BALRAMCHINNSEBalrampur Chini Mills Limited· SugarMediumNeutral
Announced Tue, 12 Aug · 19:55 IST

Balrampur Chini Mills Limited has informed the Exchange about Investor Presentation

Mgmt Guided Margin PressureInvestor Communications View source PDF

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AI summary

Balrampur Chini Mills (BCML), one of India's largest integrated sugar companies, shared its updated investor presentation covering business overview, financials, and growth plans. The company operates 10 sugar units in Uttar Pradesh with 80,000 TCD crushing capacity, 1,050 KLPD distillery capacity, and 175.7 MW of co-generation. FY25 revenue stood at Rs 5,415 crore with EBITDA of Rs 704 crore and PAT of Rs 344 crore. A major highlight is the ongoing Poly Lactic Acid (PLA) bioplastic project, India's first such plant, where BCML has already spent ~Rs 927 crore by July 2025 and secured environment clearances. The company carries AA+/Stable long-term credit rating from CRISIL, has returned over Rs 1,000 crore via buybacks in the last 9 years, and has promoter holding of 42.87%. Management flagged that ethanol prices (juice and B-heavy route) have not been revised for two years despite an 11.5% hike in sugarcane FRP, which is pressuring distillery viability.

Likely market impact

The PLA diversification is a key long-term growth driver but requires heavy capex, with long-term debt rising to Rs 460 crore for the project. Near-term margins in distillery remain under pressure due to stagnant ethanol prices, which management has flagged as needing policy revision. Stock trades at Rs 550 with a market cap of ~Rs 11,108 crore.