Bajaj Auto is one of the leading auto companies in India, known for its innovative and affordable two-wheelers and three-wheelers. With a market share of over 20%, the company has been a popular choice among investors looking to invest in the Indian auto sector.
With the recent news of Bajaj Auto reporting a 4% increase in domestic sales in January at 1,40,428 units, investors are eager to know the Bajaj Auto share price target for the next few years.
Is Bajaj Auto a good auto stock to buy? In this article, we will take a closer look at the current scenario of the company, its future prospects, and the Bajaj Auto share price target for 2023 to 2030.
About the Company
Bajaj Auto is a producer of two and three-wheeler vehicles and is headquartered in Mumbai, India. Their range of products includes motorbikes, scooters, and auto rickshaws. Established in 1945, the company is ranked as the world’s fifth-largest two-wheeler manufacturer by volume.
The company has established itself as a major player in the market, with its range of high-performance two-wheelers and three-wheelers. Its products are known for their quality and reliability and are sold in over 70 countries worldwide. The company has a strong presence in the domestic market, with a network of over 5,500 dealerships across the country. It has also ventured into international markets, with its products being exported to various countries in Africa, Asia, and Latin America.
In recent years, Bajaj Auto has experienced strong growth, driven by increasing demand for its products both in India and overseas.
Stock Price History of Bajaj Auto
Bajaj Auto has been a part of the Indian stock markets since its initial public offering in 1984. The stock history of Bajaj Auto is marked by periods of high volatility. The stock has seen its share price increase over the years, with a compound annual growth rate of 12.6% between 1984 and 2020.
The company has been able to grow its revenues and profits over the years and has consistently paid dividends to its shareholders. The stock has also been known to be impacted by macroeconomic factors such as the Indian rupee’s performance against the US dollar. In 2020, the company reported strong financial results, with an increase of 21.3% in revenues and a profit margin of 11.3%. The stock is expected to continue to perform well in the future due to its strong fundamentals.
Currently, the stocks of Bajaj Auto are trading at Rs. 3,900 (as of February 2023).
Latest news about Bajaj Auto
- 2023 Bajaj Chetak Electric Scooter With More Range Coming Soon? [15-feb-2023]
- Bajaj Auto reports a 4% increase in domestic sales in January at 1,40,428 units [8-feb-2023]
- Bajaj Auto registers a 25 percent drop in sales for January 2023 [8-feb-2023]
How to buy Bajaj Auto shares online?
To buy shares in Bajaj Auto, you will need to open a demat account with a broker or online trading account. Once you have opened the demat account, you will need to transfer funds into the trading account and identify the desired stocks that you wish to purchase. You can then place a buy order for the stocks and once the order is executed, the purchased stocks will be credited to your demat account. You can then hold the shares for as long as you wish or you can sell them whenever you wish to generate a return.
You can also buy shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of Bajaj Auto: 2023 to 2030
Share Price Target 2023 of Bajaj Auto is ₹5,257.70
| When | Maximum Price | Minimum Price |
| February 2023 | ₹3,918.84 | ₹3,014.49 |
| March 2023 | ₹2,939.13 | ₹2,260.87 |
| April 2023 | ₹3,233.04 | ₹2,486.96 |
| May 2023 | ₹2,694.20 | ₹2,072.46 |
| June 2023 | ₹3,233.04 | ₹2,486.96 |
| July 2023 | ₹3,879.65 | ₹2,984.35 |
| August 2023 | ₹4,267.62 | ₹3,282.78 |
| September 2023 | ₹4,481.00 | ₹3,446.92 |
| October 2023 | ₹4,267.62 | ₹3,282.78 |
| November 2023 | ₹4,694.38 | ₹3,611.06 |
| December 2023 | ₹5,257.70 | ₹4,044.39 |
The table above represents Bajaj Auto’s share price prediction for 2023. It can be seen that the company’s share price is expected to have a bullish trend in the coming months.
The maximum price of the company’s shares ranges from ₹3,918.84 to ₹5,257.70, while the minimum price ranges from ₹2,072.46 to ₹3,282.78. The growth percentage of the shares is expected to be anywhere between 20% to 35%.
This is a clear indication that the company is in an uptrend, and investors are bullish about its future prospects. The company’s consistent performance in the domestic market and the recent growth in sales have contributed to the positive outlook.
It is expected that Bajaj Auto’s share price will continue to grow in the coming months, providing a good return on investment for its shareholders.
Share Price Target 2024 of Bajaj Auto is ₹7,361.01
| When | Maximum Price | Minimum Price |
| January 2024 | ₹5,534.43 | ₹4,257.25 |
| February 2024 | ₹6,218.46 | ₹5,182.05 |
| March 2024 | ₹6,545.74 | ₹5,321.74 |
| April 2024 | ₹5,950.67 | ₹4,577.44 |
| May 2024 | ₹4,958.90 | ₹3,814.54 |
| June 2024 | ₹5,950.67 | ₹4,577.44 |
| July 2024 | ₹5,058.07 | ₹3,920.99 |
| August 2024 | ₹5,563.88 | ₹4,415.78 |
| September 2024 | ₹5,842.07 | ₹4,493.90 |
| October 2024 | ₹6,873.03 | ₹5,286.95 |
| November 2024 | ₹7,216.68 | ₹5,551.29 |
| December 2024 | ₹7,361.01 | ₹5,662.32 |
According to the table, the maximum share price target for the year 2024 is ₹7,361.01, while the minimum share price target is ₹3,814.54. This indicates a growth potential of up to 40% from the minimum share price target.
The company’s shares are expected to be in an uptrend throughout the year, with maximum price targets ranging from ₹5,563.88 to ₹7,361.01. This bullish outlook for the company’s shares is a reflection of the company’s strong performance in the domestic market and its consistent growth in sales.
Despite strong YoY growth in net sales for December 2022, Bajaj Auto stock price saw a 5% decline in the past 6 months indicating potential market volatility. Investors should be cautious and conduct comprehensive research before making investment decisions, as the stock market is inherently unpredictable and subject to external factors.
Investors are optimistic about the company’s future prospects and believe that it will continue to provide good returns on investment. As we see Bajaj Contiously Innovate its Products and maybe this Month They launch EV scooters Which Play an Important Role in the Company’s evolution in the future. Overall, Bajaj Auto’s share price target for 2024 is positive and is expected to perform well in the stock market.
Share Price Target 2025 of Bajaj Auto is ₹8,929.03
| When | Maximum Price | Minimum Price |
| January 2025 | ₹7,508.23 | ₹5,775.57 |
| February 2025 | ₹7,903.41 | ₹6,079.54 |
| March 2025 | ₹8,298.58 | ₹6,383.52 |
| April 2025 | ₹7,409.44 | ₹5,699.57 |
| May 2025 | ₹6,735.86 | ₹5,181.43 |
| June 2025 | ₹7,409.44 | ₹5,699.57 |
| July 2025 | ₹7,056.61 | ₹5,428.16 |
| August 2025 | ₹7,350.64 | ₹5,654.34 |
| September 2025 | ₹7,718.17 | ₹5,937.05 |
| October 2025 | ₹8,181.26 | ₹6,293.28 |
| November 2025 | ₹8,753.95 | ₹6,733.81 |
| December 2025 | ₹8,929.03 | ₹6,868.48 |
The table above represents Bajaj Auto’s share price prediction for 2025. The maximum share price target for the year 2025 is ₹8,929.03, while the minimum share price target is ₹5,181.43. This represents a growth potential of over 60% from the minimum share price target. The company’s shares are expected to continue the uptrend throughout the year, with maximum price targets ranging from ₹7,350.64 to ₹8,929.03.
Bajaj Auto Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹6,250.32 | ₹4,375.22 |
| 2027 | ₹5,312.77 | ₹3,718.94 |
| 2028 | ₹9,562.99 | ₹6,694.09 |
| 2029 | ₹19,643.86 | ₹13,750.70 |
| 2030 | ₹21,876.11 | ₹15,313.28 |
The table above represents Bajaj Auto’s share price prediction from 2026 to 2030.
The maximum and minimum share price targets for 2026 are ₹6,250.32 and ₹4,375.22 respectively. This indicates a potential growth of over 40% from the minimum share price target.
However, in 2027 the maximum share price target is expected to decline to ₹5,312.77, while the minimum share price target is ₹3,718.94, representing a slower growth rate.
In 2028, the company’s shares are expected to bounce back with a maximum share price target of ₹9,562.99 and a minimum share price target of ₹6,694.09, showing a strong uptrend.
In 2029 and 2030, the maximum share price targets are expected to reach ₹19,643.86 and ₹21,876.11 respectively, indicating a growth rate of over 100%.
Overall, Bajaj Auto’s share price target for 2026 to 2030 is positive and is expected to perform well in the stock market.
Financial Condition of Bajaj Auto: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
| Sales | 25,209.93 | 30,357.63 | 29,918.65 | 27,741.08 | 33,144.71 |
| Expenses | 20,364.13 | 25,159.71 | 24,809.31 | 22,803.30 | 27,885.91 |
| Operating Profit | 4,845.80 | 5,197.92 | 5,109.34 | 4,937.78 | 5,258.80 |
| Other Income | 1,403.72 | 2,027.83 | 1,832.38 | 1,569.68 | 2,671.30 |
| Depreciation | 314.80 | 265.69 | 246.43 | 259.37 | 269.76 |
| Interest | 1.31 | 4.48 | 3.16 | 6.66 | 8.66 |
| Profit before tax | 5,933.41 | 6,955.58 | 6,692.13 | 6,241.43 | 7,651.68 |
| Tax | 1,714.47 | 2,027.98 | 1,480.22 | 1,384.41 | 1,485.81 |
| Net profit | 4,218.95 | 4,927.61 | 5,211.91 | 4,857.02 | 6,165.87 |
| EPS | 145.78 | 170.27 | 180.09 | 167.83 | 213.06 |
| Price to earning | 18.83 | 17.10 | 11.23 | 21.87 | 17.15 |
| Price | 2,744.70 | 2,911.10 | 2,022.35 | 3,670.60 | 3,653.00 |
| RATIOS: | |||||
| Dividend Payout | 41.15% | 35.23% | 66.63% | 83.41% | 65.70% |
| OPM | 19.22% | 17.12% | 17.08% | 17.80% | 15.87% |
Bajaj Auto has seen significant growth in the last five years. The company’s sales have increased from 25,209.93 crores in March 2018 to 33,144.71 crores in March 2022, depicting a growth of approximately 31%. The operating profit has also seen growth from 4,845.80 crores to 5,258.80 crores, with a percentage growth of 8%.
The other income has also seen an increase from 1,403.72 crores to 2,671.30 crores, indicating a growth of 91%.
The company’s net profit after tax (PAT) has increased from 4,218.95 crores to 6,165.87 crores, reflecting a growth of 46%.
The earnings per share (EPS) have increased from 145.78 to 213.06, showing a growth of 46%. The price-to-earning (P/E) ratio has fluctuated in the last five years, with the maximum being 21.87 and the minimum being 11.23.
The dividend payout percentage has also seen a fluctuation, with the maximum being 83.41% and the minimum being 35.23%.
The overall growth of the company in terms of revenue, profit, and earnings is indicative of a healthy financial performance.
FAQS
Will the share price of Bajaj Auto increase in 2023?
It is anticipated that Bajaj Auto per share price will increase to ₹5,257.70 by the end of 2023 because the company is planning to invest heavily in new technologies, which is likely to increase its efficiency and profitability in the long term.
What is the share price target of Bajaj Auto for 2025?
The share price target of Bajaj Auto for the year 2025 is ₹8,929.03 because the company has consistently demonstrated an upward trend, with monthly maximum prices steadily increasing throughout the year.
What is the share price target of Bajaj Auto for 2030?
The share price of Bajaj Auto might reach around ₹21,876.11 by the end of 2030 and this growth will be driven by the company’s strong financial performance, diversified portfolio, and foray into new markets.
Also read:
- What will be the Axis Bank Share Price Target: 2023 to 2030?
- What will be the Mphasis Share Price Target: 2023 to 2030?
- What will be the Tech Mahindra Share Price Target: 2023 to 2030?
Conclusion-
The outlook for Bajaj Auto’s share price for the period 2023 to 2030 looks positive. The company has consistently increased its revenues and profits over the last few years and is well-positioned to continue its growth trajectory in the future. The company has a strong presence in the two-wheeler market, both in India and abroad, and it has been able to capitalize on the growing demand for its products. Additionally, the company has made significant investments in its product portfolio and technology, which should help it continue to be competitive in the market. Overall, we expect that Bajaj Auto’s share price should continue to remain strong in the medium to long term and investors should look to invest in this stock.
