Bannari Amman Spinning Mills Ltd Stock Analysis

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

BSE Share Price Jul 05, 18:01
53.70 0.20 (0.37%)

DeciZen - Make an Informed Decision on Bannari Amman Spg

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

1. Quality

2. Valuation

Fair

3. Price Trend

FAQs

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 Fair zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bannari Amman Spinning Mills Ltd is likely to Fall 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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 0.8%9.4%9.1%5.4%6.1%5.2%5.2%6.1%3.6%3.2%-
Value Creation Index -0.9-0.3-0.4-0.6-0.6-0.6-0.6-0.6-0.7-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4605607006807718688921,0009258601,285
YoY Gr. Rt. %-21.8%25%-2.8%13.3%12.6%2.7%12.1%-7.5%-7.1%-
Adj EPS -3.65.66.52.43.82.11.33-2.2-2.67.5
YoY Gr. Rt. %-NA16.5%-62.8%56.6%-43.8%-40.9%136.5%-174.8%NA-
BVPS (₹) 38.143.449.45255.259.26063.362.860.768.4
Adj Net Profit -17.627.331.811.818.510.46.214.6-10.9-12.549
Cash Flow from Ops. 1651034.211357.625.711.757.3123166-
Debt/CF from Ops. 2.23.7107.43.98.321.754.911.753-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.2%2.2%-1.2%-7.1%
Adj EPS NA-192.5%-226.7%NA
BVPS 5.31.90.4-3.3
Share Price 10.5% -11% 1.4% 13.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -8.813.413.94.87.13.72.14.8-3.5-4.111.6
Op. Profit Mgn % 7.320.316.911.711.99.99.710.38.2811.4
Net Profit Mgn % -3.84.94.61.72.41.20.71.5-1.2-1.53.8
Debt to Equity 2.21.81.91.81.81.92.22.221.70.5
Working Cap Days 202127135170162147158173190178108
Cash Conv. Cycle 1468710112812111110811412410328

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.60%

Debt to equity has declined versus last 3 years average to 1.69

Sales growth is good in last 4 quarters at 57.06%

Sales growth has been subdued in last 3 years -1.23%

Net Profit has been subdued in last 3 years -226.66%

Latest Financials - Bannari Amman Spinning Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 7.5 8.1
TTM Sales (₹ Cr.) 1,285 1,560
BVPS (₹.) 68.4 69.8
Reserves (₹ Cr.) 411 420
P/BV 0.78 0.77
PE 7.12 6.62
From the Market
52 Week Low / High (₹) 45.99 / 100.60
All Time Low / High (₹) 8.03 / 131.16
Market Cap (₹ Cr.) 347
Equity (₹ Cr.) 32.4
Face Value (₹) 5
Industry PE 9.5

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

Login/Register to view analysis.

Analyst's Notes

Login/Register to view analysis.

News

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
Read More Read Less