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International Journal of Creative and Open Research in Engineering and Management

A Peer-Reviewed, Open-Access International Journal Supporting Multidisciplinary Research, Digital Publishing Standards, DOI Registration, and Academic Indexing.
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ISSN: 3108-1754 (Online)
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ISO Certification: 9001:2015
Publication Fee: 599/- INR
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License: CC BY 4.0
Peer Review: Double Blind
Volume 02, Issue 05

Published on: May 2026

A STUDY ON FINANCIAL PERFORMANCE ANALYSIS OF BANNARI AMMAN SPINNING MILLS LIMITED, COIMBATORE

Ishwarya J

Dr. A. G. Sudha

Department of Management Studies Coimbatore Institute of Technology (Autonomous)

Coimbatore – 641 014 Tamil Nadu

Article Status

Plagiarism Passed Peer Reviewed Open Access

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Abstract

This study presents a comprehensive financial performance analysis of Bannari Amman Spinning Mills Limited (BASML), a BSE and NSE listed cotton textile company headquartered in Coimbatore, Tamil Nadu (BSE Code: 532674), over six financial years from FY 2019-20 to FY 2024-25. Using fourteen analytical frameworks - including Altman Z-Score, DuPont 3-Factor Analysis, Pareto Cost Analysis, Pearson Correlation, Coefficient of Variation, OLS Regression Forecasting, Cash Flow Quality Assessment, CAGR Analysis, Scenario Analysis, Segment Profitability, Value Added Statement, Trend Analysis, Profit Reconciliation, and Production & Cost Efficiency - the study analyses audited standalone financial data sourced directly from the company's annual reports filed with BSE. Key findings reveal that BASML reported net losses from continuing operations in four of six years (FY2021, FY2023, FY2024, FY2025), fell in the Altman Z-Score Distress Zone in five of six years, and experienced negative operating cash flows for four consecutive years (FY2021–FY2024). Total Income peaked at ₹1,28,968 lakhs in FY2022 but declined 31% to ₹89,030 lakhs by FY2025. Raw material cost dominates at 70.9% of six-year cumulative costs. The wind energy segment is the most profitable business division. FY2025 shows early recovery - positive operating cash flow of ₹5,523 lakhs and improved working capital management. The study concludes with actionable recommendations on yarn premiumisation, debt reduction, working capital discipline, and wind energy expansion.

Keywords - Financial Performance; Altman Z-Score; DuPont Analysis; Bannari Amman Spinning Mills; Textile Industry; Cash Flow Quality; Pareto Analysis; CAGR

 

How to Cite this Paper

J, I. (2026). A Study on Financial Performance Analysis of Bannari Amman Spinning Mills Limited, Coimbatore. International Journal of Creative and Open Research in Engineering and Management, <i>02</i>(05). https://doi.org/10.55041/ijcope.v2i5.020

J, Ishwarya. "A Study on Financial Performance Analysis of Bannari Amman Spinning Mills Limited, Coimbatore." International Journal of Creative and Open Research in Engineering and Management, vol. 02, no. 05, 2026, pp. . doi:https://doi.org/10.55041/ijcope.v2i5.020.

J, Ishwarya. "A Study on Financial Performance Analysis of Bannari Amman Spinning Mills Limited, Coimbatore." International Journal of Creative and Open Research in Engineering and Management 02, no. 05 (2026). https://doi.org/https://doi.org/10.55041/ijcope.v2i5.020.

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References

Bannari Amman Spinning Mills Ltd. (2020-2025). Annual Reports. BASML Investor Relations - Annual Reports BSE Repository: Bannari Amman Spinning Mills Ltd. (532674) Filings

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  • Published on: May 03 2026
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