Bannari Amman Spinning MillsNSE:BASML +1.74%66 Quick Ratio is 0.58 as of Mar. 2026, which is 16% above its 10-year median of 0.50. GuruFocus rates NSE:BASML with a GF Score™ of 66/100 and a GF Value™ of ₹33.41 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,068 Manufacturing - Apparel & Accessories companies, Bannari Amman Spinning Mills ranks worse than 78.09% on this metric.
Bannari Amman Spinning Mills (NSE:BASML) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Bannari Amman Spinning Mills Quick Ratio Related Terms
Bannari Amman Spinning Mills Quick Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bannari Amman Spinning Mills Quick Ratio Competitor Comparison
For the Textile Manufacturing subindustry, Bannari Amman Spinning Mills's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bannari Amman Spinning Mills Quick Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bannari Amman Spinning Mills's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Bannari Amman Spinning Mills's Quick Ratio falls into.
Bannari Amman Spinning Mills Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bannari Amman Spinning Mills (NSE:BASML) has a Quick Ratio of 0.58 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Bannari Amman Spinning Mills and its competitors. This is 16% above median its historical median of 0.50. Over the past decade, Bannari Amman Spinning Mills' Quick Ratio has ranged from 0.30 to 0.94. According to the industry distribution chart, Bannari Amman Spinning Mills ranks #834 out of 1068 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 78.1%.
Is Bannari Amman Spinning Mills' Quick Ratio too high?
Bannari Amman Spinning Mills' current Quick Ratio of 0.58 is 16% above median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.94. The Manufacturing - Apparel & Accessories industry median Quick Ratio is 1.10. Bannari Amman Spinning Mills' value of 0.58 is 47.3% below this industry median. Based on the distribution chart, Bannari Amman Spinning Mills ranks #834 out of 1068 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Bannari Amman Spinning Mills has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bannari Amman Spinning Mills' Quick Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Bannari Amman Spinning Mills ranks #834 out of 1068 companies for Quick Ratio. This places Bannari Amman Spinning Mills in the lower half of its industry. The industry median Quick Ratio is 1.10. Bannari Amman Spinning Mills' value of 0.58 is 47.3% below this benchmark. Historically, Bannari Amman Spinning Mills' own Quick Ratio has ranged from 0.30 to 0.94 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 1.10, Bannari Amman Spinning Mills has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Manufacturing - Apparel & Accessories company?
The median Quick Ratio among Manufacturing - Apparel & Accessories companies is 1.10, based on 1,068 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bannari Amman Spinning Mills's current Quick Ratio of 0.58 is 47.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Bannari Amman Spinning Mills and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Quick Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bannari Amman Spinning Mills's current Quick Ratio is 0.58, which is 16% above median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bannari Amman Spinning Mills stock overvalued right now?
Based on GuruFocus' analysis, Bannari Amman Spinning Mills (NSE:BASML) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹33.41, compared to a current price of ₹28.08 — trading 16% below its estimated fair value. The current Quick Ratio is 0.58, which is 16% above median its 10-year median of 0.50 and 47.3% below the Manufacturing - Apparel & Accessories industry median of 1.10. Bannari Amman Spinning Mills' overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Bannari Amman Spinning Mills (NSE:BASML), the current Quick Ratio is 0.58 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Bannari Amman Spinning Mills (NSE:BASML) Overvalued in 2026?
Based on GuruFocus' analysis, Bannari Amman Spinning Mills stock appears to be undervalued.
The current stock price of ₹28.08 is trading 16% below its estimated GF Value™ of ₹33.41.
GuruFocus considers Bannari Amman Spinning Mills to be Modestly Undervalued.
Key valuation signals for NSE:BASML:
Quick Ratio: 0.58 (16% above median its 10-year median of 0.50)
GF Value™: ₹33.41 vs. price of ₹28.08 (16% below fair value)
Industry Position: 47.3% below the Manufacturing - Apparel & Accessories median (#834 of 1068)
No single metric tells the full story. See the NSE:BASML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bannari Amman Spinning Mills Ltd is an integrated textile company engaged in the manufacture of cotton yarn, knitted & woven fabrics, processing of fabrics, finished garments, home textiles, and wind power generation. It operates through the Textiles segment. Its divisions include Spinning, Weaving, Knitting, Home Textiles, and Windmills. It has one reportable segment as Textile. Geographically, the group has a business presence in India and other countries, from which key revenue is derived within India.
66GF Score
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