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:

11274.20

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38014.62

569.40 (5.32%)
1921.15 (5.32%)

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Nifty
Sensex

:
:

11274.20
38014.62

569.40 (5.32%)
1921.15 (5.32%)

Bajaj Electricals Ltd.

Consumer Durables - Domestic Appliances

Rating :

67/99

BSE: 500031 | NSE: BAJAJELEC

Watchlist

NSE BSE

400.15

20-Sep-2019

Open
High
Low
Previous Close

376.90
405.70
372.00
376.10

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

159481
627.40
587.70
338.45

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

4,101.33
28.49
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

5,674.92
0.87%
3.78

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

11.59
9.38
16.12

EBITDA CAGR (%)

10 Years
5 Years
3 Years

3.98
31.55
8.26

PAT CAGR (%)

10 Years
5 Years
3 Years

2.92
-
15.77

P:E (Median)

8 Years
5 Years
3 Years

24.19
30.48
37.15

P:BV (Average)

8 Years
5 Years
3 Years

3.70
4.18
4.76

EV:EBITDA (Average)

8 Years
5 Years
3 Years

17.05
17.94
15.20

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Jun 19 Jun 18 Var% Mar 19 Mar 18 Var% Dec 18 Dec 17 Var% Sep 18 Sep 17 Var%
Net Sales 1,297.78 1,139.93 13.85% 1,772.94 1,606.27 10.38% 2,161.83 1,145.13 88.78% 1,598.44 935.58 70.85%
Expenses 1,222.83 1,060.12 15.35% 1,703.56 1,471.30 15.79% 2,024.04 1,074.83 88.31% 1,518.50 892.64 70.11%
EBITDA 74.95 79.81 -6.09% 69.38 134.97 -48.60% 137.79 70.30 96.00% 79.94 42.94 86.17%
EBIDTM 5.78% 7.00% 3.91% 8.40% 6.37% 6.14% 5.00% 4.59%
Other Income 17.94 9.31 92.70% 26.27 22.55 16.50% 5.52 9.60 -42.50% 5.76 10.55 -45.40%
Interest 49.46 17.67 179.91% 41.89 15.45 171.13% 33.30 14.35 132.06% 23.02 14.07 63.61%
Depreciation 16.12 9.16 75.98% 9.90 8.86 11.74% 9.99 8.33 19.93% 9.41 8.77 7.30%
PBT 27.31 62.29 -56.16% 43.86 43.85 0.02% 100.02 57.22 74.80% 53.27 30.65 73.80%
Tax 9.91 21.76 -54.46% 15.32 36.54 -58.07% 36.10 20.39 77.05% 19.19 11.67 64.44%
PAT 17.40 40.53 -57.07% 28.54 7.31 290.42% 63.92 36.83 73.55% 34.08 18.98 79.56%
PATM 1.34% 3.56% 1.61% 0.46% 2.96% 3.22% 2.13% 2.03%
EPS 1.70 3.97 -57.18% 2.79 0.72 287.50% 6.25 3.61 73.13% 3.33 1.87 78.07%

Description Jun 19 Jun 18 Var% Mar 19 Mar 18 Var% Dec 18 Dec 17 Var% Sep 18 Sep 17 Var%
Net Sales 1,300.69 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses 1,227.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBITDA 73.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIDTM 5.65% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 17.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 49.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 17.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBT 23.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Tax 9.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT 14.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PATM 1.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 1.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

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 6,830.99 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 41.52% 41.76% 10.46% -7.16% 7.69% 5.77% 19.32% 8.98% 13.05% 23.01% Cost Of Goods Sold 4,807.62 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 2,023.37 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 29.62% 29.36% 34.05% 35.21% 32.66% 29.82% 28.39% 23.54% 25.91% 25.73% 28.09% Total Expenditure 6,468.93 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. - 529.90 415.82 391.37 319.86 312.69 334.18 92.33 90.36 76.01 67.83 % Of Sales - 7.94% 8.83% 9.18% 6.97% 7.34% 8.29% 2.73% 2.92% 2.77% 3.04% General & Admin Exp. - 242.36 226.78 208.37 127.88 116.90 104.35 94.19 83.94 66.80 56.08 % Of Sales - 3.63% 4.82% 4.89% 2.79% 2.74% 2.59% 2.79% 2.71% 2.44% 2.52% Selling & Distn. Exp. - 325.91 220.96 221.79 324.61 319.98 275.19 211.00 181.03 143.85 131.98 % Of Sales - 4.88% 4.69% 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 362.06 348.03 282.05 234.05 264.24 88.35 81.94 110.88 237.14 254.91 235.50 EBITDA Margin 5.30% 5.22% 5.99% 5.49% 5.76% 2.07% 2.03% 3.28% 7.65% 9.30% 10.57% Other Income 55.49 65.74 64.59 44.30 48.08 24.29 15.14 16.81 14.37 16.09 11.39 Interest 147.67 115.88 58.86 80.44 108.08 104.43 78.30 68.98 63.04 36.65 37.07 Depreciation 45.42 38.46 33.94 29.87 27.38 29.03 24.75 14.45 12.52 10.80 9.20 PBT 224.46 259.44 253.83 168.04 176.87 -20.82 -5.96 44.25 175.95 223.56 200.62 Tax 80.52 92.37 80.85 60.38 66.52 -6.87 -0.65 17.77 58.07 74.77 75.35 Tax Rate 35.87% 35.60% 49.16% 35.93% 37.61% 33.00% 10.91% 25.76% 33.00% 34.21% 37.56% PAT 143.94 167.07 83.62 107.66 110.35 -13.95 -5.31 51.21 117.88 143.79 125.27 PAT before Minority Interest 143.94 167.07 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 2.11% 2.50% 1.78% 2.53% 2.40% -0.33% -0.13% 1.52% 3.80% 5.25% 5.62% PAT Growth 38.87% 99.80% -22.33% -2.44% - - - -56.56% -18.02% 14.78% Unadjusted EPS 14.07 16.34 16.17 10.65 10.94 -1.39 -0.53 5.14 11.85 14.63 13.01

Description TTM Mar 19 Mar 18 Mar 17 Mar 16
Net Sales - 6,679.41 4,707.45 4,261.71 4,611.95 Net Sales Growth - 41.89% 10.46% -7.59% Cost Of Goods Sold - 4,719.69 3,104.47 2,761.16 3,014.40 Gross Profit - 1,959.72 1,602.98 1,500.55 1,597.55 GP Margin - 29.34% 34.05% 35.21% 34.64% Total Expenditure - 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. - 530.11 341.86 320.20 388.83 % Of Sales - 7.94% 7.26% 7.51% 8.43% General & Admin Exp. - 243.13 226.78 208.31 135.64 % Of Sales - 3.64% 4.82% 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 - 339.79 282.05 234.05 259.38 EBITDA Margin - 5.09% 5.99% 5.49% 5.62% Other Income - 65.26 64.59 44.30 22.85 Interest - 117.60 58.86 80.44 101.40 Depreciation - 43.94 33.94 29.87 27.24 PBT - 243.51 253.83 168.04 153.58 Tax - 87.55 80.85 60.38 57.98 Tax Rate - 35.95% 46.19% 35.93% 37.75% PAT - 158.79 94.20 107.66 95.60 PAT before Minority Interest - 155.97 94.20 107.66 95.60 Minority Interest - 2.82 0.00 0.00 0.00 PAT Margin - 2.38% 2.00% 2.53% 2.07% PAT Growth - 68.57% -12.50% 12.62% Unadjusted EPS - 15.02 8.23 10.10 9.46

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 520.27 144.04 104.22 55.07 149.13 153.88 235.92 110.45 67.87 179.06 Short Term Loans & Adv. 278.17 178.72 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 519.67 144.04 104.22 39.20 Short Term Loans & Adv. 277.53 178.72 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 243.51 164.48 162.55 Adjustment 142.99 202.53 134.34 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.) 104.35 91.63 84.86 73.96 67.38 70.10 72.18 69.35 60.90 49.71 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 65.42 53.99 46.75 51.71 47.72 48.39 52.16 53.72 52.63 Cash Conversion Cycle 102.57 98.70 108.73 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.) 102.22 90.82 84.03 73.61 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 65.42 54.57 43.76 Cash Conversion Cycle 102.53 98.70 106.01 102.97 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 wins 2019 ASCM Corporate award
20th Sep 2019, 10:44 AM

The company has won award from the Association for Supply Chain Management
Read More
Bajaj Electricals - Quarterly Results
7th Aug 2019, 12:40 PM

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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