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 ₹ 3,531 Cr.
- Current Price ₹ 2,820
- High / Low ₹ 3,194 / 1,951
- Stock P/E 24.6
- Book Value ₹ 1,238
- Dividend Yield 0.35 %
- ROCE 11.9 %
- ROE 9.64 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 40.4 to 20.4 days.
- Company's working capital requirements have reduced from 214 days to 146 days
Cons
- Company has a low return on equity of 7.50% over last 3 years.
- Company might be capitalizing the interest cost
- Dividend payout has been low at 13.4% 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,182 | 1,337 | 651 | 930 | 1,456 | 1,752 | 1,481 | 1,125 | 1,609 | 1,563 | 1,998 | 2,526 | |
956 | 1,052 | 503 | 802 | 1,251 | 1,404 | 1,270 | 943 | 1,378 | 1,352 | 1,780 | 2,221 | |
Operating Profit | 227 | 285 | 148 | 128 | 204 | 348 | 211 | 182 | 231 | 211 | 218 | 304 |
OPM % | 19% | 21% | 23% | 14% | 14% | 20% | 14% | 16% | 14% | 13% | 11% | 12% |
3 | -6 | -2 | 16 | 3 | 6 | 5 | 8 | 4 | 9 | 3 | 39 | |
Interest | 51 | 45 | 62 | 93 | 116 | 97 | 34 | 30 | 44 | 39 | 31 | 49 |
Depreciation | 67 | 60 | 52 | 51 | 62 | 69 | 70 | 67 | 65 | 66 | 68 | 74 |
Profit before tax | 112 | 174 | 32 | 0 | 30 | 187 | 112 | 93 | 126 | 115 | 122 | 220 |
Tax % | 6% | 18% | 11% | -209% | -7% | 22% | 22% | 18% | 24% | 20% | 34% | 35% |
Net Profit | 106 | 142 | 29 | 1 | 32 | 145 | 87 | 76 | 96 | 92 | 80 | 143 |
EPS in Rs | 92.37 | 124.56 | 25.08 | 0.90 | 27.73 | 115.77 | 69.59 | 60.56 | 76.27 | 73.48 | 63.78 | 114.35 |
Dividend Payout % | 11% | 10% | 50% | 278% | 27% | 11% | 14% | 17% | 13% | 14% | 16% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 11% |
3 Years: | 16% |
TTM: | 26% |
Compounded Profit Growth | |
---|---|
10 Years: | 0% |
5 Years: | 10% |
3 Years: | 14% |
TTM: | 76% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 12% |
3 Years: | 49% |
1 Year: | 11% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 7% |
3 Years: | 8% |
Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
11 | 11 | 11 | 11 | 11 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | |
Reserves | 804 | 931 | 943 | 940 | 920 | 1,055 | 1,123 | 1,183 | 1,262 | 1,344 | 1,411 | 1,539 |
495 | 458 | 1,052 | 1,221 | 1,534 | 1,038 | 508 | 769 | 996 | 872 | 961 | 581 | |
252 | 315 | 274 | 232 | 355 | 297 | 143 | 237 | 164 | 163 | 184 | 226 | |
Total Liabilities | 1,563 | 1,715 | 2,281 | 2,405 | 2,821 | 2,402 | 1,786 | 2,202 | 2,434 | 2,390 | 2,569 | 2,359 |
686 | 669 | 632 | 917 | 1,138 | 1,103 | 1,082 | 1,026 | 1,004 | 954 | 1,049 | 1,079 | |
CWIP | 23 | 33 | 268 | 22 | 15 | 34 | 4 | 24 | 90 | 145 | 61 | 22 |
Investments | 1 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 2 |
853 | 1,013 | 1,381 | 1,466 | 1,667 | 1,263 | 699 | 1,151 | 1,340 | 1,291 | 1,458 | 1,257 | |
Total Assets | 1,563 | 1,715 | 2,281 | 2,405 | 2,821 | 2,402 | 1,786 | 2,202 | 2,434 | 2,390 | 2,569 | 2,359 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
171 | 158 | -255 | 20 | 178 | 645 | 588 | -192 | -57 | 236 | 32 | 502 | |
-40 | -57 | -253 | -74 | -275 | -52 | -16 | -27 | -106 | -61 | -75 | -57 | |
-129 | -103 | 509 | 61 | 107 | -604 | -579 | 219 | 167 | -179 | 43 | -443 | |
Net Cash Flow | 1 | -1 | 0 | 7 | 10 | -11 | -6 | 0 | 4 | -5 | -0 | 3 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 29 | 27 | 23 | 16 | 33 | 24 | 17 | 42 | 43 | 38 | 63 | 20 |
Inventory Days | 320 | 348 | 1,542 | 757 | 485 | 296 | 188 | 529 | 330 | 339 | 255 | 202 |
Days Payable | 48 | 60 | 97 | 39 | 50 | 27 | 28 | 95 | 21 | 20 | 22 | 17 |
Cash Conversion Cycle | 301 | 315 | 1,468 | 734 | 468 | 293 | 176 | 476 | 352 | 356 | 296 | 206 |
Working Capital Days | 165 | 178 | 602 | 465 | 278 | 164 | 114 | 274 | 255 | 260 | 234 | 146 |
ROCE % | 13% | 17% | 6% | 4% | 6% | 12% | 8% | 7% | 8% | 7% | 7% | 12% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 27 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
25 May - Listing and Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the Annual Secretarial Compliance Report for the financial year ended 31st March, 2023
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
25 May - Clauses of the company which are presently restricted in scope, requires to be comprehensive so as to cover wide range of activities in the area …
- Submission Of Disclosure On Related Party Transactions 24 May
- Board Meeting Outcome for Outcome Of Board Meeting Held On 24Th May, 2023 24 May
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
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Financial Year 2010
from bse
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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]