Bannari Amman Spinning Mills Ltd

Bannari Amm Spg. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bannari Amman Spinning Mills Ltd

₹ 37.0 -3.02%
24 Mar - close price
bannarimills.com BSE: 532674 NSE : BASML
About

Bannari Amman Spinning Mills Limited, incorporated in 1989, is an integrated textile company engaged in the manufacture of cotton yarn, fabric and home textile products as well as wind power generation. [1]

Key Points

Product Portfolio
Cotton Yarn: Ring spun yarn, organic yarn, compact yarn etc.
Home textiles and made ups: Flat Sheet, Fitted Sheet, Duvet Cover, Valance, Pillowcase, Sheet Set etc.
Garments: The Co’s garmenting division manufactures knitted garments under the name of Fashion Threads and Accel Apparels. [1][2]

Website BSE NSE
  • Market Cap ₹ 240 Cr.
  • Current Price ₹ 37.0
  • High / Low ₹ 92.5 / 36.2
  • Stock P/E
  • Book Value ₹ 66.7
  • Dividend Yield 1.62 %
  • ROCE 14.7 %
  • ROE 13.2 %
  • Face Value ₹ 5.00
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Pros

  • Stock is trading at 0.55 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.16% over past five years.
  • Company has a low return on equity of 1.82% over last 3 years.
  • Contingent liabilities of Rs.102 Cr.

* 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.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
242 237 103 235 253 269 207 318 378 383 292 253 215
227 231 113 222 222 236 172 271 333 363 269 255 217
Operating Profit 15 5 -10 12 31 33 35 47 44 21 23 -2 -2
OPM % 6% 2% -10% 5% 12% 12% 17% 15% 12% 5% 8% -1% -1%
14 4 5 1 0 0 0 1 1 2 0 0 1
Interest 17 16 14 15 14 13 11 14 11 10 11 12 13
Depreciation 8 3 8 7 7 7 7 7 7 8 7 7 7
Profit before tax 4 -10 -27 -9 10 14 17 27 28 4 6 -21 -20
Tax % 66% 23% 15% 15% 15% 15% 27% 35% 38% 65% 23% 27% 30%
Net Profit 1 -8 -23 -8 8 12 12 18 17 2 4 -16 -14
EPS in Rs 0.19 -1.18 -3.55 -1.20 1.31 1.80 1.89 2.73 2.66 0.24 0.68 -2.39 -2.19
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
543 456 559 699 678 767 868 892 1,000 925 860 1,285 1,144
412 422 445 580 598 675 782 805 897 850 792 1,139 1,104
Operating Profit 131 34 114 118 80 92 86 87 103 75 67 147 40
OPM % 24% 7% 20% 17% 12% 12% 10% 10% 10% 8% 8% 11% 4%
16 2 1 1 2 1 2 6 9 18 5 4 3
Interest 26 33 38 38 36 36 44 57 62 65 57 46 46
Depreciation 62 37 36 35 27 29 30 28 30 28 28 28 29
Profit before tax 59 -34 41 46 19 28 14 8 19 0 -12 76 -31
Tax % 34% 52% 33% 31% 33% 33% 22% 4% -1% 17% 15% 36%
Net Profit 39 -16 27 32 13 19 11 7 19 0 -11 49 -24
EPS in Rs 6.01 -2.53 4.23 4.89 1.99 2.87 1.73 1.14 2.99 0.03 -1.63 7.51 -3.66
Dividend Payout % 8% 0% 12% 10% 18% 14% 25% 34% 13% 0% 0% 8%
Compounded Sales Growth
10 Years: 11%
5 Years: 8%
3 Years: 9%
TTM: -2%
Compounded Profit Growth
10 Years: 17%
5 Years: 35%
3 Years: 38%
TTM: -140%
Stock Price CAGR
10 Years: 1%
5 Years: -13%
3 Years: 18%
1 Year: -53%
Return on Equity
10 Years: 5%
5 Years: 3%
3 Years: 2%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
16 16 16 16 16 16 16 16 16 16 16 32 32
Reserves 192 176 199 227 239 254 273 277 293 291 281 411 400
513 416 382 448 443 477 555 641 668 623 503 432 520
98 86 96 120 145 184 101 153 143 163 144 176 125
Total Liabilities 819 693 694 810 842 931 946 1,087 1,120 1,093 943 1,052 1,077
481 464 442 440 440 499 574 598 589 569 542 533 541
CWIP 1 2 7 2 50 20 3 1 1 0 0 4 1
Investments 17 17 23 24 27 27 25 27 27 26 26 28 30
320 211 222 344 326 384 345 460 503 498 375 488 505
Total Assets 819 693 694 810 842 931 946 1,087 1,120 1,093 943 1,052 1,077

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
18 165 103 4 113 58 26 12 57 123 166 47
-38 -19 -23 -29 -75 -58 -67 -45 -22 16 -0 -23
11 -138 -71 24 -46 -3 53 24 -38 -118 -184 -22
Net Cash Flow -9 7 9 -1 -7 -4 12 -9 -3 21 -18 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 25 26 29 35 40 42 36 47 65 65 55 50
Inventory Days 222 106 98 148 120 138 114 166 138 140 111 90
Days Payable 33 41 36 31 46 60 22 60 48 63 58 44
Cash Conversion Cycle 214 91 92 152 113 120 128 153 154 141 108 96
Working Capital Days 120 37 31 83 65 68 83 122 120 107 102 90
ROCE % 10% -0% 13% 13% 8% 9% 7% 7% 8% 5% 5% 15%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
55.55 55.55 55.55 55.55 55.55 55.55 55.55 55.33 55.33 55.33 55.33 55.33
0.00 0.00 0.00 0.00 0.00 0.00 0.28 0.33 0.25 0.37 0.32 0.12
44.45 44.45 44.45 44.45 44.45 44.45 44.17 44.33 44.41 44.29 44.34 44.54

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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