BAJAJ-AUTO - Bajaj Auto Limited Share Price

Automobiles

₹8028.95-49.55(-0.61%)

Market Closed as of Apr 30, 2025, 15:30 IST

What does Bajaj Auto Limited do?

2/3 Wheelers•Automobile and AutoComponents•Large Cap

Bajaj Auto is a prominent company in the 2/3 wheelers sector, known for its robust presence in the automobile market.

The company's stock is traded under the ticker symbol BAJAJ-AUTO, and while its exact market capitalization is not disclosed, it boasts a notable trailing 12 months revenue of Rs. 51,345.3 Crores.

In efforts to enhance shareholder value, Bajaj Auto actively engages in share buybacks, having repurchased 1.4% of its own stock last year.

Bajaj Auto is not only sustainable but also highly profitable, with a net profit of Rs. 7,534.3 Crores recorded over the last four quarters. Furthermore, the company has demonstrated impressive growth, achieving a 46.5% revenue increase over the past three years.

Industry Group:Automobiles

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	BAJAJ-AUTO	Automobiles
PE	29.76	20.04
PS	4.37	1.71
Growth	17.8 %	4.9 %

Summary of Latest Earnings Report from Bajaj Auto

Summary of Bajaj Auto's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Apr 24

Outlook by Management:
Bajaj Auto anticipates robust growth in FY25, driven by domestic demand and export recovery. The domestic 2-wheeler industry is projected to grow 7-8% annually, with premium segments expanding faster. Exports are expected to improve, supported by new market entries (Brazil, Europe) and recovery in Latin America/ASEAN, though challenges persist in stressed markets (Nigeria, Bangladesh).

Key Initiatives:

Product Launches:
- Domestic Motorcycles: Launch of 6 new models in H1, including the "biggest Pulsar ever" (May 2024) and the world's first CNG motorcycle, targeting cost-conscious commuters.
- EVs: Upgraded Chetak models and network expansion (200 to 600 stores by H1). Electric 3-wheelers to scale in restricted ICE markets, targeting e-rickshaw replacement.
Exports:
- New Markets: Production starts in Brazil (June 2024), Qute quadricycle exports to Egypt (approved for public transport). Recovery focus in LatAm/ASEAN.
Premium Segments:
- Triumph/KTM: Network expansion (150 Triumph stores in H1), global Triumph exports (19,000 units to 57 countries).
Margins & Financials:
- Maintain industry-leading EBITDA margins (~20%) despite EV investments. Cost optimizations and PLI incentives to offset EV drag.
- Strong balance sheet (INR 16,000 crore net surplus) supports growth and shareholder returns (95% payout in FY24).

Risks: Geopolitical volatility, fragile EM currencies, and EV policy shifts. Management remains confident in leveraging its multi-brand portfolio and operational agility to outperform the market.

Q&A Session

Last updated: Apr 24

Question from Binay Singh (Morgan Stanley):
Hi team, congratulations on good set of numbers. I have two questions, 1 on EV and 1 on Egypt. Firstly, on EV, could you talk a little bit about what is the financial headwind from electric 2-wheelers in March quarter? And how do you see that playing out in financial year '25? And when can we expect a PLI sort of incentive for Bajaj?

Answer:
PLI certifications for EV models are secured. Transitional subsidy impact was ~INR20 crore due to FAME-II to EMPS shift. Cost-saving measures and scaling mitigate EV margin drag, aiming to sustain enterprise margins while growing Chetak volumes.

Question from Binay Singh (Morgan Stanley):
Earlier I recall, Egypt used to be a key market for 3-wheelers for Bajaj"¦ Could Qute given the fact that Bajaj brand is known in that market aspire for some similar kind of a run rate?

Answer:
Egypt previously saw 6,000"“9,000 monthly 3-wheeler exports. Qute's approval for public transport opens a new segment, with initial exports of 250 units. Egypt plans to replace 3-wheelers with quadricycles, offering long-term potential.

Question from Amyn Pirani (JPMorgan):
While the government has accepted the quadricycle as the vehicle for imports. Is the currency situation in Egypt as bad as, say, in Nigeria and Argentina?

Answer:
Egypt's currency challenges are less severe than Nigeria/Argentina due to aid packages. Currency availability remains a constraint, but recent improvements support gradual Qute exports.

Question from Amyn Pirani (JPMorgan):
On the EV side"¦ can you give a broad breakup as to whether most of your customers are coming in at a certain price point?

Answer:
EV adoption is driven by commuting cost savings (INR1,500"“1,800/month). Most demand centers on INR75,000"“80,000 price bands, balancing economy and modern features.

Question from Gunjan Prithyani (Bank of America):
You mentioned that we expect the penetration to inch-up despite subsidies going down"¦ what are we thinking in terms of the portfolio expansion, capacity ramp-up?

Answer:
EV growth hinges on payback economics (fuel savings). Upcoming Chetak variants (H1 FY25) and flexible manufacturing capacity will drive volume.

Question from Gunjan Prithyani (Bank of America):
On the CNG side"¦ is there anything that you can share what does the product hold?

Answer:
CNG bike halves commuting costs, combining style, comfort, and dual fuel. Safety concerns are unfounded, given Bajaj's 88% CNG 3-wheeler share and regulatory compliance.

Question from Chandramouli Muthiah (Goldman Sachs):
With some of the geopolitical tensions"¦ how you're observing [commodity costs]?

Answer:
Aluminum/copper prices rose pre-conflict; steel/rubber were stable. Marginal pricing adjustments in Q1 FY25 offset hikes.

Question from Chandramouli Muthiah (Goldman Sachs):
Including PLI incentives, how the electric 2-wheeler business might play?

Answer:
PLI narrows but doesn't eliminate EV 2W margin gap. Cost rationalization and scale are critical. EV 3Ws with PLI match ICE profitability.

Question from Aditya Jhawar (Investec):
Is there a minimum commitment that we have given to Triumph UK"¦ what would be export as a percentage of total production?

Answer:
No export commitments. Triumph's global launch calendar and homologation drove initial exports. Domestic/international markets will scale with network expansion (150 stores by H1).

Question from Aditya Jhawar (Investec):
What are the customer profiles [for Triumph]"¦ market share in individual pockets?

Answer:
Triumph targets "modern classic" (performance + retro styling). Market share hit 20% in mature southern markets. Portfolio expansion (modern/classic bikes) will drive growth.

Question from Raghunandhan N. L. (Nuvama):
Financing business"¦ Can you indicate the focus areas, ramp-up targets?

Answer:
BACL (financing arm) covers 35% of India, targeting 100% by FY25-end. Current 2W/3W financing penetration is 75%/90%, with Bajaj Finance dominating 70%.

Question from Raghunandhan N. L. (Nuvama):
On electric 3-wheeler space"¦ how do you see the general acceptance?

Answer:
Q4 EV 3W sales: 6,500 units. 50% market share in mature markets. E-auto adoption grows via e-rickshaw replacement in restricted regions (45% of industry).

Question from Pramod Kumar (UBS):
Margin expansion drivers in FY24 and FY25 mix outlook?

Answer:
FY24's 180bps margin gain came from pricing, operating leverage, and forex. FY25 focus: mix enrichment (premium motorcycles, EVs) and cost control.

Question from Pramod Kumar (UBS):
Qute platform upgrades?

Answer:
Qute upgrades include tech enhancements, CNG/electric variants. Egypt's 500,000 legacy 3-wheelers offer replacement potential.

Question from Arvind Sharma (Citi):
How are EV revenues reflected in standalone results?

Answer:
Chetak sales are fully consolidated under Bajaj Auto. Volumes/revenue include EVs.

Question from Arvind Sharma (Citi):
Upcoming Pulsar launches?

Answer:
New Pulsar 250 launched; largest-ever Pulsar due in May. 125"“150cc models planned for H1 FY25.

Question from Amyn Pirani (JPMorgan):
Chetak's path to profitability?

Answer:
Unit-level profitability requires cost reduction outpacing price cuts. Scale and tech gains (e.g., LFP batteries) to close margin gap over 4"“6 quarters.

Question from Pramod Amthe (InCred):
BACL's capital infusion plan?

Answer:
INR2,250 crore phased infusion for BACL to finance 2W/3W across India. No export focus.

Question from Pramod Amthe (InCred):
LFP battery adoption in EVs?

Answer:
Chetak Technology Ltd. prioritizes cutting-edge tech (e.g., LFP). Innovations like ABS, CNG, and EVs underscore Bajaj's R&D focus.

Description	Share	Value
Automotive	95.0%	12.8 kCr
Investments	2.5%	342.7 Cr
Financing	2.5%	336.6 Cr
Total		13.5 kCr

Share Holdings

Understand Bajaj Auto ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
BAJAJ HOLDINGS AND INVESTMENT LIMITED	34.21%
JAMNALAL SONS PVT LTD	9.3%
JAYA HIND INDUSTRIES PRIVATE LIMITED	3.56%
MAHARASHTRA SCOOTERS LIMITED	2.46%
LICI MARKET PLUS 1 BALANCED FUND	2.42%
HDFC TRUSTEE COMPANY LTD. A/C HDFC MULTI-ASSET FUN	1.69%
BAJAJ SEVASHRAM PVT LTD	1.58%
BACHHRAJ AND COMPANY PVT LIMITED	1.3%
Trusts	1.28%
SBI NIFTY 50 EQUAL WEIGHT INDEX FUND	1.18%
BACHHRAJ FACTORIES PVT LIMITED	0.69%
BARODA INDUSTRIES PVT LIMITED	0.59%
SUMAN JAIN	0.37%
NIRAVNAYAN BAJAJ	0.32%
MANISH KEJRIWAL	0.3%
RAJIVNAYAN BAJAJ	0.27%
MINAL BAJAJ	0.24%
NIRAJ BAJAJ (NIRAVNAYAN TRUST)	0.19%
SIDDHANTNAYAN BAJAJ	0.17%
SANJALI BAJAJ	0.17%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Balance Sheet for Bajaj Auto

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	88.2%	844	449	621	219	658	564
Current investments	15.4%	5,628	4,879	3,909	4,419	4,286	4,969
Loans, current	16.7%	3.58	3.21	4.02	3.62	5.21	4.17
Total current financial assets	30.9%	10,479	8,006	7,267	6,956	8,124	7,674
Inventories	-9.1%	1,541	1,696	1,500	1,398	1,320	1,231
Total current assets	22.3%	12,669	10,357	9,307	8,870	10,390	9,994
Property, plant and equipment	-1.9%	3,079	3,138	2,727	2,635	1,674	1,758
Capital work-in-progress	465.2%	131	24	45	82	219	77
Investment property	-2.1%	48	49	49	50	51	51
Non-current investments	0.8%	17,666	17,525	17,531	16,718	14,368	17,601
Loans, non-current	-35.8%	1.68	2.06	2.04	2.28	2.85	4.57
Total non-current financial assets	0.8%	17,697	17,554	17,569	16,753	14,404	17,667
Total non-current assets	5%	25,083	23,893	23,140	22,257	18,959	21,927
Total assets	10.2%	37,752	34,251	32,447	31,128	29,348	31,922
Total non-current financial liabilities	0.8%	127	126	125	124	124	123
Provisions, non-current	0%	0.84	0.84	15	0.87	3.88	1.3
Total non-current liabilities	62.7%	1,080	664	571	504	478	564
Borrowings, current	2%	851	834	0	0	0	0
Total current financial liabilities	19.1%	8,334	6,996	5,677	4,521	5,272	4,030
Provisions, current	7.5%	202	188	185	166	167	154
Current tax liabilities	1117.6%	208	18	172	24	235	24
Total current liabilities	7.1%	9,346	8,726	6,495	5,198	5,998	4,689
Total liabilities	11%	10,425	9,390	7,066	5,702	6,476	5,253
Equity share capital	0%	279	279	283	283	284	289
Total equity	9.9%	27,326	24,860	25,381	25,426	22,872	26,669
Total equity and liabilities	10.2%	37,752	34,251	32,447	31,128	29,348	31,922

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	98.4%	1,110	560	675	242	1,037	934
Current investments	13.4%	6,160	5,432	4,113	4,581	4,339	4,969
Loans, current	525.6%	1,296	208	4.02	3.62	5.21	4.17
Total current financial assets	45.2%	13,670	9,418	8,172	7,501	8,556	8,044
Inventories	1.4%	1,712	1,689	1,554	1,564	1,327	1,231
Total current assets	36.8%	16,137	11,798	10,332	9,650	10,840	10,366
Property, plant and equipment	-0.2%	3,140	3,147	2,875	2,762	1,692	1,760
Capital work-in-progress	418.5%	141	28	52	85	222	77
Investment property	-2.1%	48	49	49	50	51	51
Non-current investments	0.6%	17,948	17,835	17,531	16,718	14,368	17,601
Loans, non-current	391.3%	2,831	577	2.04	2.28	2.85	4.57
Total non-current financial assets	12.8%	20,808	18,440	17,569	16,754	14,404	17,667
Total non-current assets	7.8%	29,705	27,545	26,135	25,486	21,676	24,746
Total assets	16.5%	45,842	39,344	36,467	35,136	32,516	35,111
Borrowings, non-current	406.8%	3,204	633	0	0	0	0
Total non-current financial liabilities	342.6%	3,356	759	125	124	124	123
Provisions, non-current	71.5%	11	6.83	16	1.24	3.88	1.3
Total non-current liabilities	231.9%	4,279	1,290	571	504	477	563
Borrowings, current	66.1%	1,914	1,153	0	0	0	0
Total current financial liabilities	30%	9,552	7,347	5,733	4,585	5,270	4,029
Provisions, current	8.4%	207	191	186	166	167	154
Current tax liabilities	1000%	210	20	172	24	235	24
Total current liabilities	16.4%	10,584	9,091	6,564	5,271	6,002	4,688
Total liabilities	43.2%	14,863	10,381	7,136	5,775	6,479	5,252
Equity share capital	0%	279	279	283	283	284	289
Non controlling interest	0%	0.01	0.01	0.01	0.01	0.01	0.01
Total equity	7%	30,979	28,962	29,331	29,362	26,036	29,860
Total equity and liabilities	16.5%	45,842	39,344	36,467	35,136	32,516	35,111

Valuation
Market Cap	2.24 LCr
Price/Earnings (Trailing)	29.76
Price/Sales (Trailing)	4.37
EV/EBITDA	19.49
Price/Free Cashflow	37.07
MarketCap/EBT	20.68

Fundamentals
Revenue (TTM)	51.35 kCr
Rev. Growth (Yr)	7.94%
Rev. Growth (Qtr)	-0.95%
Earnings (TTM)	7.53 kCr
Earnings Growth (Yr)	8.02%
Earnings Growth (Qtr)	58.48%

Profitability
Operating Margin	21.11%
EBT Margin	21.11%
Return on Equity	24.32%
Return on Assets	16.44%
Free Cashflow Yield	2.7%

Income Statement for Bajaj Auto

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	22.7%	44,685	36,428	33,145	27,741	29,919	30,250
Other Income	18.7%	1,402	1,181	1,209	1,276	1,734	1,649
Total Income	22.5%	46,088	37,609	34,354	29,018	31,652	31,899
Cost of Materials	21.9%	29,269	24,009	22,170	18,308	19,485	20,301
Purchases of stock-in-trade	18.7%	2,545	2,144	1,972	1,521	1,587	1,579
Employee Expense	6.4%	1,538	1,445	1,359	1,286	1,389	1,255
Finance costs	39.5%	54	39	8.66	6.66	3.16	4.48
Depreciation and Amortization	24.2%	350	282	269	259	246	266
Other expenses	8.5%	2,581	2,379	2,197	1,917	2,425	2,188
Total Expenses	20.1%	36,266	30,200	28,164	23,079	25,072	25,538
Profit Before exceptional items and Tax	32.6%	9,822	7,409	6,190	5,939	6,580	6,361
Exceptional items before tax	-	0	0	315	0	0	342
Total profit before tax	32.6%	9,822	7,409	6,505	5,939	6,580	6,703
Current tax	23.1%	2,284	1,855	1,667	1,348	1,547	1,819
Deferred tax	178.9%	60	-73.78	-180.65	36	-67.04	209
Total tax	31.6%	2,343	1,781	1,486	1,384	1,480	2,028
Total profit (loss) for period	32.9%	7,479	5,628	5,019	4,555	5,100	4,675
Other comp. income net of taxes	221%	765	239	521	721	-679.85	75
Total Comprehensive Income	40.5%	8,244	5,866	5,540	5,275	4,420	4,750
Earnings Per Share, Basic	34.3%	264.6	197.3	173.6	157.5	176.3	161.6
Earnings Per Share, Diluted	34.3%	264.6	197.3	173.6	157.5	176.3	161.6

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-2.4%	12,807	13,127	11,928	11,485	12,114	10,777
Other Income	-13%	335	385	321	349	346	361
Total Income	-2.7%	13,142	13,512	12,249	11,833	12,460	11,139
Cost of Materials	-3.9%	8,379	8,723	7,517	7,458	7,891	7,223
Purchases of stock-in-trade	10.4%	820	743	665	678	649	623
Employee Expense	-1.8%	386	393	435	387	385	382
Finance costs	-13.3%	14	16	21	23	12	6.53
Depreciation and Amortization	4.2%	100	96	94	91	88	88
Other expenses	-1.5%	707	718	725	721	690	612
Total Expenses	-2.3%	10,340	10,587	9,627	9,292	9,784	8,739
Profit Before exceptional items and Tax	-4.2%	2,801	2,925	2,622	2,542	2,676	2,400
Total profit before tax	-4.2%	2,801	2,925	2,622	2,542	2,676	2,400
Current tax	-2.1%	653	667	640	574	614	554
Deferred tax	-84.9%	39	253	-6.06	32	20	10
Total tax	-24.7%	693	920	634	606	634	564
Total profit (loss) for period	5.2%	2,109	2,005	1,988	1,936	2,042	1,836
Other comp. income net of taxes	-20.8%	416	525	81	223	174	31
Total Comprehensive Income	-0.2%	2,525	2,530	2,070	2,159	2,216	1,867
Earnings Per Share, Basic	5.1%	75.5	71.9	71.2	68.5	72.2	64.9
Earnings Per Share, Diluted	5.1%	75.5	71.9	71.2	68.5	72.2	64.9

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	23.1%	44,870	36,455	33,145	27,741	29,919	30,250
Other Income	20.9%	1,436	1,188	1,284	1,276	1,525	1,555
Total Income	23%	46,306	37,643	34,429	29,018	31,443	31,805
Cost of Materials	21.6%	29,267	24,073	22,170	18,308	19,485	20,301
Purchases of stock-in-trade	25.8%	2,702	2,148	1,972	1,521	1,587	1,579
Employee Expense	9.6%	1,627	1,484	1,363	1,288	1,391	1,257
Finance costs	51.3%	60	40	8.66	6.66	3.16	4.48
Depreciation and Amortization	27.7%	365	286	270	259	246	266
Other expenses	7.9%	2,589	2,399	2,202	1,919	2,424	2,190
Total Expenses	20.5%	36,534	30,330	28,173	23,082	25,073	25,541
Profit Before exceptional items and Tax	33.6%	9,772	7,313	6,256	5,935	6,371	6,264
Exceptional items before tax	-	0	0	817	0	0	342
Total profit before tax	33.6%	9,772	7,313	7,072	5,935	6,371	6,606
Current tax	23.2%	2,286	1,855	1,667	1,348	1,547	1,819
Deferred tax	160.7%	46	-73.12	-181.3	36	-67.04	209
Total tax	30.9%	2,332	1,782	1,486	1,384	1,480	2,028
Total profit (loss) for period	27.2%	7,708	6,060	6,166	4,857	5,212	4,928
Other comp. income net of taxes	27.4%	704	553	430	753	-509.1	-45.35
Total Comprehensive Income	27.2%	8,412	6,613	6,596	5,610	4,703	4,882
Earnings Per Share, Basic	28.5%	272.7	212.5	213.2	167.9	180.2	170.3
Earnings Per Share, Diluted	28.5%	272.7	212.5	213.2	167.9	180.2	170.3

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-0.6%	13,169	13,247	11,932	11,555	12,165	10,838
Other Income	-12.8%	348	399	335	360	356	369
Total Income	-1%	13,516	13,647	12,267	11,915	12,522	11,207
Cost of Materials	-1.2%	8,509	8,611	7,417	7,458	7,891	7,231
Purchases of stock-in-trade	-10.1%	722	803	702	728	693	666
Employee Expense	1.9%	484	475	492	421	404	401
Finance costs	60.8%	120	75	47	30	12	6.54
Depreciation and Amortization	4.1%	102	98	95	93	93	92
Other expenses	-5.2%	774	816	775	733	692	604
Total Expenses	-1.2%	10,640	10,767	9,704	9,393	9,855	8,806
Profit Before exceptional items and Tax	-0.1%	2,876	2,879	2,564	2,522	2,666	2,400
Total profit before tax	-0.1%	2,876	2,879	2,564	2,522	2,666	2,400
Current tax	0.7%	674	669	642	575	614	554
Deferred tax	-97.7%	6.65	244	-19.9	19	19	10
Total tax	-25.5%	681	914	622	594	634	564
Total profit (loss) for period	58.6%	2,196	1,385	1,942	2,011	2,033	2,020
Other comp. income net of taxes	-79.5%	162	787	37	79	406	-92.14
Total Comprehensive Income	8.6%	2,358	2,172	1,979	2,090	2,439	1,928
Earnings Per Share, Basic	59.5%	78.7	49.7	69.6	71.2	71.9	71.4
Earnings Per Share, Diluted	59.5%	78.7	49.7	69.6	71.2	71.9	71.4

Investor Care
Dividend Yield	2.83%
Dividend/Share (TTM)	220
Shares Dilution (1Y)	1.38%
Diluted EPS (TTM)	269.2

Financial Health
Current Ratio	1.52
Debt/Equity	0.17
Debt/Cashflow	1.28

Cash Flow for Bajaj Auto

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	39.5%	54	39	8.66
Change in inventories	-77.4%	-297.72	-167.39	263
Depreciation	24.2%	350	282	269
Unrealised forex losses/gains	-146.2%	-5.01	14	2.48
Dividend income	-8.7%	43	47	46
Adjustments for interest income	10%	827	752	905
Share-based payments	34.5%	40	30	15
Net Cashflows from Operations	32.7%	9,861	7,430	5,909
Income taxes paid (refund)	24.3%	2,383	1,918	1,702
Net Cashflows From Operating Activities	35.7%	7,478	5,512	4,208
Cashflows used in obtaining control of subsidiaries	-43.9%	302	538	15
Proceeds from sales of PPE	-91.9%	12	137	33
Purchase of property, plant and equipment	-14.3%	808	943	551
Purchase of intangible assets	-93.7%	3.2	36	0
Interest received	3.3%	437	423	243
Other inflows (outflows) of cash	-353.5%	-2,120.76	838	-248.95
Net Cashflows From Investing Activities	-110.5%	-139.22	1,334	-95.95
Proceeds from issuing shares	-27%	-3,930.65	-3,093.88	0
Proceeds from borrowings	-	833	0	0
Dividends paid	-2.2%	3,960	4,047	4,049
Interest paid	37.8%	52	38	7.35
Net Cashflows from Financing Activities	1%	-7,110.05	-7,178.86	-4,056.33
Effect of exchange rate on cash eq.	93.5%	0.19	-11.39	3.55
Net change in cash and cash eq.	166%	229	-344.55	59

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	51.3%	60	40	8.66
Change in inventories	62.2%	-125.2	-333.04	263
Depreciation	27.7%	365	286	270
Unrealised forex losses/gains	-146.2%	-5.01	14	2.48
Dividend income	-8.7%	43	47	46
Adjustments for interest income	12.3%	848	755	905
Share-based payments	37.9%	41	30	15
Net Cashflows from Operations	24.3%	8,945	7,196	5,899
Income taxes paid (refund)	24.4%	2,387	1,919	1,702
Net Cashflows From Operating Activities	24.3%	6,558	5,277	4,197
Proceeds from sales of PPE	-91.9%	12	137	33
Purchase of property, plant and equipment	-34.3%	706	1,074	551
Purchase of intangible assets	-57.1%	16	36	0
Interest received	7.8%	456	423	243
Other inflows (outflows) of cash	-707.1%	-2,063.08	341	-248.95
Net Cashflows From Investing Activities	-128.8%	-343.73	1,200	-80.86
Proceeds from issuing shares	-27%	-3,932.95	-3,095.69	0
Proceeds from borrowings	-	1,785	0	0
Dividends paid	-2.2%	3,960	4,047	4,049
Interest paid	56.8%	59	38	7.35
Net Cashflows from Financing Activities	14.1%	-6,167.36	-7,180.7	-4,056.33
Effect of exchange rate on cash eq.	2363.6%	272	12	357
Net change in cash and cash eq.	145.9%	319	-692.07	417

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
M&M	Mahindra & MahindraPassenger Cars & Utility Vehicles	3.64 LCr	1.54 LCr	+4.37%	+35.66%	26.64	2.36	+11.21%	+12.46%
EICHERMOT	Eicher Motors2/3 Wheelers	1.53 LCr	19.11 kCr	+3.19%	+21.09%	34.35	7.98	+12.04%	+15.81%
TVSMOTOR	TVS Motor Co.2/3 Wheelers	1.27 LCr	42.98 kCr	+12.71%	+29.55%	60.55	2.95	+15.07%	+22.97%
HEROMOTOCO	Hero MotoCorp2/3 Wheelers	76.61 kCr	41.52 kCr	+6.84%	-15.68%	18.46	1.85	+10.65%	+14.99%
ASHOKLEY	Ashok LeylandCommercial Vehicles	66.19 kCr	47.69 kCr	+4.68%	+17.00%	21.56	1.39	+4.69%	+19.69%

BAJAJ-AUTO - Bajaj Auto Limited Share Price

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