Bajaj Auto is currently trading around ₹8,600, presenting a potential buying opportunity as it has dropped 30% from its all-time high. This price level aligns with strong support, making it attractive for investors.
Fundamental Analysis of Bajaj Auto (2024):
Financial Performance: Revenue: Increased from ₹33,145 crore in FY 2022 to ₹44,870 crore in FY 2024. Net Profit: Rose from ₹6,166 crore in FY 2022 to ₹7,708 crore in FY 2024.
Profitability Metrics: Operating Profit Margin: Improved from 16% to 20%. Earnings Per Share (EPS): Increased from ₹212.5 to ₹272.7.
Market Valuation: P/E Ratio: Approximately 31.27, suggesting a higher valuation. Return on Equity (ROE): Strong at 26.43%.
Debt Management: Low debt-to-equity ratio of 6.6, indicating sound financial health.