Bajaj Auto Ltd.
In the news
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- How Modi won India's elections but paralyzed the economy Mar 11, 2020
- Bajaj Auto's domestic motorcycle sales skid amid shift to new fuel norm Feb 4, 2020
- Asian shares rebound even as Wuhan coronavirus fears linger Feb 4, 2020
- Asian stocks extend losses as China virus kills more people Jan 31, 2020 See more articles on 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
Financial Highlights
| Mar 2021 | INR | USD |
| Revenue | 277,410.80M | 3,736.92M |
| Gross Profit | 65,962.30M | 888.56M |
| Operating income | 46,653.10M | 628.45M |
| Income before tax | 59,351.10M | 799.50M |
| Net income | 48,570.20M | 654.27M |
| EBITDA | 49,246.80M | 663.39M |
| Diluted EPS | 167.90 | 2.26 |
| Dividends Per Share | 140 | 1.88 |
| Total Assets | 336,017.10M | 4,595.81M |
| Total liabilities | 62,896.20M | 860.25M |
| Total equity | 272,734.30M | 3,730.27M |
| Operating cash flow | 31,987.40M | 430.89M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 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 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 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 | |
| PER | 21.86 |
| ROA | 16.11% |
| ROE | 19.85% |
| Operating margin | 16.81% |
| Profit margin | 17.50% |
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
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Last Updated on 11 May, 2021
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