Bhandari Hosiery Exports Ltd

Bhandari Hosiery Exports Ltd. has demonstrated positive momentum in sales and profit growth. The TTM sales growth stands at 36%, and profit growth is at 47%, indicating a strong recent uptrend. However, without compounded sales and profit data for previous years, assessing long-term consistency is challenging. The limited historical data impacts the ability to fully evaluate the sustainability of this growth. Further, the absence of quarterly data hinders a detailed examination of sales and profit fluctuations, thus making it difficult to assess overall financial stability.

Bhandari Hosiery's capital efficiency, as indicated by ROCE and ROE, is relatively low. The current ROCE is 9.78%, and ROE is 7%. The historical ROCE data is not available and this lack of historical data limits the ability to assess the consistency and trend of capital efficiency over time. These metrics suggest that the company is not generating high returns from its capital investments and shareholder equity compared to its peers. The absence of asset turnover data further restricts a comprehensive assessment of how efficiently assets are being used to generate revenue.

The available data provides limited insight into Bhandari Hosiery's financial health. While specific details on debt levels and interest coverage are absent, the balance sheet indicates borrowings of ₹3.09 Cr as of March 2004. Without more recent or comprehensive debt information, it's challenging to assess the company's leverage and its ability to cover interest obligations adequately. The dividend yield is 0.36%, suggesting some profit sharing, but the absence of historical dividend payout data prevents an evaluation of consistency. Overall, a more detailed financial analysis is needed to determine the company's financial stability and prudence.

The shareholding pattern of Bhandari Hosiery indicates increasing confidence from promoters. Promoter holding has increased from 24.95% in March 2023 to 31.01% in March 2025. This increase suggests that the promoters are confident about the company's future prospects. However, the absence of significant FII and DII holdings may indicate a lack of institutional interest. The steady increase in the number of shareholders from 53,609 in March 2023 to 101,626 in March 2025 reflects growing public interest in the company.

There is no data available regarding any off-balance sheet exposure that Bhandari Hosiery Exports Ltd. may have. This absence restricts the ability to evaluate potential financial risks and obligations not reflected on the company's balance sheet. Without this information, the overall risk assessment is incomplete, as off-balance sheet items can significantly impact a company's financial stability.

There is no data available to evaluate the contingent liabilities of Bhandari Hosiery Exports Ltd. This lack of information makes it impossible to assess potential future obligations that could arise depending on the outcome of certain events. The absence of this data poses a significant challenge in comprehensively evaluating the company's risk profile.

Bhandari Hosiery's working capital management shows inefficiencies, particularly in inventory and cash conversion. Inventory days were 182.92 in March 2003 and increased to 235.48 in March 2004, indicating slow-moving inventory. The cash conversion cycle also increased from 225.94 days in March 2003 to 263.77 days in March 2004, reflecting a longer time to convert investments in inventory and receivables into cash. The absence of payable days data prevents a complete assessment of the working capital cycle. These factors suggest a need for improved operational efficiency in managing inventory and cash flow.