Crushes sugarcane to make sugar, with ethanol and bioplastics as adjacent lines. Sugar — the core business — accounted for 75.8% of FY26 segment revenue at ₹5,507 crore (EBIT margin 9.3%); it serves industrial buyers, institutional customers and the retail market, against an industry backdrop of a multi-year-low closing inventory of 4.3 MT and a mid-season export ban that supported UP prices at ₹41-42/kg. Distillery, which converts cane juice and B-heavy molasses into ethanol for oil marketing companies under the government's blending programme, made up 23.7% of segment revenue at ₹1,721 crore (EBIT margin 11.8%); ethanol prices on juice/B-heavy routes have not been revised in three years despite a ₹30/quintal hike in cane SAP, compressing margins. Polylactic Acid (PLA), a sugarcane-based compostable bioplastic for packaging and single-use products (cutlery, bottles, prasad boxes, garbage bags), is in build-out — India's first commercial-scale PLA plant at 80,000 TPA is being commissioned in Q3 FY27 with a ₹3,080 crore capex and a 35% EBITDA margin target, partly funded by a ₹450 crore preferential share issue (₹193 crore from promoters). The PLA segment is currently loss-making, contributing 0.3% of FY26 segment revenue. Sugarcane is the principal input — materials at ₹4,608.85 crore were 73.5% of FY26 revenue — with capex of ₹948.48 crore (15.1% of revenue) directed primarily at the PLA project. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Sugar (76%), Distillery (24%), Polylactic Acid (PLA) (0%), Others (0%). Cyclical, agro-processing sugar producer with by-product distillery and an emerging bioplastics (PLA) line.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 4,846 | 4,666 | 5,594 | 5,415 | 6,271 |
| EBITDA (ex other income) | 698 | 512 | 786 | 704 | 741 |
| margin % | 14.4 | 11.0 | 14.1 | 13.0 | 11.8 |
| Owners' profit | 465 | 284 | 534 | 437 | 0 |
| EPS, as reported (₹) | 22.44 | 13.94 | 26.49 | 21.65 | 18.74 |
| ROE % · ROCE % | 16.8 · 20.6 | 9.8 · 12.9 | 15.7 · 20.2 | 11.5 · 13.6 | 9.1 · 11.1 |
| Debt / equity (x) | 0.44 | 0.65 | 0.59 | 0.69 | 0.77 |
| Cash from operations | 695 | 453 | 178 | 425 | 599 |
| Capex | (404) | (856) | (268) | (892) | (948) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,298 | 1,192 | 1,504 | 1,542 | 1,671 | 1,454 | 1,604 | 1,637 |
| Profit before tax | 51 | 80 | 301 | 63 | 71 | 163 | 227 | 52 |
| Net profit | 67 | 70 | 229 | 52 | 54 | 113 | 160 | 44 |
| EPS (₹) | 3.33 | 3.49 | 11.35 | 2.55 | 2.67 | 5.62 | 7.90 | 2.16 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Sugar | 5,507 | 75.8 |
| Distillery | 1,721 | 23.7 |
| Polylactic Acid(PLA) | 24 | 0.3 |
| Others | 14 | 0.2 |
| Total, before eliminations | 7,266 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BALRAMPUR CHINI MILLS LTD ◆ | 14,641 | 37.8 | 3.54 | 22.9 | 9.1 | 9.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Reminder to shareholders on transfer of shares to IEPF for unclaimed dividends | compliance | minimal | — | — |
| 26 Aug 2026 · Analyst/Investor Meet scheduled for 2 September 2026 | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Balrampur Chini allots 1.30 lakh shares to employees under ESAR Plan 2023 | capital market events | low | — | — |
| 22 Aug 2026 · Newspaper publication of 50th AGM notice, e-voting and book closure details | compliance | minimal | — | — |
| 21 Aug 2026 · 50th AGM Notice and Annual Report 2025-26 letter to shareholders | compliance | minimal | — | — |
| 21 Aug 2026 · Notice of 50th AGM and Book Closure from 10-16 September 2026 | board shareholder meetings | medium | — | — |
| 21 Aug 2026 · Balrampur Chini Mills 50th AGM on Sept 16; BIRAC grant of Rs 75 crore sought | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Q1 FY27 earnings call: sugar prices firm, PLA plant on track for December commissioning | investor communications | medium | — | — |
| 18 Aug 2026 · 50th AGM scheduled via video conferencing on September 16, 2026 | compliance | minimal | — | — |
| 12 Aug 2026 · Q1 FY27 results published in newspapers, profit dips YoY | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 5.4 |
| 7.9 |
| TRIVENI ENGG. & INDS. LTD | 5,649 | 20.0 | 1.69 | 12.7 | 8.0 | 9.4 | 10.1 | 3.3 |
| SHREE RENUKA SUGARS LTD | 5,284 | — | — | 79.6 | 29.6 | (108.2) | 10.2 | (3.1) |
| BAJAJ HINDUSTHAN SUGAR LT | 4,969 | 15.4 | 1.30 | 22.5 | 3.3 | 1.5 | (3.9) | (10.4) |
| BANNARI AMMAN SUGARS LTD | 4,362 | 35.8 | 2.28 | — | 7.7 | 8.7 | — | 0.5 |
| DALMIA BHARAT SUG IN LTD | 3,384 | 14.1 | 1.05 | 9.3 | 7.3 | 8.0 | 6.1 | 8.3 |
| UTTAM SUGAR MILLS LTD. | 1,065 | 12.2 | 1.20 | 7.5 | 11.3 | 12.7 | — | 4.5 |
| DHAMPUR SUGAR MILLS LTD. | 1,054 | 15.0 | 0.88 | 9.8 | 5.5 | 5.8 | (7.9) | 4.7 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 37.8 | 11.4 | 22 of 24 | 9% |
| P/B | 3.5 | 1.0 | 25 of 26 | 4% |
| ROCE | 9.7 | 3.0 | 5 of 27 | 85% |
| ROE | 9.2 | 3.7 | 8 of 27 | 73% |
| Debt / Equity | 0.8 | 0.6 | 19 of 27 | 31% |
| EBITDA margin | 7.9 | 4.6 | 11 of 26 | 60% |
| Revenue growth | 6.1 | 5.5 | 12 of 25 | 54% |
| Profit growth | (14.4) | (14.4) | 14 of 27 | 50% |
| Market cap | 14641 | 313 | 1 of 28 | 100% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
