Bajaj Electricals Q4 Review – Healthy Balance Sheet To Drive Re-Rating: Systematix

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Systematix Research Report

Bajaj Electricals Ltd. reported weak operating performance in Q4 FY22, as its Ebitda and profit after tax declined 13% and 28% YoY, respectively.

Meanwhile, the company has met net cash status ahead of its target. The engineering, procurement and construction segment turned profitable after a long period.

Management expects rural demand to swiftly recover on the back of healthy farm income and margin to improve on price hike (~5% in April 2022), better product mix (launched mid-premium segment fans) and softening input costs.

We like Bajaj Electricals for its strong growth prospects and improving balance sheet, in addition to its proposed corporate restructuring likely unlocking shareholder value and supporting a price-to-earnings rerating closer to peers.

Click on the attachment to read the full report:


This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
honestcolumnist Governmental News Finance News

Source link

Back to top button