Bannari Amman Spinning Mills Ltd (BASML) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

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’ on October 11, 1991 and commenced its commercial operations in the year 1995. Bannari Amman Spinning Mills, a distinguished name in the Indian textile industry, has a rich legacy that dates back to 1989. Founded as part of the Bannari Amman Group, one of South India’s most respected and diversified industrial conglomerates, the mill was established with a vision to revolutionize the textile sector by integrating traditional craftsmanship with modern technology.

In its early years, Bannari Amman Spinning Mills started as a small spinning unit, focusing on producing high-quality cotton yarn. Through dedication to quality and customer satisfaction, the mill quickly gained a reputation for excellence, prompting steady growth and expansion. The 2000s marked a period of rapid development, with the company diversifying its operations to include weaving, knitting, Fabric Processing and garment production. This vertical integration allowed the company to control the entire production process, ensuring the highest standards of quality at every stage. In 2006, Bannari Amman Spinning Mills went public, further solidifying its position as a major player in the textile industry. Throughout its journey, Bannari Amman Spinning Mills has remained committed to innovation, sustainability, and ethical business practices. The company has continuously invested in state-of-the-art technology and infrastructure, ensuring it remains at the forefront of the industry.

The company is an integrated textile company engaged in the manufacture of cotton yarn, knitted & woven fabrics, processing of fabrics, finished garments, home textiles and wind power generation. It stands as a testament to the power of vision, hard work, and integrity. With decades of experience, the company continues to push the boundaries of what is possible in the textile industry, providing customers with premium products that are both innovative and sustainable. As it moves forward, it remains dedicated to its founding principles, striving to create value for its customers, employees, and the community at large.

Business area of the company

Bannari Amman Spinning Mills is an integrated textile company engaged in the manufacture of cotton yarn, knitted & woven fabrics, processing of fabrics, finished garments, home textiles and wind power generation. The company shares its roots with the Bannari Amman group of companies which has diverse interests spanning various industries in South India.

Business Divisions of the company

• Spinning division: The division is equipped with state-of-the-art spinning machinery from renowned manufacturers, including LMW Coimbatore, RIETER Switzerland, and TRUTZSCHLER Germany.
• Knitting division: The division serves as a hub of advanced textile manufacturing, specializing in the production of grey knitted fabrics.
• Processing division: Equipped with state-of-the-art technology, the facility is designed to meet a wide range of knit processing requirements, ensuring the delivery of premium-quality products that consistently exceed industry standards.
• Weaving division: The unit is equipped with 135 Sulzer wider-width jumbo looms and 18 Sulzer Airjet looms. These advanced machines enable the production of ultra-fine count fabrics in both narrow and wider widths, ensuring superior quality and precision in every weave.
• Home textile division: The company has established a dedicated home textile division to manufacture high-end home textile products catering to the niche upcountry market.
• Wind mill division: The company proudly operates multiple windmills, and the electricity generated is primarily used for captive consumption, directly supplying power to its spinning units.