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Bhartiya International Ltd.

Bhartiya International Ltd.

BIL.NS
Bhartiya International Ltd.IN flagNational Stock Exchange of India
764.75
INR
-20.25
- -
10.26BMarket Cap
Bhartiya International Ltd.
BIL.NS
(National Stock Exchange of India)

Recent

price

764.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
225.11
249.26
279.36
374.56
500.37
546.1
502.13
556.2
586.36
567.07
437.21
548.93
656.1
697.96
839.06
1,026.63
1,033.51
Revenue per Share
7.36
11.39
9.35
13.12
18.83
21.69
15.38
14.39
16.24
17.44
-5.04
-13.54
51.29
0.2
12.77
10.16
10.23
Basic EPS, GAAP
-25.48
-9.19
-15.92
-25.88
-29.49
-25.39
-20.97
-74.22
-2
-14.35
7.77
14.39
-8.01
52.48
30.06
15.79
- -
Free Cash Flow per Basic Share
1.17
1.17
1.2
1.18
1.18
1.2
1.44
1.43
1.46
1.45
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
72.68
72.73
74.16
82.8
97.04
121.27
129.95
137.36
151.39
105.3
100.22
86.64
137.93
151.35
150.85
10.14
10.21
Book Value per Share
136.99
131.57
131.85
141.77
158.67
202.11
226.06
307.11
322.83
283.53
224.52
221.12
284.86
325.92
354.28
367.71
370.17
Tangible Book Value per Share
9
10
11
11
11
11
12
12
12
12
12
12
12
11
12
13
13
Basic Weighted Avg Shares
1,952
2,507
3,031
4,144
5,581
6,222
5,895
6,749
7,145
6,917
5,335
6,701
8,009
7,775
10,293
13,580
13,580
Sales/Revenue/Turnover
8.07
10.54
8.67
8.29
7.21
6.85
3.66
5.52
7.66
8.33
5.86
2.6
10.47
8.56
6.28
6.88
6.88
Operating Margin (%)
28
29
32
40
63
60
56
75
81
100
103
238
252
255
258
268
268
Depreciation Expense
64
115
101
145
210
247
181
175
198
213
-61
-165
626
2
157
134
134
Net Income, GAAP
33.71
28.19
30.05
30.86
28.42
28.84
31.01
32.59
32.57
17.02
- -
- -
8.66
97.15
37.36
53.68
53.68
Effective Tax Rate (%)
3.27
4.57
3.35
3.5
3.76
3.97
3.06
2.59
2.77
3.08
-1.15
-2.47
7.82
0.03
1.52
0.99
0.99
Profit Margin (%)
380
467
685
856
1,035
1,492
1,625
1,762
1,856
1,823
2,404
2,945
2,836
2,621
3,122
4,051
4,051
Working Capital
62
89
272
314
314
342
305
473
598
646
1,277
1,714
1,648
1,064
690
999
999
LT Debt
1,195
1,330
1,440
1,580
1,786
2,325
2,675
3,749
3,950
3,468
3,403
3,233
3,879
3,900
4,486
4,873
4,873
Total Equity
6.21
9.73
8.14
8.35
8.14
7.19
2.99
3.98
4.9
6.06
- -
- -
9.04
0.21
4.4
4.38
4.38
Return on Invested Capital (%)
5.48
8.22
6.14
11.26
10.89
10.07
6.76
6.36
6.64
6.42
- -
- -
14.65
0.21
6.53
5.98
5.98
Return on Capital (%)
10.54
16.82
13.2
16.87
21.02
20.06
12.42
10.94
11.27
13.6
-4.9
-14.5
45.68
0.13
8.86
13.54
13.54
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
4,419
- -
4,421
LT Borrowings
592
- -
922
LT Finance Leases
27
- -
77
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
- -
13
Market Capitalization
10,658
9,281
8,655

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
11,068
- -
11,620
Cash, Cash Equivalents & STI
1,614
- -
1,480
Accounts Receivable, Net
2,438
- -
2,729
Inventories
6,701
- -
6,884
Total Current Liabilities
7,722
- -
7,569
Payables & Accruals
- -
- -
- -
ST Debt
4,419
- -
4,421
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.57%
7.84%
8.64%
Free Cash Flow
-23.31%
-169.82%
-43.37%
Net Income, GAAP
636.88%
1,301.43%
-14.2%
Sales/Revenue/Turnover
9.55%
21.3%
31.94%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,719
2,276
1,984
1,583
7,775
2025
2,292
2,959
2,630
2,411
10,293
2026
2,800
3,994
3,660
3,127
13,580

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-2.9
4.58
-2.66
- -
0.2
2025
-4.44
6.27
-1.24
12.17
12.77
2026
4.26
7.61
5.09
-6.63
10.16

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Bhartiya International Ltd. is a leading manufacturer and exporter of leather apparel and accessories headquartered in Gurugram, India. Founded in 1987, the company operates primarily in the leather products and textile apparel segments, specializing in leather outerwear, bags, belts, wallets, fur products, and other small leather goods, alongside textile apparel and leather finishing services. It manages approximately nine production facilities in the Bangalore-Chennai region and extends its manufacturing capabilities to China and Italy. Bhartiya International also engages in real estate development, including industrial parks, retail spaces, hotels, and convention centers. The company’s product portfolio includes leather garments such as jackets, skirts, and other apparel; leather goods including handbags, wallets, belts, cigarette cases, tool bags, sports bags, and other containers made from leather or composition leather; as well as textile apparel and related design studio services. Bhartiya International serves global fashion brands, supplying leather and textile products primarily for export markets. The company’s subsidiaries include Bhartiya Global Marketing Ltd., J&J Leather Enterprises Ltd., Bhartiya International SEZ Ltd., Bharatiya Fashion Retail Ltd., World Fashion Trade Ltd., BIL Group LLC, Ultima S.A., and Ultima Italia SRL. Recent strategic developments include the appointment of N Balasubramanian as Business Head – Outerwear, effective November 2025, marking an expansion in leadership for their outerwear segment. The company has also held multiple board meetings in 2025 to approve its quarterly and half-year financial results, reflecting ongoing operational and financial management activity. Bhartiya International continues to balance its manufacturing and export activities with developmental ventures in the SEZ and real estate sectors, affirming its diversified business approach and sustained growth focus in both domestic and international markets. The company maintains a promoter holding majority and includes several subsidiaries and associate companies that support its core leather and textile operations as well as real estate development.