1. Bajaj Hindusthan Sugar
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100% Buy

Bajaj Hindusthan Sugar Share Price

BAJAJHIND

₹32.70+₹0.30 (0.93%) TodayLast updated on 24 May, 2024 | 03:54 PM IST
₹32.30₹33.25
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Company overview

Financial performance

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Market cap

Market Cap Switch₹4,133 Crs

Open

₹32.50

Close

₹32.40

Circuit range

₹38.85 - ₹25.95

Day range

₹32.30 - ₹33.25

Year range

₹13.35 - ₹40.50

Volume

89,45,276

Avg. traded

₹32.75

Revenue (12m)

₹6,104 Crs

Bajaj Hindusthan Sugar

Bajaj Hindusthan Sugar Limited (BHSL) is a sugar and ethanol manufacturing company, headquartered in Mumbai. Bajaj Sugar, initially known as Hindusthan Sugar Mills Limited, was founded by Jamnalal Bajaj on November 24, 1931.

Bajaj Sugar’s first plant was started in Gola Gokaran Nath within the Lakhimpur Kheri district in Uttar Pradesh. Initially designed to process 400 tonnes of cane crushed per day (TCD), the plant’s capacity has since grown to the current 13,000 TCD.

The market capitalisation of Bajaj Hindusthan Sugar Limited is over ₹3,500 crore as of December 28, 2023. Bajaj Sugar share price has gained over 340% in three years.

Business operations

The company specialises in sugar manufacturing and is among India's top ethanol producers. It harnesses power from bagasse, a byproduct of its sugar mills, and also creates eco-friendly medium-density fibre boards and particle boards using this waste. Medium-density fibre boards and particle boards serve as excellent alternatives to wood in construction and furnishing, offering valuable sustainability.

Bajaj Sugar generates various by-products during its sugar production such as molasses, fly ash and press mud. With sugarcane crushing facilities and industrial alcohol distilleries spread across Uttar Pradesh, the company also operates co-generation power plants. These plants convert bagasse from sugar production into electricity, used internally to power their facilities. The surplus power is sold by the company to the state grid.

Bajaj Sugar has had many significant acquisitions over the years. In 1988, Hindusthan Sugar Mills Limited underwent a name change, rebranding itself as Bajaj Hindusthan Sugar Limited (BHSL). Two years later, the company integrated Sharda Sugar & Industries Limited.

The company went through a rapid phase of expansion in the 2000s. From 2003 to 2007, Bajaj Sugar established eight plants in UP. The company’s total cane crushing capacity after this phase of expansion stood at 96,000 TCD.

The company expanded its portfolio by acquiring Pratappur Sugar and Industries Limited (PSIL) in UP's Deoria district in 2005. Operating since 1903, PSIL was among Asia’s oldest plants, originally with a crushing capacity of 3,200 TCD. Following the acquisition, its capacity doubled to 6,000 TCD within a year. Pratappur Sugar was then renamed Bajaj Hindusthan Sugar and Industries Limited (BHSIL) and became a subsidiary of BHSL. The merger between BHSIL and BHSL was completed in 2010. Currently, BHSL impacts over 5,00,000 farmers in Uttar Pradesh alone.

Bajaj Sugar operates 14 sugar plants with a combined sugarcane crushing capacity of 136,000 TCD (tonnes crushed per day). It manages six distilleries capable of producing 800 kiloliters of Industrial Alcohol daily. Moreover, the company operates fourteen co-generation plants, boasting a collective power generation capacity of 449 MW.

Bajaj Sugar has many subsidiaries such as Bajaj Aviation Private Limited (BAPL) and Bajaj Power Generation Private Limited (BPGPL). In both these companies, Bajaj Sugar has a 100% holding. The company has two wholly-owned subsidiaries in Indonesia, PT Jangkar Prima and PT Batu Bumi Persada.

Financial highlights

Bajaj Sugar’s revenue from operations for FY23 stood at ₹6,338 crore, up 13.7% from ₹5,576 crore in FY22. The company recorded a Loss of ₹135 crore in FY23 against the loss of ₹268 crore in FY22. The earnings per share (EPS) stood at negative ₹1.08 in FY23 compared to negative ₹2.23 in the previous financial year.

Bajaj Hindusthan Sugar Key indicators

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52 week high

₹40.50

52 week low

₹13.35

P/E ratio

P/B ratio

0.9

ROE

-4.01%

ROCE

0.72%

Dividend yield

--

Debt/Equity ratio

0.94

EPS

-1.19

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Investment checklist: (2/6)

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

100%

Hold

0%

Sell

0%

This analysis is based on the reviews of 1 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

4.31%

Net profit margin

-2.34%

ROE

-4.01%

ROA

-1.02%

ROCE

0.72%

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Bajaj Hindusthan Sugar Shareholder returns

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1 day

+0.93%

1 week

-0.91%

1 month

-3.68%

3 months

-12.33%

1 year

+143.12%

3 years

+186.84%

5 years

+255.43%

Revenue statement

All values are in ₹ Crores (Cr)
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Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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Bajaj Hindusthan Sugar Share Price history

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DayOpenCloseDay’s change
Fri, May 24 2024
₹32.50
₹32.70
+0.93%
Thu, May 23 2024
₹32.55
₹32.40
-0.46%
Wed, May 22 2024
₹32.80
₹32.55
-0.46%
Tue, May 21 2024
₹33.60
₹32.70
-2.24%
Sat, May 18 2024
₹33.00
₹33.45
+1.36%
Fri, May 17 2024
₹31.95
₹33.00
+3.13%
Thu, May 16 2024
₹32.50
₹32.00
-0.78%
Wed, May 15 2024
₹32.70
₹32.25
-0.92%

Shareholding info

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Promoters (24.95%)

Mutual Funds (0.1%)

Retail and other (63.87%)

Foreign institutions-FII (2.57%)

Other domestic institutions (8.5%)

Retail and other

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Frequently asked questions