Is Bajaj Electricals a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bajaj Electricals Ltd is a good quality company .

Is Bajaj Electricals undervalued or overvalued?

The key valuation ratios of Bajaj Electricals Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Bajaj Electricals share price return in the past 10 years?

Bajaj Electricals Ltd share price has appreciated 13.4% annually (CAGR) over the past ten years.

Is Bajaj Electricals a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bajaj Electricals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Bajaj Electricals Ltd - Stock Valuation and Financial Performance

Name: Bajaj Electricals
Brand: Bajaj Electricals

BSE: 500031 | NSE: BAJAJELEC | Consumer Durables - Domestic Appliances | Small Cap

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Bajaj Electricals Share Price

₹835.70 -22.25 -2.59%
as on 12-Nov'24 16:59

10 Year X-Ray of Bajaj Electricals:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	7.8%	20.8%	15.8%	14.1%	17.3%	7.7%	14.4%	12.9%	18.8%	14.1%	-
Value Creation Index ⓘ	-0.4	0.5	0.1	0.1	0.2	-0.5	0.1	-0.1	0.4	0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	4,263	4,590	4,262	4,707	6,673	4,977	4,573	4,788	4,889	4,641	4,675
Sales YoY Gr.	-	7.7%	-7.2%	10.5%	41.8%	-25.4%	-8.1%	4.7%	2.1%	-5.1%	-
Adj EPS ⓘ	-1.4	10.6	10.3	14.4	15.9	-0	13.9	12.1	18.3	11.6	9.4
YoY Gr.	-	NA	-3.2%	40.4%	10.7%	-100.2%	NA	-13.6%	52.1%	-36.7%	-
BVPS (₹) ⓘ	65.7	72.2	82.8	89.4	101.8	120.1	139.1	150.8	164.1	122.8	126.9
Adj Net Profit ⓘ	-14.3	110	107	151	167	-0.3	160	138	211	134	108
Cash Flow from Ops. ⓘ	121	305	437	-103	-602	627	660	931	449	354	-
Debt/CF from Ops. ⓘ	3.4	2.9	1.4	-7	-2.6	1.5	0.7	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	1%	-7%	0.5%	-5.1%
Adj EPS ⓘ	NA	-6.2%	-5.9%	-36.7%
BVPSⓘ	7.2%	3.8%	-4.1%	-25.2%
Share Price	13.4%	21.4%	-8.5%	-15.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-2.1	15.2	13.1	16.6	16.5	-0	10.7	8.3	11.6	8	7.5
Op. Profit Mgn % ⓘ	2.1	5.8	5.5	6.2	5.2	4.2	6.5	5	7.7	5.6	5
Net Profit Mgn % ⓘ	-0.3	2.4	2.5	3.2	2.5	-0	3.5	2.9	4.3	2.9	2.3
Debt to Equity ⓘ	0.6	1.2	0.7	0.8	1.5	0.7	0.3	0	0	0	0
Working Cap Days ⓘ	236	209	214	217	211	317	301	252	211	205	102
Cash Conv. Cycle ⓘ	95	99	109	99	103	149	134	84	56	48	17

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 7.50%

Sales growth has been subdued in last 3 years 0.49%

Net Profit has been subdued in last 3 years -5.94%

Sales growth is not so good in last 4 quarters at -2.38%

Latest Financials - Bajaj Electricals Ltd.

	Standalone	Consolidated
TTM EPS (₹)	9.4	9.3
TTM Sales (₹ Cr.)	4,675	4,674
BVPS (₹.) ⓘ	126.9	126.9
Reserves (₹ Cr.) ⓘ	1,440	1,440
P/BV ⓘ	6.55	6.55
PE ⓘ	88.50	88.96

From the Market
52 Week Low / High (₹)	822.05 / 1120.00
All Time Low / High (₹)	1.61 / 1588.55
Market Cap (₹ Cr.)	9,579
Equity (₹ Cr.)	23.1
Face Value (₹)	2
Industry PE ⓘ	68.3

Management X-Ray of Bajaj Electricals:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

2.55

* Pledged shares as % of Promoter's holding (%)

Valuation of Bajaj Electricals

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Bajaj Electricals

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	4,263	4,590	4,262	4,707	6,673	4,977	4,573	4,788	4,889	4,641
Operating Expenses ⓘ	4,174	4,326	4,028	4,425	6,325	4,770	4,276	4,550	4,515	4,382
Manufacturing Costs	328	336	354	377	541	399	327	248	137	141
Material Costs	2,992	3,091	2,761	3,104	4,714	3,331	2,997	3,279	3,363	3,261
Employee Cost	224	285	329	318	357	396	388	395	344	365
Other Costs ⓘ	631	614	584	626	714	643	565	627	672	615
Operating Profit ⓘ	88	264	234	282	348	207	297	238	375	260
Operating Profit Margin (%)	2.1%	5.8%	5.5%	6.0%	5.2%	4.2%	6.5%	5.0%	7.7%	5.6%
Other Income ⓘ	24	48	44	65	66	53	77	85	45	86
Interest ⓘ	104	108	80	59	116	169	76	69	44	63
Depreciation ⓘ	29	27	30	34	38	68	69	63	74	110
Exceptional Items ⓘ	0	0	0	-89	0	0	12	-13	0	0
Profit Before Tax ⓘ	-21	177	168	164	259	22	241	179	302	173
Tax ⓘ	-7	67	60	81	92	23	58	42	87	37
Profit After Tax	-14	110	108	84	167	0	184	137	215	136
PAT Margin (%)	-0.3%	2.4%	2.5%	1.8%	2.5%	0.0%	4.0%	2.9%	4.4%	2.9%
Adjusted EPS (₹)	-1.4	10.7	10.4	8.0	15.9	0.0	16.0	11.9	18.7	11.8
Dividend Payout Ratio (%)	-108%	26%	26%	43%	21%	0%	0%	25%	21%	25%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	687	747	860	935	1,069	1,367	1,593	1,733	1,889	1,414
Share Capital ⓘ	20	20	20	20	20	23	23	23	23	23
Reserves ⓘ	667	726	839	915	1,048	1,344	1,570	1,710	1,866	1,391
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	386	821	546	718	1,578	737	259	23	0	0
Long Term Debt	171	96	17	11	213	80	25	12	0	0
Short Term Debt	215	725	529	706	1,365	658	234	11	0	0
Trade Payables	1,167	560	636	854	1,092	900	944	1,224	1,216	1,247
Others Liabilities ⓘ	964	783	990	892	1,358	1,509	1,402	940	1,888	1,166
Total Liabilities ⓘ	3,205	2,910	3,031	3,399	5,097	4,513	4,198	3,920	4,993	3,828
Fixed Assets
Gross Block	433	304	366	405	456	603	569	807	924	1,100
Accumulated Depreciation	152	27	56	89	126	192	227	253	284	320
Net Fixed Assetsⓘ	280	276	310	316	330	411	342	554	640	780
CWIP ⓘ	3	21	8	6	9	11	18	43	42	63
Investmentsⓘ	59	80	80	14	51	53	38	49	47	35
Inventories	475	507	571	579	821	691	971	976	976	757
Trade Receivables	1,290	1,412	1,342	1,749	2,623	2,049	1,512	1,137	1,111	1,163
Cash Equivalents	38	55	65	26	16	105	62	142	370	275
Others Assetsⓘ	1,060	559	654	709	1,247	1,194	1,256	1,020	1,806	755
Total Assets ⓘ	3,205	2,910	3,031	3,399	5,097	4,513	4,198	3,920	4,993	3,828

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	121	305	437	-103	-602	627	660	931	449	354
PBT ⓘ	-21	177	168	164	259	22	241	179	302	173
Adjustment ⓘ	181	138	129	203	133	201	103	115	102	116
Changes in Working Capital ⓘ	-9	47	184	-415	-856	449	327	682	61	70
Tax Paid ⓘ	-31	-57	-44	-54	-139	-45	-12	-45	-23	-3
Cash Flow From Investing Activity ⓘ	-83	-53	-91	36	-127	-46	-111	-87	-88	-210
Capex	-62	-46	-47	-35	-56	-28	-10	-43	-56	-131
Net Investments	3	-25	-31	61	-37	0	-22	-33	-35	-130
Others ⓘ	-24	18	-12	10	-34	-17	-79	-10	4	51
Cash Flow From Financing Activityⓘ	-56	-239	-368	64	718	-491	-605	-772	-139	-133
Net Proceeds from Shares ⓘ	13	3	6	17	9	348	10	14	9	5
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-91	-87	-77	-76	-108	-143	-67	-126	-47	-62
Dividend Paid ⓘ	-15	-43	0	-28	-36	-36	0	0	-34	-46
Others ⓘ	38	-112	-297	151	852	-661	-549	-660	-66	-29
Net Cash Flow ⓘ	-19	13	-21	-3	-11	90	-56	72	223	11

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-2.02	15.48	13.41	9.32	16.68	-0.01	12.41	8.23	11.9	8.23
ROCE (%)	7.83	20.82	15.82	14.14	17.34	7.67	14.38	12.85	18.76	14.13
Asset Turnover Ratio	1.36	1.51	1.45	1.47	1.57	1.04	1.05	1.18	1.1	1.05
PAT to CFO Conversion(x)	N/A	2.77	4.05	-1.23	-3.6	N/A	3.59	6.8	2.09	2.6
Working Capital Days
Receivable Days	107	107	117	120	120	171	142	101	84	89
Inventory Days	39	39	46	45	38	55	66	74	73	68
Payable Days	68	62	74	87	73	103	109	121	132	138

Bajaj Electricals Ltd Stock News

Bajaj Electricals Ltd FAQs

What is the share price of Bajaj Electricals?

Company share prices are keep on changing according to the market conditions. The closing price of Bajaj Electricals on 12-Nov-2024 16:59 is ₹835.7.

What is the market cap of Bajaj Electricals?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Nov-2024 16:59 the market cap of Bajaj Electricals stood at ₹9,579.4.

What is the P/E ratio of Bajaj Electricals?

The latest P/E ratio of Bajaj Electricals as of 12-Nov-2024 16:59 is 88.50.

What is the P/B ratio of Bajaj Electricals?

The latest P/B ratio of Bajaj Electricals as of 12-Nov-2024 16:59 is 6.55.

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

The 52-week high of Bajaj Electricals is ₹1,120 and the 52-week low is ₹822.0.

What is the TTM revenue of Bajaj Electricals?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bajaj Electricals is ₹4,675 ( Cr.) .

About Bajaj Electricals Ltd

Bajaj Electricals Limited (BEL), a globally renowned and trusted company is a part of Bajaj Group. Bajaj Electricals business is spread across - Consumer Products (Appliances, Fans, Lighting), Exports, and EPC (Illumination, Transmission Towers and Power Distribution). The company is scattered in different parts of the country. It also has presence in premium home appliances and cookware segments with brands like Morphy Richards and Nirlep.

But to know Bajaj Electricals, one must understand its core principles. It get a Gandhian set of values by its founding father, Jamnalal Bajaj which its current leaders follow and aim to carry forward, as a legacy. Its tagline 'Inspiring Trust' is a value it’s strongly associate with and try to fulfil in its everyday endeavours. Apart from work, it brings change in the society through its philanthropic work. The company’s Corporate Social Responsibility (CSR) division rests on sustainability, gender diversity, employee volunteering and community outreach programmes.

To increase its footprint globally and in India, the company has partnered with reputed brands from across the world to give you the best possible services. BEL has marketing arrangements with and Securiton of Switzerland for Luminaires, Delta Controls of Canada for Integrated Building Management Systems, Greystone of Canada and Magnum Energy of the USA for Wired and Wireless Sensors, DiUSA and Midea of China for Fans, and Morphy Richards of UK for Appliances. Bajaj Electricals has also invested in Starlite Lighting for manufacturing energy-saving lamps (CFL).

Business area of the company

The Company is engaged in the business of Consumer Products (Appliances, Fans, Lighting), EPC (Illumination, Power Transmission and Power Distribution) and Exports.

Awards and recognitions

2017-18

IDC Digital ICON Award 2017 for its Digital Transformation Project.
Digital Transformation of the department award for its Consumer Care Applications.
CIO Power List Digital ICON 2017 for its Digital Transformation Project.
IMC Digital Award 2017 for its Consumer Care Application.
POOGI Award at TOCICO International Conference 2017, Berlin, Germany.
Leadership in Energy and Environmental Design (LEED) Platinum Certificate, by the United States Green Building Council (USGBC) to Bajaj Electricals R&D Centre - ‘AB SQUARE’ Navi Mumbai, India.
The SEAD Global Efficiency Medal for Outdoor Lighting 2017, Paris, France.

2018-19

Oracle Excellence Award; Chatbot implementation for Consumer Care.
CIO Power list Award 2019; Manufacturing Icon.
MITS Leadership Award 2019; Thought leader for re-imaging manufacturing.
Datacentre Summit and Awards 2019.
Technology Senate Award 2019; from Indian Express Group in Category ‘Enterprise Mobility’.

2019-20

Bajaj Electricals was honoured in USA with The 2019 Association of Supply Chain Management (ASCM) Award of Excellence- Corporate Transformation.
Felicitated with Express Computer IT Award in Mumbai, India.
The Global SSL Showcase 100, 2019 Award by International SSL Alliance (ISA) was presented to Bajaj Electricals in Shenzhen, China for illuminating the Bogibeel Railcum-Road Bridge in Dibrugarh, Assam, India.
TOCICO, a global organisation, felicitated Bajaj Electricals with Process of Ongoing Improvement (POOGI) Award 2019 in Chicago, USA.
Conferred with Fire and Security Association of India (FIST) Award for Safe and Secure Mall for its project Market City Kurla, Mumbai which is run on Bajaj Electricals’ IBMS.

History and milestones

1938: The company was incorporated as Radio Lamp Works Limited under the Indian Companies Act, 1913 as a public company limited by shares, pursuant to a certificate of incorporation dated
1960: Subsequently the name of the company was changed to Bajaj Electricals Limited, pursuant to a fresh certificate of incorporation.
1964: Matchwell Electricals (India) Limited, (Matchwell), a manufacturer of electric fans became a subsidiary of the company and subsequently, with effect from July 1, 1984, the business and undertaking of Matchwell was amalgamated with the company.
1993-94: The company entered into a joint venture with Black & Decker Corporation, United States, for the manufacture and marketing of power tools, household appliances, and related accessories, through a separate company named Black & Decker Bajaj Private Limited, ('Black & Decker Bajaj').
1998: The company established a new manufacturing unit at Chakan near Pune and commenced operations for manufacturing fans and die-cast components. The production of fans at its manufacturing activities of the Matchwell unit also, was gradually shifted to its Chakan unit.
1999: The company established and commissioned a wind energy generation unit with an installed capacity of 2.8 MW at Village Vankusawade, Tal. Patan, District Satara, Maharashtra.
1999-2000: Black & Decker Bajaj became a 100% subsidiary of the Company upon the Company acquiring a further 50% of the shareholding thereof from Black & Decker Corporation, pursuant to which Black & Decker Bajaj was renamed as Bajaj Ventures Limited.
2000-01: The company set-up its manufacturing facilities including a fabrication unit and a galvanizing plant at Ranjangaon, near Pune for the manufacture of high masts, lattice towers, and related products, and the said manufacturing facilities commenced commercial production with effect from April 1, 2001.
2002: The company entered into a technical collaboration and brand licensing agreement with Morphy Richards, United Kingdom, for the sales and marketing of electrical appliances under the brand name of 'Morphy Richards' in India.
2002-03: The company divested 50% of its shareholding in Bajaj Ventures Limited and Bajaj Ventures Limited ceased to be a subsidiary of the Company. The Company also discontinued manufacturing die-cast components.
2005: The company entered into a Distribution agreement with Trilux Lenze of Germany for high end technical lighting.
2007: The company has acquired 32% of the share capital of Starlite Lighting Limited, a company engaged in the manufacture of Compact Fluorescent Lamps ('CFLs').
2017: With an objective of creating innovative products that offers best solutions to consumers, a modern R&D centre ‘AB SQUARE’ was set up at Navi Mumbai.
2018: The company completed the acquisition of cookware brand Nirlep Appliances with 79.85 percent stake purchase. Nirlep has become a subsidiary of Bajaj Electricals.
2019: With the commissioning of the 400kV Monopole in Noida, under UPPTCL, Bajaj Electricals has become a pioneer in long distance 400kV monopole line construction, with in-house ‘concept to commissioning’ capabilities, both in the domestic as well as international front.