Bhartiya International
NSE: BIL · Leather And Leather Products · sector
₹1,020.70NSE close 2026-10-26
Key numbers
Market cap₹1,369 cr
Price₹1,020.70
52w high / low₹1,150 / ₹602
P/E52.9xSector median 18.6x
P/B2.8xSector median 1.3x
Book value₹363.4
Dividend yield–Sector median 0.57%
ROE5.5%Sector median 1.9%
ROCE10.6%Sector median 4.9%
OPM8.9%Sector median 6.0%
Debt / equity1.09xSector median 0.25x
EV/EBITDA13.9xSector median 13.9x
Interest cover2.2x
Current ratio1.54x
Sales growth 3y+19.4%Sector median +2.3%
Profit growth 3y-40.1%Sector median -4.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 12 companies in Leather And Leather Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹103 cr vs borrowings ₹532 cr (FY26): borrowings are higher by ₹429 cr.
- Operating profit covered interest 2.2x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY23).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 13% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹1,020.70 on 2026-10-26: -11.2% from the 52-week high, +69.6% 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 ₹1,108.20 · low ₹450.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 296 | 263 | 241 | 280 | 399 | 366 | 313 | 373 |
| EBITDA | 33 | 19 | 19 | 27 | 40 | 29 | 24 | 36 |
| OPM % | 11.1% | 7.3% | 7.8% | 9.7% | 10.0% | 7.8% | 7.8% | 9.7% |
| Other income | 2 | 1 | 1 | 1 | 0 | 1 | 1 | 2 |
| Net profit | 8 | -2 | 15 | 6 | 10 | 7 | -9 | 18 |
| EPS (₹) | 6.28 | -1.24 | 12.17 | 4.26 | 7.61 | 5.09 | -6.63 | 13.21 |
| Revenue YoY | +35.0% | +39.2% | +29.7% | +33.2% | ||||
| Profit YoY | +29.3% | – | -158.8% | +218.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 694 | 799 | 778 | 1,029 | 1,358 | 1,451 |
| EBITDA | 35 | 79 | 79 | 90 | 120 | 129 |
| Net profit | -17 | 63 | 0 | 16 | 13 | 26 |
| EPS (₹) | -13.34 | 51.03 | 0.20 | 12.77 | 10.16 | 19.28 |
| Revenue growth | +15.2% | -2.6% | +32.4% | +31.9% | +34.3% | |
| Profit growth | – | -99.6% | +7,018.2% | -14.2% | -4.0% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +19.4% | +19.9% | +34.3% |
| Net profit | -40.1% | – | -4.0% |
| EPS | -41.6% | – | – |
| Share price | – | +22.3% (2y) | +29.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 388 | 390 | 449 | 487 |
| Borrowings | – | 494 | 511 | 474 | 532 |
| Cash & equivalents | – | 33 | 72 | 77 | 103 |
| Total assets | – | 1,013 | 1,097 | 1,172 | 1,359 |
| Fixed assets | – | 154 | 147 | 140 | 144 |
| Capital work in progress | – | 0 | 1 | 3 | 12 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 130 | 144 | 188 | 273 |
| Inventory | – | 521 | 575 | 621 | 688 |
| Payables | – | 91 | 156 | 202 | 268 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 46 | 12 | 66 | 44 | 40 |
| Cash from investing | -46 | -22 | -21 | -14 | -40 |
| Cash from financing | 16 | -14 | -26 | -45 | 20 |
| Capex | 0 | 21 | 7 | 7 | 19 |
| Free cash flow | 46 | -10 | 59 | 37 | 21 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 16.1% | 0.1% | 3.5% | 2.8% |
| ROCE % | – | 6.5% | 6.7% | 7.5% | 9.4% |
| Debtor days | – | 59 | 68 | 67 | 73 |
| Inventory days | – | 423 | 496 | 372 | 309 |
| Payable days | – | 74 | 134 | 121 | 120 |
| Cash conversion cycle (days) | – | 408 | 430 | 318 | 262 |
| Working capital days | – | 133 | 123 | 111 | 109 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 61.17% |
| FIIs | 7.40% |
| DIIs | 0.00% |
| Public (non-institutions) | 31.43% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 59.89% | 59.89% | 61.17% | 61.17% | 61.17% | 61.17% | 61.17% | 61.17% |
| Promoter group | % |
|---|---|
| Bhartiya Global Ventures Private Limited | 22.72% |
| Urbanac Projects Private Limited | 8.96% |
| Snehdeep Aggarwal | 8.90% |
| Bhartiya Infotech Private Limited | 7.53% |
| Bhartiya Advisory Services Private Limited | 5.08% |
| Arjun Aggarwal | 3.70% |
| Ramesh Bhatia | 2.54% |
| Kanwal Aggarwal | 1.42% |
| R.L. Bhatia Associates Private Limited | 0.22% |
| Parushni Aggarwal | 0.06% |
| Pavan Aggarwal | 0.04% |
| Snehdeep Aggarwal & HUF | 0.00% |
| Aruna Aggarwal | 0.00% |
| Mukta Goyal | 0.00% |
| Alka Bhatia | 0.00% |
| Public holders above 1% | % |
|---|---|
| Chartered Finance & Leasing Limited | 5.89% |
| Timf Holdings | 5.27% |
| Vinod Infotech Private Limited | 2.11% |
| Morgan Stanley Asia (Singapore) PTE | 2.08% |
| Parijata Trading Private Limited | 1.80% |
| Srinivas B S | 1.32% |
5,528 shareholders. Pledged: 0.00% of promoter shares.
Peers in Leather And Leather Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MAYURUNIQ | ₹3,101 cr | 15.0x | 2.7x | 19.8% | 24.5% | 24.6% | +7.6% | 0.70% |
| BIL | ₹1,369 cr | 52.9x | 2.8x | 5.5% | 10.6% | 8.9% | +19.4% | – |
| KOTIC | ₹1,236 cr | 14.4x | 5.3x | -41.8% | -8.3% | -7.1% | +165.0% | – |
| MIRZAINT | ₹359 cr | – | 0.6x | -4.0% | -3.4% | 1.5% | -6.9% | 0.02% |
| SUPERHOUSE | ₹156 cr | 19.5x | 0.3x | 1.7% | 4.8% | 6.6% | -4.0% | 0.57% |
| ARITAS | ₹99 cr | 4.2x | 1.8x | 8.7% | 9.7% | 9.0% | – | – |
| ZENITHEXPO | ₹97 cr | 331.3x | 1.1x | 0.3% | 1.3% | -4.2% | +1.3% | – |
| ANKIN | ₹90 cr | 130.2x | 3.4x | -1.9% | 0.4% | 6.0% | – | – |
| SUPTANERY | ₹79 cr | 11.0x | 0.7x | 6.4% | 7.8% | 8.5% | +3.2% | – |
| AKI | ₹56 cr | 18.6x | 0.6x | 3.6% | 4.9% | -2.3% | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-20 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-21 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-18 | Dividend | Annual General Meeting/Dividend - Rs 1.20 Per Share |
| 2018-09-19 | Dividend | Annual General Meeting/Dividend Rs 1.20 Per Share |
| 2017-09-19 | Dividend | Annual General Meeting/Dividend - Rs 1.20 Per Share |
| 2016-09-21 | Dividend | Annual General Meeting/Dividend - Rs 1.20 Per Share |
| 2015-09-11 | Dividend | Annual General Meeting/ Dividend Re 1/- Per Share |
| 2014-08-27 | Dividend | Annual General Meeting/Dividend Re 1/- Per Share |
| 2013-09-12 | Dividend | Annual General Meeting / Dividend - Re 1/- Per Share |
| 2012-09-20 | Dividend | Annual General Meeting/Dividend Re 1 Per Share |
| 2011-09-15 | Dividend | Dividend-Re.1/- Per Share |
| 2010-09-16 | Dividend | Dividend-Rs.1/- Per Share |
| 2009-09-17 | Dividend | Dividend-Re.1/- Per Share |
| 2008-09-11 | Dividend | Agm/Dividend - 15% |
| 2007-09-13 | Dividend | Dividend-15% |
| 2006-09-14 | Dividend | Agm/Dividend-15% |
| 2005-09-19 | Dividend | Agm/Dividend-15% Bc Revised |
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 | Leather And Leather Products |
| Sub-industry | Leather And Leather Products |
| Symbol | BIL |
| BSE code | 526666 |
| ISIN | INE828A01016 |
| Face value | ₹10.0 |
| 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.