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

₹ 51.4 -1.17%
21 Nov - close price
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 ₹ 333 Cr.
  • Current Price ₹ 51.4
  • High / Low ₹ 71.8 / 37.1
  • Stock P/E
  • Book Value ₹ 62.6
  • 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 0.82 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.
  • Earnings include an other income of Rs.30.7 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
394.70 449.04 463.76 383.02 345.95 289.46 328.46 194.19 279.14 197.84 248.25 215.86 232.87
340.79 398.99 442.43 351.34 335.51 284.23 324.68 180.24 274.22 181.52 257.37 212.53 212.97
Operating Profit 53.91 50.05 21.33 31.68 10.44 5.23 3.78 13.95 4.92 16.32 -9.12 3.33 19.90
OPM % 13.66% 11.15% 4.60% 8.27% 3.02% 1.81% 1.15% 7.18% 1.76% 8.25% -3.67% 1.54% 8.55%
1.76 2.65 1.55 0.49 0.47 1.95 0.75 1.48 11.24 2.28 15.66 12.44 0.33
Interest 16.21 11.98 12.01 13.62 15.49 14.59 10.53 12.74 11.37 12.46 12.52 11.72 11.29
Depreciation 7.79 8.02 9.93 8.23 8.27 8.49 8.15 7.70 7.73 7.02 7.43 6.44 6.57
Profit before tax 31.67 32.70 0.94 10.32 -12.85 -15.90 -14.15 -5.01 -2.94 -0.88 -13.41 -2.39 2.37
Tax % 34.10% 35.57% 208.51% 25.29% -29.26% -30.19% -28.20% -36.33% -96.26% -92.05% -19.76% -230.54% 50.63%
20.87 21.07 -1.03 7.70 -9.09 -11.10 -10.17 -3.20 -0.12 -0.07 -10.76 3.12 1.17
EPS in Rs 2.90 3.03 -0.05 0.91 -1.82 -2.07 -1.59 -0.74 -0.36 -0.31 -1.98 0.48 0.18
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 Mar 2023 Mar 2024 TTM
559 699 730 822 868 1,008 1,174 1,134 1,019 1,560 1,398 924 895
445 581 647 726 783 911 1,057 1,038 940 1,393 1,346 894 864
Operating Profit 113 118 83 96 85 97 117 96 78 167 53 30 30
OPM % 20% 17% 11% 12% 10% 10% 10% 8% 8% 11% 4% 3% 3%
1 1 3 1 3 6 9 18 4 6 6 27 31
Interest 38 38 38 38 44 60 67 72 62 53 58 49 48
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 -14
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 -7
EPS in Rs 4.23 4.89 2.05 3.02 1.78 1.36 3.24 0.37 -1.70 8.09 -4.56 -3.39 -1.63
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: -18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -3%
TTM: 47%
Stock Price CAGR
10 Years: -2%
5 Years: 5%
3 Years: -6%
1 Year: -1%
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

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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