NSE: BAJAJ-AUTO | BSE: 532977

Expensive Performer

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9071.00 -45.00 (-0.49%)

28.99% Fall from 52W High

687.0K NSE+BSE Volume

NSE 04 Sep, 2025 3:31 PM (IST)

253,314.6

Market Cap

Market Leader

1.2

Beta 1Year

High Volatility

Rising Wholesales

Bajaj Auto's total wholesales grow 5% YoY to 4.2 lakh units in August; exports up 29% YoY See details

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.

20 May 2019

9071.00

-0.49%

Bajaj Auto

Sell: Bajaj Auto Ltd.

Recommendation Target

ICICI Securities Limited

Bajaj Auto (BAL) reported steady Q4FY19 numbers with a surprise on ASPs (up 5% QoQ at | 60,533/unit) & exceptional item (| 342 crore) resulting in 21% increase in PAT on a YoY basis. Net revenues came in at | 7,395 crore (up 9.2% YoY). Total volumes for the quarter were at 11.9 lakh units (up 14% YoY) wherein 2-W volumes were at 10.0 lakh units (up 17% YoY) and 3-W volumes were 1.9 lakh units (up 1% YoY). Reported EBITDA margins were at 15.7% (up 11 bps QoQ). PAT in Q4FY19 grew 20.9% YoY to | 1,306 crore. PAT was higher supported by | 342 crore as exceptional gain realised in...

Bajaj Auto Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

20 May 2019

9071.00

-0.49%

Bajaj Auto

Buy: Bajaj Auto Ltd.

Recommendation Target

Arihant Capital

Bajaj Auto (BJAUT) reported strong set of numbers in subdued environment as Net sales stood at Rs 74.5bn (+9% YoY / -0.7% QoQ). Realizations were at Rs 62.5k (-4.5% YoY and +4.8% QoQ) on superior product mix led by strong export sales. Gross margins at 28.4% (-300bps YoY/ +20bps QoQ) were impacted by continued pricing disruption in entry level motorcycles (CT100 and platina). The exports volumes continued to grow stronger led by Africa, Indonesia (+13% YoY) which boosted the realizations on QoQ basis. The adjusted EBITDA margin stood at 16.5% (-380bps YoY/+31bps QoQ) and were impacted by higher staff costs (+17%...

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

Bajaj Auto Ltd.

19 May 2019

9071.00

-0.49%

Bajaj Auto (4QFY19): An inline performance. Maintain BUY

Buy: Bajaj Auto Ltd.

Target

HDFC Securities

We re-iterate BUY as (1) Bajaj's market share is back to 25% in motorbikes (earlier seen in CY16) (2) They will launch new variants particularly in the executive segment to increase share in the domestic segment (3) The margins are stabilizing at current levels. Bajajs adj. 4QFY19 PAT at Rs 10.7bn (-1% YoY) was inline with our estimates. We expect Bajaj to grow ahead of the market in FY20 as well driven by new launches across its product range. Our revised TP is Rs 3,330 (based on its long term ten year average PE multiple of 17.5x on FY21E earnings). While the two wheeler industry growth has been benign, Bajaj has expanded market share by recalibrating its strategy. Further, the company has a diversified product portfolio with three wheelers and exports accounting for ~50% of volumes. Re-iterate BUY.

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

Bajaj Auto Ltd.

17 May 2019

9071.00

-0.49%

In-line operating performance; FY20 domestic 2W industry outlook cautious

Neutral: Bajaj Auto Ltd.

Recommendation Target

Motilal Oswal

EBITDA margins flat QoQ despite better mix, favorable commodity prices: Revenues grew 9% YoY to INR74b (our est. INR71.4b), with volume growth of 14% YoY. Realization improved 5.3% QoQ (down 4.6% YoY) to INR62k/unit (our est. INR59.8k/unit) due to favorable mix. EBITDA declined 12.6% YoY to INR11.6b (in-line), implying an EBITDA margin of 15.7% v/s our est. of 16% (390bp YoY, +10bp QoQ). Higher other income boosted adj. PAT to ~INR10.7b v/s our est. of ~INR10b. FY19 volumes/revenue/EBITDA/PAT grew 25%/20%/3%/10% - largely reflecting for trade-off of margins for market share. Management commentary: (a) Despite regional festivals in few states,...

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

Bajaj Auto Ltd.

17 May 2019

9071.00

-0.49%

Bajaj Auto

Hold: Bajaj Auto Ltd.

Sharekhan

(BAL) results are ahead of estimates on the operational front. Revenues at Rs 7,395 crore rose 9% y-o-y (broadly in line with estimates) driven by a strong 14% growth in volumes. BAL's efforts to gain market share in the domestic motorcycle segment and healthy export growth boosted volumes. Realization/vehicle dropped 5% y-o-y due to an adverse mix (higher share...

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

Bajaj Auto Ltd.

24 Apr 2019

9071.00

-0.49%

In a high-speed pursuit of market share

Economy Update: Bajaj Auto Ltd.

Motilal Oswal

Bajaj Auto (BJAUT) is strategically shifting its focus away from margins in an attempt to recoup its lost market share in domestic motorcycles. The aim is to expand its market share further to ~24% from ~18.7% now by plugging gaps in the portfolio. We expect domestic 2W demand trends to remain volatile until 1HFY21, with the risk of BS6 cost inflation puncturing the expected recovery in 2HFY20

Bajaj Auto Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

12 Mar 2019

9071.00

-0.49%

BAJAJ AUTO LIMITED

Buy: Bajaj Auto Ltd.

Target

Geojit BNP Paribas

EBITDA margin came in at 15.6% down by 397bpsYoY due to a) higher commodity cost b) higher discounts c) lower than expected forex realizations. PAT grew by 16%YoY due to higher other income We expects the EBITDA margin to be in range of 16-17% due to competition in the commuter segment. Given its strong brands and robust distribution network, BAL is in a superior position to benefit from export market. We expect revenue CAGR of 10% over FY19E-21E led by strong rural demand, new planned launches and export sales, will drive volume growth....

Bajaj Auto Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

01 Mar 2019

9071.00

-0.49%

Monthly Report

Buy: Bajaj Auto Ltd.

Recommendation Target

IDBI Capital

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

Bajaj Auto Ltd.

04 Feb 2019, 12:00AM

9071.00

-0.49%

Hero Motocorp: Attractive Valuation BUY

Buy: Bajaj Auto Ltd.

Target

Karvy

Attractive Valuation BUY: HMCL has faced major headwinds in the last nine months including aggressive price cuts by its nearest competitor Bajaj Auto (BAL) and five year insurance norm for two wheelers.

Bajaj Auto Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

01 Feb 2019

9071.00

-0.49%

Bajaj Auto Ltd. - Result Update - 01 February 2019

Buy: Bajaj Auto Ltd.

Way2Wealth

Strategy on entry level (M1) segment BAL took price cuts in the entry level segment in Q1FY19 to expand the lower end of market and also to gain market share. As a result, the company recorded a growth of 61% YoY in Q3FY19 as against 38% growth for the industry. CT sold over ~181,000 volumes, a growth of 77% over Q3FY18 and Platina clocked over ~195,000 units, growth of ~38% over Q3FY18. This resulted in market share improvement from 31.7% in Q3FY18 to ~37% in Q3FY19. BAL plans to occupy 45-50% of the market share in the M1 segment over the medium term. Currently, Platina sales are picking up in the near term which is profitable compared to...

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

Is Bajaj Auto Ltd. worth buying?

469 Votes:

Buy 71.64%

Sell 17.48%

Hold 10.87%

RESEARCH REPORTS

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