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 77.4
  • Book Value 363
  • Dividend Yield 0.00 %
  • ROCE 8.05 %
  • ROE 2.87 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

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 2.30% 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

Consolidated Figures in Rs. Crores / View Standalone

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
146.78 171.87 227.65 198.35 179.66 229.24 295.91 262.97 241.14 279.96 399.40 365.95 312.70
131.09 158.54 201.80 184.29 165.98 216.94 267.44 245.56 222.34 254.11 363.96 337.27 299.54
Operating Profit 15.69 13.33 25.85 14.06 13.68 12.30 28.47 17.41 18.80 25.85 35.44 28.68 13.16
OPM % 10.69% 7.76% 11.36% 7.09% 7.61% 5.37% 9.62% 6.62% 7.80% 9.23% 8.87% 7.84% 4.21%
54.71 0.71 0.67 0.87 5.43 0.63 1.82 1.15 15.51 0.90 0.26 0.73 0.56
Interest 8.44 9.73 10.62 10.44 11.34 10.25 12.12 11.76 11.25 11.62 13.08 12.55 12.49
Depreciation 6.54 6.54 6.34 6.58 6.08 6.40 6.40 6.54 6.42 6.47 6.45 6.50 7.38
Profit before tax 55.42 -2.23 9.56 -2.09 1.69 -3.72 11.77 0.26 16.64 8.66 16.17 10.36 -6.15
Tax % 1.23% 59.19% 41.53% 55.98% 16.57% 45.70% 34.83% 684.62% 10.40% 35.57% 38.53% 35.23% 42.60%
54.73 -3.54 5.58 -3.26 1.41 -5.43 7.67 -1.52 14.91 5.58 9.93 6.70 -8.78
EPS in Rs 44.85 -2.89 4.58 -2.66 1.16 -4.44 6.29 -1.24 11.49 4.30 7.40 5.00 -6.55
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
558 622 642 711 748 721 548 694 799 778 1,029 1,358
508 569 598 661 688 661 521 684 712 700 928 1,255
Operating Profit 50 53 44 49 60 60 28 10 87 78 101 103
OPM % 9% 9% 7% 7% 8% 8% 5% 1% 11% 10% 10% 8%
-1 -2 6 7 13 4 5 32 52 7 6 2
Interest 13 13 18 23 35 29 28 29 45 52 56 50
Depreciation 6 6 6 7 8 10 10 24 25 26 26 27
Profit before tax 30 32 26 26 29 26 -6 -11 68 7 25 29
Tax % 28% 29% 31% 33% 33% 17% 5% 49% 9% 97% 37% 54%
21 25 18 17 20 21 -6 -17 63 0 16 13
EPS in Rs 18.73 21.09 15.37 14.34 16.23 17.43 -5.04 -13.54 51.29 0.18 12.06 10.02
Dividend Payout % 5% 6% 8% 8% 7% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 20%
3 Years: 19%
TTM: 32%
Compounded Profit Growth
10 Years: -7%
5 Years: 33%
3 Years: -40%
TTM: -15%
Stock Price CAGR
10 Years: 4%
5 Years: 30%
3 Years: 49%
1 Year: 6%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 2%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 166 211 254 363 383 335 328 311 376 378 436 474
204 222 265 348 383 441 437 478 501 517 479 542
92 100 88 187 140 117 126 142 123 190 244 329
Total Liabilities 473 544 619 910 917 904 903 943 1,012 1,097 1,172 1,359
67 75 87 97 114 125 187 194 199 179 159 150
CWIP 6 9 8 25 10 11 8 8 0 1 3 12
Investments 38 38 43 127 123 47 38 6 54 43 44 27
362 422 481 661 670 721 669 735 758 873 966 1,170
Total Assets 473 544 619 910 917 904 903 943 1,012 1,097 1,172 1,359

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-21 -12 -2 -56 8 -7 26 46 12 66 44
-8 -14 -21 -28 -1 -12 -24 -46 -22 -21 -14
22 23 45 65 3 31 -35 16 -14 -26 -45
Net Cash Flow -7 -2 22 -20 10 12 -32 16 -25 18 -15
Free Cash Flow -33 -29 -24 -90 -3 -18 9 18 -10 59 37
CFO/OP -29% -3% 19% -101% 25% -0% 112% 515% 15% 94% 50%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 60 53 52 98 60 64 93 68 59 68 67 73
Inventory Days 204 243 248 280 327 369 464 401 423 496 372 309
Days Payable 57 61 51 122 83 67 113 101 74 134 121 120
Cash Conversion Cycle 207 235 249 256 304 366 444 367 408 429 317 262
Working Capital Days 44 62 59 70 68 61 134 115 115 89 83 81
ROCE % 13% 12% 9% 8% 9% 7% 3% 2% 13% 7% 9% 8%

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 ・Standalone data
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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