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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Bhartiya International Ltd

About the Company - Bhartiya International Ltd

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

Basic Stock Data of Bhartiya International Ltd

Last Updated: May 29, 2024, 6:14 pm

Market Cap 564 Cr.
Current Price 462
High / Low475/172
Stock P/E10.6
Book Value 320
Dividend Yield0.00 %
ROCE13.4 %
ROE17.6 %
Face Value 10.0
PEG Ratio0.45

Bhartiya International Ltd Quarterly Results

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: May 6, 2024, 8:51 pm

Bhartiya International Ltd Quarterly Chart

Bhartiya International Ltd Profit & Loss

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%

Bhartiya International Ltd Profit & Loss Yearly Chart

Bhartiya International Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:2%
3 Years:3%
TTM:-8%
Compounded Profit Growth
10 Years:20%
5 Years:30%
3 Years:43%
TTM:511%
Stock Price CAGR
10 Years:5%
5 Years:13%
3 Years:29%
1 Year:146%
Return on Equity
10 Years:6%
5 Years:5%
3 Years:4%
Last Year:18%

Last Updated: May 23, 2024, 3:15 pm

Bhartiya International Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10111111121212121212121212
Reserves121131145166200244359383335328311376378
Borrowings77104171204222265348383441437478501544
Other Liabilities4244539211098191140117126142123195
Total Liabilities2502903804735446199109179049039431,0121,129
Fixed Assets48666667758797114125187194199188
CWIP90469825101188-02
Investments414139383843127123473865446
Other Assets151184272362422481661670721669735758894
Total Assets2502903804735446199109179049039431,0121,129

Bhartiya International Ltd Reserves and Borrowings Chart

Bhartiya International Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2-6-21-21-12-2-568-7264612
Cash from Investing Activity -8-9-2-8-14-21-28-1-12-24-46-22
Cash from Financing Activity 7185122234565331-3516-14
Net Cash Flow2427-7-222-201012-3216-25

Bhartiya International Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days364525605352986064936859
Inventory Days242211238204243248280327369464401423
Days Payable685642576151122836711310174
Cash Conversion Cycle211200221207235249256304366444367408
Working Capital Days145150157153170190220222250339276268
ROCE %13%12%13%13%12%9%8%9%7%3%2%13%

Bhartiya International Ltd Financial Efficiency Indicators Chart

Bhartiya International Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters57.38%57.38%57.36%57.36%57.36%57.36%57.36%57.36%57.36%57.36%57.36%57.35%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%8.64%8.61%8.53%
DIIs8.55%8.55%8.65%8.65%8.65%8.65%8.64%8.64%8.64%0.00%0.00%0.00%
Government0.42%0.42%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public33.65%33.65%34.00%34.00%34.00%34.00%34.00%33.99%34.00%34.00%34.03%34.13%
No. of Shareholders4,6194,9345,6865,6926,5176,5316,6906,4236,2396,1226,4376,157

Bhartiya International Ltd Shareholding Pattern Chart

No. of Bhartiya International Ltd Shareholders

This stock is not held by any mutual fund

Bhartiya International Ltd ROCE Trend

Bhartiya International Ltd EPS Trend

Bhartiya International Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)50.98-13.33-4.8317.6716.25
Diluted EPS (Rs.)50.91-13.33-4.8217.6116.11
Cash EPS (Rs.)32.4831.8810.6828.4622.22
Book Value[Excl.RevalReserv]/Share (Rs.)317.74264.81278.89284.18323.89
Book Value[Incl.RevalReserv]/Share (Rs.)317.74264.81278.89284.18323.89
Revenue From Operations / Share (Rs.)654.21568.12449.41590.64613.40
PBDIT / Share (Rs.)67.3955.4230.4752.4555.09
PBIT / Share (Rs.)46.7335.9122.0044.2748.42
PBT / Share (Rs.)16.6716.852.4423.8523.38
Net Profit / Share (Rs.)11.8112.372.2120.2815.55
NP After MI And SOA / Share (Rs.)51.29-13.54-5.0417.4316.23
PBDIT Margin (%)10.309.756.778.878.98
PBIT Margin (%)7.146.324.897.497.89
PBT Margin (%)2.542.960.544.033.81
Net Profit Margin (%)1.802.170.493.432.53
NP After MI And SOA Margin (%)7.84-2.38-1.122.952.64
Return on Networth / Equity (%)16.19-5.11-1.806.135.02
Return on Capital Employeed (%)9.988.675.6212.8612.61
Return On Assets (%)6.18-1.75-0.682.352.15
Long Term Debt / Equity (X)0.420.510.360.170.15
Total Debt / Equity (X)1.281.461.211.250.95
Asset Turnover Ratio (%)0.810.600.470.680.74
Current Ratio (X)1.661.671.561.381.41
Quick Ratio (X)0.470.610.570.490.52
Inventory Turnover Ratio (X)0.700.730.500.790.93
Dividend Payout Ratio (NP) (%)0.000.000.008.308.97
Dividend Payout Ratio (CP) (%)0.000.000.005.656.36
Earning Retention Ratio (%)0.000.000.0091.7091.03
Cash Earning Retention Ratio (%)0.000.000.0094.3593.64
Interest Coverage Ratio (X)2.242.911.562.572.20
Interest Coverage Ratio (Post Tax) (X)1.391.651.111.991.62
Enterprise Value (Cr.)667.46700.68581.03461.61663.87
EV / Net Operating Revenue (X)0.831.011.060.640.88
EV / EBITDA (X)8.1110.3615.637.219.88
MarketCap / Net Operating Revenue (X)0.250.440.380.120.44
Retention Ratios (%)0.000.000.0091.6991.02
Price / BV (X)0.520.940.610.260.84
Price / Net Operating Revenue (X)0.250.440.380.120.44
EarningsYield0.30-0.05-0.020.230.05

Bhartiya International Ltd Profitability Ratios (%)

Bhartiya International Ltd Liquidity Ratios

Bhartiya International Ltd Liquidity Ratios (%)

Bhartiya International Ltd Interest Coverage Ratios (%)

Bhartiya International Ltd Valuation Ratios

Fair Value

Fair Value: ₹608.93

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: 31.80% compared to the current price ₹462

Intrinsic Value: ₹753.92

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: 63.19% compared to the current price ₹462

Last 5 Year EPS CAGR: 23.81%

*Investments are subject to market risks

Strength and Weakness of Bhartiya International Ltd Stock

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 9.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 211.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 289.00, which may not be favorable.
  4. The company has higher borrowings (321.15) compared to reserves (267.46), which may suggest financial risk.

FAQ

What is the latest fair value of Bhartiya International Ltd?

The latest fair value of Bhartiya International Ltd is ₹608.93.

What is the Market Cap of Bhartiya International Ltd?

The Market Cap of Bhartiya International Ltd is 564 Cr..

What is the current Stock Price of Bhartiya International Ltd as on 30 May 2024?

The current stock price of Bhartiya International Ltd as on 30 May 2024 is ₹462.

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

In FY 2024, the High / Low of Bhartiya International Ltd stocks is 475/172.

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

The Stock P/E of Bhartiya International Ltd is 10.6.

What is the Book Value of Bhartiya International Ltd?

The Book Value of Bhartiya International Ltd is 320.

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 13.4 %.

What is the ROE of Bhartiya International Ltd?

The ROE of Bhartiya International Ltd is 17.6 %.

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