Bajaj Electricals Ltd. Share Price

Polycab’s ₹8,000 Cr Bet to Defend Leadership

Aditya Birla Group has launched UltraVolt with a ₹1,800 crore investment, entering India’s ₹1‑trillion wires and cables market. The move triggered a sharp decline in incumbents’ share prices, with

down 7% and rivals like Havells, RR Kabel, and KEI losing 5–20%. Polycab’s defensive stance: Shashi Amin, Polycab’s CEO of B2B channel & corporate communication, vowed to go “all out” to defend its 30% market share. He emphasized that building scale in cables is far harder than in wires, requiring government approvals and long‑term relationships. Market dynamics: India’s wires and cables market is projected to grow to ₹1.5 trillion by 2030, driven by power grid expansion and real estate demand. Amin believes this growth will accommodate new entrants, though near‑term oversupply could pressure margins. Competitive landscape: UltraVolt aims to become a top‑two player within five years, leveraging Hindalco’s copper and aluminium production. Analysts warn of potential price wars, citing Birla’s earlier aggressive entry into paints with Birla Opus. Other challengers include Diamond Power (backed by Adani), Bajaj Electricals, and Crompton. Polycab’s expansion plan: The company has committed ₹8,000 crore in capex over four years, far exceeding Birla’s initial spend. It targets doubling its 2025 base by 2030, with growth opportunities in data centres, where each megawatt requires about ₹3.5 crore worth of wires and cables. Margin pressure concerns: Analysts caution that UltraVolt’s brand strength and pricing strategy could erode incumbents’ pricing power. Polycab, however, remains confident in its ability to sustain leadership through scale, execution, and diversified demand drivers.

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Bajaj Electricals Declares ₹3 Final Dividend for FY26

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has announced a final dividend of ₹3.00 per equity share for FY2025-26. Shareholders eligible for concessional or nil TDS are required to submit the necessary tax documents by July 17, 2026, to ensure the appropriate tax deduction on the dividend payout.

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### Corporate News | 8th June 2026 **

:** The company remains in focus following the expansion of its electric bus fleet, reinforcing its strategic commitment toward sustainable and green urban mobility solutions. **!Heromotoco :** The stock is being closely monitored as the company begins the rollout of its new range of flex-fuel motorcycles, aligning with the industry’s transition toward cleaner and alternative energy mobility solutions. **Mitsu Chem Plast:** The company has announced plans to expand manufacturing capacity at its Khalapur facility through an investment of approximately ₹3.5 crore in additional machinery to cater to rising demand. **!Bajajelec :** The company has officially entered the cables segment, further diversifying its product portfolio beyond the lighting solutions business and strengthening its presence in the electricals market. **Consecutive Commodities & Ravindra Energy:** Both companies have fixed 8th June 2026 as the Ex-Date for their respective Rights Issues of equity shares. **Unified Data Tech Solutions:** Today marks the Ex-Date for the company’s interim dividend of ₹5.5 per share, making the stock eligible for dividend adjustment trading.

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Bajaj Electricals Faces GST Demand in Appeal Order

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has received an adverse appellate order upholding a GST demand of ₹16.42 lakh, including a penalty of ₹1.49 lakh, related to excess input tax credit (ITC) claimed for FY2019–20.

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Q4FY26 & FY26 Result Announced for Bajaj Electricals Ltd.

Q4FY26 & FY26 Result Announced for Bajaj Electricals Ltd.-

Household Appliances company Bajaj Electricals announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from Operations: Stood at Rs 1,23,952 lakh in Q4FY26, up 17.95% QoQ from Rs 1,05,091 lakh in Q3FY26, but down 2.05% YoY from Rs 1,26,547 lakh in Q4FY25. For FY26, it was Rs 4,46,216 lakh, registering a decline of 7.59% compared to Rs 4,82,843 lakh in FY25. Total Income: Reported at Rs 1,24,895 lakh in Q4FY26, reflecting a growth of 17.22% QoQ against Rs 1,06,550 lakh in Q3FY26, and a decline of 2.55% YoY compared to Rs 1,28,165 lakh in Q4FY25. For FY26, Total Income was Rs 4,52,434 lakh, down 7.35% YoY from Rs 4,88,321 lakh in FY25. Profit Before Tax (PBT): The company reported a loss of Rs (5,194) lakh in Q4FY26 compared to a loss of Rs (5,406) lakh in Q3FY26 and a profit of Rs 7,125 lakh in Q4FY25. For FY26, PBT was a loss of Rs (8,898) lakh against a profit of Rs 16,968 lakh in FY25. Net Profit/Loss After Tax (PAT): Posted a net loss of Rs (6,753) lakh in Q4FY26, compared to a net loss of Rs (3,410) lakh in Q3FY26 and a net profit of Rs 5,905 lakh in Q4FY25. For the full year FY26, the net loss stood at Rs (9,086) lakh as against a net profit of Rs 13,342 lakh in FY25. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24

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Bajel Projects Fundamentals Overview

Bajel Projects operates in the power transmission and infrastructure EPC segment, focusing on transmission lines, substations, and power distribution projects. The company was demerged from Bajaj Electricals, giving it a more focused engineering and infrastructure business model. Its performance depends heavily on government capex, power sector investments, and project execution efficiency Return ratios are poor. Return on equity and return on capital employed remain in low single digits or negative in some periods, indicating weak capital efficiency and limited value creation for shareholders so far Debt position is manageable but working capital requirements are high. EPC companies typically face delayed payments and large receivables, which can create cash flow pressure even if revenue growth looks strong One positive factor is sector opportunity. India’s focus on renewable energy integration, transmission expansion, and infrastructure spending creates long term demand potential for transmission EPC companies like Bajel Projects However, execution risk is significant. Delays in project completion, rising raw material costs, and lower margin bidding can directly impact profitability. Promoter backing and association with the Bajaj group provide some credibility and market confidence, though the company is still in an early stage as an independent listed entity Valuation appears aggressive considering current fundamentals. The stock trades at high valuation levels despite weak profitability and poor return ratios, meaning investors are pricing in strong future growth and execution improvement Overall, fundamentals are weak to average at present. The company has long term opportunity from India’s power infrastructure expansion, but current profitability, return ratios, and earnings consistency are not strong enough to classify it as a quality long term compounder yet.

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