Bajaj Electricals Ltd
NSE: BAJAJELEC BSE: 500031Energy
Bajaj Electricals Limited is a part of the Bajaj Group of companies and is a leading FMEG company spread across Consumer Products - Appliances, Fans, Lighting, Exports, and EPC - Illumination, Transmission Towers and Power Distribution. It also has its presence in premium home appliances and cookware segments with brands like Morphy Richards and Nirlep.[1]
₹361
52W: ₹330 — ₹711
PE 0 · Book ₹126 · +187% vs bookMarket Cap₹4,164 Cr
Stock P/E—Price to Earnings
ROCE4.21%Return on Capital
ROE0.29%Return on Equity
Div. Yield0.83%Face Value ₹2
Strengths
- +Company has reduced debt.
Weaknesses
- −Stock is trading at 2.85 times its book value
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of -0.49% over past five years.
- −Company has a low return on equity of 5.08% over last 3 years.
- −Company's cost of borrowing seems high
Shareholding Pattern
Promoters62.7%
FIIs6.5%
DIIs16.88%
Public13.94%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 62.78% | 62.76%▼0.0 | 62.72%▼0.0 | 62.72% | 62.72% | 62.71%▼0.0 | 62.7%▼0.0 | 62.7% |
| FIIs | 7.93% | 8.23%▲0.3 | 7.82%▼0.4 | 7.79%▼0.0 | 7.89%▲0.1 | 7.75%▼0.1 | 6.48%▼1.3 | 6.5%▲0.0 |
| DIIs | 14.75% | 15.59%▲0.8 | 15.91%▲0.3 | 15.79%▼0.1 | 15.57%▼0.2 | 15.87%▲0.3 | 17.08%▲1.2 | 16.88%▼0.2 |
| Public | 14.53% | 13.41%▼1.1 | 13.54%▲0.1 | 13.7%▲0.2 | 13.83%▲0.1 | 13.68%▼0.2 | 13.74%▲0.1 | 13.94%▲0.2 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,228 | 1,188 | 1,155 | 1,118 | 1,290 | 1,265 | 1,065 | 1,107 | 1,051 | 1,240 |
| Expenses | 1,171 | 1,138 | 1,080 | 1,067 | 1,202 | 1,172 | 1,031 | 1,045 | 1,038 | 1,196 |
| Operating Profit | 58 | 50 | 75 | 52 | 87 | 93 | 33 | 62 | 13 | 43 |
| OPM % | 5% | 4% | 7% | 5% | 7% | 7% | 3% | 6% | 1% | 3% |
| Net Profit | 37 | 29 | 28 | 13 | 33 | 59 | 2 | 15 | -29 | -64 |
| EPS ₹ | 3.25 | 2.54 | 2.44 | 1.12 | 2.89 | 5.12 | 0.14 | 1.27 | -2.53 | -5.57 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹4,462Cr, down 7.5% YoY. OPM at 3%.
Debt Position
Borrowings at ₹159Cr. Debt-to-equity ratio: 0.11x. Healthy balance sheet.
Capex Cycle
CWIP at ₹1Cr (0% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 16.88% (+4.92pp change). FIIs: 6.5% (-4.42pp change). Promoters hold 62.7%.
Margin & Efficiency
ROCE declining from 8% (Mar 2015) to 4% (Mar 2026). Working capital days: 0.
Recent Announcements
- Presentation On The Financial Results Of Bajaj Electricals Limited For The Fourth Quarter And Financial Year Ended March 31, 2026 6m - Bajaj Electricals released Q4 FY26 investor presentation; FY26 revenue Rs 4,462 crore, PAT loss Rs 91 crore.
- Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015, As Amended 1d - Appeal dismissed in GST case; Rs. 16.42 lakh demand and Rs. 1.49 lakh penalty.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d - Bajaj Electricals to hold Q4FY26 earnings call on May 20, 2026, for FY26 audited results.
- General Updates - Cancellation Of Q4FY26 Earnings Call 2d - Bajaj Electricals cancelled its May 15, 2026 Q4FY26 earnings call due to technical reasons; new date pending.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 2d - Ashween Anand appointed CFO of Bajaj Electricals, effective May 16, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse