Balrampur Chini Share Price Up Over 50% in a Year: the Balrampur Chini PLA Plant at Rs 3,100 Crore, Q2 Profit of Rs 102 Crore, the Rs 4 Dividend and What Is Not Confirmed

The Balrampur Chini share price has rallied about 45% to 52% in a year, and the Balrampur Chini PLA plant at Kumbhi, Uttar Pradesh, is the main reason investors are watching it. The company makes sugar and ethanol, and its bet on polylactic acid (PLA), a biodegradable plastic, is now a Rs 3,100 crore project. This note sets out the price, the results, the plant economics and the funding, and flags where sources disagree.

Prices are time-stamped to public pages of 5 to 9 November 2026. One-year returns differ by source because the dates and bases differ, so I show each.

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Balrampur Chini Share Price: Where It Stands

Measure	Reading	Source and date
Balrampur Chini share price: close	Rs 658.4	9 November 2026 (INDmoney); Screener shows Rs 658, down 1.62%
Balrampur Chini share price: earlier price	Rs 678.50	5 November 2026 (Yahoo)
Balrampur Chini share price: 52-week range	Rs 393.55 to Rs 780.95	Per public pages
Balrampur Chini share price: market capitalisation	About Rs 13,934 crore	Around 9 November
Balrampur Chini share price: P/E ratio	About 33	Univest note said 38.6 versus 19.63 for the industry in September
Balrampur Chini share price: one-year return	45.11%, 50.49% and 51.95%	INDmoney 9 Nov, Kotak Neo 6 Nov, Yahoo 5 Nov

The three one-year figures conflict because they were measured on different days from different bases, so the headline of more than 50% depends on the date. The stock closed at Rs 658.4, about 15.7% below its 52-week high of Rs 780.95 and about 67% above the low of Rs 393.55 (my arithmetic). See the Balrampur Chini page on Univest for the live quote.

Balrampur Chini Q2 FY27 Results and Dividend

Metric	Q2 FY27	Year-ago or note
Balrampur Chini share price: net profit	Rs 102.29 crore	Rs 53.89 crore; up about 90%
Balrampur Chini share price: total income	Rs 1,909.84 crore	Revenue Rs 1,876.28 crore
Balrampur Chini share price: EBITDA	Rs 171.40 crore	As reported
Balrampur Chini share price: H1 net profit	Rs 146.43 crore	Rs 105.46 crore a year earlier
Balrampur Chini PLA plant: interim dividend	Rs 4 per share	400% of the Rs 1 face value; record and ex-date 11 November; payment from 26 November

One report shows Q2 profit as Rs 959 crore, but that figure is Rs 959.28 million, which is about Rs 95.9 crore, so it is a unit error. I use Rs 102.29 crore from the filing. Distillery pre-tax profit fell to Rs 391.26 crore from Rs 593.64 crore, which shows the sugar side drove growth. The Rs 4 dividend went ex on 11 November, so a buyer today does not receive it.

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Balrampur Chini PLA Plant: The Rs 3,100 Crore Project

Item	Detail	Note
Balrampur Chini PLA plant: location	Kumbhi, Uttar Pradesh	Sugar and distillery cluster
Balrampur Chini PLA plant: capacity	80,000 tonnes a year of PLA	Biodegradable plastic
Balrampur Chini PLA plant: capex	About Rs 3,080 crore (about Rs 3,100 crore)	Revised up by Rs 230 crore; earlier figure Rs 2,850 crore
Balrampur Chini PLA plant: expected revenue	About Rs 2,000 crore a year	At full capacity
Balrampur Chini PLA plant: EBITDA margin target	About 35%	Per one broker note
Balrampur Chini PLA plant: start of operations	Likely the December quarter	One report says the third quarter, which is inconsistent

The 35% margin and Rs 2,000 crore revenue are targets from company commentary and broker notes, not results. At full capacity the plant would roughly double the company's non-sugar earnings pool, but the project has a long ramp-up and depends on PLA prices, feedstock and demand for bioplastics. The company also plans a Rs 160 crore lactogypsum plant at Kumbhi, making about 76 lakh gypsum boards a year, with production expected by December 2027.

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How the Plant Is Funded

Source	Amount	Note
Balrampur Chini PLA plant: preferential issue	Rs 450 crore at Rs 483 per share	Up to 93,16,771 shares; EGM on 20 May 2026
Balrampur Chini PLA plant: promoter participation	About Rs 200 crore	As disclosed
Balrampur Chini PLA plant: enabling NCD	Rs 200 crore	Debt route
Balrampur Chini PLA plant: typo to ignore	Rs 4,500 crore in one report	The issue is Rs 450 crore

The preferential price of Rs 483 is about 27% below the Rs 658.4 close (my arithmetic), which shows how far the stock has moved since the May approval. New shares dilute existing holders, and the rest of the capex comes from internal accruals and debt. Chairperson Vivek Saraogi and executive director Avantika Saraogi lead the project.

Checklist and Risks

Investor situation	Questions to consider
Balrampur Chini PLA plant: existing holder	How much of the price already reflects the PLA plant?
Balrampur Chini share price: new investor	Does a P/E near 33 fit my view of sugar cycle risk?
Balrampur Chini PLA plant: short-term trader	Can I handle a drop after an ex-dividend date and a 50% rally?
Long-term investor	Can the company deliver the 35% margin target on a new technology?

The main risks are project delay and cost overruns, the PLA margin falling short, sugar and ethanol policy changes, monsoon and cane supply, a falling distillery profit and a high valuation. Targets are not assured.

Conclusion

The Balrampur Chini share price is up 45% to 52% over a year at about Rs 658.4, helped by Q2 profit of Rs 102.29 crore and the Rs 3,100 crore Balrampur Chini PLA plant. The project's economics are still targets. Confirm figures in the filings and consult a SEBI-registered adviser.

Frequently Asked Questions on the Balrampur Chini Share Price and PLA Plant

What is the Balrampur Chini share price today?

Ans. It closed near Rs 658.4 on 9 November 2026 per INDmoney, and Screener showed Rs 658, down 1.62%. Check the live page for the current quote.

How much has the Balrampur Chini share price risen in a year?

Ans. Sources show 45.11%, 50.49% and 51.95% depending on the date and base, so the figure is about 45% to 52%.

What is the Balrampur Chini PLA plant?

Ans. It is an 80,000 tonne a year polylactic acid plant at Kumbhi, Uttar Pradesh, making biodegradable plastic, with capex of about Rs 3,100 crore.

When will the PLA plant start?

Ans. Reports say the December quarter, though one says the third quarter, which is inconsistent. Check the company's updates.

What were the Q2 FY27 results?

Ans. Net profit was Rs 102.29 crore, up about 90% from Rs 53.89 crore, on total income of Rs 1,909.84 crore. A report showing Rs 959 crore is a unit error.

What is the Balrampur Chini dividend?

Ans. The interim dividend is Rs 4 per share, with a record and ex-date of 11 November and payment from 26 November.

How is the PLA plant funded?

Ans. Through a Rs 450 crore preferential issue at Rs 483 per share, an enabling Rs 200 crore NCD and internal accruals.

Should I buy Balrampur Chini shares?

Ans. Univest does not recommend any security. Valuation, project risk and sugar policy matter, so read the filings and consult a SEBI-registered adviser.