Minerva Capital Research Solutions

Bhandari Hosiery Exports

NSE: BHANDARIBSE: 512608
Compare with peers
₹ 2.65▼ 0.05 (−1.85%)28 Oct, 03:23 pm IST
Market cap
₹ 87 Cr.
P/E
202x
P/B
0.48x
52-week range
2 – 4.15
ROE
5%
ROCE
8%
Dividend yield
0.4%
Debt / equity
0.58
Sector
Textiles & Apparels
Industry
Other Textile Products
Listed on
NSE, BSE

About

Bhandari Hosiery Exports Limited is an India-based garment manufacturing company. The Company is mainly engaged in the business of manufacturing textiles consisting of fabric and garments. It operates in the textiles segment. It provides customers with a comprehensive textile solution from design and development to knitting, dyeing, finishing and garmenting. It is involved in the manufacture of knitted fabrics, Kora and dyed, and is also in the manufacture and export of knitted hosiery garments such as T-Shirts, Pullovers, Sweatshirts, Bermudas, Polo Shirts, tracksuits, Pajamas, Lowers, Ladies Knitted Tops with embroidery and prints, among others and manufacture, processing and trading of dyed and non-dyed fabrics at domestic and international levels. Its export sales include Germany, the United States of America (USA), the United Kingdom, Dubai and other countries of the European Union (EU).

Quick check

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Compared with its industry

Other Textile Products: 275 companies →

Bhandari Hosiery Exports against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)202 against a typical 16.7: pricier than most peers (1st = cheapest).248th of 268
  • Sales growth−19.2% against a typical +6.7% from a year earlier.180th of 234
  • Profit growth−19.8% against a typical +12.9% from a year earlier.102nd of 166
  • Share price, 3 months−8% against a typical −4%.142nd of 240
  • Size₹ 86.9 Cr. market value against a typical ₹ 58.7 Cr. (1st = largest).109th of 256

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Moderate safety, with caution

Rated BBB by CRISIL
BBB
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CRISILCrisil BBBStable2 Mar 2026
Credit rating actions
RatingDetails
2 Mar 2026
Reaffirmed
Crisil BBB—CRISIL₹ 125.91 Cr.

Research by Minerva Capital Research Solutions

Our research team's work on Bhandari Hosiery Exports

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Board meetings

Results dates and other board meetings. Full calendar

Details
13 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
29 May 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend
6 May 2026Other business mattersto consider and approve the monitoring agency report for the funds utilisation raised through Rights Issue.
6 Apr 2026Other business mattersit is hereby informed that, a meeting of the Board of Directors of Bhandari Hosiery Exports Limited ( the Company ) is scheduled to be held on Monday 6th April, 2026, inter-alia, to consider the modification in the utilization of funds raised through Rights Issue recently concluded in lieu of under subscription of the issue.
14 Feb 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
25 Dec 2025Fund RaisingPursuant to Regulation 29 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that, a meeting of the Board of Directors of Bhandari Hosiery Exports Limited ( the Company ) is scheduled to be held on Friday 2nd January, 2026, inter-alia, to consider raising long term Equity funds for an amount upto Rs. 50 Cr. with an objective inter alia to strengthen the working capital requirements of the company through a Rights Issue.

Share price

1Y change −35.68%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales646089586863896368599051
Expenses575482516256825761528345
Operating Profit667767767776
OPM %10.1%10.4%8.1%12.2%9.4%11.5%8.3%10.2%10.2%12.4%7.8%11.7%
Other Income000000000000
Interest333333333332
Depreciation112212222222
Profit before tax223223323332
Tax %25.6%17.7%38.3%25.3%28%27.8%16.1%25%22.8%18.2%35.1%26.7%
Net Profit222122322221
EPS in Rs0.040.040.040.030.040.050.060.040.050.050.060.04

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
4%
5 Years
4%
3 Years
0%
TTM
−5%
Compounded Profit Growth
10 Years
7%
5 Years
35%
3 Years
6%
TTM
−6%
Stock Price CAGR
10 Years
1%
5 Years
6%
3 Years
−14%
TTM
—
Return on Equity
10 Years
6%
5 Years
6%
3 Years
6%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
41.83%
+10.82 pts in a year
FIIs
0%
0 pts in a year
Public
58.17%
−10.81 pts in a year

P/E and EPS over time

Daily price to earnings ratio.

P/E 202xMedian P/E 209.2x
P/E (times)

Peers

Listed companies in the same business.

Peer comparison
Bhandari Hosiery Exports₹ 2.65₹ 87 Cr.202x0.5x5%—
Page Industries₹ 33,774.65₹ 38,894 Cr.56.7x29.9x52.5%14.6%
Vardhman Textiles₹ 495.00₹ 14,319 Cr.23.3x1.7x7.3%7.6%
Pearl Global Industries₹ 1,225.00₹ 11,273 Cr.34.7x6.6x21.2%5.4%
Indo Count Industries₹ 390.35₹ 7,721 Cr.58x3.3x5.4%3%
Gokaldas Exports₹ 673.70₹ 4,937 Cr.64.5x2.9x4.7%2.5%

Management

Nitin Bhandari
Chairman of the Board, Managing Director
Deepak Sharma
Chief Financial Officer
Shilpa Tiwari
Compliance Officer, Company Secretary

Prices are delayed and for information only. Nothing on this page is investment advice.