On 6 Nov 2026, Brand Concepts was priced at ₹136.40, or 174.9× trailing earnings, against an industry P/E of 35.5×, and the shares are 64% below their 52-week high. Sales grew 29% a year over 3 years while net profit fell 52%, with ROCE of 10% and ROE of 1.3%. Debt is 2.20× equity. It is a small-cap company with a market cap of ₹170 Cr, ranked 15th of 27 Footwear & Accessories companies by market cap; the shares fell 63% over the past year.
- ₹138.00
- ₹140.00
- ₹132.32
- ₹139.61
- 8.1K
Health check
- ReturnsBehind
−62.5% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 174.9 vs industry 35.5.
- GrowthSteady
Sales +28.7%, profit −51.9% a year over 3 years.
- ProfitabilityWeak
ROCE 10.3% vs peer median 15.5%.
- Balance sheetStretched
Debt 2.20× equity, interest covered 1.0×, Piotroski 3 of 9.
- Red flags5 to check
Return on equity is low at 1.3%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹170 Cr
- Small cap
- P/E
- 174.9
- Industry 35.5
- Price to book
- 2.06
- Peers 6.00
- Dividend yield
- 0.00%
- ROE
- 1.3%
- Peers 10.9%
- ROCE
- 10.3%
- Peers 15.5%
- Debt to equity
- 2.20
- Debt ₹182 Cr
- EPS (TTM)
- ₹0.78
- Face value ₹10
- OPM (TTM)
- 8.6%
- Net margin 0.3%
- Sales growth
- +11.0%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.48
- EV/EBITDA 17.3
Strengths and risks
Risks to check
- Return on equity is low at 1.3%.
- Debt is 2.20× equity.
- P/E of 174.9 against an industry P/E of 35.5.
- 64% below its 52-week high.
- Interest coverage of only 2.0×.
About Brand Concepts
Brand Concepts Limited manufactures and retails bags, travel gear, and fashion accessories in India and internationally. It offers travel gears, such as luggage trolleys, backpacks, business cases, overnighter, crossbody, duffels/gym bags, messenger bags, reporter and rucksacks, gift sets, and reporter bags; clutches, wallets, totes, satchels, and handbags for women; and small leather goods for men comprising belts and wallets, as well as socks under the…
- Headquarters
- Indore
- Employees
- 718
- Sector
- Consumer Cyclical
- ISIN
- INE977Y01011
- Website
- brandconcepts.in
Price range
- Avg volume (3M)
- 11.8K
- 1-year return
- minus 62.5%
- From 52-week high
- minus 64.1%
Peers · Footwear & Accessories
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BATAINDIABata India | 638.05 | plus 0.06% | 8,201 | 54.5 | 6.61 | 11.2% | 10.9% | 19.7% | 0.6% | −25.4% | 5.33% | minus 40.2% |
| RELAXORelaxo Footwears | 292.10 | plus 0.21% | 7,271 | 39.2 | 3.29 | – | 8.4% | 9.6% | −0.9% | 5.1% | 1.20% | minus 32.7% |
| SAFARISafari Industries (India) | 1,254.40 | plus 0.39% | 6,146 | 39.7 | 5.14 | 18.6% | 16.2% | 9.6% | 19.1% | 10.3% | 0.32% | minus 40.6% |
| CAMPUSCampus Activewear | 197.99 | minus 1.03% | 6,052 | 39.3 | 6.67 | 20.7% | 18.1% | 45.0% | 6.1% | 8.6% | 0.76% | minus 27.5% |
| REDTAPERedtape | 106.57 | minus 0.91% | 5,891 | 23.2 | 6.00 | 29.5% | 26.6% | 15.1% | 18.3% | 19.2% | 1.88% | minus 21.5% |
| VIPINDVIP Industries | 239.55 | minus 4.31% | 3,403 | – | 16.30 | −50.6% | −74.6% | −14.7% | −3.8% | – | 0.00% | minus 38.4% |
| BILBhartiya International | 1,071.00 | minus 2.74% | 1,436 | 55.8 | 2.91 | 12.4% | 2.9% | 8.9% | 18.9% | −40.1% | 0.00% | plus 29.5% |
| BCONCEPTSBrand Concepts | 136.40 | minus 2.30% | 170 | 174.9 | 2.06 | 10.3% | 1.3% | 8.6% | 28.7% | −51.9% | 0.00% | minus 62.5% |
| Median of 7 peers | – | −0.91% | 6,052 | 39.5 | 6.00 | 15.5% | 10.9% | 9.6% | 6.1% | 6.9% | 0.76% | −32.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 71.7 | 97.6 | 88.3 | 90.9 | 79.6 | |
| 68.7 | 86.6 | 81.8 | 82.2 | 75.3 | |
| 3 | 11 | 6.5 | 8.7 | 4.3 | |
| 4.2% | 11.3% | 7.4% | 9.6% | 5.4% | |
| 0.6 | 0.3 | 0.5 | 0 | 1.1 | |
| 3.3 | 4.1 | 4.2 | 4.5 | 4.5 | |
| 3.3 | 4.6 | 1.3 | 3.7 | 4 | |
| – | – | −0.8 | – | – | |
| −3.1 | 2.6 | 0.6 | 0.4 | −3.1 | |
| 11.0% | 11.6% | −0.1% | −105.9% | 8.3% | |
| −2.7 | 2.3 | 0.6 | 0.9 | −2.8 | |
| -2.19 | 1.85 | 0.50 | 0.70 | -2.27 |
Profit & loss
- Sales CAGR 3Y
- +28.7%
- Profit CAGR 3Y
- −51.9%
- EPS CAGR 3Y
- −54.9%
- ROE
- 1.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 163 | 290 | 292 | 348 | |
| – | +77.8% | +0.6% | +19.2% | |
| 142 | 260 | 260 | 319 | |
| 21.5 | 30.3 | 31.5 | 29.1 | |
| 13.2% | 10.5% | 10.8% | 8.4% | |
| −1.4 | −0.8 | −0.3 | −0.9 | |
| 3.2 | 5.2 | 10.8 | 14.3 | |
| 3.5 | 7.1 | 12.9 | 13 | |
| −0 | 0.9 | 0.1 | −0.3 | |
| 13.5 | 18.2 | 7.7 | 0.7 | |
| 25.4% | 33.4% | 31.9% | −64.5% | |
| 9.8 | 12 | 5.2 | 1.1 | |
| – | +23.2% | minus 56.6% | minus 79.2% | |
| 9.36 | 9.80 | 4.13 | 0.86 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.6 | 12.3 | 12.4 | 12.5 | |
| 17 | 53.7 | 67.4 | 70.2 | |
| 35.1 | 80 | 140 | 182 | |
| 32.1 | 47.7 | 53.1 | 97.8 | |
| 94.9 | 194 | 273 | 362 | |
| 15.5 | 46 | 83.3 | 105 | |
| 0.2 | – | 24.3 | – | |
| 1.5 | 3.1 | 4.3 | 4.7 | |
| 0.6 | 0.6 | 0.3 | 0.2 | |
| 77.2 | 144 | 161 | 252 | |
| 94.9 | 194 | 273 | 362 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.7 | −2.7 | −2.8 | −11.6 | |
| −8.9 | −19.5 | −27.6 | −18.2 | |
| −2.6 | 22.1 | 30.2 | 29.7 | |
| 0.2 | −0.1 | −0.2 | −0.2 | |
| −8.9 | −19.9 | −28.5 | −18.9 | |
| 2.7 | −22.7 | −31.3 | −30.5 | |
| −0.5 | −0.5 | – | – |
Shareholding pattern
- Promoters52.11%
- Public47.89%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 52.11% | 47.89% | 0.00 | |
| 30 Jun 2026 | 52.11% | 47.89% | 0.00 | |
| 31 Mar 2026 | 52.11% | 47.89% | 0.00 | |
| 31 Dec 2025 | 52.11% | 47.89% | minus 0.25 | |
| 30 Sep 2025 | 52.36% | 47.64% | – |
Major shareholders
Filings & events
News
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