āagman

Not investment advice. Data and computed figures, for information only.

Bajaj Electricals Ltd

NSE: BAJAJELEC
₹301.30
−₹5.40 (−1.76%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹3,681 Cr
CMP
₹301.30
52-wk High / Low
₹561 / 289
P/B
2.3
Book Value
₹138.0
Div Yield
0.94%
ROCE
3.0%
ROE
−0.7%
Face Value
₹2
D/E
0.10

Price−44.7% over 1Y

āagman read

Computed by āagman
Derived from 11 years and 13 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
ROIC
−0.2%
vs 12.3% sector median
Cash flow to profit
−6.80
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+397
bps OPM YoY
Operating margin vs the same quarter last year
ROE stability
6.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −1.13DII −0.06
Latest quarter vs the previous one
Cash-accrual divergence
−16.7%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 82.3% since FY2016 (899 to 159)
Watch-outs
−Latest ROCE of 3% trails the sector median of 19%
−Price trades below its 200-day moving average (0.8x)
−Price is 46.3% below its 52-week high
−Promoter holding fell by 0.2pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,1121,1131,2281,1881,1551,1181,2901,2651,0651,1071,0511,2401,089
Expenses1,0451,0381,1711,1381,0801,0671,2021,1721,0321,0501,0431,2001,012
Operating Profit6875585075528793335784077
OPM %6.1%6.7%4.7%4.2%6.5%4.7%6.7%7.4%3.1%5.1%0.8%3.2%7.1%
Other Income206432211151338248−14−4635
Interest12142018161719181813131316
Depreciation23273030323536413737353331
Profit before tax5341502438154571216−54−5266
Net Profit3727372928133359110−34−6848
EPS (₹)3.232.373.252.542.441.122.895.120.080.85−2.96−5.854.19

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 11 years + TTM
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,5904,2544,6976,6624,9854,5844,8114,8894,6394,8264,4614,487
Expenses4,3264,0114,4146,3254,7804,2814,5604,5154,3794,5194,3234,305
Operating Profit264243283338205303250375260307138182
OPM %5.8%5.7%6.0%5.1%4.1%6.6%5.2%7.7%5.6%6.4%3.1%4.1%
Other Income4630−2665469555468276−29−18
Interest108805911817176704463705654
Depreciation2730344474756974110144142135
Profit before tax1741631642417246166303168170−89−25
Net Profit10810284154−10189124216131133−91−43
EPS (₹)9.629.087.3913.76−0.8216.6411.1918.7811.3811.57−7.87−3.77

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital2020202023232323232323—
Reserves7348439161,0351,3261,5551,7091,8841,4181,7021,571—
Borrowings8996477231,5901,08454891101215243159—
Other Liabilities1,3051,5691,8062,5332,1352,1422,1692,9852,1772,2512,507—
Total Liabilities2,9573,0783,4665,1794,5674,2683,9924,9933,8334,2194,260—
Fixed Assets276310316393469531754770916950908—
CWIP218691118444263132—
Investments777281113554735233402—
Other Assets2,5832,6883,1364,7664,0753,7143,1894,1342,8193,0232,948—
Total Assets2,9573,0783,4665,1794,5674,2683,9924,9933,8334,2194,260—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity305437−103−621626658914449354347619
Cash from Investing Activity−53−9036−103−41−110−70−88−449−195−380
Cash from Financing Activity−239−36864713−495−604−771−139−133−146−137
Net Cash Flow13−22−3−1190−5673223−2276103

Ratios

As of 31 Mar 2026
11 periods
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—15.019.017.07.012.012.018.013.012.03.0
ROE %——————————−0.7
EPS (₹)9.629.087.3913.76−0.8216.6411.1918.7811.3811.57−7.87
Book Value (₹)——————————138.0
Face Value (₹)——————————2
P/E———————————
Div Yield %——————————0.94
NPM %2.32.41.82.3−0.24.02.54.42.82.7−2.1
OPM %6.06.06.05.04.17.05.08.06.06.03.1
D/E1.190.750.771.510.800.350.050.050.150.140.10
P/B——————————2.3

Growth

As of 27 Sep 2026
Compounded sales growth
10 years+0.0%
5 years−1.0%
3 years−3.0%
TTM−5.0%
Compounded profit growth
TTM−143.0%
Stock price CAGR
10 years+3.0%
5 years−24.0%
3 years−34.0%
Last year−41.0%
Return on equity
10 years8.0%
5 years7.0%
3 years4.0%
Last year−1.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters63.40%63.40%62.94%62.71%63.17%63.16%62.98%62.86%62.80%62.72%62.70%62.70%
FIIs7.55%7.55%9.72%5.70%7.96%12.42%10.64%11.22%10.18%7.79%6.50%5.37%
DIIs6.80%6.80%5.60%8.68%12.45%10.47%12.04%12.39%12.61%15.79%16.88%16.82%
Government0.00%0.00%0.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public22.25%22.25%21.53%22.91%16.41%13.95%14.35%13.51%14.41%13.70%13.94%15.12%
No. of shareholders30,70730,70730,46242,90242,17951,19471,89763,05963,09468,26381,28784,855
Change since Jun 2023 (pp)
Promoters −0.70FIIs −2.18DIIs +10.02Public −7.13

Documents

As of 27 Sep 2026
Announcements
Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseShareholder Meeting / Postal Ballot-Outcome of AGM
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptAug 2025Transcript

Corporate actions

As of 17 Jul 2026
17 Jul 2026DIVIDENDDividend - Rs 3 Per Share—
18 Jul 2025DIVIDENDDividend - Rs 3 Per Share—
19 Jul 2024DIVIDENDAnnual General Meeting/Dividend - Rs 3 Per Share—
14 Sep 2023DEMERGERDemerger—
28 Jul 2023DIVIDENDAnnual General Meeting/Dividend - Rs 4 Per Share—
28 Jul 2022DIVIDENDAnnual General Meeting/Dividend - Rs 3 Per Share—
5 Feb 2020RIGHTS Rights 13:118 @ Premium Rs 308/-—
25 Jul 2019DIVIDEND Annual General Meeting/Dividend Rs 3.50 Per Share—
2 Aug 2018DIVIDEND Annual General Meeting/Dividend- Rs 3.50 Per Share—
27 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 2.80 Per Share—
17 Mar 2016DIVIDEND Interim Dividend - Rs 2.80/- Per Share (Purpose Revised)—
29 Jul 2015DIVIDENDAnnual General Meeting / Dividend - Rs 1.50/- Per Share—
23 Jul 2014DIVIDENDAnnual General Meeting/Dividend Rs 1.50/- Per Share—
29 Jul 2013DIVIDENDAnnual General Meeting/Dividend Rs 2/- Per Share—
18 Jul 2012DIVIDENDAnnual General Meeting / Dividend Rs 2.80 Per Share—
20 Jul 2011DIVIDENDDividend-Rs.2.80 Per Share—
19 Jul 2010DIVIDENDDividend-Rs.2.40 Per Share—
28 Jan 2010SPLITFv Split Rs.10 To Rs.210 : 2
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman