Bhatia Communications & Retail (India) Limited

BSE: BHATIA540956ISIN INE341Z01025

Consumer Discretionary
Speciality Retail

Share price

₹38.57+0.38 (+1.00%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹41.99
52W low: ₹17.99
Off 52W high: -8.14%
1M return: +1.00%
3M return: +67.11%
6M return: +70.59%
1Y return: +43.44%
20D avg volume: 1,01,399
50 DMA: ₹35.54
200 DMA: ₹26.50

Key ratios Standalone

Market cap: ₹542.49 Cr
Current price: ₹38.57
52W high / low: ₹41.99 / ₹17.99
Face value: ₹1.00
P/E: 22.82
P/B: 6.59
EPS (TTM): ₹1.69
Book value / share: ₹5.85
ROE: 28.88%
ROCE: 14.30%
Operating margin: 5.97%
Net margin: 3.68%
Debt / equity: 0.08
Net debt: ₹1.49 Cr
Interest cover: 9.04
Dividend yield: 0.10%
Dividend / share (TTM): ₹0.04
Payout: 2.37%
Cash conversion cycle: 54.4 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	203.72	190.00	170.09	175.45	134.34	111.55	103.77	126.81	107.32	104.82	93.91	116.78
	0.57	0.68	1.85	0.67	0.65	0.65	0.72	0.53	0.38	0.34	0.41	0.22
	204.29	190.68	171.94	176.13	134.99	112.19	104.49	127.34	107.70	105.16	94.33	117.01
	194.44	181.58	165.33	169.57	130.25	107.42	100.52	122.62	102.79	100.45	90.28	113.68
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	218.64	178.69	163.23	154.57	147.78	98.91	100.20	102.96	109.08	94.12	83.28	106.37
	2.89	2.30	2.24	2.14	2.15	1.76	1.99	2.29	2.06	1.72	1.50	1.43
	0.89	0.51	0.58	0.75	0.85	0.64	0.24	0.68	0.38	0.46	0.43	0.56
	1.43	1.21	0.66	0.72	0.66	0.85	0.43	0.48	0.45	0.43	0.38	0.38
	11.69	9.51	8.31	7.46	5.97	4.96	5.17	5.88	4.26	4.98	3.65	4.99
	9.85	9.10	6.61	6.56	4.73	4.77	3.98	4.72	4.91	4.71	4.05	3.33
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	9.85	9.10	6.61	6.56	4.73	4.77	3.98	4.72	4.91	4.71	4.05	3.33
	2.34	2.28	2.06	1.65	1.01	1.19	1.04	1.13	1.25	1.07	1.07	0.84
	7.51	6.82	4.55	4.91	3.73	3.58	2.93	3.58	3.66	3.65	2.98	2.49
	0.53	0.48	0.35	0.39	0.29	0.29	0.23	0.29	0.29	0.29	0.24	0.20
Key metrics
	12.17	10.82	7.85	8.03	6.24	6.26	4.65	5.88	5.74	5.60	4.86	4.27
	6.00%	5.70%	4.60%	4.60%	4.60%	5.60%	4.50%	4.60%	5.30%	5.30%	5.20%	3.70%
	3.70%	3.60%	2.70%	2.80%	2.80%	3.20%	2.80%	2.80%	3.40%	3.50%	3.20%	2.10%
	5.00%	—	4.00%	—	4.00%	—	3.80%	—	—	—	—	—
	51.60%	70.30%	63.90%	38.40%	25.20%	6.40%	10.50%	8.60%	—	—	—	—
	101.30%	90.50%	55.30%	37.20%	1.90%	-1.90%	-1.70%	43.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	739.26	591.42	442.72	413.79	313.48	233.47
	3.77	3.82	1.97	1.61	31.26	18.29
	743.04	595.25	444.69	415.40	344.74	251.76
	710.92	572.57	426.37	400.02	333.43	244.68
	0.00	0.00	0.00	—	—	—
	715.13	564.49	406.36	382.81	318.18	241.00
	9.57	8.29	8.06	4.89	4.24	3.73
	2.73	2.82	1.75	1.61	2.27	1.32
	4.02	2.90	1.79	1.45	1.22	1.15
	36.97	26.70	20.28	16.01	11.60	9.44
	32.12	22.67	18.31	15.38	11.31	7.08
	0.00	0.00	0.00	—	—	—
	32.12	22.67	18.31	15.38	11.31	7.08
	8.33	5.91	4.50	3.86	2.83	1.80
	23.79	16.76	13.82	11.52	8.49	5.27
	1.75	1.31	1.10	0.92	0.68	0.42
Key metrics
	38.87	28.39	21.85	18.44	14.80	9.55
	5.26%	4.80%	4.90%	4.50%	4.70%	4.10%
	3.22%	2.80%	3.10%	2.80%	2.70%	2.30%
	—	14.30%	18.30%	—	—	—
	55.15%	33.60%	7.00%	32.00%	34.30%	—
	72.14%	21.30%	20.00%	35.70%	61.10%	—
	—	-17.90	0.51	—	—	—
	—	0.09	0.37	—	—	—
	—	0.08	0.09	—	—	—
	—	1.49	1.60	—	—	—
	—	54.4	46.5	—	—	—
Balance sheet
	—	198.53	130.90	—	—	—
	—	136.67	87.79	—	—	—
	—	8.63	6.66	—	—	—
	—	8.31	5.38	—	—	—
	—	96.28	63.65	—	—	—
	—	23.45	11.50	—	—	—
	—	29.02	12.50	—	—	—
	—	16.42	12.60	—	—	—
	—	20.48	21.17	—	—	—
	—	10.12	8.26	—	—	—
	—	3.09	8.26	—	—	—
	—	7.03	0.00	—	—	—
	—	132.59	88.57	—	—	—
Cash flow
	—	1.52	5.17	—	—	—
	—	-18.98	-8.09	—	—	—
	—	19.43	-5.94	—	—	—
	—	19.42	4.66	—	—	—

Compounded growth

Sales CAGR 3Y: +23.57%
Sales CAGR 5Y: —
Profit CAGR 3Y: +25.45%
Profit CAGR 5Y: —
Sales YoY (TTM): +55.15%
Profit YoY (TTM): +72.14%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 69.46%

Quarter	September 2026	June 2026
Promoter %	69.46%	69.46%

Holder	Type	Holding	Previous	Change
NIKHIL KUMAR BHATIA	Promoter	32.33%	32.33%	0.00%
SANJEEV HARBANSLAL BHATIA	Promoter	32.33%	32.33%	0.00%
EBISU GLOBAL OPPORTUNITIES FUND LIMITED	Public	3.55%	3.55%	0.00%
FORBES EMF	Public	3.55%	3.55%	0.00%
HEMA SANJEEV BHATIA	Promoter Group	2.65%	2.65%	0.00%
GARIMA NIKHIL BHATIA	Promoter Group	1.78%	1.78%	0.00%
SANTOSH PARBHUDAYAL NANDWANI	Promoter Group	0.12%	0.12%	0.00%
DEVIDAYAL JAGANNATH NANDWANI	Promoter Group	0.12%	0.12%	0.00%
SHAILJA DEVIDAYAL NANDWANI	Promoter Group	0.08%	0.08%	0.00%
ANKITA PRABHUDAYAL NANDWANI	Promoter Group	0.05%	0.05%	0.00%
KAMLESHKUMARI HARBANSLAL BHATIA	Promoter Group	0.00%	0.00%	0.00%
MODERN COMMODEAL PRIVATE LIMITED	Promoter Group	0.00%	0.00%	0.00%
TELECITY ENTERPRISES LLP	Promoter Group	0.00%	0.00%	0.00%
SANJEEV BHATIA HUF	Promoter Group	0.00%	0.00%	0.00%
HARSHA KAMALKISHOR CHAUDHARY	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Trent Ltd [Lakme Ltd]	1,62,910	3,055.15	85.32	28.20%	+18.45% TTM	+18.87% TTM	-1.66%
Lenskart Solutions Limited	1,20,186	691.00	179.86	7.30%	—	—	—
Vedant Fashions Limited	12,088	497.50	—	—	+2.47% TTM	+0.75% TTM	-22.81%
Aditya Birla Lifestyle Brands Limited	9,003	73.76	43.79	13.20%	—	—	-46.22%
Aditya Vision Limited S	6,700	518.80	46.45	21.70%	+27.57% TTM	+33.48% TTM	-9.51%
V2 Retail Limited	5,457	149.65	30.38	20.60%	+49.32% TTM	+80.51% TTM	-38.93%
Aditya Birla Fashion and Retail Limited	4,969	40.71	-5.88	-3.20%	-27.21% TTM	-64.27% TTM	-51.64%
SS Retail Limited	4,820	648.10	—	—	—	—	—
Arvind Fashions Limited	4,708	352.15	23.87	21.40%	+13.47% TTM	+257.11% TTM	-35.54%
PURPLE STYLE LABS LIMITED	4,011	500.95	—	—	—	—	—
Baazar Style Retail Limited	2,860	375.70	63.19	13.60%	+34.89% TTM	+174.29% TTM	+12.77%
Shankara Buildpro Limited	2,210	182.25	3.36	39.60%	—	—	—
Go Fashion (India) Limited S	1,399	266.00	34.50	11.50%	-4.05% TTM	-54.03% TTM	-58.80%
Sai Silks (Kalamandir) Limited S	1,132	73.84	8.89	13.70%	-1.87% TTM	-1.67% TTM	-58.14%
Bhatia Communications & Retail (India) Limited S	542	38.57	22.82	14.30%	+55.15% TTM	+72.14% TTM	+43.44%
Credo Brands Marketing Limited S	512	78.23	11.78	13.40%	+5.17% TTM	-9.69% TTM	-30.46%
Shankara Building Products Limited	288	118.60	19.63	4.70%	-70.43% TTM	-80.04% TTM	-15.16%
LOGICA INFOWAY LIMITED S	281	158.00	19.82	32.60%	—	—	-23.30%
CITY PULSE MULTIVENTURES LIMITED	178	119.15	—	3.10%	—	—	-96.03%
Brand Concepts Limited	173	138.75	167.98	11.60%	+26.45% TTM	-57.08% TTM	-63.12%
MEHUL TELECOM LIMITED S	132	126.45	—	37.10%	—	—	—
Umiya Mobile Limited S	119	84.00	9.43	14.30%	—	—	-12.50%
7NR Retail Limited S	102	6.96	232.00	0.60%	-63.11% TTM	-79.10% TTM	+65.32%
Praxis Home Retail Limited S	87	4.66	-1.42	-65.00%	-11.04% TTM	-46.61% TTM	-61.65%
RACONTEUR GLOBAL RESOURCES LIMITED	13	9.66	—	-32.90%	—	—	-19.50%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Please find enclosed herewith extract of newspaper advertisement for unaudited financial results for the quarter ended on September 30,2026.4 Nov 2026 · Company Update / Newspaper Publication
Please find enclosed herewith presentation for the quarter and half year ended September 30,2026.3 Nov 2026 · Company Update / Investor Presentation
Please find the attached herewith intimation of record date for payment of 2nd interim dividend on equity shares for the financial year 2026-27.2 Nov 2026 · Corp. Action / Record Date
Please find the attached Intimation of declaration of 2nd interim dividend for the quarter and half year ended on September 30,20262 Nov 2026 · Corp. Action / Dividend
Please find attached herewith standalone unaudited financial results for the quarter and half year ended on September 30,2026.2 Nov 2026 · Result / Financial Results
Pursuant to the Regulation 30 and 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 we wish to inform you that the Board of Directors at their meeting held on ....2 Nov 2026 · Board Meeting / Outcome of Board Meeting
Bhatia Communications & Retail (India) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/11/2026 ,inter alia, to consider and approve 1. To ....24 Oct 2026 · Board Meeting / Board Meeting
Please find enclosed herewith intimation under Regulation 74 (5) of SEBI Regulations.2018 for the quarter ended on September 30,2026.6 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The trading window for designated Persons and their immediate relatives will remain closed from October 01, 2026 till the conclusion of 48 hours after the announcement of unaudited financial ....28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
The Trading window for designated persons and their immediate relatives will remain closed from October 01,2026 till the conclusion of 48 hours after announcement of unaudited financial ....28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed herewith Investor Presentation for the quarter ended June 30, 2026.20 Aug 2026 · Company Update / Investor Presentation
Please find enclosed herewith extract of newspaper advertisement for unaudited financial results for the quarter ended on June 30,2026.15 Aug 2026 · Company Update / Newspaper Publication
Please find enclosed herewith intimation of Record Date for payment of 1st Interim Dividend on Equity Shares for the Financial Year 2026.27.14 Aug 2026 · Corp. Action / Record Date
Please find enclosed herewith declaration of 1st Interim Dividend for the Financial Year 2026-27.14 Aug 2026 · Corp. Action / Dividend
Please find enclosed herewith Unaudited Financial results for the quarter ended on June 30, 2026.14 Aug 2026 · Result / Financial Results
Pursuant to the Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at their meeting held on Friday, ....14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Bhatia Communications & Retail (India) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve 1. To ....6 Aug 2026 · Board Meeting / Board Meeting
Please find enclosed the disclosure under Regulation 30 of SEBI (LODR) Regulation, 2015 regarding the appointment of M/s. R Kejriwal & Co., Chartered Accountants (FRN : 133558W), as the ....27 Jul 2026 · Company Update / Appointment of Statutory Auditor/s
Scrutinizer report and voting results of the 18th AGM.27 Jul 2026 · AGM/EGM / AGM
Proceedings of 18th Annual General Meeting.25 Jul 2026 · AGM/EGM / AGM
Intimation regarding temporary disruption of operation due to Floods in Surat.9 Jul 2026 · Company Update / General
Please find enclosed herewith intimation under Regulation 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended on June 30, 20266 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of record date for payment of final dividend on Equity Shares for the Financial Year 2025-26.1 Jul 2026 · Corp. Action / Record Date
Annual Report for the Financial Year 2025-261 Jul 2026 · Others / Reg. 34 (1) Annual Report
Notice of 18th Annual General Meeting of the Company1 Jul 2026 · AGM/EGM / AGM
the trading window for designated persons and their immediate relatives will remain closed from July 01 ,2026 till the conclusion of 48hours after the announcement of unaudited financial ....26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed herewith Investor Presentation for the quarter and Year ended March 31, 2026.27 May 2026 · Company Update / Investor Presentation
Intimation of Newspaper advertisement of Extract of Standalone Audited Financial Results for the quarter and year ended 31.03.202626 May 2026 · Company Update / Newspaper Publication
Recommendation of final Dividend.25 May 2026 · Corp Action / Dividend Updates
Re-appointment of Internal Auditor25 May 2026 · Company Update / General
Standalone Audited Financial Results for the Quarter and Year ended on March 31,2026.25 May 2026 · Result / Financial Results
Outcome of Board Meeting held on May 25, 202625 May 2026 · Board Meeting / Outcome of Board Meeting
Bhatia Communications & Retail (India) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/05/2026 ,inter alia, to consider and approve 1. To ....16 May 2026 · Board Meeting / Board Meeting
Disclosure under regulation 30 of the SEBI (LODR) Regulation,2015 regarding intimation of loan agreement.7 May 2026 · Others / Outcome without intimation
Annual Secretarial Compliance Report for the year ended March 31,2026.30 Apr 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....23 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Disclosure under regulation 30 of the SEBI (LODR) Regulations, 2015 regarding intimation of loan agreement.17 Apr 2026 · Others / Outcome without intimation
Please find enclosed herewith intimation under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended on 31st March, 2026.8 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The trading window for all directors, officer, designated employees and immediate relatives will remain closed from 01st April,2026 till 4 hours after the announcement of unaudited financial ....25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Garima Nikhil Bhatia12 Mar 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 0.0100	13 Nov 2026	13 Nov 2026	—
Interim Dividend - Rs. - 0.0100	21 Aug 2026	21 Aug 2026	—
Final Dividend - Rs. - 0.0100	17 Jul 2026	18 Jul 2026	—
Interim Dividend - Rs. - 0.0100	20 Feb 2026	20 Feb 2026	—
Interim Dividend - Rs. - 0.0100	21 Nov 2025	21 Nov 2025	—
Interim Dividend - Rs. - 0.0100	22 Aug 2025	22 Aug 2025	—
Final Dividend - Rs. - 0.0100	23 Jul 2025	23 Jul 2025	—
Interim Dividend - Rs. - 0.0100	28 Feb 2025	28 Feb 2025	—
Interim Dividend - Rs. - 0.0100	27 Nov 2024	27 Nov 2024	—
Final Dividend - Rs. - 0.0100	24 Sep 2024	24 Sep 2024	—
Interim Dividend - Rs. - 0.0100	23 Aug 2024	23 Aug 2024	—

Board meetings

2 Nov 2026 Board Meeting - Financial Results
14 Aug 2026 Board Meeting - Financial Results