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Bannari Amman Spinning Mills Limited (BASML)

₹21.68 +0.84% last close, 16 Oct

📊 NSE: BASML 🏢 Textiles - Cotton/Blended 📢 Latest filing: 07 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Bannari Amman's revenue was ₹217 Cr, and net profit ₹13.7 Cr (against a loss a year earlier); the operating margin was 8.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹217	—	-1.9%
Operating profit	₹18.8	from loss	-8.1%
Net profit	₹13.7	from loss	+892.3%
EPS (₹)	1.71	+200.0%	+905.9%
Operating margin	8.7%	—	—

Full quarterly financials → Results calendar →

BASML delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 71.37% of the BASML shares traded on NSE were taken to delivery, against the stock's own 20-session average of 79.92%. That is lower than usual for this stock. Turnover was only ₹4 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal. It closed at a price band (circuit) on 1 session in about the last 20.

71.37%Delivery, 16 Oct

79.92%Own 20-session average

0.3×Volume vs its average

₹21.68NSE close · +0.84%

Delivery in the last 5 sessions: 84.9% · 83.0% · 78.3% · 89.8% · 71.4%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Bannari Amman Spinning Mills Files Q2 FY27 Demat Compliance Under Regulation 74(5)

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 07 Oct 2026, 03:52 PM

Bannari Amman Spinning Mills Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September 2026. The certificate, provided by Registrar & Transfer Agent MUFG Intime India Private Limited, confirms that security certificates received for dematerialisation were processed and confirmed within 15 days of receipt. The accepted share certificates have been mutilated, cancelled, and the depository names were updated in the register of members. This is a standard procedural filing with no operational or financial impact.

Regulation 74(5) certificate submitted for the quarter ended 30th September 2026
RTA confirmed processing of demat requests within 15 days of receipt
Certificate issued by RTA MUFG Intime India Pvt Ltd dated 03-10-2026
Filing dispatched to stock exchanges and depositories on 07.10.2026

💡 No action required; this is a routine administrative compliance filing. Investors should track upcoming Q2 FY27 quarterly financial results.

BASML Shareholders Approve MD Re-appointment and FY26 Financials at 36th AGM

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 11 Aug 2026, 05:32 PM

Bannari Amman Spinning Mills Limited (BASML) successfully passed all five resolutions at its 36th Annual General Meeting held on August 10, 2026. Key approvals include the adoption of FY26 financial statements, declaration of a dividend, and the re-appointment of S.V. Arumugam as Managing Director for a three-year term. The voting saw high participation with approximately 39.83 million votes polled, representing a significant portion of the share capital. While the MD's re-appointment was approved, it saw a minor abstention of 2.13% of the polled votes.

5 resolutions passed with requisite majority during the AGM held on August 10, 2026
39,833,468 total votes polled for each resolution, representing high shareholder participation
99.98% of votes cast in favor of adopting the FY26 Standalone and Consolidated Financial Statements
97.85% approval for the re-appointment of Sri S V Arumugam as Managing Director for 3 years
849,071 votes (2.13%) abstained from the resolution regarding the Managing Director's re-appointment

💡 Investors should monitor the upcoming dividend payout timeline and the company's progress on its stated debt reduction strategy, specifically the Rs 153 Cr asset sale and Rs 50 Cr rights issue.

BASML Approves ₹0.25 Dividend and Re-appoints MD at 36th AGM

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 10 Aug 2026, 04:46 PM

Bannari Amman Spinning Mills Limited (BASML) held its 36th Annual General Meeting on August 10, 2026, where shareholders approved a dividend of ₹0.25 per equity share (5% of face value). The company re-appointed Sri S V Arumugam as Managing Director for a three-year term starting June 27, 2026, with a monthly salary of ₹15 lakh plus commission. The audited financial statements for FY26 were adopted, showing a TTM PAT of ₹10 Cr. Additionally, the remuneration for the cost auditor was ratified at ₹1 lakh for the fiscal year.

Approved a dividend of ₹0.25 per equity share of ₹5 face value for the financial year ended March 31, 2026
Re-appointed Sri S V Arumugam as Managing Director for 3 years with a monthly salary of ₹15,00,000
MD remuneration includes a commission component capped at 10% of the company's net profits
Ratified remuneration of ₹1,00,000 for Cost Auditor Sri M Nagarajan for FY26
Meeting attended by 89 members (2 from Promoter group and 87 from the Public)

💡 Investors should focus on the execution of the previously announced ₹153 Cr asset sale and ₹50 Cr rights issue, which are more material to the company's high debt levels (₹397 Cr) than these routine AGM approvals.

BASML Q1 Net Profit Jumps 175% to ₹13.82 Cr; Revenue Flat at ₹216.51 Cr

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 10 Aug 2026, 04:13 PM

Bannari Amman Spinning Mills (BASML) reported a flat top-line for Q1 FY27 with revenue at ₹216.51 Cr compared to ₹217.39 Cr YoY. Despite stagnant revenue, Net Profit surged 175% to ₹13.82 Cr, primarily driven by a significant deferred tax credit of ₹11.36 Cr following the adoption of a new tax regime. Operationally, Profit Before Tax (PBT) actually declined to ₹2.46 Cr from ₹7.24 Cr YoY, indicating margin pressure. Additionally, the company forfeited ₹6.55 Cr from non-payment of share warrants, transferring this amount to capital reserves.

Net Profit increased to ₹13.82 Cr from ₹5.03 Cr in the previous year's corresponding quarter.
Revenue from operations remained nearly flat at ₹216.51 Cr, representing 33.1% of TTM revenue.
Deferred tax credit of ₹11.36 Cr significantly boosted the bottom line due to recomputation under the new tax regime.
Forfeited ₹6.55 Cr in warrant application money (Tranche I) transferred to capital reserves due to non-payment by subscribers.
Finance costs remained high at ₹10.31 Cr, consuming nearly 4.7% of quarterly revenue.

💡 Investors should look past the headline profit jump, which is tax-driven, and focus on the declining Profit Before Tax (PBT). Monitor the progress of the SIPCOT land sale and the potential conversion of Tranche II warrants (allotted at ₹36) which could impact liquidity.

Rs 13.82 Cr PAT; BASML Reports 161% YoY Profit Growth in Q1 FY27

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 10 Aug 2026, 03:51 PM

Bannari Amman Spinning Mills (BASML) reported a strong Q1 FY27 with net profit from continuing operations surging 161% YoY to Rs 13.82 Cr, despite flat revenue of Rs 216.51 Cr. The bottom line was significantly bolstered by the adoption of a new tax regime and improved operational margins. A key balance sheet event was the forfeiture of Rs 6.55 Cr in warrant application money (Tranche I) due to non-payment, which has been transferred to capital reserves. While the garment unit divestment is complete, the company continues to hold SIPCOT land for sale to improve liquidity.

Net profit from continuing operations jumped to Rs 13.82 Cr from Rs 5.28 Cr in the same quarter last year.
Revenue from operations remained stable at Rs 216.51 Cr, representing approximately 33% of TTM revenue.
Forfeited Rs 6.55 Cr from Tranche I equity warrants due to non-payment of balance subscription.
Finance costs remained high but stable at Rs 10.31 Cr, compared to Rs 10.70 Cr YoY.
Basic EPS for continuing operations improved to Rs 1.73 from Rs 0.73 YoY.

💡 Investors should monitor the sustainability of these improved margins and the progress of the SIPCOT land sale, which is critical for reducing the company's Rs 397 Cr debt burden.

Aug 10, 2026: Board Meeting Scheduled to Approve Q1 Unaudited Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 24 Jul 2026, 05:38 PM

Bannari Amman Spinning Mills Limited (BASML) has scheduled a board meeting for August 10, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. In compliance with SEBI Insider Trading regulations, the trading window for insiders has been closed since July 1, 2026, and will remain so until August 12, 2026. This is a routine regulatory filing ahead of the quarterly earnings release. Investors should evaluate the upcoming results against the company's TTM revenue of Rs 653 Cr and its current debt position of Rs 397 Cr.

Board meeting to be held on August 10, 2026, for Q1 FY27 results approval
Trading window closure period defined from July 1, 2026, to August 12, 2026
Company reports a TTM revenue of Rs 653 Cr and a market cap of Rs 144 Cr
Debt-to-Equity ratio stands at 0.82 with total debt of Rs 397 Cr
Promoter holding remains stable at 49.55% as of March 2026

💡 Monitor the August 10 results for updates on the Rs 153 Cr asset sale to S.P. Apparels and any improvement in operating margins from the current 9.6%.

BASML rectifies clerical error in Q4 FY26 XBRL filing following NSE clarification

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 21 Jul 2026, 07:12 PM

Bannari Amman Spinning Mills Limited (BASML) has responded to a clarification sought by the National Stock Exchange (NSE) regarding its financial results for the quarter ended March 31, 2026. The company admitted to a clerical oversight where yearly figures were inadvertently submitted in the XBRL filing instead of quarterly figures. The error has been rectified and a corrected filing has been submitted. This is a procedural correction and does not impact the company's reported financial performance for the period.

NSE sought clarification on June 25, 2026, regarding discrepancies in the XBRL filing for the quarter ended March 31, 2026
Company admitted to inadvertently uploading yearly figures instead of quarterly figures due to clerical oversight
Corrected filing was submitted to the exchange on June 26, 2026
Company maintains a TTM revenue of ₹653 Cr and a market cap of ₹148 Cr

💡 Investors should note that this is a routine administrative correction. No action is required, though it highlights the importance of verifying data across multiple sources when clerical errors occur in exchange filings.

August 3, 2026 Set as Record Date for Dividend by Bannari Amman Spinning Mills

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 15 Jul 2026, 05:59 PM

Bannari Amman Spinning Mills Limited (BASML) has fixed August 3, 2026, as the record date for its dividend and the 36th Annual General Meeting (AGM). The AGM is scheduled for August 10, 2026, with the dividend payment to be completed by September 8, 2026. This follows a fiscal year where the company generated Rs 653 Cr in TTM revenue and Rs 10 Cr in PAT. The company is currently focused on debt reduction, with total debt standing at Rs 397 Cr against a net worth of Rs 483 Cr.

Record date for dividend eligibility is August 3, 2026
36th Annual General Meeting is scheduled for August 10, 2026
Dividend payment will be made on or before September 8, 2026
Remote e-voting period is from August 7 to August 9, 2026

💡 Investors should monitor the upcoming AGM for updates on the Rs 153 Cr asset sale to S.P. Apparels and the progress of the proposed healthcare diversification.

Rs 0.25 Dividend: BASML Sets Aug 3 as Record Date for AGM and E-voting

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 14 Jul 2026, 05:45 PM

Bannari Amman Spinning Mills Limited (BASML) has announced its 36th Annual General Meeting (AGM) for August 10, 2026. The company has proposed a dividend of Rs 0.25 per share, representing 5% of the equity share capital. The record date for determining eligibility for both remote e-voting and the dividend payout is August 3, 2026. Shareholders can expect the dividend payment on or before September 8, 2026.

Proposed dividend of Rs 0.25 per share (5% on equity share capital)
Record date for remote e-voting and dividend eligibility is August 3, 2026
36th Annual General Meeting scheduled for August 10, 2026
Dividend payment date set for on or before September 8, 2026
Book closure period from August 4, 2026, to August 10, 2026

💡 Investors interested in the dividend should ensure they hold shares before the record date of August 3, 2026. Monitor the AGM for updates on the company's debt reduction strategy and the proposed diversification into healthcare.

₹0.25 Dividend Declared; BASML Schedules 36th AGM for August 10, 2026

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 14 Jul 2026, 05:38 PM

Bannari Amman Spinning Mills Limited (BASML) has announced its 36th Annual General Meeting (AGM) for August 10, 2026. The board has proposed a dividend of ₹0.25 per share, representing 5% of the equity share capital. This payout comes against a TTM EPS of ₹1.83, indicating a conservative payout ratio. The company is currently focused on debt reduction, having recently initiated a ₹153 Cr asset sale to S.P. Apparels to improve its financial position.

Proposed dividend of ₹0.25 per share (5% on equity share capital)
36th Annual General Meeting scheduled for August 10, 2026
Book closure period set from August 4, 2026, to August 10, 2026
Cut-off date for remote e-voting and dividend eligibility is August 3, 2026
Dividend payment to be completed on or before September 8, 2026

💡 Investors should monitor the AGM for updates regarding the execution timeline of the ₹153 Cr divestment and the progress of the proposed diversification into healthcare services.

BASML: Routine Compliance Certificate for Dematerialization (Q1 FY27)

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Jul 2026, 12:52 PM

Bannari Amman Spinning Mills Limited (BASML) has submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations for the period ending June 30, 2026. The filing confirms that the Registrar and Transfer Agent (RTA), MUFG Intime India Pvt Ltd, processed all dematerialization requests within the mandatory 15-day window. This includes the verification, mutilation, and cancellation of physical certificates and updating the register of members. This is a standard procedural filing required for all listed companies and has no impact on financial performance or operations.

Compliance certificate issued for the quarter ended 30th June 2026
Dematerialization requests processed within the prescribed 15-day timeline
Registrar and Transfer Agent (RTA) confirmed as MUFG Intime India Pvt Ltd
TTM Revenue stands at ₹653 Cr with a Debt/Equity ratio of 0.82

💡 This is a routine regulatory filing with no impact on business fundamentals. Investors should instead monitor the progress of the ₹153 Cr asset sale to S.P. Apparels and the company's debt reduction efforts.

BASML Outlook Improved to Stable; CARE Reaffirms BBB- Rating for ₹612.74 Cr Facilities

🟢 POSITIVE ⭐ 9/10

REGULATORY 📅 29 Jun 2026, 05:52 PM

CARE Ratings has reaffirmed Bannari Amman Spinning Mills Limited's (BASML) long-term rating at 'CARE BBB-' while upgrading the outlook from 'Negative' to 'Stable'. This revision applies to total bank facilities of ₹612.74 crore, a substantial amount representing approximately 94% of the company's TTM revenue. The outlook upgrade indicates a reduction in credit risk, likely supported by the company's ongoing deleveraging efforts, including a ₹153 crore asset sale and a ₹50 crore rights issue. While the company faces low ROCE (8.0%), the stabilized outlook suggests improved financial flexibility.

Outlook revised from 'Negative' to 'Stable' for ₹246.39 crore of Long Term Bank Facilities.
Total bank facilities rated by CARE Ratings amount to ₹612.74 crore.
Company is executing a ₹153 crore divestment of its garment unit to S.P. Apparels to improve liquidity.
Average working capital limit utilization stood at 78% for the 12 months ended February 2025.
TTM Revenue of ₹653 crore is nearly matched by the total rated debt facilities of ₹612.74 crore.

💡 Investors should monitor the successful closure of the ₹153 crore asset sale to S.P. Apparels, which is critical for the company's debt reduction strategy. Additionally, watch for the impact of raw cotton price volatility on the 9.6% operating margins in the next quarterly results.

BASML Announces Trading Window Closure from July 1, 2026, for Q1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Jun 2026, 04:51 PM

Bannari Amman Spinning Mills Limited (BASML) has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the company's consolidated unaudited financial results for the quarter ending June 30, 2026. The restriction applies to all designated persons and their immediate relatives. The trading window will reopen 48 hours after the financial results are officially disclosed to the stock exchanges.

Trading window closure effective from July 1, 2026.
Closure pertains to the Unaudited Financial Results for the quarter ended June 30, 2026.
Window to remain closed until 48 hours after the results declaration.
Applies to all Designated Persons and their immediate relatives under SEBI regulations.

💡 This is a standard regulatory procedure and does not impact the company's fundamentals. Investors should monitor the upcoming Q1 results for actual performance indicators.

BASML Recommends Rs 0.25 Dividend; FY26 Standalone Net Profit Drops 57% to Rs 15.65 Cr

🔴 NEGATIVE ⭐ 7/10

DIVIDEND 📅 29 May 2026, 08:56 PM

Bannari Amman Spinning Mills (BASML) has recommended a final dividend of Rs 0.25 per equity share for FY 2025-26. The company's full-year standalone performance for FY26 showed a significant decline, with net profit falling to Rs 15.65 crore from Rs 36.86 crore in the previous year. Revenue remained relatively flat at Rs 870.32 crore compared to Rs 887.36 crore in FY25. The board also approved the re-appointment of S V Arumugam as Managing Director and the forfeiture of 42.25 lakh share warrants.

Recommended a final dividend of Rs 0.25 per equity share for the financial year ended March 31, 2026.
Standalone Net Profit for FY26 declined by 57.5% year-on-year to Rs 1,565.20 lakhs.
Total annual revenue for FY26 stood at Rs 87,742.06 lakhs versus Rs 89,030.12 lakhs in FY25.
Board approved the forfeiture of 42,25,806 share warrants issued in November 2024.
Re-appointed Sri S V Arumugam as Managing Director for a three-year term effective June 27, 2026.

💡 Investors should exercise caution as the sharp decline in profitability indicates significant margin pressure despite stable revenues. The low dividend yield and warrant forfeiture suggest a need to closely monitor the company's operational efficiency and capital management.

BASML FY26 Net Profit Drops 57% to ₹15.65 Cr; Declares ₹0.25 Dividend

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 29 May 2026, 08:51 PM

Bannari Amman Spinning Mills (BASML) reported a standalone revenue of ₹870.32 crore for FY26, a slight decline from ₹887.36 crore in FY25. Net profit witnessed a sharp decline of approximately 57.5%, falling to ₹15.65 crore compared to ₹36.86 crore in the previous fiscal year. Despite the lower earnings, the board has recommended a dividend of ₹0.25 per share. The company also announced the forfeiture of 42.25 lakh share warrants and the re-appointment of its Managing Director for a three-year term.

Standalone Revenue for FY26 stood at ₹87,032.40 Lakhs, down from ₹88,735.86 Lakhs in FY25.
Net Profit for the full year decreased significantly to ₹1,565.20 Lakhs from ₹3,686.05 Lakhs in the prior year.
Board recommended a dividend of ₹0.25 per equity share for the financial year 2025-2026.
Forfeiture of 42,25,806 share warrants originally issued on November 4, 2024.
Re-appointment of Sri S V Arumugam as Managing Director for a 3-year term effective June 27, 2026.

💡 Investors should exercise caution as the company faces significant margin pressure, evidenced by the sharp drop in net profit despite relatively stable revenues. Monitor the impact of the warrant forfeiture on the capital structure and the company's ability to manage rising costs in the textile sector.

View All BASML Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total Operating Income declined 15% YoY to INR 1,095.78 Cr in FY23 and further to INR 663.81 Cr in FY24. Segment contributions in FY23: Yarn (56.3%), Fabric (26.7%), Processing (4.1%), and Garments (4.9%).

Geographic Revenue Split

Domestic sales accounted for 96% of total income in FY23, while exports dropped significantly from 22% in FY22 to 4% in FY23 due to global demand slowdown.

Profitability Margins

Net Profit Margin was -2.73% in FY24 (Net Loss of INR 34.84 Cr in FY23) compared to 4.14% in FY22; Operating Profit Margin stood at 1.61% in FY24, projected to recover to 9.93% by FY25.

EBITDA Margin

PBILDT margin was 2.19% in FY23, a sharp decline from 11.64% in FY22, primarily due to high raw cotton prices and reduced capacity utilization.

Capital Expenditure

No major expansion planned; focus is on asset monetization including the sale of the garment unit and YBAPL subsidiary for INR 153 Cr to reduce debt.

Credit Rating & Borrowing

CARE BBB (Negative) / CARE A3+; interest coverage was weak at 0.50x in FY23 and 0.74x in FY24, indicating high sensitivity to borrowing costs.

⚙️ Operational Drivers

Raw Materials

Raw cotton is the primary raw material, representing the majority of input costs for the spinning and weaving operations.

Import Sources

Sourced domestically from Indian textile hubs; prices are heavily influenced by national Minimum Support Price (MSP) and monsoon vagaries.

Capacity Expansion

Current installed capacity: 145,440 spindles, 153 looms, 7,200 TPA knitting, and 5,400 TPA processing. Planned: Divestment of garment unit and YBAPL subsidiary.

Raw Material Costs

Susceptible to volatile cotton prices which increased significantly in H1FY23, leading to a net loss of INR 34.84 Cr in FY23; procurement is impacted by government MSP.

Manufacturing Efficiency

Working capital limit utilization averaged 78% over the 12 months ended February 2025; inventory turnover ratio was 2.92 in FY24.

📈 Strategic Growth

Growth Strategy

Debt reduction through INR 153 Cr asset sale and INR 50 Cr rights issue to improve financial stability; exploring diversification into healthcare services.

Products & Services

Cotton yarn, woven fabric, knitted fabric, and garments (garment unit being divested).

Brand Portfolio

Bannari Amman Spinning Mills Limited (BASML).

New Products/Services

Proposal to venture into healthcare services is in nascent stages with no specific revenue contribution % yet defined.

Market Expansion

Targeting domestic textile hubs (Tirupur, Kolkata, Kanpur) and monitoring export markets (China, Bangladesh, Europe) for demand recovery.

Strategic Alliances

MoU with S.P. Apparels Limited for the sale of the garment unit and YBAPL subsidiary for INR 153 Cr.

🌍 External Factors

Industry Trends

Long-term demand supported by urbanization and government schemes like PLI and RoDTEP, despite near-term volatility in cotton prices.

Competitive Landscape

Pressured by high domestic cotton prices and global competition from other low-cost textile manufacturing hubs.

Competitive Moat

35-year operational history and promoter support from the Bannari Amman Group provide experience and funding support during liquidity crunches.

Macro Economic Sensitivity

Highly sensitive to global inflation and domestic cotton MSP; exports dropped by 18 percentage points in one year due to recessionary pressures.

Consumer Behavior

Increasing urbanization and rising disposable incomes in India are driving domestic demand for textiles and apparel.

Geopolitical Risks

Trade barriers and global demand shifts; however, the 'China + 1' strategy provides a potential long-term tailwind for Indian textile exports.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to cotton MSP, export quotas, and manufacturing standards; benefits from RoDTEP and RoSCTL schemes.

Environmental Compliance

ESG risks are currently noted as 'Not applicable' in the credit rating assessments for the current manufacturing scope.

Legal Contingencies

Pending litigations are disclosed in Note 38 of the standalone financial statements; no material foreseeable losses on long-term or derivative contracts reported.