BALRAMCHINFast Moving Consumer Goods

Balrampur Chini Mills Limited

Sugar · ISIN INE119A01028 · BSE 500038 · NSE EQ · FV ₹1
Last price
₹676
-1.01%today
What this company does

Balrampur Chini Mills Limited operates in Sugar, part of the Fast Moving Consumer Goods sector. It booked ₹1,637 cr of revenue in its latest quarter (Q1 FY27) and kept 2.7% of sales as profit. It is the 2nd largest of 9 Sugar companies we track, by market value.

42out of 100
Equitytale Health Score
Strained

Healthier than 42% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 89–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
50

At close. Not part of the score.

Profitability & returns25

How much profit it earns on the money it employs

Balance sheet25

How much it owes, and whether earnings cover the interest

Cash quality45

Whether reported profit actually arrives as cash

Growth & consistency69

Whether sales and profit have grown, and how steadily

Valuation21

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 6% vs last year
Promoters hold 43%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 2.7% net margin
! Profit down 14% vs last year
! Low 4.3% return on equity

What if I invest in BALRAMCHIN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹676 -1.01%
latest close · 2026-09-17
1-year return
+83.7%
52-wk low ₹29852-wk high ₹781
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio78.2High
LowAverageHigh
P/B ratio3.45High
Below bookModerateHigh
EV / EBITDA33.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity4.3%Weak
WeakFairStrong ▸15%
Return on capital6.3%Weak
WeakFairStrong
Net margin2.7%Thin
ThinDecentStrong
EBITDA margin7.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.77Moderate
LowModerateHigh ▸1
Interest cover2.6×Okay
RiskyOkayStrong ▸5×
Current ratio1.13Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹14,275 cr
Book value
₹196
EPS
₹2.16
latest quarter
Net debt
₹3,169 cr
owes more than its cash
Enterprise value
₹17,444 cr
EBITDA
₹515 cr
annualised
EBIT
₹338 cr
annualised
Operating margin
5.2%
Return on assets
2.1%
Earnings yield
1.28%
P/S
2.18
Sales / share
₹309.9
Tax rate
27.6%
Face value
₹1
Shares
21.1 cr
Working capital
₹379 cr
Current assets
₹3,384 cr
Current liabilities
₹3,005 cr
Delivery %
17.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹183₹311, midpoint ₹199

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,637 cr
Other Income₹15 cr
Total Income₹1,652 cr
Cost of Materials₹260 cr
Purchases of Stock-in-Trade₹24 cr
Inventory Change (±)₹1,025 cr
Employee Benefit Expense₹100 cr
Finance Costs₹32 cr
Depreciation & Amortisation₹44 cr
Other Expenses₹115 cr
Total Expenses₹1,600 cr
Profit before Tax₹52 cr
Tax Expense₹14 cr
Share of JV / Associates₹6 cr
Net Profit₹44 cr
Net margin on total income2.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,308 cr78.9%
Employee benefit expense₹100 cr6.0%
Finance costs₹32 cr2.0%
Depreciation & amortisation₹44 cr2.7%
Other expenses₹115 cr6.9%
Tax expense₹14 cr0.9%
Profit for the period₹44 cr2.7%
Total income ₹1,652 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,454 cr1,604 cr1,637 cr
Total income1,464 cr1,616 cr1,652 cr
Expenses1,300 cr1,389 cr1,600 cr
Profit before tax163 cr227 cr52 cr
Tax58 cr77 cr14 cr
Net profit (owners' share)113 cr160 cr44 cr
Net margin (owners' share, on revenue)7.8%9.9%2.7%
EPS (₹)5.627.902.16
YoY (latest quarter): total income +6.7% · net profit -14.4%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹8,406 cr
Shareholder equity
₹4,138 cr
parent shareholders
Total debt
₹3,169 cr
Cash
₹44.1 L
Cash flow · H1 FY26
Operating
₹2,254 cr
Investing
₹-320 cr
Financing
₹-1,927 cr
Peer comparison
Sugar · by market value
CompanyPriceMarket capP/E
Bajaj Hindusthan Sugar Limited₹19₹15,563 cr
Balrampur Chini Mills Limitedthis company₹676₹14,275 cr78.2
Triveni Engineering & Industries Limited₹232₹5,123 cr341.8
Shree Renuka Sugars Limited₹23₹4,854 cr
Bannari Amman Sugars Limited₹3,303₹4,142 cr
Dalmia Bharat Sugar and Industries Limited₹391₹3,161 cr114.9
Dhampur Bio Organics Limited₹116₹2,039 cr
Avadh Sugar & Energy Limited₹721₹1,443 cr1,502.1
Dhampur Sugar Mills Limited₹152₹976 cr40.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.52%
trailing 12 months
Dividend / share (TTM)
₹3.5
Last dividend
₹3.5
ex 17 Nov 2025
ActionDetailEx-date
Dividend₹3.5 / share17 Nov 2025
Dividend₹3 / share25 Nov 2024
Dividend₹3 / share20 Nov 2023
Dividend₹2.5 / share22 Feb 2023
Dividend₹2.5 / share11 Feb 2022
Dividend₹2.5 / share11 Feb 2021
Who owns it · 2026-06-30
No pledge
Promoter
42.9%
FII / Foreign
9.3%
DII / Domestic
29.1%
Retail / others
18.7%
Smart-money activity
Insider trades
SoldVIVEK SARAOGI · Promoters5.67 cr17 Jun 25
BoughtVIVEK SARAOGI · Promoters42.85 L19 Mar 24
SoldSTUTI DHANUKA · Promoters42.85 L19 Mar 24
Bulk / block deals
short · NSE25031 Aug 26
SoldQE SECURITIES LLP · NSE14.34 L @ ₹711.3231 Aug 26
BoughtQE SECURITIES LLP · NSE14.14 L @ ₹712.1731 Aug 26
Stake changes
BoughtMeenakshi Mercantiles Ltd · promoter→ 3.66% · 12.50 L3 Jun 26
BoughtSumed Sarogi · promoter→ 2.71% · 3.46 L3 Jun 26
BoughtVivek Saraogi · promoter→ 3.68% · 24.00 L3 Jun 26
Promoter pledges
ReleasedICICI Bank Limited53.41 L · 2.43% held4 Jun 20
ReleasedICICI Bank Ltd21.07 L · 0.96% held4 Jun 20
ReleasedICICI Bank Limited44.57 L · 2.03% held4 Jun 20
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Aug 2025
See the official result
1
Adoption of the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025 and the Reports of the Board of Directors and the Auditors’ thereon.
Backed by 100% of shareholders other than promotersneeded 50%
7.57 cr votes for, 693 against · 0% of mutual funds and other big investors said no
2
Adoption of the Consolidated Audited Financial Statements of the Company for the financial year ended 31st March, 2025 and the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
7.57 cr votes for, 693 against · 0% of mutual funds and other big investors said no
3
Approval and confirmation of the interim dividend of Rs. 3.00 per Equity Share of the Company paid during the year as the final dividend for the financial year ended 31st March, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
7.58 cr votes for, 4,135 against · 0% of mutual funds and other big investors said no
4
Appointment of Ms. Avantika Saraogi (DIN: 03149784), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
7.57 cr votes for, 62,841 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 21 named members
owning 40.2% between them · as of 2026-06-30
SARAOGI FAMILY TRUST (VIVEK SARAOGI-TRUSTEE)24.83%
VIVEK SARAOGI3.68%
MEENAKSHI MERCENTILES LTD3.66%
SUMEDHA SARAOGI2.71%
SARAOGI TRUST (STUTI DHANUKA-TRUSTEE)2.03%
NOVEL SUPPLIERS PVT LTD1.68%
AVANTIKA SARAOGI1.51%
VIVEK SARAOGI HUF (VIVEK SARAOGI-KARTA)0.07%
Business done with them
FY2025 · 1 of the group
The company paid ₹27 cr to companies in the promoter group last year — about 0.5% of its ₹5,415 cr revenue.
Mr. Vivek Saraogi
Other payments to them · various transactions
also owns 3.68% of the company
₹27 cr
company paid
Mr. Vivek Saraogi
Description Of Nature Of Related Party Relationship · various transactions
also owns 3.68% of the company
₹0 L
company received

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹450 cr raised in Jun 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 38% of what it set aside, leaving ₹279 cr still to be spent. India Ratings & Research Private Limited watches the spending on the exchange’s behalf.

Purchase of Plant & Machinery for Poly Lactic Acid (PLA) Project
26%
₹61 cr of ₹230 cr
Establishment of Gypsum Processing Plant
0%
₹0 cr of ₹110 cr
General Corporate Purposes
100%
₹110 cr of ₹110 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.