BAJAJ AUTO LIMITED
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BAJAJ AUTO LIMITED
Bajaj Auto Limited is an India-based company, which is engaged in the business of the development, manufacturing, and distribution of automobiles, such as motorcycles, commercial vehicles, electric vehicles, and parts. It is a manufacturer of two-wheelers, three-wheelers, and quadri-cycles. The Company sells its products in India as well as in various other global markets. Its segments include Automotive, Investments, and Financing. The Automotive segment includes all activities related to the development, design, manufacture, assembly, and sale of two-wheelers/three-wheelers as well as the sale of related parts and accessories. Its motorcycles include Boxer, CT, Platina, Discover, Pulsar, Avenger, KTM, Dominar, Husqvarna, and KTM. Its commercial vehicles include Passenger Carriers, Good Carriers, and Quadricycle. Its three-wheeler vehicles include GoGo, RE, Maxima Z, Maxima X Wide, and Maxima C. Its subsidiaries include Bajaj Auto Credit Ltd., Chetak Technology Ltd., and others.
Key Valuation & Ratios
SWOT Analysis
- Strong ROCE (15.0%)
- Sound financial health
- Market leader position
- Valuation multiplier (30.0x)
- Susceptible to macro headwinds
- Expanding sector trends
- Operational automation
- Stiff domestic competition
- Regulatory policy changes
Pros & Cons
- Consistent return ratios
- Stable business snapshot
- Strong promoter support
- Premium P/E over sector median
- Raw material input inflation