Bajaj Hindusthan Sugar LT
NSE: BAJAJHIND · Sugar · sector
₹17.58NSE close 2026-10-26
Key numbers
Market cap₹2,606 cr
Price₹17.58
52w high / low₹26 / ₹15
P/E12.9xSector median 12.9x
P/B0.7xSector median 0.9x
Book value₹25.7
Dividend yield–Sector median 0.91%
ROE2.9%Sector median 6.3%
ROCE0.8%Sector median 6.8%
OPM4.8%Sector median 6.0%
Debt / equity0.93xSector median 0.72x
EV/EBITDA23.4xSector median 11.8x
Interest cover1.6x
Current ratio0.55x
Sales growth 3y-4.9%Sector median -1.4%
Profit growth 3y–Sector median -11.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 35 companies in Sugar (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹88 cr vs borrowings ₹3,545 cr (FY26): borrowings are higher by ₹3,457 cr.
- Borrowings fell in each of the last 3 years (₹4,301 cr → ₹3,545 cr).
- Operating profit covered interest 1.6x in the last 12 months.
- 99.44% of the promoters' shares are pledged (13.3% of all shares).
- Promoter holding fell by 11.62 percentage points in a year, to 13.33% (2026-09-30).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 5 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 18% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹17.58 on 2026-10-26: -32.4% from the 52-week high, +18.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹42.72 · low ₹15.32
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,160 | 1,476 | 1,554 | 1,248 | 1,157 | 1,380 | 1,669 | 1,126 |
| EBITDA | 1 | -24 | 286 | -27 | -54 | 73 | 359 | -120 |
| OPM % | 0.1% | -1.7% | 18.4% | -2.2% | -4.7% | 5.3% | 21.5% | -10.6% |
| Other income | 4 | 1 | 9 | 3 | 5 | 3 | 11 | 2 |
| Net profit | -75 | -102 | 220 | -174 | -105 | 15 | 391 | -185 |
| EPS (₹) | 0.00 | -0.82 | 1.77 | -1.40 | -0.83 | 0.12 | 2.30 | -0.23 |
| Revenue YoY | -0.2% | -6.5% | +7.4% | -9.8% | ||||
| Profit YoY | – | – | +77.4% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 5,576 | 6,338 | 6,104 | 5,575 | 5,455 | 5,332 |
| EBITDA | 165 | 263 | 247 | 290 | 352 | 259 |
| Net profit | -268 | -135 | -86 | -24 | 127 | 116 |
| EPS (₹) | -2.23 | -1.08 | -0.69 | -0.05 | 0.93 | 1.36 |
| Revenue growth | +13.7% | -3.7% | -8.7% | -2.2% | -1.9% | |
| Profit growth | – | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -4.9% | -3.9% | -1.9% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -26.3% (2y) | -10.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 4,424 | 4,475 | 4,222 | 3,811 |
| Borrowings | – | 4,301 | 3,840 | 3,575 | 3,545 |
| Cash & equivalents | – | 23 | 52 | 74 | 88 |
| Total assets | – | 15,939 | 15,906 | 15,284 | 14,304 |
| Fixed assets | – | 7,800 | 7,582 | 7,325 | 7,136 |
| Capital work in progress | – | 5 | 8 | 13 | 41 |
| Investments | – | 4,480 | 4,596 | 4,269 | 3,569 |
| Receivables | – | 141 | 156 | 108 | 99 |
| Inventory | – | 2,613 | 2,721 | 2,680 | 2,425 |
| Payables | – | 4,556 | 3,630 | 3,545 | 3,197 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 619 | 792 | 644 | 280 | 230 |
| Cash from investing | 2 | 12 | -0 | 20 | 562 |
| Cash from financing | -643 | -833 | -615 | -281 | -776 |
| Capex | 9 | 6 | 8 | 21 | 116 |
| Free cash flow | 611 | 786 | 635 | 260 | 113 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -3.0% | -1.9% | -0.6% | 3.3% |
| ROCE % | – | 0.8% | 0.8% | 1.2% | 2.2% |
| Debtor days | – | 8 | 9 | 7 | 7 |
| Inventory days | – | 184 | 204 | 223 | 203 |
| Payable days | – | 321 | 272 | 295 | 267 |
| Cash conversion cycle (days) | – | -129 | -59 | -65 | -57 |
| Working capital days | – | -158 | -170 | -174 | -183 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 13.33% |
| FIIs | 1.11% |
| DIIs | 50.59% |
| of which Mutual funds | 0.00% |
| of which Insurance | 1.64% |
| Government | 0.00% |
| Public (non-institutions) | 34.89% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 24.95% | 24.95% | 24.95% | 24.95% | 13.64% | 13.43% | 13.33% | 13.33% |
| Promoter group | % |
|---|---|
| Kushagra Bajaj | 4.02% |
| Bajaj Resources Pvt. Ltd | 3.68% |
| SKB Roop Commercial LLP | 2.53% |
| Bajaj International Realty Pvt. Ltd. | 1.16% |
| A N Bajaj Enterprises Private Limited | 0.77% |
| Shishirkumar Bajaj | 0.35% |
| Minakshi Bajaj | 0.18% |
| Shishir Bajaj (AS Karta of Shishir Bajaj HUF) | 0.16% |
| Bajaj Capital Ventures Private Limited | 0.09% |
| Shishirkumar Bajaj & Kushagra Bajaj (AS Trustees of BHL Employees General Medical AID Fund) | 0.09% |
| Shishirkumar Bajaj & Kushagra Bajaj (AS Trustees of BHL Employees Family Planning Welfare Fund) | 0.07% |
| Shishirkumar Bajaj & Kushagra Bajaj (AS Trustees of BHL EMP. Sports&cultural Activities WEL. Fund) | 0.07% |
| Shishirkumar Bajaj & Kushagra Bajaj (AS Trustees of BHL Managerial Staff Medical AID Fund) | 0.07% |
| Shishirkumar Bajaj & Kushagra Bajaj (AS Trustees of BHL Employees Educational Welfare Fund) | 0.07% |
| Apoorva Bajaj | 0.01% |
| Public holders above 1% | % |
|---|---|
| State Bank of India | 11.51% |
| Punjab National Bank | 10.69% |
| Indian Bank | 4.90% |
| Central Bank of India | 3.84% |
| Canara Bank | 3.67% |
| Bank of Maharashtra | 3.50% |
| IDBI Bank Limited | 3.42% |
| Indian Overseas Bank | 2.05% |
| Union Bank of India | 1.85% |
| UCO Bank | 1.62% |
| Life Insurance Corporation of India | 1.55% |
| Bank of Baroda | 1.19% |
7,67,202 shareholders. Pledged: 99.44% of promoter shares.
Peers in Sugar
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BALRAMCHIN | ₹13,212 cr | 34.1x | 3.2x | 9.3% | 8.1% | 11.3% | +10.4% | 0.53% |
| TRIVENI | ₹4,979 cr | 17.7x | 1.5x | 8.7% | 8.3% | 7.0% | +6.5% | 1.75% |
| BANARISUG | ₹4,029 cr | 33.1x | 2.1x | 6.6% | 7.3% | 9.3% | -8.8% | 0.39% |
| RENUKA | ₹3,858 cr | – | – | – | -2.7% | 0.3% | +0.5% | – |
| DALMIASUG | ₹3,357 cr | 16.5x | 1.0x | 6.3% | 7.0% | 10.8% | +3.6% | 1.45% |
| BAJAJHIND | ₹2,606 cr | 12.9x | 0.7x | 2.9% | 0.8% | 4.8% | -4.9% | – |
| AVADHSUGAR | ₹1,627 cr | 24.7x | 1.4x | 5.9% | 6.8% | 8.2% | -1.3% | 1.23% |
| UTTAMSUGAR | ₹1,179 cr | 13.6x | 1.3x | 10.4% | 10.2% | 9.3% | +2.3% | 0.87% |
| DHAMPURSUG | ₹1,095 cr | 15.6x | 0.9x | 6.0% | 6.8% | 6.4% | -0.8% | 0.02% |
| DBOL | ₹806 cr | 9.5x | 0.8x | 8.2% | 5.4% | 4.2% | +5.7% | 1.02% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Sugar | ₹5,824 cr | 80.1% | ₹60 cr | 1.0% |
| Power | ₹842 cr | 11.6% | ₹56 cr | 6.6% |
| Distillery | ₹568 cr | 7.8% | ₹73 cr | 12.8% |
| Others | ₹38 cr | 0.5% | ₹-10 cr | -27.5% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-06-20 | Other | Annual General Meeting |
| 2023-06-27 | Other | Annual General Meeting |
| 2022-09-15 | Other | Annual General Meeting |
| 2021-09-02 | Other | Annual General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-12 | Other | Annual General Meeting |
| 2018-09-12 | Other | Annual General Meeting |
| 2017-09-07 | Other | Annual General Meeting |
| 2016-09-08 | Other | Annual General Meeting |
| 2015-09-04 | Other | Annual General Meeting |
| 2014-07-31 | Other | Annual General Meeting |
| 2013-01-31 | Dividend | Annual General Meeting/Dividend Re 0.10 Per Share |
| 2012-02-02 | Dividend | Annual General Meeting/Dividend Re 0.40 Per Share |
| 2011-09-21 | Rights | Rights 2:1 @ Premium Rs.35/- Per Share |
| 2011-03-10 | Dividend | Annual General Meeting And Dividend Of Re. 0.70 Per Share. |
| 2010-03-11 | Other | Agm/Div-Re.0.70 Per Share |
| 2009-03-12 | Dividend | Agm/Dividend - 60% |
| 2008-02-14 | Dividend | Agm/Dividend - 60% |
| 2007-03-15 | Dividend | Agm/Dividend-60% |
| 2006-03-16 | Dividend | Agm/Dividend-50% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Sugar
- Manufacturing: Industrial Alcohol
- Manufacturing: Power based on bagasse
| Sector | Fast Moving Consumer Goods |
| Industry | Sugar |
| Sub-industry | Sugar |
| Symbol | BAJAJHIND |
| BSE code | 500032 |
| ISIN | INE306A01021 |
| Face value | ₹1.0 |
| Incorporated | 1931-11-24 |
| Website | https://www.bajajhindusthan.com |
| Plants (India / abroad) | 14 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.