BAJAJELECConsumer Durables

Bajaj Electricals Limited

Household Appliances · ISIN INE193E01025 · BSE 500031 · NSE EQ · FV ₹2
Last price
₹325
+0.85%today
What this company does

Bajaj Electricals Limited operates in Household Appliances, part of the Consumer Durables sector. It booked ₹1,089 cr of revenue in its latest quarter (Q1 FY27) and kept 4.4% of sales as profit.

62out of 100
Equitytale Health Score
Mixed

Healthier than 62% of companies in Consumer Durables, on all six measures of filed financials. Each measure is ranked against the 31–41 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns37

How much profit it earns on the money it employs

Balance sheet60

How much it owes, and whether earnings cover the interest

Cash quality99

Whether reported profit actually arrives as cash · highest in its sector on what we could measure

Growth & consistency24

Whether sales and profit have grown, and how steadily

Valuation84

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 5,215% vs last year
Promoters hold 63%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 4.4% net margin

What if I invest in BAJAJELEC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹325 +0.85%
latest close · 2026-09-17
1-year return
-72.3%
52-wk low ₹31952-wk high ₹1,589
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio19.4Average
LowAverageHigh
P/B ratio2.35Moderate
Below bookModerateHigh
EV / EBITDA7.9Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity12.1%Fair
WeakFairStrong ▸15%
Return on capital18.0%Strong
WeakFairStrong
Net margin4.4%Thin
ThinDecentStrong
EBITDA margin10.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover5.2×Strong
RiskyOkayStrong ▸5×
Current ratio1.11Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹3,754 cr
Book value
₹138
EPS
₹4.19
latest quarter
Net debt
₹-222 cr
more cash than debt
Enterprise value
₹3,532 cr
EBITDA
₹448 cr
annualised
EBIT
₹326 cr
annualised
Operating margin
7.5%
Return on assets
4.5%
Earnings yield
5.15%
P/S
0.86
Sales / share
₹377.6
Tax rate
26.3%
Face value
₹2
Shares
11.5 cr
Working capital
₹262 cr
Current assets
₹2,712 cr
Current liabilities
₹2,450 cr
Delivery %
43.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.
Models span ₹267₹379, midpoint ₹323

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,089 cr
Other Income₹26 cr
Total Income₹1,115 cr
Cost of Materials₹151 cr
Purchases of Stock-in-Trade₹658 cr
Inventory Change (±)₹-89 cr
Employee Benefit Expense₹97 cr
Finance Costs₹16 cr
Depreciation & Amortisation₹31 cr
Other Expenses₹194 cr
Total Expenses₹1,058 cr
Exceptional Items₹9 cr
Profit before Tax₹66 cr
Tax Expense₹17 cr
Net Profit₹48 cr
Net margin on total income4.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹720 cr64.1%
Employee benefit expense₹97 cr8.6%
Finance costs₹16 cr1.4%
Depreciation & amortisation₹31 cr2.7%
Other expenses₹194 cr17.3%
Tax expense₹17 cr1.5%
Profit for the period₹48 cr4.3%
Total income ₹1,115 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,051 cr1,240 cr1,089 cr
Total income1,066 cr1,249 cr1,115 cr
Expenses1,086 cr1,245 cr1,058 cr
Profit before tax-49 cr-52 cr66 cr
Tax-20 cr16 cr17 cr
Net profit (owners' share)-34 cr-68 cr48 cr
Net margin (owners' share, on revenue)-3.2%-5.4%4.4%
EPS (₹)-2.95-5.854.19
YoY (latest quarter): total income +1.8% · net profit +5,215.4%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹4,260 cr
Shareholder equity
₹1,594 cr
parent shareholders
Total debt
₹0 cr
Cash
₹222 cr
Cash flow · H1 FY26
Operating
₹12 cr
Investing
₹101 cr
Financing
₹-91 cr
Peer comparison
Household Appliances · by market value
CompanyPriceMarket capP/E
LG Electronics India Limited₹1,653₹1.12 L cr43.0
Voltas Limited₹1,135₹37,546 cr43.9
Blue Star Limited₹1,553₹31,930 cr77.8
Crompton Greaves Consumer Electricals Limited₹225₹14,494 cr25.8
V-Guard Industries Limited₹330₹14,424 cr27.8
Whirlpool of India Limited₹727₹9,229 cr22.4
Eureka Forbes Limited₹391₹7,568 cr33.4
TTK Prestige Limited₹544₹7,447 cr31.4
IFB Industries Limited₹1,218₹5,027 cr28.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.92%
trailing 12 months
Dividend / share (TTM)
₹3
Last dividend
₹3
ex 17 Jul 2026
ActionDetailEx-date
Dividend₹3 / share17 Jul 2026
Dividend₹3 / share18 Jul 2025
Dividend₹3 / share19 Jul 2024
Dividend₹4 / share28 Jul 2023
Dividend₹3 / share28 Jul 2022
Rights issue118:135 Feb 2020
Who owns it · 2026-06-30
No pledge
Promoter
62.7%
FII / Foreign
5.4%
DII / Domestic
16.8%
Retail / others
15.1%
Promoter stake down 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
SoldDEEPAK AGGARWAL · Employees/Designated Employees5,102 · ₹26.6 L24 Nov 25
BoughtELLATCH C PRASAD · Employees/Designated Employees8,250 · ₹41.8 L24 Nov 25
BoughtRAJESH EKNATH NAIK · Employees/Designated Employees7,317 · ₹37.0 L24 Nov 25
Bulk / block deals
short · NSE1843 Sep 26
short · NSE2106 Aug 26
BoughtMICROCURVES TRADING PRIVATE LIMITED · NSE7.87 L @ ₹393.636 Aug 26
Stake changes
BoughtNiraj Bajaj · promoter→ 62.69%2 Jun 26
BoughtKamalnayan Investment & Trading Pvt. Ltd. · promoter→ 5.03% · 56.16 L2 Jun 26
BoughtHDFC Mutual Fund→ 10.60% · 33.43 L21 Aug 24
Promoter pledges
PledgedThe shares cannot be delt without prior leave of Honble court or till Vanraj Bajaj attains majority13.16 L · 0.00% held28 Oct 20
PledgedPooja Bajaj18.44 L · 0.00% held3 Jul 20
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 7 Aug 2025
See the official result
1
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements including Balance Sheet as at March 31, 2025, and the Statement of Profit and Loss for the year ended on that date together with Directors’ and Auditors’ Report thereon.
Backed by 100% of shareholders other than promotersneeded 50%
2.72 cr votes for, 53 against · 0% of mutual funds and other big investors said no
2
To declare a dividend of Rs. 3.00 per equity share of face value of Rs. 2 each for the financial year ended March 31, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
2.72 cr votes for, 43 against · 0% of mutual funds and other big investors said no
3
To take note of the retirement of Mr. Rajiv Bajaj (DIN 00018262), Director, who retires by rotation at this Annual General Meeting and has expressed his intention not to seek re-appointment, and to consider and decide not to fill the vacancy arising from his retirement.
Backed by 100% of shareholders other than promotersneeded 50%
2.72 cr votes for, 57 against · 0% of mutual funds and other big investors said no
4
To appoint a director in place of Mrs. Pooja Bajaj (DIN 08254455), who retires by rotation at this Annual General Meeting, and being eligible, offers herself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
2.72 cr votes for, 18,925 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 83 named members
owning 62.7% between them · as of 2026-06-30
Bajaj Holdings And Investment Limited16.58%
Jamnalal Sons Private Limited14.67%
Kiran Bajaj4.89%
Geetika Bajaj1.87%
Geetika Shekhar Bajaj Trust (Shekhar Bajaj as a Trustee)1.65%
Vanraj Bajaj1.60%
Shekhar Bajaj1.57%
Pooja Bajaj1.34%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.