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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Bajaj Auto Ltd

About the Company - Bajaj Auto Ltd

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. 33144.71 Cr. and Equity Capital is Rs. 289.37 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto - 2 & 3 WheelersMumbai-Pune Road, Mumbai Maharashtra 411035investors@bajajauto.co.in
http://www.bajajauto.com
Management
NamePosition Held
Mr. Niraj BajajChairman
Mr. Madhur BajajVice Chairman
Mr. Rajiv BajajManaging Director & CEO
Mr. Pradeep ShrivastavaExecutive Director
Mr. Rakesh SharmaExecutive Director
Mr. Abhinav BindraDirector
Mr. Sanjiv BajajDirector
Mr. Anami RoyDirector
Ms. Lila PoonawallaDirector
Mr. Pradip ShahDirector
Dr. Naushad ForbesDirector
Mr. D J Balaji RaoDirector

Bajaj Auto Ltd. Share Price Update

Share PriceValue
Today₹9,070.70
Previous Day₹9,003.00

Basic Stock Data of Bajaj Auto Ltd

Last Updated: April 10, 2024, 3:24 am

Market Cap 2,55,669 Cr.
Current Price 9,028
High / Low9,358/4,030
Stock P/E34.5
Book Value 1,036
Dividend Yield1.54 %
ROCE26.2 %
ROE20.2 %
Face Value 10.0

Data Source: screener.in

Competitors of Bajaj Auto Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hero MotoCorp Ltd 88,781 Cr. 4,4414,980/2,42023.9 8842.25 %22.7 %16.7 % 2.00
TVS Motor Company Ltd 99,282 Cr. 2,0902,314/1,08060.7 1330.38 %13.2 %25.6 % 1.00
Industry Average94,031.50 Cr3,265.5042.30508.501.32%17.95%21.15%1.50

Bajaj Auto Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales8,9108,5967,3868,7629,0227,9758,00510,2039,3198,92910,31210,83812,165
Expenses7,1817,0746,2687,3627,6506,6146,7198,4537,5617,2728,3808,7089,750
Operating Profit1,7291,5221,1181,4001,3711,3611,2861,7501,7571,6571,9322,1302,415
OPM %19%18%15%16%15%17%16%17%19%19%19%20%20%
Other Income5305054401,085489666320532271595351552356
Interest12222341181612712
Depreciation65666466707068677576879293
Profit before tax2,1931,9591,4922,4171,7881,9541,5342,2031,9452,1602,1842,5842,666
Tax %22%21%22%16%20%22%24%22%24%21%25%22%24%
Net Profit1,7161,5511,1702,0401,4301,5261,1631,7191,4731,7051,6442,0202,033
EPS in Rs59.3153.6140.4470.4949.4152.7440.2059.4252.0560.2558.1171.3971.78

Last Updated: April 6, 2024, 9:30 am

Bajaj Auto Ltd Quarterly Chart

Bajaj Auto Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales19,58220,02520,13721,59522,57421,75525,21030,35829,91927,74133,14536,45542,245
Expenses15,90116,37015,97417,46717,78117,32620,36425,16024,80922,80327,88629,99134,110
Operating Profit3,6813,6564,1634,1284,7934,4294,8465,1985,1094,9385,2596,4658,135
OPM %19%18%21%19%21%20%19%17%17%18%16%18%19%
Other Income5027906742281,1941,4681,4042,0281,8321,5702,6711,7031,854
Interest2311611143794046
Depreciation147168181267307307315266246259270286348
Profit before tax4,0134,2774,6554,0835,6795,5885,9336,9566,6926,2417,6527,8429,594
Tax %25%29%31%31%28%27%29%29%22%22%19%23%
Net Profit3,0483,1333,3803,0264,0614,0794,2194,9285,2124,8576,1666,0607,402
EPS in Rs105.35108.26116.82104.56140.35140.98145.80170.29180.11167.85213.08214.17261.53
Dividend Payout %43%42%43%48%39%39%41%35%67%83%66%65%

Bajaj Auto Ltd Profit & Loss Yearly Chart

Bajaj Auto Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:8%
3 Years:7%
TTM:19%
Compounded Profit Growth
10 Years:7%
5 Years:7%
3 Years:5%
TTM:31%
Stock Price CAGR
10 Years:16%
5 Years:24%
3 Years:35%
1 Year:115%
Return on Equity
10 Years:23%
5 Years:21%
3 Years:20%
Last Year:20%

Bajaj Auto Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital289289289289289289289289289289289283283
Reserves5,7927,7769,87810,80613,73117,56720,13622,94421,37326,98429,57029,07929,048
Borrowings15011659112118120121125126121123124125
Other Liabilities4,8944,4615,0814,7583,1023,6614,5955,4764,7226,2075,1295,6517,011
Total Liabilities11,12612,64215,30815,96617,24021,63825,14128,83426,51033,60235,11135,13636,467
Fixed Assets1,9202,3552,6602,4482,0262,0021,8781,7641,6991,6681,8362,8422,944
CWIP42294144255524256486016778552
Investments4,4736,0598,4488,98511,06715,47718,89520,60319,91424,68726,63426,18326,304
Other Assets4,6923,9344,0564,2774,0954,1174,3126,4204,8377,2326,5646,0267,167
Total Assets11,12612,64215,30815,96617,24021,63825,14128,83426,51033,60235,11135,13636,467

Bajaj Auto Ltd Reserves and Borrowings Chart

Bajaj Auto Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3,2462,2183,5022,1143,6903,2674,3282,4873,8503,1204,1975,277
Cash from Investing Activity -850-1,394-2,072-380-68-3,610-1,954-2731,766-2,8692761,211
Cash from Financing Activity -1,462-1,445-1,496-1,644-3,384-190-1,885-2,074-6,247-20-4,056-7,181
Net Cash Flow934-621-6690238-532488140-630231417-692

Bajaj Auto Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days71314121216223121361718
Inventory Days181617201718161618281822
Days Payable515056434956686356855458
Cash Conversion Cycle-25-20-24-11-20-22-31-17-16-22-19-18
Working Capital Days-41-23-34-22-4-2-21-4-9-0-3-9
ROCE %73%59%50%40%45%35%31%30%30%25%24%26%

Bajaj Auto Ltd Financial Efficiency Indicators Chart

Bajaj Auto Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters53.70%53.70%53.70%53.70%53.73%53.77%53.77%54.84%54.99%54.99%54.99%54.99%
FIIs13.06%11.99%11.82%11.21%10.20%10.49%11.16%11.56%11.82%12.35%13.67%14.37%
DIIs9.13%12.29%12.71%12.85%13.23%13.17%12.40%11.53%10.91%10.79%9.56%9.03%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.07%0.07%0.07%0.07%0.07%
Public24.11%22.02%21.77%22.24%22.84%22.57%22.68%21.99%22.20%21.79%21.72%21.54%
No. of Shareholders1,29,9921,56,9551,54,3092,11,2032,44,0812,33,2252,28,8732,25,5182,26,8362,09,0762,02,9281,96,543

Bajaj Auto Ltd Shareholding Pattern Chart

No. of Bajaj Auto Ltd Shareholders

Bajaj Auto Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Nifty 50 ETF20997700.781278.88
Axis Bluechip Fund11606992.22706.93
SBI Blue Chip Fund8957691.34545.57
UTI Nifty 50 ETF5746720.78350.01
Axis Focused 25 Fund5650002.42344.12
ICICI Prudential Bluechip Fund3910420.54238.17
HDFC ELSS Tax Saver Fund3850001.92234.49
SBI Large & Midcap Fund3625001.29220.78
UTI Transportation and Logistic Fund3148727.39191.77
UTI Nifty200 Momentum 30 Index Fund2908945.63177.17

Bajaj Auto Ltd ROCE Trend

Bajaj Auto Ltd EPS Trend

Bajaj Auto Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)212.50213.20167.90180.20170.30
Diluted EPS (Rs.)212.50213.20167.90180.20170.30
Cash EPS (Rs.)205.57202.37166.22177.52167.38
Book Value[Excl.RevalReserv]/Share (Rs.)1037.661031.89942.51748.59802.91
Book Value[Incl.RevalReserv]/Share (Rs.)1037.661031.89942.51748.59802.91
Revenue From Operations / Share (Rs.)1288.361145.41958.671033.921049.09
PBDIT / Share (Rs.)269.93225.80214.30228.78225.80
PBIT / Share (Rs.)259.83216.48205.33220.26216.62
PBT / Share (Rs.)258.44244.40205.10220.15228.28
Net Profit / Share (Rs.)195.47193.05157.26169.00158.20
NP After MI And SOA / Share (Rs.)214.17213.08167.85180.11170.29
PBDIT Margin (%)20.9519.7122.3522.1221.52
PBIT Margin (%)20.1618.8921.4121.3020.64
PBT Margin (%)20.0521.3321.3921.2921.76
Net Profit Margin (%)15.1716.8516.4016.3415.07
NP After MI And SOA Margin (%)16.6218.6017.5017.4216.23
Return on Networth / Equity (%)20.6320.6417.8024.0621.20
Return on Capital Employeed (%)24.6120.5921.2528.6326.16
Return On Assets (%)17.2417.5614.4519.6617.08
Asset Turnover Ratio (%)1.101.010.951.121.15
Current Ratio (X)1.832.212.511.561.45
Quick Ratio (X)1.531.952.251.311.25
Inventory Turnover Ratio (X)18.2716.2714.3219.2423.83
Dividend Payout Ratio (NP) (%)66.8465.700.0066.6235.23
Dividend Payout Ratio (CP) (%)63.8362.940.0063.6133.43
Earning Retention Ratio (%)33.1634.300.0033.3864.77
Cash Earning Retention Ratio (%)36.1737.060.0036.3966.57
Interest Coverage Ratio (X)193.32754.51931.102095.001458.48
Interest Coverage Ratio (Post Tax) (X)140.99551.79684.291548.59946.50
Enterprise Value (Cr.)109206.95104734.34105709.1558278.2083419.74
EV / Net Operating Revenue (X)3.003.163.811.952.75
EV / EBITDA (X)14.3016.0317.058.8012.77
MarketCap / Net Operating Revenue (X)3.013.193.831.962.78
Retention Ratios (%)33.1534.290.0033.3764.76
Price / BV (X)3.743.543.902.703.63
Price / Net Operating Revenue (X)3.013.193.831.962.78
EarningsYield0.050.050.040.080.05

Bajaj Auto Ltd Profitability Ratios (%)

Bajaj Auto Ltd Liquidity Ratios

Bajaj Auto Ltd Liquidity Ratios (%)

Bajaj Auto Ltd Interest Coverage Ratios (%)

Bajaj Auto Ltd Valuation Ratios

Fair Value of Bajaj Auto Ltd Stock

Fair Value: 7331.07

The stock is overvalued by 18.80% compared to the current price ₹9028

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.

*Investments are subject to market risks

Strength and Weakness of Bajaj Auto Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 39.00%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -14.33, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -20.42, which is a positive sign.
  4. The company has higher reserves (18,821.85 cr) compared to borrowings (118.46 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (26.54 cr) and profit (5.54 cr) over the years.

    FAQ

    What is the latest fair value of Bajaj Auto Ltd?

    The latest fair value of Bajaj Auto Ltd is 7331.07.

    What is the Market Cap of Bajaj Auto Ltd?

    The Market Cap of Bajaj Auto Ltd is 2,55,669 Cr..

    What is the current Stock Price of Bajaj Auto Ltd as on 13 April 2024?

    The current stock price of Bajaj Auto Ltd as on 13 April 2024 is 9,028.

    What is the High / Low of Bajaj Auto Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Bajaj Auto Ltd stocks is ₹9,358/4,030.

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

    The Stock P/E of Bajaj Auto Ltd is 34.5.

    What is the Book Value of Bajaj Auto Ltd?

    The Book Value of Bajaj Auto Ltd is 1,036.

    What is the Dividend Yield of Bajaj Auto Ltd?

    The Dividend Yield of Bajaj Auto Ltd is 1.54 %.

    What is the ROCE of Bajaj Auto Ltd?

    The ROCE of Bajaj Auto Ltd is 26.2 %.

    What is the ROE of Bajaj Auto Ltd?

    The ROE of Bajaj Auto Ltd is 20.2 %.

    What is the Face Value of Bajaj Auto Ltd?

    The Face Value of Bajaj Auto Ltd is 10.0.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    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