Bannari Amman Sugars Ltd
NSE: BANARISUG · Sugar · sector
₹3,213.00NSE close 2026-10-26
Key numbers
Market cap₹4,029 cr
Price₹3,213.00
52w high / low₹4,338 / ₹3,196
P/E33.1xSector median 12.9x
P/B2.1xSector median 0.9x
Book value₹1,525.9
Dividend yield0.39%Sector median 0.91%
ROE6.6%Sector median 6.3%
ROCE7.3%Sector median 6.8%
OPM9.3%Sector median 6.0%
Debt / equity0.00xSector median 0.72x
EV/EBITDA24.1xSector median 11.8x
Interest cover90.3x
Current ratio7.83x
Sales growth 3y-8.8%Sector median -1.4%
Profit growth 3y+1.0%Sector median -11.6%
PEG31.78x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 35 companies in Sugar (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹273 cr vs borrowings ₹9 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹581 cr → ₹9 cr).
- Operating profit covered interest 90.3x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 37% of net profit in the last 12 months.
- Debtor days went from 22 (FY24) to 6 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹3,213.00 on 2026-10-26: -25.9% from the 52-week high, +0.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹4,310.80 · low ₹3,213.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 474 | 421 | 494 | 419 | 572 | 644 | 282 | 172 |
| EBITDA | 67 | 61 | 53 | 37 | 75 | 83 | 4 | -5 |
| OPM % | 14.2% | 14.6% | 10.7% | 8.7% | 13.1% | 12.8% | 1.3% | -3.0% |
| Other income | 2 | 1 | 21 | 4 | 7 | 5 | 27 | 6 |
| Net profit | 34 | 29 | 35 | 15 | 43 | 48 | 42 | -11 |
| EPS (₹) | 27.33 | 22.98 | 28.04 | 12.16 | 34.05 | 38.59 | 33.15 | -8.70 |
| Revenue YoY | +20.7% | +52.8% | -42.8% | -58.8% | ||||
| Profit YoY | +24.6% | +68.0% | +18.3% | -171.6% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,998 | 2,526 | 2,220 | 1,793 | 1,917 | 1,670 |
| EBITDA | 215 | 304 | 306 | 210 | 198 | 156 |
| Net profit | 80 | 143 | 152 | 105 | 148 | 122 |
| EPS (₹) | 63.78 | 114.35 | 121.46 | 83.47 | 117.96 | 97.09 |
| Revenue growth | +26.4% | -12.1% | -19.2% | +6.9% | -7.6% | |
| Profit growth | +79.3% | +6.2% | -31.3% | +41.3% | +7.3% | |
| Dividend / share (₹) | 10.00 | 10.00 | 12.50 | 12.50 | 12.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -8.8% | +4.2% | -7.6% |
| Net profit | +1.0% | +9.9% | +7.3% |
| EPS | +1.0% | +9.9% | – |
| Share price | – | -6.7% (2y) | -4.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,552 | 1,688 | 1,779 | 1,913 |
| Borrowings | – | 581 | 486 | 150 | 9 |
| Cash & equivalents | – | 6 | 7 | 2 | 273 |
| Total assets | – | 2,359 | 2,435 | 2,226 | 2,157 |
| Fixed assets | – | 1,077 | 1,070 | 1,188 | 1,144 |
| Capital work in progress | – | 22 | 112 | 11 | 106 |
| Investments | – | 2 | 3 | 4 | 0 |
| Receivables | – | 141 | 134 | 66 | 32 |
| Inventory | – | 972 | 1,009 | 885 | 506 |
| Payables | – | 81 | 79 | 87 | 33 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 32 | 502 | 274 | 430 | 514 |
| Cash from investing | -75 | -57 | -130 | -65 | -342 |
| Cash from financing | 43 | -443 | -144 | -369 | -161 |
| Capex | 78 | 65 | 141 | 76 | 114 |
| Free cash flow | -46 | 437 | 133 | 354 | 400 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.2% | 9.0% | 5.9% | 7.7% |
| ROCE % | – | 12.6% | 11.8% | 9.2% | 9.3% |
| Debtor days | – | 20 | 22 | 14 | 6 |
| Inventory days | – | 202 | 243 | 274 | 140 |
| Payable days | – | 17 | 19 | 27 | 9 |
| Cash conversion cycle (days) | – | 205 | 246 | 261 | 137 |
| Working capital days | – | 86 | 102 | 142 | 146 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 58.70% |
| FIIs | 0.27% |
| DIIs | 0.00% |
| Public (non-institutions) | 41.04% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 58.70% | 58.70% | 58.70% | 58.70% | 58.70% | 58.70% | 58.70% | 58.70% |
| Promoter group | % |
|---|---|
| SVB Holdings Private Limited | 44.00% |
| Balasubramaniam S V | 8.42% |
| Soundaram B | 3.82% |
| Saravanan B | 1.44% |
| Murali B - HUF | 1.01% |
| Annamallai Enterprise Private Limietd | 0.00% |
| Annamallai Estates Private Limited | 0.00% |
| Bannari Amman Enterprises Private Limited | 0.00% |
| Bannari Amman Exports Private Limited | 0.00% |
| Bannari Enterprises Private Limited | 0.00% |
| Bannariamman Finance Private Limited | 0.00% |
| BIT Techno Products Private Limited | 0.00% |
| Goldmine Corporate Investment Private Limited | 0.00% |
| Kandiamman Enterprise Private Limited | 0.00% |
| Kerala Alcoholic Products Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Gagandeep Credit Capital PVT Ltd | 5.53% |
| Anuj Anantrai Sheth | 4.52% |
| Fortress Advisors LLP | 2.67% |
| Nemish S Shah | 2.59% |
| Prescient Wealth Management Private Limited | 2.57% |
| Shamyak Investment Private Limited | 2.31% |
| Nilesh Kishor Shah | 1.91% |
| Kotak Mahindra Trusteeship Services Limited | 1.30% |
6,439 shareholders. Pledged: 0.00% of promoter shares.
Peers in Sugar
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BALRAMCHIN | ₹13,212 cr | 34.1x | 3.2x | 9.3% | 8.1% | 11.3% | +10.4% | 0.53% |
| TRIVENI | ₹4,979 cr | 17.7x | 1.5x | 8.7% | 8.3% | 7.0% | +6.5% | 1.75% |
| BANARISUG | ₹4,029 cr | 33.1x | 2.1x | 6.6% | 7.3% | 9.3% | -8.8% | 0.39% |
| RENUKA | ₹3,858 cr | – | – | – | -2.7% | 0.3% | +0.5% | – |
| DALMIASUG | ₹3,357 cr | 16.5x | 1.0x | 6.3% | 7.0% | 10.8% | +3.6% | 1.45% |
| BAJAJHIND | ₹2,606 cr | 12.9x | 0.7x | 2.9% | 0.8% | 4.8% | -4.9% | – |
| AVADHSUGAR | ₹1,627 cr | 24.7x | 1.4x | 5.9% | 6.8% | 8.2% | -1.3% | 1.23% |
| UTTAMSUGAR | ₹1,179 cr | 13.6x | 1.3x | 10.4% | 10.2% | 9.3% | +2.3% | 0.87% |
| DHAMPURSUG | ₹1,095 cr | 15.6x | 0.9x | 6.0% | 6.8% | 6.4% | -0.8% | 0.02% |
| DBOL | ₹806 cr | 9.5x | 0.8x | 8.2% | 5.4% | 4.2% | +5.7% | 1.02% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| SUGAR | ₹1,823 cr | 75.9% | ₹96 cr | 5.3% |
| POWER | ₹292 cr | 12.2% | ₹27 cr | 9.2% |
| DISTILLERY | ₹270 cr | 11.2% | ₹44 cr | 16.5% |
| GRANITE PRODUCTS | ₹16 cr | 0.6% | ₹-4 cr | -23.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-16 | Dividend | Dividend - Rs 12.50 Per Share |
| 2025-08-22 | Dividend | Dividend - Rs 12.50 Per Share |
| 2024-09-13 | Dividend | Annual General Meeting/Dividend - Rs 12.50 Per Share |
| 2023-08-28 | Dividend | Annual General Meeting/Dividend - Rs 12.50 Per Share |
| 2022-09-01 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2021-09-01 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2020-08-25 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2019-09-04 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2018-09-11 | Dividend | Annual General Meeting/Dividend- Rs 10 Per Share |
| 2017-09-14 | Dividend | Annual General Meeting/Dividend - Rs 12.50 Per Share |
| 2016-12-21 | Dividend | Annual General Meeting/Dividend Rs 7.50 Per Share |
| 2015-09-16 | Dividend | Annual General Meeting/ Dividend - Rs 2.50/- Per Share |
| 2014-09-11 | Dividend | Annual General Meeting / Dividend - Rs 12.50/- Per Share |
| 2013-08-29 | Dividend | Annual General Meeting / Dividend Rs 12.50/- Per Share |
| 2012-08-30 | Dividend | Annual General Meeting And Dividend Rs.10/- Per Share |
| 2011-08-30 | Dividend | Annual General Meeting And Dividend Rs.10/- Per Share |
| 2010-08-26 | Dividend | Annual General Meeting And Dividend Rs.10/- Per Share |
| 2009-09-17 | Other | Agm/Div-Rs.10/- Per Share |
| 2008-09-18 | Dividend | Agm/Dividend - 70% |
| 2007-12-19 | Dividend | Agm/Dividend - 70% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Sugar: Manufacturing and Sale of Sugar
- Distillery: Manufacturing and Sale of Alcohol
- Power: Generation and Sale of electricity
- Granite Products: Producing and Sale of Granite products
| Sector | Fast Moving Consumer Goods |
| Industry | Sugar |
| Sub-industry | Sugar |
| Symbol | BANARISUG |
| BSE code | 500041 |
| ISIN | INE459A01010 |
| Face value | ₹10.0 |
| Incorporated | 1983-12-01 |
| Website | www.bannari.com |
| Plants (India / abroad) | 8 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.