Bajaj Auto Limited
₹10,350.00-₹21.00 (-0.2%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹2,66,657 Cr
- P/E
- 30.5x
- EV / EBITDA
- 26.0x
- Revenue
- ₹50,010 Cr
- Net margin
- 16.7%
- ROCE
- 34.1%
Price chart
Technical chartScreen technicals →+16.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -4.7%
- 3M
- -9.5%
- 6M
- +3.5%
- 1Y
- +16.0%
- 5Y
- +175.3%
52-week range
Day change -₹21.00 (-0.2%) from ₹10,371 to ₹10,350 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in BAJAJ-AUTO, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 30.1%
Concerns0
Rule-based from financial data. Not advice.
About the company
Bajaj Auto Limited, together with its subsidiaries, engages in the development, manufacture, and distribution of automobiles in India and internationally. The company offers motorcycles, bikes, commercial vehicles, electric two-wheelers, and three-wheeler, as well as related parts and accessories. It also exports its products. The company was founded in 1945 and is based in Pune, India.
- Sector
- Automobiles & Components
- Shares outstanding
- 27.9 Cr shares
- ISIN
- INE917I01010
- BSE code
- 532977
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹2,66,657 Cr
- P/E
- 30.5x
- P/B
- 8.7x
- EV / EBITDA
- 26.0x
- EV / Sales
- 6.0x
- P/S
- 6.0x
- Earnings yield
- 3.3%
- 52-week high
- ₹12,360.00
- 52-week low
- ₹8,716.30
Profitability
- Operating margin
- 19.7%
- Net margin
- 16.7%
- EBITDA margin
- 22.9%
- ROE
- 30.1%
- ROCE
- 34.1%
- ROA
- 21.8%
- Dividend payout
- 30.0%
- Tax rate
- 24.0%
- Other income, % of PBT
- 14.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹50,010 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 11.9%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.4%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹10,225 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 32.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.0%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.0%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹7,478 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 35.7%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹365 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.1%
Solvency and efficiency
- Current ratio
- 3.68
- Debt / Equity
- 0.04
- Debt / Assets
- 0.03
- Debt / EBITDA
- 0.09
- Interest coverage
- 163.00
- Financial leverage
- 1.38
- CFO / Net profit
- 1.00
- Cash / Market cap
- 2.8%
- Cash per share
- ₹271.65
- Asset turnover
- 1.30
- Fixed asset turnover
- 13.97
- Capital intensity
- 0.07
- Debtor days
- 17 days
- Inventory turnover
- 18.25
- Cash conversion cycle
- -27 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹16 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹39,914 Cr |
| Sales | Operating profit | ₹10,096 Cr |
| Operating profit | Interest | ₹68 Cr |
| Operating profit | Depreciation | ₹400 Cr |
| Operating profit | Profit before tax | ₹9,628 Cr |
| Other income | Profit before tax | ₹1,424 Cr |
| Profit before tax | Tax and other | ₹2,901 Cr |
| Profit before tax | Net profit | ₹8,151 Cr |
Revenue and net profit
Revenue grew 11.9% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹27,741 Cr | ₹4,555 Cr |
| FY2022 | ₹33,145 Cr | ₹5,019 Cr |
| FY2023 | ₹36,428 Cr | ₹5,628 Cr |
| FY2024 | ₹44,685 Cr | ₹7,479 Cr |
| FY2025 | ₹50,010 Cr | ₹8,151 Cr |
Cash flows
FY2025: ₹7,267 Cr from operations, ₹3,619 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹3,114 Cr | ₹247 Cr |
| FY2022 | ₹4,208 Cr | ₹4,116 Cr |
| FY2023 | ₹5,512 Cr | ₹6,834 Cr |
| FY2024 | ₹7,478 Cr | ₹7,339 Cr |
| FY2025 | ₹7,267 Cr | ₹3,619 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹50,010 Cr+11.9%1Y
- Net profit
- ₹8,151 Cr+9.0%1Y
- Cash from operations
- ₹7,267 Cr
- Free cash flow
- ₹3,619 Cr-50.7%1Y
- Revenue CAGR, 5Y
- 8.4%
- EBITDA CAGR, 5Y
- 8.4%
- Net profit CAGR, 5Y
- 8.0%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹50,010 Cr | ₹10,096 Cr | — | ₹8,151 Cr | ₹7,267 Cr | ₹3,619 Cr | 25.4% | +11.9% | +9.0% |
Monthly returns
Month-by-month returns of BAJAJ-AUTO across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹42,429 Cr |
| Equity capital | ₹279 Cr |
| Reserves | ₹31,868 Cr |
| Borrowings | ₹928 Cr |
| Other liabilities | ₹9,354 Cr |
| Assets | ₹42,429 Cr |
| Fixed assets | ₹3,551 Cr |
| Capital work in progress | ₹28 Cr |
| Investments | ₹28,570 Cr |
| Other assets | ₹10,280 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
BAJAJ-AUTO trades at 30.5x earnings against a peer median of 34.8x (a 12% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Bajaj Auto LimitedBAJAJ-AUTOthis companyP/E ↓ discount | ₹2.7 L Cr | 30.5x | 8.7x | 30.1% | 26.0x |
| Maruti Suzuki India Ltd.MARUTI | ₹5.2 L Cr | 36.2x | 5.3x | 15.7% | 25.3x |
| Mahindra & Mahindra Ltd.M&M | ₹4.6 L Cr | 32.5x | 6.8x | 20.4% | 26.4x |
| Eicher Motors Ltd.EICHERMOT | ₹2.0 L Cr | 43.2x | 10.6x | — | — |
| HYUNDAI MOTOR INDIA LIMITEDHYUNDAI | ₹1.9 L Cr | 33.4x | 11.0x | 57.9% | 17.7x |
| TVS Motor Company Ltd.TVSMOTOR | ₹1.8 L Cr | 56.6x | 18.3x | 26.9% | 49.0x |
| Tata Motors LimitedTMCV | ₹1.6 L Cr | 578.0x | — | — | — |
| TATA MOTORS PASSENGER VEHICLES LIMITEDTMPV | ₹1.3 L Cr | 19.4x | 5.2x | 26.2% | 12.0x |
| Samvardhana Motherson International LimitedMOTHERSON | ₹1.2 L Cr | 65.4x | 3.2x | 3.0% | 73.9x |
| Peer median | — | 34.8x | 5.2x | 16.1% | 21.0x |
Year-to-date ROI
BAJAJ-AUTO since 1 January, against earlier years.
Historical volatility
BAJAJ-AUTO's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 18.0% |
| FY2022 | 16.0% |
| FY2023 | 18.0% |
| FY2024 | 20.0% |
| FY2025 | 20.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹50,010 Cr |
| Costs | |
| Interest | ₹68 Cr |
| Expenses | ₹39,914 Cr |
| Operating profitOperating Profit | ₹10,096 Cr |
| Other income and charges | |
| Profit before tax | ₹11,052 Cr |
| Tax | |
| Net profitNet Profit | ₹8,151 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹42,429 Cr |
| Equity capitalEquity Capital | ₹279 Cr |
| Reserves | ₹31,868 Cr |
| Borrowings | ₹928 Cr |
| Other liabilitiesOther Liabilities | ₹9,354 Cr |
| AssetsTotal Assets | ₹42,429 Cr |
| Fixed assetsFixed Assets | ₹3,551 Cr |
| Capital work in progressCWIP | ₹28 Cr |
| Investments | ₹28,570 Cr |
| Other assetsOther Assets | ₹10,280 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹7,267 Cr |
| Investing cash flowCash from Investing Activity | -₹3,648 Cr |
| Financing cash flowCash from Financing Activity | -₹3,254 Cr |
| Change in cashNet Cash Flow | ₹365 Cr |
Learn while you research
Academy chapters picked for Bajaj Auto Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 30.5, learn when high multiples are justified.6 min read
- 04 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read