Bannari Amman Spinning Mills Ltd
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.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 49 | 58 | 53 | 62 | 72 | 67 | 60 | 44 | 38 | 38 | 38 | 38 | 33 | 26 | 20 | 15 |
| Cash & Bank Balance (INR Cr) | 8 | 12 | 20 | 17 | 36 | 13 | 17 | 22 | 13 | 17 | 21 | 22 | 12 | 5 | 14 | 4 |
| Total Debt (INR Cr) | 507 | 621 | 520 | 584 | 680 | 725 | 702 | 555 | 499 | 462 | 448 | 382 | 416 | 513 | 472 | 419 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.27 | 1.48 | 1.15 | 1.93 | 2.18 | 2.32 | 2.38 | 1.95 | 1.92 | 1.90 | 1.84 | 1.78 | 2.17 | 2.47 | 2.73 | 2.62 |
| 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% |