BIL
Bhartiya International Limited
Bhartiya International Limited (BIL) financial statements and selected valuation metrics through 30 June 2026.
Consumer Discretionary›Consumer Durables›Consumer Durables›Leather And Leather Products
bhartiya.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹1053.35
Market cap
1,416 Cr
Stock P/E
55.3
P/B
2.90
Dividend yield
1.7%
ROE (FY26)
2.8%
ROCE (FY26)
7.7%
Operating margin (FY26)
6.9%
Debt / equity (FY26)
1.09
OCF / EBITDA (FY26)
33.3%
OCF / EBITDA (3Y)
51.8%
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
BIL (Bhartiya International) runs a single business in fashion apparel and accessories, including intermediary activity, and sits in the leather and leather products industry among Indian listed companies.
Company snapshot
3rdBy market cap
Ranked among 7 companies in Leather And Leather Products.
What we see
Concerns
- ✗Net margin is very thin at 1.0% — little room for error if costs rise.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 228 Cr | 198 Cr | 180 Cr | 229 Cr | 296 Cr | 263 Cr | 241 Cr | 280 Cr | 399 Cr | 366 Cr | 313 Cr | 373 Cr |
| Operating expenses (approx.) | 197 Cr | 181 Cr | 166 Cr | 210 Cr | 263 Cr | 244 Cr | 222 Cr | 253 Cr | 359 Cr | 337 Cr | 288 Cr | 337 Cr |
| EBITDA | 30 Cr | 18 Cr | 14 Cr | 19 Cr | 33 Cr | 19 Cr | 19 Cr | 27 Cr | 40 Cr | 29 Cr | 24 Cr | 36 Cr |
| OPM % | 13.3% | 8.9% | 7.6% | 8.5% | 11.1% | 7.3% | 7.8% | 9.7% | 10.0% | 7.8% | 7.8% | 9.7% |
| Other income | 0.67 Cr | 0.87 Cr | 5 Cr | 0.63 Cr | 2 Cr | 1 Cr | 0.85 Cr | 0.90 Cr | 0.26 Cr | 0.69 Cr | 0.56 Cr | 2 Cr |
| Interest | 11 Cr | 10 Cr | 11 Cr | 10 Cr | 12 Cr | 12 Cr | 11 Cr | 12 Cr | 13 Cr | 13 Cr | 12 Cr | 12 Cr |
| Depreciation | 6 Cr | 7 Cr | 6 Cr | 6 Cr | 6 Cr | 7 Cr | 6 Cr | 6 Cr | 6 Cr | 7 Cr | 7 Cr | 4 Cr |
| Profit before tax | 10 Cr | -2 Cr | 2 Cr | -4 Cr | 12 Cr | 0.26 Cr | 17 Cr | 9 Cr | 16 Cr | 10 Cr | -6 Cr | 23 Cr |
| Tax % | 41.6% | -56.1% | 16.5% | -45.9% | 34.8% | 677.7% | 10.4% | 35.5% | 38.5% | 35.3% | -42.6% | 22.9% |
| Net profit | 6 Cr | -3 Cr | 1 Cr | -5 Cr | 8 Cr | -2 Cr | 15 Cr | 6 Cr | 10 Cr | 7 Cr | -9 Cr | 18 Cr |
| EPS (₹) | ₹4.57 | ₹-2.74 | ₹1.39 | ₹-4.44 | ₹6.28 | ₹-1.24 | ₹12.17 | ₹4.26 | ₹7.61 | ₹5.09 | ₹-6.63 | ₹13.21 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 642 Cr | 711 Cr | 748 Cr | 721 Cr | 548 Cr | 694 Cr | 799 Cr | 778 Cr | 1,029 Cr | 1,358 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 602 Cr | 664 Cr | 693 Cr | 661 Cr | 516 Cr | 658 Cr | 720 Cr | 698 Cr | 939 Cr | 1,238 Cr | Sign in free for the trailing twelve months |
| EBITDA | 40 Cr | 47 Cr | 55 Cr | 60 Cr | 32 Cr | 35 Cr | 79 Cr | 79 Cr | 90 Cr | 120 Cr | Sign in free for the trailing twelve months |
| OPM % | 6.3% | 6.6% | 7.4% | 8.3% | 5.9% | 5.1% | 9.9% | 10.2% | 8.8% | 8.9% | Sign in free for the trailing twelve months |
| Other income | 6 Cr | 7 Cr | 12 Cr | 4 Cr | 5 Cr | 32 Cr | 3 Cr | 7 Cr | 4 Cr | 2 Cr | Sign in free for the trailing twelve months |
| Interest | 14 Cr | 20 Cr | 31 Cr | 25 Cr | 24 Cr | 23 Cr | 37 Cr | 42 Cr | 45 Cr | 50 Cr | Sign in free for the trailing twelve months |
| Depreciation | 6 Cr | 7 Cr | 8 Cr | 10 Cr | 10 Cr | 24 Cr | 25 Cr | 26 Cr | 26 Cr | 27 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 26 Cr | 26 Cr | 29 Cr | 26 Cr | -6 Cr | -11 Cr | 69 Cr | 7 Cr | 25 Cr | 29 Cr | Sign in free for the trailing twelve months |
| Tax % | 31.0% | 32.5% | 32.6% | 17.0% | -4.8% | -49.2% | 8.7% | 97.2% | 37.4% | 53.7% | Sign in free for the trailing twelve months |
| Net profit | 18 Cr | 17 Cr | 20 Cr | 21 Cr | -6 Cr | -17 Cr | 63 Cr | 0.20 Cr | 16 Cr | 13 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹15.33 | ₹14.42 | ₹16.25 | ₹17.43 | ₹-4.83 | ₹-13.34 | ₹51.03 | ₹0.20 | ₹12.77 | ₹10.16 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 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
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 12 Cr | 12 Cr | 12 Cr | 12 Cr | 12 Cr | 12 Cr | 12 Cr | 12 Cr | 13 Cr | 13 Cr |
| Reserves | 256 Cr | 363 Cr | 383 Cr | 335 Cr | 328 Cr | 311 Cr | 376 Cr | 378 Cr | 436 Cr | 474 Cr |
| Borrowings | 260 Cr | 340 Cr | 375 Cr | 432 Cr | 412 Cr | 471 Cr | 494 Cr | 511 Cr | 474 Cr | 532 Cr |
| Other liabilities | 92 Cr | 196 Cr | 148 Cr | 125 Cr | 151 Cr | 149 Cr | 131 Cr | 196 Cr | 249 Cr | 339 Cr |
| Total liabilities | 619 Cr | 910 Cr | 918 Cr | 904 Cr | 903 Cr | 943 Cr | 1,013 Cr | 1,097 Cr | 1,172 Cr | 1,359 Cr |
| Fixed assets (net) | 79 Cr | 89 Cr | 106 Cr | 119 Cr | 115 Cr | 135 Cr | 154 Cr | 147 Cr | 141 Cr | 144 Cr |
| CWIP | 8 Cr | 24 Cr | 10 Cr | 11 Cr | 8 Cr | 8 Cr | 0 Cr | 1 Cr | 3 Cr | 12 Cr |
| Investments | 43 Cr | 127 Cr | 129 Cr | 52 Cr | 43 Cr | 12 Cr | 60 Cr | 48 Cr | 49 Cr | 32 Cr |
| Loans & advances | — | — | 3 Cr | 2 Cr | 2 Cr | 1 Cr | 2 Cr | 1 Cr | 2 Cr | 1 Cr |
| Inventories | 280 Cr | 343 Cr | 401 Cr | 427 Cr | 421 Cr | 464 Cr | 521 Cr | 575 Cr | 621 Cr | 688 Cr |
| Trade receivables | 91 Cr | 191 Cr | 123 Cr | 126 Cr | 140 Cr | 130 Cr | 130 Cr | 144 Cr | 188 Cr | 273 Cr |
| Cash & bank | 47 Cr | 27 Cr | 37 Cr | 49 Cr | 17 Cr | 33 Cr | 9 Cr | 27 Cr | 12 Cr | 32 Cr |
| Other assets | 71 Cr | 108 Cr | 108 Cr | 118 Cr | 156 Cr | 160 Cr | 138 Cr | 154 Cr | 157 Cr | 177 Cr |
| Total assets | 619 Cr | 910 Cr | 918 Cr | 904 Cr | 903 Cr | 943 Cr | 1,013 Cr | 1,097 Cr | 1,172 Cr | 1,359 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | -2 Cr | -56 Cr | 8 Cr | -7 Cr | 26 Cr | 46 Cr | 12 Cr | 66 Cr | 44 Cr | 40 Cr |
| Cash from investing | -21 Cr | -28 Cr | -0.76 Cr | -12 Cr | -24 Cr | -46 Cr | -22 Cr | -21 Cr | -14 Cr | -40 Cr |
| Cash from financing | 45 Cr | 65 Cr | 3 Cr | 31 Cr | -35 Cr | 16 Cr | -14 Cr | -26 Cr | -45 Cr | 20 Cr |
| Net cash flow | 22 Cr | -20 Cr | 10 Cr | 12 Cr | -32 Cr | 16 Cr | -25 Cr | 18 Cr | -15 Cr | 20 Cr |
| Free cash flow (OCF − Capex) | -25 Cr | -90 Cr | -3 Cr | -18 Cr | 10 Cr | 46 Cr | -10 Cr | 59 Cr | 37 Cr | 21 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 7.6% | 6.4% | 7.8% | 6.5% | 2.4% | 1.5% | 11.9% | 5.4% | 7.6% | 7.7% |
| ROE % | 6.7% | 4.7% | 5.0% | 6.1% | -1.8% | -5.1% | 16.1% | 0.1% | 3.5% | 2.8% |
| Debtor days | 52 | 98 | 60 | 64 | 93 | 68 | 59 | 68 | 66 | 73 |
| Inventory days | 505 | 508 | 427 | 481 | 718 | 528 | 543 | 567 | 534 | 411 |
| Days payable | 104 | 222 | 109 | 87 | 175 | 134 | 95 | 154 | 174 | 160 |
| Cash conversion cycle | 454 | 384 | 378 | 458 | 636 | 462 | 507 | 481 | 427 | 324 |
| OCF / EBITDA % | -5.2% | -120.2% | 14.6% | -11.9% | 82.2% | 129.4% | 14.7% | 83.0% | 49.0% | 33.3% |
| OCF / EBITDA % (3 years) | — | — | -35.4% | -34.3% | 18.6% | 51.3% | 57.3% | 63.7% | 49.0% | 51.8% |
| Debt / equity | 0.97 | 0.91 | 0.95 | 1.25 | 1.21 | 1.46 | 1.27 | 1.31 | 1.06 | 1.09 |
| Current ratio | — | — | 1.41 | 1.38 | 1.57 | 1.67 | 1.66 | 1.45 | 1.49 | 1.54 |
| Net debt / EBITDA | 5.29 | — | 6.12 | 6.42 | 12.25 | 12.33 | 6.15 | 6.11 | 5.11 | 4.16 |