Can This Sugar Stock Will Touch new 52 weeks high ?

The Company is one of the largest integrated sugar companies in India. DEBT FREE Company .

The allied businesses of the Company comprise distillery operations and cogeneration of power.
one of the most efficient integrated sugar producers in the country. The Company has grown its capacity by well-planned capacity expansion projects and the acquisition of existing companies over recent years. 

Manufacturing Capabilities
The company owns and operates 10 manufacturing plants in Eastern & Central Uttar Pradesh. It has an installed crushing capacity of 76500 tones of cane per day. Its 4 distillery units operate at a capacity of 520 KLPD. Its 8 co-gen power units possess a total power output of 170 MW. 
The company has approved capex of 320 crores for setting up its 5th distillery of 320 KLPD capacity at Maizapur unit.

82% Revenues from Sugar
Sugar business accounts for 82% of the company’s revenues, followed by distillery business (10%) & Co-gen power business (8%).

Entry into downstream businesses
Distillery business- It entered into the distillery business in 1996 and has commissioned 4 distilleries till date. it is primarily engaged in the production of industrial alcohol and ethanol. 
Co-gen power business- Balrampur entered the business of power co-generation in 2003. Over the years, the Company commissioned aggregate saleable co-generation capacity of 165.20 megawatts. Of the total power generated, the Company consumes nearly 37% within and markets the rest to the state electricity grid. 

Buybacks
The company has done 4 share buybacks till Q1 of 2020-21 with a cumulative payout of more than 500 crores.

Stock Price CAGR
10 Years:13%
5 Years:20%
3 Years:52%

 Return on Equity10 Years:

5 Years : 26 %

3 Years : 23%

Last Year : 22% .

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Sep 2008Sep 2009Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
ROCE %9%15%14%5%11%5%1%12%26%13%20%16%
Debtor Days1341123209192617153818
Inventory Turnover1.762.332.211.021.301.051.341.121.041.691.491.52

STOCK NAME : BALRAMPUR CHINNI MILLS LTD

CMP : 160 .

TARGET : 192 – 208- 240-290++

BASED ON : FUNDEMENTAL ANALYSIS.

STUDY PURPOSES ONLY .

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