Bhandari Hosiery Exports Ltd

₹ 6.85 2.24%
05 Dec - close price
About

Company is engaged in textiles business. Business activities includes design and development to knitting, dyeing, finishing of fabrics and garments. Company has manufacturing unit in Ludhiana. [1]

Key Points

Business Divisions
Fabrics: This division manufactures Circular Knitted Natural & Synthetic Fabrics, Open & Tubular width Fabrics and Specialised Finished Fabrics in Teflon, Stain Resistance, Viscose and Lycra.
Garments: This division looks after exports and domestic sales of Womens, Mens and Kids wear. It manufactures knitted hosiery garments such as T- Shirts, Pullovers, Sweat Shirts, Bermudas, Polo Shirts, Track Suits, Pajamas, Lowers, Ladies Knitted Tops [1]

  • Market Cap 100 Cr.
  • Current Price 6.85
  • High / Low 15.0 / 4.20
  • Stock P/E 15.8
  • Book Value 5.78
  • Dividend Yield 0.15 %
  • ROCE 9.36 %
  • ROE 8.14 %
  • Face Value 1.00

Pros

  • Stock is trading at 1.18 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.77% over past five years.
  • Promoter holding is low: 25.0%
  • Tax rate seems low
  • Company has a low return on equity of 5.99% 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

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
71.56 69.49 89.87 16.96 62.90 68.19 77.75 43.07 78.01 68.36 93.85 46.41 70.52
66.68 62.19 85.27 15.64 58.21 62.10 71.86 38.20 71.60 62.90 88.14 41.14 64.53
Operating Profit 4.88 7.30 4.60 1.32 4.69 6.09 5.89 4.87 6.41 5.46 5.71 5.27 5.99
OPM % 6.82% 10.51% 5.12% 7.78% 7.46% 8.93% 7.58% 11.31% 8.22% 7.99% 6.08% 11.36% 8.49%
0.03 0.02 0.05 0.01 0.01 0.20 0.05 0.01 0.03 0.00 0.11 0.01 0.00
Interest 2.36 2.97 2.42 2.58 2.18 3.20 2.77 2.38 2.77 2.68 2.45 2.41 2.56
Depreciation 1.09 1.09 1.75 1.25 1.19 1.64 1.31 1.43 1.48 1.28 1.28 1.51 1.38
Profit before tax 1.46 3.26 0.48 -2.50 1.33 1.45 1.86 1.07 2.19 1.50 2.09 1.36 2.05
Tax % 8.90% 13.19% 83.33% 0.00% 0.00% 6.90% 19.35% 0.00% 9.13% 16.00% 6.70% 0.00% 12.20%
Net Profit 1.33 2.83 0.08 -2.51 1.32 1.35 1.50 1.07 1.99 1.25 1.95 1.36 1.81
EPS in Rs 0.09 0.19 0.01 -0.17 0.09 0.09 0.10 0.07 0.14 0.09 0.13 0.09 0.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
90 97 95 110 125 198 214 248 266 277 225 283 279
85 88 87 102 117 183 201 231 246 255 207 260 257
Operating Profit 5 9 8 8 8 15 13 17 20 21 18 23 22
OPM % 6% 9% 9% 7% 6% 8% 6% 7% 7% 8% 8% 8% 8%
0 -0 0 0 -0 0 0 0 0 0 0 0 0
Interest 2 4 3 4 4 7 5 7 9 10 11 10 10
Depreciation 1 1 1 1 1 3 3 4 4 5 5 5 5
Profit before tax 2 5 4 3 3 5 5 6 6 6 2 7 7
Tax % 30% 32% 34% 29% 27% 26% 20% 16% 15% 15% 21% 8%
Net Profit 1 3 3 2 2 4 4 5 5 5 2 6 6
EPS in Rs 0.14 0.30 0.20 0.14 0.15 0.28 0.29 0.34 0.37 0.36 0.11 0.43 0.43
Dividend Payout % 0% 0% 0% 0% 7% 4% 3% 3% 3% 3% 9% 2%
Compounded Sales Growth
10 Years: 11%
5 Years: 6%
3 Years: 2%
TTM: 5%
Compounded Profit Growth
10 Years: 7%
5 Years: 8%
3 Years: 6%
TTM: 8%
Stock Price CAGR
10 Years: 5%
5 Years: 11%
3 Years: 81%
1 Year: 28%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 6%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
10 10 15 15 15 15 15 15 15 15 15 15 15
Reserves 11 14 33 35 37 40 44 49 54 59 61 67 70
18 21 23 29 47 55 73 82 87 105 108 103 108
15 11 14 10 17 15 17 26 24 26 24 33 25
Total Liabilities 55 56 85 88 116 125 149 172 180 205 207 218 218
11 10 21 20 44 41 46 56 53 65 60 56 53
CWIP 0 0 12 9 0 0 1 0 1 0 2 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
44 46 51 58 72 84 103 115 126 140 145 162 165
Total Assets 55 56 85 88 116 125 149 172 180 205 207 218 218

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4 -7 0 0 -3 -7 -6 2 -3 -2 -0 3
-1 1 0 0 -15 -0 -9 -14 -2 -17 -2 1
0 2 0 0 17 8 14 13 5 18 3 -5
Net Cash Flow 3 -4 0 0 -1 1 -1 1 -0 -1 1 -1

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 14 28 39 50 57 56 72 68 58 70 83 89
Inventory Days 189 183 181 156 166 101 96 105 117 121 159 125
Days Payable 66 39 53 25 47 21 21 25 19 18 18 20
Cash Conversion Cycle 138 172 167 181 176 136 146 147 156 173 224 194
Working Capital Days 106 136 149 166 166 130 125 134 143 153 200 170
ROCE % 11% 20% 12% 9% 8% 12% 8% 10% 10% 10% 7% 9%

Shareholding Pattern

Numbers in percentages

4 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95
0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.11 0.03 0.00 0.00 0.00
0.08 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
74.71 74.77 74.77 74.78 74.78 74.78 74.78 74.94 75.03 75.05 75.05 75.06

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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