Bhartiya International Ltd - Stock Valuation and Financial Performance

BSE: 526666 | NSE: BIL | Leather | Small Cap

Bhartiya Internatl. Share Price

445 0.35 0.08%
as on 16-Apr'24 16:01

DeciZen - make an informed investing decision on Bhartiya Internatl.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Bhartiya International stock performance -

mw4me loader
P/E Ratio (SA):
32.08
Market Cap:
540.3 Cr.
52-wk low:
172.7
52-wk high:
480

Is Bhartiya International Ltd an attractive stock to invest in?

1. Is Bhartiya International Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bhartiya International Ltd is a below average quality company.

2. Is Bhartiya International Ltd undervalued or overvalued?

The key valuation ratios of Bhartiya International Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Bhartiya International Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Bhartiya International Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Bhartiya Internatl.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bhartiya International Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.2%6.6%6.6%5%4.9%6.7%6.6%2.9%4.3%6.1%-
Value Creation
Index
-0.6-0.5-0.5-0.6-0.7-0.5-0.5-0.8-0.7-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 319424445471518612577397531664637
Sales YoY Gr.-33%5.1%5.7%10.1%18.1%-5.7%-31.3%33.8%25.2%-
Adj EPS 4.212.412.59.89.814.7201.39.813.213.8
YoY Gr.-199%1%-21.7%0.2%49.2%36.2%-93.3%639.1%34.7%-
BVPS (₹) 132.5143.2158.5175.5203.5211.2227.8230.3240.4253.4275.1
Adj Net
Profit
4.613.914.711.51217.924.41.61216.217
Cash Flow from Ops. -39.5-27.2-231.7-48.923-7.515.829.529-
Debt/CF from Ops. -3.8-7.1-9.6154.1-6.714.8-54.224.814.715.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.5%5.1%4.8%25.2%
Adj EPS 13.8%6.1%-12.8%34.7%
BVPS7.5%4.5%3.6%5.4%
Share Price 6.9% 11.7% 30% 152.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.298.15.34.96.88.70.645.25.2
Op. Profit
Mgn %
9.8897.48.110.110.58.48.910.610.7
Net Profit
Mgn %
1.43.33.32.52.32.94.20.42.32.42.7
Debt to
Equity
11.21.21.31.31.31.51.41.51.5-
Working Cap
Days
206208252278310307337504396346220
Cash Conv.
Cycle
14015420221721420725441231326172

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.20%

Sales growth has been subdued in last 3 years 4.79%

Net Profit has been subdued in last 3 years -12.82%

Debt to equity has increased versus last 3 years average to 1.48

Sales growth is not so good in last 4 quarters at -2.68%

Latest Financials - Bhartiya International Ltd.

Standalone Consolidated
TTM EPS (₹) 13.8 43.9
TTM Sales (₹ Cr.) 637 745
BVPS (₹.) 275.1 320
Reserves (₹ Cr.) 324 379
P/BV 1.61 1.38
PE 32.08 10.09
From the Market
52 Week Low / High (₹) 172.65 / 480.00
All Time Low / High (₹) 9.10 / 698.80
Market Cap (₹ Cr.) 540
Equity (₹ Cr.) 12.2
Face Value (₹) 10
Industry PE 36.2

Management X-Ray of Bhartiya Internatl.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bhartiya Internatl.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales319424445471518612577397531664
Operating Expenses 288390405436476553521364484594
Manufacturing Costs5984948710412712491106135
Material Costs189248244277295340317212304360
Employee Cost 18212833353841373847
Other Costs 22373939444840253652
Operating Profit 31344035425956334771
Operating Profit Margin (%) 9.8%7.9%9.0%7.3%8.1%9.6%9.8%8.3%8.9%10.6%
Other Income 2336544453
Interest 17111616203127272643
Depreciation 34456798810
Exceptional Items -1000000000
Profit Before Tax 1321231920252521722
Tax 5787793156
Profit After Tax 914151213162221216
PAT Margin (%) 2.7%3.3%3.3%2.7%2.5%2.7%3.7%0.4%2.3%2.4%
Adjusted EPS (₹)7.812.512.610.610.813.317.61.39.813.3
Dividend Payout Ratio (%)13%8%10%11%11%9%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 147161186206248258278281293309
Share Capital 11111212121212121212
Reserves 136149174194236245266269281297
Minority Interest0000000000
Debt147187215253319333397372409428
Long Term Debt3131343137302484132133
Short Term Debt116155181222282303372288277295
Trade Payables21293343837943518492
Others Liabilities 34426163455051525973
Total Liabilities 348419495565696720770756845902

Fixed Assets

Gross Block6974888092115132137157187
Accumulated Depreciation1315194101726334150
Net Fixed Assets566069768198106103116137
CWIP 46962033080
Investments 60626177776671666666
Inventories148178236265327385407403447505
Trade Receivables18525758967177788485
Cash Equivalents 18171330122148275028
Others Assets44464953817557797481
Total Assets 348419495565696720770756845902

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -39-27-232-4923-7163029
PBT 1421231920252521722
Adjustment 15101615193229292842
Changes in Working Capital -59-58-53-23-82-29-58-9-12-32
Tax Paid -4-6-9-9-6-5-3-6-3-2
Cash Flow From Investing Activity 6-5-14-24-202-8-9-45-22
Capex -6-8-13-19-26-6-7-2-27-21
Net Investments 3-11-935-4-10-21-3
Others 95-24332333
Cash Flow From Financing Activity 4230344052-1739-3818-11
Net Proceeds from Shares 02120000000
Net Proceeds from Borrowing 413-47-8-570536
Interest Paid -10-14-12-13-17-29-23-23-22-34
Dividend Paid -1-1-1-2-2-2-2000
Others 49423359642168-85-1317
Net Cash Flow 8-1-318-17823-313-4
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.049.168.536.375.796.438.030.564.165.37
ROCE (%)11.319.939.997.817.599.437.984.216.118.51
Asset Turnover Ratio1.011.110.980.890.820.870.780.520.660.76
PAT to CFO Conversion(x)-4.33-1.93-1.530.17-3.771.44-0.3282.51.81
Working Capital Days
Receivable Days26304444545047715646
Inventory Days136140169194208212250372292260
Payable Days33251832788769535472

Bhartiya International Ltd Stock News

Bhartiya International Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bhartiya Internatl. on 16-Apr-2024 16:01 is ₹445.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2024 16:01 the market cap of Bhartiya Internatl. stood at ₹540.3.
The latest P/E ratio of Bhartiya Internatl. as of 16-Apr-2024 16:01 is 32.08.
The latest P/B ratio of Bhartiya Internatl. as of 16-Apr-2024 16:01 is 1.61.
The 52-week high of Bhartiya Internatl. is ₹480.0 and the 52-week low is ₹172.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhartiya Internatl. is ₹636.6 ( Cr.) .

About Bhartiya International Ltd

Bhartiya International Limited was incorporated as a Private Limited Company under the name of ‘Bhartiya Galecha Industries Private Limited’on January 7, 1987. The name of the company was subsequently changed to ‘Bhartiya International Limited’ on July 9,1993. The Company was converted into a Public Limited Company vide its resolution passed in the Extra ordinary General Meeting held on  January 18,1994 and name changed to ‘Bhartiya International Limited’. A fresh certificate of incorporation was issued on May 10, 1994.

The company began its operations with the export of carpets and eventually diversified into the leather garments. It is recognised as an export house and is engaged in the export of high fashion leather garments.

One of the largest fashion houses in India, Bhartiya International Ltd. is the largest manufacturer-exporter of leather apparel for men, women and children. The company presently specializes in leather and outer wear.

BIL is working with the world’s top brands and continuously innovating to meet the global quality and performance standards in leather sector.

BIL the 100 per cent export-oriented company sells leather garments and accessories under the brand name Monks Italia.

Bhartiya International Ltd in 2008 has acquired a minority stake in Bhartiya Urban Infrastructure & Land Development Co Pvt Ltd, a real estate development firm.

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