Bajaj Auto (BOM:532977)

QUOTE AND NEWS
The Economic Times  11 hrs ago  Comment 
Auto firms, especially two-wheeler makers such as Bajaj Auto and Hero MotoCorp, have a lot riding on the monsoon.
The Hindu Business Line  Apr 23  Comment 
The Indian School of Business (ISB), with campuses at Mohali and Hyderabad, has received financial support of Rs 30 crore from Bajaj Auto to further enhance learning resources for its research and...
The Hindu Business Line  Apr 22  Comment 
Bajaj Auto has extended ₹30 crore to the Indian School of Business (ISB) to expand learning facilities and provide three scholarships to the students of its post-graduate programme. In recognition...
The Hindu Business Line  Apr 22  Comment 
The Hindu Business Line  Apr 7  Comment 
HCL Technologies gained 2.18 per cent to emerge the top gainer on the NSE on Tuesday morning. At 10.45 am it was trading at Rs 952.40, as against Rs 932.05 at close on Monday. Bajaj Auto...
The Hindu Business Line  Apr 7  Comment 
Bajaj Auto rode up 2.15 per cent to lead the pack on the BSE on Tuesday morning. At 10.30 am the share was trading at Rs 2,075 as against Rs 2,031.35 at close on Monday. GAIL (India) sai...
The Times of India  Apr 6  Comment 
Bajaj Auto on Monday reported a 22 per cent fall in motorcycle sales at 2,09,937 units in March as compared with 2,70,578 units the same month in 2014.
The Hindu Business Line  Mar 31  Comment 
Proposal to be sent to MIDC board
The Hindu Business Line  Mar 26  Comment 
With an eye on the growing super sports bike segment, Bajaj Auto today launched the Pulsar RS 200 at a starting price of Rs 1.18 lakh. The new bike comes with a 4-valve triple spark DTSi...
The Times of India  Mar 25  Comment 
Even as Bajaj Auto Ltd, the world's largest manufacturer of three-wheelers, awaits the Supreme Court's consent to sell its RE60 quadricycle — a low-speed, lightweight four-wheeler meant for inter-city travel — in India, its rivals are taking...
The Economic Times  Mar 24  Comment 
Within days of regulator Sebi's barb, listed companies have begun running from pillar to post to appoint women directors on their respective boards with at least 50 such appointments being made today itself.





 

History

Bajaj Auto Ltd. came in to existance in year 1945. It started selling vehicle in 1948 after importing them from abroad.

In 1959 Bajaj started its own manufacturing unit in India (Akurdi Plant) . and 1960 it became publicly listed company.

In 1970s it started producing three wheelers (for goods transport also) and became pioneer in three wheeler business.

in the same decade it started production of one of the most successfull scooter model in india Bajaj Chetak.

In 80s it started production of Bikes with Kawasaki bajaj but till year 2000 it was not a major player in Bike segment.

But in year 2001 Bajaj came with Pulsar and became major player in Power biking. And now bajaj planning to go in four wheeler pessenger car segment also with 2500$ car.



Quarterly Result Analysis- Sept '09

Performance summary

- Topline grows by a decent 15% YoY during the quarter. Volume growth comes in at 7% YoY.

- Operating profits jump a strong 85% YoY as the company achieves record operating margins of 22%, a more than 8% expansion as compared to the previous quarter.

- Further aided by benign depreciation charges and lower extraordinary expenses, net profits during the quarter witness a spectacular growth of 118% YoY, enabling the company to post its highest ever quarterly profits.

- Half yearly bottomline grows by 93% YoY on the back of a 8% growth in topline.


(Rs m) 2QFY09 2QFY10 Change 1HFY09 1HFY10 Change
Units sold 640,042 686,727 7.30% 1,260,137 1,234,389 (2.00%)
Net sales 25,192 28,875 14.60% 48,239 52,260 8.30%
Expenditure 21,753 22,510 3.50% 42,132 41,341 (1.90%)
Operating profit (EBDITA) 3,439 6,365 85.10% 6,106 10,919 78.80%
EBDITA margin (%) 13.60% 22.00% 12.70% 20.90%
Other income 221 217 (1.70%) 509 449 (11.80%)
Interest (net) 59 ( ) 68 60 (12.10%)
Depreciation 331 336 1.50% 666 667 0.10%
Profit before tax 3,270 6,247 91.00% 5,881 10,642 80.90%
Extraordinary income/(expense) (611) (458) (25.00%) (611) (699)
Tax 810 1,760 117.30% 1,670 2,980 78.40%
Profit after tax/(loss) 1,849 4,028 117.90% 3,600 6,963 93.40%
Net profit margin (%) 7.30% 14.00% 7.50% 13.30%
No. of shares (m) 144.7 144.7 144.7 144.7
Diluted earnings per share (Rs)* 68.5
Price to earnings ratio (x)* 22.9
                                                  (* annualised)


What has driven performance in 2QFY10?

- The 15% growth in topline during the quarter was driven by both higher volumes as well as improved product mix. Motorcycles, which account for nearly 90% of all the vehicles sold by the company, grew by 5% in the domestic markets, whereas exports of the same improved 10%. The growth in the domestic markets was driven by new launches like the upgraded version of the Pulsar as well as the Discover DTS-Si. The company also managed to grow the domestic sales of its three wheelers by an impressive 27% during the quarter, a feat that could be attributed to its marketing initiatives geared towards the in-city segment. On the exports front, with the revival of its key exports market, it witnessed highest ever quarterly exports and the company is now well poised to exceed its target of 0.8 m vehicles for the year.

- As far as margins are concerned, the company has managed to achieve record operating margins to the tune of 22% during the quarter. This was higher by more than 800 basis points as compared to the same quarter last year and enabled the company to grow its operating profits by 85% on a YoY basis. The drastic improvement in margins could be attributed to greater sales of high value products such as Pulsars, Discovers and three wheelers as well as benefits emerging out of the economies of scale. Going forward, while the same level of margins may not continue, it could indeed come higher than historical levels as the company focuses more on high value products.


- With depreciation charges remaining benign and extraordinary losses coming in lower as compared to same quarter last year, the company has managed to more than double its net profits during the quarter, growing it by 118% YoY.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki