Bhandari Hosiery Exports Share Price & Earnings Call Analysis

Financials of Bhandari Hosiery

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Bhandari Hosiery

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +27.63%27.63%27.63%31.02%31.02%31.01%31.01%31.01%31.01%41.83%41.83%41.83%
FIIs +0.00%0.01%0.00%0.00%0.12%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public +72.37%72.36%72.38%68.97%68.86%68.98%68.98%68.99%68.99%58.17%58.17%58.16%
No. of Shareholders79,03385,22788,11994,8721,00,8951,01,6261,02,2501,00,76999,00798,34897,57696,191

Pros & Cons

Bhandari Hosiery

Key positives and risks surfaced from the company insights section.

Pros
  • Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Electricity Consumption KWH 991,246.00 Annual Report - 31 Mar 2016 “Electricity Purchased Unit: 991,246” Page 29 · Source 1,953,311.00 Annual Report - 31 Mar 2016 “Electricity Purchased Unit: 1,953,311” Page 29 · Source 2,107,867.00 Annual Report - 31 Mar 2017 “Electricity Purchased Unit: 2,107,867” Page 30 · Source 3,053,894.00 Annual Report - 31 Mar 2018 “Electricity Purchased Units: 3,053,894” Page 34 · Source 3,112,712.00 Annual Report - 31 Mar 2019 “Purchased Units: 3,112,712” Page 34 · Source 3,490,982.00 Annual Report - 31 Mar 2020 “Purchased Units: 3,490,982” Page 36 · Source 3,710,337.00 Annual Report - 31 Mar 2021 “Purchased Units: 3,710,337” Page 37 · Source 3,969,617.00 Annual Report - 31 Mar 2022 “Purchased Units: 3,969,617” Page 39 · Source 4,408,936.00 Annual Report - 31 Mar 2023 “Purchased Units: 4,408,936” Page 40 · Source 4,658,961.00 Annual Report - 31 Mar 2024 “Purchased Units: 4,658,961” Page 42 · Source 4,753,947.00 Annual Report - 31 Mar 2026 “PURCHASED UNITS 4765599.89 4753947” Page 42 · Source 4,765,599.89 Annual Report - 31 Mar 2026 “PURCHASED UNITS 4765599.89 4753947” Page 42 · Source FOB Value of Exports (Foreign Exchange Earnings) Rs Lacs 1,390.49 Annual Report - 31 Mar 2016 “Rs. 1390.49 Lacs in the previous year” Page 11 · Source 798.76 Annual Report - 31 Mar 2016 “The Exports of the Company for the financial year ended 31st March, 2016 were to the tune of Rs. 798.76 Lacs” Page 11 · Source 1,179.47 Annual Report - 31 Mar 2018 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 1,179.47” Page 27 · Source 1,449.75 Annual Report - 31 Mar 2018 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 1,449.75” Page 27 · Source 719.20 Annual Report - 31 Mar 2019 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 719.20” Page 35 · Source 1,377.91 Annual Report - 31 Mar 2020 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 1377.91” Page 37 · Source 972.84 Annual Report - 31 Mar 2021 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 972.84” Page 38 · Source 1,648.99 Annual Report - 31 Mar 2022 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 1648.99” Page 41 · Source 3,284.40 Annual Report - 31 Mar 2023 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 3284.40” Page 42 · Source 1,222.30 Annual Report - 31 Mar 2024 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 1,222.30” Page 43 · Source 1,324.28 Annual Report - 31 Mar 2026 “Foreign Exchange Earnings (FOB) value of Exports, commission earned) 798.59 1324.28” Page 43 · Source 798.59 Annual Report - 31 Mar 2026 “Foreign Exchange Earnings (FOB) value of Exports, commission earned) 798.59 1324.28” Page 43 · Source Husk Consumption for Steam Kg 2,782,975 Annual Report - 31 Mar 2016 “Husk for Steam (Kg): 2,782,975” Page 29 · Source 6,159,089 Annual Report - 31 Mar 2016 “Husk for Steam (Kg): 6,159,089” Page 29 · Source 6,272,065 Annual Report - 31 Mar 2017 “Husk for Steam (Kg): 6,272,065” Page 30 · Source 8,688,740 Annual Report - 31 Mar 2018 “Husk for Steam (Kg): 8,688,740” Page 34 · Source 7,664,890 Annual Report - 31 Mar 2019 “Husk for Steam (Kg): 7,664,890” Page 34 · Source 8,350,144 Annual Report - 31 Mar 2020 “Husk for Steam (Kg): 8,350,144” Page 36 · Source 7,626,554 Annual Report - 31 Mar 2021 “Husk for Steam (Kg): 7,626,554” Page 37 · Source 9,394,895 Annual Report - 31 Mar 2022 “Husk for Steam (Kg): 9,394,895” Page 39 · Source 8,934,830 Annual Report - 31 Mar 2023 “Husk for Steam (Kg): 8,934,830” Page 40 · Source 9,550,385 Annual Report - 31 Mar 2024 “Husk for Steam (KG): 9,550,385” Page 42 · Source 10,899,350 Annual Report - 31 Mar 2026 “b HUSK FOR STEAM Kg KG 1,10,46,555 1,08,99,350” Page 42 · Source 11,046,555 Annual Report - 31 Mar 2026 “b HUSK FOR STEAM Kg KG 1,10,46,555 1,08,99,350” Page 42 · Source Fabric Dyeing Capacity TPD 10 Annual Report - 31 Mar 2016 “10 tonnes Per Day Fabric Dyeing Capacity” Page 4 · Source 10 Annual Report - 31 Mar 2017 “10 tonnes Per Day Fabric Dyeing Capacity” Page 4 · Source 15 Annual Report - 31 Mar 2018 “15 tonnes Per Day” Page 4 · Source 15 Annual Report - 31 Mar 2019 “15 tonnes Per Day” Page 4 · Source 15 Annual Report - 31 Mar 2020 “15 tonnes Per Day” Page 4 · Source 15 Annual Report - 31 Mar 2021 “15 tonnes Per Day” Page 4 · Source 15 Annual Report - 31 Mar 2022 “15 tons Per Day” Page 4 · Source 15 Annual Report - 31 Mar 2023 “15 tons Per Day” Page 4 · Source 15 Annual Report - 31 Mar 2024 “15 tons per day Fabric Dyeing” Page 5 · Source 15 Annual Report - 31 Mar 2026 “15 tons Per Day Fabric Dyeing” Page 5 · Source Permanent Employees Count 271 Annual Report - 31 Mar 2016 “The number of permanent employees on the rolls of company: 271” Page 27 · Source 288 Annual Report - 31 Mar 2017 “The number of permanent employees on the rolls of company: 288” Page 28 · Source 342 Annual Report - 31 Mar 2018 “The number of permanent employees on the rolls of company: 342” Page 24 · Source 356 Annual Report - 31 Mar 2019 “The number of permanent employees on the rolls of company: 356” Page 32 · Source 356 Annual Report - 31 Mar 2020 “The number of permanent employees on the rolls of company: 356” Page 34 · Source 386 Annual Report - 31 Mar 2021 “The number of permanent employees on the rolls of company: 386” Page 34 · Source 426 Annual Report - 31 Mar 2022 “The number of permanent employees on the rolls of company: 426” Page 36 · Source 422 Annual Report - 31 Mar 2023 “The number of permanent employees on the rolls of company: 422” Page 37 · Source 339 Annual Report - 31 Mar 2024 “There were 339 permanent employees on the rolls of company as on 31st March, 2024.” Page 40 · Source 390 Annual Report - 31 Mar 2026 “There were 390 permanent employees on the rolls of company as on 31st March, 2026.” Page 40 · Source Garments as % of Total Turnover % 25.60 Annual Report - 31 Mar 2016 “Knitted Hosiery Garments: 25.60% to total turnover of the company” Page 31 · Source 6.00 Annual Report - 31 Mar 2017 “Knitted Hosiery Garments: 06.00% to total turnover of the company” Page 32 · Source 9.50 Annual Report - 31 Mar 2018 “Knitted Hosiery Garments: 09.50% to total turnover of the company” Page 28 · Source 12.91 Annual Report - 31 Mar 2019 “Knitted Hosiery Garments: 12.91% to total turnover of the company” Page 36 · Source 18.30 Annual Report - 31 Mar 2020 “Knitted Hosiery Garments: 18.30% to total turnover of the company” Page 38 · Source 18.89 Annual Report - 31 Mar 2023 “Garments: 5,349.23 (Disaggregated Revenue)” Page 98 · Source 19.46 Annual Report - 31 Mar 2024 “Garments: 5,195.23 (Disaggregated Revenue)” Page 93 · Source Garment Production Pieces 1,002,301 Annual Report - 31 Mar 2016 “Production of garments (Pieces): 1,002,301” Page 29 · Source 1,300,000 Annual Report - 31 Mar 2016 “Production of garments (Pieces): 1,300,000” Page 29 · Source 1,060,000 Annual Report - 31 Mar 2017 “Production of garments (Pieces): 1,060,000” Page 30 · Source 592,583 Annual Report - 31 Mar 2018 “Production of garments (Pieces): 592,583” Page 34 · Source
Cons
No explicit risk notes available.
Raw Insights
  • Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Electricity Consumption KWH 991,246.00 Annual Report - 31 Mar 2016 “Electricity Purchased Unit: 991,246” Page 29 · Source 1,953,311.00 Annual Report - 31 Mar 2016 “Electricity Purchased Unit: 1,953,311” Page 29 · Source 2,107,867.00 Annual Report - 31 Mar 2017 “Electricity Purchased Unit: 2,107,867” Page 30 · Source 3,053,894.00 Annual Report - 31 Mar 2018 “Electricity Purchased Units: 3,053,894” Page 34 · Source 3,112,712.00 Annual Report - 31 Mar 2019 “Purchased Units: 3,112,712” Page 34 · Source 3,490,982.00 Annual Report - 31 Mar 2020 “Purchased Units: 3,490,982” Page 36 · Source 3,710,337.00 Annual Report - 31 Mar 2021 “Purchased Units: 3,710,337” Page 37 · Source 3,969,617.00 Annual Report - 31 Mar 2022 “Purchased Units: 3,969,617” Page 39 · Source 4,408,936.00 Annual Report - 31 Mar 2023 “Purchased Units: 4,408,936” Page 40 · Source 4,658,961.00 Annual Report - 31 Mar 2024 “Purchased Units: 4,658,961” Page 42 · Source 4,753,947.00 Annual Report - 31 Mar 2026 “PURCHASED UNITS 4765599.89 4753947” Page 42 · Source 4,765,599.89 Annual Report - 31 Mar 2026 “PURCHASED UNITS 4765599.89 4753947” Page 42 · Source FOB Value of Exports (Foreign Exchange Earnings) Rs Lacs 1,390.49 Annual Report - 31 Mar 2016 “Rs. 1390.49 Lacs in the previous year” Page 11 · Source 798.76 Annual Report - 31 Mar 2016 “The Exports of the Company for the financial year ended 31st March, 2016 were to the tune of Rs. 798.76 Lacs” Page 11 · Source 1,179.47 Annual Report - 31 Mar 2018 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 1,179.47” Page 27 · Source 1,449.75 Annual Report - 31 Mar 2018 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 1,449.75” Page 27 · Source 719.20 Annual Report - 31 Mar 2019 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 719.20” Page 35 · Source 1,377.91 Annual Report - 31 Mar 2020 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 1377.91” Page 37 · Source 972.84 Annual Report - 31 Mar 2021 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 972.84” Page 38 · Source 1,648.99 Annual Report - 31 Mar 2022 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 1648.99” Page 41 · Source 3,284.40 Annual Report - 31 Mar 2023 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 3284.40” Page 42 · Source 1,222.30 Annual Report - 31 Mar 2024 “Foreign Exchange Earnings (FOB value of Exports, commission earned): 1,222.30” Page 43 · Source 1,324.28 Annual Report - 31 Mar 2026 “Foreign Exchange Earnings (FOB) value of Exports, commission earned) 798.59 1324.28” Page 43 · Source 798.59 Annual Report - 31 Mar 2026 “Foreign Exchange Earnings (FOB) value of Exports, commission earned) 798.59 1324.28” Page 43 · Source Husk Consumption for Steam Kg 2,782,975 Annual Report - 31 Mar 2016 “Husk for Steam (Kg): 2,782,975” Page 29 · Source 6,159,089 Annual Report - 31 Mar 2016 “Husk for Steam (Kg): 6,159,089” Page 29 · Source 6,272,065 Annual Report - 31 Mar 2017 “Husk for Steam (Kg): 6,272,065” Page 30 · Source 8,688,740 Annual Report - 31 Mar 2018 “Husk for Steam (Kg): 8,688,740” Page 34 · Source 7,664,890 Annual Report - 31 Mar 2019 “Husk for Steam (Kg): 7,664,890” Page 34 · Source 8,350,144 Annual Report - 31 Mar 2020 “Husk for Steam (Kg): 8,350,144” Page 36 · Source 7,626,554 Annual Report - 31 Mar 2021 “Husk for Steam (Kg): 7,626,554” Page 37 · Source 9,394,895 Annual Report - 31 Mar 2022 “Husk for Steam (Kg): 9,394,895” Page 39 · Source 8,934,830 Annual Report - 31 Mar 2023 “Husk for Steam (Kg): 8,934,830” Page 40 · Source 9,550,385 Annual Report - 31 Mar 2024 “Husk for Steam (KG): 9,550,385” Page 42 · Source 10,899,350 Annual Report - 31 Mar 2026 “b HUSK FOR STEAM Kg KG 1,10,46,555 1,08,99,350” Page 42 · Source 11,046,555 Annual Report - 31 Mar 2026 “b HUSK FOR STEAM Kg KG 1,10,46,555 1,08,99,350” Page 42 · Source Fabric Dyeing Capacity TPD 10 Annual Report - 31 Mar 2016 “10 tonnes Per Day Fabric Dyeing Capacity” Page 4 · Source 10 Annual Report - 31 Mar 2017 “10 tonnes Per Day Fabric Dyeing Capacity” Page 4 · Source 15 Annual Report - 31 Mar 2018 “15 tonnes Per Day” Page 4 · Source 15 Annual Report - 31 Mar 2019 “15 tonnes Per Day” Page 4 · Source 15 Annual Report - 31 Mar 2020 “15 tonnes Per Day” Page 4 · Source 15 Annual Report - 31 Mar 2021 “15 tonnes Per Day” Page 4 · Source 15 Annual Report - 31 Mar 2022 “15 tons Per Day” Page 4 · Source 15 Annual Report - 31 Mar 2023 “15 tons Per Day” Page 4 · Source 15 Annual Report - 31 Mar 2024 “15 tons per day Fabric Dyeing” Page 5 · Source 15 Annual Report - 31 Mar 2026 “15 tons Per Day Fabric Dyeing” Page 5 · Source Permanent Employees Count 271 Annual Report - 31 Mar 2016 “The number of permanent employees on the rolls of company: 271” Page 27 · Source 288 Annual Report - 31 Mar 2017 “The number of permanent employees on the rolls of company: 288” Page 28 · Source 342 Annual Report - 31 Mar 2018 “The number of permanent employees on the rolls of company: 342” Page 24 · Source 356 Annual Report - 31 Mar 2019 “The number of permanent employees on the rolls of company: 356” Page 32 · Source 356 Annual Report - 31 Mar 2020 “The number of permanent employees on the rolls of company: 356” Page 34 · Source 386 Annual Report - 31 Mar 2021 “The number of permanent employees on the rolls of company: 386” Page 34 · Source 426 Annual Report - 31 Mar 2022 “The number of permanent employees on the rolls of company: 426” Page 36 · Source 422 Annual Report - 31 Mar 2023 “The number of permanent employees on the rolls of company: 422” Page 37 · Source 339 Annual Report - 31 Mar 2024 “There were 339 permanent employees on the rolls of company as on 31st March, 2024.” Page 40 · Source 390 Annual Report - 31 Mar 2026 “There were 390 permanent employees on the rolls of company as on 31st March, 2026.” Page 40 · Source Garments as % of Total Turnover % 25.60 Annual Report - 31 Mar 2016 “Knitted Hosiery Garments: 25.60% to total turnover of the company” Page 31 · Source 6.00 Annual Report - 31 Mar 2017 “Knitted Hosiery Garments: 06.00% to total turnover of the company” Page 32 · Source 9.50 Annual Report - 31 Mar 2018 “Knitted Hosiery Garments: 09.50% to total turnover of the company” Page 28 · Source 12.91 Annual Report - 31 Mar 2019 “Knitted Hosiery Garments: 12.91% to total turnover of the company” Page 36 · Source 18.30 Annual Report - 31 Mar 2020 “Knitted Hosiery Garments: 18.30% to total turnover of the company” Page 38 · Source 18.89 Annual Report - 31 Mar 2023 “Garments: 5,349.23 (Disaggregated Revenue)” Page 98 · Source 19.46 Annual Report - 31 Mar 2024 “Garments: 5,195.23 (Disaggregated Revenue)” Page 93 · Source Garment Production Pieces 1,002,301 Annual Report - 31 Mar 2016 “Production of garments (Pieces): 1,002,301” Page 29 · Source 1,300,000 Annual Report - 31 Mar 2016 “Production of garments (Pieces): 1,300,000” Page 29 · Source 1,060,000 Annual Report - 31 Mar 2017 “Production of garments (Pieces): 1,060,000” Page 30 · Source 592,583 Annual Report - 31 Mar 2018 “Production of garments (Pieces): 592,583” Page 34 · Source

Financials of Bhandari Hosiery

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +54.1163.5260.2788.8358.0668.2663.0089.2362.9168.3359.0590.0550.85
Expenses +48.9757.1053.9881.6451.0061.8755.7381.8056.5061.3751.7583.0644.89
Operating Profit5.146.426.297.197.066.397.277.436.416.967.306.995.96
OPM %9.50%10.11%10.44%8.09%12.16%9.36%11.54%8.33%10.19%10.19%12.36%7.76%11.72%
Other Income +0.010.000.030.290.000.090.030.150.060.040.050.230.00
Interest2.202.852.863.283.212.682.762.722.582.572.912.592.42
Depreciation1.271.301.311.561.951.481.731.701.731.751.751.721.78
Profit before tax1.682.272.152.641.902.322.813.162.162.682.692.911.76
Tax %14.29%25.55%17.67%38.26%25.26%28.02%27.76%16.14%25.00%22.76%18.22%35.05%26.70%
Net Profit +1.441.681.771.641.431.672.022.651.622.072.191.891.30
EPS in Rs0.030.040.040.040.030.040.050.060.040.050.050.060.04

Financials of Bhandari Hosiery

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +125198214248266277225283282266278280268
Expenses +117183201231246255207260259241250252241
Operating Profit8151317202118232325282827
OPM %6%8%6%7%7%8%8%8%8%9%10%10%10%
Other Income +-0000000000000
Interest475791011101011111110
Depreciation1334455555777
Profit before tax3556662789101010
Tax %27%26%20%16%15%15%21%8%17%25%24%26%
Net Profit +2445552677887
EPS in Rs0.050.090.100.110.120.120.040.150.150.150.180.230.20
Dividend Payout %7%4%3%3%3%3%9%2%2%0%6%4%

Financials of Bhandari Hosiery

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital151515151515151515162433
Reserves37404449545961677283129150
Borrowings +4755738287105108103104122102106
Other Liabilities +171517262426243324292028
Total Liabilities116125149172180205207218216251276318
Fixed Assets +444146565365605652797469
CWIP001010201000
Investments000000000000
Other Assets +7284103115126140145162162172202249
Total Assets116125149172180205207218216251276318

Financials of Bhandari Hosiery

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-3-7-62-3-2-041210-25-7
Cash from Investing Activity +-15-0-9-14-2-17-21-3-23-2-1
Cash from Financing Activity +17814135183-5-10122727
Net Cash Flow-11-11-0-110-0-1-019
Free Cash Flow-18-8-14-12-5-19-2510-21-27-9
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-34%-41%-39%13%-13%-7%1%21%59%47%-81%-17%

Financials of Bhandari Hosiery

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days57567268587083898981116119
Inventory Days16610196105117121159125137157152174
Days Payable472121251918182022331932
Cash Conversion Cycle176136146147156173224194204205250262
Working Capital Days78595153616087817990140156
ROCE %8%12%8%10%10%10%7%9%10%10%9%8%

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