Balrampur Chini Mills Ltd

Balrampur Chini Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Balrampur Chini Mills Ltd

₹ 392 0.40%
02 Jun - close price
chini.com BSE: 500038 NSE : BALRAMCHIN
About

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]

Key Points

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]

Website BSE NSE
  • 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
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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.

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
1,740 1,430 1,290 1,072 1,019 1,140 1,214 1,212 1,280 1,080 1,113 981 1,492
1,499 1,213 1,162 1,036 687 1,006 1,079 1,112 950 1,036 1,129 901 1,088
Operating Profit 241 217 128 36 332 134 135 100 330 44 -16 80 404
OPM % 14% 15% 10% 3% 33% 12% 11% 8% 26% 4% -1% 8% 27%
30 9 9 17 11 10 6 17 11 16 15 23 22
Interest 17 16 9 5 10 13 6 4 8 14 8 6 21
Depreciation 27 28 28 28 28 29 28 28 28 28 28 33 40
Profit before tax 227 183 99 20 306 102 107 86 304 18 -37 64 364
Tax % -7% 24% 21% -33% 23% 25% 22% 25% 21% 31% 22% 27% 30%
Net Profit 241 139 78 27 236 77 83 64 240 12 -29 46 254
EPS in Rs 10.97 6.32 3.73 1.28 11.21 3.66 3.98 3.14 11.79 0.61 -1.42 2.27 12.60
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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%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
41.10 41.21 41.21 41.21 41.21 41.40 42.42 42.42 42.42 42.42 42.43 42.89
19.04 20.26 20.06 21.57 20.79 20.89 19.10 17.00 16.22 15.27 13.86 13.52
12.39 11.39 13.99 15.06 16.24 15.19 16.79 19.25 19.28 18.20 19.76 20.91
27.47 27.14 24.73 22.16 21.76 22.52 21.69 21.33 22.08 24.11 23.94 22.67

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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