Bannari Amman Sugars Ltd

NSE
BANARISUG •
BUY

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Start SIP in Bannari Amman Sugars Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
52W Low on Feb 07, 2024
5.8
TTM PE Ratio
High in industry
18.3
Price to Book Ratio
Above industry Median
2.1
Dividend yield 1yr %
Low in industry
0.5
TTM PEG Ratio
PEG TTM is less than 1
0.3
RSI
RSI is mid-range
56.5
MFI
MFI strongly Overbought
80.7

Bannari Amman Sugars Ltd shareholding Pattern

Promoter
58.7%
Foreign Institutions
0.3%
Public
41%

Bannari Amman Sugars Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
11
Bearish Moving Averages
5
5Day EMA
2,655.00
10Day EMA
2,633.80
12Day EMA
2,621.30
20Day EMA
2,581.90
26Day EMA
2,564.40
50Day EMA
2,542.40
100Day EMA
2,562.40
200Day EMA
2,612.10
Delivery & Volume
Resistance & Support
2,616.73
Pivot
Resistance
First Resistance
2,652.47
Second Resistance
2,678.73
Third Resistance
2,714.47
Support
First Support
2,590.47
Second support
2,554.73
Third Support
2,528.47
Relative Strength Index
56.49
Money Flow Index
80.74
MACD
56.90
MACD Signal
42.52
Average True Range
87.42
Average Directional Index
32.16
Rate of Change (21)
8.77
Rate of Change (125)
-3.25

Bannari Amman Sugars Ltd Company background

Founded in: 1983
Bannari Amman Group is one of the largest Industrial Conglomerates in South India with wide spectrum of manufacturing, trading and Service activities. Manufacturing and trading include sugar, alcohol, liquor, granite etc. The service sector has wind power energy, education etc. Bannari Amman Sugars Limited (BASL) was incorporated in December 1983. The company was promoted by S V Balasubramanian and K S Thirumalaiswamy to manufacture sugar in Southern India. Now, it has scattered its activities in Distillery, Granites, Cogeneration of Power, Wind Mills operations. BASL came out with a public issue in Sep 1985, to set up a sugar plant in Alathukombai in Tamil Nadu. This plant was commissioned with initial capacity of 1250 tonnes of cane crush per day. It manufactures sugar using the conventional double sulphitation process. The companys success in its first venture, led the company to make a next step towards its way. In 1992 the company had set up a sugar mill with a daily cane crushing capacity of 2500 TCD in Alaganchi village, Mysore district in the state of Karnataka. This project was financed by rights issue of zero interest fully convertible debentures of Rs. 1968.75 lakhs, secured redeemable nonconvertible debentures for Rs. 14 crores issued to Citibank N.A. and term loan of Rs. 8 crores received from ICICI Ltd. Total capacity of sugar mills in Tamil Nadu and Karnataka increased to 4000 TCD 5000 TCD over the period.The company diversified its activity in several segments. As a first step, it started to manufacture Citric Acid in 1987 with annual capacity of 5,400 tonnes. Subsequently it diversified into the lucrative field of granite exports by setting up a 100% EOU in Nov 1990, at Alathukombai to produce 50,000 sq mtr of polished granite slabs and 60,000 sq mtr of granite tiles per annum. It has acquired and taken on lease several quarries in Tamil Nadu, Karnataka, Andhra Pradesh and Rajasthan. In 1995, M/s Coimbatore Alcohol and Chemicals Limited (CACL) amalgamated with BASL. The company allotted 20,00,000 equity shares of Rs. 10/ each at a premium of Rs. 80/ per share to the shareholders of CACL as per the scheme of amalgamation.The company made its next diversification for Cogeneration of power in the year 2000. It has set up a cogeneration power plant with an installed capacity of 16 MW in the sugar factory in Karnataka. The company has also set up a 20 MW cogeneration plant at Alathukombai in Aug 2002 and an additional 20 MW cogeneration plant at Alaganchi in Mar 2004. Total capacity of cogeneration power plant stands at 56 MW. During 200405, the company has diversified into windmill operation and commissioned 7 wind turbine generator at Radhapuram in the state of Tamil Nadu. The windmill has started its operation.During 200506, the company proposes to increase the installed capacity of the sugar unit in Karnataka from 5000 TCD to 7500 TCD.The Scheme of Amalgamation of Maheswara Sugars Limited with the Company was completed in November, 2007. As per the Scheme, company has allotted 19,00,000 equity shares of Rs. 10/ each and 18,46,000 9% redeemable noncumulative preference shares of Rs. 100/each to the shareholders of Maheswara Sugars Limited. The Sugar Unit III was acquired by way of Amalgamation with effect from 1.1.2007.In 2010, the Company established a sugar factory (UnitIV) at Thiruvannamalai with a capacity of 5000 TCD and also established a Cogeneration Plant with a capacity of 28.8 MW power in Unit IV.The expansion of crushing capacity from 2500 TCD to 3600 TCD in the sugar factory at Kunthur Village Karnataka was completed and the factory commenced its operation with expanded capacity from 27.8.2014. It established 20 MW Cogeneration Plant in Unit III.In 2016, the Company took over UnitV sugar factory at Thirukovilur with a capacity of 3600 TCD and a Cogeneration Plant of 25 MW.
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Bannari Amman Sugars Ltd FAQs

Bannari Amman Sugars Ltd shares are currently priced at 2626.2 on NSE and 2635.2 on BSE as of 2/28/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Bannari Amman Sugars Ltd [BANARISUG] share was -4.5. The Bannari Amman Sugars Ltd [BANARISUG] share hit a 1-year low of Rs. 2345 and a 1-year high of Rs. 2970.35.

The market cap of Bannari Amman Sugars Ltd is Rs. 3293.18 Cr. as of 2/28/2024 12:00:00 AM.

The PE ratios of Bannari Amman Sugars Ltd is 18.32 as of 2/28/2024 12:00:00 AM.

The PB ratios of Bannari Amman Sugars Ltd is 2.06 as of 2/28/2024 12:00:00 AM

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