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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Balrampur Chini Mills Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:48 am

Market Cap 10,878 Cr.
Current Price 539
High / Low 693/343
Stock P/E25.2
Book Value 176
Dividend Yield0.56 %
ROCE13.5 %
ROE13.8 %
Face Value 1.00
PEG Ratio9.94

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gayatri Sugars Ltd 98.0 Cr. 15.0 27.9/14.5 20.00.00 %93.2 %% 10.0
Dhampure Speciality Sugars Ltd 99.4 Cr. 125 142/75.767.6 35.60.00 %3.15 %3.78 % 10.0
Dhampur Bio Organics Ltd 793 Cr. 119 164/11275.4 1462.09 %5.02 %3.67 % 10.0
DCM Shriram Industries Ltd 1,658 Cr. 191 242/15013.6 1001.05 %16.1 %14.9 % 2.00
Davangere Sugar Company Ltd 525 Cr. 5.58 11.5/5.0142.4 3.640.00 %6.86 %3.75 % 1.00
Industry Average2,316.78 Cr312.1630.81224.520.65%13.00%13.21%6.37

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,0721,0191,1401,2141,2121,2801,0801,1139811,4921,3901,5391,230
Expenses1,0366871,0061,0791,1129501,0361,1299011,0881,2261,3751,117
Operating Profit3633213413510033044-1680404163165113
OPM %3%33%12%11%8%26%4%-1%8%27%12%11%9%
Other Income17111061711161523221811660
Interest5101364814862134178
Depreciation28282928282828283340414142
Profit before tax203061021078630418-3764364107223123
Tax %-33%23%25%22%25%21%31%22%27%30%31%25%26%
Net Profit2723677836424012-29462547416691
EPS in Rs1.2811.213.663.983.1411.790.61-1.422.2712.613.648.244.53

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,3103,2752,6652,9872,7573,4604,3434,2864,7414,8124,8464,6665,402
Expenses2,0692,8532,4412,8592,3422,5573,8883,5954,0594,0984,1394,1444,590
Operating Profit240421224128414903454691682714707522812
OPM %10%13%8%4%15%26%10%16%14%15%15%11%15%
Other Income24412113-130-8384752473665178
Interest147144118102675552416439314978
Depreciation1161081101161101059596101112114130155
Profit before tax221017-76108735345602568609599408757
Tax %74%23%52%24%7%19%33%4%9%21%22%30%
Net Profit01618-58100593232576519480465284540
EPS in Rs0.026.600.35-2.374.0925.2310.1425.2123.6122.8522.7714.0926.76
Dividend Payout %0%30%0%0%0%14%25%10%11%11%11%18%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-95.03%-825.00%272.41%493.00%-60.88%148.28%-9.90%-7.51%-3.12%-38.92%
Change in YoY Net Profit Growth (%)0.00%-729.97%1097.41%220.59%-553.88%209.15%-158.17%2.38%4.39%-35.80%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:5%
3 Years:5%
TTM:0%
Compounded Profit Growth
10 Years:56%
5 Years:-5%
3 Years:-3%
TTM:-20%
Stock Price CAGR
10 Years:25%
5 Years:25%
3 Years:19%
1 Year:39%
Return on Equity
10 Years:18%
5 Years:16%
3 Years:14%
Last Year:14%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:37 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital24242424242323222120202020
Reserves1,2921,1921,1031,2051,5371,5942,0952,3942,5982,7492,8753,3813,529
Borrowings1,7631,5271,6781,6671,7829901,7341,4821,2401,2111,8802,009604
Other Liabilities1,1441,4161,0998056851,093851910774512653678432
Total Liabilities4,2234,1593,9043,7014,0273,7004,7034,8084,6344,4925,4296,0884,586
Fixed Assets1,5231,5241,3771,3401,4121,4461,4221,6241,5991,6342,5992,6392,619
CWIP50886611461214204244693
Investments4241414874122166244249173263339412
Other Assets2,6532,5942,4792,2262,5352,1213,0702,9272,7722,4822,5433,0641,462
Total Assets4,2234,1593,9043,7014,0273,7004,7034,8084,6344,4925,4296,0884,586

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +556462-761473461,180-523850649695453178
Cash from Investing Activity +-9-63-23-147-117-159-159-305-81-309-859-225
Cash from Financing Activity +-371-44738-70-233-1,020682-546-569-38540647
Net Cash Flow176-48-62-70-40-0-1-1-0-00

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow240.00420.00223.00127.00413.00902.00-536.00690.00681.00713.00706.00521.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days2091926171538181910108
Inventory Days273365243344391189277239251232248268
Days Payable103177107774982727063293426
Cash Conversion Cycle190197155294359123243188207213224250
Working Capital Days11712214818220288186152156147156169
ROCE %11%5%1%12%26%13%20%16%17%16%10%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters41.40%42.42%42.42%42.42%42.42%42.43%42.89%42.89%42.89%42.89%42.89%42.89%
FIIs20.89%19.10%17.00%16.22%15.27%13.86%13.52%13.67%14.18%10.49%11.27%12.19%
DIIs15.19%16.79%19.25%19.28%18.20%19.76%20.91%21.32%22.13%21.63%20.76%22.58%
Public22.52%21.69%21.33%22.08%24.11%23.94%22.67%22.11%20.78%24.98%25.07%22.34%
No. of Shareholders1,29,1741,37,3401,73,9011,92,7462,12,3321,97,9171,87,2411,82,7251,83,3402,24,0162,39,9722,13,934

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund9,291,2121.09405.849,291,2122024-12-200%
Kotak Small Cap Fund - Regular Plan4,227,0741.48184.649,291,2122024-12-20-54.5%
Axis Small Cap Fund2,078,2660.5690.789,291,2122024-12-20-77.63%
HSBC Small Cap Fund - Regular Plan1,949,9000.7385.179,291,2122024-12-20-79.01%
Canara Robeco Small Cap Fund1,839,2961.0380.349,291,2122024-12-20-80.2%
Aditya Birla Sun Life Pure Value Fund1,539,9501.3967.279,291,2122024-12-20-83.43%
Axis Business Cycles Fund1,207,2412.0852.739,291,2122024-12-20-87.01%
HDFC Dividend Yield Fund1,100,0001.2848.059,291,2122024-12-20-88.16%
ICICI Prudential Equity - Arbitrage Fund1,020,8000.3244.599,291,2122024-12-20-89.01%
Quant Small Cap Fund1,000,0000.4843.689,291,2122024-12-20-89.24%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)26.4913.9422.4422.4823.44
Diluted EPS (Rs.)26.4913.9422.4422.4823.44
Cash EPS (Rs.)33.4419.9327.7727.2427.86
Book Value[Excl.RevalReserv]/Share (Rs.)168.57143.52135.74124.72109.80
Book Value[Incl.RevalReserv]/Share (Rs.)168.57143.52135.74124.72109.80
Revenue From Operations / Share (Rs.)277.26231.27237.50229.13215.51
PBDIT / Share (Rs.)47.8928.4935.9135.2732.99
PBIT / Share (Rs.)39.6422.0730.3329.9528.38
PBT / Share (Rs.)35.5019.6628.7628.0825.47
Net Profit / Share (Rs.)25.2013.5122.1921.9123.25
NP After MI And SOA / Share (Rs.)26.4914.0922.7722.8523.61
PBDIT Margin (%)17.2712.3115.1115.3915.30
PBIT Margin (%)14.299.5412.7713.0613.16
PBT Margin (%)12.808.5012.1012.2511.81
Net Profit Margin (%)9.085.849.349.5610.78
NP After MI And SOA Margin (%)9.556.099.589.9710.95
Return on Networth / Equity (%)15.719.8116.7718.3121.49
Return on Capital Employeed (%)20.1612.8520.6121.3722.18
Return On Assets (%)8.785.2310.3410.3510.80
Long Term Debt / Equity (X)0.090.140.050.090.14
Total Debt / Equity (X)0.590.640.430.430.57
Asset Turnover Ratio (%)0.970.941.061.031.00
Current Ratio (X)1.431.311.601.631.46
Quick Ratio (X)0.070.130.110.220.31
Inventory Turnover Ratio (X)1.771.511.421.501.50
Dividend Payout Ratio (NP) (%)11.3217.8910.9710.9410.59
Dividend Payout Ratio (CP) (%)8.6312.298.818.878.85
Earning Retention Ratio (%)88.6882.1189.0389.0689.41
Cash Earning Retention Ratio (%)91.3787.7191.1991.1391.15
Interest Coverage Ratio (X)11.5511.8223.7418.8511.31
Interest Coverage Ratio (Post Tax) (X)7.086.6015.7012.718.97
Enterprise Value (Cr.)9300.539855.9911202.275636.343681.20
EV / Net Operating Revenue (X)1.662.112.311.170.77
EV / EBITDA (X)9.6317.1515.297.615.07
MarketCap / Net Operating Revenue (X)1.301.712.060.930.48
Retention Ratios (%)88.6782.1089.0289.0589.40
Price / BV (X)2.152.763.611.720.94
Price / Net Operating Revenue (X)1.301.712.060.930.48
EarningsYield0.070.030.040.100.22

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 615.49

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Undervalued by 14.19% compared to the current share price 539.00

Intrinsic Value of as of December 21, 2024 is: 631.10

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 17.09% compared to the current share price 539.00

Last 5 Year EPS CAGR: 2.54%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (2,118.77 cr) compared to borrowings (1,505.15 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (3.31 cr) and profit (375.69 cr) over the years.
  1. The stock has a low average ROCE of 13.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 152.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 220.25, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 9.08%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 20.16% (Industry Average ROCE: 13%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 15.71% (Industry Average ROE: 13.21%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 7.08
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.07
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 25.2 (Industry average Stock P/E: 30.81)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.59
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Balrampur Chini Mills Ltd. is a Public Limited Listed company incorporated on 14/07/1975 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L15421WB1975PLC030118 and registration number is 030118. Currently Company is involved in the business activities of Electric power generation using other non conventional sources. Company’s Total Operating Revenue is Rs. 4846.03 Cr. and Equity Capital is Rs. 20.40 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
SugarFMC Fortuna, 2nd Floor, 234/3A, A J C Bose Road, Kolkata West Bengal 700020investorgrievances@bcml.in
http://www.chini.com
Management
NamePosition Held
Mr. Vivek SaraogiChairman & Managing Director
Mr. Praveen GuptaWhole Time Director
Ms. Avantika SaraogiExecutive Director
Dr. Indu BhushanIndependent Director
Mr. Chandra Kishore MishraAdditional Director
Mr. Veena HingarhIndependent Director
Ms. Mamta BinaniIndependent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹615.49, which is 14.19% higher than the current market price of ₹539.00. The stock has a market capitalization of 10,878 Cr. and recorded a high/low of 693/343 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,529 Cr and total liabilities of ₹4,586 Cr.

What is the Market Cap of ?

The Market Cap of is 10,878 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 539.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 693/343.

What is the Stock P/E of ?

The Stock P/E of is 25.2.

What is the Book Value of ?

The Book Value of is 176.

What is the Dividend Yield of ?

The Dividend Yield of is 0.56 %.

What is the ROCE of ?

The ROCE of is 13.5 %.

What is the ROE of ?

The ROE of is 13.8 %.

What is the Face Value of ?

The Face Value of is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE