BSE:500031

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Executive Summary

Bajaj Electricals Limited engages in the consumer durables; and engineering, procurement, and construction businesses in India. More Details


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Bajaj Electricals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 500031 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 500031's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

5.5%

500031

-2.2%

IN Consumer Durables

-2.2%

IN Market


1 Year Return

94.2%

500031

49.6%

IN Consumer Durables

15.2%

IN Market

Return vs Industry: 500031 exceeded the Indian Consumer Durables industry which returned 49.6% over the past year.

Return vs Market: 500031 exceeded the Indian Market which returned 15.2% over the past year.


Shareholder returns

500031IndustryMarket
7 Day5.5%-2.2%-2.2%
30 Day18.9%7.9%3.4%
90 Day46.6%29.8%21.5%
1 Year99.0%94.2%50.7%49.6%17.3%15.2%
3 Year48.4%42.7%15.3%13.2%7.2%2.0%
5 Year328.0%302.1%50.1%45.7%78.6%65.0%

Long-Term Price Volatility Vs. Market

How volatile is Bajaj Electricals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

2 years ago | Simply Wall St

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Valuation

Is Bajaj Electricals undervalued compared to its fair value and its price relative to the market?

184.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500031 (₹752.15) is trading above our estimate of fair value (₹43.32)

Significantly Below Fair Value: 500031 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500031 is poor value based on its PE Ratio (184.3x) compared to the IN Consumer Durables industry average (34.2x).

PE vs Market: 500031 is poor value based on its PE Ratio (184.3x) compared to the Indian market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: 500031 is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: 500031 is overvalued based on its PB Ratio (6x) compared to the IN Consumer Durables industry average (1.4x).


Next Steps

Future Growth

How is Bajaj Electricals forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

66.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500031's forecast earnings growth (66.5% per year) is above the savings rate (7%).

Earnings vs Market: 500031's earnings (66.5% per year) are forecast to grow faster than the Indian market (25.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 500031's revenue (15.9% per year) is forecast to grow faster than the Indian market (12.2% per year).

High Growth Revenue: 500031's revenue (15.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 500031's Return on Equity is forecast to be low in 3 years time (14.8%).


Next Steps

Past Performance

How has Bajaj Electricals performed over the past 5 years?

-16.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500031 has a large one-off gain of ₹287.2M impacting its September 30 2020 financial results.

Growing Profit Margin: 500031's current net profit margins (1%) are lower than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: 500031's earnings have declined by 16.6% per year over the past 5 years.

Accelerating Growth: 500031's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 500031 had negative earnings growth (-31.8%) over the past year, making it difficult to compare to the Consumer Durables industry average (-18.1%).


Return on Equity

High ROE: 500031's Return on Equity (3.2%) is considered low.


Next Steps

Financial Health

How is Bajaj Electricals's financial position?


Financial Position Analysis

Short Term Liabilities: 500031's short term assets (₹28.1B) exceed its short term liabilities (₹26.2B).

Long Term Liabilities: 500031's short term assets (₹28.1B) exceed its long term liabilities (₹2.1B).


Debt to Equity History and Analysis

Debt Level: 500031's debt to equity ratio (70.6%) is considered high.

Reducing Debt: 500031's debt to equity ratio has increased from 51.8% to 70.6% over the past 5 years.

Debt Coverage: 500031's debt is well covered by operating cash flow (79.5%).

Interest Coverage: 500031's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Bajaj Electricals's current dividend yield, its reliability and sustainability?

0.27%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 500031's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 500031's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 500031's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 500031's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 500031 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 500031's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Shekhar Bajaj (72 yo)

16.17yrs

Tenure

₹41,948,000

Compensation

Mr. Shekharkumar Ramkrishnaji Bajaj, also known as Shekhar, has been the Chief Executive of Bajaj Electricals Limited since 1980. Mr. Bajaj has been the Managing Director at Bajaj Electricals Limited since...


CEO Compensation Analysis

Compensation vs Market: Shekhar 's total compensation ($USD573.05K) is above average for companies of similar size in the Indian market ($USD403.29K).

Compensation vs Earnings: Shekhar 's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Shekharkumar Bajaj
Chairman16.17yrs₹41.95m9.05%
₹ 7.4b
Anant Purandare
President & CFOno data₹11.05m0.014%
₹ 11.2m
Ajay Nagle
Executive VP1yr₹14.81m0.00022%
₹ 179.7k
Anuj Poddar
Executive Director4.67yrs₹29.27mno data
Atul Sharma
President of Human Resources & Administrationno datano data0.022%
₹ 18.2m
Atul Pathak
Executive Vice President of Branch Sales Supportno datano datano data
Vaidyanathan Shankar
Country Head - Alternate Channel Sales (CP) and EVP - Alternate Channel Sales (CP)no datano datano data
Pradeep Patil
International Head ­& VP of Exportsno datano datano data
Dileep Sharma
Executive Vice President of Customer Careno datano data0%
₹ 0
Beena Koshy
Executive VP & International Head - Exportsno datano data0.013%
₹ 10.6m
Krishna Raman
Country Head & Executive VP of Trade Sales (CP)no datano datano data
Amit Sethi
Country Head & VP of Marketing (CP)no datano datano data

2.2yrs

Average Tenure

Experienced Management: 500031's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shekharkumar Bajaj
Chairman16.17yrs₹41.95m9.05%
₹ 7.4b
Anuj Poddar
Executive Director4.67yrs₹29.27mno data
Rajivnayan Bajaj
Non-Executive Non-Independent Director1.67yrs₹271.58kno data
Madhur Kumar Bajaj
Non-Executive Non-Independent Director27yrs₹543.17k0.99%
₹ 807.8m
Harsh Goenka
Independent Non-Executive Director36.33yrs₹407.38kno data
Shailesh Haribhakti
Additional Non-Executive Independent Director1.42yrs₹1.00mno data
Rajendra Singh
Independent Non-Executive Director11.67yrs₹1.56mno data
Indu Shahani
Independent Non-Executive Director14.5yrs₹1.50mno data
Pooja Bajaj
Non-Executive Non-Independent Director2.17yrs₹878.96k1.74%
₹ 1.4b
Siddharth Mehta
Independent Non-Executive Director4.67yrs₹1.99mno data
Munish Khetrapal
Independent Non-Executive Director2.17yrs₹543.17kno data

4.7yrs

Average Tenure

63yo

Average Age

Experienced Board: 500031's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 500031 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.7%.


Top Shareholders

Company Information

Bajaj Electricals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bajaj Electricals Limited
  • Ticker: 500031
  • Exchange: BSE
  • Founded: 1938
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: ₹81.692b
  • Shares outstanding: 114.42m
  • Website: https://www.bajajelectricals.com

Number of Employees


Location

  • Bajaj Electricals Limited
  • Rustomjee Aspire
  • 6th Floor
  • Mumbai
  • Maharashtra
  • 400022
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500031BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2001
BAJAJELECNSEI (National Stock Exchange of India)YesEquity SharesININRNov 2001

Biography

Bajaj Electricals Limited engages in the consumer durables; and engineering, procurement, and construction businesses in India. It operates through Consumer Products; and Engineering & Projects and Others ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 12:12
End of Day Share Price2021/01/19 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.