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BAJAJELEC Share Price Target

Bajaj Electricals Ltd.
Sector: Consumer Durables
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BAJAJELEC Share Price *
400.15 +24.05 (6.39%)
* (quote may be delayed)
BAJAJELEC Share Price Forecast - Consensus
No. of reports in last year
8
No. of analysts
4
Average Consensus Forecast
528.00
Consensus Potential
26.18%

BAJAJELEC Share Price Target - Broker Reports - 2019

ICICIdirect.com
9-Aug-19
Price @ Call: 375.94
Target: 320
REDUCE
Though we are positive on BEL’s CD business (with revenue CAGR of ~19% in FY19-21E) led by expansion in dealer network, lumpiness of EPC business would dent overall profitability of BEL with high debt level. We believe the poor performance of the EPC business and higher interest cost would overshadow the profitability of CD business. On an SOTP basis, we cut our multiples owing to flattish growth for the company and value BEL’s CDsegment at MCap of 1.1x FY21E sales (~55% discount to peers) and E&P segment at 4x FY21E EV/EBITDA. We revise our rating downward from HOLD to REDUCE with a target price of | 320/share.
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Karvy Stock Broking
29-May-19
Price @ Call: 547
Target: 589
HOLD
We expect the durable segment to post a growth of 20-25% on the back of strong volume pick up from Tier II and Tier III cities. We maintain our revenue estimates but tone down the margins as impacted by EPC segment UP orders which wouldpartially be offset by marginal increase in consumer segment margins. We revisedown the rating to “HOLD” and value the company at 24x for FY21E and arrive at a target price of Rs. 589 giving an upside of 8%.
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Kotak Securities
27-May-19
Price @ Call: 548.5
Target: 530
SELL
We tweak our FY20 earnings estimate downwards to factor in margin pressure in T&D business. We arrive at a SOTP based revised target price of Rs 530 (Rs 550 earlier); move recommendation to ‘SELL’ from ‘ACCUMULATE’ earlier on company’s stock.
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Nirmal Bang
24-May-19
Price @ Call: 556.69
Target: 605
ACCUMULATE
We expect BJE to post 21% adjusted earnings CAGR over FY19-FY21E led by margin expansion and a favorable revenue mix. The SOTP-based target price of Rs605 is based on a P/E of 30x FY21E EPS to consumer product segment (15% discount to peers) and 10x to E&P segment.
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Kotak Securities
20-Mar-19
Price @ Call: 519.2
Target: 550
ADD

Karvy Stock Broking
19-Feb-19
Price @ Call: 430.85
Target: 540
BUY

Nirmal Bang
11-Feb-19
Price @ Call: 487.4
Target: 545
ACCUMULATE

BAJAJELEC Share Price Target - Broker Reports - 2018

Kotak Securities
3-Oct-18
Price @ Call: 500.87
Target: 545
ACCUMULATE

Kotak Securities
10-Aug-18
Price @ Call: 624.5
Target: 545
SELL

ICICIdirect.com
10-Aug-18
Price @ Call: 614
Target: 650
HOLD

Edelweiss
25-Jun-18
Price @ Call: 540.72
Target: 555
HOLD

ICICIdirect.com
12-Apr-18
Price @ Call: 622.3
Target: 720
BUY

BAJAJELEC Share Price Target - Broker Reports - 2017

ICICIdirect.com
26-Dec-17
Price @ Call: 475.55
Target: 575
BUY

Kotak Securities
10-Nov-17
Price @ Call: 384.15
Target: 335
SELL

Kotak Securities
27-Sep-17
Price @ Call: 356
Target: 385
ACCUMULATE

Nirmal Bang
30-Aug-17
Price @ Call: 337.05
Target: 400
BUY

Nirmal Bang
4-Aug-17
Price @ Call: 328.1
Target: 400
BUY

ICICIdirect.com
30-May-17
Price @ Call: 343
Target: 380
BUY

ICICIdirect.com
10-Feb-17
Price @ Call: 270
Target: 280
HOLD

BAJAJELEC Share Price Target - Broker Reports - 2016

Angel Broking
30-Sep-16
Price @ Call: 254.9
Target: 306
BUY

Edelweiss
22-Aug-16
Price @ Call: 262
Target: 275
HOLD

Angel Broking
8-Jun-16
Price @ Call: 228.33
Target: 268
BUY

  • BAJAJELEC - Share Price Target Potential

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    BrokerageTargetPotential
    ICICIdirect.com320-17.53%
    Karvy Stock Broking58936.15%
    Kotak Securities53029.04%
    Nirmal Bang60537.83%