BAJAJELEC

Bajaj Electricals share price & results

Bajaj Electricals Limited· Consumer Durables· Consumer Discretionary

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

Makes fans, kitchen & home appliances and LED lighting under Bajaj, Nex, Morphy Richards, Nirlep brands.

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Guidance Hit Rate
20 targets · 20% hit rate 2 achieved · 10 active →
Segment Shift
2 segments tracked See revenue & margin mix below →
Reverse DCF
Implied Growth Test priced-in growth in DCF tool →
Concall & Tone
Q2 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹278.9 +0.76% · +₹2.1

Last close 9 Nov 2026 · NSE · INR · Source: Inve

Performance −44.0% 1Y

₹250₹300₹350₹400₹450₹500Nov 25Dec 25Feb 26Mar 26May 26Jun 26Aug 26Sept 26Nov 26Q3 FY26 — 9 Feb 2026Q4 FY26 — 26 May 2026Q1 FY27 — 6 Aug 2026Q2 FY27 — 28 Oct 2026

1Y: ₹498.2 on 7 Nov 2025 → ₹278.9. High ₹507 (14 Nov 2025), low ₹267.3 (30 Oct 2026).

Previous close
₹276.8
Market cap
₹3.1k Cr
52-week range
₹267.3 – ₹507
One year
−44.29%
Return on equity (TTM to Sept 2026)
-1.51%

Reported

Key financial metrics & valuation ratios

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,123 ₹ crore+1.4% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin6.0 %+1.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit26.0 ₹ crore+160.0% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity-1.51 %−7.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin11.95 %+5.4 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)-4.74 %−11.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Business Mix

Where revenue comes from

Consumer Products shrank from 78% to 75% of revenue over the last two years.

Consumer Products 75.3% · ₹820.39 Cr +1.7% YoY
Lighting Solutions 24.7% · ₹268.97 Cr +4.4% YoY

Explore full multi-period segment shift & margins →

Guidance

What management said, and what became of it

2 of 10 judged targets kept · 10 open · verdicts reflect calls analysed to Q2 FY27.

Bajaj Electricals Limited management guidance track record on Inve: 20 targets tracked across analysed earnings calls (2 achieved, 8 missed, 10 open).

Watch execution in Operations & Margins (1 achieved · 2 delayed/missed).

TargetOriginal wordingSaidLatest callVerdict
Operations Consumer Products Inventory Normalization
healthy place in a quarter or so
Call transcript, Q3 FY26 · 9 Feb 2026
Q3 FY26
Q2 FY27:Management confirmed dealer channel inventory is lean and healthy exiting Q2 FY27, with primary and secondary sales tracking closely and no Q3 destocking required.
Call transcript, Q2 FY27 · 28 Oct 2026
Achieved*
Operations Consumer Products EBIT Margin
around 6%
Call transcript, Q4 FY25 · 12 May 2025
Q4 FY25
Q2 FY27:The FY26 deadline has passed and the promise remains missed. In Q2 FY27, Consumer Products reported a 4.0% EBIT margin (5.6% adjusted for incremental brand investments).
Call transcript, Q2 FY27 · 28 Oct 2026
Missed
Operations Overall Profit Margin
industry average is between 6 to 8%, 9%, and that is where it should be
Call transcript, Q4 FY26 · 26 May 2026
Q4 FY26
Q2 FY27:Reported overall EBIT margin dropped to 4.4% in Q2 FY27 (5.9% adjusted for incremental brand investments of 3.8% of sales), falling below the 6-7% revised band and 6-9% original range. Management also noted they may accept lower near-term profitability to invest behind growth opportunities.
Call transcript, Q2 FY27 · 28 Oct 2026
At Risk

Source: Inve Guidance Tracker for Bajaj Electricals Limited · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

8 of Bajaj Electricals Limited's 20 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.

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Supply chain

Cross-company call evidence

Named counterparties and similar headwinds disclosed on earnings calls.

Counterparties named by Bajaj Electricals Limited

  • Bajaj Electricals Limited → divests to → Nirlep business.

    Q1 FY26 · Announced · Neutral · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Nirlep is a totally different GTM. And we have realized that instead of focusing too much on different spaces, it is better to concentrate on our core, because Nirlep is a totally different go-to-market. There is no synergy, and the factories of Nirlep were making losses. So, that is the reason we thought it is best to look at alternatives and concentrate on the core.

    “We have taken an in-principle approval of restructuring our Nirlep business, which currently has a drag on our financial results.”
    Evidence drawer

    Evidence type: Transcript excerpt

    “We have taken an in-principle approval of restructuring our Nirlep business, which currently has a drag on our financial results.”

    Source company: Bajaj Electricals Limited · Counterparty: Nirlep business · Call date: 2025-08-07 · Period: Q1 FY26 · Review status: Structured call extraction

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with Bajaj Electricals Limited. Each comparison matches a headwind disclosed by Bajaj Electricals Limited in the same calendar reporting quarter.

  • Elevated commodity costs threaten margins

    Topic: Raw material costs · Raw material cost · Q2 FY27

    Bajaj Electricals Limited reported: Elevated commodity costs threaten margins; management absorbed more than half via cost efficiency and initiated price hikes in lighting with consumer product hikes under evaluation.

    Reporting period ended 2026-09-30

    19 other companies · Raw material cost

    Asian Paints Limited (ASIANPAINT) reported (period ended 2026-09-30): Input costs inflated ~28% cumulatively against ~12% pricing action taken in H1, with an additional 3% inflation in Q2 compressing gross margins.

    Havells India Limited (HAVELLS) reported (period ended 2026-09-30): Macroeconomic uncertainties persist and commodity prices remain elevated, impacting margins in some segments.

    Berger Paints (I) Limited (BERGEPAINT) reported (period ended 2026-09-30): Double-digit RM inflation and consumption of high-cost inventory pressured Q2 gross margins by 250-300 bps overall and ~500-550 bps in industrial coatings.

    Blue Star (BLUESTARCO) reported (period ended 2026-09-30): Room AC costs are up about 18% since January against about 13% of price increases. A 5% gap remains even after the October hike. Commercial refrigeration needs 24-25% price increases.

    Evidence drawer

    Evidence type: Summary paraphrase

    Elevated commodity costs threaten margins; management absorbed more than half via cost efficiency and initiated price hikes in lighting with consumer product hikes under evaluation.

    Source company: Bajaj Electricals Limited · Reporting period ended 2026-09-30 · Calendar quarter: Q2 FY27 · Distinct companies matched: 19

    Similar commentary provides sector context; it does not establish a business relationship.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

BAJAJELEC ₹278.9 +0.76%
Guidance Verdict (20 tracked) 2 kept · 10 open· 8 missed
AI Call Brief · Q2 FY27

Bajaj Electricals Limited Q2 FY27

Overview

Symbol
NSE:BAJAJELEC
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Bajaj Electricals Limited does

Based on the company's own presentations, annual report and earnings calls.

Bajaj Electricals Limited, part of the Bajaj Group, is an Indian consumer-electricals manufacturer operating through two segments: Consumer Products (fans, kitchen appliances, cookware, water heaters, air coolers, irons and grooming appliances) and Lighting Solutions (consumer LED lighting plus Professional Lighting for infrastructure and industrial projects). It sells under its own Bajaj brand alongside Nex, Morphy Richards and Nirlep, manufactures across owned factories in India, and reaches customers through a nationwide dealer, retailer and customer-care network. Its Professional Lighting arm also executes large third-party infrastructure lighting projects such as street lighting, stadium illumination and facade lighting for government and private clients.

Segments

  • Consumer Products
  • Lighting Solutions
Manufacturing sites
4 (India)
Installed capacity – Consumer Products
10.8 Mn units/year
Installed capacity – Lighting Solutions
18.8 Mn units/year
Dealer base
850+
Retailer base
~1.7 lakh
Customer care centres
660+
Founded 1938Headquarters Mumbai, Maharashtra, IndiaEmployees 1,743 (2025-03-31) Company website

How the price took the results

Moved an average of ±3.9% across the last 4 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q2 FY2728 Oct 261,123 26+1.4%₹281.8 → ₹292.65+3.9%
Q1 FY276 Aug 261,089 48+2.3%₹348.1 → ₹382.5+9.9%
Q4 FY2626 May 261,240 -68−2.0%₹338.1 → ₹335.65−0.7%
Q3 FY269 Feb 261,051 -34−18.5%₹412.7 → ₹408.6−1.0%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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Quick Answers

Frequently asked questions on Bajaj Electricals Limited

Compiled directly from BAJAJELEC's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Bajaj Electricals Limited (BAJAJELEC) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, Bajaj Electricals Limited reported revenue of ₹1.1k Cr, net profit of ₹26 Cr, an operating margin of 6.0%. Diluted earnings per share stood at ₹2.26.

How is Bajaj Electricals Limited (BAJAJELEC) valued today, and what growth does the stock price imply?

Bajaj Electricals Limited (BAJAJELEC) trades at ₹278.9, with a market capitalization of ₹3.1k Cr.

Who owns Bajaj Electricals Limited (BAJAJELEC) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 62.7%, FIIs hold 5.4%, DIIs hold 16.0%, Public shareholders hold 16.0%.

Learn to analyse Bajaj Electricals Limited

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