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VOL 812

Bajaj Auto Performance

Days Range

Low: ₹8,375.00
High: ₹8,547.95
Previous Close ₹8,436.95
Open ₹8,458.80
Volume 3,45,801
Day’s Range ₹8,375.00 - ₹8,547.95
52W Range ₹3,625.60 - ₹8,650.00
Market Cap ₹2,38,721 Cr

Fundamentals of Bajaj Auto

ROCE (TTM) 30.23%
P/E Ratio (TTM) 32.25
P/B Ratio 8.14
Industry P/E 24.98
Debt to Equity 0
ROE 23.33%
EPS (TTM) 261.37
Dividend Yield 1.66%
Book Value 1,036
Face Value 10

Financials of Bajaj Auto

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales8,929.2310,311.9110,838.2412,165.33
Expenses7,348.018,466.878,799.939,843.34
Profit before tax2,160.112,184.052,584.022,666.22
Operating Profit1,704.741,644.142,020.052,032.62
Net Profit1,704.741,644.142,020.052,032.62
EPS in Rs60.358.171.471.9

About Bajaj Auto

About Bajaj Auto Limited

Bajaj Auto Limited is engaged in the manufacturing of two and three-wheelers. The company was incorporated and founded by Jamnalal Bajaj in 1945 as M/S Bachraj Trading Corporation Ltd. It received a licence from the Government of India to manufacture two-and three-wheelers in India in 1959. After a year, the company’s name was changed to Bajaj Auto Ltd.  The company was listed on BSE and NSE in 2008.

A three-wheeler with a rear engine was developed and marketed in 1975 under Maharashtra Scooters Limited, a joint sector company with Western Maharashtra Development Corporation Ltd. As of March 31, 2023, the company has 4 manufacturing plants at Waluj (Boxer, CT, Platina, Discover, Pulsar, Passenger Carriers, Goods Carriers, Quadricycle), Chakan (Pulsar, Avenger, Dominar, KTM, Husqvarna), Chakan/Akurdi, (Chetak), Pantnagar (CT, Platina and Pulsar).

In 2022, ‘the company witnessed significant achievement in HR Excellence’ as part of the CII National HR Excellence Award Confluence 2021-22. The same year, it won the Gold Award for the Brandon Hall Group Technology Excellence Awards 2022 under the Best Advance in Learning Management Technology category.

Business Segment

Motorcycles: This segment deals with products such as CT, Platina, Avenger, Dominar, and Pulsar under different engine categories such as 100cc, 125cc, and 150cc.

Chetak: In FY 2021, this legendary brand was re-introduced as a best-in-class electric scooter. The company has 105 dealers of Chetak across 84 cities as of March 31, 2023.

Three-Wheelers and Qute: The segment earns revenue via products such as Electric Three-Wheelers, RE, Maxima Z, Maxima X Wide, Maxima C, and Qute.

Probiking (KTM): The probiking business consists of two brands: KTM and Husqvarna. The KTM brand and its models are well-recognised across India. At present, the Husqvarna models are being seeded as of 2023.

International Business: The company exports its products under the segment umbrella. KTM recorded its highest-ever volume of export sales in FY 2023.

The company has 6 subsidiaries as of March 31, 2023, and a few of them are listed below:

  • Bajaj Auto International Holdings BV (BAIH BV): It is a 100% Netherlands-based subsidiary of Bajaj Auto Ltd. 
  • Chetak Technology Ltd. (CTL): To create its presence in the evolving EV market, the company entered the space through a 100% subsidiary, Chetak Technology Ltd. (CTL).
  • Bajaj Auto (Thailand) Ltd.: It is a wholly owned subsidiary in Thailand with an issued and subscribed share capital of Thai Baht (THB) 45 million (H 10 crore). 

Key Personnel

Rajiv Bajaj, Managing Director

Rajiv Bajaj is currently the Managing Director and CEO of Bajaj Auto Limited. He started off at the shop floor level at Bajaj Auto, where he did a 3-year stint. He gained experience in Manufacturing & Supply Chain (1990-95) and became Managing Director of Bajaj Auto in April 2005. He has been on the board of Bajaj Auto Ltd. since March 5, 2002. In 2020, he was re-appointed as MD & CEO of the company for the next 5 years.

Corporate Action

  • In 2010, the company announced a bonus share in a ratio of 1:1 at the record date of September 08, 2010.
  • The company acquired KTM, a European brand, in 2017.

SWOT Analysis

Strengths

  • Competitive Market Position in Two-Wheelers.
  • Diversified Business and Products.

Weaknesses

  • Lack of Presence in the Scooter Market.
  • Rising Cost Pressure.

Opportunities

  • Growing Three-Wheeler Market.
  • Launch of New Products.

Threats

  • Intense Competition on Motorcycle Segment.
  • Labour Issues.
Parent Organisation Bajaj
Founded 2007
Managing Director Niraj Bajaj
NSE Symbol BAJAJ-AUTO

Peer Comparison

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Maruti Suzuki India Ltd ₹362,793.85

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Hero MotoCorp Ltd ₹90,335.64

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Eicher Motors Ltd ₹107,481.03

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Tata Motors Ltd ₹342,716.54

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930.7 - 945
TVS Motor Company Ltd ₹100,554.92

2163.3

47.35 (2.24%)

2088 - 2167

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FAQs

What is the Share price of Bajaj Auto (BAJAJ-AUTO)?

Bajaj Auto (BAJAJ-AUTO) share price as of February 26, 2024, on NSE is Rs 8,450.00 (NSE) and Rs 8,446.55 (BSE) on BSE.

Can I buy Bajaj Auto (BAJAJ-AUTO) shares?

Yes, You can buy Bajaj Auto (BAJAJ-AUTO) shares by opening a Demat account with Angel One.

How do I buy Bajaj Auto (BAJAJ-AUTO) from Angel One?

Bajaj Auto (BAJAJ-AUTO) share can be brought through the following modes:
  1. Direct investment: You can buy Bajaj Auto (BAJAJ-AUTO) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Bajaj Auto (BAJAJ-AUTO) shares.

What is the total Asset of Bajaj Auto?

The total asset of Bajaj Auto is Rs. 35,111 Crores.

What is the main business of Bajaj Auto?

The main business of Bajaj Auto is to make auto rickshaws, motorbikes, and scooters.

Who are the promoters of Bajaj Auto?

The promoters of Bajaj Auto are Bajaj Holdings And Investment Limited, Jamnalal Sons Pvt Ltd, Maharashtra Scooters Limited, Bajaj Sevashram Pvt Ltd, Bachhraj and Company Pvt Limited and Bachhraj Factories Private Limited.

What are the 3 wheeler products that Bajaj Auto came up with?

Bajaj came up with Autorickshaw as their 3-wheeler product.