Bhatia Communications & Retail (India) Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Bhatia Communications & Retail (India) Ltd?

Bhatia Communications & Retail (India) Ltd is trading at 21.30 as of 18 April 2026, with a FY2026-2027 high of 33.6 and low of 18.0. The stock is currently near its 52-week low. Market cap stands at 299 Cr..

Q: Is Bhatia Communications & Retail (India) Ltd financially healthy?

Key indicators: ROCE of 21.8 % indicates efficient capital utilization. Dividend yield is 0.19 %.

Fair Value

₹22.70Fairly Valued by 6.57%vs CMP ₹21.30

P/E (19.7) × ROE (17.9%) × BV (₹8.03) × DY (0.19%)

₹17.50Overvalued by 17.84%vs CMP ₹21.30

MoS: -21.7% (Negative)Confidence: 57/100 (Moderate)Models: 3 Under, 7 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹27.95	21%	Under (+31.2%)
Graham Number	Earnings	₹14.66	15%	Over (-31.2%)
Earnings Power	Earnings	₹4.43	10%	Over (-79.2%)
DCF	Cash Flow	₹23.72	10%	Under (+11.4%)
Net Asset Value	Assets	₹7.48	7%	Over (-64.9%)
EV/EBITDA	Enterprise	₹13.18	9%	Over (-38.1%)
Dividend Discount	Dividends	₹27.50	9%	Under (+29.1%)
Earnings Yield	Earnings	₹11.90	7%	Over (-44.1%)
ROCE Capital	Returns	₹11.32	7%	Over (-46.9%)
Revenue Multiple	Revenue	₹15.74	5%	Over (-26.1%)
Consensus (10 models)		₹17.50	100%	Overvalued

Key Drivers: Wide model spread (₹4–₹28) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 23.2%

*Investments are subject to market risks

Investment Snapshot

Bhatia Communications & Retail (India) Ltd scores 75/100 (Strong)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health87/100 · Strong

ROCE 21.8% ExcellentROE 17.9% GoodD/E 0.26 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money55/100 · Moderate

FII holding up 7.06% (6mo) AccumulatingPromoter decreased by 1.77% Caution

Earnings Quality65/100 · Strong

OPM expanding (0% → 4%) Improving

Quarterly Momentum78/100 · Strong

Revenue (4Q): +21% YoY AcceleratingProfit (4Q): +9% YoY Positive

Industry Rank75/100 · Strong

P/E 19.7 vs industry 36.8 Cheaper than peersROCE 21.8% vs industry 20.5% Average3Y sales CAGR: 24% High growth

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, 4:14 am

Market Cap	299 Cr.
Current Price	21.3
Intrinsic Value	₹17.50
High / Low	33.6/18.0
Stock P/E	19.7
Book Value	8.03
Dividend Yield	0.19 %
ROCE	21.8 %
ROE	17.9 %
Face Value	1.00
PEG Ratio	0.85

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Bhatia Communications & Retail (India) Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Bhatia Communications & Retail (India) Ltd	299 Cr.	21.3	33.6/18.0	19.7	8.03	0.19 %	21.8 %	17.9 %	1.00
Aditya Vision Ltd	6,044 Cr.	468	599/328	53.8	49.5	0.24 %	19.1 %	20.3 %	1.00
Industry Average	3,171.50 Cr	244.65		36.75	28.77	0.22%	20.45%	19.10%	1.00

All Competitor Stocks of Bhatia Communications & Retail (India) Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	97.04	82.36	97.07	94.36	116.79	93.91	104.82	107.32	126.81	103.77	111.54	134.34	175.45
Expenses	94.05	85.53	97.80	96.95	112.75	89.46	99.56	101.96	121.46	99.85	105.92	128.74	168.09
Operating Profit	2.99	-3.17	-0.73	-2.59	4.04	4.45	5.26	5.36	5.35	3.92	5.62	5.60	7.36
OPM %	3.08%	-3.85%	-0.75%	-2.74%	3.46%	4.74%	5.02%	4.99%	4.22%	3.78%	5.04%	4.17%	4.19%
Other Income	1.34	7.82	6.14	6.50	0.22	0.41	0.34	0.38	0.53	0.72	0.65	0.65	0.67
Interest	0.70	0.57	0.39	0.23	0.56	0.43	0.46	0.38	0.68	0.24	0.64	0.85	0.75
Depreciation	0.34	0.23	0.34	0.35	0.38	0.38	0.43	0.45	0.48	0.43	0.85	0.66	0.72
Profit before tax	3.29	3.85	4.68	3.33	3.32	4.05	4.71	4.91	4.72	3.97	4.78	4.74	6.56
Tax %	25.23%	25.45%	23.50%	25.83%	25.30%	26.42%	22.72%	25.46%	23.94%	26.45%	24.90%	21.31%	25.15%
Net Profit	2.46	2.86	3.57	2.47	2.49	2.98	3.65	3.66	3.58	2.93	3.58	3.73	4.91
EPS in Rs	0.20	0.23	0.29	0.20	0.20	0.24	0.29	0.29	0.29	0.23	0.29	0.29	0.38

Last Updated: March 3, 2026, 11:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 1:40 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	99	104	90	124	155	165	168	173	233	342	414	442	525
Expenses	103	109	95	132	160	172	177	182	242	330	397	423	503
Operating Profit	-4	-5	-5	-7	-5	-7	-9	-9	-9	12	17	20	22
OPM %	-4%	-5%	-6%	-6%	-3%	-4%	-5%	-5%	-4%	4%	4%	4%	4%
Other Income	5	7	6	9	12	16	19	17	18	2	2	2	3
Interest	0	0	0	1	1	1	1	1	1	2	2	2	2
Depreciation	0	0	0	1	1	1	1	1	1	1	1	2	3
Profit before tax	1	1	0	1	5	7	7	5	7	11	15	18	20
Tax %	31%	35%	30%	32%	34%	30%	26%	29%	26%	25%	25%	25%
Net Profit	0	0	0	1	4	5	5	4	5	8	12	14	15
EPS in Rs	0.34	0.33	0.30	0.51	0.29	0.40	0.43	0.30	0.42	0.68	0.92	1.10	1.19
Dividend Payout %	0%	0%	0%	0%	0%	0%	93%	17%	0%	7%	1%	4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	300.00%	25.00%	0.00%	-20.00%	25.00%	60.00%	50.00%	16.67%
Change in YoY Net Profit Growth (%)	0.00%	-275.00%	-25.00%	-20.00%	45.00%	35.00%	-10.00%	-33.33%

Bhatia Communications & Retail (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	16%
5 Years:	21%
3 Years:	24%
TTM:	10%

Compounded Profit Growth
10 Years:	45%
5 Years:	21%
3 Years:	38%
TTM:	19%

Stock Price CAGR
10 Years:	%
5 Years:	33%
3 Years:	-8%
1 Year:	21%

Return on Equity
10 Years:	16%
5 Years:	16%
3 Years:	18%
Last Year:	18%

Last Updated: September 5, 2025, 2:41 pm

Balance Sheet

Last Updated: March 3, 2026, 12:38 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	0.52	0.52	0.52	0.52	6	13	13	13	13	13	13	13	13
Reserves	2	2	3	3	22	21	26	29	34	42	54	76	92
Borrowings	4	3	2	4	2	6	11	11	15	19	21	8	35
Other Liabilities	11	12	13	17	16	13	15	17	21	21	30	34	42
Total Liabilities	17	18	18	25	46	52	65	69	82	95	117	131	182
Fixed Assets	2	3	3	5	6	7	7	7	8	8	10	13	26
CWIP	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Investments	-0	-0	-0	-0	-0	-0	15	-0	-0	-0	-0	-0	19
Other Assets	15	16	15	20	40	45	43	62	75	87	107	118	137
Total Assets	17	18	18	25	46	52	65	69	82	95	117	131	182

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	2	-1	6	8	2	-1	8	5	5
Cash from Investing Activity +	-2	-6	-4	-20	-2	-2	-0	-1	-8
Cash from Financing Activity +	-1	20	-1	-0	-3	3	1	1	-6
Net Cash Flow	-0	13	2	-12	-3	0	9	5	-9
Free Cash Flow	0	-2	4	7	1	-3	6	2	1
CFO/OP	-36%	-27%	-115%	-110%	-37%	-13%	89%	53%	46%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-8.00	-8.00	-7.00	-11.00	-7.00	-13.00	-20.00	-20.00	-24.00	-7.00	-4.00	12.00

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	13	12	12	15	11	12	13	10	8	6	5	4
Inventory Days	31	34	37	38	38	37	49	62	65	52	50	59
Days Payable	39	43	53	50	33	23	25	20	20	11	13	12
Cash Conversion Cycle	5	4	-4	3	16	26	37	53	54	47	43	52
Working Capital Days	1	-1	-2	-3	17	20	23	37	38	27	29	49
ROCE %	19%	15%	16%	22%	33%	22%	20%	13%	15%	20%	21%	22%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	73.65%	73.66%	73.66%	73.85%	73.85%	73.88%	73.88%	73.88%	73.88%	74.06%	71.22%	69.45%
FIIs	0.00%	0.00%	0.00%	0.08%	0.08%	0.08%	0.08%	0.08%	0.48%	0.48%	4.30%	7.54%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.16%	0.35%	0.43%
Public	26.36%	26.35%	26.35%	26.07%	26.07%	26.03%	26.06%	26.04%	25.65%	25.31%	24.14%	22.57%
No. of Shareholders	16,303	18,056	19,770	22,680	22,823	22,779	22,827	22,608	22,104	21,714	20,922	20,561

Shareholding Pattern Chart

No. of Shareholders

Bhatia Communications & Retail (India) 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

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00	10.00
Basic EPS (Rs.)	1.10	0.92	0.68	0.42	2.99
Diluted EPS (Rs.)	0.98	0.92	0.68	0.42	2.99
Cash EPS (Rs.)	1.25	1.04	0.77	0.51	3.79
Book Value[Excl.RevalReserv]/Share (Rs.)	7.08	5.28	4.36	3.69	32.82
Book Value[Incl.RevalReserv]/Share (Rs.)	7.08	5.28	4.36	3.69	32.82
Dividend / Share (Rs.)	0.04	0.01	0.00	0.00	0.50
Revenue From Operations / Share (Rs.)	35.37	33.06	25.05	18.66	138.17
PBDIT / Share (Rs.)	1.75	1.47	1.18	0.76	6.11
PBIT / Share (Rs.)	1.60	1.36	1.09	0.67	5.31
PBT / Share (Rs.)	1.46	1.23	0.90	0.56	4.24
Net Profit / Share (Rs.)	1.10	0.92	0.67	0.42	2.99
PBDIT Margin (%)	4.93	4.45	4.72	4.09	4.42
PBIT Margin (%)	4.53	4.10	4.33	3.59	3.84
PBT Margin (%)	4.13	3.71	3.60	3.03	3.07
Net Profit Margin (%)	3.12	2.78	2.70	2.25	2.16
Return on Networth / Equity (%)	15.60	17.42	15.55	11.40	9.11
Return on Capital Employeed (%)	18.28	20.61	21.29	15.39	13.62
Return On Assets (%)	10.55	9.54	8.93	6.39	5.42
Long Term Debt / Equity (X)	0.00	0.01	0.01	0.03	0.03
Total Debt / Equity (X)	0.09	0.32	0.34	0.32	0.26
Asset Turnover Ratio (%)	3.52	3.84	3.53	3.08	2.58
Current Ratio (X)	4.15	2.25	2.16	1.93	1.99
Quick Ratio (X)	1.14	0.89	0.71	0.46	0.56
Inventory Turnover Ratio (X)	7.67	0.00	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	3.62	0.00	0.00	0.00	35.24
Dividend Payout Ratio (CP) (%)	3.20	0.00	0.00	0.00	27.78
Earning Retention Ratio (%)	96.38	0.00	0.00	0.00	64.76
Cash Earning Retention Ratio (%)	96.80	0.00	0.00	0.00	72.22
Interest Coverage Ratio (X)	12.47	11.46	6.51	7.24	5.74
Interest Coverage Ratio (Post Tax) (X)	8.88	8.15	4.73	4.99	3.81
Enterprise Value (Cr.)	303.59	266.07	221.03	303.75	94.23
EV / Net Operating Revenue (X)	0.68	0.64	0.70	1.30	0.54
EV / EBITDA (X)	13.89	14.43	14.93	31.81	12.32
MarketCap / Net Operating Revenue (X)	0.68	0.62	0.67	1.24	0.49
Retention Ratios (%)	96.37	0.00	0.00	0.00	64.75
Price / BV (X)	3.41	3.94	3.90	6.28	2.07
Price / Net Operating Revenue (X)	0.68	0.62	0.67	1.24	0.49
EarningsYield	0.04	0.04	0.03	0.01	0.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bhatia Communications & Retail (India) Ltd. is a Public Limited Listed company incorporated on 25/03/2008 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L32109GJ2008PLC053336 and registration number is 053336. Currently Company is involved in the business activities of Retail sale of telecommunication equipment. Company's Total Operating Revenue is Rs. 442.72 Cr. and Equity Capital is Rs. 12.52 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Retail - Speciality - Non Apparel	No: 132, Dr. Ambedkar Shopping Centre, Surat Gujarat 395002	Contact not found

Management
Name	Position Held
Mr. Sanjeev Harbanslal Bhatia	Chairperson & Managing Director
Mr. Nikhil Harbanslal Bhatia	Whole Time Director
Mrs. Kamleshkumari Harbanslal Bhatia	Non Exe.Non Ind.Director
Mr. Aript Arunkumar Jain	Independent Director
Mr. Rachit Naresh Narang	Independent Director
Mrs. Rashmi Kapil Arora	Independent Director

FAQ

What is the intrinsic value of Bhatia Communications & Retail (India) Ltd and is it undervalued?

As of 18 April 2026, Bhatia Communications & Retail (India) Ltd's intrinsic value is ₹17.50, which is 17.84% lower than the current market price of ₹21.30, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (17.9 %), book value (₹8.03), dividend yield (0.19 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bhatia Communications & Retail (India) Ltd?

Bhatia Communications & Retail (India) Ltd is trading at ₹21.30 as of 18 April 2026, with a FY2026-2027 high of ₹33.6 and low of ₹18.0. The stock is currently near its 52-week low. Market cap stands at ₹299 Cr..

How does Bhatia Communications & Retail (India) Ltd's P/E ratio compare to its industry?

Bhatia Communications & Retail (India) Ltd has a P/E ratio of 19.7, which is below the industry average of 36.75. This is broadly in line with or below the industry average.

Is Bhatia Communications & Retail (India) Ltd financially healthy?

Key indicators for Bhatia Communications & Retail (India) Ltd: ROCE of 21.8 % indicates efficient capital utilization; ROE of 17.9 % shows strong shareholder returns. Dividend yield is 0.19 %.

Is Bhatia Communications & Retail (India) Ltd profitable and how is the profit trend?

Bhatia Communications & Retail (India) Ltd reported a net profit of ₹14 Cr in Mar 2025 on revenue of ₹442 Cr. Compared to ₹5 Cr in Mar 2022, the net profit shows an improving trend.

Does Bhatia Communications & Retail (India) Ltd pay dividends?

Bhatia Communications & Retail (India) Ltd has a dividend yield of 0.19 % at the current price of ₹21.30. The company pays dividends, though the yield is modest.