Bindal Exports (BOM:540148) Inventory Turnover: 1.33 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:540148 Bindal Exports Ltd BOM:540148
65 GF Score
Price ₹27.80
GF Value ₹20.33
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Bindal Exports Inventory Turnover?

Bindal Exports BOM:540148 65 Inventory Turnover is 1.33 as of Mar. 2026. GuruFocus rates BOM:540148 with a GF Score™ of 65/100 and a GF Value™ of ₹20.33 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Bindal Exports's Cost of Goods Sold for the six months ended in Mar. 2026 was ₹37.8 Mil. Bindal Exports's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹28.3 Mil. Bindal Exports's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bindal Exports's Days Inventory for the six months ended in Mar. 2026 was 136.85.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Bindal Exports's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.29.


Bindal Exports  (BOM:540148) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Bindal Exports's Days Inventory for the six months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=28.3435/37.799*365 / 2
=136.85

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Bindal Exports's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=28.3435 / 97.27
=0.29

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Bindal Exports Inventory Turnover Related Terms


Bindal Exports Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Bindal Exports's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bindal Exports Inventory Turnover Chart

Bindal Exports Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.55 7.79 5.29 3.93 3.19

Bindal Exports Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.13 2.02 2.54 2.75 1.33
BOM:540148
65GF Score
Bindal Exports Ltd BOM:540148
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bindal Exports Inventory Turnover Calculation

Bindal Exports's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=91.916 / ((20.104 + 37.461) / 2 )
=91.916 / 28.7825
=3.19

Bindal Exports's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Sep. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=37.799 / ((19.226 + 37.461) / 2 )
=37.799 / 28.3435
=1.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.33 mean?
Bindal Exports (BOM:540148) has a Inventory Turnover of 1.33 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Bindal Exports and its competitors.
Is Bindal Exports' Inventory Turnover too high?
Bindal Exports' current Inventory Turnover is 1.33. Overall, Bindal Exports has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bindal Exports' Inventory Turnover compare to competitors?
Bindal Exports' Inventory Turnover of 1.33 can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Manufacturing - Apparel & Accessories company?
A good Inventory Turnover depends on the Manufacturing - Apparel & Accessories industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Bindal Exports and its competitors. Bindal Exports's current Inventory Turnover is 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bindal Exports stock overvalued right now?
Based on GuruFocus' analysis, Bindal Exports (BOM:540148) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹20.33, compared to a current price of ₹27.80 — trading 36.7% above its estimated fair value. The current Inventory Turnover is 1.33. Bindal Exports' overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Bindal Exports (BOM:540148), the current Inventory Turnover is 1.33 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bindal Exports (BOM:540148) Overvalued in 2026?

Based on GuruFocus' analysis, Bindal Exports stock appears to be overvalued. The current stock price of ₹27.80 is trading 36.7% above its estimated GF Value™ of ₹20.33. GuruFocus considers Bindal Exports to be Significantly Overvalued.

Key valuation signals for BOM:540148:

  • Inventory Turnover: 1.33
  • GF Value™: ₹20.33 vs. price of ₹27.80 (36.7% above fair value)
  • GF Score™: 65/100 with 7 warning signs

No single metric tells the full story. See the BOM:540148 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bindal Exports Business Description

Address Surat-Kadodara Road, Block No. 270, Bindal House, Near Kumbharia Bus Stand, Kumbharia, Choryasi, Surat, GJ, IND, 395010
Bindal Exports Ltd is involved in the manufacturing and export of textiles, garments, and made-ups. The company specializes in diverse international styles, varied colors, and specialty finishes, which are tailor-made to customers' requirements. Its fabric portfolio comprises different blends of polyester, rayon, cotton, satin, chiffon, knitted fabric, viscose, etc., which are supplied in domestic and international markets. It derives the majority of its revenue from Fabrics and Fants.
65GF Score

Get the complete analysis for BOM:540148

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹27.80
Price
₹20.33
GF Value