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Consumer Durables

Bajaj Auto Ltd.

Company Background

Bajaj Auto is a core unit of the conglomerate Bajaj. It is jockeying for the second or third slot among motorcycle makers in India and dominates the market for three-wheel vehicles. It exports large numbers of motorcycles and three-wheel vehicles to countries in South Asia and Southeast Asia. Three-wheelers in general are called bajai in Indonesia.

 

The company was founded by late Jamnalal Bajaj. He was closely associated with Mohandas Gandhi and is well known for his support for Gandhi's nonviolent movement to win independence for India. Bajaj is in the financial services and manufacturing businesses. Bajaj Auto started out as a joint venture with Italian vehicles maker Piaggio in 1945 -- that partnership has been dissolved. Since its formation, the company has been a major force in India's vehicles market.

 

A majority stake in the company is owned by the founding family and its group companies. Its leading shareholder is the holding company of the group, Bajaj Holdings and Investment.

 

Bajaj Auto's chairman is Rahul Bajaj, a grandson of the founder. Rahul's eldest son, Rajiv, has served as managing director from 2005. Under the leadership of Rajiv, the company is working on new product development, concentrating resources on sporty motorcycles and four-wheel commercial vehicles developed on three-wheeler's technology.

Business Summary

Bajaj Auto Ltd. engages in the manufacture and market of motorcycles and three-wheeler vehicles. The firm operates through the following segments: Automotive and Investments and Others. It offers motorcycles, scooters, commercial vehicles and related spare parts. The company was founded by Kamalnayan Bajaj on November 29, 1945 and is headquartered in Pune, India.

Financial Highlights

Mar 2022 INRUSD
Revenue330,414.50M4,434.52M
Gross Profit70,923.90M951.87M
Operating income49,205.20M660.38M
Income before tax70,721.50M949.15M
Net income61,658.70M827.52M
EBITDA51,902.80M696.59M
Diluted EPS213.202.86
Dividends Per Share1401.87
Total Assets351,112.10M4,633.61M
Total liabilities52,155.50M688.29M
Total equity298,596.50M3,940.56M
Operating cash flow45,468.30M610.23M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 247,138.10M 296,615.80M 292,044.50M 272,066.50M 330,414.50M
Gross Profit 56,294.70M 56,240.30M 57,751M 53,889.10M 70,923.90M
Operating income 41,381.30M 43,501.10M 43,042.50M 43,066.60M 49,205.20M
Income before tax 59,334.10M 66,058.30M 63,706.20M 59,351.10M 70,721.50M
Net income 42,189.50M 49,276.10M 52,119.10M 48,570.20M 61,658.70M
EBITDA 44,120.80M 46,141.90M 45,490.80M 45,644.30M 51,902.80M
Diluted EPS 145.80 170.28 180.17 167.92 213.20
Dividends Per Share 60 60 120 140 140
Total Assets 253,438.70M 289,285.70M 266,861M 337,003M 351,112.10M
Total liabilities 48,720M 56,508M 49,827.10M 63,882.10M 52,155.50M
Total equity 204,252.40M 232,338.10M 216,620.80M 272,734.30M 298,596.50M
Operating cash flow 43,970.50M 25,076.70M 39,196.60M 31,980.40M 45,468.30M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 3,833.61M 4,240.84M 4,118.75M 3,664.93M 4,434.52M
Gross Profit 873.24M 804.09M 814.47M 725.92M 951.87M
Operating income 641.90M 621.95M 607.03M 580.13M 660.38M
Income before tax 920.39M 944.46M 898.46M 799.50M 949.15M
Net income 654.44M 704.52M 735.04M 654.27M 827.52M
EBITDA 684.40M 659.71M 641.56M 614.86M 696.59M
Diluted EPS 2.26 2.43 2.54 2.26 2.86
Dividends Per Share 0.93 0.85 1.69 1.88 1.87
Total Assets 3,885.80M 4,175.90M 3,527.51M 4,609.29M 4,633.61M
Total liabilities 746.99M 815.70M 658.64M 873.73M 688.29M
Total equity 3,131.66M 3,353.85M 2,863.41M 3,730.27M 3,940.56M
Operating cash flow 682.07M 358.53M 552.79M 430.79M 610.23M

Valuation Measures

Mar 2022
PER17.13
ROA17.92%
ROE21.58%
Operating margin14.89%
Profit margin18.66%

Key executives

  • Managing Director & Executive Director: Rajivnayan Rahulkumar Bajaj
  • Chief Financial Officer: Dinesh Thapar
  • Chief Technology Officer: Abraham Joseph
  • Secretary & Chief Compliance Officer: J. Sridhar
  • Chief Business Development Officer: Srinivasan Ravikumar

Shareholders

  • Bajaj Holdings & Investment Ltd. (33.4%)
  • BAJAJ NIRAJKUMAR RAMKRISHNAJI (10.9%)
  • Life Insurance Corporation of India (7.0%)
  • Jaya Hind Industries Ltd. (3.3%)
  • Maharashtra Scooters Ltd. (2.3%)
  • BAJAJ SHISHIR KAMALNAYAN (1.5%)
  • Bachhraj & Co. Pvt Ltd. (1.2%)
  • SBI Funds Management Pvt Ltd. (1.1%)
  • UTI Asset Management Co. Ltd. (Investment Management) (0.8%)
  • The Vanguard Group, Inc. (0.7%)

Contact Details

  • Website:http://www.bajajauto.com
  • Address: Bajaj Auto Ltd. Complex, Mumbai-Pune Road, Pune, 411035, India
  • Phone: +91.20.66106063

Related Companies

  • PT Bajaj Auto Indonesia
  • Disenos y Clasicos Mexico SA de CV
  • Bajaj Auto Ltd. Employees Welfare Trusts
  • Bajaj Auto Employees Welfare Funds
  • Bajaj Auto International Holdings BV

Competitors

    Last Updated on 20 May, 2022

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