Bajaj Electricals Limited (BAJAJELEC) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of Bajaj Electricals Limited stock ₹27.87, price ₹278, upside -90.0%, quality 50 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?No
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 25, 2026.
How to read this chart
60‑month range ₹278.20 – ₹1,172 · fair‑value band ₹27.27 – ₹28.36 · the ₹278.20 price screens above the ₹27.87 fair value. Dashed = 300-day average. As of Oct 25, 2026.
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Bajaj Electricals Limited engages in the provision of consumer products and lighting solutions in India.
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It offers fans, such as ceiling, table, tower, and personal fan; home appliances comprising water heater, air cooler, room heater, and irons; kitchen appliances, including mixer grinder, juicer, stand mixer, hand blender, food processor, air fryer, and kettle; cooking essentials which consists of gas stove, pressure cooers, induction stoves, pans, and Kadhai; and grooming products which include hair dryer, straightener, trimmer, and body groomer.
The company also provides consumer lighting products, such as bulbs, batons, decorative light, portable light, and outdoor light; and indoor office, stadium, tunnel, and street light. It offers its products under the Bajaj, Morphy Richards, Nirlep, and Nex brand names.
The company was formerly known as Radio Lamp Works Limited and changed its name to Bajaj Electricals Limited in October 1960. The company was incorporated in 1938 and is based in Mumbai, India.
Stock analysis
Bajaj Electricals Limited (BAJAJELEC) currently trades at ₹278.20, while our model-based Fair Value estimate is ₹27.87, 90.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ₹260.26 per share, and 5 of the 16 models we run sit above the ₹278.20 price.
Bear case: the Asset-Based group reads lowest at ₹5.50, and 11 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹27.27 (bear) to ₹28.36 (bull), the price of ₹278.20 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Bajaj Electricals Limited reported revenue of ₹44.6B in FY2026 versus ₹48.1B in FY2022, a compound −1.9%/yr. Reported net income was −₹909M in FY2026.
Key figures
Market cap ₹32.2B (≈ $339M) Small · P/S ratio 0.77 · EPS (TTM) ₹−3.78 · Dividend yield 1.0% · Net margin −1.0% · Return on equity 6.5% · Return on assets (EBIT) 4.2% · Operating margin 4.3%.
What moves the price
The share trades about 47% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −9% fair-value upside, at −90%, BAJAJELEC screens richer than that median.
Fair Value models
Bear₹27.27Fair Value ₹27.87Bull₹28.36
Price ₹278.20 · Upside -90.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−7.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−2.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.5%
Start year 2021 (pandemic). Over 10 years: −0.3% a year
Revenue growth 21 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+18.1%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
5.3% (2021) → 0.2% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−12.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about −16.0% a year for the price and +5.1% for the forecasts.
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Peer Groupⓘ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.Furnishings, Fixtures & Appliances · 297 stocks
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Is Bajaj Electricals Limited (BAJAJELEC) overvalued or undervalued?
As of Oct 25, 2026, our model estimates a fair value of ₹27.87 versus a price of ₹278.20, about −90% upside (overvalued).
What is the fair value of BAJAJELEC?
Our model-based fair value for Bajaj Electricals Limited is ₹27.87 (as of Oct 25, 2026), built from audited fundamentals. The current price: ₹278.20.
What is the quality score of BAJAJELEC?
Bajaj Electricals Limited has a Quality Score of 50/100. 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 price target for Bajaj Electricals Limited (BAJAJELEC)?
Our model-based price target is the fair value of ₹27.87 (as of Oct 25, 2026) from 16 valuation models. Cautious scenario ₹27.27, optimistic scenario ₹28.36. It is a calculation from audited fundamentals, not an analyst target.
What is the Bajaj Electricals Limited stock forecast for 2026?
Our models put fair value at ₹27.87, about −90% upside versus a price of ₹278.20 (overvalued). Cautious scenario ₹27.27, optimistic scenario ₹28.36. The calculation is refreshed regularly with new filings.
What is the revenue of Bajaj Electricals Limited (BAJAJELEC)?
Bajaj Electricals Limited reported trailing-twelve-month revenue of about ₹45.1B (latest available figure, as of Oct 25, 2026).
Does Bajaj Electricals Limited pay a dividend?
Bajaj Electricals Limited currently shows a dividend yield of 1.00% relative to its recent price (as of Oct 25, 2026).
What growth is priced into Bajaj Electricals Limited (BAJAJELEC)?
For today's price to be fair in a discounted-cash-flow model, Bajaj Electricals Limited would have to grow free cash flow by -12.6 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.5 % per year. As of Oct 25, 2026.
What discount rate (WACC) does the fair value of BAJAJELEC use?
Our models discount Bajaj Electricals Limited at 12.4 %: a base by market capitalisation (small), damped by beta 0.01, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bajaj Electricals Limited that is -12.6 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Bajaj Electricals Limited (BAJAJELEC) delivered so far?
Over the past 5 years revenue at Bajaj Electricals Limited grew -0.5 % a year. The price currently implies -12.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bajaj Electricals Limited (BAJAJELEC) growing?
The median revenue growth in the sector is +4.3 % a year. That is the yardstick for the growth priced into Bajaj Electricals Limited (-12.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bajaj Electricals Limited (BAJAJELEC)?
The free-cash-flow yield on the price is 18.02 %: that much free cash flow Bajaj Electricals Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bajaj Electricals Limited (BAJAJELEC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bajaj Electricals Limited it is ₹27.87 per share (as of Oct 25, 2026), against a price of ₹278.20. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Bajaj Electricals Limited stock overvalued or undervalued in 2026?
As of Oct 25, 2026, BAJAJELEC trades above its calculated fair value: price ₹278.20, fair value ₹27.87, a gap of about −90% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BAJAJELEC?
No. The price is what the market pays today (₹278.20); the fair value is what the company's own numbers justify (₹27.87). For Bajaj Electricals Limited the two are ₹250.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bajaj Electricals Limited worth?
The market values Bajaj Electricals Limited at about ₹32.2B (market capitalisation, as of Oct 25, 2026). Per share that is ₹278.20; our models calculate a fair value of ₹27.87 per share.
What do the bullish and bearish scenarios say about BAJAJELEC?
Our models span a range for Bajaj Electricals Limited: cautious scenario ₹27.27, base ₹27.87, optimistic ₹28.36 per share (as of Oct 25, 2026, price ₹278.20). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bajaj Electricals Limited (BAJAJELEC)?
Balance-sheet figures for Bajaj Electricals Limited (as of Oct 25, 2026): return on equity 6.5%. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is BAJAJELEC from its 52-week high?
Bajaj Electricals Limited trades at ₹278.20, about 47% below its 52-week high of ₹528.29 and at the low of ₹278.20 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of ₹27.87 is for.
Which stocks are comparable to Bajaj Electricals Limited?
From the same area (Consumer Cyclical) we also value Midea Group, Guangdong Songfa Ceramics Co, Gree Electric Appliances, Inc, King Slide Works Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bajaj Electricals Limited stock attractive at the current price?
The data as of Oct 25, 2026: price ₹278.20, calculated fair value ₹27.87 (−90%), Quality Score 50/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BAJAJELEC calculated?
We run Bajaj Electricals Limited through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹27.87, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.3 % above its aggregate fair value. Bajaj Electricals Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bajaj Electricals Limited (BAJAJELEC)?
The closing price on Oct 23, 2026 was ₹278.20. Our model-based fair value is ₹27.87, about −90% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bajaj Electricals Limited right now?
The price sits above even our optimistic bull case (₹28.36). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (₹27.27 to ₹28.36), unusually little disagreement for a valuation.
Where does the earnings growth of Bajaj Electricals Limited (BAJAJELEC) come from?
Earnings per share at Bajaj Electricals Limited grew +2.0 % a year from 2016 to 2026. Broken into its drivers: revenue per share −0.8 %, EBIT margin −5.0 %, tax rate +2.8 %, residual (interest, one-offs) +5.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Bajaj Electricals Limited
How large is the market capitalisation of Bajaj Electricals Limited (BAJAJELEC)?
The market capitalisation of Bajaj Electricals Limited is ₹32.2B (≈ $339M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bajaj Electricals Limited (BAJAJELEC)?
The price-to-sales ratio of Bajaj Electricals Limited is 0.77 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bajaj Electricals Limited (BAJAJELEC)?
Earnings per share at Bajaj Electricals Limited are ₹−3.78. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bajaj Electricals Limited (BAJAJELEC)?
The dividend yield of Bajaj Electricals Limited is 1.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Bajaj Electricals Limited (BAJAJELEC)?
The net margin of Bajaj Electricals Limited is −1.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bajaj Electricals Limited (BAJAJELEC)?
The return on equity (ROE) of Bajaj Electricals Limited is 6.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bajaj Electricals Limited (BAJAJELEC)?
On an EBIT basis the return on assets of Bajaj Electricals Limited is 4.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bajaj Electricals Limited (BAJAJELEC)?
The operating margin of Bajaj Electricals Limited is 4.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bajaj Electricals Limited (BAJAJELEC)?
Revenue at Bajaj Electricals Limited is growing +2.3% versus a year earlier (3y avg −2.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bajaj Electricals Limited (BAJAJELEC)?
Earnings per share at Bajaj Electricals Limited are growing +51.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Bajaj Electricals Limited (BAJAJELEC) hold?
Bajaj Electricals Limited holds more cash than debt, ₹988M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 25, 2026