Bhartiya International Ltd

₹ 730 -1.38%

04 Jul - close price

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.

Website BSE NSE

Market Cap ₹ 947 Cr.
Current Price ₹ 730
High / Low ₹ 852 / 416
Stock P/E 60.6
Book Value ₹ 345
Dividend Yield 0.00 %
ROCE 7.67 %
ROE 3.73 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter
Promoter holding has increased by 2.54% over last quarter.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 7.39% over past five years.
Company has a low return on equity of 6.73% 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	157	226	234	192	147	172	228	198	180	229	296	263	241
	171	215	207	173	131	159	202	184	166	217	267	246	222
Operating Profit	-14	11	27	19	16	13	26	14	14	12	28	17	19
OPM %	-9%	5%	12%	10%	11%	8%	11%	7%	8%	5%	10%	7%	8%
	3	1	1	1	55	1	1	1	5	1	2	1	16
Interest	6	7	9	12	8	10	11	10	11	10	12	12	11
Depreciation	2	6	6	6	7	7	6	7	6	6	6	7	6
Profit before tax	-20	-2	13	1	55	-2	10	-2	2	-4	12	0	17
Tax %	6%	83%	26%	36%	1%	59%	42%	56%	17%	46%	35%	685%	10%
	-21	-3	10	1	55	-4	6	-3	1	-5	8	-2	15
EPS in Rs	-17.08	-2.31	7.98	0.77	44.85	-2.89	4.58	-2.66	1.16	-4.44	6.29	-1.24	11.49
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	414	558	622	642	711	748	721	548	694	799	778	1,029
	377	508	569	598	661	688	661	521	684	712	700	939
Operating Profit	37	50	53	44	49	60	60	28	10	87	78	90
OPM %	9%	9%	9%	7%	7%	8%	8%	5%	1%	11%	10%	9%
	4	-1	-2	6	7	13	4	5	32	52	7	6
Interest	16	13	13	18	23	35	29	28	29	45	52	45
Depreciation	4	6	6	6	7	8	10	10	24	25	26	26
Profit before tax	21	30	32	26	26	29	26	-6	-11	68	7	25
Tax %	31%	28%	29%	31%	33%	33%	17%	5%	49%	9%	97%	37%
	15	21	25	18	17	20	21	-6	-17	63	0	16
EPS in Rs	13.12	18.73	21.09	15.37	14.34	16.23	17.43	-5.04	-13.54	51.29	0.18	12.06
Dividend Payout %	8%	5%	6%	8%	8%	7%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	6%
5 Years:	7%
3 Years:	14%
TTM:	32%

Compounded Profit Growth
10 Years:	-4%
5 Years:	-6%
3 Years:	43%
TTM:	8121%

Stock Price CAGR
10 Years:	3%
5 Years:	39%
3 Years:	62%
1 Year:	53%

Return on Equity
10 Years:	5%
5 Years:	3%
3 Years:	7%
Last Year:	4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	11	11	12	12	12	12	12	12	12	12	12	13
Reserves	145	166	211	254	363	383	335	328	311	376	378	436
	171	204	222	265	348	383	441	437	478	501	517	479
	53	92	100	88	187	140	117	126	142	123	190	245
Total Liabilities	380	473	544	619	910	917	904	903	943	1,012	1,097	1,172
	66	67	75	87	97	114	125	187	194	199	179	159
CWIP	4	6	9	8	25	10	11	8	8	0	1	3
Investments	39	38	38	43	127	123	47	38	6	54	43	44
	272	362	422	481	661	670	721	669	735	758	873	966
Total Assets	380	473	544	619	910	917	904	903	943	1,012	1,097	1,172

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-21	-21	-12	-2	-56	8	-7	26	46	12	66	44
	-2	-8	-14	-21	-28	-1	-12	-24	-46	-22	-21	-14
	51	22	23	45	65	3	31	-35	16	-14	-26	-45
Net Cash Flow	27	-7	-2	22	-20	10	12	-32	16	-25	18	-15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	25	60	53	52	98	60	64	93	68	59	68	67
Inventory Days	238	204	243	248	280	327	369	464	401	423	496	372
Days Payable	42	57	61	51	122	83	67	113	101	74	134	121
Cash Conversion Cycle	221	207	235	249	256	304	366	444	367	408	429	317
Working Capital Days	157	153	170	190	220	222	250	339	276	268	282	229
ROCE %	13%	13%	12%	9%	8%	9%	7%	3%	2%	13%	7%	8%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	57.36%	57.36%	57.36%	57.36%	57.36%	57.35%	57.35%	57.35%	57.35%	57.35%	57.35%	59.89%
	0.00%	0.00%	0.00%	8.64%	8.61%	8.53%	8.36%	8.36%	8.25%	8.12%	8.22%	7.73%
	8.64%	8.64%	8.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.18%	0.18%	0.00%
	34.00%	33.99%	34.00%	34.00%	34.03%	34.13%	34.29%	34.30%	34.33%	34.35%	34.25%	32.37%
No. of Shareholders	6,690	6,423	6,239	6,122	6,437	6,157	6,120	5,548	5,344	5,214	4,933	4,892

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	49.35%	47.60%	47.52%	50.48%	57.38%	57.36%	57.36%	57.35%	59.89%
	0.21%	0.21%	6.12%	0.00%	0.00%	0.00%	8.64%	8.36%	7.73%
	0.25%	0.32%	0.23%	8.55%	8.55%	8.65%	0.00%	0.00%	0.00%
	0.00%	0.33%	0.33%	0.35%	0.42%	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%
No. of Shareholders	5,981	4,976	4,812	4,681	4,934	6,531	6,122	5,548	4,892

* 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

Shareholding Pattern

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