BALRAMCHIN

Balrampur Chini Mills share price & financials

Price
₹604.45
Market cap
₹13.8k Cr
Sector
Fast Moving Consumer Goods
Calls analysed
7
Latest concall · Q1 FY27 · call held 12 Aug 2026

Balrampur Chini Mills Limited Q1 FY27

What went well

  • Revenues improving across Sugar and Distillery segments, supported by higher sugar realizations and distillery volumes.
  • PLA project progressing well, with ₹2,180 crore spent by July end and commissioning targeted for October (Lactic) and December (PLA).
  • Expectation of 40% average capacity utilization for PLA from January to March 2027.

What to watch

  • Potential government restrictions on B-heavy and juice diversion for ethanol in the upcoming season.
  • Anticipated cane price hike, which will increase input costs.
Read the full call →

What Balrampur Chini Mills Limited does

Balrampur Chini Mills is a Uttar Pradesh-based integrated agri-processing company built around sugarcane, operating across three linked businesses: sugar manufacturing (crushing and refining), a distillery business making ethanol, ENA and other alcohol products from B-heavy molasses, C-heavy molasses, syrup and grain routes, and bagasse-based co-generation of power. Ethanol is supplied to oil-marketing companies for petrol blending, and surplus co-generated power is sold to the state utility (UPPCL) and via open-market access once power-purchase agreements expire. The company is diversifying into bioplastics by setting up India's first industrial Poly Lactic Acid (PLA) plant, converting sugar into a biodegradable polymer under its own brand.

Segments

  • Sugar
  • Distillery
  • Co-generation
Sugar mills/units
10
Distillery units
5
Co-generation units
10
Aggregate cane crushing capacity
80,000 TCD (tonnes of cane/day)
Aggregate distillery capacity
1,050 KLPD
Aggregate installed co-generation capacity
288.47 MW (175.7 MW saleable)
Founded 1975Headquarters Kolkata, West Bengal Company website

Guidance record · Q1 FY27

what the last two calls moved 15 tracked 0 delivered 2 missed 13 open
  • FY26 Ethanol Sales Volume went quiet said Q2 FY26 Promised: 28 crore liters Q1 FY27: FY26 has passed. Final number was not reported. Remains ghosted.
  • PLA Project Commissioning Timeline delayed said Q3 FY25 Promised: October 2026 Q1 FY27: Lactic plant commissioning in October 2026, PLA plant delayed to December 2026.
  • PLA Peak Revenue Potential on track said Q3 FY25 Promised: ~Rs. 2,000 crore in revenue Q1 FY27: Not mentioned directly, but management stated high conviction, suggesting it could create a 'parallel Balrampur'. Assumed on track.

All 15 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 6.2%, net profit down 15.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,298 1,192 1,504 1,542 1,671 +29%1,454 +22%1,604 +7%1,637 +6%
EBITDA49 124 365 134 120 +145%202 +63%285 −22%114 −15%
Net profit67 70 229 52 54 −19%113 +61%160 −30%44 −15%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +31.6% 1Y

₹400₹500₹600₹700Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 11 Feb 2026Q4 FY26 — 28 Apr 2026Q1 FY27 — 12 Aug 2026

1Y: ₹525.45 on 10 Sept 2025 → ₹691.4. High ₹767.1 (20 Aug 2026), low ₹397.8 (21 Jan 2026).

How the price took the results

close before → close after

Q1 FY27
−3.7%
12 Aug
Q4 FY26
−2.3%
28 Apr
Q3 FY26
−1.2%
11 Feb
Q2 FY26
−1.1%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 10.4% a year over 3 years, FY23 to FY26. Operating margin widened to 11.8%.

Year endingFY23FY24FY25FY26
Revenue₹4.7k Cr₹5.6k Cr₹5.4k Cr₹6.3k Cr
Operating profit₹512 Cr₹786 Cr₹704 Cr₹741 Cr
Operating margin11.0%14.1%13.0%11.8%
Interest₹49 Cr₹84 Cr₹93 Cr₹78 Cr
Depreciation₹129 Cr₹167 Cr₹173 Cr₹177 Cr
Net profit₹283 Cr₹534 Cr₹436 Cr₹379 Cr
Net margin6.1%9.5%8.1%6.0%
ROCE10.0%13.0%10.0%9.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹21 Cr₹20 Cr₹20 Cr₹20 Cr₹20 Cr₹20 Cr
Reserves₹2.6k Cr₹2.7k Cr₹2.9k Cr₹3.4k Cr₹3.9k Cr₹4.1k Cr
Borrowings₹1.2k Cr₹1.2k Cr₹1.9k Cr₹2.0k Cr₹774 Cr₹3.2k Cr
Other liabilities₹774 Cr₹512 Cr₹653 Cr₹678 Cr₹531 Cr₹1.1k Cr
Total liabilities₹4.6k Cr₹4.5k Cr₹5.4k Cr₹6.1k Cr₹5.2k Cr₹8.4k Cr
Fixed assets₹1.6k Cr₹1.6k Cr₹2.6k Cr₹2.6k Cr₹2.6k Cr₹2.6k Cr
Capital work in progress₹14 Cr₹204 Cr₹24 Cr₹46 Cr₹316 Cr₹1.7k Cr
Investments₹249 Cr₹173 Cr₹263 Cr₹339 Cr₹450 Cr₹468 Cr
Other assets₹2.8k Cr₹2.5k Cr₹2.5k Cr₹3.1k Cr₹1.9k Cr₹3.6k Cr
Total assets₹4.6k Cr₹4.5k Cr₹5.4k Cr₹6.1k Cr₹5.2k Cr₹8.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs trimmed −2.66 pp while the public added +1.59 pp.

Promoters
42.9%
FIIs
9.3%
DIIs
29.1%
Public
18.7%

Since Jun 2025

  • FIIs −2.66 pp
  • Public +1.59 pp
  • DIIs +1.07 pp

How it drifted, 12 quarters

Over this window DIIs went from 22.1% to 29.1% — +7.0 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 42.9%, FIIs 14.2%, DIIs 22.1%, Public 20.8%.Dec '23: Promoters 42.9%, FIIs 10.5%, DIIs 21.6%, Public 25.0%.Mar '24: Promoters 42.9%, FIIs 11.3%, DIIs 20.8%, Public 25.1%.Jun '24: Promoters 42.9%, FIIs 12.2%, DIIs 22.6%, Public 22.3%.Sep '24: Promoters 42.9%, FIIs 12.8%, DIIs 26.4%, Public 17.8%.Dec '24: Promoters 42.9%, FIIs 12.1%, DIIs 26.5%, Public 18.5%.Mar '25: Promoters 42.9%, FIIs 12.0%, DIIs 27.1%, Public 18.0%.Jun '25: Promoters 42.9%, FIIs 12.0%, DIIs 28.0%, Public 17.1%.Sep '25: Promoters 42.9%, FIIs 11.2%, DIIs 27.6%, Public 18.3%.Dec '25: Promoters 42.9%, FIIs 10.6%, DIIs 27.5%, Public 19.1%.Mar '26: Promoters 42.9%, FIIs 10.4%, DIIs 27.7%, Public 19.0%.Jun '26: Promoters 42.9%, FIIs 9.3%, DIIs 29.1%, Public 18.7%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 4 holders trimming and 9 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Balrampur Chini Mills Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Saraogi Family Trust (Vivek Saraogi-Trustee) 24.83%−1.14 pp
SBI Mutual Fund Mutual fund6.96%newly disclosed
Nippon Life India Trustee Ltd. Mutual fund5.36%newly disclosed
Vivek Saraogi 3.68%+1.02 pp
Meenakshi Mercentiles Ltd 3.66%+0.45 pp
Sumedha Saraogi 2.71%unchanged
Saraogi Trust (Stuti Dhanuka-Trustee) 2.69%+0.57 pp
Kotak Mahindra Trustee Co Ltd Mutual fund2.58%newly disclosed
Aditya Birla Sun Life Trustee Private Limited A/C Mutual fund2.47%−0.09 pp
Tata Mutual Fund Mutual fund2.02%newly disclosed
HSBC Mutual Fund Mutual fund2.01%newly disclosed
Novel Suppliers Pvt Ltd 1.68%−0.08 pp

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in BALRAMCHIN

Filings to Aug 2026

0 new, 4 added, 5 trimmed, 0 sold out — net −3.52 L shares (−1.3%).

Held by funds
₹1.8k Cr
14 schemes
Biggest holder
Nippon India Small Cap Fund
₹772 Cr · 0.9% of that fund
SchemeHoldingLast month
Nippon India Small Cap Fund Nippon India Mutual Fund₹772 Crheld
SBI Smallcap Fund SBI Mutual Fund₹763 Crheld
SBI Multi Asset Allocation Fund SBI Mutual Fund₹139 Crheld
HDFC Dividend Yield Fund HDFC Mutual Fund₹59 Crheld
SBI Retirement Benefit Fund - Aggressive Plan SBI Mutual Fund₹43 Crheld
SBI Comma Fund SBI Mutual Fund₹24 Cr−3.00 L
SBI Retirement Benefit Fund - Aggressive Hybrid Plan SBI Mutual Fund₹17 Cr−0.50 L
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹12 Cr+0.02 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 5 trimmed — net −3.52 L shares (−1.3%)

Funds are sitting on
+46%
vs est. average cost
Held by funds
₹1.8k Cr
14 schemes · ≈ 12% of the company
Biggest holder
Nippon India Small Cap Fund
₹772 Cr · 0.9% of that fund

Shares held by these funds +91%

Aug '23 2.70 cr shares Jul '26

All earnings calls (7)

Read the Q1 FY27 call →

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