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Last Updated on: 25 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Bhartiya International Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 24, 2024, 8:55 pm

Market Cap 968 Cr.
Current Price 810
High / Low 845/246
Stock P/E2,362
Book Value 334
Dividend Yield0.00 %
ROCE6.61 %
ROE0.05 %
Face Value 10.0
PEG Ratio99.20

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

View Share Price Target for Bhartiya International Ltd

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
NB Footwear Ltd 21.9 Cr. 16.2 20.9/5.66 1.090.00 %%% 10.0
Euro Leder Fashion Ltd 12.4 Cr. 27.7 33.7/17.6155 32.20.00 %6.05 %2.31 % 10.0
Billwin Industries Ltd 14.6 Cr. 35.0 70.1/34.221.8 33.10.00 %13.4 %12.8 % 10.0
Anka India Ltd 30.1 Cr. 19.6 22.0/9.25 5.360.00 %%% 10.0
Amin Tannery Ltd 27.4 Cr. 2.54 3.09/1.9691.4 1.170.00 %5.03 %2.92 % 1.00
Industry Average853.33 Cr211.35343.21126.900.08%7.85%4.96%8.00

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales135.56142.74114.03214.55208.36156.57226.19233.72191.91146.78171.87227.65198.35
Expenses126.82137.49111.05197.69211.61170.89215.00206.66172.81131.09158.54201.80184.29
Operating Profit8.745.252.9816.86-3.25-14.3211.1927.0619.1015.6913.3325.8514.06
OPM %6.45%3.68%2.61%7.86%-1.56%-9.15%4.95%11.58%9.95%10.69%7.76%11.36%7.09%
Other Income1.7110.851.6115.6613.922.510.591.370.7254.710.710.670.87
Interest3.906.076.565.065.855.807.119.0812.068.449.7310.6210.44
Depreciation2.572.832.988.879.852.116.216.176.306.546.546.346.58
Profit before tax3.987.20-4.9518.59-5.03-19.72-1.5413.181.4655.42-2.239.56-2.09
Tax %47.49%-7.78%0.20%19.42%-14.31%-5.83%-83.12%26.10%35.62%1.23%-59.19%41.53%-55.98%
Net Profit2.097.76-4.9414.98-5.74-20.86-2.829.730.9354.73-3.545.58-3.26
EPS in Rs1.726.37-4.0412.28-4.71-17.08-2.317.980.7744.85-2.894.58-2.66

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales251303414558622642711748721548694799744
Expenses224277377508569598661688661521684712669
Operating Profit27263750534449606028108775
OPM %11%9%9%9%9%7%7%8%8%5%1%11%10%
Other Income234-1-2671345325258
Interest10121613131823352928294539
Depreciation334666781010242526
Profit before tax161421303226262926-6-116868
Tax %28%30%31%28%29%31%33%33%17%-5%-49%9%
Net Profit121015212518172021-6-176362
EPS in Rs10.949.1713.1218.7321.0915.3714.3416.2317.43-5.04-13.5451.2950.71
Dividend Payout %9%11%8%5%6%8%8%7%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-16.67%50.00%40.00%19.05%-28.00%-5.56%17.65%5.00%-128.57%-183.33%470.59%
Change in YoY Net Profit Growth (%)0.00%66.67%-10.00%-20.95%-47.05%22.44%23.20%-12.65%-133.57%-54.76%653.92%

Bhartiya International Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:1%
3 Years:12%
TTM:22%
Compounded Profit Growth
10 Years:-35%
5 Years:-60%
3 Years:27%
TTM:-99%
Stock Price CAGR
10 Years:7%
5 Years:39%
3 Years:42%
1 Year:138%
Return on Equity
10 Years:5%
5 Years:3%
3 Years:4%
Last Year:0%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:53 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital11111112121212121212121212
Reserves131145166211254363383335328311376378395
Borrowings104171204222265348383441437478501517515
Other Liabilities44539210088187140117126142123190264
Total Liabilities2903804735446199109179049039431,0121,0971,187
Fixed Assets666667758797114125187194199179168
CWIP0469825101188013
Investments413938384312712347386544331
Other Assets184272362422481661670721669735758873984
Total Assets2903804735446199109179049039431,0121,0971,187

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-6-21-21-12-2-568-726461266
Cash from Investing Activity +-9-2-8-14-21-28-1-12-24-46-22-21
Cash from Financing Activity +185122234565331-3516-14-26
Net Cash Flow427-7-222-201012-3216-2518

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow27.00-78.00-134.00-154.00-169.00-221.00-299.00-323.00-381.00-409.00-468.00-414.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days452560535298606493685968
Inventory Days211238204243248280327369464401423496
Days Payable5642576151122836711310174134
Cash Conversion Cycle200221207235249256304366444367408429
Working Capital Days150157153170190220222250339276268282
ROCE %12%13%13%12%9%8%9%7%3%2%13%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters57.36%57.36%57.36%57.36%57.36%57.36%57.36%57.35%57.35%57.35%57.35%57.35%
FIIs0.00%0.00%0.00%0.00%0.00%8.64%8.61%8.53%8.36%8.36%8.25%8.12%
DIIs8.65%8.65%8.64%8.64%8.64%0.00%0.00%0.00%0.00%0.00%0.08%0.18%
Public34.00%34.00%34.00%33.99%34.00%34.00%34.03%34.13%34.29%34.30%34.33%34.35%
No. of Shareholders6,5176,5316,6906,4236,2396,1226,4376,1576,1205,5485,3445,214

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.1650.98-13.33-4.8317.67
Diluted EPS (Rs.)0.1650.91-13.33-4.8217.61
Cash EPS (Rs.)30.5232.4831.8810.6828.46
Book Value[Excl.RevalReserv]/Share (Rs.)319.42317.74264.81278.89284.18
Book Value[Incl.RevalReserv]/Share (Rs.)319.42317.74264.81278.89284.18
Revenue From Operations / Share (Rs.)636.82654.21568.12449.41590.64
PBDIT / Share (Rs.)70.5567.3955.4230.4752.45
PBIT / Share (Rs.)49.6446.7335.9122.0044.27
PBT / Share (Rs.)15.1316.6716.852.4423.85
Net Profit / Share (Rs.)9.6111.8112.372.2120.28
NP After MI And SOA / Share (Rs.)0.1851.29-13.54-5.0417.43
PBDIT Margin (%)11.0710.309.756.778.87
PBIT Margin (%)7.797.146.324.897.49
PBT Margin (%)2.372.542.960.544.03
Net Profit Margin (%)1.501.802.170.493.43
NP After MI And SOA Margin (%)0.027.84-2.38-1.122.95
Return on Networth / Equity (%)0.0516.19-5.11-1.806.13
Return on Capital Employeed (%)11.929.988.675.6212.86
Return On Assets (%)0.026.18-1.75-0.682.35
Long Term Debt / Equity (X)0.260.420.510.360.17
Total Debt / Equity (X)1.311.281.461.211.25
Asset Turnover Ratio (%)0.730.810.600.470.68
Current Ratio (X)1.451.661.671.561.38
Quick Ratio (X)0.460.470.610.570.49
Inventory Turnover Ratio (X)0.670.700.730.500.79
Dividend Payout Ratio (NP) (%)0.000.000.000.008.30
Dividend Payout Ratio (CP) (%)0.000.000.000.005.65
Earning Retention Ratio (%)0.000.000.000.0091.70
Cash Earning Retention Ratio (%)0.000.000.000.0094.35
Interest Coverage Ratio (X)2.042.242.911.562.57
Interest Coverage Ratio (Post Tax) (X)1.281.391.651.111.99
Enterprise Value (Cr.)757.98667.46700.68581.03461.61
EV / Net Operating Revenue (X)0.970.831.011.060.64
EV / EBITDA (X)8.808.1110.3615.637.21
MarketCap / Net Operating Revenue (X)0.400.250.440.380.12
Retention Ratios (%)0.000.000.000.0091.69
Price / BV (X)0.810.520.940.610.26
Price / Net Operating Revenue (X)0.400.250.440.380.12
EarningsYield0.000.30-0.05-0.020.23

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bhartiya International Ltd as of December 25, 2024 is: 402.34

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.

As of December 25, 2024, Bhartiya International Ltd is Overvalued by 50.33% compared to the current share price 810.00

Intrinsic Value of Bhartiya International Ltd as of December 25, 2024 is: 498.14

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 25, 2024, Bhartiya International Ltd is Overvalued by 38.50% compared to the current share price 810.00

Last 5 Year EPS CAGR: 23.81%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (596.54 cr) and profit (26.08 cr) over the years.
  1. The stock has a low average ROCE of 9.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 223.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 307.17, which may not be favorable.
  4. The company has higher borrowings (352.77) compared to reserves (290.46), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bhartiya International Ltd:
    1. Net Profit Margin: 1.5%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 11.92% (Industry Average ROCE: 6.42%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0.05% (Industry Average ROE: 4.06%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.28
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.46
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 2 (Industry average Stock P/E: 249.61)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.31
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Bhartiya International Ltd. is a Public Limited Listed company incorporated on 07/01/1987 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899TN1987PLC111744 and registration number is 111744. Currently Company is involved in the business activities of Manufacture of wearing apparel, except fur apparel. Company’s Total Operating Revenue is Rs. 530.85 Cr. and Equity Capital is Rs. 12.21 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Leather/Synthetic Products56/7, Nallambakkam Village, (Via Vandalur), Chennai (Madras) Tamil Nadu 600048shares@bhartiya.com
http://www.bhartiyafashion.com
Management
NamePosition Held
Mr. Snehdeep AggarwalChairman
Mr. Manoj KhattarWhole Time Director
Mr. Robert Burton Moore JrDirector
Mr. Nikhil AggarwalDirector
Ms. Sannovanda Machaiah SwathiIndependent Director
Mr. Navkiran Singh GheiIndependent Director
Mr. Vivek KapurIndependent Director
Mr. Deepak BhojwaniIndependent Director

FAQ

What is the latest intrinsic value of Bhartiya International Ltd?

The latest intrinsic value of Bhartiya International Ltd as on 25 December 2024 is ₹402.34, which is 50.33% lower than the current market price of ₹810.00. The stock has a market capitalization of 968 Cr. and recorded a high/low of 845/246 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹395 Cr and total liabilities of ₹1,187 Cr.

What is the Market Cap of Bhartiya International Ltd?

The Market Cap of Bhartiya International Ltd is 968 Cr..

What is the current Stock Price of Bhartiya International Ltd as on 25 December 2024?

The current stock price of Bhartiya International Ltd as on 25 December 2024 is 810.

What is the High / Low of Bhartiya International Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Bhartiya International Ltd stocks is 845/246.

What is the Stock P/E of Bhartiya International Ltd?

The Stock P/E of Bhartiya International Ltd is 2,362.

What is the Book Value of Bhartiya International Ltd?

The Book Value of Bhartiya International Ltd is 334.

What is the Dividend Yield of Bhartiya International Ltd?

The Dividend Yield of Bhartiya International Ltd is 0.00 %.

What is the ROCE of Bhartiya International Ltd?

The ROCE of Bhartiya International Ltd is 6.61 %.

What is the ROE of Bhartiya International Ltd?

The ROE of Bhartiya International Ltd is 0.05 %.

What is the Face Value of Bhartiya International Ltd?

The Face Value of Bhartiya International Ltd is 10.0.

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 Bhartiya International 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