Bajaj Hindusthan Sugar (NSE: BAJAJHIND): Stock Overview & Investment Perspective

Company Overview

Bajaj Hindusthan Sugar Limited (NSE: BAJAJHIND) ranks among India's largest integrated sugar and ethanol producers. Headquartered in Uttar Pradesh, the company operates 14 sugar mills with 136,000 TCD crushing capacity and 800 KLPD ethanol distillation capability. As part of the Bajaj Group, it holds significant influence in India's sugar sector.

Recent Stock Performance (NSE: BAJAJHIND)

Key Price Trends (2023-2024):

52-Week Range: ₹12.50 - ₹47.80 (As of July 2024)
Current Price: ₹36.25 (July 2024, subject to market changes)
YTD Performance: +28% (Outperforming Nifty Commodities Index)

Illustrative price trend chart (replace with actual data source)

Financial Highlights (FY2024)

Metric	FY2024	YoY Change
Revenue	₹6,820 Cr	+18%
EBITDA	₹935 Cr	+42%
Net Debt	₹5,200 Cr	-9%
Ethanol Revenue	₹1,450 Cr	+67%

Sugar Industry Dynamics Impacting BAJAJHIND

Key Market Drivers:

Ethanol Blending Program (EBP): Government's 20% ethanol blending target by 2025 benefits distillery operations
Sugar Production: India's estimated 36.5 MT production in 2023-24 (ISMA data)
Export Policies: International sugar prices and export quotas affecting realizations
UP Government Support: Subsidies for cane growers and processing infrastructure

Investment Considerations

Strengths:

Vertical Integration: From sugarcane farming to sugar/ethanol production
Distillery Expansion: 350 KLPD new capacity added in 2023
Government Contracts: Regular supplier to OMCs for ethanol

Risks:

Commodity Price Volatility: Sugar and ethanol price fluctuations
Debt Burden: High interest costs impacting net margins
Crop Dependency: Monsoon variability affecting sugarcane yield

Recent Developments

July 2024: Commissioned new biogas plant in Bihar
June 2024: Secured ₹650 Cr loan for debt restructuring
May 2024: Exported 50,000 MT raw sugar to Indonesia
April 2024: Announced 3:1 rights issue at ₹28/share

Technical Analysis Perspective

Support Level: ₹32.50 (200-DMA)
Resistance: ₹41.20 (January 2024 high)
RSI (14-day): 58 (Neutral territory)

Peer Comparison (Sugar Sector)

Company	Market Cap	P/E Ratio	Debt/Equity
Balrampur Chini	₹12,500 Cr	18.5x	0.45
Shree Renuka	₹8,200 Cr	N/A	1.20
BAJAJHIND	₹4,800 Cr	9.8x	2.15

Expert Opinions

Market Outlook (ICICI Securities): "Bajaj Hindusthan's ethanol capacity expansion positions it well for EBP targets, though debt remains concern. Hold rating with ₹40 target."

Technical View (Motilal Oswal): "BAJAJHIND shows bullish momentum above ₹35. Next resistance at ₹38.50 if volumes sustain."

Shareholding Pattern (June 2024)

Promoters: 35.6%
FIIs: 12.8%
DIIs: 8.4%
Public: 43.2%

Long-Term Outlook

With India's ethanol blending roadmap and increasing renewable energy focus, BAJAJHIND's distillery investments could drive future growth. However, investors should monitor: