Bajaj Auto Previous Years »

Key Financial Ratios ------------------- in Rs. Cr. -------------------

Mar '18 Mar '17 Mar '16

Investment Valuation Ratios
Face Value 10 10 10
Dividend Per Share 60 55 55
Operating Profit Per Share (Rs) 165.31 152.83 165.26
Net Operating Profit Per Share (Rs) 869.65 752.22 780.55
Free Reserves Per Share (Rs) -- -- --
Bonus in Equity Capital 89.45 89.45 89.45
Profitability Ratios
Operating Profit Margin(%) 19 20.31 21.17
Profit Before Interest And Tax Margin(%) 16.85 17.9 18.91
Gross Profit Margin(%) 17.75 18.9 19.81
Cash Profit Margin(%) 16.65 17.98 17.9
Adjusted Cash Margin(%) 16.65 17.98 17.9
Net Profit Margin(%) 16.16 17.58 17.39
Adjusted Net Profit Margin(%) 15.34 16.64 16.6
Return On Capital Employed(%) 30.44 31.33 41.82
Return On Net Worth(%) 21.29 22.46 29.62
Adjusted Return on Net Worth(%) 21.46 22.46 29.62
Return on Assets Excluding Revaluations 660.19 588.67 458.47
Return on Assets Including Revaluations 660.19 588.67 458.47
Return on Long Term Funds(%) 30.44 31.33 41.82
Liquidity And Solvency Ratios
Current Ratio 0.91 1.07 1.27
Quick Ratio 0.75 0.88 1.05
Debt Equity Ratio -- -- --
Long Term Debt Equity Ratio -- -- --
Debt Coverage Ratios
Interest Cover 4,439.60 3,812.16 5,284.16
Total Debt to Owners Fund -- -- --
Financial Charges Coverage Ratio 4,679.91 4,031.66 5,576.70
Financial Charges Coverage Ratio Post Tax 3,346.73 2,954.46 4,036.08
Management Efficiency Ratios
Inventory Turnover Ratio 34.42 31.7 33.21
Debtors Turnover Ratio 20.58 26.05 31.48
Investments Turnover Ratio 34.42 31.7 33.21
Fixed Assets Turnover Ratio 5.66 4.95 5.25
Total Assets Turnover Ratio 1.32 1.28 1.71
Asset Turnover Ratio 1.39 1.44 1.88

Average Raw Material Holding -- -- --

Average Finished Goods Held -- -- --
Number of Days In Working Capital -19.45 -24.38 -11.02
Profit & Loss Account Ratios
Material Cost Composition 70.68 69.03 68.33
Imported Composition of Raw Materials Consumed -- -- --
Selling Distribution Cost Composition 1.73 1.81 1.92
Expenses as Composition of Total Sales 36.88 33.7 41.63
Cash Flow Indicator Ratios
Dividend Payout Ratio Net Profit 39.12 3.77 73.63
Dividend Payout Ratio Cash Profit 36.31 3.49 68.29
Earning Retention Ratio 61.19 96.23 26.37
Cash Earning Retention Ratio 63.96 96.51 31.71
AdjustedCash Flow Times -- -- --

Source : Dion Global Solutions Limited

Rs. Cr. -------------------

Mar '15 Mar '14

10 10
50 50
142.26 141.89
746.87 696.33
-- --
89.45 89.45

19.04 20.37
17.34 18.82
17.81 19.48
15.41 16.41
15.41 16.41
13.01 16.09
12.67 15.55
41.01 47.92
26.31 33.75
29.49 33.75
369.5 332.04
369.5 332.04
41.01 47.92

0.89 0.8
0.72 0.67
0.01 0.01
0.01 0.01

682.83 9,454.16
0.01 0.01
724.03 9,820.71
475.75 6,986.57

27.66 33.08
28.57 25.77
 27.66 33.08
5.27 4.94
2 2.08
2.11 2.28

-- --
-- --
-12.26 -23.69

71.03 70.91
4.27 4.25
-- --
43.69 39.52

51.42 44.6
46.95 42.26
54.13 55.4
57.72 57.74
0.03 0.02
DUPONT ANALYSIS OF BAJAJ AUTO LTD
Mar '18 Mar '17 Mar '16 Mar '15
Adjusted Net 15.34% 16.64% 16.60% 12.67%
Asset Turnov 1.39 1.44 1.88 2.11
FINANCIAL 1.25 1.22 1.24 1.46

ROE 0.266 0.293 0.388 0.389

Weights Particulars Mar '18 Mar '17 Mar '16

1.2 Working capital/ Total Assets 0.2151 0.2968 0.1179

1.4 Retained Earnings/ Total Assets 0.5080 0.4623 0.3603
3.3 EBIT/ Total Assets 0.2441 0.2563 0.3365
0.6 Market value of Equity/ Total Assets 0.1176 0.1422 0.1587
1 Sales/ Total Assets 1.0537 1.0903 1.4223

Altman's Score 2.899 3.025 3.274

Mar '14
15.55%
2.28
1.53

0.544

Mar '15 Mar '14

0.3245 0.0601
0.3152 0.2399
0.2843 0.3141
0.1499 0.1534
1.4145 1.4055

3.273 2.942
Total Assets 23,819.49 20,814.89 16,486.50 15,562.32 14,747.60

2018 2017 2016 2015 2014

Total Current
4,111.29 3,212.58 2,780.99 4,476.79 4,730.24
Liabilities

Total Current Assets 9,235.63 9,391.37 4,725.25 9,526.27 5,616.63

working capital 5,124.34 6,178.79 1,944.26 5,049.48 886.39

Equity Share Dividend 1,591.52 144.68 2,893.68 1,446.84 1,446.84

Profit/Loss Before
Exceptional,
5,814.57 5,335.63 5,547.32 4,425.08 4,632.05
ExtraOrdinary Items
And Tax

Revenue From
25,098.64 22,694.87 23,448.39 22,013.21 20,727.04
Operations [Gross]
Market value 2801.356 2960.383 2617 2333.354 2262.64
5,814.57 5,335.63 5,547.32 4,425.08 4,632.05
0.117608 0.142224 0.158736 0.149936 0.153424
1.053702 1.090319 1.422278 1.41452 1.405452

0.24411 0.256337 0.336477 0.284346 0.314088

Profit & ---------------
Loss ---- in Rs.
account Cr.
of Bajaj ---------------
Auto ----
Mar 18 Mar-17 Mar-16 Mar-15 Mar-14

12 mths 12 mths 12 mths 12 mths 12 mths

INCOME
Revenue
From
25,098.64 22,694.87 23,448.39 22,013.21 20,727.04 20,617.87
Operation
s [Gross]

Less:
Excise/Sev
ice 398.34 1,321.35 1,296.68 909.28 1,009.40 1,128.91
Tax/Other
Levies

Revenue
From
24,700.30 21,373.52 22,151.71 21,103.93 19,717.64 19,488.96
Operation
s [Net]
Other
Operating 464.62 393.16 434.81 508.08 431.87 508.29
Revenues
Total
Operating 25,164.92 21,766.68 22,586.52 21,612.01 20,149.51 19,997.25
Revenues
Other
1,347.25 1,221.97 1,073.59 582.42 706.41 795.49
Income
Total
26,512.17 22,988.65 23,660.11 22,194.43 20,855.92 20,792.74
Revenue
EXPENSES

Cost Of
Materials 15,999.16 13,285.36 13,717.01 13,752.79 12,936.47 13,523.74
Consumed

Purchase
Of Stock-In 1,401.25 1,382.47 1,276.40 1,154.57 959.1 858.83
Trade

Changes
In
Inventories
9.68 -43.68 63.45 -57.56 -18.9 0
Of FG,WIP
And Stock-
In Trade

Employee
Benefit 1,069.09 997.07 917.12 897.3 726.58 24
Expenses
Finance
1.31 1.4 1.05 6.49 0.49 639.48
Costs
Depreciati
on And
Amortisatio 314.8 307.29 307.16 267.4 179.61 0.54
n
Expenses
Other
1,926.38 1,745.38 1,847.62 1,808.41 1,505.42 163.97
Expenses
Less:
Amounts
Transfer To 24.07 22.27 17.02 60.05 64.9 1,378.80
Capital
Accounts
Total
20,697.60 17,653.02 18,112.79 17,769.35 16,223.87 62.85
Expenses
Mar-18 Mar-17 Mar-16 Mar-15 Mar-14 16,526.51

12 mths 12 mths 12 mths 12 mths 12 mths

Profit/Los
s Before
Exception
al, 5,814.57 5,335.63 5,547.32 4,425.08 4,632.05 4,266.23
ExtraOrdi
nary Items
And Tax

Exceptiona
-32 0 0 -340.29 0 0
l Items

Profit/Los
s Before 5,782.57 5,335.63 5,547.32 4,084.79 4,632.05 4,266.23
Tax
Tax Expenses-
Continued
Operations
Current
1,646.36 1,455.92 1,641.42 1,258.00 1,362.02
Tax
Deferred
68.11 50.41 -23.77 13.05 28.08
Tax
Tax For
Earlier 0 1.74 0 0 -1.37
Years

Total Tax
1,714.47 1,508.07 1,617.65 1,271.05 1,388.73
Expenses

Profit/Los
s After
Tax And
4,068.10 3,827.56 3,929.67 2,813.74 3,243.32
Before
ExtraOrdi
nary Items
Profit/Los
s From
Continuin
4,068.10 3,827.56 3,929.67 2,813.74 3,243.32
g
Operation
s

Profit/Los
s For The 4,068.10 3,827.56 3,929.67 2,813.74 3,243.32
Period

Mar-18 Mar-17 Mar-16 Mar-15 Mar-14

12 mths 12 mths 12 mths 12 mths 12 mths

OTHER ADDITIONAL
INFORMATION
EARNINGS PER
SHARE
Basic EPS
140.6 132.3 135.8 97 112
(Rs.)
Diluted
140.6 132.3 135.8 97 112
EPS (Rs.)
VALUE OF
IMPORTED AND
INDIGENIOUS RAW
MATERIALS
Imported
Raw 0 0 0 588.04 550.61
Materials
Indigenous
Raw 0 0 0 13,164.75 12,385.86
Materials

STORES, SPARES
AND LOOSE TOOLS

Imported
Stores And 0 0 0 18.26 16.72
Spares

Indigenous
Stores And 0 0 0 1,085.34 930.56
Spares

DIVIDEND AND
DIVIDEND
PERCENTAGE
Equity
Share 1,591.52 144.68 2,893.68 1,446.84 1,466.84
Dividend

Tax On
296.5 29.45 582.27 287.73 245.89
Dividend

Equity
Dividend 600 550 550 500 500
Rate (%)

Mar-18 Mar-17 Mar-16 Mar-15 Mar-14

Source : Dion Global Solutions Limited

2018
beginning balance 9,623.67
profit loss 4,068.10
dividends 1,591.52

Retained Earnings 12,100.25

19,827.03 16,830.23 12,420.95 9,310.24

946.76 933.41 607.7 610.07

18,880.27 15,896.82 11,813.25 8,700.17

648.71 501.41 0 0

19,528.98 16,398.23 11,813.25 8,700.17

608.04 576.51 200.92 200.58

20,137.02 16,974.74 12,014.17 8,900.75

13,445.54 11,311.89 7,837.65 6,188.63

751.15 568.41 419.81 374.36

0 0 57.54 57.08

-94.15 -82.79 -47.6 24.49

540.11 493.58 595.06 549.97

 22.24 1.69 5.98 21.01

145.62 122.84 136.45 129.79

1,215.77 952.58 647.72 596.23

49.43 16.66 0 0

15,976.85 13,351.54 9,652.61 7,941.56

Mar-13 Mar-12 Mar-11 Mar-10 Mar-09

12 mths 12 mths 12 mths 12 mths 12 mths

Profit/Los
s Before
Exception
al, 4,266.23 4,160.17 3,623.20 2,361.56 959.19
ExtraOrdi
nary Items
And Tax

Exceptiona
0 -134 724.55 0 0
l Items
Profit/Los
s Before 4,266.23 4,026.17 4,347.75 2,361.56 959.19
Tax
Tax Expenses-
Continued
Operations
Current
1,156.00 1,003.39 980 710 298
Tax

Deferred
66.66 18.73 28.02 -2.5 -6.79
Tax

Other
Direct 0 0 0 2.62 10.4
Taxes

Total Tax
1,222.66 1,022.12 1,008.02 710.12 301.61
Expenses
Profit/Los
s After
Tax And
3,043.57 3,004.05 3,339.73 1,651.44 657.58
Before
ExtraOrdi
nary Items

Prior
Period 0 0 0 26.87 18.72
Items
Extraordin
0 0 0 21.8 -21.8
ary Items

Profit/Los
s From
Continuin
3,043.57 3,004.05 3,339.73 1,700.11 654.5
g
Operation
s

Profit/Los
s For The 3,043.57 3,004.05 3,339.73 1,700.11 654.5
Period
Mar-13 Mar-12 Mar-11 Mar-10 Mar-09

12 mths 12 mths 12 mths 12 mths 12 mths

OTHER ADDITIONAL
INFORMATION

EARNINGS PER
SHARE

Basic EPS
105.2 103.8 115.4 117.51 45.24
(Rs.)

Diluted
105.2 103.8 115.4 117.51 45.24
EPS (Rs.)
VALUE OF
IMPORTED AND
INDIGENIOUS RAW
MATERIALS
Imported
Raw 628.53 592.1 459.6 277.09 142.66
Materials

Indigenous
Raw 12,895.22 12,853.44 10,852.29 7,423.02 5,924.61
Materials

STORES, SPARES
AND LOOSE TOOLS
 Imported
Stores And 11.73 11.41 8.17 0.17 2.25
Spares

Indigenous
Stores And 844.9 689.5 543.24 21.14 23.15
Spares

DIVIDEND AND
DIVIDEND
PERCENTAGE
Equity
Share 1,302.15 1,302.15 1,157.47 578.73 318.3
Dividend
Tax On
221.3 211.24 187.77 96.12 54.1
Dividend
Equity
Dividend 450 450 400 400 220
Rate (%)

2017 2016 2015 2014 2013

5,940.79 4,904.80 3,537.90 1741.42
3,827.56 3,929.67 2,813.74 3,243.32
144.68 2,893.68 1,446.84 1,446.84

9,623.67 5,940.79 4,904.80 3,537.90