Bannari Amman Sugars Share Price & Earnings Call Analysis

₹3,435.80+8.74% today
Market cap
₹4,308 Cr
P/E
35.38
ROE
7.57%
PEG
-42.13
Price to sales
2.58
Debt to equity
0.00
52W high / low
₹4,241 / ₹3,100
Sales growth (5Y)
4.17%
EBITDA margin
9.34%
Net profit margin
7.29%
Promoter holding
58.69%
Sales (last year)
₹1,671 Cr

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]

Potential multibaggers · Q2 FY27

Potential multibaggers in Agricultural Food & other Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Agricultural Food & other Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹890 Cr13.7
240%+Up 0–2%₹125 Cr6.8
340%+Flat₹22 Cr9.0
420–40%Up 2%+₹221 Cr15.1
520–40%Up 2%+₹185 Cr17.4
620–40%Up 0–2%₹2,130 Cr27.1

Financials of Bannari Amman Sugars

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Bannari Amman Sugars

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +656431600768421404474421494419572644282
Expenses +553387508649370375406360441382497561279
Operating Profit103449211951296761533775834
OPM %16%10%15%16%12%7%14%15%11%9%13%13%1%
Other Income +212221212147527
Interest101077862431000
Depreciation18141414151414141615151515
Profit before tax762073100311053455524667315
Tax %35%33%33%32%30%35%35%35%36%37%35%33%-179%
Net Profit +5014496822634293515434842
EPS in Rs39.8110.8438.9254.2817.415.1327.3322.9828.0412.1634.0538.5933.16

Financials of Bannari Amman Sugars

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +9301,4561,7521,4811,1251,6091,5631,9982,5262,2201,7931,917
Expenses +8021,2511,4041,2709431,3781,3521,7802,2211,9141,5831,719
Operating Profit128204348211182231211218304306210198
OPM %14%14%20%14%16%14%13%11%12%14%12%10%
Other Income +1636584933972643
Interest931169734304439324932162
Depreciation516269706765666874585961
Profit before tax03018711293126115122220224162177
Tax %-209%-7%22%22%18%24%20%34%35%32%35%17%
Net Profit +1321458776969280143152105148
EPS in Rs0.9027.73115.7769.5960.5676.2773.4863.78114.35121.4583.47117.96
Dividend Payout %278%27%11%14%17%13%14%16%11%10%15%0%

Financials of Bannari Amman Sugars

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111113131313131313131313
Reserves9409201,0551,1231,1831,2621,3441,4111,5391,6761,7661,901
Borrowings +1,2211,5341,0385087699968729615814861509
Other Liabilities +232355297143237164163184226260297235
Total Liabilities2,4052,8212,4021,7862,2022,4342,3902,5692,3592,4352,2262,157
Fixed Assets +9171,1381,1031,0821,0261,0049541,0491,0781,0711,1891,145
CWIP22153442490145612211211106
Investments01211111234263
Other Assets +1,4661,6671,2636991,1511,3401,2911,4581,2571,2491,022643
Total Assets2,4052,8212,4021,7862,2022,4342,3902,5692,3592,4352,2262,157

Financials of Bannari Amman Sugars

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +20178645588-192-5723633502274430
Cash from Investing Activity +-74-275-52-16-27-106-61-75-57-130-65
Cash from Financing Activity +61107-604-579219167-17942-443-144-369
Net Cash Flow710-11-604-5-031-5
Free Cash Flow-68-98591570-222-164173-45438135355
CFO/OP16%85%198%289%-96%-16%120%26%180%104%218%

Financials of Bannari Amman Sugars

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days16332417424338632022146
Inventory Days757485296188529330339255205247277140
Days Payable39502728952120221719279
Cash Conversion Cycle734468293176476352356296209249263137
Working Capital Days10998687111591968185101142144
ROCE %4%6%12%8%7%8%7%7%12%12%9%9%
21out of 100

Momentum score · price trend

21 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−12.2%45%
Last 6 months−12.3%35%
Last 3 months−9.4%47%

The price is 26.7% below its all-time high of ₹4,307.8 (23 May 2025). Stocks more than 20% below their peak have their score halved, so 41 became 21.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Bannari Amman Sugars: 0.4 × 45 + 0.4 × 35 + 0.2 × 47 = 41, halved to 21 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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