Buy Balrampur Chini Mills, target price Rs 390: ICICI Direct

ICICI Direct has buy call on Balrampur Chini Mills with a target price of Rs 390. The current market price of Balrampur Chini Mills is Rs 362.6. Time period given by analyst is 14 days when Balrampur Chini Mills Ltd. price can reach defined target.

Balrampur Chini Mills Ltd., incorporated in the year 1975, is a Mid Cap company (having a market cap of Rs 7418.89 Crore) operating in Sugar sector.

Balrampur Chini Mills Ltd. key Products/Revenue Segments include Sugar, Alcohol (Industrial), Export Incentives, Power, Bagasse, Others, Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1291.37 Crore, up 5.52 % from last quarter Total Income of Rs 1223.77 Crore and up 25.71 % from last year same quarter Total Income of Rs 1027.25 Crore. Company reported net profit after tax of Rs 241.42 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 42.42% stake in the company as of 31-Dec 2021, while FIIs owned 21.27%, DIIs 14.61%.