NSE: BAJAJ-AUTO | BSE: 532977

Expensive Performer

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8631.50 -58.00 (-0.67%)

32.43% Fall from 52W High

351.6K NSE+BSE Volume

NSE 29 Aug, 2025 3:31 PM (IST)

241,041.2

Market Cap

Market Leader

1.2

Beta 1Year

High Volatility

Bajaj Auto Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BAJAJ-AUTO, BSE:532977 Bajaj Auto Ltd.

Bajaj Auto Ltd.

29 Jul 2019

8631.50

-0.67%

Bajaj Auto

Sell: Bajaj Auto Ltd.

Target

ICICI Securities Limited

Bajaj Auto (BAL) reported a steady Q1FY20 performance. Net revenues came in at | 7,756 crore, up 4.5% YoY. Revenues grew higher than the 2% YoY volume growth to 12.5 lakh units given higher blended ASP of | 62,187/unit. The 2-W volumes were up 5% YoY to 10.8 lakh units while 3W volumes were down 16% YoY to 1.6 lakh units. Total exports were at 5.5 lakh units, up 2% YoY. EBITDA margins were at 15.4%, down 27 bps QoQ. BAL realised a marginal softening in input costs during Q1FY20. However, higher employee and other expenses as a percentage of sales dented...

Number of FII/FPI investors decreased from 1032 to 934 in Jun 2025 qtr

Bajaj Auto Ltd.

29 Jul 2019

8631.50

-0.67%

Bajaj Auto

Results Update: Bajaj Auto Ltd.

SMC online

year. Bottomline would have dropped more if not for rise in other income. Bajaj Auto sold 12.47lakh units in the quarter ended June 2019, higher by 1.7% compared with 12.26 lakh units sold in corresponding quarter last fiscal. Motorcycles sales increased 5.1% to 10.82lakh units while commercial vehicle sales dropped 16.3% to 1.64lakh units.While...

Bajaj Auto Ltd. has an average target of 9897.75 from 12 brokers.

Bajaj Auto Ltd.

29 Jul 2019

8631.50

-0.67%

Bajaj Auto: Dealing with uncertain period Maintain HOLD

Hold: Bajaj Auto Ltd.

Recommendation Target

Karvy

During Q1FY20, Bajaj Auto Ltd (BAL) sales grew by 3.9% YoY to Rs77.6bn (above estimates of Rs74.7bn) EBITDA margins reduced by 249bps YoY to 15.4% (our estimates were 15.6%).

Number of FII/FPI investors decreased from 1032 to 934 in Jun 2025 qtr

Bajaj Auto Ltd.

28 Jul 2019

8631.50

-0.67%

Bajaj Auto (1QFY20): On expected lines. Maintain BUY

Buy: Bajaj Auto Ltd.

Target

HDFC Securities

Re-iterate BUY as (1) After regaining market share in the motorbike segment in FY19 (to 25%), Bajaj is launching a new product in the mid-segment to strengthen its position, (2) Margins are bottoming out at ~15-16% (3) Bajaj has robust return ratios with ROEs of ~20% and healthy free cash flows. Bajajs 1QFY20 PAT (Rs 11.3bn, +1% YoY) was inline. After gaining market share in FY19, we expect further gains from Bajaj in FY20, driven by new launches. The OEM is well equipped for BSVI given existing supplies to KTM. Further, its diversified product portfolio (3W/exports are ~50% of volumes) provides cushion against volatility in domestic 2Ws. Re-iterate BUY, with a TP of Rs 3,000 (based on 10-year avg P/E of 17.5x on FY21E EPS).

Number of FII/FPI investors decreased from 1032 to 934 in Jun 2025 qtr

Bajaj Auto Ltd.

27 Jul 2019

8631.50

-0.67%

In-line; industry dynamics challenging; expects margin to stabilize at 15-16 %

Neutral: Bajaj Auto Ltd.

Target

Motilal Oswal

In-line; industry dynamics challenging; expects margin to stabilize at 15-16% Weaker mix, higher cost impact profitability: Revenues grew 4% YoY to INR77.5b (our estimate: INR75.7b). Despite the weak mix, realizations were flat QoQ (+2.2% YoY) at INR62k/unit (our estimate: INR60.7k) due to favourable FX and price increases for ABS. EBITDA margin shrank 250bp YoY (-110bp QoQ) to 15.4% (our estimate: 15.5%) due to the weaker mix and higher other expenses (higher marketing and CSR spend), partly offset by currency tailwinds. Higher other income and lower depreciation led to adj. PAT growth of 1% YoY to...

Bajaj Auto Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

26 Jul 2019

8631.50

-0.67%

Q1FY20 Result Update

Sell: Bajaj Auto Ltd.

Target

Prabhudas Lilladhar

With margin at 15.4% (lower 250bps YoY / 90bps QoQ), Bajaj Auto's (BJAUT) Change in Estimates | Target | Reco Q1FY20 operating performance missed estimates (PLe: 16.3%). BJAUT's strategy to gain market share in the domestic motorcycle segment might have...

Number of FII/FPI investors decreased from 1032 to 934 in Jun 2025 qtr

Bajaj Auto Ltd.

26 Jul 2019

8631.50

-0.67%

Bajaj Auto

Accumulate: Bajaj Auto Ltd.

Dolat Capital

Bajaj Auto's (BJAUT) 1QFY20 EBITDA was ` 12bn (-6.5% YoY) and margins was 15.4% (-182 bps YoY/-27bps QoQ), broadly in line with our estimates. The management expects 2W industry volume to remain subdued in the near-term, due to challenging macro conditions, we however expect BJAUT to outperform the industry's growth rate. We maintain our positive stance, given its 1) wide product portfolio and diversified geographical mix, 2) continued boost of distribution network, and 3) strong cash balance (22% of current market cap). However, margin recovery is unlikely in the...

Number of FII/FPI investors decreased from 1032 to 934 in Jun 2025 qtr

Bajaj Auto Ltd.

30 May 2019, 12:00AM

8631.50

-0.67%

BAJAJ AUTO LIMITED

Hold: Bajaj Auto Ltd.

Recommendation Target

Geojit BNP Paribas

Q4FY19 revenue grew by 9%YoY at Rs7,395cr on a sequential basis the revenue has been mostly flat. EBITDA margins came at 15.7% for Q4FY19 contracted 388bps YoY due to a) increase in marketing spends b) higher commodity...

Bajaj Auto Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

22 May 2019

8631.50

-0.67%

Bajaj Auto Ltd. - Result Update - 22 May 2019

Buy: Bajaj Auto Ltd.

Way2Wealth

3W volumes were almost flat for Q4FY19 (growth 6% QoQ). Growth in this segment was mainly because of exports (growth 34% YoY). The Company sold the highest ever number of units in the current fiscal. Exports to Egypt may remain under pressure because of regulatory concerns. This may create a hang on the 3W business as Egypt is...

Bajaj Auto Ltd. has an average target of 9897.75 from 12 brokers.

Bajaj Auto Ltd.

20 May 2019

8631.50

-0.67%

Bajaj Auto: Q4FY19 Result Review

Accumulate: Bajaj Auto Ltd.

Recommendation Target

IDBI Capital

Bajaj Auto (BJAUT) Q4FY19 result was in-line with our and below consensus estimates at operating level. EBITDA margin for the quarter stood at 15.7% vs our and consensus estimates of 15.8% and 16.3% respectively. We expect BJAUT domestic motorcycle sales to decline ~2% in FY20 mainly on account of higher base in commuter segment and weak buyer sentiment. We cut our FY20 revenue and earnings estimates by 1%/6% and introduce FY21 estimates. We have built in revenue/earnings CAGR of 8%/8% over FY19-21E with ROE of ~20% and average free cash flow of ~Rs45bn. We change our rating to REDUCE (earlier ACCUMULATE) and revise our TP to Rs2,670 (earlier Rs2,740)...

Bajaj Auto Ltd. is trading above all available SMAs

Is Bajaj Auto Ltd. worth buying?

469 Votes:

Buy 71.64%

Sell 17.48%

Hold 10.87%

RESEARCH REPORTS

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