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Bajaj Auto Ltd share Price Today

Company details

8,700.05
9,090.00
4,180.05
9,357.95
6M Return 71.38%
1Y Return 109.17%
Mkt Cap.(Cr) 249,325.83
Volume 1,385,007
Div Yield 0.89%
OI
-
OI Chg %
-
Volume 1,385,007
NSE

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About The Stock

    Bajaj Auto (BAL) is the 2nd largest motorcycle manufacturer and largest 3-W OEM domestically (FY22 market share at 18.2%, 61.5% respectively).

    • Exports comprised ~58% of FY22 volumes; 2W:3W mix at ~89:11 (overall)
    • Strong b/s with ~₹ 15,000 crore cash on books (Dec22 end), history of ~20% return ratios & one of the highest dividend yields among Nifty stocks
Q3FY23

    BAL reported healthy performance in Q3FY23

    • Net revenues in Q3FY23 came in at ₹ 9,315 crore, down 8.7% QoQ     .
    • Blended ASPs for the quarter stood at ₹ 92,015/unit, up 6.9% QoQ with total volumes in Q3FY23 at 9.8 lakh units, down 14.6% QoQ. Exports share in total volumes for the quarter was pegged at 45% vs. 40% in Q2FY23.
    • EBITDA in Q3FY23 was at ₹1,777 crores, margins:19.1% (up 184 bps QoQ)
    • PAT was down 2.5% QoQ to ₹ 1,491 crore, aided by higher margins.

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Automobiles company Bajaj Auto announced Q4FY24 & FY24 results:

FY24 Financial Highlights:

  • Revenue: Achieved an all-time high of Rs 44,685 crore, marking a 23% YoY increase due to record sales in both vehicles and spares.
  • EBITDA: Hit the highest ever at Rs 8,825 crore, representing a significant rise of 35% YoY.
  • Profit After Tax (PAT): Peaked at Rs 7,479 crore.
  • EBITDA Margin: Improved by 180 basis points to 19.7%.
  • Domestic Business: Sustained momentum led to the largest revenue with double-digit growth.
  • Exports: Closed the year flat amidst challenging global market conditions.
  • Domestic Motorcycles: Achieved market leadership in the 125cc segment, growing 8X versus industry growth.
  • Premium Portfolio: KTM had its biggest year, with Triumph adding strength since launch.
  • Commercial Vehicles: Surged ahead with historic high volumes, growing over 50% YoY.
  • Chetak Electric Vehicles: Grew 3X YoY and became the third player in the segment.
  • Cash Flow: Almost Rs 6,600 crore of Free Cash Flow was generated, an increase of around 45% YoY.
  • Final Dividend: The Board of Directors recommended a final dividend of Rs 80 per share, totaling about Rs 2,233 crore.

Q4FY24 Financial Highlights:

  • Quarterly Revenue: Grew by 29% YoY to Rs 11,485 crore.
  • EBITDA: The quarter at 2,307 crore grew 34% YoY, with a margin of 20.1%.
  • PAT: Rose to Rs 1,936 crore, a 35% increase YoY.
  • Domestic Motorcycles: The 125cc segment continued to gain market share.
  • Commercial Vehicles: Maintained growth with e3Ws expanding rapidly.
  • Chetak Electric Vehicles: Recorded the highest quarterly volume sold.
  • Exports: Revenue grew by double digits YoY with flatter volume.
  • Triumph: Continued to gain momentum with 18,800 units delivered this quarter.

 

Result PDF

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Bajaj Auto Ltd shares SWOT Analysis

Strengths (3)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Company with Low Debt
  • Near 52 Week High

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Decline in Net Profit (QoQ)
  • High volume, top losers

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (1)

  • Increasing Trend in Non-Core Income
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Resistance and support

R1 9,029.7
R2 9,254.8
R3 9,419.6
Pivot

8,864.85

S1 8,639.7
S2 8,474.9
S3 8,249.8
EMA SMA
8,900.0
8,478.5
7,750.0
6,739.9
8,981.0
8,536.0
7,641.3
6,314.2
Delivery and volume
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CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 7212.85 24717 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 7212.85 24717 BSE
JAYA HIND INDUSTRIES LIMITED Block Purchase 2023-02-14 3905 66000 NSE
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Name Category Shares
BAJAJ HOLDINGS AND INVESTMENT LIMITED PROMOTER 34.16%
JAMNALAL SONS PVT LTD PROMOTER 9.28%
MAHARASHTRA SCOOTERS LIMITED PROMOTER 2.46%
BAJAJ SEVASHRAM PVT LTD PROMOTER 1.58%
BACHHRAJ AND COMPANY PVT LIMITED PROMOTER 1.29%
BACHHRAJ FACTORIES PVT LIMITED PROMOTER 0.69%
BARODA INDUSTRIES PVT LIMITED PROMOTER 0.59%

OUR RESEARCH VIEW

Investment recommendation
Call Date
30 Jan 2023
Entry Price 3,720.00
Target Price 4,100.00
Duration
12-18 Month
HOLD View Report
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FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Bajaj Auto Ltd Stocks COMPARISON

Financials( ₹ in Cr) Bajaj Auto Ltd Maruti Suzuki India Ltd Tata Motors Ltd Mahindra & Mahindra Ltd Eicher Motors Ltd
Price 8,804.50 12,710.95 963.20 2,082.90 4,344.15
% Change -2.40 2.47 -0.84 2.86 -0.16
Mcap ₹ Cr 249,325.83 399,636.08 320,056.62 259,014.66 118,932.40
Revenue TTM ₹ Cr 36,455.38 117,571.30 345,966.97 121,268.55 14,442.18
Net Profit TTM ₹ Cr 6,060.21 8,211.00 2,353.49 11,374.48 2,913.94
PE TTM 32.66 31.98 16.01 22.62 31.07
1 Year Return 109.17 45.56 103.64 72.90 33.11
ROCE 26.47 13.92 5.32 13.71 26.46
ROE 20.47 11.52 5.52 21.98 21.12
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 29,361.54 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 26,468.76 -11,822.98
LAST 3M 81,914.65 34,986.47
LAST 6M 142,142.07 66,572.41
LAST 12M 217,201.91 193,346.69
Board of Bajaj Auto recommends Final Dividend

Apr 18, 2024 l BSE Announcement

Bajaj Auto Limited - Dividend

Apr 18, 2024 l NSE Announcement

Board Meetings Forthcomming

Apr 18, 2024 l Board Meetings Forthcomming

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Date Action Type Ratio
Jun 30, 2023 Dividend 1400
Jun 30, 2022 Dividend 1400
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Bajaj Auto Ltd Information

Stock PE (TTM)
32.66
Promoter Holding
54.94%
Book Value
1037.4108
ROCE
26.47%
ROE
20.47%
Description

  • Bajaj Auto Ltd is in the Automobile sector with the Market Capitalization of worth Rs. 110,175.04 crores, it is incorporated in the year 1945. It has reported consolidated sales of Rs.27,741.08 crores in March’2021. The company is also listed in the Bombay Stock Exchange (BSE) with the code 532977 and also listed in the National Stock Exchange (NSE) with the code BAJAJ-AUTO.

    Bajaj Auto Ltd based in Pune, Maharashtra is an Indian international two-wheeler and three-wheeler manufacturing company. Bajaj Auto is the world’s third-largest two-wheeler manufacturer and largest three-wheeler manufacturer in the world. Bajaj Auto has three manufacturing units in the country located in Chakan, Waluj, and Pantnagar and it also has a Research & Development plant in Akurdi. Bajaj became the most valuable two-wheeler company in December 2020 when its market capitalization crossed rupees one lakh crores. Bajaj Auto has also invested about Rs. 57.0 crores in bicycle and electric scooter rental startup Yulu. At present, Bajaj Auto through its subsidiary holds a 48% non-controlling stake in its Austrian rival KTM. The promoters of the company own 53.7% of the stake in the company, Foreign Institutional Investors (FII) own 11.82%, Domestic Institutional Investors (DII) own 12.71% of the stake, and others (such as retail investors) hold the balance of
    21.78%.

    In June 2021, quarterly net revenue was Rs. 7,386.04 crores, which has increased by approximately 139.87 % from Rs. 3,079.24 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 1,061.18 crores, which has seen a sharp increase by nearly 100.97 % from a net profit of Rs. 528.04 crores in June 2020. In June 2021, the reported operating profit was at Rs. 7,205.0 crores, which is also increased by 128.71% as compared to an operating profit of Rs. 3,150.28 crores for the quarter ending in June 2020.

    From Rs. 18.4 in June 2020, the EPS of Bajaj Auto has doubled and reached Rs. 36.70 per share in June 2021. BAJAJ’s stock closed at Rs. 3807.45 on 17th August’2021 (NSE) and has returned -7.87% in the last six months and 22.21% in the previous year.

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Registered Address

Bajaj Auto Limited Complex, Mumbai - Pune Road Akurdi, Pune, Maharashtra, 411035

Tel : 91-20-2747 2851
Email : investors:bajajauto.co.in; rngandhi:bajajauto.co.i
Website : http://www.bajajauto.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532977
NSE Code : BAJAJ-AUTO
Book Closure Date (Month) :
BSE Group : A
ISIN : INE917I01010

FAQ’s on Bajaj Auto Ltd Shares

You can buy Bajaj Auto Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bajaj Auto Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 19, 2024 03:54 PM the closing price of Bajaj Auto Ltd was ₹ 8,804.50.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 19, 2024 03:54 PM, the market cap of Bajaj Auto Ltd stood at ₹ 249,325.83.

The latest PE ratio of Bajaj Auto Ltd as of Apr 19, 2024 03:54 PM is 32.66

The latest PB ratio of Bajaj Auto Ltd as of Apr 19, 2024 03:54 PM is 0.11

The 52-week high of Bajaj Auto Ltd share price is ₹ 9,357.95 while the 52-week low is ₹ 4,180.05

According to analyst recommendations, Bajaj Auto Ltd Share has a “Buy” rating for the long term.

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