Bhartiya International Ltd

₹ 845 1.52%

21 Aug 11:51 a.m.

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.

Website BSE NSE

Market Cap ₹ 1,133 Cr.
Current Price ₹ 845
High / Low ₹ 980 / 602
Stock P/E 29.2
Book Value ₹ 330
Dividend Yield 0.00 %
ROCE 10.6 %
ROE 8.03 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 83.5% CAGR over last 5 years

Cons

Stock is trading at 2.56 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
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.

Peer comparison

Consumer Discretionary Consumer Durables Consumer Durables Leather And Leather Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	153	183	178	147	187	233	234	203	245	329	313	245	306
	137	156	164	133	169	203	217	188	218	292	289	225	272
Operating Profit	16	27	14	14	18	30	17	15	27	37	24	19	34
OPM %	11%	15%	8%	9%	10%	13%	7%	7%	11%	11%	8%	8%	11%
	1	1	1	1	1	1	1	1	1	1	1	1	2
Interest	9	10	10	11	10	12	11	11	11	13	12	13	12
Depreciation	3	3	3	3	3	3	3	3	3	3	3	4	4
Profit before tax	5	16	2	1	6	17	4	3	14	22	10	4	20
Tax %	25%	25%	48%	15%	25%	25%	43%	46%	25%	29%	34%	57%	25%
	4	12	1	1	5	12	2	2	10	15	7	2	15
EPS in Rs	3.14	9.53	0.92	0.82	4.00	10.17	1.93	1.16	7.82	11.46	4.98	1.13	11.43
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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	TTM
	424	445	473	518	609	573	397	531	664	661	857	1,131	1,192
	390	405	438	476	550	517	364	484	594	580	766	1,024	1,078
Operating Profit	34	40	35	42	59	56	33	47	71	81	91	107	114
OPM %	8%	9%	7%	8%	10%	10%	8%	9%	11%	12%	11%	9%	10%
	2	3	6	5	4	4	4	5	3	3	4	3	4
Interest	11	16	16	20	31	27	27	26	43	49	54	49	49
Depreciation	4	4	5	6	7	9	8	8	10	10	11	12	13
Profit before tax	21	23	19	20	25	25	2	17	22	24	30	49	56
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	39
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	29.00
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:	30%

Compounded Profit Growth
10 Years:	9%
5 Years:	84%
3 Years:	28%
TTM:	47%

Stock Price CAGR
10 Years:	5%
5 Years:	32%
3 Years:	62%
1 Year:	-2%

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	-14
	-5	-14	-24	-20	2	-8	-9	-45	-22	-21	-13	-18
	30	34	40	52	-17	39	-38	18	-11	-13	-32	33
Net Cash Flow	-1	-3	18	-17	8	23	-31	3	-4	1	-3	1
Free Cash Flow	-38	-40	-18	-75	16	-14	14	3	8	29	35	-32
CFO/OP	-64%	-35%	32%	-101%	48%	-7%	66%	70%	44%	53%	52%	-4%

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 2012

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Mar 2021

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Mar 2023

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Mar 2025

Top 5 Customer Concentration
% of total sales

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		xxx	xxx	xxx	xxx			xxx			xxx
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									x,xxx.xx	x,xxx.xx

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Export Share of Revenue
% of revenue

Manufactured Goods Revenue Share
% of total operating revenue

Traded Goods Revenue Share
% of total operating revenue

Europe / EU+UK Revenue Share
% of revenue

Number of Employees
count

UK + US + Italy Revenue Share
% of consolidated revenue

Order Book
INR million

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57.35%	57.35%	57.35%	57.35%	57.35%	57.35%	59.89%	59.89%	61.17%	61.17%	61.17%	61.17%
	8.53%	8.36%	8.36%	8.25%	8.12%	8.22%	7.73%	7.73%	7.44%	7.45%	7.46%	7.43%
	0.00%	0.00%	0.00%	0.08%	0.18%	0.18%	0.00%	0.00%	0.00%	0.00%	0.25%	0.25%
	34.13%	34.29%	34.30%	34.33%	34.35%	34.25%	32.37%	32.37%	31.40%	31.39%	31.13%	31.16%
No. of Shareholders	6,157	6,120	5,548	5,344	5,214	4,933	4,892	4,800	4,924	4,968	4,720	4,799

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	49.35%	47.60%	47.52%	50.48%	57.38%	57.36%	57.36%	57.35%	59.89%	61.17%	61.17%
	0.21%	0.21%	6.12%	0.00%	0.00%	0.00%	8.64%	8.36%	7.73%	7.46%	7.43%
	0.25%	0.32%	0.23%	8.55%	8.55%	8.65%	0.00%	0.00%	0.00%	0.25%	0.25%
	0.00%	0.33%	0.33%	0.35%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	50.19%	51.54%	45.81%	40.61%	33.65%	34.00%	34.00%	34.30%	32.37%	31.13%	31.16%
No. of Shareholders	5,981	4,976	4,812	4,681	4,934	6,531	6,122	5,548	4,892	4,720	4,799

* 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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Bhartiya International Ltd

Bhartiya International Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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