Bannari Amman Sugars Limited (BANARISUG) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Bannari Amman Sugars Limited ₹2,005, price ₹3,402, upside -41.1%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹1,677 – ₹4,292 · fair‑value band ₹1,504 – ₹2,507 · the ₹3,402 price screens above the ₹2,005 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 27, 2026.
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Bannari Amman Sugars Limited engages in the manufacture and sale of sugar in India. The company operates through Sugar, Power, Distillery, and Granite Products segments.
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Bannari Amman Sugars Limited engages in the manufacture and sale of sugar in India. The company operates through Sugar, Power, Distillery, and Granite Products segments. It manufactures and sells cane crush; industrial alcohol and extra neutral spirits; polished granite products; and bio and agri natural fertilizer products, including capsules, fertilizers, fungicides, insecticides, nematicides, stimulants, decomposing cultures, enriched organic manures, micronutrient mixtures, organic manures. The company also generates power through co-generation power plants and windmills. It also exports its products. It sells its products to traders, institutions, and retail customers through distributors and direct sales channels. Bannari Amman Sugars Limited was incorporated in 1983 and is based in Coimbatore, India.
Stock analysis
Bannari Amman Sugars Limited (BANARISUG) currently trades at ₹3,402, while our model-based Fair Value estimate is ₹2,005, implying the stock looks roughly 69.6% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹3,039 per share, and 3 of the 26 models we run sit above the ₹3,402 price.
Bear case: the Economic Profit group reads lowest at ₹785.75, and 23 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹1,504 (bear) to ₹2,507 (bull), the price of ₹3,402 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Bannari Amman Sugars Limited reported revenue of ₹19.2B in FY2026 versus ₹19.7B in FY2022, a compound −0.6%/yr. Reported net income was ₹1.5B in FY2026, compounding +16.6%/yr from FY2022.
Key figures
Market cap ₹42.7B (≈ $445M) · P/E ratio 35.0 · P/S ratio 2.70 · EPS (TTM) ₹97.18 · Dividend yield 0.4% · Net margin 7.7% · Return on equity 8.0% · Return on assets (EBIT) 8.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −41% fair-value upside, at −41%, BANARISUG screens cheaper than that median.
Fair Value models
Bear ₹1,504Fair Value ₹2,005Bull ₹2,507
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹41.76 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+6.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−8.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
Start year 2021 (pandemic). Over 10 years: +2.8% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.7%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+10.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.9%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.9.9% vs 15.6%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 7%
Start year 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+1.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about −2.3% a year for the price.
Compare Bannari Amman Sugars Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Confectioners · 83 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−41.1% · Below median
Profitability
Return on equity (TTM)8.0% · Above median
Return on assets5.1% · Top 25%
Net margin (TTM)7.3% · Top 25%
Operating margin (TTM)−8.2% · Bottom 25%
Growth and dividend
Revenue growth−58.8% · Bottom 25%
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Confectioners median · lower = cheaper
P/E (TTM)35.0× · Priciest 25%
P/B2.23× · Priciest 25%
P/S (TTM)2.55× · Priciest 25%
P/FCF0.1× · Cheaper than median
EV/EBITDA21.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)0· sector 0
PAST (return on equity)32· sector 26
HEALTH (low debt)100· sector 89
DIVIDEND (yield)7· sector 53
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Bannari Amman Sugars Limited (BANARISUG) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹2,005 versus a price of ₹3,402, about −41% upside (overvalued).
What is the fair value of BANARISUG?
Our model-based fair value for Bannari Amman Sugars Limited is ₹2,005 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹3,402.
What is the quality score of BANARISUG?
Bannari Amman Sugars Limited has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bannari Amman Sugars Limited (BANARISUG)?
Our model-based price target is the fair value of ₹2,005 (as of Sep 27, 2026) from 26 valuation models. Cautious scenario ₹1,504, optimistic scenario ₹2,507. It is a calculation from audited fundamentals, not an analyst target.
What is the Bannari Amman Sugars Limited stock forecast for 2026?
Our models put fair value at ₹2,005, about −41% upside versus a price of ₹3,402 (overvalued). Cautious scenario ₹1,504, optimistic scenario ₹2,507. The calculation is refreshed regularly with new filings.
What is the revenue of Bannari Amman Sugars Limited (BANARISUG)?
Bannari Amman Sugars Limited reported trailing-twelve-month revenue of about ₹16.7B (latest available figure, as of Sep 27, 2026).
Does Bannari Amman Sugars Limited pay a dividend?
Bannari Amman Sugars Limited currently shows a dividend yield of about 0.37% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Bannari Amman Sugars Limited (BANARISUG)?
For today's price to be fair in a discounted-cash-flow model, Bannari Amman Sugars Limited would have to grow free cash flow by +1.8 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.0 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of BANARISUG use?
Our models discount Bannari Amman Sugars Limited at 12.4 %: a base by market capitalisation (small), damped by beta 0.19, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bannari Amman Sugars Limited that is +1.8 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Bannari Amman Sugars Limited (BANARISUG) delivered so far?
Over the past 5 years revenue at Bannari Amman Sugars Limited grew +5.0 % a year. The price currently implies +1.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bannari Amman Sugars Limited (BANARISUG) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Bannari Amman Sugars Limited (+1.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bannari Amman Sugars Limited (BANARISUG)?
The free-cash-flow yield on the price is 9.63 %: that much free cash flow Bannari Amman Sugars Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bannari Amman Sugars Limited (BANARISUG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bannari Amman Sugars Limited it is ₹2,005 per share (as of Sep 27, 2026), against a price of ₹3,402. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Bannari Amman Sugars Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, BANARISUG trades above its calculated fair value: price ₹3,402, fair value ₹2,005, a gap of about −41% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BANARISUG?
No. The price is what the market pays today (₹3,402); the fair value is what the company's own numbers justify (₹2,005). For Bannari Amman Sugars Limited the two are ₹1,397 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bannari Amman Sugars Limited worth?
The market values Bannari Amman Sugars Limited at about ₹42.7B (market capitalisation, as of Sep 27, 2026). Per share that is ₹3,402; our models calculate a fair value of ₹2,005 per share.
What do the bullish and bearish scenarios say about BANARISUG?
Our models span a range for Bannari Amman Sugars Limited: cautious scenario ₹1,504, base ₹2,005, optimistic ₹2,507 per share (as of Sep 27, 2026, price ₹3,402). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BANARISUG?
Bannari Amman Sugars Limited trades at a price-to-earnings ratio of 35.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹2,005 is built from several models across several years. Other multiples: P/B 2.2, P/S 2.6, EV/EBITDA 21.1.
How solid is the balance sheet of Bannari Amman Sugars Limited (BANARISUG)?
Balance-sheet figures for Bannari Amman Sugars Limited (as of Sep 27, 2026): return on equity 8.0%, debt of 0.00 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is BANARISUG from its 52-week high?
Bannari Amman Sugars Limited trades at ₹3,402, about 19% below its 52-week high of ₹4,225 and 4% above the low of ₹3,258 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹2,005 is for.
Which stocks are comparable to Bannari Amman Sugars Limited?
From the same area (Consumer Defensive) we also value Mondelez International, Inc, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Barry Callebaut AG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bannari Amman Sugars Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹3,402, calculated fair value ₹2,005 (−41%), Quality Score 67/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BANARISUG calculated?
We run Bannari Amman Sugars Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹2,005, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. Bannari Amman Sugars Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bannari Amman Sugars Limited (BANARISUG)?
The closing price on Sep 25, 2026 was ₹3,402. Our model-based fair value is ₹2,005, about −41% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bannari Amman Sugars Limited right now?
The price sits above even our optimistic bull case (₹2,507). The favourable scenario is already priced in. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Bannari Amman Sugars Limited (BANARISUG) come from?
Earnings per share at Bannari Amman Sugars Limited grew +8.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +3.1 %, EBIT margin −2.5 %, tax rate −1.5 %, residual (interest, one-offs) +9.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Bannari Amman Sugars Limited
How large is the market capitalisation of Bannari Amman Sugars Limited (BANARISUG)?
The market capitalisation of Bannari Amman Sugars Limited is ₹42.7B (≈ $445M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bannari Amman Sugars Limited (BANARISUG)?
The price-to-sales ratio of Bannari Amman Sugars Limited is 2.70 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bannari Amman Sugars Limited (BANARISUG)?
Earnings per share at Bannari Amman Sugars Limited are ₹97.18 (price ÷ EPS = P/E 35.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bannari Amman Sugars Limited (BANARISUG)?
The dividend yield of Bannari Amman Sugars Limited is 0.4% (payout 12.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Bannari Amman Sugars Limited (BANARISUG)?
The net margin of Bannari Amman Sugars Limited is 7.7% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bannari Amman Sugars Limited (BANARISUG)?
The return on equity (ROE) of Bannari Amman Sugars Limited is 8.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bannari Amman Sugars Limited (BANARISUG)?
On an EBIT basis the return on assets of Bannari Amman Sugars Limited is 8.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bannari Amman Sugars Limited (BANARISUG)?
The operating margin of Bannari Amman Sugars Limited is −8.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bannari Amman Sugars Limited (BANARISUG)?
Revenue at Bannari Amman Sugars Limited is growing −58.8% versus a year earlier (3y avg −8.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bannari Amman Sugars Limited (BANARISUG)?
Earnings per share at Bannari Amman Sugars Limited are growing +18.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Bannari Amman Sugars Limited (BANARISUG) hold?
Bannari Amman Sugars Limited holds more cash than debt, ₹47.7M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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