Is Bhandari Hosiery Exports a good quality company?

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

Is Bhandari Hosiery Exports undervalued or overvalued?

The key valuation ratios of Bhandari Hosiery Exports Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Bhandari Hosiery Exports share price return in the past 10 years?

Bhandari Hosiery Exports Ltd share price has appreciated 7% annually (CAGR) over the past ten years.

Is Bhandari Hosiery Exports a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bhandari Hosiery Exports Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Bhandari Hosiery Exports?

The latest standalone P/E ratio of Bhandari Hosiery Exports as of 18-Apr-2024 is 20.41.

What is the P/B ratio of Bhandari Hosiery Exports?

The latest standalone P/B ratio of Bhandari Hosiery Exports as of 18-Apr-2024 is 1.41.

Bhandari Hosiery Exports Ltd - Stock Valuation and Financial Performance

Name: Bhandari Hosiery Exports
Brand: Bhandari Hosiery Exports

BSE: 512608 | NSE: BHANDARI | Textile | Small Cap

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Bhandari Hosiery Exp Share Price

₹8.12 0.06 0.74%
as on 18-Apr'24 16:01

10 Year X-Ray of Bhandari Hosiery Exp:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	6.5%	5.6%	8.4%	6.2%	7.3%	7.8%	7.5%	5.1%	7.4%	7.5%	-
Value Creation Index ⓘ	-0.5	-0.6	-0.4	-0.6	-0.5	-0.4	-0.5	-0.6	-0.5	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	111	125	199	214	248	266	277	226	283	283	288
Sales YoY Gr.	-	12.1%	59%	7.6%	16.3%	7.2%	4.2%	-18.6%	25.5%	-0%	-
Adj EPS ⓘ	0.1	0.2	0.3	0.3	0.3	0.4	0.4	0.1	0.4	0.4	0.4
YoY Gr.	-	15.4%	80%	0%	22.2%	6.1%	0%	-68.6%	281.8%	2.4%	-
BVPS (₹) ⓘ	3.3	3.4	3.6	3.9	4.2	4.5	4.9	5	5.4	5.7	5.7
Adj Net Profit ⓘ	2	2.3	4	4.2	4.9	5.4	5.3	1.7	6.4	6.5	7
Cash Flow from Ops. ⓘ	-8.1	-3.3	-7.4	-5.9	2	-3.3	-2.2	-0.2	4.1	12.1	-
Debt/CF from Ops. ⓘ	-3.6	-14	-7.5	-12.4	41.9	-26	-47	-547.7	25	7.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.9%	2.7%	0.7%	-0%
Adj EPS ⓘ	14.2%	5.4%	7.1%	2.4%
BVPSⓘ	6.5%	6.5%	5.6%	6.9%
Share Price	7%	34%	58.7%	85.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	4.1	4.5	7.6	7.3	8.1	8.1	7.5	2.3	8.1	7.7	7
Op. Profit Mgn % ⓘ	7.2	6.5	7.7	6.1	7	7.4	7.7	8	8	8.3	8.3
Net Profit Mgn % ⓘ	1.8	1.8	2	2	2	2	1.9	0.8	2.2	2.3	2.3
Debt to Equity ⓘ	0.6	0.9	1	1.2	1.3	1.3	1.4	1.4	1.3	1.1	-
Working Cap Days ⓘ	177	188	141	158	158	163	173	228	195	207	95
Cash Conv. Cycle ⓘ	129	138	106	122	123	130	140	188	161	171	38

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.00%

Sales growth has been subdued in last 3 years 0.69%

Net Profit has been subdued in last 3 years 7.10%

Debt to equity has increased versus last 3 years average to 1.08

Sales growth is not so good in last 4 quarters at 8.03%

Latest Financials - Bhandari Hosiery Exports Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.4	0
TTM Sales (₹ Cr.)	288	21
BVPS (₹.) ⓘ	5.7	0
Reserves (₹ Cr.) ⓘ	77	4
P/BV ⓘ	1.41	0.00
PE ⓘ	20.41	0.00

From the Market
52 Week Low / High (₹)	4.25 / 12.49
All Time Low / High (₹)	0.05 / 14.51
Market Cap (₹ Cr.)	132
Equity (₹ Cr.)	16.3
Face Value (₹)	1
Industry PE ⓘ	28.4

Management X-Ray of Bhandari Hosiery Exp:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Bhandari Hosiery Exp

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Bhandari Hosiery Exp

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	111	125	199	214	248	266	277	226	283	283
Operating Expenses ⓘ	103	117	183	201	231	247	256	208	261	260
Manufacturing Costs	11	10	17	15	17	20	24	20	29	29
Material Costs	83	100	159	178	205	216	218	176	216	212
Employee Cost	5	5	5	5	7	8	10	9	11	12
Other Costs ⓘ	4	2	2	3	3	3	4	3	5	7
Operating Profit ⓘ	8	8	15	13	17	20	21	18	22	23
Operating Profit Margin (%)	7.2%	6.4%	7.6%	6.0%	7.0%	7.4%	7.7%	8.0%	7.9%	8.2%
Other Income ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	4	4	7	5	7	9	10	11	10	10
Depreciation ⓘ	1	1	3	3	4	4	5	5	5	5
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	3	3	5	5	6	6	6	2	7	8
Tax ⓘ	1	1	1	1	1	1	1	0	1	1
Profit After Tax	2	2	4	4	5	5	5	2	6	7
PAT Margin (%)	1.8%	1.8%	2.0%	2.0%	2.0%	2.0%	1.9%	0.7%	2.2%	2.3%
Adjusted EPS (₹)	0.1	0.1	0.3	0.3	0.3	0.4	0.4	0.1	0.4	0.4
Dividend Payout Ratio (%)	0%	7%	4%	3%	3%	3%	3%	9%	2%	2%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	49	51	55	59	64	69	74	75	82	87
Share Capital ⓘ	15	15	15	15	15	15	15	15	15	15
Reserves ⓘ	35	37	40	44	49	54	59	61	67	72
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	29	47	55	69	82	87	105	108	103	94
Long Term Debt	3	17	17	26	27	27	34	39	36	26
Short Term Debt	27	30	39	44	55	60	71	70	68	68
Trade Payables	6	13	9	10	14	11	11	9	12	13
Others Liabilities ⓘ	4	4	5	11	12	13	15	15	21	23
Total Liabilities ⓘ	88	116	125	149	172	180	205	207	218	217
Fixed Assets
Gross Block	29	53	54	61	75	76	94	93	94	96
Accumulated Depreciation	9	10	13	15	19	24	28	34	39	44
Net Fixed Assetsⓘ	20	44	41	46	56	53	65	60	56	52
CWIP ⓘ	9	0	0	1	0	1	0	2	0	1
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	36	45	44	47	59	69	72	77	74	80
Trade Receivables	15	19	31	42	46	42	53	51	69	69
Cash Equivalents	1	0	1	1	2	2	1	2	2	3
Others Assetsⓘ	7	7	8	13	9	13	13	15	17	13
Total Assets ⓘ	88	116	125	149	172	180	205	207	218	217

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	-8	-3	-7	-6	2	-3	-2	0	4	12
PBT ⓘ	3	3	5	5	6	6	6	2	7	8
Adjustment ⓘ	5	5	10	8	12	13	15	16	16	15
Changes in Working Capital ⓘ	-11	-7	-14	-13	-7	-13	-12	-7	-7	2
Tax Paid ⓘ	-1	-1	-1	-1	0	-1	-1	0	-1	-2
Cash Flow From Investing Activity ⓘ	3	-15	0	-9	-14	-2	-17	-2	1	-3
Capex	3	-15	0	-8	-14	-2	-18	-2	1	-2
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	-1	0	0	1	0	0	0
Cash Flow From Financing Activityⓘ	6	17	8	14	13	5	18	3	-5	-9
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	7	4	-3	-9
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	6	17	8	14	13	5	11	-1	-2	0
Net Cash Flow ⓘ	1	-1	1	-1	1	0	-1	1	0	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	4.08	4.34	7.65	7.38	8.08	8.09	7.45	2.24	7.99	7.71
ROCE (%)	9.26	7.64	11.76	8.25	9.63	10.32	9.86	7.09	9.29	9.96
Asset Turnover Ratio	1.29	1.23	1.65	1.56	1.55	1.52	1.44	1.09	1.33	1.3
PAT to CFO Conversion(x)	-4	-1.5	-1.75	-1.5	0.4	-0.6	-0.4	0	0.67	1.71
Working Capital Days
Receivable Days	41	50	46	62	65	61	63	84	77	89
Inventory Days	115	118	82	77	78	88	93	120	97	99
Payable Days	35	34	25	20	22	21	19	20	17	21

Bhandari Hosiery Exports Ltd Stock News

Bhandari Hosiery Exports Ltd FAQs

What is the share price of Bhandari Hosiery Exp?

Company share prices are keep on changing according to the market conditions. The closing price of Bhandari Hosiery Exp on 18-Apr-2024 16:01 is ₹8.12.

What is the market cap of Bhandari Hosiery Exp?

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 18-Apr-2024 16:01 the market cap of Bhandari Hosiery Exp stood at ₹131.9.

What is the P/E ratio of Bhandari Hosiery Exp?

The latest P/E ratio of Bhandari Hosiery Exp as of 18-Apr-2024 16:01 is 20.41.

What is the P/B ratio of Bhandari Hosiery Exp?

The latest P/B ratio of Bhandari Hosiery Exp as of 18-Apr-2024 16:01 is 1.41.

What is the 52-week high and low of Bhandari Hosiery Exp?

The 52-week high of Bhandari Hosiery Exp is ₹12.49 and the 52-week low is ₹4.25.

What is the TTM revenue of Bhandari Hosiery Exp?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhandari Hosiery Exp is ₹288.3 ( Cr.) .

About Bhandari Hosiery Exports Ltd

Bhandari Hosiery Exports incorporated in 1993 by Naresh Bhandari and Kusum Bhandari. This garment manufacturing company operates vertical production facility that produces high fashion knitted garments.

It has presence across 17 countries which include markets like USA, Canada, UK and the European Union.

At present, the company is a government of India recognized export house with its registered office and unit located at Bhandari House, Village Meharban , Rahon Road, Ludhiana.

Bhandari Hosiery Exports is among the first few players in the knitted readymade garments industry to achieve WRAP Certification from Worldwide Responsible Apparel Production, USA, a voluntary non profit organisation which certifies health, safety, welfare measures and compliance with government and other regulatory authoritiesâ€™ laws.

Product range of the company:

The company is engaged primarily in manufacturing and exporting of knitted hosiery garments such as t-shirts, pullovers, sweat shirts, bermudas, polo shirts, track suits, pyjamas, lowers, ladies knitted tops with embroidery, prints etc.

Clientele:

Company caters to esteemed clients such as Tom Tailor, Marlboro Classics, Atkins, Quick Silver, S.Oliver, Givenchy, Watson, May Department Stores, Karstadt Quelle, Charles Vogele, Hajo Strick, Matalan Retail, Kitaro.