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← CockpitCompetitor Analysis › BALRAMCHIN.NS Balrampur Chini MillsOpen in the cockpit ↗

Balrampur Chini MillsBALRAMCHIN.NSCompetitor analysis, valuation and peers

India · INR·FMCG›Agricultural Commodities/Milling

Indian sugar producer that also makes ethanol/biofuel and cogenerates power from sugarcane bagasse.

Momentum leader 82
Mkt cap
$1.50B
US dollars, full cap
Free float
57%
of shares outstanding
$/day
$9.51M
20-day average traded
Fwd P/E
19.5×
forward earnings
ROIC−WACC
-4.8 pp
WACC 12.6%
Hurdle
n/a
no reverse DCF
Next earnings
91 days
5 Feb 2027
Close · INR₹670.30
1D-1.2%
1W+13.7%
1M-5.1%
3M+6.5%
6M+27.6%
YTD+50.8%
1Y+42.8%
ATR %4.5%
Beta0.51
52w lowhigh14.2% off high

What Balrampur Chini Mills does

Indian sugar producer that also makes ethanol/biofuel and cogenerates power from sugarcane bagasse.

Buys sugar cane from farmers at government-set minimum prices, crushes it in the winter season and sells sugar, ethanol and electricity; sugar prices are influenced by government rules, and ethanol goes to oil marketing companies at government-fixed prices.

Products and services

  • Sugar production
  • Ethanol/biofuel
  • Bagasse-based power cogeneration
  • Distillery/spirits

Customers

  • Sugar wholesalers/retailers
  • Oil marketing companies (ethanol blending)
  • State electricity grids (power)

Where it sits in the supply chain

  • Agricultural processing
  • Sugarcane crushing / sugar production
  • Ethanol distillation & bagasse power…

What could go right

  • India's ethanol-blending (E20) mandate
  • Sugar/ethanol price realizations

What could go wrong

  • Sugarcane price/monsoon dependency
  • Government sugar export/pricing policy

Moat: narrow (scale, regulatory licence). Large integrated cane-crushing capacity and ethanol blending mandates help, but sugar prices are government-influenced and cyclical.

Headquarters: Kolkata, India · Founded: 1975 · Employees: 9,505

Named competitors

Balrampur Chini Mills at a glance

Size Balrampur Chini Mills (BALRAMCHIN.NS) is an India Consumer Staples company (Agricultural Commodities/Milling) with a market value of $1.50B, the 469th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹670.30 on 6 Nov 2026.

Performance Over six months the shares gained 27.6%, against -11.1% for the median peer and 0.0% for the India market (cap-weighted) — highest of 20 in its peer set.

Growth Revenue grew 11.2% over the last twelve months (peer median +1.4%); the operating margin is 9.0% (peer median 5.4%).

Valuation It trades at 19.5× forward earnings against a peer median of 12.7× (5th most expensive of 15).

Capital Return on invested capital runs 4.8 points below its cost of capital (12.6% WACC).

Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).

Relative performance

7510012515011 May 202611 Aug 20266 Nov 2026BALRAMCHIN.NS 128Peer median 89
Six months, rebased to 100: Balrampur Chini Mills against the median of its 20 peers (local-currency closes).

Balrampur Chini Mills financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹65.7B₹62.7B₹54.2B₹55.9B₹46.7B
Revenue growth—+16%-3%+20%—
Gross profit₹11.2B₹8.46B₹7.81B₹8.97B₹5.93B
EBITDA₹7.72B₹7.59B₹7.20B₹8.00B₹5.36B
Net income₹4.19B₹3.78B₹4.37B₹5.34B₹2.84B
Free cash flown/a-₹4.73B-₹5.68B-₹1.74B-₹4.43B
Capital expendituren/a₹9.49B₹8.92B₹2.69B₹8.56B
Total debt₹15.4B₹31.7B₹26.3B₹20.1B₹18.8B

Quarterly statements and history in the cockpit →

Balrampur Chini Mills competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%+20%KER002458LTFOODS0000611117000860002100601952AGRODMC1210UIEBIOMARGODREJAGROP8ZMPE603477BALRAMCHIN.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Balrampur Chini Mills is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%20×40×KER002458LTFOODS0000611117601952AGRODMC000998BIOMARGODREJAGROP8ZBALRAMCHIN.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Balrampur Chini Mills is the large dot.

Balrampur Chini Mills competitors and peer comparison

Head to head with its named competitors (BALRAMCHIN.NS vs BAJAJHIND.NS vs TRIVENI.NS vs EIDPARRY.NS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Balrampur Chini Mills BALRAMCHIN.NS$1.50B+28%+11%9%19.5×n/a
Bajaj Hindusthan Sugar BAJAJHIND.NS$470M-8%-2%1%n/an/a
Triveni Engineering and Industries TRIVENI.NS$561M-4%+2%8%11.0×n/a
E.I.D.-Parry (India) EIDPARRY.NS$1.21B-24%+16%7%11.4×n/a

How Balrampur Chini Mills compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Balrampur Chini Mills against its 20 peers (data as of 6 Nov 2026)
MeasureBALRAMCHIN.NSPeer medianRank in peer set
1-month return-5.1%-4.4%10th lowest of 21
6-month return+27.6%-11.1%highest of 20
Distance from 52-week high-14.2%-25.0%4th highest of 21
Revenue growth (TTM)+11.2%+1.4%4th highest of 21
Operating margin9.0%5.4%7th highest of 21
Forward P/E19.5×12.7×5th most expensive of 15
ROIC minus cost of capital-4.8 pp-1.5 pp7th lowest of 21
EV / EBITDA19.6×9.6×2nd most expensive of 11
Net debt / EBITDA1.2×1.6×5th least indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Balrampur Chini Mills BALRAMCHIN.NSIndia$1.50B+28%+11%9%19.5×n/an/a
Kernel KER.WAPoland$1.47B0%-1%5%5.4×8.0%-5.4%
Shandong Yisheng Livestock & Poultry Breeding 002458.SZChina$1.54B-16%+15%17%18.2×6.3%+11.1%
LT Foods LTFOODS.NSIndia$1.55B-3%+24%8%12.8×25.7%+18.2%
Liuliumei 6658.HKHong Kong$1.58Bn/a+6%12%n/an/an/a
Shenzhen Agricultural Products 000061.SZChina$1.63B-22%-22%12%26.1×4.2%+15.6%
China Modern Dairy 1117.HKHong Kong$1.37B+3%+5%-15%12.5×n/an/a
Beijing Shunxin Agriculture 000860.SZChina$1.36B-4%-20%-5%n/an/an/a
Tecon Biology 002100.SZChina$1.72B+6%-8%-5%n/an/an/a
Jiangsu Provincial Agricultural Reclamation & Dev 601952.SSChina$1.72B-16%-5%4%20.1×-2.2%+3.2%
Adecoagro AGROUnited States$1.30B-31%+7%2%5.3×37.5%+12.1%
Del Monte DMCUnited States$1.29B-27%+1%4%12.1×n/an/a
Great Wall Enterprise 1210.TWTaiwan$1.28B-4%+2%4%12.0×n/an/a
Yuan Longping High-Tech Agriculture 000998.SZChina$1.77B-11%-5%5%46.5×n/an/a
Uie UIE.CODenmark$1.81B+5%+12%37%n/a-13.0%+13.1%
BioMar Group A/S BIOMAR.CODenmark$1.83B-37%0%6%13.0×-2.0%-0.5%
Godrej Agrovet GODREJAGRO.NSIndia$1.23B+3%+9%6%21.7×15.1%+10.3%
Beijing Dbn Technology 002385.SZChina$1.86B-23%-1%-6%n/an/an/a
Bumitama Agri P8Z.SISingapore$1.87B-25%+9%25%9.0×-15.2%+12.9%
M.P. Evans MPE.LUnited Kingdom$1.20B-5%+1%39%9.7×-9.7%+15.6%
Leshan Giantstar Farming & Husbandry 603477.SSChina$1.19B-19%-2%-15%n/an/an/a

Questions

Who are Balrampur Chini Mills's main competitors?
Named competitors: Bajaj Hindusthan Sugar (BAJAJHIND.NS), Dhampur Sugar Mills (private or unlisted), Triveni Engineering & Industries (TRIVENI.NS), EID Parry (EIDPARRY.NS). The cockpit's measured peer set (industry) also includes Kernel (KER.WA), Shandong Yisheng Livestock & Poultry Breeding (002458.SZ), LT Foods (LTFOODS.NS), Liuliumei (6658.HK), Shenzhen Agricultural Products (000061.SZ), China Modern Dairy (1117.HK).
Is Balrampur Chini Mills expensive compared with its peers?
On forward p/e it trades at 19.5× against a peer median of 12.7×, 5th most expensive of 15 in its peer set.
How has Balrampur Chini Mills stock performed?
Over six months to 6 Nov 2026 the shares returned +27.6% against -11.1% for the median peer; over one year +42.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.