Balrampur Chini Mills logo

Balrampur Chini Mills

BALRAMCHIN NSE

Key Fundamentals

SmallcapSugarConsumer Goods
Market Cap
₹13,906 Cr
Volatility
Moderate
P/E Ratio
37.82
EBITDA
₹741 Cr
Return on Equity
11.51%
Debt to Equity
0.77
Book Value
₹216.83
EPS
₹26.33
52W High
₹780.95
52W Low
₹393.55

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Company's working capital requirements have reduced from 43.8 days to 21.8 days

Weaknesses

5
  • Stock is trading at 3.37 times its book value
  • The company has delivered a poor sales growth of 5.44% over past five years.
  • Company has a low return on equity of 11.3% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 14.6% of profits over last 3 years

Growth Rate

Revenue Growth
13.93% higher than 3Y
Net Income Growth
2.1% lower than 3Y
Cash Flow Change
139% higher than 3Y
ROE
-26.78% lower than 3Y
ROCE
-31.12% lower than 3Y
EBITDA Margin (Avg.)
-18.95% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Balrampur Chini Mills trades at a market cap of ₹14,382 Cr with a P/E of 40.5x and P/B of 3.28x. The stock has delivered a 33% return over the past year and 20% CAGR over 3 years, but TTM profit growth has declined 11% while 5-year compounded profit growth stands at -4%. Working capital efficiency has improved significantly, though ROE at 10-11% remains modest for the valuation.

Bull Case 7
  • Strong stock price momentum with 33% return over 1 year and 20% CAGR over 3 years, outpacing broader market indices
  • Working capital days nearly halved from 43.8 days to 21.8 days, indicating improved operational efficiency and better cash conversion
  • TTM sales growth of 15% shows a meaningful acceleration compared to the 5-year compounded sales growth of just 5%
  • 10-year compounded sales growth of 9% and stock CAGR of 21% over the same period demonstrate long-term value creation
  • 10-year average ROE of 17% suggests the business has historically been capable of generating solid returns on equity
  • 3-year compounded profit growth of 10% indicates the company went through a profitable stretch in recent years despite cyclicality
  • Dividend yield of 0.49% provides a small but positive income component while the company retains capital for operations
Bear Case 8
  • P/E of 40.5x is elevated for a sugar company, a cyclical commodity business, implying the market is pricing in significant future growth
  • TTM compounded profit has declined 11%, signaling near-term earnings pressure even as the stock trades at premium multiples
  • 5-year compounded profit growth is negative at -4%, reflecting poor long-term earnings consistency
  • 5-year compounded sales growth of only 5.44% indicates sluggish top-line expansion over a meaningful period
  • Stock trades at 3.47x book value, which is rich for a capital-intensive, cyclical sugar manufacturer
  • 3-year average ROE of 11% and last year ROE of 10% are modest relative to the premium valuation, suggesting the market is paying a high price for mediocre returns on equity
  • Dividend payout at 14.6% of profits over the last 3 years is low, limiting direct shareholder returns
  • Potential capitalization of interest costs raises questions about the true representation of operating expenses and reported profitability

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 3d ago
Positives 2
  • ₹3.50 interim dividend for FY26 Aug 18

    Balrampur Chini declared an interim dividend of ₹3.50 per share for FY26, treated as the final dividend. This signals confidence in cash flow generation despite no separate final dividend being proposed.

  • Carbon neutrality pledge by 2047 Aug 21

    The FY26 BRSR report includes a commitment to carbon neutrality by 2047 and net zero emissions by 2055, strengthening the company's ESG positioning for institutional investors.

Neutral 3
  • Investor meet on Sep 2 Aug 26

    Balrampur Chini will hold a physical analyst and institutional investor meet on September 2, 2026, organized by Elara Securities. No unpublished price-sensitive information will be shared.

  • 50th AGM on Sep 16 Aug 18

    The company's 50th AGM is scheduled for September 16, 2026, via video conference. No final dividend was proposed beyond the already-declared ₹3.50 interim dividend.

  • FY26 BRSR report filed Aug 21

    Balrampur Chini submitted its Business Responsibility and Sustainability Report for FY26, detailing ESG performance metrics and long-term sustainability targets.

TL;DR: A quiet period for Balrampur Chini with no material negative developments. The ₹3.50 per share interim dividend and long-term ESG commitments are modest positives, while upcoming investor and AGM events in early-to-mid September could provide fresh catalysts. No operational or sector-specific headwinds surfaced in recent news, but the lack of a final dividend suggests management is balancing shareholder returns with capital allocation priorities. Watch the Sep 2 investor meet for forward guidance on sugar pricing and ethanol blending trends.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,390
1,539
1,230
1,434
1,422
1,298
1,192
1,504
1,542
1,671
1,454
1,604
1,637
Expenses
1,226
1,375
1,117
1,090
1,255
1,249
1,068
1,138
1,408
1,550
1,252
1,319
1,523
Operating Profit
163
165
113
345
166
49
124
365
134
120
202
285
114
OPM %
12%
11%
9%
24%
12%
3.8%
10%
24%
9%
7%
14%
18%
7%
Other Income
18
116
60
12
15
73
16
20
16
18
17
22
21
Interest
34
17
8
25
36
20
7
30
34
14
4
26
32
Depreciation
41
41
42
43
43
43
44
43
44
44
44
45
44
PBT
107
223
123
289
102
59
89
312
73
80
171
236
59
Tax %
31%
25%
26%
30%
31%
-14%
21%
26%
29%
33%
34%
32%
25%
Net Profit
74
166
91
203
70
67
70
229
52
54
113
160
44
EPS in Rs
3.64
8.24
4.53
10.08
3.48
3.33
3.49
11.35
2.55
2.67
5.62
7.9
2.09
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,987
2,757
3,460
4,343
4,286
4,741
4,812
4,846
4,666
5,594
5,415
6,271
6,366
Expenses
2,859
2,342
2,557
3,888
3,595
4,059
4,098
4,139
4,144
4,808
4,705
5,530
5,645
Operating Profit
128
414
903
454
691
682
714
707
522
786
711
741
721
OPM %
4.3%
15%
26%
10%
16%
14%
15%
15%
11%
14%
13%
12%
11%
Other Income
13
-130
-8
38
47
52
47
36
65
206
118
73
78
Interest
102
67
55
52
41
64
39
31
49
84
93
77
76
Depreciation
116
110
105
95
96
101
112
114
130
166
173
177
178
PBT
-76
108
735
345
602
568
609
599
408
742
562
560
546
Tax %
-24%
7%
19%
33%
4%
9%
21%
22%
30%
28%
22%
32%
—
Net Profit
-58
100
593
232
576
519
480
465
284
534
437
378
371
EPS in Rs
-2.37
4.09
25.23
10.14
25.21
23.61
22.85
22.77
14.09
26.49
21.64
18.74
18.28
Div. Payout %
0%
0%
14%
25%
10%
11%
11%
11%
18%
11%
14%
19%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
24
24
24
23
23
22
21
20
20
20
20
20
Reserves
1,103
1,205
1,537
1,594
2,095
2,394
2,598
2,749
2,875
3,381
3,775
4,118
Borrowings
1,678
1,667
1,782
990
1,734
1,482
1,240
1,211
1,880
2,009
2,627
3,170
Other Liabilities
1,099
805
685
1,093
851
910
774
512
653
678
707
1,098
Total Liabilities
3,904
3,701
4,027
3,700
4,703
4,808
4,634
4,492
5,429
6,088
7,129
8,406
Fixed Assets
1,377
1,340
1,412
1,446
1,422
1,624
1,599
1,634
2,599
2,639
2,645
2,604
CWIP
8
86
6
11
46
12
14
204
24
46
106
1,747
Investments
41
48
74
122
166
244
249
173
263
339
431
468
Other Assets
2,479
2,226
2,535
2,121
3,070
2,927
2,772
2,482
2,543
3,064
3,947
3,587
Total Assets
3,904
3,701
4,027
3,700
4,703
4,808
4,634
4,492
5,429
6,088
7,129
8,406
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-76
147
346
1,180
-523
850
649
695
453
178
425
599
Investing
-23
-147
-117
-159
-159
-305
-81
-309
-859
-225
-880
-947
Financing
38
-70
-233
-1,020
682
-546
-569
-385
406
47
455
347
Net Cash Flow
-62
-70
-4
0
0
-1
-1
0
0
0
0
0
Free Cash Flow
-101
-6
223
1,048
-649
608
551
298
-391
-43
-455
-346
CFO/OP
-50
40
54
286
-57
139
98
115
100
35
70
97
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
19
26
17
15
38
18
19
10
10
8
10
10
Inventory Days
243
344
391
189
277
239
251
232
248
268
295
248
Days Payable
107
77
49
82
72
70
63
29
34
26
26
40
Cash Conversion Cycle
155
294
359
123
243
188
207
213
224
250
279
219
Working Capital Days
4
50
35
16
68
70
80
67
42
60
50
22
ROCE %
1%
12%
26%
13%
20%
16%
17%
16%
10%
13%
10%
9%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Others3.97%Promot.42.86%FIIs9.33%Public14.76%DIIs29.09%As ofJun 2026

Documents

Frequently Asked Questions about Balrampur Chini Mills

What does Balrampur Chini Mills Ltd do?
Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar companies in India. The allied businesses of the Company comprise distillery operations and cogeneration of power.[1]
Where is Balrampur Chini Mills Ltd (BALRAMCHIN) listed?
Balrampur Chini Mills Ltd trades as BALRAMCHIN on the NSE and under code 500038 on the BSE.
Which sector does Balrampur Chini Mills Ltd belong to?
Balrampur Chini Mills Ltd is classified under the Consumer Goods sector, in the Sugar industry.
What is the market capitalisation of Balrampur Chini Mills Ltd?
Balrampur Chini Mills Ltd has a market capitalisation of ₹13,906 Cr, which places it in the Mid Cap band.
What is the PE ratio of Balrampur Chini Mills Ltd?
Balrampur Chini Mills Ltd trades at a PE ratio of 37.82, on earnings per share of ₹26.33, against a book value of ₹216.83 per share.
What is the 52-week high and low of Balrampur Chini Mills Ltd?
Over the last 52 weeks Balrampur Chini Mills Ltd has traded between ₹393.55 and ₹780.95.
Does Balrampur Chini Mills Ltd pay dividends?
Balrampur Chini Mills Ltd has a dividend yield of 0.50%.
What is the Return on Equity (ROE) of Balrampur Chini Mills Ltd?
Balrampur Chini Mills Ltd reported a return on equity of 11.51%. Its debt-to-equity ratio is 0.77.

Company Information

Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar companies in India. The allied businesses of the Company comprise distillery operations and cogeneration of power.[1]

Website chini.com
CEO Mr. Vivek K. Saraogi
Employees 6,020
Listed 1995-02-08
Face Value ₹ 1
Issued Size 20,19,50,436

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