Nifty

:

10607.35

Sensex

:

36012.93

55.65 (0.53%)
169.23 (0.47%)

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Nifty
Sensex

:
:

10607.35
36012.93

55.65 (0.53%)
169.23 (0.47%)

Bajaj Electricals Ltd.

Consumer Durables - Domestic Appliances

Rating :

59/99

BSE: 500031 | NSE: BAJAJELEC

Watchlist

NSE BSE

389.10

02-Jul-2020

Open
High
Low
Previous Close

394.50
394.50
386.00
389.70

Volume
Traded Value (lacs)
52 Week High
52 Week Low

133090
518.68
527.86
260.00

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

4,426.62
N/A
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

6,000.21
0.88%
3.28

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

11.59
9.38
16.16

EBITDA CAGR (%)

10 Years
5 Years
3 Years

3.98
31.55
7.74

PAT CAGR (%)

10 Years
5 Years
3 Years

2.92
-
13.83

P:E (Median)

8 Years
5 Years
3 Years

22.18
33.18
56.34

P:BV (Average)

8 Years
5 Years
3 Years

2.36
3.84
4.92

EV:EBITDA (Average)

8 Years
5 Years
3 Years

7.96
12.91
17.32

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 20 Mar 19 Var% Dec 19 Dec 18 Var% Sep 19 Sep 18 Var% Jun 19 Jun 18 Var%
Net Sales 1,299.60 1,772.94 -26.70% 1,281.50 2,161.83 -40.72% 1,091.84 1,598.44 -31.69% 1,297.78 1,139.93 13.85%
Expenses 1,266.15 1,703.56 -25.68% 1,213.14 2,024.48 -40.08% 1,068.04 1,518.71 -29.67% 1,222.83 1,078.05 13.43%
EBITDA 33.45 69.38 -51.79% 68.36 137.35 -50.23% 23.80 79.73 -70.15% 74.95 61.88 21.12%
EBIDTM 2.57% 3.91% 5.33% 6.35% 2.18% 4.99% 5.78% 5.43%
Other Income 19.41 26.27 -26.11% 10.04 5.96 68.46% 11.61 5.97 94.47% 17.94 27.24 -34.14%
Interest 35.76 41.89 -14.63% 39.37 33.30 18.23% 44.57 23.02 93.61% 49.46 17.67 179.91%
Depreciation 18.15 9.90 83.33% 17.02 9.99 70.37% 16.72 9.41 77.68% 16.12 9.16 75.98%
PBT -1.05 43.86 - 22.01 100.02 -77.99% -25.88 53.27 - 27.31 62.29 -56.16%
Tax -1.05 15.32 - 6.55 36.10 -81.86% 7.11 19.19 -62.95% 9.91 21.76 -54.46%
PAT 0.00 28.54 -100.00% 15.46 63.92 -75.81% -32.99 34.08 - 17.40 40.53 -57.07%
PATM 0.00% 1.61% 1.21% 2.96% -3.02% 2.13% 1.34% 3.56%
EPS 0.00 2.51 -100.00% 1.36 5.62 -75.80% -2.90 2.99 - 1.53 3.56 -57.02%

Description Mar 20 Mar 19 Var% Dec 19 Dec 18 Var% Sep 19 Sep 18 Var% Jun 19 Jun 18 Var%
Net Sales 1,300.66 1,775.18 -26.73% 1,283.86 2,164.49 -40.69% 1,095.65 1,599.81 -31.51% 1,300.69 1,139.93 14.10%
Expenses 1,263.33 1,716.85 -26.42% 1,216.53 2,029.53 -40.06% 1,071.80 1,521.67 -29.56% 1,227.26 1,078.05 13.84%
EBITDA 37.33 58.33 -36.00% 67.33 134.96 -50.11% 23.85 78.14 -69.48% 73.43 61.88 18.67%
EBIDTM 2.87% 3.29% 5.24% 6.24% 2.18% 4.88% 5.65% 5.43%
Other Income 16.91 26.01 -34.99% 7.16 5.74 24.74% 11.15 5.96 87.08% 17.30 27.24 -36.49%
Interest 36.08 46.70 -22.74% 39.72 33.82 17.45% 45.12 23.18 94.65% 49.86 17.67 182.17%
Depreciation 19.54 9.87 97.97% 18.66 10.66 75.05% 17.98 9.53 88.67% 17.49 9.16 90.94%
PBT -1.38 27.77 - 16.11 96.22 -83.26% -28.10 51.39 - 23.38 62.29 -62.47%
Tax -1.26 10.86 - 5.90 36.21 -83.71% 3.75 20.95 -82.10% 9.05 21.76 -58.41%
PAT -0.12 16.91 - 10.21 60.01 -82.99% -31.85 30.44 - 14.33 40.53 -64.64%
PATM -0.01% 0.95% 0.80% 2.77% -2.91% 1.90% 1.10% 3.56%
EPS -0.01 1.49 - 0.90 5.27 -82.92% -2.80 2.67 - 1.26 3.56 -64.61%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Net Sales 4,970.72 6,673.14 4,707.45 4,261.71 4,590.29 4,262.51 4,029.83 3,377.34 3,098.96 2,741.35 2,228.63 Net Sales Growth -25.51% 41.76% 10.46% -7.16% 7.69% 5.77% 19.32% 8.98% 13.05% 23.01% Cost Of Goods Sold 3,331.38 4,713.85 3,104.47 2,761.16 3,091.04 2,991.62 2,885.65 2,582.48 2,295.90 2,035.96 1,602.56 Gross Profit 1,639.34 1,959.29 1,602.98 1,500.55 1,499.24 1,270.89 1,144.19 794.86 803.06 705.39 626.07 GP Margin 32.98% 29.36% 34.05% 35.21% 32.66% 29.82% 28.39% 23.54% 25.91% 25.73% 28.09% Total Expenditure 4,770.16 6,325.11 4,425.40 4,027.66 4,326.05 4,174.16 3,947.89 3,266.46 2,861.82 2,486.44 1,993.13 Power & Fuel Cost - 13.00 10.68 11.74 15.70 15.37 14.28 2.91 2.41 2.00 3.89 % Of Sales - 0.19% 0.23% 0.28% 0.34% 0.36% 0.35% 0.09% 0.08% 0.07% 0.17% Employee Cost - 356.66 317.88 328.90 285.05 223.60 182.47 163.14 140.14 114.06 88.51 % Of Sales - 5.34% 6.75% 7.72% 6.21% 5.25% 4.53% 4.83% 4.52% 4.16% 3.97% Manufacturing Exp. - 529.90 368.20 391.37 319.86 312.69 334.18 92.33 90.36 76.01 67.83 % Of Sales - 7.94% 7.82% 9.18% 6.97% 7.34% 8.29% 2.73% 2.92% 2.77% 3.04% General & Admin Exp. - 242.36 200.45 208.37 127.88 116.90 104.35 94.19 83.94 66.80 56.08 % Of Sales - 3.63% 4.26% 4.89% 2.79% 2.74% 2.59% 2.79% 2.71% 2.44% 2.52% Selling & Distn. Exp. - 325.91 294.92 221.79 324.61 319.98 275.19 211.00 181.03 143.85 131.98 % Of Sales - 4.88% 6.26% 5.20% 7.07% 7.51% 6.83% 6.25% 5.84% 5.25% 5.92% Miscellaneous Exp. - 143.42 128.81 104.34 161.90 194.01 151.78 120.42 74.87 69.55 131.98 % Of Sales - 2.15% 2.74% 2.45% 3.53% 4.55% 3.77% 3.57% 2.42% 2.54% 2.60% EBITDA 200.56 348.03 282.05 234.05 264.24 88.35 81.94 110.88 237.14 254.91 235.50 EBITDA Margin 4.03% 5.22% 5.99% 5.49% 5.76% 2.07% 2.03% 3.28% 7.65% 9.30% 10.57% Other Income 59.00 65.74 64.59 44.30 48.08 24.29 15.14 16.81 14.37 16.09 11.39 Interest 169.16 115.88 58.86 80.44 108.08 104.43 78.30 68.98 63.04 36.65 37.07 Depreciation 68.01 38.46 33.94 29.87 27.38 29.03 24.75 14.45 12.52 10.80 9.20 PBT 22.39 259.44 253.83 168.04 176.87 -20.82 -5.96 44.25 175.95 223.56 200.62 Tax 22.52 92.37 80.85 60.38 66.52 -6.87 -0.65 17.77 58.07 74.77 75.35 Tax Rate 100.58% 35.60% 49.16% 35.93% 37.61% 33.00% 10.91% 25.76% 33.00% 34.21% 37.56% PAT -0.13 167.07 83.62 107.66 110.35 -13.95 -5.31 51.21 117.88 143.79 125.27 PAT before Minority Interest -0.13 167.07 83.62 107.66 110.35 -13.95 -5.31 51.21 117.88 143.79 125.27 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 0.00% 2.50% 1.78% 2.53% 2.40% -0.33% -0.13% 1.52% 3.80% 5.25% 5.62% PAT Growth -100.08% 99.80% -22.33% -2.44% - - - -56.56% -18.02% 14.78% EPS -0.01 14.68 7.35 9.46 9.70 -1.23 -0.47 4.50 10.36 12.64 11.01

Description TTM Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 4,980.86 6,679.41 4,707.45 4,261.71 4,611.95 Net Sales Growth -25.43% 41.89% 10.46% -7.59% Cost Of Goods Sold 3,329.62 4,719.69 3,104.47 2,761.16 3,014.40 Gross Profit 1,651.24 1,959.72 1,602.98 1,500.55 1,597.55 GP Margin 33.15% 29.34% 34.05% 35.21% 34.64% Total Expenditure 4,778.92 6,339.62 4,425.40 4,027.66 4,352.57 Power & Fuel Cost - 14.34 10.68 11.74 15.82 % Of Sales - 0.21% 0.23% 0.28% 0.34% Employee Cost - 360.56 317.88 328.90 274.88 % Of Sales - 5.40% 6.75% 7.72% 5.96% Manufacturing Exp. - 530.11 368.20 320.20 388.83 % Of Sales - 7.94% 7.82% 7.51% 8.43% General & Admin Exp. - 243.13 200.45 208.31 135.64 % Of Sales - 3.64% 4.26% 4.89% 2.94% Selling & Distn. Exp. - 326.81 294.92 292.96 357.69 % Of Sales - 4.89% 6.26% 6.87% 7.76% Miscellaneous Exp. - 144.98 128.81 104.40 165.31 % Of Sales - 2.17% 2.74% 2.45% 3.58% EBITDA 201.94 339.79 282.05 234.05 259.38 EBITDA Margin 4.05% 5.09% 5.99% 5.49% 5.62% Other Income 52.52 65.26 64.59 44.30 22.85 Interest 170.78 117.60 58.86 80.44 101.40 Depreciation 73.67 43.94 33.94 29.87 27.24 PBT 10.01 243.51 253.83 168.04 153.58 Tax 17.44 87.55 80.85 60.38 57.98 Tax Rate 174.23% 35.95% 46.19% 35.93% 37.75% PAT -7.43 158.79 94.20 107.66 95.60 PAT before Minority Interest -6.42 155.97 94.20 107.66 95.60 Minority Interest 1.01 2.82 0.00 0.00 0.00 PAT Margin -0.15% 2.38% 2.00% 2.53% 2.07% PAT Growth -105.02% 68.57% -12.50% 12.62% EPS -0.65 13.95 8.28 9.46 8.40

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Shareholder's Funds 1,077.77 944.75 871.50 756.34 686.98 709.59 728.64 699.86 611.11 494.37 Share Capital 20.48 20.41 20.26 20.19 20.15 19.99 19.95 19.93 19.77 19.51 Total Reserves 1,048.08 914.55 839.25 726.47 666.83 689.09 708.69 679.93 591.32 474.70 Non-Current Liabilities 233.22 16.83 49.42 150.76 608.25 133.15 51.43 376.13 59.08 151.33 Secured Loans 0.00 0.00 0.00 73.68 144.27 100.00 1.20 5.20 9.20 68.39 Unsecured Loans 212.62 11.47 16.95 22.17 26.64 30.61 33.34 35.25 35.90 83.45 Long Term Provisions 77.77 75.03 86.04 75.09 475.09 27.54 24.76 337.58 15.96 0.00 Current Liabilities 3,785.54 2,437.59 2,109.85 2,003.21 1,909.44 1,833.70 1,463.56 1,189.96 1,093.52 693.00 Trade Payables 1,092.13 854.42 635.74 559.98 1,167.42 1,199.69 982.32 822.21 769.99 522.26 Other Current Liabilities 1,168.53 708.28 795.67 636.26 451.63 338.59 208.24 146.42 199.36 106.44 Short Term Borrowings 1,364.92 706.15 528.58 725.06 215.02 213.74 125.44 163.34 67.06 0.00 Short Term Provisions 159.96 168.73 149.86 81.90 75.37 81.68 147.55 57.99 57.11 64.30 Total Liabilities 5,096.53 3,399.17 3,030.77 2,910.31 3,204.67 2,676.44 2,243.63 2,265.95 1,763.71 1,338.70 Net Block 322.29 315.83 310.06 276.45 277.66 249.20 226.42 184.02 153.28 101.62 Gross Block 455.86 404.53 366.19 303.73 432.60 372.26 326.04 272.07 230.16 169.96 Accumulated Depreciation 126.28 88.70 56.13 27.27 152.35 120.47 97.04 85.46 74.29 65.76 Non Current Assets 1,116.27 722.76 905.58 827.78 1,253.68 786.50 598.46 824.60 441.43 138.27 Capital Work in Progress 9.32 6.34 7.85 20.67 3.18 2.56 5.87 2.96 0.00 0.09 Non Current Investment 50.74 14.49 80.34 79.68 59.42 67.31 29.76 44.06 36.56 36.56 Long Term Loans & Adv. 651.68 300.48 406.18 382.03 910.30 467.40 335.85 593.45 251.39 0.00 Other Non Current Assets 82.24 85.62 101.15 68.95 3.12 0.02 0.56 0.11 0.20 0.00 Current Assets 3,980.26 2,676.41 2,125.19 2,082.52 1,951.00 1,889.94 1,645.18 1,441.35 1,322.29 1,200.44 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.00 Inventories 821.03 579.16 571.20 506.68 474.65 446.70 421.24 355.24 294.64 209.43 Sundry Debtors 2,622.94 1,748.75 1,342.26 1,412.32 1,289.56 1,235.05 937.93 922.02 911.20 750.70 Cash & Bank 16.02 25.74 65.27 55.50 37.66 54.31 50.09 53.64 48.55 61.24 Other Current Assets 520.27 43.04 104.22 55.07 149.13 153.88 235.92 110.45 67.87 179.06 Short Term Loans & Adv. 278.17 279.72 42.25 52.95 96.76 134.30 188.32 110.45 67.87 179.06 Net Current Assets 194.72 238.83 15.34 79.31 41.56 56.24 181.61 251.39 228.76 507.44 Total Assets 5,096.53 3,399.17 3,030.77 2,910.30 3,204.68 2,676.44 2,243.64 2,265.95 1,763.72 1,338.71

Description Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 1,055.93 936.51 863.11 750.93 Share Capital 20.48 20.41 20.26 20.19 Total Reserves 1,026.23 906.31 830.86 730.74 Non-Current Liabilities 247.51 16.83 49.42 574.72 Secured Loans 0.00 0.00 0.00 73.80 Unsecured Loans 212.62 11.47 16.95 22.17 Long Term Provisions 79.99 75.03 86.04 514.91 Current Liabilities 3,817.98 2,438.99 2,109.86 1,972.67 Trade Payables 1,104.08 854.42 635.74 1,145.24 Other Current Liabilities 1,179.63 709.68 795.67 656.70 Short Term Borrowings 1,372.70 706.15 528.58 100.94 Short Term Provisions 161.57 168.73 149.86 69.78 Total Liabilities 5,121.42 3,392.33 3,022.39 3,298.32 Net Block 392.79 315.83 310.06 282.96 Gross Block 531.84 404.53 366.19 460.26 Accumulated Depreciation 131.76 88.70 56.13 174.72 Non Current Assets 1,130.91 715.92 897.24 1,279.12 Capital Work in Progress 9.45 6.34 7.85 20.67 Non Current Investment 10.77 7.65 72.00 51.64 Long Term Loans & Adv. 636.71 300.48 406.18 900.24 Other Non Current Assets 81.20 85.62 101.15 23.62 Current Assets 3,990.51 2,676.41 2,125.14 2,019.20 Current Investments 0.00 0.00 0.00 3.33 Inventories 830.25 579.16 571.15 506.55 Sundry Debtors 2,624.20 1,748.75 1,342.26 1,362.07 Cash & Bank 16.39 25.74 65.27 55.50 Other Current Assets 519.67 43.04 104.22 39.20 Short Term Loans & Adv. 277.53 279.72 42.25 52.56 Net Current Assets 172.53 237.43 15.29 46.54 Total Assets 5,121.42 3,392.33 3,022.38 3,298.32

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Cash From Operating Activity -601.91 -102.87 436.95 304.85 121.00 -6.77 140.61 75.62 112.37 4.03 PBT 259.44 164.47 168.04 176.87 -20.82 -5.96 68.97 175.95 218.56 200.62 Adjustment 133.44 202.55 128.85 137.96 181.17 159.02 98.98 87.44 51.73 51.56 Changes in Working Capital -855.96 -415.48 183.79 46.66 -8.53 -129.64 12.42 -127.82 -77.31 -156.40 Cash after chg. in Working capital -463.09 -48.46 480.68 361.49 151.82 23.42 180.38 135.56 192.98 95.78 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -138.82 -54.41 -43.73 -56.64 -30.82 -30.18 -39.76 -59.95 -80.61 -91.20 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.55 Cash From Investing Activity -126.86 36.09 -90.50 -52.85 -83.46 -76.36 -0.16 -67.59 -28.95 -38.43 Net Fixed Assets -54.31 -36.83 -49.64 111.38 -60.96 -42.91 -56.88 -44.87 -60.11 -13.10 Net Investments -36.25 65.85 -0.66 -20.26 7.89 -37.55 14.30 -7.47 -0.03 -5.00 Others -36.30 7.07 -40.20 -143.97 -30.39 4.10 42.42 -15.25 31.19 -20.33 Cash from Financing Activity 718.15 63.52 -367.94 -238.85 -56.15 86.92 -144.06 -2.28 -98.55 41.82 Net Cash Inflow / Outflow -10.62 -3.26 -21.50 13.15 -18.61 3.79 -3.61 5.74 -15.13 7.42 Opening Cash & Equivalents 21.82 25.08 46.58 33.43 52.04 48.25 51.86 46.12 61.24 53.81 Closing Cash & Equivalent 11.20 21.82 25.08 46.58 33.43 52.04 48.25 51.86 46.11 61.24

Description Mar 19 Mar 18 Mar 17
Cash From Operating Activity -620.51 -102.87 436.95 PBT 243.51 175.04 162.55 Adjustment 142.99 191.97 134.34 Changes in Working Capital -868.15 -415.48 183.79 Cash after chg. in Working capital -481.64 -48.46 480.68 Interest Paid 0.00 0.00 0.00 Tax Paid -138.86 -54.41 -43.73 Other Direct Exp. Paid 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 Cash From Investing Activity -104.00 36.09 -90.50 Net Fixed Assets -54.31 -36.83 Net Investments -36.25 65.85 Others -13.44 7.07 Cash from Financing Activity 713.20 63.52 -367.94 Net Cash Inflow / Outflow -11.31 -3.26 -21.50 Opening Cash & Equivalents 21.82 25.08 46.58 Closing Cash & Equivalent 11.21 21.82 25.08

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Book Value (Rs.) 101.80 89.39 82.78 72.16 65.73 68.39 70.42 67.66 59.42 48.49 ROA 3.93% 2.60% 3.62% 3.61% -0.47% -0.22% 2.27% 5.85% 9.27% 10.57% ROE 16.68% 9.32% 13.41% 15.48% -2.02% -0.75% 7.26% 18.23% 26.46% 34.92% ROCE 17.34% 14.12% 15.73% 20.71% 7.83% 7.47% 15.45% 29.52% 37.65% 43.77% Fixed Asset Turnover 15.51 12.24 12.83 12.57 10.66 11.64 11.38 12.46 13.82 13.87 Receivable days 119.56 119.61 116.96 106.58 107.41 97.56 99.76 106.89 109.67 106.27 Inventory Days 38.29 44.51 45.77 38.71 39.20 38.97 41.65 37.89 33.27 31.41 Payable days 55.28 65.00 53.99 46.75 51.71 47.72 48.39 52.16 53.72 52.63 Cash Conversion Cycle 102.57 99.12 108.73 98.54 94.90 88.81 93.02 92.62 89.22 85.05 Total Debt/Equity 1.48 0.77 0.73 1.22 0.60 0.50 0.23 0.30 0.19 0.31 Interest Cover 3.24 3.79 3.09 2.64 0.80 0.92 2.00 3.79 6.96 6.41

Description Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 99.72 88.60 81.98 71.81 ROA 3.66% 2.94% 3.41% 2.90% ROE 15.81% 10.60% 13.51% 12.87% ROCE 16.77% 14.76% 19.59% 24.83% Fixed Asset Turnover 14.27 12.24 10.40 10.10 Receivable days 119.48 119.61 114.82 106.95 Inventory Days 38.51 44.51 45.76 39.78 Payable days 55.46 65.00 54.57 43.76 Cash Conversion Cycle 102.53 99.11 106.01 102.97 Total Debt/Equity 1.52 0.78 0.76 0.38 Interest Cover 3.07 3.97 3.09 2.51

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Annual Reports:

News Update:

Bajaj Electricals gets nod to raise Rs 500 crore through NCDs
19th Jun 2020, 14:37 PM

The meeting of Board of directors of the company held on June 19, 2020 approved the same
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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