MoneyWorks4Me

Bhandari Hosiery Exports Ltd (BHANDARI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512608 NSE: BHANDARI Textile | Small Cap | Bhandari Hosiery Exp Share Price

₹2.76 -0.07 (-2.47%)

As on 05-Oct'26 16:59

Bhandari Hosiery Exports Ltd (BHANDARI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512608 NSE: BHANDARI Textile | Small Cap | Bhandari Hosiery Exp Share Price

₹2.76 -0.07 (-2.47%)

As on 05-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹94 Cr.
Current Price
₹2.8
52-Week Low / High
₹2 / 6
TTM EPS
₹0.2
TTM Sales
₹268 Cr.
Book Value per Share
₹5.6
P/E Ratio
12.65
Lower than its 5-year historical median
Industry PE
35.2
Price to Book (P/B)
0.51
Lower than its 5-year historical median
Price to Sales (P/S)
0.35
Lower than its 5-year historical median
EV/EBITDA
6.41
Lower than its 5-year historical median
Dividend Yield
0.36%
Profitability Efficiency
Return on Equity (ROE)
4.62%
In line with industry median
Return on Capital Employed (ROCE)
7.88%
In line with industry median
Return on Assets (ROA)
2.62%
Operating Profit Margin
9.9%
Net Profit Margin
2.77%
Gross Profit Margin
6.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
0.64%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-1.78%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.78%
Asset Quality
Promoter Holding
41.83%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹151 Cr.
Equity
₹33.3 Cr.
Face Value
₹1
All Time Low / High
₹0.04 / 13.20

Bhandari Hosiery Exports stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Bhandari Hosiery Exports Ltd a good quality company?
Bhandari Hosiery Exports Ltd is a quality company, based on a 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 Bhandari Hosiery Exports Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Bhandari Hosiery Exports Ltd vs industry peers?
Bhandari Hosiery Exports Ltd revenue CAGR is 4.42%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Bhandari Hosiery Exports Ltd?
Promoters hold 41.83% of the Bhandari Hosiery Exports Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Bhandari Hosiery Exports Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.3% 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 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 ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ8.3%9.6%10.3%9.9%7.1%9.3%9.7%9.8%9.2%7.9%-
Value Creation
Index ⓘ
-0.4-0.3-0.3-0.3-0.5-0.3-0.3-0.3-0.3-0.4-

Growth Parameters ⓘ

Sales ⓘ214248266277226283283267279280268
Sales YoY Gr.-16.3%7.2%4.2%-18.6%25.5%-0%-5.8%4.4%0.6%-
Adj EPS ⓘ0.30.30.30.30.10.40.40.40.30.20.2
YoY Gr.-20%6.7%0%-68.8%280%2.6%-10.3%-20%-17.9%-
BVPS (₹) ⓘ3.53.84.14.44.54.95.25.56.45.55.6
Adj Net
Profit ⓘ
4.24.95.45.31.76.46.56.47.67.77
Cash Flow from Ops. ⓘ-5.92-3.3-2.2-0.24.112.216-25.4-7.4-
Debt/CF from Ops. ⓘ-12.441.9-26-47-547.7258.57.3-3.8-13.7-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ3.1%4.4%-0.3%0.6%
Adj EPS ⓘ-0.9%18.1%-16.1%-17.9%
BVPSⓘ5%4%1.8%-13.6%
Share Price 3.5% 2.3% -17.1% -34.8%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
7.38.18.17.52.38.17.76.864.64
Op. Profit
Mgn % ⓘ
6.177.47.7888.39.410.19.910.1
Net Profit
Mgn % ⓘ
2221.90.82.22.32.42.72.72.7
Debt to
Equity ⓘ
1.21.31.31.41.41.31.21.20.60.6-
Working Cap
Days ⓘ
158158163173228195208228244281130
Cash Conv.
Cycle ⓘ
12212313014018816117117818721371

Valuation of Bhandari Hosiery Exp - 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!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales213.64248.35266.26277.43225.79283.28283.23266.73278.55280.34
Operating Expenses ⓘ + 200.74230.91246.52256.03207.81260.85259.88241.68250.40252.68
Manufacturing Costs14.8916.6819.8823.9319.6028.7829.1127.5833.3336.44
Material Costs177.77204.62215.78218.34176.13216.07212.42199.31198.63197.65
Employee Cost 4.876.567.619.888.7410.5911.769.8512.2912.14
Other Costs ⓘ 3.213.053.253.883.345.406.584.936.156.45
Operating Profit ⓘ 12.9017.4419.7421.4017.9922.4323.3525.0628.1527.65
Operating Profit Margin (%) 6.0%7.0%7.4%7.7%8.0%7.9%8.2%9.4%10.1%9.9%
Other Income ⓘ + 0.170.080.130.100.270.150.090.320.270.38
Exceptional Items ⓘ 0000000000
Interest ⓘ 4.717.479.2110.2310.7410.2710.3411.1911.3610.64
Depreciation ⓘ 3.074.144.355.015.405.465.215.456.876.95
Profit Before Tax ⓘ 5.295.916.326.262.126.857.898.7410.1910.44
Tax ⓘ 1.080.950.960.950.450.581.382.202.482.67
Profit After Tax 4.204.965.365.311.676.276.516.537.717.77
PAT Margin (%) 2.0%2.0%2.0%1.9%0.7%2.2%2.3%2.5%2.8%2.8%
Adjusted EPS (₹)0.30.30.30.30.10.40.40.40.30.2
Dividend Payout Ratio (%)3.50%3%2.70%2.80%8.80%2.30%2.30%2.50%6.20%4.30%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 59.0663.5968.7773.9175.4381.5587.1299.59153.15183.34
Share Capital ⓘ 14.6514.6514.6514.6514.6514.6514.6516.3424.0133.30
Reserves ⓘ 44.4148.9454.1259.2660.7866.9072.4783.24129.14150.05
Debt +69.1481.9286.66104.95108.29103.21104.32116.7290.7194.78
Long Term Debt25.5127.2927.1234.3038.7535.6526.3938.3520.7117.78
Short Term Debt43.6354.6359.5470.6569.5467.5677.9378.377077.01
Minority Interest0000000000
Trade Payables10.2214.2311.13118.5811.9712.7217.9610.1417.17
Others Liabilities ⓘ 10.7611.9613.1815.2814.9921.1013.0916.4321.5722.39
Total Liabilities ⓘ 149.18171.70179.75205.13207.29217.83217.26250.69275.57317.69

Fixed Assets

Net Fixed Assets ⓘ +45.5956.2052.6565.2659.7855.5251.9778.8973.8868.65
Gross Block60.7375.4876.1593.6393.3394.3295.58127.95129.80131.52
Accumulated Depreciation15.1419.2823.5028.3733.5538.8043.6149.0655.9262.87
CWIP ⓘ 0.980.050.950.052.2601.13000
Investments ⓘ 0000000000
Inventories46.7558.8968.9272.2276.5874.1079.6685.6782.7994.44
Trade Receivables41.8346.1442.3753.3251.1869.0168.5659.4588.7691.38
Cash Equivalents 0.701.691.530.962.252.501.500.640.4319.15
Others Assets ⓘ 13.328.7313.3313.3115.2416.6914.4426.0529.7044.07
Total Assets ⓘ 149.18171.70179.75205.13207.29217.83217.26250.69275.57317.69
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -5.921.95-3.34-2.23-0.204.1212.2215.96-25.42-7.38
PBT ⓘ 5.295.916.326.262.126.857.898.7410.1910.44
Adjustment ⓘ 7.6111.5313.4315.1415.8615.5915.4616.3217.9617.22
Changes in Working Capital ⓘ -13.23-7.21-12.9-12.48-6.93-7.351.78-0.52-39.02-20.75
Tax Paid ⓘ -0.90-0.38-0.80-0.75-0.37-0.54-1.63-1.62-2.55-2.77
Cash Flow From Investing Activity ⓘ + -8.68-13.74-1.57-16.63-1.851.21-2.70-29.23-1.59-1.34
Capex -8.06-13.82-1.95-17.67-1.911.27-2.39-31.24-1.86-1.72
Net Investments 0000000000
Others ⓘ -0.620.080.381.040.06-0.06-0.312.010.270.38
Cash Flow From Financing Activity ⓘ + 13.8712.784.7418.293.34-5.08-9.5912.4026.8027.44
Net Proceeds from Shares ⓘ 0000000046.9623.78
Net Proceeds from Borrowing ⓘ 00-0.177.184.45-3.10-9.5912.40-17.65-2.93
Interest Paid ⓘ 0000000000
Dividend Paid ⓘ 00000000-0.48-0.48
Others ⓘ 13.8712.784.9111.11-1.11-1.9800-2.037.06
Net Cash Flow ⓘ -0.731-0.16-0.571.290.25-0.07-0.86-0.2118.72
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)7.388.088.097.452.247.997.7176.14.62
ROCE (%)8.259.6310.329.867.099.299.699.789.247.88
Asset Turnover Ratio1.561.551.521.441.091.331.31.141.060.95
PAT to CFO Conversion(x)-1.410.39-0.62-0.42-0.120.661.882.44-3.3-0.95
Working Capital Days
Receivable Days61.9064.7060.706384.5077.4088.7087.6097.10117.30
Inventory Days77.4077.6087.6092.90120.3097.1099.10113.10110.40115.40
Payable Days2021.8021.5018.5020.3017.4021.2028.1025.8025.20

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Bhandari Hosiery Exports Ltd FAQs

The current trading price of Bhandari Hosiery Exp on 05-Oct-2026 16:59 is ₹2.76.

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 04-Oct-2026 the market cap of Bhandari Hosiery Exp stood at ₹94.23 Cr

The latest P/E ratio of Bhandari Hosiery Exp as of 04-Oct-2026 is 12.65.

The latest P/B ratio of Bhandari Hosiery Exp as of 04-Oct-2026 is 0.51.

The 52-week high of Bhandari Hosiery Exp is ₹5.54 and the 52-week low is ₹2.02.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhandari Hosiery Exp is ₹268 ( Cr.) .

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

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.

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.

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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