Bhartiya International Limited (BIL) - Net Assets
Based on the latest financial reports, Bhartiya International Limited (BIL) has net assets worth Rs4.83 Billion INR (≈ $52.27 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs13.28 Billion ≈ $143.63 Million USD) and total liabilities (Rs8.45 Billion ≈ $91.36 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 BIL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs4.83 Billion |
| % of Total Assets | 36.39% |
| Annual Growth Rate | 9.52% |
| 5-Year Change | 31.8% |
| 10-Year Change | 100.3% |
| Growth Volatility | 12.22 |
Bhartiya International Limited - Net Assets Trend (2008–2025)
This chart illustrates how Bhartiya International Limited's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Bhartiya International Limited to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bhartiya International Limited (2008–2025)
The table below shows the annual net assets of Bhartiya International Limited from 2008 to 2025. For live valuation and market cap data, see Bhartiya International Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs4.49 Billion ≈ $48.51 Million |
+15.02% |
| 2024-03-31 | Rs3.90 Billion ≈ $42.18 Million |
+0.55% |
| 2023-03-31 | Rs3.88 Billion ≈ $41.95 Million |
+19.99% |
| 2022-03-31 | Rs3.23 Billion ≈ $34.96 Million |
-5.01% |
| 2021-03-31 | Rs3.40 Billion ≈ $36.80 Million |
-1.86% |
| 2020-03-31 | Rs3.47 Billion ≈ $37.50 Million |
-12.20% |
| 2019-03-31 | Rs3.95 Billion ≈ $42.71 Million |
+5.35% |
| 2018-03-31 | Rs3.75 Billion ≈ $40.54 Million |
+43.09% |
| 2017-03-31 | Rs2.62 Billion ≈ $28.33 Million |
+17.00% |
| 2016-03-31 | Rs2.24 Billion ≈ $24.22 Million |
+25.36% |
| 2015-03-31 | Rs1.79 Billion ≈ $19.32 Million |
+13.08% |
| 2014-03-31 | Rs1.58 Billion ≈ $17.09 Million |
+9.75% |
| 2013-03-31 | Rs1.44 Billion ≈ $15.57 Million |
+8.23% |
| 2012-03-31 | Rs1.33 Billion ≈ $14.38 Million |
+11.30% |
| 2011-03-31 | Rs1.19 Billion ≈ $12.92 Million |
+11.17% |
| 2010-03-31 | Rs1.07 Billion ≈ $11.63 Million |
+9.13% |
| 2009-03-31 | Rs985.07 Million ≈ $10.65 Million |
+2.99% |
| 2008-03-31 | Rs956.51 Million ≈ $10.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bhartiya International 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 grown by 308.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs1.72 Billion | 38.36% |
| Common Stock | Rs129.84 Million | 2.89% |
| Other Comprehensive Income | Rs1.51 Billion | 33.66% |
| Other Components | Rs1.13 Billion | 25.09% |
| Total Equity | Rs4.49 Billion | 100.00% |
Bhartiya International Limited Competitors by Market Cap
The table below lists competitors of Bhartiya International Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Centro de Imagem Diagnósticos S.A
SA:AALR3
|
$101.02 Million |
|
FCW Holdings Bhd
KLSE:2755
|
$101.05 Million |
|
Bertrandt Aktiengesellschaft
XETRA:BDT
|
$101.06 Million |
|
Themis Medicare Limited
NSE:THEMISMED
|
$101.10 Million |
|
Kestrel Group, Ltd.
NYSE:KG
|
$100.95 Million |
|
Edison Opto Corp
TW:3591
|
$100.94 Million |
|
Ctek AB
ST:CTEK
|
$100.91 Million |
|
Vivani Medical Inc.
NASDAQ:VANI
|
$100.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bhartiya International Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,886,554,000 to 4,485,536,000, a change of 598,982,000 (15.4%).
- Net income of 156,647,000 contributed positively to equity growth.
- New share issuances of 379,045,000 increased equity.
- Other comprehensive income increased equity by 96,108,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs156.65 Million | +3.49% |
| Share Issuances | Rs379.05 Million | +8.45% |
| Other Comprehensive Income | Rs96.11 Million | +2.14% |
| Other Changes | Rs-32.82 Million | -0.73% |
| Total Change | Rs- | 15.41% |
Book Value vs Market Value Analysis
This analysis compares Bhartiya International 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: 1.95x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.73x to 1.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | Rs121.63 | Rs696.55 | x |
| 2009-03-31 | Rs123.37 | Rs696.55 | x |
| 2010-03-31 | Rs127.39 | Rs696.55 | x |
| 2011-03-31 | Rs132.21 | Rs696.55 | x |
| 2012-03-31 | Rs130.69 | Rs696.55 | x |
| 2013-03-31 | Rs130.73 | Rs696.55 | x |
| 2014-03-31 | Rs140.75 | Rs696.55 | x |
| 2015-03-31 | Rs155.85 | Rs696.55 | x |
| 2016-03-31 | Rs193.28 | Rs696.55 | x |
| 2017-03-31 | Rs216.85 | Rs696.55 | x |
| 2018-03-31 | Rs304.65 | Rs696.55 | x |
| 2019-03-31 | Rs320.67 | Rs696.55 | x |
| 2020-03-31 | Rs282.08 | Rs696.55 | x |
| 2021-03-31 | Rs277.73 | Rs696.55 | x |
| 2022-03-31 | Rs263.67 | Rs696.55 | x |
| 2023-03-31 | Rs316.14 | Rs696.55 | x |
| 2024-03-31 | Rs318.35 | Rs696.55 | x |
| 2025-03-31 | Rs357.07 | Rs696.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bhartiya International 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): 3.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.52%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 2.61x
- Recent ROE (3.49%) is below the historical average (5.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 6.68% | 3.91% | 0.96x | 1.77x | Rs-31.80 Million |
| 2009 | 2.29% | 1.22% | 0.90x | 2.08x | Rs-74.77 Million |
| 2010 | 4.33% | 2.23% | 1.15x | 1.69x | Rs-60.08 Million |
| 2011 | 5.41% | 3.27% | 0.91x | 1.82x | Rs-54.23 Million |
| 2012 | 8.71% | 4.57% | 1.00x | 1.90x | Rs-16.92 Million |
| 2013 | 7.12% | 3.35% | 1.04x | 2.04x | Rs-41.03 Million |
| 2014 | 9.28% | 3.50% | 1.09x | 2.43x | Rs-11.28 Million |
| 2015 | 11.87% | 3.76% | 1.18x | 2.67x | Rs33.05 Million |
| 2016 | 11.11% | 3.95% | 1.15x | 2.45x | Rs24.79 Million |
| 2017 | 8.17% | 3.29% | 1.04x | 2.38x | Rs-47.71 Million |
| 2018 | 4.68% | 2.59% | 0.74x | 2.44x | Rs-198.74 Million |
| 2019 | 5.03% | 2.77% | 0.78x | 2.33x | Rs-195.55 Million |
| 2020 | 6.16% | 3.08% | 0.76x | 2.62x | Rs-132.57 Million |
| 2021 | -1.81% | -1.15% | 0.59x | 2.66x | Rs-400.36 Million |
| 2022 | -5.14% | -2.47% | 0.71x | 2.93x | Rs-487.17 Million |
| 2023 | 16.20% | 7.82% | 0.79x | 2.62x | Rs239.61 Million |
| 2024 | 0.06% | 0.03% | 0.69x | 2.82x | Rs-386.43 Million |
| 2025 | 3.49% | 1.52% | 0.88x | 2.61x | Rs-291.91 Million |
Industry Comparison
This section compares Bhartiya International Limited's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $4,478,626,032
- Average return on equity (ROE) among peers: 13.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bhartiya International Limited (BIL) | Rs4.83 Billion | 6.68% | 1.75x | $101.02 Million |
| Banaras Beads Limited (BANARBEADS) | $542.40 Million | 5.07% | 0.10x | $7.13 Million |
| Bata India Limited (BATAINDIA) | $15.27 Billion | 17.19% | 1.19x | $943.59 Million |
| Brand Concepts Limited (BCONCEPTS) | $102.15 Million | 14.07% | 3.57x | $23.52 Million |
| Campus Activewear Limited (CAMPUS) | $2.85 Billion | 21.62% | 1.52x | $770.53 Million |
| Khadim India Limited (KHADIM) | $1.84 Billion | 16.65% | 1.20x | $21.43 Million |
| Liberty Shoes Limited (LIBERTSHOE) | $1.33 Billion | 4.79% | 1.35x | $43.76 Million |
| Mirza International Limited (MIRZAINT) | $7.60 Billion | 11.38% | 0.87x | $45.41 Million |
| Redtape Limited (REDTAPE) | $7.89 Billion | 21.58% | 1.82x | $804.27 Million |
| Sreeleathers Limited (SREEL) | $2.89 Billion | 10.74% | 0.09x | $50.61 Million |
About Bhartiya International Limited
Bhartiya International Ltd., together with its subsidiaries, manufactures and trades in leather and textile products in India. The company offers leather outerwear, bags, accessories, belts, wallets, fur products, and other small leather goods, as well as textile apparel, leather finishing, and design studio services. It also engages in the development of cities, homes, IT and industrial parks, r… Read more