Page 40 - BCML AR 2019-20
P. 40
Staying conservative can
be rewarding as well…
How BCML’s We could have acquired We selected to remain in our
conservative business whatever acquisition known territory and acquired assets
opportunity came to us.
model has been a win- commensurate with our managerial
win proposition for all bandwidth instead.
stakeholders…
We paid a cumulative D421.67 crore
We could have only
reinvested in the through three buyback offers, D309.08
business all the profit crore through dividends (including
generated. dividend tax) and repaid D726.12 crore of
long-term loans in four years instead.
We could have ‘played’ We liquidated our sugar inventory as
the market to maximise and when we were allocated export
profits quotas, maximising cash flows in the
organisation instead.
730.74 2488.10 5 0.19
D crore D crore
Payouts through Cumulative cash Number of times the Long-term debt-
three buybacks + profit generated in Company remained equity ratio as on
dividends five years ending profitable in the past 31st March 2020
2019-20 five years
38 | Balrampur Chini Mills Limited
