Bajaj Hindusthan Sugar Ltd

Bajaj Hindusthan Sugar Ltd

₹ 18.9 2.32%
12 Jun - close price
About

Bajaj Hindusthan Sugar Limited (BHSL) was incorporated in 1931 under the name ''The Hindustan Sugar Mills Limited''. The Company is engaged in the manufacture of sugar, alcohol, ethanol, and the generation of power. [1][2]

Key Points

Company Overview [1]
BHSL has 14 sugar factories with an
aggregate sugarcane crushing capacity of 136,000 tonnes crushed per day (TCD). Besides Sugar, BHSL is also a leading manufacturer of ethanol. It has six distilleries with capacity to produce 800 kilo litre per day (KLPD) of industrial alcohol and owns 14 co-generation plants having power generating capacity of 449 MW.

  • Market Cap 4,528 Cr.
  • Current Price 18.9
  • High / Low 29.6 / 14.8
  • Stock P/E 29.8
  • Book Value 16.1
  • Dividend Yield 0.00 %
  • ROCE 2.35 %
  • ROE 3.71 %
  • Face Value 1.00

Pros

  • Stock is trading at 1.18 times its book value
  • Company has delivered good profit growth of 20.5% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -11.5%
  • The company has delivered a poor sales growth of -4.07% over past five years.
  • Promoter holding is low: 13.4%
  • Tax rate seems low
  • Company has a low return on equity of 0.50% over last 3 years.
  • Contingent liabilities of Rs.1,433 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 100% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
2,036 1,354 1,130 1,730 1,863 1,380 1,153 1,466 1,546 1,242 1,153 1,368 1,657
1,821 1,325 1,180 1,622 1,689 1,349 1,151 1,492 1,257 1,266 1,205 1,297 1,284
Operating Profit 215 29 -50 108 173 31 2 -26 289 -24 -52 71 372
OPM % 11% 2% -4% 6% 9% 2% 0% -2% 19% -2% -4% 5% 22%
5 3 4 3 3 4 3 2 6 3 5 3 -4
Interest 50 43 40 38 34 28 24 22 22 3 0 5 17
Depreciation 53 53 54 54 53 53 53 53 52 52 53 53 52
Profit before tax 116 -65 -140 19 90 -45 -73 -99 221 -77 -100 15 300
Tax % -3% 0% 0% 0% -5% 0% 0% 0% 0% 119% 0% 0% -31%
120 -65 -140 19 94 -45 -73 -99 221 -169 -100 15 391
EPS in Rs 0.94 -0.51 -1.09 0.15 0.73 -0.35 -0.57 -0.78 1.73 -1.32 -0.78 0.12 1.65
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
4,531 4,683 4,385 5,842 6,804 6,666 6,672 5,569 6,302 6,077 5,544 5,420
4,689 3,890 3,529 5,560 6,501 6,207 6,493 5,344 6,047 5,817 5,248 5,053
Operating Profit -158 793 856 283 303 459 179 225 255 260 296 368
OPM % -3% 17% 20% 5% 4% 7% 3% 4% 4% 4% 5% 7%
190 156 162 167 164 -50 17 21 17 13 15 7
Interest 889 848 802 680 322 301 263 254 210 156 96 26
Depreciation 240 224 214 197 211 216 215 215 213 213 211 211
Profit before tax -1,097 -123 2 -427 -66 -108 -283 -222 -151 -96 4 138
Tax % 0% -3% -368% -1% -3% -2% -1% -2% -2% -5% 0% 0%
-1,097 -120 7 -423 -64 -105 -280 -218 -148 -92 4 138
EPS in Rs -13.54 -1.07 0.07 -3.73 -0.57 -0.93 -2.47 -1.71 -1.16 -0.72 0.03 0.58
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: -4%
3 Years: -5%
TTM: -2%
Compounded Profit Growth
10 Years: 13%
5 Years: 21%
3 Years: 45%
TTM: 3439%
Stock Price CAGR
10 Years: -2%
5 Years: 3%
3 Years: 6%
1 Year: -24%
Return on Equity
10 Years: -3%
5 Years: -2%
3 Years: 1%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 81 108 110 110 110 110 110 124 124 124 124 237
Reserves 1,726 3,849 3,833 3,388 3,295 3,144 2,831 2,753 4,374 4,369 4,236 3,579
7,284 6,911 7,007 6,791 6,022 5,487 5,389 4,792 4,246 3,769 3,495 3,465
2,986 3,086 3,852 4,304 4,979 5,348 5,349 5,941 6,734 7,148 7,247 6,701
Total Liabilities 12,077 13,955 14,803 14,593 14,406 14,089 13,679 13,610 15,478 15,410 15,102 13,982
4,890 7,937 7,728 7,536 7,390 7,188 6,992 6,803 6,600 6,391 6,189 6,004
CWIP 8 19 36 66 17 43 25 4 1 4 9 37
Investments 2,282 1,132 1,108 1,056 1,021 962 910 862 3,613 3,685 3,628 2,780
4,897 4,866 5,930 5,935 5,978 5,897 5,751 5,940 5,264 5,330 5,277 5,161
Total Assets 12,077 13,955 14,803 14,593 14,406 14,089 13,679 13,610 15,478 15,410 15,102 13,982

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-348 377 713 951 1,133 894 351 635 814 662 303 246
-193 -8 -18 -29 -18 -26 10 8 -5 -3 -3 554
475 -388 -707 -920 -1,098 -816 -398 -658 -835 -632 -284 -781
Net Cash Flow -66 -19 -11 1 17 53 -38 -16 -26 27 17 19
Free Cash Flow -354 365 689 918 1,110 867 349 628 808 651 288 131
CFO/OP 230% 47% 83% 326% 373% 195% 197% 284% 321% 255% 102% 68%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 14 23 14 12 11 9 12 14 8 9 7 6
Inventory Days 192 206 366 212 175 182 169 228 184 204 223 203
Days Payable 246 235 338 251 264 299 296 339 318 267 293 266
Cash Conversion Cycle -40 -6 41 -27 -77 -107 -116 -98 -126 -54 -63 -57
Working Capital Days 131 129 94 85 53 43 17 -8 -60 -73 -69 -73
ROCE % -3% 7% 7% 2% 3% 3% -0% 0% 1% 1% 1% 2%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Alcohol / Ethanol Production
KL

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Power Generated
Million Units
Sugar Produced
MT
Sugar Recovery
%
Sugarcane Crushed
MMT
Distillery Capacity
KLPD
Sugarcane Crushing Capacity
TCD

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
24.96% 24.96% 24.96% 24.96% 24.96% 24.96% 24.96% 24.96% 24.96% 24.96% 24.96% 13.42%
1.60% 1.64% 1.80% 2.57% 2.63% 4.32% 3.41% 2.61% 2.16% 1.89% 1.86% 1.14%
15.26% 12.41% 9.45% 8.60% 8.43% 8.14% 8.08% 8.10% 8.12% 7.84% 7.83% 50.41%
58.05% 60.87% 63.67% 63.73% 63.84% 62.46% 63.42% 64.20% 64.64% 65.18% 65.23% 34.95%
0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.07%
No. of Shareholders 4,51,0995,12,1555,56,6506,35,4486,73,5857,45,3367,88,7438,01,0567,89,1527,81,5687,70,5697,65,300

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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