Based in Pune, Bajaj Auto Limited is a distinguished Indian multinational automotive manufacturer renowned for its diverse range of motorcycles, scooters, and auto rickshaws. As a flagship entity of the Bajaj Group, the company has solidified its presence both domestically and globally, with its products reaching over 70 countries. Bajaj Auto Limited’s commitment to innovation, quality, and customer satisfaction has earned it a prominent position in the automotive industry. Notably, it holds the esteemed title of being the world’s largest manufacturer of three-wheelers and India’s foremost motorcycle exporter. A testament to its success is its achievement as the first in the global two-wheeler and three-wheeler segment to attain a market capitalization of INR 2,45,925 Cr., reaffirming its status as a trailblazer and market leader in the automotive sector.
Recent News about Bajaj Auto
Led by CEO Elon Musk, Tesla has revealed ambitious plans to establish a Gigafactory in India, marking a significant step towards advancing the nation’s shift to sustainable transportation. The announcement, made during a virtual event, underscores Tesla’s dedication to expanding its global manufacturing presence and tapping into India’s burgeoning electric vehicle (EV) market. Positioned in Karnataka, the Gigafactory is poised to generate employment opportunities, stimulate economic development, and drive innovation within the EV sector. With India increasingly prioritizing clean energy initiatives and government support for EV adoption, Tesla’s entry is anticipated to stimulate competition, fuel industry expansion, and contribute to the country’s pursuit of an eco-friendlier transportation landscape.
Bajaj Auto surpasses expectations with a Q4 profit of Rs 2,011 crore
- Bajaj Auto Ltd reported robust financial results for Q4 FY2023-24, with a consolidated net profit of Rs 2,011.43 crore, marking an 18 percent increase from the same period last year.
- The company witnessed significant growth in revenue, with the January-March quarter revenue surging to Rs 11,249.8 crore, representing a substantial 30 percent increase compared to the corresponding period last year.
- Analysts’ estimates were exceeded, underscoring Bajaj Auto’s strong performance in both profitability and revenue generation during the quarter.
- Total income for Q4 witnessed a notable uptick, rising by 29.6 percent to Rs 11,914.94 crore, reflecting the company’s robust performance across various business segments.
- Bajaj Auto’s board announced a dividend of Rs 80 per share (800 percent) for the financial year ended March 31, 2024, showcasing its commitment to delivering value to shareholders.
- The company achieved significant milestones in key segments, including domestic motorcycles, commercial vehicles sales, and electric three-wheelers, contributing to its overall growth trajectory.
- Annual net profit for the fiscal year reached Rs 7,708.24 crore, marking a substantial 27 percent increase compared to the previous fiscal year, highlighting Bajaj Auto’s sustained growth momentum.
- Bajaj Auto attributed its resilient performance to a robust domestic market, coupled with strategic initiatives that propelled its highest-ever earnings before interest, taxes, depreciation, and amortization (EBITDA) to Rs 8,825 crore.
- Operating margins improved to 19.7 percent, driven by dynamic profit and loss management strategies, a diversified product mix, and enhanced operating leverage.
- The strong financial performance reaffirms Bajaj Auto’s market leadership, strategic foresight, and resilience in navigating volatile market conditions, positioning the company for continued success in the future.
How to purchase Bajaj Auto shares?
Below are the trading platforms that you can use to purchase Bajaj Auto shares:
Zerodha, Upstox, Groww, AngelOne, ICICIDirect, Paytm Money
Bajaj Auto Share Price Target 2024, 2025 To 2030
As of 23rd April 2024, Bajaj Auto Share price is trading at ₹8,766 with a market cap of ₹2,44,735 Cr INR.
Bajaj Auto Share Price Target 2024
| When | Maximum Price | Minimum Price |
| April 2024 | 8,789.00 | 7,642.61 |
| May 2024 | 8,659.11 | 7,529.66 |
| June 2024 | 8,970.84 | 7,800.73 |
| July 2024 | 8,881.13 | 7,722.72 |
| August 2024 | 9,236.38 | 8,031.63 |
| September 2024 | 9,605.83 | 8,352.90 |
| October 2024 | 9,417.48 | 8,189.12 |
| November 2024 | 9,794.18 | 8,516.68 |
| December 2024 | 9,892.12 | 8,601.85 |
In April 2024, Bajaj Auto’s shares are projected to reach a maximum price of 8,789.00 and a minimum of 7,642.61. Moving into May, prices are anticipated to fluctuate between 8,659.11 and 7,529.66. By June, the range is expected to widen, with prices ranging from 8,970.84 to 7,800.73. This trend continues throughout the year, with July witnessing figures of 8,881.13 to 7,722.72, August with a range of 9,236.38 to 8,031.63, September projecting between 9,605.83 and 8,352.90, October hovering around 9,417.48 to 8,189.12, November between 9,794.18 to 8,516.68, and December reaching a high of 9,892.12 and a low of 8,601.85.
Bajaj Auto Share Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 10,881.34 | 8,370.26 |
| February 2025 | 10,991.25 | 8,454.81 |
| March 2025 | 11,222.07 | 8,632.36 |
| April 2025 | 11,110.96 | 8,546.89 |
| May 2025 | 10,787.34 | 8,297.95 |
| June 2025 | 11,272.77 | 8,671.36 |
| July 2025 | 11,051.73 | 8,501.33 |
| August 2025 | 11,393.54 | 8,764.26 |
| September 2025 | 11,530.26 | 8,869.43 |
| October 2025 | 11,830.05 | 9,100.04 |
| November 2025 | 12,125.80 | 9,327.54 |
| December 2025 | 12,671.46 | 9,747.28 |
In January 2025, Bajaj Auto’s shares are projected to reach a maximum price of 10,881.34 and a minimum of 8,370.26. Moving into February, prices are anticipated to fluctuate between 10,991.25 and 8,454.81. By March, the range is expected to widen, with prices ranging from 11,222.07 to 8,632.36. This trend continues throughout the year, with April witnessing figures of 11,110.96 to 8,546.89, May hovering around 10,787.34 to 8,297.95, June projecting between 11,272.77 and 8,671.36, July between 11,051.73 to 8,501.33, August reaching a high of 11,393.54 and a low of 8,764.26, September ranging from 11,530.26 to 8,869.43, October between 11,830.05 to 9,100.04, November projecting figures of 12,125.80 to 9,327.54, and December witnessing the highest price of 12,671.46 and the lowest of 9,747.28.
Bajaj Auto Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 13,051.60 | 10,039.69 |
| February 2026 | 13,386.26 | 10,297.12 |
| March 2026 | 13,908.32 | 10,698.71 |
| April 2026 | 13,635.61 | 10,488.93 |
| May 2026 | 13,238.46 | 10,183.43 |
| June 2026 | 13,834.19 | 10,641.68 |
| July 2026 | 13,562.93 | 10,433.02 |
| August 2026 | 13,982.40 | 10,755.69 |
| September 2026 | 14,471.79 | 11,132.14 |
| October 2026 | 14,848.05 | 11,421.58 |
| November 2026 | 15,219.25 | 11,707.12 |
| December 2026 | 15,599.74 | 11,999.80 |
Bajaj Auto Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 15,911.73 | 12,239.79 |
| February 2027 | 16,319.72 | 12,553.63 |
| March 2027 | 16,956.19 | 13,043.22 |
| April 2027 | 16,623.72 | 12,787.48 |
| May 2027 | 16,139.53 | 12,415.02 |
| June 2027 | 16,865.81 | 12,973.70 |
| July 2027 | 16,535.11 | 12,719.31 |
| August 2027 | 17,046.50 | 13,112.70 |
| September 2027 | 17,643.13 | 13,571.64 |
| October 2027 | 18,101.85 | 13,924.50 |
| November 2027 | 18,554.40 | 14,272.61 |
| December 2027 | 19,018.26 | 14,629.43 |
Bajaj Auto Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 19,398.62 | 14,922.02 |
| February 2028 | 19,896.02 | 15,304.63 |
| March 2028 | 20,671.97 | 15,901.52 |
| April 2028 | 20,266.64 | 15,589.72 |
| May 2028 | 19,676.35 | 15,135.65 |
| June 2028 | 20,561.78 | 15,816.76 |
| July 2028 | 20,158.61 | 15,506.62 |
| August 2028 | 20,782.07 | 15,986.21 |
| September 2028 | 21,509.44 | 16,545.73 |
| October 2028 | 22,068.69 | 16,975.92 |
| November 2028 | 22,620.41 | 17,400.31 |
| December 2028 | 23,185.92 | 17,835.32 |
Bajaj Auto Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 23,649.64 | 18,192.03 |
| February 2029 | 24,256.04 | 18,658.49 |
| March 2029 | 25,202.02 | 19,386.17 |
| April 2029 | 24,707.87 | 19,006.05 |
| May 2029 | 23,988.22 | 18,452.48 |
| June 2029 | 25,067.69 | 19,282.84 |
| July 2029 | 24,576.17 | 18,904.74 |
| August 2029 | 25,336.25 | 19,489.43 |
| September 2029 | 26,223.02 | 20,171.56 |
| October 2029 | 26,904.82 | 20,696.02 |
| November 2029 | 27,577.44 | 21,213.42 |
| December 2029 | 28,266.88 | 21,743.75 |
Bajaj Auto Share Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 28,832.21 | 22,178.63 |
| February 2030 | 29,571.50 | 22,747.31 |
| March 2030 | 30,724.79 | 23,634.45 |
| April 2030 | 30,122.34 | 23,171.03 |
| May 2030 | 29,244.99 | 22,496.15 |
| June 2030 | 30,561.02 | 23,508.48 |
| July 2030 | 29,961.78 | 23,047.53 |
| August 2030 | 30,888.44 | 23,760.34 |
| September 2030 | 31,969.53 | 24,591.95 |
| October 2030 | 32,800.74 | 25,231.34 |
| November 2030 | 33,620.76 | 25,862.12 |
| December 2030 | 34,461.28 | 26,508.67 |
In January 2030, Bajaj Auto’s maximum price is expected to reach 28,832.21, while the minimum price is forecasted to be 22,178.63. As the year progresses, Bajaj Auto’s value continues to fluctuate, with the maximum price projected to rise steadily to 34,461.28 and the minimum price to increase to 26,508.67 by December 2030. These fluctuations indicate potential market dynamics and trends affecting Bajaj Auto’s performance throughout the year.
Financial Condition of Bajaj Auto: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 29,919 | 27,741 | 33,145 | 36,455 | 44,870 |
| Expenses + | 24,809 | 22,803 | 27,886 | 29,991 | 36,109 |
| Operating Profit | 5,109 | 4,938 | 5,259 | 6,465 | 8,762 |
| OPM % | 17% | 18% | 16% | 18% | 20% |
| Other Income + | 1,832 | 1,570 | 2,671 | 1,703 | 1,704 |
| Interest | 3 | 7 | 9 | 40 | 60 |
| Depreciation | 246 | 259 | 270 | 286 | 365 |
| Profit before tax | 6,692 | 6,241 | 7,652 | 7,842 | 10,040 |
| Tax % | 22% | 22% | 19% | 23% | 23% |
| Net Profit + | 5,212 | 4,857 | 6,166 | 6,060 | 7,708 |
| EPS in Rs | 180 | 168 | 213 | 214 | 276 |
| Dividend Payout % | 67% | 83% | 66% | 65% | 29% |
- The company has shown consistent sales growth over the past five years, with revenues climbing from Rs 29,919 crore in March 2020 to Rs 44,870 crore in March 2024, indicating its ability to expand market presence and seize business opportunities.
- Despite facing rising expenses, the company has efficiently managed costs, resulting in a steady increase in operating profit, which reached Rs 8,762 crore in March 2024, showcasing its dedication to operational efficiency and cost control.
- Profitability has seen an upward trajectory, with net profit ascending from Rs 5,212 crore in March 2020 to Rs 7,708 crore in March 2024, demonstrating the company’s capacity to generate sustainable earnings and deliver value to stakeholders.
- The growth in earnings per share (EPS) from Rs 180 to Rs 276 during the same period underscores the company’s focus on enhancing shareholder value through improved profitability.
- However, the fluctuating dividend payout percentage suggests variations in the company’s dividend distribution policy, reflecting its strategic emphasis on reinvestment for future growth and shareholder returns balance.
- This flexible dividend approach reflects the company’s commitment to optimizing shareholder returns while reinvesting in growth opportunities, showcasing resilience, strategic management, and potential for sustained growth in the future.
FAQs
1. What is the history of Bajaj Auto Limited?
Answer: Bajaj Auto Limited is an automobile manufacturing company founded by Jamnalal Bajaj in Mumbai, India in 1945. It has since become one of the largest manufacturers of motorcycles and three-wheelers in India.
2. What kind of products does Bajaj Auto Limited make?
Answer: Bajaj Auto Limited manufactures motorcycles, three-wheelers, and electric vehicles.
3. Where is Bajaj Auto Limited located?
Answer: Bajaj Auto Limited is headquartered in Pune, Maharashtra, India.
4. What are some of the services provided by Bajaj Auto Limited?
Answer: Bajaj Auto Limited provides sales, service, and spare parts for its products, as well as a financial services program.
5. Does Bajaj Auto Limited have any subsidiaries?
Answer: Yes, Bajaj Auto Limited has several subsidiaries, including Bajaj Finserv Limited, Bajaj Allianz Life Insurance Company Limited, The General Insurance Corporation of India, and Birla Sun Life Insurance Company Limited.
6. How can I purchase a product from Bajaj Auto Limited?
Answer: You can purchase products from Bajaj Auto Limited either through its website or through any of the authorized dealerships across India.
7. Does Bajaj Auto Limited offer any warranty on its products?
Answer: Yes, Bajaj Auto Limited offers a two-year unlimited kilometer standard warranty on its products.
8. Does Bajaj Auto Limited provide any financing options?
Answer: Yes, Bajaj Auto Limited provides financing options through its partnership with financial institutions such as HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank.
9. Does Bajaj Auto Limited have any international presence?
Answer: Yes, Bajaj Auto Limited has a presence in over 70 countries worldwide.
10. How can I contact Bajaj Auto Limited for customer service?
Answer: You can contact Bajaj Auto Limited by calling its customer care number at 1800-209-3111 or by emailing them at [email protected].
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Conclusion
In conclusion, Bajaj Auto’s Q4 results for FY 2023-24 underscore a period of impressive growth and resilience. With a consolidated net profit of Rs 2,011.43 crore, reflecting an 18 percent increase from the previous year, and a substantial surge in revenue to Rs 11,249.8 crore, up by 30 percent, the company has exceeded market expectations. The approval of a dividend of Rs 80 per share (800 percent) further emphasizes its commitment to delivering value to shareholders. With its highest-ever EBITDA of Rs 8,825 crore and a robust operating margin of 19.7 percent, Bajaj Auto demonstrates strong financial health and operational efficiency. This solid performance positions the company for continued success and growth in the automotive industry, reaffirming its status as a market leader and promising investment opportunity for stakeholders. The share price targets for 2024 to 2030 further underline a positive trajectory, and the company’s virtually debt-free status, dividend payouts, and improving operational metrics contribute to its attractiveness for investors. Despite facing fluctuations in revenue, Bajaj Auto’s prudent financial management positions it as a promising investment, aligning with its status as a global automotive giant.
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