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Bajaj Electricals

NSEI:BAJAJELEC
Snowflake Description

Reasonable growth potential average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BAJAJELEC
NSEI
₹45B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Bajaj Electricals Limited engages in the consumer durables; and engineering, procurement, and construction businesses in India. The last earnings update was 215 days ago. More info.


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BAJAJELEC Share Price and Events
7 Day Returns
-8.4%
NSEI:BAJAJELEC
-4.2%
IN Consumer Durables
-2.4%
IN Market
1 Year Returns
-12.7%
NSEI:BAJAJELEC
-20.3%
IN Consumer Durables
-8.9%
IN Market
BAJAJELEC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bajaj Electricals (BAJAJELEC) -8.4% -6.1% -12.7% -12.7% 163.8% 93.3%
IN Consumer Durables -4.2% -7.4% -3.5% -20.3% 64.1% 297%
IN Market -2.4% -4.4% -3.4% -8.9% 41.8% 80.3%
1 Year Return vs Industry and Market
  • BAJAJELEC outperformed the Consumer Durables industry which returned -20.3% over the past year.
  • BAJAJELEC underperformed the Market in India which returned -8.9% over the past year.
Price Volatility
BAJAJELEC
Industry
5yr Volatility vs Market

Value

 Is Bajaj Electricals undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bajaj Electricals to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bajaj Electricals.

NSEI:BAJAJELEC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:BAJAJELEC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.614 (1 + (1- 35%) (21.66%))
0.701
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

Discounted Cash Flow Calculation for NSEI:BAJAJELEC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bajaj Electricals is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:BAJAJELEC DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) -5,821.33 3,857.75 5,938.00 6,282.23 6,646.41
Source Analyst x3 Analyst x4 Analyst x4 Est @ 5.8% Est @ 5.8%
Present Value
Discounted (@ 13.51%)
-5,128.48 2,994.10 4,060.11 3,784.23 3,527.09
Present value of next 5 years cash flows ₹9,237.05
NSEI:BAJAJELEC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹6,646.41 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹119,936.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹119,936.51 ÷ (1 + 13.51%)5
₹63,647.42
NSEI:BAJAJELEC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹9,237.05 + ₹63,647.42
₹72,884.47
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹72,884.47 / 102.37
₹712.2
NSEI:BAJAJELEC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:BAJAJELEC represents 1.00034x of BSE:500031
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00034x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 711.96 x 1.00034
₹712.20
Value per share (INR) From above. ₹712.20
Current discount Discount to share price of ₹441.55
= -1 x (₹441.55 - ₹712.20) / ₹712.20
38%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bajaj Electricals is available for.
Intrinsic value
38%
Share price is ₹441.55 vs Future cash flow value of ₹712.2
Current Discount Checks
For Bajaj Electricals to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bajaj Electricals's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bajaj Electricals's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bajaj Electricals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bajaj Electricals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:BAJAJELEC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹8.23
BSE:500031 Share Price ** BSE (2019-02-15) in INR ₹441.4
India Consumer Durables Industry PE Ratio Median Figure of 42 Publicly-Listed Consumer Durables Companies 27.5x
India Market PE Ratio Median Figure of 2,731 Publicly-Listed Companies 15.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bajaj Electricals.

NSEI:BAJAJELEC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500031 Share Price ÷ EPS (both in INR)

= 441.4 ÷ 8.23

53.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bajaj Electricals is overvalued based on earnings compared to the IN Consumer Durables industry average.
  • Bajaj Electricals is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Bajaj Electricals's expected growth come at a high price?
Raw Data
NSEI:BAJAJELEC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 53.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
31%per year
India Consumer Durables Industry PEG Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.77x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.11x

*Line of best fit is calculated by linear regression .

NSEI:BAJAJELEC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 53.63x ÷ 31%

1.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bajaj Electricals is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bajaj Electricals's assets?
Raw Data
NSEI:BAJAJELEC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹91.78
BSE:500031 Share Price * BSE (2019-02-15) in INR ₹441.4
India Consumer Durables Industry PB Ratio Median Figure of 47 Publicly-Listed Consumer Durables Companies 1.92x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
NSEI:BAJAJELEC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500031 Share Price ÷ Book Value per Share (both in INR)

= 441.4 ÷ 91.78

4.81x

* Primary Listing of Bajaj Electricals.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bajaj Electricals is overvalued based on assets compared to the IN Consumer Durables industry average.
X
Value checks
We assess Bajaj Electricals's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Bajaj Electricals has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bajaj Electricals expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
31%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bajaj Electricals expected to grow at an attractive rate?
  • Bajaj Electricals's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Bajaj Electricals's earnings growth is expected to exceed the India market average.
  • Bajaj Electricals's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:BAJAJELEC Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:BAJAJELEC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 31%
NSEI:BAJAJELEC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 12.2%
India Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 19.8%
India Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 13.2%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:BAJAJELEC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:BAJAJELEC Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 72,707 5,475 2,765 7
2020-03-31 70,784 3,808 2,320 9
2019-03-31 68,360 -6,025 1,962 8
NSEI:BAJAJELEC Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 47,074 -1,029 836
2017-03-31 42,617 4,370 1,022
2016-03-31 45,935 3,049 1,078
2015-12-31 45,705 1,078
2015-09-30 44,560 262
2015-06-30 43,627 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bajaj Electricals's earnings are expected to grow significantly at over 20% yearly.
  • Bajaj Electricals's revenue is expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:BAJAJELEC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Bajaj Electricals Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BAJAJELEC Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 27.16 33.90 22.40 7.00
2020-03-31 22.78 25.50 19.00 9.00
2019-03-31 19.24 20.90 18.20 8.00
NSEI:BAJAJELEC Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 8.23
2017-03-31 10.10
2016-03-31 10.69
2015-12-31 10.69
2015-09-30 2.59
2015-06-30 0.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bajaj Electricals is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bajaj Electricals's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bajaj Electricals has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bajaj Electricals performed over the past 5 years?

  • Bajaj Electricals's last earnings update was 215 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bajaj Electricals's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bajaj Electricals has delivered over 20% year on year earnings growth in the past 5 years.
  • Bajaj Electricals's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bajaj Electricals's 1-year earnings growth is negative, it can't be compared to the IN Consumer Durables industry average.
Earnings and Revenue History
Bajaj Electricals's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bajaj Electricals Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BAJAJELEC Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 47,074.49 836.35 3,641.50
2017-03-31 42,617.12 1,021.69 3,728.91
2016-03-31 45,935.29 1,078.04 3,272.01
2015-12-31 45,705.28 1,078.00 7,098.36
2015-09-30 44,560.48 262.30 6,978.26
2015-06-30 43,627.08 7.60 6,915.76
2015-03-31 42,395.58 -139.50 6,811.76
2014-12-31 42,179.61 -714.89 6,468.68
2014-09-30 42,151.11 8.01 6,364.28
2014-06-30 41,274.01 -3.39 6,238.88
2014-03-31 40,166.99 -53.09 6,167.48
2013-12-31 38,865.47 59.68 5,251.87
2013-09-30 37,265.77 -23.82 5,191.77
2013-06-30 35,012.07 398.88 5,133.47
2013-03-31 33,762.68 512.08 5,083.27
2012-12-31 33,295.02 995.68 4,299.55
2012-09-30 32,503.72 1,207.28 4,251.85
2012-06-30 32,162.92 1,187.98 4,194.75
2012-03-31 30,963.92 1,178.78 4,163.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bajaj Electricals has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bajaj Electricals used its assets less efficiently than the IN Consumer Durables industry average last year based on Return on Assets.
  • Bajaj Electricals has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bajaj Electricals's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bajaj Electricals has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bajaj Electricals's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bajaj Electricals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bajaj Electricals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bajaj Electricals's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bajaj Electricals's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bajaj Electricals Company Filings, last reported 10 months ago.

NSEI:BAJAJELEC Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 9,365.12 9,786.82 248.53
2017-03-31 8,631.10 7,563.21 644.36
2016-03-31 7,536.86 9,198.34 554.96
2015-12-31 7,209.20 3,732.20 356.70
2015-09-30 7,209.20 3,732.20 356.70
2015-06-30 6,869.84 4,089.79 409.94
2015-03-31 6,869.84 4,089.79 409.94
2014-12-31 7,101.20 4,973.16 268.80
2014-09-30 7,101.20 4,973.16 268.80
2014-06-30 7,095.88 3,484.38 544.08
2014-03-31 7,095.88 3,484.38 543.12
2013-12-31 7,138.10 2,531.50 261.40
2013-09-30 7,138.10 2,531.50 261.40
2013-06-30 7,286.39 1,659.15 500.87
2013-03-31 7,286.39 1,659.15 500.87
2012-12-31 7,389.00 2,681.90 519.30
2012-09-30 7,389.00 2,681.90 519.30
2012-06-30 6,998.57 2,092.92 536.44
2012-03-31 6,998.57 2,092.92 536.44
  • Bajaj Electricals's level of debt (104.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (22.8% vs 104.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 22.8x coverage).
X
Financial health checks
We assess Bajaj Electricals's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bajaj Electricals has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.79%
Current annual income from Bajaj Electricals dividends. Estimated to be 0.95% next year.
If you bought ₹2,000 of Bajaj Electricals shares you are expected to receive ₹16 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bajaj Electricals's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Bajaj Electricals's dividend is below the markets top 25% of dividend payers in India (2.1%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:BAJAJELEC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
India Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:BAJAJELEC Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 4.28 6.00
2020-03-31 4.31 7.00
2019-03-31 3.99 7.00
NSEI:BAJAJELEC Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-23 3.500 0.683
2017-07-07 2.800 0.631
2017-05-29 2.800 0.822
2016-06-30 2.800 1.072
2016-05-30 2.800 1.234
2016-03-10 2.800 1.297
2015-07-08 1.500 0.682
2015-05-28 1.500 0.535
2014-07-04 1.500 0.605
2014-05-29 1.500 0.452
2013-07-05 2.000 1.004
2013-05-27 2.000 1.182
2012-07-26 2.800 1.490
2011-08-19 2.800 1.531
2010-05-26 2.400 0.980
2010-03-31 2.400 1.090
2009-06-01 2.000 1.561
2009-05-28 2.000 2.482
2009-02-17 1.600 4.156

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bajaj Electricals's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.3x coverage).
X
Income/ dividend checks
We assess Bajaj Electricals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bajaj Electricals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bajaj Electricals has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bajaj Electricals's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shekhar Bajaj
COMPENSATION ₹95,136,000
AGE 70
TENURE AS CEO 14.3 years
CEO Bio

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 November 1, 1984. He started career as Resident Director of Bajaj Sevashram Ltd in Udaipur in 1968. Mr. Bajaj served as the Joint Managing Director of Bajaj Electricals Limited since April 1, 2012. He served as Joint Managing Director of Bachhraj Factories Ltd. from 1969 to 1972 and its Chief Executive since 1974. Since 1975, he served as part-time Managing Director of Bajaj International Pvt Ltd and later served as its whole-time Managing Director. He has over 25 years of varied and rich work experience in a wide range of functions with emphasis on Marketing and Sales. He has been Chairman of Bajaj Electricals Ltd. since 1994. He serves as the Chairman of Hercules Hoists Limited, Bajaj Ventures Ltd., Hind Musafir Agency Ltd. and Hind Lamps Ltd. He serves as a Director of Conquest Investment & Finance Ltd. and Primus Investments & Finance Ltd. He has been a Non-Executive Director of Hercules Hoists Limited since February 12, 1989. He serves as a Director of Shekhar Holdings Pvt. Ltd. and Bajaj Electricals Ltd. Mr. Bajaj has been Non-Executive Director of Bajaj Auto Ltd. since 1995. He served as a Director of Fusion Investments & Financial Services Ltd., until December 08, 2006 and Catalyst Finance Ltd. until December 2006. He served as the Non-executive Director of Bajaj Finance Limited. He served as a Non-Executive Director of Bajaj Holdings & Investment Limited until February 20, 2008. He served as a Director of IDBI Bank Ltd. He serves as President of Electric Lamp & Component Manufacturers' Association of India. He served as the President of the Associated Chambers of Commerce & Industry of India, Indian Merchants' Chamber, Council for Fair Business Practices and Chairman of Indian Fan Manufacturers Association etc. Mr. Bajaj holds a Bachelor of Science from Pune University and MBA from New York University, USA.

CEO Compensation
  • Shekhar 's compensation has increased by more than 20% in the past year.
  • Shekhar 's remuneration is higher than average for companies of similar size in India.
Management Team

Shekhar Bajaj

TITLE
Chairman
COMPENSATION
₹95M
AGE
70
TENURE
14.3 yrs

Anant Purandare

TITLE
President & CFO
COMPENSATION
₹10M

Mangesh Patil

TITLE
Executive VP of Legal & Taxation
COMPENSATION
₹8M

Anuj Poddar

TITLE
Executive Director
COMPENSATION
₹1M
AGE
44

Pratap Gharge

TITLE
Executive President & Chief Information Officer

Atul Sharma

TITLE
President of Human Resources & Administration

Siddhartha Kanodia

TITLE
Country Head & President - Consumer Products Group

Atul Pathak

TITLE
Executive Vice President of Branch Sales Support

Vaidyanathan Shankar

TITLE
Country Head - Alternate Channel Sales (CP) and EVP - Alternate Channel Sales (CP)

Pradeep Patil

TITLE
International Head ­& VP of Exports
Board of Directors Tenure

Average tenure and age of the Bajaj Electricals board of directors in years:

9.8
Average Tenure
63.5
Average Age
  • The tenure for the Bajaj Electricals board of directors is about average.
Board of Directors

Anuj Poddar

TITLE
Executive Director
COMPENSATION
₹1M
AGE
44
TENURE
2.8 yrs

Ashok Jalan

TITLE
Independent Non Executive Director
COMPENSATION
₹3M
AGE
75
TENURE
30.1 yrs

Shekhar Bajaj

TITLE
Chairman
COMPENSATION
₹95M
AGE
70

Harsh Goenka

TITLE
Independent Non-Executive Director
COMPENSATION
₹850K
AGE
61
TENURE
34.4 yrs

Madhur Bajaj

TITLE
Non-Independent Non-Executive Director
COMPENSATION
₹1M
AGE
66
TENURE
25.1 yrs

Indu Shahani

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
67
TENURE
12.6 yrs

Rajendra Singh

TITLE
Independent Non-Executive Director
COMPENSATION
₹1M
AGE
70
TENURE
9.8 yrs

Siddharth Mehta

TITLE
Independent Non-Executive Director
COMPENSATION
₹1M
AGE
40
TENURE
2.8 yrs

Munish Khetrapal

TITLE
Non-Executive Independent Director
AGE
48
TENURE
0.3 yrs

Pooja Bajaj

TITLE
Non-Executive Director
AGE
36
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • Bajaj Electricals insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
14. Feb 19 Sell Shantkumar Jagadi Individual 27. Jul 18 27. Jul 18 -1,000 ₹602.00 ₹-602,000
05. Feb 19 Sell Girish Bhave Individual 17. Aug 18 24. Aug 18 -3,500 ₹550.68 ₹-1,912,059
25. Jan 19 Sell Jayanta Talukdar Individual 25. Jul 18 25. Jul 18 -1,240 ₹655.24 ₹-812,498
24. Jan 19 Sell Manoj Samal Individual 13. Nov 18 16. Nov 18 -900 ₹508.60 ₹-457,744
07. Jan 19 Sell Visweswaran Harikesavan Individual 07. Nov 18 14. Dec 18 -1,084 ₹509.34 ₹-546,967
03. Jan 19 Sell Nandan Khadatkar Individual 01. Oct 18 12. Dec 18 -1,600 ₹513.00 ₹-810,313
30. Nov 18 Sell Karan Mahajan Individual 12. Nov 18 12. Nov 18 -1,500 ₹499.50 ₹-749,250
27. Feb 18 Sell Suresh Hegde Individual 23. Feb 18 23. Feb 18 -1,250 ₹503.88 ₹-629,850
31. Aug 18 Sell Prayas Sehgal Individual 25. Jul 18 25. Jul 18 -1,500 ₹651.06 ₹-976,590
31. Aug 18 Sell Raj Goel Individual 21. Aug 18 21. Aug 18 -1,000 ₹543.41 ₹-543,410
23. Aug 18 Sell Sunil Sakure Individual 13. Aug 18 13. Aug 18 -2,500 ₹568.75 ₹-1,421,875
12. Jul 18 Sell Sowmiyanarayana Iyengar Individual 05. Jul 18 09. Jul 18 -1,933 ₹523.06 ₹-1,011,069
18. Jun 18 Sell Harshavardhan Datar Individual 03. Apr 18 04. Apr 18 -450 ₹649.00 ₹-285,253
18. Jun 18 Sell Vijay Kope Individual 04. Apr 18 23. Apr 18 -1,350 ₹675.00 ₹-905,764
18. Jun 18 Sell Sowmiyanarayana Iyengar Individual 04. Apr 18 24. Apr 18 -200 ₹700.00 ₹-135,315
18. May 18 Buy Suresh Hegde Individual 15. May 18 15. May 18 2,500 ₹611.60 ₹1,529,000
25. Apr 18 Sell Bhupinder Singh Individual 09. Jan 18 09. Jan 18 -500 ₹561.00 ₹-280,500
29. Mar 18 Sell Sanjay Biswas Individual 03. Jan 18 05. Jan 18 -3,520 ₹575.00 ₹-1,903,214
26. Mar 18 Sell Prashant Bhatmule Individual 13. Mar 18 13. Mar 18 -2,000 ₹616.06 ₹-1,232,120
26. Mar 18 Buy Prashant Bhatmule Individual 08. Feb 18 08. Feb 18 3,000 ₹491.05 ₹1,473,150
16. Mar 18 Sell Lalit Gupta Individual 08. Nov 17 08. Nov 17 -279 ₹377.62 ₹-105,356
09. Mar 18 Sell Pradeep Patil Individual 03. Jan 18 06. Mar 18 -680 ₹560.00 ₹-370,527
27. Feb 18 Sell Mangesh Patil Individual 03. Jan 18 03. Jan 18 -2,500 ₹507.52 ₹-1,268,800
X
Management checks
We assess Bajaj Electricals's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bajaj Electricals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Bajaj Electricals Limited (NSE:BAJAJELEC) Potentially Underrated?

Help shape the future of investing tools and you could win a $250 gift card! … I've been keeping an eye on Bajaj Electricals Limited (NSE:BAJAJELEC) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe BAJAJELEC has a lot to offer.

Simply Wall St -

How Much Of Bajaj Electricals Limited (NSE:BAJAJELEC) Do Insiders Own?

Generally speaking, as a company grows, institutions will increase their ownership. … Bajaj Electricals is not a large company by global standards. … View our latest analysis for Bajaj Electricals

Simply Wall St -

Should You Be Concerned About Bajaj Electricals Limited's (NSE:BAJAJELEC) Historical Volatility?

If you're interested in Bajaj Electricals Limited (NSE:BAJAJELEC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Bajaj Electricals Limited (NSE:BAJAJELEC) Is Employing Capital Very Effectively

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

How Much Are Bajaj Electricals Limited (NSE:BAJAJELEC) Insiders Spending On Buying Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Bajaj Electricals Limited (NSE:BAJAJELEC). … The Last 12 Months Of Insider Transactions At Bajaj Electricals. … In any event it's generally a positive if insiders are buying shares at around the current price.

Simply Wall St -

Is Bajaj Electricals Limited's (NSE:BAJAJELEC) 8.9% Worse Than Average?

We'll use ROE to examine Bajaj Electricals Limited (NSE:BAJAJELEC), by way of a worked example. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.089 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

An Intrinsic Calculation For Bajaj Electricals Limited (NSE:BAJAJELEC) Shows It's 23.37% Undervalued

by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Does Bajaj Electricals Limited's (NSE:BAJAJELEC) CEO Pay Compare Well With Peers?

In 2004 Shekhar Bajaj was appointed CEO of Bajaj Electricals Limited (NSE:BAJAJELEC). … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Shekhar Bajaj's Compensation Compare With Similar Sized Companies.

Simply Wall St -

When Should You Buy Bajaj Electricals Limited (NSE:BAJAJELEC)?

Bajaj Electricals Limited (NSE:BAJAJELEC), which is in the consumer durables business, and is based in India,. … A question to answer is whether Bajaj Electricals's current trading price of ₹498.55 reflective of the actual value of the? … Let’s take a look at Bajaj Electricals’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Bajaj Electricals Limited (NSE:BAJAJELEC): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like Bajaj Electricals Limited (NSE:BAJAJELEC), with a market cap of ₹50.1b. … However, an important fact which most ignore is: how financially healthy is the business? … Consumer Durables businesses operating in the environment facing headwinds from current disruption,.

Simply Wall St -

Company Info

Map
Description

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 segments. The company offers various appliances, including toasters, mixer-grinders, food processors, juicer mixer grinders, juicers, choppers and hand blenders, wet grinders, OTGs, microwave ovens, electric kettles, coffee makers, sandwich/pop-up toasters, induction cookers, rice cookers, pressure cookers, gas stoves, choppers, non-electric kitchen aids, platini products, irons, storage water heaters, gas water heaters, instant water heaters, room heaters, air coolers, hand mixers, electric cookers, and hair dryers. It also provides various fans comprising ceiling, table, pedestal, wall, personal, domestic, and heavy duty exhaust fans, as well as air circulators. In addition, the company offers luminaires, including industrial, commercial, cityscape, street, and area lighting products; and integrated building management solutions. Further, it provides general lighting service, special incandescent, fluorescent, compact fluorescent lamps, consumer luminaires, halogen and HID lamps, and various LED products and electrical accessories. Additionally, the company is involved in the design, engineering, supply, execution, and commissioning of illumination EPC SBU, power distribution, transmission line towers and sub-station SBU, high mast lighting systems, and lighting poles projects. It also generates wind energy. The company was formerly known as Radio Lamp Works Limited and changed its name to Bajaj Electricals Limited in October 1960. The company was incorporated in 1938 and is headquartered in Mumbai, India.

Details
Name: Bajaj Electricals Limited
BAJAJELEC
Exchange: NSEI
Founded: 1938
₹45,186,813,646
102,371,576
Website: http://www.bajajelectricals.com
Address: Bajaj Electricals Limited
51, Mahatma Gandhi Road,
Fort,
Mumbai,
Maharashtra, 400023,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500031 Equity Shares Mumbai Stock Exchange IN INR 26. Nov 2001
NSEI BAJAJELEC Equity Shares National Stock Exchange of India IN INR 26. Nov 2001
Number of employees
Current staff
Staff numbers
0
Bajaj Electricals employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/16 12:50
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/12
Last earnings filing: 2018/07/16
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.