Bajaj Auto
Market Cap
₹940.8b
Last Updated
2019/12/08 12:47 UTC
Data Sources
Company Financials +
Executive Summary
Bajaj Auto Limited develops, manufactures, and distributes automobiles in India.
Rewards
Risk Analysis
No risks detected for BAJAJ-AUTO from our risk checks.
Snowflake Analysis
Outstanding track record with flawless balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Bajaj Auto's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BAJAJ-AUTO has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.1%
BAJAJ-AUTO
-2.6%
IN Auto
-1.3%
IN Market
1 Year Return
16.4%
BAJAJ-AUTO
-6.6%
IN Auto
5.2%
IN Market
Return vs Industry: BAJAJ-AUTO exceeded the Indian Auto industry which returned -6.6% over the past year.
Return vs Market: BAJAJ-AUTO exceeded the Indian Market which returned 5.2% over the past year.
Shareholder returns
| BAJAJ-AUTO | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | -2.6% | -1.3% |
| 30 Day | -0.08% | -4.0% | -0.2% |
| 90 Day | 15.1% | 11.1% | 7.6% |
| 1 Year | 19.0%16.4% | -5.2%-6.6% | 7.2%5.2% |
| 3 Year | 26.9%19.2% | -7.0%-9.8% | 30.3%23.4% |
| 5 Year | 43.0%28.6% | 8.9%3.6% | 39.3%26.8% |
Price Volatility Vs. Market
How volatile is Bajaj Auto's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Kind Of Shareholder Owns Most Bajaj Auto Limited (NSE:BAJAJ-AUTO) Stock?2 weeks ago | Simply Wall St
Did Bajaj Auto Limited (NSE:BAJAJ-AUTO) Insiders Sell Shares?1 month ago | Simply Wall St
Is Bajaj Auto Limited's (NSE:BAJAJ-AUTO) CEO Being Overpaid?Valuation
Is Bajaj Auto undervalued compared to its fair value and its price relative to the market?
18.17x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BAJAJ-AUTO (₹3243.1) is trading above our estimate of fair value (₹1326.66)
Significantly Below Fair Value: BAJAJ-AUTO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BAJAJ-AUTO is poor value based on its PE Ratio (18.2x) compared to the Auto industry average (17.9x).
PE vs Market: BAJAJ-AUTO is poor value based on its PE Ratio (18.2x) compared to the Indian market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: BAJAJ-AUTO is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: BAJAJ-AUTO is overvalued based on its PB Ratio (4x) compared to the IN Auto industry average (2.5x).
Next Steps
Future Growth
How is Bajaj Auto forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
4.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BAJAJ-AUTO's forecast earnings growth (4.2% per year) is below the savings rate (6.5%).
Earnings vs Market: BAJAJ-AUTO's earnings (4.2% per year) are forecast to grow slower than the Indian market (19.8% per year).
High Growth Earnings: BAJAJ-AUTO's earnings are forecast to grow, but not significantly.
Revenue vs Market: BAJAJ-AUTO's revenue (5.4% per year) is forecast to grow slower than the Indian market (11.5% per year).
High Growth Revenue: BAJAJ-AUTO's revenue (5.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BAJAJ-AUTO's Return on Equity is forecast to be low in 3 years time (18.5%).
Next Steps
Past Performance
How has Bajaj Auto performed over the past 5 years?
9.0%
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 (16.3%) are higher than last year (15.1%).
Past Earnings Growth Analysis
Earnings Trend: BAJAJ-AUTO's earnings have grown by 9% per year over the past 5 years.
Accelerating Growth: BAJAJ-AUTO's earnings growth over the past year (15.1%) exceeds its 5-year average (9% per year).
Earnings vs Industry: BAJAJ-AUTO earnings growth over the past year (15.1%) exceeded the Auto industry 6%.
Return on Equity
High ROE: BAJAJ-AUTO's Return on Equity (21.8%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Bajaj Auto's financial position?
Financial Position Analysis
Short Term Liabilities: BAJAJ-AUTO's short term assets (₹79.8B) exceed its short term liabilities (₹43.1B).
Long Term Liabilities: BAJAJ-AUTO's short term assets (₹79.8B) 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 0.8%.
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
Inventory Level: BAJAJ-AUTO has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if BAJAJ-AUTO's debt is covered by short term assets.
Next Steps
Dividend
What is Bajaj Auto's current dividend yield, its reliability and sustainability?
1.85%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BAJAJ-AUTO's dividend (1.85%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: BAJAJ-AUTO's dividend (1.85%) is low compared to the top 25% of dividend payers in the Indian market (2.48%).
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 reasonably low payout ratio (33.6%), BAJAJ-AUTO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BAJAJ-AUTO's dividends in 3 years are forecast to be well covered by earnings (34.4% payout ratio).
Next Steps
Management
What is the CEO of Bajaj Auto's salary, the management and board of directors tenure and is there insider trading?
12.2yrs
Average management tenure
CEO
Rajiv Bajaj (53yo)
14.7yrs
Tenure
₹323,102,040
Compensation
Mr. Rajivnayan Rahulkumar Bajaj also known as Rajiv, is a Director of Bajaj Electricals Limited since May 22, 2019. Mr. Bajaj serves as Managing Director of Bajaj Capital Limited. Mr. Bajaj has been the Ma ...
CEO Compensation Analysis
Compensation vs Market: Rajiv's total compensation ($USD4.52M) is above average for companies of similar size in the Indian market ($USD1.13M).
Compensation vs Earnings: Rajiv's compensation has been consistent with company performance over the past year.
Management Age and Tenure
12.2yrs
Average Tenure
59.5yo
Average Age
Experienced Management: BAJAJ-AUTO's management team is seasoned and experienced (12.2 years average tenure).
Board Age and Tenure
13.3yrs
Average Tenure
66yo
Average Age
Experienced Board: BAJAJ-AUTO's board of directors are seasoned and experienced ( 13.3 years average tenure).
Insider Trading
Insider Buying: BAJAJ-AUTO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Director |
| Shares | 53,000 |
| Max Price | ₹2,952.05 |
| Entity | Company |
| Shares | 53,000 |
| Max Price | ₹2,959.45 |
| Entity | Individual |
| Role | Senior Key Executive President of Retail Finance |
| Shares | 1,000 |
| Max Price | ₹2,608.19 |
| Entity | Individual |
| Role | Chief Executive Officer MD, CEO & Executive Director |
| Shares | 6,400 |
| Max Price | ₹2,886.75 |
| Entity | Individual |
| Role | Chief Executive Officer MD, CEO & Executive Director |
| Shares | 6,400 |
| Max Price | ₹2,895.25 |
| Entity | Company |
| Shares | 615,142 |
| Max Price | ₹3,021.24 |
| Entity | Company |
| Shares | 234,858 |
| Max Price | ₹2,983.82 |
| Entity | Company |
| Shares | 204,000 |
| Max Price | ₹2,953.76 |
| Entity | Company |
| Shares | 500,000 |
| Max Price | ₹2,952.92 |
| Entity | Company |
| Shares | 230,105 |
| Max Price | ₹3,017.44 |
| Entity | Company |
| Shares | 628,437 |
| Max Price | ₹3,013.68 |
| Entity | Company |
| Shares | 506,000 |
| Max Price | ₹2,998.86 |
| Entity | Company |
| Shares | 73,000 |
| Max Price | ₹2,924.60 |
| Entity | Company |
| Shares | 332,188 |
| Max Price | ₹2,902.83 |
| Entity | Company |
| Shares | 661,000 |
| Max Price | ₹2,914.37 |
| Entity | Company |
| Shares | 2,022 |
| Max Price | ₹2,836.60 |
| Entity | Company |
| Shares | 26,227 |
| Max Price | ₹2,777.54 |
| Entity | Company |
| Shares | 433,562 |
| Max Price | ₹2,823.25 |
| Entity | Company |
| Shares | 19,825 |
| Max Price | ₹2,823.89 |
| Entity | Company |
| Shares | 53,486 |
| Max Price | ₹2,825.86 |
| Entity | Company |
| Shares | 17,004 |
| Max Price | ₹2,826.20 |
| Entity | Company |
| Shares | 236,500 |
| Max Price | ₹2,848.91 |
| Entity | Company |
| Shares | 108,855 |
| Max Price | ₹2,847.94 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
J. Sridhar (64yo)
Company Secretary & Compliance Officer
- Tenure: 18.4yrs
- Compensation: ₹16.96m
Rajiv Bajaj (53yo)
MD, CEO & Executive Director
- Tenure: 14.7yrs
- Compensation: ₹323.10m
Rahul Kumar Bajaj (81yo)
Chairman
- Tenure: 0yrs
- Compensation: ₹114.22m
Pradeep Shrivastava (58yo)
Executive Director
- Tenure: 3.7yrs
- Compensation: ₹66.54m
S. Ravikumar (61yo)
Chief Business Development Officer
- Tenure: 0yrs
- Compensation: ₹3.69m
Kevin D'Sa (65yo)
President of Retail Finance
- Tenure: 0yrs
- Compensation: ₹37.53m
Abraham Joseph (51yo)
Chief Technology Officer
- Tenure: 0yrs
Rakesh Sharma (55yo)
Chief Commercial Officer & Executive Director
- Tenure: 1.2yrs
- Compensation: ₹203.85m
Soumen Ray
CFO & President of Finance
- Tenure: 0.6yrs
Ravi Ramasamy
Chief Human Resources Officer
- Tenure: 2.8yrs
Board Members
Doveton Jagannathrao Rao (80yo)
Independent Non-Executive Director
- Tenure: 26.9yrs
- Compensation: ₹4.50m
Shekhar Bajaj (71yo)
Non-Executive Director
- Tenure: 24.9yrs
- Compensation: ₹1.50m
Sanjiv Bajaj (50yo)
Non-Executive Director
- Tenure: 15.7yrs
- Compensation: ₹2.00m
Rajiv Bajaj (53yo)
MD, CEO & Executive Director
- Tenure: 14.7yrs
- Compensation: ₹323.10m
Rahul Kumar Bajaj (81yo)
Chairman
- Tenure: 0yrs
- Compensation: ₹114.22m
Madhur Bajaj (67yo)
Vice Chairman
- Tenure: 2.7yrs
- Compensation: ₹2.00m
Pradeep Shrivastava (58yo)
Executive Director
- Tenure: 3.7yrs
- Compensation: ₹66.54m
Nanoo Pamnani (74yo)
Independent Non-Executive Director
- Tenure: 11.9yrs
- Compensation: ₹6.25m
Niraj Bajaj (65yo)
Non-Executive Director
- Tenure: 13.3yrs
- Compensation: ₹2.00m
Rakesh Sharma (55yo)
Chief Commercial Officer & Executive Director
- Tenure: 1.2yrs
- Compensation: ₹203.85m
Company Information
Bajaj Auto Limited's company bio, 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: ₹940.776b
- Shares outstanding: 289.37m
- Website: https://www.bajajauto.com
Number of Employees
Location
- Bajaj Auto Limited
- Bajaj Auto Ltd. Complex
- Mumbai-Pune Road
- Pune
- Maharashtra
- 411035
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 532977 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | May 2008 |
| BAJAJ-AUTO | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | May 2008 |
Biography
Bajaj Auto Limited develops, manufactures, and distributes automobiles in India. It operates through Automotive and Investments segments. The company offers motorcycles, three and four wheeler commercial v ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/08 12:47 |
| End of Day Share Price | 2019/12/05 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.