Is Bannari Amman Spinning Mills a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bannari Amman Spinning Mills Ltd is a below average quality company .

Is Bannari Amman Spinning Mills undervalued or overvalued?

The key valuation ratios of Bannari Amman Spinning Mills Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Bannari Amman Spinning Mills share price return in the past 10 years?

Bannari Amman Spinning Mills Ltd share price has appreciated 3.3% annually (CAGR) over the past ten years.

Is Bannari Amman Spinning Mills a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Bannari Amman Spinning Mills Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the P/E ratio of Bannari Amman Spinning Mills?

The latest standalone P/E ratio of Bannari Amman Spinning Mills as of 26-Apr-2024 is 0.00.

What is the P/B ratio of Bannari Amman Spinning Mills?

The latest standalone P/B ratio of Bannari Amman Spinning Mills as of 26-Apr-2024 is 0.76.

What is the 52-week high and low of Bannari Amman Spinning Mills?

The 52-week high of Bannari Amman Spinning Mills is Rs. 59.87 and the 52-week low is Rs. 37.09.

Bannari Amman Spinning Mills Ltd - Stock Valuation and Financial Performance

Name: Bannari Amman Spinning Mills
Brand: Bannari Amman Spinning Mills

BSE: 532674 | NSE: BASML | Textile - Spinning | Small Cap

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Bannari Amman Spg Share Price

₹49.60 3.60 7.83%
as on 26-Apr'24 16:01

10 Year X-Ray of Bannari Amman Spg:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	9.1%	5.4%	6.1%	5.2%	5.2%	6.1%	3.6%	3.2%	9.5%	-0.3%	-
Value Creation Index ⓘ	-0.4	-0.6	-0.6	-0.6	-0.6	-0.6	-0.7	-0.8	-0.3	-1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	700	680	771	868	892	1,000	925	860	1,285	1,095	1,042
Sales YoY Gr.	-	-2.8%	13.3%	12.6%	2.7%	12.1%	-7.5%	-7.1%	49.5%	-14.8%	-
Adj EPS ⓘ	6.5	2.4	3.8	2.1	1.3	3	-2.2	-2.6	7.2	-5.6	-3.6
YoY Gr.	-	-62.8%	56.6%	-43.8%	-40.9%	136.5%	-174.8%	NA	NA	-176.8%	-
BVPS (₹) ⓘ	49.4	52	55.2	59.2	60	63.3	62.8	60.7	68.4	62.5	60.4
Adj Net Profit ⓘ	31.8	11.8	18.5	10.4	6.2	14.6	-10.9	-12.5	46.9	-36	-24
Cash Flow from Ops. ⓘ	4.2	113	57.6	25.7	11.7	57.3	123	166	47.3	-42.9	-
Debt/CF from Ops. ⓘ	107.4	3.9	8.3	21.7	54.9	11.7	5	3	9.1	-13.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.1%	4.2%	5.8%	-14.8%
Adj EPS ⓘ	-198.2%	-234.5%	NA	-176.8%
BVPSⓘ	2.7%	0.8%	-0.1%	-8.6%
Share Price	3.3%	-3.3%	7.4%	20.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	13.9	4.8	7.1	3.7	2.1	4.8	-3.5	-4.1	12.7	-8.5	-5.9
Op. Profit Mgn % ⓘ	16.9	11.7	11.9	9.9	9.7	10.3	8.2	8	11.4	2.1	3.7
Net Profit Mgn % ⓘ	4.6	1.7	2.4	1.2	0.7	1.5	-1.2	-1.5	3.7	-3.3	-2.3
Debt to Equity ⓘ	1.9	1.8	1.8	1.9	2.2	2.2	2	1.7	1	1.4	-
Working Cap Days ⓘ	135	170	162	147	158	173	190	177	117	166	71
Cash Conv. Cycle ⓘ	101	128	121	111	108	114	124	103	71	113	11

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 5.79%

Debt to equity has increased versus last 3 years average to 1.39

Sales growth is not so good in last 4 quarters at -7.48%

Latest Financials - Bannari Amman Spinning Mills Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-3.6	-3
TTM Sales (₹ Cr.)	1,042	1,298
BVPS (₹.) ⓘ	60.4	63.8
Reserves (₹ Cr.) ⓘ	359	381
P/BV ⓘ	0.76	0.72
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	37.09 / 59.87
All Time Low / High (₹)	8.03 / 131.16
Market Cap (₹ Cr.)	299
Equity (₹ Cr.)	32.4
Face Value (₹)	5
Industry PE ⓘ	32.1

Management X-Ray of Bannari Amman Spg:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Bannari Amman Spg

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Bannari Amman Spg

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	700	680	771	868	892	1,000	925	860	1,285	1,095
Operating Expenses ⓘ	582	601	679	783	805	897	850	793	1,139	1,073
Manufacturing Costs	71	68	79	57	78	93	79	79	107	96
Material Costs	451	468	519	631	608	677	650	595	869	843
Employee Cost	32	34	45	54	82	91	88	79	110	96
Other Costs ⓘ	28	31	35	41	36	36	33	40	54	37
Operating Profit ⓘ	118	80	92	85	87	103	75	67	146	23
Operating Profit Margin (%)	16.8%	11.7%	11.9%	9.8%	9.7%	10.3%	8.1%	7.8%	11.4%	2.1%
Other Income ⓘ	1	1	1	2	6	9	18	6	4	4
Interest ⓘ	38	36	36	44	57	62	65	57	46	48
Depreciation ⓘ	35	27	29	30	28	30	28	28	28	29
Exceptional Items ⓘ	0	1	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	46	19	28	14	8	19	0	-12	76	-50
Tax ⓘ	14	6	9	3	0	0	0	-2	27	-16
Profit After Tax	32	13	19	11	7	19	0	-11	49	-35
PAT Margin (%)	4.5%	1.9%	2.4%	1.3%	0.8%	1.9%	0.0%	-1.2%	3.8%	-3.2%
Adjusted EPS (₹)	6.5	2.6	3.8	2.3	1.5	4.0	0.0	-2.2	7.5	-5.4
Dividend Payout Ratio (%)	10%	18%	14%	25%	34%	13%	0%	0%	8%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	243	254	270	289	293	309	307	297	444	405
Share Capital ⓘ	16	16	16	16	16	16	16	16	32	32
Reserves ⓘ	227	239	254	273	277	293	291	281	411	373
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	382	379	414	506	608	617	563	448	422	542
Long Term Debt	204	206	177	191	255	215	183	158	225	275
Short Term Debt	178	173	237	315	352	402	380	291	197	267
Trade Payables	39	59	85	37	100	89	113	95	84	102
Others Liabilities ⓘ	147	150	163	113	86	105	110	103	89	80
Total Liabilities ⓘ	810	842	931	946	1,087	1,120	1,093	943	1,039	1,130
Fixed Assets
Gross Block	701	727	815	601	653	673	657	647	665	711
Accumulated Depreciation	261	287	316	27	55	85	89	105	132	161
Net Fixed Assetsⓘ	440	440	499	574	598	589	569	542	533	550
CWIP ⓘ	2	50	20	3	1	1	0	0	4	5
Investmentsⓘ	24	27	27	25	27	27	26	26	28	32
Inventories	183	153	196	198	276	255	249	181	214	284
Trade Receivables	67	74	88	85	114	177	164	129	176	183
Cash Equivalents	21	14	10	22	9	8	28	9	12	7
Others Assetsⓘ	73	85	90	40	61	62	57	56	72	68
Total Assets ⓘ	810	842	931	946	1,087	1,120	1,093	943	1,039	1,130

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	4	113	58	26	12	57	123	166	47	-43
PBT ⓘ	46	19	28	14	8	19	0	-12	76	-50
Adjustment ⓘ	74	63	65	73	84	86	74	84	77	77
Changes in Working Capital ⓘ	-108	36	-29	-56	-78	-44	51	93	-93	-69
Tax Paid ⓘ	-8	-5	-6	-6	-2	-4	-2	1	-13	-1
Cash Flow From Investing Activity ⓘ	-29	-75	-58	-67	-45	-23	16	0	-23	-45
Capex	-28	-73	-59	-70	-47	-22	13	3	-21	-41
Net Investments	-1	-3	0	3	5	-2	2	2	-3	-4
Others ⓘ	1	1	1	0	-2	1	1	-4	1	1
Cash Flow From Financing Activityⓘ	24	-46	-3	53	24	-38	-118	-184	-22	82
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	99	0
Net Proceeds from Borrowing ⓘ	-46	0	-29	15	47	-22	-25	-30	22	51
Interest Paid ⓘ	-38	-36	-35	-37	-56	-63	-67	-64	-48	-48
Dividend Paid ⓘ	-4	-4	-3	-3	-3	-3	-3	0	0	-4
Others ⓘ	112	-5	64	78	37	50	-23	-90	-94	82
Net Cash Flow ⓘ	-1	-7	-4	12	-9	-3	21	-18	2	-6

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	13.94	5.18	7.09	4.01	2.52	6.43	0.06	-3.5	13.16	-8.2
ROCE (%)	13.08	7.99	8.87	7.32	7.26	8.52	6.84	5.13	14.63	-0.31
Asset Turnover Ratio	0.93	0.82	0.87	0.93	0.88	0.91	0.84	0.84	1.3	1.01
PAT to CFO Conversion(x)	0.13	8.69	3.05	2.36	1.71	3	N/A	N/A	0.96	N/A
Working Capital Days
Receivable Days	29	38	38	36	41	53	67	62	43	60
Inventory Days	72	90	83	83	97	97	99	91	56	83
Payable Days	0	0	0	22	41	51	57	64	38	40

Bannari Amman Spinning Mills Ltd Stock News

Bannari Amman Spinning Mills Ltd FAQs

What is the share price of Bannari Amman Spg?

Company share prices are keep on changing according to the market conditions. The closing price of Bannari Amman Spg on 26-Apr-2024 16:01 is ₹49.60.

What is the market cap of Bannari Amman Spg?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Apr-2024 16:01 the market cap of Bannari Amman Spg stood at ₹298.6.

What is the P/E ratio of Bannari Amman Spg?

The latest P/E ratio of Bannari Amman Spg as of 26-Apr-2024 16:01 is 0.00.

What is the P/B ratio of Bannari Amman Spg?

The latest P/B ratio of Bannari Amman Spg as of 26-Apr-2024 16:01 is 0.76.

What is the 52-week high and low of Bannari Amman Spg?

The 52-week high of Bannari Amman Spg is ₹59.87 and the 52-week low is ₹37.09.

What is the TTM revenue of Bannari Amman Spg?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bannari Amman Spg is ₹1,042 ( Cr.) .

About Bannari Amman Spinning Mills Ltd

Bannari Amman Spinning Mills was incorporated as Shiva Textiles (CBT) Limited on July 10, 1989 under the Companies Act, 1956 and changed name to â€œBannari Amman Spinning Mills Ltd.â€œ on October 11, 1991 and commenced its commercial operations in the year 1995

Since inception the company has evolved to be a leader in cotton yarn spinning in South India, Commanding a premium in the market for its products. As on March 31, 2007, it has two factories for yarn spinning housed in around 7.85 lakh square feet in Tamil Nadu with an installed capacity of more than 1,35,000 spindles. The spinning division is in Dindigul, Tamil Nadu. The weaving division located in Coimbatore, Tamil Nadu, has an installation of 135 Sulzer projectile wider width Looms, in a working space of 2.2 lakh sq feet. The Company now also has a technical textile division comprising of coating, flocking and lamination units.

The Weaving Division- It specializes in manufacturing wider-width cotton fabric up to 140 inches in the 500 TC to 1000 TC (thread count) range. It has Sulzer projectile wider -width looms with the capability to weave across a range of fibers and counts in an economic manner. It produces with 2, 4 and 8 pick insertions, with maximum warp density of 110 ends/cm (280ends/inch) with warp counts upto 100s Ne. It had dobby looms also in wider width. Currently 35 looms have been specially modified for ultra fine count weaving. It also has 93 Jumbo looms capable of producing jointless fabric rolls in excess of 3000 metres in length. These looms are used mainly for industrial fabrics.

Lamination Division-Bannari has installation of a Gravure roll based moisture cured Poly Urethane lamination system. This unit can bond different types of fabrics together for advanced applications. PUR technology is used which is the most advanced lamination technology in the world and also is the technology of choice in the Western World. The unit has a capacity to laminate more than 300,000 metres of fabric per month upto a width of 1.9 metres.

The Company has installed four windmills of 1250 kilovolt-ampere (KVA) each totalling five megawatt (MW) in Tirunelveli District, Tamilnadu and 14 windmills of 800 kilowatt (KW) capacity totaling 11.20 MW at Dharapuram Taluk, Erode District, Tamilnadu.

BASML exports cotton yarn to countries like Turkey, Egypt, Korea, Honkong, Singapore and Poland.

Product range:

Quick Dry - A bed protector for beds wherever babies and the elderly sleep. ie., waterproof, breathable, absorbent, soft, reusable, anti allergic, durable & more...
Allied Products
Reusable - Adult and baby diapers, Breathable & waterproofed, with biodegradable single use pads
Flock blankets Fluffiest, lightest, softest & warmest, blankets in the world, only manufacturer in SE Asia. Combed & Carded ring spun yarn from 6/s to 40/s count, hosiery yarn

Divisions

Spinning Division is capable of producing more than 60 tonnes/day of Combed & Carded ring spun yarn from 6/s to 40/s count. Mainly hosiery yarn for knitting market.
Weaving Division - One of the quality Fabric producing facility in India having the capability to produce all kinds of woven fabrics in 100% cotton, in various thread counts (TC) ranging from 500 TC to 1000 TC, in wider width upto 140 inches,with warp counts upto 90s Ne, with 250 threads in 1 inches and weft counts upto 120s Ne, with 2, 4 and 8 pick insertions.
Wind Mill Division