Bhartiya International Ltd

Bhartiya International Ltd

₹ 450 -1.67%
19 Jun 10:08 a.m.
About

Incorporated in 1987, Bhartiya International manufactures and trades leather products
& textile products[1]

Key Points

Business Overview:[1][2]
Company sources leather from India, Europe, Middle East, Latin America and other Asia Pacific counties, and exports leather garments and accessories to US, Canada, Switzerland, Italy, France, Spain, and Austria, etc. Besides leather products, company also trades in textile apparels for which designing, raw material procurement and marketing activities are done in-house, while production is outsourced to manufacturers in China and Bangladesh.

  • Market Cap 549 Cr.
  • Current Price 450
  • High / Low 485 / 185
  • Stock P/E 31.2
  • Book Value 276
  • Dividend Yield 0.00 %
  • ROCE 7.87 %
  • ROE 5.36 %
  • Face Value 10.0

Pros

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 4.88% 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

Sector: Leather Industry: Leather / Leather Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
95.40 75.56 168.87 169.64 116.79 176.32 190.97 174.83 122.31 153.28 183.40 177.59 146.68
89.14 68.61 149.48 159.54 109.90 162.83 167.92 159.69 111.35 137.14 156.03 163.92 132.88
Operating Profit 6.26 6.95 19.39 10.10 6.89 13.49 23.05 15.14 10.96 16.14 27.37 13.67 13.80
OPM % 6.56% 9.20% 11.48% 5.95% 5.90% 7.65% 12.07% 8.66% 8.96% 10.53% 14.92% 7.70% 9.41%
2.04 0.75 0.74 0.73 2.41 0.64 0.66 0.68 1.49 0.66 0.65 0.82 0.53
Interest 6.17 5.59 5.73 5.66 5.75 6.98 8.33 10.18 8.97 9.04 9.95 9.75 10.55
Depreciation 1.95 2.00 2.02 2.11 2.22 2.32 2.32 2.42 2.75 2.70 2.57 2.60 2.60
Profit before tax 0.18 0.11 12.38 3.06 1.33 4.83 13.06 3.22 0.73 5.06 15.50 2.14 1.18
Tax % 205.56% -9.09% 26.49% 24.51% 69.17% 24.43% 25.11% 22.67% 65.75% 24.51% 24.97% 47.66% 15.25%
-0.20 0.13 9.09 2.31 0.41 3.65 9.78 2.48 0.26 3.83 11.64 1.12 1.00
EPS in Rs -0.16 0.11 7.45 1.89 0.34 2.99 8.01 2.03 0.21 3.14 9.53 0.92 0.82
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
247 319 424 445 473 518 609 573 397 531 664 661
224 288 390 405 438 476 550 517 364 484 594 590
Operating Profit 23 31 34 40 35 42 59 56 33 47 71 71
OPM % 9% 10% 8% 9% 7% 8% 10% 10% 8% 9% 11% 11%
2 2 2 3 6 5 4 4 4 5 3 3
Interest 11 17 11 16 16 20 31 27 27 26 43 39
Depreciation 2 3 4 4 5 6 7 9 8 8 10 10
Profit before tax 12 13 21 23 19 20 25 25 2 17 22 24
Tax % 32% 35% 34% 36% 35% 36% 35% 14% 34% 29% 26% 26%
8 9 14 15 12 13 16 22 2 12 16 18
EPS in Rs 7.50 7.81 12.55 12.61 10.63 10.78 13.33 17.63 1.29 9.79 13.25 14.41
Dividend Payout % 13% 13% 8% 10% 11% 11% 9% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 2%
3 Years: 19%
TTM: -1%
Compounded Profit Growth
10 Years: 7%
5 Years: 2%
3 Years: 121%
TTM: 9%
Stock Price CAGR
10 Years: 3%
5 Years: 9%
3 Years: 24%
1 Year: 104%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 5%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11 11 11 12 12 12 12 12 12 12 12 12
Reserves 128 136 149 176 216 238 257 277 279 291 307 325
98 151 192 220 258 328 341 405 394 437 462 488
49 51 66 87 80 118 110 75 71 104 121 171
Total Liabilities 286 348 419 495 565 696 720 770 756 845 902 996
56 56 60 69 82 87 104 112 109 121 142 137
CWIP 0 4 6 9 6 20 3 3 0 8 0 1
Investments 69 60 62 61 71 72 66 66 66 66 66 66
161 229 291 357 406 517 547 589 582 649 694 792
Total Assets 286 348 419 495 565 696 720 770 756 845 902 996

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-14 -40 -27 -23 2 -49 23 -7 16 30 29 36
-8 6 -5 -14 -24 -20 2 -8 -9 -45 -22 -21
24 42 30 34 40 52 -17 39 -38 18 -11 -13
Net Cash Flow 3 8 -1 -3 18 -17 8 23 -31 3 -4 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 40 21 44 47 45 68 43 49 72 58 46 57
Inventory Days 215 287 261 353 347 404 413 470 694 537 512 595
Days Payable 55 40 43 50 57 103 84 50 88 100 93 150
Cash Conversion Cycle 201 268 263 350 335 369 371 469 678 494 466 502
Working Capital Days 136 173 178 215 233 270 247 298 452 346 292 310
ROCE % 11% 12% 10% 10% 8% 7% 9% 8% 4% 6% 8%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
57.36% 57.36% 57.36% 57.36% 57.36% 57.36% 57.36% 57.36% 57.36% 57.35% 57.35% 57.35%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.64% 8.61% 8.53% 8.36% 8.36%
8.65% 8.65% 8.65% 8.65% 8.64% 8.64% 8.64% 0.00% 0.00% 0.00% 0.00% 0.00%
34.00% 34.00% 34.00% 34.00% 34.00% 33.99% 34.00% 34.00% 34.03% 34.13% 34.29% 34.29%
No. of Shareholders 5,6865,6926,5176,5316,6906,4236,2396,1226,4376,1576,1205,548

* 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.

Click on the line-items to see the names of individual entities.

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