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Last Updated on: 19 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Bannari Amman Sugars Ltd

About the Company - Bannari Amman Sugars Ltd

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. 1998.09 Cr. and Equity Capital is Rs. 12.54 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Sugar1212, Trichy Road, Coimbatore Tamil Nadu 641018shares@bannari.com
http://www.bannari.com
Management
NamePosition Held
Mr. S V BalasubramaniamChairman
Mr. B SaravananManaging Director
Dr. M P VijayakumarInd. Non-Executive Director
Mr. A K PerumalsamyInd. Non-Executive Director
Mr. T GundanInd. Non-Executive Director
Dr. Radha RamaniInd. Non-Executive Woman Director

Basic Stock Data of Bannari Amman Sugars Ltd

Last Updated: July 18, 2024, 11:19 pm

Market Cap 4,008 Cr.
Current Price 3,200
High / Low3,490/2,189
Stock P/E26.3
Book Value 1,346
Dividend Yield0.39 %
ROCE11.9 %
ROE9.40 %
Face Value 10.0
PEG Ratio1.94

Data Source: screener.in

Competitors of Bannari Amman Sugars Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dhampur Sugar Mills Ltd 1,453 Cr. 222326/19110.8 1682.25 %12.1 %12.5 % 10.0
Rana Sugars Ltd 392 Cr. 25.530.4/18.014.0 35.20.00 %7.06 %5.46 % 10.0
Bajaj Hindusthan Sugar Ltd 5,209 Cr. 40.845.0/15.9 35.00.00 %0.80 %1.90 % 1.00
Dharani Sugars & Chemicals Ltd 28.4 Cr. 8.55/ 59.40.00 %8.84 %% 10.0
Sakthi Sugars Ltd 458 Cr. 38.546.8/24.0 9.920.00 %5.79 %109 % 10.0
Industry Average1,822.02 Cr202.1822.69168.570.77%10.08%12.22%6.43

Bannari Amman Sugars Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales410453372373447716462427510932656431600
Expenses351390327345395650392392442835553387508
Operating Profit596345285265703568981034492
OPM %14%14%12%8%12%9%15%8%13%10%16%10%15%
Other Income15311123422212
Interest10109878913131310107
Depreciation17171615151522181919181414
Profit before tax3441236314441383868762073
Tax %24%23%4%12%32%33%41%33%29%40%35%33%33%
Net Profit2632225213024262741501449
EPS in Rs20.3825.4617.424.0216.8423.5619.3620.4921.4832.5839.8110.8438.92

Last Updated: July 10, 2024, 3:31 pm

Bannari Amman Sugars Ltd Quarterly Chart

Bannari Amman Sugars Ltd Profit & Loss

Last Updated: July 10, 2024, 3:31 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,1821,3376519301,4561,7521,4811,1251,6091,5631,9982,5262,456
Expenses9561,0525038021,2511,4041,2709431,3781,3521,7802,2212,097
Operating Profit227285148128204348211182231211218304358
OPM %19%21%23%14%14%20%14%16%14%13%11%12%15%
Other Income3-6-2163658493397
Interest514562931169734304439324934
Depreciation67605251626970676566687461
Profit before tax1121743203018711293126115122220269
Tax %6%18%11%-209%-7%22%22%18%24%20%34%35%
Net Profit106142291321458776969280143180
EPS in Rs92.37124.5625.080.9027.73115.7769.5960.5676.2773.4863.78114.35143.85
Dividend Payout %11%10%50%278%27%11%14%17%13%14%16%11%

Bannari Amman Sugars Ltd Profit & Loss Yearly Chart

Bannari Amman Sugars Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:15%
3 Years:12%
TTM:-12%
Compounded Profit Growth
10 Years:17%
5 Years:15%
3 Years:19%
TTM:6%
Stock Price CAGR
10 Years:13%
5 Years:19%
3 Years:23%
1 Year:19%
Return on Equity
10 Years:7%
5 Years:8%
3 Years:8%
Last Year:9%

Last Updated: July 17, 2024, 5:55 pm

Bannari Amman Sugars Ltd Balance Sheet

Last Updated: July 10, 2024, 3:31 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111313131313131313
Reserves8049319439409201,0551,1231,1831,2621,3441,4111,5391,587
Borrowings4954581,0521,2211,5341,038508769996872961581374
Other Liabilities252315274232355297143237164163184226262
Total Liabilities1,5631,7152,2812,4052,8212,4021,7862,2022,4342,3902,5692,3592,235
Fixed Assets6866696329171,1381,1031,0821,0261,0049541,0491,0791,061
CWIP233326822153442490145612264
Investments1000121111123
Other Assets8531,0131,3811,4661,6671,2636991,1511,3401,2911,4581,2571,107
Total Assets1,5631,7152,2812,4052,8212,4021,7862,2022,4342,3902,5692,3592,235

Bannari Amman Sugars Ltd Reserves and Borrowings Chart

Bannari Amman Sugars Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 158-25520178645588-192-5723633502274
Cash from Investing Activity -57-253-74-275-52-16-27-106-61-75-57-130
Cash from Financing Activity -10350961107-604-579219167-17942-443-144
Net Cash Flow-10710-11-604-5-031

Bannari Amman Sugars Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days292723163324174243386320
Inventory Days3203481,542757485296188529330339255205
Days Payable486097395027289521202217
Cash Conversion Cycle3013151,468734468293176476352356296209
Working Capital Days165178602465278164114274255260234146
ROCE %13%17%6%4%6%12%8%7%8%7%7%12%

Bannari Amman Sugars Ltd Financial Efficiency Indicators Chart

Bannari Amman Sugars Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters58.70%58.70%58.70%58.70%58.70%58.69%58.69%58.69%58.69%58.69%58.69%58.69%
FIIs0.15%0.17%0.21%0.23%0.26%0.27%0.26%0.26%0.26%0.26%0.26%0.25%
DIIs0.09%0.10%0.09%0.06%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%
Public41.06%41.04%41.00%41.01%41.04%41.04%41.05%41.04%41.04%41.03%41.04%41.04%
No. of Shareholders6,9756,8627,6478,6438,6188,2908,1777,8957,8618,4628,7668,694

Bannari Amman Sugars Ltd Shareholding Pattern Chart

No. of Bannari Amman Sugars Ltd Shareholders

This stock is not held by any mutual fund

Bannari Amman Sugars Ltd ROCE Trend

Bannari Amman Sugars Ltd EPS Trend

Bannari Amman Sugars Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)121.46114.3563.7873.4876.27
Diluted EPS (Rs.)121.46114.3563.7873.4876.27
Cash EPS (Rs.)167.38173.39117.90125.89128.05
Book Value[Excl.RevalReserv]/Share (Rs.)1346.441237.581135.111081.431016.72
Book Value[Incl.RevalReserv]/Share (Rs.)1346.441237.581135.111081.431016.72
Dividend / Share (Rs.)12.5012.5010.0010.0010.00
Revenue From Operations / Share (Rs.)1770.632014.061593.411244.991283.36
PBDIT / Share (Rs.)249.69273.99176.24175.12187.66
PBIT / Share (Rs.)203.76214.95122.13122.71135.87
PBT / Share (Rs.)178.52175.6197.0891.34100.52
Net Profit / Share (Rs.)121.46114.3563.7873.4876.27
PBDIT Margin (%)14.1013.6011.0614.0614.62
PBIT Margin (%)11.5010.677.669.8510.58
PBT Margin (%)10.088.716.097.337.83
Net Profit Margin (%)6.855.674.005.905.94
Return on Networth / Equity (%)9.029.235.616.797.50
Return on Capital Employeed (%)13.7115.099.639.9411.04
Return On Assets (%)6.256.073.113.853.92
Long Term Debt / Equity (X)0.030.100.080.120.19
Total Debt / Equity (X)0.280.370.670.620.76
Asset Turnover Ratio (%)0.921.030.800.640.69
Current Ratio (X)2.092.041.461.491.46
Quick Ratio (X)0.320.330.430.310.38
Inventory Turnover Ratio (X)1.551.721.461.141.16
Dividend Payout Ratio (NP) (%)0.008.7415.6713.6013.11
Dividend Payout Ratio (CP) (%)0.005.768.487.947.80
Earning Retention Ratio (%)0.0091.2684.3386.4086.89
Cash Earning Retention Ratio (%)0.0094.2491.5292.0692.20
Interest Coverage Ratio (X)9.896.977.035.585.31
Interest Coverage Ratio (Post Tax) (X)5.813.913.553.343.16
Enterprise Value (Cr.)3372.023986.564309.942808.962070.43
EV / Net Operating Revenue (X)1.521.582.161.801.29
EV / EBITDA (X)10.7711.6019.5012.798.80
MarketCap / Net Operating Revenue (X)1.301.351.681.260.68
Retention Ratios (%)0.0091.2584.3286.3986.88
Price / BV (X)1.712.202.361.450.86
Price / Net Operating Revenue (X)1.301.351.681.260.68
EarningsYield0.050.040.020.040.08

Bannari Amman Sugars Ltd Profitability Ratios (%)

Bannari Amman Sugars Ltd Liquidity Ratios

Bannari Amman Sugars Ltd Liquidity Ratios (%)

Bannari Amman Sugars Ltd Interest Coverage Ratios (%)

Bannari Amman Sugars Ltd Valuation Ratios

Fair Value

Fair Value: 3,340.56

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.

Undervalued: 4.39% compared to the current price 3200

Intrinsic Value: 3,792.54

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.

Undervalued: 18.52% compared to the current price 3200

Last 5 Year EPS CAGR: 13.53%

*Investments are subject to market risks

Strength and Weakness of Bannari Amman Sugars Ltd Stock

StrengthWeakness
  1. The company has higher reserves (1,193.92 cr) compared to borrowings (873.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (122.62 cr) and profit (122.46 cr) over the years.
  1. The stock has a low average ROCE of 8.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 261.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 331.42, which may not be favorable.

FAQ

What is the latest fair value of Bannari Amman Sugars Ltd?

The latest fair value of Bannari Amman Sugars Ltd is ₹3340.56.

What is the Market Cap of Bannari Amman Sugars Ltd?

The Market Cap of Bannari Amman Sugars Ltd is 4,008 Cr..

What is the current Stock Price of Bannari Amman Sugars Ltd as on 19 July 2024?

The current stock price of Bannari Amman Sugars Ltd as on 19 July 2024 is 3,200.

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

In FY 2024, the High / Low of Bannari Amman Sugars Ltd stocks is 3,490/2,189.

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

The Stock P/E of Bannari Amman Sugars Ltd is 26.3.

What is the Book Value of Bannari Amman Sugars Ltd?

The Book Value of Bannari Amman Sugars Ltd is 1,346.

What is the Dividend Yield of Bannari Amman Sugars Ltd?

The Dividend Yield of Bannari Amman Sugars Ltd is 0.39 %.

What is the ROCE of Bannari Amman Sugars Ltd?

The ROCE of Bannari Amman Sugars Ltd is 11.9 %.

What is the ROE of Bannari Amman Sugars Ltd?

The ROE of Bannari Amman Sugars Ltd is 9.40 %.

What is the Face Value of Bannari Amman Sugars Ltd?

The Face Value of Bannari Amman Sugars Ltd is 10.0.

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 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