On 6 Nov 2026, Bhatia Communications & Retail (India) was priced at ₹37.61, or 25.9× trailing earnings, against an industry P/E of 25.9×, and the shares are 10% below their 52-week high. Sales and net profit grew 20% and 25% a year over 3 years, with ROCE of 14% and ROE of 19%. Debt is 0.30× equity, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹529 Cr, ranked 5th of 15 Electronics & Computer Distribution companies by market cap; the shares rose 44% over the past year.
- ₹38.07
- ₹38.50
- ₹37.50
- ₹38.85
- 33.6K
Health check
- ReturnsAhead
+44.5% over a year, better than 5 of 7 peers.
- Price tagIn line
P/E 25.9 vs industry 25.9.
- GrowthSlow
Sales +20.0%, profit +25.5% a year over 3 years.
- ProfitabilityWeak
ROCE 13.5% vs peer median 21.1%.
- Balance sheetFair
Debt 0.30× equity, interest covered 17.0×, Piotroski 4 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹529 Cr
- Small cap
- P/E
- 25.9
- Industry 25.9
- Price to book
- 3.63
- Peers 3.59
- Dividend yield
- 0.11%
- ROE
- 18.9%
- Peers 13.9%
- ROCE
- 13.5%
- Peers 21.1%
- Debt to equity
- 0.30
- Debt ₹44 Cr
- EPS (TTM)
- ₹1.45
- OPM (TTM)
- 4.3%
- Net margin 3.2%
- Sales growth
- +70.3%
- Latest quarter vs a year ago
- Profit growth
- +90.2%
- Latest quarter vs a year ago
- Price to sales
- 0.72
- EV/EBITDA 15.6
Strengths and risks
Strengths
- Return on equity of 18.9%.
- Quarterly profit up 90.2% on a year ago.
- Quarterly sales up 70.3% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Bhatia Communications & Retail (India)
Bhatia Communications & Retail (India) Limited engages in retail and wholesale distribution of mobile handsets, tablets, data-cards, mobile accessories, and mobile related products in India. The company is also involved in retail distribution of home appliances, such as smart, LED, and LCD TVs; and air conditioners and coolers, microwaves, refrigerators, washing machines, and other home appliances. It operates through a network of retail and franchised…
- Headquarters
- Surat
- Employees
- 171
- Sector
- Technology
- ISIN
- INE341Z01025
- Website
- bhatiamobile.com
Price range
- Avg volume (3M)
- 1.9 L
- 1-year return
- plus 44.5%
- From 52-week high
- minus 10.4%
Peers · Electronics & Computer Distribution
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OPTIEMUSOptiemus Infracom | 746.75 | minus 10.14% | 6,733 | 91.7 | 7.25 | 10.4% | 9.2% | 4.6% | 15.4% | 16.4% | 0.00% | plus 43.1% |
| RPTECHRashi Peripherals | 738.55 | minus 14.82% | 4,904 | 15.6 | 2.17 | – | 14.0% | 2.9% | – | – | 0.27% | plus 158.7% |
| CNLCreative Newtech | 1,327.90 | minus 4.35% | 1,994 | 28.0 | 5.03 | 25.5% | 20.9% | 4.1% | 24.7% | 36.0% | 0.04% | plus 93.9% |
| DCIDc Infotech And Communication | 329.35 | minus 1.04% | 540 | 24.7 | 5.01 | 32.2% | 23.6% | 4.9% | 27.0% | 44.2% | 0.03% | plus 32.0% |
| BHATIABhatia Communications & Retail (India) | 37.61 | minus 3.19% | 529 | 25.9 | 3.63 | 13.5% | 18.9% | 4.3% | 20.0% | 25.5% | 0.11% | plus 44.5% |
| HCL-INSYSHCL Infosystems | 9.77 | minus 2.30% | 322 | – | −1.08 | – | – | −335.0% | −11.7% | – | 0.00% | minus 37.0% |
| EMPOWEREmpower India | 1.27 | minus 4.51% | 148 | 7.9 | 0.58 | 5.6% | 5.7% | 1.6% | 150.7% | 382.9% | 0.00% | minus 43.0% |
| SHRAAITECHShradha AI Technologies | 18.56 | plus 1.37% | 113 | 12.1 | – | 21.1% | 13.8% | 59.1% | 53.6% | 145.8% | 3.23% | minus 50.6% |
| Median of 7 peers | – | −4.35% | 540 | 20.1 | 3.59 | 21.1% | 13.9% | 4.1% | 25.8% | 44.2% | 0.03% | 32.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 112 | 134 | 175 | 170 | 190 | |
| 106 | 129 | 168 | 164 | 180 | |
| 5.6 | 5.6 | 7.4 | 6 | 10.1 | |
| 5.0% | 4.2% | 4.2% | 3.5% | 5.3% | |
| 0.6 | 0.7 | 0.7 | 1.8 | 0.7 | |
| 0.6 | 0.9 | 0.7 | 0.6 | 0.5 | |
| 0.9 | 0.7 | 0.7 | 0.7 | 1.2 | |
| 4.8 | 4.7 | 6.6 | 6.6 | 9.1 | |
| 24.9% | 21.3% | 25.2% | 31.2% | 25.1% | |
| 3.6 | 3.7 | 4.9 | 4.5 | 6.8 | |
| 0.29 | 0.26 | 0.36 | 0.35 | 0.48 |
Profit & loss
- Sales CAGR 3Y
- +20.0%
- Profit CAGR 3Y
- +25.5%
- EPS CAGR 3Y
- +24.5%
- ROE
- 18.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 342 | 414 | 443 | 591 | |
| – | +20.8% | +7.0% | +33.6% | |
| 330 | 397 | 423 | 567 | |
| 12.4 | 16.8 | 19.9 | 24.6 | |
| 3.6% | 4.1% | 4.5% | 4.2% | |
| 0.7 | 0.9 | 0.9 | 2.4 | |
| 0.9 | 1 | 0.7 | 1.4 | |
| 1.1 | 1.5 | 1.8 | 2.9 | |
| 0.2 | 0.1 | −0 | – | |
| 11.3 | 15.4 | 18.3 | 22.7 | |
| 25.0% | 25.1% | 24.5% | 26.1% | |
| 8.5 | 11.5 | 13.8 | 16.8 | |
| – | +35.7% | +20.0% | +21.3% | |
| 0.68 | 0.92 | 0.98 | 1.31 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.5 | 12.5 | 12.5 | 14.1 | |
| 42 | 53.6 | 76.1 | 119 | |
| 18.9 | 21.2 | 8.3 | 10.1 | |
| 21.4 | 29.6 | 34.1 | 55.8 | |
| 94.9 | 117 | 131 | 199 | |
| 7.8 | 9.6 | 12.5 | 29 | |
| 10.9 | 15.5 | 6.7 | 8.6 | |
| 76.2 | 91.7 | 112 | 161 | |
| 94.9 | 117 | 131 | 199 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.2 | 4.9 | 5.2 | 1.5 | |
| −0.4 | −0.9 | −8.1 | −19 | |
| 1.3 | 0.6 | −5.9 | 19.4 | |
| 9.1 | 4.6 | −8.9 | 2 | |
| −1.8 | −3.3 | −4.7 | −19.4 | |
| 6.4 | 1.6 | 0.5 | −17.9 | |
| −0.2 | – | −0.5 | −0.5 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.