Bannari Amman Spinning Mills Ltd - Stock Valuation and Financial Performance

BSE: 532674 | NSE: BASML | Textile - Spinning | Small Cap

Bannari Amman Spg Share Price

43.51 -0.40 -0.91%
as on 14-Jun'24 16:01

DeciZen - make an informed investing decision on Bannari Amman Spg

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Bannari Amman Spinning Mills stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
283.4 Cr.
52-wk low:
37.1
52-wk high:
59.9

Is Bannari Amman Spinning Mills Ltd an attractive stock to invest in?

1. Is Bannari Amman Spinning Mills Ltd a good quality company?

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

2. Is Bannari Amman Spinning Mills Ltd undervalued or overvalued?

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

3. Is Bannari Amman Spinning Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Bannari Amman Spinning Mills 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 Bannari Amman Spg:

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 Spinning Mills 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.1%5.4%6.1%5.2%5.2%6.1%3.6%3.2%9.5%-0.3%-
Value Creation
Index
-0.4-0.6-0.6-0.6-0.6-0.6-0.7-0.8-0.3-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7006807718688921,0009258601,2851,095924
Sales YoY Gr.--2.8%13.3%12.6%2.7%12.1%-7.5%-7.1%49.5%-14.8%-
Adj EPS 6.52.43.82.11.33-2.2-2.67.2-5.6-3.2
YoY Gr.--62.8%56.6%-43.8%-40.9%136.5%-174.8%NANA-176.8%-
BVPS (₹) 49.45255.259.26063.362.860.768.462.558.6
Adj Net
Profit
31.811.818.510.46.214.6-10.9-12.546.9-36-21
Cash Flow from Ops. 4.211357.625.711.757.312316647.3-42.9-
Debt/CF from Ops. 107.43.98.321.754.911.7539.1-13.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.1%4.2%5.8%-14.8%
Adj EPS -198.2%-234.5%NA-176.8%
BVPS2.7%0.8%-0.1%-8.6%
Share Price -0.5% -2.9% -3.5% -9.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.94.87.13.72.14.8-3.5-4.112.7-8.5-5.3
Op. Profit
Mgn %
16.911.711.99.99.710.38.2811.42.12.8
Net Profit
Mgn %
4.61.72.41.20.71.5-1.2-1.53.7-3.3-2.2
Debt to
Equity
1.91.81.81.92.22.221.711.40.6
Working Cap
Days
13517016214715817319017711716678
Cash Conv.
Cycle
101128121111108114124103711136

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 5.79%

Debt to equity has increased versus last 3 years average to 1.39

Sales growth is not so good in last 4 quarters at -10.40%

Latest Financials - Bannari Amman Spinning Mills Ltd.

Standalone Consolidated
TTM EPS (₹) -3.2 -3.4
TTM Sales (₹ Cr.) 924 924
BVPS (₹.) 58.6 61.6
Reserves (₹ Cr.) 347 367
P/BV 0.75 0.71
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 37.09 / 59.87
All Time Low / High (₹) 8.03 / 131.16
Market Cap (₹ Cr.) 283
Equity (₹ Cr.) 32.4
Face Value (₹) 5
Industry PE 29.2

Management X-Ray of Bannari Amman Spg:

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

Key Ratios of Bannari Amman Spg

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales7006807718688921,0009258601,2851,095
Operating Expenses 5826016797838058978507931,1391,073
Manufacturing Costs716879577893797910796
Material Costs451468519631608677650595869843
Employee Cost 323445548291887911096
Other Costs 28313541363633405437
Operating Profit 11880928587103756714623
Operating Profit Margin (%) 16.8%11.7%11.9%9.8%9.7%10.3%8.1%7.8%11.4%2.1%
Other Income 11126918644
Interest 38363644576265574648
Depreciation 35272930283028282829
Exceptional Items 0100000000
Profit Before Tax 461928148190-1276-50
Tax 14693000-227-16
Profit After Tax 321319117190-1149-35
PAT Margin (%) 4.5%1.9%2.4%1.3%0.8%1.9%0.0%-1.2%3.8%-3.2%
Adjusted EPS (₹)6.52.63.82.31.54.00.0-2.27.5-5.4
Dividend Payout Ratio (%)10%18%14%25%34%13%0%0%8%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 243254270289293309307297444405
Share Capital 16161616161616163232
Reserves 227239254273277293291281411373
Minority Interest0000000000
Debt382379414506608617563448422542
Long Term Debt204206177191255215183158225275
Short Term Debt178173237315352402380291197267
Trade Payables39598537100891139584102
Others Liabilities 147150163113861051101038980
Total Liabilities 8108429319461,0871,1201,0939431,0391,130

Fixed Assets

Gross Block701727815601653673657647665711
Accumulated Depreciation26128731627558589105132161
Net Fixed Assets440440499574598589569542533550
CWIP 250203110045
Investments 24272725272726262832
Inventories183153196198276255249181214284
Trade Receivables67748885114177164129176183
Cash Equivalents 2114102298289127
Others Assets73859040616257567268
Total Assets 8108429319461,0871,1201,0939431,0391,130

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 41135826125712316647-43
PBT 461928148190-1276-50
Adjustment 74636573848674847777
Changes in Working Capital -10836-29-56-78-445193-93-69
Tax Paid -8-5-6-6-2-4-21-13-1
Cash Flow From Investing Activity -29-75-58-67-45-23160-23-45
Capex -28-73-59-70-47-22133-21-41
Net Investments -1-3035-222-3-4
Others 1110-211-411
Cash Flow From Financing Activity 24-46-35324-38-118-184-2282
Net Proceeds from Shares 00000000990
Net Proceeds from Borrowing -460-291547-22-25-302251
Interest Paid -38-36-35-37-56-63-67-64-48-48
Dividend Paid -4-4-3-3-3-3-300-4
Others 112-564783750-23-90-9482
Net Cash Flow -1-7-412-9-321-182-6
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.945.187.094.012.526.430.06-3.513.16-8.2
ROCE (%)13.087.998.877.327.268.526.845.1314.63-0.31
Asset Turnover Ratio0.930.820.870.930.880.910.840.841.31.01
PAT to CFO Conversion(x)0.138.693.052.361.713N/AN/A0.96N/A
Working Capital Days
Receivable Days29383836415367624360
Inventory Days72908383979799915683
Payable Days00022415157643840

Bannari Amman Spinning Mills Ltd Stock News

Bannari Amman Spinning Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bannari Amman Spg on 14-Jun-2024 16:01 is ₹43.51.
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 14-Jun-2024 16:01 the market cap of Bannari Amman Spg stood at ₹283.4.
The latest P/E ratio of Bannari Amman Spg as of 14-Jun-2024 16:01 is 0.00.
The latest P/B ratio of Bannari Amman Spg as of 14-Jun-2024 16:01 is 0.75.
The 52-week high of Bannari Amman Spg is ₹59.87 and the 52-week low is ₹37.09.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bannari Amman Spg is ₹923.5 ( Cr.) .

About Bannari Amman Spinning Mills Ltd

Bannari Amman Spinning Mills was incorporated as Shiva Textiles (CBT) Limited on July 10, 1989 under the Companies Act, 1956 and changed name to “Bannari Amman Spinning Mills Ltd.“ on October 11, 1991 and commenced its commercial operations in the year 1995

Since inception the company has evolved to be a leader in cotton yarn spinning in South India, Commanding a premium in the market for its products. As on March 31, 2007, it has two factories for yarn spinning housed in around 7.85 lakh square feet in Tamil Nadu with an installed capacity of more than 1,35,000 spindles. The spinning division is in Dindigul, Tamil Nadu. The weaving division located in Coimbatore, Tamil Nadu, has an installation of 135 Sulzer projectile wider width Looms, in a working space of 2.2 lakh sq feet. The Company now also has a technical textile division comprising of coating, flocking and lamination units.

The Weaving Division- It specializes in manufacturing wider-width cotton fabric up to 140 inches in the 500 TC to 1000 TC (thread count) range. It has Sulzer projectile wider -width looms with the capability to weave across a range of fibers and counts in an economic manner. It produces with 2, 4 and 8 pick insertions, with maximum warp density of 110 ends/cm (280ends/inch) with warp counts upto 100s Ne. It had dobby looms also in wider width. Currently 35 looms have been specially modified for ultra fine count weaving. It also has 93 Jumbo looms capable of producing jointless fabric rolls in excess of 3000 metres in length. These looms are used mainly for industrial fabrics.

Lamination Division-Bannari has installation of a Gravure roll based moisture cured Poly Urethane lamination system. This unit can bond different types of fabrics together for advanced applications. PUR technology is used which is the most advanced lamination technology in the world and also is the technology of choice in the Western World. The unit has a capacity to laminate more than 300,000 metres of fabric per month upto a width of 1.9 metres.

The Company has installed four windmills of 1250 kilovolt-ampere (KVA) each totalling five megawatt (MW) in Tirunelveli District, Tamilnadu and 14 windmills of 800 kilowatt (KW) capacity totaling 11.20 MW at Dharapuram Taluk, Erode District, Tamilnadu.

BASML exports cotton yarn to countries like Turkey, Egypt, Korea, Honkong, Singapore and Poland.

Product range:

  • Quick Dry - A bed protector for beds wherever babies and the elderly sleep. ie., waterproof, breathable, absorbent, soft, reusable, anti allergic, durable & more...
  • Allied Products
  • Reusable - Adult and baby diapers, Breathable & waterproofed, with biodegradable single use pads
  • Flock blankets Fluffiest, lightest, softest & warmest, blankets in the world, only manufacturer in SE Asia. Combed & Carded ring spun yarn from 6/s to 40/s count, hosiery yarn

Divisions

  • Spinning Division is capable of producing more than 60 tonnes/day of Combed & Carded ring spun yarn from 6/s to 40/s count. Mainly hosiery yarn for knitting market.
  • Weaving Division - One of the quality Fabric producing facility in India having the capability to produce all kinds of woven fabrics in 100% cotton, in various thread counts (TC) ranging from 500 TC to 1000 TC, in wider width upto 140 inches,with warp counts upto 90s Ne, with 250 threads in 1 inches and weft counts upto 120s Ne, with 2, 4 and 8 pick insertions.
  • Wind Mill Division
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