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Bhandari Hosiery Exports Ltd (BHANDARI) AI Stock Analysis
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Bhandari Hosiery Exports Ltd
(NSE:BHANDARI)
The score is primarily held back by weak cash generation (negative operating and free cash flow in the last two years) and thin margins, despite improved leverage. Technicals are mildly constructive in the near term, and valuation is reasonable with a modest P/E, but the low dividend yield provides limited additional support.
Bhandari Hosiery Exports Ltd (BHANDARI) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 865.69M
- Dividend Yield
- 0.38%
- Average Volume (3M)
- 28.72K
- Price to Earnings (P/E)
- 9.3
- Beta (1Y)
- 1.04
- Revenue Growth
- -5.34%
- EPS Growth
- -12.28%
- Country
- India
- Employees
- 390
- Sector
- General
- Sector Strength
- 55
- Industry
- Apparel - Manufacturers
Bhandari Hosiery Exports Ltd Business Overview & Revenue Model
Company Description
Bhandari Hosiery Exports Limited, an Indian enterprise established in 1993 and headquartered in Ludhiana, specializes in the production and distribution of textile goods. The company manufactures and globally ships a diverse array of knitted apparel,...
How the Company Makes Money
BHANDARI primarily makes money by manufacturing and selling knitted hosiery/garment products to customers, with revenue recognized from the sale/export of these finished textile goods. Its key revenue stream is product sales (domestic and/or export,...
Bhandari Hosiery Exports Ltd Financial Statement Overview
Summary
Balance sheet leverage has improved (debt-to-equity down to ~0.58x), but operating performance is low-margin (net margin ~2.3%–2.8%) with broadly flat revenue. The biggest drag is cash quality: operating cash flow and free cash flow are negative in FY2025 and FY2026, raising liquidity and earnings-conversion concerns.
Income Statement
56NeutralBalance Sheet
63PositiveCash Flow
27Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.68B | 2.80B | 2.79B | 2.67B | 2.83B | 2.83B |
| Gross Profit | 650.09M | 626.35M | 598.03M | 661.28M | 708.07M | 483.91M |
| EBITDA | 274.72M | 276.54M | 284.18M | 246.21M | 234.35M | 226.56M |
| Net Income | 74.46M | 77.68M | 77.13M | 65.33M | 65.06M | 62.70M |
Balance Sheet | ||||||
| Total Assets | 0 | 3.18B | 2.76B | 2.51B | 2.17B | 2.18B |
| Cash, Cash Equivalents and Short-Term Investments | 191.45M | 191.45M | 4.29M | 6.38M | 15.01M | 28.54M |
| Total Debt | 0 | 1.06B | 1.02B | 1.22B | 1.04B | 1.14B |
| Total Liabilities | -1.83B | 1.34B | 1.22B | 1.51B | 1.30B | 1.36B |
| Stockholders Equity | 1.83B | 1.83B | 1.53B | 995.87M | 871.23M | 815.54M |
Cash Flow | ||||||
| Free Cash Flow | 10.24M | -87.23M | -270.08M | -152.78M | 90.56M | 15.08M |
| Operating Cash Flow | 27.99M | -70.02M | -251.51M | 159.64M | 121.10M | 29.98M |
| Investing Cash Flow | -16.77M | -17.21M | -23.38M | -292.30M | -26.97M | 12.06M |
| Financing Cash Flow | -8.91M | 274.39M | 272.80M | 124.03M | -90.43M | -50.83M |
Bhandari Hosiery Exports Ltd Technical Analysis
Price Trends
Market Momentum
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 2.63 is below the 20-day moving average (MA) of 2.75, below the 50-day MA of 2.89, and below the 200-day MA of 3.05, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 38.07 is Neutral, neither overbought nor oversold. The STOCH value of 43.99 is Neutral, 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
Overall Rating
IN:PAGEIND67Neutral
IN:RUPA61Neutral
IN:DOLLAR56Neutral- IN:BHANDARI53Neutral
IN:LUXIND39Underperform
IN:KITEX38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:PAGEIND | 67Neutral | INR 383.25B | 50.91 | ― | 1.75% | 7.57% | -1.16% |
| IN:RUPA | 61Neutral | INR 9.52B | 12.60 | ― | 2.50% | 5.33% | -4.01% |
| IN:DOLLAR | 56Neutral | INR 13.55B | 12.08 | ― | 1.26% | 6.24% | 15.54% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:BHANDARI | 53Neutral | INR 875.68M | 9.28 | ― | 0.38% | -5.34% | -12.28% |
| IN:LUXIND | 39Underperform | INR 33.85B | 32.98 | ― | 0.18% | 10.61% | -33.91% |
| IN:KITEX | 38Underperform | INR 22.54B | -94.05 | ― | 0.44% | -36.44% | -118.03% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:BHANDARI | Bhandari Hosiery Exports Ltd | 2.63 | -1.39 | -34.53% | |
| IN:DOLLAR | Dollar Industries Ltd. | 238.90 | -111.08 | -31.74% | |
| IN:KITEX | Kitex Garments Limited | 113.00 | -89.41 | -44.17% | |
| IN:LUXIND | Lux Industries Ltd. | 1125.65 | -141.26 | -11.15% | |
| IN:PAGEIND | Page Industries Limited | 34360.30 | -5723.96 | -14.28% | |
| IN:RUPA | Rupa & Co. Ltd. | 119.75 | -69.27 | -36.65% |
Bhandari Hosiery Exports Ltd Corporate Events
Bhandari Hosiery Exports Announces Exit of Company Secretary and Compliance Officer
Bhandari Hosiery Exports Ltd has announced the resignation of Mrs. Shilpa Tiwari from her role as Company Secretary and Compliance Officer, a key managerial position with responsibility for regulatory adherence. Her resignation, tendered for personal...
Bhandari Hosiery Exports’ Compliance Chief to Exit on October 17
Bhandari Hosiery Exports Ltd has announced the resignation of Mrs. Shilpa Tiwari from her role as Company Secretary and Compliance Officer, a key managerial position, due to personal reasons. The cessation will be effective from the close of business...
Bhandari Hosiery Exports Announces Exit of Key Compliance Officer
Bhandari Hosiery Exports Ltd, a Ludhiana-based textiles and hosiery exporter listed on BSE and NSE, operates under SEBI’s listing and disclosure framework and serves both domestic and overseas markets.The company announced that its Company Secr...
Bhandari Hosiery Exports Announces Resignation of Company Secretary and Compliance Officer
Bhandari Hosiery Exports Ltd has announced that its Company Secretary and Compliance Officer, Mrs. Shilpa Tiwari, has resigned from her role due to personal reasons, with her last working day set for October 17, 2026. The management has accepted her...
Bhandari Hosiery Exports’ Compliance Chief to Exit in October 2026
Bhandari Hosiery Exports Ltd has announced the resignation of Mrs. Shilpa Tiwari from her role as Company Secretary and Compliance Officer, effective at the close of business on October 17, 2026. Tiwari, a key managerial personnel responsible for reg...
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.
Date of analysis: Sep 06, 2026