Bajaj Auto Ltd.
•2026-08-21
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
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BAJAJ-AUTO | 11751.00 | 27.46 | 322921.99 | 1.28 | 3188.75 | 44.26 | 21688.83 | 71.50 | 28.68 | 20.88 |
| 2. | EICHERMOT | 8057.10 | 38.32 | 221184.88 | 1.02 | 1462.51 | 21.35 | 6632.42 | 34.11 | 30.54 | 26.51 |
| 3. | TVSMOTOR | 4378.00 | 60.68 | 207993.14 | 0.27 | 1057.61 | 64.52 | 16295.52 | 33.46 | 18.24 | 14.38 |
| 4. | HEROMOTOCO | 5731.90 | 21.05 | 114718.94 | 3.23 | 1417.93 | -91.69 | 13126.35 | 34.94 | 35.92 | 12.97 |
| 5. | ATHERENERG | 1463.90 | 0.00 | 57169.95 | 0.00 | -510.90 | — | 12169.20 | — | -21.59 | -2.73 |
| 6. | OLAELEC | 37.85 | 0.00 | 17518.53 | 0.00 | -336.00 | 21.50 | 455.00 | -45.05 | -30.33 | -36.26 |
| 7. | ATULAUTO | 486.85 | 28.60 | 1351.07 | 0.62 | 8.04 | 290.29 | 218.43 | 44.73 | 6.60 | 7.72 |
| 8. | URJA | 9.34 | 475.71 | 520.43 | 0.00 | 0.43 | -55.42 | 13.96 | -26.55 | 1.47 | 3.99 |
| 9. | WARDINMOBI | 6.16 | 196.71 | 185.30 | 0.00 | 0.17 | -84.77 | 61.64 | 91.02 | 12.48 | 6.17 |
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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 346 | 361 | 346 | 349 | 321 | 385 | 335 | 381 | 431 | 369 | 342 | 421 | 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 |
| 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 |
| 59 | 65 | 72 | 68 | 71 | 72 | 76 | 73 | 75 | 89 | 90 | 98 | 11 | |
| Equity Capital | 283 | 283 | 283 | 279 | 279 | 279 | 279 | 279 | 279 | 279 | 280 | 280 | 280 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 283 | 283 | 283 | 279 | 279 | 279 | 279 | 279 | 279 | 279 | 280 | 280 | 280 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 10,049
- 8,356
- Operating Profit
- —
- OPM %
- —
- Other Income
- 346
- Interest
- 12
- Depreciation
- 84
- 2,205
- Tax %
- 24.49%
- Net Profit
- 1,665
- 59
- Equity Capital
- 283
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 283
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 10,519
- 8,644
- Operating Profit
- —
- OPM %
- —
- Other Income
- 361
- Interest
- 7
- Depreciation
- 88
- 2,400
- Tax %
- 23.50%
- Net Profit
- 1,836
- 65
- Equity Capital
- 283
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 283
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 11,833
- 9,684
- Operating Profit
- —
- OPM %
- —
- Other Income
- 346
- Interest
- 12
- Depreciation
- 88
- 2,676
- Tax %
- 23.69%
- Net Profit
- 2,042
- 72
- Equity Capital
- 283
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 283
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 11,178
- 9,178
- Operating Profit
- —
- OPM %
- —
- Other Income
- 349
- Interest
- 23
- Depreciation
- 91
- 2,542
- Tax %
- 23.83%
- Net Profit
- 1,936
- 68
- Equity Capital
- 279
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 279
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 11,547
- 9,513
- Operating Profit
- —
- OPM %
- —
- Other Income
- 321
- Interest
- 21
- Depreciation
- 94
- 2,622
- Tax %
- 24.16%
- Net Profit
- 1,988
- 71
- Equity Capital
- 279
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 279
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 12,688
- 10,475
- Operating Profit
- —
- OPM %
- —
- Other Income
- 385
- Interest
- 16
- Depreciation
- 96
- 2,925
- Tax %
- 31.46%
- Net Profit
- 2,005
- 72
- Equity Capital
- 279
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 279
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 12,317
- 10,226
- Operating Profit
- —
- OPM %
- —
- Other Income
- 335
- Interest
- 14
- Depreciation
- 100
- 2,801
- Tax %
- 24.73%
- Net Profit
- 2,109
- 76
- Equity Capital
- 279
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 279
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 11,695
- 9,697
- Operating Profit
- —
- OPM %
- —
- Other Income
- 381
- Interest
- 17
- Depreciation
- 111
- 2,703
- Tax %
- 24.20%
- Net Profit
- 2,049
- 73
- Equity Capital
- 279
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 279
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 12,082
- 10,103
- Operating Profit
- —
- OPM %
- —
- Other Income
- 431
- Interest
- 14
- Depreciation
- 111
- 2,788
- Tax %
- 24.81%
- Net Profit
- 2,096
- 75
- Equity Capital
- 279
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 279
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 14,424
- 11,870
- Operating Profit
- —
- OPM %
- —
- Other Income
- 369
- Interest
- 14
- Depreciation
- 112
- 3,295
- Tax %
- 24.74%
- Net Profit
- 2,480
- 89
- Equity Capital
- 279
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 279
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 14,382
- 12,060
- Operating Profit
- —
- OPM %
- —
- Other Income
- 342
- Interest
- 3
- Depreciation
- 112
- 3,327
- Tax %
- 24.76%
- Net Profit
- 2,503
- 90
- Equity Capital
- 280
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 280
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 15,226
- 12,683
- Operating Profit
- —
- OPM %
- —
- Other Income
- 421
- Interest
- 5
- Depreciation
- 114
- 3,663
- Tax %
- 25.02%
- Net Profit
- 2,746
- 98
- Equity Capital
- 280
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 280
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 17,244
- 13,771
- Operating Profit
- —
- OPM %
- —
- Other Income
- 512
- Interest
- 4
- Depreciation
- 118
- 3,985
- Tax %
- 25.14%
- Net Profit
- 2,983
- 11
- Equity Capital
- 280
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 280
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 5,644 | 6,131 | 6,631 | 6,830 | 6,205 | 6,468 | 7,731 | 10,225 | 11,520 | 13,580 | — |
| OPM % | 26 | 24 | 22 | 23 | 22 | 20 | 21 | 23 | 23 | 23 | — |
| Other Income | 1,223 | 1,493 | 1,439 | 1,734 | 1,282 | 1,231 | 1,183 | 1,443 | 1,426 | 1,569 | 1,644 |
| Interest | 1 | 1 | 4 | 3 | 7 | 9 | 39 | 54 | 68 | 36 | 26 |
| Depreciation | 307 | 315 | 266 | 246 | 259 | 269 | 282 | 350 | 400 | 448 | 455 |
| 5,336 | 5,783 | 6,703 | 6,580 | 5,939 | 6,505 | 7,409 | 9,822 | 11,052 | 13,072 | 14,269 | |
| Tax % | 28 | 30 | 30 | 22 | 23 | 23 | 24 | 24 | 26 | 25 | 25 |
| 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 | 141 | 162 | 176 | 158 | 174 | 197 | 268 | 292 | 352 | — |
| Dividend Payout % | 42 | 43 | 37 | 68 | 89 | 81 | 70 | 30 | 72 | 43 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 132 | 141 | 162 | 176 | 157 | 173 | 199 | 268 | 292 | 352 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 132 | 141 | 162 | 176 | 157 | 173 | 199 | 268 | 292 | 352 | — |
- 21,767
- 17,346
- Operating Profit
- 5,644
- OPM %
- 26
- Other Income
- 1,223
- Interest
- 1
- Depreciation
- 307
- 5,336
- Tax %
- 28
- Net Profit
- 3,828
- EPS
- 132
- Dividend Payout %
- 42
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 132
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 132
- 25,219
- 20,581
- Operating Profit
- 6,131
- OPM %
- 24
- Other Income
- 1,493
- Interest
- 1
- Depreciation
- 315
- 5,783
- Tax %
- 30
- Net Profit
- 4,068
- EPS
- 141
- Dividend Payout %
- 43
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 141
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 141
- 30,358
- 25,165
- Operating Profit
- 6,631
- OPM %
- 22
- Other Income
- 1,439
- Interest
- 4
- Depreciation
- 266
- 6,703
- Tax %
- 30
- Net Profit
- 4,675
- EPS
- 162
- Dividend Payout %
- 37
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 162
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 162
- 29,919
- 24,822
- Operating Profit
- 6,830
- OPM %
- 23
- Other Income
- 1,734
- Interest
- 3
- Depreciation
- 246
- 6,580
- Tax %
- 22
- Net Profit
- 5,100
- EPS
- 176
- Dividend Payout %
- 68
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 176
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 176
- 27,741
- 22,818
- Operating Profit
- 6,205
- OPM %
- 22
- Other Income
- 1,282
- Interest
- 7
- Depreciation
- 259
- 5,939
- Tax %
- 23
- Net Profit
- 4,555
- EPS
- 158
- Dividend Payout %
- 89
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 157
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 157
- 33,145
- 27,908
- Operating Profit
- 6,468
- OPM %
- 20
- Other Income
- 1,231
- Interest
- 9
- Depreciation
- 269
- 6,505
- Tax %
- 23
- Net Profit
- 5,019
- EPS
- 174
- Dividend Payout %
- 81
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 173
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 173
- 36,428
- 29,880
- Operating Profit
- 7,731
- OPM %
- 21
- Other Income
- 1,183
- Interest
- 39
- Depreciation
- 282
- 7,409
- Tax %
- 24
- Net Profit
- 5,628
- EPS
- 197
- Dividend Payout %
- 70
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 199
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 199
- 44,685
- 35,903
- Operating Profit
- 10,225
- OPM %
- 23
- Other Income
- 1,443
- Interest
- 54
- Depreciation
- 350
- 9,822
- Tax %
- 24
- Net Profit
- 7,479
- EPS
- 268
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 268
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 268
- 50,010
- 39,916
- Operating Profit
- 11,520
- OPM %
- 23
- Other Income
- 1,426
- Interest
- 68
- Depreciation
- 400
- 11,052
- Tax %
- 26
- Net Profit
- 8,151
- EPS
- 292
- Dividend Payout %
- 72
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 292
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 292
- 58,732
- 46,722
- Operating Profit
- 13,580
- OPM %
- 23
- Other Income
- 1,569
- Interest
- 36
- Depreciation
- 448
- 13,072
- Tax %
- 25
- Net Profit
- 9,825
- EPS
- 352
- Dividend Payout %
- 43
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 352
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 352
- 61,276
- 50,384
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,644
- Interest
- 26
- Depreciation
- 455
- 14,269
- Tax %
- 25
- Net Profit
- 10,712
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
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:
- 36%
- 1 Year:
- 35%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 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 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 834 | 800 | 0 | |
| Trade Payables | 2,236 | 3,244 | 3,787 | 3,200 | 4,574 | 3,633 | 4,074 | 5,594 | 6,268 | 7,356 |
| 1,545 | 1,471 | 1,814 | 1,658 | 1,771 | 1,652 | 1,690 | 3,073 | 3,314 | 3,719 | |
| Total Liabilities | 20,815 | 23,819 | 27,380 | 24,773 | 31,530 | 31,922 | 31,128 | 34,259 | 42,429 | 45,886 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 120 | 121 | 125 | 126 | 121 | 123 | 124 | 960 | 928 | 73 |
| Net Working Capital | 6,179 | 5,124 | 2,189 | 2,344 | 8,532 | 5,305 | 3,672 | 1,631 | 4,425 | 6,935 |
| Contingent Liabilities | 1,934 | 1,720 | 1,785 | 1,627 | 1,564 | 1,583 | 1,615 | 1,623 | 2,034 | 2,091 |
| Book Value per Share | 588.66 | 660.19 | 752.67 | 688.24 | 870.35 | 920.50 | 896.37 | 886.81 | 1147.59 | 1245.48 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 120 | 121 | 125 | 126 | 121 | 123 | 124 | 960 | 928 | 73 |
| Net Working Capital | 6,179 | 5,124 | 2,189 | 2,344 | 8,532 | 5,305 | 3,672 | 1,631 | 4,425 | 6,935 |
| Contingent Liabilities | 1,934 | 1,720 | 1,785 | 1,627 | 1,564 | 1,583 | 1,615 | 1,623 | 2,034 | 2,091 |
| Book Value per Share | 588.66 | 660.19 | 752.67 | 688.24 | 870.35 | 920.50 | 896.37 | 886.81 | 1147.59 | 1245.48 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
- Equity Capital
- 289
- 16,745
- 0
- Trade Payables
- 2,236
- 1,545
- Total Liabilities
- 20,815
- 1,943
- Capital Work in Progress
- 11
- 14,731
- 728
- 0
- Cash & Bank
- 294
- 3,107
- Total Assets
- 20,815
- Total Debt
- 120
- Net Working Capital
- 6,179
- Contingent Liabilities
- 1,934
- Book Value per Share
- 588.66
- Face Value
- 10.00
- Total Debt
- 120
- Net Working Capital
- 6,179
- Contingent Liabilities
- 1,934
- Book Value per Share
- 588.66
- Face Value
- 10.00
- Equity Capital
- 289
- 18,814
- 0
- Trade Payables
- 3,244
- 1,471
- Total Liabilities
- 23,819
- 1,821
- Capital Work in Progress
- 11
- 17,588
- 743
- 0
- Cash & Bank
- 778
- 2,878
- Total Assets
- 23,819
- Total Debt
- 121
- Net Working Capital
- 5,124
- Contingent Liabilities
- 1,720
- Book Value per Share
- 660.19
- Face Value
- 10.00
- Total Debt
- 121
- Net Working Capital
- 5,124
- Contingent Liabilities
- 1,720
- Book Value per Share
- 660.19
- Face Value
- 10.00
- Equity Capital
- 289
- 21,491
- 0
- Trade Payables
- 3,787
- 1,814
- Total Liabilities
- 27,380
- 1,708
- Capital Work in Progress
- 12
- 19,159
- 962
- 0
- Cash & Bank
- 923
- 4,617
- Total Assets
- 27,380
- Total Debt
- 125
- Net Working Capital
- 2,189
- Contingent Liabilities
- 1,785
- Book Value per Share
- 752.67
- Face Value
- 10.00
- Total Debt
- 125
- Net Working Capital
- 2,189
- Contingent Liabilities
- 1,785
- Book Value per Share
- 752.67
- Face Value
- 10.00
- Equity Capital
- 289
- 19,626
- 0
- Trade Payables
- 3,200
- 1,658
- Total Liabilities
- 24,773
- 1,645
- Capital Work in Progress
- 47
- 18,196
- 1,064
- 0
- Cash & Bank
- 308
- 3,514
- Total Assets
- 24,773
- Total Debt
- 126
- Net Working Capital
- 2,344
- Contingent Liabilities
- 1,627
- Book Value per Share
- 688.24
- Face Value
- 10.00
- Total Debt
- 126
- Net Working Capital
- 2,344
- Contingent Liabilities
- 1,627
- Book Value per Share
- 688.24
- Face Value
- 10.00
- Equity Capital
- 289
- 24,896
- 0
- Trade Payables
- 4,574
- 1,771
- Total Liabilities
- 31,530
- 1,613
- Capital Work in Progress
- 16
- 22,631
- 1,494
- 0
- Cash & Bank
- 527
- 5,249
- Total Assets
- 31,530
- Total Debt
- 121
- Net Working Capital
- 8,532
- Contingent Liabilities
- 1,564
- Book Value per Share
- 870.35
- Face Value
- 10.00
- Total Debt
- 121
- Net Working Capital
- 8,532
- Contingent Liabilities
- 1,564
- Book Value per Share
- 870.35
- Face Value
- 10.00
- Equity Capital
- 289
- 26,347
- 0
- Trade Payables
- 3,633
- 1,652
- Total Liabilities
- 31,922
- 1,783
- Capital Work in Progress
- 77
- 23,819
- 1,231
- 0
- Cash & Bank
- 588
- 4,425
- Total Assets
- 31,922
- Total Debt
- 123
- Net Working Capital
- 5,305
- Contingent Liabilities
- 1,583
- Book Value per Share
- 920.50
- Face Value
- 10.00
- Total Debt
- 123
- Net Working Capital
- 5,305
- Contingent Liabilities
- 1,583
- Book Value per Share
- 920.50
- Face Value
- 10.00
- Equity Capital
- 283
- 25,081
- 0
- Trade Payables
- 4,074
- 1,690
- Total Liabilities
- 31,128
- 2,666
- Capital Work in Progress
- 82
- 22,923
- 1,398
- 0
- Cash & Bank
- 286
- 3,773
- Total Assets
- 31,128
- Total Debt
- 124
- Net Working Capital
- 3,672
- Contingent Liabilities
- 1,615
- Book Value per Share
- 896.37
- Face Value
- 10.00
- Total Debt
- 124
- Net Working Capital
- 3,672
- Contingent Liabilities
- 1,615
- Book Value per Share
- 896.37
- Face Value
- 10.00
- Equity Capital
- 279
- 24,479
- 834
- Trade Payables
- 5,594
- 3,073
- Total Liabilities
- 34,259
- 3,150
- Capital Work in Progress
- 24
- 23,451
- 1,696
- 2,122
- Cash & Bank
- 1,578
- 2,238
- Total Assets
- 34,259
- Total Debt
- 960
- Net Working Capital
- 1,631
- Contingent Liabilities
- 1,623
- Book Value per Share
- 886.81
- Face Value
- 10.00
- Total Debt
- 960
- Net Working Capital
- 1,631
- Contingent Liabilities
- 1,623
- Book Value per Share
- 886.81
- Face Value
- 10.00
- Equity Capital
- 279
- 31,768
- 800
- Trade Payables
- 6,268
- 3,314
- Total Liabilities
- 42,429
- 3,503
- Capital Work in Progress
- 26
- 28,570
- 1,958
- 2,283
- Cash & Bank
- 1,329
- 4,761
- Total Assets
- 42,429
- Total Debt
- 928
- Net Working Capital
- 4,425
- Contingent Liabilities
- 2,034
- Book Value per Share
- 1147.59
- Face Value
- 10.00
- Total Debt
- 928
- Net Working Capital
- 4,425
- Contingent Liabilities
- 2,034
- Book Value per Share
- 1147.59
- Face Value
- 10.00
- Equity Capital
- 280
- 34,532
- 0
- Trade Payables
- 7,356
- 3,719
- Total Liabilities
- 45,886
- 3,484
- Capital Work in Progress
- 43
- 30,113
- 2,354
- 2,712
- Cash & Bank
- 1,301
- 5,878
- Total Assets
- 45,886
- Total Debt
- 73
- Net Working Capital
- 6,935
- Contingent Liabilities
- 2,091
- Book Value per Share
- 1245.48
- Face Value
- 10.00
- Total Debt
- 73
- Net Working Capital
- 6,935
- Contingent Liabilities
- 2,091
- Book Value per Share
- 1245.48
- Face Value
- 10.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3,339 | 4,261 | 2,490 | 3,862 | 3,114 | 4,208 | 5,512 | 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 | |
| Free Cash Flow | 3,257 | 4,261 | 2,490 | 3,862 | 2,957 | 3,860 | 4,634 | 6,808 | 6,546 | 8,620 |
| OCF / Net Profit | 0.87 | 1.05 | 0.53 | 0.76 | 0.68 | 0.84 | 0.98 | 1.00 | 0.89 | 0.91 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 16,827 | 17,429 | 17,802 | 22,120 | 24,804 | 30,467 |
| OCF / Net Profit | 0.87 | 1.05 | 0.53 | 0.76 | 0.68 | 0.84 | 0.98 | 1.00 | 0.89 | 0.91 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 16,827 | 17,429 | 17,802 | 22,120 | 24,804 | 30,467 |
- 3,339
- Cash from Investing
- -3,688
- Cash from Financing
- -190
- -539
- Free Cash Flow
- 3,257
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- 0
- 4,261
- Cash from Investing
- -1,918
- Cash from Financing
- -1,885
- 458
- Free Cash Flow
- 4,261
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 0
- 2,490
- Cash from Investing
- -244
- Cash from Financing
- -2,074
- 171
- Free Cash Flow
- 2,490
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 0
- 3,862
- Cash from Investing
- 1,755
- Cash from Financing
- -6,247
- -630
- Free Cash Flow
- 3,862
- OCF / Net Profit
- 0.76
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.76
- Cumulative 5-Year FCF
- 0
- 3,114
- Cash from Investing
- -2,865
- Cash from Financing
- -20
- 229
- Free Cash Flow
- 2,957
- OCF / Net Profit
- 0.68
- Cumulative 5-Year FCF
- 16,827
- OCF / Net Profit
- 0.68
- Cumulative 5-Year FCF
- 16,827
- 4,208
- Cash from Investing
- -96
- Cash from Financing
- -4,056
- 55
- Free Cash Flow
- 3,860
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- 17,429
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- 17,429
- 5,512
- Cash from Investing
- 1,334
- Cash from Financing
- -7,179
- -333
- Free Cash Flow
- 4,634
- OCF / Net Profit
- 0.98
- Cumulative 5-Year FCF
- 17,802
- OCF / Net Profit
- 0.98
- Cumulative 5-Year FCF
- 17,802
- 7,478
- Cash from Investing
- -139
- Cash from Financing
- -7,110
- 229
- Free Cash Flow
- 6,808
- OCF / Net Profit
- 1.00
- Cumulative 5-Year FCF
- 22,120
- OCF / Net Profit
- 1.00
- Cumulative 5-Year FCF
- 22,120
- 7,267
- Cash from Investing
- -3,641
- Cash from Financing
- -3,254
- 372
- Free Cash Flow
- 6,546
- OCF / Net Profit
- 0.89
- Cumulative 5-Year FCF
- 24,804
- OCF / Net Profit
- 0.89
- Cumulative 5-Year FCF
- 24,804
- 8,961
- Cash from Investing
- -1,936
- Cash from Financing
- -6,617
- 408
- Free Cash Flow
- 8,620
- OCF / Net Profit
- 0.91
- Cumulative 5-Year FCF
- 30,467
- OCF / Net Profit
- 0.91
- Cumulative 5-Year FCF
- 30,467
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 132.27 | 140.58 | 161.56 | 176.24 | 157.40 | 173.44 | 198.88 | 267.88 | 291.89 | 351.51 |
| Book Value (₹) | 588.66 | 660.19 | 752.67 | 688.24 | 870.35 | 920.50 | 896.37 | 886.81 | 1147.59 | 1245.48 |
| Dividend per Share (₹) | 55.00 | 60.00 | 60.00 | 120.00 | 140.00 | 140.00 | 140.00 | 80.00 | 210.00 | 150.00 |
| Cash EPS (₹) | 142.89 | 151.46 | 170.75 | 184.76 | 166.36 | 182.74 | 208.86 | 280.42 | 306.22 | 367.54 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 24.45% | 23.79% | 21.73% | 22.69% | 22.22% | 19.37% | 21.04% | 19.49% | 20.04% | 20.30% |
| Net Margin % | 16.58% | 15.79% | 15.32% | 16.94% | 16.31% | 15.03% | 15.32% | 16.60% | 16.18% | 16.61% |
| ROE % | 25.26% | 22.51% | 22.87% | 24.46% | 20.20% | 19.37% | 21.64% | 29.84% | 28.70% | 29.39% |
| ROCE % | 34.95% | 31.80% | 32.62% | 31.38% | 26.21% | 25.00% | 28.46% | 38.45% | 37.76% | 38.48% |
| 20.52% | 18.23% | 18.26% | 19.56% | 16.18% | 15.82% | 17.85% | 22.88% | 21.26% | 22.25% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 13 | 17 | 24 | 26 | 29 | 23 | 16 | 16 | 16 | 15 |
| Inventory Days | 11 | 10 | 10 | 12 | 17 | 15 | 13 | 13 | 13 | 13 |
| Payable Days | 53 | 57 | 59 | 61 | 72 | 62 | 54 | 56 | 61 | 60 |
| -29 | -30 | -24 | -22 | -27 | -24 | -25 | -27 | -32 | -32 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.01x | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x | 0.00x | 0.04x | 0.03x | 0.00x |
| Interest Coverage (x) | 3812.16x | 4415.18x | 1497.24x | 2083.34x | 892.74x | 752.19x | 188.66x | 184.59x | 164.20x | 364.81x |
| 2.92x | 2.25x | 1.45x | 1.55x | 2.51x | 2.13x | 1.71x | 1.19x | 1.49x | 1.71x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -3.63% | 15.86% | 20.38% | -1.45% | -7.28% | 19.48% | 9.90% | 22.67% | 11.92% | 17.44% |
| Operating Profit Growth % | -3.61% | 8.62% | 8.17% | 2.99% | -9.15% | 4.24% | 19.52% | 32.27% | 12.66% | 17.88% |
| Net Profit Growth % | -2.60% | 6.28% | 14.92% | 9.09% | -10.69% | 10.19% | 12.13% | 32.89% | 8.99% | 20.53% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 34.69% | 8.96% | 20.42% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 34.14x | 26.98x | 24.97x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 10.31x | 6.86x | 7.05x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.87% | 2.67% | 1.71% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 24.91x | 19.05x | 17.97x |
- EPS (₹)
- 132.27
- Book Value (₹)
- 588.66
- Dividend per Share (₹)
- 55.00
- Cash EPS (₹)
- 142.89
- Operating Margin %
- 24.45%
- Net Margin %
- 16.58%
- ROE %
- 25.26%
- ROCE %
- 34.95%
- 20.52%
- Debtor Days
- 13
- Inventory Days
- 11
- Payable Days
- 53
- -29
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 3812.16x
- 2.92x
- Revenue Growth %
- -3.63%
- Operating Profit Growth %
- -3.61%
- Net Profit Growth %
- -2.60%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 140.58
- Book Value (₹)
- 660.19
- Dividend per Share (₹)
- 60.00
- Cash EPS (₹)
- 151.46
- Operating Margin %
- 23.79%
- Net Margin %
- 15.79%
- ROE %
- 22.51%
- ROCE %
- 31.80%
- 18.23%
- Debtor Days
- 17
- Inventory Days
- 10
- Payable Days
- 57
- -30
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 4415.18x
- 2.25x
- Revenue Growth %
- 15.86%
- Operating Profit Growth %
- 8.62%
- Net Profit Growth %
- 6.28%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 161.56
- Book Value (₹)
- 752.67
- Dividend per Share (₹)
- 60.00
- Cash EPS (₹)
- 170.75
- Operating Margin %
- 21.73%
- Net Margin %
- 15.32%
- ROE %
- 22.87%
- ROCE %
- 32.62%
- 18.26%
- Debtor Days
- 24
- Inventory Days
- 10
- Payable Days
- 59
- -24
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 1497.24x
- 1.45x
- Revenue Growth %
- 20.38%
- Operating Profit Growth %
- 8.17%
- Net Profit Growth %
- 14.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 176.24
- Book Value (₹)
- 688.24
- Dividend per Share (₹)
- 120.00
- Cash EPS (₹)
- 184.76
- Operating Margin %
- 22.69%
- Net Margin %
- 16.94%
- ROE %
- 24.46%
- ROCE %
- 31.38%
- 19.56%
- Debtor Days
- 26
- Inventory Days
- 12
- Payable Days
- 61
- -22
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 2083.34x
- 1.55x
- Revenue Growth %
- -1.45%
- Operating Profit Growth %
- 2.99%
- Net Profit Growth %
- 9.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 157.40
- Book Value (₹)
- 870.35
- Dividend per Share (₹)
- 140.00
- Cash EPS (₹)
- 166.36
- Operating Margin %
- 22.22%
- Net Margin %
- 16.31%
- ROE %
- 20.20%
- ROCE %
- 26.21%
- 16.18%
- Debtor Days
- 29
- Inventory Days
- 17
- Payable Days
- 72
- -27
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 892.74x
- 2.51x
- Revenue Growth %
- -7.28%
- Operating Profit Growth %
- -9.15%
- Net Profit Growth %
- -10.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 173.44
- Book Value (₹)
- 920.50
- Dividend per Share (₹)
- 140.00
- Cash EPS (₹)
- 182.74
- Operating Margin %
- 19.37%
- Net Margin %
- 15.03%
- ROE %
- 19.37%
- ROCE %
- 25.00%
- 15.82%
- Debtor Days
- 23
- Inventory Days
- 15
- Payable Days
- 62
- -24
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 752.19x
- 2.13x
- Revenue Growth %
- 19.48%
- Operating Profit Growth %
- 4.24%
- Net Profit Growth %
- 10.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 198.88
- Book Value (₹)
- 896.37
- Dividend per Share (₹)
- 140.00
- Cash EPS (₹)
- 208.86
- Operating Margin %
- 21.04%
- Net Margin %
- 15.32%
- ROE %
- 21.64%
- ROCE %
- 28.46%
- 17.85%
- Debtor Days
- 16
- Inventory Days
- 13
- Payable Days
- 54
- -25
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 188.66x
- 1.71x
- Revenue Growth %
- 9.90%
- Operating Profit Growth %
- 19.52%
- Net Profit Growth %
- 12.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 267.88
- Book Value (₹)
- 886.81
- Dividend per Share (₹)
- 80.00
- Cash EPS (₹)
- 280.42
- Operating Margin %
- 19.49%
- Net Margin %
- 16.60%
- ROE %
- 29.84%
- ROCE %
- 38.45%
- 22.88%
- Debtor Days
- 16
- Inventory Days
- 13
- Payable Days
- 56
- -27
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 184.59x
- 1.19x
- Revenue Growth %
- 22.67%
- Operating Profit Growth %
- 32.27%
- Net Profit Growth %
- 32.89%
- 34.69%
- P/E (x)
- 34.14x
- P/B (x)
- 10.31x
- Dividend Yield %
- 0.87%
- 24.91x
- EPS (₹)
- 291.89
- Book Value (₹)
- 1147.59
- Dividend per Share (₹)
- 210.00
- Cash EPS (₹)
- 306.22
- Operating Margin %
- 20.04%
- Net Margin %
- 16.18%
- ROE %
- 28.70%
- ROCE %
- 37.76%
- 21.26%
- Debtor Days
- 16
- Inventory Days
- 13
- Payable Days
- 61
- -32
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 164.20x
- 1.49x
- Revenue Growth %
- 11.92%
- Operating Profit Growth %
- 12.66%
- Net Profit Growth %
- 8.99%
- 8.96%
- P/E (x)
- 26.98x
- P/B (x)
- 6.86x
- Dividend Yield %
- 2.67%
- 19.05x
- EPS (₹)
- 351.51
- Book Value (₹)
- 1245.48
- Dividend per Share (₹)
- 150.00
- Cash EPS (₹)
- 367.54
- Operating Margin %
- 20.30%
- Net Margin %
- 16.61%
- ROE %
- 29.39%
- ROCE %
- 38.48%
- 22.25%
- Debtor Days
- 15
- Inventory Days
- 13
- Payable Days
- 60
- -32
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 364.81x
- 1.71x
- Revenue Growth %
- 17.44%
- Operating Profit Growth %
- 17.88%
- Net Profit Growth %
- 20.53%
- 20.42%
- P/E (x)
- 24.97x
- P/B (x)
- 7.05x
- Dividend Yield %
- 1.71%
- 17.97x
Documents
Announcements
- Credit Rating- New
2026-08-21 - Bajaj Auto Limited has informed the Exchange about Credit Rating- New
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-05 - Bajaj Auto Limited has informed the Exchange about Schedule of meet
Annual Reports
Nothing filed yet.
Credit Ratings
- Credit Rating- New
2026-08-21 - Bajaj Auto Limited has informed the Exchange about Credit Rating- New
- Credit Rating
2026-03-31 - Bajaj Auto Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-03-07 - Bajaj Auto Limited has informed the Exchange about Credit Rating
Concalls
Jul 2026
May 2026
Feb 2026

