News

Sector Indices

Name Value Change %
BSE 100 9,323.04 18.7 0.2
BSE 200 2,186.28 4.5 0.2
BSE 500 6,839.78 14.6 0.2
BSE AUTO 9,795.42 82.1 0.8
BSE BANKEX 12,029.51 42.6 0.4
BSE CD 6,206.72 37.9 0.6
BSE CG 10,216.73 [76.8] [0.7]
Skip Navigation Links.
 

Balrampur Chini Mills (Q2 F9/10) – MP (Target Rs78, Downside 4.9%)
India Infoline Research Team / 17:09 , Apr 29, 2010

CMP Rs82, Target Rs78, Downside 4.9%

  • Sugar revenues up 43% yoy driven by ~59% surge in realizations to Rs32/kg
  • Sugar EBIT collapses on a ~60% jump in landed cane cost, higher (20%) levy obligation ; co-gen cushions EBIDTA with an 18% increase in realization to Rs3.9/unit
  • PAT drops 58% due to ~50% yoy contraction in OPM, higher tax burden and despite savings in interest cost
  • Weakness in sugar prices prompts a downgrade to MP with a reduced TP of Rs78
Click here to download the complete report