1. Balrampur Chini Mills
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86% Buy

Balrampur Chini Mills Share Price

BALRAMCHIN

₹384.10-₹0.10 (-0.03%) TodayLast updated on 18 May, 2024 | 09:28 AM IST
₹377.60₹384.15
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Company overview

Financial performance

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Market cap

Market Cap Switch₹7,639 Cr

Open

₹381.30

Close

₹384.20

Circuit range

₹403.40 - ₹365.00

Day range

₹377.60 - ₹384.15

Year range

₹343.50 - ₹485.90

Volume

93,549

Avg. traded

₹381.15

Revenue (12m)

₹5,651 Cr

Balrampur Chini Mills

Balrampur Chini Mills is one of the largest sugar manufacturing companies in India. It also has one of the biggest supply networks in the country. The company, founded in 1975, was initially engaged in sugar manufacturing. It was one of the first sugar companies in the country to diversify into distillery and co-generation segments.

The company was listed on the Calcutta Stock Exchange in 1979. Balrampur Chini Limited’s current operations are spread across various sectors from sugar production to power cogeneration. Currently, it deals in molasses, alcohol, ethanol and other agri-input products.

The company started operations in 1975 with a 800 tonnes per day capacity plant. Currently, the plant is functioning at 12,000 tonnes per day capacity due to the innovative scaling and scope approach. In 1976, Balrampur Commercial Enterprises Limited (BCEL) came under the banner of Balrampur Chini. In 1979, Balrampur Chini became the sole company for all its product manufacturing and distribution entities.

The company then expanded its operations again in 1990 and 1998 by acquiring two different sugar mills. These mills currently have a crushing capacity of 10,000 and 7,000 tonnes per day. In 1995, the sugar producer commissioned a distillery in Balrampur.

Balrampur Chini has also extended its business with cogeneration and first commissioned a bagasse-based cogeneration plant in 2003. It also commissioned another crushing mill the same year and a second cogeneration plant. The years 2004 and 2005 were a hallmark again as the company commissioned a distillery, a cogeneration plant and a sugar project of 7,000 tonnes.

The year 2020 marked a significant step for the company as it commissioned a huge 170 kilo litres per day capacity distillery to manufacture ethanol.

The market capitalisation of Balrampur Chini Mills Ltd stood at nearly ₹7,900 crore as of January 11, 2024. Balrampur Chini share price has gained over 120% in the last three years.

Business operations

Balrampur Chini has its headquarters in Kolkata. The sugar processing capacity of its plants has increased to 80,000 tonnes of cane per day. Its distillery capacity currently stands at 1050 KL per day and cogeneration capacity is at 176MW.

Among its major product segments, 76% of its business comes from sugar. Around 21% is contributed by the distillery operations division. The company has 10 sugar factories, 5 distilleries and 10 cogeneration units all across the country. The sugar factories are mainly located in the cane-rich belts of Eastern and Central Uttar Pradesh.

Balrampur Chini Mills Limited’s distilleries are located in Balrampur, Babhnan, Mankapur and Gularia in Uttar Pradesh. The production capacity of these four distilleries stands at 560 KLPD. The ethanol produced by the company is majorly supplied to Oil Marketing Companies (OMCs) for blending with petrol.

In FY 23, the company crushed 93.66 lakh tonnes of sugarcane and produced 8.83 lakh tonnes of sugar.

Financial highlights

The company’s revenue from operations in FY23 stood at ₹4,666 crore, down by 3.7% compared to ₹4,846 crore in FY22. Its EBITDA (earnings before interest, taxes, depreciation, and amortisation) decreased 33.5% year-on-year to ₹512 crore as against ₹700 crore in FY22. Profit after tax (PAT) of the company decreased to ₹284 crore in FY23 as against ₹465 crore in FY22, marking a YoY drop of 27%. Its earnings per share (EPS) for FY23 stood at ₹13.94 compared to ₹22.44 in FY22.

Balrampur Chini Mills Key indicators

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52 week high

₹485.90

52 week low

₹343.50

P/E ratio

13.14

P/B ratio

2.32

ROE

9.78%

ROCE

10.22%

Dividend yield

0.67%

Debt/Equity ratio

0.65

EPS

13.66

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Investment checklist: (2/6)

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Analyst ratings:

Buy

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Buy

86%

Hold

0%

Sell

14%

This analysis is based on the reviews of 7 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

12.33%

Net profit margin

5.91%

ROE

9.78%

ROA

4.98%

ROCE

10.22%

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Balrampur Chini Mills Shareholder returns

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1 day

+0.37%

1 week

+1.87%

1 month

+1.42%

3 months

+1.84%

1 year

-0.07%

3 years

+25.73%

5 years

+164.70%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

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Balance sheet

All values are in ₹ Crores (Cr)
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Balrampur Chini Mills Share Price history

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Shareholding info

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Promoters (42.9%)

Mutual Funds (18.81%)

Retail and other (25.07%)

Foreign institutions-FII (11.27%)

Other domestic institutions (1.95%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹3/share

    Ex date 20 Nov 2023

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  • Dividend • ₹2.5/share

    Ex date 22 Feb 2023

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  • Dividend • ₹2.5/share

    Ex date 11 Feb 2022

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