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On 6 Nov 2026, Bajaj Auto was priced at ₹10,900.00, or 23.3× trailing earnings, against an industry P/E of 33.1×, and the shares are 13% below their 52-week high. It earns ROCE of 26% and ROE of 36%, and sales and net profit grew 19% and 21% a year over 3 years. Its dividend yield is 1.4%, and debt is 0.70× equity. It is a large-cap company with a market cap of ₹3.0 lakh crore, ranked 3rd of 20 Auto Manufacturers companies by market cap; the shares rose 23% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹10,700.00
Day high
₹10,938.00
Day low
₹10,608.00
Prev. close
₹10,758.00
Volume
5.8 L

Health check

3 good · 3 fair
  • ReturnsAhead

    +22.9% over a year, better than 5 of 7 peers.

  • Price tagCheaper

    P/E 23.3 vs industry 33.1.

  • GrowthSteady

    Sales +19.5%, profit +21.0% a year over 3 years.

  • ProfitabilityAverage

    ROCE 26.1% vs peer median 26.4%.

  • Balance sheetFair

    Debt 0.70× equity, interest covered 12.9×, Piotroski 6 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Auto Manufacturers

19 listed peers. Screen the industry

Large cap

₹3.0L Cr, #3 of 20 in its industry by size.

Defensive

Beta 0.63 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹81,728 Cr · profit ₹13,073 Cr
Market cap
₹3.0L Cr
Large cap
P/E
23.3
Industry 33.1
Price to book
8.21
Peers 8.38
Dividend yield
1.39%
ROE
35.6%
Peers 24.1%
ROCE
26.1%
Peers 26.4%
Debt to equity
0.70
Debt ₹26,401 Cr
EPS (TTM)
₹468.80
Face value ₹10
OPM (TTM)
21.0%
Net margin 16.0%
Sales growth
+57.4%
Latest quarter vs a year ago
Profit growth
+61.9%
Latest quarter vs a year ago
Price to sales
3.67
EV/EBITDA 17.3

Strengths and risks

Strengths

  • Return on equity of 35.6%.
  • Return on capital employed of 26.1%.
  • Quarterly profit up 61.9% on a year ago.
  • Quarterly sales up 57.4% on a year ago.
  • P/E of 23.3 against an industry P/E of 33.1.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Bajaj Auto

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 provides financing services for automobiles, as well as exports its products. The company was founded in 1945 and is based in Pune, India.

Headquarters
Pune
Employees
5,231
Sector
Consumer Cyclical
ISIN
INE917I01010
Website
bajajauto.com

Price range

52 weeks

₹8,605.00₹12,470.00

Today

₹10,608.00₹10,938.00
Avg volume (3M)
2.8 L
1-year return
plus 22.9%
From 52-week high
minus 12.6%

Analyst consensus

42 analysts
BuyMean target ₹12,024.05 plus 10.3%

Target range, with today’s price

Low ₹9,259.00High ₹14,300.00

Next results expected around 28 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Auto Manufacturers

Compare with peersScreen the whole industry
Company
MARUTIMaruti Suzuki India12,750.00plus 0.77%4,00,86329.83.6817.2%12.9%10.2%15.9%21.1%1.11%minus 17.7%
M&MMahindra & Mahindra3,287.20plus 5.11%3,94,71519.03.7517.1%20.1%18.2%17.5%18.5%1.06%minus 12.7%
BAJAJ-AUTOBajaj Auto10,900.00plus 1.32%2,99,53623.38.2126.1%35.6%21.0%19.5%21.0%1.39%plus 22.9%
TVSMOTORTVS Motor Company4,491.70plus 0.94%2,13,45755.818.8128.8%37.2%14.5%20.2%31.4%0.27%plus 28.1%
EICHERMOTEicher Motors7,669.50minus 0.56%2,10,54436.58.3826.4%23.8%25.2%17.5%23.7%1.06%plus 11.3%
HYUNDAIHyundai Motor India2,130.00plus 0.42%1,73,07137.88.5032.6%24.1%10.3%5.5%4.9%0.99%minus 11.4%
TMCVTata Motors425.50minus 0.83%1,56,70424.810.2625.5%26.0%10.4%––0.93%plus 30.2%
HEROMOTOCOHero MotoCorp5,513.00minus 0.02%1,10,34918.44.7131.9%26.9%14.0%11.7%26.9%3.36%plus 3.9%
Median of 7 peers–0.42%2,10,54429.88.3826.4%24.1%14.0%16.7%22.4%1.06%3.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
15,25415,37817,10820,87024,003
11,79011,64814,03316,33919,107
3,4633,7303,0754,5314,896
22.7%24.3%18.0%21.7%20.4%
−58.74361,857684592
287314344387469
119119289405409
–−76.737.5––
2,9993,6564,3364,4234,610
29.2%24.8%19.5%27.9%26.6%
2,1222,7503,6623,2263,436
75.9098.40130.90115.30124.30

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+19.5%
Profit CAGR 3Y
+21.0%
EPS CAGR 3Y
+21.8%
ROE
35.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
35,39243,78249,26760,386
–+23.7%+12.5%+22.6%
29,04335,14638,79546,884
6,3488,63610,47213,502
17.9%19.7%21.3%22.4%
1,5491,413282,387
39.560.43891,168
286365414645
270416526−125
7,84210,04010,22413,952
22.7%23.2%28.4%24.2%
6,0607,7087,32510,744
–+27.2%minus 5.0%+46.7%
212.50272.40262.00384.40

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
283279279280
29,07928,68334,90938,552
–1,7869,23722,640
5,7758,6179,77315,751
35,13639,36654,19977,223
2,8473,1763,6187,848
85.328.229.2120
16,71817,79419,41616,661
5,2066,3399,19911,094
10,28112,02821,93741,500
35,13639,36654,19977,223

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
5,2776,552−1,4062,597
1,200−344−1,056−7,034
−7,181−6,1614,2305,079
−70447.11,768642
−1,110−723−874−722
4,1675,829−2,2791,874
−4,047−3,960−2,235−5,855

Shareholding pattern

Source: NSE filings
56.0%
promoters
  • Promoters55.95%
  • Public44.05%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202655.95%44.05%plus 0.94
30 Jun 202655.01%44.99%0.00
31 Mar 202655.01%44.91%plus 0.02
31 Dec 202554.99%44.92%minus 0.05
30 Sep 202555.04%44.95%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you