Bajaj Auto Limited

BSE:532977 Stock Report

Market Cap: ₹2.5t

Bajaj Auto Valuation

Is 532977 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 532977 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 532977 (₹9072.5) is trading above our estimate of fair value (₹2845.43)

Significantly Below Fair Value: 532977 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 532977?

Key metric: As 532977 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 532977. This is calculated by dividing 532977's market cap by their current earnings.
What is 532977's PE Ratio?
PE Ratio34.4x
Earnings₹73.71b
Market Cap₹2.54t

Price to Earnings Ratio vs Peers

How does 532977's PE Ratio compare to its peers?

The above table shows the PE ratio for 532977 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.6x
505200 Eicher Motors
34.1x11.3%₹1.5t
532343 TVS Motor
63x22.9%₹1.2t
500182 Hero MotoCorp
20.8x11.8%₹862.1b
500570 Tata Motors
8.4x0.6%₹2.8t
532977 Bajaj Auto
34.4x16.7%₹2.5t

Price-To-Earnings vs Peers: 532977 is expensive based on its Price-To-Earnings Ratio (34.4x) compared to the peer average (31.6x).

Price to Earnings Ratio vs Industry

How does 532977's PE Ratio compare vs other companies in the Asian Auto Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
532977 34.4xIndustry Avg. 18.8xNo. of Companies9PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 532977 is expensive based on its Price-To-Earnings Ratio (34.4x) compared to the Asian Auto industry average (19x).

Price to Earnings Ratio vs Fair Ratio

What is 532977's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

532977 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34.4x
Fair PE Ratio36.3x

Price-To-Earnings vs Fair Ratio: 532977 is good value based on its Price-To-Earnings Ratio (34.4x) compared to the estimated Fair Price-To-Earnings Ratio (36.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 532977 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹9,072.50
₹11,130.48
+22.7%
16.9%₹14,000.00₹7,225.00n/a40
Dec ’25₹9,031.20
₹11,130.48
+23.2%
16.9%₹14,000.00₹7,225.00n/a40
Nov ’25₹9,878.25
₹10,992.76
+11.3%
17.6%₹14,000.00₹7,225.00n/a42
Oct ’25₹12,161.90
₹9,916.98
-18.5%
19.1%₹14,000.00₹5,950.00n/a41
Sep ’25₹10,896.10
₹9,566.83
-12.2%
16.1%₹12,000.00₹5,950.00n/a41
Aug ’25₹9,734.15
₹9,466.38
-2.8%
15.9%₹12,000.00₹5,950.00n/a42
Jul ’25₹9,526.30
₹8,726.76
-8.4%
16.1%₹11,000.00₹5,732.00n/a41
Jun ’25₹9,082.45
₹8,604.41
-5.3%
16.8%₹10,500.00₹5,636.00n/a41
May ’25₹8,907.75
₹8,604.41
-3.4%
16.8%₹10,500.00₹5,636.00n/a41
Apr ’25₹9,041.05
₹7,394.78
-18.2%
16.6%₹9,400.00₹5,000.00n/a40
Mar ’25₹8,039.00
₹7,258.51
-9.7%
16.5%₹9,400.00₹4,923.00n/a41
Feb ’25₹7,653.85
₹7,156.93
-6.5%
15.6%₹9,000.00₹4,923.00n/a41
Jan ’25₹6,700.55
₹5,716.62
-14.7%
11.6%₹7,450.00₹4,300.00₹8,740.6039
Dec ’24₹6,046.60
₹5,563.74
-8.0%
8.8%₹6,400.00₹4,300.00₹9,031.2039
Nov ’24₹5,342.30
₹5,459.41
+2.2%
9.5%₹6,144.00₹4,180.00₹9,878.2541
Oct ’24₹5,062.45
₹5,043.00
-0.4%
8.5%₹5,800.00₹4,000.00₹12,161.9039
Sep ’24₹4,662.65
₹5,014.82
+7.6%
8.8%₹5,800.00₹4,000.00₹10,896.1039
Aug ’24₹4,922.25
₹4,933.23
+0.2%
10.1%₹5,800.00₹3,785.00₹9,734.1540
Jul ’24₹4,692.20
₹4,559.53
-2.8%
8.1%₹5,400.00₹3,785.00₹9,526.3038
Jun ’24₹4,641.15
₹4,552.95
-1.9%
7.9%₹5,223.00₹3,785.00₹9,082.4538
May ’24₹4,429.45
₹4,552.95
+2.8%
7.9%₹5,223.00₹3,785.00₹8,907.7538
Apr ’24₹3,883.85
₹4,193.46
+8.0%
6.6%₹4,564.00₹3,500.00₹9,041.0537
Mar ’24₹3,722.50
₹4,197.67
+12.8%
6.6%₹4,564.00₹3,500.00₹8,039.0039
Feb ’24₹3,808.25
₹4,199.24
+10.3%
6.8%₹4,800.00₹3,500.00₹7,653.8541
Jan ’24₹3,615.90
₹4,056.61
+12.2%
7.9%₹4,800.00₹3,300.00₹6,700.5541

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 04:58
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Bajaj Auto Limited is covered by 90 analysts. 40 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Piyush ParagAlmondz Global Securities Ltd
Jinesh GandhiAmbit Capital
Mumuksh MandleshaAnand Rathi Shares and Stock Brokers Limited