Bajaj Electricals Ltd

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

Bajaj Electricals Ltd

₹ 662 -0.85%
21 May - 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 ₹ 7,625 Cr.
  • Current Price ₹ 662
  • High / Low ₹ 1,120 / 488
  • Stock P/E 64.5
  • Book Value ₹ 150
  • Dividend Yield 0.45 %
  • ROCE 12.0 %
  • ROE 7.47 %
  • 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 4.44 times its book value
  • The company has delivered a poor sales growth of -0.64% over past five years.
  • Company has a low return on equity of 9.04% 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,334 1,129 1,226 1,309 1,292 1,112 1,113 1,228 1,188 1,155 1,118 1,290 1,265
1,271 1,056 1,130 1,204 1,197 1,045 1,038 1,171 1,138 1,080 1,067 1,202 1,172
Operating Profit 63 73 96 106 95 68 75 58 50 75 52 87 93
OPM % 5% 6% 8% 8% 7% 6% 7% 5% 4% 7% 5% 7% 7%
17 7 18 10 20 20 6 43 22 11 15 13 38
Interest 11 7 10 15 12 12 14 20 18 16 17 19 18
Depreciation 18 17 19 17 22 23 27 30 30 32 35 36 41
Profit before tax 52 57 84 83 80 53 41 50 24 38 15 45 71
Tax % 26% 28% 26% 27% 35% 29% 33% 26% -20% 27% 12% 27% 17%
39 41 62 61 52 37 27 37 29 28 13 33 59
EPS in Rs 3.42 3.74 5.24 5.31 4.52 3.23 2.37 3.25 2.54 2.44 1.12 2.89 5.12
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
4,590 4,254 4,697 6,662 4,985 4,584 4,811 4,889 4,639 4,828
4,326 4,011 4,414 6,325 4,780 4,281 4,560 4,515 4,379 4,521
Operating Profit 264 243 283 338 205 303 250 375 260 307
OPM % 6% 6% 6% 5% 4% 7% 5% 8% 6% 6%
46 30 -26 65 46 95 55 46 82 76
Interest 108 80 59 118 171 76 70 44 63 70
Depreciation 27 30 34 44 74 75 69 74 110 144
Profit before tax 174 163 164 241 7 246 166 303 168 170
Tax % 38% 37% 49% 36% 244% 23% 25% 29% 22% 21%
108 102 84 154 -10 189 124 216 131 133
EPS in Rs 9.62 9.08 7.39 13.76 -0.82 16.64 11.19 18.78 11.38 11.57
Dividend Payout % 26% 28% 43% 23% 0% 0% 27% 21% 26% 26%
Compounded Sales Growth
10 Years: %
5 Years: -1%
3 Years: 0%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: 72%
3 Years: -2%
TTM: -8%
Stock Price CAGR
10 Years: 11%
5 Years: 15%
3 Years: -9%
1 Year: -29%
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
276 310 316 393 469 531 754 770 916 954
CWIP 21 8 6 9 11 18 44 42 63 9
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 50
Cash Conversion Cycle 106 107 104 123 127 124 60 -6 -30 127
Working Capital Days 60 41 71 84 67 66 27 42 15 44
ROCE % 15% 19% 17% 7% 12% 12% 18% 13% 12%

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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