Bannari Amman Sugars logo

Bannari Amman Sugars

BANARISUG NSE

Key Fundamentals

MicrocapSugarConsumer Goods
Market Cap
₹4,418 Cr
Volatility
Moderate
P/E Ratio
36.23
EBITDA
₹241 Cr
Return on Equity
7.73%
Debt to Equity
0
Book Value
₹1,525.87
EPS
₹115.74
52W High
₹4,338
52W Low
₹3,105.2

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company has reduced debt.
  • Company is almost debt free.

Weaknesses

3
  • The company has delivered a poor sales growth of 4.17% over past five years.
  • Company has a low return on equity of 7.51% over last 3 years.
  • Dividend payout has been low at 12.0% of profits over last 3 years

Growth Rate

Revenue Growth
7.72% higher than 3Y
Net Income Growth
41.26% higher than 3Y
Cash Flow Change
19.71% lower than 3Y
ROE
31.46% higher than 3Y
ROCE
-5.08% higher than 3Y
EBITDA Margin (Avg.)
-5.54% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk medium

Bannari Amman Sugars Ltd is a nearly debt-free sugar company with a market cap of Rs 4,358 crore, trading at a PE of 30x. The company shows inconsistent sales growth (5-year CAGR of 4%) but has delivered strong recent profit growth (TTM 41%), while maintaining a modest ROE of around 8%.

Bull Case 7
  • Company is almost debt-free, having significantly reduced its leverage, which strengthens the balance sheet and lowers financial risk
  • TTM compounded profit growth of 41% indicates a strong earnings recovery in the most recent period
  • 5-year compounded profit CAGR of 11% demonstrates consistent medium-term earnings growth
  • 10-year compounded profit CAGR of 17% shows the company has delivered solid long-term earnings compounding
  • 5-year stock price CAGR of 15% indicates meaningful wealth creation for medium-term shareholders
  • Price-to-book ratio of 2.32x is reasonable for a debt-free FMCG-adjacent company, suggesting the stock is not excessively priced on asset basis
  • TTM sales growth of 7% shows a recovery from the 3-year negative sales CAGR of -9%, suggesting a revenue turnaround is underway
Bear Case 8
  • 5-year compounded sales growth of only 4.17% reflects poor top-line expansion, raising concerns about demand or pricing power
  • 3-year compounded sales CAGR of -9% indicates revenue actually declined over the recent 3-year window
  • Return on equity of 7.77% over last 3 years (and 8% across multiple periods) is low, suggesting the company does not generate strong returns on shareholder capital
  • PE ratio of 30x is elevated relative to the modest 8% ROE and 4% 5-year sales growth, implying the stock may be pricing in growth that has not materialized consistently
  • Dividend payout of only 12% of profits over the last 3 years with a yield of 0.36% offers minimal income to shareholders
  • 1-year stock price CAGR of -11% indicates recent underperformance and negative momentum
  • 10-year sales CAGR of just 3% demonstrates structurally slow revenue growth over a full business cycle
  • 3-year compounded profit CAGR of only 1% suggests that outside the recent TTM spike, earnings growth has been stagnant

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Headwinds 1
  • Rs 12.72 cr recovery notice Jul 2

    District Collector Erode initiated recovery of Rs 12.72 crore under the Revenue Recovery Act for tax dues. The company plans to challenge the notice legally.

Neutral 1
  • Cybersecurity incident resolved quickly Jun 29

    A cybersecurity incident occurred on June 27 at the Tamil Nadu distillery unit but was resolved promptly with no operational disruption or impact on business continuity.

TL;DR: Bannari Amman Sugars faces a Rs 12.72 crore tax recovery notice from Erode district authorities, which adds a near-term financial and legal overhang. On the operational front, a cybersecurity incident at its distillery unit was contained without disruption, indicating adequate incident response. The risk profile has slightly deteriorated due to the revenue recovery proceedings, though the company's intent to legally challenge may limit eventual impact.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
431
600
768
421
404
474
421
494
419
572
644
282
172
Expenses
387
508
649
370
375
406
360
441
382
497
561
279
178
Operating Profit
44
92
119
51
29
67
61
53
37
75
83
4
-5
OPM %
10%
15%
16%
12%
7%
14%
15%
11%
9%
13%
13%
1.3%
-3%
Other Income
1
2
2
2
1
2
1
21
4
7
5
27
6
Interest
10
7
7
8
6
2
4
3
1
0
0
0
0
Depreciation
14
14
14
15
14
14
14
16
15
15
15
15
15
PBT
20
73
100
31
10
53
45
55
24
66
73
15
-14
Tax %
33%
33%
32%
30%
35%
35%
35%
36%
37%
35%
33%
-179%
-25%
Net Profit
14
49
68
22
6
34
29
35
15
43
48
42
-11
EPS in Rs
10.84
38.92
54.28
17.41
5.13
27.33
22.98
28.04
12.16
34.05
38.59
33.16
-8.71
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
930
1,456
1,752
1,481
1,125
1,609
1,563
1,998
2,526
2,220
1,793
1,917
1,670
Expenses
802
1,251
1,404
1,270
943
1,378
1,352
1,780
2,221
1,914
1,583
1,719
1,514
Operating Profit
128
204
348
211
182
231
211
218
304
306
210
198
156
OPM %
14%
14%
20%
14%
16%
14%
13%
11%
12%
14%
12%
10%
9%
Other Income
16
3
6
5
8
4
9
3
39
7
26
43
45
Interest
93
116
97
34
30
44
39
32
49
32
16
2
1
Depreciation
51
62
69
70
67
65
66
68
74
58
59
61
61
PBT
0
30
187
112
93
126
115
122
220
224
162
177
139
Tax %
-209%
-7%
22%
22%
18%
24%
20%
34%
35%
32%
35%
17%
—
Net Profit
1
32
145
87
76
96
92
80
143
152
105
148
122
EPS in Rs
0.9
27.73
116
69.59
60.56
76.27
73.48
63.78
114
121
83.47
118
97.09
Div. Payout %
278%
27%
11%
14%
17%
13%
14%
16%
11%
10%
15%
11%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
11
11
13
13
13
13
13
13
13
13
13
13
Reserves
940
920
1,055
1,123
1,183
1,262
1,344
1,411
1,539
1,676
1,766
1,901
Borrowings
1,221
1,534
1,038
508
769
996
872
961
581
486
150
9
Other Liabilities
232
355
297
143
237
164
163
184
226
260
297
235
Total Liabilities
2,405
2,821
2,402
1,786
2,202
2,434
2,390
2,569
2,359
2,435
2,226
2,157
Fixed Assets
917
1,138
1,103
1,082
1,026
1,004
954
1,049
1,078
1,071
1,189
1,145
CWIP
22
15
34
4
24
90
145
61
22
112
11
106
Investments
0
1
2
1
1
1
1
1
2
3
4
263
Other Assets
1,466
1,667
1,263
699
1,151
1,340
1,291
1,458
1,257
1,249
1,022
643
Total Assets
2,405
2,821
2,402
1,786
2,202
2,434
2,390
2,569
2,359
2,435
2,226
2,157
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
20
178
645
588
-192
-57
236
33
502
274
430
514
Investing
-74
-275
-52
-16
-27
-106
-61
-75
-57
-130
-65
-342
Financing
61
107
-604
-579
219
167
-179
42
-443
-144
-369
-161
Net Cash Flow
7
10
-11
-6
0
4
-5
0
3
1
-5
12
Free Cash Flow
-68
-98
591
570
-222
-164
173
-45
438
135
355
405
CFO/OP
16
85
198
289
-96
-16
120
26
180
104
218
279
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
16
33
24
17
42
43
38
63
20
22
14
6
Inventory Days
757
485
296
188
529
330
339
255
205
247
277
142
Days Payable
39
50
27
28
95
21
20
22
17
19
27
9
Cash Conversion Cycle
734
468
293
176
476
352
356
296
209
249
263
138
Working Capital Days
109
98
68
71
115
91
96
81
85
101
142
94
ROCE %
4%
6%
12%
8%
7%
8%
7%
7%
12%
12%
9%
9%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

FIIs0.27%Promot.58.70%Others19.10%Public21.94%As ofJun 2026

Documents

Frequently Asked Questions about Bannari Amman Sugars

What does Bannari Amman Sugars Ltd do?
Bannari Amman Sugars is an integrated South Indian sugar and bio-energy producer operating five sugar mills in Tamil Nadu and Karnataka, with bagasse cogeneration, two molasses-based distilleries, seven windmills, agri-natural fertiliser/biocompost and a scaled-down granite operation. Capacity co...
Where is Bannari Amman Sugars Ltd (BANARISUG) listed?
Bannari Amman Sugars Ltd trades as BANARISUG on the NSE and under code 500041 on the BSE.
Which sector does Bannari Amman Sugars Ltd belong to?
Bannari Amman Sugars Ltd is classified under the Consumer Goods sector, in the Sugar industry.
What is the market capitalisation of Bannari Amman Sugars Ltd?
Bannari Amman Sugars Ltd has a market capitalisation of ₹4,418 Cr, which places it in the Small Cap band.
What is the PE ratio of Bannari Amman Sugars Ltd?
Bannari Amman Sugars Ltd trades at a PE ratio of 36.23, on earnings per share of ₹115.74, against a book value of ₹1,525.87 per share.
What is the 52-week high and low of Bannari Amman Sugars Ltd?
Over the last 52 weeks Bannari Amman Sugars Ltd has traded between ₹3,105.2 and ₹4,338.
Does Bannari Amman Sugars Ltd pay dividends?
Bannari Amman Sugars Ltd has a dividend yield of 0.35%.
What is the Return on Equity (ROE) of Bannari Amman Sugars Ltd?
Bannari Amman Sugars Ltd reported a return on equity of 7.73%. Its debt-to-equity ratio is 0.00.

Company Information

Bannari Amman Sugars is an integrated South Indian sugar and bio-energy producer operating five sugar mills in Tamil Nadu and Karnataka, with bagasse cogeneration, two molasses-based distilleries, seven windmills, agri-natural fertiliser/biocompost and a scaled-down granite operation. Capacity comprises 23,700 TCD sugarcane crushing, 217.5 KLPD distillery, 129.8 MW cogeneration and 8.75 MW wind power. [1][2]

Website bannari.com
CEO Dr. S. V. Balasubramaniam ACA, ACS, B.Com.
Employees 2,464
Listed 2003-05-28
Face Value ₹ 10
Issued Size 1,25,39,700

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