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Balrampur Chini Mills Ltd share Price Today

Company details

444.75
461.35
343.50
485.90
6M Return 14.75%
1Y Return 16.97%
Mkt Cap.(Cr) 9,024.23
Volume 2,354,865
Div Yield 0.66%
OI
-
OI Chg %
-
Volume 2,354,865

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Sugar prices up, recovery improves; profits to double
About The Stock

    Balrampur Chini (BCML) is the second largest sugar company with sugar crushing capacity of 78000 TCD, distillery capacity of 1050 KLD & co-generation capacity of 175.7 MW. It completed its distillery capex in December 2022, which has taken its total distillery capacity to 1050 KLD (35 crore litre).

    • BCML has changed sugarcane variety in more than 50% of catchment area. This would reduce dependence on Co-0238 and improve yield and recovery
Q4FY23 Results

    Reported strong results with 22% growth in operating profit.

    • Revenue witnessed growth of 16.6% led by ethanol sales growth of 57.8%
    • EBITDA was up 22% at ₹ 403.9 crore, with margins at 27.1%
    • Higher interest & income tax resulted in PAT growth of mere 5.8% to ₹ 254.4

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Research view on more stocks

Sugar company Balrampur Chini Mills announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Consolidated:

  • Revenue from Operations for Q4FY24 was Rs 1,434.26 crores as against Rs 1,491.53 crores in the corresponding quarter of the last year, representing a decrease of 3.8%
  • EBITDA (excluding Other Income) for Q4FY24 was Rs 344.72 crores as against Rs 403.89 crores in the corresponding quarter of the last year, representing a decrease of 14.6%
  • Total Comprehensive Income for Q4FY24 was Rs 208.71 crores as against Rs 255.96 crores in the corresponding quarter of the last year, representing a decrease of 18.5%.

Standalone:

  • Revenue from Operations for Q4FY24 was Rs 1,434.26 crores as against Rs 1,491.53 crores in the corresponding quarter of the last year, representing a decrease of 3.8%
  • EBITDA (excluding Other Income) for Q4FY24 was Rs 344.72 crores as against Rs 404.18 crores in the corresponding quarter of the last year, representing a decrease of 14.7%
  • Total Comprehensive Income for Q4FY24 was Rs 202.70 crores as against Rs 252.35 crores in the corresponding quarter of the last year, representing a decrease of 19.7%.

FY24 Financial Highlights:

Consolidated:

  • Revenue from Operations for FY24 was Rs 5,593.74 crores as against Rs 4,665.86 crores in FY23, representing an increase of 19.9%
  • EBITDA (excluding Other Income) for FY24 was Rs 786.17 crores as against Rs 512.04 crores in FY23, representing an increase of 53.5%
  • Total Comprehensive Income for FY24 was Rs 542.55 crores as against Rs 277.90 crores in FY23, representing an increase of 95.2%.

Standalone:

  • Revenue from Operations for FY24 was Rs 5,593.74 crores as against Rs 4,665.86 crores in FY23, representing an increase of 19.9%
  • EBITDA (excluding Other Income) for FY24 was Rs 786.17 crores as against Rs 512.33 crores in FY23, representing an increase of 53.5%
  • Total Comprehensive Income for FY24 was Rs 441.34 crores as against Rs 269.31 crores in FY23, representing an increase of 63.9%.

Commenting on the performance for Q4FY24, Vivek Saraogi, Chairman and Managing Director, Balrampur Chini Mills (BCML), said: “We delivered robust results during the year aided by strong volumes and realizations both in sugar and distillery segment.

During the year ended March 2024, sugarcane crushing was higher by ~16% and sugar production increased by ~27%. This increase is attributed to various cane development activities and varietal rebalancing undertaken by the Company and lower sugar diversion due to changes in the Ethanol policy. It has moderated the impact of increase of Rs.20 per quintal in SAP and helped to contain the carrying cost of inventory of sugar. The Company carried forward higher inventory of 68.6 lakh quintals as of March 31, 2024 valued at Rs.34.22/kg. (last year 51.2 lakh quintal valued at Rs.33.71/kg.).

For the ensuing season, IMD is forecasting a normal monsoon which will aid to better yields. Lower diversion of cane towards Gur- Khandsari and better yield should translate to higher cane availability in U.P. In contrast, lower cane is expected in Maharashtra and Karnataka due to lower acreage.

On the distillery front sales were higher by ~37% to 27.1 cr BL during the year. There has been no change in the Ethanol price under juice/syrup route and B-heavy route unlike in the past despite increase in FRP.

Expected sugar inventory at ~8.85 MMT as on 30th September 2024 in the country along with expected production of 31 MMT (pre-diversion) for the SS 24-25 and domestic consumption of around 29.5 MT provides enough headroom to the Government to carry on the blending programme under Juice & Bheavy route. In the past, we have seen that closing stock of 5.5 /6.00 MMT has been considered sufficient.

On the PLA Project, we have contracted with renowned global technology providers, setting the stage for the development of India's first integrated sugar-to-PLA bioplastics facility, projecting a new avenue for growth and market leadership.

At BCML, our commitment to sustainable value creation extends to optimizing every aspect of our operations, ensuring maximum value extraction from each stick of cane. Leveraging our integrated operations and strong financial health, we remain dedicated to deepening our relationships with the farming community and enhancing operational efficiencies. The introduction of the PLA project diversifies our product range and aligns with global environmental goals by offering a environment friendly alternative to traditional plastics.”

Result PDF

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Balrampur Chini Mills Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong Annual EPS Growth
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (3)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Fall in Quarterly Revenue and Net Profit (YoY)

Opportunity (2)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • RSI indicating price strength

Threats (1)

  • Companies with growing costs YoY for long term projects

Resistance and support

R1 457.5
R2 467.7
R3 474.1
Pivot

451.13

S1 440.9
S2 434.5
S3 424.3
EMA SMA
438.8
422.2
409.1
402.3
438.1
415.9
395.9
402.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-12-29 411.92 1127183 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-12-29 412.33 1040783 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-12-07 415.84 2330535 NSE
Name Category Shares
VIVEK SARAOGI PROMOTER 30.79%
SUMEDHA SARAOGI PROMOTER 2.67%
AVANTIKA SARAOGI PROMOTER 1.58%
MEENAKSHI MERCENTILES LTD PROMOTER 3.21%
UDAIPUR COTTON MILLS CO LTD PROMOTER 2.82%
NOVEL SUPPLIERS PVT LTD PROMOTER 1.76%

OUR RESEARCH VIEW

Investment recommendation
Sugar prices up, recovery improves; profits to double
Call Date
13 May 2023
Entry Price 387.00
Target Price 470.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Balrampur Chini Mills Ltd Stocks COMPARISON

Financials( in Cr) Balrampur Chini Mills Ltd EID Parry (India) Ltd Shree Renuka Sugars Ltd Triveni Engineering and Industries Ltd Bajaj Hindusthan Sugar Ltd
Price 447.30 766.55 50.21 405.40 42.48
% Change 2.46 -0.21 2.60 1.30 2.46
Mcap Cr 9,024.23 13,607.64 10,687.15 8,874.12 5,426.23
Revenue TTM Cr 5,593.74 35,243.80 9,020.75 5,616.84 6,104.32
Net Profit TTM Cr 534.47 1,827.74 -196.67 1,791.81 -86.92
PE TTM 21.05 15.43 0.00 22.90 0.00
1 Year Return 16.97 63.93 15.82 45.54 154.37
ROCE 13.43 39.86 0.00 17.30 0.00
ROE 13.77 32.04 0.00 23.28 0.00
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,400.96 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 7,979.66 51,130.08
LAST 3M 85,790.28 63,355.68
LAST 6M 176,360.83 62,258.99
LAST 12M 304,634.27 91,810.54

Balrampur Chini Mills Ltd Information

Stock PE (TTM)
21.05
Promoter Holding
42.9%
Book Value
168.5738
ROCE
13.43%
ROE
13.77%
Description
  • Balrampur Chini Mills Ltd. is a sugar manufacturing company, having a market capitalization of worth Rs. 5,389.65 Cr as of 16 April 2021. The company was incorporated in 1975. The company has reported its consolidated quarterly revenue of Rs 47412.94 Cr at the end of March 2020. The company is found listed in the Bombay Stock Exchange (BSE) with the code 500038 and also listed on National Stock Exchange (NSE) with the symbol BALRAMCHIN. The company claims to be the second-largest integrated company to manufacture sugar in India. Having ten factories in Uttar Pradesh, the company boasts about its capacity to crush 76'500 tons of canes. The company's distilleries possess a capacity of 520 kilolitres per day. It has a saleable cogeneration capacity to produce 165.20 megawatts. Balrampur Chini Mills Ltd. is counted as one of the most streamlined and the largest integrated sugar manufacturing companies in India. On 3 February 2021, the company announced that its Long-term Debt-Equity ratio stood at 0.17 as of 31 December 2020. The company's key Products/Revenue Segments include Sugar, Industrial Alcohol, Molasses, Ethanol, Power and Bagasse. In the year 2020, the company decided to set up a new distillery unit to increase the capacity of its distilleries by adding 320 KLPD, due to which the total capacity will be 840 KLPD. In this direction, the company decided to set up its 5th distillery at its Maizapur Unit. With the expansion of ethanol production, the industry stands out in the sector, which promises a strong growth in revenue & unswerving profitability, which would mean more payout yield. The company announced that its Long-term Debt-Equity ratio stood at 0.17 as of 31 December 2020. The company has secured a high credit quality LA rating from the rating agency ICRA to its Rs 8.41 billion long-term debt program and Rs 6.2 billion fund based bank limits, and an A1 rating to the Rs 685 million non-fund based limits of the company. It's also worth remembering that on 10 April 2021, the group confirmed that The Credit Rating Agency, ICRA Limited, has reaffirmed the long-term [ICRA] AA and short-term [ICRA]A1 Credit Ratings. Nonetheless, the long-term rating's outlook has been upgraded from stable to positive.

Registered Address

FMC Fortuna 2nd Floor, 234/3A A J C Bose Road, Kolkata, West Bengal, 700020

Tel : 91-33-22874749
Email : investorgrievances:bcml.in
Website : http://www.chini.com
Registrar

Balrampur Chini Mills Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500038
NSE Code : BALRAMCHIN
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE119A01028

FAQ’s on Balrampur Chini Mills Ltd Shares

You can buy Balrampur Chini Mills Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Balrampur Chini Mills Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 25, 2024 03:59 PM the closing price of Balrampur Chini Mills Ltd was Rs.447.30.

The latest PE ratio of Balrampur Chini Mills Ltd as of Jul 25, 2024 03:59 PM is 21.05

The latest PB ratio of Balrampur Chini Mills Ltd as of Jul 25, 2024 03:59 PM is 0.37

The 52-week high of Balrampur Chini Mills Ltd share price is Rs. 485.90 while the 52-week low is Rs. 343.50

According to analyst recommendations, Balrampur Chini Mills Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 25, 2024 03:59 PM, the market cap of Balrampur Chini Mills Ltd stood at Rs. 9,024.23 Cr.

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