Bhandari Hosiery Exports Ltd
Incorporated in 1994, Bhandari Hosiery Exports Ltd is in the business of textiles and garment manufacturing[1]
- Market Cap ₹ 120 Cr.
- Current Price ₹ 5.00
- High / Low ₹ 8.70 / 4.22
- Stock P/E 15.0
- Book Value ₹ 6.38
- Dividend Yield 0.40 %
- ROCE 9.04 %
- ROE 6.10 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 0.78 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 0.10% over past five years.
- Promoter holding is low: 31.0%
- Company has a low return on equity of 6.85% over last 3 years.
- Debtor days have increased from 95.5 to 116 days.
* 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 Textiles Textiles & Apparels Other Textile Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
110 | 125 | 198 | 214 | 248 | 266 | 277 | 225 | 283 | 282 | 266 | 278 | 283 | |
102 | 117 | 183 | 201 | 231 | 246 | 255 | 207 | 260 | 259 | 241 | 250 | 256 | |
Operating Profit | 8 | 8 | 15 | 13 | 17 | 20 | 21 | 18 | 23 | 23 | 25 | 28 | 28 |
OPM % | 7% | 6% | 8% | 6% | 7% | 7% | 8% | 8% | 8% | 8% | 9% | 10% | 10% |
0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | |
Interest | 4 | 4 | 7 | 5 | 7 | 9 | 10 | 11 | 10 | 10 | 11 | 11 | 11 |
Depreciation | 1 | 1 | 3 | 3 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 7 | 7 |
Profit before tax | 3 | 3 | 5 | 5 | 6 | 6 | 6 | 2 | 7 | 8 | 9 | 10 | 10 |
Tax % | 29% | 27% | 26% | 20% | 16% | 15% | 15% | 21% | 8% | 17% | 25% | 24% | |
2 | 2 | 4 | 4 | 5 | 5 | 5 | 2 | 6 | 7 | 7 | 8 | 8 | |
EPS in Rs | 0.08 | 0.09 | 0.17 | 0.18 | 0.21 | 0.22 | 0.22 | 0.07 | 0.26 | 0.27 | 0.27 | 0.32 | 0.33 |
Dividend Payout % | -0% | 7% | 4% | 3% | 3% | 3% | 3% | 9% | 2% | 2% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 0% |
3 Years: | -1% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 8% |
3 Years: | 6% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | -1% |
5 Years: | 35% |
3 Years: | -2% |
1 Year: | -30% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 16 | 24 |
Reserves | 35 | 37 | 40 | 44 | 49 | 54 | 59 | 61 | 67 | 72 | 83 | 129 |
29 | 47 | 55 | 73 | 82 | 87 | 105 | 108 | 103 | 104 | 122 | 102 | |
10 | 17 | 15 | 17 | 26 | 24 | 26 | 24 | 33 | 24 | 29 | 20 | |
Total Liabilities | 88 | 116 | 125 | 149 | 172 | 180 | 205 | 207 | 218 | 216 | 251 | 276 |
20 | 44 | 41 | 46 | 56 | 53 | 65 | 60 | 56 | 52 | 79 | 74 | |
CWIP | 9 | 0 | 0 | 1 | 0 | 1 | 0 | 2 | -0 | 1 | -0 | -0 |
Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
58 | 72 | 84 | 103 | 115 | 126 | 140 | 145 | 162 | 162 | 172 | 202 | |
Total Assets | 88 | 116 | 125 | 149 | 172 | 180 | 205 | 207 | 218 | 216 | 251 | 276 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0 | -3 | -7 | -6 | 2 | -3 | -2 | -0 | 4 | 12 | 10 | -25 | |
-0 | -15 | -0 | -9 | -14 | -2 | -17 | -2 | 1 | -3 | -23 | 45 | |
-0 | 17 | 8 | 14 | 13 | 5 | 18 | 3 | -5 | -10 | 12 | -20 | |
Net Cash Flow | -0 | -1 | 1 | -1 | 1 | -0 | -1 | 1 | 0 | -0 | -1 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 50 | 57 | 56 | 72 | 68 | 58 | 70 | 83 | 89 | 89 | 81 | 116 |
Inventory Days | 156 | 166 | 101 | 96 | 105 | 117 | 121 | 159 | 125 | 137 | 157 | 152 |
Days Payable | 25 | 47 | 21 | 21 | 25 | 19 | 18 | 18 | 20 | 22 | 33 | 19 |
Cash Conversion Cycle | 181 | 176 | 136 | 146 | 147 | 156 | 173 | 224 | 194 | 204 | 205 | 250 |
Working Capital Days | 78 | 78 | 59 | 51 | 53 | 61 | 60 | 87 | 81 | 79 | 90 | 140 |
ROCE % | 9% | 8% | 12% | 8% | 10% | 10% | 10% | 7% | 9% | 10% | 10% | 9% |
Documents
Announcements
- RESULTS - FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2025 3h
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Board Meeting Outcome for OUTCOME OF BOARD MEETING
3h - Q1 FY2026 unaudited results approved; revenue Rs. 6290.67L, profit Rs. 161.90L, limited review done.
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Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29(A) Of SEBI (LODR) Regulations, 2015.
7 Aug - Board meeting on 14 Aug 2025 to approve Q1 unaudited financial results; trading window closed.
-
Fixed The Record Date
5 Aug - Notice of 32nd AGM, record date Aug 21, 2025 for dividend and e-voting details.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
5 Aug - Newspaper Publication of Notice of Annual General Meeting
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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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
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1][2]
Incorporated in 1994, BHEL manufactures high-fashion knitted garments at its unit in Ludhiana, Punjab. Mr Naresh Bhandari and Mr Nitin Bhandari manage operations. Company is a part of the Bhandari group. It is a fully integrated textile company that specializes in circular knitted manufacturing. BHEL is engaged in the design, development, knitting, dyeing, finishing, and garmenting and provides fashion supply for retailers and brands worldwide.