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Last Updated: February 12, 2026, 8:25 pm
Author: Getaka|Social: XLinkedIn

Bajaj Auto Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: February 12, 2026, 8:25 pm

Market Cap 2,75,076 Cr.
Current Price 9,840
Intrinsic Value₹7,505.36
High / Low 9,941/7,088
Stock P/E30.8
Book Value 1,223
Dividend Yield2.13 %
ROCE28.1 %
ROE22.8 %
Face Value 10.0
PEG Ratio4.43

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

View Share Price Target for Bajaj Auto Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Hero MotoCorp Ltd 1,14,732 Cr. 5,733 6,390/3,32320.7 1,0502.88 %30.3 %23.1 % 2.00
Bajaj Auto Ltd 2,75,076 Cr. 9,840 9,941/7,08830.8 1,2232.13 %28.1 %22.8 % 10.0
Atul Auto Ltd 1,422 Cr. 512 554/38139.9 1630.00 %6.48 %4.99 % 5.00
TVS Motor Company Ltd 1,84,403 Cr. 3,881 3,909/2,19163.2 1710.26 %15.4 %28.4 % 1.00
Eicher Motors Ltd 2,17,818 Cr. 7,943 7,968/4,64440.3 8050.88 %29.8 %24.1 % 1.00
Industry Average158,690.20 Cr5,581.8038.98682.401.23%22.02%20.68%3.80

All Competitor Stocks of Bajaj Auto Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 9,3198,92910,31210,83812,16511,55511,93213,24713,16912,64613,13315,73516,204
Expenses 7,5617,2728,3808,7089,7509,2719,56211,17410,41810,28910,34012,90612,475
Operating Profit 1,7571,6571,9322,1302,4152,2842,3702,0732,7512,3582,7932,8293,730
OPM % 19%19%19%20%20%20%20%16%21%19%21%18%23%
Other Income 271595351552356444335399348392509576359
Interest 81612712304775120147224287314
Depreciation 7576879293939598102119118119119
Profit before tax 1,9452,1602,1842,5842,6662,6062,5642,2992,8762,4842,9612,9993,656
Tax % 24%21%25%22%24%23%24%40%24%27%25%29%25%
Net Profit 1,4731,7051,6442,0202,0332,0111,9421,3852,1961,8022,2102,1222,750
EPS in Rs 52.0560.2558.1171.3971.7872.0569.5549.6178.6264.5279.1575.9998.38

Last Updated: February 6, 2026, 2:46 pm

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

  • For Sales, as of Dec 2025, the value is 16,204.00 Cr.. The value appears strong and on an upward trend. It has increased from 15,735.00 Cr. (Sep 2025) to 16,204.00 Cr., marking an increase of 469.00 Cr..
  • For Expenses, as of Dec 2025, the value is 12,475.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 12,906.00 Cr. (Sep 2025) to 12,475.00 Cr., marking a decrease of 431.00 Cr..
  • For Operating Profit, as of Dec 2025, the value is 3,730.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,829.00 Cr. (Sep 2025) to 3,730.00 Cr., marking an increase of 901.00 Cr..
  • For OPM %, as of Dec 2025, the value is 23.00%. The value appears strong and on an upward trend. It has increased from 18.00% (Sep 2025) to 23.00%, marking an increase of 5.00%.
  • For Other Income, as of Dec 2025, the value is 359.00 Cr.. The value appears to be declining and may need further review. It has decreased from 576.00 Cr. (Sep 2025) to 359.00 Cr., marking a decrease of 217.00 Cr..
  • For Interest, as of Dec 2025, the value is 314.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 287.00 Cr. (Sep 2025) to 314.00 Cr., marking an increase of 27.00 Cr..
  • For Depreciation, as of Dec 2025, the value is 119.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 119.00 Cr..
  • For Profit before tax, as of Dec 2025, the value is 3,656.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,999.00 Cr. (Sep 2025) to 3,656.00 Cr., marking an increase of 657.00 Cr..
  • For Tax %, as of Dec 2025, the value is 25.00%. The value appears to be improving (decreasing) as expected. It has decreased from 29.00% (Sep 2025) to 25.00%, marking a decrease of 4.00%.
  • For Net Profit, as of Dec 2025, the value is 2,750.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,122.00 Cr. (Sep 2025) to 2,750.00 Cr., marking an increase of 628.00 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 98.38. The value appears strong and on an upward trend. It has increased from 75.99 (Sep 2025) to 98.38, marking an increase of 22.39.

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: December 15, 2025, 5:36 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 20,13721,59522,57421,75525,21030,35829,91927,74133,14536,45544,87050,99554,683
Expenses 15,97417,46717,78117,32620,36425,16024,80922,80327,88629,99136,10641,44043,953
Operating Profit 4,1634,1284,7934,4294,8465,1985,1094,9385,2596,4658,7659,55510,730
OPM % 21%19%21%20%19%17%17%18%16%18%20%19%20%
Other Income 6742281,1941,4681,4042,0281,8321,5702,6711,7031,7001,4721,825
Interest 1611143794060389777
Depreciation 181267307307315266246259270286365414457
Profit before tax 4,6554,0835,6795,5885,9336,9566,6926,2417,6527,84210,04010,22411,320
Tax % 31%31%28%27%29%29%22%22%19%23%23%28%
Net Profit 3,3803,0264,0614,0794,2194,9285,2124,8576,1666,0607,7087,3258,330
EPS in Rs 116.82104.56140.35140.98145.80170.29180.11167.85213.08214.17276.10262.29298.28
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: December 4, 2025, 1:00 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 289289289289289289289289289283279279279
Reserves 9,87810,80613,73117,56720,13622,94421,37326,98429,57029,07928,68334,90933,891
Borrowings 591121181201211251261211231241,9129,36419,693
Other Liabilities 5,0814,7583,1023,6614,5955,4764,7226,2075,1295,6518,4709,55711,593
Total Liabilities 15,30815,96617,24021,63825,14128,83426,51033,60235,11135,13639,34454,11065,456
Fixed Assets 2,6602,4482,0262,0021,8781,7641,6991,6681,8362,8423,2173,6773,661
CWIP 1442555242564860167785356158
Investments 8,4488,98511,06715,47718,89520,60319,91424,68726,63426,18328,08728,91428,973
Other Assets 4,0564,2774,0954,1174,3126,4204,8377,2326,5646,0268,00521,45932,764
Total Assets 15,30815,96617,24021,63825,14128,83426,51033,60235,11135,13639,34454,11065,456

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

  • For Equity Capital, as of Sep 2025, the value is 279.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 279.00 Cr..
  • For Reserves, as of Sep 2025, the value is 33,891.00 Cr.. The value appears to be declining and may need further review. It has decreased from 34,909.00 Cr. (Mar 2025) to 33,891.00 Cr., marking a decrease of 1,018.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 19,693.00 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 9,364.00 Cr. (Mar 2025) to 19,693.00 Cr., marking an increase of 10,329.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 11,593.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,557.00 Cr. (Mar 2025) to 11,593.00 Cr., marking an increase of 2,036.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 65,456.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 54,110.00 Cr. (Mar 2025) to 65,456.00 Cr., marking an increase of 11,346.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 3,661.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3,677.00 Cr. (Mar 2025) to 3,661.00 Cr., marking a decrease of 16.00 Cr..
  • For CWIP, as of Sep 2025, the value is 58.00 Cr.. The value appears to be declining and may need further review. It has decreased from 61.00 Cr. (Mar 2025) to 58.00 Cr., marking a decrease of 3.00 Cr..
  • For Investments, as of Sep 2025, the value is 28,973.00 Cr.. The value appears strong and on an upward trend. It has increased from 28,914.00 Cr. (Mar 2025) to 28,973.00 Cr., marking an increase of 59.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 32,764.00 Cr.. The value appears strong and on an upward trend. It has increased from 21,459.00 Cr. (Mar 2025) to 32,764.00 Cr., marking an increase of 11,305.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 65,456.00 Cr.. The value appears strong and on an upward trend. It has increased from 54,110.00 Cr. (Mar 2025) to 65,456.00 Cr., marking an increase of 11,346.00 Cr..

Notably, the Reserves (33,891.00 Cr.) exceed the Borrowings (19,693.00 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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +3,5022,1143,6903,2674,3282,4873,8503,1204,1975,2776,558-1,406
Cash from Investing Activity +-2,072-380-68-3,610-1,954-2731,766-2,8692761,211-72-1,053
Cash from Financing Activity +-1,496-1,644-3,384-190-1,885-2,074-6,247-20-4,056-7,181-6,1674,230
Net Cash Flow-6690238-532488140-630231417-6923191,771

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

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters54.99%54.99%54.99%54.99%54.95%55.06%55.06%55.04%55.04%55.03%55.04%55.04%
FIIs11.82%12.35%13.67%14.37%14.64%14.53%14.19%14.32%12.45%11.61%10.30%9.66%
DIIs10.91%10.79%9.56%9.03%8.66%8.47%8.73%8.67%9.98%10.92%12.01%12.78%
Government0.07%0.07%0.07%0.07%0.07%0.08%0.08%0.08%0.08%0.08%0.08%0.00%
Public22.20%21.79%21.72%21.54%21.67%21.88%21.92%21.89%22.44%22.32%22.53%22.51%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.03%0.01%
No. of Shareholders2,26,8362,09,0762,02,9281,96,5432,00,7952,97,6052,74,9562,69,6983,47,6553,44,3143,58,8063,57,666

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
HDFC Flexi Cap Fund 2,000,000 1.94 1868.6N/AN/AN/A
HDFC Large Cap Fund 1,195,927 2.75 1117.35N/AN/AN/A
ICICI Prudential Multi Asset Fund 697,835 0.83 651.99393,8692026-01-25 05:15:5777.17%
SBI Contra Fund 651,816 1.22 608.99N/AN/AN/A
HDFC Focused Fund 600,000 2.11 560.58N/AN/AN/A
HDFC ELSS Tax Saver Fund 475,000 2.59 443.79385,0002025-12-08 01:28:3623.38%
ICICI Prudential Large Cap Fund 438,370 0.52 409.57289,7002025-12-15 01:15:5851.32%
Aditya Birla Sun Life Large Cap Fund 410,218 1.22 383.27N/AN/AN/A
HDFC Balanced Advantage Fund 391,786 0.34 366.05N/AN/AN/A
Aditya Birla Sun Life Flexi Cap Fund 311,078 1.16 290.64N/AN/AN/A

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 February 13, 2026 is: ₹7,017.06

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 February 13, 2026, Bajaj Auto Ltd is Overvalued by 28.69% compared to the current share price ₹9,840.00

Intrinsic Value of Bajaj Auto Ltd as of February 13, 2026 is: ₹7,505.36

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 February 13, 2026, Bajaj Auto Ltd is Overvalued by 23.73% compared to the current share price ₹9,840.00

Last 5 Year EPS CAGR: 6.96%

*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 (23,042.38 cr) compared to borrowings (2,470.62 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (31.69 cr) and profit (6.62 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: 30.8 (Industry average Stock P/E: 38.98)
        • 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 411035Contact not found
    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 12 February 2026) is ₹7505.36 which is 23.73% lower the current market price of ₹9,840.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹2,75,076 Cr. market cap, FY2025-2026 high/low of ₹9,941/7,088, reserves of ₹33,891 Cr, and liabilities of ₹65,456 Cr.

    What is the Market Cap of Bajaj Auto Ltd?

    The Market Cap of Bajaj Auto Ltd is 2,75,076 Cr..

    What is the current Stock Price of Bajaj Auto Ltd as on 12 February 2026?

    The current stock price of Bajaj Auto Ltd as on 12 February 2026 is ₹9,840.

    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 ₹9,941/7,088.

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

    The Stock P/E of Bajaj Auto Ltd is 30.8.

    What is the Book Value of Bajaj Auto Ltd?

    The Book Value of Bajaj Auto Ltd is 1,223.

    What is the Dividend Yield of Bajaj Auto Ltd?

    The Dividend Yield of Bajaj Auto Ltd is 2.13 %.

    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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