NSE: BAJAJELEC | BSE: 500031

Slowing Down Stock

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537.10 -8.00 (-1.47%)

51.61% Fall from 52W High

61,610 NSE+BSE Volume

NSE 02 May, 2025 3:31 PM (IST)

6,195

Market Cap

Below industry Median

0.8

Beta 1Year

Low volatility

Board Meeting

The next board meeting for Bajaj Electricals Ltd. is on 12 May 2025 for the purpose of Audited Results & Final Dividend See details

Bajaj Electricals Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BAJAJELEC, BSE:500031 Bajaj Electricals Ltd.

Bajaj Electricals Ltd.

18 May 2022

537.10

-1.47%

Bajaj Electricals

Hold: Bajaj Electricals Ltd.

ICICI Direct

Bajaj Electricals Ltd. is trading below all available SMAs

Bajaj Electricals Ltd.

09 Feb 2022

537.10

-1.47%

Bajaj Electricals

Hold: Bajaj Electricals Ltd.

Recommendation

ICICI Securities Limited

CGCEL is the market leader in the fan industry and increasing its presence in the small appliance category. The company has a strong balance sheet with RoCE, RoEs of 34% & 39% respectively...

Bajaj Electricals Ltd. has lost -24.64% in the last 3 Months

Bajaj Electricals Ltd.

08 Feb 2022

537.10

-1.47%

BAJAJ ELECTRICALS

Accumulate: Bajaj Electricals Ltd.

Target

Prabhudas Lilladhar

We cut FY22/23/24 EPS by 13.1%/ 2.9%/ 3.7% given 1) RM inflation led margin pressures 2) demand softness more so in rural India 3) inability to pass on input cost inflation through price hikes. 3Q was impacted by a high base (pent-up demand) and moderating demand scenario leading to c.20% YoY volume de-growth. Although with no visible bounce back seen in demand...

Bajaj Electricals Ltd. has an average target of 703.50 from 2 brokers.

Bajaj Electricals Ltd.

15 Nov 2021

537.10

-1.47%

Bajaj Electricals

Buy: Bajaj Electricals Ltd.

Target

ICICI Securities Limited

CGCEL is the market leader in the fan industry and increasing its presence in the small appliance category. The company has a strong balance sheet with RoCE, RoEs of 34% & 39% respectively...

Bajaj Electricals Ltd. has an average target of 703.50 from 2 brokers.

Bajaj Electricals Ltd.

12 Nov 2021

537.10

-1.47%

Q2FY22 Result Update - LT story intact; upgrade to Accumulate

Accumulate: Bajaj Electricals Ltd.

Target

Prabhudas Lilladhar

to 1) RM inflation and 2) EPC losses. However, BJE continued to impress with continued balance sheet improvements (CFO of Rs4.7b/ Debt reduction of Rs4.9bn). Despite demand not being as buoyant as LY (due to pent-up demand), given sustained MoM improvements, BJE remains optimistic on the...

Bajaj Electricals Ltd. has lost -43.14% in the last 1 Year

Bajaj Electricals Ltd.

12 Aug 2021

537.10

-1.47%

Bajaj Electricals

Buy: Bajaj Electricals Ltd.

Target

ICICI Securities Limited

About the stock: Bajaj Electrical's business portfolio spans across s consumer products (CP) and EPC (illumination, power transmission and power distribution). CP (appliances, fans, lighting) contributes ~72% to topline and its premium brands includes Morphy Richards and Nirlep. The company...

Bajaj Electricals Ltd. has lost -38.44% in the last 6 Months

Bajaj Electricals Ltd.

11 Aug 2021

537.10

-1.47%

Q1FY22 Result Update - RM inflation/ One off expenses mar 1Q earnings - HOLD

Hold: Bajaj Electricals Ltd.

Recommendation Target

Prabhudas Lilladhar

We cut our FY22/23 earnings by 6.2% / 1.5% on soft 1Q given margin pressures on the back of 1) unabated commodity inflation and 2) various oneoffs/ non comparable costs. CP margins were negatively impacted due to 1) reallocation of costs (Rs12cr) from EPC to CP 2) increased A&P; spends (Rs29cr vs Rs14cr) 3) Delay in transition of logistics arrangement with Mahindra due to Covid (Rs5cr) 4) Employee incentives (Rs3cr) and 5) VRS in Hind Lamps facility (Rs2cr). However, with demand trend fairly healthy BJE...

Bajaj Electricals Ltd. has lost -24.64% in the last 3 Months

Bajaj Electricals Ltd.

26 May 2021

537.10

-1.47%

Bajaj Electricals

Buy: Bajaj Electricals Ltd.

Target

ICICI Securities Limited

Bajaj's CP EBIT margin increased 190 bps YoY to 8.7% in Q4 (up 320 bps YoY to 9.6% in FY21) led by price hikes and higher operating leverage. On the EPC front, the company managed to reduce losses from | 23 crore in Q4FY20 to ~ | 8 crore in Q4FY21 due to reduction in exposure of low margin orders and various cost optimisation measures. While BEL guided that project business will start a positive contribution from FY22E onwards, the CP segment margin would see further improvement (EBIT margin of 10%+)...

Bajaj Electricals Ltd. has lost -43.14% in the last 1 Year

Bajaj Electricals Ltd.

06 Feb 2021

537.10

-1.47%

Bajaj Electricals

Buy: Bajaj Electricals Ltd.

Target

ICICI Securities Limited

Despite higher advertisement expenses (up 29% YoY to | 45 crore), the strong CP segment margin was a function of better gross margin and permanent savings in other overheads like logistics costs. EBITDA margin is likely to remain elevated supported by price hikes (in the range of 5-9% from January 2021) and increased focus on premium product category. We...

Bajaj Electricals Ltd. is trading below all available SMAs

Is Bajaj Electricals Ltd. worth buying?

110 Votes:

Buy 73.64%

Sell 20.91%

Hold 5.45%

RESEARCH REPORTS

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