MarketFriction

Bajaj Hindusthan Sugar Ltd

NSE BAJAJHIND · BSE 500032 · Sugar
₹19.19 -1.79%
NSE close2026-10-01
52 week range14.85 - 26.00
Market cap₹4,777 Cr.
P/E36.9
Price band 20% Delivery 28.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,1331,7411,8701,3861,1601,4761,5541,2481,1571,3801,6691,126
Expenses1,1891,6301,7011,3581,1591,5001,2681,2751,2111,3071,2951,246
Operating Profit-55111170281-24286-27-5473373-120
OPM %-4.9%6%9%2.0%0.1%-1.7%18%-2.1%-4.7%5%22%-11%
Other Income3044-63011353-32
Interest423937292624246371811
Depreciation565655545454535454545356
Profit before tax-1232082-62-76-102220-83-10615299-185
Tax %-0%-0%-10%9%-0%-0%-0%110%-0%-1%-31%-0%
Net Profit-1232091-67-76-102220-174-10515391-185
EPS in Rs-0.960.160.71-0.52-0.59-0.801.72-1.36-0.820.121.65-0.77
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,6904,3995,8476,8066,6696,6665,5766,3386,1045,5735,4555,332
Expenses3,9063,5485,5756,5106,2166,5035,4036,0755,8555,2855,0895,060
Operating Profit785851272297454163172263249288366273
OPM %17%19%4.7%4.4%7%2.5%3.1%4.2%4.1%5%7%5%
Other Income90961019611222522401087
Interest8488026803223012642542101628583339
Depreciation242243197204216216215213222216216218
Profit before tax-216-98-505-134-52-294-272-138-95-77612523
Tax %-2%-6%-1%2%-5%-1%-1%-2%-9%1%-1%
Net Profit-212-92-500-137-50-291-268-135-87-780126115
EPS in Rs-1.90-0.81-4.41-1.20-0.44-2.57-2.09-1.05-0.68-6.100.530.18
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth2%-4%-5%-2%
Compounded Profit Growth10%20%45%198%
Stock Price CAGR2%5%-9%3%
Return on Equity-8%-9%-10%24%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital81108110110110110110124124124124237
Reserves1,4393,4703,3552,8322,6822,5872,2622,1354,3004,35127763
Borrowings7,2856,9147,0106,7966,0265,4935,4094,8174,3033,8403,5756,356
Other Liabilities3,0013,0953,8614,3124,9875,3585,3545,9747,2127,59111,5586,948
Total Liabilities11,80613,58814,33714,04913,80613,54813,13613,05015,93915,90615,28414,304
Fixed Assets4,9447,9747,7367,5437,3977,1946,9936,8057,8007,5827,3267,136
CWIP182946752653358581341
Investments2,4511,3021,2781,2251,1911,1361,0851,9184,4804,5964,2693,569
Other Assets4,3934,2835,2775,2065,1925,1655,0224,3183,6543,7203,6773,557
Total Assets11,80613,58814,33714,04913,80613,54813,13613,05015,93915,90615,28414,304
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-3653797009531,118910332619792646280230
Cash from Investing Activity-179-2-14-29-4-21221312-320562
Cash from Financing Activity476-386-707-918-1,098-839-384-654-833-615-281-776
Net Cash Flow-68-9-2061650-30-22-29291916
Free Cash Flow-3723676759201,109882339613786638291113
CFO/OP224%48%83%338%377%201%204%357%301%259%98%65%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1322121111912148977
Inventory Days192206366212175182169228184204221203
Days Payable246235339251264299297340321270292267
Cash Conversion Cycle-41-739-29-78-107-116-98-129-56-64-58
Working Capital Days67621722-4-12-38-119-160-175-445-184
ROCE %-4%7%7%2%2%3%-0%-0%1%1%2%3%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters24.96%24.96%24.96%24.96%24.96%24.96%24.96%24.96%24.96%24.96%13.42%13.33%
FIIs1.64%1.80%2.57%2.63%4.32%3.41%2.61%2.16%1.89%1.86%1.14%1.14%
DIIs12.41%9.45%8.60%8.43%8.14%8.08%8.10%8.12%7.84%7.83%50.41%50.67%
Public60.87%63.67%63.73%63.84%62.46%63.42%64.20%64.64%65.18%65.23%34.95%34.78%
Others0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.07%0.07%
No. of Shareholders5,12,1555,56,6506,35,4486,73,5857,45,3367,88,7438,01,0567,89,1527,81,5687,70,5697,65,3007,54,171

Fundamentals

Market Cap₹ 4,777 Cr.
Current Price₹ 20.0
Stock P/E36.9
Book Value₹ 4.21
ROCE3.11 %
ROE24.4 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)198%
Consolidated figures.
Valuation
Market capRs 4,556 Cr
Enterprise valueRs 10,824 Cr
P/E (TTM)39.38x
Price to book4.56x
Price to sales0.85x
EV / EBITDA38.66x
EV / EBIT175.00x
EV / sales2.03x
Price to cash flow19.84x
Earnings yield2.54%
P/E, 3-year average30.88x
P/B, 3-year average7.06x
P/E, 5-year average30.88x
P/B, 5-year average4.47x
Profitability
Operating margin (excl. other income)6.70%
Operating margin (incl. other income)6.85%
EBITDA margin5.25%
Pre-tax margin0.43%
Net profit margin2.17%
Net margin, latest quarter-16.40%
ROE22.00%
ROCE2.86%
ROA0.86%
ROE, 3-year average-4.54%
ROCE, 3-year average1.67%
ROA, 3-year average-1.56%
ROE, 5-year average-5.84%
ROCE, 5-year average1.14%
ROA, 5-year average-1.53%
ROIC (approx.)0.86%
Tax rate-0.73%
Other income / net worth0.82%
Growth
Sales growth (latest year)-2.12%
Sales CAGR, 3 years-4.88%
Sales CAGR, 5 years-3.93%
Sales growth QoQ-32.52%
Profit growth QoQ-147.27%
Sales growth YoY (latest quarter)-9.81%
Per share
EPS (TTM)Rs 0.49
EPS (latest year)Rs 0.53
EPS (latest quarter)Rs -0.78
EPS, 3-year averageRs -2.08
EPS, 5-year averageRs -1.88
Book value per shareRs 4.21
Sales per shareRs 22.46
Cash flow per shareRs 0.97
Free cash flow per shareRs 0.48
Efficiency
Asset turnover0.38x
Fixed asset turnover0.76x
Inventory turnover1.88x
Inventory days194 days
Debtor days7 days
Debtors turnover55.31x
Creditor days267 days
Cash conversion cycle-58 days
Working capital days-184 days
Leverage
Total debtRs 6,356 Cr
Cash and bankRs 88 Cr
Net debtRs 6,268 Cr
Debt to equity6.36x
Net debt / EBITDA22.39x
Interest coverage1.59x
Current ratio (filing 2026-03-31)0.55x
Quick ratio (filing 2026-03-31)0.15x
Trade payables (filing 2026-03-31)Rs 3,197 Cr
Owners' fund to total sources6.99%
Debt to assets44.44%
Cash flow
Cash from Operating Activity (latest year)Rs 230 Cr
Cash from Investing Activity (latest year)Rs 562 Cr
Cash from Financing Activity (latest year)Rs -776 Cr
Net Cash Flow (latest year)Rs 16 Cr
Free cash flow (latest year)Rs 113 Cr
FCFE (approx.: FCF + change in debt)Rs 2,894 Cr
Sales to cash flow23.76x
Statement figures
Net sales (TTM)Rs 5,332 Cr
Net sales (latest year)Rs 5,455 Cr
Sales (latest quarter)Rs 1,126 Cr
Operating profit excl. other income (latest year)Rs 366 Cr
Operating profit (latest quarter)Rs -120 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs 280 Cr
PBDT (TTM)Rs 241 Cr
Profit before tax (TTM)Rs 23 Cr
Tax (latest year)Rs -1 Cr
Net profit (TTM)Rs 116 Cr
Net profit (latest year)Rs 127 Cr
Net profit (latest quarter)Rs -185 Cr
Depreciation (TTM)Rs 218 Cr
Depreciation (latest quarter)Rs 56 Cr
Interest (TTM)Rs 39 Cr
Cost of goods sold (latest year)Rs 4,557 Cr
Total expenditure (latest year)Rs 5,089 Cr
Total income (latest year)Rs 5,463 Cr
Share capitalRs 237 Cr
ReservesRs 763 Cr
Shareholders' fundsRs 1,000 Cr
Total assetsRs 14,304 Cr
Net blockRs 7,136 Cr
Capital work in progressRs 41 Cr
InvestmentsRs 3,569 Cr
ReceivablesRs 99 Cr
InventoryRs 2,425 Cr
Other liabilitiesRs 6,948 Cr
Shares outstanding (crore)237.39
Ownership
Promoter holding13.33% (-11.63 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 4.56 is at the 87th percentile (median 1.09).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBAJAJHINDNifty 50Difference
1 week-3.6%-2.8% -0.8 pts
1 month-12.5%-6.8% -5.7 pts
3 months+7.3%-7.6% +14.9 pts
6 months+16.5%+0.4% +16.1 pts
1 year-6.2%-9.9% +3.8 pts
2 years-51.0%-13.6% -37.4 pts
3 years-26.9%+14.2% -41.1 pts
5 years+19.6%+27.9% -8.3 pts
1 mutual fund schemes hold about ₹0 Cr. Over three months 1 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal BSE 1000 Index Fund0.01%0 +16%

Red flags

F-score 6 of 8
explainShare dilution Share count up 86% in a year, 86% in three
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,126 Cr -9.8% vs Jun 2025. Net loss ₹185 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-06-20Annual General Meeting
2023-06-27Annual General Meeting
2022-09-15Annual General Meeting
2021-09-02 Annual General Meeting
2020-09-21 Annual General Meeting
2019-09-12 Annual General Meeting
2018-09-12 Annual General Meeting
2017-09-07 Annual General Meeting
2016-09-08 Annual General Meeting
2015-09-04 Annual General Meeting
2014-07-31Annual General Meeting
2013-01-31Annual General Meeting/Dividend Re 0.10 Per Share
2012-02-02Annual General Meeting/Dividend Re 0.40 Per Share
2011-09-21Rights 2:1 @ Premium Rs.35/- Per Share
2011-03-10Annual General Meeting And Dividend Of Re. 0.70 Per Share.
2010-03-11Agm/Div-Re.0.70 Per Share
2009-03-12Agm/Dividend - 60%
2008-02-14Agm/Dividend - 60%
2007-03-15Agm/Dividend-60%
2006-03-16Agm/Dividend-50%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Bajaj Hindusthan Sugar Ltd?

Bajaj Hindusthan Sugar Ltd (BAJAJHIND) has a market capitalisation of Rs 4,777 Cr. at the 2026-10-01 close.

What is the P/E ratio of Bajaj Hindusthan Sugar Ltd?

Bajaj Hindusthan Sugar Ltd trades at a P/E of 36.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Bajaj Hindusthan Sugar Ltd's latest quarterly results?

In the Jun 2026 quarter, Bajaj Hindusthan Sugar Ltd sales was Rs 1,126 Cr (-9.8% vs Jun 2025) with a net loss of Rs 185 Cr.

What is the 52-week high and low of Bajaj Hindusthan Sugar Ltd?

The 52-week high is Rs 26.00 and the 52-week low is Rs 14.85.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03