Bannari Amman Spinning Mills Ltd

Bannari Amman Spinning Mills Ltd

Next 500 2024
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OVERVIEW
FINANCIALS

About

Bannari Amman Spinning Mills was founded in 1989 as the textile division of the Bannari Amman Group. What started as a single spinning unit has diversified into weaving, knitting, fabric processing, and garment production today. With 144,000 installed spindles, the company has a production capacity of 25 tonnes of cotton yarn and 65 tonnes of compact yarn every day. The knitting division can produce up to 300,000 meters of knitted fabrics every year, while the processing division can process and finish 12 tonnes of knitted fabrics every day. Its home textile division manufactures bedsheets, pillow cases, duvet covers, and baby products, among others. Bannari Amman also has an installed capacity of 23.4 MW of wind power with the operation of 27 windmills. With its diverse portfolio, the company has served clients like Arvind, South Indian Textiles, Jia Home, Aalishan Exports, and more.

Incorporation Year: 1989
Headquarters: Coimbatore
Top Management: S. V. Arumugam
Industry: Textiles & Garments

Featured In Fortune India Ranking

Next 500 India
#412(2024)#211(2023)#283(2022)#190(2021)#224(2020)#238(2019)#328(2018)#389(2017)#423(2016)
#412(2024)#211(2023)#283(2022)#190(2021)#224(2020)#238(2019)#328(2018)#389(2017)#423(2016)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
925
(INR Cr)
Net Operating Income
924
(INR Cr)
Assets
959
(INR Cr)
Profit
-22
(INR Cr)
Net Worth
399
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Revenue
(INR Cr)
925
-36.7%
1461
-7.3%
1576
63.2%
966
-17.2%
1167
-3.8%
1213
15.1%
1054
21.2%
870
4.4%
833
12.5%
740
3.1%
718
30.4%
550
25.4%
439
-27.2%
603
69.7%
355
21.7%
292
-
Net Operating Income
(INR Cr)
924
-33.91%
1399
-10.36%
1560
53.18%
1019
-10.17%
1134
-3.46%
1174
16.53%
1008
16.05%
868
5.17%
826
12.79%
732
4.64%
700
25.00%
560
0.00%
460
-15.72%
545
53.52%
355
23.88%
287
45.97%
Profit
(INR Cr)
-22
-
-30
-
52
-
-11
-
2
-88.4%
21
138.4%
9
-23.7%
12
-41.2%
20
47.7%
13
-58.1%
32
15.6%
27
-
-16
-
39
157.6%
15
87.1%
8
-
Assets
(INR Cr)
959
-12.3%
1094
7.2%
1021
9.6%
932
-10.3%
1039
-4.0%
1082
4.1%
1039
21.7%
854
12.3%
760
7.3%
708
2.3%
692
15.6%
599
-1.8%
610
-15.7%
723
12.2%
644
11.2%
580
-
Net Worth
(INR Cr)
399
-5.1%
421
-7.0%
452
49.9%
302
-3.3%
312
0.0%
312
5.9%
295
3.6%
285
9.5%
260
6.8%
243
0.2%
243
13.0%
215
0.0%
191
-7.9%
208
20.4%
173
7.7%
160
-1.2%
Employee Cost
(INR Cr)
83
-50.1%
165
-2.0%
169
37.5%
123
-14.0%
143
4.1%
137
21.2%
113
108.5%
54
-6.5%
58
26.2%
46
44.3%
32
23.9%
26
35.4%
19
12.9%
17
63.2%
10
10.9%
9
-
Interest Cost
(INR Cr)
49585362726760443838383833262015
Cash & Bank Balance
(INR Cr)
81220173613172213172122125144
Total Debt
(INR Cr)
507621520584680725702555499462448382416513472419

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Profit As % Of Revenues --3.3%-0.2%1.7%0.8%1.3%2.4%1.8%4.4%5.0%-6.4%4.2%2.8%
Profit As % Of Assets --5.1%-0.2%1.9%0.8%1.4%2.6%1.9%4.6%4.6%-5.4%2.3%1.4%
Profit As % Of Networth --11.6%-0.8%6.7%3.0%4.0%7.5%5.4%13.0%12.7%-18.7%8.7%5.0%
Interest Cost to EBITDA % 163.7%111.0%32.0%80.0%74.9%57.2%62.2%51.2%39.4%45.6%32.1%33.5%97.0%19.7%30.2%32.7%
Debt to Equity Ratio 1.271.481.151.932.182.322.381.951.921.901.841.782.172.472.732.62
RONW --14.9%--2.3%7.8%3.4%4.2%7.8%5.4%13.8%12.7%-17.6%9.1%5.0%
ROCE 1.9%2.4%14.8%4.9%6.3%9.0%7.7%7.3%9.1%8.2%13.0%13.2%0.0%10.1%7.0%4.3%