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Bajaj Electricals Ltd
NSE:BAJAJELEC

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Bajaj Electricals Ltd
NSE:BAJAJELEC
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Price: 389.55 INR -1% Market Closed
Market Cap: ₹45B

EV/EBITDA

20.8
Current
42%
Cheaper
vs 3-y average of 35.7

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
20.8
=
Enterprise Value
₹39.6B
/
EBITDA
₹2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
20.8
=
Enterprise Value
₹39.6B
/
EBITDA
₹2B

Valuation Scenarios

Bajaj Electricals Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (35.7), the stock would be worth ₹669.66 (72% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-15%
Maximum Upside
+85%
Average Upside
38%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 20.8 ₹389.55
0%
3-Year Average 35.7 ₹669.66
+72%
5-Year Average 38.4 ₹721.12
+85%
Industry Average 22.9 ₹430.55
+11%
Country Average 17.7 ₹331.31
-15%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹39.6B
/
Jan 2026
₹2B
=
20.8
Current
₹39.6B
/
Mar 2026
₹2.5B
=
16
Forward
₹39.6B
/
Mar 2027
₹3.7B
=
10.7
Forward
₹39.6B
/
Mar 2028
₹4.4B
=
9
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close

Market Distribution

In line with most companies in India
Percentile
57th
Based on 2 785 companies
57th percentile
20.8
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Bajaj Electricals Ltd
Glance View

Bajaj Electricals Ltd., a stalwart in the Indian business landscape, traces its roots back to the respected Bajaj Group, a conglomerate synonymous with quality and innovation. From its humble beginnings, the company has evolved into a powerhouse within the electrical manufacturing and engineering sectors. Bajaj Electricals is primarily engaged in the manufacture and sale of consumer products like fans, lighting, and appliances, while also operating a robust engineering, procurement, and construction (EPC) segment. The consumer products division forms the bedrock of its operations, fueling its market presence through a diverse portfolio catering to a wide array of household needs. The company has successfully tapped into the aspirations of the burgeoning middle class, focusing on affordability without compromising on quality—a strategy that has cemented its brand loyalty across the nation. Simultaneously, Bajaj Electricals has carved out a substantial niche in the EPC sector, handling intricate projects spanning transmission lines, power distribution, and illumination engineering. This expansion into EPC projects has offered a lucrative revenue stream, allowing Bajaj Electricals to balance its consumer-driven cash flows with the longer-term, big-ticket earnings from project completions. The diversified business model ensures a steady inflow of revenue and reduces susceptibility to market volatility. Leveraging its expansive distribution network and a keen eye on technological advancements, the company stands as a testament to adaptability, weaving innovation with reliability, as it continues to illuminate homes and power infrastructure across India.

BAJAJELEC Intrinsic Value
630.5 INR
Undervaluation 38%
Intrinsic Value
Price ₹389.55
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