Fundamental Analysis of Balrampur Chini Mills Ltd

About the Company - Balrampur Chini Mills Ltd

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.

INDUSTRY	ADDRESS	CONTACT
Sugar	FMC Fortuna, 2nd Floor, 234/3A, A J C Bose Road, Kolkata West Bengal 700020	investorgrievances@bcml.in http://www.chini.com

Management
Name	Position Held
Mr. Vivek Saraogi	Chairman & Managing Director
Mr. Praveen Gupta	Whole Time Director
Ms. Avantika Saraogi	Executive Director
Dr. Indu Bhushan	Independent Director
Mr. Chandra Kishore Mishra	Additional Director
Mr. Veena Hingarh	Independent Director
Ms. Mamta Binani	Independent Director

Basic Stock Data of Balrampur Chini Mills Ltd

Last Updated: July 26, 2024, 10:58 pm

Market Cap	9,318 Cr.
Current Price	461
High / Low	486/343
Stock P/E	21.5
Book Value	169
Dividend Yield	0.65 %
ROCE	13.5 %
ROE	13.8 %
Face Value	1.00
PEG Ratio	8.48

Data Source: screener.in

Balrampur Chini Mills Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	1,072	1,019	1,140	1,214	1,212	1,280	1,080	1,113	981	1,492	1,390	1,539	1,230
Expenses	1,036	687	1,006	1,079	1,112	950	1,036	1,129	901	1,088	1,226	1,375	1,117
Operating Profit	36	332	134	135	100	330	44	-16	80	404	163	165	113
OPM %	3%	33%	12%	11%	8%	26%	4%	-1%	8%	27%	12%	11%	9%
Other Income	17	11	10	6	17	11	16	15	23	22	18	116	60
Interest	5	10	13	6	4	8	14	8	6	21	34	17	8
Depreciation	28	28	29	28	28	28	28	28	33	40	41	41	42
Profit before tax	20	306	102	107	86	304	18	-37	64	364	107	223	123
Tax %	-33%	23%	25%	22%	25%	21%	31%	22%	27%	30%	31%	25%	26%
Net Profit	27	236	77	83	64	240	12	-29	46	254	74	166	91
EPS in Rs	1.28	11.21	3.66	3.98	3.14	11.79	0.61	-1.42	2.27	12.61	3.64	8.24	4.53

Last Updated: July 11, 2024, 9:09 am

Balrampur Chini Mills Ltd Quarterly Chart

Balrampur Chini Mills Ltd Profit & Loss

Last Updated: July 10, 2024, 3:24 pm

Month	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
Sales	2,310	3,275	2,665	2,987	2,757	3,460	4,343	4,286	4,741	4,812	4,846	4,666	5,402
Expenses	2,069	2,853	2,441	2,859	2,342	2,557	3,888	3,595	4,059	4,098	4,139	4,144	4,590
Operating Profit	240	421	224	128	414	903	454	691	682	714	707	522	812
OPM %	10%	13%	8%	4%	15%	26%	10%	16%	14%	15%	15%	11%	15%
Other Income	24	41	21	13	-130	-8	38	47	52	47	36	65	178
Interest	147	144	118	102	67	55	52	41	64	39	31	49	78
Depreciation	116	108	110	116	110	105	95	96	101	112	114	130	155
Profit before tax	2	210	17	-76	108	735	345	602	568	609	599	408	757
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	540
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	26.76
Dividend Payout %	0%	30%	0%	0%	0%	14%	25%	10%	11%	11%	11%	18%

Balrampur Chini Mills Ltd Profit & Loss Yearly Chart

Balrampur Chini Mills Ltd Growth

Compounded Sales Growth
10 Years:	8%
5 Years:	5%
3 Years:	5%
TTM:	20%

Compounded Profit Growth
10 Years:	56%
5 Years:	-5%
3 Years:	-3%
TTM:	53%

Stock Price CAGR
10 Years:	19%
5 Years:	25%
3 Years:	9%
1 Year:	18%

Return on Equity
10 Years:	18%
5 Years:	16%
3 Years:	14%
Last Year:	14%

Last Updated: July 17, 2024, 5:55 pm

Balrampur Chini Mills Ltd Balance Sheet

Last Updated: July 10, 2024, 3:24 pm

Month	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
Borrowings	1,988	1,763	1,527	1,678	1,667	1,782	990	1,734	1,482	1,240	1,211	1,880	549
Other Liabilities	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
Fixed Assets	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
Other Assets	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

Balrampur Chini Mills Ltd Reserves and Borrowings Chart

Balrampur Chini Mills Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	556	462	-76	147	346	1,180	-523	850	649	695	453	178
Cash from Investing Activity	-9	-63	-23	-147	-117	-159	-159	-305	-81	-309	-859	-225
Cash from Financing Activity	-371	-447	38	-70	-233	-1,020	682	-546	-569	-385	406	47
Net Cash Flow	176	-48	-62	-70	-4	0	-0	-1	-1	-0	-0	0

Balrampur Chini Mills Ltd Financial Efficiency Indicators

Month	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%

Balrampur Chini Mills Ltd Financial Efficiency Indicators Chart

Balrampur Chini Mills Ltd Share Holding Pattern

Month	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Promoters	41.21%	41.21%	41.40%	42.42%	42.42%	42.42%	42.42%	42.43%	42.89%	42.89%	42.89%	42.89%
FIIs	21.57%	20.79%	20.89%	19.10%	17.00%	16.22%	15.27%	13.86%	13.52%	13.67%	14.18%	10.49%
DIIs	15.06%	16.24%	15.19%	16.79%	19.25%	19.28%	18.20%	19.76%	20.91%	21.32%	22.13%	21.63%
Public	22.16%	21.76%	22.52%	21.69%	21.33%	22.08%	24.11%	23.94%	22.67%	22.11%	20.78%	24.98%
No. of Shareholders	87,449	1,18,985	1,29,174	1,37,340	1,73,901	1,92,746	2,12,332	1,97,917	1,87,241	1,82,725	1,83,340	2,24,016

Balrampur Chini Mills Ltd Shareholding Pattern Chart

No. of Balrampur Chini Mills Ltd Shareholders

Balrampur Chini Mills Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Small Cap Fund	9,291,212	1.09	405.84	1,839,296	2024-07-26	405.15%
Kotak Small Cap Fund - Regular Plan	4,227,074	1.48	184.64	1,839,296	2024-07-26	129.82%
Axis Small Cap Fund	2,078,266	0.56	90.78	1,839,296	2024-07-26	12.99%
HSBC Small Cap Fund - Regular Plan	1,949,900	0.73	85.17	1,839,296	2024-07-26	6.01%
Canara Robeco Small Cap Fund	1,839,296	1.03	80.34	1,839,296	2024-07-26	0%
Aditya Birla Sun Life Pure Value Fund	1,539,950	1.39	67.27	1,839,296	2024-07-26	-16.28%
Axis Business Cycles Fund	1,207,241	2.08	52.73	1,839,296	2024-07-26	-34.36%
HDFC Dividend Yield Fund	1,100,000	1.28	48.05	1,839,296	2024-07-26	-40.19%
ICICI Prudential Equity - Arbitrage Fund	1,020,800	0.32	44.59	1,839,296	2024-07-26	-44.5%
Quant Small Cap Fund	1,000,000	0.48	43.68	1,839,296	2024-07-26	-45.63%

Balrampur Chini Mills Ltd ROCE Trend

Balrampur Chini Mills Ltd EPS Trend

Balrampur Chini Mills Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	26.49	13.94	22.44	22.48	23.44
Diluted EPS (Rs.)	26.49	13.94	22.44	22.48	23.44
Cash EPS (Rs.)	33.44	19.93	27.77	27.24	27.86
Book Value[Excl.RevalReserv]/Share (Rs.)	168.57	143.52	135.74	124.72	109.80
Book Value[Incl.RevalReserv]/Share (Rs.)	168.57	143.52	135.74	124.72	109.80
Revenue From Operations / Share (Rs.)	277.26	231.27	237.50	229.13	215.51
PBDIT / Share (Rs.)	47.89	28.49	35.91	35.27	32.99
PBIT / Share (Rs.)	39.64	22.07	30.33	29.95	28.38
PBT / Share (Rs.)	35.50	19.66	28.76	28.08	25.47
Net Profit / Share (Rs.)	25.20	13.51	22.19	21.91	23.25
NP After MI And SOA / Share (Rs.)	26.49	14.09	22.77	22.85	23.61
PBDIT Margin (%)	17.27	12.31	15.11	15.39	15.30
PBIT Margin (%)	14.29	9.54	12.77	13.06	13.16
PBT Margin (%)	12.80	8.50	12.10	12.25	11.81
Net Profit Margin (%)	9.08	5.84	9.34	9.56	10.78
NP After MI And SOA Margin (%)	9.55	6.09	9.58	9.97	10.95
Return on Networth / Equity (%)	15.71	9.81	16.77	18.31	21.49
Return on Capital Employeed (%)	20.16	12.85	20.61	21.37	22.18
Return On Assets (%)	8.78	5.23	10.34	10.35	10.80
Long Term Debt / Equity (X)	0.09	0.14	0.05	0.09	0.14
Total Debt / Equity (X)	0.59	0.64	0.43	0.43	0.57
Asset Turnover Ratio (%)	0.97	0.94	1.06	1.03	1.00
Current Ratio (X)	1.43	1.31	1.60	1.63	1.46
Quick Ratio (X)	0.07	0.13	0.11	0.22	0.31
Inventory Turnover Ratio (X)	1.77	1.51	1.42	1.50	1.50
Dividend Payout Ratio (NP) (%)	11.32	17.89	10.97	10.94	10.59
Dividend Payout Ratio (CP) (%)	8.63	12.29	8.81	8.87	8.85
Earning Retention Ratio (%)	88.68	82.11	89.03	89.06	89.41
Cash Earning Retention Ratio (%)	91.37	87.71	91.19	91.13	91.15
Interest Coverage Ratio (X)	11.55	11.82	23.74	18.85	11.31
Interest Coverage Ratio (Post Tax) (X)	7.08	6.60	15.70	12.71	8.97
Enterprise Value (Cr.)	9300.53	9855.99	11202.27	5636.34	3681.20
EV / Net Operating Revenue (X)	1.66	2.11	2.31	1.17	0.77
EV / EBITDA (X)	9.63	17.15	15.29	7.61	5.07
MarketCap / Net Operating Revenue (X)	1.30	1.71	2.06	0.93	0.48
Retention Ratios (%)	88.67	82.10	89.02	89.05	89.40
Price / BV (X)	2.15	2.76	3.61	1.72	0.94
Price / Net Operating Revenue (X)	1.30	1.71	2.06	0.93	0.48
EarningsYield	0.07	0.03	0.04	0.10	0.22

Balrampur Chini Mills Ltd Profitability Ratios (%)

Balrampur Chini Mills Ltd Liquidity Ratios

Balrampur Chini Mills Ltd Liquidity Ratios (%)

Balrampur Chini Mills Ltd Interest Coverage Ratios (%)

Balrampur Chini Mills Ltd Valuation Ratios

Fair Value

Fair Value: 504.68

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.

Undervalued: 9.48% compared to the current price 461

Intrinsic Value: 517.48

Calculation basis:

Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 12.25% compared to the current price 461

Last 5 Year EPS CAGR: 2.54%

*Investments are subject to market risks

Strength and Weakness of Balrampur Chini Mills Ltd Stock

Strength	Weakness
The company has higher reserves (2,001.25 cr) compared to borrowings (1,580.25 cr), indicating strong financial stability. The company has shown consistent growth in sales (3.31 cr) and profit (375.69 cr) over the years.	The stock has a low average ROCE of 12.67%, which may not be favorable. The stock has a high average Working Capital Days of 156.92, which may not be favorable. The stock has a high average Cash Conversion Cycle of 225.00, which may not be favorable.

FAQ

What is the latest fair value of Balrampur Chini Mills Ltd?

The latest fair value of Balrampur Chini Mills Ltd is ₹504.68.

What is the Market Cap of Balrampur Chini Mills Ltd?

The Market Cap of Balrampur Chini Mills Ltd is 9,318 Cr..

What is the current Stock Price of Balrampur Chini Mills Ltd as on 27 July 2024?

The current stock price of Balrampur Chini Mills Ltd as on 27 July 2024 is 461.

What is the High / Low of Balrampur Chini Mills Ltd stocks in FY 2024?

In FY 2024, the High / Low of Balrampur Chini Mills Ltd stocks is 486/343.

What is the Stock P/E of Balrampur Chini Mills Ltd?

The Stock P/E of Balrampur Chini Mills Ltd is 21.5.

What is the Book Value of Balrampur Chini Mills Ltd?

The Book Value of Balrampur Chini Mills Ltd is 169.

What is the Dividend Yield of Balrampur Chini Mills Ltd?

The Dividend Yield of Balrampur Chini Mills Ltd is 0.65 %.

What is the ROCE of Balrampur Chini Mills Ltd?

The ROCE of Balrampur Chini Mills Ltd is 13.5 %.

What is the ROE of Balrampur Chini Mills Ltd?

The ROE of Balrampur Chini Mills Ltd is 13.8 %.

What is the Face Value of Balrampur Chini Mills Ltd?

The Face Value of Balrampur Chini Mills Ltd is 1.00.