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 93,140 - -
Change - 121.68% -20.04% -8.54% 51.38% -15.74% - -
Enterprise Value (EV) 1 56,363 1,11,930 96,263 93,085 1,34,989 1,17,961 1,14,982 93,140
Change - 98.59% -14% -3.3% 45.02% -12.61% -2.53% -19%
P/E ratio 9.75x 19.7x 29.3x 16.9x 32.2x 22.2x 18.4x 12x
PBR 1.76x 3.61x 2.78x 2.23x 3.09x 2.33x 2.09x 1.77x
PEG - 1.5x -0.6x 0.3x -1.5x 1x 0.9x 0.2x
Capitalization / Revenue 0.94x 2.06x 1.71x 1.31x 2.04x 1.55x 1.38x 1.21x
EV / Revenue 1.17x 2.31x 2.06x 1.66x 2.49x 1.96x 1.71x 1.21x
EV / EBITDA 7.9x 16x 18.8x 11.8x 19.2x 15.9x 12.7x 7.39x
EV / EBIT 9.36x 19.1x 25.1x 15x 25.4x 19.7x 15.2x 7.86x
EV / FCF 10.3x 37.5x -24.6x -102x -28.9x -43.3x 95.5x 13.6x
FCF Yield 9.72% 2.66% -4.06% -0.98% -3.46% -2.31% 1.05% 7.36%
Dividend per Share 2 2.5 2.5 2.5 3 3 3.25 4 1
Rate of return 1.17% 0.51% 0.63% 0.83% 0.55% 0.7% 0.87% 0.22%
EPS 2 22.01 24.86 13.51 21.47 16.98 20.8 25.07 38.3
Distribution rate 11.4% 10.1% 18.5% 14% 17.7% 15.6% 16% 2.61%
Net sales 1 48,117 48,460 46,659 55,937 54,154 60,161 67,345 77,173
EBITDA 1 7,138 6,997 5,123 7,862 7,042 7,436 9,065 12,607
EBIT 1 6,020 5,858 3,828 6,198 5,317 5,984 7,553 11,845
Net income 1 4,698 5,147 2,755 4,332 3,439 4,197 5,053 7,727
Net Debt 1 11,318 12,073 16,421 20,062 24,447 24,821 21,842 -
Reference price 2 214.50 489.40 395.75 361.95 547.50 461.20 461.20 461.20
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 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.17x1.96x15.86x0.7% 102.63Cr
-118.74x0.45x7.85x1.75% 235.87Cr
23.21x1.85x11.55x4.93% 209.99Cr
29.79x - - 1.01% 150.57Cr
-123.38x1.81x9.04x3.68% 126.47Cr
8.37x1.8x3.62x4.58% 105.02Cr
27.01x1.58x17.14x0.64% 95Cr
Average -18.80x 1.58x 10.84x 2.47% 146.46Cr
Weighted average by Cap. -27.84x 1.45x 10.35x 2.61%

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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