Bajaj Auto Limited engages in the manufacture and sale of two- and three- wheelers in India. The company also has operations in Latin America, Africa, Middle East, South and South East Asia.
The company’s vehicle manufacturing capacity is approximat…
Analysis
Beloved champion
Bajaj Auto Limited sits in the top corner of our grid: excellent business, premium price; every investor already knows the story. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is fair. The owner-earnings multiple stands at 24.0×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 9% a year, against analyst forecasts of 15%. The price, in other words, assumes less than the experts do.
Growth is solid; the safety picture is sturdy. The company scores 20/20 on our value-creation score: strong value creator.
Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202373
67
2023202420252026
All-time high
100
Dec 2023
All-time low
12
Sep 2025
Average rank
70
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
28
31
32
43
Price/Earnings
45
56
56
58
Price/Book
28
21
37
55
Dividend Yield
73
80
69
86
Value (overall)
48
59
43
56
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.