Bajaj Auto Ltd.

SECTOR: Automobile Two & Three Wheelers

2434.2
₹ 188.85 (8.41%)
Today's High: 2519.8 Today's Low : 2255
52 Week High: 3315.00 52 Week Low : 1793.10
 FinStar
FinStar Indicates the overall health and quality of a stock based on Finology Research.
Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

 Company Essentials

Market Cap

70437.7200084 Cr.

P/E

13.82

P/B

3

Face Value

₹10

Div. Yield

2.06%

Book Value (TTM)

811.8595

Enterprise Value

69639.4300084 Cr.

CASH

922.81 Cr.

DEBT

124.52 Cr.

Promoter Holding

53.52%

EPS (TTM)

176.0836

Sales Growth

19.95 %

ROE

22.87 %

ROCE

32.62 %

Profit Growth

14.92 %

No. of Shares

28.936702 Cr.

Add your own Ratio
* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

 Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

 Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

 Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Sales Growth

1 Year19.95%
3 Year10.23%
5 Year8.47%

 Profit Growth

1 Year14.92%
3 Year5.96%
5 Year7.59%

 ROE

1 Year22.87%
3 Year23.55%
5 Year26.23%

 ROCE

1 Year32.62%
3 Year33.12%
5 Year37.04%

 Debt Equity

0.01

 Price to Cash Flow

28.29

  Interest Cover Ratio

1497.24

 CFO/PAT

0.829158301387329

 Share Holding Pattern

 Promoter Pledging %

Date Promoter % Pledge %
Dec 2019 53.52 0
Sep 2019 53.52 0
Jun 2019 53.52 0
Mar 2019 51.18 0
Dec 2018 49.3 0
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROE of 23.5466666666667% over the past 3 years.
  • Company has been maintaining healthy ROCE of 33.1233333333333% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 1497.24.
  • Company’s PEG ratio is 0.926549287090095.
  • The company has an efficient Cash Conversion Cycle of -16.48 days.
  • The company has a high promoter holding of 53.52%.

 Limitations

  • The company has shown a poor profit growth of 5.95700849517053% for the Past 3 years.
  • The company has shown a poor revenue growth of 10.2272423363402% for the Past 3 years.

 Quarterly Result (All Figures are in Crores.)

Particulars Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
Net Sales 7435.8 7395.19 7755.82 7707.32 7639.66
Other Income 413.53 432.73 441.25 393.44 366.22
Total Expenditure 6223.28 6232.94 6557.61 6429.27 6272.45
Operating Profit 1626.05 1594.98 1639.46 1671.49 1733.43
Interest 3.57 0.29 0.54 1.24 0.47
Depreciation 63.38 60.83 60.14 61.34 61.68
Exceptional Items 0 342 0 0 0
Profit Before Tax 1559.1 1875.86 1578.78 1608.91 1671.28
Tax 457.22 570.27 453.11 206.49 409.68
Profit After Tax 1101.88 1305.59 1125.67 1402.42 1261.6

 Profit & Loss (All Figures are in Crores except Adjusted EPS in Rs.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Net Sales 21612 22587 21767 25219 30250
Other Income 587 1074 1223 1493 1650
Total Expenditure 17503 17805 17346 20581 25269
Operating Profit 4696 5856 5644 6131 6631
Interest 6 1 1 1 4
Depreciation 264 307 307 315 266
Exceptional Items -340 0 0 -32 342
Profit Before Tax 4085 5547 5336 5783 6703
Tax 1271 1618 1508 1714 2028
Net Profit 2814 3930 3828 4068 4675
Adjusted EPS 97 136 132 141 162

 Balance Sheet (All Figures are in Crores.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity and Liabilities
Share Capital 289.37 289.37 289.37 289.37 289.37
Total Reserves 10402.78 12977.18 16744.76 18814.49 21490.53
Borrowings 111.77 117.86 119.9 120.77 124.52
Other N/C liabilities 281.61 321.1 448.28 483.57 602.29
Current liabilities 4476.79 2780.99 3212.58 4111.29 4873.68
Total Liabilities 15562.32 16486.5 20814.89 23819.49 27380.39
Assets
Net Block 1917.24 2025.67 1943.26 1821.22 1708.44
Capital WIP 101.72 26.89 10.64 11.15 11.54
Investments 3352.76 9001.08 8739.92 11880 17638.38
Loans & Advances 443.88 587.98 591.81 588.49 748.13
Other N/C Assets 220.45 119.63 137.89 283 211.24
Current Assets 9526.27 4725.25 9391.37 9235.63 7062.66
Total Assets 15562.32 16486.5 20814.89 23819.49 27380.39
* Other Non-current Liabilities include Net deferred Liabilities

 Cash Flows (All Figures are in Crores.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Profit Before Tax 4084.79 5547.32 5335.63 5782.57 6703.16
Adjustment -38.29 -619.07 -719.61 -858.96 -1540.44
Working Capital Changes -613.78 548.03 225.76 1022.26 -708.85
Tax Paid -1285.4 -1819.47 -1502.58 -1685.08 -1964.34
Operating Cash Flow 2147.32 3656.81 3339.2 4260.79 2489.53
Investing Cash Flow -414.35 -18.83 -3688.31 -1918.02 -244.08
Financing Cash Flow -1644.18 -3384.08 -190.09 -1885.26 -2074.05
Net Cash Flow 88.79 253.9 -539.2 457.51 171.4

 Corporate Actions

 Ratings & Research Reports

 Company Presentations

 Bajaj Auto Stock Price Analysis and Quick Research Report

Is Bajaj Auto an attractive stock to invest in?

 

The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Bajaj Auto is performing and if it is the right time to buy the stock of Bajaj Auto with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Bajaj Auto has reported decent sales growth of 19.95 % and in the latest quarter sales was Rs 763.966 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 35.5027727408764 times for Bajaj Auto . It is managing its inventory efficiently .
     
  • The company reported Profit growth of 14.92 % over the year, where the latest year profit is Rs 4675.18 Cr compared to the previous year of Rs 40.681 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 173.343 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Bajaj Auto has a healthy ROE of 22.8705970292361 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Bajaj Auto has a low Debt to Equity ratio of 0.00571719796693281.
     
  • Bajaj Auto pays a dividend of 60 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 2.05828373441279 %.
     
  • The share of promoter in the company is high at 53.52 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Bajaj Auto is 18.0426853832366 compared to the 5 year average PE of 19.458 .
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