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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
₹1,044.25 18.90 (1.84%)
As on 18-Sep'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
₹1,044.25 18.90 (1.84%)
As on 18-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,400 Cr.
Current Price
₹1,044.3
52-Week Low / High
₹615 / 1,149
TTM EPS
₹19.1
TTM Sales
₹1,451 Cr.
Book Value per Share
₹375.7
P/E Ratio
54.67
Higher than its 5-year historical median
Industry PE
17.9
Price to Book (P/B)
2.78
Higher than its 5-year historical median
Price to Sales (P/S)
0.97
Higher than its 5-year historical median
EV/EBITDA
13.81
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
3.76%
Outperforms industry median
Return on Capital Employed (ROCE)
8.90%
Outperforms industry median
Return on Assets (ROA)
1.38%
Operating Profit Margin
9.8%
Net Profit Margin
1.52%
Gross Profit Margin
4.8%
Growth Momentum
1-yr vs 3-yr growth
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
12.95%
Net Profit Growth (1 Year)
-
7715%
Asset Quality
Promoter Holding
61.17%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹490 Cr.
Equity
₹13.4 Cr.
Face Value
₹10
All Time Low / High
₹9.10 / 1149.00
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Strong
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.
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.
How does Bhartiya International Ltd performance compare with that of its Peers?
Revenue growth of Bhartiya International Ltd vs industry peers?
Bhartiya International Ltd revenue CAGR is 7.27%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
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.
Stock return of Bhartiya International Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.1% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 ⓘ | 445 | 471 | 518 | 612 | 577 | 397 | 531 | 664 | 661 | 857 | 1,192 |
| Sales YoY Gr. | - | 5.7% | 10.1% | 18.1% | -5.7% | -31.3% | 33.8% | 25.2% | -0.5% | 29.6% | - |
| Adj EPS ⓘ | 12.5 | 9.8 | 9.8 | 14.7 | 20 | 1.3 | 9.8 | 13.2 | 14.4 | 16.4 | 29 |
| YoY Gr. | - | -21.7% | 0.2% | 49.2% | 36.2% | -93.3% | 639.1% | 34.7% | 8.8% | 13.6% | - |
| BVPS (₹) ⓘ | 158.5 | 175.5 | 203.5 | 211.2 | 227.8 | 230.3 | 240.4 | 253.4 | 276.1 | 301.4 | 341.9 |
| Adj Net Profit ⓘ | 14.7 | 11.5 | 12 | 17.9 | 24.4 | 1.6 | 12 | 16.2 | 17.6 | 21.2 | 39 |
| Cash Flow from Ops. ⓘ | -23 | 1.7 | -48.9 | 23 | -7.5 | 15.8 | 29.5 | 29 | 35.7 | 41.4 | - |
| Debt/CF from Ops. ⓘ | -9.6 | 154.1 | -6.7 | 14.8 | -54.2 | 24.8 | 14.7 | 15.8 | 13.6 | 11.1 | - |
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 | 6.1% | 37.8% | 70.2% | 20.3% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.1 | 5.3 | 4.9 | 6.8 | 8.7 | 0.6 | 4 | 5.2 | 5.4 | 5.8 | 9 |
| Op. Profit Mgn % ⓘ | 9 | 7.4 | 8.1 | 10.1 | 10.5 | 8.4 | 8.9 | 10.6 | 12.2 | 10.6 | 9.6 |
| Net Profit Mgn % ⓘ | 3.3 | 2.5 | 2.3 | 2.9 | 4.2 | 0.4 | 2.3 | 2.4 | 2.7 | 2.5 | 3.3 |
| Debt to Equity ⓘ | 1.2 | 1.3 | 1.3 | 1.3 | 1.5 | 1.4 | 1.5 | 1.5 | 1.4 | 1.2 | - |
| Working Cap Days ⓘ | 252 | 278 | 310 | 307 | 337 | 504 | 396 | 346 | 388 | 332 | 160 |
| Cash Conv. Cycle ⓘ | 202 | 217 | 214 | 207 | 254 | 412 | 313 | 261 | 292 | 241 | 50 |
Valuation of Bhartiya Internatl. - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 622 | 640 | 710 | 750 | 725 | 548 | 694 | 799 | 778 | 1,029 |
| Operating Expenses ⓘ + | 569 | 596 | 660 | 690 | 661 | 512 | 652 | 712 | 688 | 928 |
| Operating Profit ⓘ | 53 | 44 | 50 | 60 | 64 | 37 | 41 | 87 | 90 | 101 |
| Operating Profit Margin (%) | 8.6% | 7.0% | 7.1% | 8.0% | 8.8% | 6.7% | 5.9% | 10.9% | 11.5% | 9.8% |
| Other Income ⓘ + | 4 | 6 | 7 | 12 | 4 | 5 | 32 | 3 | 7 | 4 |
| Interest ⓘ | 19 | 18 | 23 | 35 | 29 | 28 | 29 | 45 | 52 | 56 |
| Depreciation ⓘ | 6 | 6 | 7 | 8 | 10 | 10 | 24 | 25 | 26 | 26 |
| Profit Before Tax ⓘ | 32 | 26 | 26 | 29 | 26 | -6 | -11 | 69 | 7 | 25 |
| Tax ⓘ | 9 | 8 | 8 | 10 | 4 | 0 | 5 | 6 | 7 | 9 |
| Profit After Tax | 23 | 18 | 17 | 20 | 21 | -6 | -17 | 63 | 0 | 16 |
| PAT Margin (%) | 3.7% | 2.8% | 2.5% | 2.6% | 2.9% | -1.1% | -2.4% | 7.8% | 0.0% | 1.5% |
| Adjusted EPS (₹) | 21.1 | 15.4 | 14.3 | 16.2 | 17.4 | -5.0 | -13.5 | 51.3 | 0.2 | 12.1 |
| Dividend Payout Ratio (%) | 5.70% | 7.80% | 8.40% | 7.40% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 210 | 234 | 367 | 382 | 334 | 329 | 312 | 376 | 389 | 443 | |
| Debt + | 217 | 260 | 340 | 375 | 432 | 411 | 442 | 457 | 452 | 410 | |
| Minority Interest | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Trade Payables | 63 | 57 | 150 | 102 | 77 | 102 | 118 | 91 | 156 | 202 | |
| Others Liabilities ⓘ | 53 | 66 | 52 | 57 | 60 | 59 | 71 | 86 | 99 | 116 | |
| Total Liabilities ⓘ | 544 | 619 | 910 | 917 | 904 | 903 | 943 | 1,012 | 1,097 | 1,172 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 75 | 81 | 91 | 108 | 120 | 182 | 189 | 194 | 174 | 154 | |
| CWIP ⓘ | 9 | 8 | 25 | 10 | 11 | 8 | 8 | 0 | 1 | 3 | |
| Investments ⓘ | 38 | 43 | 127 | 123 | 47 | 38 | 6 | 54 | 43 | 44 | |
| Inventories | 253 | 280 | 343 | 401 | 427 | 421 | 464 | 521 | 575 | 621 | |
| Trade Receivables | 90 | 91 | 191 | 123 | 126 | 140 | 130 | 130 | 144 | 188 | |
| Cash Equivalents | 33 | 54 | 34 | 45 | 61 | 39 | 76 | 33 | 72 | 77 | |
| Others Assets ⓘ | 45 | 60 | 99 | 106 | 113 | 74 | 70 | 80 | 88 | 86 | |
| Total Assets ⓘ | 544 | 619 | 910 | 917 | 904 | 903 | 943 | 1,012 | 1,097 | 1,172 | |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -12 | -2 | -56 | 8 | -7 | 26 | 46 | 12 | 66 | 44 |
| Cash Flow From Investing Activity ⓘ + | -14 | -21 | -28 | -1 | -12 | -24 | -46 | -22 | -21 | -14 |
| Cash Flow From Financing Activity ⓘ + | 23 | 45 | 65 | 3 | 31 | -35 | 16 | -14 | -26 | -45 |
| Net Cash Flow ⓘ | -2 | 22 | -20 | 10 | 12 | -32 | 16 | -25 | 18 | -15 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 11.84 | 8.11 | 5.8 | 5.28 | 5.94 | -1.87 | -5.17 | 18.19 | 0.05 | 3.76 |
| ROCE (%) | 12.37 | 9.11 | 7.82 | 8.62 | 6.97 | 2.87 | 2.3 | 13.55 | 6.67 | 8.9 |
| Asset Turnover Ratio | 1.22 | 1.1 | 0.93 | 0.82 | 0.8 | 0.61 | 0.75 | 0.82 | 0.74 | 0.91 |
| PAT to CFO Conversion(x) | -0.52 | -0.11 | -3.29 | 0.4 | -0.33 | N/A | N/A | 0.19 | N/A | 2.75 |
| Working Capital Days | ||||||||||
| Receivable Days | 53.20 | 51.50 | 72.50 | 76.40 | 62.80 | 88.70 | 71 | 59.10 | 64.20 | 58.80 |
| Inventory Days | 131.10 | 151.70 | 160.20 | 181.20 | 208.50 | 282.20 | 232.70 | 224.40 | 257 | 211.80 |
| Payable Days | 37.90 | 41.80 | 84.50 | 102.60 | 76.30 | 80.70 | 75.80 | 70.70 | 78.60 | 79.10 |
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Bhartiya International Ltd FAQs
The current trading price of Bhartiya Internatl. on 18-Sep-2026 16:59 is ₹1,044.3.
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 17-Sep-2026 the market cap of Bhartiya Internatl. stood at ₹1,400.4 Cr
The latest P/E ratio of Bhartiya Internatl. as of 17-Sep-2026 is 36.02.
The latest P/B ratio of Bhartiya Internatl. as of 17-Sep-2026 is 3.05.
The 52-week high of Bhartiya Internatl. is ₹1,149 and the 52-week low is ₹615.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhartiya Internatl. is ₹1,192 ( 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 Fair zone.
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
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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