NSE: BALRAMCHIN | BSE: 500038

Mid-range Performer

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536.20 -13.75 (-2.50%)

27.96% Gain from 52W Low

210.8K NSE+BSE Volume

NSE 29 Aug, 2025 3:31 PM (IST)

10,828.2

Market Cap

Market Leader

1.2

Beta 1Year

Very High Volatility

Balrampur Chini Mills Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BALRAMCHIN, BSE:500038 Balrampur Chini Mills Ltd.

Balrampur Chini Mills Ltd.

03 Jun 2021

536.20

-2.50%

Balrampur Chini Mills

Buy: Balrampur Chini Mills Ltd.

Target

ICICI Securities Limited

BCML is the most efficient sugar company with sustainable earnings and strong cash flow generation. We believe the company would increase shareholder's payout (buybacks, dividend) to ~60% from current 40% payout. We believe the market recognises the big opportunity in ethanol blending programme and the stock is poised to command better valuation multiples. We value the stock at 10x FY23E earnings with a target price of...

Balrampur Chini Mill.. has an average target of 673.00 from 1 broker.

Balrampur Chini Mills Ltd.

15 Mar 2021

536.20

-2.50%

First Light | Inflation and IIP, Balrampur Chini, IT Services

Not Rated: Balrampur Chini Mills Ltd.

BOB Capital Markets Ltd.

Inflation and IIP: IIP falls and inflation inches up. BRCM: Sugar prices subdued; ethanol sales to support profitability. IT Services: Reskilling to bridge workforce demand-supply gap

Balrampur Chini Mill.. has an average target of 673.00 from 1 broker.

Balrampur Chini Mills Ltd.

12 Mar 2021

536.20

-2.50%

Balrampur Chini (NOT RATED): Sugar prices subdued; ethanol sales to support profitability

Strategy Note: Balrampur Chini Mills Ltd.

BOB Capital Markets Ltd.

Key takeaways from our interaction with the management of Balrampur Chini Mills (BRCM).

Balrampur Chini Mill.. has an average target of 673.00 from 1 broker.

Balrampur Chini Mills Ltd.

04 Feb 2021

536.20

-2.50%

Balrampur Chini Mills

Buy: Balrampur Chini Mills Ltd.

Target

ICICI Securities Limited

Higher cost of production due to lower recoveries Sugar recoveries in current season is expected to be lower by 0.30 bps. This would increase the cost of production by | 1/kg. Further, sugar prices are at the lower end currently due to muted demand in winter months. However, we believe sugar prices would move up from April onwards in anticipation of reduction of sugar inventory due to 6 million tonnes (MT) of exports & lower than expected sugar production. With sugar production at 30 MT and consumption & export at 26.5 MT & 6 MT, respectively, sugar inventories...

Number of FII/FPI investors increased from 178 to 188 in Jun 2025 qtr.

Balrampur Chini Mills Ltd.

30 Dec 2020, 12:00AM

536.20

-2.50%

First Light | Balrampur Chini

Sell: Balrampur Chini Mills Ltd.

BOB Capital Markets Ltd.

Enhanced ethanol sales to support profitability

Number of FII/FPI investors increased from 178 to 188 in Jun 2025 qtr.

Balrampur Chini Mills Ltd.

29 Dec 2020

536.20

-2.50%

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

Not Rated: Balrampur Chini Mills Ltd.

BOB Capital Markets Ltd.

We recently interacted with the management of Balrampur Chini Mills (BRCM).

Number of FII/FPI investors increased from 178 to 188 in Jun 2025 qtr.

Balrampur Chini Mills Ltd.

06 Nov 2020

536.20

-2.50%

Balrampur Chini Mills

Buy: Balrampur Chini Mills Ltd.

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 FII/FPI investors increased from 178 to 188 in Jun 2025 qtr.

Balrampur Chini Mills Ltd.

08 Sep 2020

536.20

-2.50%

Balrampur Chini Mills

Buy: Balrampur Chini Mills Ltd.

Target

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...

Number of FII/FPI investors increased from 178 to 188 in Jun 2025 qtr.

Balrampur Chini Mills Ltd.

10 Aug 2020

536.20

-2.50%

Balrampur Chini Mills

Buy: Balrampur Chini Mills Ltd.

Target

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)....

Balrampur Chini Mills Ltd. is trading below all available SMAs

Balrampur Chini Mills Ltd.

25 Jun 2020

536.20

-2.50%

Balrampur Chini Mills

Buy: Balrampur Chini Mills Ltd.

Target

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 FII/FPI investors increased from 178 to 188 in Jun 2025 qtr.

Is Balrampur Chini Mills Ltd. worth buying?

498 Votes:

Buy 79.72%

Sell 8.63%

Hold 11.65%

RESEARCH REPORTS

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Buy SEE REPORTS >

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