Bajaj Auto Limited

BSE: BAJAJ-AUTO532977ISIN INE917I01010

Consumer Discretionary
2/3 Wheelers
BSE 100

BSE listing

Share price

₹11,499.85-24.15 (-0.21%)

as of 18 Sep 2026

52W high: ₹12,470.00
52W low: ₹8,490.10
Off 52W high: -7.78%
1M return: -1.71%
3M return: +14.25%
6M return: +27.01%
1Y return: +26.72%
20D avg volume: 12,735
50 DMA: ₹11,448.91
200 DMA: ₹10,105.42

Key ratios Consolidated

Market cap: ₹3,16,020 Cr
Current price: ₹11,499.85
52W high / low: ₹12,470.00 / ₹8,490.10
Face value: ₹10.00
P/E: 27.82
P/B: —
EPS (TTM): ₹413.34
Book value / share: —
ROE: —
ROCE: 25.20%
Operating margin: —
Net margin: —
Debt / equity: 0.55
Net debt: ₹18,991 Cr
Interest cover: 12.46
Dividend yield: 1.30%
Dividend / share (TTM): ₹150.00
Payout: 36.29%
Cash conversion cycle: 5.6 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	21,689	17,832	16,204	15,735	13,133	12,646	13,169	13,247	11,932	11,555	12,165	10,838
	687.86	661.40	436.04	575.80	508.98	392.23	347.53	399.33	335.32	359.99	356.33	368.60
	17,950	15,391	12,908	12,677	10,682	10,219	10,640	10,767	9,704	9,393	9,855	8,806
	13,261	11,008	9,926	9,785	8,042	7,657	8,509	8,611	7,417	7,458	7,891	7,231
	779.74	796.14	863.38	898.52	696.59	808.72	722.24	803.39	702.12	728.02	693.37	666.02
	1,387	897.58	516.24	527.45	520.17	474.66	484.42	474.91	491.81	420.62	404.15	400.88
	387.34	344.36	313.63	286.84	223.76	146.52	120.21	75.20	46.97	29.63	12.10	6.54
	404.83	288.93	119.26	118.99	117.51	119.23	101.72	98.27	95.01	92.81	92.91	91.82
	1,755	1,509	1,236	1,220	1,007	977.58	794.19	825.74	781.50	747.55	699.45	609.33
	4,427	3,103	3,733	3,633	2,961	2,819	2,876	2,879	2,564	2,522	2,666	2,400
	0.00	37.52	-76.73	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	4,427	3,141	3,656	3,633	2,961	2,819	2,876	2,879	2,564	2,522	2,666	2,400
	1,235	843.85	906.35	876.63	750.21	682.38	680.78	913.65	621.99	594.32	633.60	563.97
	3,189	3,492	2,750	2,122	2,210	1,802	2,196	1,385	1,942	2,011	2,033	2,020
	115.50	131.10	98.50	76.00	79.20	64.60	78.70	49.70	69.60	71.20	71.90	71.40
Key metrics
	5,219	3,774	4,089	4,039	3,302	3,085	3,098	3,053	2,706	2,644	2,771	2,499
	24.10%	21.20%	25.20%	25.70%	25.10%	24.40%	23.50%	23.00%	22.70%	22.90%	22.80%	23.10%
	14.70%	19.60%	17.00%	13.50%	16.80%	14.20%	16.70%	10.50%	16.30%	17.40%	16.70%	18.60%
	—	6.00%	—	9.10%	—	7.00%	—	—	—	—	—	—
	65.10%	41.00%	23.10%	18.80%	10.10%	9.40%	8.20%	22.20%	—	—	—	—
	44.30%	93.80%	25.20%	53.20%	13.80%	-10.40%	8.00%	-31.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	71,460	62,905	50,995	44,870	36,455	33,145	27,741	29,919	30,250	25,563
	2,361	2,182	1,474	1,436	1,188	1,284	1,276	1,525	1,555	1,212
	58,925	51,657	41,330	36,534	30,330	28,173	23,082	25,073	25,541	21,098
	43,980	38,761	32,194	29,267	24,073	22,170	18,308	19,485	20,301	15,999
	3,338	3,255	3,036	2,702	2,148	1,972	1,521	1,587	1,579	—
	3,328	2,461	1,926	1,627	1,484	1,363	1,288	1,391	1,257	1,069
	1,332	1,169	388.90	60.36	39.51	8.66	6.66	3.16	4.48	1.31
	932.01	644.69	414.23	364.77	285.85	269.76	259.37	246.43	265.69	—
	5,720	4,973	3,342	2,636	2,427	2,215	1,931	2,454	2,220	1,928
	14,896	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
	14,857	13,391	11,139	9,772	7,313	7,072	5,935	6,371	6,606	5,646
	3,861	3,377	2,899	2,332	1,782	1,486	1,384	1,480	2,028	1,714
	11,553	10,574	7,325	7,708	6,060	6,166	4,857	5,212	4,928	4,219
	421.10	385.00	262.40	272.70	212.50	213.20	167.90	180.20	170.30	—
Key metrics
	17,121	15,204	11,942	10,198	7,638	7,351	6,201	6,620	6,876	5,647
	23.96%	24.20%	23.40%	22.70%	21.00%	22.20%	22.40%	22.10%	22.70%	22.10%
	16.17%	16.80%	14.40%	17.20%	16.60%	18.60%	17.50%	17.40%	16.30%	16.50%
	—	25.20%	27.10%	—	—	—	—	—	—	—
	—	23.40%	13.60%	23.10%	10.00%	19.50%	-7.30%	-1.10%	18.30%	—
	—	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	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	17,244	16,006	15,220	14,922	12,584	12,148	12,807	13,127	11,928	11,485	12,114	10,777
	511.83	421.01	341.96	369.19	430.76	380.76	334.70	384.54	320.94	348.66	346.11	361.35
	13,771	12,802	12,174	11,996	10,228	9,825	10,340	10,587	9,627	9,292	9,784	8,739
	11,158	10,573	9,868	9,718	8,092	7,647	8,379	8,723	7,517	7,458	7,891	7,223
	779.74	796.14	863.38	898.52	696.59	808.72	820.00	742.79	664.96	678.34	648.68	623.12
	466.72	421.39	419.42	409.66	413.78	364.54	386.45	393.49	434.96	387.23	384.56	381.61
	4.28	4.86	2.56	14.37	14.14	16.82	14.31	15.92	20.67	22.78	12.10	6.53
	118.11	113.69	111.94	111.71	110.87	111.13	99.67	95.60	93.69	90.56	88.12	87.63
	949.94	1,067	964.87	1,005	829.26	844.61	716.04	727.86	731.72	735.62	697.22	617.25
	3,985	3,625	3,388	3,295	2,788	2,703	2,801	2,925	2,622	2,542	2,676	2,400
	0.00	37.52	-61.32	0.00	0.00	0.00	—	—	—	—	—	—
	3,985	3,663	3,327	3,295	2,788	2,703	2,801	2,925	2,622	2,542	2,676	2,400
	1,002	916.53	823.83	815.03	691.54	654.09	692.72	920.16	633.50	605.57	633.88	563.90
	2,983	2,746	2,503	2,480	2,096	2,049	2,109	2,005	1,988	1,936	2,042	1,836
	106.80	98.30	89.70	88.80	75.10	73.40	75.50	71.90	71.20	68.50	72.20	64.90
Key metrics
	4,107	3,781	3,441	3,421	2,913	2,831	2,915	3,037	2,736	2,655	2,776	2,494
	23.80%	23.60%	22.60%	22.90%	23.10%	23.30%	22.80%	23.10%	22.90%	23.10%	22.90%	23.10%
	17.30%	17.20%	16.40%	16.60%	16.70%	16.90%	16.50%	15.30%	16.70%	16.90%	16.90%	17.00%
	—	10.20%	—	10.30%	—	8.10%	—	—	—	—	—	—
	37.00%	31.80%	18.80%	13.70%	5.50%	5.80%	5.70%	21.80%	—	—	—	—
	42.30%	34.00%	18.70%	23.70%	5.40%	5.90%	3.30%	9.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	63,392	58,732	50,010	44,685	36,428	33,145	27,741	29,919	30,250	25,563
	1,644	1,563	1,421	1,402	1,181	1,209	1,276	1,734	1,649	1,347
	50,743	47,200	40,379	36,266	30,200	28,164	23,079	25,072	25,538	21,096
	41,316	38,250	32,266	29,269	24,009	22,170	18,308	19,485	20,301	15,999
	3,338	3,255	3,036	2,545	2,144	1,972	1,521	1,587	1,579	1,401
	1,717	1,664	1,579	1,538	1,445	1,359	1,286	1,389	1,255	1,069
	26.07	35.93	67.72	53.50	39.48	8.66	6.66	3.16	4.48	1.31
	455.45	448.21	400.09	349.84	282.44	269.17	259.28	246.43	265.69	314.80
	3,987	3,866	2,995	2,629	2,407	2,211	1,929	2,455	2,218	1,926
	14,293	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
	14,269	13,072	11,052	9,822	7,409	6,505	5,939	6,580	6,703	5,783
	3,557	3,247	2,900	2,343	1,781	1,486	1,384	1,480	2,028	1,714
	10,712	9,825	8,151	7,479	5,628	5,019	4,555	5,100	4,675	4,068
	383.60	352.00	292.10	264.60	197.30	173.60	157.50	176.30	161.60	—
Key metrics
	14,750	13,556	11,520	10,225	7,731	6,783	6,205	6,830	6,973	6,099
	23.27%	23.10%	23.00%	22.90%	21.20%	20.50%	22.40%	22.80%	23.10%	23.90%
	16.90%	16.70%	16.30%	16.70%	15.40%	15.10%	16.40%	17.00%	15.50%	15.90%
	—	36.30%	33.30%	—	—	—	—	—	—	—
	—	17.40%	11.90%	22.70%	9.90%	19.50%	-7.30%	-1.10%	18.30%	—
	—	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%
Sales CAGR 10Y: —
Profit CAGR 3Y: +20.41%
Profit CAGR 5Y: +16.62%
Profit CAGR 10Y: —
Sales YoY (TTM): +25.12%
Profit YoY (TTM): +29.69%

Consolidated

Sales CAGR 3Y: +19.94%
Sales CAGR 5Y: +17.79%
Sales CAGR 10Y: —
Profit CAGR 3Y: +20.39%
Profit CAGR 5Y: +16.84%
Profit CAGR 10Y: —
Sales YoY (TTM): +36.91%
Profit YoY (TTM): +52.14%

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 Jun 2026

Promoter holding: 55.00%

Holder	Type	Holding	Previous	Change
BAJAJ HOLDINGS AND INVESTMENT LIMITED	Promoter	34.19%	—	—
JAMNALAL SONS PVT LIMITED	Promoter Group	9.29%	—	—
LICI ULIP-GROWTH FUND	Public	4.88%	—	—
JAYA HIND INDUSTRIES PRIVATE LIMITED	Public	3.56%	—	—
MAHARASHTRA SCOOTERS LIMITED	Promoter Group	2.48%	—	—
HDFC MUTUAL FUND-HDFC HYBRID DEBT FUND	Public	1.60%	—	—
BAJAJ SEVASHRAM PVT LIMITED	Promoter Group	1.58%	—	—
SBI NIFTY 50 EQUAL WEIGHT INDEX FUND	Public	1.35%	—	—
BACHHRAJ AND COMPANY PVT LIMITED	Promoter Group	1.30%	—	—
YAMUNA TRUST	Public	1.29%	—	—
NPS TRUST A/C UTI PENSION FUND LIMITED-SCHEME CENT	Public	1.01%	—	—
BACHHRAJ FACTORIES PVT LIMITED	Promoter Group	0.69%	—	—
BARODA INDUSTRIES PVT LIMITED	Promoter Group	0.59%	—	—
SUMAN JAIN	Promoter Group	0.37%	—	—
MANISH KEJRIWAL	Promoter Group	0.30%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

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
Kotak Mahindra Capital Company Ltd ("Manager to the Buyback") has submitted to BSE a copy of Post Buyback Public Advertisement for the attention of the Equity Shareholders / Beneficial ....16 Jul 2026 · Company Update / General
Intimation of ad hoc announcement made by Bajaj Mobility AG (formerly PIERER Mobility AG), a step-down subsidiary of Bajaj Auto Limited titled Preliminary figures for Q2 / 2026.16 Jul 2026 · Company Update / General
Local transport arrangements for the 19th AGM of the Company scheduled on 21 July 2026.14 Jul 2026 · Company Update / Newspaper Publication
Q1 FY27 Results Conference call on Tuesday, 21 July 2026 at 06:00 p.m. IST10 Jul 2026 · Company Update / Analyst / Investor Meet
Sales for the month of June 2026.2 Jul 2026 · Company Update / Press Release / Media Release
Bajaj Auto Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/07/2026 ,inter alia, to consider and approve the unaudited standalone and consolidated ....1 Jul 2026 · Board Meeting / Board Meeting
Kotak Mahindra Capital Company Ltd ("Manager to the Buyback Offer") has submitted to BSE a copy of newspaper advertisement in relation to dispatch of Letter of Offer dated June 29, 2026 ....30 Jun 2026 · Company Update / General
Update to the intimation under Regulation 30 (Schedule III, Para A - Part A) of the SEBI (LODR) Regulations, 2015.30 Jun 2026 · Company Update / General
Copy of Newspaper publication regarding completion of dispatch of Letter of Offer and setting out details of key timelines, entitlement ratio for eligible shareholders and method of checking ....30 Jun 2026 · Company Update / Newspaper Publication
Kotak Mahindra Capital Company Ltd ("Manager to the Buyback Offer") has submitted to BSE a copy of Letter of Offer to the equity shareholder/ beneficial owner of Equity Shares of Bajaj ....29 Jun 2026 · Company Update / General
Closure of trading window29 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
This is in furtherance to our letter dated 22 June 2026, wherein we had submitted the public announcement dated 19 June 2026, in relation to the buyback of up to 46,94,000 (Forty six Lakhs ....29 Jun 2026 · Company Update / General
Update to the intimation of Cyber Security Incident.26 Jun 2026 · Company Update / General
The newspaper advertisements published in Financial Express and Kesari on 26 June 2026 for the shareholders of the Company informing, inter alia, about Annual General meeting and e-voting ....26 Jun 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Report for the financial year ended 31 March 2026.25 Jun 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for the financial year ended 31 March 202625 Jun 2026 · Others / Reg. 34 (1) Annual Report
Notice of 19th Annual General Meeting of the Company to be held on 21 July 2026.25 Jun 2026 · AGM/EGM / AGM
Intimation of Cyber Security Incident.23 Jun 2026 · Company Update / General
Issuance, allotment and listing of Non-convertible Debentures amounting to Rs. 500 Crores on Private placement basis by Bajaj Auto Credit Limited, a wholly owned subsidiary of Bajaj Auto Limited23 Jun 2026 · Company Update / General

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

21 Jul 2026 Board Meeting - Financial Results