|
20 Sep 2025 |
Bajaj Auto
|
Consensus Share Price Target
|
8971.50 |
9291.37 |
- |
3.57 |
hold
|
|
|
|
|
26 Apr 2023
|
Bajaj Auto
|
Prabhudas Lilladhar
|
8971.50
|
4130.00
|
4299.00
(108.69%)
|
|
Hold
|
|
|
|
|
26 Apr 2023
|
Bajaj Auto
|
ICICI Securities Limited
|
8971.50
|
4563.00
|
4342.55
(106.60%)
|
Target met |
Accumulate
|
|
|
Bajaj Auto (BJAUT) has reported stronger-than-expected Q4FY23 earnings, both at revenue and profitability levels, resulting in 9% beat on consensus EBITDA. Revenue was up 12% YoY at Rs89bn, driven mainly by mix improvement and pricing, resulting in ~27% jump in ASP YoY as against 12% decline in volume.
|
|
25 Apr 2023
|
Bajaj Auto
|
Motilal Oswal
|
8971.50
|
4400.00
|
4342.55
(106.60%)
|
Target met |
Neutral
|
|
|
|
|
25 Apr 2023
|
Bajaj Auto
|
Sharekhan
|
8971.50
|
4782.00
|
4299.00
(108.69%)
|
Target met |
Buy
|
|
|
|
|
27 Jan 2023
|
Bajaj Auto
|
ICICI Direct
|
8971.50
|
4100.00
|
3936.75
(127.89%)
|
Target met |
Hold
|
|
|
|
|
27 Jan 2023
|
Bajaj Auto
|
Axis Direct
|
8971.50
|
4170.00
|
3936.75
(127.89%)
|
Target met |
Buy
|
|
|
We value the stock at 15x (from 16x earlier on lower exports outlook) its FY'25E core EPS (Rs 3,864/share) and add Rs 306/share for the company's stake in PMAG to arrive at our TP of Rs 4,170/share (from Rs 4,000/share earlier). The TP implies an upside potential of 12% from the CMP.
|
|
27 Jan 2023
|
Bajaj Auto
|
SMC online
|
8971.50
|
|
3936.75
(127.89%)
|
|
Results Update
|
|
|
|
|
27 Jan 2023
|
Bajaj Auto
|
ICICI Securities Limited
|
8971.50
|
4051.00
|
3717.40
(141.34%)
|
Target met |
Accumulate
|
|
|
Bajaj Auto’s (BJAUT) Q3FY23 EBITDAM came in at 19.1% (up 180bps QoQ) vs our estimate of 18%. Combined effects of favourable currency rates (3% impact of QoQ USD/INR rate movement), higher spare sales, higher domestic 3W mix and falling input commodity prices drove gross margin (GM) expansion of 280bps QoQ with ASP increasing 7% QoQ.
|
|
26 Jan 2023
|
Bajaj Auto
|
LKP Securities
|
8971.50
|
4224.00
|
3717.40
(141.34%)
|
Target met |
Buy
|
|
|
|
|
18 Oct 2022
|
Bajaj Auto
|
Geojit BNP Paribas
|
8971.50
|
3910.00
|
3668.60
(144.55%)
|
Target met |
Hold
|
|
|
|