Is Bajaj Hindusthan Sugar the Best Stock in Its Sector? A Look at the Numbers

Bajaj Hindusthan Sugar CMP Rs 21 (15 Sep 2026). Market cap Rs 5,008 Cr. ROE 3.69%. P/E 43.65x versus Industry P/E 20.60x.

Updated: 15 Sept 2026 • 10:43 am

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Is Bajaj Hindusthan Sugar the Best Stock in Its Sector? A Look at the Numbers

Quick Answer

Bajaj Hindusthan Sugar is one of the names investors compare when screening the Agri sector, built on a 3.69% return on equity and a P/E of 43.65x against an Industry P/E of 20.60x. Bajaj Hindusthan Sugar Ltd is one of India’s largest sugar manufacturers, with an integrated operation spanning sugar, ethanol and power co-generation from its mills in Uttar Pradesh. Whether Bajaj Hindusthan Sugar is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Agri sector peers, so you can judge that for yourself.

Is Bajaj Hindusthan Sugar the best stock in its sector? The stock trades on the NSE at Rs 21 as of 15 September 2026, within its 52-week range of Rs 14.85 to Rs 26.00. Bajaj Hindusthan Sugar Ltd is one of India’s largest sugar manufacturers, with an integrated operation spanning sugar, ethanol and power co-generation from its mills in Uttar Pradesh.

Bajaj Hindusthan Sugar sits in the Agri sector, and its 3.69% ROE and 43.65x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.

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Table of Contents

About Bajaj Hindusthan Sugar

Bajaj Hindusthan Sugar Ltd is one of India’s largest sugar manufacturers, with an integrated operation spanning sugar, ethanol and power co-generation from its mills in Uttar Pradesh. At a market capitalisation of Rs 5,008 Cr, it is tracked as part of the Agri sector on Univest.

Is Bajaj Hindusthan Sugar the Best Stock in Its Sector?

Bajaj Hindusthan Sugar makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 3.69% ROE with a 43.65x P/E against the sector’s 20.60x Industry P/E. Bajaj Hindusthan Sugar’s 43.65x P/E is well above the 20.60x Industry P/E despite a 3.69% ROE, a valuation that appears to price in an ethanol and sugar-cycle recovery rather than current earnings.

Metric	Bajaj Hindusthan Sugar
CMP (NSE)	Rs 20.59
52-Week High / Low	Rs 26.00 / Rs 14.85
Market Cap	Rs 5,008 Cr
P/E (TTM) vs Industry P/E	43.65x vs 20.60x
P/B	5.24
ROE	3.69%
EPS (TTM)	Rs 0.48
Dividend Yield	0.00%
Debt to Equity	0.93

Compare Bajaj Hindusthan Sugar Against Other Agri Sector Stocks

How Bajaj Hindusthan Sugar Compares Against Its Agri Sector Peers

The table below sets Bajaj Hindusthan Sugar against 3 other Agri sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 3 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Bajaj Hindusthan Sugar	5,008	43.65	3.69%	0.93
Balrampur Chini Mills	14,654	39.48	9.15%	0.77
Dwarikesh Sugar Industries	829	57.37	3.72%	0.41
Triveni Engineering & Industries	5,632	20.85	5.91%	0.65
Peer average (3 companies)	–	39.23	6.26%	0.61

Against this peer set, Bajaj Hindusthan Sugar’s 3.69% ROE is below the 6.26% peer average, and its P/E of 43.65x runs above the peer average of 39.23x. Bajaj Hindusthan Sugar’s 43.65x P/E is well above the 20.60x Industry P/E despite a 3.69% ROE, a valuation that appears to price in an ethanol and sugar-cycle recovery rather than current earnings.

What Makes Bajaj Hindusthan Sugar Worth Watching in Agri

Integrated sugar-ethanol-power model: Co-generating power and producing ethanol alongside sugar gives Bajaj Hindusthan multiple revenue streams from the same cane input.
Scale in a cyclical industry: Being one of the largest sugar producers gives it operating scale, though sugar-sector earnings remain sensitive to cane prices and government policy.
Rich valuation versus current returns: A 43.65x P/E against a 3.69% ROE is high for the current level of profitability, and above the 20.60x Industry P/E.

Bajaj Hindusthan Sugar Valuation: Is It Justified?

Bajaj Hindusthan Sugar’s 43.65x P/E is well above the 20.60x Industry P/E despite a 3.69% ROE, a valuation that appears to price in an ethanol and sugar-cycle recovery rather than current earnings. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Download the Univest iOS App or Univest Android App to track Bajaj Hindusthan Sugar and other Agri sector stocks.

How to Track Bajaj Hindusthan Sugar Before You Invest

Before deciding whether Bajaj Hindusthan Sugar deserves its label as the best stock in its sector for your own portfolio, compare it directly against Agri sector peers using the steps below.

Open the Univest Screener and search for Bajaj Hindusthan Sugar to view live price, valuation ratios, and peer comparisons within the Agri sector.
Compare its P/E, P/B, and ROE against other Agri sector stocks before deciding if the current valuation fits your strategy.
Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Bajaj Hindusthan Sugar earns a place in the best stock in its sector conversation on the strength of a 3.69% ROE and a P/E of 43.65x against a 20.60x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

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).

Is Bajaj Hindusthan Sugar the best stock in its sector?

Ans. Bajaj Hindusthan Sugar has a 3.69% ROE and trades at 43.65x P/E against a 20.60x Industry P/E, and compares below the peer average ROE of 6.26% in this article’s named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of Bajaj Hindusthan Sugar?

Ans. Bajaj Hindusthan Sugar was trading at Rs 20.59 on the NSE as of 15 September 2026, within its 52-week range of Rs 14.85 to Rs 26.00.

What sector does Bajaj Hindusthan Sugar belong to?

Ans. Bajaj Hindusthan Sugar is classified under the Agri sector on Univest.

How does Bajaj Hindusthan Sugar compare to its sector peers on P/E?

Ans. Bajaj Hindusthan Sugar’s P/E of 43.65x is above the 39.23x average of the 3 named peers compared in this article.

What is Bajaj Hindusthan Sugar’s return on equity?

Ans. Bajaj Hindusthan Sugar reported a return on equity of 3.69%, which is below the 6.26% average of its named peers in this comparison.

Should I invest in Bajaj Hindusthan Sugar based on its sector position?

Ans. Bajaj Hindusthan Sugar’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.