Bhandari Hosiery Exports Limited (BHANDARI) - Net Assets

Latest as of March 2026: Rs1.83 Billion INR ≈ $19.83 Million USD

Based on the latest financial reports, Bhandari Hosiery Exports Limited (BHANDARI) has net assets worth Rs1.83 Billion INR (≈ $19.83 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs3.18 Billion ≈ $34.36 Million USD) and total liabilities (Rs1.34 Billion ≈ $14.53 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Bhandari Hosiery Exports Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.83 Billion
% of Total Assets	57.71%
Annual Growth Rate	15.33%
5-Year Change	124.81%
10-Year Change	210.47%
Growth Volatility	21.77

Bhandari Hosiery Exports Limited - Net Assets Trend (2006–2026)

This chart illustrates how Bhandari Hosiery Exports Limited's net assets have evolved over time, based on quarterly financial data. See BHANDARI defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Bhandari Hosiery Exports Limited (2006–2026)

The table below shows the annual net assets of Bhandari Hosiery Exports Limited from 2006 to 2026. For live valuation and market cap data, see market cap of Bhandari Hosiery Exports Limited.

Year	Net Assets	Change
2026-03-31	Rs1.83 Billion ≈ $19.83 Million	+19.72%
2025-03-31	Rs1.53 Billion ≈ $16.56 Million	+53.78%
2024-03-31	Rs995.87 Million ≈ $10.77 Million	+14.31%
2023-03-31	Rs871.23 Million ≈ $9.42 Million	+6.83%
2022-03-31	Rs815.54 Million ≈ $8.82 Million	+8.12%
2021-03-31	Rs754.30 Million ≈ $8.16 Million	+2.06%
2020-03-31	Rs739.08 Million ≈ $7.99 Million	+7.47%
2019-03-31	Rs687.73 Million ≈ $7.44 Million	+8.14%
2018-03-31	Rs635.94 Million ≈ $6.88 Million	+7.69%
2017-03-31	Rs590.53 Million ≈ $6.39 Million	+7.70%
2016-03-31	Rs548.31 Million ≈ $5.93 Million	+6.51%
2015-03-31	Rs514.81 Million ≈ $5.57 Million	+4.07%
2014-03-31	Rs494.67 Million ≈ $5.35 Million	+4.16%
2013-03-31	Rs474.90 Million ≈ $5.14 Million	+94.41%
2012-03-31	Rs244.27 Million ≈ $2.64 Million	+14.32%
2011-03-31	Rs213.67 Million ≈ $2.31 Million	+7.07%
2010-03-31	Rs199.57 Million ≈ $2.16 Million	+2.27%
2009-03-31	Rs195.15 Million ≈ $2.11 Million	+6.05%
2008-03-31	Rs184.02 Million ≈ $1.99 Million	+27.76%
2007-03-31	Rs144.03 Million ≈ $1.56 Million	+36.12%
2006-03-31	Rs105.81 Million ≈ $1.14 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Bhandari Hosiery Exports Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs332.96 Million	18.16%
Other Components	Rs1.50 Billion	81.84%
Total Equity	Rs1.83 Billion	100.00%

Bhandari Hosiery Exports Limited Competitors by Market Cap

The table below lists competitors of Bhandari Hosiery Exports Limited ranked by their market capitalization.

Company	Market Cap
AirIQ Inc V:IQ	$11.16 Million
Admiralty Resources NL AU:ADY	$11.16 Million
pferdewetten.de AG XETRA:EMH	$11.17 Million
Lancartama Sejati Tbk JK:TAMA	$11.18 Million
Sadbhav Infrastructure Project Limited NSE:SADBHIN	$11.16 Million
Four Leaf Acquisition Corporation Class A Common Stock NASDAQ:FORL	$11.16 Million
Semac Consultants Limited NSE:SEMAC	$11.16 Million
RAREX Ltd AU:REE	$11.16 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bhandari Hosiery Exports Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 1,531,462,000 to 1,833,431,000, a change of 301,969,000 (19.7%).
Net income of 77,683,000 contributed positively to equity growth.
Dividend payments of 4,801,000 reduced retained earnings.
New share issuances of 237,842,000 increased equity.
Other comprehensive income decreased equity by 28,805,000.
Other factors increased equity by 20,050,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs77.68 Million	+4.24%
Dividends Paid	Rs4.80 Million	-0.26%
Share Issuances	Rs237.84 Million	+12.97%
Other Comprehensive Income	Rs-28.80 Million	-1.57%
Other Changes	Rs20.05 Million	+1.09%
Total Change	Rs-	19.72%

Book Value vs Market Value Analysis

This analysis compares Bhandari Hosiery Exports Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.57x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 2.05x to 0.57x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	Rs1.51	Rs3.10	x
2007-03-31	Rs1.57	Rs3.10	x
2008-03-31	Rs1.83	Rs3.10	x
2009-03-31	Rs1.94	Rs3.10	x
2010-03-31	Rs1.98	Rs3.10	x
2011-03-31	Rs2.12	Rs3.10	x
2012-03-31	Rs2.43	Rs3.10	x
2013-03-31	Rs3.63	Rs3.10	x
2014-03-31	Rs3.38	Rs3.10	x
2015-03-31	Rs3.51	Rs3.10	x
2016-03-31	Rs3.74	Rs3.10	x
2017-03-31	Rs4.03	Rs3.10	x
2018-03-31	Rs4.34	Rs3.10	x
2019-03-31	Rs4.69	Rs3.10	x
2020-03-31	Rs4.87	Rs3.10	x
2021-03-31	Rs4.97	Rs3.10	x
2022-03-31	Rs5.37	Rs3.10	x
2023-03-31	Rs5.74	Rs3.10	x
2024-03-31	Rs6.10	Rs3.10	x
2025-03-31	Rs6.07	Rs3.10	x
2026-03-31	Rs5.43	Rs3.10	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bhandari Hosiery Exports Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 4.24%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.77%
• Asset Turnover: 0.88x
• Equity Multiplier: 1.73x
Recent ROE (4.24%) is below the historical average (7.18%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	17.37%	4.86%	1.87x	1.91x	Rs7.80 Million
2007	11.67%	2.60%	2.20x	2.03x	Rs2.41 Million
2008	8.69%	2.13%	1.87x	2.18x	Rs-2.41 Million
2009	4.80%	1.17%	1.89x	2.17x	Rs-10.15 Million
2010	5.57%	1.28%	1.88x	2.32x	Rs-8.85 Million
2011	5.36%	1.25%	1.67x	2.58x	Rs-9.91 Million
2012	12.53%	3.11%	1.75x	2.30x	Rs6.17 Million
2013	6.06%	2.98%	1.14x	1.78x	Rs-18.71 Million
2014	4.00%	1.77%	1.26x	1.79x	Rs-29.70 Million
2015	4.26%	1.75%	1.08x	2.24x	Rs-29.57 Million
2016	7.42%	2.05%	1.59x	2.27x	Rs-14.15 Million
2017	7.12%	1.97%	1.43x	2.53x	Rs-17.02 Million
2018	7.79%	2.00%	1.45x	2.70x	Rs-14.02 Million
2019	7.79%	2.01%	1.48x	2.61x	Rs-15.22 Million
2020	7.19%	1.91%	1.35x	2.78x	Rs-20.79 Million
2021	2.21%	0.74%	1.09x	2.75x	Rs-58.74 Million
2022	7.69%	2.21%	1.30x	2.67x	Rs-18.85 Million
2023	7.47%	2.30%	1.30x	2.49x	Rs-22.06 Million
2024	6.56%	2.45%	1.06x	2.52x	Rs-34.25 Million
2025	5.04%	2.77%	1.01x	1.80x	Rs-76.01 Million
2026	4.24%	2.77%	0.88x	1.73x	Rs-105.66 Million

Industry Comparison

This section compares Bhandari Hosiery Exports Limited's net assets metrics with peer companies in the Apparel Manufacturing industry.

Industry Context

Industry: Apparel Manufacturing
Average net assets among peers: $4,018,398,333
Average return on equity (ROE) among peers: 5.54%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Bhandari Hosiery Exports Limited (BHANDARI)	Rs1.83 Billion	17.37%	0.73x	$11.16 Million
Aditya Birla Fashion and Retail Limited (ABFRL)	$3.46 Billion	-66.02%	5.19x	$809.80 Million
Arvind Fashions Limited (ARVINDFASN)	$12.21 Billion	1.36%	1.89x	$690.93 Million
Bang Overseas Limited (BANG)	$65.39 Million	32.88%	3.59x	$4.39 Million
Cantabil Retail India Limited (CANTABIL)	$148.01 Million	41.98%	6.80x	$207.36 Million
Dollar Industries Limited (DOLLAR)	$1.45 Billion	18.11%	2.55x	$160.30 Million
Future Lifestyle Fashions Limited (FLFL)	$12.91 Billion	1.80%	2.05x	$2.92 Million
Gokaldas Exports Limited (GOKEX)	$4.44 Billion	0.77%	1.08x	$621.34 Million
Iris Clothings Limited (IRISDOREME)	$822.84 Million	15.95%	0.91x	$73.70 Million
Nandani Creation Limited (JAIPURKURT)	$661.21 Million	3.00%	0.94x	$5.33 Million

About Bhandari Hosiery Exports Limited

NSE:BHANDARI India Apparel Manufacturing

Market Cap

$11.16 Million

Rs1.03 Billion INR

Market Cap Rank

#26781 Global

#1492 in India

Share Price

Rs3.10

Change (1 day)

+1.31%

52-Week Range

Rs2.03 - Rs5.79

All Time High

Rs13.83