Bata India Ltd

Bata India Ltd

₹ 1,218 -0.23%
11 Jun 1:54 p.m.
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

Parentage
As of June 2024, the Bata Corporation holds a 50% stake in the company. Founded in 1894 in the Czech Republic, Bata Corporation is the world's leading shoemaker by volume having a retail presence of over 5,300 shops in more than 70 countries across 5 continents, and operates 21 production facilities in 18 countries. [1] [2]

  • Market Cap 15,655 Cr.
  • Current Price 1,218
  • High / Low 1,633 / 1,136
  • Stock P/E 65.4
  • Book Value 123
  • Dividend Yield 0.97 %
  • ROCE 14.6 %
  • ROE 15.4 %
  • Face Value 5.00

Pros

  • Company has been maintaining a healthy dividend payout of 62.1%

Cons

  • Stock is trading at 9.96 times its book value
  • The company has delivered a poor sales growth of 2.68% over past five 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
665 943 830 900 779 958 819 903 798 945 837 919 788
503 698 669 694 597 719 637 721 616 760 663 719 610
Operating Profit 162 245 161 206 182 240 182 182 182 185 175 200 178
OPM % 24% 26% 19% 23% 23% 25% 22% 20% 23% 20% 21% 22% 23%
19 9 12 8 10 13 -25 11 22 150 17 -1 22
Interest 25 25 27 29 27 28 28 29 31 31 32 31 35
Depreciation 72 69 74 75 76 81 82 86 90 87 90 90 104
Profit before tax 85 160 72 110 88 144 46 78 83 217 70 77 62
Tax % 26% 25% 24% 24% 26% 26% 26% 26% 23% 20% 26% 24% 26%
63 119 55 83 66 107 34 58 64 174 52 59 46
EPS in Rs 4.90 9.29 4.27 6.47 5.11 8.32 2.64 4.51 4.95 13.54 4.04 4.57 3.57
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2013 Mar 2015 15m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,065 2,694 2,423 2,474 2,634 2,931 3,056 1,708 2,388 3,452 3,479 3,489
1,728 2,343 2,129 2,178 2,271 2,441 2,210 1,540 1,960 2,647 2,682 2,751
Operating Profit 338 351 294 296 364 490 846 169 427 804 797 737
OPM % 16% 13% 12% 12% 14% 17% 28% 10% 18% 23% 23% 21%
18 75 97 18 49 66 66 87 54 39 19 189
Interest 13 18 16 15 15 14 129 108 99 118 126 128
Depreciation 59 79 79 65 60 64 296 265 242 295 339 371
Profit before tax 283 329 297 234 337 478 487 -117 140 430 351 426
Tax % 33% 30% 27% 32% 35% 31% 32% -23% 26% 25% 25% 22%
191 231 217 159 221 329 329 -89 103 323 263 331
EPS in Rs 14.86 18.00 16.91 12.37 17.16 25.60 25.59 -6.95 8.01 25.13 20.42 25.73
Dividend Payout % 22% 18% 21% 28% 23% 24% 16% -58% 680% 54% 59% 74%
Compounded Sales Growth
10 Years: 3%
5 Years: 3%
3 Years: 13%
TTM: 0%
Compounded Profit Growth
10 Years: 1%
5 Years: -6%
3 Years: 33%
TTM: -18%
Stock Price CAGR
10 Years: 9%
5 Years: -2%
3 Years: -11%
1 Year: -17%
Return on Equity
10 Years: 14%
5 Years: 11%
3 Years: 18%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 64 64 64 64 64 64 64 64 64 64 64 64
Reserves 776 957 1,157 1,260 1,410 1,678 1,830 1,694 1,750 1,374 1,463 1,511
0 0 0 0 0 0 1,249 1,032 1,094 1,246 1,357 1,446
542 616 512 599 667 732 589 542 616 587 466 802
Total Liabilities 1,382 1,637 1,733 1,923 2,141 2,474 3,732 3,332 3,525 3,272 3,350 3,823
248 309 304 268 296 317 1,369 1,120 1,226 1,392 1,509 1,800
CWIP 24 48 19 30 12 17 20 34 5 4 4 14
Investments 0 0 0 0 0 0 0 0 0 0 0 1
1,110 1,280 1,410 1,625 1,833 2,140 2,343 2,179 2,294 1,876 1,837 2,008
Total Assets 1,382 1,637 1,733 1,923 2,141 2,474 3,732 3,332 3,525 3,272 3,350 3,823

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
182 119 204 257 160 345 582 461 212 629 453 738
-118 -66 -114 -229 -112 -278 -189 -53 93 439 40 53
-46 -50 -52 -56 -56 -63 -436 -369 -341 -1,011 -518 -638
Net Cash Flow 18 2 37 -28 -7 4 -43 39 -37 57 -24 153

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 9 8 11 10 12 8 8 17 11 9 8 12
Inventory Days 224 208 217 225 232 238 246 265 292 218 227 195
Days Payable 110 105 104 129 146 146 142 192 153 99 73 84
Cash Conversion Cycle 123 111 124 106 99 100 112 90 150 128 162 123
Working Capital Days 36 39 61 51 56 46 54 47 64 52 72 51
ROCE % 40% 34% 22% 22% 25% 31% 25% -0% 8% 20% 19% 15%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
50.16% 50.16% 50.16% 50.16% 50.16% 50.16% 50.16% 50.16% 50.16% 50.16% 50.16% 50.16%
6.84% 7.87% 4.86% 5.85% 6.63% 7.51% 7.88% 8.24% 7.63% 8.81% 7.48% 6.93%
30.11% 28.97% 31.58% 30.56% 30.31% 29.97% 29.69% 28.31% 27.52% 27.12% 29.15% 29.46%
12.89% 13.00% 13.41% 13.42% 12.89% 12.36% 12.26% 13.28% 14.70% 13.89% 13.21% 13.45%
No. of Shareholders 2,06,8982,16,9792,28,6782,31,0722,22,9092,09,8462,04,8612,23,1362,53,3342,37,7352,33,6602,34,080

* 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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