NSE: BAJAJELEC | BSE: 500031

Mid-range Performer

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666.30 -5.80 (-0.86%)

39.97% Fall from 52W High

149.9K NSE+BSE Volume

NSE 19 May, 2025 3:31 PM (IST)

7,685.3

Market Cap

Below industry Median

1.1

Beta 1Year

Average volatility

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.

04 Feb 2021

666.30

-0.86%

Q3FY21 Result Update - CP trajectory maintained; B/S gains on track - BUY

Buy: Bajaj Electricals Ltd.

Prabhudas Lilladhar

We increase our FY22/23 earnings estimates by 8.9%/ 9.8% and reiterate our positive stance on BJE given 1) resilient demand momentum across product categories, more so in kitchen appliances 2) market share gains aided by increased distribution reach in smaller towns/ rural India and mass market positioning 3) persistent expansion of CP margins 4) sustained improvement of balance sheet aided by robust cash flows generation. Although sustained...

Bajaj Electricals Ltd. is trading above its 100 day SMA of 641.6

Bajaj Electricals Ltd.

06 Nov 2020

666.30

-0.86%

Bajaj Electricals

Buy: Bajaj Electricals Ltd.

Target

ICICI Securities Limited

ECD segment revenue in Q2FY21 grew ~13% YoY supported by a strong demand recovery post easing of lockdown restrictions. Product wise, appliances, fans, Morphy Richards (MR) revenue grew 14%, 20% and 12% YoY, respectively, while lighting revenues reached pre-Covid levels in Q2FY21. The faster recovery was supported by BEL's strong presence in suburban, rural markets and market share gains. On the project business, closure of about eight to nine projects in Bihar help drive revenue up 8% YoY. BEL has changed its strategy to bid only transmission line towers (TLT),...

Bajaj Electricals Ltd. has gained 22.47% in the last 1 Month

Bajaj Electricals Ltd.

05 Nov 2020

666.30

-0.86%

Q2FY21 Result Update - Mass positioning ensures strong momentum - BUY

Buy: Bajaj Electricals Ltd.

Target

Prabhudas Lilladhar

We increase our FY21/22/23 earnings estimates by 37.3%/ 9.5%/ 3.7% and reiterate our positive stance on BJE given 1) Upsurge in demand for kitchen appliances and fans post pandemic 2) strong momentum in mass segment, more so in tier2/3 cities 3) guidance of 1% margin expansion in CP/year over the next few years and 4) strengthening of balance sheet aided by robust cash flows generation. EPC reported positive EBIT in 2Q aided by margin reversals...

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

Bajaj Electricals Ltd.

12 Aug 2020

666.30

-0.86%

Bajaj Electricals

Buy: Bajaj Electricals Ltd.

Target

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 22.47% in the last 1 Month

Bajaj Electricals Ltd.

11 Aug 2020

666.30

-0.86%

Q1FY21 Result Update - CP bounces back, B/S gains on track - BUY

Buy: Bajaj Electricals Ltd.

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 703.50 from 2 brokers.

Bajaj Electricals Ltd.

06 Jul 2020

666.30

-0.86%

Company Initiations - Mass market play in consumer electricals - BUY

Buy: Bajaj Electricals Ltd.

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. is trading above its 100 day SMA of 641.6

Bajaj Electricals Ltd.

22 Jun 2020

666.30

-0.86%

Bajaj Electricals

Buy: Bajaj Electricals Ltd.

Target

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...

Number of FII/FPI investors decreased from 110 to 104 in Mar 2025 qtr

Bajaj Electricals Ltd.

21 Jun 2020

666.30

-0.86%

Bajaj Electric

Buy: Bajaj Electricals Ltd.

Yes Securities

Bajaj Electricals Ltd. has gained 22.47% in the last 1 Month

Bajaj Electricals Ltd.

30 Mar 2020

666.30

-0.86%

Bajaj Electricals

Buy: Bajaj Electricals Ltd.

Target

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. is trading above its 100 day SMA of 641.6

Bajaj Electricals Ltd.

17 Feb 2020

666.30

-0.86%

Bajaj Electricals

Buy: Bajaj Electricals Ltd.

Recommendation Target

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 below its 150 day SMA of 705.3

Is Bajaj Electricals Ltd. worth buying?

111 Votes:

Buy 73.87%

Sell 20.72%

Hold 5.41%

RESEARCH REPORTS

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