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 Weak which suggest that the price of Bajaj Hindusthan Sugar Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||1.9%||-7.9%||-5.5%||4.8%||5.2%||0.5%||1.6%||1.6%||-1.1%||-0.5%||-|
|Value Creation Index ⓘ||-0.9||-1.6||-1.4||-0.7||-0.6||-1.0||-0.9||-0.9||-1.1||-1.0||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||3.9%||2.3%||3.4%||-6.4%||33.3%||16.5%||-2%||0.1%||-16.5%||-|
|Adj EPS ⓘ||-4.5||-15.9||-13.7||-1.1||0.1||-3.9||-0.6||-0.6||-2.5||-1.8||-2.2|
|YoY Gr. Rt. %||-||NA||NA||NA||NA||-5600%||NA||NA||NA||NA||-|
|BVPS (₹) ⓘ||63.8||26.5||22.3||36.2||35.8||31.8||30.9||29.6||26.7||23.1||20.9|
|Adj Net Profit ⓘ||-288||-1,018||-1,113||-120||8||-424||-64||-62.7||-279||-218||-275|
|Cash Flow from Ops. ⓘ||-468||713||-348||377||713||951||1,133||894||351||635||-|
|Debt/CF from Ops. ⓘ||-12.2||5.9||-21||18.3||9.8||7.1||5.3||6.1||15.3||7.5||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||NA||-290.4%||NA||NA|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||-8||-45.9||-51||-4.2||0.2||-11.4||-1.9||-1.9||-9||-7.5||-9.8|
|Op. Profit Mgn % ⓘ||10.8||-0.6||-3.4||16.9||19.5||4.8||4.5||6.9||2.7||4.1||1.7|
|Net Profit Mgn % ⓘ||-6.8||-23||-24.6||-2.6||0.2||-7.3||-0.9||-0.9||-4.2||-3.9||-4.8|
|Debt to Equity ⓘ||1.4||2.5||4||1.8||1.8||1.9||1.8||1.7||1.8||1.7||1.5|
|Working Cap Days ⓘ||225||212||380||357||419||361||317||321||314||380||304|
|Cash Conv. Cycle ⓘ||38||36||-28||-69||20||-9||-49||-90||-96||-87||24|
Debt to equity has declined versus last 3 years average to 1.66
Return on Equity is Poor
Sales growth has been subdued in last 3 years -6.46%
Sales growth is not so good in last 4 quarters at -9.39%
|TTM EPS (₹)||-2.2||-2.4|
|TTM Sales (₹ Cr.)||5,713||5,732|
|BVPS (₹.) ⓘ||20.9||16.1|
|Reserves (₹ Cr.) ⓘ||2,544||1,927|
|From the Market|
|52 Week Low / High (₹)||8.37 / 22.58|
|All Time Low / High (₹)||1.77 / 480.36|
|Market Cap (₹ Cr.)||1,437|
|Equity (₹ Cr.)||127.7|
|Face Value (₹)||1|
|Industry PE ⓘ||11.2|
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 Indiaâ€™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 Indiaâ€™s largest ethanol producer. It is the pioneer of Indiaâ€™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.
BHLâ€™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 Indiaâ€™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.