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 ₹29.63, price ₹278, upside -89.3%, quality 55 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? Yes
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Bajaj Electricals Limited
BAJAJELEC · BSEStretched ValuationStrong overvaluation with only moderate quality.
Our calculation puts a fair price 89% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 24, 2026.
How to read this chart
60‑month range ₹278.05 – ₹1,231 · fair‑value band ₹29.63 – ₹30.44 · the ₹278.05 price screens above the ₹29.63 fair value. Dashed = 300-day average. As of Oct 24, 2026.
Company profile
Bajaj Electricals Limited engages in the consumer durables; and engineering, procurement, and construction businesses in India. The company operates through Consumer Products and Lighting Solutions segments.
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It also offers breakfast appliances comprises juicer, electric kettle, pop-up toaster, and sandwich makers. In addition, the company provides cooking appliances consisting of electric cooker, gas stove, induction cooker, microwave oven, pressure cookers, pans, tavas, and OTG ovens.
Further, it offers mixer grinder, hand blender, food processor, chopper, and wet grinders; room heater, air cooler, irons, and water heater. Additionally, the company provides fans and lighting, as well as engages in generation of wind energy business.
Bajaj Electricals Limited operates retail outlets. The company exports its products to Sri Lanka, Bangladesh, Singapore, Myanmar, Mauritius, Nigeria, Ethiopia, Uganda, Ghana, Tanzania, Madagascar, Kenya, Egypt, the United Arab Emirates, Oman, Bahrain, Iraq, Jordan, and other countries.
Bajaj Electricals Limited 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 ₹278.05, while our model-based Fair Value estimate is ₹29.63, 89.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹290.80 per share, and 5 of the 13 models we run sit above the ₹278.05 price.
Bear case: the Asset-Based group reads lowest at ₹5.50, and 8 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹29.63 (bear) to ₹30.44 (bull), the price of ₹278.05 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 55/100 (solid 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 ₹44.5B in FY2026 versus ₹47.3B in FY2022, a compound −1.5%/yr. Reported net income was −₹909M in FY2026.
Key figures
Market cap ₹32.1B (≈ $338M) Small · P/E ratio 29.8 · P/S ratio 0.87 · EPS (TTM) ₹9.34 · Net margin 2.2% · Return on equity 6.5% · Return on assets (EBIT) 4.1% · Operating margin 2.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
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 −89%, BAJAJELEC screens richer than that median.
Fair Value models
All 13 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
BAJAJELEC screens overvalued: fair value 89% below the price. Compare with Midea Group →
Compare Bajaj Electricals Limited with another stock
Price, fair value, quality and upside side by side.
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
Valuation Multiplesvs Furnishings, Fixtures & Appliances median · lower = cheaper
Context: sector, industry, market
- Is the Consumer Discretionary sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Gree Electric Appliances, Inc 000651 | ¥37.13 | ¥97.62 | +163% | vs BAJAJELEC |
| Haier Smart Home Co 600690 | ¥19.69 | ¥45.72 | +132% | vs BAJAJELEC |
| Midea Group 000333 | ¥83.86 | ¥129.20 | +54% | vs BAJAJELEC |
| Mohawk Industries, Inc MHK | $124.72 | $114.64 | −8% | vs BAJAJELEC |
| De'Longhi S.p.A DLG | €44.02 | €40.25 | −9% | vs BAJAJELEC |
| COWAY Co 021240 | 106,100 KRW | 74,990 KRW | −29% | vs BAJAJELEC |
| SharkNinja, Inc SN | $197.58 | $98.58 | −50% | vs BAJAJELEC |
| Somnigroup International Inc SGI | $62.87 | $29.05 | −54% | vs BAJAJELEC |
| King Slide Works Co 2059 | 10,080 TWD | 4,427 TWD | −56% | vs BAJAJELEC |
| Guangdong Songfa Ceramics Co 603268 | ¥176.89 | ¥37.00 | −79% | vs BAJAJELEC |
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Key figures of Bajaj Electricals Limited
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