Bhandari Hosiery Exports Ltd
Incorporated in 1994, Bhandari Hosiery Exports Ltd is in the business of textiles and garment manufacturing[1]
- Market Cap ₹ 131 Cr.
- Current Price ₹ 7.99
- High / Low ₹ 12.5 / 3.86
- Stock P/E 20.2
- Book Value ₹ 5.52
- Dividend Yield 0.12 %
- ROCE 10.0 %
- ROE 7.80 %
- Face Value ₹ 1.00
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 2.59% over past five years.
- Promoter holding is low: 27.6%
- Company has a low return on equity of 6.19% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
97 | 95 | 110 | 125 | 198 | 214 | 248 | 266 | 277 | 225 | 283 | 282 | 288 | |
88 | 87 | 102 | 117 | 183 | 201 | 231 | 246 | 255 | 207 | 260 | 259 | 264 | |
Operating Profit | 9 | 8 | 8 | 8 | 15 | 13 | 17 | 20 | 21 | 18 | 23 | 23 | 24 |
OPM % | 9% | 9% | 7% | 6% | 8% | 6% | 7% | 7% | 8% | 8% | 8% | 8% | 8% |
-0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Interest | 4 | 3 | 4 | 4 | 7 | 5 | 7 | 9 | 10 | 11 | 10 | 10 | 11 |
Depreciation | 1 | 1 | 1 | 1 | 3 | 3 | 4 | 4 | 5 | 5 | 5 | 5 | 5 |
Profit before tax | 5 | 4 | 3 | 3 | 5 | 5 | 6 | 6 | 6 | 2 | 7 | 8 | 8 |
Tax % | 32% | 34% | 29% | 27% | 26% | 20% | 16% | 15% | 15% | 21% | 8% | 17% | |
3 | 3 | 2 | 2 | 4 | 4 | 5 | 5 | 5 | 2 | 6 | 7 | 6 | |
EPS in Rs | 0.27 | 0.18 | 0.12 | 0.13 | 0.25 | 0.26 | 0.30 | 0.33 | 0.32 | 0.10 | 0.38 | 0.40 | 0.40 |
Dividend Payout % | 0% | 0% | 0% | 7% | 4% | 3% | 3% | 3% | 3% | 9% | 2% | 2% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 3% |
3 Years: | 1% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 6% |
3 Years: | 7% |
TTM: | -6% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | 34% |
3 Years: | 57% |
1 Year: | 76% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 7% |
3 Years: | 6% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Reserves | 14 | 33 | 35 | 37 | 40 | 44 | 49 | 54 | 59 | 61 | 67 | 72 | 76 |
21 | 23 | 29 | 47 | 55 | 73 | 82 | 87 | 105 | 108 | 103 | 94 | 120 | |
11 | 14 | 10 | 17 | 15 | 17 | 26 | 24 | 26 | 24 | 33 | 36 | 23 | |
Total Liabilities | 56 | 85 | 88 | 116 | 125 | 149 | 172 | 180 | 205 | 207 | 218 | 217 | 233 |
10 | 21 | 20 | 44 | 41 | 46 | 56 | 53 | 65 | 60 | 56 | 52 | 51 | |
CWIP | 0 | 12 | 9 | 0 | 0 | 1 | 0 | 1 | 0 | 2 | 0 | 1 | 10 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
46 | 51 | 58 | 72 | 84 | 103 | 115 | 126 | 140 | 145 | 162 | 164 | 173 | |
Total Assets | 56 | 85 | 88 | 116 | 125 | 149 | 172 | 180 | 205 | 207 | 218 | 217 | 233 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-7 | 0 | 0 | -3 | -7 | -6 | 2 | -3 | -2 | -0 | 4 | 12 | |
1 | 0 | 0 | -15 | -0 | -9 | -14 | -2 | -17 | -2 | 1 | -3 | |
2 | 0 | 0 | 17 | 8 | 14 | 13 | 5 | 18 | 3 | -5 | -9 | |
Net Cash Flow | -4 | 0 | 0 | -1 | 1 | -1 | 1 | -0 | -1 | 1 | 0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 28 | 39 | 50 | 57 | 56 | 72 | 68 | 58 | 70 | 83 | 89 | 89 |
Inventory Days | 183 | 181 | 156 | 166 | 101 | 96 | 105 | 117 | 121 | 159 | 125 | 137 |
Days Payable | 39 | 53 | 25 | 47 | 21 | 21 | 25 | 19 | 18 | 18 | 20 | 22 |
Cash Conversion Cycle | 172 | 167 | 181 | 176 | 136 | 146 | 147 | 156 | 173 | 224 | 194 | 204 |
Working Capital Days | 136 | 149 | 166 | 166 | 130 | 125 | 134 | 143 | 153 | 200 | 169 | 167 |
ROCE % | 20% | 12% | 9% | 8% | 12% | 8% | 10% | 10% | 10% | 7% | 9% | 10% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 1d
- Submission Of Certificate Under Regulation 40(9) And 40(10) Of The SEBI (LODR) Regulations, 2015 For The Financial Year Ended 31St March, 2024 2d
- Statement Of Deviation/ Variation In Utilization Of Funds Raised In Right Issue 12 Apr
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Announcement under Regulation 30 (LODR)-Raising of Funds
12 Apr - Recommendation of Right Issue Committee, The Board considered and approved the Draft Letter Of Offer and issuance of fully paid equity shares through right issue …
- Board Meeting Outcome for Outcome Of The Meeting Of Board Of The Company Held On 12Th April, 2024. 12 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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.