Bhartiya International Limited (BIL) AI Stock Analysis

• Market Cap: ₹10.13B
• Dividend Yield: N/A
• Average Volume (3M): 567.00
• Price to Earnings (P/E): 26.0
• Beta (1Y): 0.90
• 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: ₹822.00 ▲(11.61% 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

Revenue growth trajectory

BIL’s revenue rose ~36% year-over-year, indicating durable demand across its leather and apparel B2B channels. Sustained top-line expansion supports scale economies, improves fixed-cost absorption, and underpins medium-term growth visibility for several quarters.

Healthy gross and EBIT margins

A 40.8% gross margin and a positive EBIT margin (~6.3%) show the firm captures value in production and product mix (notably leather goods). This margin buffer supports reinvestment and resilience to moderate input-cost fluctuations, aiding sustainable operating performance.

Strong cash generation & stable capital structure

Solid operating cash conversion and positive free-cash-flow metrics, combined with a balanced debt-to-equity (~1.07) and 38.3% equity ratio, indicate durable financial flexibility. This supports capex, working-capital needs and cushions against cyclical pressure over the medium term.

Negative Factors

Low net profit margin

A net margin of just 1.5% leaves limited room to absorb cost shocks or invest from earnings. Thin bottom-line profitability constrains retained earnings and increases sensitivity to input-cost or pricing volatility, limiting durable internal funding for growth.

Modest return on equity

ROE of ~3.5% signals modest shareholder returns despite strong top-line growth. Persistently low capital efficiency may reflect constrained pricing power or high operating leverage and can limit the company’s ability to attract and retain long-term investment.

B2B sourcing and customer exposure

As a B2B supplier, BIL’s profitability depends on order flows, product mix and raw-material sourcing. This creates structural exposure to customer negotiating power, input-price swings and supply disruptions, which can pressure margins and volume stability over time.

Bhartiya International Limited Business Overview & Revenue Model

Company Description

Bhartiya International Limited (BIL) is a leading Indian company operating primarily in the textile and apparel sector. Established in 1987, the company is engaged in the manufacturing and exporting of a diverse range of products, including garments, home textiles, and leather goods. BIL has built a strong presence in both domestic and international markets, catering to various segments such as fashion, lifestyle, and home furnishings. The company also focuses on sustainability and innovation, ensuring its products meet global standards and consumer demands.

How the Company Makes Money

Bhartiya International Limited generates revenue through multiple streams, primarily from the manufacturing and export of textiles and apparel. The company supplies its products to a wide array of international brands and retailers, which constitutes a significant portion of its income. In addition to garment manufacturing, BIL also earns revenue from home textiles and leather goods, capitalizing on growing consumer trends. The company has established strategic partnerships with global brands, enhancing its market reach and providing stable demand for its products. Furthermore, by focusing on sustainability and quality, BIL differentiates itself in the competitive textile industry, contributing to its overall profitability.

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	10.80B	10.29B	7.56B	8.01B	6.70B	5.33B
Gross Profit	4.40B	4.20B	2.00B	2.20B	1.45B	1.12B
EBITDA	1.10B	960.92M	715.25M	885.97M	725.75M	407.26M
Net Income	266.70M	156.65M	2.23M	626.11M	-165.30M	-61.47M
Balance Sheet
Total Assets	0.00	11.72B	10.97B	10.13B	9.43B	9.03B
Cash, Cash Equivalents and Short-Term Investments	767.31M	1.13B	270.55M	87.42M	332.58M	172.03M
Total Debt	0.00	4.79B	5.17B	5.01B	4.78B	4.37B
Total Liabilities	-4.49B	7.24B	7.07B	6.25B	6.20B	5.63B
Stockholders Equity	4.49B	4.49B	3.89B	3.87B	3.22B	3.39B
Cash Flow
Free Cash Flow	0.00	368.78M	584.68M	-97.72M	175.60M	93.57M
Operating Cash Flow	0.00	443.03M	657.87M	115.94M	459.16M	263.93M
Investing Cash Flow	0.00	-139.54M	-211.99M	-216.42M	-455.84M	-237.11M
Financing Cash Flow	0.00	-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 879.04, below the 50-day MA of 777.41, and below the 200-day MA of 800.08, indicating a bearish trend. The MACD of 5.32 indicates Positive momentum. The RSI at 38.43 is Neutral, neither overbought nor oversold. The STOCH value of 5.45 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	₹10.13B	25.98	―	―	31.04%	6468.72%
SREEL	67 Neutral	₹4.69B	19.23	―	―	6.38%	1.63%
MIRZAINT	62 Neutral	₹4.73B	57.38	―	―	-15.05%	-18.55%
SUPERHOUSE	57 Neutral	₹1.74B	28.81	―	0.55%	9.09%	-60.38%
Sector *	57 Neutral	$3.13B	9.23	-34.32%	3.14%	-25.56%	-353.61%
KHADIM	53 Neutral	₹2.22B	67.91	―	―	-26.54%	-21.93%
LIBERTSHOE	53 Neutral	₹4.11B	35.76	―	―	―	―

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.

Bhartiya International Limited Announces Auditor Firm Name Change

Bhartiya International Limited has announced a change in the name of its statutory auditor firm from M/s. Sushil Poddar & Co. to M/s. A S Poddar & Associates. Despite the name change, there are no alterations in the firm’s registration number, constitution, partners, or terms of engagement, as previously approved by the shareholders. The audit firm will continue to fulfill its statutory duties under the new name, ensuring continuity in its auditing responsibilities.