Bajaj Electricals Ltd.    
12 Aug 2020
487.45
-0.81%
ICICI Securities Limited
Strong rural presence drives faster recovery in ECD demand The ECD segment revenue in Q1FY21 fell ~50% YoY due to almost nil sales in April 2020. However, the company saw a demand recovery of 50% in May 2020 while June 2020 sales rose 4% compared to the same period last year. The faster recovery was supported by BEL's strong presence in suburban and rural markets. On the project business, revenue fell ~60% YoY in Q1FY21. On the project front, BEL has changed its strategy to bid only transmission line towers (TLT) and illumination projects and reduce the...
Bajaj Electricals Ltd. has gained 43.20% in the last 6 Months
Bajaj Electricals Ltd.    
12 Aug 2020
487.45
-0.81%
Nirmal Bang Institutional
Bajaj Electricals (BJE) reported 1QFY21 revenue of Rs6.1bn, down 53% YoY and 14% below consensus estimate. The topline was impacted due to temporary suspension of Click Here COVID-19 dents performance; Debt reduction a key focus manufacturing, sales and distribution activities in the Consumer Durables segment and project execution in the EPC segment amid COVID-19 lockdown. Lower revenue led to EBITDA loss of Rs208mn (v/s consensus estimate of profit of Rs76mn) and net loss of Rs272mn (v/s consensus estimate of loss of Rs192mn). Consumer Product sales declined 50% YoY to Rs3.9bn (65% of total sales). However, sales recovery in the latter half of 1QFY21...
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Bajaj Electricals Ltd. is trading below it's 30 day SMA of 496.5
Bajaj Electricals Ltd.    
11 Aug 2020
487.45
-0.81%
Prabhudas Lilladhar
We cut our FY21/22 estimates by 32%/ 3.6% on soft 1Q even as BJE Concall re-affirmed our positive stance given 1) strong underlying demand despite supply chains disruption 2) 4% YoY growth in Consumer Products (CP) in June and just flattish sales in July 3) Kitchen appliances lead recovery where BJE is market leader and 4) guidance of 1% EBIDTA margin expansion in CP/year over the next few years. Although EPC continues to be plagued by delayed execution due to Covid-19 and high overheads, collection...
Bajaj Electricals Ltd. has an average target of 462.00 from 6 brokers.
Bajaj Electricals Ltd.    
06 Jul 2020
487.45
-0.81%
Prabhudas Lilladhar
BJE - Play on mass market Appliances ................................................................. 4 Story in charts ........................................................................................................ 5 BJE well placed to capture uptick in demand ........................................................ 6 Mass market positioning to capture uptick in demand ........................................ 6 Appliances (60% of CP sales): Distribution expansion & product differentiation key to growth ............................................................................... 7 Fans (26% of CP sales): Grow faster than the market; recoup lost market share ...................................................................................................... 8...
Bajaj Electricals Ltd. has an average target of 462.00 from 6 brokers.
Bajaj Electricals Ltd.    
22 Jun 2020
487.45
-0.81%
Nirmal Bang Institutional
Bajaj Electricals (BJE) reported 4QFY20 revenue of Rs12.9bn, down 27% YoY, owing to COVID-19 led disruption. Consumer Product sales was flat YoY at Rs7.5bn (57% of total Click Here COVID-19 dents performance; Debt reduction a key focus sales) while E&P; revenue declined 46% YoY to Rs5.5bn (43% of total sales), owing to planned reduction in fresh bidding. EBITDA fell by 52% YoY to Rs334mn with a margin of 2.6%, down 130bps YoY. EBIT margin of Consumer Product rose 20bps YoY to 6.4% while E&P; segment posted EBIT loss of Rs234mn. BJE reported PBT loss of Rs11mn. A tax write-back of Rs11mn led to nil PAT. Considering the challenges due to COVID-19 restrictions, BJE...
Bajaj Electricals Ltd. has gained 28.63% in the last 1 Year
Bajaj Electricals Ltd.    
22 Jun 2020
487.45
-0.81%
ICICI Securities Limited
Consumer business revenue remains flat despite lockdown Despite a lockdown in March, CD business revenue posted marginal growth of 0.6% YoY led by growth in appliances, fans, Morphy Richards by 1.4%, 0.3%, 5.7%, respectively. The lighting division posted ~4% YoY dip in revenue. The company kept its focus on select product categories like fans, appliances and air coolers that are likely to see pent up demand and drive its topline at 12-15%, going forward. On the project front, BEL has changed its strategy to bid only transmission line towers (TLT) and illumination...
Bajaj Electricals Ltd. has gained 43.20% in the last 6 Months
Bajaj Electricals Ltd.    
21 Jun 2020
487.45
-0.81%
buy
Bajaj Electricals Ltd. has gained 43.20% in the last 6 Months
Bajaj Electricals Ltd.    
30 Mar 2020, 12:00AM
487.45
-0.81%
ICICI Securities Limited
Our interaction with managements and dealers indicates significant prebuying activity of consumer goods during January-February 2020 on fears of supply related issues from China. While companies have secured supplies to avoid any disturbance in sales in Q4FY20, demand was negatively impacted in March 2020 owing to holiday and post that lockdown across countries. We also believe a late recovery in demand for consumer goods will also impact Q1FY21 performance due to 1) shortage of workers (due to heavy migration), 2) shift in focus on essential goods compared to discretionary products and 3) streamlining of supply chain....
Bajaj Electricals Ltd. has an average target of 462.00 from 6 brokers.
Bajaj Electricals Ltd.    
17 Feb 2020
487.45
-0.81%
ICICI Securities Limited
BEL's E&P; segment revenue declined sharply by 53% YoY in 9MFY20 along with a reduction in order intake (| 4844 crore in FY19 vs. | 1742 crore in Q3FY20). The management plans to reduce the power distribution business in FY21E-22E by focusing on TLT and illumination (relatively better margin and asset turns). This is evident from the sharp reduction in receivables from | 2055 crore in FY19 to | 1470 crore in 9MFY20. This led to an improvement in cash flow and reduction in debt by ~| 200 crore in Q3FY20. The management has guided that with the infusion of equity (raised through...
Bajaj Electricals Ltd. is trading above it's 200 day SMA of 412.9
Bajaj Electricals Ltd.    
05 Feb 2020
487.45
-0.81%
Nirmal Bang Institutional
Bajaj Electricals (BJE) reported 3QFY20 revenue of Rs12.8bn, down 41% YoY. Consumer Product sales grew by 13% YoY to Rs8.6bn (67% of total sales) while E&P; revenue declined 70% YoY to Rs4.2bn (33% of total sales) due to reducing exposure of power distribution projects. EBITDA fell by 50% YoY to Rs684mn with a margin of 5.3%, down 110bps YoY. EBIT margin of Consumer Product rose 90bps YoY to 8.2% while E&P; segment posted EBIT loss of Rs138mn. With interest cost rising 18% YoY to Rs394mn, PAT declined 76% YoY to Rs155mn. BJE aims to grow its Consumer Product margins by 1% each year, thus aiming for double digit margins in four years. BJE aims to focus on cash flows (Rs2.1bn OCF in...
Bajaj Electricals Ltd. has gained 28.63% in the last 1 Year