Financials Bajaj Electricals Limited

Equities

BAJAJELEC

INE193E01025

Appliances, Tools & Housewares

Market Closed - Bombay S.E. 06:00:49 2024-04-26 am EDT 5-day change 1st Jan Change
937.6 INR +0.23% Intraday chart for Bajaj Electricals Limited -0.85% -5.20%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 57,226 30,427 111,948 123,490 121,071 108,008 - -
Enterprise Value (EV) 1 57,226 30,427 111,948 123,490 117,381 102,108 101,708 99,908
P/E ratio 34.3 x -26,745 x 65.2 x 80.6 x 52.6 x 66.4 x 38.8 x 30.6 x
Yield 0.63% - - 0.28% 0.38% 0.48% 0.62% 0.74%
Capitalization / Revenue 0.86 x 0.61 x 2.45 x 2.59 x 2.23 x 2.23 x 1.95 x 1.72 x
EV / Revenue 0.86 x 0.61 x 2.45 x 2.59 x 2.17 x 2.11 x 1.84 x 1.59 x
EV / EBITDA 16.4 x 14.7 x 37.1 x 54.4 x 32.8 x 35.4 x 23.4 x 18.8 x
EV / FCF -8.68 x 5.09 x 17.8 x 13.9 x 31.2 x 35.5 x 39.4 x 30.1 x
FCF Yield -11.5% 19.7% 5.63% 7.18% 3.21% 2.82% 2.54% 3.32%
Price to Book 5.31 x 2.21 x 6.98 x 6.92 x 6.18 x 5.22 x 4.73 x 4.23 x
Nbr of stocks (in thousands) 102,400 113,768 114,537 114,874 115,076 115,196 - -
Reference price 2 558.8 267.4 977.4 1,075 1,052 937.6 937.6 937.6
Announcement Date 5/22/19 6/19/20 5/25/21 5/17/22 5/23/23 - - -
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 48,443 55,359 62,639
EBITDA 1 3,484 2,069 3,015 2,271 3,575 2,881 4,345 5,304
EBIT 1 3,099 1,389 2,323 1,704 2,821 2,028 3,502 4,342
Operating Margin 4.64% 2.79% 5.08% 3.57% 5.21% 4.19% 6.33% 6.93%
Earnings before Tax (EBT) 1 2,594 223.9 2,412 2,055 3,177 2,281 3,718 4,651
Net income 1 1,671 -1.3 1,836 1,535 2,305 1,632 2,779 3,476
Net margin 2.5% -0% 4.02% 3.22% 4.25% 3.37% 5.02% 5.55%
EPS 2 16.30 -0.0100 15.00 13.33 20.01 14.13 24.18 30.67
Free Cash Flow 1 -6,590 5,981 6,300 8,861 3,768 2,880 2,582 3,317
FCF margin -9.87% 12.02% 13.78% 18.57% 6.95% 5.95% 4.66% 5.3%
FCF Conversion (EBITDA) - 289.02% 208.94% 390.12% 105.38% 99.99% 59.44% 62.54%
FCF Conversion (Net income) - - 343.09% 577.25% 163.45% 176.5% 92.94% 95.44%
Dividend per Share 2 3.500 - - 3.000 4.000 4.500 5.814 6.971
Announcement Date 5/22/19 6/19/20 5/25/21 5/17/22 5/23/23 - - -
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
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
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
EBIT - 553.6 - - 680.1 444.2 - - - 826.9 659.2 - 626.5 682 390.5
Operating Margin - 4.41% - - 5.21% 3.36% - - - 5.58% 4.42% - 5.18% 5.02% 2.89%
Earnings before Tax (EBT) 1 - - -86.9 805.3 705.8 - - - - 853.9 861.7 587.9 790.5 737 -
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
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%
EPS 2 - - - - 4.530 - - - - 5.510 5.090 3.810 4.650 4.850 2.950
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/4/21 5/25/21 8/11/21 11/12/21 2/8/22 5/17/22 8/12/22 11/8/22 11/8/22 2/2/23 5/23/23 8/10/23 - - -
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 6,300 8,100
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -6,590 5,981 6,301 8,861 3,768 2,880 2,582 3,317
ROE (net income / shareholders' equity) 16.5% -0.01% 11.7% 9.64% 12.4% 8.5% 13% 14.9%
ROA (Net income/ Total Assets) - - 3.97% 3.95% 5.29% 3.8% 5.8% 6.55%
Assets 1 - - 46,300 38,819 43,582 42,944 47,907 53,061
Book Value Per Share 2 105.0 121.0 140.0 155.0 170.0 180.0 198.0 222.0
Cash Flow per Share 2 - - - - 39.10 13.30 18.00 24.10
Capex 1 571 294 297 498 735 1,090 809 779
Capex / Sales 0.85% 0.59% 0.65% 1.04% 1.36% 2.25% 1.46% 1.24%
Announcement Date 5/22/19 6/19/20 5/25/21 5/17/22 5/23/23 - - -
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

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B
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