Bhartiya International Ltd. News and Updates

Name: Latest research reports of Bhartiya International Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Bhartiya International Ltd.
Rating: 5
Author: ICICI Securities Limited

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Bhartiya International Ltd.

15 Feb 2021

838.90

-2.62%

BIL Standalone December 2020 Net Sales at Rs 91.73 crore, down 37.99% Y-o-Y

Moneycontrol

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Bhartiya International Ltd. is trading below its 30 day SMA of 865.0

Bhartiya International Ltd.

23 Sep 2020

838.90

-2.62%

Japan's Mitsui, Nippon Soda acquire 56% stake in Bharat Insecticides

Business Standard

Japanese companies Mitsui and Nippon Soda have acquired 56 per cent stake in agro-chemical firm Bharat Insecticides Ltd (BIL). As a result of this deal, BIL has become a group company of Mitsui & Co Ltd and Nippon Soda Co Ltd (Nisso), the Delhi-based company said on Wednesday, without disclosing the deal value. "Mitsui and Nisso have acquired 56 per cent stake in BIL through a special purpose company co-founded by Nisso and Mitsui. The BIL's promoters will continue to hold balance shares in BIL," the company said in a statement. The new relationship with Mitsui and Nisso will further strengthen BIL's ability to deliver innovative crop protection products and support sustainable growth of India's agriculture sector, it added. BIL's founder promoter Sat Narain Gupta said, "This is a momentous occasion for us. BIL was started 43 years back with just 2 products and since then, BIL has come a long way. We hope that being part of Mitsui group will take BIL to the next level." Other...

Bhartiya International Ltd. has gained 63.18% in the last 1 Year

Bhartiya International Ltd.

06 Dec 2018

838.90

-2.62%

Bhartiya International

Not Rated: Bhartiya International Ltd.

ICICI Securities Limited

After seeing a moderation in growth in the last three years, Bhartiya International's (BIL) fashion business growth inched up to 16% YoY in H1FY19 along with a 220 bps improvement in EBITDA margin to 10.4%. Going ahead, BIL is looking to achieve a turnover of | 1000 crore in FY20E and improvement in EBITDA margin (12%) as textile business (~35% of topline) reached break-even level. With better revenue growth, it expects better contribution from the textile business. Secondly, we are finding it difficult to monitor the progress of its real estate business given the lack...

Bhartiya International Ltd.'s price crossed below 50Day SMA today

Bhartiya International Ltd.

07 Aug 2017

838.90

-2.62%

Britannia to build Rs 1,000-cr plant in Maharashtra

Business Standard

In the past 98 years of its history, biscuits major Britannia Industries Ltd (BIL) is coming up with its largest plant ever in Ranjangaon in Maharashtra where investment of Rs. 1,000 crore over a 2-year period will be made which will make the company less dependent on outsourced manufacturing of its products."We have already acquired 96 acres for this project and have applied to the government for another 48 acres", the company's managing director, Varun Berry said here after BIL's annual general meeting (AGM).To be completed in the next 1-2 years in phases, the 0.12 million tonne (mt) annual capacity plant will initially have six production lines of biscuits, and one line each for cakes and croissants. At a later date, other product lines like rusks, flour mill and dairy products may be incorporated.Commissioning of this project, the largest ever in the company's history, will increase BIL's annual production capacity to 1.22 mt which will help it reduce outsourcing.During the...

Bhartiya International Ltd. is trading above its 200 day SMA of 716.4

Bhartiya International Ltd.

31 May 2017

838.90

-2.62%

Bhartiya International opens marketing office at Milan

Business Line

Bhartiya International through its subsidiary in Italy has opened a marketing office in the centre of Milan to widen its reach to Europe-based customers. According to company's annual report, Ultima...

Bhartiya International Ltd.'s price crossed below 50Day SMA today

Bhartiya International Ltd.

07 Mar 2017

838.90

-2.62%

Bhartiya International

Buy: Bhartiya International Ltd.

ICICI Securities Limited

Bhartiya International Ltd. is trading above its 200 day SMA of 716.4

Bhartiya International Ltd.

30 Nov 2016

838.90

-2.62%

Bhartiya International

Bhartiya International Ltd.

ICICI Securities Limited

Bhartiya International Ltd. is trading above its 200 day SMA of 716.4

Bhartiya International Ltd.

14 Dec 2015

838.90

-2.62%

Bhartiya International allots five lakh shares against warrant

Business Line

The board of Bhartiya International on Monday allotted five lakh equity shares of face value 10 each to a warrant holder belonging to the promoter group, upon conversion of an equal number...