Bajaj Electricals Limited

NSE: BAJAJELEC · Household Appliances

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52W Range₹263 – ₹530

Snapshot

Unlock Bajaj Electricals Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Bajaj Electricals Limited is a prominent Indian company operating primarily in the consumer durables and engineering, procurement, and construction (EPC) sectors. Its diverse portfolio spans kitchen appliances, fans, lighting solutions, and large-scale power transmission and distribution projects.

Business Model

The company generates revenue through the manufacturing and sale of household appliances and lighting products via an extensive retail network, alongside executing infrastructure projects for power utilities. It also maintains a presence in the renewable energy sector through wind power generation.

  • Retail Outlets:2,30,000

Growth Outlook

Growth is driven by the expansion of its consumer product range and the continued execution of power infrastructure projects across India and international markets. The company leverages its strong brand heritage to penetrate both urban and rural markets.

Key Risks

  • Input Cost Volatility. Fluctuations in the prices of raw materials like copper, steel, and aluminium can significantly impact profit margins in the consumer durables segment.
  • Project Execution Risk. The EPC business is susceptible to delays, cost overruns, and regulatory hurdles associated with large-scale power transmission and distribution projects.
  • Intense Market Competition. The household appliances sector faces stiff competition from both established domestic players and low-cost international imports.
  • Economic Cyclicality. Demand for consumer durables is highly sensitive to discretionary spending patterns and overall macroeconomic conditions in India.

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Key Metrics

REVENUE

₹4,503 Cr

TTM · consolidated

-4.7%YoY

NET PROFIT

₹-27 Cr

TTM · consolidated

-126.3%YoY

EPS

₹-2.35

TTM · consolidated

-126.3%YoY

RETURN ON EQUITY

-1.6%

TTM · consolidated

-7.6 ppYoY

RETURN ON CAPITAL EMPLOYED

3.0%

TTM · consolidated

-7.7 ppYoY

P/E

-113.9×

Q2 FY27 · consolidated

-113.9 vs 7.9x5Y avg

EV/EBITDA

11.4x

Q2 FY27 · consolidated

11.4 vs 8.8x5Y avg

EBITDA MARGIN

5.8%

TTM · consolidated

-1.5 ppYoY

NET PROFIT MARGIN

2.3%

Q2 FY27 · consolidated

+1.4 ppYoY

DEBT TO EQUITY

0.0x

Q2 FY27 · consolidated

+0.00xYoY

Peers · Household Appliances

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Bajaj Electricals LimitedBAJAJELEC
₹3,085 Cr-113.9×11.35-4.7%5.8%-1.6%3.0%-47.9%
IFB Industries LimitedIFBIND
₹4,181 Cr28.9×11.2014.3%6.0%14.8%17.6%-43.6%
Orient Electric LimitedORIENTELEC
₹3,854 Cr31.1×13.7216.9%7.6%16.5%22.8%-12.6%
Symphony LimitedSYMPHONY
₹3,371 Cr-25.7×17.002.3%16.9%-19.9%-2.7%-46.2%
CarysilCARYSIL
₹2,735 Cr26.4×14.8014.0%21.1%19.1%24.4%+6.0%
Stove KraftSTOVEKRAFT
₹2,626 Cr54.8×15.0318.5%9.9%10.0%13.9%+2.2%

As of Q2 FY27

Financials