Balrampur Chini Mills Ltd
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.
BCML is one of the most efficient integrated sugar producers in the country. The Company has grown its capacity by well-planned capacity expansion projects and the acquisition of existing companies over recent years. [1]
- Market Cap ₹ 7,919 Cr.
- Current Price ₹ 392
- High / Low ₹ 431 / 307
- Stock P/E 27.9
- Book Value ₹ 143
- Dividend Yield 0.64 %
- ROCE 10.4 %
- ROE 10.0 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 19.1%
Cons
- Stock is trading at 2.73 times its book value
- The company has delivered a poor sales growth of 1.45% over past five years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,310 | 3,275 | 2,665 | 2,987 | 2,757 | 3,460 | 4,343 | 4,286 | 4,741 | 4,812 | 4,846 | 4,666 | |
2,069 | 2,853 | 2,441 | 2,859 | 2,342 | 2,557 | 3,888 | 3,595 | 4,059 | 4,098 | 4,139 | 4,154 | |
Operating Profit | 240 | 421 | 224 | 128 | 414 | 903 | 454 | 691 | 682 | 714 | 707 | 512 |
OPM % | 10% | 13% | 8% | 4% | 15% | 26% | 10% | 16% | 14% | 15% | 15% | 11% |
24 | 41 | 21 | 13 | -130 | -8 | 38 | 47 | 52 | 47 | 36 | 74 | |
Interest | 147 | 144 | 118 | 102 | 67 | 55 | 52 | 41 | 64 | 39 | 31 | 49 |
Depreciation | 116 | 108 | 110 | 116 | 110 | 105 | 95 | 96 | 101 | 112 | 114 | 130 |
Profit before tax | 2 | 210 | 17 | -76 | 108 | 735 | 345 | 602 | 568 | 609 | 599 | 408 |
Tax % | 74% | 23% | 52% | 24% | 7% | 19% | 33% | 4% | 9% | 21% | 22% | 30% |
Net Profit | 0 | 161 | 8 | -58 | 100 | 593 | 232 | 576 | 519 | 480 | 465 | 284 |
EPS in Rs | 0.02 | 6.60 | 0.35 | -2.37 | 4.09 | 25.23 | 10.14 | 25.21 | 23.61 | 22.85 | 22.77 | 14.07 |
Dividend Payout % | 0% | 30% | 0% | 0% | 0% | 14% | 25% | 10% | 11% | 11% | 11% | 35% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 1% |
3 Years: | -1% |
TTM: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 5% |
3 Years: | -17% |
TTM: | -39% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 40% |
3 Years: | 56% |
1 Year: | -3% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 19% |
3 Years: | 15% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
24 | 24 | 24 | 24 | 24 | 24 | 23 | 23 | 22 | 21 | 20 | 20 | |
Reserves | 1,188 | 1,292 | 1,192 | 1,103 | 1,205 | 1,537 | 1,594 | 2,095 | 2,394 | 2,598 | 2,749 | 2,875 |
1,988 | 1,763 | 1,527 | 1,678 | 1,667 | 1,782 | 990 | 1,734 | 1,482 | 1,240 | 1,211 | 1,880 | |
1,007 | 1,144 | 1,416 | 1,099 | 805 | 685 | 1,093 | 851 | 910 | 774 | 512 | 653 | |
Total Liabilities | 4,207 | 4,223 | 4,159 | 3,904 | 3,701 | 4,027 | 3,700 | 4,703 | 4,808 | 4,634 | 4,492 | 5,429 |
1,615 | 1,523 | 1,524 | 1,377 | 1,340 | 1,412 | 1,446 | 1,422 | 1,624 | 1,599 | 1,634 | 2,599 | |
CWIP | 0 | 5 | 0 | 8 | 86 | 6 | 11 | 46 | 12 | 14 | 204 | 24 |
Investments | 42 | 42 | 41 | 41 | 48 | 74 | 122 | 166 | 244 | 249 | 173 | 263 |
2,549 | 2,653 | 2,594 | 2,479 | 2,226 | 2,535 | 2,121 | 3,070 | 2,927 | 2,772 | 2,482 | 2,543 | |
Total Assets | 4,207 | 4,223 | 4,159 | 3,904 | 3,701 | 4,027 | 3,700 | 4,703 | 4,808 | 4,634 | 4,492 | 5,429 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
196 | 556 | 462 | -76 | 147 | 346 | 1,180 | -523 | 850 | 649 | 695 | 453 | |
-57 | -9 | -63 | -23 | -147 | -117 | -159 | -159 | -305 | -81 | -309 | -859 | |
-283 | -371 | -447 | 38 | -70 | -233 | -1,020 | 682 | -546 | -569 | -385 | 406 | |
Net Cash Flow | -144 | 176 | -48 | -62 | -70 | -4 | 0 | -0 | -1 | -1 | -0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 20 | 9 | 19 | 26 | 17 | 15 | 38 | 18 | 19 | 10 | 10 |
Inventory Days | 411 | 273 | 365 | 243 | 344 | 391 | 189 | 277 | 239 | 251 | 232 | 248 |
Days Payable | 127 | 103 | 177 | 107 | 77 | 49 | 82 | 72 | 70 | 63 | 29 | 38 |
Cash Conversion Cycle | 307 | 190 | 197 | 155 | 294 | 359 | 123 | 243 | 188 | 207 | 213 | 220 |
Working Capital Days | 227 | 117 | 122 | 148 | 182 | 202 | 88 | 186 | 152 | 156 | 147 | 160 |
ROCE % | 5% | 11% | 5% | 1% | 12% | 26% | 13% | 20% | 16% | 17% | 16% | 10% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
27 May - Secretarial Compliance Report for year ended March 31, 2023
- Intimation Sent To Shareholder - For Furnishing PAN, KYC Detail And Nomination 24 May
- Minutes Of Postal Ballot 22 May
- Operational Data For Sugar Season 2022-23 17 May
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
17 May - Transcript of the Q4 & FY23 Earnings Conference Call held on 12th May, 2023
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
from bse
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
Concalls
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May 2023Transcript PPT REC
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Feb 2021Transcript PPT
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Nov 2020Transcript PPT
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Aug 2020Transcript PPT
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Jun 2020Transcript PPT
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Feb 2020Transcript PPT
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Nov 2019Transcript PPT
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Aug 2019Transcript PPT
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May 2019Transcript PPT
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Feb 2019Transcript PPT
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Dec 2018Transcript PPT
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Aug 2018Transcript PPT
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May 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
Manufacturing Capabilities
The company owns and operates 10 manufacturing plants in Eastern & Central Uttar Pradesh. It has an installed crushing capacity of 76500 tonnes of cane per day(CPD). Its 4 distillery units operate at a capacity of 520 KLPD. Its 8 co-gen power units possess a total power output of ~170 MW. [1]
The company has approved capex of ~320 crores for setting up its 5th distillery of 320 KLPD capacity at Maizapur unit and 40 KLPD at Gularia and 170 KLPD at Balrampur. [2]