Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 2:42 am
Author: Getaka|Social: XLinkedIn

Bhandari Hosiery Exports Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2.19Fairly Valued by 9.88%vs CMP ₹2.43

P/E (12.3) × ROE (6.1%) × BV (₹3.62) × DY (0.82%)

₹2.68Undervalued by 10.29%vs CMP ₹2.43
MoS: +9.3% (Thin)Confidence: 48/100 (Moderate)Models: 5 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2.3223%Fair (-4.5%)
Graham NumberEarnings₹4.0417%Under (+66.3%)
DCFCash Flow₹0.5714%Over (-76.5%)
Net Asset ValueAssets₹3.617%Under (+48.6%)
EV/EBITDAEnterprise₹4.129%Under (+69.5%)
Dividend DiscountDividends₹0.179%Over (-93%)
Earnings YieldEarnings₹2.007%Over (-17.7%)
ROCE CapitalReturns₹5.427%Under (+123%)
Revenue MultipleRevenue₹3.226%Under (+32.5%)
Consensus (9 models)₹2.68100%Undervalued
Key Drivers: Wide model spread (₹0–₹5) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 5.9%

*Investments are subject to market risks

Investment Snapshot

55
Bhandari Hosiery Exports Ltd scores 55/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health55/100 · Moderate
ROCE 9.0% AverageROE 6.1% AverageD/E 1.44 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 31.0% Stable
Earnings Quality40/100 · Moderate
OPM stable around 10% SteadyWorking capital: 140 days Capital intensive
Quarterly Momentum70/100 · Strong
Revenue (4Q): 3% YoY FlatProfit (4Q): +28% YoY Strong
Industry Rank60/100 · Moderate
P/E 12.3 vs industry 27.2 Cheaper than peersROCE 9.0% vs industry 6.5% Above peersROE 6.1% vs industry 18.4% Below peers3Y sales CAGR: -1% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:42 am

Market Cap 105 Cr.
Current Price 2.43
Intrinsic Value₹2.68
High / Low 5.82/2.00
Stock P/E12.3
Book Value 3.62
Dividend Yield0.82 %
ROCE9.04 %
ROE6.10 %
Face Value 1.00
PEG Ratio2.08

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bhandari Hosiery Exports Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bhandari Hosiery Exports Ltd 105 Cr. 2.43 5.82/2.0012.3 3.620.82 %9.04 %6.10 % 1.00
Addi Industries Ltd 106 Cr. 98.0 141/44.337.2 74.90.00 %5.51 %4.15 % 5.00
Filatex Fashions Ltd 125 Cr. 0.15 0.74/0.1429.1 2.780.00 %0.63 %0.41 % 1.00
Alan Scott Industries Ltd 128 Cr. 224 404/92.0 14.20.00 %14.2 %142 % 10.0
T T Ltd (TTL) 220 Cr. 8.52 17.9/6.42 4.870.59 %1.49 %8.57 % 1.00
Industry Average472.88 Cr93.4127.2387.130.56%6.49%18.42%4.60

All Competitor Stocks of Bhandari Hosiery Exports Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 70.5255.90110.4154.1163.5260.2788.8358.0668.2663.0089.2362.9168.33
Expenses 64.5349.78104.4448.9757.1053.9881.6451.0061.8755.7381.8056.5061.37
Operating Profit 5.996.125.975.146.426.297.197.066.397.277.436.416.96
OPM % 8.49%10.95%5.41%9.50%10.11%10.44%8.09%12.16%9.36%11.54%8.33%10.19%10.19%
Other Income 0.000.010.070.010.000.030.290.000.090.030.150.060.04
Interest 2.562.682.692.202.852.863.283.212.682.762.722.582.57
Depreciation 1.381.340.971.271.301.311.561.951.481.731.701.731.75
Profit before tax 2.052.112.381.682.272.152.641.902.322.813.162.162.68
Tax % 12.20%15.64%33.61%14.29%25.55%17.67%38.26%25.26%28.02%27.76%16.14%25.00%22.76%
Net Profit 1.811.771.571.441.681.771.641.431.672.022.651.622.07
EPS in Rs 0.080.070.070.060.070.070.070.060.070.080.110.070.09

Last Updated: January 2, 2026, 6:32 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 23, 2026, 6:00 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 110125198214248266277225283282266278280
Expenses 102117183201231246255207260259241250251
Operating Profit 881513172021182323252828
OPM % 7%6%8%6%7%7%8%8%8%8%9%10%10%
Other Income 0-000000000000
Interest 44757910111010111111
Depreciation 1133445555577
Profit before tax 335566627891011
Tax % 29%27%26%20%16%15%15%21%8%17%25%24%
Net Profit 2244555267789
EPS in Rs 0.050.050.090.100.110.120.120.040.150.150.150.180.20
Dividend Payout % 0%7%4%3%3%3%3%9%2%2%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%100.00%0.00%25.00%0.00%0.00%-60.00%200.00%16.67%0.00%14.29%
Change in YoY Net Profit Growth (%)0.00%100.00%-100.00%25.00%-25.00%0.00%-60.00%260.00%-183.33%-16.67%14.29%

Bhandari Hosiery Exports Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:0%
3 Years:-1%
TTM:5%
Compounded Profit Growth
10 Years:13%
5 Years:8%
3 Years:6%
TTM:22%
Stock Price CAGR
10 Years:2%
5 Years:35%
3 Years:-3%
1 Year:-30%
Return on Equity
10 Years:7%
5 Years:6%
3 Years:7%
Last Year:6%

Last Updated: September 5, 2025, 12:50 am

Balance Sheet

Last Updated: December 4, 2025, 1:02 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 15151515151515151515162421
Reserves 3537404449545961677283129135
Borrowings 294755738287105108103104122102102
Other Liabilities 10171517262426243324292025
Total Liabilities 88116125149172180205207218216251276283
Fixed Assets 20444146565365605652797472
CWIP 9001010201000
Investments 0000000000000
Other Assets 587284103115126140145162162172202211
Total Assets 88116125149172180205207218216251276283

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0-3-7-62-3-2-041210-25
Cash from Investing Activity + 0-15-0-9-14-2-17-21-3-2345
Cash from Financing Activity + 017814135183-5-1012-20
Net Cash Flow 0-11-11-0-110-0-1-0
Free Cash Flow 0-18-8-14-12-5-19-2510-21-27
CFO/OP 0%-34%-41%-39%13%-13%-7%1%21%59%47%-81%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-21.00-39.00-40.00-60.00-65.00-67.00-84.00-90.00-80.00-81.00-97.00-74.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 5057567268587083898981116
Inventory Days 15616610196105117121159125137157152
Days Payable 254721212519181820223319
Cash Conversion Cycle 181176136146147156173224194204205250
Working Capital Days 7878595153616087817990140
ROCE %9%8%12%8%10%10%10%7%9%10%10%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 24.95%24.95%24.95%27.63%27.63%27.63%31.02%31.02%31.01%31.01%31.01%31.01%
FIIs 0.00%0.00%0.01%0.00%0.01%0.00%0.00%0.12%0.00%0.00%0.00%0.00%
Public 75.05%75.06%75.04%72.37%72.36%72.38%68.97%68.86%68.98%68.98%68.99%68.99%
No. of Shareholders 53,60957,49778,85779,03385,22788,11994,8721,00,8951,01,6261,02,2501,00,76999,007

Shareholding Pattern Chart

No. of Shareholders

Bhandari Hosiery Exports Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 0.320.420.440.430.11
Diluted EPS (Rs.) 0.360.400.440.430.11
Cash EPS (Rs.) 0.600.730.790.800.48
Book Value[Excl.RevalReserv]/Share (Rs.) 6.386.095.955.575.15
Book Value[Incl.RevalReserv]/Share (Rs.) 6.386.095.955.575.15
Dividend / Share (Rs.) 0.020.010.010.010.01
Revenue From Operations / Share (Rs.) 11.6016.3219.3319.3315.41
PBDIT / Share (Rs.) 1.181.551.601.541.25
PBIT / Share (Rs.) 0.891.221.241.170.87
PBT / Share (Rs.) 0.420.530.530.460.14
Net Profit / Share (Rs.) 0.320.390.440.420.11
PBDIT Margin (%) 10.209.518.277.978.08
PBIT Margin (%) 7.737.476.436.045.69
PBT Margin (%) 3.653.272.782.410.93
Net Profit Margin (%) 2.762.442.292.210.73
Return on Networth / Equity (%) 5.036.567.467.682.21
Return on Capital Employeed (%) 11.7613.5315.5614.1410.89
Return On Assets (%) 2.792.602.992.870.80
Long Term Debt / Equity (X) 0.130.380.300.430.51
Total Debt / Equity (X) 0.631.171.081.271.44
Asset Turnover Ratio (%) 1.061.141.301.331.09
Current Ratio (X) 2.161.651.641.681.63
Quick Ratio (X) 1.260.810.840.910.76
Inventory Turnover Ratio (X) 3.313.232.812.892.35
Dividend Payout Ratio (NP) (%) 6.222.242.252.338.77
Dividend Payout Ratio (CP) (%) 3.291.221.251.242.07
Earning Retention Ratio (%) 93.7897.7697.7597.6791.23
Cash Earning Retention Ratio (%) 96.7198.7898.7598.7697.93
Interest Coverage Ratio (X) 2.502.272.272.201.70
Interest Coverage Ratio (Post Tax) (X) 1.681.581.631.611.16
Enterprise Value (Cr.) 210.64236.05154.89209.83139.01
EV / Net Operating Revenue (X) 0.750.880.540.740.61
EV / EBITDA (X) 7.419.306.619.297.61
MarketCap / Net Operating Revenue (X) 0.400.440.220.380.14
Retention Ratios (%) 93.7797.7597.7497.6691.22
Price / BV (X) 0.741.200.721.320.43
Price / Net Operating Revenue (X) 0.400.440.220.380.14
EarningsYield 0.060.050.100.050.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bhandari Hosiery Exports Ltd. is a Public Limited Listed company incorporated on 25/11/1993 and has its registered office in the State of Punjab, India. Company's Corporate Identification Number(CIN) is L17115PB1993PLC013930 and registration number is 013930. Currently company belongs to the Industry of Textiles - Hosiery/Knitwear. Company's Total Operating Revenue is Rs. 278.55 Cr. and Equity Capital is Rs. 24.01 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - Hosiery/KnitwearBhandari House, Village Meharban, Ludhiana Punjab 141007Contact not found
Management
NamePosition Held
Mr. Nitin BhandariChairman & Managing Director
Mr. Vikas NayarNon Executive Director
Mr. Rohit Kumar ChhabraNon Executive Director
Mr. Rajesh KumarNon Executive Director
Ms. Alka GambhirIndependent Director
Ms. Komal BhallaIndependent Director
Mr. Surinder Kumar KapoorIndependent Director
Ms. Sharon AroraIndependent Director

FAQ

What is the intrinsic value of Bhandari Hosiery Exports Ltd and is it undervalued?

As of 16 April 2026, Bhandari Hosiery Exports Ltd's intrinsic value is ₹2.68, which is 10.29% higher than the current market price of ₹2.43, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (6.10 %), book value (₹3.62), dividend yield (0.82 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bhandari Hosiery Exports Ltd?

Bhandari Hosiery Exports Ltd is trading at ₹2.43 as of 16 April 2026, with a FY2026-2027 high of ₹5.82 and low of ₹2.00. The stock is currently near its 52-week low. Market cap stands at ₹105 Cr..

How does Bhandari Hosiery Exports Ltd's P/E ratio compare to its industry?

Bhandari Hosiery Exports Ltd has a P/E ratio of 12.3, which is below the industry average of 27.23. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Bhandari Hosiery Exports Ltd financially healthy?

Key indicators for Bhandari Hosiery Exports Ltd: ROCE of 9.04 % is on the lower side compared to the industry average of 6.49%; ROE of 6.10 % is below ideal levels (industry average: 18.42%). Dividend yield is 0.82 %.

Is Bhandari Hosiery Exports Ltd profitable and how is the profit trend?

Bhandari Hosiery Exports Ltd reported a net profit of ₹8 Cr in Mar 2025 on revenue of ₹278 Cr. Compared to ₹6 Cr in Mar 2022, the net profit shows an improving trend.

Does Bhandari Hosiery Exports Ltd pay dividends?

Bhandari Hosiery Exports Ltd has a dividend yield of 0.82 % at the current price of ₹2.43. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bhandari Hosiery Exports Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports