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 ₹ 7,647 Cr.
- Current Price ₹ 379
- High / Low ₹ 486 / 343
- Stock P/E 13.1
- Book Value ₹ 156
- Dividend Yield 0.79 %
- ROCE 10.4 %
- ROE 10.0 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- The company has delivered a poor sales growth of 1.45% over past five years.
- Dividend payout has been low at 13.2% of profits over last 3 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,310 | 3,275 | 2,665 | 2,987 | 2,757 | 3,460 | 4,343 | 4,286 | 4,741 | 4,812 | 4,846 | 4,666 | 5,651 | |
2,069 | 2,853 | 2,441 | 2,859 | 2,342 | 2,557 | 3,888 | 3,595 | 4,059 | 4,098 | 4,139 | 4,144 | 4,806 | |
Operating Profit | 240 | 421 | 224 | 128 | 414 | 903 | 454 | 691 | 682 | 714 | 707 | 522 | 845 |
OPM % | 10% | 13% | 8% | 4% | 15% | 26% | 10% | 16% | 14% | 15% | 15% | 11% | 15% |
24 | 41 | 21 | 13 | -130 | -8 | 38 | 47 | 52 | 47 | 36 | 65 | 215 | |
Interest | 147 | 144 | 118 | 102 | 67 | 55 | 52 | 41 | 64 | 39 | 31 | 49 | 80 |
Depreciation | 116 | 108 | 110 | 116 | 110 | 105 | 95 | 96 | 101 | 112 | 114 | 130 | 164 |
Profit before tax | 2 | 210 | 17 | -76 | 108 | 735 | 345 | 602 | 568 | 609 | 599 | 408 | 817 |
Tax % | 74% | 23% | 52% | 24% | 7% | 19% | 33% | 4% | 9% | 21% | 22% | 30% | |
0 | 161 | 8 | -58 | 100 | 593 | 232 | 576 | 519 | 480 | 465 | 284 | 586 | |
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 | 14.09 | 29.02 |
Dividend Payout % | 0% | 30% | 0% | 0% | 0% | 14% | 25% | 10% | 11% | 11% | 11% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 1% |
3 Years: | -1% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 4% |
3 Years: | -17% |
TTM: | 116% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 21% |
3 Years: | 13% |
1 Year: | -10% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 24 | 24 | 24 | 24 | 24 | 24 | 23 | 23 | 22 | 21 | 20 | 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 | 3,128 |
1,988 | 1,763 | 1,527 | 1,678 | 1,667 | 1,782 | 990 | 1,734 | 1,482 | 1,240 | 1,211 | 1,880 | 549 | |
1,007 | 1,144 | 1,416 | 1,099 | 805 | 685 | 1,093 | 851 | 910 | 774 | 512 | 653 | 471 | |
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 | 4,168 |
1,615 | 1,523 | 1,524 | 1,377 | 1,340 | 1,412 | 1,446 | 1,422 | 1,624 | 1,599 | 1,634 | 2,599 | 2,553 | |
CWIP | 0 | 5 | 0 | 8 | 86 | 6 | 11 | 46 | 12 | 14 | 204 | 24 | 132 |
Investments | 42 | 42 | 41 | 41 | 48 | 74 | 122 | 166 | 244 | 249 | 173 | 263 | 291 |
2,549 | 2,653 | 2,594 | 2,479 | 2,226 | 2,535 | 2,121 | 3,070 | 2,927 | 2,772 | 2,482 | 2,543 | 1,192 | |
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 | 4,168 |
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 | 34 |
Cash Conversion Cycle | 307 | 190 | 197 | 155 | 294 | 359 | 123 | 243 | 188 | 207 | 213 | 224 |
Working Capital Days | 227 | 117 | 122 | 148 | 182 | 202 | 88 | 186 | 152 | 156 | 147 | 156 |
ROCE % | 5% | 11% | 5% | 1% | 12% | 26% | 13% | 20% | 16% | 17% | 16% | 10% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Apr
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Announcement under Regulation 30 (LODR)-Change in Directorate
29 Mar - Resignation of Mr. Naresh Dayal (Non Executive Non - Independent Director) and completion of tenure of Mr. DInesh Kumar Mittal and Mr. Krishnava Satyaki Dutt …
- Board Meeting Outcome for Outcome Of The Board Meeting Held On 29Th March, 2024 29 Mar
- Closure of Trading Window 27 Mar
- Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011 22 Mar
Annual reports
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Financial Year 2023
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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 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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Financial Year 2009
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Concalls
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Manufacturing Capabilities
The company owns and operates 10 manufacturing plants in Eastern & Central Uttar Pradesh. Their manufacturing facilities are located in Balrampur, Babhnan, Tulsipur, Akbarpur, Gularia, Maizapur, Mankapur, Rauzagaon, Haidergarh and Kumbhi. It has an installed crushing capacity of ~80,000 TCD per day. Its 5 distillery units operate at a capacity of 1050 KLPD. Its 10 co-gen power units generate power output of ~176 MW.
[1][2] The commissioning of distillery at Maizapur is likely to emerge as a game-changer. The
flexibility to consume three different resources will enable this plant to operate ~330 days/yr making the ROI much faster. [3]