Bannari Amman Spinning Mills Ltd

₹ 52.3 -0.38%
16 Aug 1:00 p.m.
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]

  • Market Cap 339 Cr.
  • Current Price 52.3
  • High / Low 101 / 48.2
  • Stock P/E 8.33
  • Book Value 68.4
  • Dividend Yield 0.00 %
  • ROCE 14.6 %
  • ROE 13.2 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.78 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 34.5% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 8.16% over past five years.
  • Company has a low return on equity of 1.79% for 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
228.68 217.38 242.07 236.85 102.77 234.86 253.09 268.91 206.81 317.90 377.50 383.22 292.25
200.37 191.49 226.63 231.46 112.84 222.47 222.20 235.51 172.27 271.05 333.19 362.60 269.07
Operating Profit 28.31 25.89 15.44 5.39 -10.07 12.39 30.89 33.40 34.54 46.85 44.31 20.62 23.18
OPM % 12.38% 11.91% 6.38% 2.28% -9.80% 5.28% 12.21% 12.42% 16.70% 14.74% 11.74% 5.38% 7.93%
0.09 0.71 13.56 4.11 4.62 0.52 0.31 0.32 0.18 0.86 1.44 1.77 0.21
Interest 15.86 15.83 17.25 16.01 14.11 15.46 14.12 13.06 11.29 14.04 11.00 9.99 10.67
Depreciation 7.97 8.82 8.12 3.41 7.51 6.62 7.07 6.89 6.77 6.60 6.83 7.98 6.97
Profit before tax 4.57 1.95 3.63 -9.92 -27.07 -9.17 10.01 13.77 16.66 27.07 27.92 4.42 5.75
Tax % -4.16% 5.13% 66.39% 22.98% 15.29% 15.27% 15.28% 15.25% 26.71% 34.61% 38.18% 65.38% 23.30%
Net Profit 4.77 1.85 1.22 -7.64 -22.93 -7.77 8.48 11.66 12.21 17.70 17.27 1.53 4.41
EPS in Rs 0.74 0.29 0.19 -1.18 -3.55 -1.20 1.31 1.80 1.89 2.73 2.66 0.24 0.68

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 1,371
412 422 445 580 598 675 782 805 897 850 792 1,139 1,236
Operating Profit 131 34 114 118 80 92 86 87 103 75 67 146 135
OPM % 24% 7% 20% 17% 12% 12% 10% 10% 10% 8% 8% 11% 10%
16 2 1 1 2 1 2 6 9 18 5 4 4
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 28
Profit before tax 59 -34 41 46 19 28 14 8 19 0 -12 76 65
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 41
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 6.31
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: 42%
Compounded Profit Growth
10 Years: 17%
5 Years: 35%
3 Years: 37%
TTM: 66%
Stock Price CAGR
10 Years: 7%
5 Years: -12%
3 Years: 8%
1 Year: -11%
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
16 16 16 16 16 16 16 16 16 16 16 32
Reserves 192 176 199 227 238 253 273 277 293 291 281 411
513 416 382 448 443 477 555 641 668 623 503 432
98 86 96 120 146 184 101 153 143 163 144 176
Total Liabilities 819 693 694 810 842 931 946 1,087 1,120 1,093 943 1,052
481 464 442 440 440 499 574 598 589 569 542 533
CWIP 1 2 7 2 50 20 3 1 1 0 0 4
Investments 17 17 23 24 27 27 25 27 27 26 26 28
320 211 222 344 326 384 345 460 503 498 375 488
Total Assets 819 693 694 810 842 931 946 1,087 1,120 1,093 943 1,052

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 0 0 0 0 0 0 22 60 48 63 58 44
Cash Conversion Cycle 247 132 128 184 160 180 128 153 154 141 108 96
Working Capital Days 120 37 31 83 65 68 83 122 120 107 79 90
ROCE % 10% -0% 13% 13% 8% 9% 7% 7% 8% 5% 5% 15%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
55.55 55.55 55.55 55.55 55.55 55.55 55.55 55.55 55.55 55.33 55.33 55.33
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.28 0.33 0.25 0.37
0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
44.45 44.45 44.45 44.45 44.45 44.45 44.45 44.45 44.17 44.33 44.41 44.29

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