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    Bhatia Communic.

    Gujarat-origin multi-brand retailer of mobile phones and consumer electronics, running 340 stores (owned + franchise) across South & Central Gujarat and Maharashtra.

    Consumer Services
    Consumer Discretionary

    Overview

    Price

    Market Cap

    ₹332 Cr

    Sector

    Consumer Services

    Consumer Discretionary

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1313131313131314
    Reserves26293442547692119
    Borrowings111115192183510
    Other Liabilities1517212130344256
    Total Liabilities65698295117131182199
    AssetsFixed Assets778810132629
    CWIP00000000
    Investments1500000190
    Other Assets43627587107118137169
    Total Assets65698295117131182199

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating682-18552
    Cash from Investing-4-20-2-20-1-8-19
    Cash from Financing-10-3311-619
    SummaryCapital Expenditure
    Free Cash Flow471-3621-18
    FCF Margin

    Valuation

    Assumptions

    Current — 540956
    Price
    ₹26
    EPS (TTM)
    ₹1.28
    PE (TTM)
    20.1
    Profit growth

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (26.3×) and current (20.1×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹26
    vs
    Fair value · 15% return
    ₹18
    31%Overvalued

    At 10% growth and a 20× exit, ₹26 only delivers your return if you pay ₹18. The price is currently baking in 18% growth.

    EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 20×.

    YearGrowthEPS (₹)
    FY2710.0%1.41
    FY2810.0%1.55
    FY2910.0%1.70
    FY3010.0%1.87
    FY3110.0%2.06
    FY328.0% ·fade2.23
    FY336.0% ·fade2.36

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Bhatia Communic.

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