Bhatia Communications & Retail (India) Ltd
₹ 21.3
1.00%
20 Mar
11:54 a.m.
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 ₹ 300 Cr.
- Current Price ₹ 21.3
- High / Low ₹ 33.6 / 19.5
- Stock P/E 19.8
- Book Value ₹ 8.03
- Dividend Yield 0.19 %
- ROCE 21.8 %
- ROE 17.9 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 20.7% CAGR over last 5 years
Cons
- Promoter holding has decreased over last quarter: -4.61%
* 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 | 525 | |
| 103 | 109 | 95 | 132 | 160 | 172 | 177 | 182 | 242 | 330 | 397 | 423 | 503 | |
| Operating Profit | -4 | -5 | -5 | -7 | -5 | -7 | -9 | -9 | -9 | 12 | 17 | 20 | 22 |
| OPM % | -4% | -5% | -6% | -6% | -3% | -4% | -5% | -5% | -4% | 4% | 4% | 4% | 4% |
| 5 | 7 | 6 | 9 | 12 | 16 | 19 | 17 | 18 | 2 | 2 | 2 | 3 | |
| 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 | 3 |
| Profit before tax | 1 | 1 | 0 | 1 | 5 | 7 | 7 | 5 | 7 | 11 | 15 | 18 | 20 |
| 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 | 15 | |
| 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 | 1.19 |
| 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: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 21% |
| 3 Years: | 38% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 4% |
| 1 Year: | -13% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.52 | 0.52 | 0.52 | 0.52 | 6 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 2 | 2 | 3 | 3 | 22 | 21 | 26 | 29 | 34 | 42 | 54 | 76 | 92 |
| 4 | 3 | 2 | 4 | 2 | 6 | 11 | 11 | 15 | 19 | 21 | 8 | 35 | |
| 11 | 12 | 13 | 17 | 16 | 13 | 15 | 17 | 21 | 21 | 30 | 34 | 42 | |
| Total Liabilities | 17 | 18 | 18 | 25 | 46 | 52 | 65 | 69 | 82 | 95 | 117 | 131 | 182 |
| 2 | 3 | 3 | 5 | 6 | 7 | 7 | 7 | 8 | 8 | 10 | 13 | 26 | |
| CWIP | 0 | 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 | 19 |
| 15 | 16 | 15 | 20 | 40 | 45 | 43 | 62 | 75 | 87 | 107 | 118 | 137 | |
| Total Assets | 17 | 18 | 18 | 25 | 46 | 52 | 65 | 69 | 82 | 95 | 117 | 131 | 182 |
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% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Owned Stores Number |
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| Revenue per sq ft INR/sq ft |
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| Total Number of Stores Number |
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| Total Retail Footprint sq.ft. |
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| Revenue per Device INR/unit |
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| Total Sales Quantity (Mobile & Phones) Units |
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| Customer Conversion Rate % |
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Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 12 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 12 Mar
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Board Meeting Outcome for Outcome Of Board Meeting Of The Company Held On Monday, March 09, 2026 For Conversion Of 1,05,00,000 Warrants Into 1,05,00,000 (One Crore Five Lakhs) Equity Shares Of Face Value Of Re. 1/- Each.
9 Mar - Converted 1,05,00,000 warrants; Rs.18,70,31,250 received; issue price Rs.23.75; paid-up capital 14,06,52,000 shares.
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Announcement under Regulation 30 (LODR)-Conversion of Securities
9 Mar - Converted 1,05,00,000 warrants at Rs.23.75; Rs.18,70,31,250 received; paid-up capital Rs.14,06,52,000.
-
Announcement under Regulation 30 (LODR)-Change in Registered Office Address
20 Feb - Registered office moved in Surat from Dr. Ambedkar Shopping Centre to Bhatia Complex effective 20/02/2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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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
from bse
Concalls
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptAI SummaryPPT
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Jun 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Dec 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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Jun 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Dec 2023TranscriptAI SummaryPPT
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Sep 2023TranscriptAI SummaryPPT
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Jun 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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Mar 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Sep 2021TranscriptAI SummaryPPT
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Jul 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Jul 2020TranscriptAI SummaryPPT
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Jan 2020TranscriptAI SummaryPPT
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Jul 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Jul 2018TranscriptAI SummaryPPT
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.