Bajaj Electricals Ltd

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

Bajaj Electricals Ltd

₹ 615 3.21%
07 Aug - close price
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 ₹ 7,093 Cr.
  • Current Price ₹ 615
  • High / Low ₹ 1,038 / 488
  • Stock P/E 74.3
  • Book Value ₹ 150
  • Dividend Yield 0.49 %
  • ROCE 11.6 %
  • ROE 7.12 %
  • 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 4.11 times its book value
  • The company has delivered a poor sales growth of -0.65% over past five years.
  • Company has a low return on equity of 8.93% over last 3 years.
  • Earnings include an other income of Rs.89.2 Cr.
  • 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

Consumer Discretionary Consumer Durables Consumer Durables Household Appliances

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
1,129.19 1,225.54 1,309.48 1,291.97 1,112.13 1,112.82 1,228.24 1,188.08 1,154.91 1,118.33 1,289.72 1,265.47 1,064.59
1,055.87 1,129.91 1,203.96 1,197.35 1,044.54 1,037.53 1,170.60 1,138.34 1,079.50 1,066.72 1,202.30 1,172.46 1,031.98
Operating Profit 73.32 95.63 105.52 94.62 67.59 75.29 57.64 49.74 75.41 51.61 87.42 93.01 32.61
OPM % 6.49% 7.80% 8.06% 7.32% 6.08% 6.77% 4.69% 4.19% 6.53% 4.61% 6.78% 7.35% 3.06%
7.46 17.97 10.38 19.62 19.51 6.40 42.73 22.46 10.62 15.19 12.79 37.55 23.66
Interest 7.18 9.95 15.07 11.96 11.51 14.06 20.35 17.56 15.78 17.29 18.71 18.07 17.58
Depreciation 16.64 19.36 17.41 22.38 22.97 26.88 29.54 30.19 31.96 34.79 36.08 41.24 37.17
Profit before tax 56.96 84.29 83.42 79.90 52.62 40.75 50.48 24.45 38.29 14.72 45.42 71.25 1.52
Tax % 27.69% 26.44% 26.73% 34.94% 29.44% 33.06% 25.99% -19.88% 26.59% 12.36% 26.55% 17.12% 40.13%
41.19 62.00 61.12 51.98 37.13 27.28 37.36 29.31 28.11 12.90 33.36 59.05 0.91
EPS in Rs 3.74 5.24 5.31 4.52 3.23 2.37 3.25 2.54 2.44 1.12 2.89 5.12 0.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
4,590 4,254 4,697 6,662 4,985 4,584 4,811 4,889 4,639 4,826 4,738
4,326 4,011 4,414 6,325 4,780 4,281 4,560 4,515 4,379 4,519 4,473
Operating Profit 264 243 283 338 205 303 250 375 260 307 265
OPM % 6% 6% 6% 5% 4% 7% 5% 8% 6% 6% 6%
46 30 -26 65 46 95 55 46 82 76 89
Interest 108 80 59 118 171 76 70 44 63 70 72
Depreciation 27 30 34 44 74 75 69 74 110 144 149
Profit before tax 174 163 164 241 7 246 166 303 168 170 133
Tax % 38% 37% 49% 36% 244% 23% 25% 29% 22% 21%
108 102 84 154 -10 189 124 216 131 133 106
EPS in Rs 9.62 9.08 7.39 13.76 -0.82 16.64 11.19 18.78 11.38 11.57 9.21
Dividend Payout % 26% 28% 43% 23% -0% -0% 27% 21% 26% 26%
Compounded Sales Growth
10 Years: %
5 Years: -1%
3 Years: 0%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 71%
3 Years: -4%
TTM: -25%
Stock Price CAGR
10 Years: 10%
5 Years: 9%
3 Years: -17%
1 Year: -36%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 9%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 23 23 23 23 23 23
Reserves 734 843 916 1,035 1,326 1,555 1,709 1,884 1,418 1,702
899 647 723 1,590 1,084 548 91 101 215 243
1,305 1,569 1,806 2,533 2,135 2,142 2,169 2,985 2,177 2,251
Total Liabilities 2,957 3,078 3,466 5,179 4,567 4,268 3,992 4,993 3,833 4,219
276 310 316 393 469 531 754 770 916 950
CWIP 21 8 6 9 11 18 44 42 63 13
Investments 77 72 8 11 13 5 5 47 35 233
2,583 2,688 3,136 4,766 4,075 3,714 3,189 4,134 2,819 3,023
Total Assets 2,957 3,078 3,466 5,179 4,567 4,268 3,992 4,993 3,833 4,219

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
305 437 -103 -621 626 658 914 449 354 347
-53 -90 36 -103 -41 -110 -70 -88 -449 -195
-239 -368 64 713 -495 -604 -771 -139 -133 -146
Net Cash Flow 13 -22 -3 -11 90 -56 73 223 -227 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 112 115 136 144 150 120 86 83 92 97
Inventory Days 60 76 68 64 77 120 111 106 85 79
Days Payable 66 84 100 85 100 117 137 195 206 212
Cash Conversion Cycle 106 107 104 123 127 124 60 -6 -30 -35
Working Capital Days 2 -4 16 9 17 29 24 39 12 35
ROCE % 15% 19% 17% 7% 12% 12% 18% 13% 12%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
62.91% 62.89% 62.86% 62.85% 62.85% 62.85% 62.80% 62.78% 62.76% 62.72% 62.72% 62.72%
10.81% 11.26% 11.22% 10.92% 10.49% 10.41% 10.18% 7.93% 8.23% 7.82% 7.79% 7.89%
12.30% 12.23% 12.39% 11.96% 12.06% 12.11% 12.61% 14.75% 15.59% 15.91% 15.79% 15.57%
13.98% 13.62% 13.51% 14.26% 14.60% 14.62% 14.41% 14.53% 13.41% 13.54% 13.70% 13.83%
No. of Shareholders 70,31966,01863,05960,38963,10165,60063,09459,46061,77465,27968,26368,573

* 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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