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Last Updated: April 2, 2026, 2:40 am
Author: Getaka|Social: XLinkedIn

Bajaj Hindusthan Sugar Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1.97Overvalued by 88.41%vs CMP ₹17.00

P/E (15.0) × ROE (0.5%) × BV (₹29.80) × DY (2.00%)

Defaults: P/E=15

₹9.08Overvalued by 46.59%vs CMP ₹17.00
MoS: -87.2% (Negative)Confidence: 44/100 (Low)Models: 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2.4139%Over (-85.8%)
Net Asset ValueAssets₹16.0524%Fair (-5.6%)
EV/EBITDAEnterprise₹11.6520%Over (-31.5%)
Revenue MultipleRevenue₹11.7718%Over (-30.8%)
Consensus (4 models)₹9.08100%Overvalued
Key Drivers: ROE 0.5% is below cost of equity. | Wide model spread (₹2–₹16) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 22.4% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

35
Bajaj Hindusthan Sugar Ltd scores 35/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health23/100 · Weak
ROCE 1.2% WeakROE 0.5% WeakD/E 2.17 High debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 25.0% 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 Rank20/100 · Weak
ROCE 1.2% vs industry 8.6% Below peersROE 0.5% vs industry 7.9% Below 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. Not investment advice.

Bajaj Hindusthan Sugar Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 20.7 | ROCE 1.2% | ROE 0.5% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 2.17x | IntCov 0.0x | Current 1.10x | Borrow/Reserve 0.90x
Cash Flow Reliability
100/100
Strong
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-25 Cr | CFO/NP N/A
Ownership Accumulation
-50
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.03 pp | DII -0.01 pp | Prom 0.00 pp
Business Momentum
-19
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -7.3% | Q NP +39.7% | Q OPM -3.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-46.6%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.90xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.03 ppLatest FII% minus previous FII%
DII Change-0.01 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-10,999Latest shareholder count minus previous count
Quarterly Sales Change-7.3%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+39.7%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-3.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:40 am

Market Cap 4,026 Cr.
Current Price 17.0
Intrinsic Value₹9.08
High / Low 29.6/14.8
Stock P/E
Book Value 29.8
Dividend Yield0.00 %
ROCE1.15 %
ROE0.54 %
Face Value 1.00
PEG Ratio0.00

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 4,026 Cr. 17.0 29.6/14.8 29.80.00 %1.15 %0.54 % 1.00
Bannari Amman Sugars Ltd 4,578 Cr. 3,651 4,675/2,91532.4 1,4530.34 %8.68 %6.04 % 10.0
Dalmia Bharat Sugar & Industries Ltd 3,104 Cr. 383 465/2619.16 3991.56 %9.48 %12.4 % 2.00
Piccadily Agro Industries Ltd 5,337 Cr. 541 806/48340.2 81.70.00 %22.7 %20.1 % 10.0
Shree Renuka Sugars Ltd 5,979 Cr. 28.1 35.8/22.8 10.90.00 %10.6 %% 1.00
Industry Average2,024.68 Cr265.4020.73225.550.76%8.62%7.89%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

Balance Sheet

Last Updated: December 4, 2025, 1:00 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6481108110110110110110124124124124128
Reserves 2,3051,4393,4703,3552,8322,6822,5872,2622,1354,3004,3514,0973,673
Borrowings 6,2757,2856,9147,0106,7966,0265,4935,4094,8174,3033,8403,5753,313
Other Liabilities 3,7073,0013,0953,8614,3124,9875,3585,3545,9747,2127,5917,4885,380
Total Liabilities 12,35011,80613,58814,33714,04913,80613,54813,13613,05015,93915,90615,28412,494
Fixed Assets 5,0594,9447,9747,7367,5437,3977,1946,9936,8057,8007,5827,3267,221
CWIP 17182946752653358581315
Investments 2,3342,4511,3021,2781,2251,1911,1361,0851,9184,4804,5964,2693,334
Other Assets 4,9404,3934,2835,2775,2065,1925,1655,0224,3183,6543,7203,6771,923
Total Assets 12,35011,80613,58814,33714,04913,80613,54813,13613,05015,93915,90615,28412,494

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1,063-3653797009531,118910332619792646280
Cash from Investing Activity + -4,185-179-2-14-29-4-21221312-320
Cash from Financing Activity + 2,741476-386-707-918-1,098-839-384-654-833-615-281
Net Cash Flow -380-68-9-2061650-30-22-292919
Free Cash Flow -2,662-3723676759201,109882339613786638291
CFO/OP -1,096%224%48%83%338%377%201%204%357%301%259%97%

Free Cash Flow

MonthMar 2014n n n 18mMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-97.00-175.00779.00844.00266.00291.00449.00158.00168.00259.00246.00287.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

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

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 24.96%24.96%24.96%24.96%24.96%24.96%24.96%24.96%24.96%24.96%24.96%24.96%
FIIs 1.69%1.60%1.64%1.80%2.57%2.63%4.32%3.41%2.61%2.16%1.89%1.86%
DIIs 15.27%15.26%12.41%9.45%8.60%8.43%8.14%8.08%8.10%8.12%7.84%7.83%
Public 57.94%58.05%60.87%63.67%63.73%63.84%62.46%63.42%64.20%64.64%65.18%65.23%
Others 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 4,60,7994,51,0995,12,1555,56,6506,35,4486,73,5857,45,3367,88,7438,01,0567,89,1527,81,5687,70,569

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. 5544.35 Cr. and Equity Capital is Rs. 124.45 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
SugarSugar mills, Distillery & Co-Generation: Kheri District Uttar Pradesh 262802Contact not found
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

FAQ

What is the intrinsic value of Bajaj Hindusthan Sugar Ltd and is it undervalued?

As of 05 April 2026, Bajaj Hindusthan Sugar Ltd's intrinsic value is ₹9.08, which is 46.59% lower than the current market price of ₹17.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.54 %), book value (₹29.8), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bajaj Hindusthan Sugar Ltd?

Bajaj Hindusthan Sugar Ltd is trading at ₹17.00 as of 05 April 2026, with a FY2026-2027 high of ₹29.6 and low of ₹14.8. The stock is currently near its 52-week low. Market cap stands at ₹4,026 Cr..

How does Bajaj Hindusthan Sugar Ltd's P/E ratio compare to its industry?

Bajaj Hindusthan Sugar Ltd has a P/E ratio of , which is below the industry average of 20.73. This is broadly in line with or below the industry average.

Is Bajaj Hindusthan Sugar Ltd financially healthy?

Key indicators for Bajaj Hindusthan Sugar Ltd: ROCE of 1.15 % is on the lower side compared to the industry average of 8.62%; ROE of 0.54 % is below ideal levels (industry average: 7.89%). Dividend yield is 0.00 %.

Is Bajaj Hindusthan Sugar Ltd profitable and how is the profit trend?

Bajaj Hindusthan Sugar Ltd reported a net profit of ₹-25 Cr in Mar 2025 on revenue of ₹5,575 Cr. Compared to ₹-268 Cr in Mar 2022, the net profit shows a mixed trend.

Does Bajaj Hindusthan Sugar Ltd pay dividends?

Bajaj Hindusthan Sugar Ltd has a dividend yield of 0.00 % at the current price of ₹17.00. The company is currently not paying meaningful dividends.

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
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