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Last Updated on: 22 October, 2025
Author: Getaka|Social: XLinkedIn

Bajaj Auto Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: October 22, 2025, 3:23 am

Market Cap 2,54,627 Cr.
Current Price 9,118
High / Low 10,735/7,088
Stock P/E33.5
Book Value 1,260
Dividend Yield2.30 %
ROCE28.1 %
ROE22.8 %
Face Value 10.0
PEG Ratio6.71

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bajaj Auto Ltd

Competitors of Bajaj Auto Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Hero MotoCorp Ltd 1,12,968 Cr. 5,646 5,694/3,32322.4 9642.92 %30.3 %23.1 % 2.00
Bajaj Auto Ltd 2,54,627 Cr. 9,118 10,735/7,08833.5 1,2602.30 %28.1 %22.8 % 10.0
Atul Auto Ltd 1,378 Cr. 497 694/40759.2 1590.00 %6.48 %4.99 % 5.00
TVS Motor Company Ltd 1,73,801 Cr. 3,658 3,700/2,17073.3 1790.27 %15.4 %28.4 % 1.00
Eicher Motors Ltd 1,92,502 Cr. 7,018 7,124/4,50939.8 7771.00 %29.8 %24.1 % 1.00
Industry Average147,055.20 Cr5,187.4045.64667.801.30%22.02%20.68%3.80

All Competitor Stocks of Bajaj Auto Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 8,00510,2039,3198,92910,31210,83812,16511,55511,93213,24713,16912,64613,133
Expenses 6,7198,4537,5617,2728,3808,7089,7509,2719,56211,17410,41810,28910,340
Operating Profit 1,2861,7501,7571,6571,9322,1302,4152,2842,3702,0732,7512,3582,793
OPM % 16%17%19%19%19%20%20%20%20%16%21%19%21%
Other Income 320532271595351552356444335399348392509
Interest 41181612712304775120147224
Depreciation 68677576879293939598102119118
Profit before tax 1,5342,2031,9452,1602,1842,5842,6662,6062,5642,2992,8762,4842,961
Tax % 24%22%24%21%25%22%24%23%24%40%24%27%25%
Net Profit 1,1631,7191,4731,7051,6442,0202,0332,0111,9421,3852,1961,8022,210
EPS in Rs 40.2059.4252.0560.2558.1171.3971.7872.0569.5549.6178.6264.5279.15

Last Updated: August 20, 2025, 1:15 pm

Below is a detailed analysis of the quarterly data for Bajaj Auto Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

  • For Sales, as of Jun 2025, the value is 13,133.00 Cr.. The value appears strong and on an upward trend. It has increased from 12,646.00 Cr. (Mar 2025) to 13,133.00 Cr., marking an increase of 487.00 Cr..
  • For Expenses, as of Jun 2025, the value is 10,340.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 10,289.00 Cr. (Mar 2025) to 10,340.00 Cr., marking an increase of 51.00 Cr..
  • For Operating Profit, as of Jun 2025, the value is 2,793.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,358.00 Cr. (Mar 2025) to 2,793.00 Cr., marking an increase of 435.00 Cr..
  • For OPM %, as of Jun 2025, the value is 21.00%. The value appears strong and on an upward trend. It has increased from 19.00% (Mar 2025) to 21.00%, marking an increase of 2.00%.
  • For Other Income, as of Jun 2025, the value is 509.00 Cr.. The value appears strong and on an upward trend. It has increased from 392.00 Cr. (Mar 2025) to 509.00 Cr., marking an increase of 117.00 Cr..
  • For Interest, as of Jun 2025, the value is 224.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 147.00 Cr. (Mar 2025) to 224.00 Cr., marking an increase of 77.00 Cr..
  • For Depreciation, as of Jun 2025, the value is 118.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 119.00 Cr. (Mar 2025) to 118.00 Cr., marking a decrease of 1.00 Cr..
  • For Profit before tax, as of Jun 2025, the value is 2,961.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,484.00 Cr. (Mar 2025) to 2,961.00 Cr., marking an increase of 477.00 Cr..
  • For Tax %, as of Jun 2025, the value is 25.00%. The value appears to be improving (decreasing) as expected. It has decreased from 27.00% (Mar 2025) to 25.00%, marking a decrease of 2.00%.
  • For Net Profit, as of Jun 2025, the value is 2,210.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,802.00 Cr. (Mar 2025) to 2,210.00 Cr., marking an increase of 408.00 Cr..
  • For EPS in Rs, as of Jun 2025, the value is 79.15. The value appears strong and on an upward trend. It has increased from 64.52 (Mar 2025) to 79.15, marking an increase of 14.63.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: August 22, 2025, 5:26 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 20,13721,59522,57421,75525,21030,35829,91927,74133,14536,45544,87050,99552,196
Expenses 15,97417,46717,78117,32620,36425,16024,80922,80327,88629,99136,10641,44042,221
Operating Profit 4,1634,1284,7934,4294,8465,1985,1094,9385,2596,4658,7659,5559,975
OPM % 21%19%21%20%19%17%17%18%16%18%20%19%19%
Other Income 6742281,1941,4681,4042,0281,8321,5702,6711,7031,7001,4721,648
Interest 1611143794060389566
Depreciation 181267307307315266246259270286365414437
Profit before tax 4,6554,0835,6795,5885,9336,9566,6926,2417,6527,84210,04010,22410,620
Tax % 31%31%28%27%29%29%22%22%19%23%23%28%
Net Profit 3,3803,0264,0614,0794,2194,9285,2124,8576,1666,0607,7087,3257,593
EPS in Rs 116.82104.56140.35140.98145.80170.29180.11167.85213.08214.17276.10262.29271.90
Dividend Payout % 43%48%39%39%41%35%67%83%66%65%29%80%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-10.47%34.20%0.44%3.43%16.80%5.76%-6.81%26.95%-1.72%27.19%-4.97%
Change in YoY Net Profit Growth (%)0.00%44.68%-33.76%2.99%13.37%-11.04%-12.57%33.76%-28.67%28.91%-32.16%

Bajaj Auto Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:11%
3 Years:15%
TTM:12%
Compounded Profit Growth
10 Years:9%
5 Years:7%
3 Years:10%
TTM:-5%
Stock Price CAGR
10 Years:15%
5 Years:26%
3 Years:32%
1 Year:-17%
Return on Equity
10 Years:23%
5 Years:22%
3 Years:23%
Last Year:23%

Last Updated: September 5, 2025, 12:15 am

Balance Sheet

Last Updated: August 11, 2025, 1:41 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 289289289289289289289289289283279279
Reserves 9,87810,80613,73117,56720,13622,94421,37326,98429,57029,07928,68334,909
Borrowings 591121181201211251261211231241,9129,364
Other Liabilities 5,0814,7583,1023,6614,5955,4764,7226,2075,1295,6518,4709,557
Total Liabilities 15,30815,96617,24021,63825,14128,83426,51033,60235,11135,13639,34454,110
Fixed Assets 2,6602,4482,0262,0021,8781,7641,6991,6681,8362,8423,2173,677
CWIP 14425552425648601677853561
Investments 8,4488,98511,06715,47718,89520,60319,91424,68726,63426,18328,08728,914
Other Assets 4,0564,2774,0954,1174,3126,4204,8377,2326,5646,0268,00521,459
Total Assets 15,30815,96617,24021,63825,14128,83426,51033,60235,11135,13639,34454,110

Below is a detailed analysis of the balance sheet data for Bajaj Auto Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Mar 2025, the value is 279.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 279.00 Cr..
  • For Reserves, as of Mar 2025, the value is 34,909.00 Cr.. The value appears strong and on an upward trend. It has increased from 28,683.00 Cr. (Mar 2024) to 34,909.00 Cr., marking an increase of 6,226.00 Cr..
  • For Borrowings, as of Mar 2025, the value is 9,364.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 1,912.00 Cr. (Mar 2024) to 9,364.00 Cr., marking an increase of 7,452.00 Cr..
  • For Other Liabilities, as of Mar 2025, the value is 9,557.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 8,470.00 Cr. (Mar 2024) to 9,557.00 Cr., marking an increase of 1,087.00 Cr..
  • For Total Liabilities, as of Mar 2025, the value is 54,110.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 39,344.00 Cr. (Mar 2024) to 54,110.00 Cr., marking an increase of 14,766.00 Cr..
  • For Fixed Assets, as of Mar 2025, the value is 3,677.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,217.00 Cr. (Mar 2024) to 3,677.00 Cr., marking an increase of 460.00 Cr..
  • For CWIP, as of Mar 2025, the value is 61.00 Cr.. The value appears strong and on an upward trend. It has increased from 35.00 Cr. (Mar 2024) to 61.00 Cr., marking an increase of 26.00 Cr..
  • For Investments, as of Mar 2025, the value is 28,914.00 Cr.. The value appears strong and on an upward trend. It has increased from 28,087.00 Cr. (Mar 2024) to 28,914.00 Cr., marking an increase of 827.00 Cr..
  • For Other Assets, as of Mar 2025, the value is 21,459.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,005.00 Cr. (Mar 2024) to 21,459.00 Cr., marking an increase of 13,454.00 Cr..
  • For Total Assets, as of Mar 2025, the value is 54,110.00 Cr.. The value appears strong and on an upward trend. It has increased from 39,344.00 Cr. (Mar 2024) to 54,110.00 Cr., marking an increase of 14,766.00 Cr..

Notably, the Reserves (34,909.00 Cr.) exceed the Borrowings (9,364.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-55.00-108.00-114.00-116.00-117.00-120.00-121.00-117.00-118.00-118.007.000.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days141212162231213617181715
Inventory Days172017181616182818221922
Days Payable564349566863568554586466
Cash Conversion Cycle-24-11-20-22-31-17-16-22-19-18-28-29
Working Capital Days-34-22-4-2-21-4-9-0-3-9-30-6
ROCE %50%40%45%35%31%30%30%25%23%27%34%28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters54.84%54.99%54.99%54.99%54.99%54.95%55.06%55.06%55.04%55.04%55.03%55.04%
FIIs11.56%11.82%12.35%13.67%14.37%14.64%14.53%14.19%14.32%12.45%11.61%10.30%
DIIs11.53%10.91%10.79%9.56%9.03%8.66%8.47%8.73%8.67%9.98%10.92%12.01%
Government0.07%0.07%0.07%0.07%0.07%0.07%0.08%0.08%0.08%0.08%0.08%0.08%
Public21.99%22.20%21.79%21.72%21.54%21.67%21.88%21.92%21.89%22.44%22.32%22.53%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.03%
No. of Shareholders2,25,5182,26,8362,09,0762,02,9281,96,5432,00,7952,97,6052,74,9562,69,6983,47,6553,44,3143,58,806

Shareholding Pattern Chart

No. of Shareholders

Bajaj Auto Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Nifty 50 ETF 2,099,770 0.78 1278.882,099,7702025-04-22 17:25:410%
Axis Bluechip Fund 1,160,699 2.22 706.931,160,6992025-04-22 11:41:350%
SBI Blue Chip Fund 895,769 1.34 545.57895,7692025-04-22 17:25:410%
UTI Nifty 50 ETF 574,672 0.78 350.01574,6722025-04-22 17:25:410%
Axis Focused 25 Fund 565,000 2.42 344.12565,0002025-04-22 17:25:410%
ICICI Prudential Bluechip Fund 391,042 0.54 238.17391,0422025-04-22 17:25:410%
HDFC ELSS Tax Saver Fund 385,000 1.92 234.49385,0002025-04-22 17:25:410%
SBI Large & Midcap Fund 362,500 1.29 220.78362,5002025-04-22 17:25:410%
UTI Transportation and Logistic Fund 314,872 7.39 191.77314,8722025-04-22 17:25:410%
UTI Nifty200 Momentum 30 Index Fund 290,894 5.63 177.17290,8942025-04-22 17:25:410%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 262.40272.70212.50213.20167.90
Diluted EPS (Rs.) 262.00272.70212.50213.20167.90
Cash EPS (Rs.) 309.91279.58205.57202.37166.22
Book Value[Excl.RevalReserv]/Share (Rs.) 1260.071037.411037.661031.89942.51
Book Value[Incl.RevalReserv]/Share (Rs.) 1260.071037.411037.661031.89942.51
Revenue From Operations / Share (Rs.) 1826.061607.221288.361145.41958.67
PBDIT / Share (Rs.) 427.63365.27269.93225.80214.30
PBIT / Share (Rs.) 412.80352.20259.83216.48205.33
PBT / Share (Rs.) 391.31350.04258.44244.40205.10
Net Profit / Share (Rs.) 295.07266.52195.47193.05157.26
NP After MI And SOA / Share (Rs.) 262.29276.10214.17213.08167.85
PBDIT Margin (%) 23.4122.7220.9519.7122.35
PBIT Margin (%) 22.6021.9120.1618.8921.41
PBT Margin (%) 21.4221.7720.0521.3321.39
Net Profit Margin (%) 16.1516.5815.1716.8516.40
NP After MI And SOA Margin (%) 14.3617.1716.6218.6017.50
Return on Networth / Equity (%) 20.8126.6120.6320.6417.80
Return on Capital Employeed (%) 27.0532.5024.6120.5921.25
Return On Assets (%) 13.5119.5917.2417.5614.45
Long Term Debt / Equity (X) 0.170.020.000.000.00
Total Debt / Equity (X) 0.260.060.000.000.00
Asset Turnover Ratio (%) 1.091.201.101.010.95
Current Ratio (X) 1.681.301.832.212.51
Quick Ratio (X) 1.501.111.531.952.25
Inventory Turnover Ratio (X) 27.0827.5918.2716.2714.32
Dividend Payout Ratio (NP) (%) 30.4951.3966.8465.700.00
Dividend Payout Ratio (CP) (%) 28.8549.0663.8362.940.00
Earning Retention Ratio (%) 69.5148.6133.1634.300.00
Cash Earning Retention Ratio (%) 71.1550.9436.1737.060.00
Interest Coverage Ratio (X) 30.71168.95193.32754.51931.10
Interest Coverage Ratio (Post Tax) (X) 22.73124.27140.99551.79684.29
Enterprise Value (Cr.) 226289.42256137.91109206.95104734.34105709.15
EV / Net Operating Revenue (X) 4.445.713.003.163.81
EV / EBITDA (X) 18.9525.1214.3016.0317.05
MarketCap / Net Operating Revenue (X) 4.315.693.013.193.83
Retention Ratios (%) 69.5048.6033.1534.290.00
Price / BV (X) 6.258.823.743.543.90
Price / Net Operating Revenue (X) 4.315.693.013.193.83
EarningsYield 0.030.030.050.050.04

After reviewing the key financial ratios for Bajaj Auto Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 262.40. This value is within the healthy range. It has decreased from 272.70 (Mar 24) to 262.40, marking a decrease of 10.30.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 262.00. This value is within the healthy range. It has decreased from 272.70 (Mar 24) to 262.00, marking a decrease of 10.70.
  • For Cash EPS (Rs.), as of Mar 25, the value is 309.91. This value is within the healthy range. It has increased from 279.58 (Mar 24) to 309.91, marking an increase of 30.33.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 1,260.07. It has increased from 1,037.41 (Mar 24) to 1,260.07, marking an increase of 222.66.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 1,260.07. It has increased from 1,037.41 (Mar 24) to 1,260.07, marking an increase of 222.66.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 1,826.06. It has increased from 1,607.22 (Mar 24) to 1,826.06, marking an increase of 218.84.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 427.63. This value is within the healthy range. It has increased from 365.27 (Mar 24) to 427.63, marking an increase of 62.36.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 412.80. This value is within the healthy range. It has increased from 352.20 (Mar 24) to 412.80, marking an increase of 60.60.
  • For PBT / Share (Rs.), as of Mar 25, the value is 391.31. This value is within the healthy range. It has increased from 350.04 (Mar 24) to 391.31, marking an increase of 41.27.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 295.07. This value is within the healthy range. It has increased from 266.52 (Mar 24) to 295.07, marking an increase of 28.55.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 262.29. This value is within the healthy range. It has decreased from 276.10 (Mar 24) to 262.29, marking a decrease of 13.81.
  • For PBDIT Margin (%), as of Mar 25, the value is 23.41. This value is within the healthy range. It has increased from 22.72 (Mar 24) to 23.41, marking an increase of 0.69.
  • For PBIT Margin (%), as of Mar 25, the value is 22.60. This value exceeds the healthy maximum of 20. It has increased from 21.91 (Mar 24) to 22.60, marking an increase of 0.69.
  • For PBT Margin (%), as of Mar 25, the value is 21.42. This value is within the healthy range. It has decreased from 21.77 (Mar 24) to 21.42, marking a decrease of 0.35.
  • For Net Profit Margin (%), as of Mar 25, the value is 16.15. This value exceeds the healthy maximum of 10. It has decreased from 16.58 (Mar 24) to 16.15, marking a decrease of 0.43.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 14.36. This value is within the healthy range. It has decreased from 17.17 (Mar 24) to 14.36, marking a decrease of 2.81.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 20.81. This value is within the healthy range. It has decreased from 26.61 (Mar 24) to 20.81, marking a decrease of 5.80.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 27.05. This value is within the healthy range. It has decreased from 32.50 (Mar 24) to 27.05, marking a decrease of 5.45.
  • For Return On Assets (%), as of Mar 25, the value is 13.51. This value is within the healthy range. It has decreased from 19.59 (Mar 24) to 13.51, marking a decrease of 6.08.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.17. This value is below the healthy minimum of 0.2. It has increased from 0.02 (Mar 24) to 0.17, marking an increase of 0.15.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.26. This value is within the healthy range. It has increased from 0.06 (Mar 24) to 0.26, marking an increase of 0.20.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.09. It has decreased from 1.20 (Mar 24) to 1.09, marking a decrease of 0.11.
  • For Current Ratio (X), as of Mar 25, the value is 1.68. This value is within the healthy range. It has increased from 1.30 (Mar 24) to 1.68, marking an increase of 0.38.
  • For Quick Ratio (X), as of Mar 25, the value is 1.50. This value is within the healthy range. It has increased from 1.11 (Mar 24) to 1.50, marking an increase of 0.39.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 27.08. This value exceeds the healthy maximum of 8. It has decreased from 27.59 (Mar 24) to 27.08, marking a decrease of 0.51.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 30.49. This value is within the healthy range. It has decreased from 51.39 (Mar 24) to 30.49, marking a decrease of 20.90.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 28.85. This value is within the healthy range. It has decreased from 49.06 (Mar 24) to 28.85, marking a decrease of 20.21.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 69.51. This value is within the healthy range. It has increased from 48.61 (Mar 24) to 69.51, marking an increase of 20.90.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 71.15. This value exceeds the healthy maximum of 70. It has increased from 50.94 (Mar 24) to 71.15, marking an increase of 20.21.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 30.71. This value is within the healthy range. It has decreased from 168.95 (Mar 24) to 30.71, marking a decrease of 138.24.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 22.73. This value is within the healthy range. It has decreased from 124.27 (Mar 24) to 22.73, marking a decrease of 101.54.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 226,289.42. It has decreased from 256,137.91 (Mar 24) to 226,289.42, marking a decrease of 29,848.49.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 4.44. This value exceeds the healthy maximum of 3. It has decreased from 5.71 (Mar 24) to 4.44, marking a decrease of 1.27.
  • For EV / EBITDA (X), as of Mar 25, the value is 18.95. This value exceeds the healthy maximum of 15. It has decreased from 25.12 (Mar 24) to 18.95, marking a decrease of 6.17.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 4.31. This value exceeds the healthy maximum of 3. It has decreased from 5.69 (Mar 24) to 4.31, marking a decrease of 1.38.
  • For Retention Ratios (%), as of Mar 25, the value is 69.50. This value is within the healthy range. It has increased from 48.60 (Mar 24) to 69.50, marking an increase of 20.90.
  • For Price / BV (X), as of Mar 25, the value is 6.25. This value exceeds the healthy maximum of 3. It has decreased from 8.82 (Mar 24) to 6.25, marking a decrease of 2.57.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 4.31. This value exceeds the healthy maximum of 3. It has decreased from 5.69 (Mar 24) to 4.31, marking a decrease of 1.38.
  • For EarningsYield, as of Mar 25, the value is 0.03. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bajaj Auto Ltd as of October 26, 2025 is: 7,876.18

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of October 26, 2025, Bajaj Auto Ltd is Overvalued by 13.62% compared to the current share price 9,118.00

Intrinsic Value of Bajaj Auto Ltd as of October 26, 2025 is: 8,269.68

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of October 26, 2025, Bajaj Auto Ltd is Overvalued by 9.30% compared to the current share price 9,118.00

Last 5 Year EPS CAGR: 5.00%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 33.17%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -12.00, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -21.42, which is a positive sign.
  4. The company has higher reserves (22,138.33 cr) compared to borrowings (1,035.42 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (31.54 cr) and profit (6.54 cr) over the years.

    Stock Analysis

    • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bajaj Auto Ltd:
      1. Net Profit Margin: 16.15%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: 27.05% (Industry Average ROCE: 22.02%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. ROE%: 20.81% (Industry Average ROE: 20.68%)
        • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
      4. Interest Coverage Ratio (Post Tax): 22.73
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      5. Quick Ratio: 1.5
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      6. Stock P/E: 33.5 (Industry average Stock P/E: 45.64)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      7. Total Debt / Equity: 0.26
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
      Stock Rating:

    About the Company - Qualitative Analysis

    Bajaj Auto Ltd. is a Public Limited Listed company incorporated on 30/04/2007 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65993PN2007PLC130076 and registration number is 130076. Currently Company is involved in the business activities of Manufacture of motorcycles. Company's Total Operating Revenue is Rs. 50010.31 Cr. and Equity Capital is Rs. 279.26 Cr. for the Year ended 31/03/2025.
    INDUSTRYADDRESSCONTACT
    Auto - 2 & 3 WheelersMumbai-Pune Road, Mumbai Maharashtra 411035investors@bajajauto.co.in
    http://www.bajajauto.com
    Management
    NamePosition Held
    Mr. Niraj BajajChairman
    Mr. Rajiv BajajManaging Director & CEO
    Mr. Pradeep ShrivastavaExecutive Director
    Mr. Rakesh SharmaExecutive Director
    Mr. Abhinav BindraDirector
    Mr. Sanjiv BajajDirector
    Ms. Vinita BaliDirector
    Mr. Anami N RoyDirector
    Dr. Naushad ForbesDirector
    Mr. Pradip ShahDirector
    Dr. Sangita ReddyDirector

    FAQ

    What is the intrinsic value of Bajaj Auto Ltd?

    Bajaj Auto Ltd's intrinsic value (as of 25 October 2025) is 7876.18 which is 13.62% lower the current market price of 9,118.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 2,54,627 Cr. market cap, FY2025-2026 high/low of 10,735/7,088, reserves of ₹34,909 Cr, and liabilities of 54,110 Cr.

    What is the Market Cap of Bajaj Auto Ltd?

    The Market Cap of Bajaj Auto Ltd is 2,54,627 Cr..

    What is the current Stock Price of Bajaj Auto Ltd as on 25 October 2025?

    The current stock price of Bajaj Auto Ltd as on 25 October 2025 is 9,118.

    What is the High / Low of Bajaj Auto Ltd stocks in FY 2025-2026?

    In FY 2025-2026, the High / Low of Bajaj Auto Ltd stocks is 10,735/7,088.

    What is the Stock P/E of Bajaj Auto Ltd?

    The Stock P/E of Bajaj Auto Ltd is 33.5.

    What is the Book Value of Bajaj Auto Ltd?

    The Book Value of Bajaj Auto Ltd is 1,260.

    What is the Dividend Yield of Bajaj Auto Ltd?

    The Dividend Yield of Bajaj Auto Ltd is 2.30 %.

    What is the ROCE of Bajaj Auto Ltd?

    The ROCE of Bajaj Auto Ltd is 28.1 %.

    What is the ROE of Bajaj Auto Ltd?

    The ROE of Bajaj Auto Ltd is 22.8 %.

    What is the Face Value of Bajaj Auto Ltd?

    The Face Value of Bajaj Auto Ltd is 10.0.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bajaj Auto Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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