BAJAJELEC (Bajaj Electricals Ltd) vs BSE Sensex 30 Comparison

BAJAJELEC

BSE Sensex 30

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BAJAJELEC

BSE Sensex 30

Difference

1Y 3Y 5Y 10Y 15Y 20Y

BAJAJELEC

BSE Sensex 30

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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BSE Sensex 30

BAJAJELEC

000333

600690

000651

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1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Bajaj Electricals Ltd
Glance View

Market Cap

88.9B INR

Industry

Consumer products

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.

View BAJAJELEC Analysis

BAJAJELEC Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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CN		Midea Group Co Ltd SZSE:000333	Select
CN		Haier Smart Home Co Ltd SSE:600690	Select
CN		Gree Electric Appliances Inc of Zhuhai SZSE:000651	Select
US	S	Sharkninja Inc NYSE:SN	Select
US		Whirlpool Corp NYSE:WHR	Select
CN		Zhejiang Supor Co Ltd SZSE:002032	Select
CN		Hisense Home Appliances Group Co Ltd SZSE:000921	Select
CN		Beijing Roborock Technology Co Ltd SSE:688169	Select
CN	H	Hangzhou Greatstar Industrial Co Ltd SZSE:002444	Select
FR		SEB SA PAR:SK	Select

CN		Midea Group Co Ltd SZSE:000333	Add
CN		Haier Smart Home Co Ltd SSE:600690	Add
CN		Gree Electric Appliances Inc of Zhuhai SZSE:000651	Add
US	S	Sharkninja Inc NYSE:SN	Add
US		Whirlpool Corp NYSE:WHR	Add
CN		Zhejiang Supor Co Ltd SZSE:002032	Add
CN		Hisense Home Appliances Group Co Ltd SZSE:000921	Add
CN		Beijing Roborock Technology Co Ltd SSE:688169	Add
CN	H	Hangzhou Greatstar Industrial Co Ltd SZSE:002444	Add
FR		SEB SA PAR:SK	Add

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BAJAJELEC

vs

BSE Sensex 30

Stocks Performance
BAJAJELEC vs BSE Sensex 30

Performance Gap
BAJAJELEC vs BSE Sensex 30

Performance By Year
BAJAJELEC vs BSE Sensex 30

Competitors Performance
Bajaj Electricals Ltd vs Peers

Bajaj Electricals Ltd
Glance View

Company

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BAJAJELEC vs BSE Sensex 30

Stocks Performance BAJAJELEC vs BSE Sensex 30

Performance Gap BAJAJELEC vs BSE Sensex 30

Performance By Year BAJAJELEC vs BSE Sensex 30

Competitors Performance Bajaj Electricals Ltd vs Peers

Bajaj Electricals Ltd Glance View

Company

Help

Tools

Stocks

BAJAJELEC

vs

BSE Sensex 30

Stocks Performance
BAJAJELEC vs BSE Sensex 30

Performance Gap
BAJAJELEC vs BSE Sensex 30

Performance By Year
BAJAJELEC vs BSE Sensex 30

Competitors Performance
Bajaj Electricals Ltd vs Peers

Bajaj Electricals Ltd
Glance View