Balrampur Chini Mills logo

Balrampur Chini Mills

BALRAMCHIN NSE

Key Fundamentals

MicrocapSugarConsumer Goods
Market Cap
₹14,079 Cr
Volatility
Moderate
P/E Ratio
35.51
EBITDA
₹778 Cr
Return on Equity
9.15%
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 3.17 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

Growth Rate

Revenue Growth
14.6% higher than 3Y
Net Income Growth
-13.37% lower than 3Y
Cash Flow Change
41% lower than 3Y
ROE
-20.5% lower than 3Y
ROCE
-17.71% higher than 3Y
EBITDA Margin (Avg.)
-14.37% higher than 3Y

AI Analysis — Bull vs Bear

2d ago
AI opinion · based on fundamentals
Risk medium

Balrampur Chini Mills has a market capitalisation of about Rs 14,461 crore and trades at 38.4x earnings and 3.1x book value. TTM sales grew 15% while TTM profit fell 11%, and 5-year profit growth is -4%. Return on equity has slipped from a 10-year average of 17% to 11% over 3 years and 10% last year, even as the stock has gained 48% over the past year.

Bull Case 7
  • Working capital requirements have fallen from 43.8 days to 21.8 days. That points to better inventory and receivables management in a business that holds a lot of sugar inventory.
  • Top-line momentum has picked up. TTM sales growth of 15% is well above the 3-year sales CAGR of 10% and the 5-year CAGR of 5%.
  • Over the long run, the stock has compounded at a 20% CAGR over 10 years and returned 48% over the past year. The market has rewarded the company's shift toward distillery and ethanol.
  • Profit grew at a 10% CAGR over 3 years, matching 3-year sales growth. Margins held up over that period despite the cyclical nature of sugar.
  • The 10-year ROE average of 17% shows the business has earned higher returns in better parts of the sugar and ethanol cycle. The current 10-11% may partly reflect where the cycle stands.
  • Revenue has grown at a 9% CAGR over 10 years, a fairly steady record for a commodity-linked sugar business with diversified ethanol and power streams.
  • Dividend yield is 0.52% and the payout ratio has been 14.6% over 3 years. The high retention of earnings leaves internal funds for capacity growth and new ventures.
Bear Case 8
  • At a P/E of 38.4x, the valuation is high for a business whose TTM profit fell 11% and whose 5-year profit CAGR is -4%.
  • Returns on capital have been falling. ROE has moved from a 10-year average of 17% to 12% over 5 years, 11% over 3 years and 10% last year.
  • Sales growth over five years has been weak at 5.44%, which puts the recent 15% TTM growth in the context of a slow long-term trend.
  • Price-to-book is about 3.1-3.28x while ROE is only 10-11%. That gap means investors are already pricing in a meaningful recovery in returns.
  • The company may be capitalising interest cost. If so, reported profit could look better than the underlying economics, and the full interest burden may only show up once projects are commissioned.
  • Stock returns were 13% CAGR over 5 years and 15% over 3 years, well below the 48% gained in the last year. Much of the recent rally is concentrated in a short window.
  • The 0.52% dividend yield and 14.6% payout over 3 years give shareholders little cash return, even though the company has a long profitable history.
  • Profit has lagged sales over 10 years, growing at a 5% CAGR against 9% for sales. That suggests the business has not been able to scale margins through the cycle.

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

AI News Digest

1d ago
Positives 2
  • ₹75 crore BioE3 grant for PLA Sep 24

    DBT-BIRAC awarded ₹75 crore under the BioE3 initiative to fund a 100 TPA PLA co-polymer R&D facility in Kumbhi, Uttar Pradesh. It complements the company's ongoing 80,000 TPA commercial PLA plant and strengthens its bio-based materials diversification beyond sugar.

  • ESG 'Leader' rating of 72 Sep 18

    SEBI-registered provider Niche99 assigned an ESG score of 72, classified as 'Leader'. The voluntary assessment was based on publicly available information and may support appeal to ESG-focused investors.

Neutral 2
  • ₹200 crore CP repaid on time Sep 23

    The company fully repaid ₹100 crore of commercial paper on Sep 18, 2026 (ISIN INE119A14898) and another ₹100 crore on Sep 23, 2026, both on schedule. Timely servicing of short-term debt points to sound liquidity management.

  • ₹3.50 final dividend approved Sep 16

    The 50th AGM on Sep 16, 2026 approved a final dividend of ₹3.50 per share. Shareholders also reappointed key directors and approved acceptance of the BIRAC grant assistance.

TL;DR: Balrampur Chini's recent news is mostly constructive. The ₹75 crore BioE3 grant and the 80,000 TPA PLA project strengthen its push into bioplastics, and the ESG 'Leader' rating adds to its credibility. On-time repayment of ₹200 crore in commercial paper and a ₹3.50 dividend point to steady finances, though these articles don't address core sugar-cycle risks such as cane pricing, export policy or ethanol realisations. The trend looks stable to improving, and how well the PLA plant is executed and commissioned will be the main thing to watch for a rerating.

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
5,525
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 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
96
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
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 + investor summaries across FY11–FY27.

Log in — free

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 ₹14,079 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 35.51, 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 0.53%.
What is the Return on Equity (ROE) of Balrampur Chini Mills Ltd?
Balrampur Chini Mills Ltd reported a return on equity of 9.15%. 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

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/BALRAMCHIN.md for Balrampur Chini Mills Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our MCP server.

Explore More

More in Consumer Goods → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List