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 ₹ 4,357 Cr.
- Current Price ₹ 3,474
- High / Low ₹ 4,675 / 3,000
- Stock P/E 38.4
- Book Value ₹ 1,419
- Dividend Yield 0.36 %
- ROCE 8.68 %
- ROE 6.04 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
651 | 930 | 1,456 | 1,752 | 1,481 | 1,125 | 1,609 | 1,563 | 1,998 | 2,526 | 2,220 | 1,793 | 1,808 | |
503 | 802 | 1,251 | 1,404 | 1,270 | 943 | 1,378 | 1,352 | 1,780 | 2,221 | 1,914 | 1,583 | 1,589 | |
Operating Profit | 148 | 128 | 204 | 348 | 211 | 182 | 231 | 211 | 218 | 304 | 306 | 210 | 218 |
OPM % | 23% | 14% | 14% | 20% | 14% | 16% | 14% | 13% | 11% | 12% | 14% | 12% | 12% |
-2 | 16 | 3 | 6 | 5 | 8 | 4 | 9 | 3 | 39 | 7 | 26 | 28 | |
Interest | 62 | 93 | 116 | 97 | 34 | 30 | 44 | 39 | 32 | 49 | 32 | 16 | 10 |
Depreciation | 52 | 51 | 62 | 69 | 70 | 67 | 65 | 66 | 68 | 74 | 58 | 59 | 60 |
Profit before tax | 32 | 0 | 30 | 187 | 112 | 93 | 126 | 115 | 122 | 220 | 224 | 162 | 177 |
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 | 113 | |
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 | 90.51 |
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: | -18% |
Compounded Profit Growth | |
---|---|
10 Years: | 64% |
5 Years: | 2% |
3 Years: | 9% |
TTM: | -22% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 22% |
3 Years: | 6% |
1 Year: | -9% |
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
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2025
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Closure of Trading Window
25 Sep - Trading window closed from 1 Oct 2025 until 48 hours after declaration of results for quarter ended 30 Sep 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Sep - Advertisements published regarding Postal ballot in "Business Standard" and "Makkal Kural" (Tamil) on 23rd September, 2025 for your information and records.
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Announcement under Regulation 30 (LODR)-Change in Management
24 Sep - Smt Radha Ramani ceased as Woman Independent Director effective 22 September 2025.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 22 Sep
Annual reports
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Financial Year 2025
from bse
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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]