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Balrampur Chini Mills

NSEI:BALRAMCHIN
Snowflake Description

Outstanding track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BALRAMCHIN
NSEI
₹33B
Market Cap
  1. Home
  2. IN
  3. Food, Beverage & Tobacco
Company description

Balrampur Chini Mills Limited, an integrated sugar manufacturing company, manufactures and sells sugar from sugarcane in India. The last earnings update was 55 days ago. More info.


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BALRAMCHIN Share Price and Events
7 Day Returns
-9.4%
NSEI:BALRAMCHIN
-0.2%
IN Food
-0.5%
IN Market
1 Year Returns
131.4%
NSEI:BALRAMCHIN
-3.3%
IN Food
-2.4%
IN Market
BALRAMCHIN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Balrampur Chini Mills (BALRAMCHIN) -9.4% 5.5% 0.4% 131.4% 15.3% 93%
IN Food -0.2% -2.3% -3.8% -3.3% 46.1% 119.8%
IN Market -0.5% -2% -4.8% -2.4% 21.3% 31.2%
1 Year Return vs Industry and Market
  • BALRAMCHIN outperformed the Food industry which returned -3.3% over the past year.
  • BALRAMCHIN outperformed the Market in India which returned -2.4% over the past year.
Price Volatility
BALRAMCHIN
Industry
5yr Volatility vs Market

BALRAMCHIN Value

 Is Balrampur Chini Mills undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Balrampur Chini Mills to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Balrampur Chini Mills.

NSEI:BALRAMCHIN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:BALRAMCHIN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 35%) (50.79%))
0.833
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.833 * 8.6%)
14.72%

Discounted Cash Flow Calculation for NSEI:BALRAMCHIN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Balrampur Chini Mills is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:BALRAMCHIN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.72%)
2020 11,474.09 Est @ 11.45% 10,002.23
2021 12,653.84 Est @ 10.28% 9,615.67
2022 13,851.19 Est @ 9.46% 9,175.35
2023 15,082.37 Est @ 8.89% 8,709.31
2024 16,362.42 Est @ 8.49% 8,236.45
2025 17,705.11 Est @ 8.21% 7,769.08
2026 19,123.14 Est @ 8.01% 7,314.91
2027 20,628.40 Est @ 7.87% 6,878.50
2028 22,232.25 Est @ 7.77% 6,462.34
2029 23,945.80 Est @ 7.71% 6,067.56
Present value of next 10 years cash flows ₹80,231.40
NSEI:BALRAMCHIN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹23,945.80 × (1 + 7.55%) ÷ (14.72% – 7.55%)
₹359,420.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹359,420.62 ÷ (1 + 14.72%)10
₹91,072.66
NSEI:BALRAMCHIN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹80,231.40 + ₹91,072.66
₹171,304.06
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹171,304.06 / 220.00
₹778.65
NSEI:BALRAMCHIN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:BALRAMCHIN represents 0.97997x of BSE:500038
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97997x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 778.65 x 0.97997
₹763.06
Value per share (INR) From above. ₹763.06
Current discount Discount to share price of ₹146.80
= -1 x (₹146.80 - ₹763.06) / ₹763.06
80.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Balrampur Chini Mills is available for.
Intrinsic value
>50%
Share price is ₹146.8 vs Future cash flow value of ₹763.06
Current Discount Checks
For Balrampur Chini Mills to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Balrampur Chini Mills's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Balrampur Chini Mills's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Balrampur Chini Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Balrampur Chini Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:BALRAMCHIN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹25.21
BSE:500038 Share Price ** BSE (2019-07-19) in INR ₹149.8
India Food Industry PE Ratio Median Figure of 162 Publicly-Listed Food Companies 15.96x
India Market PE Ratio Median Figure of 2,834 Publicly-Listed Companies 14.62x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Balrampur Chini Mills.

NSEI:BALRAMCHIN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500038 Share Price ÷ EPS (both in INR)

= 149.8 ÷ 25.21

5.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Balrampur Chini Mills is good value based on earnings compared to the IN Food industry average.
  • Balrampur Chini Mills is good value based on earnings compared to the India market.
Price based on expected Growth
Does Balrampur Chini Mills's expected growth come at a high price?
Raw Data
NSEI:BALRAMCHIN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-10.8%per year
India Food Industry PEG Ratio Median Figure of 18 Publicly-Listed Food Companies 1.58x
India Market PEG Ratio Median Figure of 535 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Balrampur Chini Mills, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Balrampur Chini Mills's assets?
Raw Data
NSEI:BALRAMCHIN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹92.72
BSE:500038 Share Price * BSE (2019-07-19) in INR ₹149.8
India Food Industry PB Ratio Median Figure of 205 Publicly-Listed Food Companies 0.93x
India Market PB Ratio Median Figure of 3,669 Publicly-Listed Companies 0.94x
NSEI:BALRAMCHIN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500038 Share Price ÷ Book Value per Share (both in INR)

= 149.8 ÷ 92.72

1.62x

* Primary Listing of Balrampur Chini Mills.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Balrampur Chini Mills is overvalued based on assets compared to the IN Food industry average.
X
Value checks
We assess Balrampur Chini Mills's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Balrampur Chini Mills has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BALRAMCHIN Future Performance

 How is Balrampur Chini Mills expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Balrampur Chini Mills, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-10.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Balrampur Chini Mills expected to grow at an attractive rate?
  • Balrampur Chini Mills's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Balrampur Chini Mills's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Balrampur Chini Mills's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:BALRAMCHIN Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:BALRAMCHIN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -10.8%
India Food Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
India Food Industry Revenue Growth Rate Market Cap Weighted Average 13.1%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:BALRAMCHIN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:BALRAMCHIN Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:BALRAMCHIN Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 42,858 5,758
2018-03-31 43,425 11,798 2,317
2017-03-31 34,601 3,456 5,930

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Balrampur Chini Mills's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Balrampur Chini Mills is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:BALRAMCHIN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Balrampur Chini Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BALRAMCHIN Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:BALRAMCHIN Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 25.21
2018-03-31 9.86
2017-03-31 24.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Balrampur Chini Mills will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Balrampur Chini Mills's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Balrampur Chini Mills has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BALRAMCHIN Past Performance

  How has Balrampur Chini Mills performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Balrampur Chini Mills's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Balrampur Chini Mills has delivered over 20% year on year earnings growth in the past 5 years.
  • Balrampur Chini Mills's 1-year earnings growth exceeds its 5-year average (148.6% vs 45.9%)
  • Balrampur Chini Mills's earnings growth has exceeded the IN Food industry average in the past year (148.6% vs 15.3%).
Earnings and Revenue History
Balrampur Chini Mills's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Balrampur Chini Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BALRAMCHIN Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 42,857.80 5,758.20 2,304.60
2018-03-31 43,425.43 2,316.65 2,048.42
2017-03-31 34,601.34 5,929.93 1,820.01
2016-03-31 27,566.60 1,001.98 1,525.95
2015-03-31 29,869.78 -579.46 1,510.92
2014-03-31 26,649.44 84.58 1,472.45
2013-03-31 32,748.40 1,613.01 1,344.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Balrampur Chini Mills has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Balrampur Chini Mills used its assets more efficiently than the IN Food industry average last year based on Return on Assets.
  • Balrampur Chini Mills has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Balrampur Chini Mills's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Balrampur Chini Mills has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BALRAMCHIN Health

 How is Balrampur Chini Mills's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Balrampur Chini Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Balrampur Chini Mills is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Balrampur Chini Mills's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Balrampur Chini Mills's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Balrampur Chini Mills Company Filings, last reported 3 months ago.

NSEI:BALRAMCHIN Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 21,177.90 16,739.10 1,962.50
2018-03-31 16,170.63 9,898.27 25.32
2017-03-31 15,603.14 17,822.82 24.25
2016-03-31 12,290.08 16,676.38 71.80
2015-03-31 11,270.66 16,789.44 822.05
2014-03-31 12,163.41 15,299.55 1,435.17
2013-03-31 13,160.63 17,661.63 1,912.15
  • Balrampur Chini Mills's level of debt (79%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (125.8% vs 79% today).
  • Debt is well covered by operating cash flow (70.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.5x coverage).
X
Financial health checks
We assess Balrampur Chini Mills's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Balrampur Chini Mills has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BALRAMCHIN Dividends

 What is Balrampur Chini Mills's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.67%
Current annual income from Balrampur Chini Mills dividends.
If you bought ₹2,000 of Balrampur Chini Mills shares you are expected to receive ₹33 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Balrampur Chini Mills's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Balrampur Chini Mills's dividend is below the markets top 25% of dividend payers in India (2.23%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:BALRAMCHIN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Food Industry Average Dividend Yield Market Cap Weighted Average of 70 Stocks 0.9%
India Market Average Dividend Yield Market Cap Weighted Average of 1446 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:BALRAMCHIN Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:BALRAMCHIN Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-02-04 2.500 1.811
2017-07-31 2.500 2.537
2017-05-29 3.500 2.299
2014-07-07 0.000 0.000
2014-05-12 0.000 0.000
2013-07-05 2.000 4.511
2012-07-10 0.000 0.000
2012-04-16 0.000 0.000
2011-05-13 0.750 1.483
2009-11-30 3.000 3.475
2009-11-25 3.000 2.299
2008-12-01 0.500 0.673
2008-09-30 0.500 1.109

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Balrampur Chini Mills's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Balrampur Chini Mills's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Balrampur Chini Mills afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Balrampur Chini Mills has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BALRAMCHIN Management

 What is the CEO of Balrampur Chini Mills's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Vivek Saraogi
COMPENSATION ₹61,061,469
AGE 53
CEO Bio

Mr. Vivek K. Saraogi, B.Com (Hons.) serves as a Managing Director of Balrampur Chini Mills Ltd. Mr. Saraogi is an Industrialist of repute. He served as the President of Indian Sugar Mills Association. He served as a Member of the Management Board of Dwarikesh Sugar Industries Ltd. until April 2005. He was renowned for his expertise in the sugar industry. He served as the Chairman of Indian Sugar and General Industry Export Import Corporation Ltd. He has been an Executive Director of Balrampur Chini Mills Ltd. since July 03, 1987. Mr. Saraogi is a Graduate of Commerce.

CEO Compensation
  • Vivek's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Vivek's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Balrampur Chini Mills management team in years:

3.1
Average Tenure
57
Average Age
  • The tenure for the Balrampur Chini Mills management team is about average.
Management Team

Vivek Saraogi

TITLE
MD & Executive Director
COMPENSATION
₹61M
AGE
53

Pramod Patwari

TITLE
Chief Financial Officer
COMPENSATION
₹7M
AGE
49
TENURE
3.6 yrs

Nitin Bagaria

TITLE
Company Secretary
COMPENSATION
₹3M
TENURE
3.7 yrs

Arvind Saxena

TITLE
Whole-Time Director
COMPENSATION
₹3M
AGE
68

Krishana Singh

TITLE
Group Head of Operations
AGE
61

P. Sandeep

TITLE
General Manager of Human Resources
TENURE
1.8 yrs

Meenakshi Saraogi

TITLE
Chief Mentor
COMPENSATION
₹80K
AGE
75
TENURE
2.7 yrs

Rohit Bothra

TITLE
President of Taxation & Strategy
AGE
46

Nirmal Agarwal

TITLE
Executive President of Gularia & Kumbhi
AGE
61

Binod Yadav

TITLE
Chief General Manager of Babhnan
AGE
50
Board of Directors Tenure

Average tenure and age of the Balrampur Chini Mills board of directors in years:

5.4
Average Tenure
69
Average Age
  • The tenure for the Balrampur Chini Mills board of directors is about average.
Board of Directors

Sumit Mazumder

TITLE
Chairman of the Board
COMPENSATION
₹2M
AGE
71
TENURE
2 yrs

Vivek Saraogi

TITLE
MD & Executive Director
COMPENSATION
₹61M
AGE
53
TENURE
32 yrs

Kamal Saraogi

TITLE
Chairman Emeritus
COMPENSATION
₹20K
AGE
75
TENURE
12.3 yrs

Arvind Saxena

TITLE
Whole-Time Director
COMPENSATION
₹3M
AGE
68
TENURE
10.9 yrs

R. Das

TITLE
Independent Director
COMPENSATION
₹2M
AGE
73
TENURE
8 yrs

Dinesh Mittal

TITLE
Lead Independent Director
COMPENSATION
₹1M
AGE
66
TENURE
2 yrs

Sakti Ghosh

TITLE
Independent Director
COMPENSATION
₹2M
AGE
80
TENURE
3.7 yrs

Krishnava Dutt

TITLE
Independent Director
COMPENSATION
₹1M
AGE
45
TENURE
5.4 yrs

Naresh Dayal

TITLE
Non-Executive Director
COMPENSATION
₹1M
AGE
70
TENURE
2.7 yrs

Anup Acharya

TITLE
Director of Indo Gulf Industries Limited
COMPENSATION
₹5K
AGE
64
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Balrampur Chini Mills's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Balrampur Chini Mills has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BALRAMCHIN News

Simply Wall St News

How Does Balrampur Chini Mills Limited (NSE:BALRAMCHIN) Stand Up To These Simple Dividend Safety Checks?

Dividend paying stocks like Balrampur Chini Mills Limited (NSE:BALRAMCHIN) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. A slim 1.7% yield is hard to get excited about, but the long payment history is respectable. At the right price, or with strong growth opportunities, Balrampur Chini Mills could have potential. The company also bought back stock equivalent to around 2.9% of market capitalisation this year. Some simple analysis can offer a lot of insights when buying a company for its dividend, and we'll go through this below. Explore this interactive chart for our latest analysis on Balrampur Chini Mills! NSEI:BALRAMCHIN Historical Dividend Yield, July 19th 2019 Payout ratios Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. In the last year, Balrampur Chini Mills paid out 9.9% of its profit as dividends. We'd say its dividends are thoroughly covered by earnings. Is Balrampur Chini Mills's Balance Sheet Risky? As Balrampur Chini Mills has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … Balrampur Chini Mills has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … This works out to be a compound annual growth rate (CAGR) of approximately 17% a year over that time. The dividends haven't grown at precisely 17% every year, but this is a useful way to average out the historical rate of growth. It's not great to see that the payment has been cut in the past. We're generally more wary of companies that have cut their dividend before, as they tend to perform worse in an economic downturn. Dividend Growth Potential Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. It's good to see Balrampur Chini Mills has been growing its earnings per share at 136% a year over the past 5 years. Earnings per share have grown rapidly, and the company is retaining a majority of its earnings. We think this is ideal from an investment perspective, if the company is able to reinvest these earnings effectively. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Here's Why Balrampur Chini Mills (NSE:BALRAMCHIN) Can Manage Its Debt Responsibly

Balrampur Chini Mills Limited (NSE:BALRAMCHIN) makes use of debt. … See our latest analysis for Balrampur Chini Mills What Is Balrampur Chini Mills's Debt? … Either way, since Balrampur Chini Mills does have more debt than cash, it's worth keeping an eye on its balance sheet.

Simply Wall St -

How Should Investors React To Balrampur Chini Mills Limited's (NSE:BALRAMCHIN) CEO Pay?

See our latest analysis for Balrampur Chini Mills How Does Vivek Saraogi's Compensation Compare With Similar Sized Companies? … Our data indicates that Balrampur Chini Mills Limited is worth ₹30b, and total annual CEO compensation is ₹61m. … We compared the total CEO remuneration paid by Balrampur Chini Mills Limited, and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Is Balrampur Chini Mills Limited's (NSE:BALRAMCHIN) ROE Of 27% Impressive?

Our data shows Balrampur Chini Mills has a return on equity of 27% for the last year. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Balrampur Chini Mills: 27% = ₹5.8b ÷ ₹21b (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Balrampur Chini Mills's Debt And Its 27% ROE Balrampur Chini Mills has a debt to equity ratio of 0.79, which is far from excessive.

Simply Wall St -

Do Balrampur Chini Mills's (NSE:BALRAMCHIN) Earnings Warrant Your Attention?

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Balrampur Chini Mills (NSE:BALRAMCHIN). … Check out our latest analysis for Balrampur Chini Mills Balrampur Chini Mills's Improving Profits Over the last three years, Balrampur Chini Mills has grown earnings per share (EPS) like young bamboo after rain; fast, and from a low base. … Although Balrampur Chini Mills certainly looks good to me, I would like it more if insiders were buying up shares.

Simply Wall St -

What Kind Of Investor Owns Most Of Balrampur Chini Mills Limited (NSE:BALRAMCHIN)?

Check out our latest analysis for Balrampur Chini Mills NSEI:BALRAMCHIN Ownership Summary, May 23rd 2019 What Does The Institutional Ownership Tell Us About Balrampur Chini Mills? … We can see that Balrampur Chini Mills does have institutional investors; and they hold 23% of the stock. … Insider Ownership Of Balrampur Chini Mills The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

A Closer Look At Balrampur Chini Mills Limited's (NSE:BALRAMCHIN) Impressive ROE

We'll use ROE to examine Balrampur Chini Mills Limited (NSE:BALRAMCHIN), by way of a worked example. … Over the last twelve months Balrampur Chini Mills has recorded a ROE of 14%. … Check out our latest analysis for Balrampur Chini Mills?

Simply Wall St -

Balrampur Chini Mills Limited (NSE:BALRAMCHIN): Why Return On Capital Employed Is Important

and want to begin learning the link between Balrampur Chini Mills Limited (NSE:BALRAMCHIN)’s return fundamentals and stock market performance. … Thus, to understand how your money can grow by investing in Balrampur Chini Mills, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … Balrampur Chini Mills's Return On Capital Employed

Simply Wall St -

Should You Expect Balrampur Chini Mills Limited (NSE:BALRAMCHIN) To Continue Delivering An ROE Of 14.33%?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … With an ROE of 14.33%, Balrampur Chini Mills Limited (NSE:BALRAMCHIN) outpaced its own industry which delivered a less exciting 10.16% over the past year. … Check out our latest analysis for Balrampur Chini Mills

Simply Wall St -

Should You Be Concerned About Balrampur Chini Mills Limited's (NSE:BALRAMCHIN) Investors?

In this article, I will take a quick look at Balrampur Chini Mills Limited’s (NSE:BALRAMCHIN) recent ownership structure – an unconventional investing subject, but an important one. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Check out our latest analysis for Balrampur Chini Mills

Simply Wall St -

BALRAMCHIN Company Info

Description

Balrampur Chini Mills Limited, an integrated sugar manufacturing company, manufactures and sells sugar from sugarcane in India. The company operates through three segments: Sugar, Cogeneration, and Distillery. It also offers molasses, industrial alcohol, ethanol, and bagasse. In addition, the company is involved in the generation and sale of electricity. Balrampur Chini Mills Limited was founded in 1975 and is headquartered in Kolkata, India.

Details
Name: Balrampur Chini Mills Limited
BALRAMCHIN
Exchange: NSEI
Founded: 1975
₹32,956,000,000
220,000,000
Website: http://www.chini.com
Address: Balrampur Chini Mills Limited
FMC Fortuna,
2nd Floor,
Kolkata,
West Bengal, 700020,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500038 Equity Shares Mumbai Stock Exchange IN INR 15. Mar 1995
NSEI BALRAMCHIN Equity Shares National Stock Exchange of India IN INR 15. Mar 1995
Number of employees
Current staff
Staff numbers
3,792
Balrampur Chini Mills employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:49
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/05/25
Last earnings filing: 2019/05/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.