Bajaj Electricals Ltd.

•

bajajelectricals.comBSE: 500031NSE: BAJAJELEC

Market Cap₹ 3,905 Cr.

Current Price

High / Low₹ 654 / 301

Stock P/E—

Book Value₹ 139

Price to Book2.52

Dividend Yield0.89 %

ROCE-2.0 %

ROE-5.6 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Consumer Products: 74.9% • Lighting: 25.1%

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 431.6% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 7.40x)
Working capital cycle has improved - days down from 49 to 21
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Recent results are weak - TTM profit is down 133.9% versus prior year
Company has a low return on equity of 3.7% over last 3 years
Company has a low return on capital employed of 9.1%
Interest coverage is weak at -0.6x - earnings barely cover interest
Company's sales have been declining over the last five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesConsumer DurablesConsumer Durables - Domestic Appliances

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	PGEL	543.00	75.66	15570.91	0.05	76.22	13.79	2033.96	35.25	10.59	7.33
2.	CROMPTON	231.30	0.00	14893.75	1.30	142.70	15.17	2235.02	11.84	-1.06	10.04
3.	WHIRLPOOL	795.55	40.23	10093.29	0.63	102.88	-29.57	2726.75	12.10	10.90	5.10
4.	EUREKAFORB	397.35	42.53	7694.16	0.00	56.99	47.26	700.40	15.22	5.04	9.91
5.	TTKPRESTIG	540.10	38.27	7397.55	1.39	58.97	130.17	813.85	33.57	11.92	10.03
6.	HAWKINCOOK	8438.40	32.90	4462.07	1.66	30.38	17.12	318.13	33.06	40.90	13.43
7.	BAJAJELEC	338.35	0.00	3905.36	0.89	48.38	431.65	1089.36	2.84	-1.97	7.12
8.	ORIENTELEC	173.80	33.77	3708.30	0.86	31.49	79.74	949.76	23.49	20.28	7.01
9.	BOROLTD	263.80	45.03	3154.72	0.00	12.80	-26.48	253.59	8.98	11.26	13.59
10.	STOVEKRAFT	840.50	34.16	2782.67	0.42	192.09	—	2354.41	—	13.46	10.71
11.	BUTTERFLY	608.85	22.64	1088.60	0.00	88.87	1281.47	2138.73	1041.22	18.19	7.03
12.	SINGERIND	73.66	57.46	458.31	0.54	9.30	—	1015.90	—	10.66	1.39

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,108	1,107	1,226	1,181	1,152	1,115	1,286	1,263	1,059	1,103	1,048	1,238	1,089
	1,035	1,038	1,171	1,138	1,080	1,067	1,202	1,172	1,031	1,045	1,038	1,196	1,059
Operating Profit	73	70	55	43	73	48	84	90	28	57	10	42	31
OPM %	6.58%	6.31%	4.52%	3.61%	6.31%	4.30%	6.53%	7.15%	2.64%	5.21%	0.98%	3.37%	2.83%
	10	11	43	22	11	15	13	38	24	8	-14	-46	17
Interest	12	14	20	18	16	17	19	18	18	13	13	13	16
Depreciation	23	27	30	30	32	35	36	41	37	37	35	33	31
Profit before Tax	53	45	50	24	38	15	45	71	2	20	-49	-49	66
Tax %	29.22%	29.83%	25.99%	-19.88%	26.59%	12.36%	26.55%	17.12%	27.11%	27.82%	40.59%	-31.99%	26.33%
Net Profit	0	0	0	0	28	13	33	59	9	10	-34	-68	48
	3.26	2.75	3.25	2.55	2.44	1.12	2.89	5.12	0.08	0.85	-2.95	-5.85	4.19

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	4,262	4,707	6,679	4,987	4,585	4,813	4,889	4,641	4,828	4,462	4,478
	4,028	4,425	6,340	4,779	4,286	4,563	4,515	4,382	4,521	4,311	4,338
Operating Profit	234	282	340	208	298	250	375	260	307	151	140
OPM %	5.49%	5.99%	5.09%	4.18%	6.51%	5.20%	7.66%	5.60%	6.37%	3.39%	3.13%
	44	-14	65	46	100	55	45	86	76	-29	-36
Interest	80	59	118	171	76	70	44	63	70	56	54
Depreciation	30	34	44	74	75	69	74	110	144	142	135
Profit before Tax	163	164	241	7	246	166	302	173	170	-89	-12
Tax %	37.15%	49.15%	36.31%	243.74%	23.27%	25.18%	28.75%	21.50%	21.37%	-2.12%	-155.18%
Net Profit	102	84	154	-10	189	124	215	136	133	-91	-31
EPS	10.08	8.19	14.83	-0.99	16.49	11.19	18.79	11.38	11.57	-7.87	—
Dividend Payout %	27.76%	42.70%	22.92%	0.00%	0.00%	26.82%	21.29%	26.37%	25.93%	-38.10%	—

COMPOUNDED SALES GROWTH

10 Years:: 0%
5 Years:: -1%
3 Years:: -3%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 2%
5 Years:: -24%
3 Years:: -33%
1 Year:: -43%

RETURN ON EQUITY

10 Years:: 8%
5 Years:: 6%
3 Years:: 4%
Last Year:: -6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	20	20	20	23	23	23	23	23	23	23
Minority Interest	0	0	0	0	0	-26	0	0	0	0
	831	906	1,026	1,313	1,543	1,697	1,865	1,391	1,671	1,535
	548	721	1,598	825	298	63	72	173	187	146
Trade Payables	636	854	1,104	910	960	1,235	1,216	1,247	1,261	1,320
	988	890	1,373	1,452	1,391	919	1,816	994	1,073	1,216
Total Liabilities	3,022	3,392	5,121	4,522	4,215	3,910	4,993	3,828	4,215	4,240
	310	316	393	469	405	623	640	780	794	760
Capital Work in Progress	8	4	7	9	10	28	41	62	9	1
	72	8	11	13	5	5	47	35	233	402
	571	579	830	699	986	998	976	757	717	534
	0	0	0	0	0	1,140	1,111	1,163	1,286	1,141
Cash & Bank	65	26	16	105	62	143	370	275	121	258
	1,996	2,460	3,864	3,228	2,747	974	1,808	757	1,055	1,144
Total Assets	3,022	3,392	5,121	4,522	4,215	3,910	4,993	3,828	4,215	4,240

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	481	-48	-482	672	670	914	443	357	347	619
Cash from Investing	-91	36	-104	-41	-110	-71	-88	-210	-195	-380
Cash from Financing	-368	64	713	-495	-604	-771	-139	-133	-146	-137
	-21	-3	-11	90	-56	72	223	11	6	103

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	62.78	62.75	62.72	62.72	62.72	62.70	62.69	62.69	62.69
	7.92	8.22	7.81	7.78	7.88	7.74	6.47	6.49	5.36
	14.75	15.59	15.91	15.79	15.57	15.87	17.08	16.88	16.82
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	14.53	13.42	13.54	13.69	13.82	13.67	13.74	13.92	15.11

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04

Allotment of Securities

2026-09-04 - Bajaj Electricals Limited has informed the Exchange regarding allotment of 30867 securities pursuant to ESOP/ESPS at its meeting held on September 04, 2026

2026-08-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - Bajaj Electricals Limited has informed the Exchange about Transcript of the ''Q1FY27 Earnings Call''

2026-08-11

Press Release

2026-08-11 - Bajaj Electricals Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "Krishnan Sundaram Appointed as Chief Growth & New Business Officer at Bajaj Electricals Limited".

2026-08-06

Shareholders meeting

2026-08-06 - Bajaj Electricals Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 06, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-06

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-06 - Bajaj Electricals Limited has informed the Exchange about Link of Recording

2026-08-06

Shareholders meeting

2026-08-06 - Bajaj Electricals Limited has informed the Exchange regarding "Proceedings of Annual General Meeting held on August 06, 2026"

2026-08-06

General Updates

2026-08-06 - Bajaj Electricals Limited has informed the Exchange about the Presentation on the Unaudited Financial Results for the first quarter ended June 30, 2026

2026-08-06

Appointment

2026-08-06 - Bajaj Electricals Limited has informed the Exchange regarding "Appointment of Mr Krishnan Sundaram as Chief Growth & New Business Officer of the company w.e.f. August 11, 2026"

2026-08-06

Outcome of Board Meeting

2026-08-06 - Bajaj Electricals Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

News

Recent coverage and analyst commentary for BAJAJELEC

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AI Stock Analyst

Bajaj Electricals Ltd.

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Free 5nance Account

Name

PGEL

543.00

75.66

15570.91

0.05

76.22

13.79

2033.96

35.25

10.59

7.33

CROMPTON

231.30

0.00

14893.75

1.30

142.70

15.17

2235.02

11.84

-1.06

10.04

WHIRLPOOL

795.55

40.23

10093.29

0.63

102.88

-29.57

2726.75

12.10

10.90

5.10

EUREKAFORB

397.35

42.53

7694.16

0.00

56.99

47.26

700.40

15.22

5.04

9.91

TTKPRESTIG

540.10

38.27

7397.55

1.39

58.97

130.17

813.85

33.57

11.92

10.03

HAWKINCOOK

8438.40

32.90

4462.07

1.66

30.38

17.12

318.13

33.06

40.90

13.43

BAJAJELEC

338.35

0.00

3905.36

0.89

48.38

431.65

1089.36

2.84

-1.97

7.12

ORIENTELEC

173.80

33.77

3708.30

0.86

31.49

79.74

949.76

23.49

20.28

7.01

BOROLTD

263.80

45.03

3154.72

0.00

12.80

-26.48

253.59

8.98

11.26

13.59

STOVEKRAFT

840.50

34.16

2782.67

0.42

192.09

—

2354.41

—

13.46

10.71

BUTTERFLY

608.85

22.64

1088.60

0.00

88.87

1281.47

2138.73

1041.22

18.19

7.03

SINGERIND

73.66

57.46

458.31

0.54

9.30

—

1015.90

—

10.66

1.39

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

1,108

1,107

1,226

1,181

1,152

1,115

1,286

1,263

1,059

1,103

1,048

1,238

1,089

1,035

1,038

1,171

1,138

1,080

1,067

1,202

1,172

1,031

1,045

1,038

1,196

1,059

Operating Profit

OPM %

6.58%

6.31%

4.52%

3.61%

6.31%

4.30%

6.53%

7.15%

2.64%

5.21%

0.98%

3.37%

2.83%

-14

-46

Interest

Depreciation

Profit before Tax

-49

Tax %

29.22%

29.83%

25.99%

-19.88%

26.59%

12.36%

26.55%

17.12%

27.11%

27.82%

40.59%

-31.99%

26.33%

Net Profit

-34

-68

3.26

2.75

3.25

2.55

2.44

1.12

2.89

5.12

0.08

0.85

-2.95

-5.85

4.19

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

4,262

4,707

6,679

4,987

4,585

4,813

4,889

4,641

4,828

4,462

4,478

4,028

4,425

6,340

4,779

4,286

4,563

4,515

4,382

4,521

4,311

4,338

Operating Profit

234

282

340

208

298

250

375

260

307

151

140

OPM %

5.49%

5.99%

5.09%

4.18%

6.51%

5.20%

7.66%

5.60%

6.37%

3.39%

3.13%

-14

100

-29

-36

Interest

118

171

Depreciation

110

144

142

135

Profit before Tax

163

164

241

246

166

302

173

170

-89

-12

Tax %

37.15%

49.15%

36.31%

243.74%

23.27%

25.18%

28.75%

21.50%

21.37%

-2.12%

-155.18%

Net Profit

102

154

-10

189

124

215

136

133

-91

-31

EPS

10.08

8.19

14.83

-0.99

16.49

11.19

18.79

11.38

11.57

-7.87

—

Dividend Payout %

27.76%

42.70%

22.92%

0.00%

26.82%

21.29%

26.37%

25.93%

-38.10%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

-26

831

906

1,026

1,313

1,543

1,697

1,865

1,391

1,671

1,535

548

721

1,598

825

298

173

187

146

Trade Payables

636

854

1,104

910

960

1,235

1,216

1,247

1,261

1,320

988

890

1,373

1,452

1,391

919

1,816

994

1,073

1,216

Total Liabilities

3,022

3,392

5,121

4,522

4,215

3,910

4,993

3,828

4,215

4,240

310

316

393

469

405

623

640

780

794

760

Capital Work in Progress

233

402

571

579

830

699

986

998

976

757

717

534

1,140

1,111

1,163

1,286

1,141

Cash & Bank

105

143

370

275

121

258

1,996

2,460

3,864

3,228

2,747

974

1,808

757

1,055

1,144

Total Assets

3,022

3,392

5,121

4,522

4,215

3,910

4,993

3,828

4,215

4,240

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

481

-48

-482

672

670

914

443

357

347

619

Cash from Investing

-91

-104

-41

-110

-71

-88

-210

-195

-380

Cash from Financing

-368

713

-495

-604

-771

-139

-133

-146

-137

-21

-3

-11

-56

223

103

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

62.78

62.75

62.72

62.70

62.69

7.92

8.22

7.81

7.78

7.88

7.74

6.47

6.49

5.36

14.75

15.59

15.91

15.79

15.57

15.87

17.08

16.88

16.82

Government

0.00

14.53

13.42

13.54

13.69

13.82

13.67

13.74

13.92

15.11

Bajaj Electricals Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Bajaj Electricals Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI