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HomeINVESTMENTBiggest Auto Company Announced 4000 Crore Share Buyback; 29th February Fixed

Biggest Auto Company Announced 4000 Crore Share Buyback; 29th February Fixed

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The country’s biggest auto company Bajaj Auto (NSE: BAJAJ-AUTO) is going to do a share buyback. The decision on this was taken in the board meeting held on January 8. 

But now in the information given to the exchange, the company has fixed the record date. The date of the record has been set as 29th Feb.

According to the company, Bajaj Auto will spend Rs 4000 crore on share buyback. This share purchase will be through the tender route. 

According to the information given in the exchange, a buyback of up to 40 lakh shares has been approved. 

The company is buying back shares at Rs 10,000 per share. On Friday, the company’s shares increased by 2.72 percent and closed at Rs 8344.

What is Share buyback?

Share buybacks occur when a company uses its own capital to purchase its shares. The equity of a company is reduced when a share buyback occurs.

The shares purchased from the market will be cancelled. Shares bought back from the market cannot be issued again.

Due to the reduction in equity capital, the company’s share earnings i.e. EPS increases. Stock buybacks improve the P/E ratio.

About Bajaj Auto Ltd

BAJAJ Auto Limited is a top manufacturer of motorcycles and tri-wheelers across India. It was established in 1945 as an automobile sales firm. 

Today, it is the third-largest producer of motorcycles and the largest manufacturer of three-wheelers worldwide. It is India’s biggest exporter of three-wheelers, motorcycles, and quadricycles. 

It is the flagship company part of the Bajaj Group and was incorporated under the Companies Act, of 1956 and has a registered office in Mumbai. 

In the period 2022-23, the Company achieved record-breaking sales of five million vehicles. It also recorded the highest turnover ever recorded at the sum of Rs 37,609 crores. 

The company also raked in an overall profit after tax of 6,060 crores. Bajaj Company is acknowledged across Latin America, Africa, the Middle East, and South and South East Asia.

Fundamental Analysis of Bajaj Auto Ltd

Market Cap₹ 2,35,749 Cr.
Current Price₹ 8,344
52-wk High₹ 8,455
52-wk Low₹ 3,625
Stock P/E31.8
Book Value₹ 1,036
Dividend1.68 %
ROCE26.2 %
ROE20.2 %
Face Value₹ 10.0
P/B Value8.04
OPM19.3 %
EPS₹ 262
Debt₹ 125 Cr.
Debt to Equity0.00

Bajaj Auto Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹8500₹8765
2025₹8900₹9212
2026₹9342₹9565
2027₹9765₹10000
2028₹10324₹10643
2029₹10975₹11083
2030₹11546₹11876
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Bajaj Auto Ltd Shareholding Pattern

Promoters Holding
Dec 202254.99%
Mar 202354.99%
June 202354.99%
Sept 202354.99%
Dec 202354.95%
FII Holding
Dec 202211.82%
Mar 202312.35%
June 202313.67%
Sept 202314.37%
Dec 202314.64%
DII Holding
Dec 202210.91%
Mar 202310.79%
June 20239.56%
Sept 20239.03%
Dec 20238.66%
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Govt. Holding
Dec 20220.07%
Mar 20230.07%
June 20230.07%
Sept 20230.07%
Dec 20230.07%
Public Holding
Dec 202222.20%
Mar 202321.79%
June 202321.72%
Sept 202321.54%
Dec 202321.67%

Bajaj Auto Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 30,358 Cr
2020₹ 29,919 Cr
2021₹ 27,741 Cr
2022₹ 33,145 Cr
2023₹ 42,245 Cr
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Last 5 Years’ Net Profit:

2019₹ 4,928  Cr
2020₹ 5,212 Cr
2021₹ 4,857 Cr
2022₹ 6,166 Cr
2023₹7,402 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:7%
5 Years:7%
3 Years:5%
Current Year:31%

Last 10 years’ Return on Equity (ROE):

10 Years:23%
5 Years:21%
3 Years:20%
Last Year:20%

Sales Growth Over 10 Years:

10 Years:6%
5 Years:8%
3 Years:7%
Current Year:19%

Conclusion

This article is a complete guide about Bajaj Auto Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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