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Bannari Amman Sugars

NSEI:BANARISUG
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BANARISUG
NSEI
₹11B
Market Cap
  1. Home
  2. IN
  3. Food, Beverage & Tobacco
Company description

Bannari Amman Sugars Limited primarily produces and sells sugar in India. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • Bannari Amman Sugars has significant price volatility in the past 3 months.
BANARISUG Share Price and Events
7 Day Returns
8.1%
NSEI:BANARISUG
0.7%
IN Food
-3.6%
IN Market
1 Year Returns
-42.5%
NSEI:BANARISUG
-1.5%
IN Food
-32.1%
IN Market
BANARISUG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bannari Amman Sugars (BANARISUG) 8.1% -21.2% -28.6% -42.5% -56.9% 2.9%
IN Food 0.7% -14.4% -10.1% -1.5% 41% 73.5%
IN Market -3.6% -25.1% -30.2% -32.1% -24.1% -15.2%
1 Year Return vs Industry and Market
  • BANARISUG underperformed the Food industry which returned -1.5% over the past year.
  • BANARISUG underperformed the Market in India which returned -32.1% over the past year.
Price Volatility
BANARISUG
Industry
5yr Volatility vs Market

BANARISUG Value

 Is Bannari Amman Sugars undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bannari Amman Sugars to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bannari Amman Sugars.

NSEI:BANARISUG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in INR ₹ 10.000000
Payout Ratio Company Filings (2019-12-31) 1723.7%
Discount Rate (Cost of Equity) See below 12.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:BANARISUG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Food Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.569 (1 + (1- 35%) (73.86%))
0.736
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (0.8 * 7.85%)
12.76%

Discounted Cash Flow Calculation for NSEI:BANARISUG using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Bannari Amman Sugars is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NSEI:BANARISUG Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ₹10 / (12.76% - 6.48%)
₹160.7
NSEI:BANARISUG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:BANARISUG represents 1.00565x of BSE:500041
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00565x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 158.90 x 1.00565
₹159.80
Value per share (INR) From above. ₹159.80
Current discount Discount to share price of ₹890.00
= -1 x (₹890.00 - ₹159.80) / ₹159.80
-457%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Bannari Amman Sugars is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bannari Amman Sugars's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bannari Amman Sugars's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:BANARISUG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹68.83
BSE:500041 Share Price ** BSE (2020-04-03) in INR ₹885
India Food Industry PE Ratio Median Figure of 149 Publicly-Listed Food Companies 10.64x
India Market PE Ratio Median Figure of 2,614 Publicly-Listed Companies 9.41x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bannari Amman Sugars.

NSEI:BANARISUG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500041 Share Price ÷ EPS (both in INR)

= 885 ÷ 68.83

12.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bannari Amman Sugars is overvalued based on earnings compared to the IN Food industry average.
  • Bannari Amman Sugars is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Bannari Amman Sugars's expected growth come at a high price?
Raw Data
NSEI:BANARISUG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Food Industry PEG Ratio Median Figure of 18 Publicly-Listed Food Companies 0.64x
India Market PEG Ratio Median Figure of 400 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bannari Amman Sugars, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bannari Amman Sugars's assets?
Raw Data
NSEI:BANARISUG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹963.91
BSE:500041 Share Price * BSE (2020-04-03) in INR ₹885
India Food Industry PB Ratio Median Figure of 197 Publicly-Listed Food Companies 0.75x
India Market PB Ratio Median Figure of 3,613 Publicly-Listed Companies 0.63x
NSEI:BANARISUG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500041 Share Price ÷ Book Value per Share (both in INR)

= 885 ÷ 963.91

0.92x

* Primary Listing of Bannari Amman Sugars.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bannari Amman Sugars is overvalued based on assets compared to the IN Food industry average.
X
Value checks
We assess Bannari Amman Sugars's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Bannari Amman Sugars has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BANARISUG Future Performance

 How is Bannari Amman Sugars expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bannari Amman Sugars has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.6%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bannari Amman Sugars expected to grow at an attractive rate?
  • Unable to compare Bannari Amman Sugars's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bannari Amman Sugars's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Bannari Amman Sugars's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:BANARISUG Future Growth Rates Data Sources
Data Point Source Value (per year)
India Food Industry Earnings Growth Rate Market Cap Weighted Average 21.6%
India Food Industry Revenue Growth Rate Market Cap Weighted Average 12.8%
India Market Earnings Growth Rate Market Cap Weighted Average 19.2%
India Market Revenue Growth Rate Market Cap Weighted Average 8.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:BANARISUG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:BANARISUG Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 14,136 863
2019-09-30 13,439 -1,371 704
2019-06-30 11,438 785
2019-03-31 11,250 -1,810 759
2018-12-31 10,219 578
2018-09-30 11,204 699
2018-06-30 13,752 848
2018-03-31 14,808 5,884 873
2017-12-31 16,523 1,126
2017-09-30 16,443 1,289
2017-06-30 17,129 1,286
2017-03-31 17,518 6,447 1,452

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bannari Amman Sugars is high growth as no earnings estimate data is available.
  • Unable to determine if Bannari Amman Sugars is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:BANARISUG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bannari Amman Sugars Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BANARISUG Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 68.83
2019-09-30 56.17
2019-06-30 62.62
2019-03-31 60.56
2018-12-31 46.12
2018-09-30 55.76
2018-06-30 67.63
2018-03-31 69.60
2017-12-31 90.69
2017-09-30 106.13
2017-06-30 108.42
2017-03-31 125.25

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bannari Amman Sugars will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Bannari Amman Sugars's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Bannari Amman Sugars's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. Bannari Amman Sugars's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Bannari Amman Sugars's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bannari Amman Sugars has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BANARISUG Past Performance

  How has Bannari Amman Sugars performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bannari Amman Sugars's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bannari Amman Sugars has delivered over 20% year on year earnings growth in the past 5 years.
  • Bannari Amman Sugars's 1-year earnings growth exceeds its 5-year average (49.3% vs 22.7%)
  • Bannari Amman Sugars's earnings growth has exceeded the IN Food industry average in the past year (49.3% vs 20.6%).
Earnings and Revenue History
Bannari Amman Sugars's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bannari Amman Sugars Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BANARISUG Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 14,135.52 863.17 1,088.36
2019-09-30 13,439.02 704.38 1,050.44
2019-06-30 11,438.02 784.95 1,044.14
2019-03-31 11,249.86 759.39 1,031.01
2018-12-31 10,219.20 578.21 1,017.09
2018-09-30 11,203.84 699.16 990.40
2018-06-30 13,751.86 848.29 946.35
2018-03-31 14,807.51 872.74 978.24
2017-12-31 16,523.15 1,126.08 970.14
2017-09-30 16,442.94 1,288.59 972.98
2017-06-30 17,128.77 1,285.84 959.22
2017-03-31 17,517.87 1,451.66 960.35
2016-12-31 18,383.80 1,706.35 953.78
2016-09-30 16,701.22 1,561.62 876.56
2016-06-30 13,860.55 1,062.16 797.65
2016-03-31 14,556.13 317.21 796.59
2015-12-31 12,943.40 -270.41 1,041.77 38.48
2015-09-30 11,396.55 -599.74 1,051.33 38.48
2015-06-30 10,699.07 -619.60 667.38
2015-03-31 9,298.62 10.30 668.68
2014-12-31 8,556.74 176.44 897.58 51.78
2014-09-30 9,044.96 229.33 880.32 51.78
2014-06-30 7,459.83 215.42 595.47
2014-03-31 6,510.78 286.88 880.67 51.78
2013-12-31 7,966.20 424.11 938.27 88.04
2013-09-30 9,411.92 739.42 930.27 88.04
2013-06-30 11,085.31 1,236.51 941.52 88.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bannari Amman Sugars has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bannari Amman Sugars used its assets less efficiently than the IN Food industry average last year based on Return on Assets.
  • Bannari Amman Sugars's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bannari Amman Sugars's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bannari Amman Sugars has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BANARISUG Health

 How is Bannari Amman Sugars's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bannari Amman Sugars's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bannari Amman Sugars is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bannari Amman Sugars's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bannari Amman Sugars's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bannari Amman Sugars Company Filings, last reported 3 months ago.

NSEI:BANARISUG Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 12,087.71 8,196.39 43.82
2019-09-30 12,087.71 8,196.39 43.82
2019-06-30 11,958.84 7,689.89 34.79
2019-03-31 11,958.84 7,689.89 34.79
2018-12-31 11,563.81 5,094.54 46.96
2018-09-30 11,563.81 5,094.54 46.96
2018-06-30 11,355.67 5,705.42 37.79
2018-03-31 11,355.67 5,079.89 31.53
2017-12-31 11,023.18 6,157.63 41.19
2017-09-30 11,023.18 6,157.63 41.19
2017-06-30 10,670.78 9,040.56 91.83
2017-03-31 10,670.78 10,379.09 91.83
2016-12-31 9,879.91 9,710.24 38.82
2016-09-30 9,879.91 9,710.24 38.82
2016-06-30 9,771.51 9,697.08 131.53
2016-03-31 9,318.73 15,340.64 204.65
2015-12-31 8,949.55 9,614.92 47.13
2015-09-30 8,949.55 9,614.92 47.13
2015-06-30 9,518.89 11,805.96 108.02
2015-03-31 9,518.89 12,207.96 108.02
2014-12-31 9,583.17 9,288.16 103.46
2014-09-30 9,583.17 9,288.16 103.46
2014-06-30 9,540.03 10,237.08 35.34
2014-03-31 9,540.03 10,522.94 35.34
2013-12-31 9,518.19 6,740.08 34.88
2013-09-30 9,518.19 6,740.08 34.88
2013-06-30 9,419.95 4,578.46 34.28
  • Bannari Amman Sugars's level of debt (67.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (97.3% vs 67.8% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess Bannari Amman Sugars's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bannari Amman Sugars has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BANARISUG Dividends

 What is Bannari Amman Sugars's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.13%
Current annual income from Bannari Amman Sugars dividends.
If you bought ₹2,000 of Bannari Amman Sugars shares you are expected to receive ₹23 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bannari Amman Sugars's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.96%).
  • Bannari Amman Sugars's dividend is below the markets top 25% of dividend payers in India (4.06%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:BANARISUG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Food Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 1%
India Market Average Dividend Yield Market Cap Weighted Average of 1419 Stocks 2%
India Minimum Threshold Dividend Yield 10th Percentile 0.4%
India Bottom 25% Dividend Yield 25th Percentile 1%
India Top 25% Dividend Yield 75th Percentile 4.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:BANARISUG Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-08-05 10.000 0.863
2018-08-17 10.000 0.665
2018-05-25 10.000 0.669
2017-08-30 12.500 0.629
2017-05-29 12.500 0.665
2016-12-05 7.500 0.378
2016-11-23 7.500 0.399
2016-05-25 7.500 0.391
2015-10-12 2.500 0.208
2014-10-13 12.500 1.357
2013-09-25 12.500 1.433
2012-08-13 10.000 1.150
2012-05-25 10.000 1.438
2011-05-24 10.000 1.775
2011-05-23 10.000 1.859
2010-09-28 10.000 1.390
2009-06-25 10.000 0.975
2009-06-01 10.000 0.981

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Bannari Amman Sugars's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bannari Amman Sugars's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bannari Amman Sugars afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bannari Amman Sugars has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BANARISUG Management

 What is the CEO of Bannari Amman Sugars's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
B. Saravanan
COMPENSATION ₹32,676,000
AGE 46
TENURE AS CEO 9.8 years
CEO Bio

Mr. B. Saravanan, BCom has been Managing Director at Bannari Amman Sugars Limited since June 02, 2010. Mr. Saravanan serves as the Managing Director of M/s Shiva Distilleries Limited. Mr. Saravanan served as Joint Managing Director of Bannari Amman Spinning Mills Limited from July 5, 2000 to June 2010. Mr. Saravanan serves as an Executive Director of Bannari Amman Sugars Limited. Mr. Saravanan held Other Directorships in Kerala Alcoholic Products Limited; Shiva Cargo Movers Limited; Annamallai Enterprise Private Limited and SVB Enterprise Private Limited. Mr. Saravanan served as an Executive Director of Bannari Amman Spinning Mills Limited. He is a Commerce graduate.

CEO Compensation
  • B.'s compensation has been consistent with company performance over the past year, both up more than 20%.
  • B.'s remuneration is higher than average for companies of similar size in India.
Management Team

S. Balasubramaniam

TITLE
Executive Chairman of the Board
COMPENSATION
₹47M
AGE
79

B. Saravanan

TITLE
MD & Executive Director
COMPENSATION
₹33M
AGE
46
TENURE
9.8 yrs

M. Ramprabhu

TITLE
Chief Financial Officer
COMPENSATION
₹2M
AGE
37
TENURE
5.2 yrs

C. Palaniswamy

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹4M
AGE
56

A. Palanisamy

TITLE
Executive President
AGE
45

M. Rameshkumar

TITLE
Chief Executive
AGE
49

S. Venkateshmurthy

TITLE
President of Karnataka Operations
AGE
56

T. Lingeswaran

TITLE
President of Distillery Unit
AGE
58

G. Saravanan

TITLE
Senior Vice President
AGE
51

V. Sugumar

TITLE
Assistant Vice President of Purchase
AGE
55
Board of Directors Tenure

Average tenure and age of the Bannari Amman Sugars board of directors in years:

10.8
Average Tenure
71
Average Age
  • The average tenure for the Bannari Amman Sugars board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

S. Balasubramaniam

TITLE
Executive Chairman of the Board
COMPENSATION
₹47M
AGE
79
TENURE
9.8 yrs

B. Saravanan

TITLE
MD & Executive Director
COMPENSATION
₹33M
AGE
46

T. Gundan

TITLE
Non-Executive Independent Director
COMPENSATION
₹65K
AGE
77
TENURE
11.8 yrs

M. Vijayakumar

TITLE
Non-Executive Independent Director
COMPENSATION
₹95K
AGE
70
TENURE
8.4 yrs

A. Perumalsamy

TITLE
Non-Executive Independent Director
COMPENSATION
₹55K
AGE
79
TENURE
35.9 yrs

E. Muthukumar

TITLE
Non-Executive Independent Director
COMPENSATION
₹60K
AGE
71
TENURE
36.2 yrs

Radha Ramani

TITLE
Non-Executive Independent Director
COMPENSATION
₹45K
AGE
70
TENURE
5.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Bannari Amman Sugars's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bannari Amman Sugars has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BANARISUG News

Simply Wall St News

We Think Bannari Amman Sugars (NSE:BANARISUG) Can Stay On Top Of Its Debt

NSEI:BANARISUG Historical Debt, September 2nd 2019 How Healthy Is Bannari Amman Sugars's Balance Sheet? … Zooming in on the latest balance sheet data, we can see that Bannari Amman Sugars had liabilities of ₹7.51b due within 12 months and liabilities of ₹2.56b due beyond that. … Our View When it comes to the balance sheet, the standout positive for Bannari Amman Sugars was the fact that it seems able to convert EBIT to free cash flow confidently.

Simply Wall St -

What Kind Of Shareholders Own Bannari Amman Sugars Limited (NSE:BANARISUG)?

See our latest analysis for Bannari Amman Sugars NSEI:BANARISUG Ownership Summary, August 9th 2019 What Does The Institutional Ownership Tell Us About Bannari Amman Sugars? … Insider Ownership Of Bannari Amman Sugars The definition of company insiders can be subjective, and does vary between jurisdictions. … Private Company Ownership Our data indicates that Private Companies hold 54%, of the company's shares.

Simply Wall St -

Introducing Bannari Amman Sugars (NSE:BANARISUG), A Stock That Climbed 47% In The Last Five Years

For example, long term Bannari Amman Sugars Limited (NSE:BANARISUG) shareholders have enjoyed a 47% share price rise over the last half decade, well in excess of the market return of around 30% (not including dividends). … During five years of share price growth, Bannari Amman Sugars achieved compound earnings per share (EPS) growth of 19% per year. … As it happens, Bannari Amman Sugars's TSR for the last 5 years was 51%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Bannari Amman Sugars Limited (NSE:BANARISUG) Might Not Be A Great Investment

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Bannari Amman Sugars: 0.079 = ₹1.1b ÷ (₹22b - ₹7.5b) (Based on the trailing twelve months to March 2019.) So, Bannari Amman Sugars has an ROCE of 7.9%. … Do Bannari Amman Sugars's Current Liabilities Skew Its ROCE? … With a medium level of current liabilities boosting the ROCE a little, Bannari Amman Sugars's low ROCE is unappealing.

Simply Wall St -

Is Bannari Amman Sugars Limited's (NSE:BANARISUG) CEO Paid At A Competitive Rate?

Our data indicates that Bannari Amman Sugars Limited is worth ₹18b, and total annual CEO compensation is ₹44m. … With a three year total loss of 31%, Bannari Amman Sugars Limited would certainly have some dissatisfied shareholders. … We examined the amount Bannari Amman Sugars Limited pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

Bannari Amman Sugars Limited (NSE:BANARISUG) Is An Attractive Dividend Stock - Here's Why

Dividend paying stocks like Bannari Amman Sugars Limited (NSE:BANARISUG) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. A 0.7% yield is nothing to get excited about, but investors probably think the long payment history suggests Bannari Amman Sugars has some staying power. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Bannari Amman Sugars has grown its earnings per share at 19% per annum over the past five years. … Conclusion To summarise, shareholders should always check that Bannari Amman Sugars's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

With A -13% Earnings Drop, Is Bannari Amman Sugars Limited's (NSE:BANARISUG) A Concern?

Measuring Bannari Amman Sugars Limited's (NSE:BANARISUG) track record of past performance is a useful exercise for investors. … View our latest analysis for Bannari Amman Sugars Did BANARISUG perform worse than its track record and industry? … Furthermore, its return on assets (ROA) of 4.8% is below the IN Food industry of 6.5%, indicating Bannari Amman Sugars's are utilized less efficiently.

Simply Wall St -

Bannari Amman Sugars Limited (NSE:BANARISUG) Delivered A Weaker ROE Than Its Industry

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Bannari Amman Sugars: 5.0% = ₹578m ÷ ₹12b (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Bannari Amman Sugars Have A Good Return On Equity? … Bannari Amman Sugars's Debt And Its 5.0% ROE Bannari Amman Sugars has a debt to equity ratio of 0.44, which is far from excessive.

Simply Wall St -

Should We Worry About Bannari Amman Sugars Limited's (NSE:BANARISUG) P/E Ratio?

We'll apply a basic P/E ratio analysis to Bannari Amman Sugars Limited's (NSE:BANARISUG), to help you decide if the stock is worth further research. … Looking at earnings over the last twelve months, Bannari Amman Sugars has a P/E ratio of 30.32. … How Do I Calculate Bannari Amman Sugars's Price To Earnings Ratio

Simply Wall St -

Do Directors Own Bannari Amman Sugars Limited (NSE:BANARISUG) Shares?

A look at the shareholders of Bannari Amman Sugars Limited (NSE:BANARISUG) can tell us which group is most powerful. … Bannari Amman Sugars is a smaller company with a market capitalization of ₹18b, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Bannari Amman Sugars

Simply Wall St -

BANARISUG Company Info

Description

Bannari Amman Sugars Limited primarily produces and sells sugar in India. It operates through Sugar, Power, Distillery, and Granite Products segments. The company manufactures and sells cane sugar; industrial alcohol and extra neutral spirits; and granite blocks, and polished granite slabs and tiles. It also operates co-generation power plants and wind mills. The company was incorporated in 1983 and is based in Coimbatore, India.

Details
Name: Bannari Amman Sugars Limited
BANARISUG
Exchange: NSEI
Founded: 1983
₹11,097,634,500
12,539,700
Website: http://www.bannari.com
Address: Bannari Amman Sugars Limited
1212, Trichy Road,
Coimbatore,
Tamil Nadu, 641018,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500041 Equity Shares Mumbai Stock Exchange IN INR 25. Jul 1995
NSEI BANARISUG Equity Shares National Stock Exchange of India IN INR 25. Jul 1995
Number of employees
Current staff
Staff numbers
1,860
Bannari Amman Sugars employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 13:00
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/02/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.