High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Smart Money: Smart money has been increasing their position in the stock.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Reasonably good balance sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -7.3% in past one year. In past three years, revenues have changed by -17.8%.
Insider Trading: Significant insider selling noticed recently.
Past Returns: Underperforming stock! In past three years, the stock has provided -34.2% return compared to 7.6% by NIFTY 50.
Valuation | |
|---|---|
| Market Cap | 3.82 kCr |
| Price/Earnings (Trailing) | -42.07 |
| Price/Sales (Trailing) | 0.84 |
| EV/EBITDA | 30.2 |
| Price/Free Cashflow | 6.51 |
| MarketCap/EBT | -48.61 |
| Enterprise Value | 3.6 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 4.52 kCr |
| Rev. Growth (Yr) | -2.6% |
| Earnings (TTM) | -90.86 Cr |
| Earnings Growth (Yr) | -214.4% |
Profitability | |
|---|---|
| Operating Margin | 0.00% |
| EBT Margin | -2% |
| Return on Equity | -5.7% |
| Return on Assets | -2.13% |
| Free Cashflow Yield | 15.37% |
Growth & Returns | |
|---|---|
| Price Change 1W | -0.50% |
| Price Change 1M | 5.8% |
| Price Change 6M | -24.4% |
| Price Change 1Y | -50.6% |
| 3Y Cumulative Return | -34.2% |
| 5Y Cumulative Return | -19.6% |
| 7Y Cumulative Return | -3.9% |
| 10Y Cumulative Return | 4.2% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -379.78 Cr |
| Cash Flow from Operations (TTM) | 619.27 Cr |
| Cash Flow from Financing (TTM) | -136.97 Cr |
| Cash & Equivalents | 222.31 Cr |
| Free Cash Flow (TTM) | 587.21 Cr |
| Free Cash Flow/Share (TTM) | 50.89 |
Balance Sheet | |
|---|---|
| Total Assets | 4.26 kCr |
| Total Liabilities | 2.67 kCr |
| Shareholder Equity | 1.59 kCr |
| Current Assets | 2.71 kCr |
| Current Liabilities | 2.45 kCr |
| Net PPE | 273.7 Cr |
| Inventory | 533.52 Cr |
| Goodwill | 163.57 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | -2.4 |
| Interest/Cashflow Ops | 12.02 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 3 |
| Dividend Yield | 0.76% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.30% |
Smart Money: Smart money has been increasing their position in the stock.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Reasonably good balance sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -7.3% in past one year. In past three years, revenues have changed by -17.8%.
Insider Trading: Significant insider selling noticed recently.
Past Returns: Underperforming stock! In past three years, the stock has provided -34.2% return compared to 7.6% by NIFTY 50.
Investor Care | |
|---|---|
| Dividend Yield | 0.76% |
| Dividend/Share (TTM) | 3 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | -7.87 |
Financial Health | |
|---|---|
| Current Ratio | 1.11 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 55.09 |
| RSI (5d) | 67.55 |
| RSI (21d) | 66.95 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Summary of Bajaj Electricals's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
**Outlook & Major Points from Management (Bajaj Electricals Q4FY24 Earnings Call):
Outlook:
Major Points:
FY25 Focus: Margin recovery via pricing, logistics fixes, and operating leverage; growth in fans, coolers, lighting, and Morphy Richards. Cautious optimism on rural demand revival and festive uptick.
1. What were the volume/value splits between premium and non-premium fans, and why did operating deleverage occur despite fan growth?
Anuj Poddar clarified fans contribute 40% (not 60%) to Consumer Products (CP). Non-premium (70% of fans) grew faster in Q4. Discounting (5"“6% impact) due to weak demand and old-product clearance, along with logistics inefficiencies, hurt margins. A 6% price hike was implemented on May 16 to address this.
2. How did lighting EBIT margins improve despite revenue contraction? What are the splits between consumer/professional lighting?
Consumer lighting (35% of lighting revenue) faced LED price erosion, while professional lighting (65%) had a high base effect. Margins improved due to gross margin expansion, with professional lighting's solution-based model supporting stability. Prices were not hiked, but LED pricing is expected to stabilize by Q1FY25.
3. What is the growth outlook for fans and appliances, and how is Morphy Richards performing?
Fans grew in single digits in Q4, with new launches (e.g., BLDC fans) driving April momentum. Kitchen appliances remained weak, but coolers and Morphy Richards (high single-digit growth) improved. April saw double-digit CP growth, with festivals likely to boost appliances later.
4. Why were discounts high despite weak growth, and what is the path to margin recovery?
Discounts (5"“6%) were used to clear outdated inventory and counter weak demand. Price hikes (May 16) and reduced discounting are expected to improve margins. Logistics optimization (targeting 2"“2.5% savings) and premiumization via new launches will aid recovery.
5. What drove employee cost reduction, and how will other expenses trend?
Employee costs dropped due to variable pay adjustments. FY25 costs will normalize with July salary hikes. Other expenses are stable, offering operating leverage as sales rebound.
6. What is the strategy for balancing growth and margins?
The focus shifts to margin recovery via price hikes and reduced discounting, even at the cost of slower near-term volume growth. New product launches (e.g., Nex fans) and logistics improvements are expected to drive sustainable growth.
7. How is the rural vs. urban demand split, and what are April trends?
April saw double-digit CP growth across rural and urban markets. Rural demand improved slightly, though kitchen appliances remain sluggish. Monsoon optimism and low bases are expected to support FY25 growth.
8. What is the purpose of the Rs. 500 crore NCD raise?
The NCD approval is an enabling resolution for potential inorganic opportunities, with no immediate plans for utilization.
9. What is the CAPEX outlook, and how much is manufactured in-house?
FY24 CAPEX was Rs. 124 crore, focusing on molds/tools for new products. In-house manufacturing (20% of output) will rise to 22"“23% in FY25, emphasizing premium product control.
10. How does Bajaj view industry demand weakness amid strong GDP growth?
Weak consumption (3% private spending vs. 8% GDP growth) and high interest rates dampened demand. Recovery is expected post-monsoon, aided by infra-CAPEX trickle-down and potential fiscal stimulus.
Analysis of Bajaj Electricals's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Mar 31, 2026
| Description | Share | Value |
|---|---|---|
| Consumer Products | 74.7% | 925.8 Cr |
| Lighting Solutions | 25.3% | 313.7 Cr |
| Total | 1.2 kCr |
Understand Bajaj Electricals ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Jamnalal Sons Private Limited | 19.54% |
| Bajaj Holdings And Investment Limited | 16.58% |
| Hdfc Small Cap Fund | 8.13% |
| Icici Prudential Multicap Fund | 4.99% |
| Kiran Bajaj | 4.89% |
| Government Pension Fund Global | 3.07% |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 2.68% |
| Geetika Bajaj | 1.87% |
| Geetika Shekhar Bajaj Trust (Shekhar Bajaj as a Trustee) | 1.65% |
| Vanraj Bajaj | 1.6% |
| Shekhar Bajaj | 1.57% |
| Pooja Bajaj | 1.34% |
| Baroda Industries Private Limited | 1.22% |
| Hind Musafir Agency Limited | 1.12% |
| Manish Santoshkumar Kejriwal | 1.08% |
| Niraj Bajaj | 0.98% |
| Vanraj Bajaj Trust (Kiran Bajaj as a Trustee) | 0.87% |
| Bajaj International Private Limited | 0.8% |
| Neelima Bajaj Swamy Family Trust (Neelima Bajaj Swamy as a Trustee) | 0.7% |
| Minal Bajaj | 0.6% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Bajaj Electricals against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| POLYCAB | Polycab India | 1.43 LCr | 29.12 kCr | -0.20% | +40.20% | 53.43 | 4.93 | - | - |
| HAVELLS | Havells India | 74.57 kCr | 23.02 kCr | +3.00% | -22.10% | 44.1 | 3.24 | - | - |
| CROMPTON | Crompton Greaves Consumer Electricals | 16.85 kCr | 8.16 kCr | +1.70% | -23.00% | -69.79 | 2.06 | - | - |
| VGUARD | V-Guard Industries | 13.35 kCr | 5.99 kCr | +0.80% | -23.30% | 43.41 | 2.23 | - | - |
| ORIENTELEC | Orient Electric | 3.75 kCr | 3.34 kCr | +2.90% | -19.40% | 39.1 | 1.13 | - | - |
Comprehensive comparison against sector averages
BAJAJELEC metrics compared to Consumer
| Category | BAJAJELEC | Consumer |
|---|---|---|
| PE | -42.07 | 99.49 |
| PS | 0.84 | 2.13 |
| Growth | -7.3 % | 3.2 % |
Bajaj Electricals is a prominent household appliances company, listed under the stock ticker BAJAJELEC. With a market capitalization of Rs. 6,440.3 Crores, it operates primarily in India and has diverse business interests in consumer durables, engineering, procurement, and construction.
The company functions through two main segments: Consumer Products and Lighting Solutions. It offers a wide range of products including:
In addition to its extensive product lineup, Bajaj Electricals is involved in the generation of wind energy and operates retail outlets throughout India.
The company also has a notable export footprint, supplying products to countries such as Sri Lanka, Bangladesh, Singapore, and several nations across Africa and the Middle East.
Bajaj Electricals was originally established as Radio Lamp Works Limited in 1938 and rebranded in October 1960. As of the last twelve months, it reported a revenue of Rs. 4,812.1 Crores and distributed dividends to its investors, yielding 0.95% annually. Last year, it returned Rs. 7 dividend per share, although it has experienced a slight dilution of shareholder holdings by 0.5% over the past three years and a revenue growth of -0.1%.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
BAJAJELEC vs Consumer (2021 - 2026)