Bhandari Hosiery Exports Ltd

Bhandari Hosiery Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bhandari Hosiery Exports Ltd

₹ 5.74 -0.52%
21 Feb - close price
bhandariexport.com BSE: 512608 NSE: BHANDARI
About

Incorporated in 1994, Bhandari Hosiery Exports Ltd is in the business of textiles and garment manufacturing[1]

Key Points

Business Overview:[1][2]
Incorporated in 1994, BHEL manufactures high-fashion knitted garments at its unit in Ludhiana, Punjab. Mr Naresh Bhandari and Mr Nitin Bhandari manage operations. Company is a part of the Bhandari group. It is a fully integrated textile company that specializes in circular knitted manufacturing. BHEL is engaged in the design, development, knitting, dyeing, finishing, and garmenting and provides fashion supply for retailers and brands worldwide.

Website BSE NSE
  • Market Cap ₹ 138 Cr.
  • Current Price ₹ 5.74
  • High / Low ₹ 10.8 / 5.25
  • Stock P/E 20.4
  • Book Value ₹ 6.25
  • Dividend Yield 0.35 %
  • ROCE 9.65 %
  • ROE 7.00 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 0.92 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.06% over past five years.
  • Promoter holding is low: 31.0%
  • Company has a low return on equity of 7.61% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
68.36 93.85 46.41 70.52 55.90 110.41 54.11 63.52 60.27 88.83 58.06 68.26 63.00
62.90 88.14 41.14 64.53 49.78 104.44 48.97 57.10 53.98 81.64 51.00 61.87 55.73
Operating Profit 5.46 5.71 5.27 5.99 6.12 5.97 5.14 6.42 6.29 7.19 7.06 6.39 7.27
OPM % 7.99% 6.08% 11.36% 8.49% 10.95% 5.41% 9.50% 10.11% 10.44% 8.09% 12.16% 9.36% 11.54%
0.00 0.11 0.01 0.00 0.01 0.07 0.01 0.00 0.03 0.29 0.00 0.09 0.03
Interest 2.68 2.45 2.41 2.56 2.68 2.69 2.20 2.85 2.86 3.28 3.21 2.68 2.76
Depreciation 1.28 1.28 1.51 1.38 1.34 0.97 1.27 1.30 1.31 1.56 1.95 1.48 1.73
Profit before tax 1.50 2.09 1.36 2.05 2.11 2.38 1.68 2.27 2.15 2.64 1.90 2.32 2.81
Tax % 16.00% 6.70% 0.00% 12.20% 15.64% 33.61% 14.29% 25.55% 17.67% 38.26% 25.26% 28.02% 27.76%
1.25 1.95 1.36 1.81 1.77 1.57 1.44 1.68 1.77 1.64 1.43 1.67 2.02
EPS in Rs 0.05 0.08 0.06 0.08 0.07 0.07 0.06 0.07 0.07 0.07 0.06 0.07 0.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
95 110 125 198 214 248 266 277 225 283 282 266 278
87 102 117 183 201 231 246 255 207 260 259 241 250
Operating Profit 8 8 8 15 13 17 20 21 18 23 23 25 28
OPM % 9% 7% 6% 8% 6% 7% 7% 8% 8% 8% 8% 9% 10%
0 0 -0 0 0 0 0 0 0 0 0 0 0
Interest 3 4 4 7 5 7 9 10 11 10 10 11 12
Depreciation 1 1 1 3 3 4 4 5 5 5 5 5 7
Profit before tax 4 3 3 5 5 6 6 6 2 7 8 9 10
Tax % 34% 29% 27% 26% 20% 16% 15% 15% 21% 8% 17% 25%
3 2 2 4 4 5 5 5 2 6 7 7 7
EPS in Rs 0.12 0.08 0.09 0.17 0.18 0.21 0.22 0.22 0.07 0.26 0.27 0.27 0.28
Dividend Payout % 0% 0% 7% 4% 3% 3% 3% 3% 9% 2% 2% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 0%
3 Years: 6%
TTM: -4%
Compounded Profit Growth
10 Years: 13%
5 Years: 4%
3 Years: 56%
TTM: 5%
Stock Price CAGR
10 Years: 8%
5 Years: 43%
3 Years: 0%
1 Year: -39%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 8%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 15 15 15 15 15 15 15 15 15 15 15 16 24
Reserves 33 35 37 40 44 49 54 59 61 67 72 83 126
23 29 47 55 73 82 87 105 108 103 104 122 92
14 10 17 15 17 26 24 26 24 33 24 28 28
Total Liabilities 85 88 116 125 149 172 180 205 207 218 216 249 270
21 20 44 41 46 56 53 65 60 56 52 79 76
CWIP 12 9 0 0 1 0 1 0 2 0 1 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
51 58 72 84 103 115 126 140 145 162 162 170 194
Total Assets 85 88 116 125 149 172 180 205 207 218 216 249 270

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 -3 -7 -6 2 -3 -2 -0 4 12 16
0 0 -15 -0 -9 -14 -2 -17 -2 1 -3 -29
0 0 17 8 14 13 5 18 3 -5 -10 12
Net Cash Flow 0 0 -1 1 -1 1 -0 -1 1 0 -0 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 39 50 57 56 72 68 58 70 83 89 89 81
Inventory Days 181 156 166 101 96 105 117 121 159 125 137 157
Days Payable 53 25 47 21 21 25 19 18 18 20 22 33
Cash Conversion Cycle 167 181 176 136 146 147 156 173 224 194 204 205
Working Capital Days 149 166 166 130 125 134 143 153 200 169 180 199
ROCE % 12% 9% 8% 12% 8% 10% 10% 10% 7% 9% 10% 10%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
24.95% 24.95% 24.95% 24.95% 24.95% 24.95% 24.95% 27.63% 27.63% 27.63% 31.02% 31.02%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.01% 0.00% 0.00% 0.12%
75.05% 75.05% 75.06% 75.04% 75.05% 75.06% 75.04% 72.37% 72.36% 72.38% 68.97% 68.86%
No. of Shareholders 50,52150,74350,97853,49853,60957,49778,85779,03385,22788,11994,8721,00,895

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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