Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 13772.07 Crore) operating in Consumer Durables sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 865.37 Crore, down -32.88 % from last quarter Total Income of Rs 1289.20 Crore and up 40.63 % from last year same quarter Total Income of Rs 615.34 Crore. Company reported net profit after tax of Rs -24.97 Crore in latest quarter.
Investment Rationale
Ltd (BEL) is leading Indian consumer products company engaged in designing, manufacturing and marketing of consumer products(appliances, fans, lighting).BEL is also engaged in EPC business with a focus on power transmission, power distribution and illumination. BEL has leadership position in kitchen appliance segment. We believe strong demand outlook of consumer products and focus on debt reduction (gross debt reduced by 60% in FY21) will lead to an improved RoE and RoCE for BEL, going forward. Going forward, the brokerage expects healthy profitability on back of strong brand with leadership position in kitchen appliances, wide distribution network & strengthen product portfolio.
Promoter/FII Holdings
Promoters held 63.17 per cent stake in the company as of March 31, 2020, while FIIs held 7.96 per cent, DIIs 12.46 per cent and public & others 16.41 per cent.
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