Bhatia Communications & Retail (India) share price & results
- Jun 2026
- Sept 2026
Gujarat-origin multi-brand retailer of mobile phones and consumer electronics, running 340 stores (owned + franchise) across South & Central Gujarat and Maharashtra.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 190 | +70.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 5.3 | +0.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 6.8 | +90.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 18.03 | −2.6 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -2.95 | −3.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 49.05 | +26.9 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +18.6% 1Y
1Y: ₹28.88 on 24 Oct 2025 → ₹34.26. High ₹40.49 (22 Sept 2026), low ₹19.33 (27 Mar 2026).
- Previous close
- ₹33.61
- Market cap
- ₹305 Cr
- 52-week range
- ₹19.33 – ₹40.49
- One year
- +20.38%
- Price to earnings (TTM to Jun 2026)
- 15.24×
- Return on equity (TTM to Jun 2026)
- 18.03%
Overview
- Symbol
- NSE:BHATIA
- Sector
- Consumer Services
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Bhatia Communications & Retail (India) Limited does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +91% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 107 | 127 | 104 | 112 | 134 | 175 | 170 | 190 |
| Expenses | 102 | 121 | 100 | 106 | 129 | 168 | 164 | 180 |
| Operating profit | 5 | 5 | 4 | 6 | 6 | 7 | 6 | 10 |
| Operating margin | 5.0% | 4.2% | 3.8% | 5.0% | 4.2% | 4.2% | 3.5% | 5.3% |
| Other income | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Interest | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 5 | 5 | 4 | 5 | 5 | 7 | 7 | 9 |
| Tax rate | 25.5% | 23.9% | 26.4% | 24.9% | 21.3% | 25.1% | 31.2% | 25.2% |
| Net profit | 4 | 4 | 3 | 4 | 4 | 5 | 5 | 7 |
| EPS (₹ per share) | 0.29 | 0.29 | 0.23 | 0.29 | 0.29 | 0.38 | 0.32 | 0.48 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 322 | 402 | 443 | 591 |
| Expenses | 330 | 397 | 423 | 567 |
| Operating profit | -8 | 5 | 20 | 25 |
| Other income | 23 | 13 | 2 | 4 |
| Interest | 2 | 2 | 2 | 3 |
| Depreciation | 1 | 1 | 2 | 3 |
| Profit before tax | 11 | 15 | 18 | 23 |
| Net profit | 8 | 12 | 14 | 17 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 13 | 13 | 13 | 13 | 13 | 14 |
| Reserves | 34 | 42 | 54 | 76 | 92 | 119 |
| Borrowings | 15 | 19 | 21 | 8 | 35 | 10 |
| Other liabilities | 21 | 21 | 30 | 34 | 42 | 56 |
| Total liabilities | 82 | 95 | 117 | 131 | 182 | 199 |
| Fixed assets | 8 | 8 | 10 | 13 | 26 | 29 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 19 | 0 |
| Other assets | 75 | 87 | 107 | 118 | 137 | 169 |
| Total assets | 82 | 95 | 117 | 131 | 182 | 199 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 2 | -1 | 8 | 5 | 5 | 2 |
| Cash from investing | -2 | -2 | 0 | -1 | -8 | -19 |
| Cash from financing | -3 | 3 | 1 | 1 | -6 | 19 |
| Net cash flow | -3 | 0 | 9 | 5 | -9 | 2 |
| Free cash flow | 1 | -3 | 6 | 2 | 1 | -18 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 10 | 8 | 6 | 5 | 4 | 5 |
| Inventory days | 62 | 65 | 52 | 50 | 59 | 66 |
| Days payable | 20 | 20 | 11 | 13 | 12 | 11 |
| Cash conversion cycle | 53 | 54 | 47 | 43 | 52 | 60 |
| Working capital days | 37 | 38 | 27 | 29 | 49 | 66 |
| Return on capital employed | 13.0% | 15.0% | 20.0% | 21.0% | 22.0% | 21.0% |
| Dividend payout | 17.0% | 12.0% | 7.0% | 1.0% | 4.0% | 3.0% |
What the price assumes
- Growth the price implies
- 17.4% 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
Ownership
Who owns it
Promoters hold 69.45% as of Sept 2026; institutions cut 0.12 pts since Jun 2026.
- Promoters 69.45%
- Foreign institutions 7.54%
- Domestic institutions 0.36%
- Public 22.64%
Who is on the register
Named in the Sep 2026 filing
Every holder of Bhatia Communications & Retail (India) Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 32.33% | unchanged | |
| 32.33% | unchanged | |
| FPI fund | 3.55% | unchanged |
| FPI fund | 3.55% | unchanged |
| 2.65% | unchanged | |
| 1.78% | unchanged | |
| 0.12% | unchanged | |
| 0.12% | unchanged | |
| 0.08% | unchanged | |
| 0.05% | 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.
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