Bajaj Electricals Limited (IN:BAJAJELEC)
:BAJAJELEC
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Bajaj Electricals Limited
(BAJAJELEC)
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Rating:59Neutral
Price Target:
₹415.00
▼(-12.02% Downside)
Action:ReiteratedDate:03/05/26
The score is supported primarily by solid underlying financial performance, especially strong operating cash flow versus net income and generally stable leverage. This is meaningfully offset by weak technicals (price below key moving averages with negative MACD) and an expensive valuation (very high P/E with low yield).
Positive Factors
Strong Operating Cash Flow
Sustained operating cash generation above reported net income provides durable internal funding for working capital, capex and project execution. This reduces reliance on external financing, supports reinvestment in products and distribution, and improves resilience across cycles.
Negative Factors
Declining Profit Margins
Compression of operating margins reduces the company's ability to convert sales into sustainable earnings and free cash flow. Persistent margin pressure from costs or mix can erode ROE, limit reinvestment capacity for new products or distribution, and weaken competitive positioning.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Operating Cash Flow
Sustained operating cash generation above reported net income provides durable internal funding for working capital, capex and project execution. This reduces reliance on external financing, supports reinvestment in products and distribution, and improves resilience across cycles.
Read all positive factors
Bajaj Electricals Limited (BAJAJELEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹45.78B
Dividend Yield0.62%
Average Volume (3M)60.84K
Price to Earnings (P/E)―
Beta (1Y)1.28
Revenue Growth-5.53%
EPS Growth-65.56%
CountryIN
Employees1,958
SectorConsumer Defensive
Sector Strength42
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-3.00
Shares Outstanding115,390,720
10 Day Avg. Volume21,424
30 Day Avg. Volume60,840
Financial Highlights & Ratios
PEG Ratio38.64
Price to Book (P/B)3.66
Price to Sales (P/S)1.31
P/FCF Ratio18.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹449.00Price Target Upside-4.81% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)12.3
Revenue Forecast (FY)₹49.53B
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 applianc...
How the Company Makes Money
Bajaj Electricals makes money mainly by selling products and executing projects across its operating businesses. A major revenue stream comes from the sale of consumer electrical products (e.g., fans and home appliances) and lighting products, whi...
Bajaj Electricals Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.18B | 48.28B | 46.22B | 48.68B | 48.13B | 45.85B |
| Gross Profit | 11.89B | 14.94B | 13.27B | 14.44B | 8.52B | 12.74B |
| EBITDA | 3.14B | 3.62B | 3.44B | 4.17B | 3.05B | 3.98B |
| Net Income | 1.03B | 1.33B | 1.31B | 2.16B | 1.29B | 1.91B |
Balance Sheet | ||||||
| Total Assets | 39.19B | 42.19B | 38.33B | 46.77B | 39.92B | 42.68B |
| Cash, Cash Equivalents and Short-Term Investments | 2.78B | 5.08B | 3.04B | 4.09B | 1.42B | 608.52M |
| Total Debt | 2.15B | 2.43B | 2.15B | 12.88B | 907.88M | 5.09B |
| Total Liabilities | 22.06B | 24.94B | 23.92B | 27.70B | 22.86B | 26.89B |
| Stockholders Equity | 17.13B | 17.25B | 14.41B | 19.07B | 17.32B | 15.78B |
Cash Flow | ||||||
| Free Cash Flow | 1.11B | 3.42B | 2.23B | 3.65B | 8.38B | 6.18B |
| Operating Cash Flow | 1.59B | 3.47B | 3.54B | 4.50B | 9.14B | 6.58B |
| Investing Cash Flow | 733.19M | -1.95B | -2.10B | -880.30M | -705.23M | -1.10B |
| Financing Cash Flow | -1.26B | -1.46B | -1.33B | -1.39B | -7.71B | -6.04B |
Bajaj Electricals Limited Technical Analysis
Neutral
471.70
Price Trends
372.63
Positive
417.58
Negative
501.94
Negative
Market Momentum
3.58
Negative
64.31
Neutral
92.23
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BAJAJELEC, the sentiment is Neutral. The current price of 471.7 is above the 20-day moving average (MA) of 358.88, above the 50-day MA of 372.63, and below the 200-day MA of 501.94, indicating a neutral trend. The MACD of 3.58 indicates Negative momentum. The RSI at 64.31 is Neutral, neither overbought nor oversold. The STOCH value of 92.23 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:BAJAJELEC.
Bajaj Electricals Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹59.13B | 73.49 | ― | 1.43% | -23.87% | -11.81% | |
63 Neutral | ₹47.01B | 66.01 | ― | ― | 12.52% | 6.89% | |
63 Neutral | ₹70.67B | 64.27 | ― | 0.97% | 7.67% | -60.52% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | ₹39.73B | 36.16 | ― | 0.82% | 7.30% | 34.09% | |
59 Neutral | ₹45.78B | -40.37 | ― | 0.62% | -5.53% | -65.56% | |
57 Neutral | ₹177.72B | 41.30 | ― | 1.16% | 1.40% | -12.27% |
* Consumer Defensive Sector Average
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Bajaj Electricals Limited Corporate Events
CRISIL Reaffirms Bajaj Electricals’ Key Credit Ratings, Withdraws Rating on Rs. 600 Crore Facilities
Apr 23, 2026
Bajaj Electricals Limited has had its existing credit ratings on bank loan facilities of Rs. 1,400 crore reaffirmed by CRISIL, which maintained a long-term rating of ‘CRISIL AA-/Stable’ and a short-term rating of ‘CRISIL A1+̵...
Bajaj Electricals Confirms SEBI Dematerialisation Compliance for March 2026 Quarter
Apr 6, 2026
Bajaj Electricals Limited has reported that its registrar and transfer agent, MUFG Intime India Private Limited, has certified the company’s compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for ...
Bajaj Electricals Seals Deal to Fully Acquire Morphy Richards Brand Rights in South Asia
Mar 16, 2026
Bajaj Electricals Limited has executed definitive agreements to acquire the Morphy Richards brand and related intellectual property, including trademarks, goodwill, and domain names, from Ireland-based Glen Electric Limited. The transaction grants...
Bajaj Electricals Faces Rs 19.9 Crore GST Demands from Tamil Nadu Authorities
Mar 15, 2026
Bajaj Electricals has disclosed that it received two assessment orders from the Tamil Nadu GST authorities for fiscal years 2019-20 and 2022-23, raising alleged tax, interest and penalty demands of Rs. 11.20 crore and Rs. 8.73 crore, respectively....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.