Bajaj Electricals Limited BAJAJELEC NSE
Company Overview
Bajaj Electricals Limited engages in the provision of consumer products and lighting solutions in India. It offers fans, such as ceiling, table, tower, and personal fan; home appliances comprising water heater, air cooler, room heater, and irons; kitchen appliances, including mixer grinder, juicer, stand mixer, hand blender, food processor, air fryer, and kettle; cooking essentials which consists of gas stove, pressure cooers, induction stoves, pans, and Kadhai; and grooming products which include hair dryer, straightener, trimmer, and body groomer. The company also provides consumer lighting products, such as bulbs, batons, decorative light, portable light, and outdoor light; and indoor office, stadium, tunnel, and street light. It offers its products under the Bajaj, Morphy Richards, Nirlep, and Nex brand names. The company was formerly known as Radio Lamp Works Limited and changed its name to Bajaj Electricals Limited in October 1960. The company was incorporated in 1938 and is based in Mumbai, India.
Why Investors Should Care
Trades at a P/E of 28.6, below the sector median of 30.5.
Carries low leverage with a debt-to-equity ratio of 0.10.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹4,448.28 Cr (-7.6% YoY); net profit ₹-90.86 Cr.
- Trailing 12 Months Year-on-year growth — revenue -7.6%, earnings -168.1%.
- 5-Year Trend Long-term compounding — revenue CAGR -3.0%, profit CAGR -47.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | -2.96% |
| 1 Year: | -7.63% |
Compounded Profit Growth
| 5 Years: | -47.34% |
| 1 Year: | -168.10% |
Stock Price Performance
| 1 Year: | -51.22% |
| 6 Months: | -28.25% |
| 3 Months: | -14.60% |
| 1 Month: | +3.29% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)52.13 · Neutral
P/E of 28.63 is below the sector median of 30.52 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Generates positive free cash flow.
CONS
- Revenue declined at -3.0% CAGR over 5 years.
- Earnings shrank at -47.3% CAGR over 5 years.
- Trading 51.3% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Consumer Cyclical).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BAJAJELEC Bajaj Electricals Limited NSE | 331.00 | 28.63 | ₹3,819.43 Cr | 0.87% | -1.81% | -5.70% | -2.96% | -47.34% |
| 2 | MARUTI Maruti Suzuki India Limited NIFTY50NSEAI | 13,542.00 | 29.36 | ₹4.26 L Cr | 1.01% | 17.22% | 13.70% | 16.60% | 21.11% |
| 3 | TITAN Titan Company Limited NIFTY50NSE | 4,602.10 | 80.47 | ₹4.09 L Cr | 0.33% | 38.43% | 32.31% | 29.24% | 16.00% |
| 4 | M&M Mahindra & Mahindra Limited NIFTY50NSEAI | 3,108.80 | 20.43 | ₹3.87 L Cr | 1.05% | 17.14% | 18.37% | 17.50% | 18.48% |
| 5 | BAJAJ-AUTO Bajaj Auto Limited NIFTY50NSE | 10,348.50 | 26.92 | ₹2.89 L Cr | 1.48% | 26.12% | 27.67% | 19.49% | 21.03% |
| 6 | ETERNAL Eternal Limited NSEAITECH | 290.35 | 744.49 | ₹2.80 L Cr | 0.00% | 2.87% | 1.18% | 97.70% | 45.90% |
| 7 | EICHERMOT Eicher Motors Limited NIFTY50NSEAI | 7,354.50 | 42.67 | ₹2.02 L Cr | 1.11% | 26.43% | 21.97% | 17.47% | 23.70% |
| 8 | TVSMOTOR TVS Motor Company Limited NSE | 3,644.70 | 57.37 | ₹1.73 L Cr | 0.33% | 28.82% | 31.56% | 20.21% | 31.46% |
| 9 | HYUNDAI HYUNDAI MOTOR INDIA LTD NSE | 2,035.00 | 30.44 | ₹1.65 L Cr | 1.06% | 32.62% | 27.14% | 5.50% | 4.87% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,292.00 Cr | 1,112.00 Cr | 1,113.00 Cr | 1,228.00 Cr | 1,188.00 Cr | 1,155.00 Cr | - | 1,286.31 Cr | 1,262.73 Cr | 1,059.23 Cr | 1,107.00 Cr | 1,048.30 Cr | 1,238.05 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 888.02 Cr | 871.95 Cr | 734.41 Cr | - | 731.51 Cr | 875.73 Cr |
| Gross Profit | - | - | - | - | - | - | - | 398.29 Cr | 390.78 Cr | 324.82 Cr | - | 316.79 Cr | 362.32 Cr |
| Operating Expenses | 1,197.00 Cr | 1,045.00 Cr | 1,038.00 Cr | 1,171.00 Cr | 1,138.00 Cr | 1,080.00 Cr | - | 346.95 Cr | 339.01 Cr | 328.65 Cr | 1,050.00 Cr | 338.88 Cr | 351.75 Cr |
| Operating Income | 73.00 Cr | 45.00 Cr | 48.00 Cr | 28.00 Cr | 20.00 Cr | 43.00 Cr | - | 51.34 Cr | 51.77 Cr | -3.83 Cr | 20.00 Cr | -22.09 Cr | 10.57 Cr |
| EBITDA | 95.00 Cr | 68.00 Cr | 75.00 Cr | 58.00 Cr | 50.00 Cr | 75.00 Cr | - | 100.21 Cr | 130.56 Cr | 56.27 Cr | 57.00 Cr | -6.28 Cr | -6.20 Cr |
| Interest Expense | 12.00 Cr | 12.00 Cr | 14.00 Cr | 20.00 Cr | 18.00 Cr | 16.00 Cr | - | 18.71 Cr | 18.07 Cr | 17.58 Cr | 13.00 Cr | 12.78 Cr | 13.15 Cr |
| Pretax Income | 80.00 Cr | 53.00 Cr | 41.00 Cr | 50.00 Cr | 24.00 Cr | 38.00 Cr | - | 45.42 Cr | 71.25 Cr | 1.52 Cr | 16.00 Cr | -54.06 Cr | -51.94 Cr |
| Tax Provision | 28.00 Cr | 15.37 Cr | 13.53 Cr | 13.00 Cr | -4.80 Cr | 10.26 Cr | - | 12.06 Cr | 12.20 Cr | 61.00 L | 5.76 Cr | -19.96 Cr | 15.59 Cr |
| Net Income | 52.00 Cr | 37.00 Cr | 27.00 Cr | 37.00 Cr | 29.00 Cr | 28.00 Cr | - | 33.36 Cr | 59.05 Cr | 91.00 L | 10.00 Cr | -34.10 Cr | -67.53 Cr |
| Diluted EPS | 4.52 | 3.23 | 2.37 | 3.25 | 2.54 | 2.44 | - | 2.89 | 5.11 | 0.08 | 0.85 | -2.95 | -5.85 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,590.00 Cr | 4,254.00 Cr | 4,697.00 Cr | 6,662.00 Cr | 4,985.00 Cr | 4,584.00 Cr | - | 4,867.77 Cr | 4,622.35 Cr | 4,815.91 Cr | 4,448.28 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 3,423.47 Cr | 3,331.17 Cr | 3,334.13 Cr | 3,097.10 Cr |
| Gross Profit | - | - | - | - | - | - | - | 1,444.30 Cr | 1,291.17 Cr | 1,481.78 Cr | 1,351.18 Cr |
| Operating Expenses | 4,326.00 Cr | 4,011.00 Cr | 4,414.00 Cr | 6,325.00 Cr | 4,780.00 Cr | 4,281.00 Cr | - | 1,129.89 Cr | 1,130.59 Cr | 1,318.40 Cr | 1,341.39 Cr |
| Operating Income | 237.00 Cr | 213.00 Cr | 249.00 Cr | 294.00 Cr | 131.00 Cr | 228.00 Cr | - | 314.42 Cr | 160.58 Cr | 163.38 Cr | 9.79 Cr |
| EBITDA | 264.00 Cr | 243.00 Cr | 283.00 Cr | 338.00 Cr | 205.00 Cr | 303.00 Cr | - | 418.94 Cr | 342.38 Cr | 383.60 Cr | 108.74 Cr |
| Interest Expense | 108.00 Cr | 80.00 Cr | 59.00 Cr | 118.00 Cr | 171.00 Cr | 76.00 Cr | - | 42.77 Cr | 59.70 Cr | 69.85 Cr | 56.20 Cr |
| Pretax Income | 174.00 Cr | 163.00 Cr | 164.00 Cr | 241.00 Cr | 7.00 Cr | 246.00 Cr | - | 302.39 Cr | 173.10 Cr | 169.68 Cr | -88.98 Cr |
| Tax Provision | 66.12 Cr | 60.31 Cr | 80.36 Cr | 86.76 Cr | 17.08 Cr | 56.58 Cr | - | 86.95 Cr | 37.22 Cr | 36.26 Cr | 1.88 Cr |
| Net Income | 108.00 Cr | 102.00 Cr | 84.00 Cr | 154.00 Cr | -10.00 Cr | 189.00 Cr | - | 216.18 Cr | 131.08 Cr | 133.42 Cr | -90.86 Cr |
| Diluted EPS | 9.62 | 9.08 | 7.39 | 13.76 | -0.82 | 16.64 | 11.67 | 18.77 | 11.37 | 11.56 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 2,957.00 Cr | 3,078.00 Cr | 3,466.00 Cr | 5,179.00 Cr | 4,567.00 Cr | 4,268.00 Cr | - | 4,992.73 Cr | 3,833.16 Cr | 4,219.15 Cr | 4,260.14 Cr |
| Current Assets | - | - | - | - | - | - | - | 3,882.35 Cr | 2,612.12 Cr | 2,888.72 Cr | 2,729.45 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | 341.52 Cr | 114.02 Cr | 119.79 Cr | 222.31 Cr |
| Inventory | - | - | - | - | - | - | - | 975.60 Cr | 756.64 Cr | 717.36 Cr | 533.52 Cr |
| Receivables | - | - | - | - | - | - | - | 1,111.30 Cr | 1,163.17 Cr | 1,286.39 Cr | 1,141.49 Cr |
| Total Liabilities | - | - | - | - | - | - | - | 3,085.52 Cr | 2,391.94 Cr | 2,494.04 Cr | 2,665.96 Cr |
| Current Liabilities | - | - | - | - | - | - | - | 2,942.58 Cr | 2,157.56 Cr | 2,246.60 Cr | 2,450.14 Cr |
| Long Term Debt | - | - | - | - | - | - | 11.83 Cr | 0 | - | - | - |
| Total Debt | 899.00 Cr | 647.00 Cr | 723.00 Cr | 1,590.00 Cr | 1,084.00 Cr | 548.00 Cr | - | 100.68 Cr | 214.90 Cr | 243.29 Cr | 158.89 Cr |
| Total Equity | 754.00 Cr | 863.00 Cr | 936.00 Cr | 1,055.00 Cr | 1,349.00 Cr | 1,578.00 Cr | - | 1,907.22 Cr | 1,441.22 Cr | 1,725.11 Cr | 1,594.18 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | 11.51 Cr | 11.52 Cr | 11.53 Cr | 11.54 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 305.00 Cr | 437.00 Cr | -103.00 Cr | -621.00 Cr | 626.00 Cr | 658.00 Cr | - | 449.39 Cr | 353.79 Cr | 346.80 Cr | 619.27 Cr |
| Investing Cash Flow | -53.00 Cr | -90.00 Cr | 36.00 Cr | -103.00 Cr | -41.00 Cr | -110.00 Cr | - | -88.02 Cr | -210.23 Cr | -194.96 Cr | -379.78 Cr |
| Financing Cash Flow | -239.00 Cr | -368.00 Cr | 64.00 Cr | 713.00 Cr | -495.00 Cr | -604.00 Cr | - | -138.67 Cr | -132.63 Cr | -146.07 Cr | -136.97 Cr |
| Capital Expenditure | -50.00 Cr | -48.00 Cr | -35.00 Cr | -56.00 Cr | -29.00 Cr | -20.00 Cr | - | -81.19 Cr | -131.17 Cr | -53.95 Cr | -86.78 Cr |
| Free Cash Flow | 255.00 Cr | 389.00 Cr | -138.00 Cr | -677.00 Cr | 597.00 Cr | 638.00 Cr | - | 368.19 Cr | 222.62 Cr | 292.85 Cr | 532.49 Cr |
| Net Change in Cash | 13.00 Cr | -22.00 Cr | -3.00 Cr | -11.00 Cr | 90.00 Cr | -56.00 Cr | - | 222.70 Cr | 10.93 Cr | 5.77 Cr | 102.52 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | 29.7% | 27.9% | 30.8% | 30.4% |
| Operating Margin % | 5.2% | 5.0% | 5.3% | 4.4% | 2.6% | 5.0% | - | 6.5% | 3.5% | 3.4% | 0.2% |
| Net Margin % | 2.4% | 2.4% | 1.8% | 2.3% | -0.2% | 4.1% | - | 4.4% | 2.8% | 2.8% | -2.0% |
| ROE % | 14.3% | 11.8% | 9.0% | 14.6% | -0.7% | 12.0% | - | 11.3% | 9.1% | 7.7% | -5.7% |
| ROCE % | - | - | - | - | - | - | - | 15.3% | 9.6% | 8.3% | 0.5% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for BAJAJELEC
Dividend Investors: Don't Be Too Quick To Buy Bajaj Electricals Limited (NSE:BAJAJELEC) For Its Upcoming Dividend - simplywall.st
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BAJAJELEC — Frequently Asked Questions
What is the current share price of Bajaj Electricals Limited (BAJAJELEC)?
As of 2026-07-16 05:21 IST, Bajaj Electricals Limited (BAJAJELEC) trades at ₹331.00 on NSE. Its 52-week range is ₹303.75 to ₹679.55.
What is the market capitalisation of BAJAJELEC?
Bajaj Electricals Limited (BAJAJELEC) has a market capitalisation of ₹3,819.43 Cr on NSE.
What is the P/E ratio of BAJAJELEC?
BAJAJELEC trades at a trailing price-to-earnings (P/E) ratio of 28.63. The industry average P/E is 30.52. Its price-to-book (P/B) ratio is 2.52.
Does BAJAJELEC pay a dividend?
Bajaj Electricals Limited (BAJAJELEC) currently offers a dividend yield of 0.87%.
What is the return on equity (ROE) of BAJAJELEC?
BAJAJELEC has a return on equity (ROE) of -5.70%. Its return on capital employed (ROCE) is -1.81%.
Is BAJAJELEC a good stock to buy?
This page provides a data-driven analysis of Bajaj Electricals Limited (BAJAJELEC), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.