Bhandari Hosiery Exports Ltd - Stock Valuation and Financial Performance

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

Bhandari Hosiery Exp Share Price

6.62 -0.08 -1.19%
as on 04-Nov'24 15:31

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):
24.96
Market Cap:
162.8 Cr.
52-wk low:
5.3
52-wk high:
11.4

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 7.6%11.8%8.3%9.6%10.3%9.9%7.1%9.3%9.7%9.8%-
Value Creation
Index
-0.5-0.2-0.4-0.3-0.3-0.3-0.5-0.3-0.3-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 125199214248266277226283283267271
Sales YoY Gr.-59%7.6%16.3%7.2%4.2%-18.6%25.5%-0%-5.8%-
Adj EPS 0.10.20.30.30.30.30.10.40.40.40.3
YoY Gr.-71.4%4.2%20%6.7%0%-68.8%280%2.6%-10.3%-
BVPS (₹) 3.13.33.53.84.14.44.54.95.25.56.2
Adj Net
Profit
2.344.24.95.45.31.76.46.56.46
Cash Flow from Ops. -3.3-7.4-5.92-3.3-2.2-0.24.112.216-
Debt/CF from Ops. -14-7.5-12.441.9-26-47-547.7258.57.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.8%0%5.7%-5.8%
Adj EPS 10.7%1.8%51.8%-10.3%
BVPS6.7%6.1%7%6.1%
Share Price 6.3% 44.5% 27.8% 18%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4.57.67.38.18.17.52.38.17.76.84.6
Op. Profit
Mgn %
6.57.76.177.47.7888.39.410
Net Profit
Mgn %
1.822221.90.82.22.32.42.4
Debt to
Equity
0.911.21.31.31.41.41.31.21.2-
Working Cap
Days
188141158158163173228195208228104
Cash Conv.
Cycle
13810612212313014018816117117842

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 51.83%

Return on Equity has declined versus last 3 years average to 4.60%

Sales growth has been subdued in last 3 years 5.71%

Debt to equity has increased versus last 3 years average to 1.17

Sales growth is not so good in last 4 quarters at -3.59%

Latest Financials - Bhandari Hosiery Exports Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 0
TTM Sales (₹ Cr.) 271 21
BVPS (₹.) 6.2 0
Reserves (₹ Cr.) 125 44
P/BV 1.09 0.00
PE 24.96 0.00
From the Market
52 Week Low / High (₹) 5.25 / 11.36
All Time Low / High (₹) 0.04 / 13.20
Market Cap (₹ Cr.) 163
Equity (₹ Cr.) 24
Face Value (₹) 1
Industry PE 29.3

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales125199214248266277226283283267
Operating Expenses 117183201231247256208261260242
Manufacturing Costs10171517202420292928
Material Costs100159178205216218176216212199
Employee Cost 55578109111210
Other Costs 2233343575
Operating Profit 8151317202118222325
Operating Profit Margin (%) 6.4%7.6%6.0%7.0%7.4%7.7%8.0%7.9%8.2%9.4%
Other Income 0000000000
Interest 475791011101011
Depreciation 1334455555
Exceptional Items 0000000000
Profit Before Tax 3556662789
Tax 1111110112
Profit After Tax 2445552677
PAT Margin (%) 1.8%2.0%2.0%2.0%2.0%1.9%0.7%2.2%2.3%2.4%
Adjusted EPS (₹)0.10.20.30.30.30.30.10.40.40.4
Dividend Payout Ratio (%)7%4%3%3%3%3%9%2%2%3%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 515559646974758287100
Share Capital 15151515151515151516
Reserves 37404449545961677283
Minority Interest0000000000
Debt4755698287105108103104117
Long Term Debt17172627273439362638
Short Term Debt30394455607170687878
Trade Payables139101411119121318
Others Liabilities 451112131515211316
Total Liabilities 116125149172180205207218217251

Fixed Assets

Gross Block535461757694939496128
Accumulated Depreciation10131519242834394449
Net Fixed Assets44414656536560565279
CWIP 0010102010
Investments 0000000000
Inventories45444759697277748086
Trade Receivables19314246425351696959
Cash Equivalents 0112212221
Others Assets78139131315171426
Total Assets 116125149172180205207218217251

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -3-7-62-3-2041216
PBT 3556662789
Adjustment 510812131516161516
Changes in Working Capital -7-14-13-7-13-12-7-72-1
Tax Paid -1-1-10-1-10-1-2-2
Cash Flow From Investing Activity -150-9-14-2-17-21-3-29
Capex -150-8-14-2-18-21-2-31
Net Investments 0000000000
Others 00-10010002
Cash Flow From Financing Activity 17814135183-5-1012
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000074-3-1012
Interest Paid 0000000000
Dividend Paid 0000000000
Others 1781413511-1-200
Net Cash Flow -11-110-1100-1
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)4.347.657.388.088.097.452.247.997.717
ROCE (%)7.6411.768.259.6310.329.867.099.299.699.78
Asset Turnover Ratio1.231.651.561.551.521.441.091.331.31.14
PAT to CFO Conversion(x)-1.5-1.75-1.50.4-0.6-0.400.671.712.29
Working Capital Days
Receivable Days50466265616384778988
Inventory Days11882777888931209799113
Payable Days34252022211920172128

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 04-Nov-2024 15:31 is ₹6.62.
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-Nov-2024 15:31 the market cap of Bhandari Hosiery Exp stood at ₹162.8.
The latest P/E ratio of Bhandari Hosiery Exp as of 04-Nov-2024 15:31 is 24.96.
The latest P/B ratio of Bhandari Hosiery Exp as of 04-Nov-2024 15:31 is 1.09.
The 52-week high of Bhandari Hosiery Exp is ₹11.36 and the 52-week low is ₹5.25.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhandari Hosiery Exp is ₹270.7 ( 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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