Bajaj Auto Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹3,28,405 Cr
- Book Value
- ₹1,389
- Stock P/E
- 27.9
- Dividend Yield
- 1.29%
- ROE
- 29.2%
- ROCE
- 28.2%
- PEG Ratio
- 1.61
- EV/EBITDA
- 19.6
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Technical snapshot
EOD ·Bajaj Auto Ltd closed at ₹11,645.00 on 19 August 2026, up 0.3% on the day, 9.0% above its 50-day average, 1.8% below its 52-week high, with volume at 0.72× its 20-session average.
- RSI 14
- 63.4
- vs 50-day SMA
- +9.0%
- vs 200-day SMA
- +18.5%
- From 52-week high
- -1.8%
- Relative volume
- 0.72×
- 20-day return
- +5.9%
End-of-day prices from exchange-published files (NSE/BSE bhavcopy), updated after market close. Descriptive statistics, not investment advice.
Bajaj Auto share price today
Bajaj Auto (NSE: BAJAJ-AUTO) is the premium end of Indian two-wheelers — Pulsar and KTM at home, Boxer across Africa and Latin America, and a three-wheeler franchise that quietly dominates its category. The economics are what premium positioning buys: 28.2% ROCE, ~20% operating margins, and a board with a serial buyback record that treats shareholders like owners.
One number needs decoding before anything else: the headline debt-to-equity of 0.58 is Bajaj Auto Credit, the new captive finance book, consolidating onto the balance sheet — not operating leverage. The vehicle business itself remains a cash machine. At 27.9× with a PEG of 1.61, the valuation assumes export recovery, premium motorcycles and the EV transition stay on course.
Exports, premium, and the EV question
Three engines drive the story. Exports — Bajaj ships to 70+ countries and is the price-setter in African motorcycle markets; currency and freight swing quarters, but the franchise is structural. Premiumisation — Pulsar, Dominar and the KTM/Triumph partnerships keep average selling prices climbing. Chetak — the EV scooter has scaled into the top tier of electric two-wheelers, giving Bajaj genuine optionality on the transition rather than exposure to it.
Watch-items: African currency cycles (export realisations), EV scooter margins as subsidies fade, the finance book’s asset quality as it seasons, and 125cc-commuter share where Honda fights hardest.
The numbers
Financial snapshot — 5 August 2026
| Metric | Value |
|---|---|
| Market cap | ₹3,28,405 Cr |
| P/E (TTM) | 27.9 |
| EV/EBITDA | 19.6 |
| Operating margin | 19.8% |
| ROE / ROCE | 29.2% / 28.2% |
| Debt to equity | 0.58 (captive finance book) |
| Sales CAGR (5y) | 17.8% |
| Profit CAGR (5y) | 17.3% |
| Promoter holding | 55.0% |
| EPS (TTM) | ₹416.4 |
Bajaj Auto share price target 2026 to 2030
EPS base ₹416.4 (TTM). Bear: export markets stay soft and EVs squeeze commuter margins — 5% growth, multiple at 18×. Base: exports normalise and premiumisation continues — 11% growth at 24×. Bull: Chetak wins the EV transition while exports boom — 15% growth at 30×.
From ₹11,600, the base case is ≈ +45% over four and a half years plus a 1.3% yield. The bear case is −18% — auto multiples compress quickly when volumes disappoint, which is exactly why stronger valuation support sits well below the market price.
Reasons to own Bajaj Auto (at the right price)
- 28% ROCE with a buyback habit — capital discipline is cultural here.
- The export franchise is a moat: distribution and brand across Africa/LatAm that took decades.
- Chetak converts the EV threat into an option — top-tier electric scooter share.
- Three-wheelers (including e-autos) are a near-monopoly annuity most analyses ignore.
- KTM and Triumph partnerships own the premium end of the market.
The risks: African currencies can erase export margins for quarters at a time, the commuter segment is a knife-fight, and the captive finance book adds a credit cycle to an auto cycle.
What to weigh at the current price
At 27.9× earnings, Bajaj Auto needs sustained premium-bike, export and three-wheeler execution; a lower multiple would turn patience into a more favourable payoff.
FAQ
What is the Bajaj Auto share price target for 2030? The table above sets out bear, base and bull scenarios for each year through 2030. These are valuation sensitivities, not promised prices.
Why is Bajaj Auto’s debt-to-equity 0.58 if it’s cash-rich? That’s Bajaj Auto Credit — the captive vehicle-finance subsidiary consolidating its borrowings. The manufacturing business runs net cash; the ratio is a lender’s balance sheet, not factory debt.
Is the Chetak EV profitable? Electric two-wheelers industry-wide are margin-dilutive versus petrol today; Bajaj’s advantage is scale and in-house engineering as subsidies wind down. Track segment disclosure each quarter.
When are Bajaj Auto’s next results? Check the results calendar and confirm the announced date in the relevant exchange filing.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.