Bajaj AutoNSE: BAJAJ-AUTOBSE: 532977Automobile and Auto Components · 2/3 Wheelers

₹11,520.5088.50 (0.77%)

Mkt Cap: ₹3.22 L Cr.
P/E (TTM): 27.17
Open: ₹11,475.00
Day's Range: ₹11,329.50 – ₹11,590.00
52W Range: ₹7,858.50 – ₹11,532.00
Div Yield: 1.32%
EPS (TTM): ₹420.64
Book Value: ₹1,389.35

Bajaj Auto Financial Statements

Name: Bajaj Auto Financials — historical data
Creator: StockeZee

For Mar 2026, Bajaj Auto reported revenue of ₹62,905 crore and net profit of ₹10,744 crore. Return on equity stands at 29.20%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹62,905 Cr
EBITDA: ₹13,061 Cr
Operating margin: 20.76%
Profit after tax: ₹10,744 Cr
Net margin: 17.08%
EPS: ₹384.41
Latest year: Mar 2026
Years reported: 9

Bajaj Auto profit & loss

Reported annual performance for Bajaj Auto, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Bajaj Auto annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	25,563	30,250	29,919	27,741	33,145	36,455	44,870	50,995	62,905
Sales Growth YoY %	—	18.33%	-1.1%	-7.28%	19.48%	9.99%	23.08%	13.65%	23.36%
Other Income	1,212	1,555	1,525	1,276	1,284	1,188	1,436	1,474	2,182
Total Income	26,776	31,805	31,443	29,018	34,429	37,643	46,306	52,469	65,087
Cost of Goods Sold (COGS)	17,410	21,824	21,008	19,610	24,330	26,121	31,893	35,259	42,410
Cost of Materials Consumed	15,999	20,301	19,485	18,308	22,170	24,073	29,267	32,194	38,761
Purchases of Stock-in-Trade	1,401	1,579	1,587	1,521	1,972	2,148	2,702	3,036	3,255
Changes in Inventories	10	-56	-63	-219	188	-100	-76	28	394
Gross Profit	8,153	8,426	8,910	8,131	8,815	10,334	12,977	15,735	20,495
Gross Margin %	31.89%	27.85%	29.78%	29.31%	26.6%	28.35%	28.92%	30.86%	32.58%
Total Operating Expenses	3,372	3,447	3,815	3,207	3,565	3,884	4,216	5,268	7,434
Employee Benefit Expense	1,069	1,257	1,391	1,288	1,363	1,484	1,627	1,926	2,461
Other Expenses	2,302	2,190	2,424	1,919	2,202	2,399	2,589	3,342	4,973
EBITDA	4,782	4,979	5,096	4,925	5,250	6,451	8,762	10,468	13,061
OPM %	18.71%	16.46%	17.03%	17.75%	15.84%	17.69%	19.53%	20.53%	20.76%
Total Non-Operating Expenses	284	612	250	266	1,095	325	425	803	1,774
Depreciation & Amortisation	315	266	246	259	270	286	365	414	645
Finance Costs	1	4	3	7	9	40	60	389	1,169
Exceptional Items (Before Tax)	-32	342	0	0	817	0	0	0	-39
Profit Before Tax (PBT)	5,646	6,606	6,371	5,935	7,072	7,313	9,772	11,139	13,391
Tax Expense	1,714	2,028	1,480	1,384	1,486	1,782	2,332	2,899	3,377
Current Tax	1,646	1,819	1,547	1,348	1,667	1,855	2,286	2,624	3,632
Deferred Tax	68	209	-67	36	-181	-73	46	275	-255
Effective Tax %	30.37%	30.7%	23.24%	23.33%	21.01%	24.37%	23.86%	26.02%	25.22%
Total Profit for Period	4,219	4,928	5,212	4,857	6,166	6,060	7,708	7,325	10,575
Less: Non-controlling Interests	-0	-0	0	0	0	0	0	0	-170
Net Profit (Owner's PAT)	4,219	4,928	5,212	4,857	6,166	6,060	7,708	7,325	10,744
Net Profit Margin %	16.5%	16.29%	17.42%	17.51%	18.6%	16.62%	17.18%	14.36%	17.08%
PAT Growth YoY %	—	16.8%	5.77%	-6.81%	26.95%	-1.71%	27.19%	-4.98%	46.68%
Earnings Per Share (EPS)	₹145.8	₹170.29	₹180.11	₹167.85	₹213.08	₹214.17	₹276.1	₹262.29	₹384.41
Diluted Shares Outstanding (Cr.)	29	29	29	29	29	28	28	28	28
Profit/Loss from Associates	288	350	322	306	580	529	268	-915	561
Other Comprehensive Income (Net of Tax)	238	-45	-509	753	430	553	704	1,315	-1,362
Expenses	21,130	25,199	25,073	23,082	27,357	30,330	36,534	41,330	51,696
Material Cost %	62.59%	67.11%	65.13%	66%	66.89%	66.03%	65.23%	63.13%	61.62%
Employee Cost %	4.18%	4.16%	4.65%	4.64%	4.11%	4.07%	3.63%	3.78%	3.91%
Other Cost %	9.01%	7.24%	8.1%	6.92%	6.64%	6.58%	5.77%	6.55%	7.9%
Interest Coverage (x)	3,409.8	1,052.08	1,534.56	700.5	575.08	156.03	139.11	25.85	10.63

Bajaj Auto revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Bajaj Auto balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Bajaj Auto annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	23,234	21,662	27,273	29,860	29,362	28,962	35,189	40,220
Equity Share Capital	289	289	289	289	283	279	279	280
Reserves & Surplus	22,944	21,373	26,984	29,570	29,079	28,683	34,909	38,552
Equity Method Investments	2,666	2,951	3,289	4,064	4,884	4,820	3,688	169
Total Equity	23,234	21,662	27,273	29,860	29,362	28,962	35,189	40,220
Non-Current Liabilities	727	595	685	563	504	1,290	7,426	17,664
Long-term Borrowings	—	—	—	—	—	633	6,083	15,339
Deferred Tax Liabilities	543	346	522	403	345	493	1,123	1,304
Non-Current Provisions	15	81	2	1	1	7	14	368
Other Non-Current Liabilities	1	1	1	0	0	0	0	16
Non-Current Financial Liabilities	125	126	121	123	124	759	6,261	15,951
Current Liabilities	4,874	4,253	5,644	4,689	5,271	9,091	11,584	19,338
Short-term Borrowings	—	—	—	—	—	1,153	3,154	6,642
Trade Payables	3,787	3,200	4,574	3,632	4,121	5,597	6,373	8,804
Current Financial Liabilities	4,158	3,748	4,982	4,029	4,585	7,347	10,270	16,980
Other Current Financial Liabilities	371	548	407	397	464	597	744	1,534
Other Current Liabilities	557	329	483	479	493	1,531	814	1,244
Current Provisions	141	158	152	154	166	191	262	699
Current Tax Liabilities	16	16	24	24	24	20	236	413
Total Liabilities	5,601	4,848	6,328	5,252	5,775	10,381	19,010	37,003
Total Non-Current Assets	21,761	19,894	19,414	24,746	25,486	27,545	34,753	43,171
Property, Plant & Equipment (PPE)	1,689	1,602	1,568	1,760	2,762	3,147	3,589	7,727
Capital Work-in-Progress	12	47	16	77	85	28	29	120
Intangible Assets	20	43	47	25	31	21	40	4,185
Investment Property	56	54	52	51	50	49	48	48
Non-Current Investments	16,360	14,183	13,370	17,601	16,718	17,835	19,324	16,661
Loans – Non-Current	32	32	32	5	2	577	6,451	10,888
Other Non-Current Assets	891	965	1,040	1,101	921	1,032	1,339	1,298
Non-Current Financial Assets	16,392	14,219	13,401	17,667	16,754	18,440	25,899	27,913
Net Fixed Assets	1,720	1,692	1,631	1,862	2,877	3,197	3,658	12,033
Total Current Assets	7,073	6,616	14,188	10,366	9,650	11,798	19,446	33,977
Inventories	962	1,064	1,494	1,231	1,564	1,689	2,077	6,294
Trade Receivables	2,560	1,725	2,717	1,516	1,752	2,076	2,125	3,473
Cash & Cash Equivalents	916	285	517	934	242	560	2,332	2,990
Current Investments	1,576	2,780	8,028	4,969	4,581	5,432	5,902	7,812
Loans – Current	6	6	6	4	4	208	3,465	7,936
Current Financial Assets	5,189	4,915	11,513	8,044	7,501	9,418	16,508	25,004
Other Current Assets	923	637	1,181	1,091	586	692	861	2,679
Other Current Financial Assets	113	88	224	596	473	747	2,168	2,711
Assets Held for Sale	—	—	—	—	—	—	—	75
Net Working Capital	2,199	2,363	8,544	5,677	4,380	2,707	7,862	14,639
Additional Asset Fields	47	44	41	39	36	33	119	1,725
Def Govt Grants Curr	3	3	3	3	3	3	3	3
Def Govt Grants Nc	44	41	39	36	33	31	28	25
Def Tax Assets	—	—	—	—	—	—	89	309
Non Controlling Int	0	0	0	0	0	0	0	1,388
Total Assets	28,834	26,510	33,602	35,111	35,136	39,344	54,199	77,223
Total Borrowings	—	—	—	—	—	1,786	9,237	21,981
Net Debt	—	—	—	—	—	1,225	6,905	18,991
Debt to Equity (x)	—	—	—	—	—	0.06	0.26	0.55
Current Ratio (x)	1.45	1.56	2.51	2.21	1.83	1.3	1.68	1.76

Bajaj Auto cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Bajaj Auto annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	4,197	5,277	6,558	-1,406	2,597
Profit Before Tax	7,072	7,313	9,772	11,139	13,391
Depreciation & Amortisation	270	286	365	414	645
Finance Costs	9	40	60	68	226
Working Capital Changes	595	592	137	-8,910	-6,438
Tax Paid	-1,702	-1,919	-2,387	-2,750	-3,430
Net Cash from Investing Activities	-81	1,200	-344	-1,056	-7,034
Purchase of PPE	-551	-1,074	-706	-814	-560
Sale of Fixed Assets	33	137	12	6	10
Interest Received	243	423	456	307	322
Net Cash from Financing Activities	-4,056	-7,181	-6,167	4,230	5,079
Proceeds from Borrowings	0	0	1,785	8,945	23,266
Repayment of Borrowings	0	0	0	-1,511	-12,585
Interest Paid	-7	-38	-59	-66	-258
Dividend Paid	-4,049	-4,047	-3,960	-2,235	-5,855
Buyback / Redemption of Shares	0	0	0	-932	0
Lease Liabilities Paid	0	0	0	0	-24
Net Change in Cash	417	-692	319	1,771	658
Effect of Foreign Exchange Changes	357	12	272	3	16
Free Cash Flow	3,646	4,203	5,852	-2,219	2,036
CFO / PBT (x)	0.59	0.72	0.67	-0.13	0.19

Bajaj Auto key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Bajaj Auto trades at a P/E of 27.17× against a sector median of 31.58× — a 14% discount. Sector comparisons can mislead for conglomerates with mixed business lines.

Bajaj Auto valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	27.17
Forward P/E	Valuation	21.9
P/B	Valuation	8.23
PEG (TTM)	Valuation	1.31
EV / EBITDA (TTM)	Valuation	18.89
P/S (TTM)	Valuation	4.34
Operating margin	Profitability	20.8%
Net margin (TTM)	Profitability	17.79%
Return on equity	Return ratios	29.2%
Return on capital employed	Return ratios	28.2%
Return on assets	Return ratios	13.89%
Debt to equity	Leverage & liquidity	0.58
Beta	Leverage & liquidity	0.85
EPS (TTM)	Per share	₹420.64
Book value	Per share	₹1,389.35
Revenue / share (TTM)	Per share	₹2,162.28
Cash flow / share	Per share	₹92.98
Dividend yield	Shareholder returns	1.32%
Dividend payout (TTM)	Shareholder returns	93.7%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Bajaj Auto: frequently asked questions

What is Bajaj Auto's annual revenue?

Bajaj Auto reported revenue of ₹62,905 crore in Mar 2026, up 23.4% on the previous financial year.

Is Bajaj Auto profitable?

Bajaj Auto reported a net profit of ₹10,744 crore in Mar 2026, up 46.7% on the previous financial year.

What is Bajaj Auto's EPS?

Bajaj Auto reported earnings per share of ₹384.41 for Mar 2026.

What is Bajaj Auto's operating margin?

Bajaj Auto's operating margin for Mar 2026 was 20.76%.

What is Bajaj Auto's return on equity?

Bajaj Auto's return on equity stands at 29.20%. ROE measures profit generated per rupee of shareholder equity.

How many years of Bajaj Auto financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about Bajaj Auto Ltd (BAJAJ-AUTO) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.