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.

INDUSTRY	ADDRESS	CONTACT
Textiles - General	252, Mettupalayam Road, Coimbatore Tamil Nadu 641043	shares@bannarimills.com http://www.bannarimills.com

Management
Name	Position Held
Mr. S V Arumugam	Chairman & Managing Director
Dr. K R Thillainathan	Director
Mr. S Palaniswami	Director
Mr. K Sadhasivam	Director
Mrs. S Sihamani	Director
Mr. C Sivasamy	Director

Basic Stock Data of Bannari Amman Spinning Mills Ltd

Last Updated: July 26, 2024, 10:57 pm

Market Cap	336 Cr.
Current Price	51.7
High / Low	59.9/37.1
Stock P/E
Book Value	61.6
Dividend Yield	0.00 %
ROCE	1.89 %
ROE	5.40 %
Face Value	5.00
PEG Ratio	0.00

Data Source: screener.in

Bannari Amman Spinning Mills Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	297.34	308.64	252.73	394.70	449.04	463.76	383.02	345.95	289.46	380.15	269.27	379.42	269.47
Expenses	263.55	271.54	211.32	340.79	398.99	442.43	351.34	335.51	284.23	375.65	250.13	360.50	249.72
Operating Profit	33.79	37.10	41.41	53.91	50.05	21.33	31.68	10.44	5.23	4.50	19.14	18.92	19.75
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 Income	0.20	0.07	0.09	1.76	2.65	1.55	0.49	0.47	1.95	4.23	0.82	4.01	3.30
Interest	16.28	13.87	13.12	16.21	11.98	12.01	13.62	15.49	14.59	13.84	15.73	14.30	15.31
Depreciation	8.22	8.09	7.96	7.79	8.02	9.93	8.23	8.27	8.49	9.89	9.30	9.28	8.13
Profit before tax	9.49	15.21	20.42	31.67	32.70	0.94	10.32	-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 Profit	8.04	12.71	15.29	20.87	21.07	-1.03	7.70	-9.09	-11.10	-10.16	-3.20	-0.12	-0.06
EPS in Rs	1.26	1.84	2.22	2.90	3.03	-0.05	0.91	-1.82	-2.07	-1.58	-0.74	-0.36	-0.31

Last Updated: July 12, 2024, 7:11 am

Bannari Amman Spinning Mills Ltd Quarterly Chart

Bannari Amman Spinning Mills Ltd Profit & Loss

Last Updated: July 10, 2024, 3:30 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	559	699	730	822	868	1,008	1,174	1,134	1,019	1,560	1,398	1,318
Expenses	445	581	647	726	783	911	1,057	1,038	940	1,393	1,346	1,271
Operating Profit	113	118	83	96	85	97	117	96	78	167	53	48
OPM %	20%	17%	11%	12%	10%	10%	10%	8%	8%	11%	4%	4%
Other Income	1	1	3	1	3	6	9	18	4	6	6	11
Interest	38	38	38	38	44	60	67	72	62	53	58	58
Depreciation	36	35	28	30	30	31	34	33	33	34	35	37
Profit before tax	41	46	20	29	15	11	25	10	-12	86	-33	-37
Tax %	33%	31%	33%	33%	22%	15%	6%	41%	14%	34%	32%
Net Profit	27	32	13	20	12	10	24	6	-10	56	-23	-25
EPS in Rs	4.23	4.89	2.05	3.02	1.78	1.36	3.24	0.37	-1.70	8.09	-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:	3%
5 Years:	-5%
3 Years:	-3%
TTM:	-34%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	-24%
TTM:	-1%

Stock Price CAGR
10 Years:	2%
5 Years:	2%
3 Years:	-8%
1 Year:	4%

Return on Equity
10 Years:	2%
5 Years:	0%
3 Years:	1%
Last Year:	-5%

Last Updated: July 24, 2024, 6:02 pm

Bannari Amman Spinning Mills Ltd Balance Sheet

Last Updated: July 10, 2024, 3:30 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	16	16	16	16	16	16	16	16	16	32	32	32
Reserves	199	227	228	244	269	279	297	297	286	420	388	381
Borrowings	382	448	462	499	555	702	725	680	584	520	621	604
Other Liabilities	96	120	146	189	101	211	222	255	229	263	243	226
Total Liabilities	694	810	852	947	941	1,208	1,259	1,247	1,114	1,235	1,284	1,244
Fixed Assets	442	440	452	514	574	669	659	640	613	599	638	629
CWIP	7	2	50	20	3	1	1	4	17	30	6	9
Investments	23	24	5	4	21	1	1	0	0	2	7	4
Other Assets	222	344	344	409	345	537	598	603	484	604	633	601
Total Assets	694	810	852	947	941	1,208	1,259	1,247	1,114	1,235	1,284	1,244

Bannari Amman Spinning Mills Ltd Reserves and Borrowings Chart

Bannari Amman Spinning Mills Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	103	4	113	59	26	22	67	139	160	56	1	125
Cash from Investing Activity	-23	-29	-75	-60	-67	-42	-26	7	-12	-34	-48	-7
Cash from Financing Activity	-71	24	-44	-3	53	19	-48	-123	-165	-21	38	-113
Net Cash Flow	9	-1	-6	-4	12	-1	-6	24	-17	1	-9	6

Bannari Amman Spinning Mills Ltd Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	29	35	40	43	36	45	59	54	50	44	52	66
Inventory Days	98	148	117	136	114	173	150	157	138	108	122	110
Days Payable	36	31	45	59	22	62	53	71	69	51	41	52
Cash Conversion Cycle	92	152	112	120	128	156	156	140	120	101	134	125
Working Capital Days	31	83	65	68	77	121	114	102	109	92	117	220
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

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	55.55%	55.55%	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%
FIIs	0.00%	0.28%	0.33%	0.25%	0.37%	0.32%	0.12%	0.08%	0.08%	0.15%	0.07%	0.05%
Public	44.45%	44.17%	44.33%	44.41%	44.29%	44.34%	44.54%	44.59%	44.58%	44.51%	44.59%	44.61%
No. of Shareholders	12,021	11,519	14,085	16,575	17,182	17,715	17,827	17,543	17,798	17,483	18,249	20,872

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

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	5.00	10.00
Basic EPS (Rs.)	-1.12	-3.49	11.85	-3.49	3.75
Diluted EPS (Rs.)	-1.12	-3.49	11.85	-3.49	3.75
Cash EPS (Rs.)	2.43	1.89	13.86	7.10	24.46
Book Value[Excl.RevalReserv]/Share (Rs.)	69.61	72.07	75.87	107.13	220.38
Book Value[Incl.RevalReserv]/Share (Rs.)	69.61	72.07	75.87	107.13	220.38
Revenue From Operations / Share (Rs.)	142.43	215.69	240.62	323.26	719.73
PBDIT / Share (Rs.)	7.59	9.10	26.64	26.25	72.80
PBIT / Share (Rs.)	2.98	3.72	21.45	15.86	52.09
PBT / Share (Rs.)	-4.59	-5.16	13.22	-3.82	6.37
Net Profit / Share (Rs.)	-2.18	-3.49	8.67	-3.29	3.75
NP After MI And SOA / Share (Rs.)	1.21	-4.56	8.09	-3.49	1.54
PBDIT Margin (%)	5.32	4.21	11.07	8.12	10.11
PBIT Margin (%)	2.09	1.72	8.91	4.90	7.23
PBT Margin (%)	-3.22	-2.39	5.49	-1.18	0.88
Net Profit Margin (%)	-1.53	-1.61	3.60	-1.01	0.52
NP After MI And SOA Margin (%)	0.84	-2.11	3.36	-1.08	0.21
Return on Networth / Equity (%)	1.96	-7.03	11.58	-3.64	0.77
Return on Capital Employeed (%)	2.81	2.95	17.30	8.82	13.90
Return On Assets (%)	0.63	-2.30	4.19	-0.98	0.19
Long Term Debt / Equity (X)	0.54	0.73	0.56	0.61	0.62
Total Debt / Equity (X)	1.27	1.47	1.15	1.74	1.97
Asset Turnover Ratio (%)	0.73	1.10	1.19	0.78	0.78
Current Ratio (X)	1.33	1.32	1.33	0.86	0.89
Quick Ratio (X)	0.93	0.58	0.64	0.39	0.39
Inventory Turnover Ratio (X)	2.41	3.32	3.72	2.12	2.32
Dividend Payout Ratio (NP) (%)	0.00	-13.14	0.00	0.00	103.95
Dividend Payout Ratio (CP) (%)	0.00	73.54	0.00	0.00	7.19
Earning Retention Ratio (%)	0.00	113.14	0.00	0.00	-3.95
Cash Earning Retention Ratio (%)	0.00	26.46	0.00	0.00	92.81
Interest Coverage Ratio (X)	1.00	1.02	3.24	1.33	1.59
Interest Coverage Ratio (Post Tax) (X)	0.54	0.60	2.05	0.83	1.08
Enterprise Value (Cr.)	796.28	897.00	1042.08	734.39	721.55
EV / Net Operating Revenue (X)	0.86	0.64	0.66	0.72	0.63
EV / EBITDA (X)	16.18	15.21	6.03	8.88	6.29
MarketCap / Net Operating Revenue (X)	0.26	0.17	0.32	0.18	0.09
Retention Ratios (%)	0.00	113.14	0.00	0.00	-3.95
Price / BV (X)	0.61	0.57	1.11	0.63	0.34
Price / Net Operating Revenue (X)	0.26	0.17	0.32	0.18	0.09
EarningsYield	0.03	-0.12	0.10	-0.05	0.02

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

Fair Value: 50.89

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.

Overvalued: 1.56% compared to the current price 51.7

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 35.43

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
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.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

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

Overvalued: 31.48% compared to the current price 51.7

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -30.39%

*Investments are subject to market risks

Strength and Weakness of Bannari Amman Spinning Mills Ltd Stock

Strength	Weakness
The company has shown consistent growth in sales (307.08 cr) and profit (16.75 cr) over the years.	The stock has a low average ROCE of 6.75%, which may not be favorable. The stock has a high average Working Capital Days of 99.92, which may not be favorable. The stock has a high average Cash Conversion Cycle of 128.00, which may not be favorable. The company has higher borrowings (557.08) compared to reserves (291.75), 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 ₹50.89.

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

The Market Cap of Bannari Amman Spinning Mills Ltd is 336 Cr..

What is the current Stock Price of Bannari Amman Spinning Mills Ltd as on 27 July 2024?

The current stock price of Bannari Amman Spinning Mills Ltd as on 27 July 2024 is 51.7.

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 61.6.

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 1.89 %.

What is the ROE of Bannari Amman Spinning Mills Ltd?

The ROE of Bannari Amman Spinning Mills Ltd is 5.40 %.

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

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