Bhandari Hosiery Exports Ltd

Bhandari Hosiery Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bhandari Hosiery Exports Ltd

₹ 2.90 19.34%
02 Apr - 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]
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.

Website BSE NSE
  • Market Cap ₹ 125 Cr.
  • Current Price ₹ 2.90
  • High / Low ₹ 5.82 / 2.00
  • Stock P/E 14.7
  • Book Value ₹ 3.62
  • Dividend Yield 0.69 %
  • ROCE 9.04 %
  • ROE 6.10 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 0.80 times its book value
  • Promoter holding has increased by 10.8% over last quarter.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.10% over past five years.
  • Company has a low return on equity of 6.85% over last 3 years.
  • Debtor days have increased from 95.5 to 116 days.

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
55.90 110.41 54.11 63.52 60.27 88.83 58.06 68.26 63.00 89.23 62.91 68.33 59.05
49.78 104.44 48.97 57.10 53.98 81.64 51.00 61.87 55.73 81.80 56.50 61.37 51.75
Operating Profit 6.12 5.97 5.14 6.42 6.29 7.19 7.06 6.39 7.27 7.43 6.41 6.96 7.30
OPM % 10.95% 5.41% 9.50% 10.11% 10.44% 8.09% 12.16% 9.36% 11.54% 8.33% 10.19% 10.19% 12.36%
0.01 0.07 0.01 0.00 0.03 0.29 0.00 0.09 0.03 0.15 0.06 0.04 0.05
Interest 2.68 2.69 2.20 2.85 2.86 3.28 3.21 2.68 2.76 2.72 2.58 2.57 2.91
Depreciation 1.34 0.97 1.27 1.30 1.31 1.56 1.95 1.48 1.73 1.70 1.73 1.75 1.75
Profit before tax 2.11 2.38 1.68 2.27 2.15 2.64 1.90 2.32 2.81 3.16 2.16 2.68 2.69
Tax % 15.64% 33.61% 14.29% 25.55% 17.67% 38.26% 25.26% 28.02% 27.76% 16.14% 25.00% 22.76% 18.22%
1.77 1.57 1.44 1.68 1.77 1.64 1.43 1.67 2.02 2.65 1.62 2.07 2.19
EPS in Rs 0.04 0.04 0.03 0.04 0.04 0.04 0.03 0.04 0.05 0.06 0.04 0.05 0.05
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
110 125 198 214 248 266 277 225 283 282 266 278 280
102 117 183 201 231 246 255 207 260 259 241 250 251
Operating Profit 8 8 15 13 17 20 21 18 23 23 25 28 28
OPM % 7% 6% 8% 6% 7% 7% 8% 8% 8% 8% 9% 10% 10%
0 -0 0 0 0 0 0 0 0 0 0 0 0
Interest 4 4 7 5 7 9 10 11 10 10 11 11 11
Depreciation 1 1 3 3 4 4 5 5 5 5 5 7 7
Profit before tax 3 3 5 5 6 6 6 2 7 8 9 10 11
Tax % 29% 27% 26% 20% 16% 15% 15% 21% 8% 17% 25% 24%
2 2 4 4 5 5 5 2 6 7 7 8 9
EPS in Rs 0.05 0.05 0.09 0.10 0.11 0.12 0.12 0.04 0.15 0.15 0.15 0.18 0.20
Dividend Payout % 0% 7% 4% 3% 3% 3% 3% 9% 2% 2% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 0%
3 Years: -1%
TTM: 0%
Compounded Profit Growth
10 Years: 13%
5 Years: 8%
3 Years: 6%
TTM: 26%
Stock Price CAGR
10 Years: -1%
5 Years: 10%
3 Years: -10%
1 Year: -34%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 7%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 15 15 15 15 15 15 15 15 15 15 16 24 21
Reserves 35 37 40 44 49 54 59 61 67 72 83 129 135
29 47 55 73 82 87 105 108 103 104 122 102 102
10 17 15 17 26 24 26 24 33 24 29 20 25
Total Liabilities 88 116 125 149 172 180 205 207 218 216 251 276 283
20 44 41 46 56 53 65 60 56 52 79 74 72
CWIP 9 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 0
58 72 84 103 115 126 140 145 162 162 172 202 211
Total Assets 88 116 125 149 172 180 205 207 218 216 251 276 283

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 -3 -7 -6 2 -3 -2 -0 4 12 10 -25
0 -15 -0 -9 -14 -2 -17 -2 1 -3 -23 45
0 17 8 14 13 5 18 3 -5 -10 12 -20
Net Cash Flow 0 -1 1 -1 1 -0 -1 1 0 -0 -1 -0
Free Cash Flow 0 -18 -8 -14 -12 -5 -19 -2 5 10 -21 -27
CFO/OP 0% -34% -41% -39% 13% -13% -7% 1% 21% 59% 47% -81%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 50 57 56 72 68 58 70 83 89 89 81 116
Inventory Days 156 166 101 96 105 117 121 159 125 137 157 152
Days Payable 25 47 21 21 25 19 18 18 20 22 33 19
Cash Conversion Cycle 181 176 136 146 147 156 173 224 194 204 205 250
Working Capital Days 78 78 59 51 53 61 60 87 81 79 90 140
ROCE % 9% 8% 12% 8% 10% 10% 10% 7% 9% 10% 10% 9%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Fabric Dyeing & Processing Capacity
Tons Per Day (TPD)

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Garment Production Volume
Pieces
Export Sales Value
Rs. Lacs
Gross Current Assets (GCA) Days
Days

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
24.95% 24.95% 27.63% 27.63% 27.63% 31.02% 31.02% 31.01% 31.01% 31.01% 31.01% 41.83%
0.00% 0.01% 0.00% 0.01% 0.00% 0.00% 0.12% 0.00% 0.00% 0.00% 0.00% 0.00%
75.06% 75.04% 72.37% 72.36% 72.38% 68.97% 68.86% 68.98% 68.98% 68.99% 68.99% 58.17%
No. of Shareholders 57,49778,85779,03385,22788,11994,8721,00,8951,01,6261,02,2501,00,76999,00798,641

* 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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