Bata India Limited

BSE:500043 Stock Report

Market Cap: ₹88.3b

Bata India Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Gunjan Dinesh Shah

Chief executive officer

₹46.5m

Total compensation

CEO salary percentage74.98%
CEO tenure4.9yrs
CEO ownershipn/a
Management average tenure2.1yrs
Board average tenure4.9yrs

Recent management updates

Recent updates

Narrative Update • May 03

500043: Higher Revenue Assumptions And Softer Margins Will Shape Future Upside

Analysts have kept their price target for Bata India steady at ₹675, citing a balancing mix of updated assumptions that include a different revenue growth outlook, a revised discount rate, a slightly adjusted profit margin profile, and a marginally altered future P/E multiple. What's in the News Bata India has scheduled a Special or Extraordinary Shareholders Meeting for May 23, 2026, to be conducted via postal ballot in India (Key Developments).
Narrative Update • Apr 19

500043: Future Returns Will Reflect Trimmed Assumptions And Next Results Announcement

Analysts have trimmed their price target on Bata India from about ₹1,028 to around ₹832, reflecting updated assumptions for the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Bata India has scheduled a board meeting for Feb 9, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Apr 05

500043: Upcoming Board Meeting Will Support Bullish Earnings Margin Outlook

Analysts have kept their fair value estimate for Bata India steady at ₹986.0, while updating assumptions to reflect adjusted revenue growth, profit margin, and a higher future P/E outlook. What's in the News Bata India has scheduled a board meeting on Feb 09, 2026 to consider and approve the unaudited standalone financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Mar 22

500043: Upcoming Board Meeting Will Clarify Earnings Margin Outlook

Analysts have revised their price target on Bata India from ₹1,222.07 to ₹986.00. This reflects updated assumptions around revenue growth, profit margins and a lower future P/E multiple.
Narrative Update • Mar 08

500043: Higher Required Returns And Softer Margins Will Pressure Future Upside

Analysts have lowered their price target on Bata India from ₹850 to ₹675, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News Bata India has scheduled a board meeting for Feb 09, 2026.
Narrative Update • Feb 21

500043: Upcoming Board Results Will Clarify Earnings Margin Outlook

Analysts have trimmed their 12 month price target for Bata India from about ₹1,394 to around ₹1,222, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Bata India has scheduled a board meeting on February 9, 2026, to consider and approve the unaudited standalone financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
Narrative Update • Feb 07

500043: Future Returns Will Reflect Stable Margins And Upcoming Results Catalyst

Analysts have maintained their fair value estimate for Bata India at ₹1,027.83 per share, noting that only minor adjustments to discount rate assumptions and long-term revenue growth, profit margin, and future P/E inputs were required, which did not materially change their overall view. What's in the News Bata India has scheduled a board meeting on Feb 09, 2026 to consider and approve its unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Jan 24

500043: Future Returns Will Reflect Steady Margins And Slightly Higher Required Return

Analysts have slightly reduced their fair value estimate for Bata India from ₹1,035.33 to ₹1,027.83 after making small changes to discount rate, margin and future P/E assumptions in their models, leading to a modest adjustment in price expectations. Valuation Changes Fair Value: Trimmed slightly from ₹1,035.33 to ₹1,027.83, reflecting a modest recalibration in the model.
Narrative Update • Jan 10

500043: Future Returns Will Reflect Slight Margin Improvement And Slightly Higher Required Return

Analysts have trimmed their fair value estimate for Bata India slightly from ₹1,041.61 to ₹1,035.33, reflecting small adjustments to assumptions on revenue growth, discount rate, profit margins and future P/E. Valuation Changes Fair Value: Trimmed slightly from ₹1,041.61 to ₹1,035.33, a small reduction in the modelled estimate.
Narrative Update • Dec 25

500043: Future Performance Will Reflect Stable Margins And Slightly Lower Discount Rate

Analysts have nudged their price target for Bata India slightly higher to reflect incremental improvements in the long term discount rate and earnings visibility, while maintaining a broadly unchanged fair value estimate of ₹1,041.61 per share. What's in the News Bata India has scheduled a board meeting on October 27, 2025, to consider and approve its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with other business matters (company filing) Valuation Changes Fair Value: Remains unchanged at ₹1,041.61 per share, indicating no material revision to the intrinsic value estimate.
Narrative Update • Dec 11

500043: Future Performance Will Reflect Steady Margins And Slightly Higher Discount Rate

Analysts have marginally revised their price target on Bata India, keeping fair value broadly unchanged at ₹1,041.61 as slightly higher discount rate assumptions and steady long term growth and margin expectations continue to support a premium future P E multiple. What's in the News Board meeting scheduled on October 27, 2025, to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with other business matters (company filing) Valuation Changes Fair Value: Remains unchanged at approximately ₹1,041.61 per share and indicates no revision to the intrinsic value estimate.
Narrative Update • Nov 27

500043: Future Performance Will Balance Discount Rate Trends With Earnings Outlook

Analysts have modestly revised their price target for Bata India from ₹1,050.83 to ₹1,041.61, citing updated assumptions on key financial metrics and a slightly higher discount rate. What's in the News Bata India has scheduled a board meeting for October 27, 2025 to consider and approve the unaudited financial results for the quarter and half year ended September 30, 2025, and to discuss other business matters (company disclosure).
Narrative Update • Nov 08

500043: Future Performance Will Balance Lower Margins And Revenue With Market Position

Bata India’s fair value price target has been revised downward by analysts from ₹1,098.89 to ₹1,050.83. This change reflects tempered revenue growth expectations and a modest decrease in projected profit margins.
Narrative Update • Aug 19

Scaling Floatz And Power Brands Will Strengthen Market Presence

The downward revision in Bata India’s price target reflects reduced consensus forecasts for both revenue growth and net profit margin, resulting in a fair value decline from ₹1238 to ₹1118. What's in the News Board meeting scheduled to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2025.
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New Narrative • Feb 23

Scaling Floatz And Power Brands Will Strengthen Market Presence

Expansion of Floatz and Power brands with innovative, high-margin products is expected to drive significant revenue growth.

CEO Compensation Analysis

How has Gunjan Dinesh Shah's remuneration changed compared to Bata India's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

₹2b

Sep 30 2025n/an/a

₹2b

Jun 30 2025n/an/a

₹2b

Mar 31 2025₹46m₹35m

₹3b

Dec 31 2024n/an/a

₹3b

Sep 30 2024n/an/a

₹3b

Jun 30 2024n/an/a

₹3b

Mar 31 2024₹56m₹36m

₹3b

Dec 31 2023n/an/a

₹3b

Sep 30 2023n/an/a

₹3b

Jun 30 2023n/an/a

₹3b

Mar 31 2023₹50m₹38m

₹3b

Dec 31 2022n/an/a

₹3b

Sep 30 2022n/an/a

₹3b

Jun 30 2022n/an/a

₹3b

Mar 31 2022₹36m₹27m

₹1b

Compensation vs Market: Gunjan Dinesh's total compensation ($USD480.14K) is about average for companies of similar size in the Indian market ($USD397.89K).

Compensation vs Earnings: Gunjan Dinesh's compensation has been consistent with company performance over the past year.

CEO

Gunjan Dinesh Shah (50 yo)

4.9yrs
Tenure
₹46,480,000
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...

Leadership Team

NamePositionTenureCompensationOwnership
Gunjan Dinesh Shah
MD, CEO & Executive Director4.9yrs₹46.48mno data
Amit Aggarwal
Director of Financeno data₹26.68mno data
Nitin Bagaria
Assistant VP of Special Projects6yrs₹9.92mno data
Meeru Gupta
Head of Legal2.2yrsno datano data
Deepika Deepti
Head of Marketing2yrsno datano data
Pooja Minocha
Head of Human Resourcesno datano datano data
Ankur Rastogi
Head of Productsno datano datano data
Sharad Thakur
Head of E-Commerceno datano datano data
Anjan Kundu
Head of Supply Chain Managementno datano datano data
Badri Beriwal
Chief Strategy & Business Development Officerno datano datano data
Jasleen Kaur G
Head of Category Marketing & PR1.5yrsno datano data
Abhinav Sharan
VP & Head of Retail Operationsless than a yearno datano data
2.1yrs
Average Tenure

Experienced Management: 500043's management team is considered experienced (2.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Gunjan Dinesh Shah
MD, CEO & Executive Director4.9yrs₹46.48mno data
Amit Aggarwal
Director of Finance1.4yrs₹26.68mno data
Ashwani Windlass
Independent Non-Executive Chairman6.5yrs₹8.70mno data
Shaibal Sinha
Non-Executive Non-Independent Director5.3yrs₹17.64mno data
Ashok Barat
Independent Non-Executive Director7.4yrs₹4.63mno data
Mukesh Butani
Independent Director1.9yrs₹1.78mno data
Gerd Graehsler
Non-Executive Non-Independent Director2.6yrsno datano data
Radha Rajappa
Independent Non-Executive Director4.9yrs₹5.08mno data
4.9yrs
Average Tenure
61.5yo
Average Age

Experienced Board: 500043's board of directors are considered experienced (4.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 06:39
End of Day Share Price 2026/05/20 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bata India Limited is covered by 40 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Parin Tanna360 ONE Capital Market Private Limited
Videesha ShethAmbit Capital
Nitin BhasinAmbit Capital