Bannari Amman Spinning Mills Ltd

₹ 31.0 -6.96%

30 Apr - close price

About

Incorporated in 1989, Bannari Amman Spinning Mills Ltd is a manufacturer of cotton yarn, knitted & woven fabrics, processing of fabrics,
finished garments, home textiles and wind power generation^[1]

Key Points

Business Overview:^[1]
BASML is a part of Bannari Amman group.
It is a vertically integrated textile company which manufactures cotton yarn, woven and knitted fabrics, finished garments, home textiles and wind power generation

Website BSE NSE

Market Cap ₹ 223 Cr.
Current Price ₹ 31.0
High / Low ₹ 68.8 / 27.1
Stock P/E
Book Value ₹ 47.7
Dividend Yield 0.00 %
ROCE 1.76 %
ROE -3.75 %
Face Value ₹ 5.00

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Pros

Company has reduced debt.
Stock is trading at 0.65 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -4.69% over past five years.
Company has a low return on equity of 1.26% over last 3 years.
Contingent liabilities of Rs.73.7 Cr.
Earnings include an other income of Rs.27.7 Cr.
Debtor days have increased from 54.2 to 66.1 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.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	449.04	463.76	383.02	345.95	289.46	328.46	194.19	279.14	197.84	248.25	215.86	232.87	213.11
	398.99	442.43	351.34	335.51	284.23	324.68	180.24	274.22	181.52	257.37	212.53	212.97	192.87
Operating Profit	50.05	21.33	31.68	10.44	5.23	3.78	13.95	4.92	16.32	-9.12	3.33	19.90	20.24
OPM %	11.15%	4.60%	8.27%	3.02%	1.81%	1.15%	7.18%	1.76%	8.25%	-3.67%	1.54%	8.55%	9.50%
	2.65	1.55	0.49	0.47	1.95	0.75	1.48	11.24	2.28	15.66	12.44	0.33	-0.69
Interest	11.98	12.01	13.62	15.49	14.59	10.53	12.74	11.37	12.46	12.52	11.72	11.29	10.97
Depreciation	8.02	9.93	8.23	8.27	8.49	8.15	7.70	7.73	7.02	7.43	6.44	6.57	6.48
Profit before tax	32.70	0.94	10.32	-12.85	-15.90	-14.15	-5.01	-2.94	-0.88	-13.41	-2.39	2.37	2.10
Tax %	35.57%	208.51%	25.29%	-29.26%	-30.19%	-28.20%	-36.33%	-96.26%	-92.05%	-19.76%	-230.54%	50.63%	49.52%
	21.07	-1.03	7.70	-9.09	-11.10	-10.17	-3.20	-0.12	-0.07	-10.76	3.12	1.17	1.06
EPS in Rs	2.46	-0.04	0.74	-1.48	-1.68	-1.29	-0.60	-0.29	-0.25	-1.61	0.39	0.15	0.12
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	559	699	730	822	868	1,008	1,174	1,134	1,019	1,560	1,398	924	910
	445	581	647	726	783	911	1,057	1,038	940	1,393	1,346	894	876
Operating Profit	113	118	83	96	85	97	117	96	78	167	53	30	34
OPM %	20%	17%	11%	12%	10%	10%	10%	8%	8%	11%	4%	3%	4%
	1	1	3	1	3	6	9	18	4	6	6	27	28
Interest	38	38	38	38	44	60	67	72	62	53	58	49	46
Depreciation	36	35	28	30	30	31	34	33	33	34	35	30	27
Profit before tax	41	46	20	29	15	11	25	10	-12	86	-33	-22	-11
Tax %	33%	31%	33%	33%	22%	15%	6%	41%	-14%	34%	-32%	-35%
	27	32	13	20	12	10	24	6	-10	56	-23	-14	-5
EPS in Rs	3.43	3.97	1.66	2.45	1.44	1.10	2.63	0.30	-1.38	6.56	-3.70	-2.75	-0.95
Dividend Payout %	12%	10%	18%	13%	25%	29%	12%	-0%	-0%	7%	-0%	-0%

Compounded Sales Growth
10 Years:	3%
5 Years:	-5%
3 Years:	-3%
TTM:	-9%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	-3%
TTM:	40%

Stock Price CAGR
10 Years:	-6%
5 Years:	4%
3 Years:	-26%
1 Year:	-38%

Return on Equity
10 Years:	2%
5 Years:	0%
3 Years:	1%
Last Year:	-4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	16	16	16	16	16	16	16	16	16	32	32	32	32
Reserves	199	227	228	244	269	279	297	297	286	420	388	367	373
	382	448	462	499	555	702	725	680	584	520	621	507	467
	96	120	146	189	101	211	222	255	229	263	243	322	138
Total Liabilities	694	810	852	947	941	1,208	1,259	1,247	1,114	1,235	1,284	1,228	1,011
	442	440	452	514	574	669	659	640	613	599	638	482	484
CWIP	7	2	50	20	3	1	1	4	17	30	6	10	4
Investments	23	24	5	4	21	1	1	0	0	2	7	4	4
	222	344	344	409	345	537	598	603	484	604	633	732	520
Total Assets	694	810	852	947	941	1,208	1,259	1,247	1,114	1,235	1,284	1,228	1,011

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	103	4	113	59	26	22	67	139	160	56	1	125
	-23	-29	-75	-60	-67	-42	-26	7	-12	-34	-48	-9
	-71	24	-44	-3	53	19	-48	-123	-165	-21	38	-113
Net Cash Flow	9	-1	-6	-4	12	-1	-6	24	-17	1	-9	3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	29	35	40	43	36	45	59	54	50	44	52	66
Inventory Days	98	148	117	136	114	173	150	157	138	108	122	110
Days Payable	36	31	45	59	22	62	53	71	69	51	41	52
Cash Conversion Cycle	92	152	112	120	128	156	156	140	120	101	134	125
Working Capital Days	31	83	65	68	77	121	114	102	109	92	117	79
ROCE %		13%	8%	9%	7%	8%	9%	6%	5%	14%	2%	2%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%
	0.37%	0.32%	0.12%	0.08%	0.08%	0.15%	0.07%	0.05%	0.01%	0.01%	0.01%	0.28%
	44.29%	44.34%	44.54%	44.59%	44.58%	44.51%	44.59%	44.61%	44.66%	44.65%	44.65%	44.39%
No. of Shareholders	17,182	17,715	17,827	17,543	17,798	17,483	18,249	20,872	20,760	24,056	23,020	22,821

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	55.55%	55.55%	55.55%	55.55%	55.55%	55.33%	55.33%	55.33%	55.33%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.25%	0.08%	0.05%	0.28%
	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	44.45%	44.43%	44.45%	44.45%	44.45%	44.41%	44.59%	44.61%	44.39%
No. of Shareholders	6,228	5,983	5,765	5,673	7,861	16,575	17,543	20,872	22,821

* 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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Bannari Amman Spinning Mills Ltd

Bannari Amman Spinning Mills Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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