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Bajaj Auto (BAJAJAUTO) USD

At a glance: strengths & risks
✓Revenue growing (+65% y/y, Q1 2026)✓Profit growing (+46% y/y, Q1 2026)

Sector: Automobiles

IN_BAJAJAUTO

Price chart

12 130 INRDay -1.87%
12 36112 303.2512 245.512 187.7512 130Two-point segment from the displayed day change; full history unavailable.min 12 130 · max 12 361

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
12 130 INR · -1.87%
Market cap
35.7 bn USD

Growth

Δ revenue y/y
53.3%
Δ EBITDA y/y
50.7%

Multiples

P/E (LTM)
30.4x
P/B (FY)
8.6x
P/E (ann.)
25.6x
EV/EBITDA (LTM)
—
EV/EBITDA (ann.)
115.4x

Cash return

Dividend yield
—
FCF yield (LTM)
-19.4%

Liquidity

Daily turnover
—

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-06-30Q2 2026 (3M)PARTIAL2.3
y/y 53.3%
0.4
y/y 43.3%
0.0
y/y 220.1%
0.5
y/y 50.7%
0.3
y/y 35.6%
———
y/y —
—
y/y —
—≈ 189.9—
2026-03-31FY 2026 (12M)OK—
y/y 15.6%
—
y/y 20.6%
—
y/y 46.8%
—
y/y 21.6%
—
y/y 38.4%
——8.2
y/y 29.7%
4.1
y/y 0.5%
—189.9—
2025-12-31Q4 2025 (3M)PARTIAL1.7
y/y —
0.4
y/y —
0.0
y/y —
0.4
y/y —
0.3
y/y —
———
y/y —
—
y/y —
—≈ 177.6—
2025-09-30Q3 2025 (3M)OK1.8
y/y —
0.4
y/y —
0.0
y/y —
0.4
y/y —
0.2
y/y —
——7.4
y/y —
3.8
y/y —
—177.6—
2025-06-30Q2 2025 (3M)PARTIAL1.5
y/y —
0.3
y/y —
0.0
y/y —
0.3
y/y —
0.3
y/y —
———
y/y —
—
y/y —
—≈ 69.0—
2025-03-31FY 2025 (12M)OK5.7
y/y 8.4%
1.2
y/y 17.2%
0.0
y/y 9.4%
1.2
y/y 16.8%
0.8
y/y -8.4%
-0.2-8.76.3
y/y 34.4%
4.1
y/y 18.6%
22.4%69.0—
2024-03-31FY 2024 (12M)OK5.3
y/y 22.7%
1.0
y/y 35.3%
0.0
y/y 26.6%
1.0
y/y 34.9%
0.9
y/y 26.2%
0.8-7.24.7
y/y 10.5%
3.5
y/y -2.7%
26.3%12.3—
2023-03-31FY 2023 (12M)OK4.3
y/y —
0.7
y/y —
0.0
y/y —
0.8
y/y —
0.7
y/y —
0.6-11.14.3
y/y —
3.6
y/y —
—-2.4—

Revenue & EBITDA

RevenueEBITDA

Quarterly values (INR mln)

02 0004 0006 0002023 FY2024 FY2025 q22025 q32025 q42026 q12026 q2

Year-over-year change

0%20%40%60%2023 FY2024 FY2025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF (INR mln)

02004006008002023 FY2024 FY2025 q22025 q32025 q42026 q12026 q2

Net debt / cash (INR mln)

-50 000050 000100 000150 000200 0002023 q42024 q12024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q4

Profit and cash

Worth a look
In a typical year of 2022–2026 operating cash flow came to 0.68x of reported net profit; after capex, 0.59x.
year20222023202420252026
cash flow / profit0.68x0.87x0.85x-0.19x0.24x
accruals, % of assets—2.2%2.9%16.1%10.5%
net debt / EBITDA 1.2x · capex 2.0x of depreciation
● In a typical year operating cash flow covered 68% of reported profit (5 profitable years).
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: ≤-300.0%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (489 − 324) × 3.35
551
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (35 699 + 189 906) ÷ 1 636
30.0x — capped at 30x
3. Target multiple
(Current EV/EBITDA + 11) ÷ 2
= (30.0 + 11) ÷ 2
20.5x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -120 856 + 0 + 0 − 0
-120 856
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (551 × 20.5 + -120 856) ÷ 35 699
≤-300.0%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • FCF (LTM) approximated by latest FY (ended 2026-03-31, before the latest reported period 2026-06-30)
  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +23% vs +13% the year before — a +10.0 pp move. 3-year CAGR +19%.
revenue growth by year: 2024 +24% · 2025 +13% · 2026 +23%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Bajaj Auto (BAJAJAUTO) — from primary filings.

Frequently asked questions

What is Bajaj Auto (BAJAJAUTO)'s P/E ratio?
Bajaj Auto (BAJAJAUTO) trades at a P/E of 30.4x (price to trailing 12-month earnings).
What is Bajaj Auto (BAJAJAUTO)'s EV/EBITDA?
Bajaj Auto (BAJAJAUTO) trades at 152.7x EV/EBITDA.
What is Bajaj Auto (BAJAJAUTO)'s P/B ratio?
Bajaj Auto (BAJAJAUTO) trades at a P/B of 8.6x.
What is Bajaj Auto (BAJAJAUTO)'s return on equity (ROE)?
Bajaj Auto (BAJAJAUTO)'s ROE is 37.3%.
What is Bajaj Auto (BAJAJAUTO)'s market capitalization?
Bajaj Auto (BAJAJAUTO)'s market cap is 35.7 bn USD.

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