Bajaj Electricals (BAJAJELEC)₹278.90+0.76%Household Appliances
In the Sep 2026 quarter (consolidated), Bajaj Electricals reported sales of ₹1,121 Cr, up 1.4% from Sep 2025, and net profit of ₹26.04 Cr, up 160.1% year on year. For the year to Mar 2026, sales were ₹4,456 Cr and net profit −₹91.24 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,226 | 1,186 | 1,153 | 1,116 | 1,288 | 1,264 | 1,064 | 1,105 | 1,050 | 1,239 | 1,088 | 1,121 |
| Expenses | 1,172 | 1,140 | 1,081 | 1,068 | 1,205 | 1,174 | 1,034 | 1,052 | 1,045 | 1,201 | 1,014 | 1,057 |
| Operating Profit | 57.90 | 49.96 | 74.89 | 51.93 | 86.93 | 92.89 | 32.97 | 56.91 | 7.99 | 39.95 | 76.96 | 66.90 |
| OPM % | 4.7% | 4.2% | 7.0% | 4.6% | 7.0% | 7.0% | 3.1% | 5.0% | 0.8% | 3.2% | 7.0% | 6.0% |
| Other Income | 43.17 | 22.07 | 11.04 | 15.06 | 13.05 | 38.12 | 24.09 | 8.04 | −14.05 | −46.15 | 35.15 | 14.06 |
| Interest | 19.98 | 17.96 | 15.97 | 16.97 | 18.98 | 17.96 | 17.97 | 12.98 | 12.98 | 12.97 | 15.97 | 14.97 |
| Depreciation | 30.03 | 30.02 | 32.03 | 35.01 | 35.99 | 41.04 | 37.03 | 37.04 | 35.05 | 33.04 | 31.02 | 30.01 |
| Profit before tax | 49.82 | 23.90 | 37.87 | 14.94 | 44.85 | 70.77 | 1.99 | 15.94 | −53.84 | −51.81 | 65.74 | 34.89 |
| Tax % | 25.9% | −20.0% | 26.9% | 11.9% | 27.0% | 17.0% | 39.9% | 36.0% | −37.1% | 30.0% | 26.0% | 25.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 16.97 | −5.98 | 0.00 | −12.97 | 3.99 | 5.99 | 0.00 |
| Net Profit | 37.07 | 29.05 | 28.06 | 13.02 | 33.06 | 59.11 | 1.01 | 10.01 | −34.04 | −68.18 | 48.08 | 26.04 |
| EPS (Rs) | 3.26 | 2.53 | 2.45 | 1.13 | 2.90 | 5.13 | 0.09 | 0.86 | −2.97 | −5.84 | 4.18 | 2.27 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,586 | 4,246 | 4,688 | 6,656 | 4,978 | 4,575 | 4,800 | 4,879 | 4,631 | 4,823 | 4,456 | 4,498 |
| Expenses | 4,331 | 4,015 | 4,418 | 6,337 | 4,788 | 4,287 | 4,570 | 4,519 | 4,385 | 4,525 | 4,326 | 4,317 |
| Operating Profit | 264 | 243 | 283 | 337 | 205 | 303 | 250 | 375 | 260 | 307 | 138 | 192 |
| OPM % | 6.0% | 6.0% | 6.0% | 5.0% | 4.1% | 7.0% | 5.0% | 8.0% | 6.0% | 6.0% | 3.1% | 4.3% |
| Other Income | 46.14 | 30.11 | −26.08 | 65.30 | 46.17 | 95.42 | 55.24 | 46.19 | 82.25 | 76.24 | −29.10 | −10.99 |
| Interest | 108 | 79.83 | 58.89 | 118 | 171 | 75.82 | 69.85 | 43.93 | 62.85 | 69.86 | 55.85 | 56.89 |
| Depreciation | 27.04 | 30.01 | 34.05 | 44.06 | 74.08 | 75.11 | 69.02 | 74.07 | 110 | 144 | 142 | 129 |
| Profit before tax | 173 | 163 | 163 | 240 | 6.97 | 245 | 165 | 302 | 167 | 169 | −88.68 | −5.02 |
| Tax % | 37.9% | 36.9% | 49.0% | 35.9% | 243.9% | 23.0% | 25.0% | 28.9% | 22.0% | 21.0% | 2.0% | — |
| Exceptional items | 0.00 | 0.99 | −29.94 | 0.00 | 0.00 | 36.90 | −1.99 | 3.99 | 1.99 | 33.93 | −78.79 | −2.99 |
| Net Profit | 108 | 102 | 84.16 | 154 | −10.01 | 189 | 124 | 216 | 131 | 133 | −91.24 | −28.10 |
| EPS (Rs) | 9.63 | 9.09 | 7.40 | 13.78 | −0.81 | 16.65 | 11.20 | 18.79 | 11.37 | 11.58 | −7.86 | −2.36 |
| Dividend payout % | 26.0% | 28.0% | 43.0% | 23.0% | 0.0% | 0.0% | 27.0% | 21.0% | 26.0% | 26.0% | −38.0% | — |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20.02 | 20.01 | 20.01 | 20.01 | 22.99 | 23.03 | 23.02 | 23.01 | 23.01 | 23.01 | 23.02 |
| Reserves | 734 | 843 | 915 | 1,034 | 1,325 | 1,555 | 1,709 | 1,882 | 1,417 | 1,700 | 1,571 |
| Borrowings | 896 | 644 | 720 | 1,584 | 1,080 | 546 | 90.66 | 101 | 214 | 242 | 159 |
| Other Liabilities | 1,307 | 1,571 | 1,807 | 2,534 | 2,134 | 2,142 | 2,164 | 2,981 | 2,173 | 2,249 | 2,502 |
| Total Liabilities | 2,955 | 3,077 | 3,463 | 5,172 | 4,561 | 4,266 | 3,987 | 4,986 | 3,828 | 4,214 | 4,255 |
| Fixed Assets | 275 | 309 | 315 | 392 | 467 | 529 | 751 | 767 | 914 | 947 | 905 |
| CWIP | 20.91 | 7.97 | 5.98 | 8.96 | 10.97 | 17.94 | 43.83 | 41.83 | 62.76 | 12.95 | 1.99 |
| Investments | 77.25 | 72.29 | 8.03 | 11.04 | 13.05 | 5.02 | 5.02 | 47.17 | 35.10 | 234 | 404 |
| Other Assets | 2,582 | 2,687 | 3,134 | 4,760 | 4,070 | 3,714 | 3,186 | 4,130 | 2,816 | 3,020 | 2,944 |
| Inventories | 506 | 570 | 579 | 828 | 698 | 985 | 996 | 975 | 755 | 716 | 533 |
| Trade receivables | 1,410 | 1,340 | 1,747 | 2,621 | 2,048 | 1,511 | 1,140 | 1,110 | 1,162 | 1,284 | 1,139 |
| Cash & equivalents | 56.19 | 65.22 | 26.08 | 16.06 | 105 | 62.28 | 144 | 371 | 276 | 121 | 259 |
| Total Assets | 2,955 | 3,077 | 3,463 | 5,172 | 4,561 | 4,266 | 3,987 | 4,986 | 3,828 | 4,214 | 4,255 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 304 | 435 | −103 | −619 | 623 | 655 | 910 | 447 | 353 | 346 | 617 |
| Cash from investing activity | −53.01 | −90.03 | 35.99 | −103 | −41.02 | −110 | −69.96 | −87.96 | −449 | −195 | −380 |
| Cash from financing activity | −239 | −368 | 63.85 | 712 | −494 | −603 | −770 | −139 | −133 | −146 | −137 |
| Net cash flow | 13.04 | −22.07 | −3.01 | −11.03 | 90.26 | −56.16 | 73.18 | 224 | −228 | 6.02 | 103 |
| Capex | 51.21 | 56.23 | 38.14 | 57.19 | 31.11 | 40.18 | 76.23 | 81.31 | 131 | 54.19 | 87.34 |
| Free cash flow | 255 | 388 | −138 | −677 | 597 | 638 | 870 | 378 | 223 | 318 | 534 |
| CFO / OP % | 137.0% | 198.0% | −17.0% | −143.0% | 327.0% | 221.0% | 383.0% | 126.0% | 137.0% | 114.0% | 455.0% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 112 | 115 | 136 | 144 | 150 | 120 | 86 | 83 | 92 | 97 | 93 |
| Inventory days | 60 | 76 | 68 | 64 | 77 | 120 | 111 | 106 | 85 | 79 | 64 |
| Days payable | 65 | 83 | 99 | 84 | 99 | 116 | 136 | 194 | 205 | 211 | 236 |
| Cash conversion cycle | 106 | 107 | 104 | 123 | 127 | 124 | 60 | −6 | −30 | −35 | −79 |
| Working capital days | 2 | −4 | 16 | 9 | 17 | 29 | 24 | 39 | 12 | 35 | −20 |
| ROCE % | — | 14.9% | 18.9% | 17.0% | 7.0% | 12.0% | 12.0% | 18.0% | 13.0% | 12.0% | 3.0% |
For the Sep 2026 quarter, Bajaj Electricals reported sales of ₹1,121 Cr, up 1.4% year on year and net profit of ₹26.04 Cr, up 160.1% year on year. The operating margin was 6.0%.
Bajaj Electricals' sales for the year to Mar 2026 were ₹4,456 Cr; over the last twelve months they were ₹4,498 Cr.
Net profit for the year to Mar 2026 was −₹91.24 Cr, and −₹28.10 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−2.36.
Bajaj Electricals reported borrowings of ₹159 Cr at Mar 2026, against cash and equivalents of ₹259 Cr.
Cash from operations was ₹617 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹534 Cr.