Bhandari Hosiery Exports Ltd (IN:BHANDARI)
:BHANDARI
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Bhandari Hosiery Exports Ltd
(BHANDARI)
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Rating:59Neutral
Price Target:
₹2.50
▼(-40.19% Downside)
Action:ReiteratedDate:02/25/26
The score is driven mainly by stable financial performance with improving margins, offset by weak cash-flow quality (negative free cash flow) and leverage concerns. Technicals meaningfully reduce the rating due to a clear downtrend and bearish momentum. Valuation is reasonable but the dividend yield offers limited support.
Positive Factors
Strong revenue growth
Nearly 50% reported revenue growth indicates expanding order volumes or market share in the core hosiery/knitwear business. Sustained top-line expansion provides scale benefits, supports reinvestment in capacity and product development, and improves long-term competitiveness in export markets.
Negative Factors
Negative free cash flow
Negative free cash flow signals the company is not generating excess cash after necessary capex and working capital, limiting its ability to deleverage, pay dividends, or self-fund growth. Over months, persistent negative FCF increases reliance on external financing and raises execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Nearly 50% reported revenue growth indicates expanding order volumes or market share in the core hosiery/knitwear business. Sustained top-line expansion provides scale benefits, supports reinvestment in capacity and product development, and improves long-term competitiveness in export markets.
Read all positive factors
Bhandari Hosiery Exports Ltd (BHANDARI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹989.48M
Dividend Yield0.51%
Average Volume (3M)36.28K
Price to Earnings (P/E)10.9
Beta (1Y)1.16
Revenue Growth2.92%
EPS Growth-0.09%
CountryIN
Employees339
SectorConsumer Defensive
Sector Strength42
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.08
Shares Outstanding432,089,400
10 Day Avg. Volume23,916
30 Day Avg. Volume36,284
Financial Highlights & Ratios
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 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 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...
How the Company Makes Money
BHANDARI makes money primarily by selling hosiery/knitwear and garment products to customers, with revenue recognized from the manufacture and export/sale of finished textile and apparel goods. Its key revenue stream is proceeds from these product...
Bhandari Hosiery Exports Ltd Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.83B | 2.79B | 2.67B | 2.83B | 2.83B | 2.26B |
| Gross Profit | 759.26M | 598.03M | 661.28M | 708.07M | 483.91M | 308.44M |
| EBITDA | 283.44M | 284.18M | 246.21M | 234.40M | 226.56M | 182.72M |
| Net Income | 83.60M | 77.13M | 65.33M | 65.06M | 62.70M | 16.69M |
Balance Sheet | ||||||
| Total Assets | 2.83B | 2.76B | 2.51B | 2.17B | 2.18B | 2.07B |
| Cash, Cash Equivalents and Short-Term Investments | 93.37M | 4.29M | 6.38M | 15.01M | 28.54M | 40.07M |
| Total Debt | 1.02B | 1.02B | 1.22B | 1.04B | 1.14B | 1.14B |
| Total Liabilities | 1.26B | 1.22B | 1.51B | 1.30B | 1.36B | 1.32B |
| Stockholders Equity | 1.56B | 1.53B | 995.87M | 871.23M | 815.54M | 754.30M |
Cash Flow | ||||||
| Free Cash Flow | 10.24M | -270.08M | -152.78M | 90.56M | 15.08M | -31.51M |
| Operating Cash Flow | 27.99M | -251.51M | 159.64M | 121.10M | 29.98M | -1.98M |
| Investing Cash Flow | -16.77M | -23.38M | -292.30M | -26.97M | 12.06M | -18.51M |
| Financing Cash Flow | -8.91M | 272.80M | 124.03M | -90.43M | -50.83M | 33.38M |
Bhandari Hosiery Exports Ltd Technical Analysis
Negative
4.18
Price Trends
3.12
Negative
3.40
Negative
3.93
Negative
Market Momentum
-0.22
Negative
22.31
Positive
15.48
Positive
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 2.60, above the 50-day MA of 3.12, and above the 200-day MA of 3.93, indicating a bearish trend. The MACD of -0.22 indicates Negative momentum. The RSI at 22.31 is Positive, neither overbought nor oversold. The STOCH value of 15.48 is Positive, 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹955.88M | 6.65 | ― | ― | 19.37% | 40.55% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ₹989.48M | 10.89 | ― | 0.51% | 2.92% | -0.09% | |
56 Neutral | ₹919.70M | -1.31 | ― | ― | -30.97% | 80.99% | |
55 Neutral | ₹684.23M | -26.56 | ― | ― | -4.46% | -77.27% | |
55 Neutral | ₹1.02B | 172.50 | ― | ― | 8.45% | ― | |
52 Neutral | ₹1.41B | 104.73 | ― | 0.36% | -13.03% | -81.40% |
* Consumer Defensive Sector Average
IN:BHANDARI
Bhandari Hosiery Exports Ltd
2.29
-1.83
-44.40%
IN:FIBERWEB
Fiberweb (India) Limited
33.20
-7.42
-18.27%
IN:LOYALTEX
Loyal Textile Mills Limited
190.95
-34.05
-15.13%
IN:PIONEEREMB
Pioneer Embroideries Limited
22.21
-15.49
-41.09%
IN:SALONA
Salona Cotspin Limited
267.65
24.66
10.15%
IN:ZENITHEXPO
Zenith Exports Limited
189.00
-20.65
-9.85%
Bhandari Hosiery Exports Ltd Corporate Events
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...
Bhandari Hosiery Exports Board Clears Rs 49.3 Crore Rights Issue
Jan 2, 2026
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-relate...
Bhandari Hosiery Board Clears Rs 49.3 Crore Rights Issue, Sets Up Dedicated Committee
Jan 2, 2026
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 res...
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.