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Bajaj Hindusthan Sug

₹32 0.3 | 0.9%

Market Cap ₹4081 Cr.

Stock P/E -47.2

P/B 1

Current Price ₹32

Book Value ₹ 33.3

Face Value 1

52W High ₹40.5

Dividend Yield 0%

52W Low ₹ 13.2

Bajaj Hindusthan Sug Research see more...

Overview Inc. Year: 1931Industry: Sugar

Bajaj Hindusthan Sugar Ltd is a holding sugar corporation. The Company is engaged in the manufacture of sugar, alcohol and generation of power. The Company's segments comprises Sugar, Distillery, Power and Others. The Company’s byproduct-making procedure includes molasses, bagasse, fly ash and press mud. The Company aggregated a sugarcane crushing capability of approximately 136,000 tons crushed per/day (TCD), and an alcohol distillation capability of approximately 800 kiloliters/day throughout 14 places in the north Indian State of Uttar Pradesh (UP). The Company offers Bajaj Bhu Mahashakti Bio-manure/Bio-compost, that's synthetic by way of composting press mud received from cane juice filtration and spent wash acquired from distilleries. Its sugar turbines are located at Golagokarannath, Palia Kalan, Kinauni, Thanabhawan, Budhana, Bilai, Barkhera, Khambarkhera, Gangnauli, Maqsoodapur, Pratappur, Rudauli, Utraula and Kundarkhi.

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Bajaj Hindusthan Sug Share Price

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Peer Comparison

Bajaj Hindusthan Sug Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 1257 1622 1530 1323 1431 2054 1360 1133 1741 1870
Other Income 4 20 8 7 3 5 3 30 4 5
Total Income 1261 1641 1538 1330 1434 2059 1363 1163 1745 1875
Total Expenditure 1310 1467 1497 1406 1343 1829 1338 1189 1630 1701
Operating Profit -49 174 41 -76 90 230 25 -25 115 174
Interest 62 59 33 32 95 50 45 42 39 37
Depreciation 54 53 53 54 54 53 55 56 56 55
Exceptional Income / Expenses 0 -6 0 0 0 0 0 0 0 0
Profit Before Tax -165 56 -45 -162 -58 127 -75 -123 20 82
Provision for Tax 0 -4 0 0 0 -4 -0 -0 -0 -8
Profit After Tax -165 60 -45 -162 -58 131 -75 -123 20 91
Adjustments 0 0 0 0 0 0 0 -0 0 0
Profit After Adjustments -165 60 -45 -162 -58 131 -74 -123 20 91
Adjusted Earnings Per Share -1.3 0.5 -0.4 -1.3 -0.5 1 -0.6 -1 0.2 0.7

Bajaj Hindusthan Sug Profit & Loss

#(Fig in Cr.) Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 4344 6645 4535 4691 4399 5847 6806 6669 6666 5576 6338 6104
Other Income 175 103 120 90 96 101 96 12 23 32 23 42
Total Income 4519 6748 4655 4780 4496 5948 6902 6681 6689 5608 6361 6146
Total Expenditure 3887 6745 4704 3906 3548 5575 6510 6216 6503 5404 6075 5858
Operating Profit 632 3 -48 874 948 373 392 465 186 203 285 289
Interest 667 1129 889 848 802 680 322 301 264 254 210 163
Depreciation 362 556 258 242 243 197 204 216 216 215 213 222
Exceptional Income / Expenses 29 -4 4 0 0 0 0 0 0 -6 0 0
Profit Before Tax -368 -1686 -1191 -216 -98 -505 -134 -52 -294 -272 -138 -96
Provision for Tax -91 25 1 -4 -6 -5 3 -2 -3 -4 -3 -8
Profit After Tax -277 -1711 -1192 -212 -92 -500 -137 -50 -291 -268 -135 -87
Adjustments -43 86 -0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -320 -1625 -1192 -212 -92 -500 -137 -50 -291 -268 -135 -86
Adjusted Earnings Per Share -5 -25.4 -14.7 -2 -0.8 -4.5 -1.2 -0.5 -2.6 -2.1 -1.1 -0.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% -2% 2% 4%
Operating Profit CAGR 40% -15% -5% -8%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 132% 42% 32% 6%
ROE Average -4% -9% -7% -17%
ROCE Average 1% 0% 1% 1%

Bajaj Hindusthan Sug Balance Sheet

#(Fig in Cr.) Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 3991 2369 1520 3578 3466 2942 2792 2697 2372 2259 4424
Minority's Interest 225 0 0 0 0 -0 -0 -0 -0 -0 10
Borrowings 1501 2510 7111 6220 5460 5892 5382 5140 4802 4244 3851
Other Non-Current Liabilities 942 218 24 701 699 696 705 713 708 620 1423
Total Current Liabilities 7749 7250 3146 3089 4713 4544 4931 5003 5253 5934 6237
Total Liabilities 14408 12346 11802 13588 14337 14074 13810 13552 13136 13057 15946
Fixed Assets 5500 5059 4944 7974 7736 7543 7397 7194 6993 6805 7800
Other Non-Current Assets 5989 2672 2784 1336 1332 1301 446 417 478 2079 4657
Total Current Assets 2919 4615 4074 4277 5269 5230 5968 5941 5664 4173 3489
Total Assets 14408 12346 11802 13588 14337 14074 13810 13552 13136 13057 15946

Bajaj Hindusthan Sug Cash Flow

#(Fig in Cr.) Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 722 510 129 61 52 32 38 54 104 74 52
Cash Flow from Operating Activities -559 1063 -365 379 700 953 1118 910 332 619 792
Cash Flow from Investing Activities -2590 -3965 -179 -2 -14 -29 -4 -21 22 13 12
Cash Flow from Financing Activities 2951 2741 476 -386 -707 -918 -1098 -839 -384 -654 -833
Net Cash Inflow / Outflow -198 -160 -68 -9 -20 6 16 50 -30 -22 -29
Closing Cash & Cash Equivalent 510 129 61 52 32 38 54 104 74 52 23

Bajaj Hindusthan Sug Ratios

# Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -5.01 -25.41 -14.72 -1.96 -0.84 -4.54 -1.24 -0.45 -2.64 -2.15 -1.08
CEPS(Rs) 1.33 -18.06 -11.54 0.27 1.37 -2.75 0.61 1.51 -0.68 -0.42 0.63
DPS(Rs) 0.1 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 62.17 36.83 18.77 32.68 31.49 26.73 25.37 24.5 21.55 18.15 35.55
Core EBITDA Margin(%) 10.17 -1.46 -3.59 16.04 18.37 4.58 4.35 6.79 2.44 3.07 4.14
EBIT Margin(%) 6.66 -8.12 -6.43 12.94 15.2 2.96 2.76 3.73 -0.45 -0.31 1.14
Pre Tax Margin(%) -8.18 -24.58 -25.36 -4.41 -2.11 -8.49 -1.97 -0.79 -4.41 -4.87 -2.18
PAT Margin (%) -6.16 -24.94 -25.38 -4.34 -1.99 -8.41 -2.01 -0.75 -4.36 -4.8 -2.13
Cash Profit Margin (%) 1.89 -16.84 -19.89 0.6 3.26 -5.09 0.99 2.5 -1.13 -0.95 1.24
ROA(%) -1.94 -12.79 -9.87 -1.67 -0.66 -3.52 -0.98 -0.37 -2.18 -2.04 -0.93
ROE(%) -8.08 -54.05 -61.53 -8.38 -2.63 -15.6 -4.76 -1.82 -11.47 -11.55 -4.03
ROCE(%) 2.48 -5.27 -3.47 6.56 6.72 1.74 2.02 2.92 -0.38 -0.24 0.91
Receivable days 15.51 10.89 14.72 16.8 17.21 9.81 9.81 10 10.46 13.99 10.23
Inventory Days 43.26 85.98 188.51 153.15 194.33 179.88 150.5 149.86 143.81 173.05 154.29
Payable days 20.57 82.09 235.55 267.09 302.66 229.59 238.7 289.73 296.03 354.88 304.85
PER(x) 0 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0.51 0.44 0.77 0.61 0.42 0.33 0.31 0.11 0.29 0.78 0.36
Dividend Yield(%) 0.32 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 2.31 1.08 1.84 1.91 1.91 1.32 1 0.85 0.9 1.17 0.93
EV/Core EBITDA(x) 15.86 2404.54 -172.52 10.24 8.86 20.65 17.42 12.21 32.39 32.11 20.63
Net Sales Growth(%) -14.21 52.98 -31.75 3.42 -6.21 32.9 16.41 -2.01 -0.05 -16.36 13.67
EBIT Growth(%) -56.76 -286.03 45.75 309.29 11.33 -75.06 6.95 32.3 -112.15 41.93 510.5
PAT Growth(%) -1389.84 -518.31 30.3 82.2 56.65 -443.21 72.67 63.39 -481.64 8 49.64
EPS Growth(%) -633.11 -407.54 42.08 86.7 57.29 -443.17 72.67 63.39 -481.7 18.63 49.64
Debt/Equity(x) 2.14 2.66 4.79 1.95 2.02 2.31 2.16 2.04 2.28 2.13 0.97
Current Ratio(x) 0.38 0.64 1.29 1.38 1.12 1.15 1.21 1.19 1.08 0.7 0.56
Quick Ratio(x) 0.3 0.27 0.6 0.76 0.48 0.52 0.65 0.65 0.59 0.24 0.14
Interest Cover(x) 0.45 -0.49 -0.34 0.75 0.88 0.26 0.58 0.83 -0.11 -0.07 0.34
Total Debt/Mcap(x) 4.2 5.99 6.24 3.09 4.64 6.79 6.71 17.88 7.7 2.65 2.61

Bajaj Hindusthan Sug Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95
FII 0.94 1.2 1.38 1.59 1.6 1.69 1.6 1.64 1.8 2.57
DII 26.49 21.54 19.05 15.64 15.28 15.27 15.26 12.41 9.45 8.6
Public 47.62 52.31 54.62 57.81 58.17 58.08 58.18 60.99 63.79 63.87
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 354.88 to 304.85days.
  • Company has reduced debt.

Cons

  • Promoter holding is low: 24.95%.
  • Company has a low return on equity of -9% over the last 3 years.

* 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.

Bajaj Hindusthan Sug News

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