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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. 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 2020 INRUSD
Revenue292,044.50M4,118.75M
Gross Profit57,751M814.47M
Operating income43,042.50M607.03M
Income before tax63,706.20M898.46M
Net income52,119.10M735.04M
EBITDA45,490.80M641.56M
Diluted EPS180.172.54
Dividends Per Share1201.69
Total Assets266,861M3,527.51M
Total liabilities49,827.10M658.64M
Total equity216,620.80M2,863.41M
Operating cash flow39,196.60M552.79M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 221,849.90M 213,945.30M 247,138.10M 296,615.80M 292,044.50M
Gross Profit 54,415.80M 51,789M 56,294.70M 56,240.30M 57,751M
Operating income 41,871.10M 38,609.30M 41,381.30M 43,501.10M 43,042.50M
Income before tax 54,574.50M 53,329.30M 59,334.10M 66,058.30M 63,706.20M
Net income 40,612.40M 40,794.90M 42,189.50M 49,276.10M 52,119.10M
EBITDA 44,910.50M 41,656.70M 44,120.80M 46,141.90M 45,490.80M
Diluted EPS 140.30 141 145.80 170.28 180.17
Dividends Per Share 55 55 60 60 120
Total Assets 173,676.90M 218,061.90M 253,438.70M 289,285.70M 266,861M
Total liabilities 33,063.90M 39,003.30M 48,720M 56,508M 49,827.10M
Total equity 140,203.10M 178,565.70M 204,252.40M 232,338.10M 216,620.80M
Operating cash flow 37,735.60M 33,417.60M 43,970.50M 25,076.70M 39,196.60M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 3,388.53M 3,190.49M 3,833.61M 4,240.84M 4,118.75M
Gross Profit 831.14M 772.31M 873.24M 804.09M 814.47M
Operating income 639.53M 575.76M 641.90M 621.95M 607.03M
Income before tax 833.56M 795.28M 920.39M 944.46M 898.46M
Net income 620.31M 608.36M 654.44M 704.52M 735.04M
EBITDA 685.96M 621.21M 684.40M 659.71M 641.56M
Diluted EPS 2.14 2.10 2.26 2.43 2.54
Dividends Per Share 0.84 0.82 0.93 0.85 1.69
Total Assets 2,622.62M 3,358.15M 3,885.80M 4,175.90M 3,527.51M
Total liabilities 499.28M 600.65M 746.99M 815.70M 658.64M
Total equity 2,117.15M 2,749.91M 3,131.66M 3,353.85M 2,863.41M
Operating cash flow 576.37M 498.34M 682.07M 358.53M 552.79M

Valuation Measures

Mar 2020
PER11.23
ROA18.74%
ROE23.21%
Operating margin14.73%
Profit margin17.84%

Key executives

  • Managing Director & Executive Director: Rajivnayan R. 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%)
  • 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. (1.0%)
  • Norges Bank Investment Management (1.0%)
  • BAJAJ RAHUL KUMAR (0.9%)

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 10 Aug, 2020

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