Bajaj Hindusthan Sugar Ltd (BHSL) is one of India's largest integrated sugar production companies, incorporated in 1931 and a part of the prominent Bajaj Group. With over 85 years of leadership in the sugar industry, BHSL is recognized as India's Number One sugar and ethanol manufacturing company, headquartered in Mumbai.
The company operates through a comprehensive network of 14 sugar plants strategically located across Uttar Pradesh. These facilities are situated in Gola Gokaran Nath, Palia Kalan, Khambharkhera (Lakhimpur Kheri district), Barkhera (Pilibhit district), Kinauni (Meerut district), Gangnauli (Saharanpur district), Thanabhawan, and Budhana (Muzaffarnagar district).
BHSL possesses an aggregate sugarcane crushing capacity of 136,000 tonnes per day (TCD) across its 14 sugar factories. Beyond sugar, BHSL is a leading manufacturer of ethanol, with six distilleries capable of producing 800 kilo litres per day (KLPD) of industrial alcohol. The company also owns 14 co-generation plants with a combined power generating capacity of 449 MW.
Bajaj Hindusthan Sugar Ltd (BAJAJHIND) has a market capitalization of ₹3531.90 Cr as of 4th July 2025. The company has shown mixed financial performance recently, with significant improvements in profitability despite revenue challenges.
Recent Financial Highlights:
- Q4 FY2024-25: Net profit increased by 142.63% to ₹220.28 crore from ₹90.79 crore in Q4 FY2023-24. Sales declined by 16.93% to ₹1553.66 crore from ₹1870.27 crore in the same period.
- Full Year FY2024-25: Net loss was ₹23.57 crore, an improvement from a net loss of ₹86.41 crore in FY2023-24. Sales declined by 8.68% to ₹5574.76 crore from ₹6104.32 crore in the previous year.
Key Financial Metrics:
- P/E Ratio: -149.85
- P/B Ratio: 0.79
- 52-Week High: ₹46.10
- 52-Week Low: ₹16.50
BHSL operates through multiple interconnected business segments, leveraging sugarcane processing and its by-products. These segments include: Sugar, Distillery, Power, and Others. The company's operations encompass sugar production, distillery, power generation, and renewable energy initiatives.
Beyond traditional sugar, BHSL has diversified into value-added products and sustainable solutions. By-products from sugar manufacturing include molasses, bagasse, fly ash, and press mud. Its bio-compost/bio-manure products, such as Bajaj Bhu Mahashakti and Bhu Mahashakti (bio-compost), are manufactured by composting press mud and spent wash.
In February 2024, Bajaj Hindusthan Sugar partnered with EverEnviro to establish compressed biogas (CBG) plants in Uttar Pradesh. These plants will utilize the approximately 5 million metric tons of press mud generated annually by the company's 14 mills.
The company has undertaken significant strategic initiatives to strengthen its financial position and reduce its debt burden.
- Share Buyback: The Board approved tendering of equity shares under a buyback offer from a group company, Lalitpur Power Generation Company, for an amount up to ₹630.80 crore.
- Debt Resolution: An Inter Creditor Agreement was signed by lenders on April 28, 2025, to facilitate debt resolution through coordinated restructuring strategies, marking a key step in addressing outstanding debt.
Bajaj Hindusthan Sugar is well-positioned to benefit from favorable government policies supporting ethanol production and blending initiatives. The Union Minister for Petroleum and Natural Gas announced that India achieved 15% ethanol blending in May 2024 and expressed confidence in reaching the target of 20% ethanol blending by 2025. This policy environment signifies a growing and stable market for ethanol, providing continued support and demand for the company's ethanol production.
The company is led by experienced management with strong industry expertise.
- Chairman: Mr. Kushagra N Bajaj
- Managing Director: Mr. Ajay Kumar Sharma
- Company Secretary: Mr. Kausik Adhikari
Promoter holding stood at 24.95% as of March 2025. However, the company faces governance challenges as promoter Kushagra Bajaj has pledged all his shares. If optionally convertible debentures (OCDs) are converted into shares, the promoter's stake could reduce to 8.76%.
The Bajaj Hindusthan Sugar Ltd (BAJAJHIND) stock has demonstrated significant volatility.
- Last 1 Month: +24.14%
- Last 3 Months: +35.14%
- Last 12 Months: -19.60%
- Last 3 Years: +85.61%
The stock price is influenced by factors such as sugar prices, government policies on agriculture, demand for ethanol, and the company's overall performance in the sugar and allied industries.
Bajaj Hindusthan Sugar Ltd (BAJAJHIND) operates within the Consumer Staples sector and the Sugar sub-sector. As one of India's largest integrated sugar companies with substantial ethanol production capabilities, BHSL is strategically positioned to capitalize on the country's increasing focus on renewable energy and biofuel initiatives. Investors should, however, carefully monitor the near-term financial challenges the company faces.
