BAJAJHINDFast Moving Consumer Goods

Bajaj Hindusthan Sugar Limited

Sugar · ISIN INE306A01021 · BSE 500032 · NSE EQ · FV ₹1
Last price
₹19
-2.17%today
What this company does

Bajaj Hindusthan Sugar Limited operates in Sugar, part of the Fast Moving Consumer Goods sector. It booked ₹1,126 cr of revenue in its latest quarter (Q1 FY27) and kept -16.4% of sales as profit. It is the largest of 9 Sugar companies we track, by market value.

23out of 100
Equitytale Health Score
Fragile

Healthier than 23% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 27–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
42

At close. Not part of the score.

Profitability & returns3

How much profit it earns on the money it employs

Balance sheet8

How much it owes, and whether earnings cover the interest

Cash quality85

Whether reported profit actually arrives as cash

Growth & consistency13

Whether sales and profit have grown, and how steadily

Valuation33

What today's price implies, against our models or its peers

Governance & risk14

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
Watch-outs
! Currently loss-making
! Thin -16.4% net margin
! Sales down 10% vs last year
! 100.0% of promoter stake pledged
! Low -19.4% return on equity
! Operating cash flow is negative

What if I invest in BAJAJHIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹19 -2.17%
latest close · 2026-09-17
1-year return
+28.8%
52-wk low ₹1152-wk high ₹26
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio4.08High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-19.4%Loss
WeakFairStrong ▸15%
Return on capital-8.4%Loss
WeakFairStrong
Net margin-16.4%Loss
ThinDecentStrong
EBITDA margin-10.4%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.93Moderate
LowModerateHigh ▸1
Interest cover-15.2×Risky
RiskyOkayStrong ▸5×
Current ratio0.55Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹15,563 cr
Book value
₹5
EPS
₹-0.23
latest quarter
Net debt
₹3,458 cr
owes more than its cash
Enterprise value
₹19,021 cr
EBITDA
₹-470 cr
annualised
EBIT
₹-694 cr
annualised
Operating margin
-15.4%
Return on assets
-5.2%
Earnings yield
P/S
3.46
Sales / share
₹5.6
Tax rate
Face value
₹1
Shares
803.0 cr
Working capital
₹-2,730 cr
Current assets
₹3,352 cr
Current liabilities
₹6,083 cr
Delivery %
20.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,126 cr
Other Income₹2 cr
Total Income₹1,128 cr
Cost of Materials₹39 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹1,057 cr
Employee Benefit Expense₹90 cr
Finance Costs₹11 cr
Depreciation & Amortisation₹56 cr
Other Expenses₹59 cr
Total Expenses₹1,313 cr
Profit before Tax₹-185 cr
Tax Expense₹-24 L
Net Profit₹-185 cr
Net margin on total income-16.4%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹1,096 cr83.5%
Employee benefit expense₹90 cr6.9%
Finance costs₹11 cr0.9%
Depreciation & amortisation₹56 cr4.3%
Other expenses₹59 cr4.5%
Total income ₹1,128 cr

The company made a net loss of ₹185 cr this quarter — income covered only 86 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,380 cr1,669 cr1,126 cr
Total income1,383 cr1,680 cr1,128 cr
Expenses1,369 cr1,367 cr1,313 cr
Profit before tax15 cr299 cr-185 cr
Tax-18 L-92 cr-24 L
Net profit (owners' share)15 cr391 cr-185 cr
Net margin (owners' share, on revenue)1.1%23.4%-16.4%
EPS (₹)0.122.30-0.23
YoY (latest quarter): total income -9.9% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹14,304 cr
Shareholder equity
₹3,811 cr
parent shareholders
Total debt
₹3,545 cr
Cash
₹87 cr
Cash flow · H1 FY26
Operating
₹-28 cr
Investing
₹636 cr
Financing
₹-633 cr
Peer comparison
Sugar · by market value
CompanyPriceMarket capP/E
Bajaj Hindusthan Sugar Limitedthis company₹19₹15,563 cr
Balrampur Chini Mills Limited₹676₹14,275 cr78.2
Triveni Engineering & Industries Limited₹232₹5,123 cr341.8
Shree Renuka Sugars Limited₹23₹4,854 cr
Bannari Amman Sugars Limited₹3,303₹4,142 cr
Dalmia Bharat Sugar and Industries Limited₹391₹3,161 cr114.9
Dhampur Bio Organics Limited₹116₹2,039 cr
Avadh Sugar & Energy Limited₹721₹1,443 cr1,502.1
Dhampur Sugar Mills Limited₹152₹976 cr40.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.1
ex 31 Jan 2013
ActionDetailEx-date
Dividend₹0.1 / share31 Jan 2013
Dividend₹0.4 / share2 Feb 2012
Who owns it · 2026-06-30
100.0% pledged
Promoter
13.3%
FII / Foreign
1.1%
DII / Domestic
50.7%
Retail / others
34.8%
Promoter stake down 11.6% over the last 12 quarters.
Smart-money activity
Insider trades
SoldBajaj Resources Limited · Promoter Group60.27 L · ₹9.4 cr14 Mar 22
SoldSBICAP Trustee Company Limited · -60.27 L · ₹60.3 L14 Mar 22
BoughtBajaj Resources Limited · Promoter Group60.27 L · ₹9.4 cr10 Mar 22
Bulk / block deals
short · NSE5017 Sep 26
short · NSE3002 Sep 26
short · NSE1,03526 Aug 26
Stake changes
BoughtBajaj Resources Limited alongwith PAC · promoter→ 6.89% · 60.27 L10 Mar 22
DisposalAnand Engineering Ltd · promoter→ 0.00%10 Mar 22
BoughtBajaj Resources Limited · promoter→ 6.89% · 60.27 L10 Mar 22
Promoter pledges
ReleasedSBICAP Trustee Company Ltd60.27 L · 0.47% held9 Mar 22
PledgedSBICAP Trustee Company Ltd6.06 cr · 0.00% held25 Aug 21
PledgedSBICAP Trustee Company Ltd8.32 cr · 1.01% held24 Aug 21
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 27 Aug 2026
See the official result
1
Adoption of Standalone and Consolidated Financial Statements of the Company for the financial year ended as at March 31, 2026 and the Reports of the Board of Directors and the Auditors thereon for the said year.
Backed by 100% of shareholders other than promotersneeded 50%
19.28 cr votes for, 1.17 L against · 0% of mutual funds and other big investors said no
2
Re-appointment of Mr. Ajay Kumar Sharma (DIN: 09607745), as Managing Director, who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 99% of shareholders other than promotersneeded 50%
19.18 cr votes for, 12.69 L against · 0% of mutual funds and other big investors said no
3
Ratification of the remuneration payable to cost auditors for the financial year 2026-2027.
Backed by 100% of shareholders other than promotersneeded 50%
19.29 cr votes for, 1.21 L against · 0% of mutual funds and other big investors said no
4
Appointment of Dr. Anil Rishiraj (DIN: 02853310), as Director (Category: Non-Executive, Non-Independent Director) of the Company with effect from May 29, 2026, liable to retire by rotation.
Backed by 100% of shareholders other than promotersneeded 50%
19.29 cr votes for, 1.23 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 21 named members
owning 13.3% between them · as of 2026-06-30
Kushagra Bajaj4.02%
Bajaj Resources Pvt. Ltd3.68%
SKB Roop Commercial LLP2.53%
Bajaj International Realty Pvt. Ltd.1.16%
A N Bajaj Enterprises Private Limited0.77%
Shishirkumar Bajaj0.35%
Minakshi Bajaj0.18%
SHISHIR BAJAJ (AS KARTA OF SHISHIR BAJAJ HUF)0.16%
Business done with them
FY2025 · 5 of the group
The company paid ₹7 cr to companies in the promoter group last year — about 0.1% of its ₹5,575 cr revenue and received ₹18 cr back from them.
Mr. Kushagra Bajaj
Commitments Made On Behalf Of Entity · DIRECTOR'S SITTING FEES/LOAN TAKEN/DEBENTURE
also owns 4.02% of the company
₹3,759 cr
company received
LAMBODAR STOCKS PRIVATE LIMITED
Contribution received from them · Loans Taken/DEBENTURE
₹14 cr
company received
Mr. Kushagra Bajaj
Contribution made to them · DIRECTOR'S SITTING FEES/LOAN TAKEN/DEBENTURE
also owns 4.02% of the company
₹7 cr
company paid
BAJAJ RESOURCES PRIVATE LIMITED
Contribution received from them · Rent expenses/TRADE PAYABLE/DEBENTURE
also owns 3.68% of the company
₹4 cr
company received
BAJAJ RESOURCES PRIVATE LIMITED
Leases As Lessee · Rent expenses/TRADE PAYABLE/DEBENTURE
also owns 3.68% of the company
₹1 cr
company received
BAJAJ CAPITAL VENTURES PRIVATE LIMITED
Contribution made to them · Rent expenses/DEPOSIT
also owns 0.09% of the company
₹38 L
company paid
BAJAJ CAPITAL VENTURES PRIVATE LIMITED
Other payments to them · Rent expenses/DEPOSIT
also owns 0.09% of the company
₹4 L
company paid
ANAND ENGINEERING LIMITED
Leases As Lessor · rent income/LOAN TAKEN
₹1 L
company received
Mr. Kushagra Bajaj
Other payments to them · DIRECTOR'S SITTING FEES/LOAN TAKEN/DEBENTURE
also owns 4.02% of the company
₹1 L
company paid

The company also transacted with 19 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹53 cr raised in Apr 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 100% of what it set aside.

Object as per the General Meeting Notice: The object of the issue is to comply with the Resolution Plan for restructuring of loans of the Lenders in accordance with RBI Prudential Framework. In accordance with the Resolution Plan, the Company proposes to issue and allot equity shares of the Company to the Lenders by converting the part of YTM owed by the Company, so that the total shareholding of the Lenders will not exceed 50% of the paid-up capital post conversion.
100%
₹9 cr of ₹9 cr
Object as per the General Meeting Notice: The object of the issue is to comply with the Resolution Plan for restructuring of loans from the Lenders in accordance with RBI Prudential Framework. In accordance with the Resolution plan, the Company proposes to issue and allot Compulsorily Convertible Preference Shares of the Company to the Lenders by converting the outstanding loans (part of YTM and RoR).
100%
₹45 cr of ₹45 cr
₹118 cr raised in Mar 2026 by selling shares to selected investors

As of Mar 2026, the company says it has spent 100% of what it set aside.

Object as per the General Meeting Notice: The object of the issue is to comply with the Resolution Plan for restructuring of loans of the Lenders in accordance with RBI Prudential Framework. In accordance with the Resolution Plan, the Company proposes to issue and allot equity shares of the Company to the Lenders by converting the part of YTM owed by the Company, so that the total shareholding of the Lenders will not exceed 50% of the paid-up capital post conversion.
100%
₹19 cr of ₹19 cr
Object as per the General Meeting Notice: The object of the issue is to comply with the Resolution Plan for restructuring of loans from the Lenders in accordance with RBI Prudential Framework. In accordance with the Resolution plan, the Company proposes to issue and allot Compulsorily Convertible Preference Shares of the Company to the Lenders by converting the outstanding loans (part of YTM and RoR).
100%
₹99 cr of ₹99 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.