Bannari Amman Spinning Mills Ltd (BASML.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-325.5%

-₹46.12

vs ₹20.45 price

Levered DCF

₹13.27

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	9.81×	28.03×	-12.54×	-7.88×	9.16×	-16.72×	42.88×	13.5×
P/B	0.28×	0.53×	0.69×	0.55×	1.06×	0.61×	0.34×	0.9×
P/S	0.16×	0.22×	0.3×	0.17×	0.31×	0.18×	0.09×	0.24×
EV / EBITDA	5.72×	13.46×	15.75×	38.83×	5.8×	9.37×	6.76×	8.05×
Gross margin	18.7%	7.1%	2.5%	26.4%	26.6%	25.7%	26.0%	26.4%
Operating margin	6.7%	18.2%	0.5%	1.3%	8.7%	4.6%	5.8%	7.2%
Net margin	1.6%	0.8%	-2.4%	-2.1%	3.4%	-1.1%	0.2%	1.8%
Current ratio	1.06×	1.13×	1.33×	1.32×	1.33×	0.86×	0.9×	0.9×
Debt / equity	0.84×	1.97×	1.27×	1.48×	1.15×	1.93×	2.18×	2.32×
Interest coverage	1.35×	3.56×	0.09×	0.31×	2.5×	0.75×	0.9×	1.24×
Dividend yield	0.0%	0.0%	0.9%	1.7%	0.0%	0.0%	2.9%	1.1%
Payout ratio	0.0%	0.0%	-10.8%	-13.1%	0.0%	0.0%	125.5%	14.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.9%	2.0%	-5.5%	-7.0%	11.6%	-3.6%	0.8%	6.7%
Return on invested capital	4.5%	7.4%	0.3%	1.1%	8.2%	4.2%	3.6%	7.1%
Return on assets	1.4%	0.7%	-1.8%	-2.3%	4.2%	-1.0%	0.2%	1.7%
Free cash flow yield	0.9%	-1.7%	39.3%	-18.7%	3.8%	72.1%	108.4%	14.0%
Earnings yield	10.2%	3.8%	-8.0%	-12.7%	10.9%	-6.0%	2.3%	7.4%
Enterprise value	₹5.3B	₹9B	₹7.7B	₹8.4B	₹9.8B	₹7.5B	₹7.5B	₹10B
Net debt / EBITDA	4.26×	10.61×	10.15×	28.11×	2.96×	7.08×	5.81×	5.77×
Cash conversion cycle (days)	139	138	113	138	97	129	146	161