Bajaj Electricals

Bajaj Electricals Ltd.

NSE: BAJAJELEC BSE: 500031 SECTOR: Consumer Durables - Domestic Appliances  88k   467   38

1103.10
-1.55 (-0.14%)
NSE: 29 Mar 4:00 PM

Price Summary

Today's High

₹ 1110.05

Today's Low

₹ 1085.05

52 Week High

₹ 1265

52 Week Low

₹ 858.55

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
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.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 12693.75 Cr.

Enterprise Value

₹ 12576.98 Cr.

No. of Shares

11.51 Cr.

P/E

57.1

P/B

6.71

Face Value

₹ 2

Div. Yield

0.27 %

Book Value (TTM)

₹  164.34

CASH

₹ 141.34 Cr.

DEBT

₹ 24.58 Cr.

Promoter Holding

62.89 %

EPS (TTM)

₹  19.32

Sales Growth

4.31%

ROE

9.12 %

ROCE

13.33%

Profit Growth

-16.41 %

Add Your Ratio

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

Your Added Ratios

Please login to Add & View your own added ratios.

Login

Brands

These are the brands of Bajaj Electricals Ltd.

Majesty Supreme Savelite Raftaar Bahaar Freshee Maxima Maxio Grace Speedster Ultima Bajaj LED Circa Calenta Flora Frio

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year4.31%
3 Year-10.59%
5 Year2.28%

Profit Growth

1 Year-16.41%
3 Year-2.78%
5 Year7.35%

ROE%

1 Year9.12%
3 Year7.17%
5 Year9.5%

ROCE %

1 Year13.33%
3 Year11.79%
5 Year13.37%

Debt/Equity

0.0139

Price to Cash Flow

13.56

Interest Cover Ratio

4.88233904825246

CFO/PAT (5 Yr. Avg.)

2.58318586480085

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 62.89 2.55
Sep 2022 62.91 2.55
Jun 2022 62.96 2.55
Mar 2022 62.98 2.55
Dec 2021 63.01 2.55
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has significantly decreased its debt by 439.1555 Cr.
  • Company is virtually debt free.
  • The company has an efficient Cash Conversion Cycle of 55.5367570322521 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.58318586480085.
  • The company has a high promoter holding of 62.89%.

 Limitations

  • The company has shown a poor profit growth of -2.78400825751368% for the Past 3 years.
  • The company has shown a poor revenue growth of -10.5857995000771% for the Past 3 years.
  • Company has a poor ROE of 7.17392747413991% over the past 3 years.
  • The company is trading at a high PE of 57.1.
  • The company is trading at a high EV/EBITDA of 30.4488.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Net Sales 1312.44 1322.37 1228.65 1220.35 1483.13
Total Expenditure 1220.48 1263.19 1157.48 1126.54 1382.64
Operating Profit 91.96 59.18 71.17 93.81 100.49
Other Income 19.2 32.02 19.78 19.83 19.4
Interest 16.09 9.79 7.23 9.66 16.7
Depreciation 15.73 14.76 15.54 17.8 17.8
Exceptional Items -9.63 -3.6 0 0 0
Profit Before Tax 69.71 63.05 68.18 86.18 85.39
Tax 18.15 18.72 17.58 22.28 21.91
Profit After Tax 51.56 44.33 50.6 63.9 63.48
Adjusted EPS (Rs) 4.49 3.86 4.4 5.56 5.52

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 4707.45 6673.14 4977.09 4573.06 4770.35
Total Expenditure 4425.4 6324.79 4770.16 4276.3 4543.22
Operating Profit 282.05 348.35 206.92 296.76 227.13
Other Income 64.59 65.43 52.63 77.47 101.25
Interest 58.86 115.88 169.16 75.55 52.93
Depreciation 33.94 38.46 68.01 69.26 56.75
Exceptional Items -89.36 0 0 11.76 -13.23
Profit Before Tax 164.47 259.44 22.39 241.18 205.48
Tax 80.85 92.37 22.52 57.54 51.98
Net Profit 83.62 167.07 -0.13 183.64 153.5
Adjusted EPS (Rs.) 8 15.92 -0.01 16.03 13.36

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 20.41 20.48 22.75 22.91 22.97
Total Reserves 924.34 1057.29 1356.51 1581.83 1761.63
Borrowings 11.47 212.62 79.91 24.58 11.83
Other N/C liabilities 5.36 20.6 123.25 59.04 107.08
Current liabilities 2437.59 3785.54 2930.81 2509.25 2104.42
Total Liabilities 3399.17 5096.53 4513.24 4197.6 4007.94
Assets
Net Block 315.83 322.29 404.21 334.83 291.68
Capital WIP 3.5 6.93 9.37 10.02 28.11
Intangible WIP 2.84 2.39 1.57 7.82 15.47
Investments 14.49 50.74 52.86 163.85 239.42
Loans & Advances 300.48 651.68 680.84 641.79 751.87
Other N/C Assets 85.62 82.24 76.22 89.37 110.46
Current Assets 2676.41 3980.26 3288.18 2949.93 2570.93
Total Assets 3399.17 5096.53 4513.24 4197.6 4007.94
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 164.47 259.44 22.39 241.18 205.48
Adjustment 202.55 133.44 201.49 103.1 64.31
Changes in Assets & Liabilities -415.48 -855.96 448.61 326.97 710.35
Tax Paid -54.41 -138.83 -45.08 -11.57 -44.31
Operating Cash Flow -102.87 -601.92 627.41 659.67 935.83
Investing Cash Flow 36.09 -126.85 -46.22 -110.46 -330.74
Financing Cash Flow 63.52 718.15 -490.78 -605.19 -532.9
Net Cash Flow -3.26 -10.62 90.41 -55.98 72.19

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 63.01 62.98 62.96 62.91 62.89
jamnalal sons priv... 19.50 19.48 19.46 19.42 19.41
bajaj holdings and... - - - - -
bajaj holdings and... 16.39 16.36 16.35 16.32 16.31
kiran bajaj 3.03 5.15 5.14 6.31 5.13
anant bajaj 4.45 4.88 4.88 4.87 4.87
madhur bajaj 2.84 0.80 0.80 0.80 0.80
niraj bajaj 1.68 2.15 2.15 2.60 2.14
shekhar bajaj (hel... 2.49 - - - -
shekhar bajaj 2.45 2.45 2.45 2.44 2.44
rahulkumar bajaj 0.12 1.36 1.36 1.36 1.36
geetika bajaj 0.01 0.60 0.60 0.59 0.59
pooja bajaj 0.13 0.13 0.13 0.13 0.13
vanraj bajaj - - - - -
neelima bajaj swam... - - - - -
baroda industries ... 0.76 0.75 0.75 0.75 0.75
hind musafir agenc... 1.23 1.23 1.23 1.23 1.23
hind musafir agenc... - - - - -
kiran bajaj (as tr... - - 1.18 - 1.18
kiran bajaj (as tr... 1.19 1.19 - - -
geetika trust no.2... - - - - -
sunaina kejriwal 0.95 0.95 0.95 0.94 0.94
neelima bajaj swamy 0.88 0.88 0.88 0.88 0.88
vanraj bajaj trust... - - - - -
bajaj internationa... 0.79 0.78 0.78 0.78 0.78
kumud bajaj 0.78 0.19 0.19 0.19 0.19
minal bajaj 0.36 0.60 0.60 0.60 0.60
hercules hoists li... 0.54 0.54 0.54 0.54 0.54
nimisha jaipuria 0.55 0.55 0.55 0.55 0.55
nimisha jaipuria f... - - - - -
shekhar holdings p... 0.47 0.47 0.47 0.47 0.47
shekhar holdings p... - - - - -
niravnayan trust (... - - - - -
niraj bajaj (as tr... 0.46 0.46 0.46 - 0.46
niravnayan bajaj f... - - - - -
kriti bajaj family... - - - - -
rahul securities p... - - - - -
rishab family trus... - - - - -
rahul securities p... 0.41 0.41 0.41 0.41 0.41
sanjivnayan bajaj - - - - -
shri sanjivnayan b... 0.01 0.01 0.01 0.01 0.01
niravnayan bajaj 0.25 0.25 0.25 0.25 0.25
sanjali family tru... - - - - -
siddhant family tr... - - - - -
nimisha bajaj fami... - - - - -
kumud neelima fami... - - - - -
kumud nimisha fami... - - - - -
madhur neelima fam... - - - - -
madhur nimisha fam... - - - - -
suman jain 0.10 0.10 0.10 0.10 0.10
bachhraj factories... 0.09 0.09 0.09 0.09 0.09
kriti bajaj 0.09 0.09 0.09 0.09 0.09
bachhraj and compa... - - - - -
bachhraj and compa... - - - - -
shefali bajaj 0.03 0.03 0.03 0.03 0.03
neelima bajaj fami... - - - - -
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 36.99 37.02 37.04 37.09 37.11
hdfc small cap fund - - - - -
smallcap world fun... - - - - -
nippon life india ... - - - - -
icici prudential f... - - - - -
aditya birla sun l... - - - - 2.05
reliance capital t... - - 1.72 1.96 2.34
reliance capital t... 1.46 2.04 - - -
caisse de depot et... 1.72 1.72 1.71 1.71 1.71
caisse de depot et... - - - - -
msd india fund,ltd - - - 1.85 -
msd india fund ltd 1.48 1.46 1.82 - -
principal trustee ... - - - - 1.37
birla sun life ins... 1.33 - - - -
aditya birla sun l... - 1.29 - - -
principal trustee ... 1.07 1.28 - - -
icici prudential m... - - - - -
principal trustee ... - - 1.18 1.05 -
uti - focussed equ... 1.06 1.09 - - -
long term india fu... 1.08 1.08 1.07 1.07 1.07
iepf - - 0.22 0.22 0.22
llp - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Bajaj Electricals’ EPC Business segment bags order worth Rs 564.87 crore 6 Mar 2023, 12:46PM Bajaj Electricals reports 27% rise in Q3 consolidated net profit2 Feb 2023, 3:44PM Bajaj Electricals - Quaterly Results2 Feb 2023, 12:59PM Bajaj Electricals - Quaterly Results2 Feb 2023, 12:59PM Bajaj Electricals - Quaterly Results2 Feb 2023, 12:59PM Bajaj Electricals informs about loss of share certificate30 Jan 2023, 12:25PM Bajaj Electricals reports marginal fall in Q2 consolidated net profit9 Nov 2022, 11:50AM Bajaj Electricals - Quaterly Results8 Nov 2022, 1:13PM Bajaj Electricals - Quaterly Results8 Nov 2022, 1:13PM Bajaj Electricals - Quaterly Results8 Nov 2022, 1:13PM Bajaj Electricals bags order worth Rs 332.65 crore 30 Sep 2022, 11:00AM Bajaj Electricals informs about investor meet22 Sep 2022, 4:25PM Bajaj Electricals informs about loss of share certificate12 Sep 2022, 10:29AM Bajaj Electricals gets nod to permanently close Parwanoo unit16 Aug 2022, 2:18PM Bajaj Electricals turns black in Q116 Aug 2022, 12:28PM Bajaj Electricals - Quaterly Results12 Aug 2022, 1:15PM Bajaj Electricals - Quaterly Results12 Aug 2022, 1:15PM Bajaj Electricals informs about annual report19 Jul 2022, 12:50PM Bajaj Electricals informs about corporate presentation4 Jul 2022, 2:57PM Bajaj Electricals informs about loss of share certificate4 Jul 2022, 1:01PM Bajaj Electricals forms unified lighting business segment29 Jun 2022, 3:30PM Bajaj Electricals board recommends dividend 18 May 2022, 10:36AM Bajaj Electricals reports 29% fall in Q4 consolidated net profit17 May 2022, 3:27PM Bajaj Electricals - Quaterly Results17 May 2022, 12:55PM Bajaj Electricals - Quaterly Results17 May 2022, 12:55PM Bajaj Electricals - Quaterly Results17 May 2022, 12:55PM Bajaj Electricals informs about disclosure21 Apr 2022, 12:20PM Bajaj Electricals enters into partnership with wtec19 Apr 2022, 6:02PM Bajaj Electricals informs about investor meet29 Mar 2022, 10:12AM Bajaj Electricals completes acquisition of Nirlep Appliances 23 Mar 2022, 4:55PM Bajaj Electricals extends trademark agreement with Morphy Richards23 Mar 2022, 2:06PM Bajaj Electricals informs about loss of share certificate21 Mar 2022, 12:29PM Bajaj Electricals informs about allotment of equity shares 17 Mar 2022, 5:12PM Bajaj Electricals informs about credit rating15 Mar 2022, 4:29PM Bajaj Electricals informs about analyst meet14 Mar 2022, 10:30AM Bajaj Electricals informs about analyst meet5 Mar 2022, 12:14PM Bajaj Electricals informs about analyst meet3 Mar 2022, 10:40AM Bajaj Electricals informs about analyst meet22 Feb 2022, 4:47PM Bajaj Electricals reports 51% fall in Q3 consolidated net profit8 Feb 2022, 3:43PM Bajaj Electricals - Quaterly Results8 Feb 2022, 12:24PM Bajaj Electricals - Quaterly Results8 Feb 2022, 12:24PM Bajaj Electricals - Quaterly Results8 Feb 2022, 12:24PM Bajaj Electricals informs about loss of share certificate4 Feb 2022, 4:56PM Bajaj Electricals informs about conference call 4 Feb 2022, 3:23PM Bajaj Electricals incorporates wholly owned subsidiary company20 Jan 2022, 9:58AM Bajaj Electricals informs about credit rating14 Jan 2022, 10:19AM Bajaj Electricals gets nod for permanent closure of Shikohabad unit4 Jan 2022, 11:28AM Bajaj Electricals’ board approves review of corporate structure10 Dec 2021, 11:58AM Bajaj Electricals launches new range of water heaters with advanced features23 Nov 2021, 5:44PM Bajaj Electricals informs about conference call transcript18 Nov 2021, 12:14PM

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 4770.3457 Cr. It has increased from the previous year sales of Rs 4573.0634 Cr. The sales growth of the company was poor at 4.31400754251516 %.
  • The sales figure can be matched with inventory turnover to check whether it's justifiable or not. The turnover ratio for Bajaj Electricals is 4.97885829380107 times. Bajaj Electricals poorly manages its assets.
  • The PAT growth rate of -16.4139816271965 % is poor for the company. The net profit compared to the % of sales is known as PAT margin which is 3.21775841109377 %.
  • The growth of EPS should ideally be around the PAT growth rate. For Bajaj Electricals EPS growth rate is -16.6595980889892 % which is quite far from the PAT growth rate . The Earning per share for the latest quarter is 5.5186 Rs.
  • Company’s assets have given an average return of 2.65165798313834 % for the 3 years and equity gave an average return of 7.17392747413991 % for the 3 years.
  • Bajaj Electricals has a Debt to equity ratio of 0.0139 which is an indicative measure of financial risk when compared to its peers.
Brief about Bajaj Electricals

X