Bajaj Hindusthan Sugar Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- May 16, 2026
- Posted by: Neeraj Pandey
- Category: News
Bajaj Hindusthan Sugar Rs 19.93 (5 Oct 2026). 52-week range Rs 14.85 to Rs 26. Q1 FY27 net loss Rs 185 cr. Total debt about Rs 3,465 cr.
Quick Answer
The Bajaj Hindusthan Sugar share price target for 2026 is Rs 18 to Rs 21.6, which is between 10 percent below and 8 percent above the latest price of Rs 19.93, with bull and bear cases of Rs 30.8 to Rs 36.4 and Rs 12.5 to Rs 15. Bajaj Hindusthan Sugar reported a Q1 FY27 consolidated net loss of Rs 184.7 crore on sales of Rs 1,125.97 crore, down 9.8 percent, in the seasonally weak quarter, after turning profitable in FY26 on debt restructuring. The stock jumped 34 percent in the week of 17 August as wholesale sugar prices rose more than 10 percent, and it has since eased about 23 percent from the Rs 26 high. Because Q1 is an off-season loss and trailing EPS of Rs 0.48 is thin, these ranges are Univest scenarios on forward earnings, and no brokerage target was available as of 5 October 2026.
The Bajaj Hindusthan Sugar share price target for 2026 is Rs 18 to Rs 21.6 in the Univest base case, with the stock at Rs 19.93 as of about 10:15 AM IST on 5 October 2026. That is 23.3 percent below its 52-week high of Rs 26.00 and 34.2 percent above its 52-week low of Rs 14.85, and the stock moved down 3.6 percent over the past year. Bajaj Hindusthan Sugar is one of India’s largest integrated sugar makers, with distillery capacity for ethanol. Total debt is about Rs 3,465 crore and debt to equity is 0.93.
Three things changed since the last update: Q1 FY27 results on 13 August showed a widened seasonal loss, wholesale sugar prices surged more than 10 percent in August, and the government cut bulk stockholding limits to 15 days. This Bajaj Hindusthan Sugar stock analysis covers the Bajaj Hindusthan Sugar share price today, the Bajaj Hindusthan Sugar share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Bajaj Hindusthan Sugar buy or sell view.
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What Is the Bajaj Hindusthan Sugar Share Price Target for 2026?
The 2026 target for Bajaj Hindusthan Sugar shares is Rs 18 to Rs 21.6 in the Univest base case, which is -9.7% to +8.4% against the latest price. The bull case is Rs 30.8 to Rs 36.4 and the bear case is Rs 12.5 to Rs 15. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.
Bajaj Hindusthan Sugar Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | FY28E EPS | Target Multiple | Price Target (Rs) | Move vs Rs 19.93 |
|---|---|---|---|---|
| Bull Case | Rs 1.4 | 22x to 26x | 30.8 to 36.4 | +54.5% to +82.6% |
| Base Case | Rs 0.9 | 20x to 24x | 18 to 21.6 | -9.7% to +8.4% |
| Bear Case | Rs 0.5 | 25x to 30x | 12.5 to 15 | -37.3% to -24.7% |
FY28 EPS of Rs 0.90 in the base case is above trailing EPS of Rs 0.48 and assumes the sugar price recovery lasts and ethanol volumes hold. The bear case uses a higher multiple on much weaker EPS of Rs 0.50 because earnings are so small, and the bull case needs sugar prices to stay firm through the season. The PE multiple used for each case is shown in the table, and the EPS estimate is a Univest assumption, not company guidance. Those assumptions set the Bajaj Hindusthan Sugar share price target range around the current price.
Bajaj Hindusthan Sugar Company Overview and Share Price Today as of 5 October 2026
Bajaj Hindusthan Sugar share price today is Rs 19.93 on the NSE at about 10:15 AM IST on 5 October 2026, and it changes through the session. The market capitalisation is Rs 4,595 crore, and the stock trades at 40.0 times thin trailing earnings against an industry average of 19.3 times. The Univest base case Bajaj Hindusthan Sugar share price target of Rs 18 to Rs 21.6 is -9.7% to +8.4% from here. The table below sets out the key numbers behind the Bajaj Hindusthan Sugar share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | BAJAJHIND | BSE code 500032 |
| Sector | Sugar and ethanol | Per Univest sector classification |
| Latest Price (NSE) | Rs 19.93 | 5 Oct 2026, 10:15 AM IST |
| 52-Week High | Rs 26.00 | CMP is 23.3% below |
| 52-Week Low | Rs 14.85 | CMP is 34.2% above |
| 1-Year Return | About -4% | Weekly close Rs 20.65 on 3 Oct 2025 to Rs 19.91 |
| Market Capitalisation | Rs 4,595 crore | Small cap sugar and ethanol |
| Trailing P/E | About 40.0x | Industry P/E about 19.3x |
| P/B Ratio | About 4.81x | Book value Rs 4.00 per share |
| EPS (TTM) | Rs 0.48 | Trailing twelve months |
| Return on Equity | About 3.7% | Debt to equity 0.93 |
| Dividend Yield | Nil | No dividend |
| 12-Month Target (Base Case) | Rs 18 to Rs 21.6 | Univest base case |
| Bull Case | Rs 30.8 to Rs 36.4 | +54.5% to +82.6% |
| Bear Case | Rs 12.5 to Rs 15 | -37.3% to -24.7% |
Track live price, fundamentals and results for Bajaj Hindusthan Sugar on the Univest Screener.
How Did Bajaj Hindusthan Sugar Perform in Q1 FY27?
Bajaj Hindusthan Sugar reported a Q1 FY27 consolidated net loss of Rs 184.7 crore, against Rs 173.75 crore a year earlier, on sales of Rs 1,125.97 crore, down 9.81 percent. Sugar is a seasonal business and Q1 falls in the off-season, so annual results matter more. Together these Q1 FY27 numbers anchor the Bajaj Hindusthan Sugar share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Sales | Rs 1,125.97 crore | Down 9.81% year on year |
| Net Loss | Rs 184.7 crore | Against Rs 173.75 crore |
| Total Debt | About Rs 3,465 crore | Debt to equity 0.93 |
| FY26 Net Finance Cost | Rs 25.8 crore | Against Rs 851.46 crore after restructuring |
| Wholesale Sugar Price | Up over 10% | In August 2026, above Rs 5,000 per quintal |
| Bulk Stockholding Limit | 15 days | Cut from 30 days |
FY26 turned profitable because debt restructuring cut net finance cost to Rs 25.80 crore from Rs 851.46 crore. The high ex-mill realisations seen since August help the second half of FY27. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Bajaj Hindusthan Sugar share price target.
Why Did Bajaj Hindusthan Sugar Shares Surge in August 2026?
Bajaj Hindusthan Sugar shares surged 34 percent in the week of 17 August 2026 on volume of 60.5 crore shares because wholesale sugar prices rose more than 10 percent and supplies tightened. The stock hit Rs 26 in the week of 24 August.
The government cut bulk stockholding limits to 15 days, and the sector rallied on hopes of an import duty cut. The stock has since eased to Rs 19.93 as the rally cooled. The Bajaj Hindusthan Sugar share price target scenarios below account for that move.
Key Catalysts for the Bajaj Hindusthan Sugar Share Price Target in 2026
4 catalysts matter most for the Bajaj Hindusthan Sugar share price target, and sector tailwinds in Sugar and ethanol are part of the case. Together they decide whether the base case is reached.
1. Sugar Price Strength
Wholesale sugar prices rose more than 10 percent to above Rs 5,000 per quintal in August. Firm prices lift realisations through the season. If it plays out, the Bajaj Hindusthan Sugar share price target moves toward the top of the base range.
2. Ethanol Capacity
The company has distillery capacity and plans an ethanol expansion, in line with India’s blending programme. Ethanol adds steadier income to sugar. Strength here would support the upper end of the Bajaj Hindusthan Sugar share price target.
3. Lower Finance Cost
Net finance cost fell to Rs 25.80 crore in FY26 from Rs 851.46 crore after restructuring. Lower interest cost converts sugar gains into profit. Delivery on this point keeps the Bajaj Hindusthan Sugar share price target on track.
4. New Sugar Season
The new sugar season begins on 1 October with low opening inventories, and festive demand is rising. A good crush supports the base case. Better news here would lift the Bajaj Hindusthan Sugar share price target toward the bull case.
What Are the Key Risks to the Bajaj Hindusthan Sugar Share Price Target?
The main risks are the seasonal losses, a high debt level, policy changes and an import duty cut. Each can pull the Bajaj Hindusthan Sugar share price target lower.
Seasonal Losses
Q1 FY27 had a net loss of Rs 184.7 crore, and earnings depend on the crushing season. A weak season would keep EPS near the bear case. If it materialises, the Bajaj Hindusthan Sugar share price target would slip toward the bear case.
Debt Level
Total debt is about Rs 3,465 crore and debt to equity is 0.93. Higher funding costs would hit profit. This is the main downside risk to the Bajaj Hindusthan Sugar share price target.
Import Duty Cut
Sugar stocks rallied on import duty cut hopes. If imports are allowed, domestic prices would fall. A worsening here would cut the Bajaj Hindusthan Sugar share price target toward the low end of the range.
Policy Risk
The government changed stockholding limits twice within weeks, and sugar prices and ethanol rates are policy-driven. A shift would move the stock quickly. Watch it closely, because it can pull the Bajaj Hindusthan Sugar share price target lower quickly.
Bajaj Hindusthan Sugar Stock Analysis: Support and Resistance Levels for the Share Price Target
Bajaj Hindusthan Sugar stock analysis on weekly charts shows a range of Rs 18.80 to Rs 23.20 since September, with the stock near the middle.
The first support level is Rs 18.80 to Rs 19.00, the lows of the weeks of 28 September and 14 September. Below that, Rs 17.3 is the August base, and a weekly close under Rs 18.80 would weaken the trend.
The first resistance level is Rs 20.80 to Rs 21.20, the highs of the weeks of 21 and 14 September. Above that, Rs 23.0 to Rs 23.2 marks the August close, and Rs 26.0 is the 52-week high. These levels come from weekly price action, are not trade recommendations, and frame the near-term Bajaj Hindusthan Sugar share price target.
Bajaj Hindusthan Sugar Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Bajaj Hindusthan Sugar Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 18.8 and Rs 21.2, from the late-September low to the mid-September high. A close above Rs 21.2 would put Rs 23 in play, while a break under Rs 18.8 would put Rs 17.3 in play. Sugar prices and the new season’s crush are the near-term triggers. This range anchors the near-term Bajaj Hindusthan Sugar share price target.
12-Month and 2027 Bajaj Hindusthan Sugar Share Price Target
The 12-month target price is Rs 18 to Rs 21.6, valued on 20 to 24 times FY28 EPS of Rs 0.90. The range across scenarios runs from Rs 12.5 in the bear case to Rs 36.4 in the bull case.
Long-Term Bajaj Hindusthan Sugar Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 29 to Rs 44. This assumes EPS of Rs 1.6 to Rs 2.0 by FY29 to FY30 and a multiple of 18 to 22 times. It needs debt to keep falling and sugar and ethanol prices to hold. This is the long-term Bajaj Hindusthan Sugar share price target in the Univest scenarios.
Bull Case and Bear Case for Bajaj Hindusthan Sugar Share Price Target
Bull Case Rs 30.8 to Rs 36.4
The bull case of Rs 30.8 to Rs 36.4 for the Bajaj Hindusthan Sugar share price target needs EPS of Rs 1.40 and the market to pay 22 to 26 times for it. It is +54.5% to +82.6% from the latest price.
Bear Case Rs 12.5 to Rs 15
The bear case of Rs 12.5 to Rs 15 for the Bajaj Hindusthan Sugar share price target equals 25 to 30 times FY28 EPS of Rs 0.50 and sits below the Rs 14.85 low. It is -37.3% to -24.7% from the latest price.
Is Bajaj Hindusthan Sugar a Good Buy at Rs 19.93? Bajaj Hindusthan Sugar Buy or Sell View
Whether Bajaj Hindusthan Sugar is a buy at Rs 19.93 depends on horizon and risk appetite. The base case implies -10 to 8 percent from here, trailing earnings are thin, and the result depends on sugar prices and the crush. The Bajaj Hindusthan Sugar share price target range is the starting point for that decision.
Long-term holders may focus on lower finance costs and ethanol, and treat Rs 18.8 as the level to watch. Short-term traders may prefer to wait for a close above Rs 21.2, since the stock is high-beta to sugar news. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Bajaj Hindusthan Sugar buy or sell view is educational.
How to Invest in Bajaj Hindusthan Sugar Shares
Step 1: Check the live price, valuation and the latest Bajaj Hindusthan Sugar share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Bajaj Hindusthan Sugar share price target.
Step 3: Search for BAJAJHIND on the NSE or 500032 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 12.5 is bearable.
Step 5: Track sugar prices, the crush and Q2 FY27 results and set price alerts on the Univest App to follow any change in the Bajaj Hindusthan Sugar share price target.
Conclusion
Bajaj Hindusthan Sugar closed at Rs 19.93 against a Univest base case share price target of Rs 18 to Rs 21.6, a bull case of Rs 30.8 to Rs 36.4 and a bear case of Rs 12.5 to Rs 15. Q1 FY27 was a seasonal loss of Rs 184.7 crore, but FY26 turned profitable and sugar prices are up more than 10 percent. The main risks are seasonality, debt and policy changes.
The stock is 23 percent below its 52-week high, so the base case implies roughly -10 to 8 percent from here. The triggers to watch are sugar prices, the Q2 FY27 results and the Rs 18.8 and Rs 21.2 levels. Re-check the Bajaj Hindusthan Sugar share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track Bajaj Hindusthan Sugar live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Bajaj Hindusthan Sugar Share Price Target 2026
What is the Bajaj Hindusthan Sugar share price target for 2026?
Ans. The Bajaj Hindusthan Sugar share price target for 2026 is Rs 18 to Rs 21.6 in the Univest base case, with a bull case of Rs 30.8 to Rs 36.4 and a bear case of Rs 12.5 to Rs 15. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario. These are estimates and can change after the Q2 FY27 results.
What is the Bajaj Hindusthan Sugar share price target for 2027?
Ans. The Bajaj Hindusthan Sugar share price target for 2027 is Rs 18 to Rs 21.6 in the base case, valued on 20 to 24 times FY28 EPS of Rs 0.90. The scenario range runs from Rs 12.5 to Rs 36.4.
Is Bajaj Hindusthan Sugar a good buy at Rs 19.93?
Ans. Whether Bajaj Hindusthan Sugar is a good buy at Rs 19.93 depends on your horizon, risk appetite and how you read the Bajaj Hindusthan Sugar share price target. Sugar prices are firm and finance costs are low, but the stock trades at about 40 times thin earnings with debt of about Rs 3,465 crore. Consult a SEBI-registered advisor before investing.
What are the key risks to the Bajaj Hindusthan Sugar share price target?
Ans. The key risks to the Bajaj Hindusthan Sugar share price target are seasonal losses, debt level, import duty cut and policy risk. Q1 FY27 had a net loss of Rs 184.7 crore, and earnings depend on the crushing season. A weak season would keep EPS near the bear case.
What are the key catalysts for the Bajaj Hindusthan Sugar share price target?
Ans. The key catalysts for the Bajaj Hindusthan Sugar share price target are sugar price strength, ethanol capacity, lower finance cost and new sugar season. Wholesale sugar prices rose more than 10 percent to above Rs 5,000 per quintal in August. Firm prices lift realisations through the season.
Where can I track Bajaj Hindusthan Sugar share price today and Bajaj Hindusthan Sugar share price target updates?
Ans. You can track the live Bajaj Hindusthan Sugar share price, results and any change to the Bajaj Hindusthan Sugar share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are Bajaj Hindusthan Sugar’s 52-week high and low?
Ans. Bajaj Hindusthan Sugar’s 52-week high is Rs 26.00 and its 52-week low is Rs 14.85, based on weekly NSE data. At Rs 19.93 the stock is 23.3 percent below the high and 34.2 percent above the low. Both levels frame the Bajaj Hindusthan Sugar share price target.
How to buy Bajaj Hindusthan Sugar shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for BAJAJHIND on the NSE or 500032 on the BSE, and place a limit order near your entry price, using the Bajaj Hindusthan Sugar share price target range as a guide. Size the position so a fall to Rs 12.5 is bearable, and check the live price on the Univest Screener first.
