540956

Bhatia Communic. financials

Market cap
₹456 Cr
Sector
Consumer Services

What Bhatia Communic. does

Bhatia Communications & Retail (India) Limited runs a chain of multi-brand outlets (MBOs) under the names Bhatia Communication, "Bhatia Mobile - The One Stop Shop", "Only Mobile" and "Mobile Station", plus exclusive brand outlets (EBOs) for select brands. The stores sell mobile phones, tablets, accessories, air conditioners, LED TVs, washing machines, microwaves, laptops and other consumer electronics purchased directly from manufacturers. The business began as mobile-phone trading in 1996, was incorporated as a company in 2008, and has since expanded from a single Gujarat store to a PAN-Gujarat network with a growing footprint in Maharashtra.

Segments

  • Owned multi-brand outlets (MBO)
  • Franchise stores
  • Exclusive brand outlets (EBO)
Total stores (FY26)
340 (337 owned, 3 franchise)
Total retail footprint
2.60 lakh sq. ft.
Average store size
760 sq. ft.
Stores in Maharashtra (FY26)
53
Geographic footprint
Gujarat and Maharashtra
Average capex per store
Rs. 8-10 lakh
Founded 2008Headquarters Surat, Gujarat, India Company website

Quarterly results

Q1 FY27: revenue up 70.3%, net profit up 90.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue107 127 104 112 134 +25%175 +38%170 +64%190 +70%
EBITDA5 5 4 6 6 +4%7 +38%6 +53%10 +80%
Net profit4 4 3 4 4 +2%5 +37%5 +55%7 +91%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +21.3% 1Y

₹20.0₹25.0₹30.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹27.21 on 10 Sept 2025 → ₹33. High ₹33 (11 Sept 2026), low ₹19.33 (27 Mar 2026).

Financials, as filed

Revenue grew 22.5% a year over 3 years, FY23 to FY26. Operating margin widened to 4.2%.

Year endingFY23FY24FY25FY26
Revenue₹322 Cr₹402 Cr₹443 Cr₹591 Cr
Operating profit₹-8 Cr₹5 Cr₹20 Cr₹25 Cr
Operating margin-2.5%1.3%4.5%4.2%
Interest₹2 Cr₹2 Cr₹2 Cr₹3 Cr
Depreciation₹1 Cr₹1 Cr₹2 Cr₹3 Cr
Net profit₹8 Cr₹12 Cr₹14 Cr₹17 Cr
Net margin2.6%2.9%3.1%2.8%
Cash from operations₹8 Cr₹5 Cr₹5 Cr₹2 Cr
Free cash flow₹6 Cr₹2 Cr₹1 Cr₹-18 Cr
ROCE20.0%21.0%22.0%21.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹13 Cr₹13 Cr₹13 Cr₹13 Cr₹13 Cr₹14 Cr
Reserves₹29 Cr₹34 Cr₹42 Cr₹54 Cr₹92 Cr₹119 Cr
Borrowings₹11 Cr₹15 Cr₹19 Cr₹21 Cr₹35 Cr₹10 Cr
Other liabilities₹17 Cr₹21 Cr₹21 Cr₹30 Cr₹42 Cr₹56 Cr
Total liabilities₹69 Cr₹82 Cr₹95 Cr₹117 Cr₹182 Cr₹199 Cr
Fixed assets₹7 Cr₹8 Cr₹8 Cr₹10 Cr₹26 Cr₹29 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹19 Cr₹0 Cr
Other assets₹62 Cr₹75 Cr₹87 Cr₹107 Cr₹137 Cr₹169 Cr
Total assets₹69 Cr₹82 Cr₹95 Cr₹117 Cr₹182 Cr₹199 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +7.06 pp while promoters trimmed −4.43 pp. The shareholder count shrank 9% to 20,011.

Promoters
69.5%
FIIs
7.5%
DIIs
0.5%
Public
22.5%

Since Jun 2025

  • FIIs +7.06 pp
  • Promoters −4.43 pp
  • Public −3.13 pp

How it drifted, 12 quarters

Over this window FIIs went from 0.0% to 7.5% — +7.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.7%, Public 26.4%.Dec '23: Promoters 73.7%, Public 26.4%.Mar '24: Promoters 73.8%, FIIs 0.1%, Public 26.1%.Jun '24: Promoters 73.8%, FIIs 0.1%, Public 26.1%.Sep '24: Promoters 73.9%, FIIs 0.1%, Public 26.0%.Dec '24: Promoters 73.9%, FIIs 0.1%, Public 26.1%.Mar '25: Promoters 73.9%, FIIs 0.1%, Public 26.0%.Jun '25: Promoters 73.9%, FIIs 0.5%, Public 25.6%.Sep '25: Promoters 74.1%, FIIs 0.5%, DIIs 0.2%, Public 25.3%.Dec '25: Promoters 71.2%, FIIs 4.3%, DIIs 0.3%, Public 24.1%.Mar '26: Promoters 71.2%, FIIs 4.3%, DIIs 0.5%, Public 24.0%.Jun '26: Promoters 69.5%, FIIs 7.5%, DIIs 0.5%, Public 22.5%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 3 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Bhatia Communic. above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Nikhil Kumar Bhatia 32.33%−2.61 pp
Sanjeev Harbanslal Bhatia 32.33%−2.61 pp
Ebisu Global Opportunities Fund Limited FPI fund3.55%−0.29 pp
Forbes EMF FPI fund3.55%newly disclosed
Hema Sanjeev Bhatia 2.65%+1.71 pp
Garima Nikhil Bhatia 1.78%+1.78 pp
Devidayal Jagannath Nandwani 0.12%unchanged
Santosh Parbhudayal Nandwani 0.12%unchanged
Shailja Devidayal Nandwani 0.08%unchanged
Ankita Prabhudayal Nandwani 0.05%unchanged
Jetr Bhatia 0.00%unchanged
Parishi Bhatia 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth the price implies
16.6% a year
for 7 years, fading to 4%
It has actually compounded at
Not enough history
The gap
—
between what it did and what it must do
Price today ₹33

Change the assumptions yourself →

Learn to analyse Bhatia Communic.

Guides on how to read this kind of business and the numbers that matter.