NSE: BAJAJELEC | BSE: 500031

Falling Comet

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543.35 -21.60 (-3.82%)

High vol. this week

NSE 26 Sep, 2025 3:31 PM (IST)

6,268.6

Market Cap

Above industry Median

1.2

Beta 1Year

High 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.

17 Feb 2020

543.35

-3.82%

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. has lost -44.04% in the last 1 Year

Bajaj Electricals Ltd.

12 Nov 2019

543.35

-3.82%

Bajaj Electricals Ltd: Betting Big on Consumer Business

Hold: Bajaj Electricals Ltd.

Target

Karvy

Bajaj posted a revenue decline of 31.7 percentYoY due to sluggish performance of EPC segment impacted by lower execution in UP projects.

Bajaj Electricals Ltd. is trading below all available SMAs

Bajaj Electricals Ltd.

11 Nov 2019

543.35

-3.82%

Bajaj Electricals

Sell: Bajaj Electricals Ltd.

Recommendation Target

ICICI Securities Limited

The CD division revenue growth at ~9% YoY was largely impacted by slower demand in Q2FY20. While the fan business increased 22% YoY, the appliances, lighting and Morphy Richards business grew albeit at a low pace of ~7%, ~2% and 2.2%, respectively. We believe the CD business is likely to grow at a CAGR of ~13% in FY19-21E led by dealer addition and market share gain in some of the leading categories like fan and water heater segments, going forward. On the EPC front, while illumination and lighting revenue grew ~11% YoY, the transmission line tower and power...

Number of FII/FPI investors increased from 104 to 113 in Jun 2025 qtr.

Bajaj Electricals Ltd.

09 Aug 2019

543.35

-3.82%

Bajaj Electricals

Hold: Bajaj Electricals Ltd.

Target

ICICI Securities Limited

Though we are positive on BEL's CD business (with revenue CAGR of ~19% in FY19-21E) led by expansion in dealer network, lumpiness of EPC business would dent overall profitability of BEL with high debt level. We believe the poor performance of the EPC business and higher interest cost would overshadow the profitability of CD business. On an SOTP basis, we cut our multiples owing to flattish growth for the company and value BEL's CD segment at MCap of 1.1x FY21E sales (~55% discount to peers) and E&P; segment at 4x FY21E EV/EBITDA. We revise our rating downward from...

Bajaj Electricals Ltd. is trading below all available SMAs

Bajaj Electricals Ltd.

29 May 2019

543.35

-3.82%

Bajaj Electricals Ltd: Consumer Segment Upholds Growth

Hold: Bajaj Electricals Ltd.

Recommendation Target

Karvy

Consumer Segment Upholds Growth: Bajaj posted a revenue growth of 10.4% YoY backed by a very strong growth of 15%in consumer products segment.

Bajaj Electricals Ltd. has an average target of 700.50 from 2 brokers.

Bajaj Electricals Ltd.

23 May 2019

543.35

-3.82%

Bajaj Electricals

Hold: Bajaj Electricals Ltd.

ICICI Securities Limited

BEL's CD business recorded revenue growth of ~15%, 23% in Q4FY19, FY19, respectively, due to low base and increased reach post completion of RREP. This is largely driven by strong performance in the appliances category that grew ~22%, 30% YoY in Q4FY19, FY19, respectively, followed by the fan business, which grew 19%, 26% YoY, respectively. We model CD segment revenue CAGR of 17% in FY19-21E vs. management guidance of ~24%. However, EPC segment revenue growth at 7%, 58% YoY in Q4FY19, FY19, respectively, was due to execution of large ECP project in UP. The EPC...

Promoters released all pledges in Jun 2025 qtr.

Bajaj Electricals Ltd.

02 Apr 2019

543.35

-3.82%

We visited Bajaj Electricals (BJE) distributors and retailers in South & West markets to...

Buy: Bajaj Electricals Ltd.

Target

Emkay

We visited Bajaj Electricals (BJE) distributors and retailers in South & West markets to understand the success of its new distribution program. The network now covers 200k retailers across 350 districts. BJE should cover 250k retailers by March 2020. We came out positive after visiting BJE's channel partners with following key takeaways: 1) the ROI at retailer level has increased, 2) premium category growing faster than the...

Bajaj Electricals Ltd. average weekly volume is high.

Bajaj Electricals Ltd.

19 Feb 2019

543.35

-3.82%

Bajaj Electricals Ltd: Bajaj Continues to Strengthen on RREP Model

Buy: Bajaj Electricals Ltd.

Target

Karvy

Bajaj Continues to Strengthen on RREP Model: BEL has posted a very good set of numbers backed by 26.7% YoY growth indurables segment and 157% YoY growth in EPC segment.

Bajaj Electricals Ltd. has an average target of 700.50 from 2 brokers.

Bajaj Electricals Ltd.

08 Feb 2019

543.35

-3.82%

Bajaj Electricals

Hold: Bajaj Electricals Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Bajaj Electricals recorded strong topline growth of ~89% YoY in Q3FY19 led by ~157% YoY growth in engineering & project (E&P;) division due to fast execution of EPC orders from Uttar Pradesh. Consumer durable (CD), which includes appliances and lighting business grew ~27% YoY led by ~40% YoY growth in appliances category. However, lighting segment sales were muted owing to continued pricing pressure in the LED segment. Within the...

Bajaj Electricals Ltd. average weekly volume is high.

Bajaj Electricals Ltd.

02 Nov 2018

543.35

-3.82%

Bajaj Electricals Ltd: Banking on a Very Strong Distribution Channel

Buy: Bajaj Electricals Ltd.

Karvy

Banking on a Very Strong Distribution Channel: The revenues came in at Rs. 1598 mn growing by 70.9% YoY beating our expectations. Both the segments have performed strongly to drive growth. EPC has posted a strong growth of 126.9% YoY majorly driving the huge revenue growth.

Promoters released all pledges in Jun 2025 qtr.

Is Bajaj Electricals Ltd. worth buying?

114 Votes:

Buy 74.56%

Sell 20.18%

Hold 5.26%

RESEARCH REPORTS

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