Balrampur Chini Mills Ltd (BALRAMCHIN) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500038 | NSE: BALRAMCHIN | Sugar | Small Cap

Balrampur Chini Mill Share Price

444.25 2.65 0.60%
as on 05-Dec'25 14:05

Balrampur Chini Mills Ltd (BALRAMCHIN) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500038 | NSE: BALRAMCHIN | Sugar | Small Cap

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Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Balrampur Chini Mills stock performance -

Key Ratios
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P/E Ratio (SA):
23.99
Market Cap:
8,918.1 Cr.
52-wk low:
419.8
52-wk high:
627

Is Balrampur Chini Mills Ltd an attractive stock to invest in?


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10 Year X-Ray of Balrampur Chini Mill: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Balrampur Chini Mills Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 6.1%25.4%13%19.9%16.1%16.6%17.7%10.2%13.8%9.8%-
Value Creation
Index
-0.60.8-0.10.40.20.20.3-0.20.0-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,7573,4604,3434,2864,7414,8124,8464,6665,5945,4155,909
Sales YoY Gr.-25.5%25.5%-1.3%10.6%1.5%0.7%-3.7%19.9%-3.2%-
Adj EPS 4.2269.524.622.72223.213.520.116.818.4
YoY Gr.-516.6%-63.5%160.2%-8%-3%5.6%-41.8%48.4%-16.2%-
BVPS (₹) 50.365.669.591.2107.8122.1135.2142.5161.4175.7182.6
Adj Net
Profit
103610216563498462474273405340372
Cash Flow from Ops. 1473461,180-523850649695453178425-
Debt/CF from Ops. 11.35.20.8-3.31.71.91.74.211.36.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.8%2.7%3.8%-3.2%
Adj EPS 16.7%-5.8%-10.2%-16.2%
BVPS14.9%10.3%9.1%8.9%
Share Price 19.9% 21.7% 5.1% -24.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.74413.830.722.418.717.89.713.29.910.3
Op. Profit
Mgn %
1526.110.516.214.414.814.611.214.113.112.6
Net Profit
Mgn %
3.717.6513.110.59.69.85.97.26.36.3
Debt to
Equity
1.41.20.60.80.60.50.40.70.60.70.2
Working Cap
Days
30025021024726325624024222727364
Cash Conv.
Cycle
16218412914114614014515815619020

Recent Performance Summary

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Latest Financials - Balrampur Chini Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 18.4 20.1
TTM Sales (₹ Cr.) 5,909 5,909
BVPS (₹.) 182.6 194.1
Reserves (₹ Cr.) 3,668 3,899
P/BV 2.42 2.28
PE 23.99 22.02
From the Market
52 Week Low / High (₹) 419.75 / 627.00
All Time Low / High (₹) 5.01 / 692.85
Market Cap (₹ Cr.) 8,918
Equity (₹ Cr.) 20.2
Face Value (₹) 1
Industry PE 20.8

Management X-Ray of Balrampur Chini Mill:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Balrampur Chini Mill - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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Key Ratios of Balrampur Chini Mill

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2,7573,4604,3434,2864,7414,8124,8464,6665,5945,415
Operating Expenses 2,3472,5913,8913,5974,0594,0994,1464,1544,8084,713
Manufacturing Costs9595120153144160165173218203
Material Costs1,9762,1573,4753,0573,5013,4563,4563,4093,9173,858
Employee Cost 151181204230254282308364399405
Other Costs 12515892156159201218207274247
Operating Profit 409870452689682713700512786702
Operating Profit Margin (%) 14.8%25.1%10.4%16.1%14.4%14.8%14.4%11.0%14.1%13.0%
Other Income 50252843393448637434
Interest 67555241643931498493
Depreciation 1121059596101112114130166173
Exceptional Items -1730000053000
Profit Before Tax 108734332595555596656397610470
Tax 71421112446126141121177127
Profit After Tax 100592221571509470515276433344
PAT Margin (%) 3.6%17.1%5.1%13.3%10.7%9.8%10.6%5.9%7.7%6.4%
Adjusted EPS (₹)4.125.29.725.023.222.425.213.721.517.0
Dividend Payout Ratio (%)0%14%26%10%11%11%10%18%14%18%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 1,2311,5411,5872,0832,3702,5642,7582,8753,2563,547
Share Capital 24242323222120202020
Reserves 1,2061,5181,5642,0602,3482,5432,7382,8553,2353,526
Minority Interest0000000000
Debt1,4911,7028761,6741,3991,1341,1041,6931,8742,537
Long Term Debt49612411279340242144429326489
Short Term Debt9941,5778661,3951,0598919601,2641,5472,048
Trade Payables418292780606670596308352295283
Others Liabilities 6206456676707808428661,1111,236880
Total Liabilities 3,7604,1803,9115,0335,2205,1365,0366,0316,6607,247

Fixed Assets

Gross Block1,4501,6211,7481,8162,1162,2002,3363,4093,6083,769
Accumulated Depreciation1102093023954926017038119691,123
Net Fixed Assets 1,3401,4121,4461,4221,6241,5991,6342,5992,6392,645
CWIP 866114612142042445106
Investments 484583120185177158236181181
Inventories1,8652,3141,8022,3162,2952,3782,2012,3192,8693,119
Trade Receivables199163182450239245137125126143
Cash Equivalents 74955331233
Others Assets 2162363786758597197007167971,050
Total Assets 3,7604,1803,9115,0335,2205,1365,0366,0316,6607,247

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 1473461,180-523850649695453178425
PBT 281734332595555596603397610470
Adjustment 154209143122156139134182250287
Changes in Working Capital -264-455823-1108238-3476-58-583-257
Tax Paid -20-141-118-132-99-53-119-68-100-76
Cash Flow From Investing Activity -147-115-159-159-305-81-309-859-225-880
Capex -152-122-132-126-242-98-396-844-221-880
Net Investments 3-0-38-36-691672-19-5-0
Others 271136015410
Cash Flow From Financing Activity -72-233-1,020682-546-569-38540647455
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 184-472-8125170-83-106220-156120
Interest Paid -73-65-54-39-64-42-30-41-84-102
Dividend Paid 0-86-59-57-55-53-51-51-61-61
Others -183389-827527-497-391-198277347497
Net Cash Flow -72-20-0-1-1-0-000

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.542.7314.1431.122.8719.0419.349.7814.1310.11
ROCE (%)6.1225.413.0219.8916.1416.617.6710.2213.829.81
Asset Turnover Ratio0.750.921.090.960.920.930.950.840.880.78
PAT to CFO Conversion(x)1.470.585.34-0.921.671.381.351.640.411.24
Working Capital Days
Receivable Days231814272718141089
Inventory Days224209171175177177172177169202
Payable Days107605683676748353027

Balrampur Chini Mills Ltd Stock News

Balrampur Chini Mills Ltd FAQs

The current trading price of Balrampur Chini Mill on 05-Dec-2025 14:05 is ₹444.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Balrampur Chini Mill stood at ₹8,918.1.
The latest P/E ratio of Balrampur Chini Mill as of 04-Dec-2025 is 23.99.
The latest P/B ratio of Balrampur Chini Mill as of 04-Dec-2025 is 2.42.
The 52-week high of Balrampur Chini Mill is ₹627.0 and the 52-week low is ₹419.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Balrampur Chini Mill is ₹5,909 ( Cr.) .

About Balrampur Chini Mills Ltd

Balrampur Chini Mills Limited (BCML) was incorporated in 1975 as a wholly-owned subsidiary company of Balrampur Sugar Company Limited, subsequently changing its name to Balrampur Commercial Enterprises Limited (‘BCEL’). By an indenture of conveyance dated 21st February, 1976, BCEL transferred the land, building, other assets as well as the entire staff of its Balrampur sugar factory (with effect from 1st July, 1975) to BCML. BCML ceased to be a subsidiary of BCEL with effect from 25th June, 1979 and its shares were listed on the Calcutta Stock Exchange (CSE) in 1979.

BCML is the second largest sugar manufacturing company in India with a significant strength in the manufacture of downstream products like power (co-generation) and ethanol.

Business area of the company

Balrampur Chini Mills is one of the largest integrated sugar manufacturers in India. Its business portfolio consists of manufacturing and marketing of sugar, ethyl alcohol, ethanol, generation and selling of power and also manufacturing and marketing of organic manure.

Products

  • Sugar
  • Molasses
  • Alcohol
  • Ethanol
  • Bagasse
  • Power

History and milestones

  • 1975: The Balrampur unit went into business with a crushing capacity of 800 TCD; this capacity was subsequently enhanced to 12,000 TCD.
  • 1976: By an indenture of conveyance, Balrampur Commercial Enterprises Limited came under the aegis of BCML with a transfer of land parcels, buildings, assets and the entire staff of the sugar factory. BCML ceased to be a subsidiary of BCEL. The shares were listed on the Calcutta Stock Exchange in 1979.
  • 1990: Acquired a controlling stake in Babhnan Sugar Mill Limited (crushing capacity 1,000 TCD in 1990). The mill was expanded and modernised, resulting in an increased crushing capacity from 2,500 TCD in 1992-93 to 10,000 TCD presently (Babhnan Sugar Mills Limited was merged with BCML with effect from 1st April 1994).
  • 1995: Commissioned a distillery in Balrampur; the capacity of 60 kilolitres per day was subsequently raised to 160 kilolitres per day.
  • 1998: Acquired a controlling stake in Tulsipur Sugar Company Limited, located near Balrampur in Eastern Uttar Pradesh with an installed capacity of 2,500 TCD. Tulsipur Sugar Company Limited was merged with BCML with effect from 1st April 1999; the crushing capacity of Tulsipur Sugar was subsequently expanded to 7,000 TCD.
  • 2003: Commissioned a bagasse-based cogeneration power plant with a capacity of 19.55 MW at Balrampur, which was subsequently increased to 24.55 MW.
  • 2004: Set up an integrated sugar complex at Haidergarh with a crushing capacity of 4,000 TCD and a bagasse-based cogeneration power plant (20.25 MW). The crushing capacity of the Haidergarh sugar division was since increased to 5,000 TCD.
  • 2004: Commissioned a cogeneration plant at the Babhnan unit (3 MW).
  • 2004: The Company commenced operations at Babhnan of a new distillery (60 kilolitres per day).
  • 2005: A greenfield sugar project with a capacity of 7,000 TCD was set up at Akbarpur along with a bagasse-based 18-megawatt cogeneration power plant. The crushing capacity was subsequently expanded to 7,500 TCD.
  • 2006: Set up a greenfield integrated sugar complex at Mankapur – sugar manufacturing capacity of 8,000 TCD, 34 MW co-generation power plant and a 100- KLPD distillery. The plant’s cogeneration capacity is currently 43.60 MW.
  • 2006: Acquired an integrated sugar unit at Rauzagaon from Dhampur Sugar Mills Ltd. The unit (then capable of crushing 7,500 TCD and generating 12 MW of power) was expanded to 8,000 TCD; power generation capacity was enhanced to 25.75 MW.
  • 2007: Set up a greenfield integrated sugar complex at Kumbhi, with a sugar crushing capacity of 8,000 TCD and 20 MW co-generation power plant. The cogeneration facility was expanded to 32.70 MW in 2014.
  • 2007: Another greenfield integrated sugar complex was set up at Gularia, with a crushing capacity of 8,000 TCD and cogeneration capacity of 31.3 MW.
  • 2007: Acquired a 53.96% stake in Indo Gulf Industries Limited (IGIL) and assumed control of its management. IGIL had a sugar unit with a crushing capacity of 3,000 TCD at Maizapur. The sugar division was demerged from IGIL and merged with BCML. During the year 2017, BCML sold its entire stake in IGIL after completion of the Open Offer formalities.
  • 2015: Invested in incinerators at the distillery for better environment management as well increased distillery operational days.
  • 2016-19: Carried out three share buyback schemes with a cumulative payout of Rs 421.67 crore under the buyback.
  • 2020: Commissioned a 160 KLPD distillery at Gularia to manufacture ethanol.
  • 2020: Converted the sugar manufacturing process of Tulsipur plant having capacity of 7000 TCD from double sulphitation to defco remelt Phospho-floatation process.
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