Bata India Ltd

Bata India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bata India Ltd

₹ 1,622 0.26%
01 Dec 11:14 a.m.
bata.in BSE: 500043 NSE : BATAINDIA
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]

Website BSE NSE
  • Market Cap ₹ 20,848 Cr.
  • Current Price ₹ 1,622
  • High / Low ₹ 1,771 / 1,381
  • Stock P/E 66.3
  • Book Value ₹ 109
  • Dividend Yield 0.83 %
  • ROCE 19.6 %
  • ROE 19.8 %
  • Face Value ₹ 5.00
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Pros

  • Company has been maintaining a healthy dividend payout of 225%

Cons

  • Stock is trading at 14.9 times its book value
  • The company has delivered a poor sales growth of 5.55% over past five years.
  • Company has a low return on equity of 6.53% 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
368 616 590 267 614 841 665 943 830 900 779 958 819
350 498 478 299 495 673 503 698 669 694 597 719 637
Operating Profit 18 118 112 -32 119 169 162 245 161 206 182 240 182
OPM % 5% 19% 19% -12% 19% 20% 24% 26% 19% 23% 23% 25% 22%
14 9 14 12 12 14 19 9 12 8 10 13 -25
Interest 27 25 24 23 22 23 25 25 27 29 27 28 28
Depreciation 64 65 62 50 59 62 72 69 74 75 76 81 82
Profit before tax -58 36 40 -92 50 97 85 160 72 110 88 144 46
Tax % 24% 27% 27% 25% 26% 26% 26% 25% 24% 24% 26% 26% 26%
-44 26 29 -69 37 72 63 119 55 83 66 107 34
EPS in Rs -3.45 2.06 2.29 -5.41 2.89 5.63 4.90 9.29 4.27 6.47 5.11 8.32 2.64
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,549 1,842 2,065 2,694 2,423 2,474 2,634 2,931 3,056 1,708 2,388 3,452 3,456
1,310 1,556 1,728 2,343 2,129 2,178 2,271 2,441 2,210 1,540 1,960 2,647 2,647
Operating Profit 239 287 338 351 294 296 364 490 846 169 427 804 809
OPM % 15% 16% 16% 13% 12% 12% 14% 17% 28% 10% 18% 23% 23%
165 29 18 75 97 18 49 66 66 87 54 39 5
Interest 10 12 13 18 16 15 15 14 129 108 99 118 112
Depreciation 41 51 59 79 79 65 60 64 296 265 242 295 315
Profit before tax 352 253 283 329 297 234 337 478 487 -117 140 430 388
Tax % 27% 32% 33% 30% 27% 32% 35% 31% 32% 23% 26% 25%
259 172 191 231 217 159 221 329 329 -89 103 323 290
EPS in Rs 20.14 13.39 14.86 18.00 16.91 12.37 17.16 25.60 25.59 -6.95 8.01 25.13 22.54
Dividend Payout % 15% 22% 22% 18% 21% 28% 23% 24% 16% -58% 680% 54%
Compounded Sales Growth
10 Years: 6%
5 Years: 6%
3 Years: 4%
TTM: 5%
Compounded Profit Growth
10 Years: 6%
5 Years: 8%
3 Years: -1%
TTM: 2%
Stock Price CAGR
10 Years: 12%
5 Years: 9%
3 Years: 2%
1 Year: -6%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 7%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 508 635 776 957 1,157 1,260 1,410 1,678 1,830 1,694 1,750 1,374 1,339
0 0 0 0 0 0 0 0 1,249 1,032 1,094 1,246 1,263
350 430 542 616 512 599 667 732 589 542 616 587 570
Total Liabilities 923 1,130 1,382 1,637 1,733 1,923 2,141 2,474 3,732 3,332 3,525 3,272 3,236
221 243 248 309 304 268 296 317 1,369 1,120 1,226 1,392 1,418
CWIP 8 18 24 48 19 30 12 17 20 34 5 4 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
693 868 1,110 1,280 1,410 1,625 1,833 2,140 2,343 2,179 2,294 1,876 1,817
Total Assets 923 1,130 1,382 1,637 1,733 1,923 2,141 2,474 3,732 3,332 3,525 3,272 3,236

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
31 184 182 119 204 257 160 345 582 461 212 629
3 -128 -118 -66 -114 -229 -112 -278 -189 -53 93 439
-28 -46 -46 -50 -52 -56 -56 -63 -436 -369 -341 -1,011
Net Cash Flow 7 11 18 2 37 -28 -7 4 -43 39 -37 57

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 8 17 11 9
Inventory Days 197 194 224 208 217 225 232 238 246 265 292 218
Days Payable 97 92 110 105 104 129 146 146 142 192 153 99
Cash Conversion Cycle 107 111 123 111 124 106 99 100 112 90 150 128
Working Capital Days 38 32 36 39 61 51 56 46 54 47 64 52
ROCE % 42% 42% 40% 34% 22% 22% 25% 31% 25% -0% 8% 20%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
52.96% 52.96% 52.96% 52.96% 52.96% 52.96% 50.16% 50.16% 50.16% 50.16% 50.16% 50.16%
5.55% 5.33% 5.23% 5.35% 6.01% 6.66% 6.84% 7.87% 4.86% 5.85% 6.63% 7.51%
26.07% 26.00% 27.30% 28.00% 27.46% 27.41% 30.11% 28.97% 31.58% 30.56% 30.31% 29.97%
15.42% 15.71% 14.51% 13.69% 13.57% 12.97% 12.89% 13.00% 13.41% 13.42% 12.89% 12.36%
No. of Shareholders 2,14,7152,23,6082,00,6431,91,8072,01,9512,02,5432,06,8982,16,9792,28,6782,31,0722,22,9092,09,846

* 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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