NSEI:BIL

Stock Analysis Report

Bhartiya International

Executive Summary

Bhartiya International Limited manufactures and sells leather products, textile apparels, and accessories in India.

Rewards

PE ratio (10.6x) is below the Indian market (13.8x)

Earnings grew by 10.5% over the past year

Pays a reliable dividend of 0.67%

Risk Analysis

Earnings have declined by -2.99% per year over past 5 years

Interest payments are not well covered by earnings

Highly volatile share price over past 3 months

Does not have a meaningful market cap (₹2B)



Snowflake Analysis

Proven track record average dividend payer.


Similar Companies

Share Price & News

How has Bhartiya International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BIL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.5%

BIL

1.4%

IN Luxury

-0.3%

IN Market


1 Year Return

-21.0%

BIL

15.4%

IN Luxury

9.9%

IN Market

Return vs Industry: BIL underperformed the Indian Luxury industry which returned 8.4% over the past year.

Return vs Market: BIL underperformed the Indian Market which returned 6.7% over the past year.


Shareholder returns

BILIndustryMarket
7 Day-1.5%1.4%-0.3%
30 Day27.9%6.9%3.5%
90 Day32.2%2.6%5.9%
1 Year-20.6%-21.0%16.2%15.4%11.9%9.9%
3 Year-63.1%-63.5%57.9%55.9%30.2%23.3%
5 Year-55.1%-55.7%97.4%94.0%37.1%24.8%

Price Volatility Vs. Market

How volatile is Bhartiya International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bhartiya International undervalued compared to its fair value and its price relative to the market?

10.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BIL (₹182.2) is trading above our estimate of fair value (₹13.93)

Significantly Below Fair Value: BIL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BIL is good value based on its PE Ratio (10.6x) compared to the Luxury industry average (11.2x).

PE vs Market: BIL is good value based on its PE Ratio (10.6x) compared to the Indian market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BIL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BIL is good value based on its PB Ratio (0.5x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

How is Bhartiya International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.3%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bhartiya International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Bhartiya International performed over the past 5 years?

-3.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BIL has high quality earnings.

Growing Profit Margin: BIL's current net profit margins (2.7%) are higher than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: BIL's earnings have declined by -3% per year over the past 5 years.

Accelerating Growth: BIL's earnings growth over the past year (10.5%) exceeds its 5-year average (-3% per year).

Earnings vs Industry: BIL earnings growth over the past year (10.5%) exceeded the Luxury industry 1.2%.


Return on Equity

High ROE: BIL's Return on Equity (5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bhartiya International's financial position?


Financial Position Analysis

Short Term Liabilities: BIL's short term assets (₹7.1B) exceed its short term liabilities (₹5.1B).

Long Term Liabilities: BIL's short term assets (₹7.1B) exceed its long term liabilities (₹714.6M).


Debt to Equity History and Analysis

Debt Level: BIL's debt to equity ratio (101.7%) is considered high.

Reducing Debt: BIL's debt to equity ratio has reduced from 111.4% to 101.7% over the past 5 years.

Debt Coverage: BIL's debt is not well covered by operating cash flow (1.9%).

Interest Coverage: BIL's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet

Inventory Level: BIL has a high level of physical assets or inventory.

Debt Coverage by Assets: BIL's debt is covered by short term assets (assets are 1.7x debt).


Next Steps

Dividend

What is Bhartiya International's current dividend yield, its reliability and sustainability?

0.66%

Current Dividend Yield


Dividend Yield vs Market

company0.7%marketbottom25%0.5%markettop25%2.3%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: BIL's dividend (0.67%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: BIL's dividend (0.67%) is low compared to the top 25% of dividend payers in the Indian market (2.31%).


Stability and Growth of Payments

Stable Dividend: BIL's dividends per share have been stable in the past 10 years.

Growing Dividend: BIL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (7.1%), BIL's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Bhartiya International's salary, the management and board of directors tenure and is there insider trading?

5.9yrs

Average management tenure


CEO

Snehdeep Aggarwal (63yo)

10.8yrs

Tenure

₹1,839,600

Compensation

Mr. Snehdeep Aggarwal is the Founder of BHARTIYA Urban Infrastructure And Land Development CO.PRIVATE Limited, Bhartiya Global Marketing Ltd and Bhartiya International Limited. Mr. Aggarwal has been Managi ...


CEO Compensation Analysis

Compensation vs Market: Snehdeep's total compensation ($USD25.96K) is below average for companies of similar size in the Indian market ($USD50.75K).

Compensation vs Earnings: Snehdeep's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.9yrs

Average Tenure

58yo

Average Age

Experienced Management: BIL's management team is seasoned and experienced (5.9 years average tenure).


Board Age and Tenure

12.3yrs

Average Tenure

69yo

Average Age

Experienced Board: BIL's board of directors are seasoned and experienced ( 12.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Snehdeep Aggarwal (63yo)

    Founder

    • Tenure: 10.8yrs
    • Compensation: ₹1.84m
  • Shailesh Pathak (54yo)

    Executive Director

    • Manoj Khattar (58yo)

      Whole-Time Director

      • Tenure: 1.4yrs
      • Compensation: ₹6.61m
    • Amrishpal P. Narag

      MD of J&J Leather Enterprises Ltd. and Director of Bhartiya International Sez Ltd.

      • Shilpa Budhia

        Compliance Officer & Company Secretary

        • Tenure: 6.1yrs
      • Govindan Raghavan (62yo)

        Chief Executive Officer of Bhartiya City Developers Private Limited

        • Tenure: 5.9yrs
      • Raj Chawla (45yo)

        Chief Financial Officer

        • Tenure: 0.9yrs
        • Compensation: ₹4.97m
      • Errol Martin

        Chief Executive Officer of Fashion Business

        • Tenure: 1.7yrs

      Board Members

      • Robert Moore (69yo)

        Non-Executive Non-Independent Director

        • Tenure: 1.8yrs
        • Compensation: ₹9.00m
      • Sandeep Seth (55yo)

        Non-Executive Independent Director

        • Tenure: 17.9yrs
        • Compensation: ₹30.00k
      • Snehdeep Aggarwal (63yo)

        Founder

        • Tenure: 10.8yrs
        • Compensation: ₹1.84m
      • Ananthakrishna Sahasranaman (71yo)

        Non-Executive Independent Director

        • Tenure: 11.6yrs
        • Compensation: ₹8.33k
      • Ramesh Bhatia (73yo)

        Non-Executive Non-Independent Director

        • Tenure: 32.3yrs
        • Compensation: ₹2.78k
      • Manoj Khattar (58yo)

        Whole-Time Director

        • Tenure: 1.4yrs
        • Compensation: ₹6.61m
      • Amrishpal P. Narag

        MD of J&J Leather Enterprises Ltd. and Director of Bhartiya International Sez Ltd.

        • Shashank Mohan (75yo)

          Non-Executive Independent Director

          • Tenure: 12.5yrs
          • Compensation: ₹27.22k
        • Charanjit Handa (82yo)

          Non-Executive Independent Director

          • Tenure: 15.7yrs
          • Compensation: ₹22.78k
        • Nikhil Aggarwal (44yo)

          Non-Executive Non-Independent Director

          • Tenure: 12.3yrs

        Company Information

        Bhartiya International Limited's company bio, employee growth, exchange listings and data sources


        Key Information

        • Name: Bhartiya International Limited
        • Ticker: BIL
        • Exchange: NSEI
        • Founded: 1987
        • Industry: Apparel, Accessories and Luxury Goods
        • Sector: Consumer Durables
        • Market Cap: ₹2.224b
        • Shares outstanding: 12.20m
        • Website: https://www.bhartiya.com

        Location

        • Bhartiya International Limited
        • 38, Sector 44
        • Gurugram
        • Haryana
        • 122002
        • India

        Listings

        TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
        526666BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2000
        BILNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2000

        Biography

        Bhartiya International Limited manufactures and sells leather products, textile apparels, and accessories in India. It offers leather outerwear, bags, belts, wallets, and other small leather goods. The company also exports its products. Bhartiya International Limited was founded in 1987 and is based in Gurugram, India. 


        Company Analysis and Financial Data Status

        All financial data provided by Standard & Poor's Capital IQ.
        DataLast Updated (UTC time)
        Company Analysis2020/01/25 12:55
        End of Day Share Price2020/01/24 00:00
        Earnings2019/09/30
        Annual Earnings2019/03/31


        Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.