BIL

Bhartiya International financials

Market cap
₹1.4k Cr
Sector
Consumer Durables

What Bhartiya International Limited does

Bhartiya International Limited manufactures and exports leather garments, outerwear and fashion accessories, reported as a single business segment — Fashion Apparels and Accessories, including Intermediaries. It is backward-integrated through its subsidiary J&J Leather Enterprises Limited, a tannery that converts wet-blue leather into finished leather for the group's garment and accessories business. Sales and sourcing are run through a network of overseas subsidiaries: Ultima S.A. (Switzerland) and Ultima Italia SRL market outerwear, leather garments, accessories and textile products across Europe; Design Industry Limited (Hong Kong) sources outerwear, leather garments, fashion accessories and textile products from China and India for sale in Europe; and Design Industry China Limited markets these products within China. Bhartiya Global Marketing Limited handles export of textile and leather garments.

Segments

  • Fashion Apparels and Accessories (including Intermediaries)
Reporting segments
1 — Fashion Apparels & Accessories (incl. Intermediaries)
Overseas marketing/sourcing subsidiaries
6, across Switzerland, Italy, Hong Kong, China and Mauritius
Domestic subsidiaries/associates
5 (incl. Bhartiya Global Marketing, Bhartiya International SEZ, Bhartiya Fashion Retail, Bhartiya Urban Infrastructure)
In-house tannery
1 (J&J Leather Enterprises Ltd — wet-blue to finished-leather conversion)
Leather-products SEZ joint venture
1 (Bhartiya International SEZ Ltd, with Andhra Pradesh Industrial Infrastructure Corporation)
Export markets served
Europe, China
Founded 1987Headquarters Gurgaon, Haryana, India Company website

Quarterly results

Q1 FY27: revenue up 24.9%, net profit up 50.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue233 234 203 245 329 +41%313 +34%245 +21%306 +25%
EBITDA30 17 15 27 37 +23%24 +41%19 +27%34 +26%
Net profit12 2 2 10 15 +25%7 +250%2 +0%15 +50%
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 +24.6% 1Y

₹0.6k₹0.8k₹1.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹861.45 on 10 Sept 2025 → ₹1,073. High ₹1,108.2 (9 Sept 2026), low ₹613.15 (21 Jan 2026).

Financials, as filed

Revenue grew 13.5% a year over 3 years, FY23 to FY26. Operating margin widened to 9.5%.

Year endingFY23FY24FY25FY26
Revenue₹774 Cr₹661 Cr₹857 Cr₹1.1k Cr
Operating profit₹68 Cr₹71 Cr₹80 Cr₹107 Cr
Operating margin8.8%10.7%9.3%9.5%
Interest₹37 Cr₹40 Cr₹44 Cr₹49 Cr
Depreciation₹21 Cr₹12 Cr₹12 Cr₹13 Cr
Net profit₹8 Cr₹18 Cr₹21 Cr₹34 Cr
Net margin1.0%2.7%2.5%3.0%
Cash from operations₹29 Cr₹36 Cr₹41 Cr₹-14 Cr
Free cash flow₹8 Cr₹29 Cr₹35 Cr₹-32 Cr
ROCE8.0%9.0%10.0%12.0%
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₹12 Cr₹12 Cr₹12 Cr₹12 Cr₹13 Cr₹13 Cr
Reserves₹279 Cr₹291 Cr₹307 Cr₹325 Cr₹470 Cr₹430 Cr
Borrowings₹394 Cr₹437 Cr₹462 Cr₹488 Cr₹504 Cr₹537 Cr
Other liabilities₹71 Cr₹104 Cr₹121 Cr₹171 Cr₹341 Cr₹254 Cr
Total liabilities₹756 Cr₹845 Cr₹902 Cr₹996 Cr₹1.3k Cr₹1.2k Cr
Fixed assets₹109 Cr₹121 Cr₹142 Cr₹137 Cr₹151 Cr₹136 Cr
Capital work in progress₹0 Cr₹8 Cr₹0 Cr₹1 Cr₹3 Cr₹12 Cr
Investments₹66 Cr₹66 Cr₹66 Cr₹66 Cr₹38 Cr₹66 Cr
Other assets₹582 Cr₹649 Cr₹694 Cr₹792 Cr₹1.1k Cr₹1.0k Cr
Total assets₹756 Cr₹845 Cr₹902 Cr₹996 Cr₹1.3k Cr₹1.2k 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, promoters added +1.28 pp while the public trimmed −1.21 pp.

Promoters
61.2%
FIIs
7.4%
DIIs
0.3%
Public
31.2%

Since Jun 2025

  • Promoters +1.28 pp
  • Public −1.21 pp
  • FIIs −0.30 pp

How it drifted, 12 quarters

Over this window promoters went from 57.4% to 61.2% — +3.8 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 57.4%, FIIs 8.5%, Public 34.1%.Dec '23: Promoters 57.4%, FIIs 8.4%, Public 34.3%.Mar '24: Promoters 57.4%, FIIs 8.4%, Public 34.3%.Jun '24: Promoters 57.4%, FIIs 8.3%, DIIs 0.1%, Public 34.3%.Sep '24: Promoters 57.4%, FIIs 8.1%, DIIs 0.2%, Public 34.4%.Dec '24: Promoters 57.4%, FIIs 8.2%, DIIs 0.2%, Public 34.3%.Mar '25: Promoters 59.9%, FIIs 7.7%, Public 32.4%.Jun '25: Promoters 59.9%, FIIs 7.7%, Public 32.4%.Sep '25: Promoters 61.2%, FIIs 7.4%, Public 31.4%.Dec '25: Promoters 61.2%, FIIs 7.5%, Public 31.4%.Mar '26: Promoters 61.2%, FIIs 7.5%, DIIs 0.3%, Public 31.1%.Jun '26: Promoters 61.2%, FIIs 7.4%, DIIs 0.3%, Public 31.2%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Bhartiya International Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Bhartiya Global Ventures Private Limited 22.72%unchanged
Urbanac Projects Private Limited 8.96%unchanged
Snehdeep Aggarwal 8.90%unchanged
Bhartiya Infotech Private Limited 7.53%unchanged
Chartered Finance & Leasing Limited 5.89%unchanged
Timf Holdings FPI fund5.27%unchanged
Bhartiya Advisory Services Private Limited 5.08%unchanged
Arjun Aggarwal 3.70%unchanged
Ramesh Bhatia 2.54%unchanged
Vinod Infotech Private Limited 2.11%unchanged
Morgan Stanley Asia (Singapore) Pte. Foreign bank / ODI2.08%unchanged
Parijata Trading Private Limited 1.80%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.

Learn to analyse Bhartiya International Limited

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