Bannari Amman Sugars Limited

NSE: BANARISUGSugar

Share price

₹3,300.00

-2.23% close of 8 Oct 2026

Market cap ₹4,290 CrP/E 35.2

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 8 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹4,290 Cr

P/E ratio

35.2

P/B ratio

2.2

ROCE

8.8%

ROE

8.0%

Dividend yield

0.4%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹4,240.7052-week low ₹3,267.20

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales fell 7.6% over the past year. Meanwhile what it keeps of every 100 rupees of sales slipped from 11.0% to 6.1% over the last four years.

Whether it grew faster than its sector

It grew 6.4% a year against a sector median of 9.9% — 3.5 percentage points slower.

Room to re-rate, or risk of de-rating

At 35.2× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 28.3×, across 4 companies. It is against its own five-year median of 34.6×, the 52nd percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

	Profit growth	Price per ₹1 profit	Per 1% growth
Bannari Amman Sugars Limited — this one	-2%/yr	35.2×	—
Balrampur Chini Mills Limited	10%/yr	37.2×	₹3.7
Triveni Engineering & Industries Limited	-19%/yr	20.0×	—
Bajaj Hindusthan Sugar Limited	45%/yr	36.5×	₹0.81
Shree Renuka Sugars Limited	—	—	—
Dalmia Bharat Sugar and Industries Limited	-2%/yr	16.7×	—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Sugar), it ranks 8 of 26 on returns, 11 of 25 on growth, 7 of 26 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 8.8% on capital, ahead of 69% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1753 crore of cash from the business, spent ₹465 crore on plant and equipment, and returned ₹1075 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 274 arrived as cash — well above the profit, more than depreciation and interest account for, so do not count on it repeating. Its cash comes back more slowly than it used to: it went from being waiting 81 days for its cash to waiting 94 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 14 Aug 2026 · Standalone · Unaudited

Revenue

₹172 Cr

Revenue vs last year

-58.8%

Revenue vs last quarter

-38.8%

Net profit

-₹11 Cr

Profit vs last year

-172.8%

Profit vs last quarter

-126.0%

Net margin

-6.3%

EPS

₹-8.70

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap: ₹4,290 Cr
Prev close: ₹3,300.00
52w High: ₹4,338
52w Low: ₹3,197
Enterprise value: ₹4,168 Cr
Beta: 0.3
Price CAGR 1y: 2.0%
Price CAGR 3y: 9.0%
Price CAGR 5y: 8.0%
Price CAGR 10y: 5.0%

Ratios

Return on assets: 6.9%
PEG ratio: -17.1
P/E ratio: 35.2
P/B ratio: 2.2
EV / EBITDA: 21.1
Industry P/E: 16.9
ROCE: 8.8%
ROCE 5y average: 9.8%
ROE: 8.0%
Debt / Equity: 0.0
Interest coverage: 89.5
Dividend yield: 0.4%
ROE 3y average: 8.0%
ROE last year: 7.0%

Annual P&L

Annual revenue: ₹1,917 Cr
Annual profit: ₹148 Cr
Operating margin: 10.0%
Net profit margin: 7.7%
EBITDA margin: 10.3%
Sales growth 3y: -8.8%
Sales growth 5y: 4.2%
Profit growth 3y: -2.0%
Profit growth 5y: 8.0%
EPS: ₹118
Sales growth TTM: -8.0%
Profit growth TTM: 7.0%
Dividend payout: 11.0%

Quarter P&L

Sales latest quarter: ₹172 Cr
Profit latest quarter: -₹11 Cr
YoY quarterly sales growth: -58.8%
YoY quarterly profit growth: -173.3%
OPM latest quarter: -3.0%

Balance Sheet

Book Value: ₹1,472
Face Value: ₹10.0
Total debt: ₹9 Cr
Total cash: ₹14 Cr
Borrowings: ₹9 Cr
Reserves / Equity: 146.2

Cash Flow

Operating cash flow: ₹514 Cr
Free cash flow: ₹405 Cr
FCF yield: 9.4%
Net cash flow: ₹12 Cr

Shareholding

Promoter holding: 58.7%
FII holding: 0.3%
DII holding: —
Public holding: 41.0%

Peer comparison

Company	Price ₹	P/E	Mkt cap ₹ Cr	Div yield %	Profit qtr ₹ Cr	Profit var %	Sales qtr ₹ Cr	Sales var %	ROCE %
Balrampur Chini	706.60	40.3	14,957	0.50	44.2	-14.4	1,636.8	6.1	9.3
Triven.Engg.Ind.	245.13	20.6	5,399	1.12	3.7	155.1	1,580.5	2.1	9.0
Bajaj Hindusthan	21.05	38.8	5,032	0.00	-184.8	-6.4	1,126.0	-9.8	3.1
Sh.Renuka Sugar	22.78		4,853	0.00	-251.5	4.5	2,120.2	5.5	-3.1
Bannari Amm.Sug.	3,375.30	34.9	4,255	0.37	-10.9	-171.6	172.5	-58.8	8.8
Dalmia Bharat	447.65	17.6	3,617	1.34	6.9	-80.3	848.2	-9.8	8.2
Avadh Sugar	937.55	27.9	1,878	1.07	0.2	102.7	779.3	8.7	6.8
Median	94.81	17.6	474	0.09	0.3	-23.7	302.1	2.9	7.5

Competes with: Avadh Sugar & Energy Limited, Bajaj Hindusthan Sugar Limited, Balrampur Chini Mills Limited, DCM Shriram Industries Limited, Dalmia Bharat Sugar and Industries Limited, Dhampur Bio Organics Limited, Dhampur Sugar Mills Limited, Dollex Agrotech Limited, Dwarikesh Sugar Industries Limited, K.M.Sugar Mills Limited, KCP Sugar and Industries Corporation Limited, Kothari Sugars And Chemicals Limited, Magadh Sugar & Energy Limited, Mawana Sugars Limited, Ponni Sugars (Erode) Limited, Prudential Sugar Corporation Limited, Rajshree Sugars & Chemicals Limited, Rana Sugars Limited, Sakthi Sugars Limited, Shree Renuka Sugars Limited, The Ugar Sugar Works Limited, Triveni Engineering & Industries Limited, Uttam Sugar Mills Limited, Vishwaraj Sugar Industries Limited, ZUARI INDUSTRIES LIMITED

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026

Line item	Jun 2023	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	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
Material Cost								290	40	532	224	173	2.86
Change in Inventories								25	250	-143	249	-10	110
Purchases of Stock-in-Trade								0.29	0.52	0.68	0.75	0.54	0.50
Employee Cost								39	38	40	37	37	38
Other Expenses								87	53	67	51	79	26
Operating Profit	44	92	119	51	29	67	61	53	37	75	83	4	-5
OPM %	10	15	16	12	7.20	14	15	11	8.73	13	13	1.30	-3
Other Income	1	2	2	2	1	2	1	21	4	7	5	27	6
Exceptional items (within Other Income)								0	0	0	0	0	0
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
Profit before tax	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	11	39	54	17	5.13	27	23	28	12	34	39	33	-8.71
Diluted EPS in Rs								28	12	34	39	33	-8.70

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
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
Material Cost											1,053	969
Change in Inventories											125	346
Purchases of Stock-in-Trade											1.94	2.49
Employee Cost											148	151
Other Expenses											254	251
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
Exceptional items (within Other Income)											0	0
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
Profit before tax	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	0.90	28	116	70	61	76	73	64	114	121	83	118	97
Diluted EPS in Rs											83	118
Dividend Payout %	278	27	11	14	17	13	14	16	11	10	15	11

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years: 3%
5 years: 4%
3 years: -9%
TTM: -8%

Compounded profit growth

10 years: 16%
5 years: 8%
3 years: -2%
TTM: 7%

Stock price CAGR

10 years: 5%
5 years: 8%
3 years: 9%
1 year: 2%

Return on equity

10 years: 8%
5 years: 8%
3 years: 8%
Last year: 7%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 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

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	20	178	645	588	-192	-57	236	33	502	274	430	514
Cash from Investing Activity	-74	-275	-52	-16	-27	-106	-61	-75	-57	-130	-65	-342
Cash from Financing Activity	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

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 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

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026

Line 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
Promoters	59	59	59	59	59	59	59	59	59	59	59	59
FIIs	0.26	0.26	0.25	0.25	0.27	0.27	0.27	0.28	0.27	0.27	0.27	0.27
Public	41	41	41	41	41	41	41	41	41	41	41	41
No. of Shareholders	8,462	8,766	8,694	8,662	8,718	8,297	7,816	7,763	7,535	6,670	6,358	6,366

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +0.9% (₹3,269.70 → ₹3,300.00)Brick size ₹106.61 (fixed)Bricks 19

Price moved up one brickPrice moved down one brickLast close ₹3,300.00 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2025-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-09-30

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-09-30

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-09-30

FY revenue / permanent employees + workers, same basis (calc)

96,76,931inr

2026-03-31

News

News and filings about Bannari Amman Sugars Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Uses as raw material

molasses (feedstock for distillery)
packing materials
sugarcane bagasse (cogeneration fuel)
sugarcane from Cauvery/Bhavani river basin farmers (Tamil Nadu) and Karnataka

Depends on the price of

sugar
sugarcane

Sells to

Bharat Petroleum Corporation · fuel-grade ethanol under EBP
Hindustan Petroleum Corporation Limited · fuel-grade ethanol under EBP
Indian Oil Corporation · fuel-grade ethanol from molasses/cane juice under Ethanol Blending Programme (EBP)

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector: Fast Moving Consumer Goods
Industry: Sugar
Classification: Fast Moving Consumer Goods › Sugar
ISIN: INE459A01010

Business segments

SUGAR · 76%
POWER · 12%
DISTILLERY · 11%
GRANITE PRODUCTS · 1%

Plants

Distillery Unit I · Sinnapuliyur / Bhavani, Tamil Nadu
Distillery Unit II · Nanjangud, Karnataka
Granite Division · Sathyamangalam / Alathukombai, Tamil Nadu
Sugar Unit I · Sathyamangalam / Alathukombai, Tamil Nadu
Sugar Unit II · Nanjangud / Alaganchi, Karnataka
Sugar Unit III · Kunthur / Kollegal, Karnataka
Sugar Unit IV · Kolundampattu / Thandarampattu, Tamil Nadu
Sugar Unit V · Vengur / Tirukoilur, Tamil Nadu

News impact

Big market events that reach Bannari Amman Sugars Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

16 Sep 2026	unspecified	₹12.5
22 Aug 2025	unspecified	₹12.5
13 Sep 2024	unspecified	₹12.5
28 Aug 2023	unspecified	₹12.5
1 Sep 2022	unspecified	₹10
1 Sep 2021	unspecified	₹10
25 Aug 2020	unspecified	₹10
4 Sep 2019	unspecified	₹10

Splits, bonuses & buybacks

daily-prices repair: 8 rows from NSE's archive (replace 1, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Annual report · 2025-2622 Aug 2026
Annual report · 2024-2528 Jul 2025

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.