Bajaj Electricals Ltd

Bajaj Electrical Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bajaj Electricals Ltd

₹ 657 -1.73%
21 May 12:21 p.m.
bajajelectricals.com BSE: 500031 NSE: BAJAJELEC
About

Bajaj Electricals Limited is a part of the Bajaj Group of companies and is a leading FMEG company spread across Consumer Products - Appliances, Fans, Lighting, Exports, and EPC - Illumination, Transmission Towers and Power Distribution. It also has its presence in premium home appliances and cookware segments with brands like Morphy Richards and Nirlep.[1]

Key Points

Business Profile[1]
Bajaj Electricals Limited operates in the Consumer Products (CP) and Lighting Solutions (LS) segments. The company specializes in home appliances, kitchen appliances, fans, lighting solutions, and professional lighting services. It is in top 2-3 players in the other appliances and in top 5 in fans and lighting categories

Website BSE NSE
  • Market Cap ₹ 7,583 Cr.
  • Current Price ₹ 657
  • High / Low ₹ 1,120 / 488
  • Stock P/E 64.1
  • Book Value ₹ 135
  • Dividend Yield 0.46 %
  • ROCE 12.6 %
  • ROE 7.89 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 24.5%

Cons

  • Stock is trading at 4.86 times its book value
  • The company has delivered a poor sales growth of -0.60% over past five years.
  • Company has a low return on equity of 9.20% over last 3 years.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Consumer Durables Industry: Domestic Appliances

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,327 1,124 1,220 1,308 1,292 1,112 1,113 1,228 1,188 1,155 1,118 1,290 1,265
1,264 1,051 1,127 1,204 1,197 1,043 1,038 1,171 1,138 1,080 1,067 1,202 1,172
Operating Profit 63 73 94 104 95 69 75 58 50 75 52 87 93
OPM % 5% 6% 8% 8% 7% 6% 7% 5% 4% 7% 5% 7% 7%
19 9 20 12 20 23 6 43 22 11 15 13 38
Interest 10 7 10 15 12 12 14 20 18 16 17 19 18
Depreciation 16 15 18 16 22 21 27 30 30 32 35 36 41
Profit before tax 56 60 86 86 80 59 41 50 24 38 15 45 71
Tax % 24% 26% 26% 26% 35% 27% 33% 26% -20% 27% 12% 27% 17%
42 44 64 63 52 43 27 37 29 28 13 33 59
EPS in Rs 3.66 3.87 5.56 5.52 4.52 3.76 2.37 3.25 2.54 2.44 1.12 2.89 5.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4,002 4,232 4,590 4,254 4,697 6,656 4,975 4,572 4,786 4,889 4,639 4,828
3,920 4,143 4,326 4,011 4,403 6,308 4,768 4,271 4,535 4,515 4,379 4,521
Operating Profit 82 88 264 243 293 348 207 302 251 375 260 307
OPM % 2% 2% 6% 6% 6% 5% 4% 7% 5% 8% 6% 6%
15 24 48 36 -36 65 53 84 59 46 82 76
Interest 78 104 108 80 59 116 169 76 69 44 63 70
Depreciation 25 29 27 30 34 38 68 69 63 74 110 144
Profit before tax -6 -21 177 168 164 259 22 241 179 303 169 170
Tax % -11% -33% 38% 36% 49% 36% 101% 24% 23% 29% 22% 21%
-5 -14 110 108 84 167 -0 184 137 216 132 133
EPS in Rs -0.48 -1.25 9.85 9.57 7.39 14.69 -0.01 16.04 11.91 18.80 11.44 11.57
Dividend Payout % -282% -108% 26% 26% 43% 21% 0% 0% 25% 21% 26% 26%
Compounded Sales Growth
10 Years: 1%
5 Years: -1%
3 Years: 0%
TTM: 4%
Compounded Profit Growth
10 Years: 26%
5 Years: 291%
3 Years: -5%
TTM: -9%
Stock Price CAGR
10 Years: 11%
5 Years: 15%
3 Years: -9%
1 Year: -29%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 9%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 20 20 20 20 20 20 23 23 23 23 23 23
Reserves 690 667 736 851 924 1,057 1,357 1,582 1,722 1,884 1,418 1,536
348 408 899 647 723 1,582 1,079 541 82 101 215 243
1,627 1,727 1,305 1,569 1,805 2,500 2,100 2,105 2,175 2,985 2,177 2,251
Total Liabilities 2,685 2,822 2,960 3,087 3,473 5,160 4,559 4,250 4,002 4,993 3,833 4,053
249 278 276 310 316 322 404 461 685 770 916 954
CWIP 3 3 21 8 6 9 11 18 43 42 63 9
Investments 67 59 80 80 14 51 53 38 49 47 35 67
2,366 2,482 2,583 2,688 3,136 4,778 4,091 3,734 3,225 4,134 2,819 3,023
Total Assets 2,685 2,822 2,960 3,087 3,473 5,160 4,559 4,250 4,002 4,993 3,833 4,053

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-7 121 305 437 -103 -602 627 660 936 449 354 347
-76 -83 -53 -90 36 -127 -46 -110 -331 -88 -449 -195
87 -56 -239 -368 64 718 -491 -605 -533 -139 -133 -146
Net Cash Flow 4 -19 13 -22 -3 -11 90 -56 72 223 -227 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 113 111 112 115 136 144 150 121 87 83 92 97
Inventory Days 57 58 60 76 68 64 76 118 109 106 85 79
Days Payable 152 142 66 84 100 85 99 115 136 195 206 212
Cash Conversion Cycle 17 27 106 107 104 123 127 124 59 -6 -30 -35
Working Capital Days 20 19 60 41 71 85 69 67 29 42 15 44
ROCE % 7% 8% 21% 16% 20% 17% 7% 12% 13% 18% 13% 13%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
62.96% 62.91% 62.89% 62.86% 62.85% 62.85% 62.85% 62.80% 62.78% 62.76% 62.72% 62.72%
10.51% 10.81% 11.26% 11.22% 10.92% 10.49% 10.41% 10.18% 7.93% 8.23% 7.82% 7.79%
12.41% 12.30% 12.23% 12.39% 11.96% 12.06% 12.11% 12.61% 14.75% 15.59% 15.91% 15.79%
14.12% 13.98% 13.62% 13.51% 14.26% 14.60% 14.62% 14.41% 14.53% 13.41% 13.54% 13.70%
No. of Shareholders 72,57370,31966,01863,05960,38963,10165,60063,09459,46061,77465,27968,263

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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