Bajaj Auto
Market Cap
₹918.3b
Last Updated
2020/11/29 12:00 UTC
Data Sources
Company Financials +
Executive Summary
Bajaj Auto Limited, together with its subsidiaries, develops, manufactures, and distributes automobiles in India. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet established dividend payer.
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 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.
Market Performance
7 Day Return
3.8%
BAJAJ-AUTO
2.0%
IN Auto
1.8%
IN Market
1 Year Return
-0.08%
BAJAJ-AUTO
7.2%
IN Auto
7.9%
IN Market
Return vs Industry: BAJAJ-AUTO underperformed the Indian Auto industry which returned 7.2% over the past year.
Return vs Market: BAJAJ-AUTO underperformed the Indian Market which returned 7.9% over the past year.
Shareholder returns
| BAJAJ-AUTO | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.8% | 2.0% | 1.8% |
| 30 Day | 9.9% | 10.0% | 10.9% |
| 90 Day | 7.0% | 6.6% | 9.8% |
| 1 Year | 4.4%-0.08% | 8.9%7.2% | 10.0%7.9% |
| 3 Year | 7.6%-1.3% | -17.1%-20.0% | 8.1%2.8% |
| 5 Year | 46.2%28.4% | 20.3%14.1% | 55.3%43.6% |
Long-Term 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
5 days ago | Simply Wall St
Does Bajaj Auto's (NSE:BAJAJ-AUTO) Share Price Gain of 24% Match Its Business Performance?2 weeks ago | Simply Wall St
What Does Bajaj Auto's (NSE:BAJAJ-AUTO) CEO Pay Reveal?4 weeks ago | Simply Wall St
The Returns At Bajaj Auto (NSE:BAJAJ-AUTO) Provide Us With Signs Of What's To ComeValuation
Is Bajaj Auto undervalued compared to its fair value and its price relative to the market?
21.52x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BAJAJ-AUTO (₹3173.55) is trading above our estimate of fair value (₹816.84)
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 (21.5x) compared to the IN Auto industry average (38.9x).
PE vs Market: BAJAJ-AUTO is poor value based on its PE Ratio (21.5x) compared to the Indian market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: BAJAJ-AUTO is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: BAJAJ-AUTO's PB Ratio (3.9x) is in line with the IN Auto industry average.
Next Steps
Future Growth
How is Bajaj Auto forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
19.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BAJAJ-AUTO's forecast earnings growth (19% per year) is above the savings rate (7.2%).
Earnings vs Market: BAJAJ-AUTO's earnings (19% per year) are forecast to grow slower than the Indian market (24.5% per year).
High Growth Earnings: BAJAJ-AUTO's earnings are forecast to grow, but not significantly.
Revenue vs Market: BAJAJ-AUTO's revenue (15.5% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: BAJAJ-AUTO's revenue (15.5% 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 high in 3 years time (24.5%)
Next Steps
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 (16.4%) are higher than last year (16.3%).
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 has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BAJAJ-AUTO had negative earnings growth (-17.4%) over the past year, making it difficult to compare to the Auto industry average (-33.7%).
Return on Equity
High ROE: BAJAJ-AUTO's Return on Equity (18%) is considered low.
Next Steps
Financial Health
How is Bajaj Auto's financial position?
Financial Position Analysis
Short Term Liabilities: BAJAJ-AUTO's short term assets (₹139.5B) exceed its short term liabilities (₹49.8B).
Long Term Liabilities: BAJAJ-AUTO's short term assets (₹139.5B) exceed its long term liabilities (₹7.0B).
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 0.4%.
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
Next Steps
Dividend
What is Bajaj Auto current dividend yield, its reliability and sustainability?
3.78%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BAJAJ-AUTO's dividend (3.78%) is higher than the bottom 25% of dividend payers in the Indian market (0.52%).
High Dividend: BAJAJ-AUTO's dividend (3.78%) is in the top 25% of dividend payers in the Indian market (2.1%)
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: Unable to calculate sustainability of dividends as BAJAJ-AUTO has not reported any payouts.
Future Payout to Shareholders
Future Dividend Coverage: BAJAJ-AUTO's dividends in 3 years are forecast to be covered by earnings (76.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
13.1yrs
Average management tenure
CEO
Rajiv Bajaj (54 yo)
15.58yrs
Tenure
₹398,636,673
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 ($USD5.38M) is above average for companies of similar size in the Indian market ($USD945.39K).
Compensation vs Earnings: Rajiv's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Executive Director | 15.58yrs | ₹398.64m | 0.34% ₹ 3.1b | |
| CFO & President of Finance | 1.5yrs | ₹48.94m | no data | |
| Company Secretary & Compliance Officer | 19.33yrs | ₹20.48m | no data | |
| Executive Director | 4.58yrs | ₹78.60m | 0.000030% ₹ 275.5k | |
| Chief Commercial Officer & Executive Director | 2.08yrs | ₹73.55m | no data | |
| Chief Technology Officer | no data | no data | no data | |
| Head of Marketing | 0.33yr | no data | no data | |
| Chief Human Resources Officer | 3.67yrs | no data | no data | |
| Chief Business Development Officer | no data | ₹3.69m | no data | |
| President of Commercial Vehicle Business | 13.33yrs | no data | no data | |
| President of Retail Finance | no data | ₹37.53m | 0.0019% ₹ 17.8m | |
| President of Urbanite Business | no data | no data | no data |
13.1yrs
Average Tenure
60.5yo
Average Age
Experienced Management: BAJAJ-AUTO's management team is seasoned and experienced (13.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Executive Director | 15.58yrs | ₹398.64m | 0.34% ₹ 3.1b | |
| Executive Director | 4.58yrs | ₹78.60m | 0.000030% ₹ 275.5k | |
| Chief Commercial Officer & Executive Director | 2.08yrs | ₹73.55m | no data | |
| Independent Non-Executive Director | 27.83yrs | ₹5.25m | no data | |
| Non-Executive Director | 25.83yrs | ₹2.45m | 0.0078% ₹ 71.4m | |
| Non-Executive Director | 16.58yrs | ₹2.80m | 0.21% ₹ 2.0b | |
| Non-Executive Chairman | no data | ₹116.07m | 1.15% ₹ 10.6b | |
| Vice Chairman | 3.58yrs | ₹1.75m | 1.15% ₹ 10.5b | |
| Independent Non-Executive Director | 3.5yrs | ₹4.55m | 0.0012% ₹ 11.1m | |
| Non-Executive Director | 14.17yrs | ₹2.45m | 1.75% ₹ 16.1b | |
| Independent Non-Executive Director | 5.58yrs | ₹5.60m | no data | |
| Non-Executive Independent Director | 3.17yrs | ₹2.45m | no data |
5.6yrs
Average Tenure
66yo
Average Age
Experienced Board: BAJAJ-AUTO's board of directors are considered experienced (5.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 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: ₹918.321b
- 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
| 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, together with its subsidiaries, develops, manufactures, and distributes automobiles in India. It operates through two segments, Automotive and Investments. The company offers motorcycle...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/29 12:00 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.