Balrampur Chini - Polylactic Acid Opens New Growth Avenues: Systematix

We reiterate 'Buy' on Balrampur Chini with an SoTP-based target price of Rs 488, based on implied FY26E price/earning of 14 times and enterprise value/ Ebitda of 10 times.

<div class="paragraphs"><p>Balrampur Chini Mills. (Source: Company website)</p></div>
Balrampur Chini Mills. (Source: Company website)
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