Bajaj Electricals Limited (BAJAJELEC) AI Stock Analysis

• Market Cap: ₹53.34B
• Dividend Yield: 0.62%
• Average Volume (3M): 60.84K
• Price to Earnings (P/E): 51.7
• Beta (1Y): 1.53
• Revenue Growth: 0.80%
• EPS Growth: -4.31%
• Country: IN
• Employees: 1,958
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 1.27
• Shares Outstanding: 115,388,440
• 10 Day Avg. Volume: 21,424
• 30 Day Avg. Volume: 60,840
• PEG Ratio: 38.64
• Price to Book (P/B): 3.66
• Price to Sales (P/S): 1.31
• P/FCF Ratio: 18.47
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: ₹531.00 ▲(12.57% Upside)

Bajaj Electricals Limited's overall stock score is driven primarily by its strong financial performance, which is offset by bearish technical indicators and a high valuation. The company's robust revenue growth and cash flow management are significant strengths, but the technical analysis suggests caution due to potential downward price pressure. The high P/E ratio further indicates overvaluation concerns.

Positive Factors

Revenue Growth

Consistent revenue growth indicates robust sales performance and resilience in the furnishings and appliances sector, supporting long-term business stability.

Cash Flow Management

Effective cash management and operational efficiency enhance liquidity and investment potential, supporting sustainable growth and financial health.

Market Position

A strong market position in both residential and commercial sectors ensures a broad customer base and competitive advantage, fostering long-term growth.

Negative Factors

Profitability Margins

Constrained profitability margins due to expenses can limit earnings potential, affecting long-term profitability and investment appeal.

Earnings Growth

Negative EPS growth reflects challenges in increasing profitability, potentially impacting investor confidence and future earnings potential.

Equity Levels

Lower equity levels suggest potential vulnerability in financial stability, requiring improvement to strengthen the company's financial foundation.

Bajaj Electricals Limited Business Overview & Revenue Model

Company Description

Bajaj Electricals Limited engages in the consumer durables; and engineering, procurement, and construction businesses in India. It operates through Consumer Products; Engineering & Projects; and Others segments. The company offers various appliances, including toasters, mixer-grinders, food processors, juicer mixer grinders, choppers and hand blenders, snack makers, wet grinders, oven toaster grill, microwave ovens, electric kettles, induction cookers, rice cookers, pressure cookers, gas stoves, non-electric kitchen appliances, irons, storage water heaters, pans and tavas, gas water heaters, instant water heaters, room heaters, air coolers, coffee makers, pop-up toasters, and electric cookers. It also provides various fans comprising ceiling, pedestal, table, wall, personal, and domestic exhaust fans, as well as air circulators. In addition, the company offers lighting products, including LED lamps, battens, panels, and electrical accessories. Further, it is involved in the design, engineering, supply, execution, and commissioning of power distribution and transmission projects, as well as illumination. Additionally, the company generates wind energy. It operates approximately 2,30,000 retail outlets. Bajaj Electricals Limited exports its products to Sri Lanka, Bangladesh, Singapore, Myanmar, Mauritius, Nigeria, Ethiopia, Uganda, Ghana, Tanzania, Madagascar, Kenya, Egypt, the United Arab Emirates, Oman, Bahrain, Iraq, Jordan, and other countries. The company was formerly known as Radio Lamp Works Limited and changed its name to Bajaj Electricals Limited in October 1960. The company was incorporated in 1938 and is headquartered in Mumbai, India.

How the Company Makes Money

Bajaj Electricals generates revenue through several key streams: the sale of electrical consumer products such as household appliances and lighting solutions, the provision of engineering and project services, and the sale of products related to power transmission and distribution. The company's revenue model is supported by a combination of direct sales, retail partnerships, and distribution agreements, enabling it to reach a wide customer base. Significant partnerships with retail chains and e-commerce platforms enhance its market presence and sales potential. Additionally, government contracts and infrastructure projects in the engineering segment contribute substantially to its earnings, particularly in renewable energy and smart city initiatives.

Bajaj Electricals Limited Financial Statement Overview

Summary

Bajaj Electricals Limited exhibits a strong financial performance with solid revenue growth and efficient cash flow management. The balance sheet remains stable, with manageable leverage and consistent returns on equity. While profitability margins could be improved, the overall financial health is robust, indicating a well-managed company in the furnishings and appliances industry.

Income Statement

Bajaj Electricals Limited has shown consistent revenue growth over the years with a slight dip in the latest year, reflecting resilience in the furnishings and appliances sector. The company maintains a healthy gross profit margin, although net profit margins are slightly constrained by expenses, as seen in the declining EBIT and EBITDA margins. Despite this, the revenue growth rate has been positive, indicating robust sales performance.

Balance Sheet

The balance sheet reflects a stable financial position with a reasonable debt-to-equity ratio, suggesting balanced leverage. Return on equity shows positive returns, although the equity ratio indicates room for enhancing equity levels further. The company's liabilities are well-managed, supporting a solid financial foundation.

Cash Flow

Cash flow analysis reveals strong operating cash flows well above net income, indicating effective cash management and operational efficiency. Free cash flow to net income ratio is favorable, and despite fluctuations in free cash flow growth, the company maintains strong liquidity and investment potential.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	47.26B	48.28B	46.22B	48.68B	48.13B	45.85B
Gross Profit	11.93B	14.94B	13.27B	14.44B	8.52B	12.74B
EBITDA	3.11B	3.62B	3.44B	4.17B	3.05B	3.98B
Net Income	1.06B	1.33B	1.31B	2.16B	1.29B	1.91B
Balance Sheet
Total Assets	0.00	42.19B	38.33B	46.77B	39.92B	42.68B
Cash, Cash Equivalents and Short-Term Investments	5.08B	5.08B	3.04B	4.09B	1.42B	608.52M
Total Debt	0.00	2.43B	2.15B	12.88B	907.88M	5.09B
Total Liabilities	-17.25B	24.94B	23.92B	27.70B	22.86B	26.89B
Stockholders Equity	17.25B	17.25B	14.41B	19.07B	17.32B	15.78B
Cash Flow
Free Cash Flow	1.21B	3.42B	2.23B	3.65B	8.38B	6.18B
Operating Cash Flow	1.47B	3.47B	3.54B	4.50B	9.14B	6.58B
Investing Cash Flow	-276.81M	-1.95B	-2.10B	-880.30M	-705.23M	-1.10B
Financing Cash Flow	-345.69M	-1.46B	-1.33B	-1.39B	-7.71B	-6.04B

Bajaj Electricals Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 471.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BAJAJELEC, the sentiment is Negative. The current price of 471.7 is below the 20-day moving average (MA) of 477.53, below the 50-day MA of 487.01, and below the 200-day MA of 572.46, indicating a bearish trend. The MACD of -5.33 indicates Positive momentum. The RSI at 30.89 is Neutral, neither overbought nor oversold. The STOCH value of 20.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BAJAJELEC.

Bajaj Electricals Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SYMPHONY	70 Outperform	₹62.12B	47.79	―	1.43%	-19.72%	-44.03%
TTKPRESTIG	63 Neutral	₹83.64B	76.96	―	0.97%	4.48%	-49.18%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ORIENTELEC	60 Neutral	₹35.99B	40.90	―	0.82%	6.63%	42.16%
BAJAJELEC	57 Neutral	₹53.34B	51.68	―	0.62%	0.80%	-4.31%
CROMPTON	57 Neutral	₹162.23B	34.31	―	1.16%	0.73%	-5.88%
IFBIND	57 Neutral	₹58.89B	46.40	―	―	12.08%	28.97%

Bajaj Electricals Limited Corporate Events

Bajaj Electricals Faces Rs 9.36 Crore GST Demand from Tamil Nadu Tax Authority

Bajaj Electricals Limited has disclosed that it received an assessment order from the Commercial Tax Officer in Chennai under the Tamil Nadu Goods and Services Tax Act, 2017, raising an alleged demand of Rs. 936.38 lakh for FY 2018–19. The demand comprises tax, interest, and penalty, largely arising from alleged short payment of tax and disallowance of input tax credit, and the company is evaluating legal options, including an appeal, while stating that any financial impact would be limited to the demanded amount and that there is no effect on its ongoing operations or activities.

Bajaj Electricals Faces Rs 237.9 Lakh GST Demand for FY 2021–22

Bajaj Electricals Limited has disclosed that it received an order from the West Bengal Goods and Services Tax Authority under Section 73(9) of the CGST/WBGST Act, 2017, raising a gross demand of Rs 237.90 lakh, including a general penalty of Rs 12.91 lakh, for alleged short payment of tax for the financial year 2021–22. The company’s management is assessing legal remedies, including the option of filing an appeal before the appropriate tribunal, and has stated that the order does not affect its financial operations or other business activities, indicating that the potential liability is not expected to be materially disruptive for stakeholders at this stage.

Bajaj Electricals Advances CFO E C Prasad’s Relieving Date to December 31, 2025

Bajaj Electricals Limited has announced that its Chief Financial Officer and Key Managerial Personnel, E C Prasad, will now be relieved from his role effective close of business on December 31, 2025, instead of the previously communicated date of January 26, 2026. The Board approved the change via circular resolution at Prasad’s request following completion of his handover of responsibilities and waived the remaining notice period in line with company policy and applicable regulations, signalling an orderly transition in the finance leadership and continued compliance with SEBI disclosure norms.

Bajaj Electricals Issues Corrigendum on Equity Share Allotment

Bajaj Electricals Limited issued a corrigendum to correct a typographical error in their previous announcement regarding the allotment of 18,301 equity shares to eligible employees. The correction pertains to the exercise price and premium per share details, as per the SEBI regulations. This update ensures compliance with regulatory requirements and maintains transparency with stakeholders.

Bajaj Electricals Secures Favorable GST Penalty Reduction

Bajaj Electricals Limited announced a favorable resolution to a previous penalty imposed by the GST Authority due to a mismatch in an e-way bill. The penalty was initially set at Rs. 8.55 lakh but has been reduced to Rs. 0.01 lakh following an appeal. The company is seeking a refund of Rs. 8.54 lakh and stated that this matter does not impact its financial operations or activities.

Bajaj Electricals Releases Q2FY26 Earnings Call Transcript

Bajaj Electricals Limited has released the transcript of its Q2FY26 earnings conference call, which was organized by Ambit Capital Private Limited. During the call, the company discussed its unaudited financial results for the second quarter and half-year ending September 30, 2025. This disclosure is part of the company’s compliance with SEBI Listing Regulations, reflecting its commitment to transparency and stakeholder communication.

Bajaj Electricals Faces GST Appeal Rejection, Plans Further Action

Bajaj Electricals Limited has announced that the GST Authority has rejected their appeal regarding an alleged tax shortfall and GST input mismatch, affirming a demand of Rs. 2.95 crore. Despite this setback, the company plans to file a further appeal based on a recent favorable court judgment, and assures stakeholders that there is no impact on its financial operations or activities.

Bajaj Electricals Receives Partial Relief in Tax Dispute

Bajaj Electricals Limited announced a partial relief in a tax dispute with the GST Authority, reducing the demand from Rs. 32.04 lakh to Rs. 20.13 lakh, including a revised penalty. The company plans to appeal the decision based on a favorable High Court judgment, and this order does not impact its financial operations or other activities.