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 ₹ 3,450 Cr.
- Current Price ₹ 2,752
- High / Low ₹ 3,194 / 1,951
- Stock P/E 32.4
- Book Value ₹ 1,167
- Dividend Yield 0.36 %
- ROCE 6.75 %
- ROE 5.88 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Company has a low return on equity of 6.77% over last 3 years.
- Company might be capitalizing the interest cost
- Dividend payout has been low at 14.1% of profits over last 3 years
- Debtor days have increased from 47.9 to 63.1 days.
* 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 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
827 | 1,182 | 1,337 | 651 | 930 | 1,456 | 1,752 | 1,481 | 1,125 | 1,609 | 1,563 | 1,998 | 2,114 | |
681 | 956 | 1,052 | 503 | 802 | 1,251 | 1,404 | 1,270 | 943 | 1,378 | 1,352 | 1,780 | 1,876 | |
Operating Profit | 146 | 227 | 285 | 148 | 128 | 204 | 348 | 211 | 182 | 231 | 211 | 218 | 239 |
OPM % | 18% | 19% | 21% | 23% | 14% | 14% | 20% | 14% | 16% | 14% | 13% | 11% | 11% |
5 | 3 | -6 | -2 | 16 | 3 | 6 | 5 | 8 | 4 | 9 | 3 | 39 | |
Interest | 23 | 51 | 45 | 62 | 93 | 116 | 97 | 34 | 30 | 44 | 39 | 31 | 43 |
Depreciation | 71 | 67 | 60 | 52 | 51 | 62 | 69 | 70 | 67 | 65 | 66 | 68 | 74 |
Profit before tax | 56 | 112 | 174 | 32 | 0 | 30 | 187 | 112 | 93 | 126 | 115 | 122 | 161 |
Tax % | 5% | 6% | 18% | 11% | -209% | -7% | 22% | 22% | 18% | 24% | 20% | 34% | |
Net Profit | 53 | 106 | 142 | 29 | 1 | 32 | 145 | 87 | 76 | 96 | 92 | 80 | 106 |
EPS in Rs | 46.38 | 92.37 | 124.56 | 25.08 | 0.90 | 27.73 | 115.77 | 69.59 | 60.56 | 76.27 | 73.48 | 63.78 | 84.89 |
Dividend Payout % | 22% | 11% | 10% | 50% | 278% | 27% | 11% | 14% | 17% | 13% | 14% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 3% |
3 Years: | 21% |
TTM: | 28% |
Compounded Profit Growth | |
---|---|
10 Years: | -2% |
5 Years: | -11% |
3 Years: | 3% |
TTM: | 33% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 7% |
3 Years: | 22% |
1 Year: | -2% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 7% |
3 Years: | 7% |
Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
11 | 11 | 11 | 11 | 11 | 11 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | |
Reserves | 713 | 804 | 931 | 943 | 940 | 919 | 1,055 | 1,123 | 1,183 | 1,262 | 1,344 | 1,411 | 1,451 |
523 | 495 | 458 | 1,052 | 1,221 | 1,534 | 1,038 | 508 | 769 | 996 | 872 | 961 | 849 | |
260 | 252 | 315 | 274 | 232 | 357 | 297 | 143 | 237 | 164 | 163 | 184 | 252 | |
Total Liabilities | 1,507 | 1,563 | 1,715 | 2,281 | 2,405 | 2,821 | 2,402 | 1,786 | 2,202 | 2,434 | 2,390 | 2,569 | 2,565 |
714 | 686 | 669 | 632 | 917 | 1,138 | 1,103 | 1,082 | 1,026 | 1,004 | 954 | 1,049 | 1,073 | |
CWIP | 21 | 23 | 33 | 268 | 22 | 15 | 34 | 4 | 24 | 90 | 145 | 61 | 28 |
Investments | 1 | 1 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
771 | 853 | 1,013 | 1,381 | 1,466 | 1,667 | 1,263 | 699 | 1,151 | 1,340 | 1,291 | 1,458 | 1,463 | |
Total Assets | 1,507 | 1,563 | 1,715 | 2,281 | 2,405 | 2,821 | 2,402 | 1,786 | 2,202 | 2,434 | 2,390 | 2,569 | 2,565 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-168 | 171 | 158 | -255 | 20 | 178 | 645 | 588 | -192 | -57 | 236 | 32 | |
-61 | -40 | -57 | -253 | -74 | -275 | -52 | -16 | -27 | -106 | -61 | -75 | |
228 | -129 | -103 | 509 | 61 | 107 | -604 | -579 | 219 | 167 | -179 | 43 | |
Net Cash Flow | -1 | 1 | -1 | 0 | 7 | 10 | -11 | -6 | 0 | 4 | -5 | -0 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 44 | 29 | 27 | 23 | 16 | 33 | 24 | 17 | 42 | 43 | 38 | 63 |
Inventory Days | 458 | 320 | 348 | 1,542 | 757 | 485 | 296 | 188 | 529 | 330 | 339 | 255 |
Days Payable | 80 | 48 | 60 | 97 | 39 | 50 | 27 | 28 | 95 | 21 | 20 | 22 |
Cash Conversion Cycle | 423 | 301 | 315 | 1,468 | 734 | 468 | 293 | 176 | 476 | 352 | 356 | 296 |
Working Capital Days | 218 | 165 | 178 | 602 | 465 | 278 | 164 | 114 | 274 | 255 | 260 | 234 |
ROCE % | 7% | 13% | 17% | 6% | 4% | 6% | 12% | 8% | 7% | 8% | 7% | 7% |
Documents
Announcements
- Board Meeting Intimation for Unaudited Financial Results For The Quarter And Nine Months Ended 31.12.2022 12h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 6 Jan
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jan - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st December, 2022
- Closure of Trading Window 28 Dec
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 28 Dec
Annual reports
-
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
-
Financial Year 2010
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]