Bhandari Hosiery Exports Ltd (BHANDARI) AI Stock Analysis

• Market Cap: ₹969.80M
• Dividend Yield: 0.51%
• Average Volume (3M): 36.28K
• Price to Earnings (P/E): 11.6
• Beta (1Y): 1.40
• Revenue Growth: 2.92%
• EPS Growth: -0.09%
• Country: IN
• Employees: 339
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.09
• Shares Outstanding: 240,049,650
• 10 Day Avg. Volume: 23,916
• 30 Day Avg. Volume: 36,284
• PEG Ratio: -0.70
• Price to Book (P/B): 0.79
• Price to Sales (P/S): 0.43
• P/FCF Ratio: -4.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: ₹4.50 ▲(7.66% Upside)

The overall stock score of 60 reflects stable financial performance and reasonable valuation, offset by bearish technical indicators. The company's strong equity position and improved profitability are positive factors, but high debt levels and negative market momentum are concerns.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a stable demand for products, supporting long-term business sustainability and market presence.

Profitability Improvement

Improved profitability reflects efficient cost management and operational effectiveness, enhancing long-term financial health.

Equity Position

A strong equity base provides financial stability, reducing reliance on debt and supporting future growth initiatives.

Negative Factors

High Debt Levels

Elevated debt levels can increase financial risk, potentially impacting the company's ability to invest in growth opportunities.

Cash Flow Challenges

Negative free cash flow suggests difficulties in funding operations and investments, which could hinder long-term growth.

EPS Decline

Declining EPS growth indicates potential challenges in profitability, which may affect investor confidence and future earnings potential.

Bhandari Hosiery Exports Ltd Business Overview & Revenue Model

Company Description

Bhandari Hosiery Exports Limited manufactures and sells textile products in India. The company manufactures and exports knitted hosiery garments, such as T-shirts, pullovers, sweatshirts, bermudas, polo shirts, track suits, pajamas, lowers, ladies knitted tops with embroidery and prints, etc.; and manufactures, processes, and trades in dyed and non-dyed fabrics. It exports its products to the United States, Germany, Dubai, the United Kingdom, and the European Union. The company was incorporated in 1993 and is based in Ludhiana, India.

How the Company Makes Money

Bhandari Hosiery Exports Ltd generates revenue primarily through the export of its hosiery products to various global markets. The company's revenue model is based on direct sales to wholesalers, retailers, and brands that require quality knitted garments and hosiery items. Key revenue streams include bulk orders from large retail chains and partnerships with international brands, which provide consistent demand for their products. Additionally, the company may benefit from economies of scale due to its production capabilities, allowing it to offer competitive pricing. Strategic partnerships with suppliers and logistics providers also play a crucial role in optimizing operational efficiency and reducing costs, further enhancing profit margins.

Bhandari Hosiery Exports Ltd Financial Statement Overview

Summary

Bhandari Hosiery Exports Ltd demonstrates stable financial performance with moderate revenue growth and improved profitability. The balance sheet indicates a strong equity position, although debt levels warrant careful monitoring. Cash flow management needs enhancement, particularly in generating positive free cash flow.

Income Statement

The company shows a consistent revenue base with a slight growth trajectory. Gross Profit Margin remains stable around 21.5%, indicating good control over production costs. Net Profit Margin improved to approximately 2.8% in the latest period, showing enhanced profitability. EBIT and EBITDA margins are healthy, implying efficient operational management.

Balance Sheet

The Debt-to-Equity ratio has improved, showing a better balance between debt and equity. The company has strengthened its equity base over the years, enhancing financial stability. The Equity Ratio is robust, reflecting a solid asset base supported by equity. However, high total debt remains a concern, indicating potential leverage risks.

Cash Flow

The company has faced challenges in generating positive free cash flow, with recent negative figures. However, the operating cash flow is relatively strong compared to net income, indicating efficient cash generation from operations. The Free Cash Flow to Net Income ratio shows room for improvement.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.83B	2.79B	2.67B	2.83B	2.83B	2.26B
Gross Profit	744.18M	598.03M	661.28M	708.07M	483.91M	308.44M
EBITDA	278.25M	284.18M	246.21M	234.40M	226.56M	182.72M
Net Income	79.60M	77.13M	65.33M	65.06M	62.70M	16.69M
Balance Sheet
Total Assets	0.00	2.76B	2.51B	2.17B	2.18B	2.07B
Cash, Cash Equivalents and Short-Term Investments	4.29M	4.29M	6.38M	15.01M	28.54M	40.07M
Total Debt	0.00	1.02B	1.22B	1.04B	1.14B	1.14B
Total Liabilities	-1.53B	1.22B	1.51B	1.30B	1.36B	1.32B
Stockholders Equity	1.53B	1.53B	995.87M	871.23M	815.54M	754.30M
Cash Flow
Free Cash Flow	0.00	-270.08M	-152.78M	90.56M	15.08M	-31.51M
Operating Cash Flow	0.00	-251.51M	159.64M	121.10M	29.98M	-1.98M
Investing Cash Flow	0.00	-23.38M	-292.30M	-26.97M	12.06M	-18.51M
Financing Cash Flow	0.00	272.80M	124.03M	-90.43M	-50.83M	33.38M

Bhandari Hosiery Exports Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 4.03, below the 50-day MA of 4.20, and below the 200-day MA of 4.90, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 34.23 is Neutral, neither overbought nor oversold. The STOCH value of 34.10 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FIBERWEB	66 Neutral	₹935.73M	5.79	―	―	19.37%	40.55%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
BHANDARI	60 Neutral	₹969.80M	11.60	―	0.51%	2.92%	-0.09%
SALONA	55 Neutral	₹1.37B	108.07	―	0.36%	-13.03%	-81.40%
ZENITHEXPO	55 Neutral	₹1.13B	19.17	―	―	8.45%	―
PIONEEREMB	52 Neutral	₹856.44M	99.21	―	―	-4.46%	-77.27%
LOYALTEX	46 Neutral	₹976.05M	-6.42	―	―	-30.97%	80.99%

Bhandari Hosiery Exports Ltd Corporate Events

Bhandari Hosiery Exports Board Clears Rs 49.3 Crore Rights Issue

Bhandari Hosiery Exports Ltd’s board has approved a rights issue to raise Rs 49.30 crore in long-term equity, primarily to strengthen working capital, reduce long-term debt, and fund general corporate purposes, alongside meeting issue-related expenses. The board has designated BSE as the lead stock exchange for the issue and set up a three-member Rights Issue Committee, supported by the company’s CFO and compliance team, to oversee key aspects such as investor allotments, appointment of intermediaries and a monitoring agency, and approval of the draft offer document, with the committee scheduled to meet on 14 January 2026 to advance regulatory approvals and execution of the capital-raising plan.

Bhandari Hosiery Board Clears Rs 49.3 Crore Rights Issue, Sets Up Dedicated Committee

Bhandari Hosiery Exports Ltd’s board has approved raising Rs 49.30 crore through a rights issue to strengthen long-term working capital, reduce long-term debt, and fund general corporate purposes and issue-related expenses. The board has resolved to designate BSE as the lead stock exchange for the issue, and set up a three-member Rights Issue Committee, supported by the CFO and company secretary, to handle key decisions including appointment of intermediaries, monitoring agency, and approval of the draft letter of offer, with the committee scheduled to meet on 14 January 2026 to move the process forward.

Bhandari Hosiery Board to Weigh Rs 50 Crore Rights Issue for Working Capital

Bhandari Hosiery Exports Limited has announced that its board of directors will meet on 2 January 2026 to consider raising up to Rs 50 crore in long-term equity through a rights issue aimed at strengthening the company’s working capital. The board will also deliberate on forming an empowered Rights Issue Committee to oversee execution of the issue, set its terms, and appoint intermediaries in line with the updated SEBI regulations on rights issues, signaling a move to bolster liquidity and support ongoing operations and growth plans.