BANARISUG

Bannari Amman Sugars Limited

Sugar miller with cogeneration power, distillery and granite products

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products›Sugar

bannari.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹3325.80
Market cap
4,173 Cr
Stock P/E
34.3
P/B
2.18
Dividend yield
0.4%
ROE (FY26)
7.7%
ROCE (FY26)
9.3%
Operating margin (FY26)
7.1%
Debt / equity (FY26)
0.0046
OCF / EBITDA (FY26)
260.1%
OCF / EBITDA (3Y)
170.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Bannari Amman Sugars makes sugar, which brought in about three-quarters of its revenue in FY26, and also runs power, distillery and granite products businesses.

Company snapshot

5thBy market cap

Ranked among 27 companies in Sugar.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 95.2% of revenue

SegmentRevenue shareRevenuePBTAssets
DISTILLERY
23.3%
98 Cr26 Cr436 Cr
GRANITE PRODUCTS
2.0%
8 Cr0.67 Cr89 Cr
POWER
23.9%
101 Cr12 Cr191 Cr
SUGAR
95.2%
401 Cr9 Cr1,485 Cr

Shares add up to 144% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓170% of operating profit came in as cash over the last three years — profits are backed by real cash.
2 more signals from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales600 Cr768 Cr421 Cr404 Cr474 Cr421 Cr494 Cr419 Cr572 Cr644 Cr282 Cr172 Cr
Operating expenses (approx.)508 Cr649 Cr370 Cr375 Cr406 Cr360 Cr441 Cr382 Cr497 Cr561 Cr279 Cr178 Cr
EBITDA92 Cr119 Cr51 Cr29 Cr67 Cr61 Cr53 Cr37 Cr75 Cr83 Cr4 Cr-5 Cr
OPM %15.4%15.6%12.1%7.2%14.2%14.6%10.7%8.7%13.1%12.8%1.3%-3.0%
Other income2 Cr2 Cr2 Cr1 Cr2 Cr1 Cr21 Cr4 Cr7 Cr5 Cr27 Cr6 Cr
Interest7 Cr7 Cr8 Cr6 Cr2 Cr4 Cr3 Cr1 Cr0.56 Cr0.27 Cr0.37 Cr0.35 Cr
Depreciation14 Cr14 Cr15 Cr14 Cr14 Cr14 Cr16 Cr15 Cr15 Cr15 Cr15 Cr15 Cr
Profit before tax73 Cr100 Cr31 Cr10 Cr53 Cr45 Cr55 Cr24 Cr66 Cr73 Cr15 Cr-14 Cr
Tax %32.8%31.8%29.8%34.5%35.4%35.4%35.9%37.2%35.0%33.3%-178.6%24.5%
Net profit49 Cr68 Cr22 Cr6 Cr34 Cr29 Cr35 Cr15 Cr43 Cr48 Cr42 Cr-11 Cr
EPS (₹)₹38.93₹54.28₹17.41₹5.13₹27.33₹22.98₹28.04₹12.16₹34.05₹38.59₹33.15₹-8.70

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,752 Cr1,497 Cr1,125 Cr1,609 Cr1,561 Cr1,998 Cr2,526 Cr2,220 Cr1,793 Cr1,917 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,404 Cr1,286 Cr943 Cr1,378 Cr1,351 Cr1,783 Cr2,221 Cr1,914 Cr1,583 Cr1,719 CrSign in free for the trailing twelve months
EBITDA348 Cr210 Cr182 Cr231 Cr211 Cr215 Cr304 Cr306 Cr210 Cr198 CrSign in free for the trailing twelve months
OPM %19.8%14.0%16.1%14.4%13.5%10.8%12.0%13.8%11.7%10.3%Sign in free for the trailing twelve months
Other income6 Cr6 Cr8 Cr4 Cr9 Cr6 Cr39 Cr7 Cr26 Cr43 CrSign in free for the trailing twelve months
Interest97 Cr34 Cr30 Cr44 Cr39 Cr31 Cr49 Cr32 Cr16 Cr2 CrSign in free for the trailing twelve months
Depreciation69 Cr70 Cr67 Cr65 Cr66 Cr68 Cr74 Cr58 Cr59 Cr61 CrSign in free for the trailing twelve months
Profit before tax187 Cr112 Cr93 Cr126 Cr115 Cr122 Cr220 Cr224 Cr162 Cr177 CrSign in free for the trailing twelve months
Tax %22.3%22.3%18.2%24.1%19.6%34.3%34.9%32.0%35.5%16.7%Sign in free for the trailing twelve months
Net profit145 Cr87 Cr76 Cr96 Cr92 Cr80 Cr143 Cr152 Cr105 Cr148 CrSign in free for the trailing twelve months
EPS (₹)₹125.56₹69.60₹60.56₹76.27₹73.48₹63.78₹114.35₹121.46₹83.47₹117.96Sign in free for the trailing twelve months
Dividend payout %————13.6%15.7%8.7%10.3%15.0%10.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr
Reserves1,055 Cr1,123 Cr1,183 Cr1,262 Cr1,344 Cr1,411 Cr1,539 Cr1,676 Cr1,766 Cr1,901 Cr
Borrowings904 Cr467 Cr737 Cr971 Cr844 Cr960 Cr581 Cr486 Cr150 Cr9 Cr
Other liabilities431 Cr311 Cr269 Cr188 Cr190 Cr185 Cr226 Cr261 Cr297 Cr235 Cr
Total liabilities2,402 Cr1,913 Cr2,202 Cr2,434 Cr2,390 Cr2,569 Cr2,359 Cr2,435 Cr2,226 Cr2,157 Cr
Fixed assets (net)1,103 Cr1,082 Cr1,026 Cr1,003 Cr953 Cr1,048 Cr1,077 Cr1,070 Cr1,188 Cr1,144 Cr
CWIP34 Cr4 Cr24 Cr90 Cr145 Cr61 Cr22 Cr112 Cr11 Cr106 Cr
Investments2 Cr1 Cr1 Cr0.66 Cr0.96 Cr1 Cr2 Cr3 Cr4 Cr259 Cr
Loans & advances——6 Cr1 Cr1 Cr0.96 Cr1 Cr1 Cr1 Cr2 Cr
Inventories939 Cr535 Cr934 Cr960 Cr996 Cr1,006 Cr972 Cr1,009 Cr885 Cr506 Cr
Trade receivables116 Cr67 Cr129 Cr189 Cr161 Cr346 Cr141 Cr134 Cr66 Cr32 Cr
Cash & bank9 Cr4 Cr3 Cr8 Cr3 Cr3 Cr6 Cr6 Cr1 Cr13 Cr
Other assets199 Cr220 Cr78 Cr182 Cr131 Cr104 Cr138 Cr99 Cr68 Cr95 Cr
Total assets2,402 Cr1,913 Cr2,202 Cr2,434 Cr2,390 Cr2,569 Cr2,359 Cr2,435 Cr2,226 Cr2,157 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity645 Cr563 Cr-192 Cr-57 Cr236 Cr32 Cr502 Cr274 Cr430 Cr514 Cr
Cash from investing-52 Cr-16 Cr-27 Cr-106 Cr-61 Cr-75 Cr-57 Cr-130 Cr-65 Cr-341 Cr
Cash from financing-604 Cr-553 Cr219 Cr167 Cr-179 Cr43 Cr-443 Cr-144 Cr-369 Cr-161 Cr
Net cash flow-11 Cr-5 Cr0.33 Cr4 Cr-5 Cr-0.36 Cr3 Cr0.69 Cr-5 Cr12 Cr
Free cash flow (OCF − Capex)590 Cr544 Cr-226 Cr-164 Cr167 Cr-46 Cr437 Cr133 Cr354 Cr400 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %14.4%9.1%6.3%7.6%7.0%6.4%12.6%11.8%9.2%9.3%
ROE %13.6%7.7%6.3%7.5%6.8%5.6%9.2%9.0%5.9%7.7%
Debtor days2416424337632022136
Inventory days410303325318325251208240306190
Days payable37385820192217193013
Cash conversion cycle397282308341343292211243289184
OCF / EBITDA %185.4%267.9%-105.7%-24.7%112.0%14.9%165.1%89.5%204.3%260.1%
OCF / EBITDA % (3 years)——137.4%50.4%-2.2%32.1%105.5%97.9%146.9%170.5%
Debt / equity0.850.410.620.760.620.670.370.290.080.0046
Current ratio——1.481.461.491.462.042.093.337.83
Net debt / EBITDA2.57—4.044.163.994.441.891.560.71-0.02