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Entry Price

492.00

Target

713.00

Recommend Date

07-03-2017

Return

44.92 %
BUY

Date : 07-03-2017

Bhartiya International (BIL) is a leading exporter & manufacturer of leather garments & accessories. It accounts for ~11% of India’s leather garment exports. It is also engaged in textile garment business. Overall, we expect BIL’s topline, PAT to grow at 18.7%, 31.0% CAGR to | 924.0 crore, | 43.2 crore, respectively, in FY17-19E. BIL ventured into urban infrastructure by acquiring 30% stake in integrated township “Bhartiya City”, spread over 125 acres land with developable area of 17.4 mn sq ft. We believe it has huge value unlocking potential for BIL.