Bajaj Hindusthan Sugar Ltd

₹ 34.6 2.77%

03 Dec - 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 ₹ 4,412 Cr.
Current Price ₹ 34.6
High / Low ₹ 46.1 / 24.8
Stock P/E
Book Value ₹ 33.9
Dividend Yield 0.00 %
ROCE 0.80 %
ROE -1.90 %
Face Value ₹ 1.00

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Pros

Stock is trading at 1.02 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -2.15% over past five years.
Promoter holding is low: 25.0%
Company has a low return on equity of -4.75% over last 3 years.
Contingent liabilities of Rs.1,478 Cr.
Promoters have pledged 100% of their holding.

* 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

Sector: Sugar Industry: Sugar

Part of Nifty Total Market Nifty Microcap 250 BSE Fast Moving Consumer Goods BSE SmallCap BSE Allcap

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	1,344	1,257	1,622	1,530	1,323	1,431	2,054	1,360	1,133	1,741	1,870	1,386	1,160
	1,343	1,310	1,467	1,497	1,406	1,343	1,829	1,338	1,189	1,630	1,701	1,358	1,159
Operating Profit	1	-53	154	33	-83	88	225	22	-55	111	170	28	1
OPM %	0%	-4%	10%	2%	-6%	6%	11%	2%	-5%	6%	9%	2%	0%
	3	4	13	8	7	3	5	3	30	4	4	-6	3
Interest	63	62	59	33	32	95	50	45	42	39	37	29	26
Depreciation	54	54	53	53	54	54	53	55	56	56	55	54	54
Profit before tax	-113	-165	56	-45	-162	-58	127	-75	-123	20	82	-62	-76
Tax %	0%	0%	-7%	0%	0%	0%	-3%	-0%	-0%	-0%	-10%	9%	-0%
	-113	-165	60	-45	-162	-58	131	-75	-123	20	91	-67	-76
EPS in Rs	-0.88	-1.29	0.47	-0.35	-1.27	-0.46	1.02	-0.58	-0.96	0.16	0.71	-0.52	-0.59
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2012	Mar 2014 18m	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	4,344	6,645	4,535	4,690	4,399	5,847	6,806	6,669	6,666	5,576	6,338	6,104	6,156
	3,885	6,742	4,704	3,906	3,548	5,575	6,510	6,216	6,503	5,403	6,075	5,855	5,847
Operating Profit	459	-97	-168	785	851	272	297	454	163	172	263	249	309
OPM %	11%	-1%	-4%	17%	19%	5%	4%	7%	2%	3%	4%	4%	5%
	202	96	124	90	96	101	96	11	22	25	22	40	6
Interest	667	1,129	889	848	802	680	322	301	264	254	210	162	131
Depreciation	362	556	258	242	243	197	204	216	216	215	213	222	219
Profit before tax	-368	-1,686	-1,191	-216	-98	-505	-134	-52	-294	-272	-138	-95	-35
Tax %	-25%	1%	0%	-2%	-6%	-1%	2%	-5%	-1%	-1%	-2%	-9%
	-321	-1,626	-1,192	-212	-92	-500	-137	-50	-291	-268	-135	-87	-32
EPS in Rs	-5.01	-25.41	-14.72	-1.90	-0.81	-4.41	-1.20	-0.44	-2.57	-2.09	-1.05	-0.68	-0.24
Dividend Payout %	-2%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-1%
5 Years:	-2%
3 Years:	-3%
TTM:	3%

Compounded Profit Growth
10 Years:	7%
5 Years:	7%
3 Years:	20%
TTM:	84%

Stock Price CAGR
10 Years:	6%
5 Years:	41%
3 Years:	37%
1 Year:	4%

Return on Equity
10 Years:	-10%
5 Years:	-5%
3 Years:	-5%
Last Year:	-2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	64	64	81	108	110	110	110	110	110	124	124	124	124
Reserves	3,927	2,305	1,439	3,470	3,355	2,832	2,682	2,587	2,262	2,135	4,300	4,351	4,209
	8,513	6,275	7,285	6,914	7,010	6,796	6,026	5,493	5,409	4,817	4,303	3,840	3,570
	1,909	3,707	3,001	3,095	3,861	4,312	4,987	5,358	5,354	5,974	7,212	7,591	5,683
Total Liabilities	14,412	12,350	11,806	13,588	14,337	14,049	13,806	13,548	13,136	13,050	15,939	15,906	13,587
	5,500	5,059	4,944	7,974	7,736	7,543	7,397	7,194	6,993	6,805	7,800	7,582	7,426
CWIP	1,819	17	18	29	46	75	26	53	35	8	5	8	9
Investments	1,223	2,334	2,451	1,302	1,278	1,225	1,191	1,136	1,085	1,918	4,480	4,596	4,596
	5,870	4,940	4,393	4,283	5,277	5,206	5,192	5,165	5,022	4,318	3,654	3,720	1,556
Total Assets	14,412	12,350	11,806	13,588	14,337	14,049	13,806	13,548	13,136	13,050	15,939	15,906	13,587

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-559	1,063	-365	379	700	953	1,118	910	332	619	792	644
	-2,605	-4,185	-179	-2	-14	-29	-4	-21	22	13	12	-0
	2,951	2,741	476	-386	-707	-918	-1,098	-839	-384	-654	-833	-615
Net Cash Flow	-213	-380	-68	-9	-20	6	16	50	-30	-22	-29	29

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	16	12	13	22	12	11	11	9	12	14	8	9
Inventory Days	61	170	192	206	366	212	175	182	169	228	184	204
Days Payable	26	179	246	235	339	251	264	299	297	340	321	272
Cash Conversion Cycle	51	3	-41	-7	39	-29	-78	-107	-116	-98	-129	-59
Working Capital Days	63	17	79	62	37	32	-3	-11	-5	-81	-134	-156
ROCE %	2%	-5%	-4%	7%	7%	2%	2%	3%	-0%	-0%	1%	1%

Shareholding Pattern

Numbers in percentages

2 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	24.95%	24.95%	24.95%	24.96%	24.96%	24.96%	24.96%	24.96%	24.96%	24.96%	24.96%	24.96%
	0.94%	1.20%	1.38%	1.59%	1.60%	1.69%	1.60%	1.64%	1.80%	2.57%	2.63%	4.32%
	26.49%	21.54%	19.05%	15.64%	15.27%	15.27%	15.26%	12.41%	9.45%	8.60%	8.43%	8.14%
	47.48%	52.17%	54.48%	57.67%	58.03%	57.94%	58.05%	60.87%	63.67%	63.73%	63.84%	62.46%
	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%
No. of Shareholders	3,30,090	4,07,209	4,22,114	4,48,507	4,64,064	4,60,799	4,51,099	5,12,155	5,56,650	6,35,448	6,73,585	7,45,336

	Feb 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	26.41%	26.02%	15.43%	15.43%	15.43%	15.43%	24.95%	24.96%	24.96%	24.96%
	0.00%	3.86%	4.31%	3.82%	2.25%	0.14%	1.20%	1.69%	2.57%	4.32%
	51.23%	39.65%	45.26%	44.10%	43.93%	39.90%	21.54%	15.27%	8.60%	8.14%
	22.21%	30.32%	34.83%	36.49%	38.23%	44.36%	52.17%	57.94%	63.73%	62.46%
	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.14%	0.14%	0.14%	0.14%
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	7,45,336

* 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

Shareholding Pattern

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