Balrampur Chini Mills Ltd

Balrampur Chini Mills is engaged in transforming from an integrated sugar manufacturer to a predominantly green energy organisation.(Source : 201903 Annual Report Page No: 03)

  • Market Cap: 2,727 Cr.
  • Current Price: 123.95
  • 52 weeks High / Low 195.00 / 68.80
  • Book Value: 97.13
  • Stock P/E: 4.87
  • Dividend Yield: 2.02 %
  • ROCE: 19.54 %
  • ROE: 30.62 %
  • Sales Growth (3Yrs): 15.85 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Edit ratios
Pros:
Company has good consistent profit growth of 153.61% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 29.15%
Cons:
Tax rate seems low
Company might be capitalizing the interest cost
Promoters have pledged 73.06% of their holding.
Debtor days have increased from 23.60 to 38.33 days.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Sugar // Industry: Sugar

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
846 1,078 1,237 1,002 1,026 1,003 1,015 941 1,327 948 857 1,196
581 872 1,093 892 1,034 873 874 781 1,069 773 702 1,086
Operating Profit 265 207 144 109 -8 129 141 160 258 176 155 110
OPM % 31% 19% 12% 11% -1% 13% 14% 17% 19% 19% 18% 9%
Other Income 6 7 4 6 11 6 8 22 8 5 6 7
Interest 19 26 13 1 12 17 8 2 14 23 17 8
Depreciation 25 24 24 24 23 23 24 25 24 24 25 25
Profit before tax 226 163 111 90 -32 95 117 154 229 134 119 84
Tax % 11% 27% 26% 32% -33% 23% 22% 22% -25% 20% 18% 17%
Net Profit 200 120 82 61 -43 74 91 120 286 107 98 70
EPS in Rs 8.29 5.11 3.51 2.61 -1.82 3.22 3.98 5.27 12.51 4.71 4.44 3.18
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Sep 2007 Sep 2008 Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,374 1,453 1,698 2,977 2,310 3,275 2,665 2,987 2,757 3,460 4,343 4,286 4,329
1,286 1,138 1,245 2,444 2,071 2,854 2,446 2,860 2,346 2,561 3,891 3,597 3,630
Operating Profit 88 316 453 532 239 421 219 126 411 899 452 689 699
OPM % 6% 22% 27% 18% 10% 13% 8% 4% 15% 26% 10% 16% 16%
Other Income 19 25 12 10 27 42 21 15 -127 -5 28 43 25
Interest 63 101 108 149 147 144 118 102 67 55 52 41 61
Depreciation 80 117 108 168 111 108 109 116 110 105 95 96 98
Profit before tax -36 122 249 226 8 211 13 -76 108 734 332 595 566
Tax % -18% 21% 9% 27% 15% 23% 71% 24% 7% 19% 33% 4%
Net Profit -42 97 227 164 7 162 4 -58 100 592 221 571 560
EPS in Rs 0.00 3.71 8.31 4.20 0.27 6.29 0.15 0.00 4.09 24.46 9.68 24.98 24.84
Dividend Payout % -0% 13% 34% 12% 0% 30% 0% -0% 0% 14% 26% 10%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:11.42%
5 Years:9.97%
3 Years:15.85%
TTM:8.65%
Compounded Profit Growth
10 Years:19.11%
5 Years:153.61%
3 Years:33.33%
TTM:131.39%
Stock Price CAGR
10 Years:4.89%
5 Years:24.86%
3 Years:-5.30%
1 Year:-18.80%
Return on Equity
10 Years:16.14%
5 Years:22.04%
3 Years:29.15%
Last Year:30.62%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Sep 2007 Sep 2008 Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
25 26 26 26 24 24 24 24 24 24 23 23 22
Reserves 839 990 1,150 1,272 1,194 1,299 1,194 1,105 1,207 1,518 1,564 2,060 2,115
Borrowings 1,286 1,351 972 2,007 1,984 1,760 1,524 1,675 1,661 1,782 990 1,734 1,526
574 401 461 507 1,006 1,143 1,415 1,099 804 672 1,084 841 368
Total Liabilities 2,723 2,767 2,609 3,812 4,209 4,226 4,157 3,903 3,697 3,995 3,661 4,657 4,031
1,588 1,876 1,770 1,710 1,612 1,521 1,522 1,375 1,339 1,412 1,446 1,422 1,420
CWIP 332 7 7 6 0 5 0 8 86 6 11 46 165
Investments 3 5 127 4 44 43 41 41 48 45 83 120 195
800 878 705 2,092 2,551 2,657 2,594 2,479 2,224 2,532 2,121 3,070 2,251
Total Assets 2,723 2,767 2,609 3,812 4,209 4,226 4,157 3,903 3,697 3,995 3,661 4,657 4,031

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Sep 2007 Sep 2008 Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
98 61 642 -619 195 555 462 -76 147 346 1,180 -523
-738 -75 -23 -126 -55 -8 -63 -23 -147 -117 -159 -159
641 33 -499 745 -283 -371 -447 38 -72 -233 -1,020 682
Net Cash Flow 0 19 120 0 -144 177 -48 -62 -72 -4 0 -0

Ratios Standalone Figures in Rs. Crores / View Consolidated

Sep 2007 Sep 2008 Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 2% 10% 16% 14% 5% 11% 5% 1% 12% 26% 13% 20%
Debtor Days 12 12 4 11 23 20 9 19 26 17 15 38
Inventory Turnover 3.33 1.78 2.28 2.22 1.02 1.30 1.05 1.33 1.12 1.03 1.69 1.48