Bannari Amman Sugars logo

Bannari Amman Sugars

BANARISUG NSE
₹3,143.50 4.70 (0.15%)
Market Cap
₹3,942 Cr
P/E
32.38

Bannari Amman Sugars (BANARISUG) share price was ₹3,143.50 at the 28 Oct 2026 close; market capitalisation ₹3,942 Cr; P/E (TTM) 32.38; sector Consumer Goods. The share price fell 12.8% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 58.8% year on year to ₹172.4 Cr and net profit was −₹11 Cr, against ₹15 Cr a year earlier (compared with Jun 2025). Promoters held 58.70% of Bannari Amman Sugars in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 50/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹3,143.50 −460.50 −12.78% 1Y

Key Fundamentals

MicrocapConsumer GoodsFMCG
Market Cap
₹3,942 Cr
P/E (TTM)
32.38
EBITDA
₹241 Cr
Return on Equity
7.73%
Debt to Equity
0
Book Value
₹1,525.87
EPS (TTM)
₹97.09
52W High
₹4,338.00
52W Low
₹3,116.20

Price-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Standalone · TTM

Peer Comparison

Fast Moving Consumer Goods › Consumer Goods › Sugar

Balrampur Chini Mills
₹633.2034.6413,398 Cr2.920.55%9.15%11.80%6,444 Cr371 Cr
Triveni Engineering & Industries
₹224.9917.934,958 Cr1.481.21%8.04%11.91%6,275 Cr270 Cr
Bajaj Hindusthan Sugar
₹17.8299.004,260 Cr4.460.00%3.31%1.93%5,353 Cr116 Cr
Bannari Amman Sugars (this company)
₹3,143.5032.383,942 Cr2.060.40%7.73%8.78%1,716 Cr122 Cr
Shree Renuka Sugars
₹18.33—3,902 Cr—0.00%29.60%-16.88%9,409 Cr-780 Cr
Dalmia Bharat Sugar & Industries
₹406.5015.883,290 Cr1.011.46%7.28%9.59%3,636 Cr207 Cr
Avadh Sugar & Energy
₹824.6025.031,651 Cr1.471.23%5.10%10.35%2,764 Cr66 Cr
Median 7 companies₹406.5028.713,942 Cr1.770.55%7.73%9.59%5,353 Cr122 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

As of 2026-10-28
v2.0.0
50 Average
Overall score
Data confidence 100/100

Category scores

Quality Good 66
Returns, margins, earnings quality 22%
Valuation Weak 41
Cheap vs sector & own history 24%
Growth Poor 14
Sales & profit trajectory 9%
Financial Health Strong 91
Solvency, leverage, coverage 9%
Momentum Poor 22
Trend strength, vol-adjusted 12%
Ownership Average 50
FII/DII/promoter flows 24%

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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

Technical Indicators

Oscillators

BearishNeutralBullish

Bullish

Bearish
2
Neutral
4
Bullish
3

Overall

BearishNeutralBullish

Bearish

Bearish
12
Neutral
4
Bullish
3

Moving Averages

BearishNeutralBullish

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
7.72% higher than 3Y

change over 1 year

Net Income Growth
41.26% higher than 3Y

change over 1 year

Cash Flow Change
19.71%

change over 1 year

EBITDA Margin Change
-5.54%

change over 1 year Operating margin -3% · Jun 2026

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
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

114d 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 (₹)
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 (₹)
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

Log in to view Bannari Amman Sugars insights

65 extracted metrics + investor summaries across FY11–FY27.

Shareholding Pattern

FIIs0.27%Promot.58.70%Others19.12%Public21.92%As ofSep 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 ₹3,942 Cr as of 28 Oct 2026, 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 32.38 as of 28 Oct 2026, on earnings per share of ₹97.09, 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 ₹3,116.2 and ₹4,338 as of 28 Oct 2026.
Does Bannari Amman Sugars Ltd pay dividends?
Bannari Amman Sugars Ltd has a dividend yield of 0.40%.
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
Shares Outstanding 1,25,39,700

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