Bajaj Hindusthan Sugar Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹37.47Undervalued by 54.83%vs CMP ₹24.20

P/E (44.7) × ROE (24.4%) × BV (₹4.21) × DY (2.00%)

₹34.21Undervalued by 41.36%vs CMP ₹24.20
MoS: +29.3% (Adequate)Confidence: 23/100 (Low)Models: 1 Under, 1 Fair, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹45.8757%Under (+89.5%)
EV/EBITDAEnterprise₹25.3723%Fair (+4.8%)
Revenue MultipleRevenue₹11.6420%Over (-51.9%)
Consensus (3 models)₹34.21100%Undervalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 22.4%

*Investments are subject to market risks

Analyst Summary

Bajaj Hindusthan Sugar Ltd operates in the Sugar segment, current market price is ₹24.20, market cap is 5,793 Cr.. At a glance, stock P/E is 44.7, ROE is 24.4 %, ROCE is 3.11 %, book value is 4.21, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹34.21, which is about 41.4% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹5,575 Cr versus the prior period change of -8.7%, while latest net profit is about ₹-25 Cr with a prior-period change of 71.3%. The 52-week range shown on this page is 26.0/14.8, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisBajaj Hindusthan Sugar Ltd. is a Public Limited Listed company incorporated on 24/11/1931 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(…

This summary is generated from the stock page data available for Bajaj Hindusthan Sugar Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

42
Bajaj Hindusthan Sugar Ltd scores 42/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health31/100 · Weak
ROCE 3.1% WeakROE 24.4% ExcellentD/E 2.17 High debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 42.83% MF buyingPromoter holding at 13.3% Stable
Earnings Quality60/100 · Moderate
OPM stable around 5% SteadyWorking capital: -179 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -12% YoY DecliningOPM: -5.0% (down 5.0% YoY) Margin pressure
Industry Rank40/100 · Moderate
P/E 44.7 vs industry 30.1 In-lineROCE 3.1% vs industry 8.2% Below peersROE 24.4% vs industry 8.1% Above peers3Y sales CAGR: 0% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 5:10 am

Market Cap 5,793 Cr.
Current Price 24.2
Intrinsic Value₹34.21
High / Low 26.0/14.8
Stock P/E44.7
Book Value 4.21
Dividend Yield0.00 %
ROCE3.11 %
ROE24.4 %
Face Value 1.00
PEG Ratio1.99

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bajaj Hindusthan Sugar Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Bajaj Hindusthan Sugar Ltd 5,793 Cr. 24.2 26.0/14.844.7 4.210.00 %3.11 %24.4 % 1.00
Shree Renuka Sugars Ltd 5,421 Cr. 25.5 33.5/21.0 12.60.00 %3.12 %% 1.00
Triveni Engineering & Industries Ltd 6,549 Cr. 297 315/19125.0 1530.93 %9.02 %8.68 % 1.00
Bannari Amman Sugars Ltd 5,013 Cr. 3,998 4,345/2,91541.2 1,5260.31 %9.32 %8.01 % 10.0
Piccadily Agro Industries Ltd 6,707 Cr. 680 810/51547.7 91.40.15 %18.0 %17.4 % 10.0
Industry Average2,154.54 Cr322.5430.12223.600.50%8.22%8.13%6.37

All Competitor Stocks of Bajaj Hindusthan Sugar Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 1,3231,4312,0541,3601,1331,7411,8701,3861,1601,4761,5541,2481,157
Expenses 1,4061,3431,8291,3381,1891,6301,7011,3581,1591,5001,2681,2751,211
Operating Profit -838822522-55111170281-24286-27-54
OPM % -6%6%11%2%-5%6%9%2%0%-2%18%-2%-5%
Other Income 73533044-6301135
Interest 329550454239372926242463
Depreciation 54545355565655545454535454
Profit before tax -162-58127-75-1232082-62-76-102220-83-106
Tax % 0%0%-3%-0%-0%-0%-10%9%-0%-0%-0%110%-0%
Net Profit -162-58131-75-1232091-67-76-102220-174-105
EPS in Rs -1.27-0.461.02-0.58-0.960.160.71-0.52-0.59-0.801.72-1.36-0.82

Last Updated: January 2, 2026, 8:31 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 23, 2026, 1:30 am

MetricMar 2014n n n 18mMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6,6454,5354,6904,3995,8476,8066,6696,6665,5766,3386,1045,5755,340
Expenses 6,7424,7043,9063,5485,5756,5106,2166,5035,4036,0755,8555,2855,062
Operating Profit -97-168785851272297454163172263249290278
OPM % -1%-4%17%19%5%4%7%2%3%4%4%5%5%
Other Income 961249096101961122252240822
Interest 1,12988984880268032230126425421016210339
Depreciation 556258242243197204216216215213222216215
Profit before tax -1,686-1,191-216-98-505-134-52-294-272-138-95-2046
Tax % 1%0%-2%-6%-1%2%-5%-1%-1%-2%-9%24%
Net Profit -1,626-1,192-212-92-500-137-50-291-268-135-87-25-44
EPS in Rs -25.41-14.72-1.90-0.81-4.41-1.20-0.44-2.57-2.09-1.05-0.68-0.18-0.34
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)82.21%56.60%-443.48%72.60%63.50%-482.00%7.90%49.63%35.56%71.26%
Change in YoY Net Profit Growth (%)0.00%-25.61%-500.08%516.08%-9.10%-545.50%489.90%41.72%-14.07%35.71%

Bajaj Hindusthan Sugar Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:-4%
3 Years:0%
TTM:-11%
Compounded Profit Growth
10 Years:7%
5 Years:9%
3 Years:24%
TTM:-95%
Stock Price CAGR
10 Years:5%
5 Years:30%
3 Years:22%
1 Year:-47%
Return on Equity
10 Years:-6%
5 Years:-5%
3 Years:-2%
Last Year:-1%

Last Updated: September 5, 2025, 12:20 am

No data available for the Balance Sheet data table.

Reserves and Borrowings Chart

Cash Flow

MonthMar 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 Activity + 476-386-707-918-1,098-839-384-654-833-615-281-776
Net Cash Flow -68-9-2061650-30-22-29291916
Free Cash Flow -3723676759201,109882339613786638291113
CFO/OP 224%48%83%338%377%201%204%357%301%259%98%65%

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 12132212111191214897
Inventory Days 170192206366212175182169228184204223
Days Payable 179246235339251264299297340321270295
Cash Conversion Cycle 3-41-739-29-78-107-116-98-129-56-65
Working Capital Days -15267621722-4-12-38-119-160-175-179
ROCE %-5%-4%7%7%2%2%3%-0%-0%1%1%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 24.96%24.96%24.96%24.96%24.96%24.96%24.96%24.96%24.96%24.96%13.42%13.33%
FIIs 1.64%1.80%2.57%2.63%4.32%3.41%2.61%2.16%1.89%1.86%1.14%1.14%
DIIs 12.41%9.45%8.60%8.43%8.14%8.08%8.10%8.12%7.84%7.83%50.41%50.67%
Public 60.87%63.67%63.73%63.84%62.46%63.42%64.20%64.64%65.18%65.23%34.95%34.78%
Others 0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.07%0.07%
No. of Shareholders 5,12,1555,56,6506,35,4486,73,5857,45,3367,88,7438,01,0567,89,1527,81,5687,70,5697,65,3007,54,171

Shareholding Pattern Chart

No. of Shareholders

Bajaj Hindusthan Sugar Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund 890,732 0.49 2.81890,7322025-04-22 17:14:490%
Samco Active Momentum Fund 360,000 0.24 1.14360,0002025-04-22 17:14:490%
Groww Nifty Total Market Index Fund 2,280 0.02 0.012,2802025-04-22 17:14:490%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) -0.19-0.69-1.08-2.23-2.64
Diluted EPS (Rs.) -0.19-0.69-1.08-2.23-2.64
Cash EPS (Rs.) 1.531.090.63-0.42-0.68
Book Value[Excl.RevalReserv]/Share (Rs.) 33.1235.2434.9017.4820.22
Book Value[Incl.RevalReserv]/Share (Rs.) 33.1235.2434.9017.4820.22
Revenue From Operations / Share (Rs.) 44.8049.0550.9344.8060.56
PBDIT / Share (Rs.) 2.472.322.291.631.69
PBIT / Share (Rs.) 0.740.530.57-0.09-0.27
PBT / Share (Rs.) -0.08-0.76-1.11-2.18-2.67
Net Profit / Share (Rs.) -0.19-0.69-1.08-2.15-2.64
NP After MI And SOA / Share (Rs.) -0.18-0.69-1.08-2.15-2.64
PBDIT Margin (%) 5.524.734.493.642.78
PBIT Margin (%) 1.651.091.13-0.20-0.45
PBT Margin (%) -0.19-1.55-2.17-4.86-4.40
Net Profit Margin (%) -0.44-1.42-2.12-4.79-4.36
NP After MI And SOA Margin (%) -0.42-1.41-2.12-4.79-4.36
Return on Networth / Equity (%) -0.57-1.97-3.10-12.29-13.06
Return on Capital Employeed (%) 1.010.700.74-0.15-0.38
Return On Assets (%) -0.15-0.54-0.84-2.05-2.21
Long Term Debt / Equity (X) 0.860.810.881.952.16
Total Debt / Equity (X) 0.860.870.992.212.17
Asset Turnover Ratio (%) 0.350.380.440.410.49
Current Ratio (X) 0.570.560.551.031.10
Quick Ratio (X) 0.130.130.130.560.61
Inventory Turnover Ratio (X) 2.061.861.901.742.02
Interest Coverage Ratio (X) 2.991.791.360.800.70
Interest Coverage Ratio (Post Tax) (X) 0.840.460.35-0.02-0.10
Enterprise Value (Cr.) 5938.477410.425893.256528.195421.41
EV / Net Operating Revenue (X) 1.071.210.921.170.81
EV / EBITDA (X) 19.3025.6220.6732.1129.22
MarketCap / Net Operating Revenue (X) 0.430.590.250.310.10
Price / BV (X) 0.580.820.370.810.30
Price / Net Operating Revenue (X) 0.430.590.250.310.10
EarningsYield -0.01-0.02-0.08-0.15-0.42

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bajaj Hindusthan Sugar Ltd. is a Public Limited Listed company incorporated on 24/11/1931 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L15420UP1931PLC065243 and registration number is 065243. Currently Company is involved in the business activities of Manufacture or refining of sugar (sucrose) from sugercane. Company's Total Operating Revenue is Rs. 5420.17 Cr. and Equity Capital is Rs. 237.21 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
SugarSugar mills, Distillery & Co-Generation: Kheri District Uttar Pradesh 262802investor.complaints@bajajhindusthan.com
http://www.bajajhindusthan.com
Management
NamePosition Held
Mr. Kushagra BajajChairman & Non-Exe.Director
Mr. Ajay Kumar SharmaManaging Director
Mr. Shyam Sunder JangidIndependent Director
Mrs. Shalu BhandariIndependent Director
Mr. Atul Hasmukhrai MehtaIndependent Director
Mr. Vinod C SampatIndependent Director
Mr. Ramani Ranjan MishraNominee Director
Mr. Satish Kumar NagpalNominee Director

Source: Dion Global via Financial Express

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Last Updated: August 25, 2026, 5:10 am
Author: Getaka|Social: XLinkedIn
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bajaj Hindusthan Sugar Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE