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 ₹ 7,318 Cr.
- Current Price ₹ 359
- High / Low ₹ 526 / 307
- Stock P/E 25.3
- Book Value ₹ 135
- Dividend Yield 0.70 %
- ROCE 16.1 %
- ROE 17.3 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- The company has delivered a poor sales growth of 6.97% over past five years.
* 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 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,977 | 2,310 | 3,275 | 2,665 | 2,987 | 2,757 | 3,460 | 4,343 | 4,286 | 4,741 | 4,812 | 4,846 | 4,685 | |
2,443 | 2,069 | 2,853 | 2,441 | 2,859 | 2,342 | 2,557 | 3,888 | 3,595 | 4,059 | 4,098 | 4,139 | 4,227 | |
Operating Profit | 534 | 240 | 421 | 224 | 128 | 414 | 903 | 454 | 691 | 682 | 714 | 707 | 458 |
OPM % | 18% | 10% | 13% | 8% | 4% | 15% | 26% | 10% | 16% | 14% | 15% | 15% | 10% |
12 | 24 | 41 | 21 | 13 | -130 | -8 | 38 | 47 | 52 | 47 | 36 | 58 | |
Interest | 149 | 147 | 144 | 118 | 102 | 67 | 55 | 52 | 41 | 64 | 39 | 31 | 33 |
Depreciation | 173 | 116 | 108 | 110 | 116 | 110 | 105 | 95 | 96 | 101 | 112 | 114 | 113 |
Profit before tax | 224 | 2 | 210 | 17 | -76 | 108 | 735 | 345 | 602 | 568 | 609 | 599 | 371 |
Tax % | 27% | 74% | 23% | 52% | 24% | 7% | 19% | 33% | 4% | 9% | 21% | 22% | |
Net Profit | 163 | 0 | 161 | 8 | -58 | 100 | 593 | 232 | 576 | 519 | 480 | 465 | 288 |
EPS in Rs | 6.35 | 0.02 | 6.60 | 0.35 | -2.37 | 4.09 | 25.23 | 10.14 | 25.21 | 23.61 | 22.85 | 22.77 | 14.12 |
Dividend Payout % | 12% | -0% | 30% | -0% | -0% | -0% | 14% | 25% | 10% | 11% | 11% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 4% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 101% |
5 Years: | -5% |
3 Years: | -6% |
TTM: | -32% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 25% |
3 Years: | 28% |
1 Year: | -19% |
Return on Equity | |
---|---|
10 Years: | 19% |
5 Years: | 20% |
3 Years: | 19% |
Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
26 | 24 | 24 | 24 | 24 | 24 | 24 | 23 | 23 | 22 | 21 | 20 | 20 | |
Reserves | 1,272 | 1,188 | 1,292 | 1,192 | 1,103 | 1,205 | 1,537 | 1,594 | 2,095 | 2,394 | 2,598 | 2,749 | 2,725 |
2,010 | 1,988 | 1,763 | 1,527 | 1,678 | 1,667 | 1,782 | 990 | 1,734 | 1,482 | 1,240 | 1,211 | 481 | |
507 | 1,007 | 1,144 | 1,416 | 1,099 | 805 | 685 | 1,093 | 851 | 910 | 774 | 512 | 355 | |
Total Liabilities | 3,815 | 4,207 | 4,223 | 4,159 | 3,904 | 3,701 | 4,027 | 3,700 | 4,703 | 4,808 | 4,634 | 4,492 | 3,582 |
1,717 | 1,615 | 1,523 | 1,524 | 1,377 | 1,340 | 1,412 | 1,446 | 1,422 | 1,624 | 1,599 | 1,634 | 1,659 | |
CWIP | 6 | 0 | 5 | 0 | 8 | 86 | 6 | 11 | 46 | 12 | 14 | 204 | 767 |
Investments | 2 | 42 | 42 | 41 | 41 | 48 | 74 | 122 | 166 | 244 | 249 | 173 | 194 |
2,091 | 2,549 | 2,653 | 2,594 | 2,479 | 2,226 | 2,535 | 2,121 | 3,070 | 2,927 | 2,772 | 2,482 | 962 | |
Total Assets | 3,815 | 4,207 | 4,223 | 4,159 | 3,904 | 3,701 | 4,027 | 3,700 | 4,703 | 4,808 | 4,634 | 4,492 | 3,582 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-629 | 196 | 556 | 462 | -76 | 147 | 346 | 1,180 | -523 | 850 | 649 | 695 | |
-126 | -57 | -9 | -63 | -23 | -147 | -117 | -159 | -159 | -305 | -81 | -309 | |
756 | -283 | -371 | -447 | 38 | -70 | -233 | -1,020 | 682 | -546 | -569 | -385 | |
Net Cash Flow | 1 | -144 | 176 | -48 | -62 | -70 | -4 | 0 | -0 | -1 | -1 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 11 | 23 | 20 | 9 | 19 | 26 | 17 | 15 | 38 | 18 | 19 | 10 |
Inventory Days | 268 | 411 | 273 | 365 | 243 | 344 | 391 | 189 | 277 | 239 | 251 | 232 |
Days Payable | 18 | 127 | 103 | 177 | 107 | 77 | 49 | 82 | 72 | 70 | 63 | 29 |
Cash Conversion Cycle | 261 | 307 | 190 | 197 | 155 | 294 | 359 | 123 | 243 | 188 | 207 | 213 |
Working Capital Days | 153 | 227 | 117 | 122 | 148 | 182 | 202 | 88 | 186 | 152 | 156 | 147 |
ROCE % | 14% | 5% | 11% | 5% | 1% | 12% | 26% | 13% | 20% | 16% | 17% | 16% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares 10h
- Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares 3 Feb
- Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares 2 Feb
- Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares 1 Feb
- Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares 31 Jan
Annual reports
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Financial Year 2022
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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
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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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]