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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

₹3,616.05 0.00 (0.00%)

As on 02-Jun'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

₹3,616.05 0.00 (0.00%)

As on 02-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹4,514 Cr.
Current Price
₹3,616.1
52-Week Low / High
₹2,915 / 4,675
TTM EPS
₹118
TTM Sales
₹1,917 Cr.
Book Value per Share
₹1,525.9
P/E Ratio
30.52
Lower than its 5-year historical median
Industry PE
24.5
Price to Book (P/B)
2.36
In line with its 5-year historical median
Price to Sales (P/S)
2.36
Higher than its 5-year historical median
EV/EBITDA
18.74
Higher than its 5-year historical median
Dividend Yield
0.33%
Profitability Efficiency
Return on Equity (ROE)
6.04%
Underperforms industry median
Return on Capital Employed (ROCE)
8.68%
In line with industry median
Return on Assets (ROA)
4.43%
Operating Profit Margin
11.7%
Net Profit Margin
5.84%
Gross Profit Margin
12.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-19.25%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-31.37%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-31.27%
Asset Quality
Promoter Holding
58.70%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,901 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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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Semi Strong
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.

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.

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 2.19%, compared to the industry median CAGR of 2.83%, indicating slower growth and losing 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 7.5% based on the current price.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 6.3%12.4%7.8%6.8%8.1%6.8%6.7%11.9%11.9%8.7%-
Value Creation
Index
-0.6-0.1-0.4-0.5-0.4-0.5-0.5-0.2-0.2-0.4-

Growth Parameters

Sales 1,4561,7521,4811,1251,6091,5631,9982,5262,2201,7931,917
Sales YoY Gr.-20.4%-15.5%-24%43.1%-2.9%27.9%26.4%-12.1%-19.3%-
Adj EPS 27.6115.769.860.176.371.665114.1120.883.4118
YoY Gr.-319.6%-39.7%-13.9%27%-6.1%-9.2%75.4%5.9%-31%-
BVPS (₹) 813.6851905.6953.71,016.71,081.41,135.11,237.61,346.51,418.61,525.9
Adj Net
Profit
31.514587.575.395.689.881.6143152105148
Cash Flow from Ops. 178645588-192-57.223632.5502274430-
Debt/CF from Ops. 8.61.60.9-4-17.43.729.51.21.80.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.3%2.2%-3.6%-19.3%
Adj EPS 13.1%1.8%8.6%-31%
BVPS6.4%6.9%7.7%5.4%
Share Price 7.2% 15.4% 8% -8.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
3.414.57.96.57.76.85.99.69.468
Op. Profit
Mgn %
1419.914.216.114.413.510.912.113.811.710.3
Net Profit
Mgn %
2.28.35.96.75.95.74.15.76.85.87.7
Debt to
Equity
1.710.50.60.80.60.70.40.30.10
Working Cap
Days
379289238299281306250198212237109
Cash Conv.
Cycle
29621117123822325421416417119392

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,4561,7521,4811,1251,6091,5631,9982,5262,2201,793
Operating Expenses + 1,2511,4041,2719431,3781,3521,7832,2211,9141,583
Manufacturing Costs137135145169171138182278227214
Material Costs9791,1319896441,0611,0721,4401,7291,4931,167
Employee Cost 799595102112112117144149148
Other Costs 57444128333045714553
Operating Profit 204348210182231211215304306210
Operating Profit Margin (%) 14.0%19.8%14.2%16.1%14.4%13.5%10.8%12.0%13.8%11.7%
Other Income + 366849639726
Exceptional Items 0000000000
Interest 116973430443932493216
Depreciation 62697067656668745859
Profit Before Tax 3018711293126115122220224162
Tax -2422517302242777258
Profit After Tax 321458776969280143152105
PAT Margin (%) 2.2%8.3%5.9%6.8%5.9%5.9%4.0%5.7%6.9%5.8%
Adjusted EPS (₹)27.7115.869.660.676.373.563.8114.4121.583.5
Dividend Payout Ratio (%)27.10%10.80%14.40%16.50%13.10%13.60%15.70%10.90%10.30%15%

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 9311,0671,1361,1961,2751,3561,4231,5521,6881,779
Share Capital 11131313131313131313
Reserves 9191,0551,1231,1831,2621,3441,4111,5391,6761,766
Debt +1,390904441737971844918489396115
Long Term Debt672444266246249169124157679
Short Term Debt718460175491723675795332329106
Minority Interest0000000000
Trade Payables1328579167626087817987
Others Liabilities 369346130102127131140278312270
Total Liabilities 2,8212,4021,7862,2022,4342,3902,5692,4002,4752,251

Fixed Assets

Net Fixed Assets +1,1381,1031,0831,0271,0059541,0491,0781,0711,189
Gross Block1,3051,3381,3861,3861,4291,4431,6041,7071,7561,931
Accumulated Depreciation167235304359424490555628685742
CWIP 153442490145612211211
Investments 1211111234
Inventories1,2779395359349609961,0069721,009885
Trade Receivables1331166712918916134614113466
Cash Equivalents 20944843672
Others Assets 237198928318113110317913993
Total Assets 2,8212,4021,7862,2022,4342,3902,5692,4002,4752,251

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 178645588-192-5723633502274430
PBT 3018711293126115122220224162
Adjustment 176165101921081021061239352
Changes in Working Capital -31335396-360-27336-1712031244
Tax Paid 3-42-21-17-19-17-23-44-44-29
Cash Flow From Investing Activity + -275-52-16-27-106-61-75-57-130-65
Capex -276-53-19-31-107-63-78-64-140-75
Net Investments -00-00000000
Others 113312281010
Cash Flow From Financing Activity + 107-604-579219167-17942-443-144-369
Net Proceeds from Shares 1000000000
Net Proceeds from Borrowing 00000-77-3184-92-114
Interest Paid -116-97-33-27-44-42-34-51-33-18
Dividend Paid -3-10-19-15-15-13-13-13-16-16
Others 225-496-527262226-48120-463-4-223
Net Cash Flow 10-11-604-5-031-5

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.3714.537.926.517.7475.769.649.46.04
ROCE (%)6.2812.427.86.798.056.846.6611.9411.878.68
Asset Turnover Ratio0.570.70.710.560.690.650.811.020.910.76
PAT to CFO Conversion(x)5.564.456.76-2.53-0.592.570.413.511.84.1
Working Capital Days
Receivable Days21.1024.8022.4031.9036.1040.9046.3035.2022.6020.40
Inventory Days303.90220.80179.80238.30214.80228.40182.80142.90162.80192.80
Payable Days36.2035.1030.3069.9039.4020.7018.6017.7019.6026

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Bannari Amman Sugars Ltd FAQs

The current trading price of Banna Amman Sugars on 02-Jun-2026 16:59 is ₹3,616.1.

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 01-Jun-2026 the market cap of Banna Amman Sugars stood at ₹4,514.3 Cr

The latest P/E ratio of Banna Amman Sugars as of 01-Jun-2026 is 30.52.

The latest P/B ratio of Banna Amman Sugars as of 01-Jun-2026 is 2.36.

The 52-week high of Banna Amman Sugars is ₹4,675 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 ₹1,917 ( 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 Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Bannari Amman Sugars Ltd is likely to Rise-somewhat 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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