Bindal Exports Ltd
Bindal Exports Ltd is a Surat-based textile trader/exporter and garment maker. It supplies and trades grey/finished fabrics, gets fabric processing and value addition outsourced, and manufactures ready-to-wear garments through its stitching unit, including under the FASHFUN brand. The company serves domestic garment houses/wholesalers and export customers.[1]
- Market Cap ₹ 12.8 Cr.
- Current Price ₹ 27.8
- High / Low ₹ 27.8 / 25.4
- Stock P/E 45.7
- Book Value ₹ 20.1
- Dividend Yield 0.00 %
- ROCE 3.85 %
- ROE 3.08 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of -0.71% over past five years.
- Company has a low return on equity of 3.28% 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.
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27.69 | 24.68 | 27.28 | 35.24 | 32.25 | 34.56 | 23.28 | 37.44 | 40.66 | 30.24 | 27.01 | 22.47 | |
| 26.42 | 23.48 | 26.15 | 34.21 | 31.27 | 33.60 | 22.45 | 36.54 | 39.71 | 29.37 | 26.21 | 21.96 | |
| Operating Profit | 1.27 | 1.20 | 1.13 | 1.03 | 0.98 | 0.96 | 0.83 | 0.90 | 0.95 | 0.87 | 0.80 | 0.51 |
| OPM % | 4.59% | 4.86% | 4.14% | 2.92% | 3.04% | 2.78% | 3.57% | 2.40% | 2.34% | 2.88% | 2.96% | 2.27% |
| 0.24 | 0.00 | 0.00 | 0.07 | 0.10 | 0.07 | 0.01 | 0.00 | 0.00 | 0.17 | -1.30 | 0.00 | |
| Interest | 1.22 | 0.92 | 0.79 | 0.80 | 0.83 | 0.83 | 0.53 | 0.45 | 0.46 | 0.59 | 0.27 | 0.02 |
| Depreciation | 0.29 | 0.16 | 0.10 | 0.06 | 0.06 | 0.03 | 0.03 | 0.03 | 0.04 | 0.06 | 0.10 | 0.16 |
| Profit before tax | 0.00 | 0.12 | 0.24 | 0.24 | 0.19 | 0.17 | 0.28 | 0.42 | 0.45 | 0.39 | -0.87 | 0.33 |
| Tax % | 50.00% | 41.67% | 37.50% | 52.63% | -11.76% | 25.00% | 19.05% | 8.89% | 15.38% | 12.64% | 15.15% | |
| 0.01 | 0.05 | 0.14 | 0.14 | 0.09 | 0.19 | 0.21 | 0.34 | 0.42 | 0.32 | -0.99 | 0.28 | |
| EPS in Rs | 0.05 | 0.25 | 0.30 | 0.30 | 0.20 | 0.41 | 0.46 | 0.74 | 0.91 | 0.70 | -2.15 | 0.61 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -1% |
| 3 Years: | -18% |
| TTM: | -17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 7% |
| 3 Years: | -13% |
| TTM: | -22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 18% |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 4% |
| 3 Years: | 3% |
| Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.97 | 1.97 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 |
| Reserves | 4.26 | 4.36 | 3.45 | 3.59 | 3.90 | 4.06 | 4.28 | 4.63 | 5.05 | 5.34 | 4.35 | 4.63 |
| 9.58 | 8.89 | 7.98 | 8.79 | 8.29 | 7.68 | 1.36 | 6.08 | 4.95 | 4.08 | 0.00 | 0.00 | |
| 3.86 | 2.46 | 5.19 | 6.02 | 4.13 | 4.57 | 3.11 | 6.04 | 5.32 | 2.83 | 1.85 | 2.65 | |
| Total Liabilities | 19.67 | 17.68 | 21.22 | 23.00 | 20.92 | 20.91 | 13.35 | 21.35 | 19.92 | 16.85 | 10.80 | 11.88 |
| 1.63 | 1.50 | 1.40 | 1.36 | 1.45 | 1.42 | 1.63 | 1.60 | 1.73 | 3.93 | 0.65 | 0.62 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.06 | 0.08 | 0.10 | 0.12 | 0.15 | 0.01 | 0.03 | 0.03 | 0.03 | 0.00 | 0.00 | 0.80 |
| 17.98 | 16.10 | 19.72 | 21.52 | 19.32 | 19.48 | 11.69 | 19.72 | 18.16 | 12.92 | 10.15 | 10.46 | |
| Total Assets | 19.67 | 17.68 | 21.22 | 23.00 | 20.92 | 20.91 | 13.35 | 21.35 | 19.92 | 16.85 | 10.80 | 11.88 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3.50 | 1.10 | -0.28 | 0.07 | 1.08 | 1.35 | 7.63 | -5.61 | 2.17 | 3.75 | 3.09 | 1.70 | |
| -0.10 | -0.05 | -0.02 | -0.03 | -0.18 | 0.14 | -0.24 | 0.56 | -0.20 | -2.20 | 1.82 | -0.92 | |
| -3.21 | -1.23 | 0.32 | 0.13 | -1.09 | -1.34 | -6.80 | 4.31 | -2.01 | -1.57 | -4.36 | -0.02 | |
| Net Cash Flow | 0.19 | -0.18 | 0.02 | 0.17 | -0.19 | 0.15 | 0.59 | -0.73 | -0.04 | -0.02 | 0.56 | 0.75 |
| Free Cash Flow | 3.42 | 1.07 | -0.28 | 0.07 | 0.92 | 1.35 | 7.41 | -5.61 | 2.01 | 1.49 | 4.91 | 1.58 |
| CFO/OP | 281% | 97% | -16% | 16% | 116% | 144% | 928% | -614% | 228% | 438% | 400% | 345% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 118.50 | 71.43 | 142.90 | 160.75 | 160.03 | 124.52 | 103.48 | 128.49 | 110.15 | 59.02 | 69.86 | 58.80 |
| Inventory Days | 124.07 | 174.42 | 146.27 | 68.59 | 72.45 | 87.89 | 83.63 | 67.55 | 52.97 | 98.08 | 52.40 | 148.94 |
| Days Payable | 58.98 | 41.21 | 87.61 | 78.31 | 61.84 | 62.29 | 65.20 | 60.28 | 56.29 | 38.46 | 30.76 | 82.61 |
| Cash Conversion Cycle | 183.59 | 204.65 | 201.56 | 151.03 | 170.64 | 150.12 | 121.91 | 135.77 | 106.83 | 118.64 | 91.50 | 125.13 |
| Working Capital Days | 71.05 | 72.91 | 77.60 | 64.01 | 75.38 | 63.79 | 96.42 | 74.77 | 68.49 | 56.37 | 92.84 | 101.04 |
| ROCE % | 7.37% | 6.70% | 6.59% | 6.24% | 6.04% | 5.61% | 6.02% | 6.81% | 6.08% | 6.64% | 6.53% | 3.85% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Sales as % of Total Revenue % |
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| Made-ups Share of Domestic Revenue % |
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| Number of Permanent Employees count |
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| Export Destinations Served count |
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Extracted by Screener AI
Documents
Announcements
-
Reg. 34 (1) Annual Report.
- Bindal Exports issues 2025-26 annual report and AGM notice for September 29, 2026.
-
Notice Of 19Th Annual General Meeting
- 19th AGM on 29 Sep 2026; adopts FY26 statements, retires director, reappoints independent director.
-
Board Meeting Outcome for Outcome Of Board Meeting
- Board approved 19th AGM on 29 Sep 2026 and annual report for FY2025-26.
- Results-Financial Result 03/31/2026
-
Board Meeting Outcome for For Financial Result For FY 2025-26.
- Board approved audited FY26 results; revenue Rs 22.47 crore, net profit Rs 33.38 lakh, with qualified audit opinion.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
Business Overview:[1]
The business began as partnership firm J.B. Exports in 1997, became a company in 2007
and listed on BSE SME in 2016. Its core is order-driven supply /trading of fabrics.
This includes grey cloth is procured locally
and fabric processing is outsourced to
Bindal Silk Mills Pvt Ltd /group or other
Surat processors.
In-house activity is mainly cutting, stitching and garment value addition; it is not a fully integrated fabric manufacturer. Legacy job-
work income, polyester-yarn/stores sales
and kids-garment exports were nil in FY25.[2]