MarketFriction

Bajaj Electricals Ltd

NSE BAJAJELEC · BSE 500031 · Household Appliances
₹299.80 -1.19%
NSE close2026-10-01
52 week range301.00 - 560.95
Market cap₹3,574 Cr.
Price band 20% Delivery 48.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,1131,2281,1881,1551,1181,2901,2651,0651,1071,0511,2401,089
Expenses1,0381,1711,1381,0801,0671,2021,1721,0321,0501,0431,2001,012
Operating Profit75585075528793335784077
OPM %7%4.7%4.2%7%4.6%7%7%3.1%5%0.8%3.2%7%
Other Income6432211151338248-14-4635
Interest142018161719181813131316
Depreciation273030323536413737353331
Profit before tax41502438154571216-54-5266
Tax %33%26%-20%27%12%27%17%40%36%-37%30%26%
Net Profit27372928133359110-34-6848
EPS in Rs2.373.252.542.441.122.895.120.080.85-2.96-5.854.19
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,5904,2544,6976,6624,9854,5844,8114,8894,6394,8264,4614,487
Expenses4,3264,0114,4146,3254,7804,2814,5604,5154,3794,5194,3234,305
Operating Profit264243283338205303250375260307138182
OPM %6%6%6%5%4.1%7%5%8%6%6%3.1%4.1%
Other Income4630-2665469555468276-29-18
Interest108805911817176704463705654
Depreciation2730344474756974110144142135
Profit before tax1741631642417246166303168170-89-25
Tax %38%37%49%36%244%23%25%29%22%21%2%
Net Profit10810284154-10189124216131133-91-43
EPS in Rs9.629.087.3913.76-0.8216.6411.1918.7811.3811.57-7.87-3.77
Dividend Payout %26%28%43%23%0%0%27%21%26%26%-38%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth0%-1%-3%-5%
Compounded Profit Growth%%%-143%
Stock Price CAGR3%-24%-35%-44%
Return on Equity8%7%4%-1%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2020202023232323232323
Reserves7348439161,0351,3261,5551,7091,8841,4181,7021,571
Borrowings8996477231,5901,08454891101215243159
Other Liabilities1,3051,5691,8062,5332,1352,1422,1692,9852,1772,2512,507
Total Liabilities2,9573,0783,4665,1794,5674,2683,9924,9933,8334,2194,260
Fixed Assets276310316393469531754770916950908
CWIP218691118444263132
Investments777281113554735233402
Other Assets2,5832,6883,1364,7664,0753,7143,1894,1342,8193,0232,948
Total Assets2,9573,0783,4665,1794,5674,2683,9924,9933,8334,2194,260
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity305437-103-621626658914449354347619
Cash from Investing Activity-53-9036-103-41-110-70-88-449-195-380
Cash from Financing Activity-239-36864713-495-604-771-139-133-146-137
Net Cash Flow13-22-3-1190-5673223-2276103
Free Cash Flow255389-138-677597638871378223318534
CFO/OP137%198%-17%-143%327%221%383%126%137%114%455%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1121151361441501208683929793
Inventory Days6076686477120111106857964
Days Payable668410085100117137195206212237
Cash Conversion Cycle10610710412312712460-6-30-35-79
Working Capital Days2-4169172924391235-20
ROCE %15%19%17%7%12%12%18%13%12%3%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters62.85%62.85%62.80%62.78%62.76%62.72%62.72%62.72%62.71%62.70%62.70%62.70%
FIIs10.49%10.41%10.18%7.93%8.23%7.82%7.79%7.89%7.75%6.48%6.50%5.37%
DIIs12.06%12.11%12.61%14.75%15.59%15.91%15.79%15.57%15.87%17.08%16.88%16.82%
Public14.60%14.62%14.41%14.53%13.41%13.54%13.70%13.83%13.68%13.74%13.94%15.12%
No. of Shareholders63,10165,60063,09459,46061,77465,27968,26368,57377,02977,07181,28784,855

Fundamentals

Market Cap₹ 3,574 Cr.
Current Price₹ 310
Book Value₹ 138
ROCE2.89 %
ROE-0.72 %
Dividend Yield0.97 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-5%
Compounded Profit Growth (TTM)-143%
Consolidated figures.
Valuation
Market capRs 3,459 Cr
Enterprise valueRs 3,361 Cr
Price to book2.17x
Price to sales0.77x
EV / EBITDA20.44x
EV / EBIT113.84x
EV / sales0.75x
Price to cash flow5.59x
Earnings yield-1.25%
Dividend yield1.00%
P/E, 3-year average63.40x
P/B, 3-year average4.45x
P/E, 5-year average66.70x
P/B, 5-year average5.15x
Profitability
Operating margin (excl. other income)3.09%
Operating margin (incl. other income)2.44%
EBITDA margin3.66%
Pre-tax margin-0.55%
Net profit margin-0.97%
Net margin, latest quarter4.44%
ROE-5.47%
ROCE-1.76%
ROA-2.14%
ROE, 3-year average3.59%
ROCE, 3-year average8.04%
ROA, 3-year average1.38%
ROE, 5-year average6.09%
ROCE, 5-year average10.83%
ROA, 5-year average2.41%
ROIC (approx.)2.02%
Tax rate-2.11%
Other income / net worth-1.82%
Growth
Sales growth (latest year)-7.57%
Profit growth (latest year)-168.10%
Sales CAGR, 3 years-3.01%
Sales CAGR, 5 years-0.54%
Sales growth QoQ-12.11%
Sales growth YoY (latest quarter)2.33%
Profit growth YoY (latest quarter)5216.48%
Per share
EPS (TTM)Rs -3.76
EPS (latest year)Rs -7.87
EPS (latest quarter)Rs 4.19
EPS, 3-year averageRs 5.02
EPS, 5-year averageRs 9.01
Book value per shareRs 138.16
Sales per shareRs 388.85
Cash flow per shareRs 53.67
Free cash flow per shareRs 46.28
Dividend per share (latest year)Rs 3.00
Dividend per share, 3-year averageRs 3.00
Dividend per share, 5-year averageRs 3.20
Dividends
Dividend payout, 3-year average26.15%
Dividend payout, 5-year average25.10%
Efficiency
Asset turnover1.05x
Fixed asset turnover4.91x
Inventory turnover5.98x
Inventory days61 days
Debtor days93 days
Debtors turnover3.91x
Creditor days237 days
Cash conversion cycle-79 days
Working capital days-20 days
Leverage
Total debtRs 159 Cr
Cash and bankRs 258 Cr
Net debtRs -99 Cr
Debt to equity0.10x
Net debt / EBITDA-0.60x
Interest coverage0.54x
Current ratio (filing 2026-03-31)1.11x
Quick ratio (filing 2026-03-31)0.89x
Trade payables (filing 2026-03-31)Rs 467 Cr
Owners' fund to total sources37.42%
Debt to assets3.73%
Cash flow
Cash from Operating Activity (latest year)Rs 619 Cr
Cash from Investing Activity (latest year)Rs -380 Cr
Cash from Financing Activity (latest year)Rs -137 Cr
Net Cash Flow (latest year)Rs 103 Cr
Free cash flow (latest year)Rs 534 Cr
FCFE (approx.: FCF + change in debt)Rs 450 Cr
Cash from ops / profit, 5 years5.23x
Sales to cash flow7.20x
Statement figures
Net sales (TTM)Rs 4,487 Cr
Net sales (latest year)Rs 4,461 Cr
Sales (latest quarter)Rs 1,089 Cr
Operating profit excl. other income (latest year)Rs 138 Cr
Operating profit (latest quarter)Rs 77 Cr
Other income (TTM)Rs -18 Cr
EBITDA (TTM)Rs 164 Cr
PBDT (TTM)Rs 110 Cr
Profit before tax (TTM)Rs -25 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs -43 Cr
Net profit (latest year)Rs -91 Cr
Net profit (latest quarter)Rs 48 Cr
Depreciation (TTM)Rs 135 Cr
Depreciation (latest quarter)Rs 31 Cr
Interest (TTM)Rs 54 Cr
Cost of goods sold (latest year)Rs 3,189 Cr
Total expenditure (latest year)Rs 4,323 Cr
Total income (latest year)Rs 4,432 Cr
Share capitalRs 23 Cr
ReservesRs 1,571 Cr
Shareholders' fundsRs 1,594 Cr
Total assetsRs 4,260 Cr
Net blockRs 908 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 402 Cr
ReceivablesRs 1,141 Cr
InventoryRs 534 Cr
Other liabilitiesRs 2,507 Cr
Shares outstanding (crore)11.54
Ownership
Promoter holding62.70% (-0.02 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 2.17 is at the 1th percentile (median 6.14).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBAJAJELECNifty 50Difference
1 week-6.7%-2.8% -4.0 pts
1 month-8.0%-6.8% -1.2 pts
3 months-8.9%-7.6% -1.2 pts
6 months-11.2%+0.4% -11.6 pts
1 year-46.9%-9.9% -37.0 pts
2 years-69.4%-13.6% -55.9 pts
3 years-72.8%+14.2% -87.0 pts
5 years-77.1%+27.9% -105.0 pts
25 mutual fund schemes hold about ₹695 Cr. Over three months 13 bought more and 6 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Small Cap Fund0.48%203 +8%
Nippon India Small Cap Fund0.12%100 +6%
ICICI Pru Multi Cap Fund0.48%94 +4%
ICICI Pru Multi Cap Fund0.48%91 +4%
Tata Flexi Cap Fund1.28%47 +39%
ICICI Pru Manufacturing Fund0.59%42 +6%
HDFC Manufacturing Fund0.35%37 +7%
HDFC Retirement Fund-Equity Plan0.30%21 -1%
HDFC ELSS-Tax Saver Fund0.13%20 -22%
ICICI Pru Housing Opp Fund0.57%16 +9%
ICICI Pru Retirement Fund-Pure Equity Plan0.33%7 +3%
HDFC Housing Opp Fund0.51%6 +14%
Tata Housing Opportunities Fund1.20%6 +100%
Motilal Oswal Nifty Microcap 250 Index Fund0.14%4 +4%
HDFC Retirement Fund-Hybrid-Equity Plan0.03%0 -88%
Groww Nifty Total Market Index Fund0.01%0 +10%
ICICI Pru Bharat Consumption Fund0.00%0 -100%
ICICI Pru Aggressive Hybrid Fund(A0.00%0
ICICI Pru Conglomerate Fund0.00%0 -100%
ICICI Pru India Opp Fund0.00%0 -100%
Angel One Nifty Total Market Index Fund0.01%0 +10%
Mirae Asset Nifty Total Market Index Fund0.01%0 +10%
ICICI Pru Conservative Hybrid Fund0.00%0 -100%
Bandhan Nifty Total Market Index Fund0.01%0 +10%
Motilal Oswal BSE 1000 Index Fund0.01%0 +10%

Red flags

F-score 4 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,089 Cr +2.3% vs Jun 2025. Net profit ₹48 Cr +4700.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 3 Per Share
2025-07-18Dividend - Rs 3 Per Share
2024-07-19Annual General Meeting/Dividend - Rs 3 Per Share
2023-09-14Demerger
2023-07-28Annual General Meeting/Dividend - Rs 4 Per Share
2022-07-28Annual General Meeting/Dividend - Rs 3 Per Share
2020-02-05 Rights 13:118 @ Premium Rs 308/-
2019-07-25 Annual General Meeting/Dividend Rs 3.50 Per Share
2018-08-02 Annual General Meeting/Dividend- Rs 3.50 Per Share
2017-07-27 Annual General Meeting/Dividend - Rs 2.80 Per Share
2016-07-28 Annual General Meeting
2016-03-17 Interim Dividend - Rs 2.80/- Per Share (Purpose Revised)
2015-07-29Annual General Meeting / Dividend - Rs 1.50/- Per Share
2014-07-23Annual General Meeting/Dividend Rs 1.50/- Per Share
2013-07-29Annual General Meeting/Dividend Rs 2/- Per Share
2012-07-18Annual General Meeting / Dividend Rs 2.80 Per Share
2011-07-20Dividend-Rs.2.80 Per Share
2010-07-19Dividend-Rs.2.40 Per Share
2010-01-28Fv Split Rs.10 To Rs.20.2000
2009-07-22Agm/Div-Rs.10/- Per Share
2008-07-15Agm/Dividend - 80%
DateTypeWhat it says
2026-10-02General UpdatesDisclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amen...
2026-10-01General UpdatesDisclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amen...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-02-22NCLTBajaj Electricals Ltd Vs KMC Constructions Ltd Vs
2017-12-07CESTATBAJAJ ELECTRICALS LIMITED ---VS.--- JAIPUR-I
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)

Quick answers

What is the market cap of Bajaj Electricals Ltd?

Bajaj Electricals Ltd (BAJAJELEC) has a market capitalisation of Rs 3,574 Cr. at the 2026-10-01 close.

What were Bajaj Electricals Ltd's latest quarterly results?

In the Jun 2026 quarter, Bajaj Electricals Ltd sales was Rs 1,089 Cr (+2.3% vs Jun 2025) and net profit was Rs 48 Cr.

What is the 52-week high and low of Bajaj Electricals Ltd?

The 52-week high is Rs 560.95 and the 52-week low is Rs 301.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03