Bajaj Hindusthan Sugar Ltd - Stock Valuation and Financial Performance

BSE: 500032 | NSE: BAJAJHIND | Sugar | Small Cap

Bajaj Hindusthan Sug Share Price

42.84 -1.25 -2.84%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Bajaj Hindusthan Sug

Overall Rating
Bole Toh

1. Quality

2. Valuation


3. Price Trend

Bajaj Hindusthan Sugar stock performance -

mw4me loader
P/E Ratio (SA):
Market Cap:
5,472.2 Cr.
52-wk low:
52-wk high:

Is Bajaj Hindusthan Sugar Ltd an attractive stock to invest in?

1. Is Bajaj Hindusthan Sugar Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bajaj Hindusthan Sugar Ltd is a average quality company.

2. Is Bajaj Hindusthan Sugar Ltd undervalued or overvalued?

The key valuation ratios of Bajaj Hindusthan Sugar Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Bajaj Hindusthan Sugar Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Bajaj Hindusthan Sugar Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Bajaj Hindusthan Sug:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bajaj Hindusthan Sugar Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

ROCE % -5.5%4.8%5.2%0.5%1.6%1.2%-1.1%-0.5%-0%0.2%-
Value Creation

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,5314,6834,3855,8426,8046,6666,6725,5696,3026,0776,077
Sales YoY Gr.-3.4%-6.4%33.3%16.5%-2%0.1%-16.5%13.2%-3.6%-
Adj EPS -13.7-1.10.1-3.9-0.6-1-2.5-1.8-1.2-0.7-0.7
BVPS (₹) 22.336.235.831.830.929.626.723.
Adj Net
Cash Flow from Ops. -3483777139511,133894351635814660-
Debt/CF from Ops. -2118.


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.3%-2.2%-3.1%-3.6%
Share Price 5.3% 41.6% 24.2% 158.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on
Equity %
Op. Profit
Mgn %
Net Profit
Mgn %
Debt to
Working Cap
Cash Conv.

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.84

Return on Equity is Poor

Sales growth has been subdued in last 3 years -3.07%

Sales growth is not so good in last 4 quarters at -3.12%

Latest Financials - Bajaj Hindusthan Sugar Ltd.

Standalone Consolidated
TTM EPS (₹) -0.7 -0.7
TTM Sales (₹ Cr.) 6,077 6,104
BVPS (₹.) 35.2 35.1
Reserves (₹ Cr.) 4,369 4,351
P/BV 1.22 1.22
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 15.90 / 44.95
All Time Low / High (₹) 1.77 / 480.36
Market Cap (₹ Cr.) 5,472
Equity (₹ Cr.) 127.7
Face Value (₹) 1
Industry PE 22.4

Management X-Ray of Bajaj Hindusthan Sug:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Bajaj Hindusthan Sug

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Operating Expenses 4,6903,8903,5295,5606,5016,2076,4935,3446,0485,817
Manufacturing Costs237170172213301342537449350320
Material Costs4,1293,4093,0054,8985,7655,4245,4914,4005,1794,862
Employee Cost 180199233249275299328342379402
Other Costs 144113119199159142137153140233
Operating Profit -158793856283303459179225255260
Operating Profit Margin (%) -3.5%16.9%19.5%4.8%4.5%6.9%2.7%4.0%4.0%4.3%
Other Income 1861561621671641117211713
Interest 889848802680322301263254210156
Depreciation 240224214197211216215215213213
Exceptional Items 40000-610000
Profit Before Tax -1,097-1232-427-66-108-283-222-151-96
Tax 0-3-6-4-2-2-3-4-4-4
Profit After Tax -1,097-1207-423-64-105-280-218-148-92
PAT Margin (%) -24.2%-2.6%0.2%-7.2%-0.9%-1.6%-4.2%-3.9%-2.3%-1.5%
Adjusted EPS (₹)-13.5-1.10.1-3.8-0.6-1.0-2.5-1.8-1.2-0.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)

Equity and Liabilities

Shareholders Fund 1,8073,9213,9443,4983,4053,2542,9412,8774,4994,493
Share Capital 81108110110110110110124124124
Reserves 1,7263,8133,8333,3883,2953,1442,8312,7534,3744,369
Minority Interest0000000000
Long Term Debt7,1116,2205,4605,8925,3825,1404,8024,2443,8093,493
Short Term Debt1460243156000000
Trade Payables2,7902,1962,7863,3734,1624,4404,4604,0924,5083,586
Others Liabilities 2221,6182,3711,6911,4591,2561,4762,3972,6623,842
Total Liabilities 12,07713,95514,80314,61114,40814,08913,67913,61015,47815,414

Fixed Assets

Gross Block7,28910,55910,55910,56210,62510,63610,65410,67510,68310,672
Accumulated Depreciation2,3992,6212,8313,0263,2353,4493,6623,8724,0844,281
Net Fixed Assets4,8907,9377,7287,5367,3907,1886,9926,8036,6006,391
CWIP 8193666174325414
Investments 2,2821,1321,1081,0561,0219629108623,6133,685
Trade Receivables169300166192206173219214138152
Cash Equivalents 8811982556011163472148
Others Assets2,4602,5232,6742,8582,9502,9012,9282,9332,4972,419
Total Assets 12,07713,95514,80314,61114,40814,08913,67913,61015,47815,414

Cash Flow

(All Figures are in Crores.)
Cash Flow From Operating Activity -3483777139511,133894351635814660
PBT -1,097-1232-427-66-108-283-222-151-96
Adjustment 779921864742400589473458420446
Changes in Working Capital -45-424-155609798413162401550309
Tax Paid 1532271-1-1-3-50
Cash Flow From Investing Activity -193-8-18-29-18-26108-5-1
Capex -6-12-25-33-22-27-2-6-6-9
Net Investments 0000000000
Others -18747441121418
Cash Flow From Financing Activity 475-388-707-920-1,098-816-398-658-835-632
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 26-306-395-484-624-548-226-471-544-475
Interest Paid -387-81-554-350-318-268-169-184-288-154
Dividend Paid 0000000000
Others 837-1243-86-1560-3-3-3-3
Net Cash Flow -66-19-1111753-38-16-2627
ROE (%)-50.42-4.180.19-11.37-1.86-3.16-9.03-7.5-4.01-2.04
ROCE (%)-2.327.277.372.382.592.12-0.230.390.720.7
Asset Turnover Ratio0.380.380.320.40.470.470.480.410.430.39
PAT to CFO Conversion(x)N/AN/A101.86N/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days1518181111101114109
Inventory Days189153195180151150144173155160
Payable Days235267303229239289296355303304

Bajaj Hindusthan Sugar Ltd Stock News

Bajaj Hindusthan Sugar Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bajaj Hindusthan Sug on 12-Jul-2024 16:01 is ₹42.84.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Jul-2024 16:01 the market cap of Bajaj Hindusthan Sug stood at ₹5,472.2.
The latest P/E ratio of Bajaj Hindusthan Sug as of 12-Jul-2024 16:01 is 0.00.
The latest P/B ratio of Bajaj Hindusthan Sug as of 12-Jul-2024 16:01 is 1.22.
The 52-week high of Bajaj Hindusthan Sug is ₹44.95 and the 52-week low is ₹15.90.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bajaj Hindusthan Sug is ₹6,077 ( Cr.) .

About Bajaj Hindusthan Sugar Ltd

Bajaj Hindusthan (BHL) was incorporated on November 23, 1931 under the name --The Hindusthan Sugar Mills -- on the initiative of Jamnalal Bajaj - a businessman, confidante, disciple and adopted son of Mahatma Gandhi. Bajaj Hindusthan (BHL), a part of the Bajaj Group, is India’s Number One sugar and ethanol manufacturing company, headquartered at Mumbai (Maharashtra), India.

The Company has fourteen sugar plants, which are all located in the northern Indian state of Uttar Pradesh (UP): Golagokarannath, Palia Kalan and Khambarkhera (district Lakhimpur Kheri), Barkhera (district Pilibhit), Kinauni (district Meerut), Gangnauli (district Saharanpur), Thanabhavan and Budhana (district Muzaffarnagar), Bilai (district Bijnore), Maqsoodapur (district Shahjahanpur), Pratappur (district Deoria), Rudauli (district Basti), Kundarkhi (district Gonda) and Utraula (district Balrampur). These plants have aggregate sugarcane crushing capacity of 136,000 tcd (tonnes crushed per day) and a distillery capacity to produce 800,000 liters of alcohol per day.

BHL is India’s largest ethanol producer. It is the pioneer of India’s fuel ethanol programme. It is currently producing 38 million litres of ethanol in a year. In anticipation of emerging market demand, the Company has increased its ethanol manufacturing capacity to nearly 218 million litres per year.

The company generates 430 MW of power from the bagasse produced in its sugar mills. After meeting its own energy needs, BHL has a surplus of 105 MW. The Company has already begun to supply a significant part of this surplus power to the UP state grid. BHL has now embarked upon the expansion of its power generation capacity by 450 MW through the setting up of new coal based power plants of 90 MW each in the vicinity of 5 of its existing sugar units. These new projects are expected to be completed within a period of nine months at an aggregate project cost of around Rs. 23 billion.

Besides this, through a Consortium, the company, in a major diversification move, has also embarked on developing two mega thermal power projects in UP, each of which will produce 1,980 megawatts of power, ready for commissioning in around 5 years.

BHL’s wholly owned subsidiary, Bajaj Eco-tec Products Limited (BEPL), produces environment-friendly Medium Density Fibre Boards (MDF) and Particle Boards (PB), both from its bagasse waste. Both MDF and PB are invaluable substitutes for wood in construction and furnishing. The manufacturing of MDF and PB has been a trail-blazing venture in India. It will protect and preserve India’s forests from commercial exploitation by the construction and furniture industries. A 50,000 cubic metre MDF plant saves one lakh mature trees from being cut down in a year.

BEPL is among the very few units in the world to manufacture MDF and PB that is completely wood-free. Its three Units, put together, turns out 210,000 cubic metres of MDF and Particle Boards in a year. This will prevent the felling of an estimated 420,000 fully matured trees annually.



  • Company applies for a license to increase capacity from 4,800 TCD to 10,000 TCD
  • Complete decontrol of cement effective March 1, 1989
  • Sharda Sugar & Ind. Ltd. receives LOI to expand its capacity from 1,400 TCD to 5,000 TCD.
  • The company changes its name to Bajaj Hindustan.
  • Capacity of cement plant increased from 4 to 6 million tons per annum
  • Bonus shares issued of Rs. 1.12 million in the ratio of 4:1
  • Expansion of Gola plant from 3,600 to 4,800 tons completed
  • Golden jubilee year
  • Sharda Sugar & Ind. Ltd. amalgamated with Bajaj Hindustan. 


  • LOI received to increase cane capacity to 10,000 MT per day for Gola unit
  • Construction Board Ltd. amalgamated with Bajaj Hindustan.
  • Palia capacity increased to 5,000 TCD
  • The cement plant is sold to J K Udaipur Udyog for Rs 147.50 crore
  • Board of directors decide to dispose of the cement unit.

2001 Onwards

  • New 7,000 TCD plant near Meerut commenced operations in November 2004
  • First unit to crush 20 million quintals of cane during the drought year 2002-03
  • Achieved record profit of Rs. 283.51 million in FY 2003
  • Turnover up by 25% (on annualised basis)
  • Production up by 25%
  • Crushing of sugar cane up by 26%
  • GOI changes the free to levy sugar sale ratio from 70:30 to 85:15.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.