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Bajaj Electricals Ltd share Price

Company details

6M Return 12.33%
1Y Return 9.73%
Mkt Cap.(Cr) 12,551.30
Volume 11,321
Div Yield 0.37%
OI Chg %
Volume 11,321

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Adverse sales mix hurts profitability of core business
About The Stock

    Bajaj Electricals' business portfolio spans across consumer products (CP) and EPC (illumination, power transmission and power distribution).

    • CP (appliances, fans, lighting) contributes ~78% to topline. Its premium brands include Morphy Richards and Nirlep. The company has over 2.3 lakh retail touch points across India
    • The company has been reducing exposure in the EPC business with maximum on executing high margin business
Q4FY22 Results

    High input costs pressure drags overall EBITDA margin.

    • Higher raw material costs dragged gross margins down ~309 bps YoY in Q4FY22. EBITDA margin fall was restricted to ~105 bps YoY to 4.7%, supported by savings in employee costs and other expenditure
    • Revenues were up 6% YoY (flat QoQ) to ₹ 1334 crore supported by CP segment revenue growth of ~6% YoY to ~₹ 1038 crore
    • PAT declined ~29% YoY tracking lower EBITDA margins in Q4

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Household appliances company Bajaj Electricals announced Q1FY24 results:

  • Revenue from operations of Rs 1,112 crore as against Rs 1,129 crore, a de-growth of 1.5% over Q1FY23.
  • For Q1FY24, the company made a profit before tax and profit after tax of Rs 53 crore and Rs 38 crore respectively, as against profit before tax and profit after tax of Rs 58 crore and Rs 42 crore respectively in Q1FY23.
  • The order book as on July 1, 2023, stands at Rs 1,728 crore
  • For Q1FY24, the consumer products segment of the company earned total revenue of Rs 873 crore as against Rs 855 crore, a growth of 2% over Q1FY23.
  • For Q1FY24, the lighting solutions segment of the company has earned total revenue of Rs 240 crore as against Rs 274 crore, a de-growth of 12.5% over Q1FY23.
  • The scheme of demerger of the EPC Segment has been approved by the NCLT, Mumbai, and accordingly, the EPC segment has been shown as discontinued operations.

Shekhar Bajaj, Chairman, Bajaj Electricals, said, “The Company has achieved a stable performance in a challenging environment. Consumer Products revenues have grown by 2.0% for the quarter, despite demand slowdown and pricing constraints. The Lighting Solutions segment is also facing demand headwinds. Meanwhile, we have continued to focus on our long-term strategic objectives with a continued push for new products and brand strengthening. The EPC segment (which is likely to be demerged soon) maintains its positive traction.”



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Investment recommendation
Adverse sales mix hurts profitability of core business
Call Date
03 Feb 2023
Entry Price 1,140.00
Target Price 1,275.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Bajaj Electricals Ltd Stocks COMPARISION


Equity Capital: 1,907.22 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 13,565.29 -8,591.81
LAST 3M 37,244.98 3,231.65
LAST 6M 45,909.21 154,115.29
LAST 12M 133,371.71 158,810.39

Bajaj Electricals Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Bajaj Electricals Limited is a company that operates in electrical Products and has a market capitalization of Rs 13,052.68 crore on 24th August 2021. At the end of March 2021, it registered combined revenue of Rs 18181.74 crores. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 500031 and scrip code BAJAJELEC. As of 24th August ‘2021, Bajaj Electrical is trading at Rs. 1138.60.

    Since its inception, Bajaj Electrical has grown to become a globally trusted brand. Bajaj Electrical remains committed to style and develop unique, convenient, and energy-efficient products that add convenience to life. The company is engaged in marketing various consumer household and industrial goods, including electric lamps and bulbs lighting fitting and domestic appliances like fans, air coolers, pressure cookers, ovens, toaster, heaters, mixer grinder, and parts thereof, water purifier, water filters, etc. In consumer products, 53.8% of total revenue in FY 20-21 is from Appliances (Kitchen and Domestic), 26.6% is from Fans, 12.5% is from Lighting, and The Balance of 7.1% from others and the Company has assigned credit ‘A’ in the Long term, ‘A1’ in Short term and ‘A’ in Non-convertible Debentures. It has a subsidiary naming Nirlep Appliances Private Limited. The promoters currently hold 63.10% of the stake in the company, and the rest, 36.89%, is owned by the others (Retail Investors).

    As of 31st March 2021, revenue from operations was Rs 4,573 crore, which had declined by 8.11% from Rs 4,977 crore. It had posted a Quarterly Net Loss in June 2021 was Rs. 869 Lakhs, which decreased 79.49% from Rs.4239 Lakhs in June 2020. However, its PBIT grew sharply from Rs. 192 crores in 2019-20 to Rs. 305 crores. PAT swung from Rs. (0.1) crores in 2019-20 to Rs. 184 crores, marking a strong turnaround in performance. During the year, the company continued to generate strong cash flow from the operation of Rs. 660 crores. Total debts reduced sharply from Rs. 957 crores as of 31st March 2020 to Rs. 464 crores as of 31st March 2021, thus further improving the debt-equity ratio of the company to 0.3.

Registered Address

45-47 Veer Nariman Road, Fort, Mumbai, Maharashtra, 400001

Tel : 91-22-22043841
Email : legal:bajajelectricals.com
Website : http://www.bajajelectricals.com

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500031
Book Closure Date (Month) :
BSE Group : A
ISIN : INE193E01025

FAQ’s on Bajaj Electricals Ltd Shares

You can buy Bajaj Electricals Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bajaj Electricals Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 22, 2023 03:44 PM the closing price of Bajaj Electricals Ltd was ₹ 1,090.45.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 22, 2023 03:44 PM, the market cap of Bajaj Electricals Ltd stood at ₹ 12,551.30.

The latest PE ratio of Bajaj Electricals Ltd as of Sep 22, 2023 03:44 PM is 59.21

The latest PB ratio of Bajaj Electricals Ltd as of Sep 22, 2023 03:44 PM is 0.15

The 52-week high of Bajaj Electricals Ltd is ₹ 1,177.30 while the 52-week low is ₹ 850.76

According to analyst recommendations, Bajaj Electricals Ltd has a “Buy” rating for the long term.

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