Balrampur Chini Mills Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Sugar: 72.1% • Distillery: 27.3% • Polylactic Acid (PLA): 0.4%
AI Sector View
AI GENERATEDFast Moving Consumer Goods
Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.
PROS
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.07x)
- Working capital cycle has improved - days down from 50 to 22
- Company has a consistent dividend-paying track record
- Company comfortably covers its interest (7.8x coverage)
CONS
- Recent results are weak - TTM profit is down 36.0% versus prior year
- Company has a low return on capital employed of 10.9%
- Free cash flow has been persistently negative
- Company has delivered a poor profit growth of -5.9% over past five years
- Company has delivered a poor sales growth of 5.4% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BALRAMCHIN | 699.20 | 39.87 | 14794.90 | 0.50 | 44.15 | -14.40 | 1636.79 | 6.13 | 9.29 | 7.36 |
| EIDPARRY | 756.00 | 28.94 | 13453.45 | 0.00 | 311.50 | -32.93 | 9017.52 | 3.37 | 23.60 | 8.33 |
| TRIVENI | 268.90 | 21.08 | 5925.56 | 1.02 | 3.65 | 73.81 | 1950.14 | -0.22 | 8.92 | 2.94 |
| RENUKA | 24.36 | 0.00 | 5185.00 | 0.00 | -251.50 | 4.59 | 2120.20 | 5.61 | -3.84 | -3.60 |
| BAJAJHIND | 21.37 | 44.14 | 5108.85 | 0.00 | -1847.00 | -961.49 | 11259.70 | 801.92 | 2.86 | -10.64 |
| BANARISUG | 3682.15 | 37.92 | 4617.31 | 0.34 | -10.92 | -171.57 | 172.45 | -58.81 | 9.33 | -3.00 |
| DALMIASUG | 432.85 | 14.80 | 3503.46 | 1.39 | 6.91 | — | 848.19 | -16.48 | 8.38 | 5.10 |
| AVADHSUGAR | 821.70 | 24.94 | 1644.91 | 1.22 | 0.23 | 102.78 | 779.25 | 8.74 | 6.50 | 4.68 |
| GODAVARIB | 238.95 | 5434.89 | 1222.85 | 0.00 | -19.32 | -20.62 | 557.88 | 4.62 | 5.79 | 0.09 |
| DHAMPURSUG | 170.85 | 15.63 | 1098.68 | 1.17 | 60.90 | 6592.31 | 7861.70 | 961.42 | 6.63 | 3.98 |
| UTTAMSUGAR | 282.65 | 12.40 | 1077.97 | 0.88 | 1.30 | -91.05 | 606.37 | -3.56 | 11.62 | 4.32 |
| DWARKESH | 46.73 | 59.76 | 865.91 | 0.21 | -257.31 | -2642.01 | 3581.31 | 783.26 | 4.64 | -7.18 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,390 | 1,539 | 1,230 | 1,434 | 1,422 | 1,298 | 1,192 | 1,504 | 1,542 | 1,671 | 1,454 | 1,604 | 1,637 | |
| 1,226 | 1,375 | 1,117 | 1,090 | 1,255 | 1,249 | 1,068 | 1,138 | 1,408 | 1,550 | 1,252 | 1,319 | 1,600 | |
| Operating Profit | 163 | 165 | 113 | 345 | 166 | 49 | 124 | 365 | 134 | 120 | 202 | 285 | 37 |
| OPM % | 11.74% | 10.71% | 9.22% | 24.03% | 11.69% | 3.78% | 10.38% | 24.29% | 8.70% | 7.21% | 13.88% | 17.75% | 2.27% |
| 12 | 38 | 19 | 4 | 8 | 8 | 7 | 9 | 6 | 9 | 10 | 12 | 15 | |
| Interest | 34 | 17 | 8 | 25 | 36 | 20 | 7 | 30 | 34 | 14 | 4 | 26 | 32 |
| Depreciation | 41 | 41 | 42 | 43 | 43 | 43 | 44 | 43 | 44 | 44 | 44 | 45 | 44 |
| Profit before Tax | 101 | 145 | 83 | 281 | 95 | -6 | 80 | 301 | 63 | 71 | 163 | 227 | 52 |
| Tax % | 31.54% | 26.55% | 27.16% | 29.89% | 32.10% | 40.00% | 21.58% | 26.92% | 31.80% | 34.91% | 34.63% | 33.18% | 25.86% |
| Net Profit | 69 | 106 | 60 | 197 | 65 | -4 | 63 | 220 | 43 | 46 | 107 | 152 | 39 |
| 3.44 | 5.27 | 2.99 | 9.78 | 3.20 | -0.17 | 3.11 | 10.90 | 2.13 | 2.28 | 5.28 | 7.50 | 1.88 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,460 | 4,343 | 4,286 | 4,741 | 4,812 | 4,846 | 4,666 | 5,594 | 5,415 | 6,271 | 6,366 | |
| 2,591 | 3,891 | 3,597 | 4,059 | 4,099 | 4,146 | 4,154 | 4,808 | 4,713 | 5,530 | 5,722 | |
| Operating Profit | 870 | 452 | 689 | 682 | 713 | 700 | 512 | 786 | 702 | 741 | 644 |
| OPM % | 25.13% | 10.40% | 16.08% | 14.38% | 14.81% | 14.44% | 10.98% | 14.05% | 12.96% | 11.82% | 10.12% |
| 25 | 28 | 43 | 39 | 34 | 101 | 63 | 74 | 34 | 37 | 45 | |
| Interest | 55 | 52 | 41 | 64 | 39 | 31 | 49 | 84 | 93 | 77 | 76 |
| Depreciation | 105 | 95 | 96 | 101 | 112 | 114 | 130 | 166 | 173 | 177 | 178 |
| Profit before Tax | 734 | 332 | 595 | 555 | 596 | 656 | 397 | 610 | 470 | 524 | 513 |
| Tax % | 19.32% | 33.43% | 4.10% | 8.23% | 21.19% | 21.50% | 30.59% | 29.00% | 26.90% | 33.70% | 33.14% |
| Net Profit | 592 | 221 | 571 | 509 | 470 | 515 | 276 | 433 | 344 | 347 | 343 |
| EPS | 24.25 | 9.41 | 24.98 | 22.98 | 22.01 | 24.86 | 13.66 | 21.47 | 17.03 | 17.19 | — |
| Dividend Payout % | 13.89% | 25.83% | 10.01% | 10.80% | 11.18% | 9.91% | 18.31% | 13.97% | 17.61% | 20.36% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 9%
- 5 Years:
- 5%
- 3 Years:
- 10%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 13%
- 5 Years:
- -6%
- 3 Years:
- 8%
STOCK PRICE CAGR
- 10 Years:
- 21%
- 5 Years:
- 14%
- 3 Years:
- 19%
- 1 Year:
- 34%
RETURN ON EQUITY
- 10 Years:
- 19%
- 5 Years:
- 13%
- 3 Years:
- 11%
- Last Year:
- 9%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 23 | 23 | 22 | 21 | 20 | 20 | 20 | 20 | 20 |
| 1,518 | 1,564 | 2,060 | 2,348 | 2,543 | 2,738 | 2,855 | 3,235 | 3,526 | 3,807 | |
| 1,708 | 880 | 1,700 | 1,414 | 1,142 | 1,107 | 1,693 | 1,874 | 2,538 | 3,081 | |
| Trade Payables | 292 | 780 | 606 | 670 | 596 | 308 | 352 | 295 | 283 | 501 |
| 639 | 664 | 644 | 766 | 834 | 863 | 1,110 | 1,235 | 880 | 1,198 | |
| Total Liabilities | 4,180 | 3,911 | 5,033 | 5,220 | 5,136 | 5,036 | 6,031 | 6,660 | 7,247 | 8,607 |
| 1,412 | 1,446 | 1,422 | 1,624 | 1,599 | 1,634 | 2,599 | 2,639 | 2,645 | 2,604 | |
| Capital Work in Progress | 6 | 11 | 46 | 12 | 14 | 204 | 24 | 45 | 106 | 1,747 |
| 45 | 83 | 120 | 185 | 177 | 158 | 236 | 181 | 181 | 181 | |
| 2,314 | 1,802 | 2,316 | 2,295 | 2,378 | 2,201 | 2,319 | 2,869 | 3,119 | 3,135 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 125 | 126 | 143 | 179 | |
| Cash & Bank | 4 | 9 | 5 | 5 | 3 | 3 | 12 | 3 | 3 | 4 |
| 398 | 560 | 1,125 | 1,098 | 965 | 837 | 716 | 797 | 1,050 | 757 | |
| Total Assets | 4,180 | 3,911 | 5,033 | 5,220 | 5,136 | 5,036 | 6,031 | 6,660 | 7,247 | 8,607 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 488 | 1,298 | -391 | 949 | 702 | 813 | 453 | 178 | 425 | 599 | |
| Cash from Investing | -115 | -159 | -159 | -305 | -81 | -309 | -859 | -225 | -880 | -947 |
| Cash from Financing | -233 | -1,020 | 682 | -546 | -569 | -385 | 406 | 47 | 455 | 347 |
| -2 | 0 | -0 | -1 | -1 | -0 | -0 | 0 | 0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-26 - Balrampur Chini Mills Limited has informed the Exchange about Schedule of meet
2026-08-24 - Balrampur Chini Mills Limited has informed that the Executive Committee of the Board of Directors of the Company have approved the allotment of 1,30,382 equity shares of Re 1/- each of the Company, fully paid up, at their meeting held today, i.e., 24th August, 2026, to the employees of the Company pursuant to exercise of Employees Stock Appreciation Rights, as per BCML Employees Stock Appreciation Rights Plan 2023 .
2026-08-22 - Balrampur Chini Mills Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-21 - Balrampur Chini Mills Limited has informed the Exchange regarding 'Letter To The Members Pursuant To Regulation 36(1)(B) Of SEBI (LODR) Regulations, 2015'.
2026-08-21 - Balrampur Chini Mills Limited has informed the Exchange regarding 'Book Closure for the 50th Annual General Meeting of the Company'.
2026-08-21 - Balrampur Chini Mills Limited has informed the Exchange regarding Notice of 50th Annual General Meeting to be held on September 16, 2026
2026-08-18 - Balrampur Chini Mills Limited has informed the Exchange about Transcript
2026-08-18 - Balrampur Chini Mills Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-12 - Balrampur Chini Mills Limited has informed the Exchange about Copy of Newspaper Publication regarding the Un-audited Financial Results (Standalone and Consolidated) for the quarter ended 30th June, 2026 published in Business Standard (National Daily) and Arthik Lipi (Regional daily) on Wednesday, 12th August, 2026
News
Recent coverage and analyst commentary for BALRAMCHIN
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