Company Valuation: Balrampur Chini Mills Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 45,045 99,857 79,842 73,023 1,10,542 1,07,397 - -
Change - 121.68% -20.04% -8.54% 51.38% -2.84% - -
Enterprise Value (EV) 1 56,363 1,11,930 96,263 93,085 1,34,989 1,30,267 1,29,239 1,07,397
Change - 98.59% -14% -3.3% 45.02% -3.5% -2.25% -16.9%
P/E ratio 9.75x 19.7x 29.3x 16.9x 32.2x 29.1x 24.1x 15x
PBR 1.76x 3.61x 2.78x 2.23x 3.09x 2.58x 2.33x 2.04x
PEG - 1.5x -0.6x 0.3x -1.5x 61.76x 2.4x 0.2x
Capitalization / Revenue 0.94x 2.06x 1.71x 1.31x 2.04x 1.6x 1.62x 1.38x
EV / Revenue 1.17x 2.31x 2.06x 1.66x 2.49x 2.08x 1.95x 1.38x
EV / EBITDA 7.9x 16x 18.8x 11.8x 19.2x 17.6x 14.9x 8.43x
EV / EBIT 9.36x 19.1x 25.1x 15x 25.4x 23.1x 19.2x 10.5x
EV / FCF 10.3x 37.5x -24.6x -102x -28.9x -37.3x -60x 17.4x
FCF Yield 9.72% 2.66% -4.06% -0.98% -3.46% -2.68% -1.67% 5.74%
Dividend per Share 2 2.5 2.5 2.5 3 3 3.5 5.367 4.775
Rate of return 1.17% 0.51% 0.63% 0.83% 0.55% 0.7% 1.01% 0.9%
EPS 2 22.01 24.86 13.51 21.47 16.98 17.06 22.1 35.48
Distribution rate 11.4% 10.1% 18.5% 14% 17.7% 20.5% 24.3% 13.5%
Net sales 1 48,117 48,460 46,659 55,937 54,154 62,711 66,160 77,999
EBITDA 1 7,138 6,997 5,123 7,862 7,042 7,413 8,657 12,733
EBIT 1 6,020 5,858 3,828 6,198 5,317 5,641 6,740 10,206
Net income 1 4,698 5,147 2,755 4,332 3,439 3,472 4,611 7,313
Net Debt 1 11,318 12,073 16,421 20,062 24,447 29,877 21,842 -
Reference price 2 214.50 489.40 395.75 361.95 547.50 531.80 531.80 531.80
Nbr of stocks (in thousands) 2,10,000 2,04,040 2,01,749 2,01,749 2,01,902 2,01,950 - -
Announcement Date 01/06/21 24/05/22 11/05/23 17/05/24 15/05/25 15/05/26 - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.48x2.18x17.59x0.66% 112.7Cr
27.05x0.51x6.92x1.43% 267.37Cr
19.56x1.6x10.28x5.52% 185.5Cr
-268.2x1.75x8.67x3.06% 164.76Cr
20.57x - - 1.42% 147.94Cr
10.89x1.52x3.09x4.47% 106Cr
25.27x - - 0.68% 84Cr
Average -19.77x 1.51x 9.31x 2.46% 152.66Cr
Weighted average by Cap. -22.47x 1.35x 8.96x 2.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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