| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 25,126 | 15,735 | +59.7% |
| EBITDA | 4,896 | 3,463 | +41.4% |
| EBITDA margin | 19.5% | 22.0% | −2.5 pts |
| Profit before tax | 4,569 | 3,633 | +25.8% |
| Net profit | 3,384 | 2,122 | +59.5% |
| EPS | ₹124.60 | ₹76.00 | +63.9% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 2,93,056 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 10,351 | 10,802 | 8,234 | 5,992 | 4,823 | ||
| 1,301 | 1,388 | 0.0 | 0.0 | 0.0 | ||
| 21,981 | 21,981 | 9,237 | 1,786 | 0.0 | ||
| 3,05,986 | — | — | — | — | ||
| 80,851 | 62,905 | 50,995 | 44,870 | 36,455 | ||
| — | +23.4% | +13.6% | +23.1% | — | ||
| 16,232 | 13,061 | 10,468 | 8,762 | 6,451 | ||
| 20.1% | 20.8% | 20.5% | 19.5% | 17.7% | ||
| 15,010 | 12,416 | 10,054 | 8,397 | 6,165 | ||
| 12,815 | 10,575 | 7,325 | 7,708 | 6,060 | ||
| 15.9% | 16.8% | 14.4% | 17.2% | 16.6% | ||
| ₹467.74 | ₹384.41 | ₹262.07 | ₹275.79 | ₹216.82 | ||
| — | +46.7% | −5.0% | +27.2% | — | ||
| — | 2,597 | −1,406 | 6,558 | 5,277 | ||
| — | −722 | −874 | −723 | −1,110 | ||
| 1,874 | 1,874 | −2,279 | 5,835 | 4,167 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 2,93,055.8 | |
| - Cash, Equiv & ST Investments | 4,823.0 | 5,992.0 | 8,233.6 | 10,801.6 | 10,350.7 | |
| + Minority Interest | 0.0 | 0.0 | 0.0 | 1,388.4 | 1,300.6 | |
| + Total Debt | 0.0 | 1,785.9 | 9,236.5 | 21,980.6 | 21,980.6 | |
| Enterprise Value | — | — | — | — | 3,05,986.2 | |
| Revenue | 36,455.4 | 44,870.4 | 50,994.6 | 62,905.0 | 80,851.3 | |
| Growth %, YoY | — | +23.1 | +13.6 | +23.4 | — | |
| EBITDA | 6,450.5 | 8,761.6 | 10,467.7 | 13,061.1 | 16,232.1 | |
| Margin % | 17.69 | 19.53 | 20.53 | 20.76 | 20.08 | |
| EBIT | 6,164.7 | 8,396.8 | 10,053.5 | 12,416.4 | 15,010.0 | |
| Net Income | 6,060.2 | 7,708.2 | 7,324.7 | 10,574.5 | 12,815.2 | |
| Margin % | 16.62 | 17.18 | 14.36 | 16.81 | 15.85 | |
| EPS, Adj (current shares) | 216.82 | 275.79 | 262.07 | 384.41 | 467.74 | |
| Growth %, YoY | — | +27.2 | -5.0 | +46.7 | — | |
| Cash from Operations | 5,277.4 | 6,558.2 | -1,405.6 | 2,596.6 | — | |
| Capital Expenditures | -1,110.2 | -722.8 | -873.8 | -722.3 | — | |
| Free Cash Flow | 4,167.2 | 5,835.3 | -2,279.4 | 1,874.3 | 1,874.3 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Bajaj Auto (NSE: BAJAJ-AUTO) had a market capitalisation of ₹2,85,335 crore at the 29 October 2026 close (₹10,383.00 a share), a PE ratio of 21.8 on the last four quarters' profit and a price-to-book ratio of 7.79. In FY26 its consolidated net profit attributable to shareholders was ₹10,744 crore on revenue of ₹62,905 crore; in Q2 FY27 (July–September 2026) it was ₹3,436 crore, up 61.9% year on year. Its debt-to-equity ratio was 0.68 on 30 September 2026. Promoters held 55.95% of the shares on 30 September 2026.
Bajaj Auto's PE ratio is 21.8 at the 29 October 2026 close (₹10,383.00 a share): a market capitalisation of ₹2,85,335 crore divided by consolidated net profit attributable to shareholders of ₹13,073 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹10,744 crore) it is 26.6.
Bajaj Auto's price-to-book (PB) ratio is 7.79 at the 29 October 2026 close: a market capitalisation of ₹2,85,335 crore divided by shareholders' equity (book value) of ₹36,606 crore on 30 September 2026. That is a book value of ₹1,332.06 per share against a share price of ₹10,383.00.
Bajaj Auto's net worth — shareholders' equity in its consolidated balance sheet — was ₹36,606 crore on 30 September 2026, up 7.1% from ₹34,170 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,85,335 crore at the 29 October 2026 close.
Bajaj Auto's market capitalisation was ₹2,85,335 crore (₹2.85 lakh crore) at the 29 October 2026 close: 27.48 crore shares at ₹10,383.00 each.
Bajaj Auto's basic earnings per share (EPS) were ₹385.00 in FY26, against ₹262.40 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹469.70.
In 2026, Bajaj Auto has declared one dividend: ₹150 with record date 29 May 2026.
No. Bajaj Auto had borrowings of ₹25,778 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.68. Its cash and current investments were ₹10,759 crore, so its net debt was ₹15,019 crore.
Bajaj Auto's debt-to-equity ratio was 0.68 on 30 September 2026: borrowings of ₹25,778 crore against total equity of ₹37,907 crore. A year earlier, on 30 September 2025, it was 0.57.
Bajaj Auto's book value per share was ₹1,332.06 on 30 September 2026: shareholders' equity of ₹36,606 crore divided by the 27.48 crore shares in issue, up 8.9% from ₹1,223.58 a year earlier. The share price at the 29 October 2026 close was ₹10,383.00.
In FY26, Bajaj Auto's return on equity (ROE) was 29.0% and its return on capital employed (ROCE) was 24.7%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 22.8% and ROCE 27.6%.
On 30 September 2026, Bajaj Auto's shares were held by promoters 55.95%, foreign portfolio investors (FII/FPI) 8.87%, domestic institutions (DII) 13.31% (including mutual funds at 5.89%) and retail and other non-institutional investors 21.87%. Over the year, FII holding was down 0.79 percentage points from 9.66% and DII holding was up 0.53 percentage points from 12.78%.
Bajaj Auto's latest results are for Q2 FY27 (July–September 2026), filed on 27 October 2026: consolidated net profit attributable to shareholders ₹3,436 crore, up 61.9% from ₹2,122 crore in Q2 FY26; revenue from operations ₹25,126 crore, up 59.7% year on year.
Bajaj Auto's dividend yield is 1.44% at the 29 October 2026 close: dividends of ₹150 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹10,383.00. They were ₹150 on 29 May 2026.
Promoters held 55.95% of Bajaj Auto on 30 September 2026, up 0.94 percentage points from 55.01% the previous quarter and up 0.91 percentage points from 55.04% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Bajaj Auto generated ₹2,597 crore of cash from operations and spent ₹722 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹1,874 crore. In FY25 it was −₹2,279 crore.
In FY26 (April 2025–March 2026), Bajaj Auto's consolidated net profit attributable to shareholders was ₹10,744 crore, up 46.7% from ₹7,325 crore in FY25, on revenue from operations of ₹62,905 crore (up 23.4%). Over three years, from FY23, net profit was up 77.3%.
Bajaj Auto has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Bajaj Auto's PE ratio is 26.6, the third highest of the four: Hero MotoCorp 17.8, TVS Motor 67.4 and Eicher Motors 36.0, a peer average of 40.4. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Hero MotoCorp, TVS Motor and Eicher Motors: Bajaj Auto's operating margin of 19.7% is the second highest of the four (Hero MotoCorp 13.1%, TVS Motor 12.7%, Eicher Motors 21.1%; peer average 15.6%); its return on equity of 29.0% is the second highest of the four (Hero MotoCorp 28.1%, TVS Motor 33.4%, Eicher Motors 23.8%; peer average 28.4%); its revenue growth over three years of 19.9% a year is the second highest of the four (Hero MotoCorp 11.6% a year, TVS Motor 20.6% a year, Eicher Motors 17.5% a year; peer average 16.5% a year).
In FY26, Bajaj Auto earned net profit attributable to shareholders of ₹10,744 crore on revenue of ₹62,905 crore, against ₹5,742 crore on ₹47,411 crore for Hero MotoCorp. Bajaj Auto's operating margin was 19.7% (Hero MotoCorp 13.1%) and its return on equity 29.0% (Hero MotoCorp 28.1%). At the 29 October 2026 close, Bajaj Auto's market capitalisation was ₹2,85,335 crore against ₹1,02,177 crore for Hero MotoCorp, and its PE ratio on FY26 profit 26.6 against 17.8.
From Bajaj Auto's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.