Bhartiya International Valuation

Q: What is the Fair Price of BIL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

BIL (₹785) is trading below our estimate of [[fair value]] (₹1338.51)

Is BIL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BIL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BIL (₹785) is trading below our estimate of fair value (₹1338.51)

Significantly Below Fair Value: BIL is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BIL?

Key metric: As BIL is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BIL. This is calculated by dividing BIL's market cap by their current revenue.
What is BIL's PS Ratio?
PS Ratio	1.1x
Sales	₹9.03b
Market Cap	₹9.93b

BIL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.6x
Enterprise Value/EBITDA	15.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does BIL's PS Ratio compare to its peers?

The above table shows the PS ratio for BIL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.1x
542725 SBC Exports	3.4x	n/a	₹8.9b
MONTECARLO Monte Carlo Fashions	1.6x	n/a	₹17.2b
RBZJEWEL RBZ Jewellers	1.9x	n/a	₹7.4b
543953 Khazanchi Jewellers	1.4x	n/a	₹15.8b
BIL Bhartiya International	1.1x	n/a	₹9.9b

Price-To-Sales vs Peers: BIL is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

How does BIL's PS Ratio compare vs other companies in the IN Luxury Industry?

49 Companies	Price / Sales	Estimated Growth	Market Cap
RAJESHEXPO Rajesh Exports	0.02x	15.3%	US$825.52m
500207 Indo Rama Synthetics (India)	0.3x	n/a	US$128.30m
500296 Nahar Spinning Mills	0.3x	n/a	US$111.59m
500350 RSWM	0.2x	n/a	US$100.80m

49 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: BIL is expensive based on its Price-To-Sales Ratio (1.1x) compared to the Indian Luxury industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is BIL's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BIL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate BIL's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.