BAJAJ-AUTO

BAJAJ AUTO

Large Cap BSE: 532977 NSE: BAJAJ-AUTO
₹3707.6
-43.1 (-1.15%)
  • Advice
  • Hold
As on 02 December, 2022 | 02:07

Bajaj Auto Performance

Day Range

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  • High

52 Week Range

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  • High
  • Open Price
  • Previous Close
  • Volume

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Bajaj Auto Share Price

Bajaj Auto Share Returns

  • Over 1 Month -0.67%
  • Over 3 Month -9.04%
  • Over 6 Month -0.34%
  • Over 1 Year 14.1%

Bajaj Auto Key Statistics

P/E Ratio 18
PEG Ratio -1.8
Market Cap Cr 105,177
Price to Book Ratio 3.5
EPS 164.1
Dividend 3.8
Relative Strength Index 52.94
Money Flow Index 53.74
MACD Signal -6.46
Average True Range 75.5

Bajaj Auto Investment Rating

  • Master Rating:
  • Bajaj Auto has an operating revenue of Rs. 35,204.10 Cr. on a trailing 12-month basis. An annual revenue growth of 19% is outstanding, Pre-tax margin of 21% is great, ROE of 20% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its key moving averages, around 2% and 0% from 50DMA and 200DMA. It needs to stay above these levels to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 9% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 58 which is a POOR score indicating inconsistency in earnings, a RS Rating of 41 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 74 indicates it belongs to a poor industry group of Auto Manufacturers and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Bajaj Auto Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 9,9117,7697,7288,8068,3867,2178,413
Operating Expenses Qtr Cr 8,4446,7086,6097,6507,3616,2667,072
Operating Profit Qtr Cr 1,7591,2971,3661,3721,4011,1201,524
Depreciation Qtr Cr 67677070666466
Interest Qtr Cr 11432222
Tax Qtr Cr 484371428359378322407
Net Profit Qtr Cr 1,5301,1731,4691,2141,2751,0611,332

Bajaj Auto Technicals

EMA & SMA

Current Price
3707.6
-43.1 (-1.15%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 3681.87
  • 50 Day
  • 3704.06
  • 100 Day
  • 3731.16
  • 200 Day
  • 3733.84
  • 20 Day
  • 3698.64
  • 50 Day
  • 3657
  • 100 Day
  • 3806.19
  • 200 Day
  • 3734.83

Bajaj Auto Resistance and Support

PIVOT
₹3731.54
Resistance
First Resistance 3792.07
Second Resistance 3833.44
Third Resistance 3893.97
RSI 52.94
MFI 53.74
MACD Single Line -6.46
MACD -2.6
Support
First Resistance 3690.17
Second Resistance 3629.64
Third Resistance 3588.27

Bajaj Auto Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 535,520 12,520,458 23.38
Week 475,226 20,064,059 42.22
1 Month 348,546 17,514,439 50.25
6 Month 477,212 22,471,926 47.09

Bajaj Auto Result Highlights

Bajaj Auto Synopsis

NSE-Auto Manufacturers

Bajaj Auto 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. 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.
Market Cap 105,177
Sales 35,204
Shares in Float 12.77
No of funds 780
Yield 3.78
Book Value 4.02
U/D Vol ratio 1
LTDebt / Equity
Alpha 0.03
Beta 0.71

Bajaj Auto

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 54.84%53.77%53.77%
Mutual Funds 3.6%4.55%4.8%
Insurance Companies 6.71%7.75%8.03%
Foreign Portfolio Investors 11.56%11.16%10.49%
Financial Institutions/ Banks 0.02%0.1%0.35%
Individual Investors 10.14%15.41%15.72%
Others 13.13%7.26%6.84%

Bajaj Auto Management

Name Designation
Mr. Niraj Bajaj Chairman
Mr. Madhur Bajaj Vice Chairman
Mr. Rajiv Bajaj Managing Director & CEO
Mr. Pradeep Shrivastava Executive Director
Mr. Rakesh Sharma Executive Director
Mr. Sanjiv Bajaj Director
Mr. Shekhar Bajaj Director
Mr. D J Balaji Rao Director
Dr. Naushad Forbes Director
Mr. Anami Roy Director
Mrs. Lila Poonawalla Director
Mr. Pradip Shah Director
Mr. Abhinav Bindra Director

Bajaj Auto Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Bajaj Auto Corporate Action

Date Purpose Remarks
2022-10-14 Quarterly Results
2022-07-26 Quarterly Results
2022-06-27 Buy Back of Shares
2022-06-14 Buy Back of Shares
2022-04-27 Audited Results & Dividend
Date Purpose Remarks
2022-07-01 FINAL Rs.140.00 per share(1400%)Dividend

Bajaj Auto MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 151468
UTI Nifty 50 Exchange Traded Fund 39494
ICICI Prudential Bluechip Fund Growth 34823
SBI Bluechip Fund Regular Growth 34730
HDFC Top 100 Fund Growth 22709

About Company

Bajaj Auto, the flagship company of the Bajaj Group, is a two- and three-wheeler manufacturer with operations in over 70 countries across Latin America, Southeast Asia, and other regions. The company's headquarters are in Pune, India.

It now owns 48% of the KTM Brand, making sports and super sports two-wheelers, up from 14% when it first bought KTM in 2007.

Bajaj Auto Ltd – Growth History and Empire Expansion

M/s Bachraj Trading Corporation Private Limited, the forerunner of Bajaj Auto, was founded on November 29, 1945. It began by importing and selling two- and three-wheel motorcycles in India. It received a license from the Indian government to manufacture two-wheelers and three-wheelers in 1959 and a license from Piaggio to produce Vespa Brand Scooters in India.

In 1960, it became a public limited company. The company changed its branding from a scooter producer to a two-wheeler manufacturer after introducing motorcycles in 1986. Bajaj Auto purchased a controlling stake in the Tempo Firodia firm in the early 2000s, calling it "Bajaj Tempo." Daimler-Benz had a 16% ownership in Bajaj Tempo, but the company sold it back to the Firodia group.

Bajaj Tempo agreed to progressively phase off the "Tempo" brand name, which was still owned by Mercedes-Benz. Over the protests of Bajaj Auto, with whom the firm shares a long history and a compound wall, the company's name was changed to Force Motors in 2005, eliminating "Bajaj" and "Tempo." Bajaj Auto purchased a 14.5% investment in Austrian rival KTM through its Dutch company Bajaj Auto International Holding BV in 2007, progressively growing its position to a 48% non-controlling share by 2020.

In December 2020, Bajaj began talks with KTM's controlling stakeholder, Pierer Mobility, a subsidiary of Pierer Industrie, about selling its KTM interest to Pierer Mobility. Bajaj Auto invested around 57 crores ($8 million) in Yulu, a bicycle, and electric scooter rental startup, on November 26, 2019. Bajaj will also produce specialized electric scooters for Yulu as part of this agreement.

 

PRESENCE OF BAJAJ AUTO AND PLANTS

Bajaj Auto is the world's fourth-largest maker of two– and three-wheelers. Bajaj Auto has three plants, two in Maharashtra at Waluj and Chakan and one in Uttaranchal at Pant Nagar. The company produces bikes, scooters, and three-wheelers. Bajaj Auto has a distribution network of 485 dealers and over 1,600 authorized service centres in India. For the three-wheeler market, it has 171 exclusive dealers. It has a total of 3750 rural outlets located in rural areas.

The Bajaj brand is well–known throughout Latin America, Africa, the Middle East, and Southeast Asia. Its multi-country distribution network has a strong presence in Sri Lanka, Colombia, Bangladesh, Mexico, Central America, Peru, and Egypt. It has a technological partnership with Kawasaki Heavy Industries of Japan to create the most recent two-wheeler models. Boxer, Caliber, Wind125, Pulsar, and other brands have been introduced by Bajaj Auto. It also introduced India's first true cruiser bike, the Kawasaki Bajaj Eliminator.

 

Bajaj Auto Products

Bajaj is a company that produces and sells bikes, scooters, auto-rickshaws, and automobiles. Bajaj Auto was India's largest motorbike exporter in 2004. Bajaj is the first Indian two-wheeler company to introduce sporty four-stroke commuter motorcycles to the Indian market. With the 150cc and 180cc Pulsar, Bajaj was able to achieve this.

The CT 100 Platina, Discover, Pulsar, Avenger, and Dominar are some of Bajaj's motorcycles. In the fiscal year 2012–13, it sold 37.6 lakh (3.76 million) motorcycles, accounting for 31% of the Indian motorcycle market. About 24.6 lakh (2.46 million) motorcycles were sold in India, with the remaining 34% being exported.

Autorickshaws (Three-Wheeler)

Bajaj is the world's largest auto-rickshaw producer, accounting for over 84% of India's three-wheeler exports. During the fiscal year 2012–13, it sold around 4,80,000 three-wheelers, accounting for 57% of the total market share in India and 47% of these 4,80,000 three-wheelers were sold in the country, while 53% were exported. In Indonesia, Bajaj three-wheelers are regarded as "iconic" and "ubiquitous," to the point where the term bajaj refers to any auto-rickshaw. 

Low-Cost Cars

In 2010, Bajaj Auto announced a collaboration with Renault and Nissan Motor to produce a US$2,500 automobile with a fuel efficiency of 30 km/l (85 mpg-imp; 71 mpg-US) (3.3 L/100 km), or twice that of a typical compact car, and carbon dioxide emissions of 100 g/km.

Bajaj Auto debuted the Bajaj Qute (previously Bajaj RE60) on January 3, 2012, a tiny automobile for intra-city urban transit that is legally categorized as a quadricycle. Bajaj's three-wheeler consumers were the target market. According to its Managing Director Rajiv Bajaj, the RE60 will have a top speed of 70 kilometres per hour (43 mph), a mileage of 35 kilometres per litre (99 mpg-imp; 82 mpg-US), and carbon dioxide emissions of 60 g/km.

Electric Scooters

In January 2020, Bajaj introduced India's first electric scooter, the Chetak. Bajaj announced a 300 crore investment in December 2021 to develop an electric vehicle manufacturing facility in Pune. According to the business, the plant would be able to build 500,000 electric cars (EVs) each year, serving both domestic and foreign markets.

 

Key CSR Initiatives

Beyond balance sheets or conventional economic metrics, the Bajaj Group believes that a genuine and full measure of development, success, and advancement is found. It is best exemplified by the impact of business and industry on people's lives.

Since the CSR requirements were initially announced in 2014, the Bajaj Group firms have contributed approximately INR 1,300 crores to programs concentrating on skilling and education, health, livelihoods, and water conservation. Bajaj Auto's CSR priority is to improve the quality of life of marginalized populations living in and around the districts where the company's manufacturing plants are located. Bajaj Auto also contributes to important water conservation programs.

Organizations Supported by the Bajaj group.

  • Jankidevi Bajaj Gram Vikas Sanstha (JBGVS)
  • IMC Ramkrishna Bajaj National Quality Award
  • Jamnalal Bajaj Institute of Management Studies, Mumbai
  • Kamalnayan Bajaj Hospital
  • Jankidevi Bajaj Puraskar for Woman Rural Entrepreneur
  • Shiksha Mandal, Wardha
  • The Jamnalal Bajaj Foundation

 

Bajaj Auto FAQs

What is Share Price of Bajaj Auto ?

Bajaj Auto share price is ₹3707 As on 02 December, 2022 | 01:53

What is the Market Cap of Bajaj Auto ?

The Market Cap of Bajaj Auto is ₹105177.1 Cr As on 02 December, 2022 | 01:53

What is the P/E ratio of Bajaj Auto ?

The P/E ratio of Bajaj Auto is 18 As on 02 December, 2022 | 01:53

What is the PB ratio of Bajaj Auto ?

The PB ratio of Bajaj Auto is 3.5 As on 02 December, 2022 | 01:53

Is Bajaj Auto a good stock to buy?

On a trailing 12-month basis, Bajaj Auto had operating revenue of INR 33,654.20 crore. A yearly sales decline of 8% requires improvement; yet, a pre-tax margin of 21% is excellent, and a return on equity of 17% is remarkable. The company is debt-free and has a robust balance sheet, allowing it to maintain consistent earnings growth over time. According to the expert, Bajaj Auto is a HOLD recommendation.

Is Bajaj Auto Debt Free?

Bajaj Auto is debt-free.

What is the ROE of Bajaj Auto?

Bajaj Auto's ROE is 17%, which is exceptional.

Who is the CEO of Bajaj Auto?

Rajiv Bajaj has been the CEO of Bajaj Auto since April 2005.

How to buy Bajaj Auto Ltd. shares?

You can easily buy the shares of Bajaj Auto Ltd., by registering at 5Paisa and setting up a Demat account in your name.

What is the Debt to Equity ratio of Bajaj Auto Ltd.?

The Debt to Equity ratio for Bajaj Auto Ltd. is 0.01.

Q2FY23