Bajaj Electricals Limited (IN:BAJAJELEC)
:BAJAJELEC
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Bajaj Electricals Limited
(BAJAJELEC)
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Rating:59Neutral
Price Target:
₹374.00
▼(-20.71% 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
Diversified revenue mix (consumer + projects)
The company combines branded consumer products (fans, lighting, appliances) with institutional lighting solutions and project work. This diversification reduces dependence on any single channel, creates institutional contract revenues that are stickier than retail, and smooths demand volatility over a multi-month horizon.
Negative Factors
Declining EBIT / EBITDA margins
Pressure on EBIT and EBITDA margins suggests rising costs or weaker operating leverage. Persistent margin erosion reduces core earnings power, limits reinvestment and cash available for growth initiatives, and makes profits more sensitive to input-cost increases across consumer and project businesses.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue mix (consumer + projects)
The company combines branded consumer products (fans, lighting, appliances) with institutional lighting solutions and project work. This diversification reduces dependence on any single channel, creates institutional contract revenues that are stickier than retail, and smooths demand volatility over a multi-month horizon.
Read all positive factors
Bajaj Electricals Limited (BAJAJELEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹41.60B
Dividend Yield0.62%
Average Volume (3M)60.84K
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue Growth0.80%
EPS Growth-4.31%
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)13.08
Revenue Forecast (FY)₹50.38B
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 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 p...
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
374.59
Negative
425.10
Negative
510.55
Negative
Market Momentum
-7.09
Negative
49.31
Neutral
69.43
Neutral
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 356.69, above the 50-day MA of 374.59, and below the 200-day MA of 510.55, indicating a neutral trend. The MACD of -7.09 indicates Negative momentum. The RSI at 49.31 is Neutral, neither overbought nor oversold. The STOCH value of 69.43 is Neutral, 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 | ₹50.83B | 73.49 | ― | 1.43% | -19.72% | -44.03% | |
63 Neutral | ₹42.16B | 66.01 | ― | ― | 12.08% | 28.97% | |
63 Neutral | ₹64.47B | 64.27 | ― | 0.97% | 4.48% | -49.18% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | ₹34.01B | 36.16 | ― | 0.82% | 6.63% | 42.16% | |
59 Neutral | ₹41.60B | -40.37 | ― | 0.62% | 0.80% | -4.31% | |
57 Neutral | ₹153.12B | 41.30 | ― | 1.16% | 0.73% | -5.88% |
* Consumer Defensive Sector Average
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Bajaj Electricals Limited Corporate Events
Bajaj Electricals Enters Wires Business Under Lighting Solutions Segment
Jan 19, 2026
Bajaj Electricals Limited has decided to enter the wires business as a new product line within its Lighting Solutions segment, citing rising demand in the wires industry as a key driver. The company plans to launch wire products shortly and will i...
Bajaj Electricals Faces Rs 9.36 Crore GST Demand from Tamil Nadu Tax Authority
Dec 31, 2025
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 d...
Bajaj Electricals Faces Rs 237.9 Lakh GST Demand for FY 2021–22
Dec 26, 2025
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...
Bajaj Electricals Advances CFO E C Prasad’s Relieving Date to December 31, 2025
Dec 20, 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 ...
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.