Bajaj Auto Limited is India’s second-largest two-wheeler manufacturer and a global leader in three-wheeler exports. Headquartered in Pune, the company operates under iconic brands like Bajaj Pulsar, Platina, Chetak (electric scooter), and dominates the commercial three-wheeler segment in Africa and Southeast Asia. Known for its capital-light model, high return ratios, and disciplined capital allocation, Bajaj Auto has consistently delivered strong profitability and shareholder returns. As of January 2026, it trades at a premium valuation justified by its quality, cash flow, and export dominance. This article provides a data-driven outlook on the Bajaj Auto share price target 2026–2030.
Bajaj Auto: Company Overview
- Founded: 1945
- Managing Director: Mr. Rajiv Bajaj
- NSE Symbol: BAJAJ-AUTO
- Core Business Segments:
- Two-Wheelers (65%) – Pulsar, Platina, Dominar
- Three-Wheelers (30%) – Commercial & passenger
- Electric Vehicles (5%) – Chetak
- Market Position: #2 in Indian two-wheelers; #1 global exporter of three-wheelers
Bajaj Auto benefits from a lean balance sheet, minimal debt, and leadership in high-margin export markets. It is also expanding its EV portfolio with the Chetak platform and exploring premium motorcycle segments.
Bajaj Auto: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹9,460 |
| Market Capitalization | ₹2,64,647 Cr |
| No. of Shares Outstanding | 27.95 Cr |
| 52-Week High / Low | ₹9,800 / ₹6,850 |
| P/E Ratio (TTM) | 30.30 |
| P/B Ratio | 8.61 |
| EPS (TTM) | ₹312.48 |
| Book Value (TTM) | ₹1,100.11 |
| ROE | 28.70% |
| ROCE | 37.76% |
| Dividend Yield | 2.22% |
| Face Value | ₹10 |
| Cash | ₹1,328.55 Cr |
| Debt | ₹927.64 Cr |
| Promoter Holding | 55.04% |
| Sales Growth (YoY) | 11.92% |
| Profit Growth (YoY) | 8.99% |
Bajaj Auto Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹9,800 – ₹10,600 |
| 2027 | ₹10,300 – ₹11,400 |
| 2028 | ₹10,800 – ₹12,300 |
| 2029 | ₹11,300 – ₹13,300 |
| 2030 | ₹11,800 – ₹14,400 |
Bajaj Auto Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹9,800 | ₹10,600 |
Bajaj Auto reported 8.99% YoY profit growth in FY2025, supported by strong export demand and stable margins. With a ROCE of 37.76% and a ROE of 28.70%, the company exemplifies capital efficiency. Trading at a P/E of 30.3x and P/B of 8.61x, the stock reflects a premium valuation for quality. A 2026 target range of ₹9,800–₹10,600 assumes continued export momentum and EV traction.
Bajaj Auto Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹10,300 | ₹11,400 |
If the company sustains 10–12% earnings growth and benefits from new product launches (e.g., Chetak 2.0, Pulsar N400), EPS could reach ₹330–₹350 by FY27. Assuming a P/E of 30–31x, the 2027 target range of ₹10,300–₹11,400 is justified.
Bajaj Auto Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹10,800 | ₹12,300 |
By 2028, benefits from EV scale-up and African market expansion should reflect in margins. A P/E of 31–32x on projected EPS of ₹345–₹375 supports the ₹10,800–₹12,300 band.
Bajaj Auto Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹11,300 | ₹13,300 |
Long-term tailwinds include rising rural mobility, export diversification, and premiumization. If competition doesn’t erode pricing, EPS could reach ₹360–₹390 by FY29. At a P/E of 31–33x, the 2029 target is ₹11,300–₹13,300.
Bajaj Auto Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹11,800 | ₹14,400 |
Over a five-year horizon, Bajaj Auto’s appeal lies in capital efficiency + export moat—not volume explosion. If ROE stays above 28% and dividends grow consistently, investor confidence will strengthen. A terminal P/E of 32–34x on FY30 EPS (~₹370–₹425) justifies the ₹11,800–₹14,400 range.
Bajaj Auto: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 55.04% |
| Public & Retail | 22.52% |
| Domestic Institutional Investors (DII) | 12.79% |
| Foreign Institutional Investors (FII) | 9.65% |
High promoter holding ensures strategic continuity. Strong public ownership enhances liquidity.
Bajaj Auto: Strengths vs Risks
Strengths:
- Exceptional ROCE (37.76%) and ROE (28.70%)
- Near debt-free balance sheet (Net Cash: ₹401 Cr)
- Global leadership in three-wheelers
- Consistent dividend payer (65–70% payout ratio)
Risks:
- Premium valuation leaves little room for execution misses
- EV adoption slower than peers (TVS, Hero)
- Exposure to African currency and political risk
- Contingent liabilities of ₹12,450 Cr require monitoring
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate |
| Ideal Time Horizon | 5+ years |
| Volatility | Lower than auto peers (Beta: 0.8) |
| Dividend/Income Potential | Good (2.22% yield + consistent payouts) |
| Best For | Quality-focused investors betting on India’s mobility and export story |
FAQs
What was the Bajaj Auto IPO price?
Bajaj Auto’s IPO price was ₹15 per share in 1994—the first public offering by the Bajaj Group.
What is the dividend of Bajaj Auto in 2025?
For FY2025, Bajaj Auto declared an interim dividend of ₹105/share and a final dividend of ₹105/share, totaling ₹210/share—a dividend yield of 2.22% at current prices.
Is Bajaj Auto overvalued or undervalued?
It is fairly valued for a high-quality business. While the P/E of 30.3x appears rich vs. Maruti (P/E: 24x), it is justified by superior ROCE (37.8% vs. 22%), net cash position, and export resilience.
What is the highest share price of Bajaj Auto?
As of January 2026, the all-time high is ₹9,800 (achieved in December 2025). The 52-week high is also ₹9,800.
Final Verdict
Bajaj Auto remains India’s most efficient auto manufacturer—a rare blend of capital discipline, global scale, and shareholder focus. While not cheap, its premium valuation is backed by execution consistency.
Our Bajaj Auto share price target 2026–2030 (₹9,800 to ₹14,400) reflects steady earnings growth, multiple stability, and sustained investor confidence. Upside is capped by valuation; downside is cushioned by ROCE and cash flows.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Bajaj Auto Consolidated Page (FY2025 + TTM)
- Finology Ticker – BAJAJ-AUTO Financials & Analysis
- Groww.in – Bajaj Auto Stock Profile
- Bajaj Auto Investor Presentation (Q3 FY26, Jan 2026)
- SIAM – Two-Wheeler Industry Reports 2025
