Bhandari Hosiery EXP Ltd
NSE: BHANDARI · Other Textile Products · sector
₹2.64NSE close 2026-10-26
Key numbers
Market cap₹88 cr
Price₹2.64
52w high / low₹5 / ₹2
P/E9.4xSector median 13.7x
P/B0.5xSector median 1.1x
Book value₹5.5
Dividend yield0.55%Sector median 0.51%
ROE4.4%Sector median 5.4%
ROCE7.2%Sector median 7.5%
OPM10.1%Sector median 6.6%
Debt / equity0.55xSector median 0.43x
EV/EBITDA6.2xSector median 9.6x
Interest cover2.0x
Current ratio2.29x
Sales growth 3y-0.3%Sector median +0.6%
Profit growth 3y+6.1%Sector median +1.1%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 222 companies in Other Textile Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹19 cr vs borrowings ₹101 cr (FY26): borrowings are higher by ₹82 cr.
- Operating profit covered interest 2.0x in the last 12 months.
- Promoter holding rose by 10.81 percentage points in a year, to 41.83% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY22).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 4% of net profit in the last 12 months.
- Debtor days went from 81 (FY24) to 119 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹2.64 on 2026-10-26: -48.5% from the 52-week high, +32.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹7.89 · low ₹2.43
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 68 | 63 | 89 | 63 | 68 | 59 | 90 | 51 |
| EBITDA | 6 | 7 | 7 | 6 | 7 | 7 | 7 | 6 |
| OPM % | 9.4% | 11.5% | 8.3% | 10.2% | 10.2% | 12.4% | 7.8% | 11.7% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 1 |
| EPS (₹) | 0.07 | 0.08 | 0.11 | 0.07 | 0.09 | 0.09 | 0.06 | 0.04 |
| Revenue YoY | +0.1% | -6.3% | +0.9% | -19.2% | ||||
| Profit YoY | +24.0% | +8.4% | -28.7% | -19.8% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 283 | 283 | 267 | 279 | 280 | 268 |
| EBITDA | 22 | 23 | 25 | 28 | 28 | 27 |
| Net profit | 6 | 7 | 7 | 8 | 8 | 7 |
| EPS (₹) | 0.43 | 0.44 | 0.40 | 0.32 | 0.23 | 0.28 |
| Revenue growth | -0.0% | -5.8% | +4.4% | +0.6% | -5.3% | |
| Profit growth | +3.8% | +0.3% | +18.1% | +0.8% | -6.5% | |
| Dividend / share (₹) | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -0.3% | +4.4% | -5.3% |
| Net profit | +6.1% | +36.0% | -6.5% |
| EPS | -19.4% | +15.9% | – |
| Share price | – | -36.2% (2y) | -44.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 87 | 100 | 153 | 183 |
| Borrowings | – | 94 | 117 | 97 | 101 |
| Cash & equivalents | – | 3 | 1 | 0 | 19 |
| Total assets | – | 217 | 251 | 276 | 318 |
| Fixed assets | – | 52 | 79 | 74 | 69 |
| Capital work in progress | – | 1 | 0 | 0 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 69 | 59 | 89 | 91 |
| Inventory | – | 80 | 86 | 83 | 94 |
| Payables | – | 13 | 18 | 10 | 17 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 3 | 12 | 16 | -25 | -7 |
| Cash from investing | 1 | -3 | -29 | 45 | -1 |
| Cash from financing | -5 | -9 | 12 | -20 | 27 |
| Capex | 1 | 3 | 31 | 2 | 2 |
| Free cash flow | 2 | 9 | -15 | -27 | -9 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 7.5% | 6.6% | 5.0% | 4.2% |
| ROCE % | – | 10.1% | 9.2% | 8.6% | 7.4% |
| Debtor days | – | 88 | 81 | 116 | 119 |
| Inventory days | – | 137 | 157 | 152 | 174 |
| Payable days | – | 22 | 33 | 19 | 32 |
| Cash conversion cycle (days) | – | 203 | 205 | 249 | 261 |
| Working capital days | – | 83 | 91 | 141 | 181 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 41.83% |
| Government | 0.00% |
| Public (non-institutions) | 58.17% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 31.02% | 31.02% | 31.02% | 31.02% | 41.83% | 41.83% | 41.83% | 41.83% |
| Promoter group | % |
|---|---|
| Tikani Exports Limited | 17.15% |
| Nitin Bhandari | 14.43% |
| Nitika Bhandari | 7.59% |
| Kusum Bhandari | 2.65% |
| Suresh K Bhandari | 0.02% |
| Naresh Bhandari | 0.01% |
| Public holders above 1% | % |
|---|---|
| Udyan Ashok Singhania | 1.95% |
| Bhavika Mitesh Shah | 1.44% |
| Saurav Arora | 1.42% |
| Shyam Abhay Jasani | 1.20% |
96,191 shareholders. Pledged: – of promoter shares.
Peers in Other Textile Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SHRMFGC | ₹77,110 cr | – | – | – | – | – | – | – |
| SIYSIL | ₹43,629 cr | 184.0x | 29.9x | 17.3% | 19.4% | 12.6% | +4.8% | 0.12% |
| KPRMILL | ₹34,532 cr | 37.9x | 6.1x | 17.1% | 19.8% | 19.5% | +2.4% | 0.50% |
| WELSPUNLIV | ₹19,740 cr | 71.8x | 4.0x | 5.7% | 8.0% | 8.7% | +5.1% | 1.06% |
| VTL | ₹14,110 cr | 16.6x | 1.3x | 8.3% | 9.2% | 13.6% | -0.9% | 1.04% |
| TRIDENT | ₹10,513 cr | 26.4x | 2.2x | 8.4% | 10.0% | 12.9% | +1.9% | 2.41% |
| ICIL | ₹7,906 cr | 52.4x | 3.4x | 6.5% | 9.8% | 9.7% | +11.2% | 0.50% |
| GARFIBRES | ₹7,048 cr | 34.0x | 5.2x | 14.6% | 21.4% | 17.7% | +5.4% | 1.33% |
| KUSUMGAR | ₹5,714 cr | – | – | – | – | – | – | – |
| BHANDARI | ₹88 cr | 9.4x | 0.5x | 4.4% | 7.2% | 10.1% | -0.3% | 0.55% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-08 | Dividend | Dividend - Re 0.01 Per Share |
| 2026-02-25 | Rights | Rights 4:5 @ Premium Rs 1.56/- |
| 2025-08-21 | Dividend | Dividend - Re 0.02 Per Share |
| 2024-09-23 | Dividend | Annual General Meeting/Dividend - Re 0.01 Per Share |
| 2024-06-19 | Rights | Rights 15:32 @ Premium Rs 5.26/- |
| 2023-09-22 | Dividend | Annual General Meeting/Dividend - Re 0.01 Per Share |
| 2023-09-22 | Rights | Rights 3:26 @ Premium Rs 3.50/- |
| 2022-09-23 | Dividend | Annual General Meeting/Dividend - Re 0.01 Per Share |
| 2021-09-22 | Dividend | Annual General Meeting/Dividend - Rs 0.01 Per Share |
| 2020-09-18 | Dividend | Annual General Meeting/Dividend - Rs 0.01 Per Share |
| 2019-09-19 | Dividend | Annual General Meeting/Dividend - Rs 0.01 Per Share |
| 2018-09-19 | Dividend | Annual General Meeting/Dividend Re 0.01 Per Share |
| 2017-09-18 | Dividend | Annual General Meeting/Dividend - Re 0.01 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Other Textile Products |
| Sub-industry | Other Textile Products |
| Symbol | BHANDARI |
| BSE code | 512608 |
| ISIN | INE474E01029 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.