X

Bannari Amman Sugars Ltd. Stock Analysis

Small Cap
Evaluated by 310 users | BSE: 500041 | NSE: BANARISUG |
Sugar
Bannari Amman Sugars incorporated in 1983, is engaged in the manufacturing of sugar, alcohol, liquor, granite, biocompost, biodiesel and power. Company is a part of conglomerate Bannari Amman Group. Company started production of sugar with an initial capacity of 1250 tonnes of cane...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 6.28%11%13.23%4.41%3.1%4.86%9.32%5.93%5.32%5.98%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 8271,1821,3376519301,4561,7521,4811,1251,609
Y-o-Y Gr. Rt.-43%13.1%-51.3%42.8%56.5%20.4%-15.5%-24%43.1%
Adjusted EPS (Rs.) 44.8491.86129.127.76-0.2427.57115.6869.7660.0676.26
Y-o-Y Gr. Rt.-104.9%40.5%-78.5%-100.9%NA319.6%-39.7%-13.9%27%
Book Value per Share (Rs.) 633.04712.43823.44833.94832.09813.63850.96905.58953.681,016.72
Adjusted Net Profit 51.310514831.8-0.331.514587.575.395.6
Net Op. Cash Flow (Rs. Cr.) -168171158-25520178645588-192-57.2
Debt to Cash Flow from Ops -3.112.92.89-4.1261.178.621.610.86-4.01-17.4
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Bannari Amman Sugars Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.7%11.6%-2.8%43.1%
Adjusted EPS 6.1%NA-13%27%
Book Value per Share 5.44.16.16.6
Share Price 9.2% 4.7% -17.5% 13.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 7.2813.6616.813.35-0.033.3514.517.946.467.74
Operating Profit Margin (%) 17.619.1821.3122.7113.7814.0419.8514.2216.1414.38
Net Profit Margin (%) 6.28.8911.044.88-0.032.178.285.916.695.94
Debt to Equity 0.720.610.491.11.281.650.970.450.640.78
Working Capital Days 269244248659546379289238299281
Cash Conversion Cycle 161171176535447296211171238223
Entity Percentage Holding
Promoters 58.70%
Institutions 0.25%
Non-Institutions 41.05%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Bannari Amman Sugars Ltd.'s performance infers:

Bannari Amman Sugars Ltd. earnings have grown by 0%, whereas share price has appreciated 4.7% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Bannari Amman Sugars Ltd. share prices over the last 10 years. Here is what we found out:

Bannari Amman Sugars Ltd. share price has appreciated 4.1% annually over the past ten years.

Bannari Amman Sugars incorporated in 1983, is engaged in the manufacturing of sugar, alcohol, liquor, granite, biocompost, biodiesel and power. Company is a part of conglomerate Bannari Amman Group.

Company started production of sugar with an initial capacity of 1250 tonnes of cane crush/day (TCD) which has increased to 14,000 TCD. The Total Cane Crush in the three units was 33.10 lakh tonnes in the year 2007-08.

Business units

Sugar- Company operates two units

Bannari Amman Sugars incorporated in 1983, is engaged in the manufacturing of sugar, alcohol, liquor, granite, biocompost, biodiesel and power. Company is a part of conglomerate Bannari Amman Group.

Company started production of sugar with an initial capacity of 1250 tonnes of cane crush/day (TCD) which has increased to 14,000 TCD. The Total Cane Crush in the three units was 33.10 lakh tonnes in the year 2007-08.

Business units

Sugar- Company operates two units each located in Tamil Nadu and Karnataka. These plants have received ISO 9001:2000 certification for its quality management. The company markets sugar in consumer packs of 1 kg in select cities of Tamil Nadu.

Granite-This is a 100% Export Oriented Unit, established in the year 1991 for manufacture of polished granite slabs, tiles and monuments. The company has clients base in countries like USA, Germany, Belgium, Italy, Australia, Middle East and the Far East.

Distillery- Company’s this unit produces over 60,000 litres of industrial alcohol per day and extra neutral spirit per day from sugarcane molasses.

Bio-Compost Fertilizer- Bio-compost is prepared in Sugar Unit –I and II of Bannari Amman Sugars Limited, by mixing the nutrient rich Pressmud from sugar mills with Nitrogen, Phosphorous and Potassium rich Spent wash obtained from Distilleries. In this process, decomposing beneficial bacteria and aero booster are engaged for proper and better decomposition of the above mixture. 

Co-Generation- Company operates two co-generation plants at the sugar unit II with turbo alternators of capacities 16 and 20 MW export the surplus power to the Karnataka State Electricity Board's Grid. The co-generation plant for generating 20 MW power at the sugar unit-1 exports the surplus power to the Tamilnadu State Electricity Board.

Bio-diesel- Bannari Amman Sugars bio diesel plant at Sathyamangalam, Tamilnadu, has commenced production of 3000 litres of bio diesel per day, from multi feed stock viz Jatropha, Pungan seeds etc.

Future plans

Bannari Amman Sugars plans to develop new products in order to increase its product portfolio and presence.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback