Bajaj Auto Limited
Bajaj Auto Limited, together with its subsidiaries, engages in the development, manufacture, and distribution of automobiles in India and internationally. The company offers motorcycles, bikes, commercial vehicles, electric two-wheelers, and three-wheeler, as well as related parts and accessories. It also exports its products. The company was founded in 1945 and is based in Pune, India.
Bajaj Auto Limited (BAJAJ-AUTO) - Net Assets
Latest net assets as of September 2025: ₹341.70 Billion INR
Based on the latest financial reports, Bajaj Auto Limited (BAJAJ-AUTO) has net assets worth ₹341.70 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹654.56 Billion) and total liabilities (₹312.86 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹341.70 Billion |
| % of Total Assets | 52.2% |
| Annual Growth Rate | 11.08% |
| 5-Year Change | 29.12% |
| 10-Year Change | 169.95% |
| Growth Volatility | 27.07 |
Bajaj Auto Limited - Net Assets Trend (2004–2025)
This chart illustrates how Bajaj Auto Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bajaj Auto Limited (2004–2025)
The table below shows the annual net assets of Bajaj Auto Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹352.17 Billion | +21.59% |
| 2024-03-31 | ₹289.62 Billion | -1.36% |
| 2023-03-31 | ₹293.62 Billion | -1.67% |
| 2022-03-31 | ₹298.60 Billion | +9.48% |
| 2021-03-31 | ₹272.73 Billion | +25.90% |
| 2020-03-31 | ₹216.62 Billion | -6.76% |
| 2019-03-31 | ₹232.34 Billion | +13.75% |
| 2018-03-31 | ₹204.25 Billion | +14.38% |
| 2017-03-31 | ₹178.57 Billion | +36.88% |
| 2016-03-31 | ₹130.45 Billion | +17.58% |
| 2015-03-31 | ₹110.95 Billion | +9.13% |
| 2014-03-31 | ₹101.67 Billion | +26.06% |
| 2013-03-31 | ₹80.65 Billion | +32.61% |
| 2012-03-31 | ₹60.82 Billion | +26.51% |
| 2011-03-31 | ₹48.08 Billion | +76.92% |
| 2010-03-31 | ₹27.17 Billion | +49.90% |
| 2009-03-31 | ₹18.13 Billion | +11.63% |
| 2008-03-31 | ₹16.24 Billion | -74.51% |
| 2007-03-31 | ₹63.71 Billion | +19.08% |
| 2006-03-31 | ₹53.50 Billion | +20.30% |
| 2005-03-31 | ₹44.47 Billion | +14.77% |
| 2004-03-31 | ₹38.75 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bajaj Auto Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 24498810000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹244.99 Billion | 69.62% |
| Common Stock | ₹2.79 Billion | 0.79% |
| Other Comprehensive Income | ₹103.34 Billion | 29.37% |
| Other Components | ₹770.90 Million | 0.22% |
| Total Equity | ₹351.89 Billion | 100.00% |
Bajaj Auto Limited Competitors by Market Cap
The table below lists competitors of Bajaj Auto Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IONQ Inc
NYSE:IONQ
|
$11.58 Billion |
|
Ionis Pharmaceuticals Inc
NASDAQ:IONS
|
$11.61 Billion |
|
Hanwha Ocean Co., Ltd
KO:042660
|
$11.62 Billion |
|
Sumitomo Electric Industries Ltd
PINK:SMTOF
|
$11.62 Billion |
|
Nova Minerals Limited Warrant
NASDAQ:NVAWW
|
$11.57 Billion |
|
ASR Nederland NV
AS:ASRNL
|
$11.56 Billion |
|
Nova Measuring Instruments Ltd
F:NMR
|
$11.55 Billion |
|
Hengtong Optic Electric Co Ltd
SHG:600487
|
$11.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bajaj Auto Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 289,624,100,000 to 351,887,400,000, a change of 62,263,300,000 (21.5%).
- Net income of 73,247,300,000 contributed positively to equity growth.
- Dividend payments of 22,353,200,000 reduced retained earnings.
- Share repurchases of 9,318,400,000 reduced equity.
- New share issuances of 293,400,000 increased equity.
- Other comprehensive income increased equity by 13,138,700,000.
- Other factors increased equity by 7,255,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹73.25 Billion | +20.82% |
| Dividends Paid | ₹22.35 Billion | -6.35% |
| Share Repurchases | ₹9.32 Billion | -2.65% |
| Share Issuances | ₹293.40 Million | +0.08% |
| Other Comprehensive Income | ₹13.14 Billion | +3.73% |
| Other Changes | ₹7.26 Billion | +2.06% |
| Total Change | ₹- | 21.50% |
Book Value vs Market Value Analysis
This analysis compares Bajaj Auto Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.19x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 47.39x to 7.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹191.47 | ₹9073.00 | x |
| 2005-03-31 | ₹215.30 | ₹9073.00 | x |
| 2006-03-31 | ₹256.97 | ₹9073.00 | x |
| 2007-03-31 | ₹303.89 | ₹9073.00 | x |
| 2008-03-31 | ₹58.19 | ₹9073.00 | x |
| 2009-03-31 | ₹62.64 | ₹9073.00 | x |
| 2010-03-31 | ₹93.88 | ₹9073.00 | x |
| 2011-03-31 | ₹166.13 | ₹9073.00 | x |
| 2012-03-31 | ₹210.17 | ₹9073.00 | x |
| 2013-03-31 | ₹278.72 | ₹9073.00 | x |
| 2014-03-31 | ₹351.36 | ₹9073.00 | x |
| 2015-03-31 | ₹383.43 | ₹9073.00 | x |
| 2016-03-31 | ₹450.83 | ₹9073.00 | x |
| 2017-03-31 | ₹617.09 | ₹9073.00 | x |
| 2018-03-31 | ₹705.86 | ₹9073.00 | x |
| 2019-03-31 | ₹802.92 | ₹9073.00 | x |
| 2020-03-31 | ₹748.86 | ₹9073.00 | x |
| 2021-03-31 | ₹942.92 | ₹9073.00 | x |
| 2022-03-31 | ₹1032.69 | ₹9073.00 | x |
| 2023-03-31 | ₹1029.48 | ₹9073.00 | x |
| 2024-03-31 | ₹1024.51 | ₹9073.00 | x |
| 2025-03-31 | ₹1261.29 | ₹9073.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bajaj Auto Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.12%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.54x
- Recent ROE (20.82%) is below the historical average (29.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 19.20% | 15.62% | 0.62x | 1.99x | ₹3.56 Billion |
| 2005 | 18.39% | 13.95% | 0.57x | 2.32x | ₹3.66 Billion |
| 2006 | 20.58% | 14.32% | 0.51x | 2.82x | ₹5.50 Billion |
| 2007 | 20.33% | 13.46% | 0.45x | 3.35x | ₹6.35 Billion |
| 2008 | 46.14% | 8.64% | 1.78x | 3.00x | ₹5.87 Billion |
| 2009 | 29.53% | 6.34% | 1.44x | 3.24x | ₹3.54 Billion |
| 2010 | 58.78% | 13.83% | 1.38x | 3.08x | ₹13.25 Billion |
| 2011 | 71.87% | 21.55% | 1.75x | 1.90x | ₹29.74 Billion |
| 2012 | 49.22% | 15.80% | 1.70x | 1.84x | ₹23.85 Billion |
| 2013 | 38.84% | 15.35% | 1.61x | 1.57x | ₹23.26 Billion |
| 2014 | 33.25% | 16.39% | 1.35x | 1.51x | ₹23.64 Billion |
| 2015 | 27.27% | 13.76% | 1.38x | 1.44x | ₹19.16 Billion |
| 2016 | 29.01% | 16.14% | 1.43x | 1.26x | ₹24.79 Billion |
| 2017 | 22.85% | 17.85% | 1.06x | 1.21x | ₹22.94 Billion |
| 2018 | 20.66% | 16.08% | 1.04x | 1.23x | ₹21.76 Billion |
| 2019 | 21.21% | 15.61% | 1.09x | 1.24x | ₹26.04 Billion |
| 2020 | 24.06% | 16.63% | 1.18x | 1.22x | ₹30.46 Billion |
| 2021 | 17.81% | 16.77% | 0.86x | 1.23x | ₹21.30 Billion |
| 2022 | 20.65% | 17.98% | 0.98x | 1.18x | ₹31.80 Billion |
| 2023 | 20.64% | 16.24% | 1.06x | 1.20x | ₹31.24 Billion |
| 2024 | 26.61% | 16.70% | 1.17x | 1.36x | ₹48.12 Billion |
| 2025 | 20.82% | 14.12% | 0.96x | 1.54x | ₹38.06 Billion |
Industry Comparison
This section compares Bajaj Auto Limited's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $33,019,237,906
- Average return on equity (ROE) among peers: -5.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bajaj Auto Limited (BAJAJ-AUTO) | ₹341.70 Billion | 19.20% | 0.92x | $11.57 Billion |
| Ather Energy Limited (ATHERENERG) | $2.25 Billion | -153.00% | 2.64x | $80.17K |
| Eicher Motors Limited (EICHERMOT) | $70.57 Billion | 27.77% | 0.35x | $10.58 Billion |
| FORCE MOTORS LTD (FORCEMOT) | $11.43 Billion | 72.10% | 0.46x | $1.16 Billion |
| Hero MotoCorp Limited (HEROMOTOCO) | $65.59 Billion | 36.06% | 0.62x | $7.90 Billion |
| Hindustan Motors Limited (HINDMOTORS) | $994.18 Million | -47.47% | 3.79x | $32.40 Million |
| Maruti Suzuki India Limited (MARUTI) | $121.83 Billion | 21.54% | 0.39x | $17.02 Billion |
| Ola Electric Mobility Ltd (OLAELEC) | $19.71 Billion | -10.11% | 0.07x | $1.29 Billion |
| SML Isuzu Limited (SMLISUZU) | $965.28 Million | 4.96% | 3.82x | $114.46 Million |
| SML Mahindra Ltd. (SMLMAH) | $3.85 Billion | -5.47% | 1.38x | $421.03K |