Bhartiya International Ltd

Bhartiya Intl. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bhartiya International Ltd

₹ 212 0.88%
09 Jun 1:45 p.m.
bhartiya.com BSE: 526666 NSE : BIL
About

Bhartiya International Ltd is engaged in the business of manufacturing and trading leather and textile products. It also has presence in Real Estate in North Bangalore Region with commercial and retail spaces.[1][2]

Key Points

Business Segments
The company operates across four major business divisions:
Leather Outerwear: This division offers a complete range of Men and Women outerwear apparel. The focus is now on growing the top line through long term partnerships with a concentrated list of high-value customers along with a diversified client base.[1]
Accessories: The accessories division produces leather and non-leather bags, accessories including belts for reputed international brands. The Co is entering into long-term manufacturing arrangements with leading brands in the luxury accessory space.
Textile Outwear: The division offers quality products to reputed retailers/brands by specialising in a variety of styles for Men's and Women's categories of Outerwear.[2]
Virtual Manufacturing: This division is a design-led and asset-light platform wherein the Co provides manufacturing expertise to leading brands by utilizing partner factories.[3]

Website BSE NSE
  • Market Cap ₹ 259 Cr.
  • Current Price ₹ 212
  • High / Low ₹ 268 / 145
  • Stock P/E 4.13
  • Book Value ₹ 318
  • Dividend Yield 0.00 %
  • ROCE 12.4 %
  • ROE 17.6 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 0.67 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 3.88% over last 3 years.
  • Contingent liabilities of Rs.126 Cr.
  • Earnings include an other income of Rs.51.5 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
127 64 206 136 143 114 215 208 157 226 234 192 147
117 86 184 127 137 111 198 212 171 215 207 173 131
Operating Profit 10 -22 22 9 5 3 17 -3 -14 11 27 19 16
OPM % 8% -35% 11% 6% 4% 3% 8% -2% -9% 5% 12% 10% 11%
4 1 1 2 11 2 16 14 3 1 1 1 55
Interest 7 6 8 4 6 7 5 6 6 7 9 12 8
Depreciation 3 3 2 3 3 3 9 10 2 6 6 6 7
Profit before tax 5 -30 13 4 7 -5 19 -5 -20 -2 13 1 55
Tax % 4% 15% 27% 47% -8% 0% 19% -14% -6% -83% 26% 36% 1%
Net Profit 4 -25 9 2 8 -5 15 -6 -21 -3 10 1 55
EPS in Rs 3.66 -20.61 7.49 1.72 6.37 -4.04 12.28 -4.71 -17.08 -2.31 7.98 0.77 44.85
Raw PDF

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
251 303 414 558 622 642 711 748 721 548 694 799
224 277 377 508 569 598 661 688 661 521 684 720
Operating Profit 27 26 37 50 53 44 49 60 60 28 10 79
OPM % 11% 9% 9% 9% 9% 7% 7% 8% 8% 5% 1% 10%
2 3 4 -1 -2 6 7 13 4 5 32 52
Interest 10 12 16 13 13 18 23 35 29 28 29 37
Depreciation 3 3 4 6 6 6 7 8 10 10 24 25
Profit before tax 16 14 21 30 32 26 26 29 26 -6 -11 68
Tax % 28% 30% 31% 28% 29% 31% 33% 33% 17% -5% -49% 9%
Net Profit 12 10 15 21 25 18 17 20 21 -6 -17 63
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
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: 15%
Compounded Profit Growth
10 Years: 20%
5 Years: 30%
3 Years: 43%
TTM: 479%
Stock Price CAGR
10 Years: 0%
5 Years: -11%
3 Years: 25%
1 Year: 26%
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
10 11 11 11 12 12 12 12 12 12 12 12
Reserves 121 131 145 166 200 244 359 383 335 328 311 376
77 104 171 204 222 265 348 383 441 437 478 501
42 44 53 92 110 98 191 140 117 126 142 124
Total Liabilities 250 290 380 473 544 619 910 917 904 903 943 1,013
48 66 66 67 75 87 97 114 125 187 194 199
CWIP 9 0 4 6 9 8 25 10 11 8 8 -0
Investments 41 41 39 38 38 43 127 123 47 38 6 54
151 184 272 362 422 481 661 670 721 669 735 759
Total Assets 250 290 380 473 544 619 910 917 904 903 943 1,013

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% 12%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
52.41 57.38 57.38 57.38 57.36 57.36 57.36 57.36 57.36 57.36 57.36 57.36
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.64
8.55 8.55 8.55 8.55 8.65 8.65 8.65 8.65 8.64 8.64 8.64 0.00
0.35 0.35 0.42 0.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
38.69 33.71 33.65 33.65 34.00 34.00 34.00 34.00 34.00 33.99 34.00 34.00

* 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.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Dec 2017
    Transcript
    Notes
    PPT
  • Feb 2016
    Transcript
    Notes
    PPT