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BAJAJ-AUTO - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 19 Mar 26, 07:09 pm

Fundamental Rating: 4.0

Stock Code BAJAJ-AUTO Market Cap 2,59,120 Cr. Current Price 9,267 ₹ High / Low 10,187 ₹
Stock P/E 28.2 Book Value 1,100 ₹ Dividend Yield 2.27 % ROCE 37.6 %
ROE 28.5 % Face Value 10.0 ₹ DMA 50 9,498 ₹ DMA 200 9,120 ₹
Chg in FII Hold -0.82 % Chg in DII Hold 1.29 % PAT Qtr 2,549 Cr. PAT Prev Qtr 2,480 Cr.
RSI 44.1 MACD -145 Volume 2,51,912 Avg Vol 1Wk 3,92,418
Low price 7,088 ₹ High price 10,187 ₹ PEG Ratio 1.46 Debt to equity 0.00
52w Index 70.3 % Qtr Profit Var 20.9 % EPS 327 ₹ Industry PE 29.0

📊 Financial Overview

  • Revenue & Profitability: PAT improved from 2,480 Cr. to 2,549 Cr. (+20.9%), showing strong growth momentum.
  • Margins & Returns: ROCE (37.6%) and ROE (28.5%) are excellent, reflecting high efficiency and strong shareholder returns.
  • Debt: Debt-to-equity ratio at 0.00, debt-free balance sheet ensures financial stability.
  • Cash Flow: EPS at 327 ₹, consistent with robust profitability.

💹 Valuation Metrics

  • P/E Ratio: 28.2 vs Industry PE of 29.0 → Fairly valued.
  • P/B Ratio: Current Price ₹9,267 vs Book Value ₹1,100 → Stretched but supported by strong fundamentals.
  • PEG Ratio: 1.46 → Reasonable, suggesting valuation aligns with growth prospects.
  • Intrinsic Value: Current price close to fair value, supported by strong earnings and efficiency.

🏢 Business Model & Competitive Advantage

  • Global leader in two-wheelers with strong brand recognition.
  • Efficient operations, high margins, and strong export presence.
  • Debt-free structure enhances resilience and long-term sustainability.

📈 Entry Zone Recommendation

  • Technicals: RSI at 44.1 (neutral), MACD negative, price below 50DMA & 200DMA.
  • Suggested entry zone: ₹8,500–₹8,800 for accumulation.
  • Long-term holding viable given strong fundamentals, dividend yield, and industry leadership.


✅ Positive

  • Strong ROCE (37.6%) and ROE (28.5%).
  • Debt-free balance sheet.
  • Quarterly profit growth (+20.9%).
  • Dividend yield at 2.27% provides steady income.

⚠️ Limitation

  • Stock trading below DMA levels, showing weak momentum.
  • P/B ratio stretched compared to book value.
  • FII holding reduced (-0.82%).

📉 Company Negative News

  • FII holding decreased (-0.82%).
  • Weak technical momentum with MACD negative.

📈 Company Positive News

  • DII holding increased (+1.29%).
  • Quarterly profits improved steadily.
  • Strong dividend yield supports investor confidence.

🏭 Industry

  • Industry PE at 29.0, close to Bajaj Auto’s 28.2.
  • Automobile sector stable with long-term growth potential in India and exports.

🔎 Conclusion

  • Bajaj Auto shows excellent efficiency, strong profitability, and a debt-free balance sheet.
  • Valuation is fair compared to industry peers, supported by strong fundamentals.
  • Best strategy: Accumulate in the ₹8,500–₹8,800 zone.
  • Long-term holding viable given strong brand, dividend yield, and consistent earnings growth.

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