Company Overview

Bhalchandram Clothing Limited, incorporated on September 27, 2005, is primarily engaged in the trading of Cotton textiles, specializing in the export of quality Cotton Yarns and fabrics. The company sources high-quality yarns, cotton, and fabrics from leading spinning mills across the nation. Managed by highly qualified and experienced professionals, Bhalchandram Clothing operates within the textiles segment, focusing on providing quality cotton-based products to both domestic and international markets. Its comprehensive product range includes Cotton Yarns (carded & combed ring spun yarns in coarser & fine counts, ply yarns, special yarns) and grey fabrics, positioning Bhalchandram Clothing as a significant player in the textile export industry.

Corporate Information

- Registered Office: 2201 Nana Chowk, Dhavalgiri August Kranti Marg, Mumbai, Maharashtra-400036

- Contact: 91-22-40500100

- Trading Symbols: BHALCHANDR (NSE/BSE)

- Corporate Identification Number (CIN): L17120MH2005PLC156451

- Registration Number: 156451

Management and Leadership

The company is led by an experienced management team with deep industry expertise.

- Promoters: Ujwal Rambilas Lahoti, Umesh Rambilas Lahoti, Prakash Ramchandra Bang, Mahesh Murlidhar Bhattad, Meghna V Panchal, Aadhitiya Ujwal Lahoti, Sunil Kumar Patel.

- Chairman: _(Name not specified)_

- Company Secretary: Sunil Kumar Patel

Shareholding Pattern

- Promoter Holding: 46.36% (as of Sep 2024), showing stable commitment since Mar 2022.

- The remaining shareholding is distributed among retail and other institutional investors, indicating a balanced ownership structure.

Financial Performance

The company operates in the trading sector within the textiles industry.

- Revenue Growth: Over the last 5 years, revenue has grown at a yearly rate of 34.45%, significantly outperforming the industry average of 3%.

- Return on Equity: The company has a low return on equity of -17.6% over the last 3 years.

- Other Financial Highlights:

- Strong revenue growth trajectory outperforming industry averages.

- Earnings include an 'other income' component of Rs. 1.45 Cr.

- The company maintains an active status with regular compliance filings.

Business Model and Operations

Bhalchandram Clothing Ltd (BHALCHANDR) belongs to the Consumer Discretionary sector, within the Textiles sub-sector. The company's business model is centered around sourcing high-quality textile products from established spinning mills across India and exporting them to international markets. This approach leverages India's textile manufacturing capabilities while ensuring adherence to quality standards expected by global customers.

Regulatory Compliance and Governance

- Subsidiaries: The Company does not have any subsidiary, Joint Venture, or Associate Company as of March 31, 2024.

- Deposits: During the Financial Year 2023-24, the Company did not accept any deposits as per Section 73 of the Companies Act, 2013.

- Board Meetings and Committees:

- The Company held 4 board meetings during the Financial Year 2023-24, adhering to Section 173 of the Companies Act, 2013.

- The company maintains various committees, including an Audit Committee, Stakeholder Relationship Committee, and Nomination & Remuneration Committee, to ensure robust corporate governance practices.

- Audit Committee Meetings were held on: 19/05/2023, 23/08/2023, 10/11/2023, and 13/02/2024.

- The company maintains compliance with all applicable regulations and files required documents with regulatory authorities on time.