DIVIDEND PAY

Announcement
Date
16-05-13
17-05-12
18-05-11
12-05-10
21-05-09
26-05-08

Effective
Date
04-07-13
05-07-12
29-06-11
08-07-10
02-07-09
27-06-08

Dividend Dividend
Type
(%)
Final
450.00
Final
450.00
Final
400.00
Final
400.00
Final
220.00
Final
200.00

Remarks
Rs.45.00
Rs.45.00
Rs.40.00
Rs.40.00
Rs.22.00
Rs.20.00

Bajaj Auto provides an annual dividend at the rate of around 400-450% every year. The company has
made it sure that a part of its profits are provided to its investors as dividend. The rate of dividend is in
an increasing trend. It increased from 200% in 2008 to 450% in 2013. This is particularly attractive for
the investors.
BONUS SHARE

Announcement Date
22-07-2010

Bonus Ratio
1:1

Record Date
10-09-2010

Ex-Bonus Date
08-09-2010

The company, Bajaj Auto has issued a bonus at 1:1 ratio in year 2010 which increased the number
shares to double the previous amount. This does have an impact in total number of shares and which in
turn affects the EPS as the number of shares have increased. But the investors would be satisfied
because the number of shares they have in their possession will double.
INCOME STATEMENT
Net Sales

Rs m

84,461

115,431

164,291

195,947

200,420

Other income

Rs m

4,907

5,510

5,790

6,066

7,971

Total revenues

Rs m

89,368

120,941

170,081

202,013

208,391

Gross profit

Rs m

6,933

20,535

31,816

37,651

37,301

Depreciation

Rs m

1,306

1,374

1,239

1,467

1,650

Interest

Rs m

219

68

24

228

12

Profit before tax

Rs m

10,315

24,603

36,343

42,021

43,610

Minority Interest

Rs m

Prior Period Items

Rs m

-21

-35

Extraordinary Inc (Exp)

Rs m

-2,051

-1,590

8,268

-1,372

-114

Tax

Rs m

2,889

7,035

10,063

10,197

12,172

Profit after tax

Rs m

5,359

15,946

34,549

30,454

31,327

Gross profit margin

8.2

17.8

19.4

19.2

18.6

Effective tax rate

28.0

28.6

27.7

24.3

27.9

Net profit margin

6.3

13.8

21.0

15.5

15.6

High

Rs

945

2,055

1,665

1,839

2,229

Low

Rs

307

591

994

1,260

1,423

Sales per share (Unadj.)

Rs

583.8

797.8

567.8

677.1

692.6

Earnings per share

(Unadj.)
Diluted earnings per share

Rs

37.0

110.2

119.4

105.2

108.3

Rs

18.5

55.1

119.4

105.2

108.3

Cash flow per share

(Unadj.)
Dividends per share
(Unadj.)
Adj. dividends per share

Rs

46.1

119.7

123.7

110.3

114.0

Rs

22.00

40.00

40.00

45.00

45.00

Rs

11.00

20.00

40.00

45.00

45.00

3.5

3.0

3.0

2.9

2.5

Rs

112.6

187.8

166.1

210.2

278.7

Rs

56.3

93.9

166.1

210.2

278.7

Dividend yield (eoy)

Book value per share
(Unadj.)
Adj. book value per share

Shares outstanding (eoy)

144.68

144.68

289.37

Price / Sales ratio

B1:1

1.1

1.7

2.3

2.3

2.6

Avg P/E ratio

16.9

12.0

11.1

14.7

16.9

P/CF ratio (eoy)

Price / Book Value ratio

13.6

11.1

10.7

14.0

16.0

5.6

7.0

8.0

7.4

6.6

59.4

36.3

33.5

42.8

41.6

Rs m

90,570

191,412

384,717

448,379

528,390

Bonus/Rights/Conversions

Dividend payout
Avg Mkt Cap

FINANCIALS

289.37

289.37