Bannari Amman Sugars Ltd.

Financial

	Banna Amman Sugars	Piccadily Agro Inds	Dalmia Bharat Sugar
Operational Metrics
Sugar Sector
Sugar Recovery	9.03 %	9.75 %	10.63 %
Capacity Utilization - Cogeneration	53.07 %	n/a	47.93 %
Capacity Utilization - Sugar	56.09 %	n/a	39.03 %
Ethanol Production - Quarterly	n/a	n/a	n/a
Sugarcane Crushed - Daily	13293.15 TPD	n/a	n/a
Distillery Production - Quarterly	0.97 Cr Lts	n/a	n/a
Financials
5 yr Average ROE	7.63 %	15.42 %	11.28 %
5yr average Equity Multiplier	1.7	2.57	1.85
5yr Average Asset Turnover Ratio	0.81	0.99	0.67
5yr Avg Net Profit Margin	5.68 %	6.26 %	9.22 %
Price to Book	2.66	9.23	1.08
P/E	50.5	52.6	12.09
5yr Avg Cash Conversion Cycle	165.86 Days	6.06 Days	138.92 Days
Inventory Days	186.35 Days	109.54 Days	171.27 Days
Days Receivable	22.61 Days	45.39 Days	16.93 Days
Days Payable	20.97 Days	149.07 Days	61.75 Days
5yr Average Interest Coverage Ratio	5.22	4.41	8.27
5yr Avg ROCE	11.89 %	19.67 %	13.23 %
5yr Avg Operating Profit Margin	12.9 %	12.42 %	15.05 %
5 yr average Debt to Equity	0.55	0.65	0.46
5yr CAGR Net Profit	9.75 %	41.82 %	7.12 %
5yr Average Return on Assets	4.6 %	6.32 %	6.17 %
Shareholdings
Promoter Holding	58.7 %	70.97 %	74.91 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	0.01 %	0.0
Change in Mutual Fund Holding (3 Yrs)	-0.06 %	0.0	0.0

Business

	Banna Amman Sugars	Piccadily Agro Inds	Dalmia Bharat Sugar
Product Wise Break-Up	Product Wise Break-Up Sugar 65.93 Power 16.57 Distillery 16.11 Granite Products 1.38 Sugar and allied products 0 Others 0.01	Product Wise Break-Up Sugar 10.47 Sugar and allied products 0 Distillery 88.28 Power 0 Granite Products 0 Others 1.25	Product Wise Break-Up Sugar 0 Sugar 68.59 Distillery 30.99 Power 0 Granite Products 0 Others 0.42
Location Wise Break-Up	Location Wise Break-Up India 98.9 Rest of the World 1.1	-	Location Wise Break-Up India 99.98 Rest of the World 0.02
Operating Profit Break-Up	Operating Profit Break-Up Distillery 53.83 Power 25.57 Sugar 19.19 Granite Products 1.41	Operating Profit Break-Up Power 0 Distillery 100.0 Sugar 0 Granite Products 0	Operating Profit Break-Up Power 0 Distillery 20.43 Sugar 72.42 Granite Products 0 Others 7.15
Capex	Capex Sugar 58.57 Distillery 28.48 Granite Products 11.47 Power 1.48	-	Capex Power 6.19 Distillery 3.83 Sugar 41.97 Granite Products 0 Others 48.01
Raw Material Break-Up	Raw Material Break-Up Sugarcane 99.46 Granite 0.25 Molasses 0.22 Packing Material for Sugar 0 Others 0.07	-	-
Asset Break-Up	Asset Break-Up Sugar 66.46 Distillery 19.51 Power 8.56 Granite Products 4.0 Others 1.47	Asset Break-Up Power 0 Distillery 71.6 Processed Sugar 28.4 Granite Products 0	Asset Break-Up Power 0 Distillery 20.91 Sugar 49.74 Granite Products 0 Others 29.35