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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Bannari Amman Spinning Mills Ltd

About the Company - Bannari Amman Spinning Mills Ltd

Bannari Amman Spinning Mills Ltd. is a Public Limited Listed company incorporated on 10/07/1989 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L17111TZ1989PLC002476 and registration number is 002476. Currently company belongs to the Industry of Textiles - General. Company’s Total Operating Revenue is Rs. 1285.43 Cr. and Equity Capital is Rs. 32.42 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - General252, Mettupalayam Road, Coimbatore Tamil Nadu 641043shares@bannarimills.com
http://www.bannarimills.com
Management
NamePosition Held
Mr. S V ArumugamChairman & Managing Director
Dr. K R ThillainathanDirector
Mr. S PalaniswamiDirector
Mr. K SadhasivamDirector
Mrs. S SihamaniDirector
Mr. C SivasamyDirector

Bannari Amman Spinning Mills Ltd. Share Price Update

Share PriceValue
Today₹41.80
Previous Day₹42.49

Basic Stock Data of Bannari Amman Spinning Mills Ltd

Last Updated: April 8, 2024, 5:13 am

Market Cap 285 Cr.
Current Price 44.0
High / Low59.9/37.1
Stock P/E
Book Value 63.8
Dividend Yield0.00 %
ROCE2.37 %
ROE5.03 %
Face Value 5.00

Data Source: screener.in

Bannari Amman Spinning Mills Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales297.34308.64252.73394.70449.04463.76383.02345.95289.46380.15269.27379.42269.47
Expenses263.55271.54211.32340.79398.99442.43351.34335.51284.23375.65250.13360.50249.72
Operating Profit33.7937.1041.4153.9150.0521.3331.6810.445.234.5019.1418.9219.75
OPM %11.36%12.02%16.39%13.66%11.15%4.60%8.27%3.02%1.81%1.18%7.11%4.99%7.33%
Other Income0.200.070.091.762.651.550.490.471.954.230.824.013.30
Interest16.2813.8713.1216.2111.9812.0113.6215.4914.5913.8415.7314.3015.31
Depreciation8.228.097.967.798.029.938.238.278.499.899.309.288.13
Profit before tax9.4915.2120.4231.6732.700.9410.32-12.85-15.90-15.00-5.07-0.65-0.39
Tax %15.28%16.44%25.12%34.10%35.57%208.51%25.29%29.26%30.19%32.27%37.08%81.54%84.62%
Net Profit8.0412.7115.2920.8721.07-1.037.70-9.09-11.10-10.16-3.20-0.12-0.06
EPS in Rs1.261.842.222.903.03-0.050.91-1.82-2.07-1.58-0.74-0.36-0.31

Last Updated: April 6, 2024, 9:31 am

Bannari Amman Spinning Mills Ltd Quarterly Chart

Bannari Amman Spinning Mills Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5596997308228681,0081,1741,1341,0191,5601,3981,318
Expenses4455816477267839111,0571,0389401,3931,3461,271
Operating Profit1131188396859711796781675348
OPM %20%17%11%12%10%10%10%8%8%11%4%4%
Other Income11313691846611
Interest383838384460677262535858
Depreciation363528303031343333343537
Profit before tax4146202915112510-1286-33-37
Tax %33%31%33%33%22%15%6%41%14%34%32%
Net Profit273213201210246-1056-23-25
EPS in Rs4.234.892.053.021.781.363.240.37-1.708.09-4.56-4.75
Dividend Payout %12%10%18%13%25%29%12%0%0%7%0%

Bannari Amman Spinning Mills Ltd Profit & Loss Yearly Chart

Bannari Amman Spinning Mills Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:7%
3 Years:7%
TTM:-12%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:8%
Stock Price CAGR
10 Years:1%
5 Years:-7%
3 Years:-1%
1 Year:-3%
Return on Equity
10 Years:4%
5 Years:2%
3 Years:1%
Last Year:-5%

Bannari Amman Spinning Mills Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital161616161616161616323232
Reserves199227228244269279297297286420388381
Borrowings382448462499555702725680584520621604
Other Liabilities96120146189101211222255229263243226
Total Liabilities6948108529479411,2081,2591,2471,1141,2351,2841,244
Fixed Assets442440452514574669659640613599638629
CWIP7250203114173069
Investments232454211100274
Other Assets222344344409345537598603484604633601
Total Assets6948108529479411,2081,2591,2471,1141,2351,2841,244

Bannari Amman Spinning Mills Ltd Reserves and Borrowings Chart

Bannari Amman Spinning Mills Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 103411359262267139160561
Cash from Investing Activity -23-29-75-60-67-42-267-12-34-48
Cash from Financing Activity -7124-44-35319-48-123-165-2138
Net Cash Flow9-1-6-412-1-624-171-9

Bannari Amman Spinning Mills Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2935404336455954504452
Inventory Days98148117136114173150157138108122
Days Payable3631455922625371695141
Cash Conversion Cycle92152112120128156156140120101134
Working Capital Days318365687712111410210992117
ROCE %13%8%9%7%8%9%6%5%14%2%

Bannari Amman Spinning Mills Ltd Financial Efficiency Indicators Chart

Bannari Amman Spinning Mills Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters55.55%55.55%55.55%55.33%55.33%55.33%55.33%55.33%55.33%55.33%55.33%55.33%
FIIs0.00%0.00%0.28%0.33%0.25%0.37%0.32%0.12%0.08%0.08%0.15%0.07%
Public44.45%44.45%44.17%44.33%44.41%44.29%44.34%44.54%44.59%44.58%44.51%44.59%
No. of Shareholders7,86112,02111,51914,08516,57517,18217,71517,82717,54317,79817,48318,249

Bannari Amman Spinning Mills Ltd Shareholding Pattern Chart

No. of Bannari Amman Spinning Mills Ltd Shareholders

This stock is not held by any mutual fund

Bannari Amman Spinning Mills Ltd ROCE Trend

Bannari Amman Spinning Mills Ltd EPS Trend

Bannari Amman Spinning Mills Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.0010.0010.00
Basic EPS (Rs.)-3.4911.85-3.493.7515.02
Diluted EPS (Rs.)-3.4911.85-3.493.7515.02
Cash EPS (Rs.)1.8913.867.1024.4636.58
Book Value[Excl.RevalReserv]/Share (Rs.)72.0775.87107.13220.38218.07
Book Value[Incl.RevalReserv]/Share (Rs.)72.0775.87107.13220.38218.07
Revenue From Operations / Share (Rs.)215.69240.62323.26719.73745.50
PBDIT / Share (Rs.)9.1026.6426.2572.8080.18
PBIT / Share (Rs.)3.7221.4515.8652.0958.62
PBT / Share (Rs.)-5.1613.22-3.826.3715.99
Net Profit / Share (Rs.)-3.498.67-3.293.7515.02
NP After MI And SOA / Share (Rs.)-4.568.09-3.491.5413.27
PBDIT Margin (%)4.2111.078.1210.1110.75
PBIT Margin (%)1.728.914.907.237.86
PBT Margin (%)-2.395.49-1.180.882.14
Net Profit Margin (%)-1.613.60-1.010.522.01
NP After MI And SOA Margin (%)-2.113.36-1.080.211.78
Return on Networth / Equity (%)-7.0311.58-3.640.776.69
Return on Capital Employeed (%)2.9517.308.8213.9015.11
Return On Assets (%)-2.304.19-0.980.191.65
Long Term Debt / Equity (X)0.730.560.610.620.72
Total Debt / Equity (X)1.471.151.741.972.14
Asset Turnover Ratio (%)1.201.190.780.780.85
Current Ratio (X)1.321.330.860.890.90
Quick Ratio (X)0.580.640.390.390.41
Inventory Turnover Ratio (X)3.873.722.122.322.41
Dividend Payout Ratio (NP) (%)0.000.000.00103.9512.05
Dividend Payout Ratio (CP) (%)0.000.000.007.194.59
Earning Retention Ratio (%)0.000.000.00-3.9587.95
Cash Earning Retention Ratio (%)0.000.000.0092.8195.41
Interest Coverage Ratio (X)1.023.241.331.591.88
Interest Coverage Ratio (Post Tax) (X)0.602.050.831.081.35
Enterprise Value (Cr.)897.001042.08734.39721.55986.62
EV / Net Operating Revenue (X)0.640.660.720.630.84
EV / EBITDA (X)15.216.038.886.297.81
MarketCap / Net Operating Revenue (X)0.170.320.180.090.25
Retention Ratios (%)0.000.000.00-3.9587.94
Price / BV (X)0.571.110.630.340.95
Price / Net Operating Revenue (X)0.170.320.180.090.25
EarningsYield-0.120.10-0.050.020.06

Bannari Amman Spinning Mills Ltd Profitability Ratios (%)

Bannari Amman Spinning Mills Ltd Liquidity Ratios

Bannari Amman Spinning Mills Ltd Liquidity Ratios (%)

Bannari Amman Spinning Mills Ltd Interest Coverage Ratios (%)

Bannari Amman Spinning Mills Ltd Valuation Ratios

Fair Value of Bannari Amman Spinning Mills Ltd Stock

Fair Value: 49.10

The stock is undervalued by 11.59% compared to the current price ₹44

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness of Bannari Amman Spinning Mills Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (307.08 cr) and profit (16.75 cr) over the years.
  1. The stock has a low average ROCE of 7.36%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 89.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 128.27, which may not be favorable.
  4. The company has higher borrowings (565.17) compared to reserves (292.92), which may suggest financial risk.

FAQ

What is the latest fair value of Bannari Amman Spinning Mills Ltd?

The latest fair value of Bannari Amman Spinning Mills Ltd is 49.10.

What is the Market Cap of Bannari Amman Spinning Mills Ltd?

The Market Cap of Bannari Amman Spinning Mills Ltd is 285 Cr..

What is the current Stock Price of Bannari Amman Spinning Mills Ltd as on 13 April 2024?

The current stock price of Bannari Amman Spinning Mills Ltd as on 13 April 2024 is 44.0.

What is the High / Low of Bannari Amman Spinning Mills Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bannari Amman Spinning Mills Ltd stocks is ₹59.9/37.1.

What is the Stock P/E of Bannari Amman Spinning Mills Ltd?

The Stock P/E of Bannari Amman Spinning Mills Ltd is .

What is the Book Value of Bannari Amman Spinning Mills Ltd?

The Book Value of Bannari Amman Spinning Mills Ltd is 63.8.

What is the Dividend Yield of Bannari Amman Spinning Mills Ltd?

The Dividend Yield of Bannari Amman Spinning Mills Ltd is 0.00 %.

What is the ROCE of Bannari Amman Spinning Mills Ltd?

The ROCE of Bannari Amman Spinning Mills Ltd is 2.37 %.

What is the ROE of Bannari Amman Spinning Mills Ltd?

The ROE of Bannari Amman Spinning Mills Ltd is 5.03 %.

What is the Face Value of Bannari Amman Spinning Mills Ltd?

The Face Value of Bannari Amman Spinning Mills Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bannari Amman Spinning Mills Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE