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

₹ 52.5 -0.08%
26 Dec 4:01 p.m.
bannarimills.com BSE: 532674 NSE: BASML
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 - BE
  • Market Cap ₹ 364 Cr.
  • Current Price ₹ 52.5
  • High / Low ₹ 71.8 / 37.1
  • Stock P/E
  • Book Value ₹ 63.8
  • Dividend Yield 0.00 %
  • ROCE 2.11 %
  • ROE -7.00 %
  • Face Value ₹ 5.00
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Pros

  • Stock is trading at 0.82 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.58% over past five years.
  • Company has a low return on equity of -1.05% over last 3 years.
  • Earnings include an other income of Rs.54.4 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
317.90 377.50 383.22 292.25 253.44 215.02 328.46 194.19 283.24 197.84 248.25 215.86 232.87
271.05 333.19 362.60 269.07 255.36 216.84 324.67 180.15 274.49 181.50 257.04 212.51 212.96
Operating Profit 46.85 44.31 20.62 23.18 -1.92 -1.82 3.79 14.04 8.75 16.34 -8.79 3.35 19.91
OPM % 14.74% 11.74% 5.38% 7.93% -0.76% -0.85% 1.15% 7.23% 3.09% 8.26% -3.54% 1.55% 8.55%
0.86 1.44 1.77 0.21 0.08 1.05 0.75 -1.68 2.85 -1.23 13.81 41.35 0.45
Interest 14.04 11.00 9.99 10.67 12.40 12.60 10.66 12.74 11.37 12.46 12.52 11.72 11.29
Depreciation 6.60 6.83 7.98 6.97 6.89 6.83 7.90 7.45 7.48 6.77 7.17 6.19 6.31
Profit before tax 27.07 27.92 4.42 5.75 -21.13 -20.20 -14.02 -7.83 -7.25 -4.12 -14.67 26.79 2.76
Tax % 34.61% 38.18% 65.38% 23.30% -26.60% -29.70% -32.03% -21.84% -40.55% -11.41% -17.11% -20.57% 43.48%
17.70 17.27 1.53 4.41 -15.51 -14.21 -9.52 -6.12 -4.31 -3.64 -12.16 32.30 1.56
EPS in Rs 2.73 2.66 0.24 0.68 -2.39 -2.19 -1.47 -0.94 -0.66 -0.56 -1.88 4.98 0.24
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
559 699 678 767 868 892 1,000 925 860 1,285 1,046 924 895
445 580 598 675 782 805 897 850 792 1,139 1,024 894 864
Operating Profit 114 118 80 92 86 87 103 75 67 147 22 30 31
OPM % 20% 17% 12% 12% 10% 10% 10% 8% 8% 11% 2% 3% 3%
1 1 2 1 2 6 9 18 5 4 -1 14 54
Interest 38 38 36 36 44 57 62 65 57 46 43 49 48
Depreciation 36 35 27 29 30 28 30 28 28 28 27 29 26
Profit before tax 41 46 19 28 14 8 19 0 -12 76 -49 -34 11
Tax % 33% 31% 33% 33% 22% 4% -1% 17% -15% 36% -28% -23%
27 32 13 19 11 7 19 0 -11 49 -35 -26 18
EPS in Rs 4.23 4.89 1.99 2.87 1.73 1.14 2.99 0.03 -1.63 7.51 -5.37 -4.05 2.78
Dividend Payout % 12% 10% 18% 14% 25% 34% 13% 0% 0% 8% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: -2%
3 Years: 2%
TTM: -12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -56%
TTM: 46%
Stock Price CAGR
10 Years: 0%
5 Years: 8%
3 Years: -12%
1 Year: 8%
Return on Equity
10 Years: 1%
5 Years: -2%
3 Years: -1%
Last Year: -7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 199 227 239 254 273 277 293 291 281 411 373 347 381
382 448 443 477 555 641 668 623 503 432 566 507 467
96 120 145 184 101 153 143 163 144 163 158 166 139
Total Liabilities 694 810 842 931 946 1,087 1,120 1,093 943 1,039 1,130 1,053 1,019
442 440 440 499 574 598 589 569 542 533 502 480 482
CWIP 7 2 50 20 3 1 1 0 0 4 5 10 4
Investments 23 24 27 27 25 27 27 26 26 28 32 4 4
222 344 326 384 345 460 503 498 375 474 590 559 529
Total Assets 694 810 842 931 946 1,087 1,120 1,093 943 1,039 1,130 1,053 1,019

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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 58 26 12 57 123 166 47 -43 116
-23 -29 -75 -58 -67 -45 -22 16 -0 -23 -45 -3
-71 24 -46 -3 53 24 -38 -118 -184 -22 82 -110
Net Cash Flow 9 -1 -7 -4 12 -9 -3 21 -18 2 -6 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 42 36 47 65 65 55 50 64 67
Inventory Days 98 148 120 138 114 166 138 140 111 90 126 110
Days Payable 36 31 46 60 22 60 48 63 58 35 45 52
Cash Conversion Cycle 92 152 113 120 128 153 154 141 108 105 145 125
Working Capital Days 31 83 65 68 83 122 120 107 102 90 134 119
ROCE % 13% 13% 8% 9% 7% 7% 8% 5% 5% 15% -0% 2%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33% 55.33%
0.33% 0.25% 0.37% 0.32% 0.12% 0.08% 0.08% 0.15% 0.07% 0.05% 0.01% 0.01%
44.33% 44.41% 44.29% 44.34% 44.54% 44.59% 44.58% 44.51% 44.59% 44.61% 44.66% 44.65%
No. of Shareholders 14,08516,57517,18217,71517,82717,54317,79817,48318,24920,87220,76024,056

* 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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