Bhartiya International Ltd

Bhartiya International Ltd

₹ 776 2.41%
29 May - close price
About

Incorporated in 1983, Bhartiya International Ltd is in the business of manufacturing and trading of leather products and textile products.[1]

Key Points

Business Overview:[1]
BIL is a part of the Bhartiya Group. It is a fashion house that is engaged in the business of manufacturing and exporting leather outerwear, accessories, and apparel. The company operates through a multi-location setup with many manufacturing facilities. It caters primarily to international clients and develops fashion collections for 150 luxury brands /retailers across the world.

  • Market Cap 1,040 Cr.
  • Current Price 776
  • High / Low 988 / 602
  • Stock P/E 30.8
  • Book Value 330
  • Dividend Yield 0.00 %
  • ROCE 10.6 %
  • ROE 8.03 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 83.5% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.51% 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.

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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
122.31 153.28 183.40 177.59 146.68 186.59 233.01 234.26 202.71 244.70 328.54 312.67 244.62
111.35 137.14 156.03 163.92 132.88 168.74 202.94 217.10 187.79 217.97 291.93 288.60 225.25
Operating Profit 10.96 16.14 27.37 13.67 13.80 17.85 30.07 17.16 14.92 26.73 36.61 24.07 19.37
OPM % 8.96% 10.53% 14.92% 7.70% 9.41% 9.57% 12.91% 7.33% 7.36% 10.92% 11.14% 7.70% 7.92%
1.49 0.66 0.65 0.82 0.53 0.95 0.74 1.02 1.26 0.77 0.56 0.66 0.78
Interest 8.97 9.04 9.95 9.75 10.55 9.72 11.56 11.35 10.89 11.33 12.85 12.01 12.83
Depreciation 2.75 2.70 2.57 2.60 2.60 2.62 2.66 2.69 2.51 2.65 2.64 2.68 3.80
Profit before tax 0.73 5.06 15.50 2.14 1.18 6.46 16.59 4.14 2.78 13.52 21.68 10.04 3.52
Tax % 65.75% 24.51% 24.97% 47.66% 15.25% 24.77% 25.20% 43.24% 45.68% 24.93% 29.15% 33.57% 56.82%
0.26 3.83 11.64 1.12 1.00 4.88 12.42 2.36 1.50 10.15 15.37 6.68 1.51
EPS in Rs 0.21 3.14 9.53 0.92 0.82 4.00 10.17 1.93 1.16 7.82 11.46 4.98 1.13
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
424 445 473 518 609 573 397 531 664 661 857 1,131
390 405 438 476 550 517 364 484 594 580 766 1,024
Operating Profit 34 40 35 42 59 56 33 47 71 81 91 107
OPM % 8% 9% 7% 8% 10% 10% 8% 9% 11% 12% 11% 9%
2 3 6 5 4 4 4 5 3 3 4 3
Interest 11 16 16 20 31 27 27 26 43 49 54 49
Depreciation 4 4 5 6 7 9 8 8 10 10 11 12
Profit before tax 21 23 19 20 25 25 2 17 22 24 30 49
Tax % 34% 36% 35% 36% 35% 14% 34% 29% 26% 26% 29% 31%
14 15 12 13 16 22 2 12 16 18 21 34
EPS in Rs 12.55 12.61 10.63 10.78 13.33 17.63 1.29 9.79 13.25 14.41 16.29 25.14
Dividend Payout % 8% 10% 11% 11% 9% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 23%
3 Years: 19%
TTM: 32%
Compounded Profit Growth
10 Years: 9%
5 Years: 84%
3 Years: 28%
TTM: 59%
Stock Price CAGR
10 Years: 4%
5 Years: 30%
3 Years: 49%
1 Year: 6%
Return on Equity
10 Years: 5%
5 Years: 6%
3 Years: 7%
Last Year: 8%

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 11 12 12 12 12 12 12 12 12 12 13 13
Reserves 152 186 226 242 257 277 279 291 307 325 383 430
192 220 258 328 341 405 394 437 462 488 461 537
63 77 69 114 110 75 71 104 121 171 224 254
Total Liabilities 419 495 565 696 720 770 756 845 902 996 1,082 1,234
60 69 82 87 104 112 109 121 142 137 131 136
CWIP 6 9 6 20 3 3 0 8 0 1 2 12
Investments 62 61 71 72 66 66 66 66 66 66 66 66
291 357 406 517 547 589 582 649 694 792 882 1,020
Total Assets 419 495 565 696 720 770 756 845 902 996 1,082 1,234

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
-27 -23 2 -49 23 -7 16 30 29 36 41
-5 -14 -24 -20 2 -8 -9 -45 -22 -21 -13
30 34 40 52 -17 39 -38 18 -11 -13 -32
Net Cash Flow -1 -3 18 -17 8 23 -31 3 -4 1 -3
Free Cash Flow -38 -40 -18 -75 16 -14 14 3 8 29 35
CFO/OP -64% -35% 32% -101% 48% -7% 66% 70% 44% 53% 52%

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 44 47 45 68 43 49 72 58 46 57 59 62
Inventory Days 261 353 347 404 413 470 694 537 512 595 455 384
Days Payable 43 50 57 103 84 50 88 100 93 150 139 113
Cash Conversion Cycle 263 350 335 369 371 469 678 494 466 502 374 333
Working Capital Days 44 67 61 71 65 61 169 139 113 91 84 84
ROCE % 10% 10% 8% 7% 9% 8% 4% 6% 8% 9% 10% 11%

Insights

In beta
Mar 2017 Mar 2023 Mar 2024 Mar 2025
Geographic Revenue Share - Exports
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Leather Accessories Production Capacity
Units/Annum
Leather Garments Production Capacity
Units/Annum
Number of Manufacturing Units
Count
Number of Permanent Employees
Count
Revenue Mix - Leather Products
%
Revenue Mix - Textile Outerwear
%
Tannery Processing Capacity
sq. ft. per month

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
57.36% 57.35% 57.35% 57.35% 57.35% 57.35% 57.35% 59.89% 59.89% 61.17% 61.17% 61.17%
8.61% 8.53% 8.36% 8.36% 8.25% 8.12% 8.22% 7.73% 7.73% 7.44% 7.45% 7.46%
0.00% 0.00% 0.00% 0.00% 0.08% 0.18% 0.18% 0.00% 0.00% 0.00% 0.00% 0.25%
34.03% 34.13% 34.29% 34.30% 34.33% 34.35% 34.25% 32.37% 32.37% 31.40% 31.39% 31.13%
No. of Shareholders 6,4376,1576,1205,5485,3445,2144,9334,8924,8004,9244,9684,720

* 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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