Bhartiya International Limited (BIL) AI Stock Analysis

• Market Cap: ₹9.65B
• Dividend Yield: N/A
• Average Volume (3M): 567.00
• Price to Earnings (P/E): 36.0
• Beta (1Y): 0.71
• Revenue Growth: 31.04%
• EPS Growth: 6468.72%
• Country: IN
• Employees: 315
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 5.00
• Shares Outstanding: 13,410,411
• 10 Day Avg. Volume: 587
• 30 Day Avg. Volume: 567
• PEG Ratio: <0.01
• Price to Book (P/B): 1.26
• Price to Sales (P/S): 0.55
• P/FCF Ratio: 15.30
• 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: 68 Neutral
• Price Target: ₹783.00 ▲(6.31% Upside)
• Action: Reiterated Date: 11/22/25
• Date: Action: Reiterated 11/22/25

Bhartiya International Limited's overall stock score is primarily driven by its solid financial performance and positive technical indicators. However, the high P/E ratio and lack of dividend yield present valuation challenges. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Strong revenue growth

Sustained high revenue growth expands scale and market presence, enabling better absorption of fixed costs and bargaining leverage with suppliers and buyers. Over 2-6 months this supports capacity investments, deeper customer relationships, and a stronger base for margin improvement.

Healthy gross and EBIT margins

A robust gross margin indicates product-level profitability and pricing power; a solid EBIT margin shows operational efficiency before financing and taxes. These durable margin cushions help the company withstand input cost swings and fund reinvestment and working capital needs.

Strong cash generation metrics

High cash conversion indicates earnings quality and liquidity, supporting capex, working capital and debt servicing without relying on external financing. Durable cash generation improves resilience to cyclical dips and funds strategic investments over coming quarters.

Negative Factors

Low net profit margin

A very low net margin constrains the company's ability to convert operating success into shareholder returns and cushions against shocks. It suggests cost pressures, non-operating drains, or inefficiencies that could persist and limit retained earnings for growth.

Modest return on equity

A low ROE signals limited effectiveness in using shareholders' capital to generate profits. This can reduce attractiveness to investors and limit capacity to raise equity for expansion. Persistently low ROE may reflect structural margin, asset utilization, or capital allocation issues.

Lack of disclosed long-term customer contracts

Absence of disclosed long-term or recurring contracts implies revenue is order-driven, increasing volatility and dependence on periodic negotiations. This reduces predictability of future cashflows and makes margins more sensitive to price competition and raw-material swings.

Bhartiya International Limited Business Overview & Revenue Model

Company Description

Bhartiya International Ltd. manufactures, trades in, and sells leather and textile products in India. It offers leather outerwear, bags and accessories, belts, wallets, and other small leather goods, as well as leather finishing services. The company also engages in the development of real estate and industrial parks. In addition, it exports its products. Bhartiya International Ltd. was incorporated in 1987 and is based in Gurugram, India.

How the Company Makes Money

BIL primarily makes money by selling fashion and lifestyle products through business-to-business supply relationships. Key revenue streams typically include (1) revenue from the manufacture and/or sourcing and sale of leather products (e.g., bags, accessories) to domestic and international customers; (2) revenue from textiles/apparel operations (e.g., garments or fabric-based products) sold to brands, retailers, or buying houses; and (3) trading/merchanting income where the company sources goods from third-party vendors and earns a margin by supplying them to customers. Earnings are driven by order volumes, product mix (higher-margin categories such as leather goods and fashion accessories), pricing/margins negotiated with customers, and the company’s ability to manage raw-material and sourcing costs (e.g., leather, textiles), production efficiency, quality compliance, and delivery timelines. Information on specific customer contracts, partnership terms, channel mix, segment-level revenue split, and recurring/long-term agreements is null.

Bhartiya International Limited Financial Statement Overview

Summary

Bhartiya International Limited demonstrates solid financial performance with strong revenue growth and effective cash flow management. However, there is potential for improved profitability and shareholder returns, given the modest net profit margin and return on equity. The company's balanced leverage and stable capital structure provide a firm foundation for future growth.

Income Statement

Bhartiya International Limited shows a strong revenue growth trajectory with a 36.1% increase from the previous year. The gross profit margin is healthy at 40.8%, and the EBIT margin is solid at 6.3%. However, the net profit margin is relatively low at 1.5%, indicating room for improvement in cost management and profitability.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 1.07, reflecting a balanced leverage position. The equity ratio stands at 38.3%, indicating a stable capital structure. Return on equity is modest at 3.5%, suggesting that there are opportunities to enhance shareholder returns.

Cash Flow

Bhartiya International Limited exhibits a strong free cash flow growth rate of 3.4% and maintains a healthy operating cash flow to net income ratio of 2.83. The free cash flow to net income ratio is robust at 2.35, highlighting effective cash generation relative to earnings.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	11.83B	10.29B	7.56B	8.01B	6.70B	5.33B
Gross Profit	4.79B	4.20B	2.00B	2.20B	1.45B	1.12B
EBITDA	1.15B	960.92M	715.25M	885.97M	725.75M	407.26M
Net Income	289.26M	156.65M	2.23M	626.11M	-165.30M	-61.47M
Balance Sheet
Total Assets	13.28B	11.72B	10.97B	10.13B	9.43B	9.03B
Cash, Cash Equivalents and Short-Term Investments	1.61B	1.13B	270.55M	87.42M	332.58M	172.03M
Total Debt	5.04B	4.79B	5.17B	5.01B	4.78B	4.37B
Total Liabilities	8.45B	7.24B	7.07B	6.25B	6.20B	5.63B
Stockholders Equity	4.83B	4.49B	3.89B	3.87B	3.22B	3.39B
Cash Flow
Free Cash Flow	221.54M	368.78M	584.68M	-97.72M	175.60M	93.57M
Operating Cash Flow	272.81M	443.03M	657.87M	115.94M	459.16M	263.93M
Investing Cash Flow	-127.27M	-139.54M	-211.99M	-216.42M	-455.84M	-237.11M
Financing Cash Flow	138.39M	-454.24M	-262.75M	-144.68M	157.23M	-349.15M

Bhartiya International Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 736.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BIL, the sentiment is Negative. The current price of 736.5 is below the 20-day moving average (MA) of 754.08, below the 50-day MA of 777.30, and below the 200-day MA of 801.44, indicating a bearish trend. The MACD of -27.79 indicates Positive momentum. The RSI at 41.41 is Neutral, neither overbought nor oversold. The STOCH value of 15.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BIL.

Bhartiya International Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BIL	68 Neutral	₹9.65B	36.02	―	―	31.04%	6468.72%
SREEL	67 Neutral	₹4.30B	16.67	―	―	6.38%	1.63%
MIRZAINT	62 Neutral	₹4.07B	-17.45	―	―	-15.05%	-18.55%
SUPERHOUSE	57 Neutral	₹1.54B	30.80	―	0.55%	9.09%	-60.38%
Sector *	57 Neutral	$3.13B	9.23	-34.32%	3.14%	-25.56%	-353.61%
KHADIM	53 Neutral	₹1.63B	-490.53	―	―	-26.54%	-21.93%
LIBERTSHOE	52 Neutral	₹4.22B	200.89	―	―	―	―

Bhartiya International Limited Corporate Events

Bhartiya International’s Credit Ratings Affirmed at IND BBB/Stable and IND A2

India Ratings and Research has revised the credit ratings of Bhartiya International Limited’s bank loan facilities totaling INR 6,470.70 million, affirming long-term rating IND BBB with a Stable outlook and short-term rating IND A2. The removal of the ratings from Watch with Negative Implications indicates an improved assessment of the company’s credit profile and may support more stable borrowing costs and lender confidence, though it does not constitute an upgrade in the rating category.

The rating rationale has been made available on both the company’s website and the rating agency’s platform, enhancing transparency for investors and other stakeholders. This disclosure aligns with regulatory requirements and provides the market with clearer visibility into the company’s financial risk profile, potentially influencing perceptions of its stability and access to credit.

Bhartiya International Expands Global Footprint with New UK Step-Down Subsidiary

Bhartiya International Limited has announced that its overseas subsidiary Ultima SA has incorporated a wholly owned step-down subsidiary in the United Kingdom named ULTIMA FASHIONS UK LTD, effective 16 January 2026. The establishment of this UK entity signals a strategic move to strengthen the group’s operational footprint and corporate structure in a key global fashion market, potentially enhancing market access, supply-chain efficiency and customer proximity for its international business stakeholders.

Bhartiya International Closes Trading Window Ahead of Q3 FY2025-26 Results

Bhartiya International Limited has announced the closure of its trading window for designated persons and their immediate relatives from 1 January 2026 until 48 hours after the company announces its unaudited standalone and consolidated financial results for the third quarter and nine months ended 31 December 2025. The move, made in compliance with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduct, is a standard governance measure designed to prevent trading based on unpublished price-sensitive information ahead of the upcoming financial results, with the date of the board meeting to approve these results to be communicated later.