Bata India Ltd - Stock Valuation and Financial Performance

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

Bata india Share Price

1,363.60 -2.80 -0.20%
as on 28-Mar'24 16:01

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 -

mw4me loader
P/E Ratio (CD):
66.30
Market Cap:
17,534.4 Cr.
52-wk low:
1,348.6
52-wk high:
1,770.1

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

Dec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 27.2%24.6%14.9%14.8%16.5%21.1%23.2%-0.5%9.7%25%-
Value Creation
Index
1.00.80.10.10.20.61.1-1.0-0.10.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,0652,1552,4232,4742,6342,9313,0561,7082,3883,4523,459
Sales YoY Gr.-4.4%12.4%2.1%6.5%11.3%4.3%-44.1%39.8%44.6%-
Adj EPS 15.613.512.113.917.225.625.8-6.68.125.220.6
YoY Gr.--13.4%-10.2%14.6%23.9%49%0.8%-125.7%NA212.3%-
BVPS (₹) 63.261.995103114.7135.5147.4136.8141.2111.9113.7
Adj Net
Profit
200173156178221329332-85.2104324264
Cash Flow from Ops. 18395204257160345582461212629-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.9%5.6%4.1%44.6%
Adj EPS 5.5%7.9%-0.9%212.3%
BVPS6.6%-0.5%-8.8%-20.8%
Share Price 9.2% -0.7% -1.2% -3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2623.313.91415.820.518.3-4.75.819.918.3
Op. Profit
Mgn %
16.413.112.11213.816.727.79.91823.422.7
Net Profit
Mgn %
9.786.47.28.411.210.9-54.39.47.7
Debt to
Equity
0000000000-
Working Cap
Days
12411814614414814514723616613089
Cash Conv.
Cycle
4035413827223152524342

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.20%

Sales growth has been subdued in last 3 years 4.14%

Net Profit has been subdued in last 3 years -0.86%

Sales growth is not so good in last 4 quarters at 4.43%

Latest Financials - Bata India Ltd.

Standalone Consolidated
TTM EPS (₹) 20.6 20.6
TTM Sales (₹ Cr.) 3,459 3,459
BVPS (₹.) 113.4 113.7
Reserves (₹ Cr.) 1,393 1,397
P/BV 12.04 12.00
PE 66.12 66.30
From the Market
52 Week Low / High (₹) 1348.60 / 1770.10
All Time Low / High (₹) 11.86 / 2261.65
Market Cap (₹ Cr.) 17,534
Equity (₹ Cr.) 64.3
Face Value (₹) 5
Industry PE 107.9

Management X-Ray of Bata india:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bata india

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,0652,6942,4232,4742,6342,9313,0561,7082,3883,452
Operating Expenses 1,7312,3432,1332,1852,2722,4432,2131,5421,9632,647
Manufacturing Costs8211110211011511913487106149
Material Costs9491,2381,1521,1581,2021,2871,2978371,0871,514
Employee Cost 213312261273296331376340379419
Other Costs 488682618644659706406278392566
Operating Profit 334351290290362488843167425804
Operating Profit Margin (%) 16.2%13.0%12.0%11.7%13.7%16.6%27.6%9.8%17.8%23.3%
Other Income 31432746506869945639
Interest 13181615151412910899118
Depreciation 597979656064296265242295
Exceptional Items -103275-22000-500
Profit Before Tax 283329297234337478487-117140430
Tax 92987975117149158-2737107
Profit After Tax 191231217159221329329-89103323
PAT Margin (%) 9.2%8.6%9.0%6.4%8.4%11.2%10.8%-5.2%4.3%9.4%
Adjusted EPS (₹)14.918.016.912.417.225.625.6-7.08.025.1
Dividend Payout Ratio (%)22%18%21%28%23%24%16%-58%680%54%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 8401,0211,2211,3241,4751,7421,8941,7581,8151,438
Share Capital 64646464646464646464
Reserves 7769571,1571,2601,4101,6781,8301,6941,7501,374
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables286357329408480516503440456409
Others Liabilities 1881719490811071,2249961,1501,311
Total Liabilities 1,3141,5491,6441,8232,0362,3643,6213,1943,4213,158

Fixed Assets

Gross Block6046983824064905691,6751,4751,8592,055
Accumulated Depreciation35638978138193253305355633663
Net Fixed Assets2483093042682963171,3691,1201,2261,392
CWIP 244819301217203454
Investments 0011100001
Inventories583705685714765839874608871905
Trade Receivables51587169896663797283
Cash Equivalents 2562103425225918409641,097969531
Others Assets153219222219281284331256279244
Total Assets 1,3141,5491,6441,8232,0362,3643,6213,1943,4213,158

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 183119204257160345582461212629
PBT 283329297234337478487-117140430
Adjustment 71555635233350311283374
Changes in Working Capital -61-122-4153-845-68220-204-78
Tax Paid -111-144-108-65-115-141-18747-7-97
Cash Flow From Investing Activity -118-66-114-229-112-278-189-5393439
Capex -79-134-39-48-75-82-86-36-48-90
Net Investments -5148-93-208-76-245-167-9294496
Others 12201826404964754732
Cash Flow From Financing Activity -46-50-52-56-56-63-436-369-341-1,011
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1-2-2-2-2-1-1-1-10
Dividend Paid -38-42-42-45-45-51-80-51-51-699
Others -7-7-9-9-9-11-354-316-289-312
Net Cash Flow 18237-28-74-4339-3757
PARTICULARSDec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)25.7625.6119.6312.4915.7620.4618.1-4.895.7719.86
ROCE (%)39.9438.3928.219.5525.1430.5933.88-0.4713.3933.7
Asset Turnover Ratio1.751.911.541.441.371.331.020.50.721.05
PAT to CFO Conversion(x)0.960.520.941.620.721.051.77N/A2.061.95
Working Capital Days
Receivable Days8710101110815128
Inventory Days918610310210210010215811394
Payable Days9795109116135141143206150104

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 28-Mar-2024 16:01 is ₹1,363.6.
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 28-Mar-2024 16:01 the market cap of Bata india stood at ₹17,534.4.
The latest P/E ratio of Bata india as of 28-Mar-2024 16:01 is 66.12.
The latest P/B ratio of Bata india as of 28-Mar-2024 16:01 is 12.04.
The 52-week high of Bata india is ₹1,770.1 and the 52-week low is ₹1,348.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bata india is ₹3,459 ( 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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