Balrampur Chini Share Price Target Forecast 2022, 2023, 2025, 2030

17 January 2022

Chandan Taparia recommends Balrampur Chini Mills, with a target price of Rs 463.

Balrampur Chini Mills gets a buy call from Chandan Taparia of Motilal Oswal with a target price of Rs 463. Balrampur Chini Mills Ltd. is now trading at Rs 441.7. When the price of Balrampur Chini Mills Ltd. may reach the set objective, the time frame indicated by the expert is Intra Day.

Balrampur Chini Mills Ltd., founded in 1975, is a Sugar-related Mid Cap business with a market capitalization of Rs 9011.43 crore.

Sugar, Alcohol (Industrial), Export Incentives, Power, Bagasse, Others, and Other Operating Revenue are among the important products/revenue segments for the year ending 31-Mar-2021 at Balrampur Chini Mills Ltd.

Financials

The firm reported a Consolidated Total Income of Rs 1218.23 Crore for the quarter ended September 30, 2021, up 6.33 percent from the previous quarter’s Total Income of Rs 1145.68 Crore but down -5.88 percent from the same quarter last year’s Total Income of Rs 1294.37 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 81.11 crore.

Reasons for Investing

After taking support at the 50 WMA, pole and flag breakout on the daily frame, higher highs-higher lows have been seen for the past three weeks.

FII Holdings/Promoter

As of December 31, 2021, promoters owned 42.42 percent of the company, FIIs 21.27 percent, and DIIs 14.61 percent.

EconomicsTimes.com is the source for this information.


10 NOVEMBER 2021

ICICI Direct: Balrampur Chini Share Price Target 2022; Buy For Rs 500

In a research report dated November 09, 2021, ICICI Direct Balrampur Chini suggested a buy rating on the stock with a target price of Rs 500.

Balrampur Chini (BCML) is India’s second biggest sugar firm, with 76000 TCD of sugar crushing capacity, 520 KLD of distillery capacity, and 91 MW of co-generation capacity. The sugarcane crushing capacity of this distillery is being modernised, de-bottlenecked, and modernised at numerous units, with a capex of 530 KLD. The distillery’s capacity will be increased from 160 million litres in FY21 to 350 million litres in FY24. Furthermore, the modernisation plan will result in increased cane crushing and improved recovery.

Outlook

The stock continues to get a BUY recommendation from us. We evaluate the company at 15x FY23 PE and value the shares at Rs 500.

Moneycontrol.com is the source for this information.


November 10, 2021

Q2 Results of Balrampur Chini

Balrampur Chini Standalone Net Sales in September 2021 were Rs 1,213.83 crore, down 5.89 percent year over year.

In September 2021, net sales were Rs 1,213.83 crore, down 5.89 percent. In September 2020, the company will have a market capitalization of 1,289.80 crore. Net profit for the quarter was Rs. 8.81 crore, up from Rs. 81.58 crore in September 2021. In September 2020, the amount will be 74.97 crore.

In September 2021, EBITDA was Rs. 139.25 crore, which was 5.25 percent more than in September 2021. In September 2020, the amount will be 132.31 crores. Balrampur Chini’s earnings per share (EPS) grew from Rs. 3.51 in September 2020 to Rs. 3.89 in September 2021.

Balrampur Chini’s consolidated net sales for September 2021 were Rs 1,213.83 crore, down 5.89 percent year over year.

In September 2021, net sales were Rs 1,213.83 crore, down 5.89 percent. In September 2020, the company will have a market capitalization of 1,289.80 crore. Quarterly Net Profit Rs. 83.10 crore, up 6.13 percent from September 2021. In September 2020, the amount will be 78.30 crore.

In September 2021, EBITDA was Rs. 139.25 crore, which was 5.25 percent more than in September 2021. In September 2020, the amount will be 132.31 crores. Balrampur Chini’s earnings per share (EPS) grew from Rs. 3.66 in September 2020 to Rs. 3.96 in September 2021.

Moneycontrol.com is the source for this information.


August 11, 2021

Q1 Results of Balrampur Chini

Balrampur Chini’s June 2021 net sales were Rs 1,140.44 crore, down 20.27 percent year over year.

Net sales have decreased by 20.27 percent from June 2021, when they were Rs 1,140.44 crore. In June 2020, the amount will be 1,430.34 crore. Net profit for the quarter was Rs 44.69 crore, down from Rs 76.93 crore in June 2021. In June 2020, the amount will be 139.09 crore.

In June 2021, EBITDA was Rs 139.27 crore, which is down 36.92 percent. In June 2020, the company will have a market capitalization of 220.78 crore. Balrampur Chini’s earnings per share (EPS) fell to Rs. from Rs. 3.66 in June 2021. In June 2020, the number will be 6.32.

Balrampur Chini Standalone Net Sales in June 2021 were Rs 1,140.44 crore, down 20.27 percent year over year.

Net sales have decreased by 20.27 percent from June 2021, when they were Rs 1,140.44 crore. In June 2020, the amount will be 1,430.34 crore. Net profit for the quarter was Rs 45.74 crore, down from Rs 73.03 crore in June 2021. In June 2020, the amount will be 134.57 crore.

In June 2021, EBITDA was Rs 139.25 crore, which is down 36.93 percent. In June 2020, the company will have a market capitalization of 220.78 crore. Balrampur Chini’s earnings per share (EPS) fell to Rs. from Rs. 3.48 in June 2021. In June 2020, the number will be 6.12.

Moneycontrol.com is the source for this information.


10 JUNE 2021

ICICI Direct has set a price target of Rs 385 for Balrampur Chini .

In its Research Report dated June 03, 2021, ICICI Direct is bullish on Balrampur Chini, giving the company a Recommended Buy Rating and a Target Price of Rs.385.

Due to improved distillery volumes and realisations, Balrampur Chini (BCML) recorded a 37.7% increase in operating profit in Q4FY21. Sugar exports were not available, resulting in a 41.4 percent drop in revenue and a similar drop in sugar segment sales. The business sold 1.9 lakh tonnes (litres) of sugar in the quarter, compared to 4.5 litres in the previous quarter, with sugar realisation remaining same at Rs 32.1/kg.

The corporation suffered a 22 percent drop in sugar output in the 2020-21 sugar season, owing to reduced sugarcane yields in its catchment region due to red rot disease. Sales in the distillery category increased by 18.1 percent, volume increased by 11.5 percent, and realisations increased by 4.7 percent. This segment’s increase was boosted by a higher share of B-heavy ethanol sales. In March 2021, 6.4 litres of BCML sugar cost Rs 31.3 per kilogramme.

Due to a tax write-off in the first quarter, PAT fell 2.5 percent to Rs 235. 5 crore. In FY11, the company’s total debt was reduced by Rs 250 crore, and it generated operational cash flow of Rs 648.9 crore, with good profitability.

Outlook

BCML is China’s most efficient corporation, with consistent earnings and high cash flow creation. We anticipate the corporation will enhance its shareholder payment (buybacks and dividends) from 40% to 60%. We believe the company is positioned to attain higher valuation multiples as the market sees the significant opportunity in the ethanol blending programme. We retain our BUY rating and value the company at 10 times FY23E earnings with a target price of Rs 385/share (earlier: Rs 285).

Moneycontrol.com is the source for this information.


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