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Bhandari Hosiery Exports Ltd. Stock Analysis

Small Cap
Evaluated by 279 users | BSE: 512608 | NSE: BHANDARI |
Textile
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 7.4%7.54%13.53%8.46%6.52%5.55%8.42%6.16%7.32%7.84%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 86.891.998.496.5111125199214248266
Y-o-Y Gr. Rt.-5.9%7.1%-2%15.5%12.1%59%7.6%16.3%7.2%
Adjusted EPS (Rs.) 0.110.120.310.20.140.160.280.280.340.37
Y-o-Y Gr. Rt.-9.1%158.3%-35.5%-30%14.3%75%0%21.4%8.8%
Book Value per Share (Rs.) 1.982.122.433.243.383.513.744.034.344.69
Adjusted Net Profit 1.11.23.12.922.344.24.95.4
Net Op. Cash Flow (Rs. Cr.) -2.83.6-6.61.5-8.1-3.3-7.4-5.92-3.3
Debt to Cash Flow from Ops -6.695.17-3.1715.95-3.6-14.02-7.48-12.3641.93-25.97
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Bhandari Hosiery Exports Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 13.3%19%10.3%7.2%
Adjusted EPS 14.4%21.5%9.7%8.8%
Book Value per Share 10.16.87.88.1
Share Price -8.9% -26.6% -32.6% -1.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 5.635.9213.6384.084.517.587.328.068.1
Operating Profit Margin (%) 5.445.49.38.577.226.487.666.087.027.42
Net Profit Margin (%) 1.281.333.172.981.781.822.031.951.992.01
Debt to Equity 0.920.860.850.490.590.911.011.241.291.26
Working Capital Days 134147157181177188141158158163
Cash Conversion Cycle 10198109129129138106122123130
Entity Percentage Holding
Promoters 24.95%
Institutions 0.27%
Non-Institutions 74.78%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Bhandari Hosiery Exports Ltd.'s performance infers:

Bhandari Hosiery Exports Ltd. earnings have grown by 21.5%, whereas share price has depreciated -26.6% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Bhandari Hosiery Exports Ltd. share prices over the last 10 years. Here is what we found out:

Bhandari Hosiery Exports Ltd. share price has depreciated -5.3% annually over the past ten years.

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,

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 authorities’ 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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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