auto

Bajaj Auto

BAJAJ_AUTO · Nifty 50

10,042

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

ValuationPE 26.2 (22%ile of 5Y range 17-30). Trading below historical range.
Sector Positionauto sector. Flow: neutral. is not among current leaders. Regime: BROAD EXPANSION (73%).
Fundamental Score85/100 (STRONG). 3 positive flags, 5 concerns.
Historical Context155 similar technical setups. Average outcome: -7.9% decline. 0% positive.
Revenue TrendRevenue growing at 48.8% YoY. Strong revenue growth — 48.8% YoY

Fundamental

85/100

STRONG

Trust

95/100

Verification

Coverage

89/100

HIGH

Quick Take

Bajaj Auto scores 85/100 on fundamentals (strong). Bajaj Auto: PE below historical average. BROAD EXPANSION regime.

Fundamental Score: 85/100 · STRONG · 3 signals detected

DuPont Analysis

ROE 27.7% broken into three drivers. Each shows how efficiently the company generates returns.

ROE27.7%=
17.8%Net Margin
×
0.8xTurnover
×
2.0xLeverage

ROE of 27.66% is strong margin-driven and stable. Net margin of 17.8% × asset turnover of 0.78x × leverage of 2.0x.

What This Means

Net margin of 17.8% means the company keeps ₹17.8 as profit for every ₹100 of revenue. This is a healthy margin. Asset turnover of 0.78x means the company efficiently uses its assets to generate revenue. Leverage of 2.0x means the company uses moderate debt. Returns are primarily driven by operations, not borrowing.

Margin Structure

Gross

30.0%

Operating

25.0%

Net

17.8%

improving

Gross margin 30.0% → operating margin 25.0% → net margin 17.8%. Margins are IMPROVING.

Financial Health

Earnings Quality

WEAK

Cash flow only covers 0.2x of net income — earnings quality is WEAK. Profit may not be converting to cash. Check receivables and inventory.

Debt Sustainability

COMFORTABLE

Interest covered 12.9x — very comfortable. Debt service is not a concern. Debt/EBITDA at 1.4x is low — balance sheet has capacity.

Free Cash Flow

STRONG

FCF margin at 3.1% — moderate. Generating cash after investments.

Peer Comparison

Bajaj Auto is compared against 10 peers in the auto sector.

Key Watchpoints

🟢

Breaks above ₹10544 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹9540 (-5%)

Further downside risk

🟡

PE reverts to 5Y median of 26.3

Valuation normalization

🟢

Auto sector entering leadership

Sector rotation signal

Detected Patterns

✅ Cash Flow Inflection: FCF turned positive after negative periods — major transition
➡️ Leverage Slowly Rising: Debt growing faster (145.1%) than equity (10.4%)
⚠️ Low Earnings Quality: Cash flow only 0.2x earnings — weak cash conversion

Risk Flags

🔴 2 Critical⚠️ 3 Warning3 Positive8 total flags
🔴Cash covers only 15% of current liabilities
Balance Sheet

Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.

🔴Operating cash flow significantly below net income
Cash Flow

OCF is only 0.2x net income. Profit not converting to cash — aggressive accounting possible.

⚠️Working capital changes are 269% of operating cash flow
Cash Flow

Working capital is consuming significant cash. Operational efficiency declining.

⚠️Overall governance risk: 8/10
Governance

Elevated risk score. Review audit, board, and shareholder rights metrics.

⚠️Audit risk elevated: 10/10
Governance

Potential accounting concerns. Cross-check with earnings quality flags.

Minimal unusual items — clean earnings
Earnings Quality

Profits are from core operations, not one-offs. High quality.

Receivables decreasing — 14.9% of revenue
Cash Flow

Collection cycle changing. Collection improving — positive for cash flow.

High promoter holding: 60%
Governance

Strong insider alignment. Promoters have significant skin in the game.

🔴 2 CRITICAL flags — significant concerns. Investigate before investing.

Data Quality

95/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

margin pressure (4)management outlook (4)
⚠️ Our margin analysis (improving) contradicts news reports of margin pressure — investigate

50 articles scanned for fundamental themes

Facts

P/E Ratio
26.2HIGH
P/B Ratio
7.2HIGH
ROE
28.1%HIGH
Market Cap
₹28103116.1L CrHIGH
From 52W High
93% of high
Promoter Holding
60.0%MODERATE
Institutional
17.6%
Sector Peers
10
Bajaj Auto Stock Analysis, Valuation, Fundamentals & Intelligence | FynSight