BHANDARI

Bhandari Hosiery Exports Limited

Bhandari Hosiery Exports Limited (BHANDARI) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Textiles›Textiles & Apparels›Other Textile Products

bhandariexport.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹2.83
Market cap
94 Cr
Stock P/E
12.7
P/B
0.51
Dividend yield
0.5%
ROE (FY26)
4.2%
ROCE (FY26)
7.4%
Operating margin (FY26)
7.4%
Debt / equity (FY26)
0.55
OCF / EBITDA (FY26)
-26.7%
OCF / EBITDA (3Y)
-20.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Bhandari Hosiery Exports (BHANDARI) is a Ludhiana-based company that buys yarn, fabric and chemicals as raw materials and reports textiles as its single operating segment.

Company snapshot

77thBy market cap

Ranked among 100 companies in Other Textile Products.

What we see

Concerns
  • ✗Net margin is very thin at 2.8% — little room for error if costs rise.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales64 Cr60 Cr89 Cr58 Cr68 Cr63 Cr89 Cr63 Cr68 Cr59 Cr90 Cr51 Cr
Operating expenses (approx.)57 Cr54 Cr82 Cr51 Cr62 Cr56 Cr82 Cr57 Cr61 Cr52 Cr83 Cr45 Cr
EBITDA6 Cr6 Cr7 Cr7 Cr6 Cr7 Cr7 Cr6 Cr7 Cr7 Cr7 Cr6 Cr
OPM %10.1%10.4%8.1%12.2%9.4%11.5%8.3%10.2%10.2%12.4%7.8%11.7%
Other income0.0013 Cr0.03 Cr0.29 Cr0 Cr0.09 Cr0.03 Cr0.15 Cr0.06 Cr0.04 Cr0.05 Cr0.23 Cr0 Cr
Interest3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr2 Cr
Depreciation1 Cr1 Cr2 Cr2 Cr1 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Profit before tax2 Cr2 Cr3 Cr2 Cr2 Cr3 Cr3 Cr2 Cr3 Cr3 Cr3 Cr2 Cr
Tax %25.6%17.7%37.9%25.2%27.9%28.0%16.1%25.2%22.7%18.3%35.2%26.5%
Net profit2 Cr2 Cr2 Cr1 Cr2 Cr2 Cr3 Cr2 Cr2 Cr2 Cr2 Cr1 Cr
EPS (₹)₹0.11₹0.11₹0.09₹0.09₹0.07₹0.08₹0.11₹0.07₹0.09₹0.09₹0.06₹0.04

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales214 Cr248 Cr266 Cr277 Cr226 Cr283 Cr283 Cr267 Cr279 Cr280 CrSign in free for the trailing twelve months
Operating expenses (approx.)201 Cr231 Cr247 Cr256 Cr208 Cr261 Cr260 Cr242 Cr250 Cr253 CrSign in free for the trailing twelve months
EBITDA13 Cr17 Cr20 Cr21 Cr18 Cr22 Cr23 Cr25 Cr28 Cr28 CrSign in free for the trailing twelve months
OPM %6.0%7.0%7.4%7.7%8.0%7.9%8.2%9.4%10.1%9.9%Sign in free for the trailing twelve months
Other income0.17 Cr0.08 Cr0.13 Cr0.10 Cr0.27 Cr0.15 Cr0.09 Cr0.32 Cr0.27 Cr0.38 CrSign in free for the trailing twelve months
Interest5 Cr7 Cr9 Cr10 Cr11 Cr10 Cr10 Cr11 Cr11 Cr11 CrSign in free for the trailing twelve months
Depreciation3 Cr4 Cr4 Cr5 Cr5 Cr5 Cr5 Cr5 Cr7 Cr7 CrSign in free for the trailing twelve months
Profit before tax5 Cr6 Cr6 Cr6 Cr2 Cr7 Cr8 Cr9 Cr10 Cr10 CrSign in free for the trailing twelve months
Tax %20.5%16.1%15.2%15.2%21.4%8.5%17.5%25.2%24.3%25.6%Sign in free for the trailing twelve months
Net profit4 Cr5 Cr5 Cr5 Cr2 Cr6 Cr7 Cr7 Cr8 Cr8 CrSign in free for the trailing twelve months
EPS (₹)₹0.29₹0.34₹0.37₹0.36₹0.11₹0.43₹0.44₹0.40₹0.32₹0.23Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%6.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr16 Cr24 Cr33 Cr
Reserves44 Cr49 Cr54 Cr59 Cr61 Cr67 Cr72 Cr83 Cr129 Cr150 Cr
Borrowings69 Cr82 Cr87 Cr105 Cr108 Cr103 Cr94 Cr117 Cr97 Cr101 Cr
Other liabilities21 Cr26 Cr24 Cr26 Cr24 Cr33 Cr36 Cr34 Cr25 Cr33 Cr
Total liabilities149 Cr172 Cr180 Cr205 Cr207 Cr218 Cr217 Cr251 Cr276 Cr318 Cr
Fixed assets (net)46 Cr56 Cr54 Cr65 Cr60 Cr56 Cr52 Cr79 Cr74 Cr69 Cr
CWIP0.98 Cr0.05 Cr0.05 Cr0.05 Cr2 Cr0 Cr1 Cr0 Cr0 Cr0 Cr
Investments0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0.0011 Cr0 Cr0 Cr0 Cr
Loans & advances——0.40 Cr0.37 Cr0.38 Cr0.50 Cr0 Cr0 Cr0 Cr0 Cr
Inventories47 Cr59 Cr69 Cr72 Cr77 Cr74 Cr80 Cr86 Cr83 Cr94 Cr
Trade receivables42 Cr46 Cr42 Cr53 Cr51 Cr69 Cr69 Cr59 Cr89 Cr91 Cr
Cash & bank0.70 Cr2 Cr2 Cr0.96 Cr2 Cr1 Cr3 Cr0.64 Cr0.43 Cr19 Cr
Other assets13 Cr9 Cr13 Cr13 Cr15 Cr17 Cr13 Cr26 Cr30 Cr44 Cr
Total assets149 Cr172 Cr180 Cr205 Cr207 Cr218 Cr217 Cr251 Cr276 Cr318 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-6 Cr2 Cr-3 Cr-2 Cr-0.20 Cr3 Cr12 Cr16 Cr-25 Cr-7 Cr
Cash from investing-9 Cr-14 Cr-2 Cr-17 Cr-2 Cr1 Cr-3 Cr-29 Cr45 Cr-1 Cr
Cash from financing14 Cr13 Cr5 Cr18 Cr3 Cr-5 Cr-9 Cr12 Cr-20 Cr27 Cr
Net cash flow-0.73 Cr1.00 Cr-0.16 Cr-0.57 Cr1 Cr-0.88 Cr0.37 Cr-0.86 Cr-0.21 Cr19 Cr
Free cash flow (OCF − Capex)-17 Cr-12 Cr-5 Cr-20 Cr-3 Cr2 Cr9 Cr-15 Cr-27 Cr-9 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.8%9.2%10.0%9.2%7.0%9.3%10.1%9.2%8.6%7.4%
ROE %7.1%7.8%7.8%7.2%2.2%7.7%7.5%6.6%5.0%4.2%
Debtor days7168587083898881116119
Inventory days94100113120159124134155150170
Days payable21241818182021331831
Cash conversion cycle145144153171224193201204247258
OCF / EBITDA %-45.9%11.2%-16.9%-10.4%-1.1%13.4%51.9%63.7%-90.3%-26.7%
OCF / EBITDA % (3 years)——-14.6%-6.2%-9.8%0.9%23.4%43.9%3.5%-20.8%
Debt / equity1.171.291.261.421.441.271.081.170.630.55
Current ratio1.491.421.571.501.631.681.641.652.162.29
Net debt / EBITDA5.314.604.314.865.904.543.914.633.432.97