Bhartiya International
BIL NSE
Bhartiya International
Consumer GoodsNSE: BIL BSE: 526666 Leather Products
Key Fundamentals
MicrocapLeather ProductsConsumer GoodsMarket Cap
₹1,406 Cr
Volatility
High Risk
P/E Ratio
56.21
EBITDA
₹103 Cr
Return on Equity
3.48%
Debt to Equity
1.11
Book Value
₹363.38
52W High
₹1,150
52W Low
₹602
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
4- Stock is trading at 2.95 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 2.30% over last 3 years.
Growth Rate
Revenue Growth
31.37% higher than
3Y
Net Income Growth
-18.65% higher than
3Y
Cash Flow Change
-32.66% lower than
3Y
ROE
—
ROCE
37.58% higher than
3Y
EBITDA Margin (Avg.)
-17.43% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 172 | 228 | 198 | 180 | 229 | 296 | 263 | 241 | 280 | 399 | 366 | 313 | 373 |
| Expenses | 159 | 202 | 184 | 166 | 217 | 267 | 246 | 222 | 254 | 364 | 337 | 300 | 337 |
| Operating Profit | 13 | 26 | 14 | 14 | 12 | 28 | 17 | 19 | 26 | 35 | 29 | 13 | 36 |
| OPM % | 8% | 11% | 7% | 8% | 5% | 10% | 7% | 8% | 9% | 9% | 8% | 4.2% | 10% |
| Other Income | 1 | 1 | 1 | 5 | 1 | 2 | 1 | 16 | 1 | 0 | 1 | 1 | 3 |
| Interest | 10 | 11 | 10 | 11 | 10 | 12 | 12 | 11 | 12 | 13 | 13 | 12 | 12 |
| Depreciation | 7 | 6 | 7 | 6 | 6 | 6 | 7 | 6 | 6 | 6 | 6 | 7 | 4 |
| PBT | -2 | 10 | -2 | 2 | -4 | 12 | 0 | 17 | 9 | 16 | 10 | -6 | 23 |
| Tax % | 59% | 42% | 56% | 17% | 46% | 35% | 685% | 10% | 36% | 39% | 35% | 43% | 23% |
| Net Profit | -4 | 6 | -3 | 1 | -5 | 8 | -2 | 15 | 6 | 10 | 7 | -9 | 18 |
| EPS in Rs | -2.89 | 4.58 | -2.66 | 1.16 | -4.44 | 6.29 | -1.24 | 11.49 | 4.3 | 7.4 | 5 | -6.55 | 13.24 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 558 | 622 | 642 | 711 | 748 | 721 | 548 | 694 | 799 | 778 | 1,029 | 1,358 | 1,451 |
| Expenses | 508 | 569 | 598 | 661 | 688 | 661 | 521 | 684 | 712 | 700 | 928 | 1,240 | 1,338 |
| Operating Profit | 50 | 53 | 44 | 49 | 60 | 60 | 28 | 10 | 87 | 78 | 101 | 118 | 113 |
| OPM % | 9% | 9% | 7% | 7% | 8% | 8% | 5% | 1.4% | 11% | 10% | 10% | 9% | 8% |
| Other Income | -1 | -2 | 6 | 7 | 13 | 4 | 5 | 32 | 52 | 7 | 6 | 2 | 5 |
| Interest | 13 | 13 | 18 | 23 | 35 | 29 | 28 | 29 | 45 | 52 | 56 | 64 | 50 |
| Depreciation | 6 | 6 | 6 | 7 | 8 | 10 | 10 | 24 | 25 | 26 | 26 | 27 | 25 |
| PBT | 30 | 32 | 26 | 26 | 29 | 26 | -6 | -11 | 68 | 7 | 25 | 29 | 43 |
| Tax % | 28% | 29% | 31% | 33% | 33% | 17% | 5% | 49% | 9% | 97% | 37% | 54% | — |
| Net Profit | 21 | 25 | 18 | 17 | 20 | 21 | -6 | -17 | 63 | 0 | 16 | 13 | 26 |
| EPS in Rs | 18.73 | 21.09 | 15.37 | 14.34 | 16.23 | 17.43 | -5.04 | -13.54 | 51.29 | 0.18 | 12.06 | 10.02 | 19.09 |
| Div. Payout % | 5% | 6% | 8% | 8% | 7% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 13 | 13 |
| Reserves | 166 | 211 | 254 | 363 | 383 | 335 | 328 | 311 | 376 | 378 | 436 | 474 |
| Borrowings | 204 | 222 | 265 | 348 | 383 | 441 | 437 | 478 | 501 | 517 | 479 | 542 |
| Other Liabilities | 92 | 100 | 88 | 187 | 140 | 117 | 126 | 142 | 123 | 190 | 244 | 329 |
| Total Liabilities | 473 | 544 | 619 | 910 | 917 | 904 | 903 | 943 | 1,012 | 1,097 | 1,172 | 1,358 |
| Fixed Assets | 67 | 75 | 87 | 97 | 114 | 125 | 187 | 194 | 199 | 179 | 159 | 150 |
| CWIP | 6 | 9 | 8 | 25 | 10 | 11 | 8 | 8 | 0 | 1 | 3 | 12 |
| Investments | 38 | 38 | 43 | 127 | 123 | 47 | 38 | 6 | 54 | 43 | 44 | 27 |
| Other Assets | 362 | 422 | 481 | 661 | 670 | 721 | 669 | 735 | 758 | 873 | 966 | 1,170 |
| Total Assets | 473 | 544 | 619 | 910 | 917 | 904 | 903 | 943 | 1,012 | 1,097 | 1,172 | 1,358 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -21 | -12 | -2 | -56 | 8 | -7 | 26 | 46 | 12 | 66 | 44 | 19 |
| Investing | -8 | -14 | -21 | -28 | -1 | -12 | -24 | -46 | -22 | -21 | -14 | -19 |
| Financing | 22 | 23 | 45 | 65 | 3 | 31 | -35 | 16 | -14 | -26 | -45 | 20 |
| Net Cash Flow | -7 | -2 | 22 | -20 | 10 | 12 | -32 | 16 | -25 | 18 | -15 | 20 |
| Free Cash Flow | -33 | -29 | -24 | -90 | -3 | -18 | 9 | 18 | -10 | 59 | 37 | 0 |
| CFO/OP | -29 | -3 | 19 | -101 | 25 | 0 | 112 | 515 | 15 | 94 | 50 | 25 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 53 | 52 | 98 | 60 | 64 | 93 | 68 | 59 | 68 | 67 | 73 |
| Inventory Days | 204 | 243 | 248 | 280 | 327 | 369 | 464 | 401 | 423 | 496 | 372 | 309 |
| Days Payable | 57 | 61 | 51 | 122 | 83 | 67 | 113 | 101 | 74 | 134 | 121 | 120 |
| Cash Conversion Cycle | 207 | 235 | 249 | 256 | 304 | 366 | 444 | 367 | 408 | 429 | 317 | 262 |
| Working Capital Days | 44 | 62 | 59 | 70 | 68 | 61 | 134 | 115 | 115 | 89 | 83 | 81 |
| ROCE % | 13% | 12% | 9% | 8% | 9% | 7% | 3% | 2% | 13% | 7% | 9% | 10% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Bhartiya International insights
59 extracted metrics + investor summaries across FY11–FY26.
Documents
1
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Submitted Regulation 74(5) dematerialization compliance certificate for quarter ended 31 March 2026. 10 Apr - Submitted Regulation 74(5) dematerialization compliance certificate for quarter ended 31 March 2026.
2
Announcement under Regulation 30 (LODR)-Change in Management
6 Apr - Dr. G N Venkatesha Babu appointed Group Chief Executive Officer effective 6 April 2026. 6 Apr - Dr. G N Venkatesha Babu appointed Group Chief Executive Officer effective 6 April 2026.
3
Closure of Trading Window
26 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited Q4/FY2026 results; board date pending. 26 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited Q4/FY2026 results; board date pending.
4
Announcement under Regulation 30 (LODR)-Credit Rating
21 Feb - India Ratings assigned IND BBB/Stable and IND A2 to Bhartiya International; off-watch with negative implications (20 Feb 2026). 21 Feb - India Ratings assigned IND BBB/Stable and IND A2 to Bhartiya International; off-watch with negative implications (20 Feb 2026).
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Newspaper publication - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 16 Feb - Newspaper publication - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
Frequently Asked Questions about Bhartiya International
What does Bhartiya International Ltd do?
Incorporated in 1983, Bhartiya International Ltd is in the business of manufacturing and trading of leather products and textile products.[1]
Where is Bhartiya International Ltd (BIL) listed?
Bhartiya International Ltd trades as BIL on the NSE and under code 526666 on the BSE.
Which sector does Bhartiya International Ltd belong to?
Bhartiya International Ltd is classified under the Consumer Goods sector, in the Leather Products industry.
What is the market capitalisation of Bhartiya International Ltd?
Bhartiya International Ltd has a market capitalisation of ₹1,406 Cr, which places it in the Small Cap band.
What is the PE ratio of Bhartiya International Ltd?
Bhartiya International Ltd trades at a PE ratio of 56.21, against a book value of ₹363.38 per share.
What is the 52-week high and low of Bhartiya International Ltd?
Over the last 52 weeks Bhartiya International Ltd has traded between ₹602 and ₹1,150.
What is the Return on Equity (ROE) of Bhartiya International Ltd?
Bhartiya International Ltd reported a return on equity of 3.48%. Its debt-to-equity ratio is 1.11.
Company Information
Incorporated in 1983, Bhartiya International Ltd is in the business of manufacturing and trading of leather products and textile products.[1]
Website bhartiya.com
CEO Mr. Snehdeep Aggarwal
Employees 508
Listed 2000-04-12
Face Value ₹ 10
Issued Size 1,34,10,411
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