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Bajaj Electricals Limited (BAJAJELEC) AI Stock Analysis

IN:BAJAJELEC

Bajaj Electricals Limited

(NSE:BAJAJELEC)

Select Model
Rating:53Neutral
Price Target:INR 272.00â–²(1.63% Upside)
Action:reiterated
Date:08/19/26

The score is held back primarily by the FY2026 earnings reset (net loss, margin compression, and negative ROE). Support comes from conservative leverage and strong FY2026 cash flow, while technicals are mildly positive but tempered by weakness versus the 200-day trend. Valuation is a negative factor due to the loss-making P/E and limited dividend support.

Positive Factors
Conservative LeverageLow leverage gives Bajaj Electricals greater financial flexibility to manage operating volatility, fund selected growth initiatives, and withstand weaker earnings without excessive interest burden. The improvement from elevated FY2023 leverage also indicates a stronger balance-sheet position than earlier in the period.
Negative Factors
Revenue ContractionThe latest revenue decline and move into losses indicate weaker operating momentum and an earnings reset after several years of positive profits. If this deterioration persists, it could reduce the resources available for reinvestment and make future performance more dependent on successful execution.

Bajaj Electricals Limited (BAJAJELEC) vs. iShares MSCI India ETF (INDA)

-50%-40%-30%-20%-10%0%10%IN:BAJAJELEC-46.55%INDA-10.31%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
INR 34.23B
Dividend Yield
1.12%
Average Volume (3M)
43.90K
Price to Earnings (P/E)
-113.4
Beta (1Y)
1.36
Revenue Growth
-4.73%
EPS Growth
-126.31%
Country
India
Employees
1,500
Sector
General
Sector Strength
55
Industry
Furnishings, Fixtures & Appliances

Bajaj Electricals Limited Business Overview & Revenue Model

Company Description

Bajaj Electricals Ltd. engages in the manufacture and sale of electrical, and industrial products. It operates through the Consumer Products and Lighting Solutions segments. The Consumer Products segment includes Appliances, Fans and Morphy Richards....

Bajaj Electricals Limited Financial Statement Overview

Summary

Financials are mixed: FY2026 shows a clear profitability setback with revenue down (-5.4% YoY) and a swing to a net loss, pressuring margins and turning ROE negative. Offsetting this, leverage is conservative (debt-to-equity ~0.10) and cash generation is strong with sharply higher operating cash flow and free cash flow. Overall stability is supported by balance sheet and cash flow, but earnings quality and consistency are the main risk.

Income Statement

34Negative

Balance Sheet

66Positive

Cash Flow

78Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue44.57B44.62B48.28B46.22B48.68B48.13B
Gross Profit9.63B8.32B14.94B13.27B14.44B8.52B
EBITDA1.18B1.09B3.62B2.70B4.18B3.05B
Net Income-908.60M-908.60M1.33B1.31B2.16B1.29B
Balance Sheet
Total Assets42.60B42.60B42.19B38.33B46.77B39.92B
Cash, Cash Equivalents and Short-Term Investments5.20B5.20B5.08B3.04B4.09B1.42B
Total Debt1.59B1.59B2.43B2.15B12.88B907.88M
Total Liabilities26.66B26.66B24.94B23.92B27.70B22.86B
Stockholders Equity15.94B15.94B17.25B14.41B19.07B17.32B
Cash Flow
Free Cash Flow5.76B5.80B3.42B2.23B3.65B8.38B
Operating Cash Flow6.08B6.12B3.47B3.54B4.50B9.14B
Investing Cash Flow-3.87B-4.10B-1.95B-2.10B-880.30M-705.23M
Financing Cash Flow-1.19B-995.00M-1.46B-1.33B-1.39B-7.71B

Bajaj Electricals Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price267.65

Price Trends

50DMA315.63Negative
100DMA323.92Negative
200DMA349.62Negative

Market Momentum

MACD-10.84Positive
RSI30.46Neutral
STOCH20.45Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BAJAJELEC, the sentiment is Negative. The current price of 267.65 is below the 20-day moving average (MA) of 292.56, below the 50-day MA of 315.63, and below the 200-day MA of 349.62, indicating a bearish trend. The MACD of -10.84 indicates Positive momentum. The RSI at 30.46 is Neutral, neither overbought nor oversold. The STOCH value of 20.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BAJAJELEC.

Bajaj Electricals Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:BAJAJELEC against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:BUTTERFLYIN:BUTTERFLY62NeutralINR 10.02B19.88――11.34%25.77%
IN:ORIENTELECIN:ORIENTELEC62NeutralINR 38.56B31.10―0.82%16.93%41.82%
IN:WHIRLPOOLIN:WHIRLPOOL62NeutralINR 103.26B41.46―0.61%6.03%-30.48%
IN:CROMPTONIN:CROMPTON61NeutralINR 123.60B-71.43―1.54%12.09%-137.18%
IN:IFBINDIN:IFBIND59NeutralINR 41.73B28.91――14.29%16.62%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:BAJAJELECIN:BAJAJELEC53NeutralINR 30.93B-113.41―1.12%-4.73%-126.31%

* General Sector Average

Performance Comparison

-40%-20%0%IN:BAJAJELECIN:BUTTERFLYIN:CROMPTONIN:IFBINDIN:ORIENTELECIN:WHIRLPOOLDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
IN:BAJAJELEC and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:BAJAJELECBajaj Electricals Limited267.65-233.09-46.55%
IN:BUTTERFLYButterfly Gandhimathi Appliances Limited566.00-183.90-24.52%
IN:CROMPTONCrompton Greaves Consumer Electricals Ltd.195.00-84.98-30.35%
IN:IFBINDIFB Industries Ltd1053.90-784.50-42.67%
IN:ORIENTELECOrient Electric Ltd.182.45-29.81-14.04%
IN:WHIRLPOOLWhirlpool Of India Limited821.35-544.71-39.87%

Bajaj Electricals Limited Corporate Events

Bajaj Electricals Grants Performance Stock Options Under 2023 Plan

Oct 28, 2026

Bajaj Electricals Limited is a Mumbai-headquartered consumer electricals and appliances company, operating in lighting, consumer durables and engineering projects. The company serves the Indian market with a broad portfolio of electrical products and...

Bajaj Electricals Gets Relief as GST Appellate Authority Drops Rs 29.63 Lakh Tax Demand

Oct 1, 2026

Bajaj Electricals Limited has received a favourable appellate order from the Commissioner (Appeals), Central Goods and Service Tax & Central Excise, Ranchi, for FY 2017-18, which sets aside a previous GST assessment order disallowing input tax cr...

Bajaj Electricals Wins Favourable GST Appeal With Penalty Waived

Oct 1, 2026

Bajaj Electricals Limited has announced that it received a favourable appellate order from the GST Appellate Authority in Ranchi for the financial year 2017-18, overturning an earlier assessment that had imposed a penalty and higher interest over all...

Bajaj Electricals Shuts Trading Window Ahead of Q2 Results

Sep 26, 2026

Bajaj Electricals Limited, a diversified Indian player in consumer electricals, lighting and engineering projects, is listed on BSE and NSE and caters to both retail and institutional markets in India and abroad.The company has notified exchanges tha...

Bajaj Electricals Publishes Voting Results of 87th AGM Held via Video Conferencing

Aug 6, 2026

Bajaj Electricals Limited has reported that its 87th Annual General Meeting was held on August 6, 2026 via video conferencing and other audio-visual means, with e-voting facilities provided to shareholders as of the July 30, 2026 record date. The com...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 19, 2026