Bajaj Elect.ltd
NSE: BAJAJELEC · Household Appliances · sector
₹275.65NSE close 2026-10-26
Key numbers
Market cap₹3,181 cr
Price₹275.65
52w high / low₹548 / ₹276
P/E–Sector median 41.4x
P/B2.0xSector median 4.5x
Book value₹138.1
Dividend yield1.09%Sector median 0.69%
ROE-2.6%Sector median 10.0%
ROCE2.5%Sector median 11.2%
OPM2.6%Sector median 6.7%
Debt / equity0.00xSector median 0.03x
EV/EBITDA22.8xSector median 20.9x
Interest cover0.7x
Current ratio1.11x
Sales growth 3y-6.3%Sector median +7.1%
Profit growth 3y–Sector median +9.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 23 companies in Household Appliances (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹520 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 0.7x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹275.65 on 2026-10-26: -49.7% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹981.15 · low ₹275.65
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,118 | 1,290 | 1,265 | 1,065 | 1,107 | 1,051 | 1,240 | 1,089 |
| EBITDA | 52 | 87 | 114 | 27 | 62 | -16 | -16 | 86 |
| OPM % | 4.6% | 6.8% | 9.0% | 2.5% | 5.6% | -1.5% | -1.3% | 7.9% |
| Other income | 15 | 13 | 16 | 30 | 8 | 15 | 9 | 26 |
| Net profit | 13 | 33 | 59 | 1 | 10 | -34 | -68 | 48 |
| EPS (₹) | 1.12 | 2.89 | 5.12 | 0.08 | 0.85 | -2.95 | -5.85 | 4.19 |
| Revenue YoY | -1.0% | -18.5% | -2.1% | +2.3% | ||||
| Profit YoY | -23.6% | -202.2% | -214.4% | +5,215.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 4,813 | 5,429 | 4,641 | 4,828 | 4,462 | 4,487 |
| EBITDA | 237 | 358 | 260 | 329 | 47 | 117 |
| Net profit | 129 | 216 | 131 | 133 | -91 | -43 |
| EPS (₹) | 10.85 | 18.80 | 11.39 | 11.57 | -7.88 | -3.76 |
| Revenue growth | +12.8% | -14.5% | +4.0% | -7.6% | -5.3% | |
| Profit growth | +68.2% | -39.4% | +1.8% | -168.1% | -140.9% | |
| Dividend / share (₹) | – | 3.00 | 4.00 | 3.00 | 3.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -6.3% | -0.5% | -5.3% |
| Net profit | – | – | -140.9% |
| EPS | – | – | – |
| Share price | – | -41.5% (2y) | -45.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,907 | 1,441 | 1,725 | 1,594 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 411 | 305 | 182 | 520 |
| Total assets | – | 4,677 | 3,833 | 4,219 | 4,260 |
| Fixed assets | – | 478 | 352 | 595 | 274 |
| Capital work in progress | – | 41 | 62 | 9 | 1 |
| Investments | – | 6 | 5 | 5 | 5 |
| Receivables | – | 1,481 | 1,163 | 1,286 | 1,141 |
| Inventory | – | 1,072 | 757 | 717 | 534 |
| Payables | – | 1,569 | 559 | 450 | 467 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 914 | 450 | 354 | 347 | 619 |
| Cash from investing | -71 | -88 | -210 | -195 | -380 |
| Cash from financing | -771 | -139 | -371 | -146 | -137 |
| Capex | 76 | 84 | 131 | 54 | 87 |
| Free cash flow | 838 | 365 | 223 | 293 | 532 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 11.3% | 9.1% | 7.7% | -5.7% |
| ROCE % | – | 18.4% | 16.4% | 13.9% | -2.1% |
| Debtor days | – | 100 | 91 | 97 | 93 |
| Inventory days | – | 105 | 85 | 79 | 64 |
| Payable days | – | 154 | 63 | 50 | 56 |
| Cash conversion cycle (days) | – | 51 | 113 | 126 | 101 |
| Working capital days | – | 53 | 35 | 49 | 21 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 62.68% |
| FIIs | 5.36% |
| DIIs | 15.97% |
| of which Mutual funds | 15.97% |
| Public (non-institutions) | 15.99% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 62.72% | 62.72% | 62.72% | 62.70% | 62.69% | 62.69% | 62.69% | 62.68% |
| Promoter group | % |
|---|---|
| Bajaj Holdings And Investment Limited | 16.58% |
| Jamnalal Sons Private Limited | 14.67% |
| Kiran Bajaj | 4.89% |
| Geetika Bajaj | 1.87% |
| Geetika Shekhar Bajaj Trust (Shekhar Bajaj as a Trustee) | 1.65% |
| Vanraj Bajaj | 1.60% |
| Shekhar Bajaj | 1.57% |
| Pooja Bajaj | 1.34% |
| Shekhar Holdings Private Limited | 1.28% |
| Baroda Industries Private Limited | 1.22% |
| Niraj Holdings Private Limited | 1.22% |
| Rahul Securities Private Limited | 1.22% |
| Hind Musafir Agency Limited | 1.12% |
| Manish Santoshkumar Kejriwal | 1.07% |
| Niraj Bajaj | 0.98% |
| Public holders above 1% | % |
|---|---|
| Hdfc Small Cap Fund | 7.64% |
| Icici Prudential Multicap Fund | 4.24% |
| Government Pension Fund Global | 3.07% |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 2.68% |
| Tata Flexi Cap Fund | 1.41% |
87,446 shareholders. Pledged: 0.00% of promoter shares.
Peers in Household Appliances
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LGEINDIA | ₹1,10,056 cr | 60.3x | 14.4x | 23.8% | 33.0% | 10.1% | – | – |
| VOLTAS | ₹31,347 cr | 69.8x | 4.9x | 7.0% | 11.8% | 4.7% | +14.5% | 0.74% |
| BLUESTARCO | ₹30,933 cr | 60.8x | 9.0x | 15.7% | 18.4% | 6.8% | +15.8% | 0.59% |
| AMBER | ₹20,836 cr | 216.5x | 4.8x | 2.9% | 8.7% | 6.7% | +20.7% | – |
| CROMPTON | ₹12,488 cr | – | 4.1x | -5.5% | 1.6% | 1.8% | +5.6% | 1.54% |
| VGUARD | ₹11,619 cr | 32.0x | 4.9x | 16.3% | 20.7% | 9.1% | +13.1% | 0.56% |
| WHIRLPOOL | ₹10,192 cr | 40.6x | 2.5x | 6.2% | 9.2% | 4.6% | +6.4% | 0.63% |
| TTKPRESTIG | ₹7,197 cr | 37.2x | 3.6x | 10.0% | 13.8% | 9.3% | +2.3% | 1.14% |
| EUREKAFORB | ₹5,880 cr | 32.7x | 1.3x | 4.0% | 5.5% | 10.7% | – | – |
| BAJAJELEC | ₹3,181 cr | – | 2.0x | -2.6% | 2.5% | 2.6% | -6.3% | 1.09% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Consumer Products | ₹3,343 cr | 74.9% | ₹-49 cr | -1.5% |
| Lighting Solutions | ₹1,120 cr | 25.1% | ₹95 cr | 8.5% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-17 | Dividend | Dividend - Rs 3 Per Share |
| 2025-07-18 | Dividend | Dividend - Rs 3 Per Share |
| 2024-07-19 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2023-09-14 | Restructuring | Demerger |
| 2023-07-28 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2022-07-28 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2020-02-05 | Rights | Rights 13:118 @ Premium Rs 308/- |
| 2019-07-25 | Dividend | Annual General Meeting/Dividend Rs 3.50 Per Share |
| 2018-08-02 | Dividend | Annual General Meeting/Dividend- Rs 3.50 Per Share |
| 2017-07-27 | Dividend | Annual General Meeting/Dividend - Rs 2.80 Per Share |
| 2016-07-28 | Other | Annual General Meeting |
| 2016-03-17 | Dividend | Interim Dividend - Rs 2.80/- Per Share (Purpose Revised) |
| 2015-07-29 | Dividend | Annual General Meeting / Dividend - Rs 1.50/- Per Share |
| 2014-07-23 | Dividend | Annual General Meeting/Dividend Rs 1.50/- Per Share |
| 2013-07-29 | Dividend | Annual General Meeting/Dividend Rs 2/- Per Share |
| 2012-07-18 | Dividend | Annual General Meeting / Dividend Rs 2.80 Per Share |
| 2011-07-20 | Dividend | Dividend-Rs.2.80 Per Share |
| 2010-07-19 | Dividend | Dividend-Rs.2.40 Per Share |
| 2010-01-28 | Split | Fv Split Rs.10 To Rs.2 |
| 2009-07-22 | Other | Agm/Div-Rs.10/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing and Trading of Consumer Products: The company deals with the manufacturing and trading of consumer durables products which include fans, domestic appliances, kitchen appliances, and non-electrical kitchen aids.
- Manufacturing and Trading of Lighting Products: The Company deals with the manufacturing and trading of lighting products which includes LED products, such as lamps, bulbs, battens and ceiling lights in consumer lighting and poles, highmast, street lighting, area lighting, etc. in professional lighting.
| Sector | Consumer Discretionary |
| Industry | Household Appliances |
| Sub-industry | Household Appliances |
| Symbol | BAJAJELEC |
| BSE code | 500031 |
| ISIN | INE193E01025 |
| Face value | ₹2.0 |
| Incorporated | 1938-07-14 |
| Website | www.bajajelectricals.com |
| Plants (India / abroad) | 4 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.