Bajaj Auto Ltd.

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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	INR	USD
Revenue	330,414.50M	4,434.52M
Gross Profit	70,923.90M	951.87M
Operating income	49,205.20M	660.38M
Income before tax	70,721.50M	949.15M
Net income	61,658.70M	827.52M
EBITDA	51,902.80M	696.59M
Diluted EPS	213.20	2.86
Dividends Per Share	140	1.87
Total Assets	351,112.10M	4,633.61M
Total liabilities	52,155.50M	688.29M
Total equity	298,596.50M	3,940.56M
Operating cash flow	45,468.30M	610.23M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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
PER	17.13
ROA	17.92%
ROE	21.58%
Operating margin	14.89%
Profit margin	18.66%

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

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Competitors

Last Updated on 20 May, 2022