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Bajaj Electricals Ltd share Price Today

Company details

923.35
959.00
850.76
1,177.30
6M Return -6.08%
1Y Return -8.85%
Mkt Cap.(Cr) 10,895.24
Volume 81,041
Div Yield 0.32%
OI
-
OI Chg %
-
Volume 81,041

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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 to the EPC business with maximum focus on executing high margin business
Q3FY23 Results

    Mixed bag performance.

    • Revenues were up 12.5% YoY to ~₹ 1485 crore supported by ~10% growth in the consumer product (CP) revenues to ~₹ 1040 crore. Lighting segment revenues declined ~2% YoY to ₹ 270 crore
    • EBITDA margin at 6.9% was flat YoY (down 100 bps QoQ) mainly due to lower profitability in the CP segment. The CP segment margins were impacted by adverse sales mix, higher A&P and logistics costs
    • PAT was up 27% YoY to ₹ 61 crore on a favourable base (impacted by one-time exceptional loss)

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Research view on more stocks

Household Appliances company Bajaj Electricals announced Q2FY24 & H1FY24 results:

  • Revenue from operations: Rs 1,113 crore (Q2FY24) vs. Rs 1,159 crore (Q2FY23), a contraction of 4.0%.
  • Profit Before Tax (PBT): Rs 45 crore (Q2FY24) vs. Rs 79 crore (Q2FY23).
  • Profit After Tax (PAT): Rs 32 crore (Q2FY24) vs. Rs 58 crore (Q2FY23).
  • Consumer Products (CP) Segment:
    • Total Revenue: Rs 858 crore (Q2FY24) vs. Rs 883 crore (Q2FY23), a contraction of 2.9%.
    • EBIT: Rs 41 crore (Q2FY24) vs. Rs 62 crore (Q2FY23).
  • Lighting Solutions (LS) Segment:
    • Total Revenue: Rs 255 crore (Q2FY24) vs. Rs 276 crore (Q2FY23), a contraction of 7.4%.
    • EBIT: Rs 14 crore (Q2FY24) vs. Rs 26 crore (Q2FY23).
  • The EPC business has been demerged from the company, effective from September 1, 2023.
  • Overall, the company experienced a contraction in revenue and profitability in Q2FY24 compared to Q2FY23. The demerger of the EPC business may have impacted the financial results for this quarter.
  • For H1FY24 the company reported positive cash flow from operations amounting to Rs 92 crore.
  • Additionally, the company's cash equivalents and surplus investments totaled Rs 204 crore.

Shekhar Bajaj, Chairman of Bajaj Electricals, said, “The Company has achieved a stable performance amidst a weak consumer demand sentiment. Consumer Products and Lighting Solutions revenues have contracted by 2.9% and 7.4% respectively, for the quarter, due to demand slowdown and pricing constraints. Meanwhile, we continue to monitor the demand and continue to focus on our long-term strategic objectives with a continued push for new products and brand strengthening. The EPC segment has been demerged from September 1, 2023 and has a positive outlook for the future.”

Result PDF

View Other Company Results

Bajaj Electricals Ltd shares SWOT Analysis

Strengths (3)

  • MACD Crossover Above Signal Line
  • Company with No Debt
  • FII / FPI or Institutions increasing their shareholding

Weakness (7)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Degrowth in Revenue and Profit
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Opportunity (0)

Data not found

Threats (2)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)

Resistance and support

R1 962.1
R2 978.4
R3 997.7
Pivot

942.72

S1 926.4
S2 907.1
S3 890.8
EMA SMA
942.8
958.0
983.6
1,024.4
941.7
952.6
989.1
1,039.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NIRAJ HOLDINGS PRIVATE LIMITED Block Purchase 2023-11-23 1001 471052 NSE
RISHAB FAMILY TRUST Block Sell 2023-11-23 1001 471052 NSE
SOCIETE GENERALE Bulk Purchase 2023-06-13 1175 600000 BSE
Name Category Shares
Kiran Bajaj PROMOTER 6.55%
Geetika Bajaj PROMOTER 1.88%
Vanraj Bajaj PROMOTER 1.6%
Shekhar Bajaj PROMOTER 1.58%
Pooja Bajaj PROMOTER 1.34%
Sunaina Kejriwal PROMOTER 1.08%
Niraj Bajaj PROMOTER 0.98%
Minal Bajaj PROMOTER 0.6%
Jamnalal Sons Private Limited PROMOTER 19.57%
Bajaj Holdings And Investment Limited PROMOTER 16.61%
Baroda Industries Private Limited PROMOTER 1.23%
Hind Musafir Agency Limited PROMOTER 1.12%
Vanraj Bajaj Trust (Kiran Bajaj as a Trustee) PROMOTER 0.87%
Bajaj International Private Limited PROMOTER 0.8%
Neelima Bajaj Swamy Family Trust (Neelima Bajaj Swamy as a Trustee) PROMOTER 0.71%
Nimisha Jaipuria Family Trust (Nimisha Jaipuria as a Trustee) PROMOTER 0.55%
Hercules Hoists Limited PROMOTER 0.54%

OUR RESEARCH VIEW

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
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Bajaj Electricals Ltd Stocks COMPARISON

Financials( in Cr) Bajaj Electricals Ltd Havells India Ltd Dixon Technologies (India) Ltd Voltas Ltd Blue Star Ltd
Price 945.80 1,813.65 8,938.40 1,288.30 1,583.10
% Change 1.08 3.39 10.31 -1.16 6.43
Mcap Cr 10,895.24 113,658.36 53,471.30 42,627.91 32,550.91
Revenue TTM Cr 5,429.26 16,910.73 12,192.01 9,498.77 7,977.32
Net Profit TTM Cr 216.19 1,071.73 255.08 136.22 400.69
PE TTM 80.08 89.46 145.40 169.12 78.39
1 Year Return -8.85 39.69 204.25 58.98 121.73
ROCE 17.62 21.93 23.60 9.54 23.89
ROE 11.88 16.97 22.36 4.46 23.42
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,907.22 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,581.63 -35,822.31
LAST 3M 105,886.10 -42,131.07
LAST 6M 173,680.57 48,055.67
LAST 12M 265,486.86 128,722.00
Bajaj Electricals Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 17, 2024 l NSE Announcement

Bajaj Electricals Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 15, 2024 l NSE Announcement

NSE Board Meetings Forthcomming

May 14, 2024 l NSE Board Meetings Forthcomming

Date Action Type Ratio
Jul 28, 2023 Dividend 200
Jul 28, 2022 Dividend 150

Bajaj Electricals Ltd Information

Stock PE (TTM)
80.08
Promoter Holding
62.8%
Book Value
125.1101
ROCE
17.62%
ROE
11.88%
Description
  • 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
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500031
NSE Code : BAJAJELEC
Book Closure Date (Month) : Jul/Aug
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 May 17, 2024 03:52 PM the closing price of Bajaj Electricals Ltd was Rs.945.80.

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 May 17, 2024 03:52 PM, the market cap of Bajaj Electricals Ltd stood at Rs. 10,895.24.

The latest PE ratio of Bajaj Electricals Ltd as of May 17, 2024 03:52 PM is 80.08

The latest PB ratio of Bajaj Electricals Ltd as of May 17, 2024 03:52 PM is 0.13

The 52-week high of Bajaj Electricals Ltd share price is Rs. 1,177.30 while the 52-week low is Rs. 850.76

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

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