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Last Updated: April 2, 2026, 2:43 am
Author: Getaka|Social: XLinkedIn

Bhartiya International Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹278.70Overvalued by 60.13%vs CMP ₹699.00

P/E (25.3) × ROE (3.8%) × BV (₹360.00) × DY (2.00%)

₹450.46Overvalued by 35.56%vs CMP ₹699.00
MoS: -55.2% (Negative)Confidence: 73/100 (High)Models: All 8: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹590.6027%Over (-15.5%)
Graham NumberEarnings₹477.8516%Over (-31.6%)
DCFCash Flow₹300.8913%Over (-57%)
Net Asset ValueAssets₹359.939%Over (-48.5%)
EV/EBITDAEnterprise₹570.8311%Over (-18.3%)
Earnings YieldEarnings₹281.909%Over (-59.7%)
ROCE CapitalReturns₹344.479%Over (-50.7%)
Revenue MultipleRevenue₹383.417%Over (-45.1%)
Consensus (8 models)₹450.46100%Overvalued
Key Drivers: EPS CAGR 111.9% lifts DCF — verify sustainability. | ROE 3.8% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 111.9%

*Investments are subject to market risks

Investment Snapshot

60
Bhartiya International Ltd scores 60/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health35/100 · Weak
ROCE 8.9% AverageROE 3.8% WeakD/E 1.21 High debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 61.2% Stable
Earnings Quality65/100 · Strong
OPM expanding (6% → 10%) Improving
Quarterly Momentum90/100 · Strong
Revenue (4Q): +31% YoY AcceleratingProfit (4Q): +7,310% YoY Strong
Industry Rank65/100 · Strong
P/E 25.3 vs industry 28.0 In-lineROCE 8.9% vs industry 6.8% Above peers3Y sales CAGR: 14% Moderate

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, 2:43 am

Market Cap 938 Cr.
Current Price 699
Intrinsic Value₹450.46
High / Low 988/444
Stock P/E25.3
Book Value 360
Dividend Yield0.00 %
ROCE8.85 %
ROE3.75 %
Face Value 10.0
PEG Ratio0.23

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

View Share Price Target for Bhartiya International Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bhartiya International Ltd 938 Cr. 699 988/44425.3 3600.00 %8.85 %3.75 % 10.0
Sreeleathers Ltd – a Premier Leather Goods Manufacturer 404 Cr. 174 283/16516.6 2090.57 %7.31 %5.14 % 10.0
Mirza International Ltd 384 Cr. 27.8 44.0/24.8 41.70.00 %1.00 %0.78 % 2.00
Superhouse Ltd 153 Cr. 139 202/12224.9 4180.58 %3.90 %1.19 % 10.0
Anka India Ltd 113 Cr. 21.9 71.1/18.6 5.230.00 %%% 10.0
Industry Average620.71 Cr165.2628.04135.720.19%6.81%4.43%8.00

All Competitor Stocks of Bhartiya International Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 233.72191.91146.78171.87227.65198.35179.66229.24295.91262.97241.14279.96399.40
Expenses 206.66172.81131.09158.54201.80184.29165.98216.94267.44245.56222.34254.11363.96
Operating Profit 27.0619.1015.6913.3325.8514.0613.6812.3028.4717.4118.8025.8535.44
OPM % 11.58%9.95%10.69%7.76%11.36%7.09%7.61%5.37%9.62%6.62%7.80%9.23%8.87%
Other Income 1.370.7254.710.710.670.875.430.631.821.1515.510.900.26
Interest 9.0812.068.449.7310.6210.4411.3410.2512.1211.7611.2511.6213.08
Depreciation 6.176.306.546.546.346.586.086.406.406.546.426.476.45
Profit before tax 13.181.4655.42-2.239.56-2.091.69-3.7211.770.2616.648.6616.17
Tax % 26.10%35.62%1.23%59.19%41.53%55.98%16.57%45.70%34.83%684.62%10.40%35.57%38.53%
Net Profit 9.730.9354.73-3.545.58-3.261.41-5.437.67-1.5214.915.589.93
EPS in Rs 7.980.7744.85-2.894.58-2.661.16-4.446.29-1.2411.494.307.40

Last Updated: January 2, 2026, 6:03 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 3:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4145586226427117487215486947997781,0291,286
Expenses 3775085695986616886615216847127009281,178
Operating Profit 3750534449606028108778101109
OPM % 9%9%9%7%7%8%8%5%1%11%10%10%8%
Other Income 4-1-267134532527617
Interest 16131318233529282945525648
Depreciation 46667810102425262626
Profit before tax 21303226262926-6-116872552
Tax % 31%28%29%31%33%33%17%5%49%9%97%37%
Net Profit 15212518172021-6-176301637
EPS in Rs 13.1218.7321.0915.3714.3416.2317.43-5.04-13.5451.290.1812.0628.19
Dividend Payout % 8%5%6%8%8%7%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)40.00%19.05%-28.00%-5.56%17.65%5.00%-128.57%-183.33%470.59%-100.00%
Change in YoY Net Profit Growth (%)0.00%-20.95%-47.05%22.44%23.20%-12.65%-133.57%-54.76%653.92%-570.59%

Bhartiya International Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:7%
3 Years:14%
TTM:29%
Compounded Profit Growth
10 Years:-4%
5 Years:-6%
3 Years:43%
TTM:1707%
Stock Price CAGR
10 Years:6%
5 Years:36%
3 Years:63%
1 Year:69%
Return on Equity
10 Years:5%
5 Years:3%
3 Years:7%
Last Year:4%

Last Updated: September 5, 2025, 1:00 am

Balance Sheet

Last Updated: December 4, 2025, 1:03 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 11111212121212121212121313
Reserves 145166211254363383335328311376378436470
Borrowings 171204222265348383441437478501517479504
Other Liabilities 539210088187140117126142123190244341
Total Liabilities 3804735446199109179049039431,0121,0971,1721,328
Fixed Assets 6667758797114125187194199179159151
CWIP 4698251011880133
Investments 393838431271234738654434438
Other Assets 2723624224816616707216697357588739661,136
Total Assets 3804735446199109179049039431,0121,0971,1721,328

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -21-21-12-2-568-72646126644
Cash from Investing Activity + -2-8-14-21-28-1-12-24-46-22-21-14
Cash from Financing Activity + 5122234565331-3516-14-26-45
Net Cash Flow 27-7-222-201012-3216-2518-15
Free Cash Flow -28-33-29-24-90-3-18918-105937
CFO/OP -45%-29%-3%19%-101%25%-0%112%515%15%94%50%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-134.00-154.00-169.00-221.00-299.00-323.00-381.00-409.00-468.00-414.00-439.00-378.00

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 256053529860649368596867
Inventory Days 238204243248280327369464401423496372
Days Payable 42576151122836711310174134121
Cash Conversion Cycle 221207235249256304366444367408429317
Working Capital Days 374462597068611341151158983
ROCE %13%13%12%9%8%9%7%3%2%13%7%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 57.36%57.36%57.35%57.35%57.35%57.35%57.35%57.35%59.89%59.89%61.17%61.17%
FIIs 8.64%8.61%8.53%8.36%8.36%8.25%8.12%8.22%7.73%7.73%7.44%7.45%
DIIs 0.00%0.00%0.00%0.00%0.00%0.08%0.18%0.18%0.00%0.00%0.00%0.00%
Public 34.00%34.03%34.13%34.29%34.30%34.33%34.35%34.25%32.37%32.37%31.40%31.39%
No. of Shareholders 6,1226,4376,1576,1205,5485,3445,2144,9334,8924,8004,9244,968

Shareholding Pattern Chart

No. of Shareholders

Bhartiya International 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 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 12.770.1650.98-13.33-4.83
Diluted EPS (Rs.) 12.470.1650.91-13.33-4.82
Cash EPS (Rs.) 30.9230.5232.4831.8810.68
Book Value[Excl.RevalReserv]/Share (Rs.) 344.46319.42317.74264.81278.89
Book Value[Incl.RevalReserv]/Share (Rs.) 344.46319.42317.74264.81278.89
Revenue From Operations / Share (Rs.) 792.69636.82654.21568.12449.41
PBDIT / Share (Rs.) 73.0670.5567.3955.4230.47
PBIT / Share (Rs.) 53.2249.6446.7335.9122.00
PBT / Share (Rs.) 18.2615.1316.6716.852.44
Net Profit / Share (Rs.) 11.099.6111.8112.372.21
NP After MI And SOA / Share (Rs.) 12.060.1851.29-13.54-5.04
PBDIT Margin (%) 9.2111.0710.309.756.77
PBIT Margin (%) 6.717.797.146.324.89
PBT Margin (%) 2.302.372.542.960.54
Net Profit Margin (%) 1.391.501.802.170.49
NP After MI And SOA Margin (%) 1.520.027.84-2.38-1.12
Return on Networth / Equity (%) 3.500.0516.19-5.11-1.80
Return on Capital Employeed (%) 13.0511.929.988.675.62
Return On Assets (%) 1.330.026.18-1.75-0.68
Long Term Debt / Equity (X) 0.140.260.420.510.36
Total Debt / Equity (X) 1.061.311.281.461.21
Asset Turnover Ratio (%) 0.900.730.810.600.47
Current Ratio (X) 1.491.451.661.671.56
Quick Ratio (X) 0.520.460.470.610.57
Inventory Turnover Ratio (X) 1.720.670.700.730.50
Interest Coverage Ratio (X) 2.092.042.242.911.56
Interest Coverage Ratio (Post Tax) (X) 1.321.281.391.651.11
Enterprise Value (Cr.) 1070.44757.98667.46700.68581.03
EV / Net Operating Revenue (X) 1.040.970.831.011.06
EV / EBITDA (X) 11.288.808.1110.3615.63
MarketCap / Net Operating Revenue (X) 0.650.400.250.440.38
Price / BV (X) 1.500.810.520.940.61
Price / Net Operating Revenue (X) 0.650.400.250.440.38
EarningsYield 0.020.000.30-0.05-0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 Tamil Nadu, 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. 856.57 Cr. and Equity Capital is Rs. 12.98 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Leather/Synthetic Products56/7, Nallambakkam Village, Chennai (Madras) Tamil Nadu 600048Contact not found
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 intrinsic value of Bhartiya International Ltd and is it undervalued?

As of 16 April 2026, Bhartiya International Ltd's intrinsic value is ₹450.46, which is 35.56% lower than the current market price of ₹699.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.75 %), book value (₹360), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bhartiya International Ltd?

Bhartiya International Ltd is trading at ₹699.00 as of 16 April 2026, with a FY2026-2027 high of ₹988 and low of ₹444. The stock is currently in the middle of its 52-week range. Market cap stands at ₹938 Cr..

How does Bhartiya International Ltd's P/E ratio compare to its industry?

Bhartiya International Ltd has a P/E ratio of 25.3, which is below the industry average of 28.04. This is broadly in line with or below the industry average.

Is Bhartiya International Ltd financially healthy?

Key indicators for Bhartiya International Ltd: ROCE of 8.85 % is on the lower side compared to the industry average of 6.81%; ROE of 3.75 % is below ideal levels (industry average: 4.43%). Dividend yield is 0.00 %.

Is Bhartiya International Ltd profitable and how is the profit trend?

Bhartiya International Ltd reported a net profit of ₹16 Cr in Mar 2025 on revenue of ₹1,029 Cr. Compared to ₹-17 Cr in Mar 2022, the net profit shows an improving trend.

Does Bhartiya International Ltd pay dividends?

Bhartiya International Ltd has a dividend yield of 0.00 % at the current price of ₹699.00. The company is currently not paying meaningful dividends.

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
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