Bhatia Communications & Retail (India) Ltd
₹ 27.3
-0.87%
30 Oct
- close price
About
Incorporated in 2008, Bhatia Communications & Retail (India) Ltd is in the retail and wholesale distribution business of electronic items and home appliances[1]
Key Points
- Market Cap ₹ 341 Cr.
- Current Price ₹ 27.3
- High / Low ₹ 34.4 / 21.2
- Stock P/E 24.8
- Book Value ₹ 7.08
- Dividend Yield 0.15 %
- ROCE 21.8 %
- ROE 17.9 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 20.7% CAGR over last 5 years
Cons
- Promoter holding has decreased over last quarter: -2.66%
* 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
Consumer Discretionary Consumer Services Retailing Speciality Retail
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 99 | 104 | 90 | 124 | 155 | 165 | 168 | 173 | 233 | 342 | 414 | 442 | 449 | |
| 103 | 109 | 95 | 132 | 160 | 172 | 177 | 182 | 242 | 330 | 397 | 423 | 429 | |
| Operating Profit | -4 | -5 | -5 | -7 | -5 | -7 | -9 | -9 | -9 | 12 | 17 | 20 | 20 |
| OPM % | -4% | -5% | -6% | -6% | -3% | -4% | -5% | -5% | -4% | 4% | 4% | 4% | 5% |
| 5 | 7 | 6 | 9 | 12 | 16 | 19 | 17 | 18 | 2 | 2 | 2 | 2 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 1 | 1 | 0 | 1 | 5 | 7 | 7 | 5 | 7 | 11 | 15 | 18 | 18 |
| Tax % | 31% | 35% | 30% | 32% | 34% | 30% | 26% | 29% | 26% | 25% | 25% | 25% | |
| 0 | 0 | 0 | 1 | 4 | 5 | 5 | 4 | 5 | 8 | 12 | 14 | 14 | |
| EPS in Rs | 0.34 | 0.33 | 0.30 | 0.51 | 0.29 | 0.40 | 0.43 | 0.30 | 0.42 | 0.68 | 0.92 | 1.10 | 1.10 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 93% | 17% | 0% | 7% | 1% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 21% |
| 3 Years: | 24% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 21% |
| 3 Years: | 38% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | -7% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 16% |
| 3 Years: | 18% |
| Last Year: | 18% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.52 | 0.52 | 0.52 | 0.52 | 6 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 2 | 2 | 3 | 3 | 22 | 21 | 26 | 29 | 34 | 42 | 54 | 76 |
| 4 | 3 | 2 | 4 | 2 | 6 | 11 | 11 | 15 | 19 | 21 | 8 | |
| 11 | 12 | 13 | 17 | 16 | 13 | 15 | 17 | 21 | 21 | 30 | 34 | |
| Total Liabilities | 17 | 18 | 18 | 25 | 46 | 52 | 65 | 69 | 82 | 95 | 117 | 131 |
| 2 | 3 | 3 | 5 | 6 | 7 | 7 | 7 | 8 | 8 | 10 | 13 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 0 | 0 | 0 | 0 | 0 |
| 15 | 16 | 15 | 20 | 40 | 45 | 43 | 62 | 75 | 87 | 107 | 118 | |
| Total Assets | 17 | 18 | 18 | 25 | 46 | 52 | 65 | 69 | 82 | 95 | 117 | 131 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | -1 | 6 | 8 | 2 | -1 | 8 | 5 | 5 | ||||
| -2 | -6 | -4 | -20 | -2 | -2 | -0 | -1 | -8 | ||||
| -1 | 20 | -1 | -0 | -3 | 3 | 1 | 1 | -6 | ||||
| Net Cash Flow | -0 | 13 | 2 | -12 | -3 | 0 | 9 | 5 | -9 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 12 | 12 | 15 | 11 | 12 | 13 | 10 | 8 | 6 | 5 | 4 |
| Inventory Days | 31 | 34 | 37 | 38 | 38 | 37 | 49 | 62 | 65 | 52 | 50 | 59 |
| Days Payable | 39 | 43 | 53 | 50 | 33 | 23 | 25 | 20 | 20 | 11 | 13 | 12 |
| Cash Conversion Cycle | 5 | 4 | -4 | 3 | 16 | 26 | 37 | 53 | 54 | 47 | 43 | 52 |
| Working Capital Days | 1 | -1 | -2 | -3 | 17 | 20 | 23 | 37 | 38 | 27 | 29 | 49 |
| ROCE % | 19% | 15% | 16% | 22% | 33% | 22% | 20% | 13% | 15% | 20% | 21% | 22% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Oct - Regulation 74(5) certificate for quarter ended 30 Sep 2025; no dematerialisations reported.
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Announcement under Regulation 30 (LODR)-Conversion of Securities
30 Sep - 30 Sep 2025: Ebisu converted 50,00,000 warrants; Rs.8,90,62,500 received; paid-up capital Rs.13,01,52,000.
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Board Meeting Outcome for Outcome Of Board Meeting Of The Company Held On Tuesday, September 30, 2025 For Conversion Of 50,00,000 Warrants Into 50,00,000 Equity Shares Of Face Value Of Re. 1/- Each.
30 Sep - Converted 50,00,000 warrants to equity at Rs.23.75; Rs.8,90,62,500 received from Ebisu Global.
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Closure of Trading Window
26 Sep - Trading window closed from 01-Oct-2025 until 48 hours after Q2/H1 unaudited results for period ended 30-Sep-2025.
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List Of Kmps To Determine Materiality Of Events
18 Sep - Appointed Ms. Chintikaben Hasmukhbhai Shah as Company Secretary & Compliance Officer; KMP contacts disclosed 18/09/2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
from bse
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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
from bse
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Financial Year 2015
from bse
Concalls
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Aug 2025TranscriptNotesPPT
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Jun 2025TranscriptNotesPPT
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Feb 2025TranscriptNotesPPT
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Dec 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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Jun 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Dec 2023TranscriptNotesPPT
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Sep 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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Mar 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Sep 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Jan 2020TranscriptNotesPPT
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Jul 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Jul 2018TranscriptNotesPPT
Business Overview:[1]
Bhatia Communications & Retail (India) Limited is a multi-brand retailer specializing in consumer durables, electronics, and electrical appliances. With a strong presence in South and Central Gujarat, the company is now expanding to Maharashtra. Headquartered in Surat, it operates 224 stores (220 owned + 4 franchises) with a total retail footprint of 1.70 lakh sq. ft. as of 9M FY25.