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 ₹ 4,684 Cr.
- Current Price ₹ 3,735
- High / Low ₹ 4,675 / 3,000
- Stock P/E 41.3
- 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 2.63 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 | 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: | 19% |
5 Years: | 23% |
3 Years: | 7% |
1 Year: | 11% |
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
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1d
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Sep - Newspaper publication regarding 100 days campaign "Saksham Niveshak" by IEPFA
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Shareholder Meeting / Postal Ballot-Outcome of AGM
29 Aug - 29 Aug 2025 AGM: Rs12.50 dividend on 12,539,700 shares; chairman and MD reappointed; all resolutions passed.
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Announcement under Regulation 30 (LODR)-Change in Management
29 Aug - Appointed Smt. Sowmya Sitaram as Woman Independent Director for five years from 11.09.2025 to 10.09.2030, subject to shareholder approval.
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]