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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-12-06||Bhartiya Internation.. +||ICICI Securities Limited||235.00||235.00 (-13.53%)||Not Rated|
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...
|2017-03-07||Bhartiya Internation.. +||ICICI Securities Limited||532.00||697.00||532.00 (-61.80%)||Target met||Buy|
|2016-11-30||Bhartiya Internation.. +||ICICI Securities Limited||505.50||505.50 (-59.80%)|
|2016-02-23||Bhartiya Internation.. +||Nirmal Bang Institutional||494.25||494.25 (-58.89%)|
Nirmal Bang Institutional
We had a meeting with the management of Bhartiya International (BIL) recently to understand its business fundamentals and current state of affairs. BIL is a leather garment manufacturer and exporter and also has under construction a grand real estate project called Bhartiya City. The company is a leading leather apparel exporter from India catering to leading retail brands globally and has done well to establish itself in this fragmented industry. BIL has nine manufacturing facilities in Bangalore Chennai, leather manufacturing clusters in india, with a combined capacity of half-a-million apparel pieces. It also has a design studio in Milan...