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 ₹ 3,711 Cr.
- Current Price ₹ 2,959
- High / Low ₹ 3,049 / 2,189
- Stock P/E 24.4
- Book Value ₹ 1,346
- Dividend Yield 0.42 %
- ROCE 11.9 %
- ROE 9.40 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 35.2 to 22.0 days.
Cons
- Company has a low return on equity of 8.39% over last 3 years.
- Company might be capitalizing the interest cost
* 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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,337 | 651 | 930 | 1,456 | 1,752 | 1,481 | 1,125 | 1,609 | 1,563 | 1,998 | 2,526 | 2,220 | |
1,052 | 503 | 802 | 1,251 | 1,404 | 1,270 | 943 | 1,378 | 1,352 | 1,780 | 2,221 | 1,914 | |
Operating Profit | 285 | 148 | 128 | 204 | 348 | 211 | 182 | 231 | 211 | 218 | 304 | 306 |
OPM % | 21% | 23% | 14% | 14% | 20% | 14% | 16% | 14% | 13% | 11% | 12% | 14% |
-6 | -2 | 16 | 3 | 6 | 5 | 8 | 4 | 9 | 3 | 39 | 7 | |
Interest | 45 | 62 | 93 | 116 | 97 | 34 | 30 | 44 | 39 | 32 | 49 | 32 |
Depreciation | 60 | 52 | 51 | 62 | 69 | 70 | 67 | 65 | 66 | 68 | 74 | 58 |
Profit before tax | 174 | 32 | 0 | 30 | 187 | 112 | 93 | 126 | 115 | 122 | 220 | 224 |
Tax % | 18% | 11% | -209% | -7% | 22% | 22% | 18% | 24% | 20% | 34% | 35% | 32% |
142 | 29 | 1 | 32 | 145 | 87 | 76 | 96 | 92 | 80 | 143 | 152 | |
EPS in Rs | 124.56 | 25.08 | 0.90 | 27.73 | 115.77 | 69.59 | 60.56 | 76.27 | 73.48 | 63.78 | 114.35 | 121.45 |
Dividend Payout % | 10% | 50% | 278% | 27% | 11% | 14% | 17% | 13% | 14% | 16% | 11% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 15% |
3 Years: | 12% |
TTM: | -12% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 15% |
3 Years: | 19% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 16% |
3 Years: | 19% |
1 Year: | 6% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 8% |
3 Years: | 8% |
Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 11 | 11 | 11 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Reserves | 931 | 943 | 940 | 920 | 1,055 | 1,123 | 1,183 | 1,262 | 1,344 | 1,411 | 1,539 | 1,676 |
458 | 1,052 | 1,221 | 1,534 | 1,038 | 508 | 769 | 996 | 872 | 961 | 581 | 486 | |
315 | 274 | 232 | 355 | 297 | 143 | 237 | 164 | 163 | 184 | 226 | 260 | |
Total Liabilities | 1,715 | 2,281 | 2,405 | 2,821 | 2,402 | 1,786 | 2,202 | 2,434 | 2,390 | 2,569 | 2,359 | 2,435 |
669 | 632 | 917 | 1,138 | 1,103 | 1,082 | 1,026 | 1,004 | 954 | 1,049 | 1,079 | 1,071 | |
CWIP | 33 | 268 | 22 | 15 | 34 | 4 | 24 | 90 | 145 | 61 | 22 | 112 |
Investments | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 3 |
1,013 | 1,381 | 1,466 | 1,667 | 1,263 | 699 | 1,151 | 1,340 | 1,291 | 1,458 | 1,257 | 1,249 | |
Total Assets | 1,715 | 2,281 | 2,405 | 2,821 | 2,402 | 1,786 | 2,202 | 2,434 | 2,390 | 2,569 | 2,359 | 2,435 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
158 | -255 | 20 | 178 | 645 | 588 | -192 | -57 | 236 | 33 | 502 | 274 | |
-57 | -253 | -74 | -275 | -52 | -16 | -27 | -106 | -61 | -75 | -57 | -130 | |
-103 | 509 | 61 | 107 | -604 | -579 | 219 | 167 | -179 | 42 | -443 | -144 | |
Net Cash Flow | -1 | 0 | 7 | 10 | -11 | -6 | 0 | 4 | -5 | -0 | 3 | 1 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 27 | 23 | 16 | 33 | 24 | 17 | 42 | 43 | 38 | 63 | 20 | 22 |
Inventory Days | 348 | 1,542 | 757 | 485 | 296 | 188 | 529 | 330 | 339 | 255 | 205 | 243 |
Days Payable | 60 | 97 | 39 | 50 | 27 | 28 | 95 | 21 | 20 | 22 | 17 | 19 |
Cash Conversion Cycle | 315 | 1,468 | 734 | 468 | 293 | 176 | 476 | 352 | 356 | 296 | 209 | 246 |
Working Capital Days | 178 | 602 | 465 | 278 | 164 | 114 | 274 | 255 | 260 | 234 | 146 | 170 |
ROCE % | 17% | 6% | 4% | 6% | 12% | 8% | 7% | 8% | 7% | 7% | 12% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances
30 May - Disturbance - called Off on 29.05.2024
- Reply To The Clarification Sought On Late Submission With Respect To Outcome Of Board Meeting 28 May
- Announcement under Regulation 30 (LODR)-Newspaper Publication 25 May
- Board Meeting Outcome for Audited Financial Statements For Year Ended 31St March, 2024 23 May
- Submission Of Disclosure On Related Party Transactions 23 May
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
-
Financial Year 2010
from bse
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]