Bannari Amman Spinning Mills Ltd

₹ 47.4 -3.47%
27 Jan - close price
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 307 Cr.
  • Current Price 47.4
  • High / Low 95.6 / 44.2
  • Stock P/E 19.1
  • Book Value 68.8
  • Dividend Yield 1.27 %
  • ROCE 15.0 %
  • ROE 14.0 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.69 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 36.0% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 3.58% over last 3 years.
  • Contingent liabilities of Rs.104 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
281.36 292.45 278.62 132.55 280.01 297.34 308.64 252.73 394.70 449.04 463.76 383.02 345.95
249.93 272.29 268.44 141.26 264.66 263.55 271.54 211.32 340.79 398.99 442.43 351.34 335.51
Operating Profit 31.43 20.16 10.18 -8.71 15.35 33.79 37.10 41.41 53.91 50.05 21.33 31.68 10.44
OPM % 11.17% 6.89% 3.65% -6.57% 5.48% 11.36% 12.02% 16.39% 13.66% 11.15% 4.60% 8.27% 3.02%
0.96 13.20 4.21 4.71 0.20 0.20 0.07 0.09 1.76 2.65 1.55 0.49 0.47
Interest 17.15 17.53 19.79 15.62 16.24 16.28 13.87 13.12 16.21 11.98 12.01 13.62 15.49
Depreciation 9.95 9.22 4.48 8.61 7.83 8.22 8.09 7.96 7.79 8.02 9.93 8.23 8.27
Profit before tax 5.29 6.61 -9.88 -28.23 -8.52 9.49 15.21 20.42 31.67 32.70 0.94 10.32 -12.85
Tax % 23.06% 51.29% 13.06% 15.62% 13.97% 15.28% 16.44% 25.12% 34.10% 35.57% 208.51% 25.29% 29.26%
Net Profit 4.07 3.22 -8.59 -23.81 -7.33 8.04 12.71 15.29 20.87 21.07 -1.03 7.70 -9.09
EPS in Rs 0.43 0.34 -1.31 -3.62 -1.18 1.26 1.84 2.22 2.90 3.03 -0.05 0.91 -1.82
Raw PDF

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 TTM
559 699 730 822 868 1,008 1,174 1,134 1,019 1,560 1,642
445 581 647 726 783 911 1,057 1,038 940 1,393 1,528
Operating Profit 113 118 83 96 85 97 117 96 78 167 114
OPM % 20% 17% 11% 12% 10% 10% 10% 8% 8% 11% 7%
1 1 3 1 3 6 9 18 4 6 5
Interest 38 38 38 38 44 60 67 72 62 53 53
Depreciation 36 35 28 30 30 31 34 33 33 34 34
Profit before tax 41 46 20 29 15 11 25 10 -12 86 31
Tax % 33% 31% 33% 33% 22% 15% 6% 41% 14% 34%
Net Profit 27 32 13 20 12 10 24 6 -10 56 19
EPS in Rs 4.23 4.89 2.05 3.02 1.78 1.36 3.24 0.37 -1.70 8.09 2.07
Dividend Payout % 12% 10% 18% 13% 25% 29% 12% 0% 0% 7%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 10%
TTM: 31%
Compounded Profit Growth
10 Years: %
5 Years: 36%
3 Years: 37%
TTM: -70%
Stock Price CAGR
10 Years: 3%
5 Years: -14%
3 Years: 2%
1 Year: -44%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 4%
Last Year: 14%

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 Sep 2022
16 16 16 16 16 16 16 16 16 32 32
Reserves 199 227 228 244 269 279 297 297 286 420 414
382 448 462 499 555 702 725 680 584 520 598
96 120 146 189 101 211 222 255 229 276 221
Total Liabilities 694 810 852 947 941 1,208 1,259 1,247 1,114 1,249 1,265
442 440 452 514 574 669 659 640 613 599 632
CWIP 7 2 50 20 3 1 1 4 17 30 1
Investments 23 24 5 4 21 1 1 0 0 2 4
222 344 344 409 345 537 598 603 484 618 627
Total Assets 694 810 852 947 941 1,208 1,259 1,247 1,114 1,249 1,265

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
103 4 113 59 26 22 67 139 160 56
-23 -29 -75 -60 -67 -42 -26 7 -12 -34
-71 24 -44 -3 53 19 -48 -123 -165 -21
Net Cash Flow 9 -1 -6 -4 12 -1 -6 24 -17 1

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
Debtor Days 29 35 40 43 36 45 59 54 50 44
Inventory Days 98 148 117 136 114 173 150 157 138 108
Days Payable 36 31 45 59 22 62 53 71 69 51
Cash Conversion Cycle 92 152 112 120 128 156 156 140 120 101
Working Capital Days 31 83 65 68 77 121 114 102 109 92
ROCE % 13% 8% 9% 7% 8% 9% 6% 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.

Click on the line-items to see the names of individual entities.

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