Bajaj Electricals Limited (NSE:BAJAJELEC) Just Reported, And Analysts Assigned A ₹824 Price Target

Investors in Bajaj Electricals Limited (NSE:BAJAJELEC) had a good week, as its shares rose 6.1% to close at ₹734 following the release of its quarterly results. It was a workmanlike result, with revenues of ₹13b coming in 2.9% ahead of expectations, and statutory earnings per share of ₹11.37, in line with analyst appraisals. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Bajaj Electricals

Taking into account the latest results, the current consensus from Bajaj Electricals' eight analysts is for revenues of ₹54.5b in 2026. This would reflect a decent 15% increase on its revenue over the past 12 months. Per-share earnings are expected to soar 87% to ₹16.80. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹53.8b and earnings per share (EPS) of ₹19.02 in 2026. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a real cut to EPS estimates.

The average price target fell 13% to ₹824, with reduced earnings forecasts clearly tied to a lower valuation estimate. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Bajaj Electricals analyst has a price target of ₹1,139 per share, while the most pessimistic values it at ₹494. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that Bajaj Electricals' rate of growth is expected to accelerate meaningfully, with the forecast 12% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 0.7% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 18% per year. It seems obvious that, while the future growth outlook is brighter than the recent past, Bajaj Electricals is expected to grow slower than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Bajaj Electricals analysts - going out to 2027, and you can see them free on our platform here.

We don't want to rain on the parade too much, but we did also find 3 warning signs for Bajaj Electricals that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.