Bata India Ltd

About [ edit ]

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

  • Market Cap 21,179 Cr.
  • Current Price 1,649
  • High / Low 1,705 / 1,214
  • Stock P/E
  • Book Value 137
  • Dividend Yield 0.24 %
  • ROCE -0.33 %
  • ROE -4.64 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 12.05 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.75% over past five years.
  • Company has a low return on equity of 10.98% for last 3 years.
  • Earnings include an other income of Rs.89.48 Cr.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
798 673 780 680 883 722 831 621 135 368 616 590
666 586 616 585 639 537 567 481 221 350 498 478
Operating Profit 132 87 164 95 243 185 264 140 -86 18 118 112
OPM % 17% 13% 21% 14% 28% 26% 32% 23% -64% 5% 19% 19%
Other Income 12 15 14 28 17 18 17 17 52 14 9 14
Interest 1 1 1 1 31 31 28 27 28 27 25 24
Depreciation 15 15 17 17 73 75 76 71 73 64 65 62
Profit before tax 128 85 159 106 156 97 176 58 -135 -58 36 40
Tax % 36% 35% 35% 16% 35% 27% 33% 34% 25% 24% 27% 27%
Net Profit 82 55 103 89 101 71 118 38 -101 -44 26 29
EPS in Rs 6.41 4.27 8.02 6.90 7.86 5.55 9.20 2.99 -7.85 -3.45 2.06 2.29

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,092 1,275 1,549 1,842 2,065 2,694 2,423 2,474 2,634 2,931 3,056 1,708
969 1,112 1,310 1,556 1,728 2,345 2,162 2,178 2,271 2,441 2,210 1,546
Operating Profit 122 163 239 287 338 349 261 296 364 490 846 162
OPM % 11% 13% 15% 16% 16% 13% 11% 12% 14% 17% 28% 9%
Other Income 11 14 165 29 18 77 130 18 49 66 66 89
Interest 10 8 10 12 13 18 16 15 15 14 129 104
Depreciation 28 33 41 51 59 79 79 65 60 64 296 265
Profit before tax 96 136 352 253 283 329 297 234 337 478 487 -117
Tax % 35% 35% 27% 32% 33% 30% 27% 32% 35% 31% 32% 23%
Net Profit 63 88 259 172 191 231 217 159 221 329 329 -89
EPS in Rs 4.87 6.88 20.14 13.39 14.86 18.00 16.91 12.37 17.16 25.60 25.59 -6.95
Dividend Payout % 31% 29% 15% 22% 22% 18% 21% 28% 23% 24% 16% -58%
Compounded Sales Growth
10 Years:3%
5 Years:-7%
3 Years:-13%
TTM:-44%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-126%
Stock Price CAGR
10 Years:20%
5 Years:26%
3 Years:26%
1 Year:24%
Return on Equity
10 Years:16%
5 Years:12%
3 Years:11%
Last Year:-5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
64 64 64 64 64 64 64 64 64 64 64 64
Reserves 272 329 508 635 776 957 1,157 1,260 1,410 1,678 1,830 1,694
Borrowings 30 76 0 0 0 0 0 0 0 0 1,249 173
328 454 350 430 542 616 512 599 667 732 589 1,402
Total Liabilities 694 923 923 1,130 1,382 1,637 1,733 1,923 2,141 2,474 3,732 3,332
134 157 221 243 248 309 304 268 296 317 1,369 1,120
CWIP 3 0 8 18 24 48 19 30 12 17 20 34
Investments 17 12 0 0 0 0 0 0 0 0 0 0
539 753 693 868 1,110 1,280 1,410 1,625 1,833 2,140 2,343 2,179
Total Assets 694 923 923 1,130 1,382 1,637 1,733 1,923 2,141 2,474 3,732 3,332

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
100 59 31 184 182 119 204 257 160 345 582 461
-58 -85 3 -128 -118 -66 -114 -229 -112 -278 -189 -53
-35 26 -28 -46 -46 -50 -52 -56 -56 -63 -436 -369
Net Cash Flow 7 -0 7 11 18 2 37 -28 -7 4 -43 39

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 30% 35% 42% 42% 40% 34% 22% 22% 25% 31% 25% -0%
Debtor Days 9 9 7 9 9 8 11 10 12 8 8 17
Inventory Turnover 1.49 1.61 1.92 2.14 1.91 2.02 1.74 1.73 1.70 1.68 1.58 1.13

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
52.96 52.96 52.96 52.96 52.96 52.96 52.96 52.96 52.96 52.96 52.96 52.96
6.93 8.78 10.35 11.14 12.31 11.27 11.13 9.24 6.91 4.69 5.55 5.33
24.15 22.30 22.36 21.58 20.41 21.68 21.33 22.84 24.76 26.35 26.07 26.00
15.96 15.97 14.34 14.32 14.32 14.09 14.58 14.96 15.37 16.00 15.42 15.71

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