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Last Updated on: 19 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Bhandari Hosiery Exports Ltd

About the Company - Bhandari Hosiery Exports Ltd

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. 283.28 Cr. and Equity Capital is Rs. 14.65 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Hosiery/KnitwearBhandari House, Village Meharban, Ludhiana Punjab 141007bhandari@bhandariexport.com
http://www.bhandariexport.com
Management
NamePosition Held
Mr. Nitin BhandariChairman & Managing Director
Mr. Vikas NayarNon Executive Director
Mr. Rajesh KumarNon Executive Director
Mr. Surinder K KapoorIndependent Director
Mrs. Geetika BhallaIndependent Director

Basic Stock Data of Bhandari Hosiery Exports Ltd

Last Updated: July 18, 2024, 11:19 pm

Market Cap 170 Cr.
Current Price 7.11
High / Low11.4/3.82
Stock P/E26.0
Book Value 4.15
Dividend Yield0.14 %
ROCE9.89 %
ROE6.99 %
Face Value 1.00
PEG Ratio5.70

Data Source: screener.in

Bhandari Hosiery Exports Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales68.1977.7543.0778.0168.3693.8546.4170.5255.90110.4154.1163.5260.27
Expenses62.1071.8638.2071.6062.9088.1441.1464.5349.78104.4448.9757.1053.98
Operating Profit6.095.894.876.415.465.715.275.996.125.975.146.426.29
OPM %8.93%7.58%11.31%8.22%7.99%6.08%11.36%8.49%10.95%5.41%9.50%10.11%10.44%
Other Income0.200.050.010.030.000.110.010.000.010.070.010.000.03
Interest3.202.772.382.772.682.452.412.562.682.692.202.852.86
Depreciation1.641.311.431.481.281.281.511.381.340.971.271.301.31
Profit before tax1.451.861.072.191.502.091.362.052.112.381.682.272.15
Tax %6.90%19.35%0.00%9.13%16.00%6.70%0.00%12.20%15.64%33.61%14.29%25.55%17.67%
Net Profit1.351.501.071.991.251.951.361.811.771.571.441.681.77
EPS in Rs0.080.090.070.120.080.120.080.110.110.100.090.100.11

Last Updated: July 10, 2024, 3:38 pm

Bhandari Hosiery Exports Ltd Quarterly Chart

Bhandari Hosiery Exports Ltd Profit & Loss

Last Updated: July 10, 2024, 3:38 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9795110125198214248266277225283282288
Expenses8887102117183201231246255207260259264
Operating Profit9888151317202118232324
OPM %9%9%7%6%8%6%7%7%8%8%8%8%8%
Other Income-000-0000000000
Interest434475791011101011
Depreciation1111334455555
Profit before tax5433556662788
Tax %32%34%29%27%26%20%16%15%15%21%8%17%
Net Profit3322445552676
EPS in Rs0.270.180.120.130.250.260.300.330.320.100.380.400.40
Dividend Payout %0%0%0%7%4%3%3%3%3%9%2%2%

Bhandari Hosiery Exports Ltd Profit & Loss Yearly Chart

Bhandari Hosiery Exports Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:0%
3 Years:6%
TTM:-5%
Compounded Profit Growth
10 Years:13%
5 Years:4%
3 Years:56%
TTM:-1%
Stock Price CAGR
10 Years:5%
5 Years:38%
3 Years:30%
1 Year:79%
Return on Equity
10 Years:7%
5 Years:7%
3 Years:8%
Last Year:7%

Last Updated: July 17, 2024, 5:54 pm

Bhandari Hosiery Exports Ltd Balance Sheet

Last Updated: July 10, 2024, 3:38 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10151515151515151515151515
Reserves14333537404449545961677276
Borrowings212329475573828710510810394120
Other Liabilities11141017151726242624333623
Total Liabilities568588116125149172180205207218217233
Fixed Assets10212044414656536560565251
CWIP012900101020110
Investments0000000000000
Other Assets4651587284103115126140145162164173
Total Assets568588116125149172180205207218217233

Bhandari Hosiery Exports Ltd Reserves and Borrowings Chart

Bhandari Hosiery Exports Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 00-3-7-62-3-2-041216
Cash from Investing Activity 00-15-0-9-14-2-17-21-3-29
Cash from Financing Activity 0017814135183-5-912
Net Cash Flow00-11-11-0-1100-1

Bhandari Hosiery Exports Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days395057567268587083898981
Inventory Days18115616610196105117121159125137157
Days Payable532547212125191818202233
Cash Conversion Cycle167181176136146147156173224194204205
Working Capital Days149166166130125134143153200169167199
ROCE %12%9%8%12%8%10%10%10%7%9%10%

Bhandari Hosiery Exports Ltd Financial Efficiency Indicators Chart

No valid data available for the Shareholding

Bhandari Hosiery Exports Ltd Shareholding Pattern Chart

No. of Bhandari Hosiery Exports Ltd Shareholders

This stock is not held by any mutual fund

Bhandari Hosiery Exports Ltd ROCE Trend

Bhandari Hosiery Exports Ltd EPS Trend

Bhandari Hosiery Exports Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)0.400.440.430.110.36
Diluted EPS (Rs.)0.420.440.430.110.36
Cash EPS (Rs.)0.730.790.800.480.70
Book Value[Excl.RevalReserv]/Share (Rs.)6.095.955.575.155.04
Book Value[Incl.RevalReserv]/Share (Rs.)6.095.955.575.155.04
Dividend / Share (Rs.)0.010.010.010.010.01
Revenue From Operations / Share (Rs.)16.3219.3319.3315.4118.93
PBDIT / Share (Rs.)1.551.601.541.251.47
PBIT / Share (Rs.)1.221.241.170.871.13
PBT / Share (Rs.)0.530.530.460.140.42
Net Profit / Share (Rs.)0.390.440.420.110.36
PBDIT Margin (%)9.518.277.978.087.75
PBIT Margin (%)7.476.436.045.695.94
PBT Margin (%)3.272.782.410.932.25
Net Profit Margin (%)2.442.292.210.731.91
Return on Networth / Equity (%)6.567.467.682.217.18
Return on Capital Employeed (%)13.5315.5614.1410.8914.72
Return On Assets (%)2.602.992.870.802.58
Long Term Debt / Equity (X)0.380.300.430.510.46
Total Debt / Equity (X)1.171.081.271.441.42
Asset Turnover Ratio (%)1.141.301.331.091.44
Current Ratio (X)1.651.641.681.631.50
Quick Ratio (X)0.810.840.910.760.72
Inventory Turnover Ratio (X)2.442.812.892.353.13
Dividend Payout Ratio (NP) (%)0.002.252.338.772.76
Dividend Payout Ratio (CP) (%)0.001.251.242.071.42
Earning Retention Ratio (%)0.0097.7597.6791.2397.24
Cash Earning Retention Ratio (%)0.0098.7598.7697.9398.58
Interest Coverage Ratio (X)2.272.272.201.702.10
Interest Coverage Ratio (Post Tax) (X)1.581.631.611.161.52
Enterprise Value (Cr.)236.05154.89209.83139.01114.98
EV / Net Operating Revenue (X)0.880.540.740.610.41
EV / EBITDA (X)9.306.619.297.615.35
MarketCap / Net Operating Revenue (X)0.440.220.380.140.03
Retention Ratios (%)0.0097.7497.6691.2297.23
Price / BV (X)1.200.721.320.430.14
Price / Net Operating Revenue (X)0.440.220.380.140.03
EarningsYield0.050.100.050.050.48

Bhandari Hosiery Exports Ltd Profitability Ratios (%)

Bhandari Hosiery Exports Ltd Liquidity Ratios

Bhandari Hosiery Exports Ltd Liquidity Ratios (%)

Bhandari Hosiery Exports Ltd Interest Coverage Ratios (%)

Bhandari Hosiery Exports Ltd Valuation Ratios

Fair Value

Fair Value: 7.55

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 6.23% compared to the current price 7.11

Intrinsic Value: 7.90

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 11.08% compared to the current price 7.11

Last 5 Year EPS CAGR: 4.56%

*Investments are subject to market risks

Strength and Weakness of Bhandari Hosiery Exports Ltd Stock

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.48 and average Dividend Yield of 6.31%.
  2. The company has shown consistent growth in sales (208.31 cr) and profit (5.23 cr) over the years.
  1. The stock has a low average ROCE of 8.75%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 158.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 175.75, which may not be favorable.
  4. The company has higher borrowings (77.33) compared to reserves (52.83), which may suggest financial risk.

FAQ

What is the latest fair value of Bhandari Hosiery Exports Ltd?

The latest fair value of Bhandari Hosiery Exports Ltd is ₹7.55.

What is the Market Cap of Bhandari Hosiery Exports Ltd?

The Market Cap of Bhandari Hosiery Exports Ltd is 170 Cr..

What is the current Stock Price of Bhandari Hosiery Exports Ltd as on 19 July 2024?

The current stock price of Bhandari Hosiery Exports Ltd as on 19 July 2024 is 7.11.

What is the High / Low of Bhandari Hosiery Exports Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bhandari Hosiery Exports Ltd stocks is 11.4/3.82.

What is the Stock P/E of Bhandari Hosiery Exports Ltd?

The Stock P/E of Bhandari Hosiery Exports Ltd is 26.0.

What is the Book Value of Bhandari Hosiery Exports Ltd?

The Book Value of Bhandari Hosiery Exports Ltd is 4.15.

What is the Dividend Yield of Bhandari Hosiery Exports Ltd?

The Dividend Yield of Bhandari Hosiery Exports Ltd is 0.14 %.

What is the ROCE of Bhandari Hosiery Exports Ltd?

The ROCE of Bhandari Hosiery Exports Ltd is 9.89 %.

What is the ROE of Bhandari Hosiery Exports Ltd?

The ROE of Bhandari Hosiery Exports Ltd is 6.99 %.

What is the Face Value of Bhandari Hosiery Exports Ltd?

The Face Value of Bhandari Hosiery Exports Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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