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Bhartiya International Limited
(BIL)
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Rating:47Neutral
Price Target:
₹1,087.00
▲(47.59% Upside)
Action:Reiterated
Date:09/10/26
The score is primarily held back by weak financial quality—especially negative FY2026 operating/free cash flow, elevated leverage, and inconsistent bottom-line conversion—despite strong revenue growth. Technicals are supportive with a clear uptrend, but extreme RSI/Stoch readings signal an overstretched move. Valuation is also a headwind given the high P/E and no dividend yield data.
Positive Factors
Strong Revenue Growth
Revenue growth re-accelerated materially in FY2026, indicating stronger order activity or customer demand across the company’s core fashion-product operations. Sustained top-line expansion can improve operating scale, support investment in capabilities, and strengthen BIL’s position with international brand customers.
Negative Factors
Negative Cash Generation
Negative operating and free cash flow in FY2026 weakens the company’s ability to fund expansion internally and increases reliance on working-capital management or external financing. The reversal from positive free cash flow in the prior two years also reduces confidence in consistent cash conversion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue growth re-accelerated materially in FY2026, indicating stronger order activity or customer demand across the company’s core fashion-product operations. Sustained top-line expansion can improve operating scale, support investment in capabilities, and strengthen BIL’s position with international brand customers.
Read all positive factors
Bhartiya International Limited (BIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹14.00B
Dividend Yield0.58%
Average Volume (3M)1.32K
Price to Earnings (P/E)54.2
Beta (1Y)0.42
Revenue Growth34.34%
EPS Growth-10.31%
CountryIN
Employees595
SectorGeneral
Sector StrengthN/A
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)10.24
Shares Outstanding13,410,411
10 Day Avg. Volume2,477
30 Day Avg. Volume1,318
Financial Highlights & Ratios
PEG Ratio-3.17
Price to Book (P/B)1.79
Price to Sales (P/S)0.64
P/FCF Ratio-30.93
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
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...
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 a...
Bhartiya International Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
48
Neutral
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.58B | 10.29B | 7.56B | 8.01B | 6.70B |
| Gross Profit | 4.32B | 4.20B | 2.00B | 2.20B | 1.45B |
| EBITDA | 1.06B | 960.92M | 715.25M | 885.97M | 725.75M |
| Net Income | 134.40M | 156.65M | 2.23M | 626.11M | -165.30M |
Balance Sheet | |||||
| Total Assets | 13.59B | 11.72B | 10.97B | 10.13B | 9.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.03B | 1.13B | 270.55M | 87.42M | 332.58M |
| Total Debt | 5.42B | 4.79B | 5.17B | 5.01B | 4.78B |
| Total Liabilities | 8.71B | 7.24B | 7.07B | 6.25B | 6.20B |
| Stockholders Equity | 4.87B | 4.49B | 3.89B | 3.87B | 3.22B |
Cash Flow | |||||
| Free Cash Flow | -281.70M | 368.78M | 584.68M | -97.72M | 175.60M |
| Operating Cash Flow | -89.94M | 443.03M | 657.87M | 115.94M | 459.16M |
| Investing Cash Flow | -399.20M | -139.54M | -211.99M | -216.42M | -455.84M |
| Financing Cash Flow | 689.20M | -454.24M | -262.75M | -144.68M | 157.23M |
Bhartiya International Limited Technical Analysis
Positive
736.50
Price Trends
842.30
Positive
791.26
Positive
778.42
Positive
Market Momentum
62.23
Negative
68.10
Neutral
54.46
Neutral
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 736.5 is below the 20-day moving average (MA) of 941.73, below the 50-day MA of 842.30, and below the 200-day MA of 778.42, indicating a bullish trend. The MACD of 62.23 indicates Negative momentum. The RSI at 68.10 is Neutral, neither overbought nor oversold. The STOCH value of 54.46 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹11.47B | 10.94 | ― | 3.62% | 15.59% | 34.06% | |
56 Neutral | ₹10.41B | 16.40 | ― | 2.38% | -5.08% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹7.92B | 15.48 | ― | 0.61% | -1.31% | 47.06% | |
50 Neutral | ₹9.74B | 12.84 | ― | 0.37% | 2.49% | 249.40% | |
47 Neutral | ₹14.00B | 54.15 | ― | 0.58% | 34.34% | -10.31% | |
44 Neutral | ₹8.14B | 14.50 | ― | 0.39% | -8.16% | -22.62% |
* General Sector Average
IN:BIL
Bhartiya International Limited
1,044.25
158.75
17.93%
IN:HIMATSEIDE
Himatsingka Seide Limited.
64.72
-62.74
-49.22%
IN:MONTECARLO
Monte Carlo Fashions Ltd.
553.10
-92.55
-14.33%
IN:NAHARSPING
Nahar Spinning Mills Ltd
270.20
52.15
23.91%
IN:PRECOT
Precot Ltd.
659.65
187.33
39.66%
IN:RSWM
RSWM Ltd
221.10
62.10
39.06%
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.