BAJAJELEC
Bajaj Electricals Limited
FMEG company selling lighting solutions and consumer products like fans and kitchen appliances
Consumer Discretionary›Consumer Durables›Consumer Durables›Household Appliances
bajajelectricals.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹301.30
Market cap
3,478 Cr
Stock P/E
Loss (TTM EPS ₹-3.76)
P/B
2.18
Dividend yield
1.0%
ROE (FY26)
-5.7%
ROCE (FY26)
-2.1%
Operating margin (FY26)
-0.1%
OCF / EBITDA (FY26)
449.7%
OCF / EBITDA (3Y)
187.3%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Bajaj Electricals sells lighting products and home appliances, including fans, mixers, water heaters, irons, coolers and induction cooktops, to Indian households and to professional lighting customers.
Company snapshot
14thBy market cap
Ranked among 21 companies in Household Appliances.
Segment mix
Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.
Largest segment: 80.5% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| A) Consumer Products | 80.5% | 1,038 Cr | 52 Cr | 2,471 Cr |
| B) Lighting Solutions | 19.5% | 251 Cr | 5 Cr | 538 Cr |
What we see
Positives
- ✓187% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
- ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,113 Cr | 1,228 Cr | 1,188 Cr | 1,155 Cr | 1,118 Cr | 1,290 Cr | 1,265 Cr | 1,065 Cr | 1,107 Cr | 1,051 Cr | 1,240 Cr | 1,089 Cr |
| Operating expenses (approx.) | 1,056 Cr | 1,171 Cr | 1,138 Cr | 1,080 Cr | 1,067 Cr | 1,202 Cr | 1,172 Cr | 1,031 Cr | 1,045 Cr | 1,038 Cr | 1,200 Cr | 1,012 Cr |
| EBITDA | 57 Cr | 58 Cr | 50 Cr | 75 Cr | 52 Cr | 87 Cr | 93 Cr | 33 Cr | 62 Cr | 13 Cr | 40 Cr | 78 Cr |
| OPM % | 5.1% | 4.7% | 4.2% | 6.5% | 4.6% | 6.8% | 7.3% | 3.1% | 5.6% | 1.2% | 3.2% | 7.1% |
| Other income | 29 Cr | 43 Cr | 22 Cr | 11 Cr | 15 Cr | 13 Cr | 16 Cr | 30 Cr | 8 Cr | 15 Cr | 9 Cr | 26 Cr |
| Interest | 14 Cr | 20 Cr | 18 Cr | 16 Cr | 17 Cr | 19 Cr | 18 Cr | 18 Cr | 13 Cr | 13 Cr | 13 Cr | 16 Cr |
| Depreciation | 27 Cr | 30 Cr | 30 Cr | 32 Cr | 35 Cr | 36 Cr | 41 Cr | 37 Cr | 37 Cr | 35 Cr | 33 Cr | 31 Cr |
| Profit before tax | 39 Cr | 50 Cr | 24 Cr | 38 Cr | 15 Cr | 45 Cr | 71 Cr | 2 Cr | 16 Cr | -54 Cr | -52 Cr | 66 Cr |
| Tax % | 29.9% | 26.0% | -19.9% | 26.6% | 12.4% | 26.6% | 17.1% | 40.1% | 36.4% | 36.9% | -30.0% | 26.3% |
| Net profit | 27 Cr | 37 Cr | 29 Cr | 28 Cr | 13 Cr | 33 Cr | 59 Cr | 0.91 Cr | 10 Cr | -34 Cr | -68 Cr | 48 Cr |
| EPS (₹) | ₹2.37 | ₹3.25 | ₹2.55 | ₹2.44 | ₹1.12 | ₹2.89 | ₹5.12 | ₹0.08 | ₹0.85 | ₹-2.95 | ₹-5.85 | ₹4.19 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,298 Cr | 4,696 Cr | 6,679 Cr | 4,987 Cr | 4,585 Cr | 4,813 Cr | 5,429 Cr | 4,641 Cr | 4,828 Cr | 4,462 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 4,055 Cr | 4,423 Cr | 6,339 Cr | 4,779 Cr | 4,281 Cr | 4,563 Cr | 5,072 Cr | 4,382 Cr | 4,521 Cr | 4,324 Cr | Sign in free for the trailing twelve months |
| EBITDA | 243 Cr | 273 Cr | 340 Cr | 208 Cr | 303 Cr | 250 Cr | 358 Cr | 260 Cr | 307 Cr | 138 Cr | Sign in free for the trailing twelve months |
| OPM % | 5.6% | 5.8% | 5.1% | 4.2% | 6.6% | 5.2% | 6.6% | 5.6% | 6.4% | 3.1% | Sign in free for the trailing twelve months |
| Other income | 36 Cr | 74 Cr | 65 Cr | 46 Cr | 69 Cr | 68 Cr | 76 Cr | 86 Cr | 55 Cr | 62 Cr | Sign in free for the trailing twelve months |
| Interest | 80 Cr | 59 Cr | 118 Cr | 171 Cr | 76 Cr | 70 Cr | 48 Cr | 63 Cr | 70 Cr | 56 Cr | Sign in free for the trailing twelve months |
| Depreciation | 30 Cr | 34 Cr | 44 Cr | 74 Cr | 75 Cr | 69 Cr | 82 Cr | 110 Cr | 144 Cr | 142 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 163 Cr | 164 Cr | 241 Cr | 7 Cr | 246 Cr | 166 Cr | 303 Cr | 166 Cr | 170 Cr | -89 Cr | Sign in free for the trailing twelve months |
| Tax % | 37.1% | 49.2% | 36.3% | 243.6% | 23.3% | 25.2% | 28.7% | 21.2% | 21.4% | -2.1% | Sign in free for the trailing twelve months |
| Net profit | 102 Cr | 84 Cr | 154 Cr | -10 Cr | 189 Cr | 124 Cr | 216 Cr | 131 Cr | 133 Cr | -91 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹10.10 | ₹8.23 | ₹15.02 | ₹-0.99 | ₹16.54 | ₹10.85 | ₹18.80 | ₹11.39 | ₹11.57 | ₹-7.88 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 0.0% | 0.0% | 15.9% | 35.1% | 25.9% | — | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 20 Cr | 20 Cr | 20 Cr | 23 Cr | 23 Cr | 23 Cr | 23 Cr | 23 Cr | 23 Cr | 23 Cr |
| Reserves | 843 Cr | 916 Cr | 1,035 Cr | 1,326 Cr | 1,555 Cr | 1,709 Cr | 1,884 Cr | 1,418 Cr | 1,702 Cr | 1,571 Cr |
| Borrowings | 546 Cr | 718 Cr | 1,585 Cr | 742 Cr | 266 Cr | 45 Cr | 0.17 Cr | — | — | — |
| Other liabilities | 1,670 Cr | 1,812 Cr | 2,538 Cr | 2,477 Cr | 2,424 Cr | 2,241 Cr | 2,770 Cr | 2,392 Cr | 2,494 Cr | 2,666 Cr |
| Total liabilities | 3,078 Cr | 3,466 Cr | 5,179 Cr | 4,567 Cr | 4,268 Cr | 3,992 Cr | 4,677 Cr | 3,833 Cr | 4,219 Cr | 4,260 Cr |
| Fixed assets (net) | 310 Cr | 313 Cr | 346 Cr | 306 Cr | 306 Cr | 426 Cr | 478 Cr | 352 Cr | 595 Cr | 274 Cr |
| CWIP | 8 Cr | 4 Cr | 7 Cr | 9 Cr | 10 Cr | 28 Cr | 41 Cr | 62 Cr | 9 Cr | 1 Cr |
| Investments | 72 Cr | 8 Cr | 11 Cr | 13 Cr | 131 Cr | 136 Cr | 176 Cr | 171 Cr | 390 Cr | 415 Cr |
| Loans & advances | — | — | 0.02 Cr | 0.03 Cr | 0.01 Cr | 0.01 Cr | 0.35 Cr | 0.50 Cr | 0.01 Cr | 0.01 Cr |
| Inventories | 571 Cr | 579 Cr | 830 Cr | 699 Cr | 986 Cr | 998 Cr | 1,072 Cr | 757 Cr | 717 Cr | 534 Cr |
| Trade receivables | 1,342 Cr | 1,749 Cr | 2,624 Cr | 2,049 Cr | 1,512 Cr | 1,140 Cr | 1,481 Cr | 1,163 Cr | 1,286 Cr | 1,141 Cr |
| Cash & bank | 25 Cr | 22 Cr | 11 Cr | 102 Cr | 46 Cr | 119 Cr | 342 Cr | 114 Cr | 120 Cr | 222 Cr |
| Other assets | 750 Cr | 792 Cr | 1,349 Cr | 1,390 Cr | 1,277 Cr | 1,145 Cr | 1,087 Cr | 1,214 Cr | 1,102 Cr | 1,672 Cr |
| Total assets | 3,078 Cr | 3,466 Cr | 5,179 Cr | 4,567 Cr | 4,268 Cr | 3,992 Cr | 4,677 Cr | 3,833 Cr | 4,219 Cr | 4,260 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 437 Cr | -103 Cr | -621 Cr | 626 Cr | 658 Cr | 914 Cr | 450 Cr | 354 Cr | 347 Cr | 619 Cr |
| Cash from investing | -91 Cr | 36 Cr | -104 Cr | -41 Cr | -110 Cr | -71 Cr | -88 Cr | -210 Cr | -195 Cr | -380 Cr |
| Cash from financing | -368 Cr | 64 Cr | 713 Cr | -495 Cr | -604 Cr | -771 Cr | -139 Cr | -371 Cr | -146 Cr | -137 Cr |
| Net cash flow | -21 Cr | -3 Cr | -11 Cr | 90 Cr | -56 Cr | 72 Cr | 223 Cr | -227 Cr | 6 Cr | 103 Cr |
| Free cash flow (OCF − Capex) | 381 Cr | -141 Cr | -678 Cr | 595 Cr | 618 Cr | 839 Cr | 365 Cr | 223 Cr | 293 Cr | 532 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 17.2% | 13.5% | 13.6% | 8.5% | 17.5% | 13.5% | 18.4% | 15.9% | 13.9% | -2.1% |
| ROE % | 11.8% | 8.9% | 14.8% | -0.7% | 12.1% | 7.5% | 11.3% | 9.1% | 7.7% | -5.7% |
| Debtor days | 114 | 136 | 143 | 150 | 120 | 86 | 99 | 91 | 97 | 93 |
| Inventory days | 1064 | 644 | 608 | 745 | 1025 | 607 | 683 | 538 | 476 | 394 |
| Days payable | 1184 | 951 | 808 | 970 | 998 | 752 | 1000 | 397 | 298 | 345 |
| Cash conversion cycle | -7 | -171 | -57 | -75 | 147 | -58 | -217 | 232 | 275 | 142 |
| OCF / EBITDA % | 180.0% | -37.7% | -182.4% | 300.7% | 217.1% | 365.4% | 125.7% | 136.2% | 112.8% | 449.7% |
| OCF / EBITDA % (3 years) | — | — | -33.5% | -11.8% | 78.0% | 288.7% | 221.9% | 198.0% | 124.4% | 187.3% |
| Debt / equity | 0.63 | 0.77 | 1.50 | 0.55 | 0.17 | 0.03 | 0.0001 | 0.00 | — | — |
| Current ratio | 1.01 | 1.10 | 1.05 | 1.11 | 1.17 | 1.20 | 1.30 | 1.21 | 1.29 | 1.11 |
| Net debt / EBITDA | 2.14 | — | 4.63 | 3.08 | 0.73 | -0.30 | -0.95 | -0.44 | -0.39 | -1.61 |