Financials Bajaj Electricals Limited

Equities

BAJAJELEC

INE193E01025

Appliances, Tools & Housewares

Market Closed - Bombay S.E. 03:30:54 27/06/2024 pm IST 5-day change 1st Jan Change
1,055 INR +0.07% Intraday chart for Bajaj Electricals Limited +0.39% +6.62%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 57,226 30,427 1,11,948 1,23,490 1,21,071 1,21,519 - -
Enterprise Value (EV) 1 57,226 30,427 1,11,948 1,23,490 1,17,381 1,04,322 1,21,519 1,21,519
P/E ratio 34.3 x -26,745 x 65.2 x 80.6 x 52.6 x 79.2 x 54.5 x 38.1 x
Yield 0.63% - - 0.28% 0.38% 0.43% 0.43% 0.59%
Capitalization / Revenue 0.86 x 0.61 x 2.45 x 2.59 x 2.23 x 2.25 x 2.3 x 2.01 x
EV / Revenue 0.86 x 0.61 x 2.45 x 2.59 x 2.17 x 2.25 x 2.3 x 2.01 x
EV / EBITDA 16.4 x 14.7 x 37.1 x 54.4 x 32.8 x 40.2 x 30.8 x 23.3 x
EV / FCF -8.68 x 5.09 x 17.8 x 13.9 x 31.2 x 40.1 x 111 x 39.3 x
FCF Yield -11.5% 19.7% 5.63% 7.18% 3.21% 2.49% 0.9% 2.54%
Price to Book 5.31 x 2.21 x 6.98 x 6.92 x 6.18 x 5.87 x 7.33 x 6.25 x
Nbr of stocks (in thousands) 1,02,400 1,13,768 1,14,537 1,14,874 1,15,076 1,15,233 - -
Reference price 2 558.8 267.4 977.4 1,075 1,052 1,055 1,055 1,055
Announcement Date 22/05/19 19/06/20 25/05/21 17/05/22 23/05/23 14/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 66,731 49,771 45,731 47,704 54,174 46,413 52,872 60,531
EBITDA 1 3,484 2,069 3,015 2,271 3,575 2,597 3,944 5,218
EBIT 1 3,099 1,389 2,323 1,704 2,821 1,501 2,957 4,106
Operating Margin 4.64% 2.79% 5.08% 3.57% 5.21% 3.23% 5.59% 6.78%
Earnings before Tax (EBT) 1 2,594 223.9 2,412 2,055 3,177 1,731 2,917 4,246
Net income 1 1,671 -1.3 1,836 1,535 2,305 1,318 2,228 3,190
Net margin 2.5% -0% 4.02% 3.22% 4.25% 2.84% 4.21% 5.27%
EPS 2 16.30 -0.0100 15.00 13.33 20.01 11.43 19.34 27.70
Free Cash Flow 1 -6,590 5,981 6,300 8,861 3,768 2,880 1,096 3,091
FCF margin -9.87% 12.02% 13.78% 18.57% 6.95% 5.95% 2.07% 5.11%
FCF Conversion (EBITDA) - 289.02% 208.94% 390.12% 105.38% 99.99% 27.78% 59.24%
FCF Conversion (Net income) - - 343.09% 577.25% 163.45% 176.5% 49.18% 96.9%
Dividend per Share 2 3.500 - - 3.000 4.000 4.500 4.586 6.225
Announcement Date 22/05/19 19/06/20 25/05/21 17/05/22 23/05/23 14/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 14,967 12,545 8,528 12,907 13,044 13,224 12,286 12,204 24,439 14,831 14,904 11,120 12,093 13,576 13,530 12,605
EBITDA 1 1,475 716.5 71.4 786.5 821.4 591.8 711.7 938.1 - 1,005 887.5 693.1 859.7 886.7 888.2 733
EBIT - 553.6 - - 680.1 444.2 - - - 826.9 659.2 - 626.5 682 390.5 405
Operating Margin - 4.41% - - 5.21% 3.36% - - - 5.58% 4.42% - 5.18% 5.02% 2.89% 3.21%
Earnings before Tax (EBT) 1 - - -86.9 805.3 705.8 - - - - 853.9 861.7 587.9 790.5 737 - 557
Net income 1 1,008 560.4 -64.3 634 522.1 443.3 - 639 1,084 634.8 586.6 433.3 551.5 551.8 446.6 417
Net margin 6.74% 4.47% -0.75% 4.91% 4% 3.35% - 5.24% 4.43% 4.28% 3.94% 3.9% 4.56% 4.06% 3.3% 3.31%
EPS 2 - - - - 4.530 - - - - 5.510 5.090 3.810 4.650 4.850 2.950 3.600
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 04/02/21 25/05/21 11/08/21 12/11/21 08/02/22 17/05/22 12/08/22 08/11/22 08/11/22 02/02/23 23/05/23 10/08/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - - 3,690 5,900 - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -6,590 5,981 6,301 8,861 3,768 2,880 1,096 3,091
ROE (net income / shareholders' equity) 16.5% -0.01% 11.7% 9.64% 12.4% 8.5% 14.2% 16.7%
ROA (Net income/ Total Assets) - - 3.97% 3.95% 5.29% 3.8% 5.1% 6.8%
Assets 1 - - 46,300 38,819 43,582 42,944 43,688 46,912
Book Value Per Share 2 105.0 121.0 140.0 155.0 170.0 180.0 144.0 169.0
Cash Flow per Share 2 - - - - 39.10 13.30 18.00 24.10
Capex 1 571 294 297 498 735 1,090 1,418 1,176
Capex / Sales 0.85% 0.59% 0.65% 1.04% 1.36% 2.25% 2.68% 1.94%
Announcement Date 22/05/19 19/06/20 25/05/21 17/05/22 23/05/23 14/05/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
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B
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