Bhandari Hosiery Exports Ltd (IN:BHANDARI)
:BHANDARI
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Bhandari Hosiery Exports Ltd
(BHANDARI)
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Rating:52Neutral
Price Target:
₹3.50
▼(-16.27% Downside)
Action:Reiterated
Date:05/31/26
The score is mainly held back by weak cash-flow quality (negative operating and free cash flow in the last two years) and thin margins, despite improved leverage. Technicals are mixed-to-soft, while valuation is somewhat supportive due to a low P/E.
Positive Factors
Improved leverage
Debt-to-equity falling to ~0.58x materially reduces balance-sheet risk and increases financial flexibility. With a sizable rise in equity over time, the firm is structurally better positioned to absorb demand shocks, refinance less expensively, and fund capex or working-capital needs over the medium term.
Negative Factors
Negative cash generation
Operating and free cash flow turning negative in consecutive years signals weak cash conversion and working-capital pressure. Persistent negative cash generation constrains reinvestment, increases reliance on external financing or equity, and raises liquidity risk even with improved leverage if cash flows don't normalize.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
Debt-to-equity falling to ~0.58x materially reduces balance-sheet risk and increases financial flexibility. With a sizable rise in equity over time, the firm is structurally better positioned to absorb demand shocks, refinance less expensively, and fund capex or working-capital needs over the medium term.
Read all positive factors
Bhandari Hosiery Exports Ltd (BHANDARI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.33B
Dividend Yield0.51%
Average Volume (3M)36.28K
Price to Earnings (P/E)12.5
Beta (1Y)1.13
Revenue Growth0.64%
EPS Growth-10.77%
CountryIN
Employees339
SectorConsumer Defensive
Sector Strength42
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.35
Shares Outstanding432,089,400
10 Day Avg. Volume23,916
30 Day Avg. Volume36,284
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)0.37
Price to Sales (P/S)0.24
P/FCF Ratio-7.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bhandari Hosiery Exports Ltd Business Overview & Revenue Model
Company Description
Bhandari Hosiery Exports Limited, an Indian enterprise established in 1993 and headquartered in Ludhiana, specializes in the production and distribution of textile goods. The company manufactures and globally ships a diverse array of knitted appar...
How the Company Makes Money
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Bhandari Hosiery Exports Ltd Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.83B | 2.80B | 2.79B | 2.67B | 2.83B | 2.83B |
| Gross Profit | 759.26M | 626.35M | 598.03M | 661.28M | 708.07M | 483.91M |
| EBITDA | 283.44M | 276.54M | 284.18M | 246.21M | 234.40M | 226.56M |
| Net Income | 83.60M | 77.68M | 77.13M | 65.33M | 65.06M | 62.70M |
Balance Sheet | ||||||
| Total Assets | 2.83B | 3.18B | 2.76B | 2.51B | 2.17B | 2.18B |
| Cash, Cash Equivalents and Short-Term Investments | 93.37M | 191.45M | 4.29M | 6.38M | 15.01M | 28.54M |
| Total Debt | 1.02B | 1.06B | 1.02B | 1.22B | 1.04B | 1.14B |
| Total Liabilities | 1.26B | 1.34B | 1.22B | 1.51B | 1.30B | 1.36B |
| Stockholders Equity | 1.56B | 1.83B | 1.53B | 995.87M | 871.23M | 815.54M |
Cash Flow | ||||||
| Free Cash Flow | 10.24M | -87.23M | -270.08M | -152.78M | 90.56M | 15.08M |
| Operating Cash Flow | 27.99M | -70.02M | -251.51M | 159.64M | 121.10M | 29.98M |
| Investing Cash Flow | -16.77M | -17.21M | -23.38M | -292.30M | -26.97M | 12.06M |
| Financing Cash Flow | -8.91M | 274.39M | 272.80M | 124.03M | -90.43M | -50.83M |
Bhandari Hosiery Exports Ltd Technical Analysis
Negative
4.18
Price Trends
3.24
Negative
3.15
Negative
3.53
Negative
Market Momentum
-0.05
Positive
43.85
Neutral
44.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHANDARI, the sentiment is Negative. The current price of 4.18 is above the 20-day moving average (MA) of 3.13, above the 50-day MA of 3.24, and above the 200-day MA of 3.53, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 43.85 is Neutral, neither overbought nor oversold. The STOCH value of 44.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BHANDARI.
Bhandari Hosiery Exports Ltd Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ₹842.16M | 8.44 | ― | ― | -16.52% | -33.29% | |
55 Neutral | ₹1.11B | 50.80 | ― | ― | -10.29% | 33.99% | |
52 Neutral | ₹1.33B | 12.54 | ― | 0.51% | 0.64% | -10.77% | |
50 Neutral | ₹1.04B | -1.37 | ― | ― | -37.08% | -41.67% | |
44 Neutral | ₹1.44B | 92.29 | ― | 0.36% | -10.32% | -50.09% | |
43 Neutral | ₹764.02M | 122.05 | ― | ― | -10.40% | -86.27% |
* Consumer Defensive Sector Average
IN:BHANDARI
Bhandari Hosiery Exports Ltd
3.07
-1.49
-32.70%
IN:FIBERWEB
Fiberweb (India) Limited
29.25
-20.29
-40.96%
IN:LOYALTEX
Loyal Textile Mills Limited
215.00
-75.85
-26.08%
IN:PIONEEREMB
Pioneer Embroideries Limited
24.80
-17.72
-41.67%
IN:SALONA
Salona Cotspin Limited
273.00
33.99
14.22%
IN:ZENITHEXPO
Zenith Exports Limited
205.00
-62.00
-23.22%
Bhandari Hosiery Exports Ltd Corporate Events
Bhandari Hosiery Exports Files Monitoring Report on Rights Issue Proceeds
May 7, 2026
Bhandari Hosiery Exports Limited has reported that its Audit Committee and Board have reviewed and approved the Monitoring Agency Report on the utilisation of proceeds from its recent rights issue. The report, prepared by Crisil Ratings Limited fo...
Bhandari Hosiery Closes Trading Window Ahead of FY26 Results
Mar 26, 2026
Bhandari Hosiery Exports Ltd has announced the closure of its trading window for promoters, directors, connected and designated persons, and their immediate relatives from April 1, 2026, in line with SEBI’s insider trading regulations. The w...
Bhandari Hosiery Exports Raises Equity Capital via Rights Issue Allotment
Mar 23, 2026
Bhandari Hosiery Exports Limited has completed the allotment of 929,06,781 equity shares under its rights issue, priced at Rs. 2.56 per share including a premium, following the basis of allotment finalized with BSE and the registrar. As a result, ...
Bhandari Hosiery Exports Boosts Equity Base with Major Rights Issue Allotment
Mar 23, 2026
Bhandari Hosiery Exports Ltd has approved the allotment of 92,906,781 equity shares through a rights issue at a price of Rs 2.56 per share, including a premium of Rs 1.56, following the basis of allotment finalized in consultation with BSE and the...
Bhandari Hosiery Exports boosts equity base with rights issue allotment
Mar 23, 2026
Bhandari Hosiery Exports Ltd has approved the allotment of 92,906,781 equity shares under its rights issue at a price of Rs 2.56 per share, including a share premium, as per the finalized basis of allotment. Following this issuance, the company...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.