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Employees: 1,500
Size Bajaj Electricals (BAJAJELEC.NS) is an India Consumer Discretionary company (Electronics/Appliances) with a market value of $337M, the 1005th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹275.95 on 6 Nov 2026.
Performance Over six months the shares fell 33.6%, against -16.9% for the median peer and 0.0% for the India market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 4.7% over the last twelve months (peer median +3.9%); the operating margin is 1.6% (peer median 2.8%).
Valuation It trades at 26.9× forward earnings against a peer median of 24.5× (4th most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 9.7 points below its cost of capital (13.7% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹45.0B | ₹44.5B | ₹48.3B | ₹46.4B | ₹48.9B |
| Revenue growth | — | -8% | +4% | -5% | — |
| Gross profit | ₹8.96B | ₹7.73B | ₹9.05B | ₹8.14B | ₹10.3B |
| EBITDA | ₹2.00B | ₹1.56B | ₹3.16B | ₹2.72B | ₹3.86B |
| Net income | -₹272M | -₹909M | ₹1.33B | ₹1.31B | ₹2.16B |
| Free cash flow | n/a | ₹5.80B | ₹2.66B | ₹2.34B | ₹3.42B |
| Capital expenditure | n/a | ₹868M | ₹539M | ₹1.31B | ₹812M |
| Total debt | ₹1.32B | ₹1.59B | ₹2.43B | ₹2.15B | ₹1.01B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BAJAJELEC.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.2% | -7.1% | 9th lowest of 21 |
| 6-month return | -33.6% | -16.9% | 4th lowest of 21 |
| Distance from 52-week high | -49.7% | -34.4% | 3rd lowest of 21 |
| Revenue growth (TTM) | -4.7% | +3.9% | 5th lowest of 21 |
| Operating margin | 1.6% | 2.8% | 6th lowest of 21 |
| Forward P/E | 26.9× | 24.5× | 4th most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 14.8% | 9.5% | 5th most demanding of 12 |
| Growth delivered (Del g) | -0.5% | +7.3% | 2nd lowest of 12 |
| Hurdle (Req g minus delivered) | +15.3 pp | +4.9 pp | 4th most demanding of 12 |
| ROIC minus cost of capital | -9.7 pp | -2.2 pp | 3rd lowest of 21 |
| Net debt / EBITDA | -1.6× | -0.5× | 2nd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bajaj Electricals BAJAJELEC.NS | India | $337M | -34% | -5% | 2% | 26.9× | 14.8% | -0.5% |
| HiVi Acoustics Technology 002888.SZ | China | $340M | -18% | -9% | 2% | n/a | 46.5% | +0.7% |
| Chengdu Rainbow Appliance (Group) Shares 003023.SZ | China | $343M | -28% | -1% | 2% | n/a | 9.5% | +1.5% |
| V-ZUG VZUG.SW | Switzerland | $319M | +4% | 0% | 2% | 15.6× | 4.5% | -0.1% |
| Guangdong Real-Design Intelligent Technology 301135.SZ | China | $318M | -19% | +16% | 1% | n/a | n/a | n/a |
| Shenzhen Crastal Technology 300824.SZ | China | $359M | -27% | +15% | 7% | 24.5× | 9.2% | +6.3% |
| Kennede Electronics Mfg 002723.SZ | China | $314M | -42% | -33% | -28% | n/a | 48.3% | -1.6% |
| Guangdong Deerma Technology 301332.SZ | China | $302M | -23% | -12% | 1% | 26.6× | -8.2% | +9.1% |
| Guangdong Seneasy Intelligent Technology 301578.SZ | China | $377M | -11% | +5% | 2% | n/a | n/a | n/a |
| Cuckoo Homesys 284740.KS | South Korea | $389M | -3% | +3% | 16% | n/a | -19.9% | +7.3% |
| Yokowo 6800.T | Japan | $390M | -40% | +14% | 7% | 10.6× | 13.4% | +8.5% |
| Foster Electric 6794.T | Japan | $405M | -4% | 0% | 5% | 12.9× | n/a | n/a |
| ValueHD 301318.SZ | China | $412M | -16% | -3% | 6% | n/a | n/a | n/a |
| Shanghai Rongtai Health Technology 603579.SS | China | $415M | -37% | +11% | 2% | 18.7× | n/a | n/a |
| Hamilton Beach Brands HBB | United States | $432M | +54% | -3% | 13% | n/a | n/a | n/a |
| Risuntek 002981.SZ | China | $440M | -13% | -6% | 4% | n/a | 8.0% | +14.9% |
| Orient Electric ORIENTELEC.NS | India | $451M | +4% | +17% | 5% | 29.0× | 21.9% | +10.4% |
| IFB Industries IFBIND.NS | India | $472M | -9% | +14% | 3% | 24.3× | 31.8% | +14.9% |
| Zhejiang Biyi Electric Appliance 603215.SS | China | $481M | -18% | +6% | -1% | 25.3× | n/a | n/a |
| Bosch Home Comfort India BOSCH-HCIL.NS | India | $489M | +17% | +15% | 1% | 54.6× | n/a | n/a |
| Suzhou Sonavox Electronics 688533.SS | China | $490M | -25% | +8% | 6% | 28.6× | n/a | n/a |