Bannari Amman Sugars Ltd
Bannari Amman Sugars Limited is one of the leading sugar manufacturers in India. It has three sugar factories with cogeneration plants in Tamilnadu and two sugar factories with co-generation plants in Karnataka. It has two distillery units one in Tamilnadu and another in Karnataka. It has a Granite Processing unit in Tamilnadu. The company also has windmills which are located in the southern part of Tamilnadu. [1]
- Market Cap ₹ 4,693 Cr.
- Current Price ₹ 3,759
- High / Low ₹ 4,675 / 3,000
- Stock P/E 44.8
- Book Value ₹ 1,419
- Dividend Yield 0.33 %
- ROCE 8.68 %
- ROE 6.04 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 2.65 times its book value
- The company has delivered a poor sales growth of 2.19% over past five years.
- Company has a low return on equity of 8.26% over last 3 years.
- Dividend payout has been low at 12.1% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
651 | 930 | 1,456 | 1,752 | 1,481 | 1,125 | 1,609 | 1,563 | 1,998 | 2,526 | 2,220 | 1,793 | |
503 | 802 | 1,251 | 1,404 | 1,270 | 943 | 1,378 | 1,352 | 1,780 | 2,221 | 1,914 | 1,583 | |
Operating Profit | 148 | 128 | 204 | 348 | 211 | 182 | 231 | 211 | 218 | 304 | 306 | 210 |
OPM % | 23% | 14% | 14% | 20% | 14% | 16% | 14% | 13% | 11% | 12% | 14% | 12% |
-2 | 16 | 3 | 6 | 5 | 8 | 4 | 9 | 3 | 39 | 7 | 26 | |
Interest | 62 | 93 | 116 | 97 | 34 | 30 | 44 | 39 | 32 | 49 | 32 | 16 |
Depreciation | 52 | 51 | 62 | 69 | 70 | 67 | 65 | 66 | 68 | 74 | 58 | 59 |
Profit before tax | 32 | 0 | 30 | 187 | 112 | 93 | 126 | 115 | 122 | 220 | 224 | 162 |
Tax % | 11% | -209% | -7% | 22% | 22% | 18% | 24% | 20% | 34% | 35% | 32% | 35% |
29 | 1 | 32 | 145 | 87 | 76 | 96 | 92 | 80 | 143 | 152 | 105 | |
EPS in Rs | 25.08 | 0.90 | 27.73 | 115.77 | 69.59 | 60.56 | 76.27 | 73.48 | 63.78 | 114.35 | 121.45 | 83.47 |
Dividend Payout % | 50% | 278% | 27% | 11% | 14% | 17% | 13% | 14% | 16% | 11% | 10% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 2% |
3 Years: | -4% |
TTM: | -19% |
Compounded Profit Growth | |
---|---|
10 Years: | 64% |
5 Years: | 2% |
3 Years: | 9% |
TTM: | -31% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 24% |
3 Years: | 15% |
1 Year: | 19% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | 8% |
Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 11 | 11 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Reserves | 943 | 940 | 920 | 1,055 | 1,123 | 1,183 | 1,262 | 1,344 | 1,411 | 1,539 | 1,676 | 1,766 |
1,052 | 1,221 | 1,534 | 1,038 | 508 | 769 | 996 | 872 | 961 | 581 | 486 | 150 | |
274 | 232 | 355 | 297 | 143 | 237 | 164 | 163 | 184 | 226 | 260 | 297 | |
Total Liabilities | 2,281 | 2,405 | 2,821 | 2,402 | 1,786 | 2,202 | 2,434 | 2,390 | 2,569 | 2,359 | 2,435 | 2,226 |
632 | 917 | 1,138 | 1,103 | 1,082 | 1,026 | 1,004 | 954 | 1,049 | 1,078 | 1,071 | 1,189 | |
CWIP | 268 | 22 | 15 | 34 | 4 | 24 | 90 | 145 | 61 | 22 | 112 | 11 |
Investments | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 4 |
1,381 | 1,466 | 1,667 | 1,263 | 699 | 1,151 | 1,340 | 1,291 | 1,458 | 1,257 | 1,249 | 1,022 | |
Total Assets | 2,281 | 2,405 | 2,821 | 2,402 | 1,786 | 2,202 | 2,434 | 2,390 | 2,569 | 2,359 | 2,435 | 2,226 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-255 | 20 | 178 | 645 | 588 | -192 | -57 | 236 | 33 | 502 | 274 | 430 | |
-253 | -74 | -275 | -52 | -16 | -27 | -106 | -61 | -75 | -57 | -130 | -65 | |
509 | 61 | 107 | -604 | -579 | 219 | 167 | -179 | 42 | -443 | -144 | -369 | |
Net Cash Flow | 0 | 7 | 10 | -11 | -6 | 0 | 4 | -5 | -0 | 3 | 1 | -5 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 16 | 33 | 24 | 17 | 42 | 43 | 38 | 63 | 20 | 22 | 14 |
Inventory Days | 1,542 | 757 | 485 | 296 | 188 | 529 | 330 | 339 | 255 | 205 | 247 | 277 |
Days Payable | 97 | 39 | 50 | 27 | 28 | 95 | 21 | 20 | 22 | 17 | 19 | 27 |
Cash Conversion Cycle | 1,468 | 734 | 468 | 293 | 176 | 476 | 352 | 356 | 296 | 209 | 249 | 263 |
Working Capital Days | 164 | 109 | 98 | 68 | 71 | 115 | 91 | 96 | 81 | 85 | 101 | 142 |
ROCE % | 6% | 4% | 6% | 12% | 8% | 7% | 8% | 7% | 7% | 12% | 12% | 9% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Jul
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Business Responsibility and Sustainability Reporting (BRSR)
30 Jul - Bannari Amman Sugars files FY25 Business Responsibility and Sustainability Report detailing ESG initiatives.
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Reg. 34 (1) Annual Report.
28 Jul - Notice of 41st AGM on 29 Aug 2025, re-appointment of Chairman and MD, dividend declaration, auditor appointments.
- Annual General Meeting On 29-08-2025 28 Jul
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Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended 30Th June 2025
23 Jul - Board meeting on 6 Aug 2025 to approve Q1 June 2025 unaudited financial results; trading window closed till 8 Aug.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
FY22 Business Segments
Sugar (84% of revenue)- [1]
It has an installed capacity of 23700 Tons per day (TCD) for cane crushing across all 5 units. 3 facilities are located in Tamilnadu and 2 in Karnataka. It established its first sugar factory in the year 1986 with a crushing capacity of 1250 TCPD.[2][3] In the sugar business it sells sugar (77% revenue) and other by-products like Molasses, Bagasse, Bioproducts, fertilizer & pesticides. (together generates 7% of total revenue). [4]