BAJAJELEC
Bajaj Electricals Limited (BAJAJELEC) Stock Analysis
Bajaj Electricals Limited is an Indian consumer durables and lighting company selling appliances, fans, and lighting products. It markets Bajaj brand products through dealers and e-commerce nationwide. The company also undertakes EPC lighting projects for government and institutions. It is a listed consumer durables stock.
Consumer Cyclical › Furnishings, Fixtures & Appliances
₹278.90
-5.89% 1W | -44.70% 52W
Market Cap
3.2k CR
P/E Ratio
–
52W High
₹530
52W Low
₹263.2
Div. Yield
1.08%
Beta
0.1
50 DMA
₹305.4
200 DMA
₹342.8
Profit Margin
-0.6%
Inst. Own.
21.3%
📊 CONSOLIDATION
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,113 | 1,228 | 1,188 | 1,155 | 1,118 | 1,290 | 1,265 | 1,065 | 1,107 | 1,051 | 1,240 | 1,089 | 1,123 |
| YoY Sales growth | -9% | -6% | -8% | +4% | +0% | +5% | +7% | -8% | -1% | -19% | -2% | +2% | +1% |
| Expenses | 1,038 | 1,171 | 1,138 | 1,080 | 1,067 | 1,202 | 1,172 | 1,032 | 1,050 | 1,043 | 1,200 | 1,012 | 1,056 |
| Operating Profit | 75 | 58 | 50 | 75 | 52 | 87 | 93 | 33 | 57 | 8 | 40 | 77 | 67 |
| OPM % | 7% | 4.7% | 4.2% | 7% | 4.6% | 7% | 7% | 3.1% | 5% | 0.8% | 3.2% | 7% | 6% |
| Other Income | 6 | 43 | 22 | 11 | 15 | 13 | 38 | 24 | 8 | -14 | -46 | 35 | 14 |
| Interest | 14 | 20 | 18 | 16 | 17 | 19 | 18 | 18 | 13 | 13 | 13 | 16 | 15 |
| Depreciation | 27 | 30 | 30 | 32 | 35 | 36 | 41 | 37 | 37 | 35 | 33 | 31 | 30 |
| Profit before tax | 41 | 50 | 24 | 38 | 15 | 45 | 71 | 2 | 16 | -54 | -52 | 66 | 35 |
| Tax % | 33% | 26% | -20% | 27% | 12% | 27% | 17% | 40% | 36% | -37% | 30% | 26% | 26% |
| Net Profit | 27 | 37 | 29 | 28 | 13 | 33 | 59 | 1 | 10 | -34 | -68 | 48 | 26 |
| EPS in Rs | 2.37 | 3.25 | 2.54 | 2.44 | 1.12 | 2.89 | 5.12 | 0.08 | 0.85 | -2.96 | -5.85 | 4.19 | 2.26 |
| Metric | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,590 | 4,254 | 4,697 | 6,662 | 4,985 | 4,584 | 4,811 | 4,889 | 4,639 | 4,826 | 4,461 | 4,503 |
| Sales growth | -7% | +10% | +42% | -25% | -8% | +5% | +2% | -5% | +4% | -8% | -5% | |
| Expenses | 4,326 | 4,011 | 4,414 | 6,325 | 4,780 | 4,281 | 4,560 | 4,515 | 4,379 | 4,519 | 4,323 | 4,311 |
| Operating Profit | 264 | 243 | 283 | 338 | 205 | 303 | 250 | 375 | 260 | 307 | 138 | 192 |
| OPM % | 6% | 6% | 6% | 5% | 4.1% | 7% | 5% | 8% | 6% | 6% | 3.1% | 4.3% |
| Other Income | 46 | 30 | -26 | 65 | 46 | 95 | 55 | 46 | 82 | 76 | -29 | -12 |
| Interest | 108 | 80 | 59 | 118 | 171 | 76 | 70 | 44 | 63 | 70 | 56 | 57 |
| Depreciation | 27 | 30 | 34 | 44 | 74 | 75 | 69 | 74 | 110 | 144 | 142 | 128 |
| Profit before tax | 174 | 163 | 164 | 241 | 7 | 246 | 166 | 303 | 168 | 170 | -89 | -5 |
| Tax % | 38% | 37% | 49% | 36% | 244% | 23% | 25% | 29% | 22% | 21% | 2% | |
| Net Profit | 108 | 102 | 84 | 154 | -10 | 189 | 124 | 216 | 131 | 133 | -91 | -27 |
| EPS in Rs | 10.43 | 9.84 | 8.00 | 14.91 | -0.82 | 16.64 | 11.19 | 18.78 | 11.38 | 11.57 | -7.87 | -2.36 |
| Dividend Payout % | 26% | 28% | 43% | 23% | 0% | 0% | 27% | 21% | 26% | 26% | -38% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | -3.0% | -1.0% | 0.0% |
Shareholding Pattern
Promoters62.71%
FIIs7.75%
DIIs15.87%
Public13.68%
Promoters62.70%
FIIs6.48%
DIIs17.08%
Public13.74%
Promoters62.70%
FIIs6.50%
DIIs16.88%
Public13.94%
Promoters62.70%
FIIs5.37%
DIIs16.82%
Public15.12%
Promoters62.67%
FIIs5.36%
DIIs15.97%
Public15.98%
Promoters62.86%
FIIs11.22%
DIIs12.39%
Public13.51%
Promoters62.80%
FIIs10.18%
DIIs12.61%
Public14.41%
Promoters62.72%
FIIs7.79%
DIIs15.79%
Public13.70%
Promoters62.70%
FIIs6.50%
DIIs16.88%
Public13.94%
Promoters62.67%
FIIs5.36%
DIIs15.97%
Public15.98%
BAJAJELEC
Holdings Analysis
Key strengths & risk signals
50
Overall
43
Fundamental
57
Technical
Risks (4)
Cannot calculate PEG - insufficient growth data.
POOR YEAR! Stock declined 43.2% in the last year.
WEAK POSITION! Current price (301.3) is below both moving averages.
WEAK! Trading at 4.7% of 52W range - near yearly lows.
Strengths (3)
BULLISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 874,798 vs down days: 139,281. Ratio: 6.28x
APPROACHING OVERSOLD! RSI at 39.7 - watch for reversal.
MARKET ALIGNED! Beta of 1.00 - moves with the market.
Fundamental & Technical Analysis
50Overall
45Fundamental
56Technical
Fundamental Breakdown
Growth Quality
4/30
Revenue CAGR: -3.0% (DECLINING, 2/15). Profit CAGR: 0% (DECLINING, 2/15).
Profit Margin
2/10
LOW MARGIN! -1.0% profit margin - thin profits.
PEG Valuation
0/10
Cannot calculate PEG - insufficient growth data.
Dividend Yield
5/10
LOW DIVIDEND! 1.0% yield - minimal income contribution.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.14 - excellent financial health.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 14.26% public ownership - strong promoter/institutional control.
Stability Index
4/10
CAREFUL! Company does not have stable profit track. 2 loss-making quarters detected.
Technical Breakdown
Moving Averages
5/10
BEARISH TREND! 50-day average (327.7) is below 200-day average (353.1) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (296.4) is below both moving averages.
Trend Pattern
10/20
TESTING SUPPORT! Stock is at key support level.
52W Performance
0/10
POOR YEAR! Stock declined 44.0% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 11 up days, 19 down days. Avg volume on up days: 941,032 vs down days: 139,437. Ratio: 6.75x
RSI
4/5
APPROACHING OVERSOLD! RSI at 36.4 - watch for reversal.
52W Range
1/5
WEAK! Trading at 2.8% of 52W range - near yearly lows.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 0.8% (1 week), 8.3% (1 month), 11.1% (3 months).
Beta
3/5
MARKET ALIGNED! Beta of 1.00 - moves with the market.
BAJAJELEC
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-08-12 | Concall PDF | |
| Q4FY262026-05-26 | Concall PDF | |
| Q3FY262026-02-13 | Concall PDF | |
| Q2FY262025-11-06 | Concall PDF |
Peer Comparison
Consumer Cyclical · Furnishings, Fixtures & Appliances · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BAJAJELEC | ₹278.90 | – | -0.6% | -3.0% | – | -44.7% | 50 | BREAKDOWN | – | -46.1% | – | +3.0% |
| NILKAMAL | ₹2,050.50 | 19.3 | 4.1% | 6.5% | -4.8% | +37.2% | 70 | BREAKOUT | +101.8% | +179.0% | +16.3% | +37.4% |
| BOROLTD | ₹309.30 | 46.7 | 6.4% | 16.5% | 12.9% | -9.3% | 78 | BREAKOUT | +40.5% | +149.2% | +7.5% | +45.8% |
| SYMPHONY | ₹532.20 | – | -11.1% | -1.7% | – | -42.1% | 55 | BOUNCE FROM SUPPORT | +41.2% | -40.0% | +31.0% | -27.2% |
| CARYSIL | ₹957.00 | 25.5 | 10.9% | 15.9% | 23.3% | -1.2% | 64 | BREAKDOWN | +37.7% | +15.9% | +15.5% | +12.2% |
| STOVEKRAFT | ₹789.40 | 53.4 | 3.0% | 7.8% | 5.5% | +23.9% | 61 | BOUNCE FROM SUPPORT | +64.4% | +180.3% | +41.3% | +15.9% |
| JCHAC | ₹1,432.20 | 138.9 | 1.1% | 8.6% | 54.0% | -23.4% | 59 | CONSOLIDATING DOWN | +475.8% | -52.5% | +10.2% | +17.4% |
| HAWKINCOOK | ₹7,948.50 | 31.1 | 10.2% | 7.3% | 11.4% | +4.6% | 60 | APPROACHING SUPPORT | +17.4% | -23.6% | +33.0% | -12.9% |
Data from TradeAlone · Updated daily
