Manufactures and sells motorcycles, scooters, three-wheelers and commercial vehicles, with the bulk of revenue from the Automotive segment. In the year ending 31 March 2026, Automotive made up 93% of segment revenue at Rs 60,530.43 cr, Financing 5% at Rs 3,247.61 cr, and Investments 2% at Rs 1,309.18 cr. Exports are a central pillar — Q1 FY27 set a record with 7,32,000 units shipped for USD 735 mn, equivalent to 40% of revenue, with Africa, Latin America and Asia as key markets. The electric two-wheeler portfolio (Chetak) is now 30% of domestic revenues and held 21% market share, while in commercial vehicles the business kept a 75% ICE three-wheeler share and gained over 35% share in the electric three-wheeler (e-Auto) segment. Capacity is being expanded from 7 million to about 9 million units per year across ICE, EV and high-end motorcycles. Financing activity runs through Bajaj Auto Finance (BSCL), which crossed 1 million customers with Rs 12,000 cr of AUM. Materials are the dominant cost at 61.6% of revenue, with employees at 3.9% and other opex at 7.9%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Automotive (93%), Financing (5%), Investments (2%). Asset-heavy automotive manufacturing with large export exposure, growing EV portfolio, and a captive financing arm.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 33,145 | 36,455 | 44,870 | 50,995 | 62,905 |
| EBITDA (ex other income) | 6,066 | 6,451 | 8,762 | 10,468 | 13,022 |
| margin % | 18.3 | 17.7 | 19.5 | 20.5 | 20.7 |
| Owners' profit | 6,166 | 6,060 | 7,708 | 7,325 | 10,744 |
| EPS, as reported (₹) | 213.20 | 212.50 | 272.70 | 262.40 | 385.00 |
| ROE % · ROCE % | 20.6 · 23.3 | 20.6 · 24.6 | 26.6 · 32.5 | 20.8 · 27.1 | 26.3 · 25.2 |
| Debt / equity (x) | 0.00 | 0.00 | 0.06 | 0.26 | 0.55 |
| Cash from operations | 4,197 | 5,277 | 6,558 | (1,406) | 2,597 |
| Capex | (551) | (1,074) | (706) | (814) | (560) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13,247 | 13,169 | 12,646 | 13,133 | 15,735 | 16,204 | 17,832 | 21,689 |
| Profit before tax | 2,879 | 2,876 | 2,819 | 2,961 | 3,633 | 3,656 | 3,141 | 4,427 |
| Net profit | 1,385 | 2,196 | 1,802 | 2,210 | 2,122 | 2,750 | 3,492 | 3,189 |
| EPS (₹) | 49.70 | 78.70 | 64.60 | 79.20 | 76.00 | 98.50 | 131.10 | 115.50 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Automotive | 60,530 | 93.0 |
| Investments | 1,309 | 2.0 |
| Financing | 3,248 | 5.0 |
| Total, before eliminations | 65,087 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ AUTO LIMITED ◆ | 3,26,400 | 27.7 | 8.12 | 22.7 | 26.3 | 23.1 | 17.8 | 24.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Sept 2026 · Crisil reaffirms AAA/Stable rating on Bajaj Auto bank facilities | credit debt | medium | — | — |
| 1 Sept 2026 · Bajaj Auto August 2026 sales up 28% YoY, exports surge 53% | business updates | medium | — | — |
| 27 Aug 2026 · Step-down subsidiary Bajaj Mobility AG reports strong H1 2026 recovery | results | medium | — | — |
| 21 Aug 2026 · India Ratings affirms AAA/Stable rating on Bajaj Auto bank loan facilities | credit debt | medium | — | — |
| 18 Aug 2026 · LIC crosses 5 percent stake in Bajaj Auto via market purchase | ownership changes | medium | — | — |
| 5 Aug 2026 · Bajaj Auto to attend J.P Morgan India Conference on 21 Sep 2026 | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Bajaj Auto analyst meet on 10 Sep 2026 at Axis Capital conference | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Bajaj Auto schedules analyst meet with 360 ONE Capital on 26 August | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Bajaj Auto analyst meet on 12 Aug 2026 at Emkay conference in Mumbai | board shareholder meetings | low | — | — |
| 3 Aug 2026 · Bajaj Auto July 2026 sales up 30% YoY at 4.75 lakh units | business updates | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| EICHER MOTORS LTD | 2,06,699 | 35.8 | 8.23 | 28.7 | 22.0 | 23.2 | 21.8 | 31.0 |
| TVS MOTOR COMPANY LTD | 1,95,979 | 57.2 | 18.29 | 26.7 | 29.7 | 19.9 | 23.6 | 15.4 |
| HERO MOTOCORP LIMITED | 1,04,482 | 19.2 | 4.79 | 13.1 | 26.5 | 29.9 | 8.9 | 16.8 |
| ATHER ENERGY LIMITED | 63,441 | — | — | — | — | — | — | 0.8 |
| OLA ELECTRIC MOBILITY LTD | 17,824 | — | 5.32 | — | (54.7) | (37.0) | — | (29.9) |
| Zelio E Mobility Limited | 1,788 | 56.2 | — | — | — | 29.9 | — | — |
| WARDWIZARD INNO & MOB L | 172 | 81.7 | 1.14 | 11.7 | 1.3 | 1.8 | — | 6.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 27.7 | 35.8 | 3 of 7 | 67% |
| P/B | 8.1 | 6.7 | 4 of 6 | 40% |
| ROCE | 23.1 | 21.5 | 4 of 8 | 57% |
| ROE | 26.3 | 24.1 | 3 of 6 | 60% |
| Debt / Equity | 0.6 | 0.6 | 3 of 6 | 60% |
| EBITDA margin | 24.1 | 15.4 | 2 of 7 | 83% |
| Revenue growth | 65.1 | 32.5 | 1 of 6 | 100% |
| Profit growth | 44.3 | 21.4 | 2 of 6 | 80% |
| Market cap | 326400 | 63441 | 1 of 9 | 100% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
