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Swing Capital

Bannari Amman Sugars Ltd

NSE: BANARISUG BSE: 500041

Bannari Amman Sugars Limited is one of the leading sugar manufacturers in India. It has three sugar factories with cogeneration plants in Tamilnadu and two sugar factories with co-generation plants in Karnataka. It has two distillery units one in Tamilnadu and another in Karnataka. It has a Granite Processing unit in Tamilnadu. The company also has windmills which are located in the southern part of Tamilnadu. [1]

₹3,586
52W: ₹2915 — ₹4675
PE 31.8 · Book ₹1453 · +147% vs book
Market Cap₹4,497 Cr
Stock P/E31.8Price to Earnings
ROCE8.68%Return on Capital
ROE6.04%Return on Equity
Div. Yield0.35%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company is expected to give good quarter

Weaknesses

  • −The company has delivered a poor sales growth of 2.19% over past five years.
  • −Company has a low return on equity of 8.26% over last 3 years.
  • −Dividend payout has been low at 12.1% of profits over last 3 years

Shareholding Pattern

Promoters58.69%
FIIs0.27%
DIIs0%
Public41.04%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%
FIIs0.25%0.27%▲0.00.27%0.27%0.28%▲0.00.27%▼0.00.27%0.27%
DIIs0%0%0%0%0%0%0%0%
Public41.05%41.04%▼0.041.03%▼0.041.04%▲0.041.01%▼0.041.02%▲0.041.03%▲0.041.04%▲0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales600768421404474421494419572644
Expenses508649370375406360441382497561
Operating Profit921195129676153377583
OPM %15%16%12%7%14%15%11%9%13%13%
Net Profit4968226342935154348
EPS ₹38.9254.2817.415.1327.3322.9828.0412.1634.0538.59

AI Insights

Revenue Trend

TTM revenue at ₹2,128Cr, up 18.7% YoY. OPM at 12%.

Debt Position

Borrowings at ₹19Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.

Capex Cycle

CWIP at ₹16Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0.27% (+0.01pp change). Promoters hold 58.69%.

Margin & Efficiency

ROCE improving from 6% (Mar 2014) to 9% (Mar 2025). Working capital days: 142.

Valuation

PE 31.8x with 8.68% ROCE. Price is 147% above book value of ₹1,453. Dividend yield: 0.35%.

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