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Bannari Amman Sugars Ltd (BANARISUG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500041 NSE: BANARISUG Sugar | Small Cap | Banna Amman Sugars Share Price

₹3,798.90 -137.55 (-3.49%)

As on 04-Sep'26 16:59

Bannari Amman Sugars Ltd (BANARISUG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500041 NSE: BANARISUG Sugar | Small Cap | Banna Amman Sugars Share Price

₹3,798.90 -137.55 (-3.49%)

As on 04-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹4,764 Cr.
Current Price
₹3,798.9
52-Week Low / High
₹2,915 / 4,345
TTM EPS
₹97.1
TTM Sales
₹1,671 Cr.
Book Value per Share
₹1,517.2
P/E Ratio
39.13
Higher than its 5-year historical median
Industry PE
27.1
Price to Book (P/B)
2.50
Higher than its 5-year historical median
Price to Sales (P/S)
2.85
Higher than its 5-year historical median
EV/EBITDA
23.65
Higher than its 5-year historical median
Dividend Yield
0.33%
Profitability Efficiency
Return on Equity (ROE)
8.01%
Outperforms industry median
Return on Capital Employed (ROCE)
9.33%
In line with industry median
Return on Assets (ROA)
6.66%
Operating Profit Margin
10.3%
Net Profit Margin
7.72%
Gross Profit Margin
12.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
6.9%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-5.98%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
41.32%
Asset Quality
Promoter Holding
58.70%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,890 Cr.
Equity
₹12.5 Cr.
Face Value
₹10
All Time Low / High
₹32.75 / 4674.95

Bannari Amman Sugars stock performance

Key Ratios
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Quality

Not Good
Check detailed performance

Valuation

Overvalued

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Price Trend

Strong
Check Price chart
Q.1 Is Bannari Amman Sugars Ltd a good quality company?
Bannari Amman Sugars Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

View More

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

View More
How does Bannari Amman Sugars Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Bannari Amman Sugars Ltd vs industry peers?
Bannari Amman Sugars Ltd revenue CAGR is 4.17%, compared to the industry median CAGR of 3.88%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Bannari Amman Sugars Ltd?
Promoters hold 58.70% of the Bannari Amman Sugars Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Bannari Amman Sugars Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.2% based on the current price.
View More

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bannari Amman Sugars Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ12.4%7.8%6.8%8.1%6.8%6.7%11.9%11.9%8.7%9.3%-
Value Creation
Index ⓘ		-0.1-0.4-0.5-0.4-0.5-0.5-0.2-0.2-0.4-0.3-

Growth Parameters ⓘ
Sales ⓘ1,7521,4811,1251,6091,5631,9982,5262,2201,7931,9171,671
Sales YoY Gr.--15.5%-24%43.1%-2.9%27.9%26.4%-12.1%-19.3%6.9%-
Adj EPS ⓘ115.769.860.176.371.665114.1120.883.4116.297.1
YoY Gr.--39.7%-13.9%27%-6.1%-9.2%75.4%5.9%-31%39.4%-
BVPS (₹) ⓘ851905.6953.71,016.71,081.41,135.11,237.61,346.51,418.61,525.91,517.2
Adj Net
Profit ⓘ		14587.575.395.689.881.6143152105146122
Cash Flow from Ops. ⓘ645588-192-57.223632.5502274430514-
Debt/CF from Ops. ⓘ1.60.9-4-17.43.729.51.21.80.40-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ1%4.2%-8.8%6.9%
Adj EPS ⓘ0.1%10.2%0.6%39.4%
BVPSⓘ6.7%7.1%7.2%7.6%
Share Price 7.2% 16.5% 10.8% 3.7%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		14.57.96.57.76.85.99.69.467.96.4
Op. Profit
Mgn % ⓘ		19.914.216.114.413.510.912.113.811.710.39.4
Net Profit
Mgn % ⓘ		8.35.96.75.95.74.15.76.85.87.67.3
Debt to
Equity ⓘ		10.50.60.80.60.70.40.30.10-
Working Cap
Days ⓘ		289238299281306250198212237163109
Cash Conv.
Cycle ⓘ		21117123822325421416417119312692

Valuation of Banna Amman Sugars - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,7521,4811,1251,6091,5631,9982,5262,2201,7931,917
Operating Expenses ⓘ + 1,4041,2719431,3781,3521,7832,2211,9141,5831,719
Manufacturing Costs135145169171138182278227214212
Material Costs1,1319896441,0611,0721,4401,7291,4931,1671,305
Employee Cost 9595102112112117144149148151
Other Costs ⓘ 44412833304571455350
Operating Profit ⓘ 348210182231211215304306210198
Operating Profit Margin (%) 19.8%14.2%16.1%14.4%13.5%10.8%12.0%13.8%11.7%10.3%
Other Income ⓘ + 6684963972643
Exceptional Items ⓘ 0000000000
Interest ⓘ 9734304439324932162
Depreciation ⓘ 69706765666874585961
Profit Before Tax ⓘ 18711293126115122220224162177
Tax ⓘ 42251730224277725830
Profit After Tax 1458776969280143152105148
PAT Margin (%) 8.3%5.9%6.8%5.9%5.9%4.0%5.7%6.9%5.8%7.7%
Adjusted EPS (₹)115.869.660.676.373.563.8114.4121.583.5118.0
Dividend Payout Ratio (%)10.80%14.40%16.50%13.10%13.60%15.70%10.90%10.30%15%10.60%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,0671,1361,1961,2751,3561,4231,5521,6881,7791,913
Share Capital ⓘ 13131313131313131313
Reserves ⓘ 1,0551,1231,1831,2621,3441,4111,5391,6761,7661,901
Debt +9044417379718449184893961153
Long Term Debt4442662462491691241576793
Short Term Debt4601754917236757953323291060
Minority Interest0000000000
Trade Payables857916762608781798733
Others Liabilities ⓘ 346130102127131140278312270242
Total Liabilities ⓘ 2,4021,7862,2022,4342,3902,5692,4002,4752,2512,193

Fixed Assets

Net Fixed Assets ⓘ +1,1031,0831,0271,0059541,0491,0781,0711,1891,145
Gross Block1,3381,3861,3861,4291,4431,6041,7071,7561,9311,941
Accumulated Depreciation235304359424490555628685742797
CWIP ⓘ 3442490145612211211106
Investments ⓘ 211111234263
Inventories9395359349609961,0069721,009885506
Trade Receivables116671291891613461411346632
Cash Equivalents 94484367214
Others Assets ⓘ 198928318113110317913993126
Total Assets ⓘ 2,4021,7862,2022,4342,3902,5692,4002,4752,2512,193
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 645588-192-5723633502274430514
PBT ⓘ 18711293126115122220224162177
Adjustment ⓘ 16510192108102106123935225
Changes in Working Capital ⓘ 335396-360-27336-1712031244349
Tax Paid ⓘ -42-21-17-19-17-23-44-44-29-37
Cash Flow From Investing Activity ⓘ + -52-16-27-106-61-75-57-130-65-341
Capex -53-19-31-107-63-78-64-140-75-109
Net Investments 0-00000000-247
Others ⓘ 1331228101015
Cash Flow From Financing Activity ⓘ + -604-579219167-17942-443-144-369-161
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 0000-77-3184-92-114-35
Interest Paid ⓘ -97-33-27-44-42-34-51-33-18-4
Dividend Paid ⓘ -10-19-15-15-13-13-13-16-16-16
Others ⓘ -496-527262226-48120-463-4-223-106
Net Cash Flow ⓘ -11-604-5-031-512
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)14.537.926.517.7475.769.649.46.048.01
ROCE (%)12.427.86.798.056.846.6611.9411.878.689.33
Asset Turnover Ratio0.70.710.560.690.650.811.020.910.760.86
PAT to CFO Conversion(x)4.456.76-2.53-0.592.570.413.511.84.13.47
Working Capital Days
Receivable Days24.8022.4031.9036.1040.9046.3035.2022.6020.409.40
Inventory Days220.80179.80238.30214.80228.40182.80142.90162.80192.80132.50
Payable Days35.1030.3069.9039.4020.7018.6017.7019.602616.90

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Bannari Amman Sugars Ltd FAQs

The current trading price of Banna Amman Sugars on 04-Sep-2026 16:59 is ₹3,798.9.

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 03-Sep-2026 the market cap of Banna Amman Sugars stood at ₹4,763.7 Cr

The latest P/E ratio of Banna Amman Sugars as of 03-Sep-2026 is 39.13.

The latest P/B ratio of Banna Amman Sugars as of 03-Sep-2026 is 2.50.

The 52-week high of Banna Amman Sugars is ₹4,345 and the 52-week low is ₹2,915.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Banna Amman Sugars is ₹1,671 ( Cr.) .

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

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

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

About Bannari Amman Sugars Ltd

Bannari Amman Sugars incorporated in 1983, is engaged in the manufacturing of sugar, generation of power through co-generation, production of industrial alcohol and granite products. The company is a part of conglomerate Bannari Amman Group.

Business area of the company

The company is engaged in manufacturing crystal sugar, generating power, manufacturing alcohol and producing granite products. The company has five sugar factories and two distillery units. Besides the company has Agrinatural fertilizer and Granite processing units. Also, the company has Seven Wind Mills.

Business segments

  • Sugar
  • Power
  • Alcohol

History

  • 1983: Incorporation on December 1, 1983.
  • 1985: Goes public with the promise of increasing shareholder value.
  • 1985: The issue was oversubscribed by several times.
  • 1986: Installed a Sugar Factory (Unit–I) at Sathyamangalam, Tamil Nadu with a crushing capacity of 1250 TCD.
  • 1986: Created a record with a continuous cane crush for 507 days from the date of maiden cane crush.
  • 1990: The company has established a 100% EOU of Granite Processing Unit adjacent to Unit- I.
  • 1992: Installed another Sugar Factory (Unit-II) at Nanjangud, Karnataka with a Crushing capacity of 2500 TCD.
  • 1995: Took over a Distillery Unit situated at Sinnapuliyur Tamilnadu.
  • 1997: Established a Bio-Compost Unit (Organic Manure) in Tamil Nadu.
  • 1997: Expanded crushing capacity of Unit - I from 1250 TCD to 2500 TCD.
  • 2000: Expanded crushing capacity of Unit- II from 2500 TCD to 5000 TCD.
  • 2000: Established a 16MW Cogeneration Plant in Unit - II.
  • 2002: Expanded crushing capacity of Unit - I from 2500 TCD to 4000 TCD.
  • 2002: Established 20MW Co-generation Plant in Unit - I.
  • 2003: Established a Distillery in Unit - II with a capacity of 60 Kilo Liters of spirit per day.
  • 2003: Established a (Organic Manure) Bio-Compost Yard in Unit - II.
  • 2004: Expanded crushing capacity of Unit - II from 5000 TCD to 7500 TCD.
  • 2004: Additional 20 MW Co-gen Plant was established in Unit - II.
  • 2005: Installed 7 Wind Turbine Generators with aggregate capacity of 8.75MW in Tamil Nadu.
  • 2007: Acquired a sugar factory - Unit- III at Kollegal having capacity of 2500 TCD.
  • 2010: Established a sugar factory (Unit-IV) at Thiruvannamalai with a capacity of 5000 TCD.
  • 2010: Established a Cogeneration Plant with a capacity of 28.8MW power in Unit - IV.
  • 2014: Expanded crushing capacity of Unit - III from 2500 TCD to 3600 TCD.
  • 2014: Established 20MW Cogeneration Plant in Unit - III.
  • 2016: Took over a sugar factory (Unit-V) at Thirukovilur with a capacity of 3600 TCD and a Co-generation Plant of 25MW.
  • 2019: Installed 5 kW solar panel in the new bio-lab.
  • 2022: New Variable Frequency Drive (VFD) panels were installed in the sugar and co-generation plant in sugar unit at Kolundampattu Village (Unit-IV).
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