Bhartiya International Limited (BIL) AI Stock Analysis

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Bhartiya International Limited

(NSE:BIL)

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Rating:51Neutral

Price Target:INR 1,075.00▼(-7.81% Downside)

Action:reiterated

Date:10/06/26

The score is held back primarily by weak financial performance quality—negative FY2026 operating/free cash flow and meaningful leverage despite strong revenue growth. Technicals are a key positive, showing a strong, well-supported uptrend. Valuation is a secondary headwind due to a high P/E and no dividend yield data.

Positive Factors

Strong Revenue GrowthStrong recent revenue expansion indicates increasing order activity and customer demand across BIL’s fashion-product business. If sustained, this larger sales base can improve operating scale, support broader customer relationships, and create a foundation for earnings growth over the next several quarters.

Negative Factors

Earnings Declined Despite GrowthThe decline in net income while revenue increased shows that sales growth has not yet translated consistently into shareholder earnings. This weak conversion may persist if costs, product mix, or operating efficiency offset the benefit of higher volumes, limiting the durability of profit growth.

Bhartiya International Limited (BIL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 15.66B
Dividend Yield: ―
Average Volume (3M): 1,043
Price to Earnings (P/E): 60.5
Beta (1Y): 0.45
Revenue Growth: 34.34%
EPS Growth: -10.31%
Country: India
Employees: 595
Sector: General
Sector Strength: 55
Industry: Personal Products & Services

Bhartiya International Limited Business Overview & Revenue Model

Company Description

Bhartiya International Ltd., together with its subsidiaries, manufactures and trades in leather and textile products in India. The company offers leather outerwear, bags, accessories, belts, wallets, fur products, and other small leather goods, as we...

How the Company Makes Money

BIL primarily makes money by supplying leather-based fashion products to customers (typically international brands/retailers) under manufacturing/export arrangements. Its core revenue stream is the sale of finished goods—such as leather garments and...

Bhartiya International Limited Financial Statement Overview

Summary

Strong revenue growth (₹13.6B in FY2026 vs ₹10.3B in FY2025) is outweighed by weaker financial quality: net income declined despite higher sales, leverage remains meaningful (debt ₹5.42B vs equity ₹4.87B), and cash generation deteriorated sharply with negative operating cash flow (‑₹89.9M) and negative free cash flow (‑₹281.7M) in FY2026.

Income Statement

56Neutral

Balance Sheet

48Neutral

Cash Flow

34Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	14.51B	13.58B	10.29B	7.56B	8.01B	6.70B
Gross Profit	5.00B	4.32B	4.20B	2.00B	2.20B	1.45B
EBITDA	1.15B	1.06B	960.92M	715.25M	885.97M	725.75M
Net Income	256.16M	134.40M	156.65M	2.23M	626.11M	-165.30M
Balance Sheet
Total Assets	0	13.59B	11.72B	10.97B	10.13B	9.43B
Cash, Cash Equivalents and Short-Term Investments	1.03B	1.03B	1.13B	270.55M	87.42M	332.58M
Total Debt	0	5.42B	4.79B	5.17B	5.01B	4.78B
Total Liabilities	-4.87B	8.71B	7.24B	7.07B	6.25B	6.20B
Stockholders Equity	4.87B	4.87B	4.49B	3.89B	3.87B	3.22B
Cash Flow
Free Cash Flow	221.54M	-281.70M	368.78M	584.68M	-97.72M	175.60M
Operating Cash Flow	272.81M	-89.94M	443.03M	657.87M	115.94M	459.16M
Investing Cash Flow	-127.27M	-399.20M	-139.54M	-211.99M	-216.42M	-455.84M
Financing Cash Flow	138.39M	689.20M	-454.24M	-262.75M	-144.68M	157.23M

Bhartiya International Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price1166.05

Price Trends

50DMA1022.18Positive

100DMA899.43Positive

200DMA830.28Positive

Market Momentum

MACD26.62Negative

RSI68.32Neutral

STOCH75.75Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BIL, the sentiment is Positive. The current price of 1166.05 is above the 20-day moving average (MA) of 1048.23, above the 50-day MA of 1022.18, and above the 200-day MA of 830.28, indicating a bullish trend. The MACD of 26.62 indicates Negative momentum. The RSI at 68.32 is Neutral, neither overbought nor oversold. The STOCH value of 75.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BIL.

Bhartiya International Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BIL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:MONTECARLO	65Neutral	INR 10.52B	9.79	―	4.03%	15.59%	34.06%
IN:PRECOT	59Neutral	INR 7.67B	14.90	―	0.63%	-1.31%	47.06%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:BIL	51Neutral	INR 15.00B	60.45	―	―	34.34%	-10.31%
IN:RSWM	51Neutral	INR 9.41B	14.94	―	―	-5.08%	―
IN:NAHARSPING	50Neutral	INR 9.12B	6.16	―	0.39%	2.49%	249.40%
IN:HIMATSEIDE	37Underperform	INR 7.50B	13.69	―	0.41%	-8.16%	-22.62%

* General Sector Average

Performance Comparison

IN:BIL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BIL	Bhartiya International Limited	1166.05	307.75	35.86%
IN:HIMATSEIDE	Himatsingka Seide Limited.	61.11	-60.72	-49.84%
IN:MONTECARLO	Monte Carlo Fashions Ltd.	496.10	-245.48	-33.10%
IN:NAHARSPING	Nahar Spinning Mills Ltd	258.15	48.87	23.35%
IN:PRECOT	Precot Ltd.	630.95	179.37	39.72%
IN:RSWM	RSWM Ltd	200.40	34.95	21.12%

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.

Date of analysis: Oct 06, 2026

Bhartiya International Limited AI Stock Analysis