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Last Updated: April 2, 2026, 2:41 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500041 | NSE: BANARISUG

Bannari Amman Sugars Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,282.50Overvalued by 37.48%vs CMP ₹3,651.00

P/E (32.4) × ROE (6.0%) × BV (₹1,453.00) × DY (0.34%)

₹1,693.46Overvalued by 53.62%vs CMP ₹3,651.00
MoS: -115.6% (Negative)Confidence: 70/100 (High)Models: All 10: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2,558.3920%Over (-29.9%)
Graham NumberEarnings₹1,920.6815%Over (-47.4%)
Earnings PowerEarnings₹903.0912%Over (-75.3%)
DCFCash Flow₹2,030.3412%Over (-44.4%)
Net Asset ValueAssets₹1,453.067%Over (-60.2%)
EV/EBITDAEnterprise₹2,130.158%Over (-41.7%)
Dividend DiscountDividends₹550.008%Over (-84.9%)
Earnings YieldEarnings₹1,128.407%Over (-69.1%)
ROCE CapitalReturns₹1,216.177%Over (-66.7%)
Revenue MultipleRevenue₹1,429.945%Over (-60.8%)
Consensus (10 models)₹1,693.46100%Overvalued
Key Drivers: Wide model spread (₹550–₹2,558) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 12.1%

*Investments are subject to market risks

Investment Snapshot

43
Bannari Amman Sugars Ltd scores 43/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health61/100 · Moderate
ROCE 8.7% AverageROE 6.0% AverageD/E 0.62 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 58.7% Stable
Earnings Quality40/100 · Moderate
OPM stable around 13% SteadyWorking capital: 142 days Capital intensive
Quarterly Momentum25/100 · Weak
Revenue (4Q): -8% YoY DecliningProfit (4Q): -6% YoY Declining
Industry Rank30/100 · Weak
P/E 32.4 vs industry 20.7 Premium to peersROCE 8.7% vs industry 8.6% Average3Y sales CAGR: -4% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:41 am

Market Cap 4,578 Cr.
Current Price 3,651
Intrinsic Value₹1,693.46
High / Low 4,675/2,915
Stock P/E32.4
Book Value 1,453
Dividend Yield0.34 %
ROCE8.68 %
ROE6.04 %
Face Value 10.0
PEG Ratio2.68

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bannari Amman Sugars Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bannari Amman Sugars Ltd 4,578 Cr. 3,651 4,675/2,91532.4 1,4530.34 %8.68 %6.04 % 10.0
Bajaj Hindusthan Sugar Ltd 4,026 Cr. 17.0 29.6/14.8 29.80.00 %1.15 %0.54 % 1.00
Piccadily Agro Industries Ltd 5,337 Cr. 541 806/48340.2 81.70.00 %22.7 %20.1 % 10.0
Shree Renuka Sugars Ltd 5,979 Cr. 28.1 35.8/22.8 10.90.00 %10.6 %% 1.00
Dalmia Bharat Sugar & Industries Ltd 3,104 Cr. 383 465/2619.16 3991.56 %9.48 %12.4 % 2.00
Industry Average2,024.68 Cr265.4020.73225.550.76%8.62%7.89%6.37

All Competitor Stocks of Bannari Amman Sugars Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 510932656431600768421404474421494419572
Expenses 442835553387508649370375406360441382497
Operating Profit 6898103449211951296761533775
OPM % 13%10%16%10%15%16%12%7%14%15%11%9%13%
Other Income 22212221212147
Interest 13131010778624311
Depreciation 19191814141415141414161515
Profit before tax 386876207310031105345552466
Tax % 29%40%35%33%33%32%30%35%35%35%36%37%35%
Net Profit 2741501449682263429351543
EPS in Rs 21.4832.5839.8110.8438.9254.2817.415.1327.3322.9828.0412.1634.05

Last Updated: January 2, 2026, 7:31 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 1:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6519301,4561,7521,4811,1251,6091,5631,9982,5262,2201,7932,128
Expenses 5038021,2511,4041,2709431,3781,3521,7802,2211,9141,5831,881
Operating Profit 148128204348211182231211218304306210247
OPM % 23%14%14%20%14%16%14%13%11%12%14%12%12%
Other Income -21636584933972637
Interest 62931169734304439324932165
Depreciation 52516269706765666874585962
Profit before tax 3203018711293126115122220224162217
Tax % 11%-209%-7%22%22%18%24%20%34%35%32%35%
Net Profit 291321458776969280143152105142
EPS in Rs 25.080.9027.73115.7769.5960.5676.2773.4863.78114.35121.4583.47112.84
Dividend Payout % 50%278%27%11%14%17%13%14%16%11%10%15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-96.55%3100.00%353.12%-40.00%-12.64%26.32%-4.17%-13.04%78.75%6.29%-30.92%
Change in YoY Net Profit Growth (%)0.00%3196.55%-2746.88%-393.12%27.36%38.96%-30.48%-8.88%91.79%-72.46%-37.21%

Bannari Amman Sugars Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:2%
3 Years:-4%
TTM:-18%
Compounded Profit Growth
10 Years:64%
5 Years:2%
3 Years:9%
TTM:-22%
Stock Price CAGR
10 Years:19%
5 Years:22%
3 Years:9%
1 Year:8%
Return on Equity
10 Years:8%
5 Years:8%
3 Years:8%
Last Year:6%

Last Updated: September 5, 2025, 12:35 am

Balance Sheet

Last Updated: December 4, 2025, 1:01 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 11111113131313131313131313
Reserves 9439409201,0551,1231,1831,2621,3441,4111,5391,6761,7661,809
Borrowings 1,0521,2211,5341,03850876999687296158148615019
Other Liabilities 274232355297143237164163184226260297340
Total Liabilities 2,2812,4052,8212,4021,7862,2022,4342,3902,5692,3592,4352,2262,180
Fixed Assets 6329171,1381,1031,0821,0261,0049541,0491,0781,0711,1891,163
CWIP 2682215344249014561221121116
Investments 001211111234100
Other Assets 1,3811,4661,6671,2636991,1511,3401,2911,4581,2571,2491,022902
Total Assets 2,2812,4052,8212,4021,7862,2022,4342,3902,5692,3592,4352,2262,180

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -25520178645588-192-5723633502274430
Cash from Investing Activity + -253-74-275-52-16-27-106-61-75-57-130-65
Cash from Financing Activity + 50961107-604-579219167-17942-443-144-369
Net Cash Flow 0710-11-604-5-031-5
Free Cash Flow -510-68-98591570-222-164173-45438135355
CFO/OP -172%16%85%198%289%-96%-16%120%26%180%104%218%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow147.00127.00203.00347.00-297.00-587.00-765.00-661.00-743.00-277.00-180.0060.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 231633241742433863202214
Inventory Days 1,542757485296188529330339255205247277
Days Payable 973950272895212022171927
Cash Conversion Cycle 1,468734468293176476352356296209249263
Working Capital Days 16410998687111591968185101142
ROCE %6%4%6%12%8%7%8%7%7%12%12%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%
FIIs 0.26%0.26%0.26%0.26%0.25%0.25%0.27%0.27%0.27%0.28%0.27%0.27%
DIIs 0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 41.04%41.04%41.03%41.04%41.04%41.05%41.04%41.03%41.04%41.01%41.02%41.03%
No. of Shareholders 7,8957,8618,4628,7668,6948,6628,7188,2977,8167,7637,5356,670

Shareholding Pattern Chart

No. of Shareholders

Bannari Amman Sugars Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 83.47121.46114.3563.7873.48
Diluted EPS (Rs.) 83.47121.46114.3563.7873.48
Cash EPS (Rs.) 130.13167.38173.39117.90125.89
Book Value[Excl.RevalReserv]/Share (Rs.) 1418.601346.441237.581135.111081.43
Book Value[Incl.RevalReserv]/Share (Rs.) 1418.601346.441237.581135.111081.43
Dividend / Share (Rs.) 12.5012.5012.5010.0010.00
Revenue From Operations / Share (Rs.) 1429.841770.632014.061593.411244.99
PBDIT / Share (Rs.) 188.64249.69273.99176.24175.12
PBIT / Share (Rs.) 141.98203.76214.95122.13122.71
PBT / Share (Rs.) 129.39178.52175.6197.0891.34
Net Profit / Share (Rs.) 83.47121.46114.3563.7873.48
PBDIT Margin (%) 13.1914.1013.6011.0614.06
PBIT Margin (%) 9.9211.5010.677.669.85
PBT Margin (%) 9.0410.088.716.097.33
Net Profit Margin (%) 5.836.855.674.005.90
Return on Networth / Equity (%) 5.889.029.235.616.79
Return on Capital Employeed (%) 9.2413.7115.099.639.94
Return On Assets (%) 4.706.256.073.113.85
Long Term Debt / Equity (X) 0.000.030.100.080.12
Total Debt / Equity (X) 0.080.280.370.670.62
Asset Turnover Ratio (%) 0.760.921.030.800.64
Current Ratio (X) 3.332.092.041.461.49
Quick Ratio (X) 0.370.320.330.430.31
Inventory Turnover Ratio (X) 1.891.551.721.461.14
Dividend Payout Ratio (NP) (%) 14.9710.298.7415.6713.60
Dividend Payout Ratio (CP) (%) 9.607.465.768.487.94
Earning Retention Ratio (%) 85.0389.7191.2684.3386.40
Cash Earning Retention Ratio (%) 90.4092.5494.2491.5292.06
Interest Coverage Ratio (X) 14.999.896.977.035.58
Interest Coverage Ratio (Post Tax) (X) 7.635.813.913.553.34
Enterprise Value (Cr.) 4862.643372.023986.564309.942808.96
EV / Net Operating Revenue (X) 2.711.521.582.161.80
EV / EBITDA (X) 20.5610.7711.6019.5012.79
MarketCap / Net Operating Revenue (X) 2.631.301.351.681.26
Retention Ratios (%) 85.0289.7091.2584.3286.39
Price / BV (X) 2.651.712.202.361.45
Price / Net Operating Revenue (X) 2.631.301.351.681.26
EarningsYield 0.020.050.040.020.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bannari Amman Sugars Ltd. is a Public Limited Listed company incorporated on 01/12/1983 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L15421TZ1983PLC001358 and registration number is 001358. Currently Company is involved in the business activities of Manufacture or refining of sugar (sucrose) from sugercane. Company's Total Operating Revenue is Rs. 1792.97 Cr. and Equity Capital is Rs. 12.54 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Sugar1212, Trichy Road, Coimbatore Tamil Nadu 641018Contact not found
Management
NamePosition Held
Mr. S V BalasubramaniamChairman
Mr. B SaravananManaging Director
Dr. Radha RamaniInd. Non-Executive Woman Director
Mr. C DevarajanInd. Non-Executive Director
Mr. M RathinasamyInd. Non-Executive Director
Mr. M PonnuswamiInd. Non-Executive Director
Mr. M Bharath KumarNon Exe.Non Ind.Director

FAQ

What is the intrinsic value of Bannari Amman Sugars Ltd and is it undervalued?

As of 12 April 2026, Bannari Amman Sugars Ltd's intrinsic value is ₹1693.46, which is 53.62% lower than the current market price of ₹3,651.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (6.04 %), book value (₹1,453), dividend yield (0.34 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bannari Amman Sugars Ltd?

Bannari Amman Sugars Ltd is trading at ₹3,651.00 as of 12 April 2026, with a FY2026-2027 high of ₹4,675 and low of ₹2,915. The stock is currently in the middle of its 52-week range. Market cap stands at ₹4,578 Cr..

How does Bannari Amman Sugars Ltd's P/E ratio compare to its industry?

Bannari Amman Sugars Ltd has a P/E ratio of 32.4, which is above the industry average of 20.73. The premium over industry average may reflect growth expectations or speculative interest.

Is Bannari Amman Sugars Ltd financially healthy?

Key indicators for Bannari Amman Sugars Ltd: ROCE of 8.68 % is on the lower side compared to the industry average of 8.62%; ROE of 6.04 % is below ideal levels (industry average: 7.89%). Dividend yield is 0.34 %.

Is Bannari Amman Sugars Ltd profitable and how is the profit trend?

Bannari Amman Sugars Ltd reported a net profit of ₹105 Cr in Mar 2025 on revenue of ₹1,793 Cr. Compared to ₹80 Cr in Mar 2022, the net profit shows an improving trend.

Does Bannari Amman Sugars Ltd pay dividends?

Bannari Amman Sugars Ltd has a dividend yield of 0.34 % at the current price of ₹3,651.00. The company pays dividends, though the yield is modest.

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 Sugars 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
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