Balrampur Chini Mills Ltd

Balrampur Chini Mills announced that CRISIL has reaffirmed the long-term ratings as 'CRISIL AA+/Stable'  and Commercial Paper rating as 'CRISIL A1+'. Powered by Capital Market - Live

Balrampur Chini Mills Ltd dropped for a fifth straight session today. The stock is quoting at Rs 439.35, down 1.1% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 22150.4. The Sensex is at 73194.07, down 0.01%.Balrampur Chini Mills Ltd has eased around 6.39% in last one month.Meanwhile, Nifty FMCG index of which Balrampur Chini Mills Ltd is a constituent, has eased around 11.48% in last one month and is currently quoting at 50689, up 0.02% on the day. The volume in the stock stood at 2.36 lakh shares today, compared to the daily average of 5.31 lakh shares in last one month.The PE of the stock is 27.92 based on TTM earnings ending December 24.Powered by Capital Market - Live

Crisil Ratings stated that the ratings continue to reflect the company's dominant market position in the sugar and allied sectors in north India, which has added diversity to its revenue profile; established relationships with farmers; superior operating efficiency and strong financial risk profile. These strengths are partially offset by susceptibility to cyclicality in the sugar business and regulatory changes, including movement in the state advised price (SAP) for cane in Uttar Pradesh and minimum selling price (MSP) for sugar or regulations around distillery operations. The ratings also consider risks associated with the ongoing polylactic acid (PLA) project, which will require sizeable investment and is in early stages. The business risk profile of BCML continues to be strong driven by diversity in revenue profile and integrated operations. The financial risk profile remains comfortable supported by steady cash generation and controlled debt levels. Balrampur Chini Mills is one of the largest integrated sugar manufacturers in India. The company's operations are forward integrated, into manufacturing ethanol, using molasses (a by-product of sugar), and power, using cogeneration from bagasse. As of December 2024, the company had reported profit after tax (PAT) of Rs 124 crore (Rs 236 crore a year earlier) on net revenue of Rs 3,912 crore (Rs 4,159 crore). The scrip slipped 1.52% to currently trade at Rs 440.30 on the BSE. Powered by Capital Market - Live

Balrampur Chini Mills announced that CRISIL Ratings has reaffirmed the Long-Term rating as Commercial Paper rating as 'Crisil Al+'. Further, Non-Convertible Debentures (NCD) of Rs. 140 crore has been fully redeemed by the Company, therefore, Crisil Ratings has withdrawn the 'Crisil AA+/Stable' rating assigned to it earlier. . Powered by Capital Market - Live

This plant will be India's first industrial-scale biopolymer facility and will set a new global benchmark in sustainable manufacturing. It will be powered entirely by 100% renewable energy throughout the production process and will be the first location where sugarcane is transformed into PLA in a single, integrated site, showcasing a truly closed-loop sustainability model. With an annual production capacity of 80,000 tonnes, the plant will produce 100% industrially compostable and bio-based PLA (Poly Lactic Acid), a versatile material ideal for replacing banned single-use plastic (SUP) items such as straws, disposable cutlery, food trays, bottles, curd cups, and carry bags. The PLA produced at this facility can also be anaerobically digested to produce biogas and fertilizer, addressing both waste management and emissions. The production process emits 68% less greenhouse gases compared to conventional plastics, and as the world's first PLA plant fully powered by renewable energy, emissions will be reduced even further. The project is expected to generate 225 direct jobs in manufacturing, R&D, and operations, with over 2,000 indirect jobs created across the value chain. The facility will strengthen Uttar Pradesh's industrial economy, positioning it as a hub for biopolymer production and exports. It is expected to attract both foreign and domestic investments, promoting advancements in green chemistry, sustainable manufacturing, and India's circular economy while reducing reliance on imported plastics. Vivek Saraogi, chairman & MD, Balrampur Chini Mills, stated, 'We are deeply honored as the ground-breaking ceremony of this project commenced in the auspicious presence of Hon'ble CM Shri Yogi Adityanath Ji. The establishment of India's first PLA biopolymer manufacturing facility represents a monumental leap in our nation's industrial sustainability journey. By producing PLA at industrial scale, we are not only reducing dependence on fossil fuels but also setting new benchmarks for responsible manufacturing. I extend my heartfelt congratulations to our team for achieving this significant milestone. With this biggest investment in the company's 50-year legacy, Balrampur Chini Mills Limited continues to pave the way for an eco-friendly, self-reliant India, positioning the country as a global leader in biopolymer manufacturing.' Avantika Saraogi, executive director, Balrampur Chini Mills, expressed her gratitude, saying, 'This plant is a testament to the synergy between progressive policy frameworks and private sector innovation. This plant will augment in positioning Uttar Pradesh as a leader in biopolymer production, boosting industrial growth, and making India a key player in the bio-based economy globally by tapping into the rich biomass reserves of the country and paving the way for its emergence as a key export hub. By attracting both domestic and foreign investments, we can meaningfully contribute to strengthening India's circular economy and reducing reliance on plastic imports.' Balrampur Chini Mills is one of the largest integrated sugar companies in India. The allied businesses of the company comprise distillery operations and cogeneration of power. The company reported a 22.8% decline in consolidated net profit of Rs 70.47 crore in Q3 FY25 compared with Rs 91.33 crore in Q3 FY24. Revenue from operations fell 3.1% YoY to Rs 1,192.15 crore during the quarter. Shares of Balrampur Chini Mills rose 0.32% to Rs 482.65 on the BSE.Powered by Capital Market - Live

Balrampur Chini Mills (BCML) marked a memorable milestone with the foundation stone laying ceremony of India's first Polylactic Acid (PLA) biopolymer manufacturing facility at Kumbhi, Uttar Pradesh today in the presence of the Chief Minister of Uttar Pradesh, Yogi Adityanath. This pioneering initiative positions Uttar Pradesh as the epicentre of India's biopolymer revolution, reinforcing the state's commitment to sustainable industrial growth. Strategically located adjacent to BCML's existing sugar factory in Kumbhi, Uttar Pradesh, this state-of-the-art manufacturing plant integrates operational synergies to enhance resource efficiency and optimize supply chain management. With a gross investment of Rs. 2,850 crore, the plant leverages cutting-edge technology from global technology providers. This plant is going to be India's first industrial scale biopolymer plant & also set a new global benchmark. It will be powered by 100% renewable energy for its entire production process, and also the first plant location where sugarcane is transformed into PLA in a single, integrated site, showcasing a truly closed-loop sustainability mode. With an annual production capacity of 80,000 tonnes per annum, the plant will produce 100% industrially compostable & bio-based PLA- Poly Lactic acid which finds a wide range of applications. Specially as an ideal alternative to the banned Single Use Plastic items (SUP), such as straws, disposable cutlery, food trays, bottles, curd cups, and carry bags etc. This PLA can also be anaerobically digested to produce biogas and fertilizer, tackling both waste and emissions. The production process emits 68% less greenhouse gases than conventional plastics, and as the world's first PLA plant fully powered by renewable energy, we will cut emissions even further.Powered by Capital Market - Live

Net profit of Balrampur Chini Mills declined 22.84% to Rs 70.47 crore in the quarter ended December 2024 as against Rs 91.33 crore during the previous quarter ended December 2023. Sales declined 3.11% to Rs 1192.15 crore in the quarter ended December 2024 as against Rs 1230.39 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1192.151230.39 -3 OPM %10.389.21 - PBDT132.64165.21 -20 PBT89.02123.24 -28 NP70.4791.33 -23 Powered by Capital Market - Live

Profit before tax for the quarter was at Rs 89.02 crore, down 27.77% from Rs 123.24 crore posted in Q3 FY24. EBITDA stood at Rs 123.78 crore, registering a growth of 9.2% on YoY basis. The company's revenue from sugar business stood at Rs 1,269.86 crore (up 9.38% YoY), while income from distillery came in at Rs 211.42 crore (down 15.59% YoY) during the period under review. Further, Balrampur Chini Mills' board has approved an increase in the capacity of its Poly Lactic Acid (PLA) project from 75,000 tonnes per annum (TPA) to 80,000 TPA. As a result, the capital expenditure for the project has been revised from Rs 2,000 crore, initially estimated during the conceptual planning phase, to Rs 2,850 crore (gross). After accounting for an expected capital subsidy of Rs 1,100 crore under the Uttar Pradesh government scheme, the net capital expenditure for the project will be Rs 1,750 crore. Balrampur Chini Mills is one of the largest integrated sugar companies in India. The allied businesses of the company comprise distillery operations and cogeneration of power.Powered by Capital Market - Live

Balrampur Chini Mills will hold a meeting of the Board of Directors of the Company on 7 February 2025.Powered by Capital Market - Live

Balrampur Chini Mills Ltd rose for a third straight session today. The stock is quoting at Rs 507.4, up 1.07% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.81% on the day, quoting at 23155.2. The Sensex is at 76355.97, down 0.93%. Balrampur Chini Mills Ltd has dropped around 3.2% in last one month. Meanwhile, Nifty FMCG index of which Balrampur Chini Mills Ltd is a constituent, has dropped around 0.31% in last one month and is currently quoting at 55738.05, up 0.4% on the day. The volume in the stock stood at 6.09 lakh shares today, compared to the daily average of 5.59 lakh shares in last one month.The PE of the stock is 31.76 based on TTM earnings ending September 24.Powered by Capital Market - Live