Bata India Ltd

Bata India Ltd

₹ 1,363 1.03%
26 Apr - close price
About

Bata India is primarily engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network.

Key Points

World’s leading Footwear company
Bata Corporation was founded in the year 1894 in the Czech Republic. The company is the world's leading shoemaker by volume, having retail presence of over 5,300 shops in more than 70 countries and production facilities in 18 countries. It forayed into India in the year 1931 and went public in 1973. Currently, the Bata corporation owns a 53% stake in the company. [1] [2]

  • Market Cap 17,524 Cr.
  • Current Price 1,363
  • High / Low 1,771 / 1,307
  • Stock P/E 60.4
  • Book Value 109
  • Dividend Yield 0.99 %
  • ROCE 19.6 %
  • ROE 19.8 %
  • Face Value 5.00

Pros

  • Company has been maintaining a healthy dividend payout of 231%

Cons

  • Stock is trading at 12.5 times its book value
  • The company has delivered a poor sales growth of 5.59% over past five years.
  • Company has a low return on equity of 6.45% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Leather Industry: Leather / Leather Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
615 590 267 614 841 665 943 830 900 779 958 819 903
498 478 301 495 673 503 698 669 694 599 718 637 722
Operating Profit 117 112 -34 119 169 162 245 161 206 179 240 182 182
OPM % 19% 19% -13% 19% 20% 24% 26% 19% 23% 23% 25% 22% 20%
9 14 12 11 14 19 9 8 8 13 13 -25 11
Interest 25 24 23 22 23 25 25 27 29 27 28 28 29
Depreciation 65 62 50 59 62 72 69 74 75 76 81 82 86
Profit before tax 35 40 -95 50 97 84 160 68 110 88 144 47 77
Tax % 27% 27% 25% 26% 26% 26% 25% 25% 24% 26% 25% 26% 26%
26 29 -71 37 72 63 119 51 83 66 108 34 57
EPS in Rs 2.01 2.29 -5.55 2.88 5.63 4.89 9.29 3.98 6.47 5.10 8.39 2.68 4.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,543 1,842 2,065 2,694 2,415 2,467 2,629 2,928 3,053 1,707 2,388 3,452 3,459
1,303 1,556 1,728 2,343 2,121 2,172 2,263 2,438 2,210 1,539 1,963 2,648 2,676
Operating Profit 239 287 338 351 295 295 366 490 844 168 425 804 783
OPM % 16% 16% 16% 13% 12% 12% 14% 17% 28% 10% 18% 23% 23%
131 29 17 75 97 19 49 66 66 87 54 35 11
Interest 10 12 13 18 16 15 15 14 129 108 99 118 113
Depreciation 41 51 59 79 79 65 60 64 296 265 242 295 325
Profit before tax 319 252 283 329 297 234 340 478 485 -118 137 426 357
Tax % 29% 32% 33% 30% 27% 32% 34% 31% 33% 23% 26% 25%
226 172 191 231 218 159 224 330 327 -90 101 319 265
EPS in Rs 17.58 13.35 14.84 17.99 16.93 12.35 17.40 25.65 25.44 -7.02 7.85 24.83 20.63
Dividend Payout % 17% 22% 22% 18% 21% 28% 23% 24% 16% -57% 694% 54%
Compounded Sales Growth
10 Years: 6%
5 Years: 6%
3 Years: 4%
TTM: 4%
Compounded Profit Growth
10 Years: 6%
5 Years: 7%
3 Years: -1%
TTM: -8%
Stock Price CAGR
10 Years: 10%
5 Years: -1%
3 Years: 0%
1 Year: -8%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 6%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 64 64 64 64 64 64 64 64 64 64 64 64 64
Reserves 510 636 777 958 1,158 1,261 1,414 1,682 1,832 1,696 1,750 1,370 1,335
0 0 0 0 0 0 0 0 1,249 1,032 1,094 1,245 1,261
350 430 542 615 508 597 666 732 589 542 616 587 568
Total Liabilities 924 1,130 1,383 1,637 1,730 1,923 2,145 2,479 3,735 3,334 3,525 3,265 3,228
219 241 246 307 302 266 294 315 1,368 1,118 1,224 1,389 1,414
CWIP 8 18 24 48 19 30 12 17 20 34 5 4 1
Investments 5 5 5 5 5 5 5 5 5 5 5 5 5
692 866 1,108 1,278 1,404 1,622 1,833 2,142 2,343 2,178 2,291 1,868 1,807
Total Assets 924 1,130 1,383 1,637 1,730 1,923 2,145 2,479 3,735 3,334 3,525 3,265 3,228

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
70 185 182 119 204 262 156 344 580 458 212 629
-32 -129 -117 -66 -116 -233 -107 -277 -187 -50 93 438
-31 -46 -46 -50 -52 -56 -56 -63 -436 -369 -341 -1,010
Net Cash Flow 7 10 19 2 37 -27 -7 4 -44 39 -37 57

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 7 9 9 8 11 10 12 8 7 17 11 9
Inventory Days 197 194 224 208 216 223 233 238 246 265 292 218
Days Payable 97 92 110 105 104 129 146 147 142 192 153 99
Cash Conversion Cycle 107 111 123 111 123 104 99 100 112 90 150 128
Working Capital Days 39 32 36 39 61 50 55 46 54 48 64 52
ROCE % 45% 42% 40% 34% 22% 22% 25% 31% 25% -0% 8% 20%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.96% 52.96% 52.96% 52.96% 50.16% 50.16% 50.16% 50.16% 50.16% 50.16% 50.16% 50.16%
5.23% 5.35% 6.01% 6.66% 6.84% 7.87% 4.86% 5.85% 6.63% 7.51% 7.88% 8.24%
27.30% 28.00% 27.46% 27.41% 30.11% 28.97% 31.58% 30.56% 30.31% 29.97% 29.69% 28.31%
14.51% 13.69% 13.57% 12.97% 12.89% 13.00% 13.41% 13.42% 12.89% 12.36% 12.26% 13.28%
No. of Shareholders 2,00,6431,91,8072,01,9512,02,5432,06,8982,16,9792,28,6782,31,0722,22,9092,09,8462,04,8612,23,136

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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