Bajaj Electricals Limited (BAJAJELEC) AI Stock Analysis

• Market Cap: ₹58.16B
• Dividend Yield: 0.6%
• Average Volume (3M): 45.31K
• Price to Earnings (P/E): 56.4
• Beta (1Y): 1.44
• Revenue Growth: 0.80%
• EPS Growth: -4.31%
• Country: IN
• Employees: 1,958
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 1.27
• Shares Outstanding: 115,370,140
• 10 Day Avg. Volume: 107,436
• 30 Day Avg. Volume: 45,313
• 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 ▼(-1.37% Downside)

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.

Bajaj Electricals Limited Business Overview & Revenue Model

Company Description

Bajaj Electricals Limited (BAJAJELEC) is a leading player in the Indian electrical and lighting industry, primarily engaged in the manufacturing and marketing of a wide range of products across various sectors including appliances, lighting, and engineering projects. The company operates through multiple segments such as Electrical Consumer Products, Lighting, and Engineering & Projects, offering a diverse portfolio that includes fans, lighting fixtures, kitchen appliances, and power transmission equipment. With a strong emphasis on innovation and quality, Bajaj Electricals serves both residential and commercial markets, contributing to its reputation as a trusted brand in the industry.

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: 538.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

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 538.35 is above the 20-day moving average (MA) of 529.42, below the 50-day MA of 553.98, and below the 200-day MA of 609.36, indicating a bearish trend. The MACD of -14.91 indicates Positive momentum. The RSI at 24.78 is Positive, neither overbought nor oversold. The STOCH value of 9.66 is Positive, 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	₹64.62B	49.70	―	1.38%	-19.72%	-44.03%
IFBIND	67 Neutral	₹72.63B	59.17	―	―	12.08%	28.97%
ORIENTELEC	66 Neutral	₹45.68B	51.91	―	0.71%	6.63%	42.16%
TTKPRESTIG	63 Neutral	₹90.63B	83.39	―	0.90%	4.48%	-49.18%
BAJAJELEC	57 Neutral	₹58.16B	56.35	―	0.60%	0.80%	-4.31%
CROMPTON	57 Neutral	₹182.45B	34.65	―	1.08%	0.73%	-5.88%
Sector *	57 Neutral	$3.13B	9.23	-34.32%	3.14%	-25.56%	-353.61%

Bajaj Electricals Limited Corporate Events

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.

Bajaj Electricals Announces Trading Window Closure Ahead of Financial Results

Bajaj Electricals Limited has announced the closure of its trading window from October 1, 2025, in compliance with SEBI’s Prohibition of Insider Trading Regulations. This measure affects designated persons, their immediate relatives, and connected persons, and will remain in effect until 48 hours after the company releases its unaudited financial results for the second quarter and half-year ending September 30, 2025. This move is part of the company’s commitment to regulatory compliance and transparency in its financial reporting.

Bajaj Electricals Sees Reduction in GST Demand with No Operational Impact

Bajaj Electricals Limited announced a reduction in a previously contested tax demand by the GST Authority, lowering the gross demand from Rs. 41.16 lakh to Rs. 13.79 lakh, including a reduced penalty. The company clarified that this adjustment will not impact its financial operations or other activities, ensuring stability for stakeholders and compliance with SEBI regulations.

Bajaj Electricals Sees Tax Demand Dropped, No Financial Impact

Bajaj Electricals Limited announced that the Joint Commissioner of CGST Division, Jaipur, has dropped a tax demand of Rs. 60.93 lakh, which included a penalty, previously issued by the Assistant Commissioner. This development, resulting from an appeal by the company, has no impact on its financial operations or other activities, ensuring stability in its business operations.

Bajaj Electricals Resolves GST Dispute with No Financial Impact

Bajaj Electricals Limited announced that it has successfully resolved a tax issue related to the disallowance of Input Tax Credit (ITC) under the Goods and Services Tax Act, 2017. The company paid the required tax amount and availed the Government of India’s Amnesty Scheme, resulting in the waiver of interest and penalty. This resolution has no impact on the company’s financial operations or activities.

Bajaj Electricals Appoints New Secretarial Auditors to Enhance Governance

Bajaj Electricals Limited announced the appointment of Messrs Makarand M. Joshi & Co. as their Secretarial Auditors for a five-year term, starting from the conclusion of their 86th Annual General Meeting. This strategic move is expected to strengthen the company’s governance and compliance framework, reflecting its commitment to maintaining high standards in corporate governance and enhancing stakeholder confidence.

Bajaj Electricals Appoints Nirav Nayan Bajaj as Non-Executive Director

Bajaj Electricals Limited has announced the appointment of Mr. Nirav Nayan Bajaj as a Non-Executive Director, effective from May 12, 2025, following shareholder approval at the company’s 86th Annual General Meeting. This strategic appointment is expected to enhance the company’s leadership, leveraging Mr. Bajaj’s extensive experience in strategic assignments and operational efficiencies, potentially impacting the company’s growth and innovation strategies positively.