Bajaj Hindusthan Sugar Limited (BAJAJHIND) AI Stock Analysis

• Market Cap: ₹28.94B
• Dividend Yield: N/A
• Average Volume (3M): 1.24M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.89
• Revenue Growth: -11.30%
• EPS Growth: -66.53%
• Country: IN
• Employees: 7,374
• Sector: Consumer Defensive
• Sector Strength: 69
• Industry: Food Confectioners
• EPS (TTM): -1.40
• Shares Outstanding: 1,277,360,000
• 10 Day Avg. Volume: 769,425
• 30 Day Avg. Volume: 1,239,691
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹25.00
• Price Target Upside: 10.33% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 47 Neutral
• Price Target: ₹25.00 ▲(10.33% Upside)

The stock's score is primarily impacted by financial performance challenges, including declining revenues, negative net income, and high leverage. Technical analysis provides a slightly better outlook with potential support near the 50-day moving average, but valuation remains a significant concern due to the negative P/E ratio and lack of dividends. The absence of earnings call data and notable corporate events means these factors do not influence the overall score.

Bajaj Hindusthan Sugar Limited Business Overview & Revenue Model

Company Description

Bajaj Hindusthan Sugar Limited (BAJAJHIND) is one of the largest sugar and ethanol manufacturing companies in India. Established in 1931, the company operates in the agribusiness sector, primarily focusing on the production and sale of sugar, ethanol, and other by-products derived from sugarcane processing. With multiple manufacturing facilities across the country, Bajaj Hindusthan Sugar Limited plays a significant role in supporting India's sugar and renewable energy industries.

How the Company Makes Money

Bajaj Hindusthan Sugar Limited generates revenue primarily through the sale of sugar, which is produced by processing sugarcane at its mills. This constitutes the largest portion of the company's income. Additionally, the company produces ethanol, a renewable biofuel, which is sold to oil marketing companies for blending with petrol, thereby adding a significant stream of revenue. The company also derives income from the sale of by-products such as molasses, bagasse, and press mud, which are used in industries like distilleries, power generation, and as fertilizer. Strategic partnerships with oil companies for ethanol supply and government policies supporting the ethanol blending program enhance the company's revenue potential. Furthermore, Bajaj Hindusthan Sugar Limited engages in the generation and sale of power, using cogeneration facilities that utilize bagasse, a by-product of sugar manufacturing, providing an additional source of income.

Bajaj Hindusthan Sugar Limited Financial Statement Overview

Summary

Bajaj Hindusthan Sugar Limited faces ongoing financial challenges with declining revenues and profitability issues, as evidenced by negative net income and low margins. The balance sheet shows high leverage, although some improvement is noted. Cash flow generation remains a relative strength, supported by positive free cash flow trends, but financial stability is a concern due to high debt levels and cash flow volatility.

Income Statement

The company shows a declining revenue trend over recent years, with total revenue decreasing from 66.1 billion in 2020 to 55.7 billion in 2025. Gross profit margins have been volatile, and the net profit margins are negative, indicating consistent losses. EBIT and EBITDA margins have shown slight improvement but remain low, reflecting profitability challenges.

Balance Sheet

The company's debt-to-equity ratio has improved slightly from 2.04 in 2020 to 0.85 in 2025, indicating reduced leverage. However, the overall high debt levels remain a risk. The equity ratio has improved due to increased equity, but the return on equity remains negative due to persistent net losses.

Cash Flow

Free cash flow is positive and has grown significantly from 3.37 billion in 2021 to 2.54 billion in 2025. The operating cash flow to net income ratio is high due to negative net income, suggesting strong cash generation relative to earnings. However, the volatility in cash flows from financing activities indicates financial instability.

Breakdown	Mar 2025	Mar 2023	Mar 2024	Mar 2022	Mar 2021
Income Statement
Total Revenue	55.75B	63.38B	61.04B	55.00B	65.57B
Gross Profit	5.64B	11.59B	10.70B	9.12B	8.91B
EBITDA	3.08B	2.85B	2.89B	1.97B	1.86B
Net Income	-235.70M	-1.35B	-864.10M	-2.68B	-2.91B
Balance Sheet
Total Assets	152.84B	159.39B	159.06B	130.50B	131.36B
Cash, Cash Equivalents and Short-Term Investments	735.60M	234.00M	522.10M	19.70B	11.14B
Total Debt	35.75B	43.03B	38.40B	48.17B	54.09B
Total Liabilities	110.53B	115.05B	114.21B	107.91B	107.64B
Stockholders Equity	42.22B	44.24B	44.75B	22.59B	23.72B
Cash Flow
Free Cash Flow	2.54B	7.86B	6.35B	6.11B	3.37B
Operating Cash Flow	2.75B	7.92B	6.44B	6.19B	3.40B
Investing Cash Flow	173.30M	123.30M	-3.60M	131.50M	114.60M
Financing Cash Flow	-2.73B	-8.33B	-6.15B	-6.54B	-3.82B

Bajaj Hindusthan Sugar Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 22.66
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BAJAJHIND, the sentiment is Negative. The current price of 22.66 is below the 20-day moving average (MA) of 24.85, below the 50-day MA of 25.15, and below the 200-day MA of 25.91, indicating a bearish trend. The MACD of -0.84 indicates Positive momentum. The RSI at 28.55 is Positive, neither overbought nor oversold. The STOCH value of 20.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BAJAJHIND.

Bajaj Hindusthan Sugar Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DALMIASUG	73 Outperform	₹28.99B	7.83		1.69%	23.22%	39.31%
Sector *	63 Neutral	$21.00B	13.77	-6.24%	3.09%	3.49%	-6.25%
BANARISUG	63 Neutral	₹46.99B	41.40		28.97%	-17.59%	-21.81%
BALRAMCHIN	60 Neutral	₹111.49B	25.51		0.54%	-3.19%	-18.29%
TRIVENI	51 Neutral	₹74.41B	33.75		1.03%	12.47%	-38.55%
RENUKA	48 Neutral	₹60.53B	―		―	-21.05%	39.28%
BAJAJHIND	47 Neutral	₹28.94B	―		―	-11.30%	-66.53%

Bajaj Hindusthan Sugar Limited Corporate Events

Bajaj Hindusthan Sugar Approves Rs. 630.80 Crore Buyback Offer

Bajaj Hindusthan Sugar Limited announced the approval of a buyback offer for equity shares from Lalitpur Power Generation Company Limited, amounting to Rs. 630.80 Crore. The proceeds from this transaction will be used to settle outstanding dues related to Optionally Convertible Debentures, which include the redemption of principal, YTM, and coupon interest due by March 31, 2025.