Arthneeti

Bajaj Auto Q1 FY27 Share Price & Earnings Call Analysis

₹10,383.00-0.97% today
Market cap
₹2.85L Cr
P/E
24.20
ROE
29.15%
PEG
1.16
Price to sales
3.99
Debt to equity
0.58
52W high / low
₹12,361 / ₹8,720
Sales growth (5Y)
17.79%
EBITDA margin
19.82%
Net profit margin
16.88%
Promoter holding
55.95%
Sales (last year)
₹71,460 Cr

Bajaj Auto, the flagship company of Bajaj Group, is a two-wheeler and three-wheeler manufacturing company that exports to 79 countries across several countries in Latin America, Southeast Asia, and many more. Its headquarter is in Pune, India. The company has acquired 76% of the KTM Brand which manufactures sports and super sports two-wheelers, which was 14% in 2007 when the company first acquired KTM. [1]

Guidance scorecard · Q1 FY27 call

What Bajaj Auto Ltd's management guided
and where it ranks in Automobiles

#10of 11 in
Automobiles
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Bajaj Auto expects to unlock capacity from current 7 million to over 9 million units per annum in the medium term, supporting growth.
  • Strong growth anticipated in premium motorcycle segments (125cc+), with new model launches and portfolio refreshes driving market share gains.
  • Electric vehicle (EV) two-wheelers and three-wheelers expected to see significant capacity expansions beyond 50,000 units currently; EV business showing robust double-digit EBITDA margins.
  • Domestic motorcycle growth expected to be driven by 125cc+ segment; 100cc segment will be participated in selectively focusing on profitability.
  • Exports business targeted to surpass 250,000 units per month, led by strong performance in LatAm, Africa, and commercial bike segments.

2 more points from Bajaj Auto Ltd's call on revenue

Create a free account to keep reading this call

Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Bajaj Auto Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Bajaj Auto is focusing on capacity expansion, particularly in the EV segment for two-wheelers and three-wheelers to capture rapid industry growth. Current EV two-wheeler capacity is 50,000 units with plans to increase through productivity improvements.
  • Investment continues in premium segments including the expansion of KTM and Triumph brands, with new product launches and store expansions.
  • Plans to increase manufacturing share in India for KTM, with substantial production continuing locally based on sound business logic, aiming to benefit from India’s competitive manufacturing environment.
  • Ongoing collaboration between Bajaj’s R&D and KTM’s R&D, with joint development projects for future ICE and EV portfolios.

2 more points from Bajaj Auto Ltd's call on capex

Create a free account to keep reading this call

Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Bajaj Auto Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Bajaj Auto Ltd said on the order book →

Full Q1 FY27 analysis
Full Automobiles ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Automobiles
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. M & MGood growth
    3
See all potential multibaggersWhere does Bajaj Auto Ltd rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Automobiles companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹58,318 Cr—
240%+Flat₹2,339 Cr83.8
3M & M20–40%Flat₹3.63L Cr18.9
420–40%Flat₹2.00L Cr34.4
520–40%Flat₹1.95L Cr56.2
620–40%Flat₹17,491 Cr—

Sign up free to see every company in the sector ranking and track Bajaj Auto Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Automobiles ranking

Financials of Bajaj Auto Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Bajaj Auto Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +54.95%55.06%55.06%55.04%55.04%55.03%55.04%55.04%54.99%55.01%55.01%55.95%
FIIs +14.64%14.53%14.19%14.32%12.45%11.61%10.30%9.66%8.84%8.82%9.01%8.87%
DIIs +8.66%8.47%8.73%8.67%9.98%10.92%12.01%12.78%14.07%14.35%13.42%13.19%
Government +0.07%0.08%0.08%0.08%0.08%0.08%0.08%0.00%0.00%0.12%0.12%0.12%
Public +21.67%21.88%21.92%21.89%22.44%22.32%22.53%22.51%22.01%21.62%22.44%21.88%
Others +0.00%0.00%0.00%0.00%0.00%0.04%0.03%0.01%0.09%0.08%0.00%0.00%
No. of Shareholders2,00,7952,97,6052,74,9562,69,6983,47,6553,44,3143,58,8063,57,6663,33,7923,14,0956,78,9542,87,267

Financials of Bajaj Auto Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +10,83812,16511,55511,93213,24713,16912,64613,13315,73516,20417,83221,68925,126
Expenses +8,7089,7509,2719,56211,17410,41810,28910,34012,90612,47514,75717,16120,230
Operating Profit2,1302,4152,2842,3702,0732,7512,3582,7932,8293,7303,0754,5284,896
OPM %20%20%20%20%16%21%19%21%18%23%17%21%19%
Other Income +5523564443353993483925095763591,894688592
Interest712304775120147224287314344387469
Depreciation9293939598102119118119119289405409
Profit before tax2,5842,6662,6062,5642,2992,8762,4842,9612,9993,6564,3364,4234,610
Tax %22%24%23%24%40%24%27%25%29%25%19%28%27%
Net Profit +2,0202,0332,0111,9421,3852,1961,8022,2102,1222,7503,4923,1893,384
EPS in Rs71.3971.7872.0569.5549.6178.6264.5279.1575.9998.38131.02115.41125.04

Financials of Bajaj Auto Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +21,59522,57421,75525,21030,35829,91927,74133,14536,45544,87050,99562,90580,851
Expenses +17,46717,78117,32620,36425,16024,80922,80327,88629,99136,10641,44049,80864,623
Operating Profit4,1284,7934,4294,8465,1985,1094,9385,2596,4658,7659,55513,09716,229
OPM %19%21%20%19%17%17%18%16%18%20%19%21%20%
Other Income +2281,1941,4681,4042,0281,8321,5702,6711,7031,7001,4722,6683,533
Interest6111437940603891,1691,514
Depreciation2673073073152662462592702863654146451,222
Profit before tax4,0835,6795,5885,9336,9566,6926,2417,6527,84210,04010,22413,95217,025
Tax %31%28%27%29%29%22%22%19%23%23%28%24%
Net Profit +3,0264,0614,0794,2194,9285,2124,8576,1666,0607,7087,32510,57412,815
EPS in Rs104.56140.35140.98145.80170.29180.11167.85213.08214.17276.10262.29384.41469.85
Dividend Payout %48%39%39%41%35%67%83%66%65%29%80%39%

Financials of Bajaj Auto Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital289289289289289289289289283279279280275
Reserves10,80613,73117,56720,13622,94421,37326,98429,57029,07928,68334,90938,55236,331
Borrowings +1121181201211251261211231241,9129,36422,71326,401
Other Liabilities +4,7583,1023,6614,5955,4764,7226,2075,1295,6518,4709,55715,36918,552
Total Liabilities15,96617,24021,63825,14128,83426,51033,60235,11135,13639,34454,11076,91481,559
Fixed Assets +2,4482,0262,0021,8781,7641,6991,6681,8362,8423,2173,67711,96113,456
CWIP255524256486016778535611,521201
Investments8,98511,06715,47718,89520,60319,91424,68726,63426,18328,08728,91424,64223,890
Other Assets +4,2774,0954,1174,3126,4204,8377,2326,5646,0268,00521,45938,79044,012
Total Assets15,96617,24021,63825,14128,83426,51033,60235,11135,13639,34454,11076,91481,559

Financials of Bajaj Auto Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +2,1143,6903,2674,3282,4873,8503,1204,1975,2776,558-1,4062,597
Cash from Investing Activity +-380-68-3,610-1,954-2731,766-2,8692761,211-72-1,053-7,018
Cash from Financing Activity +-1,644-3,384-190-1,885-2,074-6,247-20-4,056-7,181-6,1674,2305,079
Net Cash Flow90238-532488140-630231417-6923191,771658
Free Cash Flow1,8193,4193,0704,1452,3793,5702,8663,6804,3045,847-2,2731,885
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit82%115%108%124%86%108%90%112%111%102%14%46%

Financials of Bajaj Auto Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days121216223121361718171520
Inventory Days201718161618281822192254
Days Payable434956686356855458646676
Cash Conversion Cycle-11-20-22-31-17-16-22-19-18-28-29-1
Working Capital Days-22-4-2-21-4-9-0-3-9-30-622
ROCE %40%45%35%31%30%30%25%23%27%34%28%28%

Guidance history

How Bajaj Auto Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →10–20%FlatPlannedNone planned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

65out of 100

Momentum score · price trend

65 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+15.8%71%
Last 6 months+9.9%67%
Last 3 months−7.5%50%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Bajaj Auto Ltd: 0.4 × 71 + 0.4 × 67 + 0.2 × 50 = 65.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Bajaj Auto Ltd's management said in earlier quarters

Others in Automobiles this season

  • Force Motors Ltd (Q2 FY27)

    Quarterly Revenue from Operations:** ₹2,924.66 crore for Q2 FY 2026-27 (Sept 30, 2026) . Key results statement takeaways from Force Motors Ltd's Q2 FY27 results

  • Hero MotoCorp Ltd (Q2 FY27)

    Q2 FY27 Revenue from Operations: ₹14,687 Cr, up 21% YoY from ₹12,126 Cr in Q2 FY26 (Page 5) . Key investor presentation takeaways from Hero MotoCorp Ltd's Q2 FY

  • Hyundai Motor India Ltd (Q2 FY27)

    Q2 FY27 Revenue: ₹206,961 Mn, YoY increase of 9.3% (Page 16) . Key investor presentation takeaways from Hyundai Motor India Ltd's Q2 FY27 investor presentation

  • TVS Motor Company Ltd (Q2 FY27)

    17,103 Crores, up 44% from Rs. Key investor presentation takeaways from TVS Motor Company Ltd's Q2 FY27 investor presentation — and how it ranks against sector

Compare:vs M & Mvs Maruti Suzuki India Ltdvs TVS Motor Company Ltd