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Balrampur Chini Mills

BALRAMCHIN NSE
₹673.65 +18.85 (+2.88%)
P/E
36.85
View as Markdown
MCP
Close 4 Nov 2026 ₹673.65 +228.25 +51.2% 1Y
Start ₹445.40

Key Fundamentals

MicrocapConsumer GoodsFMCG

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
9.27%
Debt to Equity
0.77
EPS (TTM)
₹18.28
Book Value
₹216.79
Market Cap
—
P/E (TTM)
36.85
P/B
3.11
ROE
9.51%
Dividend Yield
0.53%
EBITDA
₹778 Cr
52W High
₹780.95
52W Low
₹393.55
Day Range
₹642.00 – ₹682.00
Volume
27,89,377

Peer Comparison

Fast Moving Consumer Goods › Consumer Goods › Sugar

Balrampur Chini Mills peer comparison
Balrampur Chini Mills (this company)
₹673.6536.85₹14,183 Cr3.110.53%9.51%9.27%₹6,366 Cr₹371 Cr
Triveni Engineering & Industries
₹245.6119.57₹5,499 Cr1.751.14%8.68%9.02%₹6,173 Cr₹270 Cr
Bajaj Hindusthan Sugar
₹18.83104.61₹4,423 Cr4.710.00%24.40%3.11%₹5,332 Cr₹116 Cr
Bannari Amman Sugars
₹3,459.1035.63₹4,389 Cr2.270.36%7.26%8.75%₹1,670 Cr₹122 Cr
Shree Renuka Sugars
₹18.49—₹3,865 Cr—0.00%—−3.06%₹9,365 Cr−₹780 Cr
Dalmia Bharat Sugar & Industries
₹483.5518.89₹3,739 Cr1.211.45%7.33%8.25%₹3,525 Cr₹207 Cr
Avadh Sugar & Energy
₹894.8027.16₹1,708 Cr1.591.20%5.63%6.83%₹2,756 Cr₹66 Cr
Median 7 companies₹483.5531.40₹4,389 Cr2.010.53%8.00%8.25%₹5,332 Cr₹122 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

56 Good

Data confidence 100/100

Category scores

Quality
57
Good
Returns, margins, earnings quality 22% weight
Valuation
39
Weak
Cheap vs sector & own history 24% weight
Growth
61
Good
Sales & profit trajectory 9% weight
Financial Health
47
Average
Solvency, leverage, coverage 9% weight
Momentum
89
Strong
Trend strength, vol-adjusted 12% weight
Ownership
61
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 3.28 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 11.0% 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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish379
OscillatorsBearish270
Moving AveragesStrong Bullish109

Key readings

RSI (14)
52.87
Neutral
MACD (12,26,9)
−12.38
Bearish
SMA (50)
674.98
Bearish
SMA (200)
561.79
Bullish

As of

Analyst Rating

Based on 5 analysts
BUY100%

5 of 5 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
5
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+8.57%
5Y+5.44%
3Y+10.36%
1Y+15.81%
TTM+14.99%

Net profit

Net profit growth by window
10Y+14.22%
5Y−4.67%
3Y+10.00%
1Y−13.50%
TTM−11.24%

Operating cash flow

Operating cash flow growth by window
10Y+15.08%
5Y−1.59%
3Y+9.76%
1Y+40.94%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−3.11 pp
5Y−2.93 pp
3Y+0.72 pp
1Y−1.22 pp
TTM−0.81 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹3,460 Cr
Mar 2018₹4,343 Cr
Mar 2019₹4,286 Cr
Mar 2020₹4,741 Cr
Mar 2021₹4,812 Cr
Mar 2022₹4,846 Cr
Mar 2023₹4,666 Cr
Mar 2024₹5,594 Cr
Mar 2025₹5,415 Cr
Mar 2026₹6,271 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹593 Cr
Mar 2018₹232 Cr
Mar 2019₹576 Cr
Mar 2020₹519 Cr
Mar 2021₹480 Cr
Mar 2022₹465 Cr
Mar 2023₹284 Cr
Mar 2024₹534 Cr
Mar 2025₹437 Cr
Mar 2026₹378 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹275 Cr +103.4% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Balrampur Chini Mills trades at a PE of 35.82 and a price-to-book of 3.02 as of 2026-11-03, with a market cap of ₹13,329.58 crore. The stock has delivered a 1-year return CAGR of 41% and compounded sales growth of 15% on a TTM basis, but trailing twelve-month profit has declined 11% and 3-year average ROE stands at 11%, reflecting mixed operational momentum in a cyclical sugar industry.

Bull Case 8
  • Strong recent stock performance with a 1-year price CAGR of 41%, significantly outpacing longer-term return averages
  • TTM sales growth of 15% marks an acceleration over the 5-year compounded sales growth of 5%, suggesting improving revenue momentum
  • Working capital requirements have been cut sharply from 43.8 days to 21.8 days, freeing up cash and improving capital efficiency
  • 10-year compounded sales growth of 9% demonstrates a sustained ability to grow the top line across commodity cycles
  • 3-year compounded sales growth of 10% and 3-year compounded profit growth of 10% show a reasonable medium-term trajectory
  • 10-year average ROE of 17% indicates the business has historically generated solid returns on shareholder equity over full sugar cycles
  • Stock is currently 16.2% below its 52-week high of ₹780.95, which may reflect some correction of earlier froth while still being well above the 52-week low of ₹393.55
  • 3-year stock price CAGR of 16% and 10-year CAGR of 19% show the company has rewarded long-term holders through cycles
Bear Case 8
  • TTM profit has declined 11%, signalling near-term earnings pressure even as sales grew 15%, pointing to margin compression
  • PE of 35.82 is elevated for a commodity-linked sugar company, implying the stock prices in meaningful future growth that may not materialise
  • Price-to-book of 3.02 (reported as 3.28 times book value) is rich for a capital-intensive sugar manufacturer
  • 5-year compounded profit growth is negative at -4%, indicating earnings have struggled over a meaningful medium-term horizon
  • 3-year average ROE of 11% and last-year ROE of 10% represent a significant decline from the 10-year average of 17%, suggesting diminishing return quality
  • Dividend payout has been low at 14.6% of profits over the last 3 years, with a current yield of just 0.58%, offering limited income support
  • Debt-to-equity ratio of 0.77 introduces financial leverage risk in an inherently cyclical industry subject to government policy on sugar pricing and exports
  • Concerns around potential capitalisation of interest costs could mean reported profits overstate true operating earnings

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

AI News Digest

12d ago

TL;DR: Balrampur Chini is making strategic moves beyond its core sugar business, securing a ₹75 crore government grant to develop next-generation bio-based PLA materials. Debt management remains disciplined with timely CP repayment. No material headwinds are visible in recent news flow. The bio-materials push via the PLA R&D facility and the larger 80,000 TPA commercial plant could be a meaningful long-term value driver if execution stays on track.

Positives 1
  • ₹75Cr BioE3 grant for PLA R&D Sep 24

    Balrampur Chini awarded ₹75 crore by DBT-BIRAC under the BioE3 initiative to set up a 100 TPA PLA Co-Polymer R&D facility in Kumbhi, UP. This complements the company's ongoing 80,000 TPA commercial PLA plant, strengthening its bio-materials diversification.

Neutral 1
  • ₹100Cr commercial paper repaid Sep 23

    Balrampur Chini confirmed full and timely repayment of ₹100 crore commercial paper maturing on September 23, 2026. Routine debt servicing with no concerns flagged.

Quarterly Results

₹ Cr
BALRAMCHIN quarterly results, ₹ crore
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 (₹)
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

Profit & Loss

₹ Cr
BALRAMCHIN profit and loss, annual, ₹ crore
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
5,525
5,645
Operating Profit
128
414
903
454
691
682
714
707
522
786
711
747
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
68
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 (₹)
−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%
—

Balance Sheet

₹ Cr
BALRAMCHIN balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
BALRAMCHIN cash flow, annual, ₹ crore
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
96

Ratios

BALRAMCHIN financial ratios, annual
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
22
Cash Conversion Cycle
155
294
359
123
243
188
207
213
224
250
279
236
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

Log in to view Balrampur Chini Mills insights

65 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 42.79%
  • DIIs 30.93%
  • Public 13.89%
  • FIIs 8.96%
  • Others 3.44%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

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.
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 PE ratio of Balrampur Chini Mills Ltd?
Balrampur Chini Mills Ltd trades at a PE ratio of 36.85 as of 4 Nov 2026, on earnings per share of ₹18.28, against a book value of ₹216.79 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 as of 4 Nov 2026.
Does Balrampur Chini Mills Ltd pay dividends?
Balrampur Chini Mills Ltd has a dividend yield of 0.53%.
What is the Return on Equity (ROE) of Balrampur Chini Mills Ltd?
Balrampur Chini Mills Ltd reported a return on equity of 9.51%. 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.

Website chini.com
CEO Mr. Vivek K. Saraogi
Employees 6,020
Listed 8 Feb 1995
Face Value ₹1

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