A serious look at the company financials, income potential & vision.
Featured Company
NEXT: IndusInd Bank
 |
Bajaj Electricals
Domestic Appliances
Price
172.35
 -4.8 Market Cap (Rs Cr)
1719.28
|
NEXT: Thermax
 |
IndusInd Bank
Banks - Private Sector
Price
496.35
-6.2 Market Cap (Rs Cr)
25965.65
|
NEXT: Godrej Consumer Products
 |
Thermax
Infrastructure - General
Price
583.25
-15.85 Market Cap (Rs Cr)
6949.79
|
NEXT: Union Bank of India
 |
Godrej Consumer Products
Personal Care
Price
846.50
-3.75 Market Cap (Rs Cr)
28808.67
|
NEXT:
 |
Union Bank of India
Banks - Public Sector
Price
235.10
-6.3 Market Cap (Rs Cr)
14030.63
|
 |
Price
 Market Cap (Rs Cr)
|
Inside: Bajaj Electric
About The Company
Bajaj Electricals was incorporated as Radio Lamp Works Limited as a public company limited by shares, pursuant to a certificate of incorporation dated July 14, 1938.
What The Company Does
Bajaj Electricals was incorporated as Radio Lamp Works Limited as a public company limited by shares, pursuant to a certificate of incorporation dated July 14, 1938.
Luminaires
Engineering & Projects
Fans
Appliances
Lighting
Achievements / Milestones
Fans Awards 2009
Cannes 2009
Asia Award for Brand Leadership
Asia Award for Best Loyalty Program
Year Of Incorporation
1938
Board of Directors
Shekhar Bajaj
Chairman & Managing Director
Anant Bajaj
Joint Managing Director
Harsh Vardhan Goenka
Director
Ashok Jalan
Director
Ajit Gulabchand
Director
V B Haribhakti
Director
Madhur Bajaj
Director
Indu Shahani
Director
R P Singh
Director
Interview: Inside Companies: Bajaj Electricals eyes retail expansion
Nachiket Kelkar
moneycontrol.com
Recently, competition has increased in the home appliances market in India and Bajaj Electricals doesn't want to be left behind. It is launching a whole range of products across various price points and may even look at exclusive brand for rural markets in the future in its bid to consolidate its position as market leader. It will also look at innovative products to grow its lighting business.
The company has a capital expenditure plan of around Rs 25 crore per year, which will be used across the business.
The company is expanding its lighting business with a big thrust on LED rechargeable lanterns, LED solar lanterns, and LED torches especially targeted at electricity starved rural areas. It is also adding new products in the appliances space, like induction cookers, pressure cookers, gas stoves and chimneys, which it feels will drive growth going ahead.
Bajaj Electricals has also become quite aggressive in newer segments like water purifiers. This is a segment dominated by established players like Eureka Forbes, Hindustan Unilever and Kent. So will a new entrant like Bajaj Electricals find takers? R Ramakrishnan, executive director, Bajaj Electricals is unfazed.
"The market is so large. I really don't have to beat any existing incumbent. Our task is to expand the read more
Compare Bajaj Electric With Peers
Expert Views & Broker Reports
In The News
Key Stats
Market Cap
(Rs Cr.):
(Rs Cr.):
1719.28
EPS-TTM(Rs):
9.98
P/E Ratio(x):
17.27
Face Value (Rs):
2.00
Latest Div(%):
140.00%
Div.Yield(%)
1.62
Book Value/sh.(Rs):
69.28
P/C:
15.33
Key Financials
Dec '12
Sep '12
Sales Turnover
873.03
733.81
Total Income
875.72
737.41
Total Expenses
837.11
709.47
Operating Profit
35.92
24.34
Gross Profit
38.61
27.94
Net Profit
11.68
26.92
Dividend (%)
--
--
Earnings Per Share
1.17
2.70
Ratios
| Mar '12 | Mar '11 |
Investment Valuation Ratios
| Face Value | 2.00 | 2.00 |
| Dividend Per Share | 2.80 | 2.80 |
| Operating Profit Per Share (Rs) | 23.97 | 25.84 |
| Net Operating Profit Per Share (Rs) | 311.01 | 277.09 |
| Free Reserves Per Share (Rs) | 67.21 | 58.76 |
| Bonus in Equity Capital | 55.41 | 55.86 |
Profitability Ratios
| Operating Profit Margin(%) | 7.70 | 9.32 |
| Profit Before Interest And Tax Margin(%) | 7.27 | 8.89 |
| Gross Profit Margin(%) | 7.30 | 8.93 |
| Cash Profit Margin(%) | 4.17 | 5.69 |
| Adjusted Cash Margin(%) | 4.17 | 5.69 |
| Net Profit Margin(%) | 3.78 | 5.26 |
| Adjusted Net Profit Margin(%) | 3.78 | 5.26 |
| Return On Capital Employed(%) | 27.07 | 35.85 |
| Return On Net Worth(%) | 17.05 | 24.06 |
| Adjusted Return on Net Worth(%) | 16.98 | 24.24 |
| Return on Assets Excluding Revaluations | 69.35 | 60.90 |
| Return on Assets Including Revaluations | 70.24 | 61.82 |
| Return on Long Term Funds(%) | 32.50 | 39.51 |
Liquidity And Solvency Ratios
| Current Ratio | 1.26 | 1.33 |
| Quick Ratio | 1.20 | 1.18 |
| Debt Equity Ratio | 0.27 | 0.19 |
| Long Term Debt Equity Ratio | 0.06 | 0.08 |
Debt Coverage Ratios
| Interest Cover | 3.92 | 7.10 |
| Total Debt to Owners Fund | 0.27 | 0.19 |
| Financial Charges Coverage Ratio | 4.02 | 7.12 |
| Financial Charges Coverage Ratio Post Tax | 3.09 | 5.13 |
Management Efficiency Ratios
| Inventory Turnover Ratio | 8.84 | 9.43 |
| Debtors Turnover Ratio | 2.85 | 3.02 |
| Investments Turnover Ratio | 8.84 | 9.43 |
| Fixed Assets Turnover Ratio | 11.46 | 11.99 |
| Total Assets Turnover Ratio | 3.53 | 3.82 |
| Asset Turnover Ratio | 3.84 | 11.99 |
| Average Raw Material Holding | 51.69 | 64.44 |
| Average Finished Goods Held | 37.25 | 35.11 |
| Number of Days In Working Capital | 68.42 | 65.43 |
Profit & Loss Account Ratios
| Material Cost Composition | 77.50 | 79.28 |
| Imported Composition of Raw Materials Consumed | 4.77 | 3.81 |
| Selling Distribution Cost Composition | 5.84 | 5.34 |
| Expenses as Composition of Total Sales | 0.07 | 0.11 |
Cash Flow Indicator Ratios
| Dividend Payout Ratio Net Profit | 27.70 | 22.32 |
| Dividend Payout Ratio Cash Profit | 25.04 | 20.77 |
| Earning Retention Ratio | 72.18 | 77.85 |
| Cash Earning Retention Ratio | 74.86 | 79.37 |
| AdjustedCash Flow Times | 1.44 | 0.74 |
Balance Sheet
| Mar '12 | Mar '11 |
| 12 mths | 12 mths |
Sources Of Funds
| Total Share Capital | 19.93 | 19.77 |
| Equity Share Capital | 19.93 | 19.77 |
| Share Application Money | 0.00 | 0.02 |
| Preference Share Capital | 0.00 | 0.00 |
| Reserves | 671.11 | 582.24 |
| Revaluation Reserves | 8.82 | 9.08 |
| Networth | 699.86 | 611.11 |
| Secured Loans | 76.66 | 48.26 |
| Unsecured Loans | 110.50 | 68.21 |
| Total Debt | 187.16 | 116.47 |
| Total Liabilities | 887.02 | 727.58 |
| Mar '12 | Mar '11 |
| 12 mths | 12 mths |
Application Of Funds
| Gross Block | 270.32 | 230.16 |
| Less: Accum. Depreciation | 86.29 | 76.88 |
| Net Block | 184.03 | 153.28 |
| Capital Work in Progress | 69.96 | 39.94 |
| Investments | 44.06 | 36.58 |
| Inventories | 355.24 | 294.64 |
| Sundry Debtors | 1,108.11 | 1,065.37 |
| Cash and Bank Balance | 52.00 | 45.40 |
| Total Current Assets | 1,515.35 | 1,405.41 |
| Loans and Advances | 149.93 | 140.91 |
| Fixed Deposits | 1.75 | 2.73 |
| Total CA, Loans & Advances | 1,667.03 | 1,549.05 |
| Deffered Credit | 0.00 | 0.00 |
| Current Liabilities | 998.31 | 978.20 |
| Provisions | 79.75 | 73.07 |
| Total CL & Provisions | 1,078.06 | 1,051.27 |
| Net Current Assets | 588.97 | 497.78 |
| Miscellaneous Expenses | 0.00 | 0.00 |
| Total Assets | 887.02 | 727.58 |
| Contingent Liabilities | 32.71 | 62.05 |
| Book Value (Rs) | 69.35 | 60.90 |
Cash Flows
| Mar '12 | Mar '11 |
| 12 mths | 12 mths |
| Net Profit Before Tax | 175.95 | 218.85 |
| Net Cash From Operating Activities | 90.12 | 102.51 |
| Net Cash (used in)/from Investing Activities |
-67.48 | -20.72 |
| Net Cash (used in)/from Financing Activities | -16.90 | -94.90 |
| Net (decrease)/increase In Cash and Cash Equivalents | 5.75 | -13.11 |
| Opening Cash & Cash Equivalents | 46.11 | 61.24 |
| Closing Cash & Cash Equivalents | 51.86 | 48.13 |
Other Companies on:
Know about his style of work, vision that he holds for the future, mission that drives him to achieve excellence and examples that he wants to set for the GenX
Vision without action is a dream. Action without vision is simply passing the time. Action with Vision is making a positive difference. Find out how these companies are making a positive difference with their efforts, initiatives and actions.
Catch CEO in Spotlight off- guard as we throw a volley of questions and get some spur of the moment replies. He will not be given any time to think…