Is Bannari Amman Sugars Ltd (BANARISUG) a good quality company?

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

Is Bannari Amman Sugars Ltd (BANARISUG) undervalued or overvalued?

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 .

What is Bannari Amman Sugars Ltd (BANARISUG) share price return in the past 10 years?

Bannari Amman Sugars Ltd share price has appreciated 7.5% annually (CAGR) over the past ten years.

Is Bannari Amman Sugars Ltd (BANARISUG) a good buy now?

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.

What is the share price of Bannari Amman Sugars Ltd (BANARISUG)?

Company share prices are keep on changing according to the market conditions. The current trading price of Bannari Amman Sugars Ltd (BANARISUG) on 17-Apr-2026 16:59:59 at 16:59 is 3597.45.

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

The latest standalone P/E ratio of Bannari Amman Sugars as of 17-Apr-2026 is 31.88.

What is the P/B ratio of Bannari Amman Sugars Ltd (BANARISUG)?

The latest standalone P/B ratio of Bannari Amman Sugars Ltd (BANARISUG) as of 17-Apr-2026 is 2.41.

What is the 52-week high and low of Bannari Amman Sugars Ltd (BANARISUG)?

The 52-week high of Bannari Amman Sugars Ltd (BANARISUG) is Rs. 4674.95 and the 52-week low is Rs. 2915.00.

Bannari Amman Sugars Ltd (BANARISUG) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Bannari Amman Sugars Ltd (BANARISUG)
Brand: Bannari Amman Sugars

Bannari Amman Sugars Ltd (BANARISUG) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 500041 NSE: BANARISUG | Sugar | Small Cap

Key Metrics

Market Cap

₹4,511 Cr.

P/E Ratio

31.88

Price to Book (P/B)

2.41

Price to Sales (P/S)

2.12

EV/EBITDA

15.88

Return on Capital Employed (ROCE)

8.68%

Current Price

₹3,597.5

Return on Equity (ROE)

6.04%

Return on Assets (ROA)

4.43%

Operating Profit Margin

11.7%

Net Profit Margin

5.84%

Gross Profit Margin

12.3%

Book Value per Share

₹1,491.3

Sales Growth (YoY)

-19.25%

Sales Growth (3 Years)

-3.55%

Operating Profit Growth (1 Year)

-31.37%

Operating Profit Growth (3 Years)

-0.81%

Net Profit Growth (1 Year)

-31.27%

52-Week Low / High

₹2,915 / 4,675

Net Profit Growth (3 Years)

9.38%

Dividend Yield

0.33%

Promoter Holding

58.70%

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

0.00%

Check Before You Invest

Q.1 Revenue growth of Bannari Amman Sugars Ltd?

Bannari Amman Sugars Ltd revenue growth is -19.3% for FY-2025 , which is below its 5 year CAGR of 2.2% , indicating slower growth.

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 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 2.84% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does Bannari Amman Sugars Ltd belong to?

Bannari Amman Sugars Ltd belongs to the Agriculture & Allied activities sector, operating specifically within the Sugar segment.

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 7.7% based on the current price.

DeciZen - make an informed investing decision on Banna Amman Sugars

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation

3. Price Trend

Bannari Amman Sugars stock performance

Key Ratios

Is Bannari Amman Sugars Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
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 ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,456	1,752	1,481	1,125	1,609	1,563	1,998	2,526	2,220	1,793	2,128
Sales YoY Gr.	-	20.4%	-15.5%	-24%	43.1%	-2.9%	27.9%	26.4%	-12.1%	-19.3%	-
Adj EPS ⓘ	27.6	115.7	69.8	60.1	76.3	71.6	65	114.1	120.8	83.4	112.8
YoY Gr.	-	319.6%	-39.7%	-13.9%	27%	-6.1%	-9.2%	75.4%	5.9%	-31%	-
BVPS (₹) ⓘ	813.6	851	905.6	953.7	1,016.7	1,081.4	1,135.1	1,237.6	1,346.5	1,418.6	1,491.3
Adj Net Profit ⓘ	31.5	145	87.5	75.3	95.6	89.8	81.6	143	152	105	142
Cash Flow from Ops. ⓘ	178	645	588	-192	-57.2	236	32.5	502	274	430	-
Debt/CF from Ops. ⓘ	8.6	1.6	0.9	-4	-17.4	3.7	29.5	1.2	1.8	0.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	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%
BVPSⓘ	6.4%	6.9%	7.7%	5.4%
Share Price	7.5%	17.5%	8.7%	-2.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	3.4	14.5	7.9	6.5	7.7	6.8	5.9	9.6	9.4	6	7.8
Op. Profit Mgn % ⓘ	14	19.9	14.2	16.1	14.4	13.5	10.9	12.1	13.8	11.7	11.6
Net Profit Mgn % ⓘ	2.2	8.3	5.9	6.7	5.9	5.7	4.1	5.7	6.8	5.8	6.7
Debt to Equity ⓘ	1.7	1	0.5	0.6	0.8	0.6	0.7	0.4	0.3	0.1	-
Working Cap Days ⓘ	379	289	238	299	281	306	250	198	212	237	84
Cash Conv. Cycle ⓘ	296	211	171	238	223	254	214	164	171	193	62

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	112.8	-
TTM Sales (₹ Cr.)	2,128	-
BVPS (₹) ⓘ	1,491.3	-
Reserves (₹ Cr.) ⓘ	1,858	-
P/BV ⓘ	2.41	-
PE ⓘ	31.88	-

From the Market
52 Week Low / High (₹)	2915.00 / 4674.95
All Time Low / High (₹)	32.75 / 4674.95
Market Cap (₹ Cr.)	4,511
Equity (₹ Cr.)	12.5
Face Value (₹)	10
Industry PE ⓘ	20.7

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Banna Amman Sugars - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,456	1,752	1,481	1,125	1,609	1,563	1,998	2,526	2,220	1,793
Operating Expenses ⓘ +	1,251	1,404	1,271	943	1,378	1,352	1,783	2,221	1,914	1,583
Manufacturing Costs	137	135	145	169	171	138	182	278	227	214
Material Costs	979	1,131	989	644	1,061	1,072	1,440	1,729	1,493	1,167
Employee Cost	79	95	95	102	112	112	117	144	149	148
Other Costs ⓘ	57	44	41	28	33	30	45	71	45	53
Operating Profit ⓘ	204	348	210	182	231	211	215	304	306	210
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 ⓘ +	3	6	6	8	4	9	6	39	7	26
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	116	97	34	30	44	39	32	49	32	16
Depreciation ⓘ	62	69	70	67	65	66	68	74	58	59
Profit Before Tax ⓘ	30	187	112	93	126	115	122	220	224	162
Tax ⓘ	-2	42	25	17	30	22	42	77	72	58
Profit After Tax	32	145	87	76	96	92	80	143	152	105
PAT Margin (%)	2.2%	8.3%	5.9%	6.8%	5.9%	5.9%	4.0%	5.7%	6.9%	5.8%
Adjusted EPS (₹)	27.7	115.8	69.6	60.6	76.3	73.5	63.8	114.4	121.5	83.5
Dividend Payout Ratio (%)	27%	11%	14%	17%	13%	14%	16%	11%	10%	15%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	931	1,067	1,136	1,196	1,275	1,356	1,423	1,552	1,688	1,779
Share Capital ⓘ	11	13	13	13	13	13	13	13	13	13
Reserves ⓘ	919	1,055	1,123	1,183	1,262	1,344	1,411	1,539	1,676	1,766
Debt +	1,390	904	441	737	971	844	918	489	396	115
Long Term Debt	672	444	266	246	249	169	124	157	67	9
Short Term Debt	718	460	175	491	723	675	795	332	329	106
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	132	85	79	167	62	60	87	81	79	87
Others Liabilities ⓘ	369	346	130	102	127	131	140	278	312	270
Total Liabilities ⓘ	2,821	2,402	1,786	2,202	2,434	2,390	2,569	2,400	2,475	2,251
Fixed Assets
Net Fixed Assets ⓘ +	1,138	1,103	1,083	1,027	1,005	954	1,049	1,078	1,071	1,189
Gross Block	1,305	1,338	1,386	1,386	1,429	1,443	1,604	1,707	1,756	1,931
Accumulated Depreciation	167	235	304	359	424	490	555	628	685	742
CWIP ⓘ	15	34	4	24	90	145	61	22	112	11
Investments ⓘ	1	2	1	1	1	1	1	2	3	4
Inventories	1,277	939	535	934	960	996	1,006	972	1,009	885
Trade Receivables	133	116	67	129	189	161	346	141	134	66
Cash Equivalents	20	9	4	4	8	4	3	6	7	2
Others Assets ⓘ	237	198	92	83	181	131	103	179	139	93
Total Assets ⓘ	2,821	2,402	1,786	2,202	2,434	2,390	2,569	2,400	2,475	2,251

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	178	645	588	-192	-57	236	33	502	274	430
PBT ⓘ	30	187	112	93	126	115	122	220	224	162
Adjustment ⓘ	176	165	101	92	108	102	106	123	93	52
Changes in Working Capital ⓘ	-31	335	396	-360	-273	36	-171	203	1	244
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	-0	0	-0	0	0	0	0	0	0	0
Others ⓘ	1	1	3	3	1	2	2	8	10	10
Cash Flow From Financing Activity ⓘ +	107	-604	-579	219	167	-179	42	-443	-144	-369
Net Proceeds from Shares ⓘ	1	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	-77	-31	84	-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	-527	262	226	-48	120	-463	-4	-223
Net Cash Flow ⓘ	10	-11	-6	0	4	-5	-0	3	1	-5

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	3.37	14.53	7.92	6.51	7.74	7	5.76	9.64	9.4	6.04
ROCE (%)	6.28	12.42	7.8	6.79	8.05	6.84	6.66	11.94	11.87	8.68
Asset Turnover Ratio	0.57	0.7	0.71	0.56	0.69	0.65	0.81	1.02	0.91	0.76
PAT to CFO Conversion(x)	5.56	4.45	6.76	-2.53	-0.59	2.57	0.41	3.51	1.8	4.1
Working Capital Days
Receivable Days	21	25	22	32	36	41	46	35	23	20
Inventory Days	304	221	180	238	215	228	183	143	163	193
Payable Days	36	35	30	70	39	21	19	18	20	26

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Bannari Amman Sugars Ltd FAQs

The current trading price of Banna Amman Sugars on 17-Apr-2026 16:59 is ₹3,597.5.

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 16-Apr-2026 the market cap of Banna Amman Sugars stood at ₹4,511.1 Cr

The latest P/E ratio of Banna Amman Sugars as of 16-Apr-2026 is 31.88.

The latest P/B ratio of Banna Amman Sugars as of 16-Apr-2026 is 2.41.

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 ₹2,128 ( Cr.) .

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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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Bannari Amman Sugars Ltd (BANARISUG) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Banna Amman Sugars Share Price