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Balrampur Chini Mills Limited (BALRAMCHIN) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹112B (≈ $1.2B) · ISIN INE119A01028

What is Balrampur Chini Mills Limited really worth?

BC Balrampur Chini Mills Limited BALRAMCHIN · NSE
Price₹690.60
Fair Value₹548.17
Upside−20.6%
Quality43/100

Below-average quality, and trading another 26% above our fair value of ₹548.17.

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Risks

!Mixed Growth (revenue 5y +5.4 %/yr)
!Thin margins · 6.0% net margin
!Low debt · negative free cash flow
!Trails peers (5/13)
!Narrow moat 42/100
!Evidence only medium, so the estimate is less certain
!Weak on valuation: 6 out of 100
!Weak on dividend: 10 out of 100

For context

·0.51% dividend yield
Evidence: Medium Range ₹411.07 – ₹751.59

Fair value as of: Aug 23, 2026

From 16 valuation models · updated 13 days ago

Fair value updated Aug 23, 2026, revised from ₹304.54 to ₹548.17 (+80.0%) since Aug 13, 2026. Share price +8.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (₹411.07 to ₹751.59) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

₹767.10 ₹284.76 Fair Value ₹548.17 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range ₹284.76 – ₹767.10 · fair‑value band ₹411.07 – ₹751.59 · the ₹690.60 price screens above the ₹548.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Balrampur Chini Mills Limited (BALRAMCHIN) currently trades at ₹690.60, while our model-based Fair Value estimate is ₹548.17, implying the stock looks roughly 26.0% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Consumer Defensive sector. Bull case: the Growth Earnings group reads highest at a median of ₹322.29 per share, and 0 of the 16 models we run sit above the ₹690.60 price. Bear case: the Earnings-Based group reads lowest at ₹99.24, and 16 of the 16 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Balrampur Chini Mills Limited generated revenue of ₹62.7B at a net margin of 6.0%. Revenue grew 6.7% year over year. It earns a return on equity of 9.5%. Net debt stands at ₹31.7B. Fundamentals as of Aug 23, 2026

Our scenario range runs from ₹411.07 (bear case) to ₹751.59 (bull case); at ₹690.60, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 75% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −36% fair-value upside, at −21%, BALRAMCHIN screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹6.53 per share, which is 1.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence ₹167.92 ₹184.00 ₹260.80 76
EPV ₹129.60 ₹158.33 ₹183.47 74
ROIC Compounder ₹129.60 ₹158.33 ₹183.47 72
All 16 models by family
Earnings-Based
Graham-Dodd ₹121.81 ₹342.96 ₹451.33 65
Lynch FV ₹69.47 ₹99.24 ₹129.02 61
PEG = 1.0 ₹69.47 ₹99.24 ₹129.02 57
EPV ₹129.60 ₹158.33 ₹183.47 74
Dividend Discount
Gordon GGM ₹30.72 ₹63.87 ₹101.33 66
DDM Multi-Stage ₹30.72 ₹48.68 ₹67.04 66
Multiples
P/E Multiple ₹282.14 ₹376.19 ₹470.24 63
P/S Multiple ₹228.40 ₹304.54 ₹380.67 58
P/B Multiple ₹228.40 ₹304.54 ₹380.67 55
EV/EBIT ₹297.65 ₹411.13 ₹524.61 66
EV/EBITDA ₹299.31 ₹413.34 ₹527.38 67
EV/Revenue ₹200.19 ₹304.32 ₹408.46 53
Asset-Based
NCAV (Graham) ₹97.94 ₹131.23 ₹195.87 54
Economic Profit
Residual Income best evidence ₹167.92 ₹184.00 ₹260.80 76
ROIC Compounder ₹129.60 ₹158.33 ₹183.47 72
Growth Earnings
Growth-Adj P/E ₹225.60 ₹322.29 ₹418.97 67

Widest divergence: Growth Earnings (₹322.29) versus Dividend Discount (₹48.68). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 37.1
P/S ratio 2.24 P/E × margin
EPS (TTM) ₹18.59 price ÷ EPS = P/E 37.1
Dividend yield 0.5% payout 18.8%
Net margin 6.0% FY2026
Return on equity 9.5% TTM
More key figures
Profitability
Return on assets (EBIT) 15.5% avg 5y
Operating margin 15.0% TTM
Growth
Revenue (TTM) ₹62.7B TTM
Revenue growth (YoY) +6.7% 3y avg +10.4%
EPS growth (YoY) −30.7%
Balance sheet & cash flow
Free cash flow −₹4.7B FY2026
Net debt ₹31.7B FY2026

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 43 · Market factors (momentum, volatility) 79

Profitability 38
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 22
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 80
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Balrampur Chini Mills Limited manufactures and sells of sugar in India. It operates through Sugar, Distillery, Polylactic Acid, and Others segments. The company offers molasses, industrial alcohol, ethanol, extra neutral alcohol, CO2, dry ice, and bagasse products. It also provides agricultural fertilizers, such as granulated potash and bio-pesticides.

Full company description

Balrampur Chini Mills Limited manufactures and sells of sugar in India. It operates through Sugar, Distillery, Polylactic Acid, and Others segments. The company offers molasses, industrial alcohol, ethanol, extra neutral alcohol, CO2, dry ice, and bagasse products. It also provides agricultural fertilizers, such as granulated potash and bio-pesticides. In addition, the company is involved in the generation and sale of electricity with a saleable capacity of 175.7 megawatts. It also exports its sugar products. The company was incorporated in 1975 and is headquartered in Kolkata, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Balrampur Chini Mills Limited reported revenue of ₹62.7B in FY2026 versus ₹48.5B in FY2022, a compound +6.7%/yr. Reported net income was ₹3.8B in FY2026, compounding −5.0%/yr from FY2022.

Growth Quality 30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹62.7B
Latest YoY
+15.8%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.4%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.4%
Avg. revenue growth/yr (22Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.2%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−3.2% (−3.7 + 0.5)
Revenue +6.7%/yr
FY22 ₹48.5B
FY23 ₹46.7B
FY24 ₹55.9B
FY25 ₹54.2B
FY26 ₹62.7B
Net income −5.0%/yr
FY22 ₹4.6B
FY23 ₹2.8B
FY24 ₹5.3B
FY25 ₹4.4B
FY26 ₹3.8B
Character of growth · EPS growth decomposed (2016-2026) +5.4 % p.a.
Revenue per share +9.9 %

of which total revenue +7.5 % · buybacks/dilution +2.2 %

EBIT margin −5.9 %
Tax rate −1.5 %
Residual (interest, one-offs) +3.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

BALRAMCHIN screens 26% overvalued. Compare with Chocoladefabriken Lindt & Sprüngli AG →

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Cite: Fair Value Calculator (2026). "Balrampur Chini Mills Limited Fair Value". https://www.fairvalue-calculator.com/stock/BALRAMCHIN

Peer Group

Confectioners · 80 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 43 · Below median
Fair Value upside −21% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 15% · Above median
Revenue growth 7% · Above median
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Confectioners median · lower = cheaper

P/E (TTM) 37.1× · Pricier than 75% of peers
P/B 2.72× · Pricier than 75% of peers
P/S (TTM) 1.79× · Pricier than 75% of peers
EV/EBITDA 16.4× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE6 · sector 24
FUTURE34 · sector 0
PAST38 · sector 21
HEALTH89 · sector 92
DIVIDEND10 · sector 53

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Confectioners stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
Chocoladefabriken Lindt & Sprüngli AG LISN CHF 90,700 CHF 9,281 −90%
Mondelez International, Inc MDLZ $62.36 $27.36 −56%
The Hershey Company HSY $179.05 $91.25 −49%
Barry Callebaut AG BARN CHF 1,115 CHF 711.91 −36%
ORION Corp 271560 124,600 KRW 203,315 KRW +63%
Tootsie Roll Industries, Inc TROLB $39.00 $22.21 −43%
Guangxi Yuegui Guangye Holdings 000833 ¥20.48 ¥9.09 −56%
Cloetta AB CLAB kr 54.85 kr 59.12 +8%
PT Yupi Indo Jelly Gum Tbk YUPI 1,295 IDR 1,140 IDR −12%
ORION Holdings 001800 25,300 KRW 42,237 KRW +67%

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Frequently asked questions

Is Balrampur Chini Mills Limited (BALRAMCHIN) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of ₹548.17 versus a price of ₹690.60, about −21% upside (overvalued).
What is the fair value of BALRAMCHIN?
Our model-based fair value for Balrampur Chini Mills Limited is ₹548.17 (as of Aug 23, 2026), built from audited fundamentals. The current price: ₹690.60.
What is the quality score of BALRAMCHIN?
Balrampur Chini Mills Limited has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Balrampur Chini Mills Limited (BALRAMCHIN)?
Balrampur Chini Mills Limited reported trailing-twelve-month revenue of about ₹62.7B (latest available figure, as of Aug 23, 2026).
What is the net profit margin of BALRAMCHIN?
The net profit margin of Balrampur Chini Mills Limited is about 6.0%, meaning it keeps roughly 6.0% of revenue as net income. Based on the latest reported figures.
Does Balrampur Chini Mills Limited pay a dividend?
Balrampur Chini Mills Limited currently shows a dividend yield of about 0.51% relative to its recent price (as of Aug 23, 2026).
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