Bannari Amman Sugars Ltd Stock Analysis

BSE: 500041 | NSE: BANARISUG | Sugar | Small Cap

BSE Share Price Aug 19, 18:03
2763.80 -43.80 (-1.56%)

DeciZen - Make an Informed Decision on Banna Amman Sugars

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Banna Amman Sugars Price Chart

P/E Ratio (SA) :
34.98
Market Cap :
3,520.7 Cr.
52-wk low :
1,710
52-wk high :
3,049.1
Bole Toh?

1. Is Bannari Amman Sugars Ltd 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.

2. Is Bannari Amman Sugars Ltd 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 Fair zone.

3. Is Bannari Amman Sugars Ltd 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.

10 Year X-Ray of Banna Amman Sugars:

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

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 13.2%4.4%3.1%4.9%9.3%5.9%5.3%6%5.2%4.5%-
Value Creation Index -0.1-0.7-0.8-0.7-0.3-0.6-0.6-0.6-0.6NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,3376519301,4561,7521,4811,1251,6091,5631,9982,049
YoY Gr. Rt. %--51.3%42.8%56.5%20.4%-15.5%-24%43.1%-2.9%27.9%-
Adj EPS 129.127.8-0.227.6115.769.860.176.371.665.280.3
YoY Gr. Rt. %--78.5%-100.9%NA319.6%-39.7%-13.9%27%-6.1%-8.9%-
BVPS (₹) 823.4833.9832.1813.6851905.6953.71,016.71,081.41,135.11,155.6
Adj Net Profit 14831.8-0.331.514587.575.395.689.881.8101
Cash Flow from Ops. 158-25520178645588-192-57.223632.2-
Debt/CF from Ops. 2.9-4.161.28.61.60.9-4-17.43.729.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.6%2.7%21.1%27.9%
Adj EPS -7.3%-10.8%2.8%-8.9%
BVPS 3.65.965
Share Price 11.9% 7.7% 30.2% 49.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 16.83.4-03.414.57.96.57.76.85.97
Op. Profit Mgn % 21.322.713.81419.914.216.114.413.510.910.9
Net Profit Mgn % 114.9-02.28.35.96.75.95.74.14.9
Debt to Equity 0.51.11.31.710.50.60.80.60.7-
Working Cap Days 2486595463792892382992813062500
Cash Conv. Cycle 1765354472962111712382232542140

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.00%

Sales growth is growing at healthy rate in last 3 years 21.10%

Debt to equity has declined versus last 3 years average to 0.67

Sales growth is good in last 4 quarters at 26.21%

Net Profit has been subdued in last 3 years 2.78%

Latest Financials - Bannari Amman Sugars Ltd.

Standalone Consolidated
TTM EPS (₹) 80.3 -
TTM Sales (₹ Cr.) 2,049 -
BVPS (₹.) 1,155.6 -
Reserves (₹ Cr.) 1,437 -
P/BV 2.43 -
PE 34.98 -
From the Market
52 Week Low / High (₹) 1709.95 / 3049.05
All Time Low / High (₹) 32.75 / 3049.05
Market Cap (₹ Cr.) 3,521
Equity (₹ Cr.) 12.5
Face Value (₹) 10
Industry PE 17.1

Management X-Ray of Banna Amman Sugars :

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 (%)

Event Update

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Analyst's Notes

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Key Ratios of Banna Amman Sugars

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Bannari Amman Sugars Ltd

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.

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