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Bhartiya International Ltd (BIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526666 NSE: BIL Leather | Small Cap | Bhartiya Internatl. Share Price

₹724.15 24.85 (3.55%)

As on 04-Jun'26 16:59

Bhartiya International Ltd (BIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526666 NSE: BIL Leather | Small Cap | Bhartiya Internatl. Share Price

₹724.15 24.85 (3.55%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹971 Cr.
Current Price
₹724.2
52-Week Low / High
₹615 / 988
TTM EPS
₹25.1
TTM Sales
₹1,131 Cr.
Book Value per Share
₹330.5
P/E Ratio
28.81
Higher than its 5-year historical median
Industry PE
17.6
Price to Book (P/B)
2.19
Higher than its 5-year historical median
Price to Sales (P/S)
0.86
Higher than its 5-year historical median
EV/EBITDA
13.01
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
5.81%
Outperforms industry median
Return on Capital Employed (ROCE)
10.03%
Outperforms industry median
Return on Assets (ROA)
2.04%
Operating Profit Margin
10.6%
Net Profit Margin
2.47%
Gross Profit Margin
4.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
29.6%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
12.38%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
20.24%
Asset Quality
Promoter Holding
61.17%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹430 Cr.
Equity
₹13.4 Cr.
Face Value
₹10
All Time Low / High
₹9.10 / 988.40

Bhartiya International stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Bhartiya International Ltd a good quality company?
Bhartiya International Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Bhartiya International Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Bhartiya International Ltd vs industry peers?
Bhartiya International Ltd revenue CAGR is 8.21%, compared to the industry median CAGR of 2.61%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Bhartiya International Ltd?
Promoters hold 61.17% of the Bhartiya International Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Bhartiya International Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.7% based on the current price.
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10 Year X-Ray : Login to view analysis.

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 ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ10%7.8%7.6%9.4%8%4.2%6.1%8.5%9.1%10%-
Value Creation
Index ⓘ		-0.3-0.4-0.5-0.3-0.4-0.7-0.6-0.4-0.4-0.3-

Growth Parameters ⓘ
Sales ⓘ4454715186125773975316646618571,131
Sales YoY Gr.-5.7%10.1%18.1%-5.7%-31.3%33.8%25.2%-0.5%29.6%-
Adj EPS ⓘ12.59.89.814.7201.39.813.214.416.425.1
YoY Gr.--21.7%0.2%49.2%36.2%-93.3%639.1%34.7%8.8%13.6%-
BVPS (₹) ⓘ158.5175.5203.5211.2227.8230.3240.4253.4276.1301.4330.5
Adj Net
Profit ⓘ		14.711.51217.924.41.61216.217.621.234
Cash Flow from Ops. ⓘ-231.7-48.923-7.515.829.52935.741.4-
Debt/CF from Ops. ⓘ-9.6154.1-6.714.8-54.224.814.715.813.611.1-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ7.5%8.2%17.3%29.6%
Adj EPS ⓘ3%-3.9%18.5%13.6%
BVPSⓘ7.4%5.8%7.8%9.2%
Share Price 3.5% 27.6% 50.7% -0.1%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		8.15.34.96.88.70.645.25.45.88
Op. Profit
Mgn % ⓘ		97.48.110.110.58.48.910.612.210.69.4
Net Profit
Mgn % ⓘ		3.32.52.32.94.20.42.32.42.72.53
Debt to
Equity ⓘ		1.21.31.31.31.51.41.51.51.41.20.2
Working Cap
Days ⓘ		252278310307337504396346388332160
Cash Conv.
Cycle ⓘ		20221721420725441231326129224150

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales445471518612577397531664661857
Operating Expenses ⓘ + 405436476553521364484594580766
Manufacturing Costs948710412712491106135137161
Material Costs244277295340317212304360342485
Employee Cost 28333538413738474856
Other Costs ⓘ 39394448402536525464
Operating Profit ⓘ 40354259563347718191
Operating Profit Margin (%) 9.0%7.3%8.1%9.6%9.8%8.3%8.9%10.6%12.2%10.6%
Other Income ⓘ + 3654445334
Exceptional Items ⓘ 0000000000
Interest ⓘ 16162031272726434954
Depreciation ⓘ 4567988101011
Profit Before Tax ⓘ 2319202525217222430
Tax ⓘ 8779315669
Profit After Tax 1512131622212161821
PAT Margin (%) 3.3%2.7%2.5%2.7%3.7%0.4%2.3%2.4%2.7%2.5%
Adjusted EPS (₹)12.610.610.813.317.61.39.813.314.416.3
Dividend Payout Ratio (%)9.50%11.30%11.10%9%0%0%0%0%0%0%

Valuation of Bhartiya Internatl. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 186206248258278281293309337391
Share Capital ⓘ 12121212121212121213
Reserves ⓘ 174194236245266269281297325378
Debt +215253319333397372409428437408
Long Term Debt3431373024841321338865
Short Term Debt181222282303372288277295349343
Minority Interest0000000000
Trade Payables3343837943518492140185
Others Liabilities ⓘ 61634550515259738297
Total Liabilities ⓘ 4955656967207707568459029961,082

Fixed Assets

Net Fixed Assets ⓘ +69768198106103116137132126
Gross Block888092115132137157187192193
Accumulated Depreciation1941017263341506067
CWIP ⓘ 96203308012
Investments ⓘ 61717266666666666666
Inventories236265327385407403447505558605
Trade Receivables5758967177788485103138
Cash Equivalents 13301221482750285067
Others Assets ⓘ 49598775627974818677
Total Assets ⓘ 4955656967207707568459029961,082

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -232-4923-71630293641
PBT ⓘ 2319202525217222430
Adjustment ⓘ 16151932292928424752
Changes in Working Capital ⓘ -53-23-82-29-58-9-12-32-28-35
Tax Paid ⓘ -9-9-6-5-3-6-3-2-7-5
Cash Flow From Investing Activity ⓘ + -14-24-202-8-9-45-22-21-13
Capex -13-19-26-6-7-2-27-21-7-6
Net Investments 1-935-4-10-21-3-16-9
Others ⓘ -2433233323
Cash Flow From Financing Activity ⓘ + 344052-1739-3818-11-13-32
Net Proceeds from Shares ⓘ 120000000033
Net Proceeds from Borrowing ⓘ 3-47-8-570536-27-19
Interest Paid ⓘ -12-13-17-29-23-23-22-34-39-43
Dividend Paid ⓘ -1-2-2-2-200000
Others ⓘ 3359642168-85-131752-3
Net Cash Flow ⓘ -318-17823-313-41-3

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.536.375.796.438.030.564.165.375.445.81
ROCE (%)9.997.817.599.437.984.216.118.519.1210.03
Asset Turnover Ratio0.980.890.820.870.780.520.660.760.70.82
PAT to CFO Conversion(x)-1.530.17-3.771.44-0.3282.51.8121.95
Working Capital Days
Receivable Days44.4044.4054.1049.8046.9071.3055.5046.1051.8051.40
Inventory Days168.60193.60208.40212249.90372.40291.90260.40293.20247.50
Payable Days17.6032.4078.3086.8068.8052.9054.4071.6089.5087.30

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Bhartiya International Ltd FAQs

The current trading price of Bhartiya Internatl. on 04-Jun-2026 16:59 is ₹724.1.

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 03-Jun-2026 the market cap of Bhartiya Internatl. stood at ₹971.1 Cr

The latest P/E ratio of Bhartiya Internatl. as of 03-Jun-2026 is 28.81.

The latest P/B ratio of Bhartiya Internatl. as of 03-Jun-2026 is 2.19.

The 52-week high of Bhartiya Internatl. is ₹988.4 and the 52-week low is ₹615.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhartiya Internatl. is ₹1,131 ( Cr.) .

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

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

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

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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