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Swing Capital

Bannari Amman Spinning Mills Ltd

NSE: BASML BSE: 532674Energy

Incorporated in 1989, Bannari Amman Spinning Mills Ltd is a manufacturer of cotton yarn, knitted & woven fabrics, processing of fabrics, finished garments, home textiles and wind power generation[1]

₹23.5
52W: ₹17 — ₹38.2
PE 10.4 · Book ₹59.7 · -61% vs book
Market Cap₹188 Cr
Stock P/E10.4Price to Earnings
ROCE4.79%Return on Capital
ROE9.24%Return on Equity
Div. Yield0%Face Value ₹5

Strengths

  • +Stock is trading at 0.40 times its book value

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of -0.83% over past five years.
  • −Company has a low return on equity of -2.01% over last 3 years.
  • −Promoter holding has decreased over last 3 years: -5.78%

Shareholding Pattern

Promoters49.55%
FIIs0.14%
DIIs0%
Public50.31%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters55.33%55.33%55.33%55.33%49.55%▼5.849.55%49.55%49.55%
FIIs0.01%0.01%0.01%0.28%▲0.30%▼0.30.19%▲0.20.14%▼0.00.14%
DIIs0%0%0%0%0%0%0%0%
Public44.66%44.65%▼0.044.65%44.39%▼0.350.44%▲6.050.26%▼0.250.31%▲0.150.31%

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales283.24197.84248.25215.86232.87213.11225.52217.39228.32203.9
Expenses274.49181.5257.04212.51212.96192.85204.44194.55205.78183.8
Operating Profit8.7516.34-8.793.3519.9120.2621.0822.8422.5420.1
OPM %3.09%8.26%-3.54%1.55%8.55%9.51%9.35%10.51%9.87%9.86%
Net Profit-4.31-3.64-12.1632.31.561.11.915.036.022.73
EPS ₹-0.54-0.46-1.524.040.20.140.240.630.750.34

AI Insights

Revenue Trend

TTM revenue at ₹875Cr, down 1.4% YoY. OPM at 10%.

Debt Position

Borrowings at ₹449Cr. Debt-to-equity ratio: 1.03x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹62Cr (13% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0.14% (+0.06pp change). Promoters hold 49.55%.

Margin & Efficiency

ROCE declining from 13% (Mar 2014) to 5% (Mar 2025). Working capital days: 1.

Valuation

PE 10.4x with 4.79% ROCE. Price is -61% above book value of ₹59.7. Dividend yield: 0%.

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