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Bhandari Hosiery Exports Ltd
(BHANDARI)
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Rating:53Neutral
Price Target:
₹3.00
▲(3.09% Upside)
Action:Reiterated
Date:09/06/26
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.
Positive Factors
Improved leverage
The substantial reduction in leverage lowers balance-sheet risk and improves financial flexibility. A stronger equity base gives the company more capacity to manage operating volatility, support ongoing textile production, and fund necessary investments without relying as heavily on debt.
Negative Factors
Weak recent cash generation
Negative operating and free cash flow for two consecutive years shows that reported profits are not consistently converting into cash. This can constrain funding for operations and investment, while increasing the importance of working-capital discipline and liquidity management.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
The substantial reduction in leverage lowers balance-sheet risk and improves financial flexibility. A stronger equity base gives the company more capacity to manage operating volatility, support ongoing textile production, and fund necessary investments without relying as heavily on debt.
Read all positive factors
Bhandari Hosiery Exports Ltd (BHANDARI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.01B
Dividend Yield0.57%
Average Volume (3M)28.62K
Price to Earnings (P/E)10.8
Beta (1Y)1.01
Revenue Growth-5.34%
EPS Growth-12.28%
CountryIN
Employees390
SectorGeneral
Sector StrengthN/A
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.31
Shares Outstanding332,956,420
10 Day Avg. Volume41,276
30 Day Avg. Volume28,621
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)0.37
Price to Sales (P/S)0.24
P/FCF Ratio-7.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 appar...
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 expor...
Bhandari Hosiery Exports Ltd Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
27
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.80B | 2.79B | 2.67B | 2.83B | 2.83B |
| Gross Profit | 626.35M | 598.03M | 661.28M | 708.07M | 483.91M |
| EBITDA | 276.54M | 284.18M | 246.21M | 234.40M | 226.56M |
| Net Income | 77.68M | 77.13M | 65.33M | 65.06M | 62.70M |
Balance Sheet | |||||
| Total Assets | 3.18B | 2.76B | 2.51B | 2.17B | 2.18B |
| Cash, Cash Equivalents and Short-Term Investments | 191.45M | 4.29M | 6.38M | 15.01M | 28.54M |
| Total Debt | 1.06B | 1.02B | 1.22B | 1.04B | 1.14B |
| Total Liabilities | 1.34B | 1.22B | 1.51B | 1.30B | 1.36B |
| Stockholders Equity | 1.83B | 1.53B | 995.87M | 871.23M | 815.54M |
Cash Flow | |||||
| Free Cash Flow | -87.23M | -270.08M | -152.78M | 90.56M | 15.08M |
| Operating Cash Flow | -70.02M | -251.51M | 159.64M | 121.10M | 29.98M |
| Investing Cash Flow | -17.21M | -23.38M | -292.30M | -26.97M | 12.06M |
| Financing Cash Flow | 274.39M | 272.80M | 124.03M | -90.43M | -50.83M |
Bhandari Hosiery Exports Ltd Technical Analysis
Positive
2.91
Price Trends
2.95
Positive
3.09
Negative
3.20
Negative
Market Momentum
0.02
Negative
56.12
Neutral
46.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHANDARI, the sentiment is Positive. The current price of 2.91 is below the 20-day moving average (MA) of 2.99, below the 50-day MA of 2.95, and below the 200-day MA of 3.20, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 56.12 is Neutral, neither overbought nor oversold. The STOCH value of 46.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BHANDARI.
Bhandari Hosiery Exports Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹14.99B | 13.33 | ― | 1.14% | 6.24% | 15.54% | |
62 Neutral | ₹404.66B | 53.57 | ― | 1.66% | 7.57% | -1.16% | |
56 Neutral | ₹11.51B | 15.32 | ― | 2.07% | 5.33% | -4.01% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹1.01B | 10.85 | ― | 0.57% | -5.34% | -12.28% | |
51 Neutral | ₹35.31B | 34.41 | ― | 0.17% | 10.61% | -33.91% | |
42 Neutral | ₹25.70B | -108.00 | ― | 0.39% | -36.44% | -118.03% |
* General Sector Average
IN:BHANDARI
Bhandari Hosiery Exports Ltd
3.04
-1.29
-29.74%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.