Bata India Ltd - Stock Valuation and Financial Performance

BSE: 500043 | NSE: BATAINDIA | Footwear | Small Cap

Bata india Share Price

1,297.65 33.45 2.65%
as on 21-Feb'25 16:59

DeciZen - make an informed investing decision on Bata india

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Bata India stock performance -

P/E Ratio (CD):
47.87
Market Cap:
16,678.4 Cr.
52-wk low:
1,228
52-wk high:
1,632

Is Bata India Ltd an attractive stock to invest in?

1. Is Bata India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bata India Ltd is a good quality company.

2. Is Bata India Ltd undervalued or overvalued?

The key valuation ratios of Bata India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Bata India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Bata India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Bata india:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bata India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 38.4%28.2%19.6%25.1%30.6%33.9%-0.5%13.4%33.7%32.2%-
Value Creation
Index
1.81.10.50.91.32.0-1.00.21.51.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,1552,4232,4742,6342,9313,0561,7082,3883,4523,4793,498
Sales YoY Gr.-12.4%2.1%6.5%11.3%4.3%-44.1%39.8%44.6%0.8%-
Adj EPS 13.512.113.917.225.625.8-6.68.125.222.727.1
YoY Gr.--10.2%14.6%23.9%49%0.8%-125.7%NA212.4%-9.9%-
BVPS (₹) 61.995103114.7135.5147.4136.8141.2111.9118.8118.9
Adj Net
Profit
173156178221329332-85.2104324292348
Cash Flow from Ops. 95204257160345582461212629453-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.5%3.5%26.8%0.8%
Adj EPS 6%-2.4%NA-9.9%
BVPS7.5%-2.6%-4.6%6.2%
Share Price 7.2% -6.4% -11.7% -8.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
23.313.91415.820.518.3-4.75.819.919.722.8
Op. Profit
Mgn %
13.112.11213.816.727.79.91823.422.921.2
Net Profit
Mgn %
86.47.28.411.210.9-54.39.48.410
Debt to
Equity
0000000000-
Working Cap
Days
11814614414814514723616613714487
Cash Conv.
Cycle
3541382722315252435742

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.80%

Sales growth is growing at healthy rate in last 3 years 26.75%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 1.24%

Latest Financials - Bata India Ltd.

Standalone Consolidated
TTM EPS (₹) 26.9 27.1
TTM Sales (₹ Cr.) 3,498 3,498
BVPS (₹.) 118.4 118.9
Reserves (₹ Cr.) 1,457 1,464
P/BV 10.96 10.92
PE 48.32 47.87
From the Market
52 Week Low / High (₹) 1228.00 / 1632.00
All Time Low / High (₹) 11.86 / 2261.65
Market Cap (₹ Cr.) 16,678
Equity (₹ Cr.) 64.3
Face Value (₹) 5
Industry PE 55.7

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 798 2.5945 -1.4837 2.2919 1.7
Adj EPS (₹) 5 -3.16.3 -24.94 -175.2 14.2
Op. Profit Mgn % 22.85 -53 bps19.58 -542 bps20.86 -132 bps21.72 153 bps
Net Profit Mgn % 7.98 -45 bps8.50 -266 bps6.21 -144 bps7.21 79 bps

Management X-Ray of Bata india:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:50.16%Institutions:36.63%Non-Institutions:13.21%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec240%10%20%30%40%50%60%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Bata india

MRP
spaceLock icon
MOS
spaceLock icon%
DP
spaceLock icon
Base EPS
spaceLock icon
DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

Bata India Ltd: Q2FY24 result update - 17 Nov 2023

Particulars

Q2FY24

(Rs. Cr)

YoY Trend

Comments

Revenue

819

-1%

On account of weak discretionary demand
EBITDA

182

+13%

 
EBITDA Margin

22%

+300 bps

Driven by softening of raw material pricing and improved product mix.
PAT

34

-38%

On account of increase in  depreciation expense

Weak result.Sluggish revenue growth, particularly within the value segment (<Rs. 1,000)

Bata India: Q1FY24 Result Update - 12 Aug 2023

Particulars

Q1FY24

YoY Trend

Comments

Revenue

958

+2%

Driven by higher average selling price

EBITDA

240

-2%

 

EBITDA Margin

25%

-100 bps

 

PAT

107

-10%

 

At par result on account of decrease in same store sale growth (SSSG) but increase in average selling price.

 

Bata India: Q4FY23 Result Update - 02 Jun 2023

Particulars

Q4FY23

YoY Growth

Comment

Revenue

779

17%

 

EBITDA

179

10.7%

 

EBITDA Margin

23%

-133bps

Jump in other expenses on account of investment in brand/channel building.

PAT

66

4.4%

 

Good result.Revenue growth will be supported by increase in the casual and premium portfolio, along with a strong expansion strategy through franchising, distribution channels, and own e-store.

 

Key Ratios of Bata india

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Bata india 1,297.7 33.5 (2.7%) Small Cap 3,479 27.1 8.4 46.6 10.6
Relaxo Footwears 443.3 -1.1 (-0.3%) Small Cap 2,914 7.1 6.8 63 5.4
Campus Activewear 274.7 8 (3%) Small Cap 1,448 3.9 6.2 68.5 11
Liberty Shoes 343.3 -7.6 (-2.2%) Small Cap 637 7.6 2.3 46.2 2.8
Khadim India 286.2 0.2 (0.1%) Small Cap 615 2.9 1.1 100.4 2.1
Mirza International 33.3 -0 (-0.1%) Small Cap 603 -0.1 2.3 - 1
Superhouse 182.1 -0.7 (-0.4%) Small Cap 521 12.9 1.4 14.2 0.5
Lehar Footwears 239.7 -0.6 (-0.3%) Small Cap 194 4 3.3 60.3 5.1
Mayur Leather Prod 6.7 0 (0%) Small Cap 0.2 -2.9 -261.2 - -
NB Footwear 14.3 -0.8 (-5%) Small Cap 0 -0.1 - - -8.2
Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales2,6942,4232,4742,6342,9313,0561,7082,3883,4523,479
Operating Expenses 2,3432,1332,1852,2722,4432,2131,5421,9632,6472,684
Manufacturing Costs11110211011511913487106149156
Material Costs1,2381,1521,1581,2021,2871,2978371,0871,5141,492
Employee Cost 312261273296331376340379419420
Other Costs 682618644659706406278392566615
Operating Profit 351290290362488843167425804795
Operating Profit Margin (%) 13.0%12.0%11.7%13.7%16.6%27.6%9.8%17.8%23.3%22.9%
Other Income 43274650686994563962
Interest 181615151412910899118126
Depreciation 7979656064296265242295339
Exceptional Items 3275-22000-500-41
Profit Before Tax 329297234337478487-117140430351
Tax 987975117149158-273710788
Profit After Tax 231217159221329329-89103323263
PAT Margin (%) 8.6%9.0%6.4%8.4%11.2%10.8%-5.2%4.3%9.4%7.5%
Adjusted EPS (₹)18.016.912.417.225.625.6-7.08.025.120.4
Dividend Payout Ratio (%)18%21%28%23%24%16%-58%680%54%59%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,0211,2211,3241,4751,7421,8941,7581,8151,4381,527
Share Capital 64646464646464646464
Reserves 9571,1571,2601,4101,6781,8301,6941,7501,3741,463
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables357329408480516503440456409300
Others Liabilities 1719490811071,2249961,1501,4431,499
Total Liabilities 1,5491,6441,8232,0362,3643,6213,1943,4213,2903,326

Fixed Assets

Gross Block6983824064905691,6751,4751,8592,0552,241
Accumulated Depreciation38978138193253305355633663732
Net Fixed Assets3093042682963171,3691,1201,2261,3921,509
CWIP 48193012172034544
Investments 0111000011
Inventories705685714765839874608871905930
Trade Receivables58716989666379728380
Cash Equivalents 2103425225918409641,097969531408
Others Assets219222219281284331256279376395
Total Assets 1,5491,6441,8232,0362,3643,6213,1943,4213,2903,326

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 119204257160345582461212629453
PBT 329297234337478487-117140430351
Adjustment 555635233350311283374401
Changes in Working Capital -122-4153-845-68220-204-78-204
Tax Paid -144-108-65-115-141-18747-7-97-95
Cash Flow From Investing Activity -66-114-229-112-278-189-539343940
Capex -134-39-48-75-82-86-36-48-90-98
Net Investments 48-93-208-76-245-167-929449699
Others 20182640496475473239
Cash Flow From Financing Activity -50-52-56-56-63-436-369-341-1,011-518
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -2-2-2-2-1-1-1-1-106-115
Dividend Paid -42-42-45-45-51-80-51-51-699-173
Others -7-9-9-9-11-354-316-289-206-230
Net Cash Flow 237-28-74-4339-3757-24
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)25.6119.6312.4915.7620.4618.1-4.895.7719.8617.71
ROCE (%)38.3928.219.5525.1430.5933.88-0.4713.3933.732.16
Asset Turnover Ratio1.911.541.441.371.331.020.50.721.031.05
PAT to CFO Conversion(x)0.520.941.620.721.051.77N/A2.061.951.72
Working Capital Days
Receivable Days7101011108151289
Inventory Days861031021021001021581139496
Payable Days9510911613514114320615010487

Bata India Ltd Stock News

Bata India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bata india on 21-Feb-2025 16:59 is ₹1,297.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Feb-2025 16:59 the market cap of Bata india stood at ₹16,678.4.
The latest P/E ratio of Bata india as of 21-Feb-2025 16:59 is 48.32.
The latest P/B ratio of Bata india as of 21-Feb-2025 16:59 is 10.96.
The 52-week high of Bata india is ₹1,632 and the 52-week low is ₹1,228.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bata india is ₹3,498 ( Cr.) .

About Bata India Ltd

Bata India has incorporated as Bata Shoe Company Private Limited in 1931. The company was set up initially as a small operation in Konnagar (near Calcutta) in 1932. In January 1934, the foundation stone for the first building of Bata’s operation - now called the Bata. In the years that followed, the overall site was doubled in area. This township is popularly known as Batanagar. It was also the first manufacturing facility in the Indian shoe industry to receive the ISO: 9001 certification. The company went public in 1973 when it changed its name to Bata India. Today, Bata India has established itself as India’s largest footwear retailer. Its retail network of several stores gives it a reach / coverage that no other footwear company can match. The stores are present in good locations and can be found in all the metros, mini-metros and towns. Bata’s smart looking new stores supported by a range of better quality products are aimed at offering a superior shopping experience to its customers. The company also operates a large non retail distribution network through its urban wholesale division and caters to millions of customers through many dealers.

Business area of the company

The company is the largest retailer and leading manufacturer of footwear in India and is a part of the Bata Shoe Organization. The company’s four state-of-the-art production facilities are located strategically across India, producing all kinds of footwear. Currently, the company owns brands like Mocassino, Hush Puppies, Scholls, North Star, Power, Marie Claire, Bubblegummers, Ambassador, Comfit.

Awards

2010:

  • 'Brand Equity' recognized Bata in the 'TOP 50 Most Trusted Brands'.
  • Listed amongst India's Largest Corporations by Fortune India Magazine.
  • Received Images Fashion Award for the Most Admired Retail Partner of the Year.
  • Received the ‘Most Admired Footwear Brand’ of the year award by Images Fashion Forum.

2011:

  • Awarded ‘Retailer of Year (Footwear/Non Apparel)’ by the Asia Retail Congress at Mumbai.
  • Received the ‘Most Admired Footwear Brand’ of the year award by Images Fashion Forum in Mumbai.
  • Amity University awarded Bata India ‘Corporate Excellence Award for the Best Retail Chain’.
  • Recognized as the Most Trusted Brand at 18th position by the Brand Trust Report.
  • Awarded the ‘SUPERBRANDS’ status again for the year 2012.

2012:

  • Brand equity recognized Bata as one of the 'Top most trusted brands' in November 2012. 
  • Awarded the 'Most Admired Large Format Multi Brand Footwear Retailer of the Year - National Chain' by the Images Shoes & Accessories forum.
  • Awarded the 'Customer & Brand Loyalty Award in the Footwear Sector ' from AIMIA.
  • The Brand Trust Report recognized Bata India as the most trusted brand at the 18th position.

2013:

  • Bagged the No. 1 position in the FOOTWEAR category by Brand Equity.
  • Awarded Images Most Admired National Footwear Retail Chain of the Year.
  • Ranked at the 11th position by DNA Newspaper on the basis of a survey conducted by research firm TRA amongst the top Brands in India.

2014-15:

  • 'Pitch Top 50 Brands 2014' Awards by Pitch Magazine.
  • 'Platinum Awards Winner-2014'- Reader's Digest Trusted Brands by India Today.
  • 'The Economic Times Best 200 Brands in India' by The Economic Times.
  • 'Dun & Bradstreet Corporate Awards -2014' by Dun & Bradstreet.
  • Brand Equity recognized BATA in the ‘Top 50 Most Trusted Brands’ of the Country and recognized BATA at the 9th position.
  • 'Delhi NCR's Hot 50 Brands' Awards by Hindustan Times.
  • 'Golden Global Achiever's' Awards by Institute of Economic Studies.
  • 'Child's Most Popular Award - 2014' by The Child Magazine.

2015-16:

  • Dun & Bradstreet Corporate Awards-2015.
  • The Most Trusted Brand-Brand Trust Report, India Study 2015.
  • Best Footwear Brand 2015 - Brand with outstanding e-Retail Performance and re-design/re-launch of the Year by Franchise India.

2017-18:

  • IMAGES Most Admired Footwear Brand of the year 2017 at the 18th Annual IMAGES Fashion Awards.
  • Featured among AFAQ’S 2017 India’s Buzziest Brands.
  • Dun & Bradstreet corporate award 2017.

2018-19:

  • Awarded for Most Admired Fashion Brand of the Year at India Fashion Forum.
  • Awarded as Most Admired Fashion Brand of the Year (FOOTWEAR) at 19th Annual IMAGES Fashion Awards.
  • Awarded for Outstanding Sales in 2017-18 for Hush Puppies.
  • Named the Champion in Supplier Development at 11th CII National Competitiveness and Cluster Summit, 2018.
  • Named the 2018 Reader’s Digest Most Trusted Brand.

2019-20:

  • Best Customer Retail Experience’2019 Awarded by Customer Fest Awards.
  • Most Admired Fashion Brand of The Year (Footwear)’ 2019 Awarded by Images Fashion Awards.
  • Most Influential Brand of The Year’2019 Awarded by Images Fashion Awards.
  • Best Innovation in Retention Strategy’2019 Awarded by RAI.
  • Silver Kaizen for ‘5S & Safety’ Awarded at 12th CII National Competitiveness & Cluster Summit 2019.
  • Marquee 2019 Award by AdClub.
  • Winner ‘Zero Defect Manufacturing’ Case Study Awarded at 12th CII National Competitiveness & Cluster Summit 2019.
  • Recognition for ‘OEM Initiative For Supplier Development’ Awarded at 12th CII National Competitiveness & Cluster Summit 2019.
  • Winner ‘Cluster Approach On Supplier Development’ Awarded at 12th CII National Competitiveness & Cluster Summit 2019.
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