Is Bajaj Auto a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bajaj Auto Ltd is a good quality company .

Is Bajaj Auto undervalued or overvalued?

The key valuation ratios of Bajaj Auto Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Bajaj Auto share price return in the past 10 years?

Bajaj Auto Ltd share price has appreciated 13.5% annually (CAGR) over the past ten years.

Is Bajaj Auto a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bajaj Auto Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Bajaj Auto Ltd - Stock Valuation and Financial Performance

Name: Bajaj Auto
Brand: Bajaj Auto

BSE: 532977 | NSE: BAJAJ-AUTO | Automobile Two & Three Wheelers | Large Cap

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Bajaj Auto Share Price

₹9,490 -56.45 -0.59%
as on 21-Nov'24 13:56

10 Year X-Ray of Bajaj Auto:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	38.2%	44.8%	34.8%	30.8%	31.7%	29.7%	25.4%	26.7%	26.5%	33.5%	-
Value Creation Index ⓘ	2.4	3.0	2.1	1.7	1.8	1.6	1.3	1.4	1.4	2.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	21,614	22,587	21,767	25,219	30,358	29,919	27,741	33,145	36,455	44,870	47,515
Sales YoY Gr.	-	4.5%	-3.6%	15.9%	20.4%	-1.5%	-7.3%	19.5%	10%	23.1%	-
Adj EPS ⓘ	109.4	140.3	141.1	146	160.3	178.8	168.1	190.5	209.4	276.2	264
YoY Gr.	-	28.3%	0.6%	3.5%	9.7%	11.6%	-6%	13.3%	9.9%	31.9%	-
BVPS (₹) ⓘ	383.4	484.5	617.1	705.9	802.9	748.3	941.9	1,030.8	1,035.5	1,033.7	1,109.3
Adj Net Profit ⓘ	3,165	4,059	4,083	4,226	4,637	5,173	4,865	5,512	5,924	7,712	7,371
Cash Flow from Ops. ⓘ	2,114	3,690	3,267	4,328	2,487	3,850	3,120	4,197	5,277	6,558	-
Debt/CF from Ops. ⓘ	0.1	0	0	0	0.1	0	0	0	0	0.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.5%	8.1%	17.4%	23.1%
Adj EPS ⓘ	10.8%	11.5%	18%	31.9%
BVPSⓘ	11.7%	5.2%	3.2%	-0.2%
Share Price	13.5%	24.4%	38.8%	66.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	29.8	32.3	25.6	22.1	21.2	23.1	19.9	19.3	20	26.4	24.6
Op. Profit Mgn % ⓘ	19.3	21.2	20.4	19.2	17.1	17.1	17.9	15.8	17.7	19.5	20.5
Net Profit Mgn % ⓘ	13.7	18	18.8	16.8	15.3	17.3	17.5	16.6	16.3	17.2	15.5
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0.1	0.1
Working Cap Days ⓘ	59	53	56	52	54	61	74	67	54	50	52
Cash Conv. Cycle ⓘ	-16	-17	-20	-22	-17	-14	-17	-17	-18	-21	15

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.60%

Sales growth is growing at healthy rate in last 3 years 17.38%

Net Profit is growing at healthy rate in last 3 years 18.00%

Sales growth is good in last 4 quarters at 24.33%

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Latest Financials - Bajaj Auto Ltd.

	Standalone	Consolidated
TTM EPS (₹)	285.4	264
TTM Sales (₹ Cr.)	47,247	47,515
BVPS (₹.) ⓘ	978.5	1,109.3
Reserves (₹ Cr.) ⓘ	27,047	30,700
P/BV ⓘ	9.76	8.61
PE ⓘ	33.44	36.17

From the Market
52 Week Low / High (₹)	5610.05 / 12772.15
All Time Low / High (₹)	147.32 / 12772.15
Market Cap (₹ Cr.)	2,66,592
Equity (₹ Cr.)	279.3
Face Value (₹)	10
Industry PE ⓘ	32.9

Management X-Ray of Bajaj Auto:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.01

* Pledged shares as % of Promoter's holding (%)

Valuation of Bajaj Auto

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Dividend History

Analyst's Notes

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Key Ratios of Bajaj Auto

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	21,614	22,587	21,767	25,219	30,358	29,919	27,741	33,145	36,455	44,870
Operating Expenses ⓘ	17,506	17,805	17,349	20,383	25,168	24,823	22,822	27,917	30,007	36,149
Manufacturing Costs	849	870	747	753	869	949	792	1,048	1,031	1,094
Material Costs	14,863	15,057	14,624	17,410	21,798	21,008	19,610	24,330	26,121	31,893
Employee Cost	866	883	997	1,069	1,257	1,391	1,288	1,363	1,484	1,627
Other Costs ⓘ	927	995	980	1,151	1,245	1,475	1,132	1,177	1,370	1,535
Operating Profit ⓘ	4,109	4,781	4,418	4,836	5,190	5,096	4,919	5,228	6,449	8,721
Operating Profit Margin (%)	19.0%	21.2%	20.3%	19.2%	17.1%	17.0%	17.7%	15.8%	17.7%	19.4%
Other Income ⓘ	588	985	1,223	1,158	1,344	1,525	1,282	1,306	1,190	1,476
Interest ⓘ	6	1	1	1	4	3	7	9	40	60
Depreciation ⓘ	267	307	307	315	266	246	259	270	286	365
Exceptional Items ⓘ	-340	0	0	-32	342	0	0	817	0	0
Profit Before Tax ⓘ	4,083	5,679	5,588	5,933	6,956	6,692	6,241	7,652	7,842	10,040
Tax ⓘ	1,271	1,618	1,508	1,714	2,028	1,480	1,384	1,486	1,782	2,332
Profit After Tax	2,812	4,061	4,079	4,219	4,928	5,212	4,857	6,166	6,060	7,708
PAT Margin (%)	13.0%	18.0%	18.7%	16.7%	16.2%	17.4%	17.5%	18.6%	16.6%	17.2%
Adjusted EPS (₹)	104.6	140.4	141.0	145.8	170.3	180.1	167.9	213.1	214.2	276.1
Dividend Payout Ratio (%)	48%	39%	39%	41%	35%	67%	83%	66%	65%	29%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	11,095	14,020	17,857	20,425	23,234	21,652	27,257	29,827	29,299	28,860
Share Capital ⓘ	289	289	289	289	289	289	289	289	283	279
Reserves ⓘ	10,806	13,731	17,567	20,136	22,944	21,363	26,967	29,538	29,016	28,581
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	112	118	120	121	125	126	121	123	124	1,912
Long Term Debt	112	118	120	121	125	126	121	123	124	759
Short Term Debt	0	0	0	0	0	0	0	0	0	1,153
Trade Payables	1,761	2,027	2,236	3,244	3,787	3,200	4,574	3,632	4,121	5,597
Others Liabilities ⓘ	2,998	1,075	1,425	1,351	1,689	1,533	1,650	1,529	1,592	2,975
Total Liabilities ⓘ	15,966	17,240	21,638	25,141	28,834	26,510	33,602	35,111	35,136	39,344
Fixed Assets
Gross Block	4,632	4,435	4,533	4,449	4,226	4,088	4,277	4,564	5,565	6,185
Accumulated Depreciation	2,184	2,409	2,590	2,628	2,518	2,443	2,662	2,779	2,773	3,017
Net Fixed Assetsⓘ	2,448	2,026	1,943	1,821	1,708	1,645	1,615	1,785	2,792	3,168
CWIP ⓘ	255	52	42	56	48	60	16	77	85	35
Investmentsⓘ	8,985	11,007	15,477	18,895	20,603	19,914	24,687	26,634	26,183	28,087
Inventories	814	719	728	743	962	1,064	1,494	1,231	1,564	1,689
Trade Receivables	717	718	953	1,492	2,560	1,725	2,717	1,516	1,752	2,076
Cash Equivalents	593	867	301	793	933	316	539	958	690	955
Others Assetsⓘ	2,154	1,852	2,192	1,342	2,021	1,786	2,534	2,910	2,070	3,334
Total Assets ⓘ	15,966	17,240	21,638	25,141	28,834	26,510	33,602	35,111	35,136	39,344

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	2,114	3,690	3,267	4,328	2,487	3,850	3,120	4,197	5,277	6,558
PBT ⓘ	4,083	5,679	5,588	5,933	6,956	6,692	6,241	7,652	7,842	10,040
Adjustment ⓘ	-38	-751	-974	-1,012	-1,706	-1,530	-1,281	-2,352	-1,233	-1,256
Changes in Working Capital ⓘ	-646	582	157	1091	-798	366	-501	599	587	161
Tax Paid ⓘ	-1,285	-1,819	-1,503	-1,685	-1,964	-1,678	-1,340	-1,702	-1,919	-2,387
Cash Flow From Investing Activity ⓘ	-414	-113	-3,683	-2,053	-338	1,556	-2,868	-81	1,200	-344
Capex	-295	-265	-197	-183	-108	-280	-254	-518	-938	-694
Net Investments	-355	97	-3,583	-1,936	-246	1,801	-2,689	196	2,174	-143
Others ⓘ	235	56	97	66	15	35	75	241	-37	493
Cash Flow From Financing Activityⓘ	-1,644	-3,384	-190	-1,885	-2,074	-6,247	-20	-4,056	-7,181	-6,167
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	87
Net Proceeds from Borrowing ⓘ	53	50	13	0	3	0	-5	0	0	632
Interest Paid ⓘ	-6	0	-1	0	-4	-2	-5	-7	-38	-59
Dividend Paid ⓘ	-1,445	-2,863	-173	-1,588	-1,736	-5,195	-9	-4,049	-4,047	-3,960
Others ⓘ	-246	-571	-29	-297	-337	-1,049	0	0	-3,096	-2,867
Net Cash Flow ⓘ	56	193	-606	389	74	-840	232	60	-704	47

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	26.45	32.34	25.6	22.04	22.57	23.22	19.86	21.6	20.5	26.51
ROCE (%)	38.16	44.82	34.81	30.81	31.71	29.66	25.41	26.7	26.51	33.47
Asset Turnover Ratio	1.44	1.44	1.19	1.1	1.12	1.08	0.92	0.97	1.05	1.21
PAT to CFO Conversion(x)	0.75	0.91	0.8	1.03	0.5	0.74	0.64	0.68	0.87	0.85
Working Capital Days
Receivable Days	12	11	13	17	24	26	29	23	16	15
Inventory Days	12	12	11	10	10	12	17	15	14	13
Payable Days	48	46	53	57	59	61	72	62	54	56

Bajaj Auto Ltd Stock News

Bajaj Auto Ltd FAQs

What is the share price of Bajaj Auto?

Company share prices are keep on changing according to the market conditions. The closing price of Bajaj Auto on 21-Nov-2024 13:56 is ₹9,490.

What is the market cap of Bajaj Auto?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 13:56 the market cap of Bajaj Auto stood at ₹2,66,591.9.

What is the P/E ratio of Bajaj Auto?

The latest P/E ratio of Bajaj Auto as of 21-Nov-2024 13:56 is 33.44.

What is the P/B ratio of Bajaj Auto?

The latest P/B ratio of Bajaj Auto as of 21-Nov-2024 13:56 is 9.76.

What is the 52-week high and low of Bajaj Auto?

The 52-week high of Bajaj Auto is ₹12,772.2 and the 52-week low is ₹5,610.1.

What is the TTM revenue of Bajaj Auto?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bajaj Auto is ₹47,247 ( Cr.) .

About Bajaj Auto Ltd

The Bajaj group's flagship company, Bajaj Auto, is ranked as the world's third largest motorcycle manufacturer and its largest three wheeler & quadricycle manufacturer. The Bajaj brand is well-known across several countries in Latin America, Africa, Middle East, South and South East Asia.

In 2007, Bajaj Auto acquired a 14% stake in KTM that has since grown to 48%. This partnership catalysed Bajaj Auto’s endeavour to democratise motorcycle racing in India. The company today exclusively manufactures Duke range of KTM bikes and exports them worldwide. In FY2018, KTM was the fastest growing motorcycle brand in the country. It has also led the pioneering introduction of India’s first ever Quadricycle - Qute. The company exports to several countries and a significant share of revenues come from Exports. This stands as a testament to the new brand image - The World’s Favourite Indian.

Business area of the company

Bajaj Auto is an Indian company which manufactures motorcycles, three-wheelers and quadricycles.

Awards and Accolades:

2011-12: IIM Lucknow National Leadership Award.
2011-12: NDTV Profit Business Leadership Award Young Business Leader.
2011-12: CNBC TV18 Outstanding Business Leader of the Year.
2014-15: Waluj plant has been recognised with ‘Excellent Energy efficient unit award’ for 2014 by CII.
2015-16: Best Energy Efficient plant Award by TV 100 for Pantnagar Plant.
2015-16: Excellence in Energy Conservation and Management by MEDA for Waluj Plant.
2015-16: Green Manufacturing Excellence Award by Frost and Sullivan for Chakan Plant
2016-17: National Energy Management Award 2016 for 'Excellent Energy Efficient Unit' by CII to Waluj Plant.
2016-17: National Award for Excellence in Water Management 2016 by CII to Waluj Plant.
2016-17: BAL Chakan received 'Certificate of Merit' Award in National Energy Conservation Award, by Bureau of Energy Efficiency.
2016-17: BAL Chakan received ISO 14001 Certification for upgraded standard (2015).
2017-18: The company’s Waluj Plant clinched National Energy Management Trophy 2017 for 'Excellent Energy Efficient Unit' by Confederation of Indian Industry.
2017-18: BAL Chakan and Pantnagar plants received ISO 14001 Certification for upgraded standard ISO 14001:2015 from ISO 14001:2008.
2018-19: The company’s Commercial vehicles manufacturing plant at Waluj and the Motorcycle manufacturing plant at Pantnagar received the Special award for TPM achievement from JIPM, Japan. This award is for a plant that has achieved a very high level in its practice of TPM methodology.
2019-20: The company’s manufacturing plant at Chakan received the TPM Advance Special Award.
2019-20: The company’s Waluj plant received the IMS certification (EMS + OSHAS).

Achievement:

1945: Bajaj Auto comes into existence as Bachraj Trading Corporation Private Limited.
1948: Sales in India commence by importing two- and three-wheelers.
1959: Obtains licence from the Government of India to manufacture two- and three-wheelers.
1960: Becomes a public limited company.
1960: Bhoomi Poojan of Akurdi Plant.
1970: Rolled out its 100,000th vehicle.
1971: The company introduced its three-wheeler goods carrier.
1972: The company introduced Bajaj Chetak.
1975: Bajaj Auto & Maharashtra Scooters entered into a joint venture.
1976: The company introduced Bajaj Super.
1977: Introduced rear engine autorickshaw and achieved production and sales of 100,000 vehicles in a single financial year.
1981: Bajaj Auto launched Bajaj M-50.
1984: The foundation stone laid for the new plant at Waluj, Aurangabad.
1985: The Waluj plant inaugurated by the erstwhile President of India, Giani Zail Singh. The company commenced production at Waluj, Aurangabad in a record time of 16 months.
1986: The Bajaj M-80 and the Kawasaki Bajaj KB100 motorcycles were introduced. The company produced and sold 500,000 vehicles in a single financial year.
1990: The Bajaj Sunny was introduced.
1991: The company introduced Kawasaki Bajaj 4S Champion.
1994: The Bajaj Classic is introduced.
1995: Bajaj Auto turned into a 50-year old company. It signed agreements with Kubota of Japan for the development of diesel engines for three-wheelers and with Tokyo R&D for ungeared scooter and moped development. The Bajaj Super Excel is introduced while Bajaj celebrated its ten millionth vehicle. The same year one million vehicles were produced and sold by company in that financial year.
1997: The Kawasaki Bajaj Boxer and the RE diesel Autorickshaw are introduced.
1998: The company commenced production at Chakan plant. It rolled out Kawasaki Bajaj Caliber from its Waluj plant. Bajaj Auto launched Legend, India's first four-stroke scooter from Akurdi plant. The same year Spirit was launched.
1999: Caliber motorcycle notched up 100,000 sales in record time of 12 months.
2000: The company launched Bajaj Saffire.
2001: Launched its latest offering in the premium bike segment 'Pulsar'. The same year Eliminator was launched.
2003: Bajaj Pulsar DTS-i was launched. The company sold 107,115 motorcycles in a month. The company launched Bajaj Wind 125, The World Bike in India. It launched its Caliber115 'Hoodibabaa!' in the executive motorcycle segment.
2004: Bajaj Discover DTS-I, new Bajaj Chetak 4-stroke with wonder gear and Bajaj CT100 were launched. Bajaj unveiled new brand identity, new symbol, logo and brandline.
2005: Bajaj Discover, Bajaj Avenger DTS-I and Bajaj Wave DTS-I were introduced.
2006: Bajaj Platina was launched.
2007: RE GDi autorickshaw, Bajaj XCD 125 DTS-Si, Bajaj Pulsar 220 DTS-Fi, 200 cc Pulsar DTS-I and Bajaj Kristal DTS-i were launched. The company also underwent through revamping of its organisational structure.
2008: Bajaj Platina 125 DTS-Si was launched.
2009: Bajaj Pulsar 150 & 180 upgrade and Bajaj XCD 135 DTS-Si were launched
2010: Bajaj Auto launched a 135 cc Pulsar, priced at Rs 51,000, pushing the Pulsar brand into the mass segment.
2011: April, Bajaj Records its best year ever of 2010.
2011: Bajaj Auto ties-up with SBI for inventory finance to dealers2012 -Bajaj Auto tied up with Japan’s Kawasaki in Indonesia
2013: The Company introduced another variant of premium motorcycles under the Bajaj-KTM joint venture namely Duke 390cc for a price of Rs 1.83 lakh. The company also received 'CII Design Excellence Award'.
2014: Bajaj Auto bagged order in Sri Lanka -People's Choice Bike of the Year - CNBC TV18 Overdrive Awards. The Company has also received Bike of the Year BBC Topgear Awards.
2015: Bajaj Auto has introduced the all-new Platina electric start 100 cc bike to the long-distance commuter.
2017: Triumph motorcycles and Bajaj have entered into global partnership.
2020: Launches BS-VI range of commercial vehicles across brands.
2020: Launches BS-VI compliant Pulsar 150 model.
2020: Launches Chetak electric scooter.
2020: Introduces Husqvarna premium motorcycle brand in India.