Bajaj Auto Limited

BSE: BAJAJ-AUTO532977ISIN INE917I01010

Consumer Discretionary
2/3 Wheelers
BSE 100

Share price

₹10,597.20+91.20 (+0.87%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹12,470.00
52W low: ₹8,606.00
Off 52W high: -15.02%
1M return: +5.63%
3M return: -9.28%
6M return: +2.74%
1Y return: +21.15%
20D avg volume: 12,303
50 DMA: ₹10,968.68
200 DMA: ₹10,301.32

Key ratios Consolidated

Market cap: ₹2,91,215 Cr
Current price: ₹10,597.20
52W high / low: ₹12,470.00 / ₹8,606.00
Face value: ₹10.00
P/E: 22.72
P/B: 7.96
EPS (TTM): ₹466.34
Book value / share: ₹1,332.06
ROE: —
ROCE: 25.20%
Operating margin: —
Net margin: —
Debt / equity: 0.55
Net debt: ₹18,991 Cr
Interest cover: 12.46
Dividend yield: 1.42%
Dividend / share (TTM): ₹150.00
Payout: 32.17%
Cash conversion cycle: 5.6 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	25,126	21,689	17,832	16,204	15,735	13,133	12,646	13,169	13,247	11,932	11,555	12,165
	551.12	687.86	661.40	436.04	575.80	508.98	392.23	347.53	399.33	335.32	359.99	356.33
	25,677	22,377	18,494	16,640	16,311	13,642	13,039	13,516	13,647	12,267	11,915	12,522
	21,107	17,950	15,391	12,908	12,677	10,682	10,219	10,640	10,767	9,704	9,393	9,855
	15,783	13,261	11,008	9,926	9,785	8,042	7,657	8,509	8,611	7,417	7,458	7,891
	1,030	779.74	796.14	863.38	898.52	696.59	808.72	722.24	803.39	702.12	728.02	693.37
	1,374	1,387	897.58	516.24	527.45	520.17	474.66	484.42	474.91	491.81	420.62	404.15
	468.69	387.34	344.36	313.63	286.84	223.76	146.52	120.21	75.20	46.97	29.63	12.10
	409.04	404.83	288.93	119.26	118.99	117.51	119.23	101.72	98.27	95.01	92.81	92.91
	1,858	1,755	1,509	1,236	1,220	1,007	977.58	794.19	825.74	781.50	747.55	699.45
	4,569	4,427	3,103	3,733	3,633	2,961	2,819	2,876	2,879	2,564	2,522	2,666
	0.00	0.00	37.52	-76.73	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	4,569	4,427	3,141	3,656	3,633	2,961	2,819	2,876	2,879	2,564	2,522	2,666
	1,225	1,235	843.85	906.35	876.63	750.21	682.38	680.78	913.65	621.99	594.32	633.60
	3,384	3,189	3,492	2,750	2,122	2,210	1,802	2,196	1,385	1,942	2,011	2,033
	124.60	115.50	131.10	98.50	76.00	79.20	64.60	78.70	49.70	69.60	71.20	71.90
Key metrics
	5,447	5,219	3,774	4,089	4,039	3,302	3,085	3,098	3,053	2,706	2,644	2,771
	21.70%	24.10%	21.20%	25.20%	25.70%	25.10%	24.40%	23.50%	23.00%	22.70%	22.90%	22.80%
	13.50%	14.70%	19.60%	17.00%	13.50%	16.80%	14.20%	16.70%	10.50%	16.30%	17.40%	16.70%
	8.80%	—	6.00%	—	9.10%	—	7.00%	—	—	—	—	—
	59.70%	65.10%	41.00%	23.10%	18.80%	10.10%	9.40%	8.20%	—	—	—	—
	59.50%	44.30%	93.80%	25.20%	53.20%	13.80%	-10.40%	8.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	80,851	62,905	50,995	44,870	36,455	33,145	27,741	29,919	30,250	25,563
	2,336	2,182	1,474	1,436	1,188	1,284	1,276	1,525	1,555	1,212
	83,188	65,087	52,469	46,306	37,643	34,429	29,018	31,443	31,805	26,776
	67,355	51,657	41,330	36,534	30,330	28,173	23,082	25,073	25,541	21,098
	49,979	38,761	32,194	29,267	24,073	22,170	18,308	19,485	20,301	15,999
	3,469	3,255	3,036	2,702	2,148	1,972	1,521	1,587	1,579	—
	4,174	2,461	1,926	1,627	1,484	1,363	1,288	1,391	1,257	1,069
	1,514	1,169	388.90	60.36	39.51	8.66	6.66	3.16	4.48	1.31
	1,222	644.69	414.23	364.77	285.85	269.76	259.37	246.43	265.69	—
	6,358	4,973	3,342	2,636	2,427	2,215	1,931	2,454	2,220	1,928
	15,832	13,430	11,139	9,772	7,313	6,256	5,935	6,371	6,264	5,678
	-39.21	-39.21	0.00	0.00	0.00	816.51	0.00	0.00	342.00	-32.00
	15,793	13,391	11,139	9,772	7,313	7,072	5,935	6,371	6,606	5,646
	4,210	3,377	2,899	2,332	1,782	1,486	1,384	1,480	2,028	1,714
	12,815	10,574	7,325	7,708	6,060	6,166	4,857	5,212	4,928	4,219
	469.70	385.00	262.40	272.70	212.50	213.20	167.90	180.20	170.30	—
Key metrics
	18,529	15,204	11,942	10,198	7,638	7,351	6,201	6,620	6,876	5,647
	22.92%	24.20%	23.40%	22.70%	21.00%	22.20%	22.40%	22.10%	22.70%	22.10%
	15.85%	16.80%	14.40%	17.20%	16.60%	18.60%	17.50%	17.40%	16.30%	16.50%
	—	25.20%	27.10%	—	—	—	—	—	—	—
	47.85%	23.40%	13.60%	23.10%	10.00%	19.50%	-7.30%	-1.10%	18.30%	—
	53.84%	44.40%	-5.00%	27.20%	-1.70%	26.90%	-6.80%	5.80%	16.80%	—
	—	2,036	-2,219	—	—	—	—	—	—	—
	—	0.25	-0.19	—	—	—	—	—	—	—
	—	0.55	0.26	—	—	—	—	—	—	—
	—	18,991	6,905	—	—	—	—	—	—	—
	—	5.6	-15.5	—	—	—	—	—	—	—
Balance sheet
	—	77,223	54,199	—	—	—	—	—	—	—
	—	33,977	19,446	—	—	—	—	—	—	—
	—	2,990	2,332	—	—	—	—	—	—	—
	—	3,473	2,125	—	—	—	—	—	—	—
	—	6,294	2,077	—	—	—	—	—	—	—
	—	2,679	860.81	—	—	—	—	—	—	—
	—	7,727	3,589	—	—	—	—	—	—	—
	—	8,804	6,373	—	—	—	—	—	—	—
	—	19,338	11,584	—	—	—	—	—	—	—
	—	21,981	9,237	—	—	—	—	—	—	—
	—	6,642	3,154	—	—	—	—	—	—	—
	—	15,339	6,083	—	—	—	—	—	—	—
	—	40,220	35,189	—	—	—	—	—	—	—
Cash flow
	—	2,597	-1,406	—	—	—	—	—	—	—
	—	-7,034	-1,056	—	—	—	—	—	—	—
	—	5,079	4,230	—	—	—	—	—	—	—
	—	560.39	813.54	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	20,003	17,244	16,006	15,220	14,922	12,584	12,148	12,807	13,127	11,928	11,485	12,114
	419.34	511.83	421.01	341.96	369.19	430.76	380.76	334.70	384.54	320.94	348.66	346.11
	20,423	17,756	16,427	15,562	15,291	13,015	12,529	13,142	13,512	12,249	11,833	12,460
	15,965	13,771	12,802	12,174	11,996	10,228	9,825	10,340	10,587	9,627	9,292	9,784
	13,228	11,158	10,573	9,868	9,718	8,092	7,647	8,379	8,723	7,517	7,458	7,891
	1,030	779.74	796.14	863.38	898.52	696.59	808.72	820.00	742.79	664.96	678.34	648.68
	468.85	466.72	421.39	419.42	409.66	413.78	364.54	386.45	393.49	434.96	387.23	384.56
	8.02	4.28	4.86	2.56	14.37	14.14	16.82	14.31	15.92	20.67	22.78	12.10
	124.66	118.11	113.69	111.94	111.71	110.87	111.13	99.67	95.60	93.69	90.56	88.12
	987.57	949.94	1,067	964.87	1,005	829.26	844.61	716.04	727.86	731.72	735.62	697.22
	4,457	3,985	3,625	3,388	3,295	2,788	2,703	2,801	2,925	2,622	2,542	2,676
	0.00	0.00	37.52	-61.32	0.00	0.00	0.00	—	—	—	—	—
	4,457	3,985	3,663	3,327	3,295	2,788	2,703	2,801	2,925	2,622	2,542	2,676
	1,104	1,002	916.53	823.83	815.03	691.54	654.09	692.72	920.16	633.50	605.57	633.88
	3,354	2,983	2,746	2,503	2,480	2,096	2,049	2,109	2,005	1,988	1,936	2,042
	121.60	106.80	98.30	89.70	88.80	75.10	73.40	75.50	71.90	71.20	68.50	72.20
Key metrics
	4,590	4,107	3,781	3,441	3,421	2,913	2,831	2,915	3,037	2,736	2,655	2,776
	22.90%	23.80%	23.60%	22.60%	22.90%	23.10%	23.30%	22.80%	23.10%	22.90%	23.10%	22.90%
	16.80%	17.30%	17.20%	16.40%	16.60%	16.70%	16.90%	16.50%	15.30%	16.70%	16.90%	16.90%
	13.40%	—	10.20%	—	10.30%	—	8.10%	—	—	—	—	—
	34.10%	37.00%	31.80%	18.80%	13.70%	5.50%	5.80%	5.70%	—	—	—	—
	35.20%	42.30%	34.00%	18.70%	23.70%	5.40%	5.90%	3.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	68,473	58,732	50,010	44,685	36,428	33,145	27,741	29,919	30,250	25,563
	1,694	1,563	1,421	1,402	1,181	1,209	1,276	1,734	1,649	1,347
	70,167	60,295	51,431	46,088	37,609	34,354	29,018	31,652	31,899	26,911
	54,712	47,200	40,379	36,266	30,200	28,164	23,079	25,072	25,538	21,096
	44,826	38,250	32,266	29,269	24,009	22,170	18,308	19,485	20,301	15,999
	3,469	3,255	3,036	2,545	2,144	1,972	1,521	1,587	1,579	1,401
	1,776	1,664	1,579	1,538	1,445	1,359	1,286	1,389	1,255	1,069
	19.72	35.93	67.72	53.50	39.48	8.66	6.66	3.16	4.48	1.31
	468.40	448.21	400.09	349.84	282.44	269.17	259.28	246.43	265.69	314.80
	3,969	3,866	2,995	2,629	2,407	2,211	1,929	2,455	2,218	1,926
	15,455	13,095	11,052	9,822	7,409	6,190	5,939	6,580	6,361	5,815
	-23.80	-23.80	0.00	—	—	315.28	—	—	342.00	-32.00
	15,432	13,072	11,052	9,822	7,409	6,505	5,939	6,580	6,703	5,783
	3,846	3,247	2,900	2,343	1,781	1,486	1,384	1,480	2,028	1,714
	11,586	9,825	8,151	7,479	5,628	5,019	4,555	5,100	4,675	4,068
	416.40	352.00	292.10	264.60	197.30	173.60	157.50	176.30	161.60	—
Key metrics
	15,920	13,556	11,520	10,225	7,731	6,783	6,205	6,830	6,973	6,099
	23.25%	23.10%	23.00%	22.90%	21.20%	20.50%	22.40%	22.80%	23.10%	23.90%
	16.92%	16.70%	16.30%	16.70%	15.40%	15.10%	16.40%	17.00%	15.50%	15.90%
	—	36.30%	33.30%	—	—	—	—	—	—	—
	30.52%	17.40%	11.90%	22.70%	9.90%	19.50%	-7.30%	-1.10%	18.30%	—
	32.65%	20.50%	9.00%	32.90%	12.10%	10.20%	-10.70%	9.10%	14.90%	—
	—	8,531	6,541	—	—	—	—	—	—	—
	—	0.91	0.89	—	—	—	—	—	—	—
	—	0.00	0.02	—	—	—	—	—	—	—
	—	-1,221	-13.42	—	—	—	—	—	—	—
	—	-14.2	-14.7	—	—	—	—	—	—	—
Balance sheet
	—	45,886	42,429	—	—	—	—	—	—	—
	—	16,729	13,427	—	—	—	—	—	—	—
	—	1,221	813.42	—	—	—	—	—	—	—
	—	2,712	2,283	—	—	—	—	—	—	—
	—	2,354	1,958	—	—	—	—	—	—	—
	—	1,353	785.27	—	—	—	—	—	—	—
	—	3,467	3,500	—	—	—	—	—	—	—
	—	7,356	6,268	—	—	—	—	—	—	—
	—	9,795	9,003	—	—	—	—	—	—	—
	—	0.00	800.00	—	—	—	—	—	—	—
	—	0.00	800.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	34,975	32,147	—	—	—	—	—	—	—
Cash flow
	—	8,961	7,267	—	—	—	—	—	—	—
	—	-1,936	-3,641	—	—	—	—	—	—	—
	—	-6,617	-3,254	—	—	—	—	—	—	—
	—	430.38	725.31	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +17.26%
Sales CAGR 5Y: +16.19%
Profit CAGR 3Y: +20.41%
Profit CAGR 5Y: +16.62%
Sales YoY (TTM): +30.52%
Profit YoY (TTM): +32.65%

Consolidated

Sales CAGR 3Y: +19.94%
Sales CAGR 5Y: +17.79%
Profit CAGR 3Y: +20.39%
Profit CAGR 5Y: +16.84%
Sales YoY (TTM): +47.85%
Profit YoY (TTM): +53.84%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 55.93%

Quarter	September 2026	June 2026
Promoter %	55.93%	55.00%

Holder	Type	Holding	Previous	Change
BAJAJ HOLDINGS AND INVESTMENT LIMITED	Promoter	34.77%	34.19%	+0.58%
JAMNALAL SONS PVT LIMITED	Promoter Group	9.45%	9.29%	+0.16%
LICI NEW ENDOWMENT PLUS-SECURED FUND	Public	5.12%	—	—
JAYA HIND INDUSTRIES PRIVATE LIMITED	Public	3.62%	3.56%	+0.06%
MAHARASHTRA SCOOTERS LIMITED	Promoter Group	2.52%	2.48%	+0.04%
BAJAJ SEVASHRAM PVT LIMITED	Promoter Group	1.60%	1.58%	+0.02%
SBI ARBITRAGE FUND	Public	1.39%	—	—
BACHHRAJ AND COMPANY PVT LIMITED	Promoter Group	1.34%	1.30%	+0.04%
YAMUNA TRUST	Public	1.32%	1.29%	+0.03%
HDFC VALUE FUND	Public	1.17%	—	—
BACHHRAJ FACTORIES PVT LIMITED	Promoter Group	0.70%	0.69%	+0.01%
BARODA INDUSTRIES PVT LIMITED	Promoter Group	0.60%	0.59%	+0.01%
SUMAN JAIN	Promoter Group	0.38%	0.37%	+0.01%
MANISH KEJRIWAL	Promoter Group	0.31%	0.30%	+0.01%
NIRAVNAYAN BAJAJ	Promoter Group	0.29%	0.28%	+0.01%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Bajaj Auto Limited	2,91,215	10,597.20	22.72	25.20%	+47.85% TTM	+53.84% TTM	+21.15%
TVS Motor Company Ltd.	2,05,475	4,325.00	51.53	29.00%	+34.00% TTM	+43.32% TTM	+23.96%
Eicher Motors Ltd.	2,03,613	7,417.00	35.27	23.50%	+28.07% TTM	+19.31% TTM	+7.13%
Hero MotoCorp Limited	1,07,930	5,392.15	17.90	30.30%	+27.00% TTM	+13.65% TTM	+1.56%
Ather Energy Limited	72,233	1,820.00	—	—	—	—	+172.64%
Ola Electric Mobility Limited	17,515	35.04	-9.32	-29.70%	-49.16% TTM	+26.13% TTM	—
Zelio E Mobility Limited	2,187	1,034.10	—	31.70%	—	—	+178.51%
WARDWIZARD INNOVATIONS AND MOBILITY LIMITED	96	3.20	102.19	13.80%	-3.33% TTM	-81.82% TTM	-71.56%
SUPERTECH EV LIMITED S	38	30.82	10.70	12.20%	—	—	-21.48%

Filings & corporate actions

Recent announcements

Intimation of ad hoc announcement made by Bajaj Mobility AG (formerly PIERER Mobility AG), a step-down subsidiary of Bajaj Auto Limited titled Quarterly Report Q3/26.3 Nov 2026 · Company Update / General
Transcript of the conference call held on 27 October 2026 of the Company''s Q2 FY27 results.2 Nov 2026 · Company Update / Earnings Call Transcript
Sales for the month of October 20262 Nov 2026 · Company Update / Press Release / Media Release
Analyst call intimation for the month of December scheduled on 02 December 2026.29 Oct 2026 · Company Update / Analyst / Investor Meet
Analyst call intimation for the month of November scheduled on 17 November 2026.29 Oct 2026 · Company Update / Analyst / Investor Meet
Analyst call intimation for the month of November scheduled on 16 November 2026.29 Oct 2026 · Company Update / Analyst / Investor Meet
Audio recording for Q2 FY27 results.27 Oct 2026 · Company Update / Analyst / Investor Meet
Revised filing with reference to intimation for Appointment of Ms. Pallavi Joshi Bakhru as Non-Executive Independent Director of the Company on account of updation under the Head: "Professional ....27 Oct 2026 · Company Update / Change in Directorate
Intimation of change in designation of senior management personnel27 Oct 2026 · Company Update / Change in Management
Intimation of change in senior management personnel27 Oct 2026 · Company Update / Change in Management
Appointment of Ms. Pallavi Joshi Bakhru as Non-Executive Independent Director of the Company27 Oct 2026 · Company Update / Change in Directorate
Unaudited financial results for quarter ended 30 September 202627 Oct 2026 · Board Meeting / Outcome of Board Meeting
Unaudited financial results for quarter ended 30 September 202627 Oct 2026 · Result / Financial Results
Certificate under Reg. 74 (5) of SEBI (DP) Regulation, 2018 for the quarter ended 30 September 2026.14 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Q2 FY27 Results Conference call on Tuesday, 27 October 2026 at 07:15 p.m. IST8 Oct 2026 · Company Update / Analyst / Investor Meet
Bajaj Auto Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/10/2026 ,inter alia, to consider and approve the unaudited standalone and consolidated ....6 Oct 2026 · Board Meeting / Board Meeting
Sales for the month of September 20261 Oct 2026 · Company Update / Press Release / Media Release
Intimation is hereby given for Newspaper Advertisement regarding the Notice of Special Window for Transfer and Dematerialisation of Physical Securities.29 Sep 2026 · Company Update / Newspaper Publication
Closure of Trading Window28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of credit rating1 Sep 2026 · Company Update / Credit Rating
Sales for the month of August 20261 Sep 2026 · Company Update / Press Release / Media Release
Intimation of ad hoc announcement made by Bajaj Mobility AG (formerly PIERER Mobility AG), a step-down subsidiary of Bajaj Auto Limited titled Results of the First Half of 202627 Aug 2026 · Company Update / General
Intimation of credit rating21 Aug 2026 · Company Update / Credit Rating
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Life Insurance Corporation of India18 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Analyst call intimation for the month of September scheduled on 21 September 20265 Aug 2026 · Company Update / Analyst / Investor Meet
Analyst call intimation for the month of September scheduled on 10 September 20265 Aug 2026 · Company Update / Analyst / Investor Meet
Analyst call intimation for the month of August scheduled on 26 August 20265 Aug 2026 · Company Update / Analyst / Investor Meet
Analyst call intimation for the month of August scheduled on 12 August 20265 Aug 2026 · Company Update / Analyst / Investor Meet
Sales for the month of July 2026.3 Aug 2026 · Company Update / Press Release / Media Release
The Company has intimated the stock exchange regarding the newspaper advertisement on Special Window for Transfer and Dematerialisation of Physical securities.28 Jul 2026 · Company Update / Newspaper Publication
Transcript of the conference call held on 21 July 2026 of the Company''s Q1 FY27 results.27 Jul 2026 · Company Update / Earnings Call Transcript
Completion of extinguishment of 46,94,000 shares- Buy Back24 Jul 2026 · Company Update / Closure of Buy Back
Voting results and Scrutinizer''s Report for 19th Annual General Meeting of the Company held on 21 July 202622 Jul 2026 · AGM/EGM / AGM
Audio recording for Q1 FY27 results21 Jul 2026 · Company Update / Analyst / Investor Meet
Summary of proceedings of the 19th Annual General Meeting held on 21 July 202621 Jul 2026 · AGM/EGM / AGM
Outcome of Meeting - Intimation of seventh grant of stock options as per Bajaj Auto Employee Stock Option Scheme, 201921 Jul 2026 · Company Update / General
Unaudited financial results for quarter ended 30 June 202621 Jul 2026 · Board Meeting / Outcome of Board Meeting
Outcome of Board Meeting - Unaudited financial results for the quarter ended 30 June 202621 Jul 2026 · Result / Financial Results
Certificate under Regulation 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended 30 June 2026.17 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Post Buyback Public Advertisement published in the Financial express, Loksatta and Jansatta Newspapers16 Jul 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Buy Back of Shares	24 Jun 2026	24 Jun 2026	—
Final Dividend - Rs. - 150.0000	29 May 2026	29 May 2026	—
Final Dividend - Rs. - 210.0000	20 Jun 2025	20 Jun 2025	—

Board meetings

27 Oct 2026 Board Meeting - Financial Results
21 Jul 2026 Board Meeting - Financial Results