Bhandari Hosiery Exports Ltd

₹ 7.20 3.60%
May 20 - close price
About

Company is engaged in textiles business. Business activities includes design and development to knitting, dyeing, finishing of fabrics and garments. Company has manufacturing unit in Ludhiana. [1]

Key Points

Business Divisions
Fabrics: This division manufactures Circular Knitted Natural & Synthetic Fabrics, Open & Tubular width Fabrics and Specialised Finished Fabrics in Teflon, Stain Resistance, Viscose and Lycra.
Garments: This division looks after exports and domestic sales of Womens, Mens and Kids wear. It manufactures knitted hosiery garments such as T- Shirts, Pullovers, Sweat Shirts, Bermudas, Polo Shirts, Track Suits, Pajamas, Lowers, Ladies Knitted Tops [1]

  • Market Cap 106 Cr.
  • Current Price 7.20
  • High / Low 15.0 / 2.35
  • Stock P/E 18.2
  • Book Value 5.36
  • Dividend Yield 0.14 %
  • ROCE 7.14 %
  • ROE 2.32 %
  • 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: 24.95%
  • Company has a low return on equity of 5.85% for 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

Figures in Rs. Crores

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
95.49 46.50 71.56 69.49 89.87 16.96 62.90 68.19 77.75 43.07 78.01 68.36
90.67 41.87 66.68 62.19 85.27 15.64 58.21 62.10 71.86 38.20 71.60 62.90
Operating Profit 4.82 4.63 4.88 7.30 4.60 1.32 4.69 6.09 5.89 4.87 6.41 5.46
OPM % 5.05% 9.96% 6.82% 10.51% 5.12% 7.78% 7.46% 8.93% 7.58% 11.31% 8.22% 7.99%
0.05 0.00 0.03 0.02 0.05 0.01 0.01 0.20 0.05 0.01 0.03 0.00
Interest 2.09 2.48 2.36 2.97 2.42 2.58 2.18 3.20 2.77 2.38 2.77 2.68
Depreciation 1.06 1.09 1.09 1.09 1.75 1.25 1.19 1.64 1.31 1.43 1.48 1.28
Profit before tax 1.72 1.06 1.46 3.26 0.48 -2.50 1.33 1.45 1.86 1.07 2.19 1.50
Tax % 32.56% 11.32% 8.90% 13.19% 83.33% 0.00% 0.00% 6.90% 19.35% 0.00% 9.13% 16.00%
Net Profit 1.15 0.95 1.33 2.83 0.08 -2.51 1.32 1.35 1.50 1.07 1.99 1.25
EPS in Rs 0.08 0.06 0.09 0.19 0.01 -0.17 0.09 0.09 0.10 0.07 0.14 0.09

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
84 90 97 95 110 125 198 214 248 266 277 225 267
80 85 88 87 102 117 183 201 231 246 255 207 245
Operating Profit 5 5 9 8 8 8 15 13 17 20 21 18 23
OPM % 6% 6% 9% 9% 7% 6% 8% 6% 7% 7% 8% 8% 8%
0 0 -0 0 0 -0 0 0 0 0 0 0 0
Interest 2 2 4 3 4 4 7 5 7 9 10 11 11
Depreciation 1 1 1 1 1 1 3 3 4 4 5 5 6
Profit before tax 2 2 5 4 3 3 5 5 6 6 6 2 7
Tax % 35% 30% 32% 34% 29% 27% 26% 20% 16% 15% 15% 21%
Net Profit 1 1 3 3 2 2 4 4 5 5 5 2 6
EPS in Rs 0.11 0.14 0.30 0.20 0.14 0.15 0.28 0.29 0.34 0.37 0.36 0.11 0.40
Dividend Payout % 0% 0% 0% 0% 0% 7% 4% 3% 3% 3% 3% 9%
Compounded Sales Growth
10 Years: 10%
5 Years: 3%
3 Years: -3%
TTM: 12%
Compounded Profit Growth
10 Years: 4%
5 Years: -16%
3 Years: -30%
TTM: 2321%
Stock Price CAGR
10 Years: 7%
5 Years: 25%
3 Years: 56%
1 Year: 200%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 6%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
7 10 10 15 15 15 15 15 15 15 15 15 15
Reserves 12 11 14 33 35 37 40 44 49 54 59 61 64
Borrowings 18 18 21 23 29 47 55 73 82 87 105 108 116
8 15 11 14 10 17 15 17 26 24 26 24 15
Total Liabilities 46 55 56 85 88 116 125 149 172 180 205 207 209
11 11 10 21 20 44 41 46 56 53 65 60 60
CWIP 0 0 0 12 9 0 0 1 0 1 0 2 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
35 44 46 51 58 72 84 103 115 126 140 145 149
Total Assets 46 55 56 85 88 116 125 149 172 180 205 207 209

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-3 4 -7 0 0 -3 -7 -6 2 -3 -2 -0
-0 -1 1 0 0 -15 -0 -9 -14 -2 -17 -2
3 0 2 0 0 17 8 14 13 5 18 3
Net Cash Flow 0 3 -4 0 0 -1 1 -1 1 -0 -1 1

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 25 14 28 39 50 57 56 72 68 58 70 83
Inventory Days 157 189 183 181 156 166 101 96 105 117 121 159
Days Payable 31 66 39 53 25 47 21 21 25 19 18 18
Cash Conversion Cycle 151 138 172 167 181 176 136 146 147 156 173 224
Working Capital Days 120 106 136 149 166 166 130 132 134 143 153 200
ROCE % 11% 11% 20% 12% 9% 8% 12% 8% 10% 10% 10% 7%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95
0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.11 0.03 0.00
0.01 0.01 0.08 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
74.77 74.77 74.71 74.77 74.77 74.78 74.78 74.78 74.78 74.94 75.03 75.05

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