Bajaj Electricals Limited, a prominent Indian company, operates across diverse sectors, including consumer products like appliances, fans, and lighting, as well as exports, luminaires, and EPC (Engineering, Procurement, and Construction) projects. Founded in 1938 by Shri Jamnalal Bajaj, it is a part of the prestigious $100 billion Bajaj Group, one of India’s largest conglomerates. The company has built a solid reputation over the years, known for its trust, transparency, and commitment to delivering innovative, technologically advanced, and aesthetically appealing products to its consumers.
Recently, Bajaj Electricals made a strategic move by demerging its power transmission and distribution business, creating Bajel Projects Limited. This allows the company to sharpen its focus on its core sectors of consumer appliances and lighting solutions, catering to both professional and domestic markets. With its strong legacy and modern approach, Bajaj Electricals continues to be a leading player in India’s electrical and consumer goods landscape, expanding its offerings to meet evolving consumer demands.
Recent News on Bajaj Electricals Limited
Bajaj Electricals Limited is undergoing significant strategic changes, including a major revamp of its consumer products business over the next two to three years with new product launches and brand consolidation focused on core brands like Bajaj, Morphy Richards, and Nirlep. Additionally, the company’s Managing Director and CEO, Anuj Poddar, has announced his resignation, effective September 30, 2024, marking a key leadership change. Furthermore, Bajaj Electricals has demerged its power transmission and distribution business into a separate entity, Bajel Projects Limited, to streamline operations and focus on its core consumer and lighting sectors.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 62.85% | 62.85% | 62.85% | 62.80% | 62.78% |
| FIIs + | 10.92% | 10.49% | 10.41% | 10.18% | 7.93% |
| DIIs + | 11.96% | 12.06% | 12.11% | 12.61% | 14.75% |
| Public + | 14.26% | 14.60% | 14.62% | 14.41% | 14.53% |
| No. of Shareholders | 60,389 | 63,101 | 65,600 | 63,094 | 59,460 |
The shareholding pattern of the company from June 2023 to June 2024 shows a stable and well-distributed ownership structure. Promoters maintained a majority stake, with their holding slightly decreasing from 62.85% in June 2023 to 62.78% by June 2024. Foreign Institutional Investors (FIIs) saw a gradual decline in their stake, dropping from 10.92% in June 2023 to 7.93% in June 2024. On the other hand, Domestic Institutional Investors (DIIs) increased their shareholding from 11.96% in June 2023 to 14.75% in June 2024, reflecting growing confidence from domestic investors. The public shareholding remained fairly stable, fluctuating around 14%, while the number of shareholders peaked at 65,600 in December 2023 before decreasing to 59,460 by June 2024.
Below are the trading platforms that you can use to purchase Bajaj Electricals shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| October 2024 | 1,031.95 | 897.35 |
| November 2024 | 1,073.23 | 933.25 |
| December 2024 | 1,083.96 | 942.58 |
As we approach October 2024, Bajaj Electricals is expected to reach a maximum price of ₹1,031.95 and a minimum price of ₹897.35. Moving forward, as we step into November 2024, Bajaj Electricals is projected to see a maximum price of ₹1,073.23 and a minimum price of ₹933.25. Finally, as we conclude the year in December 2024, Bajaj Electricals is anticipated to touch a maximum price of ₹1,083.96, with the minimum price hovering around ₹942.58.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,094.80 | 842.16 |
| February 2025 | 1,105.86 | 850.66 |
| March 2025 | 1,129.09 | 868.53 |
| April 2025 | 1,117.91 | 859.93 |
| May 2025 | 1,085.35 | 834.88 |
| June 2025 | 1,134.19 | 872.45 |
| July 2025 | 1,111.95 | 855.34 |
| August 2025 | 1,146.34 | 881.80 |
| September 2025 | 1,160.09 | 892.38 |
| October 2025 | 1,190.26 | 915.58 |
| November 2025 | 1,220.01 | 938.47 |
| December 2025 | 1,274.91 | 980.70 |
As we move into 2025, Bajaj Electricals is expected to see steady growth. In January, prices may range between ₹1,094.80 and ₹842.16, while by December, the maximum could reach ₹1,274.91 with a minimum of ₹980.70.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,313.16 | 1,010.12 |
| February 2026 | 1,280.33 | 984.87 |
| March 2026 | 1,305.94 | 1,004.57 |
| April 2026 | 1,332.59 | 1,025.07 |
| May 2026 | 1,319.40 | 1,014.92 |
| June 2026 | 1,352.38 | 1,040.29 |
| July 2026 | 1,325.86 | 1,019.90 |
| August 2026 | 1,366.87 | 1,051.44 |
| September 2026 | 1,394.21 | 1,072.47 |
| October 2026 | 1,430.46 | 1,100.35 |
| November 2026 | 1,466.22 | 1,127.86 |
| December 2026 | 1,502.87 | 1,156.06 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,517.90 | 1,167.62 |
| February 2027 | 1,556.82 | 1,197.56 |
| March 2027 | 1,617.54 | 1,244.26 |
| April 2027 | 1,585.82 | 1,219.86 |
| May 2027 | 1,539.63 | 1,184.33 |
| June 2027 | 1,608.92 | 1,237.63 |
| July 2027 | 1,577.37 | 1,213.36 |
| August 2027 | 1,626.15 | 1,250.89 |
| September 2027 | 1,683.07 | 1,294.67 |
| October 2027 | 1,726.83 | 1,328.33 |
| November 2027 | 1,770.00 | 1,361.54 |
| December 2027 | 1,814.25 | 1,395.58 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,850.54 | 1,423.49 |
| February 2028 | 1,897.99 | 1,459.99 |
| March 2028 | 1,972.01 | 1,516.93 |
| April 2028 | 1,933.34 | 1,487.18 |
| May 2028 | 1,877.03 | 1,443.87 |
| June 2028 | 1,961.50 | 1,508.84 |
| July 2028 | 1,923.03 | 1,479.26 |
| August 2028 | 1,982.51 | 1,525.01 |
| September 2028 | 2,051.90 | 1,578.38 |
| October 2028 | 2,105.25 | 1,619.42 |
| November 2028 | 2,157.88 | 1,659.91 |
| December 2028 | 2,211.83 | 1,701.40 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,256.06 | 1,735.43 |
| February 2029 | 2,313.91 | 1,779.93 |
| March 2029 | 2,404.15 | 1,849.35 |
| April 2029 | 2,357.01 | 1,813.09 |
| May 2029 | 2,288.36 | 1,760.28 |
| June 2029 | 2,391.34 | 1,839.49 |
| July 2029 | 2,344.45 | 1,803.42 |
| August 2029 | 2,416.96 | 1,859.20 |
| September 2029 | 2,501.55 | 1,924.27 |
| October 2029 | 2,566.59 | 1,974.30 |
| November 2029 | 2,630.76 | 2,023.66 |
| December 2029 | 2,696.52 | 2,074.25 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,750.46 | 2,115.73 |
| February 2030 | 2,820.98 | 2,169.98 |
| March 2030 | 2,931.00 | 2,254.61 |
| April 2030 | 2,873.53 | 2,210.41 |
| May 2030 | 2,789.83 | 2,146.02 |
| June 2030 | 2,915.37 | 2,242.60 |
| July 2030 | 2,858.21 | 2,198.62 |
| August 2030 | 2,946.61 | 2,266.62 |
| September 2030 | 3,049.74 | 2,345.95 |
| October 2030 | 3,129.03 | 2,406.95 |
| November 2030 | 3,207.26 | 2,467.12 |
| December 2030 | 3,287.44 | 2,528.80 |
In 2030, Bajaj Electricals’ stock is projected to experience significant growth. In January, the maximum price may reach ₹2,750.46, with a minimum of ₹2,115.73. By December, the stock could hit a peak of ₹3,287.44 and a low of ₹2,528.80.
Financial Condition of Bajaj Electricals Limited: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 4,975 | 4,572 | 4,786 | 4,889 | 4,639 | 4,684 |
| Expenses + | 4,768 | 4,271 | 4,535 | 4,515 | 4,379 | 4,424 |
| Operating Profit | 207 | 302 | 251 | 375 | 260 | 259 |
| OPM % | 4% | 7% | 5% | 8% | 6% | 6% |
| Other Income + | 53 | 84 | 59 | 46 | 82 | 85 |
| Interest | 169 | 76 | 69 | 44 | 63 | 68 |
| Depreciation | 68 | 69 | 63 | 74 | 110 | 117 |
| Profit before tax | 22 | 241 | 179 | 303 | 169 | 159 |
| Tax % | 101% | 24% | 23% | 29% | 22% | |
| Net Profit + | 0 | 184 | 137 | 216 | 132 | 128 |
| EPS in Rs | -0.01 | 16.04 | 11.91 | 18.8 | 11.44 | 11.14 |
| Dividend Payout % | 0% | 0% | 25% | 21% | 26% |
The financial performance of the company over the period from March 2020 to March 2024 showcases moderate growth and fluctuations across key metrics. Sales remained relatively steady, starting at ₹4,975 crore in March 2020 and tapering slightly to ₹4,639 crore by March 2024. Despite the minor decline in sales, the company’s operating profit experienced variations, rising from ₹207 crore in March 2020 to a peak of ₹375 crore in March 2023, before dropping to ₹260 crore by March 2024. This trend reflects shifts in the Operating Profit Margin (OPM), which improved from 4% in 2020 to 8% in 2023, before settling at 6% in 2024.
Other income contributed to the company’s earnings, fluctuating from ₹53 crore in 2020 to ₹82 crore in 2024. Interest expenses consistently decreased from ₹169 crore in 2020 to ₹63 crore in 2024, reflecting better financial management. Depreciation rose, indicating possible capital investments, with an increase from ₹68 crore in 2020 to ₹110 crore in 2024.
The company’s profit before tax saw a marked improvement from ₹22 crore in 2020 to ₹303 crore in 2023, before declining to ₹169 crore in 2024. Despite the fluctuations in profit, the tax rate remained stable, except for an abnormally high tax percentage in 2020. Net profit followed a similar trajectory, peaking at ₹216 crore in March 2023 before falling to ₹132 crore in March 2024. Correspondingly, the Earnings Per Share (EPS) decreased from ₹18.8 in 2023 to ₹11.44 in 2024, and the dividend payout percentage hovered around 25%, indicating consistent returns to shareholders.
FAQS
As of September 28th, 2024, the share price of Bajaj Electricals is around INR ₹981.
Based on various market analyses and expert opinions, the expected share price target of Bajaj Electricals by 2024 is around INR 1,083.96.
It is unlikely for the share price of Bajaj Electricals to reach INR 2000 by 2025. Such a target would require a massive and unrealistic growth rate.
As per our analysis, Bajaj Electricals in 2025 is expected to trade between ₹834.88 to ₹1,274.91.
As per our analysis, Bajaj Electricals share price target for 2030 would be somewhere between ₹2,115.73 to ₹3,287.44.
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Conclusion
Bajaj Electricals Limited, founded in 1938 by Shri Jamnalal Bajaj, is a key player in India’s consumer products sector, focusing on appliances, fans, and lighting, as well as engineering, procurement, and construction (EPC) projects. Recently, the company underwent significant strategic changes, including the demerger of its power transmission and distribution business into a new entity, Bajel Projects Limited, allowing it to concentrate on its core sectors. With a strong legacy, Bajaj Electricals is revamping its consumer products business over the next two to three years, aiming for innovative product launches under established brands like Bajaj, Morphy Richards, and Nirlep. The shareholding pattern reflects a stable structure, with promoters holding approximately 62.78% of shares by June 2024, while domestic institutional investors (DIIs) increased their stake to 14.75%. Financially, Bajaj Electricals has shown moderate growth, with sales fluctuating around ₹4,639 crore in March 2024 and operating profit peaking at ₹375 crore in March 2023. The stock price projections indicate strong growth potential, with maximum prices expected to reach ₹3,287.44 by December 2030, reflecting confidence in the company’s ongoing transformation and market position.
Having said that, we are not a financial advisor. Please consult a SEBI-registered financial advisor before trading Bajaj Electricals. This post on Bajaj Electricals share price target from 2024 to 2030 is for educational purposes only.
What did we learn?
- 1 Recent News on Bajaj Electricals Limited
- 2 Shareholding Patterns of Bajaj Electricals Ltd
- 3 How to Purchase Bajaj Electricals Shares in India?
- 4 Bajaj Electricals Share Price Target 2024, 2025 to 2030
- 4.1 Bajaj Electricals Share Price Target 2024
- 4.2 Bajaj Electricals Share Price Prediction 2025
- 4.3 Bajaj Electricals Share Price Target 2026
- 4.4 Bajaj Electricals Share Price Target 2027
- 4.5 Bajaj Electricals Share Price Target 2028
- 4.6 Bajaj Electricals Share Price Prediction 2029
- 4.7 Bajaj Electricals Share Price Target 2030
- 5 Financial Condition of Bajaj Electricals Limited: Last 5 Years
- 6 FAQS
- 6.1 What is the current share price of Bajaj Electricals?
- 6.2 What is the expected share price target of Bajaj Electricals by 2024?
- 6.3 Can Bajaj Electricals share price reach INR 2000 by 2025?
- 6.4 What is Bajaj Electricals share price target for 2025?
- 6.5 What is Bajaj Electricals share price target for 2030?
- 7 Conclusion
