Bannari Amman Spinning Mills Limited (IN:BASML)
:BASML
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Bannari Amman Spinning Mills Limited
(BASML)
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Rating:52Neutral
Price Target:
₹27.00
▲(4.17% Upside)
Action:Reiterated
Date:06/10/26
The score is held back primarily by weak and volatile cash generation (near-breakeven free cash flow in 2026) and ongoing revenue declines, despite improving profitability and a healthier leverage profile. Technicals are supportive with price above major moving averages, and valuation is moderate based on the ~16.8 P/E.
Positive Factors
Improving Leverage
Debt-to-equity moving from ~1.97 to ~0.84 indicates a materially healthier capital structure. Lower leverage reduces refinancing and interest-rate risk, increases financial flexibility for capital allocation, and supports multi-month resilience in operations and investment capacity.
Negative Factors
Revenue Decline
Multi-year revenue declines (down ~1.6% in 2026 and negative recent growth) reflect weakening top-line momentum. Sustained revenue erosion undermines operating leverage, constrains margin expansion, and makes it harder to fund investments or scale profitably over coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Leverage
Debt-to-equity moving from ~1.97 to ~0.84 indicates a materially healthier capital structure. Lower leverage reduces refinancing and interest-rate risk, increases financial flexibility for capital allocation, and supports multi-month resilience in operations and investment capacity.
Read all positive factors
Bannari Amman Spinning Mills Limited (BASML) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.01B
Dividend YieldN/A
Average Volume (3M)16.79K
Price to Earnings (P/E)15.7
Beta (1Y)1.49
Revenue Growth-1.92%
EPS Growth66.45%
CountryIN
Employees3,086
SectorConsumer Defensive
Sector Strength42
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)1.56
Shares Outstanding79,921,370
10 Day Avg. Volume9,098
30 Day Avg. Volume16,791
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)0.28
Price to Sales (P/S)0.16
P/FCF Ratio116.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bannari Amman Spinning Mills Limited Business Overview & Revenue Model
Company Description
Bannari Amman Spinning Mills Ltd is an Indian enterprise actively engaged in the textile industry. It manufactures and distributes a diverse range of products, including cotton yarns, both woven and knitted fabrics, home furnishings, and various k...
How the Company Makes Money
BASML makes money primarily by manufacturing and selling yarn and other textile products to textile mills, fabric manufacturers, and garment/export houses. Its core revenue stream is sales of spun yarn (e.g., cotton and blended yarns), where earni...
Bannari Amman Spinning Mills Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
56
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.84B | 8.70B | 8.81B | 9.14B | 15.33B | 10.04B |
| Gross Profit | 2.25B | 1.63B | 623.29M | 225.08M | 4.08B | 2.58B |
| EBITDA | 899.69M | 859.08M | 648.16M | 492.03M | 1.69B | 800.46M |
| Net Income | 130.09M | 137.49M | 71.91M | -219.70M | 524.39M | -110.02M |
Balance Sheet | ||||||
| Total Assets | 10.10B | 9.84B | 10.05B | 12.28B | 12.50B | 11.15B |
| Cash, Cash Equivalents and Short-Term Investments | 381.75M | 57.15M | 56.11M | 78.91M | 197.09M | 177.38M |
| Total Debt | 4.49B | 3.97B | 7.16B | 5.07B | 5.20B | 5.84B |
| Total Liabilities | 5.42B | 5.11B | 5.90B | 7.77B | 7.58B | 7.77B |
| Stockholders Equity | 4.68B | 4.74B | 3.63B | 3.99B | 4.52B | 3.02B |
Cash Flow | ||||||
| Free Cash Flow | -261.61M | 11.55M | -32.36M | 1.08B | 180.60M | 1.33B |
| Operating Cash Flow | 245.57M | 723.19M | 228.22M | 1.23B | 560.21M | 1.58B |
| Investing Cash Flow | -282.67M | -451.83M | 541.20M | -68.62M | -337.73M | -119.67M |
| Financing Cash Flow | 23.37M | -275.34M | -816.22M | -1.13B | -210.54M | -1.63B |
Bannari Amman Spinning Mills Limited Technical Analysis
Neutral
25.92
Price Trends
23.51
Positive
23.15
Positive
25.39
Negative
Market Momentum
0.47
Negative
52.91
Neutral
59.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BASML, the sentiment is Neutral. The current price of 25.92 is above the 20-day moving average (MA) of 24.69, above the 50-day MA of 23.51, and above the 200-day MA of 25.39, indicating a neutral trend. The MACD of 0.47 indicates Negative momentum. The RSI at 52.91 is Neutral, neither overbought nor oversold. The STOCH value of 59.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:BASML.
Bannari Amman Spinning Mills Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | ₹1.98B | 19.17 | ― | 0.33% | 5.52% | -15.33% | |
52 Neutral | ₹2.01B | 15.73 | ― | ― | -1.92% | 66.45% | |
52 Neutral | ₹3.11B | 84.71 | ― | ― | -4.54% | -59.46% | |
49 Neutral | ₹2.28B | 70.04 | ― | ― | -6.32% | ― | |
46 Neutral | ₹2.03B | -5.52 | ― | ― | -7.39% | 5.97% | |
41 Neutral | ₹1.82B | 550.86 | ― | 0.59% | -10.69% | -91.35% |
* Consumer Defensive Sector Average
IN:BASML
Bannari Amman Spinning Mills Limited
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-11.70
-31.78%
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Bannari Amman Spinning Mills Limited Corporate Events
Bannari Amman Spinning Mills Clears FY26 Results, MD Reappointment and Warrant Forfeiture
May 29, 2026
Bannari Amman Spinning Mills’ board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, with the statutory auditors issuing an unmodified opinion, and recommended a dividend of...
Bannari Amman Spinning Mills Clears FY26 Results, MD Reappointment and Warrant Forfeiture
May 29, 2026
Bannari Amman Spinning Mills’ board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, with the statutory auditors issuing an unmodified opinion, and recommended a dividend of...
Bannari Amman Spinning Mills Clears FY26 Results, Dividend and Governance Moves
May 29, 2026
Bannari Amman Spinning Mills’ board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, with the statutory auditors issuing an unmodified opinion, and recommended a final divid...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.