Bajaj Electricals Share Price Target 2024, 2025, 2030: A Fundamental Analysis

Discovering the potential trajectory of Bajaj Electricals share price targets through 2024, 2025, and 2030 with a comprehensive fundamental analysis. Uncover insights into the company’s performance and market trends to gain valuable investment perspectives.

About Bajaj Electricals Ltd.

Bajaj Electricals Ltd, headquartered in Mumbai, Maharashtra, India, is a prominent manufacturer of consumer electrical equipment. Part of the Bajaj Group, which boasts a revenue of ₹380 billion (US$4.8 billion), the company operates across diverse sectors including lighting, appliances, fans, and engineering projects.

Its core areas comprise lighting (lamps, tubes, and luminaires), consumer durables (appliances and fans), and engineering projects (transmission line towers, telecommunications towers, high-mast poles, special projects, etc.).

Notable endeavors include illuminating the Commonwealth Games stadium and contributing to the Bandra Worli Sea Link. Bajaj Electricals Ltd boasts a wide network, encompassing 19 branch offices, around 1000 distributors, 4000 authorized dealers, over 400,000 retail outlets, and more than 282 Customer Care centers nationwide.

Company Profile

Company Name	Bajaj Electricals Ltd.
Type	Public
Traded as	BSE: 500031, NSE: BAJAJELEC
Industry	Electrical Equipment
Founded	14 July 1938
Founder	Kamalnayan Bajaj
Headquarters	Mumbai, Maharashtra, India
Key People	Shekhar Bajaj (Executive Chairman), Anuj Poddar (CEO and Managing Director)
Products	Home Appliances, Fans, Lighting, Engineering and Products
Revenue	₹27.7 billion (US$350 million) (2011)
Parent Company	Bajaj Group
Subsidiaries	Starlite Lighting
Website	www.bajajelectricals.com

Bajaj Electricals Ltd. Fundamental Analysis

Market Cap	₹ 11,555.44 Cr.
Enterprise Value	₹ 11,186.42 Cr.
Number of Shares	11.51 Cr.
P/E	65.12
P/B	7.97
Face Value	₹ 2
Dividend Yield	0.4%
Book Value (TTM)	₹ 126.04
Cash	₹ 369.19 Cr.
Debt	₹ 0.17 Cr.
Promoter Holding	62.85%
EPS (TTM)	₹ 15.42
Sales Growth	13.14%
ROE	12.54%
ROCE	19.53%
Profit Growth	68.51%

Bajaj Electricals Ltd. Profit & Loss – Last 3 Years

DATA	MAR 2019	MAR 2020	MAR 2021	MAR 2022	MAR 2023
Net Sales (Cr.)	6,673.14	4,977.09	4,573.06	4,788.19	5,417.41
Total Expenditure (Cr.)	6,325.11	4,770.16	4,276.30	4,549.79	5,084.56
Operating Profit (Cr.)	348.03	206.92	296.76	238.41	332.85
Other Income (Cr.)	65.74	52.63	77.47	85.15	108
Interest (Cr.)	115.88	169.16	75.55	68.67	47.70
Depreciation (Cr.)	38.46	68.01	69.26	63.04	75.42
Exceptional Items (Cr.)	0	0	11.76	-13.23	0
Profit Before Tax (Cr.)	259.44	22.39	241.18	178.61	317.73
Tax (Cr.)	92.37	22.52	57.54	41.83	87.22
Net Profit (Cr.)	167.07	-0.13	183.64	136.79	230.51
Adjusted EPS (Rs.)	15.92	-0.01	16.03	11.91	20.03

Bajaj Electricals Ltd. Share Price Growth (All Time)

Bajaj Electricals Share Price Target 2024

In 2024, Bajaj Electricals Ltd (BAJAJELEC) is anticipated to witness significant growth. The initial target for the company is ₹1073.21. However, market volatility might lead to fluctuations, with the share price peaking at ₹1082.79 mid-year.

Bajaj Electricals Share Price Target 2024:

Month	Target
January	₹1073.21
February	₹1083.82
March	₹1073.29
April	₹1068.09
May	₹1082.70
June	₹1082.69
July	₹1082.79
August	₹1149.28
September	₹1149.20
October	₹1149.29
November	₹1149.39
December	₹1149.34

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Bajaj Electricals Share Price Target 2025, 2026, 2027, 2028 & 2029

2025 is projected to be another strong year for Bajaj Electricals Ltd. The initial target for the year is ₹1217.39. Market conditions are expected to remain favorable, with a mid-year target of ₹1212.26. The year is forecasted to conclude with a target price of ₹1212.03.

Bajaj Electricals Share Price Target 2025

Month	Target
January	₹1217.39
February	₹1227.99
March	₹1217.53
April	₹1212.21
May	₹1212.31
June	₹1212.23
July	₹1212.26
August	₹1212.20
September	₹1212.16
October	₹1212.06
November	₹1212.11
December	₹1212.03

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Bajaj Electricals Share Price Target 2026

For 2026, Bajaj Electricals Ltd is expected to face a temporary decline in the early months, followed by a recovery by mid-year. The initial target is ₹1300, with a mid-year target of ₹1294.79. The year is forecasted to conclude with a target price of ₹1294.83.

Bajaj Electricals Share Price Target 2026:

Month	Target
January	₹1300
February	₹1310.53
March	₹1300.10
April	₹1294.75
May	₹1294.82
June	₹1294.79
July	₹1294.86
August	₹1294.79
September	₹1294.73
October	₹1294.77
November	₹1294.76
December	₹1294.83

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Bajaj Electricals Share Price Target 2027

Explanation: Mixed trends are expected for Bajaj Electricals Ltd in 2027, with rapid movements both upward and downward. The year starts with an initial target of ₹1386.64 and a mid-year target of ₹1381.50. By year-end, the target price is anticipated to reach ₹1381.54.

Bajaj Electricals Share Price Target 2027:

Month	Target
January	₹1386.64
February	₹1397.22
March	₹1386.70
April	₹1381.44
May	₹1381.48
June	₹1381.50
July	₹1381.53
August	₹1381.45
September	₹1381.44
October	₹1381.52
November	₹1381.52
December	₹1381.54

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Bajaj Electricals Share Price Target 2028

Explanation: 2028 is expected to witness strong and steady growth for Bajaj Electricals Ltd, with the initial target set at ₹1477.57. By mid-year, the target is expected to reach ₹1472.34, with a year-end target of ₹1472.26.

Bajaj Electricals Share Price Target 2028:

Month	Target
January	₹1477.57
February	₹1487.98
March	₹1477.51
April	₹1472.20
May	₹1472.30
June	₹1472.34
July	₹1472.28
August	₹1472.20
September	₹1472.15
October	₹1472.09
November	₹1472.16
December	₹1472.26

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Bajaj Electricals Share Price Target 2029

Continuing the upward trajectory, 2029 is expected to see Bajaj Electricals Ltd reaching new highs. The initial target is set at ₹1572.98, with a mid-year target of ₹1567.71. The year is projected to conclude with a target price of ₹1567.69.

Bajaj Electricals Share Price Target 2029:

Month	Target
January	₹1572.98
February	₹1583.50
March	₹1573.00
April	₹1567.81
May	₹1567.79
June	₹1567.71
July	₹1567.62
August	₹1567.66
September	₹1567.76
October	₹1567.70
November	₹1567.75
December	₹1567.69

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Bajaj Electricals Share Price Target 2030

By 2030, Bajaj Electricals Ltd is forecasted to maintain its growth trajectory. The initial target for the year is set at ₹2000.21. By mid-year, the target price could reach ₹2100.02, with a year-end target of ₹2500.83.

Bajaj Electricals Share Price Target 2030:

Year	Target
2030	₹2000 – ₹2500

Bajaj Electricals Ltd. Share Analysis Report: Buy or Sell?

Bajaj Electricals, a renowned brand in the consumer durable segment in India and globally, operates in a sector that has seen substantial investments and growth. The Consumer Durable sector in India has experienced increased demand, supported by rising disposable income and a market size expected to reach 48.37 billion USD by FY22, up from 21.49 billion USD in FY17.

1. Net Sales: The company’s net sales stand at Rs 5,417.41 Cr, reflecting a growth of 13.14% from the previous year’s sales of Rs 4,788.19 Cr.
2. Inventory Turnover: With a turnover ratio of 5.35 times, Bajaj Electricals exhibits room for improvement in asset management.
3. Profit After Tax (PAT) Growth: The PAT growth rate of 68.51% is commendable, contributing to a PAT margin of 4.25%.
4. Earnings Per Share (EPS) Growth: The EPS growth rate aligns closely with the PAT growth rate, standing at 68.22%. The latest quarter’s EPS is reported at 3.29 Rs.
5. Share Price: The current share price is Rs 1004. Utilizing valuation calculators can assist in determining whether Bajaj Electricals’ share price is undervalued or overvalued.
6. Return on Assets and Equity: Over the past 3 years, the company’s assets have provided an average return of 4.31%, while equity has delivered an average return of 11.06%.
7. Debt to Equity Ratio: Bajaj Electricals maintains a Debt to Equity ratio of 0.00, indicating lower financial risk compared to its peers.

Disclaimer: Please note, stock price projections for Mahindra and Mahindra (M&M) in 2024, 2025, and 2030 are based on factors like past performance and market trends. However, investing involves risks, and past performance doesn’t guarantee future results. These projections are for informational purposes only and aren’t financial advice or guarantees. It’s essential to research and consult with experts before making investment decisions.