Bajaj Electricals Ltd.

NSE: BAJAJELEC  SECTOR: Consumer Durables - Domestic Appliances

707
-34.65 (-4.67%)

Price Summary

Today's High

₹ 754

Today's Low

₹ 700

52 Week High

₹ 858.95

52 Week Low

₹ 260

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

8089.4938586 Cr.

Enterprise Value

8941.9641586 Cr.

No. of Shares

11.4419998 Cr.

P/E

191.47

P/B

5.6

Face Value

₹ 2

Div. Yield

0%

Book Value (TTM)

₹  126.3227

CASH

104.6819 Cr.

DEBT

957.1522 Cr.

Promoter Holding

63.12%

EPS (TTM)

₹  3.6925

Sales Growth

-25.416155169726%

ROE

-0.0108081010166514 %

ROCE

7.66736016668018 %

Profit Growth

-0.00264411756775421 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

Sales Growth (in Cr.)

1 Year-25.42%
3 Year5.31%
5 Year3.15%

Profit Growth (in Cr.)

1 Year-100.08%
3 Year-110.69%
5 Year14.76%

ROE%

1 Year-0.01%
3 Year8.66%
5 Year10.97%

ROCE %

1 Year7.67%
3 Year13.04%
5 Year15.11%

Debt/Equity

0.700362733134497

Price to Cash Flow

12.89

Interest Cover Ratio

1.13236652945548

CFO/PAT (5 Yr. Avg.)

NA

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2020 63.12 0
Jun 2020 63.17 0
Mar 2020 63.17 0
Dec 2019 62.67 0
Sep 2019 62.68 0
* Figures given above are % of equity capital

 Strengths

  • The company has significantly decreased its debt by 625.053 Cr.
  • The company has a high promoter holding of 63.12%.

 Limitations

  • The company has shown a poor profit growth of -110.692172606963% for the Past 3 years.
  • The company has shown a poor revenue growth of 5.30855896191784% for the Past 3 years.
  • The company is trading at a high EV/EBITDA of 38.6813.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
Net Sales 1091.84 1281.5 1299.6 607.74 1214.17
Total Expenditure 1068.04 1213.14 1266.15 628.52 1111.03
Operating Profit 23.8 68.36 33.45 -20.78 103.14
Other Income 11.61 10.04 19.41 7.79 9.76
Interest 44.57 39.37 35.76 26.87 21.63
Depreciation 16.72 17.02 18.15 17.24 17.67
Exceptional Items 0 0 0 14.71 0
Profit Before Tax -25.88 22.01 -1.05 -42.39 73.6
Tax 7.11 6.55 -1.05 -15.22 19.64
Profit After Tax -32.99 15.46 0 -27.17 53.96
Adjusted EPS (Rs) -0.31 0.15 0 -0.24 0.47

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 4590.29 4261.71 4707.45 6673.14 4977.09
Total Expenditure 4326.05 4027.66 4425.4 6324.79 4769.88
Operating Profit 264.24 234.05 282.05 348.35 207.2
Other Income 48.08 44.3 64.59 65.43 52.35
Interest 108.08 80.44 58.86 115.88 169.16
Depreciation 27.38 29.87 33.94 38.46 68.01
Exceptional Items 0 0 -89.36 0 0
Profit Before Tax 176.87 168.04 164.47 259.44 22.39
Tax 66.52 60.38 80.85 92.37 22.52
Net Profit 110.35 107.66 83.62 167.07 -0.13
Adjusted EPS (Rs.) 10.66 10.37 8 15.92 -0.01

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 20.19 20.26 20.41 20.48 22.75
Total Reserves 736.15 851.24 924.34 1057.29 1356.51
Borrowings 95.85 16.95 11.47 212.62 79.91
Other N/C liabilities 54.91 32.47 5.36 20.6 123.25
Current liabilities 2003.21 2109.85 2437.59 3785.54 2930.81
Total Liabilities 2910.3 3030.77 3399.17 5096.53 4513.24
Assets
Net Block 276.45 310.06 315.83 322.29 404.21
Capital WIP 20.67 7.85 3.5 6.93 9.37
Investments 79.68 80.34 14.49 50.74 52.86
Loans & Advances 382.03 406.18 300.48 651.68 680.84
Other N/C Assets 68.95 101.15 88.45 84.63 77.78
Current Assets 2082.52 2125.19 2676.41 3980.26 3288.18
Total Assets 2910.3 3030.77 3399.17 5096.53 4513.24
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 176.87 168.04 164.47 259.44 22.39
Adjustment 137.96 128.85 202.55 133.44 201.49
Working Capital Changes 46.66 183.79 -415.48 -855.96 448.61
Tax Paid -56.64 -43.73 -54.41 -138.83 -45.08
Operating Cash Flow 304.85 436.95 -102.87 -601.92 627.41
Investing Cash Flow -52.85 -90.5 36.09 -126.85 -46.22
Financing Cash Flow -238.85 -367.94 63.52 718.15 -490.78
Net Cash Flow 13.15 -21.5 -3.26 -10.62 90.41

Corporate Actions

Ratings & Research Reports

Company Presentations

Company News

Bajaj Electricals Stock Price Analysis and Quick Research Report. Is Bajaj Electricals an attractive stock to invest in?

 

The Consumer Durable sector in India has attracted significant investments over the years which resulted in increasing demand and also facilitated by the rise in disposable income. Indian Appliance and Consumer Electronics Industry’s market size was 21.49 billion USD in FY17 and is expected to be at 48.37 billion USD by FY22. The unorganized markets will provide scope for the rural markets to grow in fast paces because of the increase in the shift to organized markets.

The key growth drivers for the consumer durables sector are modernization, changing lifestyles, increasing awareness, rising incomes, convenient shopping options, etc. the relaxation by the government for FDI will also boost the sector.

Bajaj Electricals is India’s famous brand in the consumer durable segment nationally and globally. Let's study some key parameters of the company:

  • The net sales of the company is Rs 4977.0858 Cr. It has decreased from the previous year sales of Rs 6673.1419 Cr. The sales growth of the company was poor at -25.416155169726 %.
  • The sales figure can be matched with inventory turnover to check whether it's justifiable or not. The turnover ratio for Bajaj Electricals is 6.58431907348573 times. Bajaj Electricals efficiently manages its assets.
  • The PAT growth rate of -100.078770886855 % is poor for the company. The net profit compared to the % of sales is known as PAT margin which is -0.00264411756775421 %.
  • The growth of EPS should ideally be around the PAT growth rate. For Bajaj Electricals EPS growth rate is -100.071099342944 % which is quite far from the PAT growth rate . The Earning per share for the latest quarter is 4.7396 Rs.
  • Company’s assets have given an average return of 2.17707988419051 % for the 3 years and equity gave an average return of 8.66218288593035 % for the 3 years.
  • Bajaj Electricals has a Debt to equity ratio of 0.700362733134497 which is an indicative measure of financial risk when compared to its peers.
Brief about Bajaj Electricals

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