Bhandari Hosiery Exports Ltd - Stock Valuation and Financial Performance

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

Bhandari Hosiery Exp Share Price

8.55 -0.22 -2.51%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Bhandari Hosiery Exp

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Bhandari Hosiery Exports stock performance -

mw4me loader
P/E Ratio (SA):
21.62
Market Cap:
139.7 Cr.
52-wk low:
4.3
52-wk high:
12.5

Is Bhandari Hosiery Exports Ltd an attractive stock to invest in?

1. Is Bhandari Hosiery Exports Ltd 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.

2. Is Bhandari Hosiery Exports Ltd 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.

3. Is Bhandari Hosiery Exports Ltd a good buy now?

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

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
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.
Bhandari Hosiery Exports 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 % 6.5%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 111125199214248266277226283283288
Sales YoY Gr.-12.1%59%7.6%16.3%7.2%4.2%-18.6%25.5%-0%-
Adj EPS 0.10.20.30.30.30.40.40.10.40.40.4
YoY Gr.-15.4%80%0%22.2%6.1%0%-68.6%281.8%2.4%-
BVPS (₹) 3.33.43.63.94.24.54.955.45.75.7
Adj Net
Profit
22.344.24.95.45.31.76.46.57
Cash Flow from Ops. -8.1-3.3-7.4-5.92-3.3-2.2-0.24.112.1-
Debt/CF from Ops. -3.6-14-7.5-12.441.9-26-47-547.7257.8-

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%
BVPS6.5%6.5%5.6%6.9%
Share Price 7.7% 35.4% 59.9% 86.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.14.57.67.38.18.17.52.38.17.77
Op. Profit
Mgn %
7.26.57.76.177.47.7888.38.3
Net Profit
Mgn %
1.81.822221.90.82.22.32.3
Debt to
Equity
0.60.911.21.31.31.41.41.31.1-
Working Cap
Days
17718814115815816317322819520795
Cash Conv.
Cycle
12913810612212313014018816117138

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 1.49 0.00
PE 21.62 0.00
From the Market
52 Week Low / High (₹) 4.25 / 12.49
All Time Low / High (₹) 0.05 / 14.51
Market Cap (₹ Cr.) 140
Equity (₹ Cr.) 16.3
Face Value (₹) 1
Industry PE 29

Management X-Ray of Bhandari Hosiery Exp:

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 Bhandari Hosiery Exp

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
Sales111125199214248266277226283283
Operating Expenses 103117183201231247256208261260
Manufacturing Costs11101715172024202929
Material Costs83100159178205216218176216212
Employee Cost 5555781091112
Other Costs 4223334357
Operating Profit 881513172021182223
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 0000000000
Interest 44757910111010
Depreciation 1133445555
Exceptional Items 0000000000
Profit Before Tax 3355666278
Tax 1111111011
Profit After Tax 2244555267
PAT Margin (%) 1.8%1.8%2.0%2.0%2.0%2.0%1.9%0.7%2.2%2.3%
Adjusted EPS (₹)0.10.10.30.30.30.40.40.10.40.4
Dividend Payout Ratio (%)0%7%4%3%3%3%3%9%2%2%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 49515559646974758287
Share Capital 15151515151515151515
Reserves 35374044495459616772
Minority Interest0000000000
Debt29475569828710510810394
Long Term Debt3171726272734393626
Short Term Debt27303944556071706868
Trade Payables61391014111191213
Others Liabilities 44511121315152123
Total Liabilities 88116125149172180205207218217

Fixed Assets

Gross Block29535461757694939496
Accumulated Depreciation9101315192428343944
Net Fixed Assets20444146565365605652
CWIP 9001010201
Investments 0000000000
Inventories36454447596972777480
Trade Receivables15193142464253516969
Cash Equivalents 1011221223
Others Assets7781391313151713
Total Assets 88116125149172180205207218217

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -8-3-7-62-3-20412
PBT 3355666278
Adjustment 55108121315161615
Changes in Working Capital -11-7-14-13-7-13-12-7-72
Tax Paid -1-1-1-10-1-10-1-2
Cash Flow From Investing Activity 3-150-9-14-2-17-21-3
Capex 3-150-8-14-2-18-21-2
Net Investments 0000000000
Others 000-1001000
Cash Flow From Financing Activity 617814135183-5-9
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000074-3-9
Interest Paid 0000000000
Dividend Paid 0000000000
Others 61781413511-1-20
Net Cash Flow 1-11-110-1100
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.084.347.657.388.088.097.452.247.997.71
ROCE (%)9.267.6411.768.259.6310.329.867.099.299.96
Asset Turnover Ratio1.291.231.651.561.551.521.441.091.331.3
PAT to CFO Conversion(x)-4-1.5-1.75-1.50.4-0.6-0.400.671.71
Working Capital Days
Receivable Days41504662656163847789
Inventory Days11511882777888931209799
Payable Days35342520222119201721

Bhandari Hosiery Exports Ltd Stock News

Bhandari Hosiery Exports Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bhandari Hosiery Exp on 12-Apr-2024 16:59 is ₹8.55.
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 12-Apr-2024 16:59 the market cap of Bhandari Hosiery Exp stood at ₹139.7.
The latest P/E ratio of Bhandari Hosiery Exp as of 12-Apr-2024 16:59 is 21.62.
The latest P/B ratio of Bhandari Hosiery Exp as of 12-Apr-2024 16:59 is 1.49.
The 52-week high of Bhandari Hosiery Exp is ₹12.49 and the 52-week low is ₹4.25.
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 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.

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