Bhartiya International Ltd
Incorporated in 1987, Bhartiya International manufactures and trades leather products
& textile products[1]
- Market Cap ₹ 318 Cr.
- Current Price ₹ 260
- High / Low ₹ 408 / 149
- Stock P/E 5.93
- Book Value ₹ 320
- Dividend Yield 0.00 %
- ROCE 13.4 %
- ROE 17.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.81 times its book value
- Company has delivered good profit growth of 30.3% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 2.36% over past five years.
- Company has a low return on equity of 3.87% over last 3 years.
- Contingent liabilities of Rs.147 Cr.
- Earnings include an other income of Rs.57.0 Cr.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
251 | 303 | 414 | 558 | 622 | 642 | 711 | 748 | 721 | 548 | 694 | 799 | 745 | |
224 | 277 | 377 | 508 | 569 | 598 | 661 | 688 | 661 | 521 | 684 | 712 | 676 | |
Operating Profit | 27 | 26 | 37 | 50 | 53 | 44 | 49 | 60 | 60 | 28 | 10 | 87 | 69 |
OPM % | 11% | 9% | 9% | 9% | 9% | 7% | 7% | 8% | 8% | 5% | 1% | 11% | 9% |
2 | 3 | 4 | -1 | -2 | 6 | 7 | 13 | 4 | 5 | 32 | 52 | 57 | |
Interest | 10 | 12 | 16 | 13 | 13 | 18 | 23 | 35 | 29 | 28 | 29 | 45 | 39 |
Depreciation | 3 | 3 | 4 | 6 | 6 | 6 | 7 | 8 | 10 | 10 | 24 | 25 | 26 |
Profit before tax | 16 | 14 | 21 | 30 | 32 | 26 | 26 | 29 | 26 | -6 | -11 | 68 | 61 |
Tax % | 28% | 30% | 31% | 28% | 29% | 31% | 33% | 33% | 17% | -5% | -49% | 9% | |
12 | 10 | 15 | 21 | 25 | 18 | 17 | 20 | 21 | -6 | -17 | 63 | 54 | |
EPS in Rs | 10.94 | 9.17 | 13.12 | 18.73 | 21.09 | 15.37 | 14.34 | 16.23 | 17.43 | -5.04 | -13.54 | 51.29 | 43.88 |
Dividend Payout % | 9% | 11% | 8% | 5% | 6% | 8% | 8% | 7% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 2% |
3 Years: | 3% |
TTM: | -8% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 30% |
3 Years: | 43% |
TTM: | 511% |
Stock Price CAGR | |
---|---|
10 Years: | 2% |
5 Years: | -1% |
3 Years: | 16% |
1 Year: | 74% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 5% |
3 Years: | 4% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
Reserves | 121 | 131 | 145 | 166 | 200 | 244 | 359 | 383 | 335 | 328 | 311 | 376 | 378 |
77 | 104 | 171 | 204 | 222 | 265 | 348 | 383 | 441 | 437 | 478 | 501 | 544 | |
42 | 44 | 53 | 92 | 110 | 98 | 191 | 140 | 117 | 126 | 142 | 123 | 195 | |
Total Liabilities | 250 | 290 | 380 | 473 | 544 | 619 | 910 | 917 | 904 | 903 | 943 | 1,012 | 1,129 |
48 | 66 | 66 | 67 | 75 | 87 | 97 | 114 | 125 | 187 | 194 | 199 | 188 | |
CWIP | 9 | 0 | 4 | 6 | 9 | 8 | 25 | 10 | 11 | 8 | 8 | 0 | 2 |
Investments | 41 | 41 | 39 | 38 | 38 | 43 | 127 | 123 | 47 | 38 | 6 | 54 | 46 |
151 | 184 | 272 | 362 | 422 | 481 | 661 | 670 | 721 | 669 | 735 | 758 | 894 | |
Total Assets | 250 | 290 | 380 | 473 | 544 | 619 | 910 | 917 | 904 | 903 | 943 | 1,012 | 1,129 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | -6 | -21 | -21 | -12 | -2 | -56 | 8 | -7 | 26 | 46 | 12 | |
-8 | -9 | -2 | -8 | -14 | -21 | -28 | -1 | -12 | -24 | -46 | -22 | |
7 | 18 | 51 | 22 | 23 | 45 | 65 | 3 | 31 | -35 | 16 | -14 | |
Net Cash Flow | 2 | 4 | 27 | -7 | -2 | 22 | -20 | 10 | 12 | -32 | 16 | -25 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 36 | 45 | 25 | 60 | 53 | 52 | 98 | 60 | 64 | 93 | 68 | 59 |
Inventory Days | 242 | 211 | 238 | 204 | 243 | 248 | 280 | 327 | 369 | 464 | 401 | 423 |
Days Payable | 68 | 56 | 42 | 57 | 61 | 51 | 122 | 83 | 67 | 113 | 101 | 74 |
Cash Conversion Cycle | 211 | 200 | 221 | 207 | 235 | 249 | 256 | 304 | 366 | 444 | 367 | 408 |
Working Capital Days | 145 | 150 | 157 | 153 | 170 | 190 | 220 | 222 | 250 | 339 | 276 | 268 |
ROCE % | 13% | 12% | 13% | 13% | 12% | 9% | 8% | 9% | 7% | 3% | 2% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Feb - Submission of Newspaper Publication of Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended 31st December, 2023.
- Board Meeting Outcome for OUTCOME OF THE BOARD MEETING HELD ON 12TH FEBRUARY, 2024 12 Feb
- Unaudited Financial Results For The Quarter And Nine Months Ended 31St December, 2023. 12 Feb
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Feb - Submission of Newspaper Publication of Notice for Board Meeting
- Board Meeting Intimation for INTIMATION OF BOARD MEETING 6 Feb
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
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Financial Year 2012
from nse
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Financial Year 2011
from bse
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.