Bhandari Hosiery Exports (NSE:BHANDARI) Net Margin %: 2.09% (As of Mar. 2026) — Near Median


NSE:BHANDARI Bhandari Hosiery Exports Ltd NSE:BHANDARI
66 GF Score
Price ₹3.01
GF Value ₹2.83
Valuation Fairly Valued
! 3 Warning Signs
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What is Bhandari Hosiery Exports Net Margin %?

Bhandari Hosiery Exports NSE:BHANDARI -0.99% 66 Net Margin % is 2.09% as of Mar. 2026, which is 1% below its 10-year median of 2.11. GuruFocus rates NSE:BHANDARI with a GF Score™ of 66/100 and a GF Value™ of ₹2.83 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,040 Manufacturing - Apparel & Accessories companies, Bhandari Hosiery Exports ranks better than 50.87% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Bhandari Hosiery Exports's Net Income for the three months ended in Mar. 2026 was ₹19 Mil. Bhandari Hosiery Exports's Revenue for the three months ended in Mar. 2026 was ₹900 Mil. Therefore, Bhandari Hosiery Exports's net margin for the quarter that ended in Mar. 2026 was 2.09%.

The historical rank and industry rank for Bhandari Hosiery Exports's Net Margin % or its related term are showing as below:

NSE:BHANDARI' s Net Margin % Range Over the Past 10 Years
Min: 0.74   Med: 2.11   Max: 2.77
Current: 2.77


NSE:BHANDARI's Net Margin % is ranked better than
50.87% of 1040 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.58 vs NSE:BHANDARI: 2.77

Bhandari Hosiery Exports  (NSE:BHANDARI) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Bhandari Hosiery Exports Net Margin % Related Terms


Bhandari Hosiery Exports Net Margin % Historical Data

* Premium members only.

The historical data trend for Bhandari Hosiery Exports's Net Margin % 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.

Bhandari Hosiery Exports Net Margin % Chart

Bhandari Hosiery Exports Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.21 2.30 2.45 2.77 2.77

Bhandari Hosiery Exports Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % 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 2.97 2.57 3.03 3.72 2.09

NSE:BHANDARI vs RL, LEVI, VFC: Net Margin % Comparison

For the Apparel Manufacturing subindustry, Bhandari Hosiery Exports's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bhandari Hosiery Exports Net Margin % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bhandari Hosiery Exports's Net Margin % distribution charts can be found below:

* The bar in red indicates where Bhandari Hosiery Exports's Net Margin % falls into.


NSE:BHANDARI
66GF Score
Bhandari Hosiery Exports Ltd NSE:BHANDARI
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Bhandari Hosiery Exports Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Bhandari Hosiery Exports's Net Margin for the fiscal year that ended in Mar. 2026 is calculated as

Net Margin=Net Income (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=77.683/2803.373
=2.77 %

Bhandari Hosiery Exports's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=18.86/900.483
=2.09 %

* 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 Net Margin % →
What does a Net Margin % of 2.09% mean?
Bhandari Hosiery Exports (NSE:BHANDARI) has a Net Margin % of 2.09% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Bhandari Hosiery Exports and its competitors. This is near median its historical median of 2.11. Over the past decade, Bhandari Hosiery Exports' Net Margin % has ranged from 0.74 to 2.77. According to the industry distribution chart, Bhandari Hosiery Exports ranks #511 out of 1040 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 49.1%.
Is Bhandari Hosiery Exports' Net Margin % too high?
Bhandari Hosiery Exports' current Net Margin % of 2.09% is near median its 10-year median of 2.11. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 2.77. The Manufacturing - Apparel & Accessories industry median Net Margin % is 2.58. Bhandari Hosiery Exports' value of 2.09% is 19% below this industry median. Based on the distribution chart, Bhandari Hosiery Exports ranks #511 out of 1040 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Bhandari Hosiery Exports has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bhandari Hosiery Exports' Net Margin % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Bhandari Hosiery Exports ranks #511 out of 1040 companies for Net Margin %. This puts Bhandari Hosiery Exports in the upper half of its industry. The industry median Net Margin % is 2.58. Bhandari Hosiery Exports' value of 2.09% is 19% below this benchmark. Historically, Bhandari Hosiery Exports' own Net Margin % has ranged from 0.74 to 2.77 over the past decade. While the company's 10-year median is 2.11 vs. the industry median of 2.58, Bhandari Hosiery Exports has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Manufacturing - Apparel & Accessories company?
The median Net Margin % among Manufacturing - Apparel & Accessories companies is 2.58, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bhandari Hosiery Exports's current Net Margin % of 2.09% is 19% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Bhandari Hosiery Exports and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Margin % is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bhandari Hosiery Exports's current Net Margin % is 2.09%, which is near median its own 10-year median of 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bhandari Hosiery Exports stock overvalued right now?
Based on GuruFocus' analysis, Bhandari Hosiery Exports (NSE:BHANDARI) is currently considered Fairly Valued. The stock's GF Value™ is ₹2.83, compared to a current price of ₹3.01 — trading 6.4% above its estimated fair value. The current Net Margin % is 2.09%, which is near median its 10-year median of 2.11 and 19% below the Manufacturing - Apparel & Accessories industry median of 2.58. Bhandari Hosiery Exports' overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Bhandari Hosiery Exports (NSE:BHANDARI), the current Net Margin % is 2.09% 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 Bhandari Hosiery Exports (NSE:BHANDARI) Overvalued in 2026?

Based on GuruFocus' analysis, Bhandari Hosiery Exports stock appears to be overvalued. The current stock price of ₹3.01 is trading 6.4% above its estimated GF Value™ of ₹2.83. GuruFocus considers Bhandari Hosiery Exports to be Fairly Valued.

Key valuation signals for NSE:BHANDARI:

  • Net Margin %: 2.09% (near median its 10-year median of 2.11)
  • GF Value™: ₹2.83 vs. price of ₹3.01 (6.4% above fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 19% below the Manufacturing - Apparel & Accessories median (#511 of 1040)

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


Bhandari Hosiery Exports Business Description

Other Exchanges 512608:India
Address Rahon Road, Bhandari House, Village Meharban, Ludhiana, PB, IND, 141007
Bhandari Hosiery Exports Ltd is an India-based firm. The company is engaged in the manufacturing and distribution of textiles consisting of fabric and garments. It is engaged in dyeing, knitting, and finishing of fabrics. Its product portfolio includes products like T-shirts, pullovers, sweatshirts, bermudas, polo shirts, tracksuits, pajamas, lowers, ladies, and knitted tops with embroidery and prints. The majority of its revenue is earned from the Indian market, while it is also engaged in the export of knitted hosiery garments.
66GF Score

Get the complete analysis for NSE:BHANDARI

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

₹3.01
Price
₹2.83
GF Value