BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Balrampur Chini Mills Ltd. is likely to witness one of the best years in terms of profitability, cash flow generation and total debt reduction.
With 2.8 lakh tonne of export in sugar season 2019-20 and 0.51 lakh tonne of sugar sacrifice for B-heavy ethanol, sugar inventories are likely to come down to 2.43 lakh tonne at the end of September 2020 against 4.92 lakh tonne in September 2019.
The huge liquidation of inventory would result in working capital debt coming down to less than Rs 100 crore by September 2020 against Rs 1173 crore in September 2019.
At the start of sugar season 2020-2021, the company would be holding one month of sugar inventory against industry average of 3.5 months.
This would significantly strengthen the balance sheet.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR