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BAJA

Bajaj AutoNSEI:BAJAJ-AUTO Stock Report

Market Cap

₹1.1t

7D

-3.1%

1Y

28.6%

Updated

26 Oct, 2021

Data

Company Financials +
BAJAJ-AUTO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends5/6

BAJAJ-AUTO Overview

Bajaj Auto Limited develops, manufactures, and distributes automobiles in India.

Bajaj Auto Competitors

Hero MotoCorp

BSE:500182

₹539.5b

TVS Motor

BSE:532343

₹297.5b

Atul Auto

BSE:531795

₹5.2b

Scooters India

BSE:505141

₹3.0b

Price History & Performance

Summary of all time highs, changes and price drops for Bajaj Auto
Historical stock prices
Current Share Price₹3,791.75
52 Week High₹2,822.45
52 Week Low₹4,361.40
Beta0.94
1 Month Change-0.47%
3 Month Change-0.70%
1 Year Change28.65%
3 Year Change48.33%
5 Year Change34.19%
Change since IPO1,153.99%

Recent News & Updates

Aug 31
Bajaj Auto (NSE:BAJAJ-AUTO) Will Be Hoping To Turn Its Returns On Capital Around

Bajaj Auto (NSE:BAJAJ-AUTO) Will Be Hoping To Turn Its Returns On Capital Around

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...

Aug 18
Should You Be Adding Bajaj Auto (NSE:BAJAJ-AUTO) To Your Watchlist Today?

Should You Be Adding Bajaj Auto (NSE:BAJAJ-AUTO) To Your Watchlist Today?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Aug 04
Is It Too Late To Consider Buying Bajaj Auto Limited (NSE:BAJAJ-AUTO)?

Is It Too Late To Consider Buying Bajaj Auto Limited (NSE:BAJAJ-AUTO)?

Today we're going to take a look at the well-established Bajaj Auto Limited ( NSE:BAJAJ-AUTO ). The company's stock...

Shareholder Returns

BAJAJ-AUTOIN AutoIN Market
7D-3.1%-1.5%-2.3%
1Y28.6%38.8%62.5%

Return vs Industry: BAJAJ-AUTO underperformed the Indian Auto industry which returned 37.5% over the past year.

Return vs Market: BAJAJ-AUTO underperformed the Indian Market which returned 61.7% over the past year.

Price Volatility

Is BAJAJ-AUTO's price volatile compared to industry and market?
BAJAJ-AUTO volatility
BAJAJ-AUTO Beta0.94
Industry Beta1.24
Market Beta1

Stable Share Price: BAJAJ-AUTO is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BAJAJ-AUTO's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194510,044Rajiv Bajajhttps://www.bajajauto.com

Bajaj Auto Limited develops, manufactures, and distributes automobiles in India. It operates through two segments, Automotive and Investments. The company offers motorcycles, commercial vehicles, electric two-wheelers, etc., as well as related parts.

Bajaj Auto Fundamentals Summary

How do Bajaj Auto's earnings and revenue compare to its market cap?
BAJAJ-AUTO fundamental statistics
Market Cap₹1.09t
Earnings (TTM)₹56.32b
Revenue (TTM)₹332.56b

19.5x

P/E Ratio

3.3x

P/S Ratio

Is BAJAJ-AUTO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BAJAJ-AUTO income statement (TTM)
Revenue₹332.56b
Cost of Revenue₹230.42b
Gross Profit₹102.14b
Expenses₹45.82b
Earnings₹56.32b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 27, 2021

Earnings per share (EPS)194.62
Gross Margin30.71%
Net Profit Margin16.93%
Debt/Equity Ratio0.0%

How did BAJAJ-AUTO perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

72%

Payout Ratio

Valuation

Is Bajaj Auto undervalued compared to its fair value and its price relative to the market?

19.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BAJAJ-AUTO (₹3791.75) is trading above our estimate of fair value (₹2194.88)

Significantly Below Fair Value: BAJAJ-AUTO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BAJAJ-AUTO is good value based on its PE Ratio (19.5x) compared to the Indian Auto industry average (34.5x).

PE vs Market: BAJAJ-AUTO is good value based on its PE Ratio (19.5x) compared to the Indian market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: BAJAJ-AUTO is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: BAJAJ-AUTO is overvalued based on its PB Ratio (4x) compared to the IN Auto industry average (3.5x).


Future Growth

How is Bajaj Auto forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

12.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BAJAJ-AUTO's forecast earnings growth (12.2% per year) is above the savings rate (6.7%).

Earnings vs Market: BAJAJ-AUTO's earnings (12.2% per year) are forecast to grow slower than the Indian market (19.1% per year).

High Growth Earnings: BAJAJ-AUTO's earnings are forecast to grow, but not significantly.

Revenue vs Market: BAJAJ-AUTO's revenue (11.4% per year) is forecast to grow slower than the Indian market (12.8% per year).

High Growth Revenue: BAJAJ-AUTO's revenue (11.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BAJAJ-AUTO's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Bajaj Auto performed over the past 5 years?

6.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAJAJ-AUTO has high quality earnings.

Growing Profit Margin: BAJAJ-AUTO's current net profit margins (16.9%) are lower than last year (17.2%).


Past Earnings Growth Analysis

Earnings Trend: BAJAJ-AUTO's earnings have grown by 6.1% per year over the past 5 years.

Accelerating Growth: BAJAJ-AUTO's earnings growth over the past year (22.6%) exceeds its 5-year average (6.1% per year).

Earnings vs Industry: BAJAJ-AUTO earnings growth over the past year (22.6%) underperformed the Auto industry 25.7%.


Return on Equity

High ROE: BAJAJ-AUTO's Return on Equity (20.6%) is considered high.


Financial Health

How is Bajaj Auto's financial position?


Financial Position Analysis

Short Term Liabilities: BAJAJ-AUTO's short term assets (₹141.9B) exceed its short term liabilities (₹56.4B).

Long Term Liabilities: BAJAJ-AUTO's short term assets (₹141.9B) exceed its long term liabilities (₹6.8B).


Debt to Equity History and Analysis

Debt Level: BAJAJ-AUTO is debt free.

Reducing Debt: BAJAJ-AUTO has no debt compared to 5 years ago when its debt to equity ratio was 1.2%.

Debt Coverage: BAJAJ-AUTO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BAJAJ-AUTO has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Bajaj Auto current dividend yield, its reliability and sustainability?

3.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BAJAJ-AUTO's dividend (3.69%) is higher than the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: BAJAJ-AUTO's dividend (3.69%) is in the top 25% of dividend payers in the Indian market (1.42%)


Stability and Growth of Payments

Stable Dividend: BAJAJ-AUTO's dividends per share have been stable in the past 10 years.

Growing Dividend: BAJAJ-AUTO's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (71.9%), BAJAJ-AUTO's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.3yrs

Average management tenure


CEO

Rajiv Bajaj (55 yo)

16.5yrs

Tenure

₹405,700,000

Compensation

Mr. Rajivnayan Rahulkumar Bajaj also known as Rajiv, is a Non-Executive Non-Independent Director of Bajaj Electricals Limited since May 22, 2019. Mr. Bajaj serves as Managing Director of Bajaj Capital Limi...


CEO Compensation Analysis

Compensation vs Market: Rajiv's total compensation ($USD5.41M) is above average for companies of similar size in the Indian market ($USD1.14M).

Compensation vs Earnings: Rajiv's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BAJAJ-AUTO's management team is seasoned and experienced (10.3 years average tenure).


Board Members

Experienced Board: BAJAJ-AUTO's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BAJAJ-AUTO insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bajaj Auto Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Bajaj Auto Limited
  • Ticker: BAJAJ-AUTO
  • Exchange: NSEI
  • Founded: 1945
  • Industry: Motorcycle Manufacturers
  • Sector: Automobiles
  • Market Cap: ₹1.093t
  • Shares outstanding: 289.37m
  • Website: https://www.bajajauto.com

Number of Employees


Location

  • Bajaj Auto Limited
  • Mumbai-Pune Road
  • Akurdi
  • Pune
  • Maharashtra
  • 411035
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:23
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.