Sep 7, 2000|
Bajaj Auto: Motorcycles keep up volumes
Bajaj Auto Ltd (BAL) has reported a 6% YoY increase in total volumes for the period from April-August 2000. For April-August 2000 the company has sold 5,36,000 units as compared to 5,06,000 units sold in the same period of the previous year.
Overall volumes for the month of August 2000 at 114,000 units were flat as compared to the previous year. However when compared to July 2000 figures, this is a better performance as the volumes showed a decline of 1.2% in July 2000. On a month on month basis the growth is a robust 15% over July 2000.
On the motorcycle front the company sold a record 40,000 Japanese motorcycles during the month. This was an increase of 22% on July 2000 figure of 32,696.
As BAL has released the flash report for August 2000, the detailed breakup is not yet available. However as has happened in the past months, motorcycles continue to drive BAL's volumes.
||% change YoY
As margins in the motorcycle and scooterette segment are lower than traditional scooters and in future a large chunk of the sales mix will be contributed by these two segments, this will result in a pressure on the company's margins in FY01.
The company is stepping up its production capacity for motorcycles. On the negative side BAL is still sitting on a huge surplus of funds. Of its total balance sheet, cash, investments and loans and advances at Rs 38 billion account for 70%. The company has decided to use a portion of its surplus funds for buy back of shares. It could further use its surplus funds by increasing dividend payouts, and increasing its spends on research and development.
On the current price of Rs 360 , BAL is trading at 7.0x on its FY2000 EPS of Rs 51.4.
More Views on News
Aug 14, 2017
Tata Motors Ltd disappoints again for both India and JLR business. Management commentary indicates a slow year ahead.
Aug 2, 2017
GST realted cost impacts Margins, Management expects good year ahead.
Aug 1, 2017
Good Recovery in the Scooters market, expects pick up in exports too.
Aug 1, 2017
New Export Markets picking up, Management expects good recovery in domestic Three wheeler market.
Jul 6, 2017
Ends the year on a Flat note. Expects good recovery in the exports market.
More Views on News
Aug 7, 2017
The data tells us quite a different story from the one the government is trying to project.
Aug 10, 2017
Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.
Aug 8, 2017
Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...
Aug 12, 2017
The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.
Aug 7, 2017
Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...
Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement. LEGAL DISCLAIMER:
Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here
. The performance data quoted represents past performance and does not guarantee future results.SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: firstname.lastname@example.org. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
TRACK BAJAJ HOLDINGS & INVSTMENT
- Track your investment in BAJAJ HOLDINGS & INVSTMENT with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
- Add To MyStocks