BAJAJ AUTO LTD.

Trendlyne Stock Report

2/3 Wheelers Oct 18, 2024 03:31 PM
Automobiles & Auto Components

₹10,063.95 (-0.6% ) 52 Week High Low

5236
10064

12774
Market Cap: 2.8T Avg Daily Volume: 1.6M
NSE | Oct 18, 2024 03:31 PM

DVM SUMMARY

Expensive Performer D V M

These stocks are with medium quality and mid-range technical aspects. However, their financials make them little expensive so choose the right moment to buy them.

Durability Score (D) Medium Financial Strength Valuation Score (V) Expensive Valuation Momentum Score (M) Technically Neutral

Bad Medium Good Bad Medium Good Bad Medium Good

50 26 52
0 35 55 100 0 30 50 100 0 35 60 100

ANALYST RECOMMENDATION TRENDLYNE CHECKLIST

Consensus Recommendation Target Price

HOLD 10910 (8.41%) 56.5% Passed in checklist
Financials 5 3
11 5 12 15

Total : 43 Ownership 4
Strong Buy Buy Hold Sell Strong Sell

Peer Comparison 2 1
Current Price
10063.95
Value & Momentum 2 6

Total 13 10
7225 10910.19 14000
Low Est. Avg. Est. High Est.

The consensus recommendation is based on 43 analyst recommendations. The Consensus Estimate is The Trendlyne Checklist checks if the company meets the key criteria for financial health and
the aggregate analyst estimates for listed companies. consistent growth.

KEY STATISTICS

Ratios Financials
TTM PE Ratio ROE Annual % ROCE Annual % Operating Revenue TTM Revenue Growth Annual YoY Net Profit Annual
%
38.1 26.6 32.5 48899.6 7708.2
23.0
Below industry Median Market Runner Up Market Leader Market Leader
Below industry Median

EBIT Annual Margin % TTM PEG Ratio Long Term Debt To Equity
Annual Net Profit TTM Growth % Dividend yield 1yr % EPS TTM Growth %
21.9 4.9
0.0 7.7 0.8 7.7
PEG TTM is much higher
than 1 Below industry Median Below industry Median

PRICE VOLUME CHARTS

1 Year Return : 83.6% 5 Year Return : 226.0%

12.5k

10k
10k

7.5k
5k

5k

2.5k 0

DEC FEB APR JUN AUG OCT JAN JUL JAN JUL JAN JUL JAN JUL JAN JUL

Copyright © Giskard Datatech Pvt Ltd Page 1 of 14 All rights reserved

 BAJAJ AUTO LTD. Trendlyne Stock Report
2/3 Wheelers Oct 18, 2024 03:31 PM
Automobiles & Auto Components

Durability Summary

Durability Score Bajaj Auto Ltd. has a durability score of 50, which indicates Medium Financial Strength.

50 / 100
A High Durability Score (greater than 55) indicates good and consistent financial performance : stable revenues, cash flows, and low debt.

The Durability score looks at many different metrics, including long-term performance data, to identify stocks that have stood the test of time.

Medium Financial Strength

Bad Medium Good

50
0 35 55 100

Durability Trend Bajaj Auto Ltd. : Oct '23 - Oct '24 Durability v/s Peers

80
Bajaj Auto 50.0

60 Eicher Motors 65.0

GOOD

TVS Motor Company 55.0

40
MEDIUM Hero MotoCorp 75.0

20
Ola Electric Mobility

Atul Auto 75.0

0
Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 Jun '24 Jul '24 Aug '24 Sep '24 Oct '24
Wardwizard Innovations & Mobi… 60.0

0 10 20 30 40 50 60 70 80

Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Bajaj Auto Ltd. (50) has sixth-highest Durability score amongst its peers, behind TVS Motor
51.0% 49.0% 0% 65.0 (15 Jul '24) 45.0 (16 Apr '24) Company Ltd. (55)

Financial Metrics

Total Revenue Annual Net Profit Annual Tax Annual Revenue Growth Annual YoY %

46,306.45 23.0% YoY Mar'24 7,708.24 27.2% YoY Mar'24 2,331.8 30.9% YoY Mar'24 23.0% 146.5% YoY Mar'24
75k 10k 4k 40
7708.2 7371.3
50350.6 2763.6 23
50k 6165.9 6060.2 2331.8 20.2 18.6
37642.9 4927.6 5211.9 4857 2028
1781.8
20
31702.1 29017.5 5k 2k 9.3
1480.2 1384.4 1485.8
25k -0.8
0 -7.7
0 0 0
-20
9

M
'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2
TT

TT

TT
ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24

M

Total Revenue Annual growth is higher than Net Profit Annual growth is higher than Tax Annual growth is higher than historical Revenue Growth Annual YoY % is stable
historical averages. historical averages. averages. compared to historical averages.

CAGR 2Y 16.0% CAGR 2Y 11.8% CAGR 2Y 25.3% CAGR 2Y 11.1%

3Y 16.9% 3Y 16.6% 3Y 19.0% 3Y 244.0%
5Y 7.9% 5Y 9.4% 5Y 2.8% 5Y 2.7%

Operating Profit Margin Annual % Net Profit TTM Growth % Operating Revenues Qtr Net Profit Qtr

18.9% 10.4% YoY Mar'24 27.2% 1686.9% YoY Mar'24 13,247.28 22.2% YoY Sep'24 1,385.44 -31.4% YoY Sep'24
20 40 20k 3k
16.4 16.2 17 17.1
15.2 18.9 26.9 27.2
13247.3 2020 2032.6 2011.4 1941.8
20 16.8 12165.3 11555 11932.1 2k
10311.9 10838.2 1644.1
10 5.8 10k 1385.4
-1.7
0 -6.8 1k

0 -20 0 0
Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Jun'23 Sep'23 Dec'23 Mar'24 Jun'24 Sep'24 Jun'23 Sep'23 Dec'23 Mar'24 Jun'24 Sep'24

Operating Profit Margin Annual % is growing Net Profit TTM Growth % is growing faster Operating Revenues Qtr growth is higher than Net Profit Qtr is falling faster than historical
faster than historical averages. than historical averages. historical averages. averages.

CAGR 2Y 11.4% CAGR 2Y 0.5% YoY 22.2% YoY -31.4%

3Y 3.7% 3Y 258.7% QoQ 11.0% QoQ -28.7%
5Y 2.9% 5Y 10.1%

Copyright © Giskard Datatech Pvt Ltd Page 2 of 14 All rights reserved

 BAJAJ AUTO LTD. Trendlyne Stock Report
2/3 Wheelers Oct 18, 2024 03:31 PM
Automobiles & Auto Components

Balance Sheet

Total Assets Annual Total ShareHolders Funds Annual Working Capital Annual

39,343.7 12.0% YoY Mar'24 28,962.4 -1.4% YoY Mar'24 2,707.1 -38.2% YoY Mar'24
50k 40k 10k
8544.1
39343.7 29859.7 29361.5 28962.4
33601.7 35111.2 35136.4 27273.4
28834.4 23233.8 21662.1 5677.1
26510
25k 20k 5k 4379.7
2707.1
2199.4 2362.7

0 0 0
Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24

Total Assets Annual growth is higher than Total ShareHolders Funds Annual is falling Working Capital Annual is falling faster than
historical averages. faster than historical averages. historical averages.

CAGR 2Y 5.86% CAGR 2Y -1.51% CAGR 2Y -30.95%

3Y 5.4% 3Y 2.02% 3Y -31.83%
5Y 6.41% 5Y 4.51% 5Y 4.24%

Cashflow

Cash from Operating Activity Annual Cash from Investing Activity Annual Cash from Financing Annual Activity Net Cash Flow Annual

6,558.2 24.3% YoY Mar'24 -343.7 -128.7% YoY Mar'24 -6,167.4 14.1% YoY Mar'24 47.1 106.7% YoY Mar'24
10k 2.5k 0 500
1199.5 -19.5 232
74.4 60 47.1
1556.1
6558.2 0 -2074.1 0
5277.4 -338.4 -80.9 -343.7 -5k -4056.3
5k 3850.4 4197.2
-2.5k -500
3119.9 -6246.5 -6167.4
2486.9 -2868.4 -7180.7 -840
-703.8
-5k -10k -1000
0
9

4
'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2
ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar
Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24
M

M
Cash from Operating Activity Annual growth Cash from Investing Activity Annual growth is Cash from Financing Annual Activity growth is Net Cash Flow Annual growth is stable
is stable compared to historical averages. higher than historical averages. higher than historical averages. compared to historical averages.

CAGR 2Y 25% CAGR 2Y -106.18% CAGR 2Y -23.31% CAGR 2Y -11.44%

3Y 28.1% 3Y 50.7% 3Y -581.09% 3Y -41.24%
5Y 21.4% 5Y -0.31% 5Y -24.35% 5Y -8.74%

Financial Ratios

ROE Annual % ROCE Annual % RoA Annual % Current Ratio Annual

26.6% 29.0% YoY Mar'24 32.5% 32.1% YoY Mar'24 19.6% 13.6% YoY Mar'24 1.3 -29.1% YoY Mar'24
40 40 30 3
32.5 2.5
28.6 2.2
26.6 26.2 19.7 19.6
24.1 24.6 20 17.6 17.2 2 1.8
21.2 21.3 17.1
20.6 20.6 20.6 14.4 1.5 1.6
20 17.8 20 1.3

10 1

0 0 0 0
Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24

ROE Annual % is growing faster than historical ROCE Annual % is growing faster than RoA Annual % is growing faster than historical Current Ratio Annual is falling faster than
averages. historical averages. averages. historical averages.

CAGR 2Y 13.54% CAGR 2Y 25.64% CAGR 2Y 5.62% CAGR 2Y -23.39%

3Y 14.34% 3Y 15.21% 3Y 10.68% 3Y -19.78%
5Y 4.65% 5Y 4.44% 5Y 2.78% 5Y -2.21%

Net Profit Margin Annual % Interest Coverage Ratio Annual EBIT Annual Margin %

16.6% 9.3% YoY Mar'24 168.9 -12.6% YoY Mar'24 21.9% 8.7% YoY Mar'24
20 3k 30
16.3 16.4 16.9 16.6
15.1 15.2 21.4 21.9
2017 20.6 21.3 20.2
18.9
2k 20
10 1399.2
892.2
1k 754.5 10

193.3 168.9
0 0 0
Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24

Net Profit Margin Annual % is growing faster Interest Coverage Ratio Annual is falling EBIT Annual Margin % is growing faster than
than historical averages. slower than historical averages. historical averages.

CAGR 2Y -0.8% CAGR 2Y -52.68% CAGR 2Y 7.7%

3Y 0.36% 3Y -42.57% 3Y 0.77%
5Y 1.93% 5Y -34.48% 5Y 1.2%

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 BAJAJ AUTO LTD. Trendlyne Stock Report
2/3 Wheelers Oct 18, 2024 03:31 PM
Automobiles & Auto Components

Key Metrics - Peer Comparison

COMPARISON BAJAJ AUTO EICHER MOTORS TVS MOTOR COMPANY HERO MOTOCORP OLA ELECTRIC MOBILITY ATUL AUTO WARDWIZARD INNOVATIONS & MOBILITY
LTD. LTD. LTD. LTD. LTD. LTD. LTD.
(1) (2) (3) (4) (5) (6) (7)

Valuation Score 26.0 33.7 15.3 46.3 - 34.7 18.7

P/E Ratio TTM 38.1 31.2 75.3 25.6 - 90.1 84.4

Forward P/E Ratio 32.0 28.8 47.9 22.2 -32.9 - -

PEG Ratio TTM 4.9 1.0 4.3 0.7 - 0.1 1.2

Forward PEG Ratio 1.7 2.2 1.6 1.5 - - -

Price to Book Value 9.7 7.2 17.2 5.9 -40.2 3.9 11.8

Price to Sales TTM 5.7 7.7 3.2 2.7 - 2.9 3.6

Price to Sales Annual 5.7 6.7 2.6 2.5 - 2.5 4.6

EV to EBITDA 25.1 20.4 22.3 15.2 - 34.6 49.0

Market Cap to Sales 5.7 6.7 2.6 2.5 - 2.5 4.6

Price to Free Cash Flow 47.1 27.4 504.6 378.6 -179.4 15.9 -6.1

Graham Number 2481.8 1504.1 358.1 2023.2 - 159.1 6.9

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 BAJAJ AUTO LTD. Trendlyne Stock Report
2/3 Wheelers Oct 18, 2024 03:31 PM
Automobiles & Auto Components

Valuation Summary

Valuation Score Bajaj Auto Ltd. has a valuation score of 26, which indicates an Expensive Valuation.

26 / 100
A High Valuation Score (greater than 50) indicates the stock is competitively priced at current P/E, P/BV and share price.

The Valuation helps you identify stocks which are still bargains, and whose strengths are not fully priced into the share price.

Expensive Valuation

Bad Medium Good

26
0 30 50 100

Valuation Trend Bajaj Auto Ltd. : Oct '23 - Oct '24 Valuation v/s Peers

100
Bajaj Auto 26.0

75 Eicher Motors 33.7

GOOD
TVS Motor Company 15.3
50

Hero MotoCorp 46.3

MEDIUM
25
Ola Electric Mobility

0 Atul Auto 34.7

23

24

24

24

4
'2

'2

'2

'2

'2

l '2

'2

'2

Wardwizard Innovations & Mobi… 18.7

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M
D

M
N

0 5 10 15 20 25 30 35 40 45 50

Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Bajaj Auto Ltd. (26) has fourth-highest Valuation score amongst its peers, behind Eicher
0% 29.8% 70.2% 34.8 (13 Nov '23) 21.8 (16 Oct '24) Motors Ltd. (34)

P/E Buy Sell Zone

Bajaj Auto Ltd. has spent 98.5% of the time below the current P/E 38.1. This puts it in the PE Strong
Sell Zone

Strong Sell Zone 98.5% into P/E buy sell zone This is based on the tendency of the P/E value to revert to its historical mean.

If the P/E value has spent most of its time below the current value, then it means that most gains have
probably been realised already, and it is time to sell.
Strong upside potential % time spent below current P/E Gains already realized If the P/E value has spent very little time below the current value, then it means that there is strong
potential upside, and it is time to buy.

Valuation Metrics

PE TTM Price to Earnings Price To Sales Annual DividendPayoutCP_A Graham Number

38.1 104.0% YoY Oct'24 5.7 78.4% YoY Oct'24 0.3 -54.4% YoY Oct'24 2,481.8 11.7% YoY Oct'24
60 6 1 3k
2481.8
5.7 2221.5
0.7 2130
38.1 3.8 0.6 0.7
40 4 2k 1813.2
3.2 1646.9
2.8
22.9 0.5
17.2 18.7 2 0.3 0.3
20 2 1k
11

0 0 0 0
Mar'20 Mar'21 Mar'22 Mar'23 Oct'24 Mar'20 Mar'21 Mar'22 Mar'23 Oct'24 Mar'20 Mar'21 Mar'22 Mar'23 Oct'24 Mar'20 Mar'21 Mar'22 Mar'23 Oct'24

PE_TTM growth is higher than historical Price To Sales Annual growth is higher than Annual Dividend Payout CP is falling faster Graham Number growth is higher than
averages. historical averages. than historical averages. historical averages.

CAGR 2Y 38.4% CAGR 2Y 33.6% CAGR 2Y -10.6% CAGR 2Y 6.8%

3Y 14.6% 3Y 14.1% 3Y - 3Y 10.4%
5Y 14.2% 5Y 15.4% 5Y 8.3% 5Y 7.7%

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 BAJAJ AUTO LTD. Trendlyne Stock Report
2/3 Wheelers Oct 18, 2024 03:31 PM
Automobiles & Auto Components

Momentum Summary

Momentum Score Bajaj Auto Ltd. has a Momentum score of 52, which indicates that it is Technically Neutral.

52 / 100
A High Momentum Score indicates the stock is seeing buyer demand, and is bullish across its technicals compared to the rest of the stock universe.

Momentum is a very effective short term score, while Durability and Valuation help assess the stock’s health over the long term.

Technically Neutral

Bad Medium Good

52
0 35 60 100

Momentum Trend Bajaj Auto Ltd. : Oct '23 - Oct '24 Momentum v/s Peers 18 Oct '24

100
Bajaj Auto 52.0

75 Eicher Motors 48.7

GOOD
TVS Motor Company 53.7
50

MEDIUM Hero MotoCorp 52.0

25
Ola Electric Mobility 13.9

0 Atul Auto 56.4

23

24

24

24

4
'2

'2

'2

'2

'2

l '2

'2

'2

Wardwizard Innovations & Mobi… 37.3

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0 10 20 30 40 50 60

Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Bajaj Auto Ltd. (52) has fourth-highest Momentum score amongst its peers, behind Hero
92.3% 7.7% 0% 74.9 (01 Apr '24) 51.8 (24 Jul '24) MotoCorp Ltd. (52)

Price Change Analysis Key Momentum Metrics

LTP : 10063.95 Day RSI Day MFI

1 Day 9841.1 10149.1

26.7 10.3
1 Week 9841.1 11990.1
RSI is 26.7, RSI below 30 is considered oversold. MFI is 10.3, MFI below 20 is considered
This implies that stock may rebound. strongly oversold. This implies that stock may
1 Month 9841.1 12774
rebound.

3 Months 8744.6 12774

6 Months 8592.8 12774

Day MACD Day MACD Signal Line

1 Year 5236 12774 -136.6 128.2

3 Year 3027.05 12774 MACD is below its Signal and Center Line, this is MACD is below its Signal and Center Line, this is
a strong bearish indicator. a strong bearish indicator.
5 Year 1788.65 12774

0 2k 4k 6k 8k 10k 12k 14k

Day ATR

364.4

Simple Moving Averages Exponential Moving Averages

Bajaj Auto Ltd. is trading below 6 out of 8 SMAs. Bajaj Auto Ltd. is trading below 7 out of 8 EMAs.

BEARISH BULLISH BEARISH BULLISH

6/8 2/8 7/8 1/8

Bullish v/s Bearish SMAs Bullish v/s Bearish SMAs

(if the current price is above a moving average, it is considered bullish) (if the current price is above a moving average, it is considered bullish)

5Day SMA 11044.2 50Day SMA 11139.9 5Day EMA 10808 26Day EMA 11462

10Day SMA 11425.4 100Day SMA 10336.3 10Day EMA 11234.1 50Day EMA 11157.2

20Day SMA 11837.4 150Day SMA 9850.4 12Day EMA 11325.4 100Day EMA 10476.8

30Day SMA 11718.9 200Day SMA 9317.1 20Day EMA 11473 200Day EMA 9348.9

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 BAJAJ AUTO LTD. Trendlyne Stock Report
2/3 Wheelers Oct 18, 2024 03:31 PM
Automobiles & Auto Components

Momentum Oscillators Pivot Support & Resistances

Bajaj Auto Ltd. is trading below 7 out of 9 Oscillators in bearish zone. Bajaj Auto Ltd. at 10063.95 is trading above it's Pivot 10018.05.

BEARISH NEUTRALBULLISH 10 600

R3 - 10503.0
7/9 1/9 1/9
10 400
R2 - 10326.0
Bullish v/s Bearish Oscillators
(if an oscillator is in its negative range, it is considered bearish) 10 200 R1 - 10195.0

LTP - 10064.0
PIVOT - 100…
RSI(14) 26.7 MACD(12, 26, 9) -136.6 10 000

S1 - 9887.0
Stochastic Oscillator 8.9 Stochastic RSI 2.3
9800

CCI 20 -299.9 William -92.1 S2 - 9710.0

9600 S3 - 9579.0
Awesome Oscillator -477.3 Ultimate Oscillator 28.6

Momentum Oscillator -1710.5

9400

Neutral Bullish Bearish

Volatility Metrics

Beta
1 month 3 month 1 year 3 year Day ADX Day Bollinger Bands Mid_20_2

2.07 1.38 0.62 0.23 36.8 11837.4

beta value for 3 month indicates price tends to be more volatile than the market

Daily Volume Analysis Active Candlesticks

Daily average delivery volume over the past week is 36.6%

Bullish Candlestick Pattern Bearish Candlestick Patterns
18 Oct, 2024 598.3K 1.6M
No active candlesticks No active candlesticks
Week 482.4K 1.3M

Month 314.6K 688.9K

0 250k 500k 750k 1 000k 1 250k 1 500k 1 750k

Combined Delivery Volume NSE+BSE Traded Volume

Daily Avg. Delivery Volume %

18 Oct, 2024 Week Month

37.6% 36.6% 45.7%

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 BAJAJ AUTO LTD. Trendlyne Stock Report
2/3 Wheelers Oct 18, 2024 03:31 PM
Automobiles & Auto Components

Checklist Summary

Trendlyne Checklist Score

56.5% pass 13 | 10
=
Financial
5|3
+
Value & Momentum
2|6
+
Ownership
4
+
Peer Comparison
2|1

Financial Value & Momentum

5 criteria met | 3 not met 2 criteria met | 6 not met

Company has seen consistent profit growth in the last eight The stock is in the Buy Zone according to its historical P/E?
quarters? No
No
The stock is in the Buy Zone according to its historical P/E
Stock has seen consistent profit growth in the last eight quarters

The stock is in the Buy Zone according to its historical P/BV?

Company has seen consistent sales growth in the last eight quarters? No
Yes The stock is in the Buy Zone according to its historical P/BV
Stock has seen consistent sales growth in the last eight quarters

Company's valuation score signals overall affordability?

Company has high Trendlyne Durability Score? No
No Company's valuation score signals overall affordability
Stock has high Trendlyne Durability Score (>=60)

Trendlyne Momentum Score shows bullishness?

Company has high Piotroski Score? Yes
No Trendlyne Momentum Score shows bullishness
Stock has high Piotroski Score (>= 7)

Stock is trading above all short term SMAs?

Company has Low Debt? No
Yes Stock is trading above all short term SMAs
Stock has Low Debt

Stock is trading above all long term SMAs?

Shareholder Value: Company has Strong ROE? No
Yes Stock is trading above all long term SMAs
Shareholder Value: Stock has Strong ROE

Stock has bullish candlesticks?

Company has Positive Net Cash Flow? Yes
Yes Stock has bullish candlesticks OR Stock has no bearish candlesticks
Stock has Positive Net Cash Flow

Stock has active positive breakouts?

Company is generating increasing cash from operations? No
Yes Stock has active positive breakouts
Positive CFO for last 2 years

Ownership Peer Comparison

4 criteria met | 0 not met 2 criteria met | 1 not met

FII/FPI or DIIs are buying the stock? Company is giving better long term returns than the industry?
Yes
Yes
Institutions have been increasing stake in the company over the past Company is giving better long term returns than the industry
four quarters

Company's sales growth is better than the industry median?

Promoters are buying the stock or ownership is stable? Yes
Yes Company's sales growth is better than the industry median
Promoters are buying the stock or ownership is stable

Company's profit growth is better than the industry median?

Promoter pledge is low and not increasing? No
Yes Company's profit growth is better than the industry median
Promoter pledge is low and not increasing

Insiders have not sold stock in the past 3 months?

Yes
Insider have not sold stock in the past 3 months

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 BAJAJ AUTO LTD. Trendlyne Stock Report
2/3 Wheelers Oct 18, 2024 03:31 PM
Automobiles & Auto Components

Forecaster

Consensus Recommendation Share Price Target

Consensus Recommendation Share Price Target (Avg)

HOLD ₹10910.19 (8.4% upside)
16k

11 14k 14000.0
13 12 12 12
13
5
5 7 6 6 12k
5
12 10910.2
10 9 9 10 10
10k
1 1 3 3 3

13 13 15 8k
11 11 11
7225.0

2024-05-30 2024-06-29 2024-07-30 2024-08-30 2024-09-29 2024-10-20 6k

FY22 FY23 FY24 FY25 FY26
Strong Buy Buy Hold Sell Strong Sell
Future Avg. Estimate High Estimate Low Estimate

The consensus recommendation from 43 analysts for Bajaj Auto Ltd. is HOLD

Bajaj Auto Ltd.'s share price target is above the current price, with an upside of 8.4%

Key Metrics - Average Estimates Actual Revenue Avg. Estimate

EPS Interest expense Net income

600 150 15k

314.1 369.2 8831.7 10340.1
7404.9
261.9 15.8% 14.9% 65.3 64.9 15.3%
5645.4 1.0%
400 198.6 1.1% 100 41.7 18.1% -0.6% 10k 4801.6
166.3 21.7 28.4% -0.3%
-0.7% 4.5%
4.4% 81.9%
6.7
200 50 30.2% 5k

0 0 0
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

4.4% -0.7% 1.1% 15.8% 14.9% 30.2% 81.9% 28.4% 18.1% -0.6% 4.5% -0.3% 1.0% 15.3% 0%
Surprises Estimate Surprises Estimate Surprises Estimate

EPS is expected to grow by 18.7% in FY25 Interest expense is expected to grow by 22.1% in FY25 Net income is expected to grow by 18.1% in FY25
Bajaj Auto Ltd.'s EPS was higher than average estimate 2 times in Bajaj Auto Ltd.'s Interest expense was higher than average Bajaj Auto Ltd.'s Net income was higher than average estimate 2
past 3 years estimate 3 times in past 3 years times in past 3 years

Depreciation & amortization Cash flow per share Dividend per share

800 600 400

365.9 222.9 257.9
254.2 282.1 22.9% 64.1% 13.6%
434.7 6.2% 140.7 162.7
600 391.9 400 169.1 4.1%
9.8% -0.5% -14.0%
348.0 10.7% 125.5 14.3% 186.5
286.1 0.5% 15.9% 200
268.9 -57.1%
0.1% -1.3%
400 200

200 0 0
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

0.1% -1.3% 0.5% 10.7% 9.8% 15.9% 14.3% 4.1% 6.2% 22.9% -0.5% -14.0% -57.1% 64.1% 13.6%

Surprises Estimate Surprises Estimate Surprises Estimate

Depreciation & amortization is expected to grow by 12.0% in Cash flow per share is expected to grow by 6.6% in FY25 Dividend per share is expected to grow by 178.7% in FY25
FY25 Bajaj Auto Ltd.'s Cash flow per share was higher than average Bajaj Auto Ltd.'s Dividend per share was lower than average
Bajaj Auto Ltd.'s Depreciation & amortization was higher than estimate 3 times in past 3 years estimate 3 times in past 3 years
average estimate 2 times in past 3 years

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 BAJAJ AUTO LTD. Trendlyne Stock Report
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Automobiles & Auto Components

Forecaster Actual Revenue Avg. Estimate

Free cash flow EBIT Revenue

20k 15k 80k

8351.1 10283.2 12037.2 52386.2 60723.0
9604.9 1.5% 17.6% 14.6% 14.7% 13.7%
27.2% 6174.1 44131.7
5770.7 6989.3 10k 4833.2 1.5% 60k 1.3%
15.6% 4.6% 3.2% 36418.6
4605.1 33381.3
10k 3883.1 0.0%
-0.8% -0.7%
-5.8%
5k 40k

0 0 20k
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

-5.8% -0.8% 15.6% 4.6% 27.2% 3.2% 1.5% 1.5% 17.6% 14.6% -0.7% 0.0% 1.3% 14.7% 13.7%
Surprises Estimate Surprises Estimate Surprises Estimate

Free cash flow is expected to grow by 4.8% in FY25 EBIT is expected to grow by 21.3% in FY25 Revenue is expected to grow by 17.2% in FY25
Bajaj Auto Ltd.'s Free cash flow was lower than average estimate Bajaj Auto Ltd.'s EBIT was higher than average estimate 3 times Bajaj Auto Ltd.'s Revenue was higher than average estimate 2
2 times in past 3 years in past 3 years times in past 3 years

Capital expenditure Cash EPS

3k 600
335.8 389.5
273.5 17.5% 13.8%
2k 400 209.4 1.3%
676.0 869.0 881.5 176.0
879.8 -1.1%
501.2 39.5% 7.0% 1.4% -0.9%
-8.2%
9.9%
1k 200

0 0
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

9.9% 39.5% -8.2% 7.0% 1.4% -0.9% -1.1% 1.3% 17.5% 13.8%

Surprises Estimate Surprises Estimate

Capital expenditure is expected to grow by 7.6% in FY25 Cash EPS is expected to grow by 21.2% in FY25
Bajaj Auto Ltd.'s Capital expenditure was higher than average Bajaj Auto Ltd.'s Cash EPS was lower than average estimate 2
estimate 2 times in past 3 years times in past 3 years

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 BAJAJ AUTO LTD. Trendlyne Stock Report
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Automobiles & Auto Components

Shareholding Summary Shareholding Trend

60%
55.0% 55.0% 54.9% 55.1% 55.1%
Promoter 55.1%

DII 8.8% 40%

FII 14.2%
20%
13.7% 14.4% 14.6% 14.5% 14.2%
9.6% 9.1% 8.7% 8.6% 8.8%
Public 21.9%

0.0% 0.0% 0.0% 0.0% 0.0%

0%
Others 0.0% Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024

0% 10% 20% 30% 40% 50% 60%

Promoter Pledges as % of promoter shares (%) FII DII

Retail investors (Promoter) form the biggest shareholding segment Promoter , Pledges as % of promoter shares (%) , FII , DII , over the Jun 2024 quarter

Mutual Fund Holding and Action

400 Promoters pledge remained unchanged at 0.01% of holdings in Jun 2024 qtr.

Promoters holding remains unchanged at 55.06% in Jun 2024 qtr

298.0
300 276.0 276.0
263.0 265.0
253.0
Mutual Funds have increased holdings from 5.01% to 5.37% in Jun 2024 qtr.

200
Number of MF schemes remains unchanged at 38 in Jun 2024 qtr
141.0
125.0 127.0 121.0
100.0 103.0
100
94.0 FII/FPI have decreased holdings from 14.53% to 14.19% in Jun 2024 qtr
76.0
60.0 51.0 44.0
26.0 Number of FII/FPI investors increased from 1081 to 1123 in Jun 2024 qtr.
0
Apr-2024 May-2024 Jun-2024 Jul-2024 Aug-2024 Sep-2024 Institutional Investors have decreased holdings from 23.08% to 23.00% in Jun 2024
Net Holders Bought some / all Sold some / all qtr

Major Shareholders Bajaj Auto Ltd. : Jun '24

Superstar Promoters

Name Shares % Change % Name Shares % Change %

JAYA HIND 3.5% -5.8% BAJAJ HOLDINGS 34.2% -

INDUSTRIES AND INVESTMENT
PRIVATE LIMITED LIMITED

JAMNALAL SONS 9.3% -24.9%

PVT LTD

Bulk / Block Deals

Date Client Name Deal Type Action Avg Price Qty Exchange

30 Sep'24 NEELIMA BAJAJ FAMILY TRUST Block Sell 12,350 39,000 NSE

30 Sep'24 BACHHRAJ & CO PRIVATE LIMITED Block Purchase 12,350 39,000 NSE

25 Jan'24 BNP PARIBAS ARBITRAGE Block Sell 7,212.9 24,717 BSE

25 Jan'24 SOCIETE GENERALE Block Purchase 7,212.9 24,717 BSE

14 Feb'23 ABHAYKUMAR NAVALMAL FIRODIA Block Sell 3,905 66,000 NSE

14 Feb'23 JAYA HIND INDUSTRIES LIMITED Block Purchase 3,905 66,000 NSE

14 Nov'22 ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 3,727.7 100,293 NSE

14 Nov'22 ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 3,727.7 100,293 NSE

03 Nov'22 ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 3,736.8 100,293 NSE

03 Nov'22 ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 3,736.8 100,293 NSE

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 BAJAJ AUTO LTD. Trendlyne Stock Report
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Automobiles & Auto Components

Insider Trading / SAST

Reporting Date Insider Name Insider Type Regulation Action Avg Price Qty Mode

26 Mar'24 Jamnalal Sons Pvt Ltd Promoter Group Insider Trading Disposal 10,000 320,559 Buy Back

26 Mar'24 Bachhraj Factories Private Limited Promoter Group Insider Trading Disposal 10,000 23,920 Buy Back

26 Mar'24 Nimisha Bajaj Family Trust Promoter Group Insider Trading Disposal 10,000 5,435 Buy Back

26 Mar'24 Bajaj Sevashram Ltd Promoter Group Insider Trading Disposal 10,000 54,432 Buy Back

26 Mar'24 Kumud Bajaj Promoter Group Insider Trading Disposal 10,000 2,439 Buy Back

26 Mar'24 Kriti Bajaj Family Trust Promoter Group Insider Trading Disposal 10,000 1,829 Buy Back

26 Mar'24 Minal Bajaj Promoter Group Insider Trading Disposal 10,000 8,207 Buy Back

26 Mar'24 Neelima Bajaj Family Trust Promoter Group Insider Trading Disposal 10,000 5,433 Buy Back

26 Mar'24 Kamalnayan Invst & Trading Pvt Ltd Promoter Group Insider Trading Disposal 10,000 1,612 Buy Back

26 Mar'24 Sanjivnayan Bajaj Promoter Insider Trading Disposal 10,000 3,991 Buy Back

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BAJAJ AUTO LTD. Trendlyne Stock Report
2/3 Wheelers Oct 18, 2024 03:31 PM
Automobiles & Auto Components

ABOUT THE COMPANY

Bajaj Auto Ltd.

Bajaj Auto is engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric vehicles etc. and parts thereof.
website: www.bajajauto.com

BRANDS OWNED BY THE COMPANY

Bajaj RE Chetak KTM DUKE Bajaj CT Bajaj Pulsar

Bajaj Avenger Bajaj Genuine Oil Bajaj Boxer Bajaj V KTM X-Bow

Bajaj Platina Bajaj Dominar KTM ADVENTURE KTM RC Bajaj Qute

Bajaj Maxima Z Bajaj Maxima C Bajaj Maxima Xwide

MANAGEMENT INFORMATION

S Ravikumar Dinesh Thapar RAJIV NATVARLAL GANDHI Ramtilak Ananthan

Chief Business Development(Business Chief Financial Officer Company Secretary,Compliance Officer Chief Technology Officer
Development)

DIRECTOR INFORMATION

Rajiv Bajaj Pradeep Shrivastava Rakesh Sharma Naushad Forbes

Managing Director & CEO Executive Director Executive Director Independent Director

537.5M 2024 156.2M 2024 120.8M 2024 6.6M 2024

Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year

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 BAJAJ AUTO LTD. Trendlyne Stock Report
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Automobiles & Auto Components

Detailed stock report terminology

Trendlyne’s stock report is a comprehensive company analysis report based on its durability, valuation and momentum scores along with the forecaster data, to give you a detailed analysis. The report
also includes Trendlyne’s checklist summary, technical analysis, peer comparison, mutual fund holdings details, insider trading and more.

Durability Score Trendlyne Checklist Score

Durability scores are calculated from 0-100, with zero the worst and 100 the best. Trendlyne Checklist evaluates a stock based on its financial performance, ownership,
Durability scores above 55 are considered good(G) and below 35 are considered bad(B). peer comparison, value and momentum. This helps give an overall performance of the
Scores between 35-55 are considered neutral/Medium/Middle(M). company based on the score.
Stocks with a high durability score (top 20 percentile) are companies that have
consistently and over time, demonstrated good growth and cash flow, stable revenues
and profits, and low debt. PE buy/sell zone
The durability score considers several different metrics and ratios around earnings and
models these over time. Our stocks with high durability scores outperform the index The PE buy/sell zone is calculated based on how many days a stock has traded at its
significantly current PE level. The current PE is compared to the stock’s historical PE performance, to
find out how often (for how many days in the past) the stock has traded at its current PE
value.
Valuation Score If the stock has usually traded above its current PE level (it’s at a higher PE for the
majority of trading days), then the stock is cheaper than usual and in the PE buy zone.
Valuation scores are calculated from 0-100, with zero the worst and 100 the best. If the stock has usually traded below its current PE level (it’s at a lower PE for the
Valuation scores above 50 are considered good(G) and below 30 are considered bad(B). majority of trading days), then the stock is more expensive than usual and in the PE sell
Scores between 30-50 are considered neutral/Medium/Middle(M) zone.
Stocks with a high valuation score (top 20 percentile) are companies whose business
and financial advantages have not yet been priced into their share price. These
companies typically have strong earnings but are currently flying under the radar, and Price Volume Charts
Trendlyne’s valuation score helps shine a spotlight on these companies.
Firms with a low valuation score (bottom 20 percentile) are expensive stocks that have Price volume charts are a type of financial chart that combines two key pieces of
good broker coverage and already have their strengths priced in. They are popular but information about a stock: its price and trading volume. They are commonly used in
pricey. If you are buying them now it would be for a steep price tag: valuation scores technical analysis to identify trends and patterns in the market.
help you identify that. In a price volume chart, the price of the security is plotted on the vertical axis, while the
trading volume is shown on the horizontal axis. Each data point on the chart represents
a single trading day, and the size of the data point may be proportional to the trading
Momentum Score volume.

Scores are calculated from 0-100, with zero being the worst and 100 the best.
Momentum scores above 59 are considered good(G) and below 30 are considered Peer Comparison
bad(B). Scores between 30-59 are considered neutral/Medium/Middle(M)
Momentum score or momentum score identifies the bullish/bearish nature of the stock. Peer comparison in financial analysis is a method of comparing the financial
Stocks with a high momentum score (which is calculated daily from over 30 technical performance and position of one company to its competitors or peers in the same
indicators) are seeing their share price rise, and increase in volumes and sentiment. industry or sector. The purpose of this comparison is to gain insights into how the
A low and falling momentum score indicates a falling share price. The pace at which this company is performing relative to its competitors and to identify areas where it may be
is changing is also important for the momentum score. underperforming or overperforming. In Trendlyne’s stock report, DVM scores are also
included in the peer comparison section.

Analyst recommendation
Technical Analysis
Analyst recommendation of a stock is an assessment made by financial analysts or
brokerage firms about the investment potential of a particular stock. It is usually based Technical analysis is a method of analyzing stocks and other financial instruments that
on a thorough analysis of the company's financial performance, market trends, industry relies on charts and statistical indicators to identify trends and patterns in price and
outlook, and other factors that may impact the stock's value. trading volume.
The analyst recommendation of a stock typically takes the form of a rating or a Key momentum metrics included - relative strength index (RSI), Stochastic RSI, Ultimate
recommendation, such as "buy," "hold," or "sell." The recommendation is usually Oscillator, moving average convergence divergence (MACD), average true range (ATR),
accompanied by a price target, which is the analyst's estimate of the stock's fair value. money flow index (MFI), William, CCI 20 and Awesome Oscillator. Simple and
A low and falling momentum score indicates a falling share price. The pace at which this exponential moving averages are also included.
is changing is also important for the momentum score. To analyse the volatility of the stock, Beta over different periods of time, Average
Directional Movement Index and Bollinger bonds are used. Along with this, active
candlesticks, daily volume analysis is also provided in the rapport.

Disclaimer
© 2024 Giskard Datatech Pvt Ltd
Republication or redistribution of Giskard content, including by framing or similar means, is prohibited without the prior written consent of Giskard. All information in this report is assumed to be
accurate to the best of our ability. Giskard is not liable for any errors or delays in Giskard content, or for any actions taken in reliance on such content. Any forward-looking statements included in the
Giskard content are based on certain assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from current expectations.

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