Bajaj Auto Limited (BAJAJ-AUTO) - Net Assets
Based on the latest financial reports, Bajaj Auto Limited (BAJAJ-AUTO) has net assets worth Rs402.46 Billion INR (≈ $4.35 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs772.23 Billion ≈ $8.35 Billion USD) and total liabilities (Rs369.77 Billion ≈ $4.00 Billion USD). 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. Check Bajaj Auto Limited (BAJAJ-AUTO) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs402.46 Billion |
| % of Total Assets | 52.12% |
| Annual Growth Rate | 11.23% |
| 5-Year Change | 34.78% |
| 10-Year Change | 125.38% |
| Growth Volatility | 26.45 |
Bajaj Auto Limited - Net Assets Trend (2004–2026)
This chart illustrates how Bajaj Auto Limited's net assets have evolved over time, based on quarterly financial data. See BAJAJ-AUTO defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bajaj Auto Limited (2004–2026)
The table below shows the annual net assets of Bajaj Auto Limited from 2004 to 2026. For live valuation and market cap data, see BAJAJ-AUTO market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs402.46 Billion ≈ $4.35 Billion |
+14.28% |
| 2025-03-31 | Rs352.17 Billion ≈ $3.81 Billion |
+21.59% |
| 2024-03-31 | Rs289.62 Billion ≈ $3.13 Billion |
-1.36% |
| 2023-03-31 | Rs293.62 Billion ≈ $3.18 Billion |
-1.67% |
| 2022-03-31 | Rs298.60 Billion ≈ $3.23 Billion |
+9.48% |
| 2021-03-31 | Rs272.73 Billion ≈ $2.95 Billion |
+25.90% |
| 2020-03-31 | Rs216.62 Billion ≈ $2.34 Billion |
-6.76% |
| 2019-03-31 | Rs232.34 Billion ≈ $2.51 Billion |
+13.75% |
| 2018-03-31 | Rs204.25 Billion ≈ $2.21 Billion |
+14.38% |
| 2017-03-31 | Rs178.57 Billion ≈ $1.93 Billion |
+36.88% |
| 2016-03-31 | Rs130.45 Billion ≈ $1.41 Billion |
+17.58% |
| 2015-03-31 | Rs110.95 Billion ≈ $1.20 Billion |
+9.13% |
| 2014-03-31 | Rs101.67 Billion ≈ $1.10 Billion |
+26.06% |
| 2013-03-31 | Rs80.65 Billion ≈ $872.23 Million |
+32.61% |
| 2012-03-31 | Rs60.82 Billion ≈ $657.73 Million |
+26.51% |
| 2011-03-31 | Rs48.08 Billion ≈ $519.91 Million |
+76.92% |
| 2010-03-31 | Rs27.17 Billion ≈ $293.87 Million |
+49.90% |
| 2009-03-31 | Rs18.13 Billion ≈ $196.05 Million |
+11.63% |
| 2008-03-31 | Rs16.24 Billion ≈ $175.63 Million |
-74.51% |
| 2007-03-31 | Rs63.71 Billion ≈ $688.95 Million |
+19.08% |
| 2006-03-31 | Rs53.50 Billion ≈ $578.56 Million |
+20.30% |
| 2005-03-31 | Rs44.47 Billion ≈ $480.94 Million |
+14.77% |
| 2004-03-31 | Rs38.75 Billion ≈ $419.04 Million |
-- |
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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs2.79 Billion | 0.72% |
| Other Components | Rs385.52 Billion | 99.28% |
| Total Equity | Rs388.32 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 |
|---|---|
|
DTE Energy Company
NYSE:DTE
|
$30.36 Billion |
|
Coal India Limited
NSE:COALINDIA
|
$30.37 Billion |
|
Bank of Ningbo Co Ltd
SHE:002142
|
$30.38 Billion |
|
Extra Space Storage Inc
NYSE:EXR
|
$30.40 Billion |
|
STMicroelectronics NV ADR
NYSE:STM
|
$30.27 Billion |
|
Halliburton Company
NYSE:HAL
|
$30.27 Billion |
|
Sunbelt Rentals Holdings, Inc.
NYSE:SUNB
|
$30.26 Billion |
|
Volkswagen AG
XETRA:VOW
|
$30.24 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 2025 to 2026, total equity changed from 351,887,400,000 to 388,319,900,000, a change of 36,432,500,000 (10.4%).
- Net income of 107,442,100,000 contributed positively to equity growth.
- Dividend payments of 58,545,800,000 reduced retained earnings.
- New share issuances of 934,300,000 increased equity.
- Other comprehensive income decreased equity by 103,335,800,000.
- Other factors increased equity by 89,937,700,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs107.44 Billion | +27.67% |
| Dividends Paid | Rs58.55 Billion | -15.08% |
| Share Issuances | Rs934.30 Million | +0.24% |
| Other Comprehensive Income | Rs-103.34 Billion | -26.61% |
| Other Changes | Rs89.94 Billion | +23.16% |
| Total Change | Rs- | 10.35% |
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: 7.23x
- 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 52.45x to 7.23x 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 | Rs191.47 | Rs10042.00 | x |
| 2005-03-31 | Rs215.30 | Rs10042.00 | x |
| 2006-03-31 | Rs256.97 | Rs10042.00 | x |
| 2007-03-31 | Rs303.89 | Rs10042.00 | x |
| 2008-03-31 | Rs58.19 | Rs10042.00 | x |
| 2009-03-31 | Rs62.64 | Rs10042.00 | x |
| 2010-03-31 | Rs93.88 | Rs10042.00 | x |
| 2011-03-31 | Rs166.13 | Rs10042.00 | x |
| 2012-03-31 | Rs210.17 | Rs10042.00 | x |
| 2013-03-31 | Rs278.72 | Rs10042.00 | x |
| 2014-03-31 | Rs351.36 | Rs10042.00 | x |
| 2015-03-31 | Rs383.43 | Rs10042.00 | x |
| 2016-03-31 | Rs450.83 | Rs10042.00 | x |
| 2017-03-31 | Rs617.09 | Rs10042.00 | x |
| 2018-03-31 | Rs705.86 | Rs10042.00 | x |
| 2019-03-31 | Rs802.92 | Rs10042.00 | x |
| 2020-03-31 | Rs748.86 | Rs10042.00 | x |
| 2021-03-31 | Rs942.92 | Rs10042.00 | x |
| 2022-03-31 | Rs1032.69 | Rs10042.00 | x |
| 2023-03-31 | Rs1029.48 | Rs10042.00 | x |
| 2024-03-31 | Rs1024.51 | Rs10042.00 | x |
| 2025-03-31 | Rs1261.29 | Rs10042.00 | x |
| 2026-03-31 | Rs1389.31 | Rs10042.00 | 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): 27.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.08%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.99x
- Recent ROE (27.67%) is below the historical average (29.80%), 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 | Rs3.56 Billion |
| 2005 | 18.39% | 13.95% | 0.57x | 2.32x | Rs3.66 Billion |
| 2006 | 20.58% | 14.32% | 0.51x | 2.82x | Rs5.50 Billion |
| 2007 | 20.33% | 13.46% | 0.45x | 3.35x | Rs6.35 Billion |
| 2008 | 46.14% | 8.64% | 1.78x | 3.00x | Rs5.87 Billion |
| 2009 | 29.53% | 6.34% | 1.44x | 3.24x | Rs3.54 Billion |
| 2010 | 58.78% | 13.83% | 1.38x | 3.08x | Rs13.25 Billion |
| 2011 | 71.87% | 21.55% | 1.75x | 1.90x | Rs29.74 Billion |
| 2012 | 49.22% | 15.80% | 1.70x | 1.84x | Rs23.85 Billion |
| 2013 | 38.84% | 15.35% | 1.61x | 1.57x | Rs23.26 Billion |
| 2014 | 33.25% | 16.39% | 1.35x | 1.51x | Rs23.64 Billion |
| 2015 | 27.27% | 13.76% | 1.38x | 1.44x | Rs19.16 Billion |
| 2016 | 29.01% | 16.14% | 1.43x | 1.26x | Rs24.79 Billion |
| 2017 | 22.85% | 17.85% | 1.06x | 1.21x | Rs22.94 Billion |
| 2018 | 20.66% | 16.08% | 1.04x | 1.23x | Rs21.76 Billion |
| 2019 | 21.21% | 15.61% | 1.09x | 1.24x | Rs26.04 Billion |
| 2020 | 24.06% | 16.63% | 1.18x | 1.22x | Rs30.46 Billion |
| 2021 | 17.81% | 16.77% | 0.86x | 1.23x | Rs21.30 Billion |
| 2022 | 20.65% | 17.98% | 0.98x | 1.18x | Rs31.80 Billion |
| 2023 | 20.64% | 16.24% | 1.06x | 1.20x | Rs31.24 Billion |
| 2024 | 26.61% | 16.70% | 1.17x | 1.36x | Rs48.12 Billion |
| 2025 | 20.82% | 14.12% | 0.96x | 1.54x | Rs38.06 Billion |
| 2026 | 27.67% | 17.08% | 0.81x | 1.99x | Rs68.61 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: $139,799,530,000
- Average return on equity (ROE) among peers: 0.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bajaj Auto Limited (BAJAJ-AUTO) | Rs402.46 Billion | 19.20% | 0.92x | $30.33 Billion |
| Eicher Motors Limited (EICHERMOT) | $126.08 Billion | 13.30% | 0.28x | $22.28 Billion |
| Hero MotoCorp Limited (HEROMOTOCO) | $103.83 Billion | 34.52% | 0.47x | $10.86 Billion |
| Hindustan Motors Limited (HINDMOTORS) | $-91.34 Million | 0.00% | 0.00x | $46.19 Million |
| Hyundai Motor India Ltd (HYUNDAI) | $153.11 Billion | 12.29% | 0.75x | $17.37 Billion |
| Mahindra & Mahindra Limited (M&M) | $568.25 Billion | 11.57% | 2.06x | $40.68 Billion |
| Ola Electric Mobility Ltd (OLAELEC) | $23.56 Billion | -62.47% | 1.37x | $2.04 Billion |
| SML Isuzu Limited (SMLISUZU) | $3.85 Billion | -5.47% | 1.23x | $491.77 Million |
About 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.