X

Bajaj Electricals Ltd. Stock Analysis

Mid Cap
Evaluated by 3370 users | BSE: 500031 | NSE: BAJAJELEC |
Consumer Durables - Domestic Appliances
Bajaj Electricals (BEL) incorporated in 1938 is engaged in business appliances, fans, lighting, luminaries and engineering and projects. BEL is a part of the Rs. 20000 crore Bajaj Group.In India company has 19 branch offices spread across in Ahmedabad, Bangalore, Bhubaneshwar, Chandigarh,...
1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bajaj Electricals Ltd. has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 24.66%19.79%9.17%5.08%5.46%13.43%10.31%11.79%11.48%4.73%
Value Creation Index 0.900.52-0.29-0.61-0.580.03-0.21-0.09-0.12-0.64
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,7413,0993,3774,0304,2634,5904,2624,7076,6734,977
Y-o-Y Gr. Rt.-13.1%9%19.3%5.8%7.7%-7.2%10.5%41.8%-25.4%
Adjusted EPS (Rs.) 14.211.543.37-0.51-1.3910.610.2613.8915.94-0.03
Y-o-Y Gr. Rt.--18.7%-70.8%-115.1%NANA-3.2%35.4%14.8%-100.2%
Book Value per Share (Rs.) 59.4267.6670.4268.3965.7372.1682.7889.39101.8120.13
Adjusted Net Profit 14411834.4-5.2-14.3110107145167-0.3
Net Op. Cash Flow (Rs. Cr.) 11275.6141-6.8121305437-103-602627
Debt to Cash Flow from Ops 1.042.761.18-51.473.372.981.43-7.03-2.631.53
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Bajaj Electricals Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 6.9%3.2%5.3%-25.4%
Adjusted EPS -150.4%NA-114.3%-100.2%
Book Value per Share 8.112.813.218
Share Price 10.9% 15.3% 9.2% 33%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 26.0217.984.82-0.73-2.0515.1913.0915.9916.54-0.03
Operating Profit Margin (%) 9.37.653.32.032.075.765.495.995.224.16
Net Profit Margin (%) 5.253.81.02-0.13-0.342.392.53.092.51-0.01
Debt to Equity 0.190.30.230.50.61.220.730.771.480.7
Working Capital Days 176204210190218209214217212317
Cash Conversion Cycle 89939389959910999103149
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 63.12%
Institutions 22.58%
Non-Institutions 14.30%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Bajaj Electricals Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Bajaj Electricals Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Bajaj Electricals Ltd.'s performance infers:

Bajaj Electricals Ltd. earnings have grown by 0%, whereas share price has appreciated 15.3% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Bajaj Electricals Ltd. share prices over the last 10 years. Here is what we found out:

Bajaj Electricals Ltd. share price has appreciated 6.4% annually over the past ten years.

Bajaj Electricals (BEL) incorporated in 1938 is engaged in business appliances, fans, lighting, luminaries and engineering and projects. BEL is a part of the Rs. 20000 crore Bajaj Group.

In India company has 19 branch offices spread across in Ahmedabad, Bangalore, Bhubaneshwar, Chandigarh, Chennai, Cochin, Delhi, Guwahati, Hyderabad, Indore, Jaipur, Kolkata, Lucknow, Mumbai, Nagpur, Noida, Patna, Pune and Raipur.

Company’s depots are located at Daman, Dehradun, Faridabad,

Bajaj Electricals (BEL) incorporated in 1938 is engaged in business appliances, fans, lighting, luminaries and engineering and projects. BEL is a part of the Rs. 20000 crore Bajaj Group.

In India company has 19 branch offices spread across in Ahmedabad, Bangalore, Bhubaneshwar, Chandigarh, Chennai, Cochin, Delhi, Guwahati, Hyderabad, Indore, Jaipur, Kolkata, Lucknow, Mumbai, Nagpur, Noida, Patna, Pune and Raipur.

Company’s depots are located at Daman, Dehradun, Faridabad, Goa, Parwanoo, Ranchi and Zirakhpur.

In India, Bajaj Electricals has network of 600 distributors, 3000 authorised dealers, over 2,50,000 retail outlets and over 230 service franchises.

Company also operates 2.8 MW Wind Farm situated at Village Vankusawade in Maharashtra.

In 2003, Bajaj Electricals entered into a licensing and sourcing agreement with UK-based home appliance company Morphy Richards. This agreement makes the Bajaj Eletricals a global supplier of select domestic home appliances.

In 2010  Bajaj Electricals Partnered with Vector Consulting Group to revamp its Supply Chain

Products

Appliances- Under this company manufactures products such as water heaters, mixers, micro ovens, room air coolers, irons, room heaters, gas stoves and electric kettles.

Company manufactures a wide range of electric fans.

Lighting- Under this company manufactures lamps, torches, tubes and wide range of luminaries.

Engineering and Projects- The company has been awarded with majors lighting projects from NTPC, Reliance Infocom, Sports Authority of Andhra Pradesh, Tamil Nadu State Electricity Board / Power Grid Corporation, Jaipur Vidyut Vitran Nigam to name few.

In order to expand its product portfolio the company has tie up with Nardi Elettrodomestici SpA of Italy for Gas Appliances, Securition of Switzerland for fire alarms and Security Products and Delta Controls of Canada for BMS and HVAC.

Bajaj Group (Parent Company)

Bajaj Group started its journey in 1931 by establishing sugar manufacturing factory. Today it has grown to be major conglomerate that owns 25 companies and has a workforce of over 25000 employees. Besides Bajaj Electricals the group owns companies namely Mukand International, Bajaj Auto, Mukand Engineers, Mukand, Mukand Global Finance, Bajaj Hindustan, Bachhraj Factories, Maharashtra Scooters, Bajaj Consumer Care, Bajaj Auto Finance, Bajaj Auto Holdings, Bajaj Auto Finance, Hercules Hoists, Bajaj Allianz General Insurance Company, Bombay Forgings and many more.

Awards and Recognition

Bajaj Electricals received ‘Mera Brand’ Awards for water heaters and fans at Consumer World Awards held by FMCG Federation of India in 2008.

Company’s manufacturing unit have accredited with ISO 9001 / 9002 and ISO 14001 certifications for its quality management.

Morphy Richards Irons and Blenders print Ads are awarded with the Silver Abby held at Goa Fest 2008.Bajaj Electricals won the prestigious Master Brand title conferred by CMO USA & CMO Asia in November 2010 for leadership and continuous innovation.

Bajaj Lighting won the Gold Award in the Reader's Digest Trusted Brand 2011 Survey, India.

In 2013 Bajaj Electricals won 50 Most Talented Brand Leaders of India

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback