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5000

Bata India BSE:500043 Stock Report

Last Price

₹1.78k

Market Cap

₹234.0b

7D

-1.5%

1Y

-4.7%

Updated

03 Oct, 2022

Data

Company Financials +
500043 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance2/6
Financial Health4/6
Dividends3/6

500043 Stock Overview

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

Rewards

Earnings are forecast to grow 31.92% per year

Became profitable this year

Risk Analysis

No risks detected for 500043 from our risk checks.

Bata India Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bata India
Historical stock prices
Current Share Price₹1,783.10
52 Week High₹2,261.65
52 Week Low₹1,608.00
Beta0.61
1 Month Change-6.55%
3 Month Change3.51%
1 Year Change-4.74%
3 Year Change6.02%
5 Year Change134.76%
Change since IPO4,592.37%

Recent News & Updates

Shareholder Returns

500043IN LuxuryIN Market
7D-1.5%-2.2%-1.7%
1Y-4.7%14.2%-0.6%

Return vs Industry: 500043 underperformed the Indian Luxury industry which returned 14.2% over the past year.

Return vs Market: 500043 underperformed the Indian Market which returned -0.6% over the past year.

Price Volatility

Is 500043's price volatile compared to industry and market?
500043 volatility
500043 Average Weekly Movement3.7%
Luxury Industry Average Movement6.1%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.8%

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.

About the Company

FoundedEmployeesCEOWebsite
19314,357Gunjan Dinesh Shahhttps://www.bata.in

Bata India Limited manufactures and trades in footwear and accessories through its retail and wholesale network in India and internationally. The company offers footwear for women, men, and kids; apparel; and accessories, such as belts, clutches, handbags, masks, and shoe care products. It sells its products primarily under the Bata, Disney, Footin, Hush Puppies, Bata Comfit, Marie Claire, Naturalizer, North Star, Power, Scholl, CAT, Weinbrenner, and Bubblegummers brands.

Bata India Fundamentals Summary

How do Bata India's earnings and revenue compare to its market cap?
500043 fundamental statistics
Market Cap₹233.98b
Earnings (TTM)₹2.92b
Revenue (TTM)₹30.64b

78.5x

P/E Ratio

7.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500043 income statement (TTM)
Revenue₹30.64b
Cost of Revenue₹13.94b
Gross Profit₹16.70b
Other Expenses₹13.78b
Earnings₹2.92b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)22.71
Gross Margin54.51%
Net Profit Margin9.53%
Debt/Equity Ratio60.3%

How did 500043 perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

18%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 500043 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 500043?

Other financial metrics that can be useful for relative valuation.

500043 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7.7x
Enterprise Value/EBITDA47.8x
PEG Ratio2.5x

Price to Earnings Ratio vs Peers

How does 500043's PE Ratio compare to its peers?

500043 PE Ratio vs Peers
The above table shows the PE ratio for 500043 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average74x
530517 Relaxo Footwears
105xn/a₹251.1b
CAMPUS Campus Activewear
115.1x35.0%₹174.1b
MIRZAINT Mirza International
27.5xn/a₹40.1b
526596 Liberty Shoes
52.5xn/a₹5.2b
500043 Bata India
78.5x31.9%₹234.0b

Price-To-Earnings vs Peers: 500043 is expensive based on its Price-To-Earnings Ratio (78.5x) compared to the peer average (74x).


Price to Earnings Ratio vs Industry

How does 500043's PE Ratio compare vs other companies in the IN Luxury Industry?

Price-To-Earnings vs Industry: 500043 is expensive based on its Price-To-Earnings Ratio (78.5x) compared to the Indian Luxury industry average (13.5x)


Price to Earnings Ratio vs Fair Ratio

What is 500043's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

500043 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio78.5x
Fair PE Ratio39.5x

Price-To-Earnings vs Fair Ratio: 500043 is expensive based on its Price-To-Earnings Ratio (78.5x) compared to the estimated Fair Price-To-Earnings Ratio (39.5x).


Share Price vs Fair Value

What is the Fair Price of 500043 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 500043 (₹1783.1) is trading above our estimate of fair value (₹792.88)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


31.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500043's forecast earnings growth (31.9% per year) is above the savings rate (6.8%).

Earnings vs Market: 500043's earnings (31.9% per year) are forecast to grow faster than the Indian market (18.5% per year).

High Growth Earnings: 500043's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 500043's revenue (9.8% per year) is forecast to grow slower than the Indian market (10.6% per year).

High Growth Revenue: 500043's revenue (9.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 500043's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Bata India performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-39.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 500043 has high quality earnings.

Growing Profit Margin: 500043 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 500043's earnings have declined by 39.6% per year over the past 5 years.

Accelerating Growth: 500043 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 500043 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (50.1%).


Return on Equity

High ROE: 500043's Return on Equity (16.1%) is considered low.


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Financial Health

How is Bata India's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 500043's short term assets (₹20.0B) exceed its short term liabilities (₹8.2B).

Long Term Liabilities: 500043's short term assets (₹20.0B) exceed its long term liabilities (₹8.9B).


Debt to Equity History and Analysis

Debt Level: 500043's net debt to equity ratio (7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 500043's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 500043's debt is not well covered by operating cash flow (19.3%).

Interest Coverage: 500043's interest payments on its debt are well covered by EBIT (8.7x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.22%

Current Dividend Yield

Dividend Yield vs Market

Bata India Dividend Yield vs Market
How does Bata India dividend yield compare to the market?
SegmentDividend Yield
Company (Bata India)0.2%
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (Luxury)0.7%
Analyst forecast in 3 Years (Bata India)0.2%

Notable Dividend: 500043's dividend (0.22%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.36%).

High Dividend: 500043's dividend (0.22%) is low compared to the top 25% of dividend payers in the Indian market (1.63%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (17.6%), 500043's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (31.6%), 500043's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.8yrs

Average management tenure


CEO

Gunjan Dinesh Shah (47 yo)

1.33yrs

Tenure

₹36,353,440

Compensation

Mr. Gunjan Dinesh Kumar Shah is Managing Director, Chief Executive Officer and Executive Director of Bata India Limited since October 01, 2021. Mr. Shah was Chief Executive Officer and Whole-time Director...


CEO Compensation Analysis

Gunjan Dinesh Shah's Compensation vs Bata India Earnings
How has Gunjan Dinesh Shah's remuneration changed compared to Bata India's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

₹3b

Mar 31 2022₹36m₹27m

₹1b

Compensation vs Market: Gunjan Dinesh's total compensation ($USD446.74K) is below average for companies of similar size in the Indian market ($USD654.08K).

Compensation vs Earnings: Insufficient data to compare Gunjan Dinesh's compensation with company performance.


Leadership Team

Experienced Management: 500043's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: 500043's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

What is the ownership structure of 500043?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders1,2410.001%
State or Government305,5060.2%
General Public23,009,47317.9%
Institutions40,745,80631.7%
Private Companies64,465,51450.2%

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


Top Shareholders

Top 25 shareholders own 81.65% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
50.16%
Bata Limited
64,465,514₹114.9b-5.29%no data
4.91%
Kotak Mahindra Asset Management Company Limited
6,305,618₹11.2b11.56%0.86%
3.58%
Aditya Birla Sun Life AMC Limited
4,600,172₹8.2b36.34%0.7%
3.29%
Axis Asset Management Company Limited
4,228,181₹7.5b48.4%0.52%
2.93%
Life Insurance Corporation of India, Asset Management Arm
3,764,282₹6.7b-13.32%0.07%
2.87%
Mirae Asset Global Investments Co., Ltd
3,684,187₹6.6b9.92%0.13%
2.04%
Hdfc Standard Life Insurance Company Limited, Asset Management Arm
2,621,817₹4.7b8.56%1.58%
1.84%
The Vanguard Group, Inc.
2,362,127₹4.2b0.95%no data
1.81%
DSP Investment Managers Pvt. Ltd.
2,332,036₹4.2b-0.02%0.6%
1.67%
Nippon Life India Asset Management Limited
2,148,775₹3.8b2.5%0.23%
1.12%
ICICI Prudential Asset Management Company Limited
1,436,995₹2.6b-20.7%0.09%
1.06%
Motilal Oswal Asset Management Company Limited
1,356,555₹2.4b0%0.77%
0.79%
Kotak Mahindra Asset Management (Singapore) Pte. Ltd
1,021,265₹1.8b0%1.38%
0.69%
BlackRock, Inc.
891,564₹1.6b-0.65%no data
0.66%
Canara Robeco Asset Management Company Ltd
852,500₹1.5b0%0.34%
0.38%
Invesco Ltd.
483,595₹862.3m-8.13%no data
0.35%
DHFL Pramerica Asset Managers Private Limited
446,900₹796.9m1191.62%0.51%
0.3%
Norges Bank Investment Management
388,512₹692.8m0%no data
0.27%
Tata Asset Management Limited
351,611₹627.0m28.47%0.13%
0.26%
HDFC Asset Management Company Limited
339,350₹605.1m15.98%0.02%
0.24%
Investor Education and Protection Fund (IEPF)
305,506₹544.7m-0.64%no data
0.16%
Mahindra Manulife Investment Management Private Limited
207,456₹369.9m-4.82%0.62%
0.14%
Dimensional Fund Advisors LP
174,164₹310.6m7.57%no data
0.07%
SBI Funds Management Limited
90,475₹161.3m8.58%no data
0.069%
Edelweiss Asset Management Limited
88,659₹158.1m-36.51%0.05%

Company Information

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


Key Information

  • Name: Bata India Limited
  • Ticker: 500043
  • Exchange: BSE
  • Founded: 1931
  • Industry: Footwear
  • Sector: Consumer Durables
  • Implied Market Cap: ₹233.984b
  • 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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.