I-Sec maintains Hold on Bajaj Electricals, lowers target price to Rs 760
hold call on Bajaj Electricals Ltd. with a target price of Rs 760 (earlier Rs 900). The current market price of Bajaj Electricals Ltd. is Rs 720.05. Bajaj Electricals, incorporated in 1938, is a Mid Cap company with a market cap of Rs 8285.64 crore, operating in the Consumer Durables sector.
Bajaj Electricals' key products/revenue segments include Consumer Durables, Contract Revenue, Scrap and Other Operating Revenue for the year ending 31-Mar-2024.
Financials For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 1302.51 crore, up 14.91% from last quarter Total Income of Rs 1133.52 crore and up 2.48% from last year same quarter Total Income of Rs 1270.97 crore. The company has reported net profit after tax of Rs 33.36 crore in the latest quarter.
The company's top management includes Mr.Shekhar Bajaj, Ms.Swati Salgaocar, Mr.Saurabh Kumar, Mr.Sudarshan Sampathkumar, Mr.Shailesh Haribhakti, Mr.Madhur Bajaj, Mr.Rajiv Bajaj, Mrs.Pooja Bajaj, Mr.Anuj Poddar, Mr.Vikram Hosangady. Company has S R B C & Co. LLP as its auditors. As on 31-12-2024, the company has a total of 12 Crore shares outstanding.
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