BHANDARINSEBhandari Hosiery Exports LimitedHighNeutral
Announced Fri, 29 May · 17:28 IST

Bhandari Hosiery Exports Limited has informed the Exchange regarding 'recommendation of final dividend'.

BHANDARI · price

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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹3.21
prior close
₹3.20
base price
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+1.6+1.3+1.9+1.3-1.2-2.8-2.5-3.1-3.7-5.0-5.0-8.4
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AI summary

Bhandari Hosiery Exports Limited's Board approved audited FY2026 results showing total revenue of Rs 28,071.41 lakhs (up 0.7% from Rs 27,882.21 lakhs) and PAT of Rs 776.83 lakhs (up 0.7% from Rs 771.32 lakhs). Basic EPS declined from Rs 0.09 to Rs 0.06 due to increased share capital from a rights issue. The company raised Rs 929.07 lakhs via rights issue of 9.29 crore shares at Rs 2.56 premium. Statutory auditors Raj Gupta & Co issued an unmodified opinion. The Board recommended a final dividend of Rs 0.01 per share (1% on face value) subject to shareholder approval at AGM. M/s V.V. Bhalla & Co was appointed as internal auditor for FY2026-27.

Likely market impact

The company showed marginal growth in revenue and profits with a clean audit report, but EPS declined due to dilution from the rights issue. The modest 1% dividend yield reflects limited shareholder returns despite stable operations.