Bajaj Auto Limited

NSEI:BAJAJ-AUTO Stock Report

Market Cap: ₹2.5t

Bajaj Auto Valuation

Is BAJAJ-AUTO 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 BAJAJ-AUTO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BAJAJ-AUTO (₹8778.05) is trading above our estimate of fair value (₹2854.42)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BAJAJ-AUTO?

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

The above table shows the Price to Earnings ratio for BAJAJ-AUTO. This is calculated by dividing BAJAJ-AUTO's market cap by their current earnings.
What is BAJAJ-AUTO's PE Ratio?
PE Ratio33.3x
Earnings₹73.71b
Market Cap₹2.45t

Price to Earnings Ratio vs Peers

How does BAJAJ-AUTO's PE Ratio compare to its peers?

The above table shows the PE ratio for BAJAJ-AUTO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.1x
505200 Eicher Motors
30.7x11.1%₹1.3t
532343 TVS Motor
61.1x22.9%₹1.2t
500182 Hero MotoCorp
20.6x11.8%₹851.9b
500570 Tata Motors
8.1x0.6%₹2.7t
BAJAJ-AUTO Bajaj Auto
33.3x16.6%₹2.5t

Price-To-Earnings vs Peers: BAJAJ-AUTO is expensive based on its Price-To-Earnings Ratio (33.3x) compared to the peer average (30.1x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BAJAJ-AUTO 33.3xIndustry Avg. 18.8xNo. of Companies9PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BAJAJ-AUTO is expensive based on its Price-To-Earnings Ratio (33.3x) compared to the Asian Auto industry average (18.8x).

Price to Earnings Ratio vs Fair Ratio

What is BAJAJ-AUTO'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.

BAJAJ-AUTO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.3x
Fair PE Ratio36.2x

Price-To-Earnings vs Fair Ratio: BAJAJ-AUTO is good value based on its Price-To-Earnings Ratio (33.3x) compared to the estimated Fair Price-To-Earnings Ratio (36.2x).

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 BAJAJ-AUTO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹8,778.05
₹10,981.12
+25.1%
19.0%₹14,000.00₹5,007.00n/a41
Dec ’25₹9,033.65
₹10,981.12
+21.6%
19.0%₹14,000.00₹5,007.00n/a41
Nov ’25₹9,875.95
₹10,853.56
+9.9%
19.5%₹14,000.00₹5,007.00n/a43
Oct ’25₹12,157.45
₹9,800.07
-19.4%
20.5%₹14,000.00₹5,007.00n/a42
Sep ’25₹10,891.55
₹9,458.26
-13.2%
17.7%₹12,000.00₹5,007.00n/a42
Aug ’25₹9,730.50
₹9,362.67
-3.8%
17.4%₹12,000.00₹5,007.00n/a43
Jul ’25₹9,532.40
₹8,638.19
-9.4%
17.4%₹11,000.00₹5,007.00n/a42
Jun ’25₹9,084.75
₹8,518.76
-6.2%
17.9%₹10,500.00₹5,007.00n/a42
May ’25₹8,903.65
₹8,518.76
-4.3%
17.9%₹10,500.00₹5,007.00n/a42
Apr ’25₹9,042.15
₹7,336.54
-18.9%
17.2%₹9,400.00₹5,000.00n/a41
Mar ’25₹8,040.05
₹7,204.90
-10.4%
17.1%₹9,400.00₹4,923.00n/a42
Feb ’25₹7,655.75
₹7,105.74
-7.2%
16.2%₹9,000.00₹4,923.00n/a42
Jan ’25₹6,701.10
₹5,698.88
-15.0%
11.7%₹7,450.00₹4,300.00n/a40
Dec ’24₹6,046.05
₹5,549.83
-8.2%
8.9%₹6,400.00₹4,300.00₹9,033.6540
Nov ’24₹5,344.35
₹5,448.64
+2.0%
9.5%₹6,144.00₹4,180.00₹9,875.9542
Oct ’24₹5,063.70
₹5,042.10
-0.4%
8.4%₹5,800.00₹4,000.00₹12,157.4540
Sep ’24₹4,668.45
₹5,014.82
+7.4%
8.8%₹5,800.00₹4,000.00₹10,891.5539
Aug ’24₹4,923.95
₹4,933.23
+0.2%
10.1%₹5,800.00₹3,785.00₹9,730.5040
Jul ’24₹4,691.55
₹4,559.53
-2.8%
8.1%₹5,400.00₹3,785.00₹9,532.4038
Jun ’24₹4,643.60
₹4,552.95
-2.0%
7.9%₹5,223.00₹3,785.00₹9,084.7538
May ’24₹4,431.95
₹4,552.95
+2.7%
7.9%₹5,223.00₹3,785.00₹8,903.6538
Apr ’24₹3,884.75
₹4,193.46
+7.9%
6.6%₹4,564.00₹3,500.00₹9,042.1537
Mar ’24₹3,731.65
₹4,197.67
+12.5%
6.6%₹4,564.00₹3,500.00₹8,040.0539
Feb ’24₹3,811.30
₹4,199.24
+10.2%
6.8%₹4,800.00₹3,500.00₹7,655.7541
Jan ’24₹3,616.05
₹4,056.61
+12.2%
7.9%₹4,800.00₹3,300.00₹6,701.1041
Dec ’23₹3,707.60
₹4,056.61
+9.4%
7.9%₹4,800.00₹3,300.00₹6,046.0541

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 Analysis2024/12/24 00:13
End of Day Share Price 2024/12/24 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