BSE:500043

Stock Analysis Report

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Executive Summary

Bata India Limited manufactures and trades in footwear and accessories through its retail and wholesale network in India. More Details


Snowflake Analysis

Exceptional growth potential with flawless balance sheet.


Similar Companies

Share Price & News

How has Bata India's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 500043 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 500043's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

2.5%

500043

1.7%

IN Luxury

0.8%

IN Market


1 Year Return

-8.1%

500043

5.6%

IN Luxury

8.3%

IN Market

Return vs Industry: 500043 underperformed the Indian Luxury industry which returned 5.6% over the past year.

Return vs Market: 500043 underperformed the Indian Market which returned 8.3% over the past year.


Shareholder returns

500043IndustryMarket
7 Day2.5%1.7%0.8%
30 Day17.5%12.6%10.8%
90 Day15.8%18.4%12.3%
1 Year-7.8%-8.1%6.3%5.6%10.4%8.3%
3 Year115.7%112.9%6.4%4.2%8.3%3.0%
5 Year219.5%211.5%52.7%44.9%55.5%43.8%

Long-Term Price Volatility Vs. Market

How volatile is Bata India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bata India undervalued compared to its fair value and its price relative to the market?

1727.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500043 (₹1542.75) is trading above our estimate of fair value (₹571.44)

Significantly Below Fair Value: 500043 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500043 is poor value based on its PE Ratio (1727.5x) compared to the IN Luxury industry average (15.7x).

PE vs Market: 500043 is poor value based on its PE Ratio (1727.5x) compared to the Indian market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: 500043 is poor value based on its PEG Ratio (18x)


Price to Book Ratio

PB vs Industry: 500043 is overvalued based on its PB Ratio (11.7x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

How is Bata India forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

96.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500043's forecast earnings growth (96.2% per year) is above the savings rate (7.2%).

Earnings vs Market: 500043's earnings (96.2% per year) are forecast to grow faster than the Indian market (24.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 500043's revenue (32.2% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: 500043's revenue (32.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 500043's Return on Equity is forecast to be high in 3 years time (21%)


Next Steps

Past Performance

How has Bata India performed over the past 5 years?

1.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500043 has a large one-off gain of ₹273.3M impacting its September 30 2020 financial results.

Growing Profit Margin: 500043's current net profit margins (0.6%) are lower than last year (11.9%).


Past Earnings Growth Analysis

Earnings Trend: 500043's earnings have grown by 1.1% per year over the past 5 years.

Accelerating Growth: 500043's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 500043 had negative earnings growth (-96.8%) over the past year, making it difficult to compare to the Luxury industry average (-27.1%).


Return on Equity

High ROE: 500043's Return on Equity (0.7%) is considered low.


Next Steps

Financial Health

How is Bata India's financial position?


Financial Position Analysis

Short Term Liabilities: 500043's short term assets (₹17.2B) exceed its short term liabilities (₹7.0B).

Long Term Liabilities: 500043's short term assets (₹17.2B) exceed its long term liabilities (₹8.9B).


Debt to Equity History and Analysis

Debt Level: 500043 is debt free.

Reducing Debt: 500043 had no debt 5 years ago.

Debt Coverage: 500043 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 500043 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Bata India current dividend yield, its reliability and sustainability?

0.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500043's dividend (0.26%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.52%).

High Dividend: 500043's dividend (0.26%) is low compared to the top 25% of dividend payers in the Indian market (2.1%).


Stability and Growth of Payments

Stable Dividend: 500043's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500043's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (447.9%), 500043's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Sandeep Kataria (50 yo)

3.25yrs

Tenure

₹45,660,000

Compensation

Mr. Sandeep Kataria has been Chief Executive Officer and Whole-Time Director at Bata India Limited since November 14, 2017. Mr. Kataria is the President of India at Zambia Bata Shoe Company Limited Plc sin...


CEO Compensation Analysis

Compensation vs Market: Sandeep's total compensation ($USD616.82K) is about average for companies of similar size in the Indian market ($USD748.38K).

Compensation vs Earnings: Sandeep's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Sandeep Kataria
CEO & Whole-Time Director3.25yrs₹45.66m0.000080%
₹ 161.6k
Rajeev Gopalakrishnan
MD & Executive Director9.75yrs₹57.79mno data
Ram Gupta
Director of Finance5.25yrs₹30.66m0.00043%
₹ 868.7k
Anand Narang
Vice President of Marketing & Customer Services4.42yrs₹15.17mno data
Sanjay Kanth
Senior Vice President of Manufacturing & Purchasing8.33yrs₹21.59mno data
Matteo Lambert
Chief Collection Managerno data₹26.85mno data
Bishwanath Ganguly
Senior Vice President of Brands1.67yrs₹13.01mno data
Sumit Chandna
Chief Merchandising Managerno data₹10.83mno data
Raman Krishnamoorthy
Vice President of IT7.17yrs₹10.87mno data
Jyotirmoy Banerjee
Investor Relations Managerno datano datano data
Manoj Goswani
Senior Vice President of Legalno datano datano data
Kanchan Chehal
Head of Human Resourcesno datano datano data

5.3yrs

Average Tenure

49yo

Average Age

Experienced Management: 500043's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sandeep Kataria
CEO & Whole-Time Director3.25yrs₹45.66m0.000080%
₹ 161.6k
Rajeev Gopalakrishnan
MD & Executive Director9.75yrs₹57.79mno data
Ram Gupta
Director of Finance5.25yrs₹30.66m0.00043%
₹ 868.7k
Ashwani Windlass
Independent Chairman1yr₹210.00kno data
Ravindra Dhariwal
Independent Director5.5yrs₹2.69mno data
Anjali Bansal
Independent Director6.5yrs₹2.27mno data
Ashok Barat
Independent Director1.92yrs₹1.09mno data
Akshay Kumar Chudasama
Independent Director9.58yrs₹2.45mno data
Alberto Michele Toni
Non-Executive Director1.75yrsno datano data

5.3yrs

Average Tenure

55yo

Average Age

Experienced Board: 500043's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bata India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bata India Limited
  • Ticker: 500043
  • Exchange: BSE
  • Founded: 1931
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: ₹202.020b
  • Shares outstanding: 128.53m
  • Website: https://www.bata.in

Number of Employees


Location

  • Bata India Limited
  • Bata House
  • 418/02, M.G. Road
  • Gurugram
  • Haryana
  • 122002
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500043BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 1996
BATAINDIANSEI (National Stock Exchange of India)YesEquity SharesININRApr 1996

Biography

Bata India Limited manufactures and trades in footwear and accessories through its retail and wholesale network in India. The company offers footwear in the categories of women, men, and kids; and accessor...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 12:16
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.