Bhatia and Company
Introduction
Bhatia and company is a prominent authorized dealer company with Maruti Suzuki. It is a diversified business group in Rajasthan, India. They operate multiple showrooms and service centres for vehicles like Maruti Suzuki Arena, Nexa, and commercial vehicles, as well as with financial and driving schools.
Company Overview
The company was established in 1979, as a partnership firm dealing in Kirloskar tractors. They acquired the dealership with maruti suzuki in 1986. The company operates around 10 dealership outlets across multiple service shops around Rajasthan. It has a high volume, and is a multi brand retail outlet.
Promoter and founder introduction
The Bhatia and company was founded by late Mr. J.C. Bhatia and his son Mr. Ram J. Bhatia in 1979. It was established in January 1979. It is a well-established group in maruti suzuki cars, real estate, finances and education.
Ram Bhatia is the current managing director of the company.
He has pursued his education in Nathdwara, Rajasthan. Later he graduated from IIT bombay (1981-1985). Currently he helps the IIT students to conquer the tailored strategies.
Financial statement analysis
Income statement
Metric | Mar 2023 | Mar 2024 | Mar 2025 |
Sales | 342 | 414 | 442 |
Expenses | 330 | 397 | 423 |
Operating Profit | 12 | 17 | 20 |
OPM % | 4% | 4% | 4% |
Other Income | 2 | 2 | 2 |
Interest | 2 | 2 | 2 |
Depreciation | 1 | 1 | 2 |
Profit before tax | 11 | 15 | 18 |
Tax % | 25% | 25% | 25% |
Net Profit | 8 | 12 | 14 |
Balance sheet
Metric | Mar 2023 | Mar 2024 | Mar 2025 |
Equity Capital | 13 | 13 | 13 |
Reserves | 42 | 54 | 76 |
Borrowings | 19 | 21 | 8 |
Other Liabilities | 21 | 30 | 34 |
Total Liabilities | 95 | 117 | 131 |
Fixed Assets | 8 | 10 | 13 |
CWIP | 0 | 0 | 0 |
Investments | 0 | 0 | 0 |
Other Assets | 87 | 107 | 118 |
Total Assets | 95 | 117 | 131 |
Cash flow
Activity | Mar 2023 | Mar 2024 | Mar 2025 |
Cash from Operating Activity | 8 | 5 | 5 |
Cash from Investing Activity | -0 | -1 | -8 |
Cash from Financing Activity | 1 | 1 | -6 |
Net Cash Flow | 9 | 5 | -9 |
Key Interpretation and insights
Strength
The company is able to meet its short-term (1 year) commitments with its cash holdings, and debt is well-covered by operating cash flow.
Weakness
The stock has faced downward pressure, with a 6-month decline and a "sell" rating in some assessments, suggesting weak investor sentiment.
Risk factor
The specialized retail sector is characterized by intense competition, which keeps operating margins low.
Future outlook
The company shows a "positive" financial trend in terms of revenue and profit growth.
Conclusion
The company is focusing on increasing retail outlets and expanding its product portfolio. Due to recent negative stock performance and underperformance against benchmarks, despite showing stable financial trends
Sources
Bhatia and company
India infoline
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