---
title: "Bannari Amman Sugars Ltd (BANARISUG) — Share Price, Financials & Analysis"
symbol: "BANARISUG"
company: "Bannari Amman Sugars Ltd"
canonical: "https://tapetide.com/stocks/BANARISUG"
isin: "INE459A01010"
nse_symbol: "BANARISUG"
bse_code: "500041"
sector: "Consumer Goods"
industry: "Sugar"
market_cap_cr: 4417.74
generated_at: "2026-09-13T20:00:04.711Z"
---

# Bannari Amman Sugars Ltd (BANARISUG)

Canonical page: https://tapetide.com/stocks/BANARISUG

## Company

- **NSE Symbol:** BANARISUG
- **BSE Code:** 500041
- **ISIN:** INE459A01010
- **Sector:** Consumer Goods
- **Industry:** Sugar
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2003-05-28
- **CEO:** Dr. S. V. Balasubramaniam ACA, ACS, B.Com.
- **Employees:** 2464
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** bannari.com

## About

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]

## Latest Price

- **Price:** ₹3517.6
- **Change:** -72.8 (-2.03%)
- **Open:** ₹3588
- **Day High:** ₹3588
- **Day Low:** ₹3475
- **Previous Close:** ₹3590.4
- **Volume:** 1867
- **As Of:** 2026-09-11T10:22:25+00:00

## Key Fundamentals

Observed at 2026-09-11T04:43:00.132513Z.

- **Market Cap:** ₹4417.74 Cr
- **Classification:** Microcap
- **P/E (reported):** 36.8
- **P/E (TTM):** 36.23
- **EPS (TTM):** ₹97.09
- **EPS (reported):** ₹115.74
- **Book Value:** ₹1525.87
- **Price to Book:** 2.34
- **Dividend Yield:** 0.35%
- **ROE:** 7.73%
- **ROCE:** 8.78%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹1959.6 Cr
- **Net Income:** ₹147.9 Cr
- **EBITDA:** ₹240.6 Cr
- **52-Week High:** ₹4338
- **52-Week Low:** ₹3105.2
- **RSI (14):** 43.26

## Tapetide Score

- **Score:** 51 / 100
- **Score date:** 2026-09-04
- **Archetype:** Losing Momentum
- **What it means:** A capable business whose price trend has turned while the multiple is still demanding. Often a re-rating in progress rather than a broken company — watch whether earnings stay resilient.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Falling
- **Percentile:** 52 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 91.52 | 9% |
| growth | 14.2 | 9% |
| momentum | 48.32 | 12% |
| ownership | 50 | 24% |
| quality | 65.11 | 22% |
| valuation | 35.1 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- 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 Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 19.71% | 87.52% | — |
| ebitda margin growth | -97.39% | -5.54% | -12.66% | 11.23% |
| net income growth | -126.2% | 41.26% | -2% | 8% |
| revenue growth | -42.32% | 7.72% | -9% | 4% |
| roce | — | -5.08% | -35.96% | 11.3% |
| roe | — | 31.46% | 7.54% | 37.54% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

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

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1481 | 1125 | 1609 | 1563 | 1998 | 2526 | 2220 | 1793 | 1917 | 1670 |
| Expenses | 1270 | 943 | 1378 | 1352 | 1780 | 2221 | 1914 | 1583 | 1719 | 1514 |
| Operating Profit | 211 | 182 | 231 | 211 | 218 | 304 | 306 | 210 | 198 | 156 |
| OPM % | 14 | 16 | 14 | 13 | 11 | 12 | 14 | 12 | 10 | 9 |
| Other Income | 5 | 8 | 4 | 9 | 3 | 39 | 7 | 26 | 43 | 45 |
| Interest | 34 | 30 | 44 | 39 | 32 | 49 | 32 | 16 | 2 | 1 |
| Depreciation | 70 | 67 | 65 | 66 | 68 | 74 | 58 | 59 | 61 | 61 |
| Profit before tax | 112 | 93 | 126 | 115 | 122 | 220 | 224 | 162 | 177 | 139 |
| Tax % | 22 | 18 | 24 | 20 | 34 | 35 | 32 | 35 | 17 | — |
| Net Profit | 87 | 76 | 96 | 92 | 80 | 143 | 152 | 105 | 148 | 122 |
| EPS in Rs | 69.59 | 60.56 | 76.27 | 73.48 | 63.78 | 114.35 | 121.45 | 83.47 | 117.96 | 97.09 |
| Dividend Payout % | 14 | 17 | 13 | 14 | 16 | 11 | 10 | 15 | 11 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 1055 | 1123 | 1183 | 1262 | 1344 | 1411 | 1539 | 1676 | 1766 | 1901 |
| Borrowings | 1038 | 508 | 769 | 996 | 872 | 961 | 581 | 486 | 150 | 9 |
| Other Liabilities | 297 | 143 | 237 | 164 | 163 | 184 | 226 | 260 | 297 | 235 |
| Total Liabilities | 2402 | 1786 | 2202 | 2434 | 2390 | 2569 | 2359 | 2435 | 2226 | 2157 |
| Fixed Assets | 1103 | 1082 | 1026 | 1004 | 954 | 1049 | 1078 | 1071 | 1189 | 1145 |
| CWIP | 34 | 4 | 24 | 90 | 145 | 61 | 22 | 112 | 11 | 106 |
| Investments | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 263 |
| Other Assets | 1263 | 699 | 1151 | 1340 | 1291 | 1458 | 1257 | 1249 | 1022 | 643 |
| Total Assets | 2402 | 1786 | 2202 | 2434 | 2390 | 2569 | 2359 | 2435 | 2226 | 2157 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 645 | 588 | -192 | -57 | 236 | 33 | 502 | 274 | 430 | 514 |
| Cash from Investing Activity | -52 | -16 | -27 | -106 | -61 | -75 | -57 | -130 | -65 | -342 |
| Cash from Financing Activity | -604 | -579 | 219 | 167 | -179 | 42 | -443 | -144 | -369 | -161 |
| Net Cash Flow | -11 | -6 | 0 | 4 | -5 | 0 | 3 | 1 | -5 | 12 |
| Free Cash Flow | 591 | 570 | -222 | -164 | 173 | -45 | 438 | 135 | 355 | 405 |
| CFO/OP | 198 | 289 | -96 | -16 | 120 | 26 | 180 | 104 | 218 | 279 |

### Ratios

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

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 58.7% | 58.7% | 58.7% | 58.7% | 58.7% | 58.7% | 58.7% | 58.7% | 58.7% | 58.7% | 58.7% | 58.7% |
| FIIs | 0.26% | 0.26% | 0.25% | 0.25% | 0.27% | 0.27% | 0.27% | 0.28% | 0.28% | 0.27% | 0.27% | 0.27% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 23.36% | 23.24% | 23.18% | 23.17% | 23.11% | 22.89% | 22.68% | 22.28% | 22.05% | 21.9% | 21.92% | 21.94% |
| Others | 17.69% | 17.8% | 17.87% | 17.88% | 17.93% | 18.14% | 18.35% | 18.74% | 18.98% | 19.13% | 19.12% | 19.1% |
| No. of Shareholders | 8462 | 8766 | 8694 | 8662 | 8718 | 8297 | 7816 | 7763 | 7535 | 6670 | 6358 | 6366 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 3756.94 | Sell |
| EMA (10) | 3708.46 | Sell |
| SMA (20) | 3795.19 | Sell |
| EMA (20) | 3722.15 | Sell |
| SMA (50) | 3606.71 | Sell |
| EMA (50) | 3659.34 | Sell |
| SMA (100) | 3598.2 | Sell |
| EMA (100) | 3622.79 | Sell |
| SMA (200) | 3602.43 | Sell |
| EMA (200) | 3625.71 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.24 | Neutral |
| MACD (12,26,9) | 10.62 | Sell |
| Stochastic (14,3,3) | 5.9 | Buy |
| ADX (14) | 29.01 | Buy |
| Williams %R (14) | -93.12 | Buy |
| ATR (14) | 141 | High Volatility |
| ROC (12) | -8.58 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 30.88 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-28 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8e90381-867f-40d2-88f2-db4dd95e6e7d.pdf) |
| 2026-08-28 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=26f17fba-7430-4e43-89a0-5fcf9818b9de.pdf) |
| 2026-08-25 | [Record Date For Dividend And E-Voting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d972fea0-c785-4a6d-a789-f70e424d3040.pdf) |
| 2026-08-22 | [Notice Of AGM And Annual Report For The Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e4c3065-8ffe-4f00-b286-430f29e0bade.pdf) |
| 2026-08-22 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1114969-e7e2-425f-bd4b-ff7b43f6fede.pdf) |
| 2026-08-22 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ea85fbbf-c421-4ea0-af5b-4d0907de5589.pdf) |
| 2026-08-22 | [Intimation Under Regulation 3O Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4a99d0d5-1478-496e-8426-efdc02fbccb2.pdf) |
| 2026-08-19 | [Show Cause Notice Received From GST Authority](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4184fad9-e0e6-4bb4-ae33-7411a3e93647.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6125d788-f972-448d-af6a-2065a6c6019c.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4536e2c5-4989-430f-9eb0-3e0e3f5c9eea.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-27 | [AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7d027e84-1b45-443d-a34d-44a3b9e72d18.pdf) |
| 2026-02-06 | [Unaudited Financial Results For The Quarter And Nine Months Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c6e08c6d-4ebf-46b1-ad64-74f0f809de7e.pdf) |
| 2025-11-07 | [Unaudited Financial Results For The Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf10ecb6-371b-4679-b463-95227c9e3982.pdf) |
| 2025-08-06 | [Unaudited Financial Results For The Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6f7fdb47-b0e1-478f-ba29-038aedefa3f1.pdf) |
| 2025-05-28 | [Financial Results For Quarter And Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad37049c-c541-40aa-9f35-3ffca547fc61.pdf) |
| 2025-02-03 | [Unaudited Financial Results For The Quarter And Nine Months Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7feb71a0-4367-47f3-90bd-9bee51728e2a.pdf) |
| 2024-11-14 | [Unaudited Financial Results For Quarter And Half Year Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1d37106-2c9f-47e1-82f4-97d704f1e942.pdf) |
| 2024-08-07 | [Unaudited Financial Results For The Quarter Ended 30Th June 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3aa78ca1-57be-4534-90ed-1f4acb6f5db5.pdf) |
| 2024-05-23 | [Audited Financial Statement For Year Ended 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b5ca6b51-172b-479e-9eb2-8688708aa59c.pdf) |
| 2024-02-12 | [Unaudited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c2545302-57e6-46c7-bb0a-0413cb88d2ea.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31.03.2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31.03.2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/412081f1-bc86-46eb-b48d-d87181b7c77f.pdf) |
| 5 Feb - Interim dividend Rs.2.25/share; record date Feb 9, 2026; TDS deduction instructions to shareholders. | [Communication To Shareholders- Intimation On Tax Deduction On Dividend 5 Feb - Interim dividend Rs.2.25/share; record date Feb 9, 2026; TDS deduction instructions to shareholders.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9eef7b2-99af-4301-b781-544d00cb6193.pdf) |
| 4 Feb - Regarding Newspaper Publication for the financial results of the Company for Q3 & 9M FY 2026. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Feb - Regarding Newspaper Publication for the financial results of the Company for Q3 & 9M FY 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fdd0b6da-ff93-44ba-897c-5c417c4acc91.pdf) |
| 4 Feb - Audio recording uploaded for Q3 and nine-month FY2025-26 earnings conference call held February 4, 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 4 Feb - Audio recording uploaded for Q3 and nine-month FY2025-26 earnings conference call held February 4, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/66bb8c80-bcb7-4b35-bf73-77c3c269a0dd.pdf) |
| 30 Apr - Notice of Special Window for Transfer and Dematerialisation of Physical Shares and Second 100-Days Campaign "Saksham Niveshak" | [Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Apr - Notice of Special Window for Transfer and Dematerialisation of Physical Shares and Second 100-Days Campaign "Saksham Niveshak"](https://www.bseindia.com/xml-data/corpfiling/AttachHis/69fbaaf6-4861-483d-aa24-8a9f90fb7a77.pdf) |
| 30 Apr - Notice of Special Window for Transfer and Dematerialisation of Physical Shares and Second 100-Days Campaign "Saksham Niveshak" | [Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Apr - Notice of Special Window for Transfer and Dematerialisation of Physical Shares and Second 100-Days Campaign "Saksham Niveshak"](https://www.bseindia.com/xml-data/corpfiling/AttachLive/69fbaaf6-4861-483d-aa24-8a9f90fb7a77.pdf) |
| 28 Jan - Board meeting on 6 Feb 2026 to approve unaudited results for quarter and nine months ended 31 Dec 2025. | [Board Meeting Intimation for Unaudited Financial Results For The Quarter And Nine Months Ended 31.12.2025 28 Jan - Board meeting on 6 Feb 2026 to approve unaudited results for quarter and nine months ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4a6d008-d7ab-416c-b8a8-63ae38d5863d.pdf) |
| 25 Feb - Newspaper publication of Postal Ballot notice and other Information | [Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Feb - Newspaper publication of Postal Ballot notice and other Information](https://www.bseindia.com/xml-data/corpfiling/AttachHis/852af64c-5c7d-4978-88d6-a68c5c326c87.pdf) |
| 20 Jan - TNPDCL demand notice Rs.8,69,15,567 received 15-Mar-2025; company disputes calculations, impact pending. | [Demand Notice Received From Tamilnadu Power Disitribution Corporation Limited 20 Jan - TNPDCL demand notice Rs.8,69,15,567 received 15-Mar-2025; company disputes calculations, impact pending.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/da216f5f-fcbc-4c2d-9670-376d3d5fa679.pdf) |
| 17 Apr - M Ponnuswami resigns as Independent Director effective 17 April 2026, citing missed proficiency test. | [Announcement under Regulation 30 (LODR)-Change in Management 17 Apr - M Ponnuswami resigns as Independent Director effective 17 April 2026, citing missed proficiency test.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/60a8d867-d737-4339-b9d2-a0b145bf6220.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2021 | [Concall - Oct 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/167c18bc-0a03-41a4-8f95-3f8efdd136fd.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e284c057-7b7f-4f4c-9bdb-d88807e00402.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c23b999-9367-4620-ba9e-d65a688bbc45.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/abe5b8e1-25cf-4b6c-875c-08da13817dba.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1667d924-f63c-4bf4-879f-d606dd3f148b.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/451310f9-43ce-4284-ba4e-d1f722b35525.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/97ec4c8b-cded-4db4-aeae-994f2ab14ba6.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/00e664a6-91ad-42cf-a877-e796df8d9782.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b080c87-b5f6-47de-911e-f35675281681.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7372147d-d2f1-49fb-a472-7c5f2890464a.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_BANARISUG_2010_2011_09092011122828.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1b75b0c6-8fbe-4ada-a729-2d2447846829.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7a2cc436-ad20-4b37-bf86-9065ac70d5e2.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dd70d44d-08ed-409a-a58f-2d91024e669a.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2b8ae978-b830-4d36-b6aa-77904bb426f7.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e409bc67-feb5-454b-b0d6-2a06494844ee.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20d4e2d9-21ca-4f68-9f76-4b28cc782d2a.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500041/74213500041.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/533655/73996533655.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500041/69321500041.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:00:04.711Z.