Financials Bhandari Hosiery Exports Limited

Equities

BHANDARI

INE474E01029

Apparel & Accessories

Market Closed - Bombay S.E. 06:24:34 2024-05-08 am EDT 5-day change 1st Jan Change
8.14 INR +4.09% Intraday chart for Bhandari Hosiery Exports Limited +3.56% +34.77%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 426.4 285.7 109.9 329.7 1,080 635.9
Enterprise Value (EV) 1 1,280 1,192 1,205 1,452 2,202 1,647
P/E ratio 8.6 x 5.34 x 2.08 x 20.5 x 17.2 x 9.86 x
Yield 0.34% 0.51% 1.33% 0.44% 0.14% 0.23%
Capitalization / Revenue 0.17 x 0.11 x 0.04 x 0.15 x 0.38 x 0.22 x
EV / Revenue 0.52 x 0.45 x 0.43 x 0.64 x 0.78 x 0.58 x
EV / EBITDA 7.33 x 6.01 x 5.61 x 7.95 x 9.72 x 7.03 x
EV / FCF -6.73 x -18 x -5.76 x -41.2 x -50.3 x 16.9 x
FCF Yield -14.9% -5.56% -17.4% -2.42% -1.99% 5.92%
Price to Book 0.67 x 0.42 x 0.15 x 0.44 x 1.32 x 0.73 x
Nbr of stocks (in thousands) 146,527 146,527 146,527 146,527 146,527 146,527
Reference price 2 2.910 1.950 0.7500 2.250 7.370 4.340
Announcement Date 10/4/18 9/4/19 9/4/20 9/3/21 9/3/22 9/2/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 2,483 2,663 2,774 2,258 2,833 2,832
EBITDA 1 174.6 198.3 214.6 182.6 226.6 234.4
EBIT 1 133.2 154.8 164.5 128.6 171.9 182.3
Operating Margin 5.36% 5.81% 5.93% 5.69% 6.07% 6.44%
Earnings before Tax (EBT) 1 59.11 63.18 62.62 21.22 68.5 78.9
Net income 1 49.57 53.55 53.12 16.69 62.7 65.06
Net margin 2% 2.01% 1.91% 0.74% 2.21% 2.3%
EPS 2 0.3383 0.3655 0.3600 0.1100 0.4279 0.4400
Free Cash Flow 1 -190.1 -66.29 -209.1 -35.19 -43.76 97.45
FCF margin -7.66% -2.49% -7.54% -1.56% -1.54% 3.44%
FCF Conversion (EBITDA) - - - - - 41.57%
FCF Conversion (Net income) - - - - - 149.77%
Dividend per Share 2 0.0100 0.0100 0.0100 0.0100 0.0100 0.0100
Announcement Date 10/4/18 9/4/19 9/4/20 9/3/21 9/3/22 9/2/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 854 906 1,095 1,122 1,122 1,011
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.89 x 4.57 x 5.102 x 6.145 x 4.951 x 4.313 x
Free Cash Flow 1 -190 -66.3 -209 -35.2 -43.8 97.4
ROE (net income / shareholders' equity) 8.08% 8.09% 7.45% 2.24% 7.99% 7.71%
ROA (Net income/ Total Assets) 5.19% 5.5% 5.34% 3.9% 5.05% 5.24%
Assets 1 955.6 973 994.4 428.2 1,241 1,242
Book Value Per Share 2 4.340 4.690 5.040 5.150 5.570 5.950
Cash Flow per Share 2 0.1200 0.1000 0.0700 0.1500 0.0900 0.2000
Capex 1 138 19.5 177 29.5 14.9 30.6
Capex / Sales 5.56% 0.73% 6.37% 1.31% 0.53% 1.08%
Announcement Date 10/4/18 9/4/19 9/4/20 9/3/21 9/3/22 9/2/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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