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

0/6

Valuation Score 0/6

  • 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.

Discounted Cash Flow
Simply Wall St
₹2.58k
Fair Value
245.6% overvalued intrinsic discount
39
Number of Analysts

Below Fair Value: BAJAJ-AUTO (₹8926.55) is trading above our estimate of fair value (₹2582.93)

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 Ratio33.1x
Earnings₹75.34b
Market Cap₹2.49t

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 Average31.9x
505200 Eicher Motors
35.2x11.7%₹1.5t
532343 TVS Motor
63.8x23.2%₹1.3t
500182 Hero MotoCorp
20.7x12.3%₹857.2b
500570 Tata Motors
8x1.1%₹2.5t
BAJAJ-AUTO Bajaj Auto
33.1x15.3%₹2.5t

Price-To-Earnings vs Peers: BAJAJ-AUTO is expensive based on its Price-To-Earnings Ratio (33.1x) compared to the peer average (31.9x).

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 33.1xIndustry Avg. 19.4xNo. of Companies10PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BAJAJ-AUTO is expensive based on its Price-To-Earnings Ratio (33.1x) compared to the Asian Auto industry average (19.4x).

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 Ratio33.1x
Fair PE Ratio31.6x

Price-To-Earnings vs Fair Ratio: BAJAJ-AUTO is expensive based on its Price-To-Earnings Ratio (33.1x) compared to the estimated Fair Price-To-Earnings Ratio (31.6x).

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₹8,926.55
₹9,875.03
+10.6%
11.8%₹12,584.00₹7,550.00n/a39
Jan ’26₹8,740.55
₹11,130.48
+27.3%
16.9%₹14,000.00₹7,225.00n/a40
Dec ’25₹9,033.65
₹11,130.48
+23.2%
16.9%₹14,000.00₹7,225.00n/a40
Nov ’25₹9,875.95
₹10,992.76
+11.3%
17.6%₹14,000.00₹7,225.00n/a42
Oct ’25₹12,157.45
₹9,916.98
-18.4%
19.1%₹14,000.00₹5,950.00n/a41
Sep ’25₹10,891.55
₹9,566.83
-12.2%
16.1%₹12,000.00₹5,950.00n/a41
Aug ’25₹9,730.50
₹9,466.38
-2.7%
15.9%₹12,000.00₹5,950.00n/a42
Jul ’25₹9,532.40
₹8,726.76
-8.5%
16.1%₹11,000.00₹5,732.00n/a41
Jun ’25₹9,084.75
₹8,604.41
-5.3%
16.8%₹10,500.00₹5,636.00n/a41
May ’25₹8,903.65
₹8,604.41
-3.4%
16.8%₹10,500.00₹5,636.00n/a41
Apr ’25₹9,042.15
₹7,394.78
-18.2%
16.6%₹9,400.00₹5,000.00n/a40
Mar ’25₹8,040.05
₹7,258.51
-9.7%
16.5%₹9,400.00₹4,923.00n/a41
Feb ’25₹7,655.75
₹7,156.93
-6.5%
15.6%₹9,000.00₹4,923.00₹9,155.6041
Jan ’25₹6,701.10
₹5,716.62
-14.7%
11.6%₹7,450.00₹4,300.00₹8,740.5539
Dec ’24₹6,046.05
₹5,563.74
-8.0%
8.8%₹6,400.00₹4,300.00₹9,033.6539
Nov ’24₹5,344.35
₹5,459.41
+2.2%
9.5%₹6,144.00₹4,180.00₹9,875.9541
Oct ’24₹5,063.70
₹5,043.00
-0.4%
8.5%₹5,800.00₹4,000.00₹12,157.4539
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
Analyst Price Target
Consensus Narrative from 39 Analysts
₹9.88k
Fair Value
9.6% undervalued intrinsic discount
39
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/03 18:23
End of Day Share Price 2025/02/03 00:00
Earnings2024/12/31
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 99 analysts. 39 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
Nitin BhasinAmbit Capital
Jinesh GandhiAmbit Capital