Bajaj Auto Limited
NSE: BAJAJ-AUTO · 2/3 Wheelers · sector
₹10,071.00NSE close 2026-10-26
Key numbers
Market cap₹2,81,484 cr
Price₹10,071.00
52w high / low₹12,470 / ₹8,605
P/E23.9xSector median 33.7x
P/B7.2xSector median 7.2x
Book value₹1,389.3
Dividend yield2.08%Sector median 1.54%
ROE31.8%Sector median 24.9%
ROCE26.6%Sector median 18.7%
OPM20.6%Sector median 11.3%
Debt / equity0.57xSector median 0.57x
EV/EBITDA19.8xSector median 19.8x
Interest cover12.2x
Current ratio1.76x
Sales growth 3y+19.9%Sector median +17.5%
Profit growth 3y+21.0%Sector median +23.7%
PEG1.09x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 9 companies in 2/3 Wheelers (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹10,884 cr vs borrowings ₹21,981 cr (FY26): borrowings are higher by ₹11,097 cr.
- Operating profit covered interest 12.2x in the last 12 months.
- 0.01% of the promoters' shares are pledged (0.0% of all shares).
- Promoter holding rose by 0.91 percentage points in a year, to 55.95% (2026-09-30).
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 20% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹10,071.00 on 2026-10-26: -19.2% from the 52-week high, +17.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹12,345.95 · low ₹7,383.40
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13,247 | 13,169 | 12,646 | 13,133 | 15,735 | 16,204 | 17,832 | 21,689 |
| EBITDA | 2,654 | 2,751 | 2,693 | 2,793 | 3,463 | 3,653 | 3,113 | 4,531 |
| OPM % | 20.0% | 20.9% | 21.3% | 21.3% | 22.0% | 22.5% | 17.5% | 20.9% |
| Other income | 399 | 348 | 392 | 509 | 576 | 436 | 661 | 688 |
| Net profit | 1,385 | 2,196 | 1,802 | 2,210 | 2,122 | 2,750 | 3,662 | 3,226 |
| EPS (₹) | 49.70 | 78.70 | 64.60 | 79.20 | 76.00 | 98.50 | 131.10 | 115.50 |
| Revenue YoY | +18.8% | +23.1% | +41.0% | +65.1% | ||||
| Profit YoY | +53.2% | +25.2% | +103.2% | +45.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 33,145 | 36,455 | 44,870 | 50,995 | 62,905 | 71,460 |
| EBITDA | 6,066 | 6,451 | 8,762 | 10,468 | 13,022 | 14,760 |
| Net profit | 6,166 | 6,060 | 7,708 | 7,325 | 10,744 | 11,759 |
| EPS (₹) | 213.20 | 212.50 | 272.70 | 262.40 | 385.00 | 421.10 |
| Revenue growth | +10.0% | +23.1% | +13.6% | +23.4% | +36.9% | |
| Profit growth | -1.7% | +27.2% | -5.0% | +46.7% | +54.9% | |
| Dividend / share (₹) | 140.00 | 140.00 | 140.00 | 80.00 | 210.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +19.9% | +17.8% | +36.9% |
| Net profit | +21.0% | +17.2% | +54.9% |
| EPS | +21.9% | +18.1% | – |
| Share price | – | -2.1% (2y) | +10.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 29,362 | 28,962 | 35,189 | 38,832 |
| Borrowings | – | 0 | 1,786 | 9,237 | 21,981 |
| Cash & equivalents | – | 5,272 | 6,387 | 8,750 | 10,884 |
| Total assets | – | 35,136 | 39,344 | 54,199 | 77,223 |
| Fixed assets | – | 2,762 | 3,147 | 3,589 | 7,727 |
| Capital work in progress | – | 85 | 28 | 29 | 120 |
| Investments | – | 16,718 | 17,835 | 19,324 | 16,661 |
| Receivables | – | 1,752 | 2,076 | 2,125 | 3,473 |
| Inventory | – | 1,564 | 1,689 | 2,077 | 6,294 |
| Payables | – | 4,121 | 5,597 | 6,373 | 8,804 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 4,197 | 5,277 | 6,558 | -1,406 | 2,597 |
| Cash from investing | -81 | 1,200 | -344 | -1,056 | -7,034 |
| Cash from financing | -4,056 | -7,181 | -6,167 | 4,230 | 5,079 |
| Capex | 551 | 1,110 | 723 | 874 | 722 |
| Free cash flow | 3,646 | 4,167 | 5,835 | -2,279 | 1,874 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 20.6% | 26.6% | 20.8% | 27.7% |
| ROCE % | – | 25.0% | 32.0% | 25.9% | 23.9% |
| Debtor days | – | 18 | 17 | 15 | 20 |
| Inventory days | – | 22 | 19 | 22 | 54 |
| Payable days | – | 58 | 64 | 66 | 76 |
| Cash conversion cycle (days) | – | -18 | -28 | -29 | -2 |
| Working capital days | – | 44 | 22 | 56 | 85 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 55.95% |
| FIIs | 8.87% |
| DIIs | 13.31% |
| of which Mutual funds | 5.89% |
| of which Insurance | 6.30% |
| Government | 0.00% |
| Public (non-institutions) | 21.87% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 55.04% | 55.04% | 55.04% | 55.04% | 54.99% | 55.01% | 55.01% | 55.95% |
| Promoter group | % |
|---|---|
| Bajaj Holdings and Investment Limited | 34.77% |
| Jamnalal Sons PVT Limited | 9.45% |
| Maharashtra Scooters Limited | 2.52% |
| Bajaj Sevashram PVT Limited | 1.60% |
| Bachhraj and Company PVT Limited | 1.34% |
| Yamuna Trust | 1.32% |
| Bachhraj Factories PVT Limited | 0.70% |
| Baroda Industries PVT Limited | 0.60% |
| Suman Jain | 0.38% |
| Manish Kejriwal | 0.31% |
| Niravnayan Bajaj | 0.29% |
| Rajivnayan Bajaj | 0.27% |
| Minal Bajaj | 0.24% |
| Niraj Bajaj (Niravnayan Trust) | 0.19% |
| Kriti Bajaj | 0.18% |
| Public holders above 1% | % |
|---|---|
| Lici NEW Endowment Plus-secured Fund | 5.12% |
| Jaya Hind Industries Private Limited | 3.62% |
| SBI Arbitrage Fund | 1.39% |
| HDFC Value Fund | 1.17% |
2,87,267 shareholders. Pledged: 0.01% of promoter shares.
Peers in 2/3 Wheelers
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BAJAJ-AUTO | ₹2,81,484 cr | 23.9x | 7.2x | 31.8% | 26.6% | 20.6% | +19.9% | 2.08% |
| EICHERMOT | ₹1,94,881 cr | 33.7x | 7.8x | 24.9% | 26.4% | 24.5% | +17.5% | 0.99% |
| TVSMOTOR | ₹1,89,850 cr | 55.4x | 19.9x | 37.9% | 18.7% | 14.8% | +20.6% | 0.30% |
| HEROMOTOCO | ₹1,04,032 cr | 19.1x | 4.8x | 26.7% | 34.4% | 14.3% | +11.6% | 3.37% |
| ATHERENERG | ₹60,338 cr | – | 23.4x | -25.4% | -10.1% | -7.4% | – | – |
| OLAELEC | ₹13,856 cr | – | 4.1x | -41.0% | -24.0% | -48.9% | – | – |
| ZELIO | ₹2,114 cr | 66.0x | 23.4x | 31.4% | 40.4% | 11.3% | – | – |
| WARDINMOBI | ₹100 cr | 83.5x | 0.7x | 0.7% | 5.7% | 7.5% | +1.1% | – |
| SEVL | ₹37 cr | 9.1x | 1.0x | 10.3% | 16.4% | 8.6% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Automotive | ₹60,530 cr | 93.0% | ₹12,016 cr | 19.9% |
| Financing | ₹3,248 cr | 5.0% | ₹889 cr | 27.4% |
| Investments | ₹1,309 cr | 2.0% | ₹1,307 cr | 99.8% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-24 | Buyback | Buy Back |
| 2026-05-29 | Dividend | Dividend - Rs 150 Per Share |
| 2025-06-20 | Dividend | Dividend - Rs 210 Per Share |
| 2024-06-14 | Dividend | Dividend - Rs 80 Per Share |
| 2024-02-29 | Buyback | Buy Back |
| 2023-06-30 | Dividend | Dividend - Rs 140 Per Share |
| 2022-06-30 | Dividend | Dividend - Rs 140 Per Share |
| 2021-07-08 | Dividend | Annual General Meeting/Dividend - Rs 140 Per Share |
| 2020-03-03 | Dividend | Interim Dividend - Rs 120 Per Share |
| 2019-07-11 | Dividend | Annual General Meeting/ Dividend - Rs 60 Per Share |
| 2018-07-05 | Dividend | Annual General Meeting / Dividend- Rs 60 Per Share |
| 2017-07-06 | Dividend | Annual General Meeting/Dividend - Rs 55/- Per Share |
| 2016-07-14 | Dividend | Annual General Meeting/ Dividend - Rs 5/- Per Share |
| 2016-03-16 | Dividend | Interim Dividend - Rs 50/- Per Share (Purpose Revised) |
| 2015-07-09 | Dividend | Annual General Meeting/Dividend Rs 50/- Per Share |
| 2014-07-03 | Dividend | Annual General Meeting / Dividend - Rs 50/- Per Share |
| 2013-07-04 | Dividend | Annual General Meeting / Dividend - Rs.45/- Per Equity Share |
| 2012-07-05 | Dividend | Annual General Meeting And Dividend - Rs.45/- Per Share |
| 2011-06-29 | Dividend | Annual General Meeting And Dividend Rs.40/- Per Share |
| 2010-09-08 | Bonus | Bonus 1:1 |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Bajaj Auto is a manufacturer of two wheelers, three wheelers, and quadri cycles. The automotive segment includes all activities related to development, design, manufacture, assembly, and sale of two wheelers/three-wheelers as well as sale of related parts and accessories.
| Sector | Consumer Discretionary |
| Industry | 2/3 Wheelers |
| Sub-industry | 2/3 Wheelers |
| Symbol | BAJAJ-AUTO |
| BSE code | 532977 |
| ISIN | INE917I01010 |
| Face value | ₹10.0 |
| Incorporated | 2007-04-30 |
| Website | www.bajajauto.com |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.