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- Indian - automobiles
- BAJAJ AUTO - HERO MOTOCORP
BAJAJ AUTO vs HERO MOTOCORP - Comparison Results
Current Valuations
| BAJAJ AUTO | HERO MOTOCORP | BAJAJ AUTO/ HERO MOTOCORP |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 33.9 | 22.2 | 152.7% | View Chart |
| P/BV | x | 9.2 | 5.4 | 170.7% | View Chart |
| Dividend Yield | % | 0.8 | 2.9 | 28.6% |
Financials
 BAJAJ AUTO  HERO MOTOCORP |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| BAJAJ AUTO Mar-24 |
HERO MOTOCORP Mar-24 |
BAJAJ AUTO/ HERO MOTOCORP |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 9,285 | 4,980 | 186.4% | |
| Low | Rs | 3,890 | 2,374 | 163.9% | |
| Sales per share (Unadj.) | Rs | 1,607.2 | 1,890.2 | 85.0% | |
| Earnings per share (Unadj.) | Rs | 276.1 | 187.2 | 147.5% | |
| Cash flow per share (Unadj.) | Rs | 289.2 | 217.1 | 133.2% | |
| Dividends per share (Unadj.) | Rs | 80.00 | 140.00 | 57.1% | |
| Avg Dividend yield | % | 1.2 | 3.8 | 31.9% | |
| Book value per share (Unadj.) | Rs | 1,033.7 | 883.0 | 117.1% | |
| Shares outstanding (eoy) | m | 279.18 | 199.92 | 139.6% | |
| Bonus / Rights / Conversions | 0 | 0 | - | ||
| Price / Sales ratio | x | 4.1 | 1.9 | 210.7% | |
| Avg P/E ratio | x | 23.9 | 19.6 | 121.5% | |
| P/CF ratio (eoy) | x | 22.8 | 16.9 | 134.5% | |
| Price / Book Value ratio | x | 6.4 | 4.2 | 153.0% | |
| Dividend payout | % | 29.0 | 74.8 | 38.7% | |
| Avg Mkt Cap | Rs m | 1,839,090 | 735,057 | 250.2% | |
| No. of employees | `000 | NA | NA | - | |
| Total wages/salary | Rs m | 16,270 | 21,541 | 75.5% | |
| Avg. sales/employee | Rs Th | 0 | 0 | - | |
| Avg. wages/employee | Rs Th | 0 | 0 | - | |
| Avg. net profit/employee | Rs Th | 0 | 0 | - | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 448,704 | 377,886 | 118.7% | |
| Other income | Rs m | 14,765 | 8,668 | 170.3% | |
| Total revenues | Rs m | 463,469 | 386,554 | 119.9% | |
| Gross profit | Rs m | 89,887 | 48,988 | 183.5% | |
| Depreciation | Rs m | 3,648 | 5,990 | 60.9% | |
| Interest | Rs m | 604 | 764 | 79.0% | |
| Profit before tax | Rs m | 100,400 | 50,902 | 197.2% | |
| Minority Interest | Rs m | 0 | 0 | - | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Tax | Rs m | 23,318 | 13,480 | 173.0% | |
| Profit after tax | Rs m | 77,082 | 37,422 | 206.0% | |
| Gross profit margin | % | 20.0 | 13.0 | 154.5% | |
| Effective tax rate | % | 23.2 | 26.5 | 87.7% | |
| Net profit margin | % | 17.2 | 9.9 | 173.5% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 117,984 | 103,155 | 114.4% | |
| Current liabilities | Rs m | 90,912 | 70,484 | 129.0% | |
| Net working cap to sales | % | 6.0 | 8.6 | 69.8% | |
| Current ratio | x | 1.3 | 1.5 | 88.7% | |
| Inventory Days | Days | 242 | 142 | 170.2% | |
| Debtors Days | Days | 2 | 3 | 66.5% | |
| Net fixed assets | Rs m | 275,453 | 171,160 | 160.9% | |
| Share capital | Rs m | 2,792 | 400 | 698.3% | |
| "Free" reserves | Rs m | 285,806 | 176,133 | 162.3% | |
| Net worth | Rs m | 288,598 | 176,533 | 163.5% | |
| Long term debt | Rs m | 7,592 | 0 | - | |
| Total assets | Rs m | 393,437 | 274,315 | 143.4% | |
| Interest coverage | x | 167.3 | 67.7 | 247.3% | |
| Debt to equity ratio | x | 0 | 0 | - | |
| Sales to assets ratio | x | 1.1 | 1.4 | 82.8% | |
| Return on assets | % | 19.7 | 13.9 | 141.8% | |
| Return on equity | % | 26.7 | 21.2 | 126.0% | |
| Return on capital | % | 34.1 | 29.3 | 116.5% | |
| Exports to sales | % | 31.8 | 3.9 | 823.8% | |
| Imports to sales | % | 2.7 | 2.5 | 107.1% | |
| Exports (fob) | Rs m | 142,530 | 14,571 | 978.2% | |
| Imports (cif) | Rs m | 12,218 | 9,609 | 127.1% | |
| Fx inflow | Rs m | 142,530 | 14,571 | 978.2% | |
| Fx outflow | Rs m | 12,218 | 14,815 | 82.5% | |
| Net fx | Rs m | 130,312 | -244 | -53,384.7% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 65,582 | 49,231 | 133.2% | |
| From Investments | Rs m | -3,437 | -18,279 | 18.8% | |
| From Financial Activity | Rs m | -61,674 | -27,166 | 227.0% | |
| Net Cashflow | Rs m | 3,188 | 3,786 | 84.2% | |
Share Holding
| Indian Promoters | % | 54.8 | 34.8 | 157.7% | |
| Foreign collaborators | % | 0.2 | 0.0 | - | |
| Indian inst/Mut Fund | % | 23.1 | 56.5 | 40.8% | |
| FIIs | % | 14.3 | 29.6 | 48.4% | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 45.0 | 65.3 | 68.9% | |
| Shareholders | 269,698 | 761,259 | 35.4% | ||
| Pledged promoter(s) holding | % | 0.0 | 0.0 | - |
More on Bajaj Auto vs Hero Motocorp
No comparison is complete without understanding how the stock prices have performed over a period of time.
Here's a brief comparison:
Bajaj Auto vs Hero Motocorp Share Price Performance
| Period | Bajaj Auto | Hero Motocorp | S&P BSE AUTO |
|---|---|---|---|
| 1-Day | 0.33% | 0.95% | 1.41% |
| 1-Month | -9.09% | -8.88% | -7.82% |
| 1-Year | 68.93% | 42.55% | 37.99% |
| 3-Year CAGR | 40.47% | 21.96% | 27.17% |
| 5-Year CAGR | 24.71% | 14.11% | 23.95% |
* Compound Annual Growth Rate
Here are more details on the Bajaj Auto share price and the Hero Motocorp share price.
Moving on to shareholding structures...
The promoters of Bajaj Auto hold a 55.0% stake in the company. In case of Hero Motocorp the stake stands at 34.8%.
To review how promoter stakes have changed over time, and how much of the promoter stake is pledged, please see the shareholding pattern of Bajaj Auto and the shareholding pattern of Hero Motocorp.
Finally, a word on dividends...
In the most recent financial year, Bajaj Auto paid a dividend of Rs 80.0 per share. This amounted to a Dividend Payout ratio of 29.0%.
Hero Motocorp paid Rs 140.0, and its dividend payout ratio stood at 74.8%.
You may visit here to review the dividend history of Bajaj Auto, and the dividend history of Hero Motocorp.
For a sector overview, read our automobiles sector report.
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