In Week of Mar 28, 2026, Bajaj Auto Ltd (Auto - 2 & 3 Wheelers) is outperforming Nifty 500 with +9.8% relative strength. Fundamentals: Strong. On a 7-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: Electric vehicle portfolio scaling rapidly with 40% YoY growth contributing to revenue mix improvement
“A key contributor to revenue mix improvement was the electric vehicle portfolio which continued to scale rapidly during the quarter, growing nearly 40% over the [previous period].”
What: Regained nearly 500 basis points of market share returning to leadership cluster
“We regained nearly 500 basis points of market share during the quarter and made a return back to the leadership cluster.”
What: Currency remained a tailwind contributing to revenue growth
“Before I get into the numbers, a quick word on the operating environment. currency remained a tailwind during this [quarter].”
Earnings deceleration risks from management commentary
Trigger: Continued commodity cost pressures
Management view: During the quarter, we took a few commercial actions to drive market competitiveness and address in addition to addressing commodity cost pressures.
Monitor: OPM trajectory
Trigger: Geopolitical or economic disruptions
Management view: I always say this with a little bit of uh caution because you know um disruption in the emerging markets and dislocations.
Monitor: Export volumes
Key quotes from recent conference calls
“A key contributor to revenue mix improvement was the electric vehicle portfolio which continued to scale rapidly during the quarter, growing nearly 40% over the [previous period]. — Management”
“We regained nearly 500 basis points of market share during the quarter and made a return back to the leadership cluster. The scaleup was also supported by distribution network that expanded to nearly 450 [dealers]. — Management”
“Before I get into the numbers, a quick word on the operating environment. currency remained a tailwind during this [quarter]. — Management”
“These operating tailwinds more than offset the combined effects of cost inflation, competitive actions that we've taken uh and the adverse margin mix, enabling us to deliver sequential margin expansion while continuing to invest behind growth. — Management”
Forward-looking targets from management for Q4 FY26
Key Milestones
• 200,000+ unit performance in Q4 FY26
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +23% | +15% | Accelerating |
| PAT (Net Profit) | +25% | +6% | Inflection Up |
| OPM | 23.0% | +200 bps | Expanding |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Bajaj Auto Ltd's latest quarterly results (Dec 2025) show
Bajaj Auto Ltd's profit is growing with an turning around (inflection up) trend.
Bajaj Auto Ltd's revenue growth trend is accelerating.
Bajaj Auto Ltd's operating margin is expanding.
Bajaj Auto Ltd's long-term compounding rates
Bajaj Auto Ltd's earnings growth is turning around (inflection up) with mixed signals on a sequential basis.
Bajaj Auto Ltd's trailing twelve month (TTM) performance
Bajaj Auto Ltd appears significantly undervalued based on our fair value analysis.
Bajaj Auto Ltd's current PE ratio is 27.8x.
Bajaj Auto Ltd's current PE is 27.8x.
Bajaj Auto Ltd's price-to-book ratio is 7.3x.
Bajaj Auto Ltd is rated Strong with a fundamental score of 60.36/100. This score is calculated from objective financial metrics
Bajaj Auto Ltd has a debt-to-equity ratio of N/A.
Bajaj Auto Ltd's return ratios over recent years
Bajaj Auto Ltd's operating cash flow is negative (FY2025).
Bajaj Auto Ltd's current dividend yield is 2.36%.
Bajaj Auto Ltd's shareholding pattern (Dec 2025)
Bajaj Auto Ltd's promoter holding has decreased recently.
Bajaj Auto Ltd has been outperforming Nifty 500 for 7 consecutive weeks, indicating building momentum.
Bajaj Auto Ltd is a re-entry — it briefly dropped off the outperformance list but has now returned. Re-entries can signal renewed strength.
Bajaj Auto Ltd has 3 key growth catalysts identified from recent earnings analysis
Bajaj Auto Ltd has 2 key risks worth monitoring
In Q3 FY26, Bajaj Auto Ltd's management highlighted
Bajaj Auto Ltd's management has provided the following forward guidance for Q4 FY26
Based on quantitative research signals, here is why Bajaj Auto Ltd may be worth studying
Bajaj Auto Ltd investment thesis summary:
Bajaj Auto Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
