Bhandari Hosiery Exports Ltd

₹ 2.91 -0.68%

22 Jul - close price

bhandariexport.com BSE: 512608 NSE: BHANDARI

About

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

Key Points

Business Overview:^[1]^[2]
BHEL is a part of the Bhandari group. The company manufactures high-fashion knitted hosiery garments including Kora and dyed for international brands and overseas retail chain.

Website BSE NSE - BE

Market Cap ₹ 96.9 Cr.
Current Price ₹ 2.91
High / Low ₹ 5.57 / 2.00
Stock P/E 12.5
Book Value ₹ 5.51
Dividend Yield 0.69 %
ROCE 7.74 %
ROE 4.62 %
Face Value ₹ 1.00

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Pros

Stock is trading at 0.53 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 4.46% over past five years.
Company has a low return on equity of 5.67% 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	110.41	54.11	63.52	60.27	88.83	58.06	68.26	63.00	89.23	62.91	68.33	59.05	90.05
	104.44	48.97	57.10	53.98	81.64	51.00	61.87	55.73	81.80	56.50	61.37	51.75	83.06
Operating Profit	5.97	5.14	6.42	6.29	7.19	7.06	6.39	7.27	7.43	6.41	6.96	7.30	6.99
OPM %	5.41%	9.50%	10.11%	10.44%	8.09%	12.16%	9.36%	11.54%	8.33%	10.19%	10.19%	12.36%	7.76%
	0.07	0.01	0.00	0.03	0.29	0.00	0.09	0.03	0.15	0.06	0.04	0.05	0.23
Interest	2.69	2.20	2.85	2.86	3.28	3.21	2.68	2.76	2.72	2.58	2.57	2.91	2.59
Depreciation	0.97	1.27	1.30	1.31	1.56	1.95	1.48	1.73	1.70	1.73	1.75	1.75	1.72
Profit before tax	2.38	1.68	2.27	2.15	2.64	1.90	2.32	2.81	3.16	2.16	2.68	2.69	2.91
Tax %	33.61%	14.29%	25.55%	17.67%	38.26%	25.26%	28.02%	27.76%	16.14%	25.00%	22.76%	18.22%	35.05%
	1.57	1.44	1.68	1.77	1.64	1.43	1.67	2.02	2.65	1.62	2.07	2.19	1.89
EPS in Rs	0.04	0.03	0.04	0.04	0.04	0.03	0.04	0.05	0.06	0.04	0.05	0.05	0.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	125	198	214	248	266	277	225	283	282	266	278	280
	117	183	201	231	246	255	207	260	259	241	250	253
Operating Profit	8	15	13	17	20	21	18	23	23	25	28	28
OPM %	6%	8%	6%	7%	7%	8%	8%	8%	8%	9%	10%	10%
	-0	0	0	0	0	0	0	0	0	0	0	0
Interest	4	7	5	7	9	10	11	10	10	11	11	11
Depreciation	1	3	3	4	4	5	5	5	5	5	7	7
Profit before tax	3	5	5	6	6	6	2	7	8	9	10	10
Tax %	27%	26%	20%	16%	15%	15%	21%	8%	17%	25%	24%	26%
	2	4	4	5	5	5	2	6	7	7	8	8
EPS in Rs	0.05	0.09	0.10	0.11	0.12	0.12	0.04	0.15	0.15	0.15	0.18	0.23
Dividend Payout %	7%	4%	3%	3%	3%	3%	9%	2%	2%	0%	0%	4%

Compounded Sales Growth
10 Years:	4%
5 Years:	4%
3 Years:	0%
TTM:	1%

Compounded Profit Growth
10 Years:	7%
5 Years:	35%
3 Years:	6%
TTM:	1%

Stock Price CAGR
10 Years:	0%
5 Years:	2%
3 Years:	-6%
1 Year:	-40%

Return on Equity
10 Years:	6%
5 Years:	6%
3 Years:	6%
Last Year:	5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	15	15	15	15	15	15	15	15	15	16	24	33
Reserves	37	40	44	49	54	59	61	67	72	83	129	150
	47	55	73	82	87	105	108	103	104	122	102	106
	17	15	17	26	24	26	24	33	24	29	20	28
Total Liabilities	116	125	149	172	180	205	207	218	216	251	276	318
	44	41	46	56	53	65	60	56	52	79	74	69
CWIP	0	0	1	0	1	0	2	0	1	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	72	84	103	115	126	140	145	162	162	172	202	249
Total Assets	116	125	149	172	180	205	207	218	216	251	276	318

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	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	-7	-6	2	-3	-2	-0	4	12	10	-25	-7
	-15	-0	-9	-14	-2	-17	-2	1	-3	-23	45	-1
	17	8	14	13	5	18	3	-5	-10	12	-20	27
Net Cash Flow	-1	1	-1	1	-0	-1	1	0	-0	-1	-0	19
Free Cash Flow	-18	-8	-14	-12	-5	-19	-2	5	10	-21	-27	-9
CFO/OP	-34%	-41%	-39%	13%	-13%	-7%	1%	21%	59%	47%	-81%	-17%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	57	56	72	68	58	70	83	89	89	81	116	119
Inventory Days	166	101	96	105	117	121	159	125	137	157	152	174
Days Payable	47	21	21	25	19	18	18	20	22	33	19	32
Cash Conversion Cycle	176	136	146	147	156	173	224	194	204	205	250	262
Working Capital Days	78	59	51	53	61	60	87	81	79	90	140	156
ROCE %	8%	12%	8%	10%	10%	10%	7%	9%	10%	10%	9%	8%

Insights

In beta

Mar 2015

Mar 2016

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Mar 2019

Mar 2020

Mar 2021

Mar 2022

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Mar 2024

Electricity Consumption
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Export as % of Total Revenue
%

Husk Consumption for Steam
Kg

Fabric Dyeing Capacity
TPD

Permanent Employees
Count

Garments as % of Total Turnover
%

Garment Production
Pieces

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	24.95%	27.63%	27.63%	27.63%	31.02%	31.02%	31.01%	31.01%	31.01%	31.01%	41.83%	41.83%
	0.01%	0.00%	0.01%	0.00%	0.00%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	75.04%	72.37%	72.36%	72.38%	68.97%	68.86%	68.98%	68.98%	68.99%	68.99%	58.17%	58.17%
No. of Shareholders	78,857	79,033	85,227	88,119	94,872	1,00,895	1,01,626	1,02,250	1,00,769	99,007	98,348	97,576

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	24.19%	24.95%	24.95%	24.95%	24.95%	24.95%	24.95%	27.63%	31.01%	41.83%	41.83%
	2.89%	0.27%	0.27%	0.27%	0.27%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%
	0.00%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	72.92%	74.77%	74.77%	74.77%	74.78%	75.05%	75.05%	72.36%	68.98%	58.17%	58.17%
No. of Shareholders	8,173	13,097	13,541	13,391	17,036	50,521	53,609	85,227	1,01,626	98,348	97,576

* 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.

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Bhandari Hosiery Exports Ltd

Bhandari Hosiery Exports Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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