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Bajaj Consumer Care Limited (BAJAJCON) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹75.5B

BC Bajaj Consumer Care Limited BAJAJCON · NSE
Price₹538.25
Fair Value₹198.11
Upside-63.2%
Quality89/100
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Healthy Growth
Solidly profitable · 16.3% net margin
generates free cash flow
Mixed vs. peers (7/12)
Wide moat 81/100
Evidence: High Range ₹135.61 – ₹279.37 Share as image

Fair value as of: Aug 2, 2026

From 26 valuation models · updated 11 days ago

Fair value updated Aug 2, 2026, revised from ₹246.77 to ₹198.11 (−19.7%) since Jun 29, 2026. Share price −18.5% over the past month.

A strong business, but screening 63% overvalued on our models.

What matters now

  • A high-quality business (quality 89/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (₹279.37). The favourable scenario is already priced in.
  • A fairly wide model range (₹135.61 to ₹279.37) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹670.25 ₹122.32 Fair Value ₹198.11 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹122.32 – ₹670.25 · fair‑value band ₹135.61 – ₹279.37 · the ₹538.25 price screens above the ₹198.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Bajaj Consumer Care Limited (BAJAJCON) currently trades at ₹538.25, while our model-based Fair Value estimate is ₹198.11, implying the stock looks roughly 63.2% overvalued today. The Quality Score stands at 89/100 (high quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Bajaj Consumer Care Limited generated revenue of ₹11.6B at a net margin of 16.3%. Revenue grew 30.4% year over year. It earns a return on equity of 25.3%. The balance sheet holds a net cash position of ₹234M. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹135.61 (bear case) to ₹279.37 (bull case); at ₹538.25, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 162% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at -63%, BAJAJCON screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹90.12 ₹112.32 ₹396.04 76
Growth DCF ₹168.09 ₹247.22 ₹360.28 72
Gordon GGM ₹80.19 ₹166.72 ₹264.49 70
All 26 models by family
DCF Models
FCF DCF ₹165.17 ₹254.29 ₹389.73 38
Owner Earnings ₹152.49 ₹234.64 ₹359.47 31
5Y Revenue Exit ₹117.67 ₹174.50 ₹245.37 39
5Y EBITDA Exit ₹155.04 ₹244.18 ₹347.07 41
5Y P/E Exit ₹192.31 ₹313.68 ₹440.49 38
10Y Revenue Exit ₹130.56 ₹186.37 ₹258.59 36
10Y EBITDA Exit ₹157.19 ₹234.68 ₹335.99 37
10Y P/E Exit ₹180.92 ₹282.85 ₹407.09 35
Earnings-Based
Graham-Dodd ₹99.01 ₹303.24 ₹402.64 54
Lynch FV ₹65.23 ₹93.18 ₹121.14 50
PEG = 1.0 ₹65.23 ₹93.18 ₹121.14 46
EPV ₹122.86 ₹142.83 ₹160.31 59
Dividend Discount
Gordon GGM ₹80.19 ₹166.72 ₹264.49 70
DDM Multi-Stage ₹80.19 ₹131.66 ₹174.98 61
Multiples
P/E Multiple ₹229.32 ₹305.76 ₹382.20 63
P/S Multiple ₹107.00 ₹142.67 ₹178.34 58
P/B Multiple ₹185.64 ₹247.52 ₹309.40 55
EV/EBIT ₹203.66 ₹270.55 ₹337.44 53
EV/EBITDA ₹167.90 ₹222.87 ₹277.84 54
EV/Revenue ₹96.63 ₹136.75 ₹176.88 43
Asset-Based
NCAV (Graham) ₹28.90 ₹38.73 ₹57.80 50
Growth DCF
Growth DCF ₹168.09 ₹247.22 ₹360.28 72
Rev-Margin DCF ₹117.67 ₹175.93 ₹243.15 67
Economic Profit
Residual Income ₹90.12 ₹112.32 ₹396.04 76
ROIC Compounder ₹131.18 ₹164.16 ₹201.87 67
Growth Earnings
Growth-Adj P/E ₹188.57 ₹269.38 ₹350.20 68

Widest divergence: Growth Earnings (₹269.38) versus Asset-Based (₹38.73). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹11.6B
Revenue growth (YoY) +30.4%
Net margin 16.3%
Return on equity 25.3%
Free cash flow ₹1.9B FY2026
P/E ratio 40.6
More key figures
Operating margin 22.0%
EPS (TTM) ₹14.23
EPS growth (YoY) +113%
Net cash ₹234M FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 89/100

Of which business quality 84 · Market factors (momentum, volatility) 74

Profitability 90
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 83
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Bajaj Consumer Care Limited manufactures, markets, distributes, and sells hair care, cosmetics, toiletries, and other personal care products in India and internationally.

Full company description

Bajaj Consumer Care Limited manufactures, markets, distributes, and sells hair care, cosmetics, toiletries, and other personal care products in India and internationally. The company offers hair oil and serum, shampoo, body lotion, and soap under the Bajaj Almond Drops brand name; and castor, coconut, virgin coconut, olive, kalonji, and jojoba oil under the Bajaj 100% Pure brand. It also provides face scrub, face wash, hand sanitizer, soap, cream, and face serum under the Bajaj Nomarks brand name; and hair masque, hair oil, argan oil, hair serum, and almond oil under the Natyv Soul brand name. In addition, the company offers hair oil under the Bajaj Jasmine and Bajaj Zero Grey brands, as well as Bajaj multipurpose sanitizer products; and other consumer care products under the Bajaj Gulab Jal, Bajaj 100% Pure Henna, Sarson Amla, Brahmi Amla, and Amla Aloe Vera brands. It serves customers in hair care, hair styling, and skin care categories through retail outlets serviced by its distribution network, including regional offices, carrying and forwarding agents, and distributors. The company was formerly known as Bajaj Corp Limited and changed its name to Bajaj Consumer Care Limited in January 2019. Bajaj Consumer Care Limited was founded in 1953 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Bajaj Consumer Care Limited reported revenue of ₹11.6B in FY2026 versus ₹8.7B in FY2022, a compound +7.7%/yr. Reported net income was ₹1.9B in FY2026, compounding +2.9%/yr from FY2022.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹11.6B
Latest YoY
+20.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.2%
Avg. growth/yr (17Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.6%
Revenue +7.7%/yr
FY22 ₹8.7B
FY23 ₹9.5B
FY24 ₹9.7B
FY25 ₹9.6B
FY26 ₹11.6B
Net income +2.9%/yr
FY22 ₹1.7B
FY23 ₹1.4B
FY24 ₹1.6B
FY25 ₹1.3B
FY26 ₹1.9B
Character of growth · EPS growth decomposed (2015-2026) −1.7 % p.a.
Revenue per share +3.2 pp

of which total revenue +2.4 pp · buybacks/dilution +0.7 pp

EBIT margin −4.8 pp
Tax rate +0.5 pp
Residual (interest, one-offs) −0.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

BAJAJCON screens 63% overvalued. Compare with The Procter & Gamble Company →

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Cite: Fair Value Calculator (2026). "Bajaj Consumer Care Limited Fair Value". https://www.fairvalue-calculator.com/stock/BAJAJCON

Peer Group

Household & Personal Products · 245 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 89 · Top 25%
Fair Value upside −63% · Bottom 25%
Return on equity (TTM) 25% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth 30% · Top 25%

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/E (TTM) 40.6× · Pricier than 75% of peers
P/B 10.00× · Pricier than 75% of peers
P/S (TTM) 6.48× · Pricier than 75% of peers
P/FCF 0.4× · Cheaper than median
EV/EBITDA 34.0× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 23
FUTURE 100 · sector 4
PAST 100 · sector 25
HEALTH 0 · sector 98
DIVIDEND 0 · sector 52

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $146.80 $108.16 -26%
Unilever PLC ULN 1,080 MXN 1,273 MXN +18%
Hindustan Unilever Limited HINDUNILVR ₹2,144 ₹1,000 -53%
Essity AB ESSITYA kr 279.00 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹1,088 ₹367.64 -66%
Marico Limited MARICO ₹846.75 ₹233.05 -72%
APR Co 278470 375,000 KRW 151,222 KRW -60%
Dabur India Limited DABUR ₹429.45 ₹181.60 -58%
Kimberly-Clark de México, S. A. B. de C. V., KIMBERA 38.07 MXN 50.09 MXN +32%
PT Unilever Indonesia Tbk UNVR 1,730 IDR 1,934 IDR +12%

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Frequently asked questions

Is Bajaj Consumer Care Limited (BAJAJCON) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹198.11 versus a price of ₹538.25, about −63% (overvalued).
What is the fair value of BAJAJCON?
Our model-based fair value for Bajaj Consumer Care Limited is ₹198.11 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹538.25.
What is the quality score of BAJAJCON?
Bajaj Consumer Care Limited has a Quality Score of 89/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Bajaj Consumer Care Limited (BAJAJCON)?
Bajaj Consumer Care Limited reported trailing-twelve-month revenue of about ₹11.6B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of BAJAJCON?
The net profit margin of Bajaj Consumer Care Limited is about 16.3%, meaning it keeps roughly 16.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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