Bannari Amman Spinning Mills Limited (BASML) AI Stock Analysis

• Market Cap: ₹2.38B
• Dividend Yield: N/A
• Average Volume (3M): 19.33K
• Price to Earnings (P/E): 24.2
• Beta (1Y): 1.22
• Revenue Growth: -20.14%
• EPS Growth: N/A
• Country: IN
• Employees: 3,086
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.63
• Shares Outstanding: 79,921,370
• 10 Day Avg. Volume: 14,690
• 30 Day Avg. Volume: 19,330
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹29.00
• Price Target Upside: -2.72% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 46 Neutral
• Price Target: ₹29.00 ▼(-2.72% Downside)

The overall stock score reflects significant financial instability and technical weakness. Financial performance is hampered by declining revenues and margins, while technical indicators signal bearish market momentum. The high P/E ratio, without any dividend yield, suggests the stock is overvalued, adding to the risk profile.

Bannari Amman Spinning Mills Limited Business Overview & Revenue Model

Company Description

Bannari Amman Spinning Mills Limited (BASML) is a prominent textile company in India, primarily engaged in the manufacturing and processing of cotton yarn, woven and knitted fabrics, and home textiles. Operating within the textile industry, BASML is known for its comprehensive range of products, including high-quality yarns and fabrics that cater to both domestic and international markets. The company is part of the larger Bannari Amman Group, which has diverse business interests across various sectors.

How the Company Makes Money

Bannari Amman Spinning Mills Limited generates revenue through the production and sale of cotton yarns, woven and knitted fabrics, and home textiles. The company's key revenue streams include domestic sales to textile manufacturers and international exports, where they leverage their extensive production capabilities to meet global demand. BASML's earnings are bolstered by strategic partnerships with suppliers and distributors, enabling them to maintain a steady supply chain and distribution network. Additionally, the company's focus on quality and innovation helps in sustaining long-term contracts with clients, contributing significantly to its financial performance.

Bannari Amman Spinning Mills Limited Financial Statement Overview

Summary

Bannari Amman Spinning Mills Limited exhibits significant variability across its financials, with declining revenues and margins raising concerns about profitability and operational efficiency. While the company is highly leveraged, it retains a substantial asset base. Cash flow generation shows some resilience but remains inconsistent. Overall, the company faces challenges in stabilizing its financial performance amidst industry pressures.

Income Statement

The company's revenue has shown significant fluctuation with a downward trajectory over recent years, dropping from 15,334 million in 2022 to 8,873 million in 2024. Gross Profit Margin and Net Profit Margin have also decreased, reflecting operational challenges. The Net Income has varied significantly, indicating instability in profitability. While past EBIT and EBITDA margins were more stable, they have also deteriorated, suggesting the company is facing efficiency issues.

Balance Sheet

The Debt-to-Equity Ratio remains relatively high, indicating a leveraged position that could pose risk during downturns. The Return on Equity has been inconsistent, reflecting varying profitability. The Equity Ratio has decreased, suggesting a lower proportion of assets financed by equity. Despite these challenges, the company maintains a solid asset base.

Cash Flow

Operating Cash Flow has been erratic, but Free Cash Flow has occasionally been positive, indicating some capacity to generate cash internally. The Operating Cash Flow to Net Income Ratio has fluctuated, highlighting volatility in cash generation relative to net income. The company faces challenges in maintaining consistent cash flow, although efforts to manage capital expenditures have been observed.

Breakdown	Dec 2024	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	8.87B	9.14B	15.33B	13.99B	10.04B
Gross Profit	2.60B	225.08M	4.08B	3.70B	2.58B
EBITDA	648.16M	492.03M	1.73B	242.54M	827.25M
Net Income	71.91M	-219.70M	524.39M	-295.95M	-110.02M
Balance Sheet
Total Assets	10.05B	12.28B	12.50B	12.84B	11.15B
Cash, Cash Equivalents and Short-Term Investments	56.11M	78.91M	197.09M	210.98M	177.38M
Total Debt	7.16B	5.07B	5.20B	6.21B	5.84B
Total Liabilities	5.90B	7.77B	7.58B	8.17B	7.77B
Stockholders Equity	3.63B	3.99B	4.52B	4.21B	3.02B
Cash Flow
Free Cash Flow	-32.36M	1.08B	180.60M	-435.90M	1.33B
Operating Cash Flow	228.22M	1.23B	560.21M	10.29M	1.58B
Investing Cash Flow	541.20M	-68.62M	-337.73M	-480.21M	-119.67M
Financing Cash Flow	-816.22M	-1.13B	-210.54M	383.31M	-1.63B

Bannari Amman Spinning Mills Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 29.81
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BASML, the sentiment is Negative. The current price of 29.81 is below the 20-day moving average (MA) of 30.84, below the 50-day MA of 32.79, and below the 200-day MA of 39.08, indicating a bearish trend. The MACD of -1.15 indicates Positive momentum. The RSI at 31.26 is Neutral, neither overbought nor oversold. The STOCH value of 27.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BASML.

Bannari Amman Spinning Mills Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DCMNVL	63 Neutral	₹3.18B	37.36		―	-0.47%	―
Sector *	57 Neutral	$3.22B	9.46	-34.32%	2.94%	-25.56%	-353.61%
SHIVATEX	56 Neutral	₹2.23B	16.94		0.35%	-3.75%	―
BASML	46 Neutral	₹2.38B	24.21		―	-20.14%	―
MARALOVER	45 Neutral	₹2.54B	―		―	3.89%	-1584.25%
TTL	43 Neutral	₹3.02B	63.79		―	14.92%	-118.47%
ZODIACLOTH	42 Neutral	₹2.50B	―		―	19.61%	-2.24%

Bannari Amman Spinning Mills Limited Corporate Events

Bannari Amman Spinning Mills to Transfer Unclaimed Shares to IEPF

Bannari Amman Spinning Mills Limited has announced the transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. This action pertains to shares for which dividends have not been claimed or paid for the past seven years. The company has published notices in newspapers to inform shareholders and has provided details on its website, urging shareholders to claim their dividends before the specified deadline to avoid the transfer of their shares to the IEPF account. This move ensures compliance with regulatory requirements and impacts shareholders who have not claimed their dividends, emphasizing the importance of timely dividend claims.