Sharekhan's research report on Bajaj Auto
This was the consecutive fourth quarter when BAL reported EBITDA margin above 19%. The company is planning to expand its electric two-wheeler product portfolio soon. Electric three-wheelers are receiving healthy response in the market. The stock is currently trading at a P/E multiple of 16.7x and EV/EBITDA multiple of 11.3x its FY2026 estimates..
Outlook
We maintain our BUY rating on Bajaj Auto Limited (BAL) with a revised target price of Rs. 6,144 on its superior profitability, play on premiumization, and expectation of gradual recovery in exports.
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