Balrampur Chini Mills Limited (BALRAMCHIN.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-234.4%

-₹881.73

vs ₹656.10 price

Levered DCF

-₹697.31

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	26.53×	25.73×	14.25×	28.39×	21.81×	9.54×	4.44×	5.54×
P/B	2.43×	2.97×	2.24×	2.79×	3.66×	1.75×	0.95×	1.51×
P/S	1.6×	2.08×	1.36×	1.73×	2.09×	0.95×	0.49×	0.74×
EV / EBITDA	16.21×	19.74×	12.24×	19.08×	16.04×	8.15×	5.55×	7.11×
Gross margin	17.0%	26.7%	28.0%	25.1%	27.1%	26.5%	24.6%	27.1%
Operating margin	9.0%	19.2%	20.9%	17.3%	20.7%	20.7%	19.3%	21.7%
Net margin	6.0%	8.1%	9.6%	6.1%	9.6%	10.0%	11.0%	13.4%
Current ratio	1.13×	1.29×	1.43×	1.31×	1.6×	1.63×	1.46×	1.37×
Debt / equity	0.77×	0.69×	0.59×	0.65×	0.44×	0.47×	0.61×	0.82×
Interest coverage	7.3×	11.12×	14.03×	16.58×	32.46×	25.4×	14.32×	23.5×
Dividend yield	0.7%	0.5%	0.8%	0.6%	0.5%	1.1%	2.9%	1.8%
Payout ratio	18.7%	13.9%	11.3%	17.9%	11.0%	10.9%	12.8%	9.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.1%	11.5%	15.7%	9.8%	16.8%	18.3%	21.5%	27.2%
Return on invested capital	5.0%	12.0%	14.9%	11.4%	19.1%	19.9%	21.1%	22.4%
Return on assets	4.5%	6.1%	8.8%	5.2%	10.3%	10.4%	10.8%	12.2%
Free cash flow yield	-4.7%	-4.1%	-1.2%	-5.0%	2.9%	12.0%	25.8%	-20.5%
Earnings yield	3.8%	3.9%	7.0%	3.5%	4.6%	10.5%	22.5%	18.1%
Enterprise value	₹132.1B	₹139.1B	₹96.2B	₹99.5B	₹113.4B	₹58.2B	₹37.9B	₹49.2B
Net debt / EBITDA	3.89×	3.73×	2.56×	3.6×	1.71×	1.74×	2.17×	2.5×
Cash conversion cycle (days)	210	271	243	220	209	210	208	238