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Swing Capital

Bajaj Hindusthan Sugar Ltd

NSE: BAJAJHIND BSE: 500032Energy

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]

₹17.2
52W: ₹14.8 — ₹29.6
PE 0 · Book ₹31 · -45% vs book
Market Cap₹4,110 Cr
Stock P/E—Price to Earnings
ROCE1.24%Return on Capital
ROE0.1%Return on Equity
Div. Yield0%Face Value ₹1

Strengths

  • +Stock is trading at 0.56 times its book value

Weaknesses

  • −Promoter holding has decreased over last quarter: -11.5%
  • −The company has delivered a poor sales growth of -3.62% over past five years.
  • −Promoter holding is low: 13.4%
  • −Company has a low return on equity of -1.87% over last 3 years.
  • −Contingent liabilities of Rs.1,433 Cr.
  • −Promoters have pledged 100% of their holding.

Shareholding Pattern

Promoters13.42%
FIIs1.14%
DIIs50.41%
Public34.95%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters24.96%24.96%24.96%24.96%24.96%24.96%24.96%13.42%▼11.5
FIIs2.63%4.32%▲1.73.41%▼0.92.61%▼0.82.16%▼0.41.89%▼0.31.86%▼0.01.14%▼0.7
DIIs8.43%8.14%▼0.38.08%▼0.18.1%▲0.08.12%▲0.07.84%▼0.37.83%▼0.050.41%▲42.6
Public63.84%62.46%▼1.463.42%▲1.064.2%▲0.864.64%▲0.465.18%▲0.565.23%▲0.034.95%▼30.3

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales1,1301,7301,8631,3801,1531,4661,5461,2421,1531,368
Expenses1,1801,6221,6891,3491,1511,4921,2571,2661,2051,297
Operating Profit-50108173312-26289-24-5271
OPM %-4%6%9%2%0%-2%19%-2%-4%5%
Net Profit-1401994-45-73-99221-169-10015
EPS ₹-1.090.150.73-0.35-0.57-0.781.73-1.32-0.780.12

AI Insights

Revenue Trend

TTM revenue at ₹5,309Cr, down 4.2% YoY. OPM at 5%.

Debt Position

Borrowings at ₹3,227Cr. Debt-to-equity ratio: 0.84x. Moderate leverage.

Capex Cycle

CWIP at ₹11Cr (0% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 50.41% (+35.15pp change). FIIs: 1.14% (-0.46pp change). Promoters hold 13.42%.

Margin & Efficiency

ROCE improving from -4% (Mar 2014) to 1% (Mar 2025). Working capital days: -69.

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