Bajaj Auto Sets June 24 Record Date for ₹5,632 Crore Mega Buyback
Two-wheeler giant Bajaj Auto has officially set June 24 as the record date to determine shareholder eligibility for its largest-ever share buyback. This massive capital allocation move aims to repurchase shares at a significant premium, signaling strong confidence in the company's long-term financial trajectory.
Details of the ₹5,632 Crore Buyback Program
In a recent exchange filing, Bajaj Auto confirmed that the buyback will be conducted through the tender route. The company intends to repurchase up to 46.94 lakh shares, which represents approximately 1.68% of its total paid-up share capital.
The buyback price has been set at ₹12,000 per share. This offers investors a premium of nearly 19.5% over the stock's previous closing price. This mega-buyback follows a previous ₹4,000 crore buyback conducted in 2024, where shares were repurchased at ₹10,000 each, highlighting the company's consistent strategy of returning surplus cash to shareholders.
Robust Financial Performance Driving Capital Returns
The decision to initiate such a large-scale buyback is backed by exceptional quarterly earnings. For the fourth quarter of FY26, Bajaj Auto reported its highest-ever quarterly profit of ₹2,746 crore, marking a substantial 34% jump from the ₹2,049 crore recorded in the same period last year.
Key financial metrics from the March quarter include:
- Revenue from Operations: Increased 32% YoY to ₹16,006 crore.
- EBITDA: Rose 36% YoY to ₹3,323 crore.
- EBITDA Margin: Expanded by 60 basis points to reach 20.8%.
In addition to the buyback, the company has rewarded shareholders with a dividend of ₹150 per share (1,500% of the ₹10 face value) for the financial year ended March 31, 2026. The dividend is expected to be paid on or around July 24, 2026.
Shareholding Pattern and Market Position
As of March 31, 2026, Bajaj Auto maintains a strong institutional and promoter presence. The promoter group holds a 55% stake, while domestic institutions (banks, mutual funds, and insurance companies) hold 14.5%. Foreign investors account for nearly 10%, with the remaining 21% held by the general public and other corporates.
市場は同社の長期的な価値提案を好意的に受け止めています。株価は先月1%のわずかな下落を見せたものの、過去1年間では19%上昇しました。長期投資家にとって、そのパフォーマンスはさらに際立っており、3年間で117%、5年間で142%のリターンを達成しています。現在、Bajaj Autoは2.82兆ルピー（₹2.82 lakh crore）を超える巨大な時価総額を誇っています。
主なポイント
- 基準日および価格： 自社株買いの権利確定日は6月24日で、公開買付け（テンダー・ルート）を通じて1株あたり12,000ルピーで買い戻されます。
- 大規模な規模： これはBajaj Autoにとって過去最大規模の自社株買いであり、総額563.2億ルピー、対象株式数は469.4万株にのぼります。
- 強固なファンダメンタルズ： この動きは、274.6億ルピーという記録的な2026年度第4四半期の利益と、前年同期比32%という大幅な増収に支えられています。