Company: Bajaj Auto Ltd. Category: IPO Notes


Bajaj Auto’s (BJAUT) Q1FY19 operating performance missed estimates, with EBITDA margin at 17.3% (vs our estimate of 19.5%), inching up only 10bps YoY, despite the GST and BS 3 impacted low base (down 210bps QoQ).
July 23, 2018, 10:26 a.m.
Publisher: plindia.com

We studied Bajaj Auto’s (BJAUT) FY18 annual report to get insights into: (a) management’s view on the domestic motorcycle business, (b) drivers and sustainability of exports, (c) Fx hedging and (d) utilization of cash.
July 19, 2018, 11:28 a.m.
Publisher: motilaloswal.com

The domestic 2W industry is expected to grow at a CAGR of ~10% until FY22, led by the Scooter (CAGR of 12-14%) and Motorcycle (CAGR of 8-9%) segments.
July 16, 2018, 10:37 a.m.
Publisher: motilaloswal.com

Bajaj Auto’s 4QFY18 earnings at Rs10.8bn were 5% above our estimate because of higher-than expected other income.
May 22, 2018, 10:57 a.m.
Publisher: nirmalbang.com


BJAUT’s Apr-18 sales increased 25.9% YoY to 415.2k units, exceeding our estimate of 330.5k units.
May 2, 2018, 11:42 a.m.
Publisher: motilaloswal.com

MSIL’s Feb-18 wholesales came in line at 149.8k units (+15% YoY, -1% MoM). YTDFY18 growth was at 13.2%, with a residual monthly run-rate of 164.7k units.
March 1, 2018, 12:46 p.m.

Bajaj Auto: 3QFY18 Result Update
Feb. 6, 2018, 10:56 a.m.
Author : Nirmal Bang | Publisher: nirmalbang.com

Sector Update: Automobiles - Motilal Oswal
Nov. 2, 2017, 10:17 a.m.

Net sales rose 8.7% YoY, led by volume growth of 3.8% YoY (+20.6% QoQ). Realization improved 4.7% YoY (flat QoQ) due to a favorable mix (higher share of 3W). Maintain Buy.
Oct. 24, 2017, 4:14 p.m.

Bajaj Auto: Performance Better Than Expectations
Oct. 23, 2017, 10:43 a.m.
Author : Nirmal Bang | Publisher: nirmalbang.com

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