ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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. It operates through the Automotive and Investments and Others segments. 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 2021 INRUSD
Revenue277,410.80M3,736.92M
Gross Profit65,962.30M888.56M
Operating income46,653.10M628.45M
Income before tax59,351.10M799.50M
Net income48,570.20M654.27M
EBITDA49,246.80M663.39M
Diluted EPS167.902.26
Dividends Per Share1401.88
Total Assets336,017.10M4,595.81M
Total liabilities62,896.20M860.25M
Total equity272,734.30M3,730.27M
Operating cash flow31,987.40M430.89M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 213,945.30M 247,138.10M 296,615.80M 292,044.50M 277,410.80M
Gross Profit 51,789M 56,294.70M 56,240.30M 57,751M 65,962.30M
Operating income 38,609.30M 41,381.30M 43,501.10M 43,042.50M 46,653.10M
Income before tax 53,329.30M 59,334.10M 66,058.30M 63,706.20M 59,351.10M
Net income 40,794.90M 42,189.50M 49,276.10M 52,119.10M 48,570.20M
EBITDA 41,656.70M 44,120.80M 46,141.90M 45,490.80M 49,246.80M
Diluted EPS 141 145.80 170.28 180.17 167.90
Dividends Per Share 55 60 60 120 140
Total Assets 218,061.90M 253,438.70M 289,285.70M 266,861M 336,017.10M
Total liabilities 39,003.30M 48,720M 56,508M 49,827.10M 62,896.20M
Total equity 178,565.70M 204,252.40M 232,338.10M 216,620.80M 272,734.30M
Operating cash flow 33,417.60M 43,970.50M 25,076.70M 39,196.60M 31,987.40M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 3,190.49M 3,833.61M 4,240.84M 4,118.75M 3,736.92M
Gross Profit 772.31M 873.24M 804.09M 814.47M 888.56M
Operating income 575.76M 641.90M 621.95M 607.03M 628.45M
Income before tax 795.28M 920.39M 944.46M 898.46M 799.50M
Net income 608.36M 654.44M 704.52M 735.04M 654.27M
EBITDA 621.21M 684.40M 659.71M 641.56M 663.39M
Diluted EPS 2.10 2.26 2.43 2.54 2.26
Dividends Per Share 0.82 0.93 0.85 1.69 1.88
Total Assets 3,358.15M 3,885.80M 4,175.90M 3,527.51M 4,595.81M
Total liabilities 600.65M 746.99M 815.70M 658.64M 860.25M
Total equity 2,749.91M 3,131.66M 3,353.85M 2,863.41M 3,730.27M
Operating cash flow 498.34M 682.07M 358.53M 552.79M 430.89M

Valuation Measures

Mar 2021
PER21.86
ROA16.11%
ROE19.85%
Operating margin16.81%
Profit margin17.50%

Key executives

  • Managing Director & Executive Director: Rajivnayan Rahulkumar Bajaj
  • CFO & President-Finance Division: Soumen Ray
  • 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 Corp of India (7.9%)
  • Jaya Hind Industries Ltd. (3.3%)
  • Maharashtra Scooters Ltd. (2.3%)
  • BAJAJ SHISHIR KAMALNAYAN (1.5%)
  • SBI Funds Management Pvt Ltd. (1.3%)
  • Bachhraj & Co. Pvt Ltd. (1.2%)
  • The Vanguard Group, Inc. (0.8%)
  • BlackRock Fund Advisors (0.6%)

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 11 May, 2021

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

    Stay ahead with our exclusives on Asia;
    the most dynamic market in the world.

    Stay ahead with our exclusives on Asia

    Get trusted insights from experts within Asia itself.

    Get trusted insights from experts
    within Asia itself.

    Try 1 month for $0.99

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

    This is your last free article this month

    Stay ahead with our exclusives on Asia; the most
    dynamic market in the world
    .

    Get trusted insights from experts
    within Asia itself.

    Try 3 months for $9

    Offer ends January 31st

    Your trial period has expired

    You need a subscription to...

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers and subscribe

    Your full access to Nikkei Asia has expired

    You need a subscription to:

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers
    NAR on print phone, device, and tablet media

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more