Bhandari Hosiery Exports Ltd

Bhandari Hosiery Exports Ltd

₹ 8.05 0.00%
18 Apr - close price
About

Incorporated in 1994, Bhandari Hosiery Exports Ltd is in the business of textiles and garment manufacturing[1]

Key Points

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.

  • Market Cap 131 Cr.
  • Current Price 8.05
  • High / Low 12.5 / 3.86
  • Stock P/E 20.3
  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
68.19 77.75 43.07 78.01 68.36 93.85 46.41 70.52 55.90 110.41 54.11 63.52 60.27
62.10 71.86 38.20 71.60 62.90 88.14 41.14 64.53 49.78 104.44 48.97 57.10 53.98
Operating Profit 6.09 5.89 4.87 6.41 5.46 5.71 5.27 5.99 6.12 5.97 5.14 6.42 6.29
OPM % 8.93% 7.58% 11.31% 8.22% 7.99% 6.08% 11.36% 8.49% 10.95% 5.41% 9.50% 10.11% 10.44%
0.20 0.05 0.01 0.03 0.00 0.11 0.01 0.00 0.01 0.07 0.01 0.00 0.03
Interest 3.20 2.77 2.38 2.77 2.68 2.45 2.41 2.56 2.68 2.69 2.20 2.85 2.86
Depreciation 1.64 1.31 1.43 1.48 1.28 1.28 1.51 1.38 1.34 0.97 1.27 1.30 1.31
Profit before tax 1.45 1.86 1.07 2.19 1.50 2.09 1.36 2.05 2.11 2.38 1.68 2.27 2.15
Tax % 6.90% 19.35% 0.00% 9.13% 16.00% 6.70% 0.00% 12.20% 15.64% 33.61% 14.29% 25.55% 17.67%
1.35 1.50 1.07 1.99 1.25 1.95 1.36 1.81 1.77 1.57 1.44 1.68 1.77
EPS in Rs 0.08 0.09 0.07 0.12 0.08 0.12 0.08 0.11 0.11 0.10 0.09 0.10 0.11
Raw PDF

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: 83%
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%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
24.95% 24.95% 24.95% 24.95% 24.95% 24.95% 24.95% 24.95% 24.95% 24.95% 27.63% 27.63%
0.27% 0.11% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.01%
74.78% 74.94% 75.03% 75.05% 75.05% 75.06% 75.04% 75.05% 75.06% 75.04% 72.37% 72.36%
No. of Shareholders 20,95623,68536,54850,52150,74350,97853,49853,60957,49778,85779,03385,227

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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

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