Bajaj Auto Ltd.

•

bajajauto.comBSE: 532977NSE: BAJAJ-AUTO

Market Cap₹ 3,21,081 Cr.

Current Price

High / Low₹ 12,470 / 8,492

Stock P/E30.0

Book Value₹ 1,170

Price to Book7.05

Dividend Yield1.28 %

ROCE38.5 %

ROE29.4 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 38.2%
Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%
Latest quarter profit grew 42.3% YoY, showing strong momentum
Company has delivered good sales growth of 16.2% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.93x)

CONS

Stock is trading at 7.0x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesAutomobile Two & Three Wheelers

Part ofNIFTY 100 NIFTY 50 NIFTY 500 NIFTY ALPHALOWVOL NIFTY AUTO

S.No.	Name
1.	BAJAJ-AUTO	11684.00	27.30	321080.80	1.28	3188.75	44.26	21688.83	71.50	28.68	20.88
2.	EICHERMOT	7540.00	35.86	206989.37	1.09	1462.51	21.35	6632.42	34.11	30.54	26.51
3.	TVSMOTOR	4127.50	57.21	196092.21	0.29	1057.61	64.52	16295.52	33.46	18.24	14.38
4.	HEROMOTOCO	5225.00	19.19	104573.78	3.54	1417.93	-91.69	13126.35	34.94	35.92	12.97
5.	ATHERENERG	1655.50	0.00	65657.75	0.00	-510.90	—	12169.20	—	-21.59	-2.73
6.	OLAELEC	38.56	0.00	17847.14	0.00	-336.00	21.50	455.00	-45.05	-20.87	-36.26
7.	ATULAUTO	447.05	26.26	1240.62	0.67	8.04	290.29	218.43	44.73	11.27	7.72
8.	URJA	9.02	459.41	502.60	0.00	0.43	-55.42	13.96	-26.55	1.40	3.99
9.	WARDINMOBI	5.74	183.30	172.67	0.00	0.17	-84.77	61.64	91.02	12.48	6.17

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	10,049	10,519	11,833	11,178	11,547	12,688	12,317	11,695	12,082	14,424	14,382	15,226	17,244
	8,356	8,644	9,684	9,178	9,513	10,475	10,226	9,697	10,103	11,870	12,060	12,683	13,771
Operating Profit	1,693	1,875	2,149	2,000	2,035	2,213	2,090	1,998	1,979	2,554	2,322	2,543	3,473
OPM %	16.85%	17.82%	18.16%	17.89%	17.62%	17.44%	16.97%	17.08%	16.38%	17.70%	16.15%	16.70%	20.14%
	346	361	346	349	321	385	335	381	431	369	281	459	512
Interest	12	7	12	23	21	16	14	17	14	14	3	5	4
Depreciation	84	88	88	91	94	96	100	111	111	112	112	114	118
Profit before Tax	2,205	2,400	2,676	2,542	2,622	2,925	2,801	2,703	2,788	3,295	3,327	3,663	3,985
Tax %	24.49%	23.50%	23.69%	23.83%	24.16%	31.46%	24.73%	24.20%	24.81%	24.74%	24.76%	25.02%	25.14%
Net Profit	1,665	1,836	2,042	1,936	1,988	2,005	2,109	2,049	2,096	2,480	2,503	2,746	2,983
	58.90	64.90	72.20	68.50	71.20	71.90	75.50	73.40	75.10	88.80	89.70	98.30	106.80

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	21,767	25,219	30,358	29,919	27,741	33,145	36,428	44,685	50,010	58,732	61,276
	17,346	20,581	25,165	24,822	22,818	27,908	29,880	35,903	39,916	46,722	50,384
Operating Profit	4,421	4,638	5,192	5,096	4,923	5,237	6,547	8,782	10,094	12,010	10,892
OPM %	20.31%	18.39%	17.10%	17.03%	17.75%	15.80%	17.97%	19.65%	20.18%	20.45%	17.77%
	1,223	1,461	1,781	1,734	1,282	1,547	1,183	1,443	1,426	1,545	1,620
Interest	1	1	4	3	7	9	39	54	68	36	26
Depreciation	307	315	266	246	259	269	282	350	400	448	455
Profit before Tax	5,336	5,783	6,703	6,580	5,939	6,505	7,409	9,822	11,052	13,072	14,269
Tax %	28.26%	29.65%	30.25%	22.50%	23.31%	22.85%	24.04%	23.86%	26.24%	24.84%	24.93%
Net Profit	3,828	4,068	4,675	5,100	4,555	5,019	5,628	7,479	8,151	9,825	10,712
EPS	132.30	140.60	161.60	176.30	157.50	173.60	197.30	267.88	291.89	351.51	—
Dividend Payout %	41.58%	42.68%	37.14%	68.09%	88.95%	80.72%	70.39%	29.86%	71.94%	42.67%	—

COMPOUNDED SALES GROWTH

10 Years:: 10%
5 Years:: 16%
3 Years:: 17%

COMPOUNDED PROFIT GROWTH

10 Years:: 10%
5 Years:: 17%
3 Years:: 20%

STOCK PRICE CAGR

10 Years:: 15%
5 Years:: 26%
3 Years:: 34%
1 Year:: 28%

RETURN ON EQUITY

10 Years:: 24%
5 Years:: 26%
3 Years:: 29%
Last Year:: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	289	289	289	289	289	289	283	279	279	280
	16,745	18,814	21,491	19,626	24,896	26,347	25,081	24,479	31,768	34,532
	176	169	170	168	161	159	158	991	956	99
Trade Payables	2,236	3,244	3,787	3,200	4,574	3,633	4,074	5,594	6,268	7,356
	1,369	1,303	1,644	1,490	1,610	1,493	1,532	2,916	3,158	3,620
Total Liabilities	20,815	23,819	27,380	24,773	31,530	31,922	31,128	34,259	42,429	45,886
	1,943	1,821	1,708	1,645	1,613	1,783	2,666	3,150	3,503	3,484
Capital Work in Progress	11	11	12	47	16	77	82	24	26	43
	14,731	17,588	19,159	18,196	22,631	23,819	22,923	23,451	28,570	30,113
	728	743	962	1,064	1,494	1,231	1,398	1,696	1,958	2,354
	0	0	0	0	0	0	0	2,122	2,283	2,712
Cash & Bank	294	778	923	308	527	588	286	1,578	1,329	1,301
	3,107	2,878	4,617	3,514	5,249	4,425	3,773	2,238	4,761	5,878
Total Assets	20,815	23,819	27,380	24,773	31,530	31,922	31,128	34,259	42,429	45,886

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4,842	5,946	4,454	5,539	4,454	5,909	7,430	7,478	7,267	8,961
Cash from Investing	-3,688	-1,918	-244	1,755	-2,865	-96	1,334	-139	-3,641	-1,936
Cash from Financing	-190	-1,885	-2,074	-6,247	-20	-4,056	-7,179	-7,110	-3,254	-6,617
	-539	458	171	-630	229	55	-333	229	372	408

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.06	55.04	55.04	55.04	55.04	55.04	54.99	55.01	55.01
	14.19	14.32	12.45	11.61	10.30	9.65	8.83	8.82	9.00
	8.73	8.67	9.98	10.92	12.01	12.71	13.96	14.35	13.42
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	21.93	21.88	22.45	22.36	22.56	22.52	22.11	21.70	22.44

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-01

Credit Rating

2026-09-01 - Bajaj Auto Limited has informed the Exchange about Credit Rating

2026-09-01

Press Release

2026-09-01 - Bajaj Auto Limited has informed the Exchange regarding a press release dated September 01, 2026, titled "Sales for the month of August 2026".

2026-08-27

General Updates

2026-08-27 - BAJAJ-AUTO: Bajaj Auto Limited has informed the Exchange about ad hoc announcement made by Bajaj Mobility AG (formerly PIERER Mobility AG), a step-down subsidiary of Bajaj Auto Limited titled Results of the First Half of 2026

2026-08-21

Credit Rating- New

2026-08-21 - Bajaj Auto Limited has informed the Exchange about Credit Rating- New

2026-08-05

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-05 - Bajaj Auto Limited has informed the Exchange about Schedule of meet

2026-08-05

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-05 - Bajaj Auto Limited has informed the Exchange about Schedule of meet

2026-08-05

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-05 - Bajaj Auto Limited has informed the Exchange about Schedule of meet

2026-08-05

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-05 - Bajaj Auto Limited has informed the Exchange about Schedule of meet

2026-08-03

Press Release

2026-08-03 - Bajaj Auto Limited has informed the Exchange regarding a press release dated August 03, 2026, titled "Sales for the month of July 2026".

News

Recent coverage and analyst commentary for BAJAJ-AUTO

Loading news…

🤖

AI Stock Analyst

Bajaj Auto Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

BAJAJ-AUTO

11684.00

27.30

321080.80

1.28

3188.75

44.26

21688.83

71.50

28.68

20.88

EICHERMOT

7540.00

35.86

206989.37

1.09

1462.51

21.35

6632.42

34.11

30.54

26.51

TVSMOTOR

4127.50

57.21

196092.21

0.29

1057.61

64.52

16295.52

33.46

18.24

14.38

HEROMOTOCO

5225.00

19.19

104573.78

3.54

1417.93

-91.69

13126.35

34.94

35.92

12.97

ATHERENERG

1655.50

0.00

65657.75

0.00

-510.90

—

12169.20

—

-21.59

-2.73

OLAELEC

38.56

0.00

17847.14

0.00

-336.00

21.50

455.00

-45.05

-20.87

-36.26

ATULAUTO

447.05

26.26

1240.62

0.67

8.04

290.29

218.43

44.73

11.27

7.72

URJA

9.02

459.41

502.60

0.00

0.43

-55.42

13.96

-26.55

1.40

3.99

WARDINMOBI

5.74

183.30

172.67

0.00

0.17

-84.77

61.64

91.02

12.48

6.17

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

10,049

10,519

11,833

11,178

11,547

12,688

12,317

11,695

12,082

14,424

14,382

15,226

17,244

8,356

8,644

9,684

9,178

9,513

10,475

10,226

9,697

10,103

11,870

12,060

12,683

13,771

Operating Profit

1,693

1,875

2,149

2,000

2,035

2,213

2,090

1,998

1,979

2,554

2,322

2,543

3,473

OPM %

16.85%

17.82%

18.16%

17.89%

17.62%

17.44%

16.97%

17.08%

16.38%

17.70%

16.15%

16.70%

20.14%

346

361

346

349

321

385

335

381

431

369

281

459

512

Interest

Depreciation

100

111

112

114

118

Profit before Tax

2,205

2,400

2,676

2,542

2,622

2,925

2,801

2,703

2,788

3,295

3,327

3,663

3,985

Tax %

24.49%

23.50%

23.69%

23.83%

24.16%

31.46%

24.73%

24.20%

24.81%

24.74%

24.76%

25.02%

25.14%

Net Profit

1,665

1,836

2,042

1,936

1,988

2,005

2,109

2,049

2,096

2,480

2,503

2,746

2,983

58.90

64.90

72.20

68.50

71.20

71.90

75.50

73.40

75.10

88.80

89.70

98.30

106.80

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

21,767

25,219

30,358

29,919

27,741

33,145

36,428

44,685

50,010

58,732

61,276

17,346

20,581

25,165

24,822

22,818

27,908

29,880

35,903

39,916

46,722

50,384

Operating Profit

4,421

4,638

5,192

5,096

4,923

5,237

6,547

8,782

10,094

12,010

10,892

OPM %

20.31%

18.39%

17.10%

17.03%

17.75%

15.80%

17.97%

19.65%

20.18%

20.45%

17.77%

1,223

1,461

1,781

1,734

1,282

1,547

1,183

1,443

1,426

1,545

1,620

Interest

Depreciation

307

315

266

246

259

269

282

350

400

448

455

Profit before Tax

5,336

5,783

6,703

6,580

5,939

6,505

7,409

9,822

11,052

13,072

14,269

Tax %

28.26%

29.65%

30.25%

22.50%

23.31%

22.85%

24.04%

23.86%

26.24%

24.84%

24.93%

Net Profit

3,828

4,068

4,675

5,100

4,555

5,019

5,628

7,479

8,151

9,825

10,712

EPS

132.30

140.60

161.60

176.30

157.50

173.60

197.30

267.88

291.89

351.51

—

Dividend Payout %

41.58%

42.68%

37.14%

68.09%

88.95%

80.72%

70.39%

29.86%

71.94%

42.67%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

289

283

279

280

16,745

18,814

21,491

19,626

24,896

26,347

25,081

24,479

31,768

34,532

176

169

170

168

161

159

158

991

956

Trade Payables

2,236

3,244

3,787

3,200

4,574

3,633

4,074

5,594

6,268

7,356

1,369

1,303

1,644

1,490

1,610

1,493

1,532

2,916

3,158

3,620

Total Liabilities

20,815

23,819

27,380

24,773

31,530

31,922

31,128

34,259

42,429

45,886

1,943

1,821

1,708

1,645

1,613

1,783

2,666

3,150

3,503

3,484

Capital Work in Progress

14,731

17,588

19,159

18,196

22,631

23,819

22,923

23,451

28,570

30,113

728

743

962

1,064

1,494

1,231

1,398

1,696

1,958

2,354

2,122

2,283

2,712

Cash & Bank

294

778

923

308

527

588

286

1,578

1,329

1,301

3,107

2,878

4,617

3,514

5,249

4,425

3,773

2,238

4,761

5,878

Total Assets

20,815

23,819

27,380

24,773

31,530

31,922

31,128

34,259

42,429

45,886

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

4,842

5,946

4,454

5,539

4,454

5,909

7,430

7,478

7,267

8,961

Cash from Investing

-3,688

-1,918

-244

1,755

-2,865

-96

1,334

-139

-3,641

-1,936

Cash from Financing

-190

-1,885

-2,074

-6,247

-20

-4,056

-7,179

-7,110

-3,254

-6,617

-539

458

171

-630

229

-333

229

372

408

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

55.06

55.04

54.99

55.01

14.19

14.32

12.45

11.61

10.30

9.65

8.83

8.82

9.00

8.73

8.67

9.98

10.92

12.01

12.71

13.96

14.35

13.42

Government

0.00

21.93

21.88

22.45

22.36

22.56

22.52

22.11

21.70

22.44

Bajaj Auto Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Bajaj Auto Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI