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Bajaj Electricals Ltd Share Price (BAJAJELEC)


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Q2 '23 Results
News and Events

Overview of Bajaj Electricals Ltd

What's happening in Bajaj Electricals Ltd

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    Today's Timeline - 01 Dec

    12:01 PM


    Bajaj Electricals focusing on strengthening distribution, premiumising product portfolio and growing in existing categories.

    03:27 PM


    ICICI Securities maintains Add rating for Bajaj Electricals with a target of Rs 1,140 despite anticipated muted growth in H2FY24 due to weak macros.

Key events for Bajaj Electricals Ltd

  • Bajaj Electricals Focuses on Distribution and Growth Initiatives - 01 Dec, 2023

    Bajaj Electricals is working on improving its distribution channels and product portfolio while anticipating muted growth in H2FY24. ICICI Securities maintains an Add rating with a target of Rs 1,140.

  • Bajaj Electricals Receives Income Tax Refund - 20 Nov, 2023

    Following the Bombay High Court's order on demerger scheme, Bajaj Electricals Ltd has received an income tax refund of Rs 9.87 crore.

  • Bajaj Electricals Reports Weak Numbers - 18 Nov, 2023

    Bajaj Electricals Ltd reported weak numbers with a sales decline of 3.5% and PAT decline of 37.2% YoY due to muted demand environment and margin contraction. The stock is downgraded to Hold from Buy with revised TP of Rs1,032.

  • Bajaj Electricals Reports Steep Decline in Q2 Net Profit - 07 Nov, 2023

    Bajaj Electricals Ltd's consolidated net profit for Q2 FY23 declined by 56% YoY to Rs 27.28 crore, attributed to weak consumer demand.

  • Bajaj Electricals Reports Weak Q2 Earnings - 06 Nov, 2023

    Bajaj Electricals Ltd reported a 56% decline in consolidated net profit for the September quarter, with net sales declining by 3.76%. The company has achieved stable performance amidst weak consumer demand sentiment.

  • Bajaj Electricals Receives Service Contract Worth Rs 347.29 Crore from Power Grid - 18 Oct, 2023

    Bajaj Electricals Ltd's subsidiary, Bajel Projects Limited, received an order worth Rs 347.29 crore from Power Grid Corporation of India for a project in Rajasthan. The company also received another contract worth Rs 564.20 crore earlier this month.

  • Bajaj Electricals Receives Significant Order Worth Rs 564.2 Crore - 16 Oct, 2023

    Bajaj Electricals Ltd. secures a contract worth Rs 564.2 crore from Power Grid Corporation of India for transmission line construction, leading to a nearly 9% surge in share prices.

  • Bajaj Electricals Bags Rs 564.2 Crore Order from Power Grid Corp - 13 Oct, 2023

    Bajaj Electricals has won an order worth Rs 564.2 crore from Power Grid Corporation for new transmission lines in Andhra Pradesh. The scope of work includes a 400kV new transmission line for 83.1 km in Ananthapur and another 400kV transmission line for 183 km in Kurnool, to be completed within 21 months.

  • Prabhudas Lilladher predicts Bajaj Electricals to underperform - 12 Oct, 2023

    According to Prabhudas Lilladher, Bajaj Electricals is likely to underperform while RR Kabel, KEI Industries, and Polycab are expected to outperform.

  • Bajaj Electricals Ltd to Face Weakness in Fans Segment - 10 Oct, 2023

    Bajaj Electricals Ltd is expected to face the impact of a weak fans segment in Q2, along with seasonality factors affecting room air conditioners.

  • Bajaj Electricals Listed Peer of RR Kabel - 20 Sep, 2023

    Bajaj Electricals Ltd is a listed peer of RR Kabel Limited in the Indian consumer electrical industry.

  • Bajaj Electricals Listed as Industry Peer in RR Kabel RHP - 13 Sep, 2023

    Bajaj Electricals Ltd has been listed as one of the industry peers of RR Kabel Ltd in their RHP.

  • Bajaj Electricals Ltd: Consumer and Lighting Solutions Company - 11 Sep, 2023

    Bajaj Electricals Limited operates in two segments, Consumer Products and Lighting Solutions. It manufactures and trades consumer durables products such as fans, domestic appliances, kitchen appliances, non-electrical kitchen aids, LED lighting products, and provides power transmission and distribution infrastructure.

  • Bajaj Electricals' Stock Declines, But ROE Remains Respectable - 06 Sep, 2023

    Bajaj Electricals Ltd's stock has declined 5.8% over the past month. However, the company's ROE is 11%, which is respectable. The article discusses how ROE is important for shareholders and evaluates Bajaj Electricals' earnings growth and use of retained earnings.

  • Bajaj Electricals Receives Demand Notice from IT Department - 28 Aug, 2023

    Bajaj Electricals Ltd received a demand notice of Rs 19.72 crore from the Income Tax Department for paying a reduced corporation tax rate under Section 115BAA of the IT Act.

  • Bajaj Electricals Reports Satisfactory Growth Despite Weak Demand - 24 Aug, 2023

    Bajaj Electricals reports a 1% YoY decline in standalone revenue for Q1FY24 due to weak demand and macro challenges. However, JM Financial believes that the company's growth and margin performance were satisfactory considering various factors.

  • Bajaj Electricals' Debt Increases to ₹6.81b - 19 Aug, 2023

    Bajaj Electricals' debt has increased to ₹6.81b, with liabilities outweighing cash and receivables by ₹6.61b. EBIT dropped by 5.3% in the last year, raising concerns about managing its debt load.

  • Bajaj Electricals Q1 Profit Down 9.8% - 11 Aug, 2023

    Bajaj Electricals Ltd's Q1 profit decreased by 9.8% to Rs 37.13 crore, with revenues down by 1.5% to Rs 1,112.13 crore. ICICI Securities maintains an ADD rating and revised target price of INR 1,320.

  • Bajaj Electricals Reports Decline in Q1 Profit - 10 Aug, 2023

    Bajaj Electricals Ltd's Q1 consolidated net profit declined by 13.6% YoY to Rs 37.13 crore due to intermittent unseasonal rains and inflationary pressures on consumer spending. The company's lighting solutions segment was particularly affected.

  • Bajaj Electricals Ltd RSI shows slight loss of upward momentum - 08 Aug, 2023

    The Relative Strength Index (RSI) for Bajaj Electricals Ltd has shown a subtle loss of upward momentum, but remains in a stable range. Vigilant monitoring is required for further developments.

Analyst Rating for Bajaj Electricals Ltd stock

based on 17 analysts


Based on 17 analysts offering long term price targets for Bajaj Electricals Ltd. An average target of ₹1187.82

Source: S&P Global Market Intelligence

Bajaj Electricals Ltd share Performance

  • ₹992
    downward going graph



    Day's Volatility:1.25%



    downward going graph
  • ₹850.76
    downward going graph



    52 Weeks Volatility:32.74%



    downward going graph
1 Month Return-2.8 %
3 Month Return-4.67 %
1 Year Return-10.62 %
Previous Close₹995.45
Market Cap₹11,457.82Cr

Bajaj Electricals Ltd Company Information

Bajaj Electricals Ltd is one of India's leading consumer electrical companies, incorporated in 1938. Bajaj Electricals Ltd provides a wide range of consumer products, ranging from lighting and luminaires, to fans, water heaters, kitchen appliances and other electrical products. It also provides engineering, procurement and construction services for power projects.

The company's popular brands include Morphy Richards, Nirlep, and Bajaj. Its top products include ceiling fans, CFLs, LED lighting, home appliances, and water heaters.

Share Price: ₹997.30 per share as on 01 Dec, 2023 04:01 PM
Market Capitalisation: ₹11,457.82Cr as of today
Revenue: ₹1,142.26Cr as on September 2023 (Q3 23)
Net Profit: ₹27.28Cr as on September 2023 (Q3 23)
Listing date: 02 Nov, 2007
Chairperson Name: Shekhar Bajaj
OrganisationBajaj Electricals Ltd
IndustryConsumer Durables
E-voting on sharesClick here to vote

Fundamentals of Bajaj Electricals Ltd

Insights on Bajaj Electricals Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.


    MF Holding Up


    Mutual Funds have increased holdings from 11.39% to 11.52% in Sep 2023 quarter


    Best in 3 Years


    In the last 3 years, BAJAJELEC has outperformed top 5 stocks with highest market-cap in Appliances, Tools & Housewares


    Retail Holding Up


    Retail Investor have increased holdings from 14.26% to 14.60% in Sep 2023 quarter


    Revenue Rich


    Revenue is up for the last 2 quarters, 1.13K Cr → 1.14K Cr (in ₹), with an average increase of 0.9% per quarter

  • imgNO EFFECT

    Against Peers


    In the last 1 year, Whirlpool of India Ltd has given 3.2% return, outperforming this stock by 13.8%

  • imgNO EFFECT

    Promoter Holding Unchanged


    Promoters holdings remained unchanged at 62.85% of holdings in Sep 2023 quarter


    Price Dip


    In the last 6 months, BAJAJELEC stock has moved down by -14.0%


    Profit Down


    Netprofit is down for the last 4 quarters, 61.12 Cr → 27.28 Cr (in ₹), with an average decrease of 23.4% per quarter


    FII Holding Down


    Foreign Institutions have decreased holdings from 10.91% to 10.48% in Sep 2023 quarter

Bajaj Electricals Ltd Valuation

Bajaj Electricals Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-520.68x)

June 5, 2020

Industry (-163.88x)

November 30, 2023

Today (71.40x)

November 30, 2023

Highest (386.35x)

February 25, 2020


Bajaj Electricals Ltd Mutual Fund Holdings

Funds Holdings
HDFC Small Cap Fund-Direct Growth OptionHDFC Small Cap Fund-Direct Growth Option2.46%
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan0.84%
ICICI Prudential Flexicap Fund Direct GrowthICICI Prudential Flexicap Fund Direct Growth1.34%
ICICI Prudential Multicap Fund Direct Plan GrowthICICI Prudential Multicap Fund Direct Plan Growth0.81%
HDFC Retirement Savings Fund - Equity Plan - Direct PlanHDFC Retirement Savings Fund - Equity Plan - Direct Plan1.01%

Bajaj Electricals Ltd Shareholding Pattern

InvestorsHoldings %Prev. 3 periods3M change
Promoter Holdings
Foreign Institutions
Mutual Funds
Retail Investors

Technicals of Bajaj Electricals Ltd share

News & Events of Bajaj Electricals Ltd

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Bajaj Electricals Ltd (BAJAJELEC) share price today is ₹997.3

Bajaj Electricals Ltd is listed on NSE

Bajaj Electricals Ltd is listed on BSE

  • Today’s highest price of Bajaj Electricals Ltd is ₹1004.45.
  • Today’s lowest price of Bajaj Electricals Ltd is ₹992.

PE Ratio of Bajaj Electricals Ltd is 71.4

PE ratio = Bajaj Electricals Ltd Market price per share / Bajaj Electricals Ltd Earnings per share

Today’s traded volume of Bajaj Electricals Ltd(BAJAJELEC) is 1.32L.

Today’s market capitalisation of Bajaj Electricals Ltd(BAJAJELEC) is ₹11457.82Cr.

Bajaj Electricals Ltd(BAJAJELECPrice
52 Week High
52 Week Low

Bajaj Electricals Ltd(BAJAJELEC) share price is ₹997.3. It is down -15.29% from its 52 Week High price of ₹1177.3

Bajaj Electricals Ltd(BAJAJELEC) share price is ₹997.3. It is up 17.22% from its 52 Week Low price of ₹850.76

Bajaj Electricals Ltd(BAJAJELECReturns
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