181.15 -1.05 (-0.58%)

162.73% Gain from 52W Low

1.2M Volume

NSEJan 15, 2021 03:31 PM



Balrampur Chini Mills Ltd.    
30 Dec 2020
181.15
-0.58%
BOB Capital Markets Ltd.
Enhanced ethanol sales to support profitability
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Balrampur Chini Mills Ltd. has gained 45.15% in the last 6 Months
Balrampur Chini Mills Ltd.    
29 Dec 2020
181.15
-0.58%
BOB Capital Markets Ltd.
We recently interacted with the management of Balrampur Chini Mills (BRCM).
Balrampur Chini Mills Ltd. has gained 45.15% in the last 6 Months
Balrampur Chini Mills Ltd.    
06 Nov 2020
181.15
-0.58%
ICICI Securities Limited
BCML is most efficient sugar company with sustainable earnings & strong cash flow generation. It has been giving ~40% payout through dividends and buybacks. With the significant increase in cash flow generation, we expect payout to increase to 60% in FY22E, which would be more than~10% payout yield at current price. We value the stock at 1.6x FY21E...
Number of FIIs/FPIs increased from 161 to 168 in Sep 2020 qtr.
Balrampur Chini Mills Ltd.    
08 Sep 2020
181.15
-0.58%
ICICI Securities Limited
In the last two years, the usual cycle in sugar sector has been done away with by implementation of sugar MSP, export subsidy & sugar sacrifice for B heavy ethanol. This has led to sustainable earnings for sector. Industry wide sugar inventory would be down to 10.6 million tonnes (MT) from 14.7 MT last year due to 5.8 MT of exports and 0.8 MT of sugar sacrifice for B heavy ethanol. BCML has strengthened its balance sheet with aggressive exports and production of B heavy ethanol. We expect the company to sacrifice 1.2 lt for B heavy ethanol next season, which would keep inventory...
Balrampur Chini Mills Ltd. has gained 45.15% in the last 6 Months
Balrampur Chini Mills Ltd.    
10 Aug 2020
181.15
-0.58%
ICICI Securities Limited
With the 2.8 lakh tonnes (lt) of exports this season & higher domestic sales quota, BCML has been able to liquidate excess inventory in last six months. It is holding 5.5 lt of sugar, which is not more than six months of sales. By the time next crushing season starts, it would be holding at best 1.5 months of sugar inventory compared to five month's industry average. This would enable BCML to generate strong cash flow in FY21 as well and further reduce working capital requirement. It would not require to take any working capital debt by December 2020 for new crushing season (starts from October)....
BOB Capital Markets Ltd. released a Sell report for Balrampur Chini Mills Ltd. on 30 Dec, 2020.
Balrampur Chini Mills Ltd.    
25 Jun 2020
181.15
-0.58%
ICICI Securities Limited
With the commissioning of new 160 KLD distillery, it has been able to sell ~12 crore litre in FY20. We believe with 300-350 days of distillery operations, Balrampur would be able to produce 15.3 crore litre in FY21 & 17.9 crore litre in FY22E. With higher proportion of B heavy ethanol production, distillery realisation is likely to increase 8.4% to | 50/litre in FY21E. Further, it would be sacrificing ~1.0 lt of sugar in the process to produce B heavy ethanol. This would result in liquidation of excess inventory. We expect distillery...
Number of FIIs/FPIs increased from 161 to 168 in Sep 2020 qtr.
Balrampur Chini Mills Ltd.    
15 Apr 2020, 12:00AM
181.15
-0.58%
ICICI Securities Limited
We believe Balrampur would generate strong cash flow over the next two years, which would lead to a significant reduction in working capital debt requirement. Moreover, it has kept payment to shareholders (dividend, buy backs) at 40% of earnings. Currently, the stock is trading at 1.1x & 1x FY20E & FY21E P/BV, respectively. We value the stock at 1.5x FY21 PBV with a...
Balrampur Chini Mills Ltd. is trading above all available SMAs
Balrampur Chini Mills Ltd.    
03 Mar 2020
181.15
-0.58%
BOB Capital Markets Ltd.
Weekly Eco Wrap: Markets jittery as virus spreads. BRCM: Higher ethanol sales to support profitability. Automobiles: Feb'20 Auto Sales Weak for most segments; PVs, tractors ahead
Balrampur Chini Mill.. has an average target of 210.00 from 2 brokers.
Balrampur Chini Mills Ltd.    
02 Mar 2020
181.15
-0.58%

Balrampur Chini (NOT RATED): Higher ethanol sales to support profitability

BOB Capital Markets Ltd.
Key takeaways from our recent meeting with the management of Balrampur Chini Mills (BRCM).
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Balrampur Chini Mill.. has an average target of 210.00 from 2 brokers.
Balrampur Chini Mills Ltd.    
11 Feb 2020
181.15
-0.58%
ICICI Securities Limited
The company has commissioned a new 160 KLD distillery during the quarter. This has enabled BCL to sell up to 18 crore litre in a year. We expect sales volume of 11.8 crore & 16.6 crore litre in FY20E & FY21E, respectively. In the current crushing season, the company is diverting 40% of its sugarcane towards B heavy ethanol. BCL can divert up to 55% of its sugarcane toward B heavy ethanol to optimally utilise its distillery capacity. We expect 31.3% CAGR of distillery sales in FY19-21E. On a like to like basis, recovery rates have improved in current season. However, due to diversion...
Balrampur Chini Mills Ltd. is trading above all available SMAs