Bajaj Hindusthan Sugar Ltd

₹ 23.1 -0.86%

21 Aug - close price

bajajhindusthan.com BSE: 500032 NSE: BAJAJHIND

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.

Website BSE NSE

Market Cap ₹ 5,530 Cr.
Current Price ₹ 23.1
High / Low ₹ 24.0 / 14.8
Stock P/E 42.7
Book Value ₹ 4.21
Dividend Yield 0.00 %
ROCE 3.11 %
ROE 24.4 %
Face Value ₹ 1.00

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Pros

Company has delivered good profit growth of 19.9% CAGR over last 5 years

Cons

Stock is trading at 5.49 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -3.93% over past five years.
Promoter holding is low: 13.3%
Company has a low return on equity of -9.85% over last 3 years.
Company might be capitalizing the interest cost
Promoters have pledged 100% of their holding.
Promoter holding has decreased over last 3 years: -11.6%

* 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.

Peer comparison

Fast Moving Consumer Goods Fast Moving Consumer Goods Agricultural Food & other Products Sugar

Part of BSE Fast Moving Consumer Goods BSE 1000

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,360	1,133	1,741	1,870	1,386	1,160	1,476	1,554	1,248	1,157	1,380	1,669	1,126
	1,338	1,189	1,630	1,701	1,358	1,159	1,500	1,268	1,275	1,211	1,307	1,295	1,246
Operating Profit	22	-55	111	170	28	1	-24	286	-27	-54	73	373	-120
OPM %	1.6%	-4.9%	6%	9%	2.0%	0.1%	-1.7%	18%	-2.1%	-4.7%	5%	22%	-11%
	3	30	4	4	-6	3	0	11	3	5	3	-3	2
Interest	45	42	39	37	29	26	24	24	6	3	7	18	11
Depreciation	55	56	56	55	54	54	54	53	54	54	54	53	56
Profit before tax	-75	-123	20	82	-62	-76	-102	220	-83	-106	15	299	-185
Tax %	-0%	-0%	-0%	-10%	9%	-0%	-0%	-0%	110%	-0%	-1%	-31%	-0%
	-75	-123	20	91	-67	-76	-102	220	-174	-105	15	391	-185
EPS in Rs	-0.58	-0.96	0.16	0.71	-0.52	-0.59	-0.80	1.72	-1.36	-0.82	0.12	1.65	-0.77
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	4,535	4,690	4,399	5,847	6,806	6,669	6,666	5,576	6,338	6,104	5,573	5,455	5,332
	4,704	3,906	3,548	5,575	6,510	6,216	6,503	5,403	6,075	5,855	5,285	5,089	5,060
Operating Profit	-168	785	851	272	297	454	163	172	263	249	288	366	273
OPM %	-3.7%	17%	19%	4.7%	4.4%	7%	2.5%	3.1%	4.2%	4.1%	5%	7%	5%
	124	90	96	101	96	11	22	25	22	40	10	8	7
Interest	889	848	802	680	322	301	264	254	210	162	858	33	39
Depreciation	258	242	243	197	204	216	216	215	213	222	216	216	218
Profit before tax	-1,191	-216	-98	-505	-134	-52	-294	-272	-138	-95	-776	125	23
Tax %	0%	-2%	-6%	-1%	2%	-5%	-1%	-1%	-2%	-9%	1%	-1%
	-1,192	-212	-92	-500	-137	-50	-291	-268	-135	-87	-780	126	115
EPS in Rs	-14.72	-1.90	-0.81	-4.41	-1.20	-0.44	-2.57	-2.09	-1.05	-0.68	-6.10	0.53	0.18
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	2%
5 Years:	-4%
3 Years:	-5%
TTM:	-2%

Compounded Profit Growth
10 Years:	10%
5 Years:	20%
3 Years:	45%
TTM:	198%

Stock Price CAGR
10 Years:	3%
5 Years:	11%
3 Years:	2%
1 Year:	9%

Return on Equity
10 Years:	-8%
5 Years:	-9%
3 Years:	-10%
Last Year:	24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	1,439	3,470	3,355	2,832	2,682	2,587	2,262	2,135	4,300	4,351	27	763
	7,285	6,914	7,010	6,796	6,026	5,493	5,409	4,817	4,303	3,840	3,575	6,356
	3,001	3,095	3,861	4,312	4,987	5,358	5,354	5,974	7,212	7,591	11,558	6,948
Total Liabilities	11,806	13,588	14,337	14,049	13,806	13,548	13,136	13,050	15,939	15,906	15,284	14,304
	4,944	7,974	7,736	7,543	7,397	7,194	6,993	6,805	7,800	7,582	7,326	7,136
CWIP	18	29	46	75	26	53	35	8	5	8	13	41
Investments	2,451	1,302	1,278	1,225	1,191	1,136	1,085	1,918	4,480	4,596	4,269	3,569
	4,393	4,283	5,277	5,206	5,192	5,165	5,022	4,318	3,654	3,720	3,677	3,557
Total Assets	11,806	13,588	14,337	14,049	13,806	13,548	13,136	13,050	15,939	15,906	15,284	14,304

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-365	379	700	953	1,118	910	332	619	792	646	280	230
	-179	-2	-14	-29	-4	-21	22	13	12	-3	20	562
	476	-386	-707	-918	-1,098	-839	-384	-654	-833	-615	-281	-776
Net Cash Flow	-68	-9	-20	6	16	50	-30	-22	-29	29	19	16
Free Cash Flow	-372	367	675	920	1,109	882	339	613	786	638	291	113
CFO/OP	224%	48%	83%	338%	377%	201%	204%	357%	301%	259%	98%	65%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	13	22	12	11	11	9	12	14	8	9	7	7
Inventory Days	192	206	366	212	175	182	169	228	184	204	221	203
Days Payable	246	235	339	251	264	299	297	340	321	270	292	267
Cash Conversion Cycle	-41	-7	39	-29	-78	-107	-116	-98	-129	-56	-64	-58
Working Capital Days	67	62	17	22	-4	-12	-38	-119	-160	-175	-445	-184
ROCE %	-4%	7%	7%	2%	2%	3%	-0%	-0%	1%	1%	2%	3%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Industrial Alcohol / Ethanol Production
Kilolitres (KL)

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x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx
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xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
	xxx.xx	xxx.xx		xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx
				x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx

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Power Generation
Million Units (MUs)

Sugar Production
Metric Tonnes (MT)

Sugar Recovery
%

Sugarcane Crushed
Million Metric Tonnes (MMT)

Sugarcane Crushing Capacity
Tonnes Crushed per Day (TCD)

Power Exported to Grid
Million Units (MUs)

BHSL Market Share of All India Sugar Production
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	24.96%	24.96%	24.96%	24.96%	24.96%	24.96%	24.96%	24.96%	24.96%	24.96%	13.42%	13.33%
	1.64%	1.80%	2.57%	2.63%	4.32%	3.41%	2.61%	2.16%	1.89%	1.86%	1.14%	1.14%
	12.41%	9.45%	8.60%	8.43%	8.14%	8.08%	8.10%	8.12%	7.84%	7.83%	50.41%	50.67%
	60.87%	63.67%	63.73%	63.84%	62.46%	63.42%	64.20%	64.64%	65.18%	65.23%	34.95%	34.78%
	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.07%	0.07%
No. of Shareholders	5,12,155	5,56,650	6,35,448	6,73,585	7,45,336	7,88,743	8,01,056	7,89,152	7,81,568	7,70,569	7,65,300	7,54,171

	Feb 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	26.41%	26.02%	15.43%	15.43%	15.43%	15.43%	24.95%	24.96%	24.96%	24.96%	13.42%	13.33%
	0.00%	3.86%	4.31%	3.82%	2.25%	0.14%	1.20%	1.69%	2.57%	2.61%	1.14%	1.14%
	51.23%	39.65%	45.26%	44.10%	43.93%	39.90%	21.54%	15.27%	8.60%	8.10%	50.41%	50.67%
	22.21%	30.32%	34.83%	36.49%	38.23%	44.36%	52.17%	57.94%	63.73%	64.20%	34.95%	34.78%
	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.14%	0.14%	0.14%	0.14%	0.07%	0.07%
No. of Shareholders	1,41,358	1,45,250	1,45,954	1,51,742	1,71,542	2,03,754	4,07,209	4,60,799	6,35,448	8,01,056	7,65,300	7,54,171

* 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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Bajaj Hindusthan Sugar Ltd

Bajaj Hindusthan Sugar Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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