Bajaj Electricals Limited

BSE:500031 Stock Report

Market Cap: ₹38.0b

Bajaj Electricals Future Growth

Future criteria checks 3/6

Bajaj Electricals is forecast to grow earnings and revenue by 79.6% and 10.4% per annum respectively. EPS is expected to grow by 79.6% per annum. Return on equity is forecast to be 13% in 3 years.

Key information

79.6%

Earnings growth rate

79.62%

EPS growth rate

Consumer Durables earnings growth22.8%
Revenue growth rate10.4%
Future return on equity13.00%
Analyst coverage

Good

Last updated24 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 28

500031: New CFO Appointment And Funding Flexibility Will Support Future Margin Expansion

Analysts have reduced their price target for Bajaj Electricals from ₹444.67 to ₹393.71, citing updated assumptions that include a higher discount rate, a lower projected profit margin, a higher future P/E multiple, and a small adjustment to expected revenue growth. What’s in the News for Bajaj Electricals Bajaj Electricals held a Board Meeting on May 15, 2026, to consider the annual audited financial results for the year ended March 31, 2026, and other key corporate matters.
Narrative Update • Jun 14

500031: Upcoming CFO Appointment And Governance Moves Will Support Future Upside

Analysts have trimmed their price target on Bajaj Electricals slightly, from about ₹579 to roughly ₹564. This reflects updated assumptions on discount rate, revenue growth, profit margin and future P/E.
Narrative Update • May 31

500031: Upcoming CFO Appointments And Governance Decisions Will Unlock Future Value

Analysts have trimmed their price target on Bajaj Electricals from about ₹635 to about ₹579, citing updated assumptions that reflect lower revenue growth, slimmer profit margins and a higher future P/E multiple in their models. What's in the News Bajaj Electricals plans to appoint Ashween Anand as Chief Financial Officer in an upcoming Board meeting, after naming her CFO Designate and senior management personnel effective May 14, 2026 (company announcement).
Narrative Update • May 14

500031: Leadership Changes And Capital Raising Plans Will Support Future Margin Expansion

Analysts now see fair value for Bajaj Electricals at about ₹444.67 compared with ₹459.87 earlier, reflecting updated assumptions for revenue growth, profit margins and a slightly higher future P/E multiple. What's in the News A board meeting is scheduled on May 15, 2026, to consider and approve the annual audited financial results for the year ended March 31, 2026, recommend any dividend on equity shares, and discuss matters related to the upcoming Annual General Meeting, including a proposal to seek shareholder approval to raise or borrow funds through the issuance of securities (Key Developments).
Narrative Update • Apr 29

500031: Interim Finance Leadership Changes Will Shape Cautious Outlook For Shares

Analysts have reduced their price target fair value for Bajaj Electricals from ₹393 to ₹308, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News A board meeting is scheduled for March 16, 2026, at 11:15 Indian Standard Time to consider the appointment of an Interim Chief Financial Officer, designate the Chief Supply Chain Officer, Mr. Rahul Pundir, as Senior Management Personnel, and address other items of business (Key Developments).
Narrative Update • Apr 15

500031: Upcoming Governance Decisions Around Interim CFO Will Unlock Future Value

Analysts have slightly trimmed their price target for Bajaj Electricals to about ₹635, from roughly ₹643, citing updated assumptions around revenue growth, profit margin and a higher future P/E multiple. What's in the News Bajaj Electricals has scheduled a Special or Extraordinary Shareholders Meeting for April 30, 2026, to be conducted via postal ballot in India (company event filing).
Narrative Update • Mar 31

500031: Leadership Transitions And Asset Sale Will Support Future Margin Expansion

Analysts have kept their price target for Bajaj Electricals broadly steady at around ₹460, reflecting only marginal tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E, rather than a material change in their view of the stock. What's in the News Board meeting scheduled for February 9, 2026, to review unaudited standalone and consolidated financial results for the third quarter and nine month period ended December 31, 2025, to consider the appointment of director Pramod Agrawal, and to consider the sale of office premises at Rustomjee Aspiree, Sion, Mumbai (company filing).
Narrative Update • Mar 17

500031: Future Premium Portfolio Realignment Will Benefit From Margin Expansion

Analysts have trimmed their price target on Bajaj Electricals from around ₹588 to about ₹460, citing updated assumptions that include a different future P/E, a revised fair value estimate, and refreshed expectations for revenue growth, profit margins and discount rate. What's in the News A board meeting is scheduled for Mar 16, 2026 at 11:15 a.m. IST to consider appointing an interim Chief Financial Officer, elevating Chief Supply Chain Officer Rahul Pundir to Senior Management Personnel status, and addressing other matters (company filing).
Narrative Update • Mar 03

500031: Board Review Of Results And Margins Will Unlock Future Value

Analysts have slightly adjusted their price target on Bajaj Electricals to ₹643.18 per share. This reflects updated assumptions around the discount rate, revenue growth, profit margins and future P/E expectations.
Narrative Update • Feb 17

500031: Nirlep Review Will Unlock Value As Core Margins Strengthen

Analysts have trimmed their price target on Bajaj Electricals from around ₹815 to about ₹643, citing updated assumptions that pair higher projected revenue growth and profit margins with a lower future P/E multiple and a slightly higher discount rate. What's in the News A board meeting is scheduled for Feb 9, 2026 at 11:30 IST to consider unaudited standalone and consolidated financial results for the third quarter and nine months ended Dec 31, 2025, along with other agenda items (company event disclosure).
Narrative Update • Feb 03

500031: Nirlep Restructuring And Category Expansion Will Shape Measured Future Outlook

Narrative Update The analyst price target for Bajaj Electricals is maintained at ₹393, with analysts neutral on the small adjustments to discount rate, revenue growth, profit margin and forward P/E assumptions that underpin their valuation work. What's in the News Bajaj Electricals has scheduled a board meeting on February 9, 2026 to consider and approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025 (company filing).
Narrative Update • Jan 19

500031: Cookware Exit Review And CFO Change Will Shape Future Focus

Analysts have revised their fair value estimate for Bajaj Electricals to ₹393 from ₹432, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Bajaj Electricals has initiated a review of its loss-making Nirlep cookware unit, which was acquired in 2018 for about ₹800 million and merged with the parent in March 2024.
Narrative Update • Jan 05

500031: Lossmaking Cookware Exit And CFO Departure Will Likely Pressure Shares

Analysts have kept their fair value estimate for Bajaj Electricals steady at ₹432.0. They point to slightly different assumptions on discount rate, revenue growth, profit margin and future P/E to support this unchanged price target. What's in the News Bajaj Electricals has put its loss making Nirlep cookware unit on the block after the board cleared a restructuring of the cookware business.
Narrative Update • Dec 19

500031: Profit Margin Pressures Will Likely Weigh On Future Share Performance

Narrative Update on Bajaj Electricals Analysts have reduced their price target on Bajaj Electricals from ₹507 to ₹432, citing expectations of slightly higher discount rates and pressure on profit margins, which are only partially offset by marginally stronger revenue growth and a higher anticipated future P/E multiple. What's in the News Bajaj Electricals has initiated a strategic review of its loss making Nirlep cookware and pressure cooker business, including potential options such as discontinuation, sale, or hive off, to sharpen focus on core consumer electricals and higher margin categories (company disclosures, industry executives).
Narrative Update • Dec 05

500031: Future Portfolio Realignment Will Drive Upside Through Premium Brand Expansion

Analysts have trimmed their price target on Bajaj Electricals from ₹616 to ₹588, as they factor in slightly slower expected revenue growth, modestly lower profit margins, and a marginally higher discount rate, partly offset by a richer forecast future P/E multiple. What's in the News Bajaj Electricals has initiated a strategic review of its loss-making Nirlep cookware and pressure cooker portfolio, exploring options including discontinuation, sale, or hive off to sharpen focus on its core electricals business (company annual report / management commentary).
Narrative Update • Nov 20

500031: Future Brand Acquisition Will Drive Upside Despite Leadership Transition

Analysts have slightly lowered their price target for Bajaj Electricals from ₹634.06 to ₹616.33. This reflects minor adjustments to discount rate, revenue growth, and profit margin assumptions.
Narrative Update • Nov 06

500031: Future Brand Acquisitions Will Drive Significant Upside Potential

Narrative Update: Analyst Price Target for Bajaj Electricals Revised Analysts have lowered their fair value estimate for Bajaj Electricals from ₹681.19 to ₹634.06. This revision is based on updated assumptions regarding revenue momentum, modestly compressed margins, and a higher projected valuation multiple.
Narrative Update • Sep 06

Premium And Energy-Efficient Expansion Will Unlock Future Opportunities

Despite no change in the analyst price target for Bajaj Electricals, the sharp decline in its future P/E from 30.88x to 17.52x signals improved earnings expectations or a valuation reset, while the fair value remains steady at ₹681.19. What's in the News Bajaj Electricals launched the BAJAJ SECURA (TM) range of switchgear products, including MCBs, RCCBs, isolators, changeover switches, and distribution boards, enhancing safety and targeting both residential and commercial markets.
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New Narrative • Feb 24

Ramping Up Premium Products Will Meet Growing Consumer Demand For Feature-Rich Appliances

Expanding premium offerings and efficiency improvements should enhance revenue growth, market share, and operational efficiency.

Earnings and Revenue Growth Forecasts

BSE:500031 - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/202961,1352,076N/A2,9751
3/31/202855,5231,5481,6262,6297
3/31/202749,8591,1156522,5866
3/31/202644,622-9095,3256,193N/A
12/31/202544,953357N/AN/AN/A
9/30/202547,3411,0321,2891,819N/A
6/30/202547,4531,062N/AN/AN/A
3/31/202548,3561,3342,9293,468N/A
12/31/202447,5101,037N/AN/AN/A
9/30/202446,8961,0773,6004,383N/A
6/30/202446,8401,265N/AN/AN/A
3/31/202446,4311,3592,2263,538N/A
12/31/202352,8521,603N/AN/AN/A
9/30/202353,6641,8512,2733,641N/A
6/30/202354,1222,101N/AN/AN/A
3/31/202348,8922,1543,6824,494N/A
12/31/202252,7352,037N/AN/AN/A
9/30/202251,0881,9075,1065,770N/A
6/30/202251,8531,933N/AN/AN/A
3/31/202248,1301,2858,3859,141N/A
12/31/202147,3721,438N/AN/AN/A
9/30/202149,1751,9426,4307,057N/A
6/30/202148,3321,846N/AN/AN/A
3/31/202145,8461,9056,1786,582N/A
12/31/202046,2681,348N/AN/AN/A
9/30/202044,1054607,7177,996N/A
6/30/202042,885-396N/AN/AN/A
3/31/202049,872-935,9546,264N/A
12/31/201954,618166N/AN/AN/A
9/30/201963,424680N/A1,450N/A
6/30/201968,4021,307N/AN/AN/A
3/31/201966,7941,564N/A-6,205N/A
3/31/201847,074836N/A-1,029N/A
3/31/201742,6171,022N/A4,370N/A
3/31/201645,9351,078N/A3,049N/A
12/31/201545,7051,078N/AN/AN/A
9/30/201544,560262N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500031 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (6.9%).

Earnings vs Market: 500031 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 500031 is expected to become profitable in the next 3 years.

Revenue vs Market: 500031's revenue (10.4% per year) is forecast to grow slower than the Indian market (11% per year).

High Growth Revenue: 500031's revenue (10.4% 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 (13%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/04 06:13
End of Day Share Price 2026/07/03 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bajaj Electricals Limited is covered by 38 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kunal Sheth360 ONE Capital Market Private Limited
Dhruv JainAmbit Capital
Ashwin MehtaAmbit Capital