Bajaj Hindusthan Sugar Ltd.
Snapshot View

13.70 -0.70 ▼-4.9%

25 May 2022, 04:01:00 PM
Volume: 1,654,983

Overview View Details

Sector Agriculture Compare with Sector peers
Industry Sugar Compare with Industry peers
Website http://www.bajajhindusthan.com
Market Cap 1,749.98 Cr.
Enterprise Value(EV) 6,509.76 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) -2.09 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2022-03
Industry PE 17.12 Trailing Twelve Months Ending 2022-03
Book Value / Share 17.71 Trailing Twelve Months Ending 2022-03
Price to Book Value 0.77 Calculated using Price: 13.70
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 127.74 Cr. 1,277,359,942 Shares
FaceValue 1
Company Profile

Bajaj Hindusthan (BHL) was incorporated on November 23, 1931 under the name --The Hindusthan Sugar Mills -- on the initiative of Jamnalal Bajaj - a businessman, confidante, disciple and adopted son of Mahatma Gandhi. Bajaj Hindusthan (BHL), a part of the Bajaj Group, is India’s Number One sugar and ethanol manufacturing company, headquartered at Mumbai (Maharashtra), India.

The Company has fourteen sugar plants, which are all located in the northern Indian state of Uttar Pradesh (UP): Golagokarannath, Palia Kalan and Khambarkhera (district Lakhimpur Kheri), Barkhera (district Pilibhit), Kinauni (district Meerut), Gangnauli (district Saharanpur), Thanabhavan and Budhana (district Muzaffarnagar), Bilai (district Bijnore), Maqsoodapur (district Shahjahanpur), Pratappur (district Deoria), Rudauli (district Basti), Kundarkhi (district Gonda) and Utraula (district Balrampur). These plants have aggregate sugarcane crushing capacity of 136,000 tcd (tonnes crushed per day) and a distillery capacity to produce 800,000 liters of alcohol per day.

BHL is India’s largest ethanol producer. It is the pioneer of India’s fuel ethanol programme. It is currently producing 38 million litres of ethanol in a year. In anticipation of emerging market demand, the Company has increased its ethanol manufacturing capacity to nearly 218 million litres per year.

The company generates 430 MW of power from the bagasse produced in its sugar mills. After meeting its own energy needs, BHL has a surplus of 105 MW. The Company has already begun to supply a significant part of this surplus power to the UP state grid. BHL has now embarked upon the expansion of its power generation capacity by 450 MW through the setting up of new coal based power plants of 90 MW each in the vicinity of 5 of its existing sugar units. These new projects are expected to be completed within a period of nine months at an aggregate project cost of around Rs. 23 billion.

Besides this, through a Consortium, the company, in a major diversification move, has also embarked on developing two mega thermal power projects in UP, each of which will produce 1,980 megawatts of power, ready for commissioning in around 5 years.

BHL’s wholly owned subsidiary, Bajaj Eco-tec Products Limited (BEPL), produces environment-friendly Medium Density Fibre Boards (MDF) and Particle Boards (PB), both from its bagasse waste. Both MDF and PB are invaluable substitutes for wood in construction and furnishing. The manufacturing of MDF and PB has been a trail-blazing venture in India. It will protect and preserve India’s forests from commercial exploitation by the construction and furniture industries. A 50,000 cubic metre MDF plant saves one lakh mature trees from being cut down in a year.

BEPL is among the very few units in the world to manufacture MDF and PB that is completely wood-free. Its three Units, put together, turns out 210,000 cubic metres of MDF and Particle Boards in a year. This will prevent the felling of an estimated 420,000 fully matured trees annually.

Milestones:

1981-1990

  • Company applies for a license to increase capacity from 4,800 TCD to 10,000 TCD
  • Complete decontrol of cement effective March 1, 1989
  • Sharda Sugar & Ind. Ltd. receives LOI to expand its capacity from 1,400 TCD to 5,000 TCD.
  • The company changes its name to Bajaj Hindustan.
  • Capacity of cement plant increased from 4 to 6 million tons per annum
  • Bonus shares issued of Rs. 1.12 million in the ratio of 4:1
  • Expansion of Gola plant from 3,600 to 4,800 tons completed
  • Golden jubilee year
  • Sharda Sugar & Ind. Ltd. amalgamated with Bajaj Hindustan. 

1991-2000

  • LOI received to increase cane capacity to 10,000 MT per day for Gola unit
  • Construction Board Ltd. amalgamated with Bajaj Hindustan.
  • Palia capacity increased to 5,000 TCD
  • The cement plant is sold to J K Udaipur Udyog for Rs 147.50 crore
  • Board of directors decide to dispose of the cement unit.

2001 Onwards

  • New 7,000 TCD plant near Meerut commenced operations in November 2004
  • First unit to crush 20 million quintals of cane during the drought year 2002-03
  • Achieved record profit of Rs. 283.51 million in FY 2003
  • Turnover up by 25% (on annualised basis)
  • Production up by 25%
  • Crushing of sugar cane up by 26%
  • GOI changes the free to levy sugar sale ratio from 70:30 to 85:15.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-4.86%
1 Week
-14.64%
1 Month
-33.98%
3 Month
+0.74%
6 Month
+0.59%
1 Year
+20.81%
2 Year
+238.27%
5 Year
-14.91%
10 Year
-48.20%
9 years 2012-09 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) -8.08 -54.05 -61.53 -8.39 -2.63 -15.60 -4.76 -1.82 -11.47
Return on Capital Employed (%) 2.48 -5.27 -3.47 6.56 6.72 1.74 2.02 2.92 -0.38
Return on Assets (%) -1.94 -12.79 -9.87 -1.67 -0.66 -3.52 -0.98 -0.37 -2.18

Balance Sheet View Details

Particulars 10 years 2012-09 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 3,991 2,369 1,520 3,578 3,466 2,942 2,792 2,697 2,372 2,259
Non Curr. Liab. 2,443 2,727 7,136 6,920 6,159 6,588 6,087 5,852 5,511 4,863
Curr. Liab. 7,749 7,250 3,146 3,089 4,713 4,544 4,931 5,003 5,253 5,927
Minority Int. 225 0 0 0 0 0 0
Equity & Liab. 14,408 12,346 11,802 13,588 14,337 14,074 13,810 13,552 13,136 13,050
Non Curr. Assets 11,489 7,731 7,729 9,310 9,068 8,844 7,843 7,611 7,343 6,965
Curr. Assets 2,919 4,615 4,074 4,277 5,269 5,230 5,968 5,941 5,793 6,085
Misc. Exp. not W/O
Total Assets 14,408 12,346 11,802 13,588 14,337 14,074 13,810 13,552 13,136 13,050

Profit Loss View Details

Particulars 10 years 2012-09 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 4,344 6,645 4,535 4,691 4,399 5,847 6,806 6,669 6,666 5,576
Other Income 175 103 120 90 96 101 96 12 23 32
Total Income 4,519 6,748 4,655 4,780 4,496 5,948 6,902 6,681 6,689 5,608
Total Expenditure -3,887 -6,745 -4,704 -3,906 -3,548 -5,575 -6,510 -6,216 -6,503 -5,404
PBIDT 632 3 -48 874 948 373 392 465 186 203
Interest -667 -1,129 -889 -848 -802 -680 -322 -301 -264 -254
Depreciation -362 -556 -258 -242 -243 -197 -204 -216 -216 -215
Taxation 91 -25 -1 4 6 5 -3 2 3 4
Exceptional Items 29 -4 4 -6
PAT -277 -1,711 -1,192 -212 -92 -500 -137 -50 -291 -268
Minority Interest 1 1 0 0
Share Associate -45 85 0 0
Other Related Items
Consolidated Net Profit -320 -1,625 -1,192 -212 -92 -500 -137 -50 -291 -268
Adjusted EPS -5 -25 -15 -2 -1 -5 -1 0 -3 -2

Cash Flow View Details

Particulars 10 years 2011-09 Rs. Cr. 2012-09 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 1,889 -559 1,063 -365 379 700 953 1,118 910 340
Cash Fr. Inv. -3,834 -2,590 -3,965 -179 -2 -14 -29 -4 -21 11
Cash Fr. Finan. 2,141 2,951 2,741 476 -386 -707 -918 -1,098 -839 -382
Net Change 196 -198 -160 -68 -9 -20 6 16 50 -30
Cash & Cash Eqvt 722 510 129 61 52 32 38 54 104 74

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 15.43 15.43 15.43 15.43 15.43 15.43 24.95 24.95 24.95
Public 84.57 84.57 84.57 84.57 84.57 84.57 75.05 75.05 75.05
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Announcements View Details

Sat, 21 May 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to the Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended from time to time please find enclosed herewith copies of newspaper advertisement published in Navbharat Times (Hindi Daily) and The Economic Times (English Daily) on May 21 2022 in respect of the Extracts of Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31 2022.
Sat, 21 May 2022
Compliances-Reg.24(A)-Annual Secretarial Compliance
Submission of Annual Secretarial Compliance Report under Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 for the financial year ended March 31 2022
Fri, 20 May 2022
Announcement under Regulation 30 (LODR)-Change in Directorate
Pursuant to Regulation 30 Schedule III and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform that Mr. Alok Kumar Vaish (DIN: 07250267) has tendered his resignation as the Managing Director on the Board of Directors of the Company due to personal reasons. His resignation was considered and accepted by the Board of Directors of the Company at its meeting held today i.e. May 20 2022. Mr. Alok Kumar Vaish will be relieved from the services of the Company effective May 20 2022.We would further like to inform that the Board of Directors at its meeting held today i.e. May 20 2022 approved the appointment of Mr. Ajay Kumar Sharma (DIN: 09607745) as Additional Director and Managing Director of the Company with effect from May 20 2022.

Technical Scans View Details

Wed, 25 May 2022
Close Crossing Last Month Low Close Crossing Last Month Low
Closing Below Previous Low Closing Below Previous Low
Closing Below Previous Low for 3 days Closing Below Previous Low for 3 days
Making Lower Lows for 3 days Making Lower Lows for 3 days
High Decrease 1 Month High Decrease 1 Month

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