Balrampur Chini Mills, incorporated in the year 1975, is a Mid Cap company (having a market cap of Rs 7800.63 Crore) operating in Sugar sector.
Balrampur Chini Mills key Products/Revenue Segments include Sugar, Alcohol (Industrial), Power, Bagasse, Export Incentives, Others for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 1507.84 Crore, up 50.57 % from last quarter Total Income of Rs 1001.40 Crore and up 16.76 % from last year same quarter Total Income of Rs 1291.37 Crore. Company has reported net profit after tax of Rs 249.13 Crore in latest quarter.
The company’s top management includes Mr.Vivek Saraogi, Mr.Naresh Dayal, Mr.D K Mittal, Mr.Krishnava Dutt, Ms.Veena Hingarh, Ms.Mamta Binani. Company has Lodha & Co. as its auditors. As on 31-03-2023, the company has a total of 20 Crore shares outstanding.
Investment Rationale
Price rebounding after taking support at 80% retracement of major up move and close above 200day EMA, signaling further pullback in coming sessions.
Promoter/FII Holdings
Promoters held 42.9 per cent stake in the company as of 31-Mar-2023, while FIIs owned 13.52 per cent, DIIs 20.88 per cent.
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