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Bannari Amman Spinning Mills Ltd (BASML)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532674 NSE: BASML Textile - Spinning | Small Cap | Bannari Amman Spg. Share Price

₹23.75 -0.29 (-1.21%)

As on 18-Sep'26 16:59

Bannari Amman Spinning Mills Ltd (BASML)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532674 NSE: BASML Textile - Spinning | Small Cap | Bannari Amman Spg. Share Price

₹23.75 -0.29 (-1.21%)

As on 18-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹190 Cr.
Current Price
₹23.8
52-Week Low / High
₹17 / 32
TTM EPS
₹2.9
TTM Sales
₹869 Cr.
Book Value per Share
₹59.7
P/E Ratio
8.29
Industry PE
19.2
Price to Book (P/B)
0.40
Lower than its 5-year historical median
Price to Sales (P/S)
0.22
Lower than its 5-year historical median
EV/EBITDA
6.55
Lower than its 5-year historical median
Dividend Yield
1.05%
Profitability Efficiency
Return on Equity (ROE)
3.44%
Outperforms industry median
Return on Capital Employed (ROCE)
7.40%
Outperforms industry median
Return on Assets (ROA)
1.51%
Operating Profit Margin
9.6%
Net Profit Margin
1.72%
Gross Profit Margin
5.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-1.92%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
29.5%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
49.55%
Pledged shares (%) of Promoter's holding (%)
52.47%
Reserves
₹437 Cr.
Equity
₹40 Cr.
Face Value
₹5
All Time Low / High
₹7.69 / 125.60

Bannari Amman Spinning Mills stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Bannari Amman Spinning Mills Ltd a good quality company?
Bannari Amman Spinning Mills Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Bannari Amman Spinning Mills Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Bannari Amman Spinning Mills Ltd vs industry peers?
Bannari Amman Spinning Mills Ltd revenue CAGR is -3.10%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Bannari Amman Spinning Mills Ltd?
Promoters hold 49.55% of the Bannari Amman Spinning Mills Ltd, with 52.47% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Bannari Amman Spinning Mills Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -12.6% based on the current price.

10 Year X-Ray :

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

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 7.3%7.3%8.5%6.8%5.1%14.6%-0.3%2.2%4.8%7.5%-
Value Creation
Index
-0.5-0.5-0.4-0.5-0.60.1-1.0-0.8-0.7-0.5-

Growth Parameters

Sales 8688921,0009258601,2851,046924887870869
Sales YoY Gr.-2.7%12.1%-7.5%-7.1%49.5%-18.7%-11.7%-3.9%-1.9%-
Adj EPS 21.22.9-2.1-2.56.9-4.8-3.2-0.31.63.2
YoY Gr.--40.7%136.4%-174.8%NANA-169.5%NANANA-
BVPS (₹) 56.657.460.660.158.265.559.956.161.559.260.9
Adj Net
Profit
10.46.214.6-10.9-12.546.9-32.6-21.7-1.912.925
Cash Flow from Ops. 25.711.757.312316647.3-42.911622.1117-
Debt/CF from Ops. 21.754.911.7539.1-13.24.421.13.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 0%0.3%-5.9%-1.9%
Adj EPS -2.5%NANANA
BVPS0.5%0.4%-0.4%-3.7%
Share Price -12.6% -16.1% -20.3% -13.7%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
3.72.14.8-3.5-4.112.7-7.7-5.5-0.52.95.3
Op. Profit
Mgn %
9.99.710.38.2811.42.13.37.39.69.4
Net Profit
Mgn %
1.20.71.5-1.2-1.53.7-3.1-2.4-0.21.52.9
Debt to
Equity
1.92.22.221.711.41.31.10.8-
Working Cap
Days
14715817319017711717420019219089
Cash Conv.
Cycle
111108114124103711181261241288

Valuation of Bannari Amman Spg. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.0052.47
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales8681,0081,1741,1341,0191,5601,046924887870
Operating Expenses + 7839111,0571,0389411,3941,025894823787
Manufacturing Costs5781102888312287848885
Material Costs6316747757616831,038822699628599
Employee Cost 5411313714312316982838181
Other Costs 41434346526533292622
Operating Profit 8596117967816721306584
Operating Profit Margin (%) 9.8%9.6%10.0%8.5%7.6%10.7%2.0%3.2%7.3%9.6%
Other Income + 269185631929
Exceptional Items 0000000000
Interest 44606772625343494543
Depreciation 30313433333428302628
Profit Before Tax 14112510-1286-47-30-422
Tax 3224-230-13-8-27
Profit After Tax 119246-1056-33-22-215
PAT Margin (%) 1.3%0.9%2.0%0.5%-1.0%3.6%-3.2%-2.4%-0.2%1.7%
Adjusted EPS (₹)2.31.74.10.5-2.27.7-4.4-3.21.11.7
Dividend Payout Ratio (%)24.70%28.70%12.10%0%0%7.40%0%0%0%14.50%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 285295312312302452421399408463
Share Capital 16161616163232323240
Reserves 269279297297286420388367376423
Debt +506665669616524502542468397321
Long Term Debt19127022619618725427521914386
Short Term Debt315395444420337248267249255234
Minority Interest02931353639465200
Trade Payables3711511214712814696995262
Others Liabilities 11310413413612495180209142139
Total Liabilities 9411,2081,2591,2471,1141,2351,2851,228999984

Fixed Assets

Net Fixed Assets +574669659640613599505482478516
Gross Block601727751739734751630666685749
Accumulated Depreciation275892100121153125183207233
CWIP 311417305101517
Investments 21110026446
Inventories198320318327259307284211217195
Trade Receivables85124190167140189175167155166
Cash Equivalents 2217133617207866
Others Assets 40767774688930334512478
Total Assets 9411,2081,2591,2471,1141,2351,2851,228999984
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 26226713916056112523117
PBT 14112510-1286-33-201120
Adjustment 73919686959093954762
Changes in Working Capital -56-77-484576-106-5455-3234
Tax Paid -6-2-5-21-13-5-5-31
Cash Flow From Investing Activity + -67-49-267-12-34-48-754-45
Capex -70-51-245-14-31-44-12-24-42
Net Investments 35-222-3-5479-3
Others 0-2111111-10
Cash Flow From Financing Activity + 5319-48-123-165-2138-113-82-73
Net Proceeds from Shares 000009900041
Net Proceeds from Borrowing 152-25-20-122554-66-45-50
Interest Paid -37-60-68-75-69-54-58-59-48-45
Dividend Paid -3-3-3-300-4-200
Others 788049-25-84-91471411-18
Net Cash Flow 12-8-624-171-96-5-0
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)4.113.247.791.89-3.3814.9-7.67-5.4-0.513.44
ROCE (%)7.287.749.088.15.3314.99-0.412.044.67.4
Asset Turnover Ratio0.920.940.950.910.861.330.830.740.80.88
PAT to CFO Conversion(x)2.362.442.7923.17N/A1N/AN/AN/A7.8
Working Capital Days
Receivable Days38.4037.9048.7057.3054.9038.5063.4067.5066.3067.40
Inventory Days84.8093.7099.20103.60104.9066.20102.9097.9088.1086.40
Payable Days10.8041.4053.6062.3073.6048.3053.805143.8034.40

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Bannari Amman Spinning Mills Ltd FAQs

The current trading price of Bannari Amman Spg. on 18-Sep-2026 16:59 is ₹23.75.

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 17-Sep-2026 the market cap of Bannari Amman Spg. stood at ₹189.8 Cr

The latest P/E ratio of Bannari Amman Spg. as of 17-Sep-2026 is 7.46.

The latest P/B ratio of Bannari Amman Spg. as of 17-Sep-2026 is 0.39.

The 52-week high of Bannari Amman Spg. is ₹31.75 and the 52-week low is ₹17.18.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bannari Amman Spg. is ₹869 ( Cr.) .

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

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.

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.

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’ 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.


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