BILConsumer Discretionary

Bhartiya International Limited

Leather And Leather Products · ISIN INE828A01016 · BSE 526666 · NSE EQ · FV ₹10
Last price
₹1,023
-1.24%today
What this company does

Bhartiya International Limited operates in Leather And Leather Products, part of the Consumer Discretionary sector. It booked ₹373 cr of revenue in its latest quarter (Q1 FY27) and kept 4.8% of sales as profit. It is the 2nd largest of 6 Leather And Leather Products companies we track, by market value.

In the report:
59out of 100
Equitytale Health Score
Mixed

Healthier than 59% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
67

At close. Not part of the score.

Profitability & returns71

How much profit it earns on the money it employs

Balance sheet28

How much it owes, and whether earnings cover the interest

Cash quality78

Whether reported profit actually arrives as cash

Growth & consistency52

Whether sales and profit have grown, and how steadily

Valuation44

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 33% vs last year
Profit up 218% vs last year
Promoters hold 61%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 4.8% net margin
! Carries high debt (D/E 1.1)

What if I invest in BIL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,023 -1.24%
latest close · 2026-09-17
1-year return
+402.8%
52-wk low ₹15252-wk high ₹1,150
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio19.4Average
LowAverageHigh
P/B ratio2.82Moderate
Below bookModerateHigh
EV / EBITDA12.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.6%Fair
WeakFairStrong ▸15%
Return on capital22.3%Strong
WeakFairStrong
Net margin4.8%Thin
ThinDecentStrong
EBITDA margin10.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.09High
LowModerateHigh ▸1
Interest cover2.8×Okay
RiskyOkayStrong ▸5×
Current ratio1.54Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,372 cr
Book value
₹363
EPS
₹13.21
latest quarter
Net debt
₹500 cr
owes more than its cash
Enterprise value
₹1,873 cr
EBITDA
₹152 cr
annualised
EBIT
₹134 cr
annualised
Operating margin
9.0%
Return on assets
5.2%
Earnings yield
5.16%
P/S
0.92
Sales / share
₹1,112.0
Tax rate
24.2%
Face value
₹10
Shares
1.3 cr
Working capital
₹405 cr
Current assets
₹1,162 cr
Current liabilities
₹757 cr
Delivery %
61.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹145₹286, midpoint ₹216

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹373 cr
Other Income₹2 cr
Total Income₹375 cr
Cost of Materials₹200 cr
Purchases of Stock-in-Trade₹61 cr
Inventory Change (±)₹-53 cr
Employee Benefit Expense₹24 cr
Finance Costs₹12 cr
Depreciation & Amortisation₹4 cr
Other Expenses₹104 cr
Total Expenses₹353 cr
Profit before Tax₹22 cr
Tax Expense₹5 cr
Share of JV / Associates₹1 cr
Net Profit₹18 cr
Net margin on total income4.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹208 cr55.3%
Employee benefit expense₹24 cr6.5%
Finance costs₹12 cr3.1%
Depreciation & amortisation₹4 cr1.1%
Other expenses₹104 cr27.8%
Tax expense₹5 cr1.4%
Profit for the period₹18 cr4.7%
Total income ₹375 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue366 cr313 cr373 cr
Total income367 cr313 cr375 cr
Expenses356 cr308 cr353 cr
Profit before tax10 cr5 cr22 cr
Tax4 cr3 cr5 cr
Net profit (owners' share)7 cr-9 cr18 cr
Net margin (owners' share, on revenue)1.8%-2.8%4.8%
EPS (₹)5.09-6.6313.21
YoY (latest quarter): total income +33.4% · net profit +218.1%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹1,359 cr
Shareholder equity
₹487 cr
parent shareholders
Total debt
₹532 cr
Cash
₹32 cr
Cash flow · H1 FY26
Operating
₹27 cr
Investing
₹-13 cr
Financing
₹14 cr
Peer comparison
Leather And Leather Products · by market value
CompanyPriceMarket capP/E
Mayur Uniquoters Ltd₹750₹3,259 cr14.5
Bhartiya International Limitedthis company₹1,023₹1,372 cr19.4
Mirza International Limited₹30₹408 cr
Superhouse Limited₹168₹180 cr10.2
Zenith Exports Limited₹197₹106 cr
AKI India Limited₹6₹60 cr29.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1.2
ex 18 Sep 2019
ActionDetailEx-date
Dividend₹1.2 / share18 Sep 2019
Dividend₹1.2 / share19 Sep 2018
Dividend₹1.2 / share19 Sep 2017
Dividend₹1.2 / share21 Sep 2016
Dividend₹1 / share11 Sep 2015
Dividend₹1 / share27 Aug 2014
Who owns it · 2026-06-30
No pledge
Promoter
61.2%
FII / Foreign
7.4%
DII / Domestic
0.3%
Retail / others
31.1%
Promoter stake up 3.8% over the last 12 quarters.
Smart-money activity
Insider trades
SoldEUGENE ANAND · Employee425 · ₹4.5 L10 Sep 26
BoughtSanjay Jawa · Employee50 · ₹53,25010 Sep 26
BoughtPratibha Pahwa · Employees Immediate Relative50 · ₹46,3258 Sep 26
Bulk / block deals
BoughtWEST SEAS ENTERPRISES LLP · NSE62,000 @ ₹460.4827 Mar 25
SoldAQUA TRADING LLP · NSE61,714 @ ₹460.4827 Mar 25
SoldPRONOMZ VENTURES LLP · NSE1.66 L @ ₹15826 May 22
Stake changes
BoughtUrbanac Projects Private Limited · promoter→ 8.95% · 4.26 L2 Sep 25
BoughtUrbanac Projects Private Ltd · promoter→ 5.97% · 7.75 L19 Mar 25
BoughtUrbanac Project Private Limited · promoter→ 0.00% · 12.01 L14 Jun 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
ADOPTION OF AUDITED FINANCIAL STATEMENTS (STANDALONE & CONSOLIDATED) OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025 TOGETHER WITH THE REPORTS OF THE DIRECTORS AND AUDITORS THEREON.
Backed by 100% of shareholders other than promotersneeded 50%
36,861 votes for, 13 against
2
APPOINTMENT OFMR. NIKHIL AGGARWAL (DIN:01891082) DIRECTOR, LIABLE TO RETIRE BY ROTATION, OFFERS HIMSELF FOR REAPPOINTMENT.
Backed by 100% of shareholders other than promotersneeded 50%
36,761 votes for, 113 against
3
APPOINTMENT OF M/S. RSM & CO., COMPANY SECRETARIES (FRN: P1997DE017000) AS SECRETARIAL AUDITORS OF THE COMPANY.
Backed by 100% of shareholders other than promotersneeded 50%
36,861 votes for, 13 against
4
TO APPROVE THE LIMIT OF REMUNERATION PAYABLE TO RELATED PARTY'S APPOINTMENT TO ANY OFFICE OR PLACE OF PROFIT.
Backed by 100% of shareholders other than promotersneeded 50%
36,761 votes for, 113 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 39 named members
owning 61.2% between them · as of 2026-06-30
BHARTIYA GLOBAL VENTURES PRIVATE LIMITED22.72%
URBANAC PROJECTS PRIVATE LIMITED8.96%
SNEHDEEP AGGARWAL8.90%
BHARTIYA INFOTECH PRIVATE LIMITED7.53%
BHARTIYA ADVISORY SERVICES PRIVATE LIMITED5.08%
ARJUN AGGARWAL3.70%
RAMESH BHATIA2.54%
KANWAL AGGARWAL1.42%
Business done with them
FY2025 · 1 of the group
The company paid ₹9 L to companies in the promoter group last year — about 0.0% of its ₹1,029 cr revenue.
SNEHDEEP AGGARWAL
Other payments to them · Legal and profesional fees
also owns 8.90% of the company
₹9 L
company paid

The company also transacted with 13 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.