On 6 Nov 2026, Bhartiya International was priced at ₹1,071.00, or 55.8× trailing earnings, against an industry P/E of 35.5×. Sales grew 19% a year over 3 years while net profit fell 40%, with ROCE of 12% and ROE of 2.9%. Debt is 1.11× equity. It is a small-cap company with a market cap of ₹1,436 Cr, ranked 7th of 27 Footwear & Accessories companies by market cap; the shares rose 29% over the past year.
- ₹1,130.00
- ₹1,138.00
- ₹1,040.20
- ₹1,101.20
- 4K
Health check
- ReturnsAhead
+29.5% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 55.8 vs industry 35.5.
- GrowthSteady
Sales +18.9%, profit −40.1% a year over 3 years.
- ProfitabilityWeak
ROCE 12.4% vs peer median 18.6%.
- Balance sheetFair
Debt 1.11× equity, interest covered 1.6×, Piotroski 6 of 9.
- Red flags3 to check
Return on equity is low at 2.9%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,436 Cr
- Small cap
- P/E
- 55.8
- Industry 35.5
- Price to book
- 2.91
- Peers 6.00
- Dividend yield
- 0.00%
- ROE
- 2.9%
- Peers 10.9%
- ROCE
- 12.4%
- Peers 18.6%
- Debt to equity
- 1.11
- Debt ₹542 Cr
- EPS (TTM)
- ₹19.20
- Face value ₹10
- OPM (TTM)
- 8.2%
- Net margin 1.8%
- Sales growth
- +33.2%
- Latest quarter vs a year ago
- Profit growth
- +218.1%
- Latest quarter vs a year ago
- Price to sales
- 0.99
- EV/EBITDA 13.9
Strengths and risks
Strengths
- Quarterly profit up 218.1% on a year ago.
- Quarterly sales up 33.2% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 2.9%.
- P/E of 55.8 against an industry P/E of 35.5.
- Interest coverage of only 2.2×.
About Bhartiya International
Bhartiya International Ltd., together with its subsidiaries, manufactures and trades in leather and textile products in India. The company offers leather outerwear, bags, accessories, belts, wallets, fur products, and other small leather goods, as well as textile apparel, knitted and woven garments, sleepwear, puffers, jackets, non-leather bags, leather finishing; and design studio services. It also engages in the development of cities, homes, IT and…
- Headquarters
- Gurugram
- Employees
- 595
- Sector
- Consumer Cyclical
- ISIN
- INE828A01016
- Website
- bhartiya.com
Price range
- Avg volume (3M)
- 16.2K
- 1-year return
- plus 29.5%
- From 52-week high
- minus 6.9%
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% |
| SREELSreeleathers | 272.70 | plus 1.28% | 631 | 19.0 | 1.27 | – | 6.7% | 14.9% | – | – | 0.73% | plus 19.3% |
| Median of 7 peers | – | 0.06% | 6,052 | 39.2 | 6.00 | 18.6% | 10.9% | 14.9% | 3.4% | 8.6% | 0.76% | −32.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 280 | 399 | 366 | 313 | 373 | |
| 253 | 359 | 337 | 299 | 337 | |
| 27.1 | 40.1 | 28.7 | 13.7 | 36 | |
| 9.7% | 10.0% | 7.8% | 4.4% | 9.7% | |
| −0.4 | −4.4 | 0.7 | 0 | 3.1 | |
| 11.6 | 13.1 | 12.5 | 12.5 | 11.8 | |
| 6.5 | 6.5 | 6.5 | 7.4 | 4.3 | |
| 8.7 | 16.2 | 10.4 | −6.2 | 23 | |
| 35.5% | 38.5% | 35.3% | −42.6% | 22.9% | |
| 5.6 | 9.9 | 6.7 | −8.8 | 17.8 | |
| 4.22 | 7.56 | 5.06 | -6.63 | 13.21 |
Profit & loss
- Sales CAGR 3Y
- +18.9%
- Profit CAGR 3Y
- −40.1%
- EPS CAGR 3Y
- −41.7%
- ROE
- 2.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 801 | 778 | 1,002 | 1,348 | |
| – | minus 2.9% | +28.9% | +34.5% | |
| 692 | 703 | 895 | 1,247 | |
| 109 | 74.6 | 107 | 102 | |
| 13.6% | 9.6% | 10.7% | 7.5% | |
| 16.8 | −3.5 | −14.6 | 4.9 | |
| 32.1 | 39.1 | 41.8 | 45.7 | |
| 25.2 | 25.5 | 25.8 | 26.8 | |
| 0 | 0.4 | – | −4.9 | |
| 68.5 | 6.9 | 24.9 | 29 | |
| 8.7% | 97.2% | 37.4% | 53.7% | |
| 62.6 | 0.2 | 15.7 | 13.4 | |
| – | minus 99.6% | +6930.9% | minus 14.2% | |
| 51.21 | 0.20 | 12.47 | 10.13 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.2 | 12.2 | 13 | 13.4 | |
| 374 | 376 | 434 | 473 | |
| 501 | 517 | 479 | 542 | |
| 125 | 192 | 246 | 331 | |
| 1,013 | 1,097 | 1,172 | 1,359 | |
| 154 | 149 | 143 | 156 | |
| 0.3 | 1.5 | 2.9 | 11.8 | |
| 0.4 | 0.4 | 0.9 | 0.4 | |
| 8.7 | 27.1 | 113 | 32 | |
| 849 | 920 | 913 | 1,159 | |
| 1,013 | 1,097 | 1,172 | 1,359 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.6 | 65.8 | 44.3 | 19.3 | |
| −21.6 | −21.2 | −14 | −19.1 | |
| −14.5 | −26.3 | −45.4 | 19.9 | |
| −24.5 | 18.3 | −15.1 | 20 | |
| −21.4 | −7.3 | −7.4 | −19.2 | |
| −9.8 | 58.5 | 36.9 | 0.1 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.