Textile · Founded 1992 · www.banggroup.com · BSE 532946 · NSE BANG · ISIN INE863I01016
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1. Business Overview
Bang Overseas Ltd. is an Indian textile company primarily involved in the manufacturing, marketing, and distribution of apparel products. As a textile player, its core business model likely encompasses designing, sourcing raw materials (such as fabrics), manufacturing garments, and supplying them to various clients, which may include domestic and international brands, retailers, or directly to consumers through its own labels. The "Overseas" in its name suggests a significant focus on exports or international supply chain operations. The company generates revenue through the sale of its textile and apparel products.
2. Key Segments / Revenue Mix
Without specific company data, typical segments for an integrated textile company like Bang Overseas Ltd. could include:
Readymade Garments: Manufacturing and selling finished apparel for men, women, and children.
Textile Fabrics: Production and sale of woven or knitted fabrics.
Home Textiles / Accessories: (Less common for apparel-focused firms, but possible).
A precise breakdown of revenue contribution from these segments is not publicly available within this scope.
3. Industry & Positioning
The Indian textile industry is vast, highly fragmented, and encompasses the entire value chain from fiber to fashion. It includes a mix of large integrated players, mid-sized companies, and numerous small and unorganized units. Bang Overseas operates in this competitive landscape, likely specializing in certain product categories, quality tiers, or target markets (e.g., specific export destinations or domestic retail segments). Its positioning would depend on its scale, production capabilities, design prowess, and established relationships with buyers, competing with both domestic peers and international manufacturers.
4. Competitive Advantage (Moat)
Without specific details, potential competitive advantages for Bang Overseas Ltd. could include:
Operational Efficiency: Ability to produce goods at competitive costs through scale, efficient manufacturing processes, or optimized supply chain management.
Design & Product Differentiation: Strong design capabilities, ability to offer unique products, or quick adaptation to fashion trends.
Customer Relationships: Long-standing relationships with key domestic and international buyers, built on reliability and quality.
Export Market Access: Established infrastructure and networks for navigating international trade and logistics, potentially offering a moat over purely domestic players.
5. Growth Drivers
Key factors that could drive growth for Bang Overseas Ltd. over the next 3-5 years include:
Growing Domestic Consumption: Rising disposable incomes and urbanization in India driving demand for apparel.
Export Opportunities: Increased demand from international markets, diversification into new geographies, and potential benefits from trade agreements.
Shift to Organized Retail: Expansion of modern retail formats and e-commerce platforms providing new distribution channels.
Product Diversification: Expanding into new garment categories or higher-value-added products.
Focus on Sustainability: Adoption of eco-friendly practices and materials, aligning with global consumer and brand preferences.
6. Risks
Bang Overseas Ltd. faces several business risks:
Raw Material Price Volatility: Fluctuations in prices of cotton, synthetic fibers, and dyes can impact manufacturing costs and margins.
Fashion Trend Changes: Rapid shifts in fashion can lead to inventory obsolescence and reduced demand for existing products.
Intense Competition: The highly fragmented textile industry leads to significant price competition.
Currency Fluctuations: For a company involved in exports, adverse movements in foreign exchange rates can affect profitability.
Trade Barriers & Protectionism: Changes in international trade policies, tariffs, or non-tariff barriers can impact export volumes and competitiveness.
Labor Costs: Rising labor costs in India can squeeze margins if not managed effectively through productivity gains.
7. Management & Ownership
Bang Overseas Ltd., like many Indian companies, is likely promoter-driven, implying significant ownership and strategic direction from the founding family or individuals. The quality of management would typically be assessed based on their track record of navigating market cycles, executing expansion plans, managing finances, and adhering to corporate governance standards, which cannot be detailed without specific data. The ownership structure would likely show a substantial stake held by the promoter group.
8. Outlook
Bang Overseas Ltd. operates in an industry with both significant growth potential and inherent volatility. The bull case rests on the company's ability to capitalize on growing domestic and international demand for textile products, driven by favorable demographics, increasing disposable incomes, and potential gains from diversified export markets. Efficient operations, strong client relationships, and timely adaptation to fashion trends and sustainable practices could support its growth trajectory. The bear case highlights risks such as intense competition, volatility in raw material prices and currency rates, disruptions in global trade, and the ever-present challenge of managing rapidly changing consumer preferences. A slowdown in key export markets or a significant increase in input costs could pressure margins. The company's performance will largely depend on its strategic agility and operational excellence in a dynamic global textile landscape.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 30 | 37 | 37 | 42 | 48 | 50 | 48 | 49 | 58 | 59 |
| Other Income | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 |
| Total Income | 31 | 38 | 37 | 42 | 49 | 51 | 49 | 49 | 59 | 60 |
| Total Expenditure | 34 | 40 | 37 | 48 | 48 | 49 | 46 | 47 | 56 | 58 |
| Operating Profit | -3 | -3 | 0 | -6 | 1 | 1 | 3 | 2 | 2 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Profit Before Tax | -4 | -3 | -1 | -7 | 0 | 1 | 2 | 1 | 1 | 0 |
| Provision for Tax | -0 | -0 | -0 | -2 | 0 | 0 | 0 | -1 | -0 | 0 |
| Profit After Tax | -4 | -3 | -0 | -4 | 0 | 0 | 2 | 2 | 1 | 0 |
| Adjustments | -0 | 0 | -0 | -0 | -0 | 0 | -0 | 0 | 0 | -0 |
| Profit After Adjustments | -4 | -3 | -0 | -4 | 0 | 0 | 2 | 2 | 1 | 0 |
| Adjusted Earnings Per Share | -2.7 | -2.4 | -0.3 | -3.2 | 0 | 0.3 | 1.3 | 1.2 | 1.1 | 0.2 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 149 | 160 | 175 | 187 | 168 | 111 | 57 | 84 | 118 | 134 | 189 | 214 |
| Other Income | 3 | 3 | 4 | 4 | 3 | 4 | 5 | 2 | 2 | 3 | 2 | 1 |
| Total Income | 152 | 164 | 179 | 192 | 171 | 115 | 62 | 85 | 120 | 137 | 191 | 217 |
| Total Expenditure | 150 | 156 | 169 | 185 | 166 | 110 | 58 | 78 | 114 | 142 | 192 | 207 |
| Operating Profit | 2 | 8 | 10 | 7 | 6 | 5 | 4 | 7 | 6 | -6 | -1 | 8 |
| Interest | 5 | 5 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 |
| Depreciation | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -6 | 1 | 6 | 4 | 2 | 8 | 1 | 5 | 4 | -8 | -4 | 4 |
| Provision for Tax | -0 | -0 | 2 | 0 | 2 | 0 | -0 | 0 | 2 | -0 | -2 | -1 |
| Profit After Tax | -6 | 1 | 4 | 3 | 0 | 7 | 1 | 5 | 1 | -8 | -2 | 5 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -6 | 1 | 4 | 3 | 0 | 7 | 1 | 5 | 1 | -8 | -2 | 5 |
| Adjusted Earnings Per Share | -4.1 | 0.8 | 2.8 | 2.4 | 0.1 | 5.4 | 1.1 | 3.5 | 0.9 | -6.2 | -1.6 | 3.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 41% | 31% | 11% | 2% |
| Operating Profit CAGR | 0% | NAN% | NAN% | NAN% |
| PAT CAGR | 0% | NAN% | NAN% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -29% | -2% | 3% | 8% |
| ROE Average | -2% | -3% | -1% | 1% |
| ROCE Average | -2% | -1% | 1% | 3% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 67 | 68 | 79 | 83 | 83 | 90 | 92 | 96 | 98 | 89 | 87 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 1 | 0 | 0 | 5 | 6 | 5 | 3 | 2 | 6 | 6 | 5 |
| Other Non-Current Liabilities | 2 | 2 | -2 | -3 | 3 | -0 | -2 | -1 | 1 | 1 | -1 |
| Total Current Liabilities | 68 | 68 | 70 | 76 | 63 | 55 | 43 | 45 | 59 | 63 | 77 |
| Total Liabilities | 138 | 139 | 147 | 162 | 155 | 150 | 136 | 142 | 165 | 159 | 169 |
| Fixed Assets | 21 | 20 | 18 | 22 | 21 | 20 | 20 | 18 | 18 | 19 | 18 |
| Other Non-Current Assets | 19 | 20 | 16 | 15 | 16 | 4 | 5 | 5 | 21 | 6 | 7 |
| Total Current Assets | 97 | 99 | 113 | 125 | 118 | 125 | 110 | 120 | 126 | 134 | 144 |
| Total Assets | 138 | 139 | 147 | 162 | 155 | 150 | 136 | 142 | 165 | 159 | 169 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 17 | 13 | 4 | 4 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Cash Flow from Operating Activities | 37 | 4 | -0 | 7 | 3 | 1 | 4 | -14 | 11 | -13 | -2 |
| Cash Flow from Investing Activities | -0 | -1 | -2 | -3 | -5 | 2 | 2 | 10 | -16 | 17 | 5 |
| Cash Flow from Financing Activities | -40 | -3 | 1 | -7 | 1 | -3 | -5 | 4 | 4 | -4 | -3 |
| Net Cash Inflow / Outflow | -4 | -0 | -0 | -3 | -0 | 0 | 1 | -0 | -1 | -0 | 0 |
| Closing Cash & Cash Equivalent | 13 | 13 | 4 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -4.13 | 0.84 | 2.8 | 2.36 | 0.07 | 5.38 | 1.05 | 3.54 | 0.87 | -6.18 | -1.6 |
| CEPS(Rs) | -1.93 | 2.44 | 4.45 | 3.94 | 1.79 | 7 | 2.45 | 4.85 | 1.86 | -5.12 | -0.56 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 49.09 | 50.16 | 58.62 | 61.37 | 61.41 | 66.57 | 67.62 | 71.16 | 72.04 | 65.87 | 64.23 |
| Core EBITDA Margin(%) | -0.52 | 3.02 | 3.47 | 1.36 | 1.38 | 0.77 | -2.11 | 6.61 | 3.37 | -6.34 | -1.62 |
| EBIT Margin(%) | -0.32 | 3.75 | 4.27 | 2.59 | 1.91 | 8.09 | 3.81 | 6.95 | 4.05 | -5.2 | -1.21 |
| Pre Tax Margin(%) | -3.97 | 0.64 | 3.34 | 1.96 | 1.07 | 6.91 | 1.64 | 6.02 | 2.99 | -6.33 | -2.11 |
| PAT Margin (%) | -3.76 | 0.71 | 2.17 | 1.71 | 0.05 | 6.59 | 2.45 | 5.91 | 0.98 | -6.26 | -1.15 |
| Cash Profit Margin (%) | -1.76 | 2.06 | 3.45 | 2.85 | 1.44 | 8.58 | 5.82 | 7.87 | 2.14 | -5.2 | -0.4 |
| ROA(%) | -3.67 | 0.82 | 2.65 | 2.07 | 0.06 | 4.78 | 0.98 | 3.55 | 0.75 | -5.18 | -1.33 |
| ROE(%) | -8.05 | 1.69 | 5.15 | 3.93 | 0.11 | 8.4 | 1.54 | 5.24 | 1.19 | -8.96 | -2.46 |
| ROCE(%) | -0.37 | 5.52 | 6.39 | 4.08 | 2.84 | 7.79 | 1.87 | 4.84 | 3.73 | -5.62 | -2 |
| Receivable days | 112.14 | 97.34 | 108.12 | 134.5 | 157.03 | 200.44 | 360.59 | 269.28 | 196.06 | 124.43 | 60.8 |
| Inventory Days | 91.36 | 71.46 | 66.22 | 59.92 | 69.81 | 118.45 | 197.67 | 128.05 | 123.97 | 168.44 | 164.58 |
| Payable days | 61.23 | 73.48 | 69.86 | 83.35 | 108.5 | 164.66 | 239.44 | 128.93 | 108.75 | 128.34 | 129.74 |
| PER(x) | 0 | 17.13 | 16.07 | 11.97 | 538.64 | 2.92 | 26.58 | 9.23 | 40.72 | 0 | 0 |
| Price/Book(x) | 0.12 | 0.29 | 0.77 | 0.46 | 0.58 | 0.24 | 0.41 | 0.46 | 0.49 | 0.7 | 0.73 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.24 | 0.31 | 0.53 | 0.33 | 0.41 | 0.37 | 0.95 | 0.81 | 0.66 | 0.64 | 0.46 |
| EV/Core EBITDA(x) | 14.56 | 5.99 | 9.62 | 8.75 | 12.55 | 8.24 | 13.22 | 9.1 | 12.58 | -15.52 | -97.62 |
| Net Sales Growth(%) | -23.72 | 7.67 | 9.13 | 6.9 | -10.23 | -34.15 | -48.36 | 46.2 | 40.75 | 13.77 | 41.22 |
| EBIT Growth(%) | 96 | 1365.22 | 24.34 | -35.22 | -33.7 | 178.44 | -75.65 | 166.63 | -18 | -245.99 | 67.02 |
| PAT Growth(%) | 67.26 | 120.37 | 233.13 | -15.87 | -97.2 | 8042.32 | -80.82 | 252.89 | -76.66 | -827.65 | 74.07 |
| EPS Growth(%) | 67.26 | 120.37 | 233.14 | -15.87 | -97.2 | 8045 | -80.44 | 236.94 | -75.55 | -813.2 | 74.07 |
| Debt/Equity(x) | 0.62 | 0.62 | 0.56 | 0.37 | 0.35 | 0.3 | 0.26 | 0.29 | 0.34 | 0.3 | 0.3 |
| Current Ratio(x) | 1.42 | 1.44 | 1.62 | 1.64 | 1.87 | 2.27 | 2.59 | 2.66 | 2.12 | 2.14 | 1.87 |
| Quick Ratio(x) | 0.94 | 1 | 1.14 | 1.27 | 1.3 | 1.63 | 1.97 | 1.94 | 1.32 | 0.92 | 0.64 |
| Interest Cover(x) | -0.09 | 1.21 | 4.6 | 4.12 | 2.27 | 6.84 | 1.75 | 7.42 | 3.82 | -4.61 | -1.35 |
| Total Debt/Mcap(x) | 4.97 | 2.17 | 0.73 | 0.8 | 0.6 | 1.28 | 0.63 | 0.63 | 0.69 | 0.44 | 0.41 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 72.98 | 72.98 | 72.98 | 72.98 | 67.87 | 67.87 | 67.87 | 67.87 | 67.87 | 67.87 |
| FII | 0.02 | 0 | 0 | 0.05 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 27 | 27.02 | 27.02 | 26.97 | 32.13 | 32.13 | 32.13 | 32.13 | 32.13 | 32.13 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.99 | 0.99 | 0.99 | 0.99 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.37 | 0.37 | 0.37 | 0.37 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +41% | +31% | +11% | +2% |
| Operating Profit CAGR | — | 0% | 0% | 0% |
| PAT CAGR | — | 0% | 0% | — |
| Share Price CAGR | -29% | -2% | +3% | +8% |
| ROE Average | -2% | -3% | -1% | +1% |
| ROCE Average | -2% | -1% | +1% | +3% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 72.98 | 72.98 | 72.98 | 72.98 | 67.87 | 67.87 | 67.87 | 67.87 | 67.87 | 67.87 |
| FII | 0.02 | 0 | 0 | 0.05 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 27.02 | 27.02 | 27.02 | 27.02 | 32.13 | 32.13 | 32.13 | 32.13 | 32.13 | 32.13 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.99 | 0.99 | 0.99 | 0.99 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.37 | 0.37 | 0.37 | 0.37 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 |
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