NSEI:BATAINDIA

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with solid track record.


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: BATAINDIA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.1%

BATAINDIA

0.08%

IN Luxury

-0.7%

IN Market


1 Year Return

37.4%

BATAINDIA

18.0%

IN Luxury

10.0%

IN Market

Return vs Industry: BATAINDIA exceeded the Indian Luxury industry which returned 19.3% over the past year.

Return vs Market: BATAINDIA exceeded the Indian Market which returned 11.1% over the past year.


Shareholder returns

BATAINDIAIndustryMarket
7 Day1.1%0.08%-0.7%
30 Day1.6%4.9%-0.3%
90 Day9.8%11.4%3.2%
1 Year38.0%37.4%18.8%18.0%12.0%10.0%
3 Year268.7%263.0%55.1%53.3%23.9%17.1%
5 Year202.7%194.4%110.5%103.6%38.3%25.6%

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?

61.31x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BATAINDIA (₹1803.7) is trading above our estimate of fair value (₹858.96)

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


Price To Earnings Ratio

PE vs Industry: BATAINDIA is poor value based on its PE Ratio (61.3x) compared to the Luxury industry average (11.4x).

PE vs Market: BATAINDIA is poor value based on its PE Ratio (61.3x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: BATAINDIA is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: BATAINDIA is overvalued based on its PB Ratio (13.4x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

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

20.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BATAINDIA's forecast earnings growth (20% per year) is above the savings rate (6.5%).

Earnings vs Market: BATAINDIA's earnings (20% per year) are forecast to grow slower than the Indian market (21.5% per year).

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

Revenue vs Market: BATAINDIA's revenue (12.3% per year) is forecast to grow faster than the Indian market (9% per year).

High Growth Revenue: BATAINDIA's revenue (12.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BATAINDIA's Return on Equity is forecast to be high in 3 years time (22%)


Next Steps

Past Performance

How has Bata India performed over the past 5 years?

16.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BATAINDIA has a high level of non-cash earnings.

Growing Profit Margin: BATAINDIA's current net profit margins (12.2%) are higher than last year (10.6%).


Past Earnings Growth Analysis

Earnings Trend: BATAINDIA's earnings have grown by 16% per year over the past 5 years.

Accelerating Growth: BATAINDIA's earnings growth over the past year (25.5%) exceeds its 5-year average (16% per year).

Earnings vs Industry: BATAINDIA earnings growth over the past year (25.5%) exceeded the Luxury industry 6%.


Return on Equity

High ROE: BATAINDIA's Return on Equity (22%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bata India's financial position?


Financial Position Analysis

Short Term Liabilities: BATAINDIA's short term assets (₹18.3B) exceed its short term liabilities (₹7.8B).

Long Term Liabilities: BATAINDIA's short term assets (₹18.3B) exceed its long term liabilities (₹10.8B).


Debt to Equity History and Analysis

Debt Level: BATAINDIA is debt free.

Reducing Debt: BATAINDIA had no debt 5 years ago.

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

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


Balance Sheet

Inventory Level: BATAINDIA has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if BATAINDIA's debt is covered by short term assets.


Next Steps

Dividend

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

0.35%

Current Dividend Yield


Dividend Yield vs Market

company0.3%marketbottom25%0.6%markettop25%2.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: BATAINDIA's dividend (0.35%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: BATAINDIA's dividend (0.35%) is low compared to the top 25% of dividend payers in the Indian market (2.55%).


Stability and Growth of Payments

Stable Dividend: BATAINDIA's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.2%), BATAINDIA's dividend payments are 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?

4.1yrs

Average management tenure


CEO

Sandeep Kataria (50yo)

2.5yrs

Tenure

₹33,900,000

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 ($USD473.73K) is below average for companies of similar size in the Indian market ($USD731.63K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Sandeep Kataria
CEO & Whole-Time Director2.5yrs₹33.90m0.000080% 185.4k
Rajeev Gopalakrishnan
MD & Executive Director9yrs₹53.22mno data
Ram Gupta
Director of Finance4.5yrs₹24.92m0.000040% 92.7k
Arunito Ganguly
Assistant VP2.2yrs₹2.32mno data
Lambert Matteo
Chief Collection Manager0yrsno datano data
Jyotirmoy Banerjee
Investor Relations Manager0yrsno datano data
Manoj Goswani
Senior Vice President of Legal0yrsno datano data
Anand Narang
Vice President of Marketing & Customer Services3.7yrsno datano data
Vikas Baijal
Senior Vice President of Human Resources6.1yrsno datano data
Kumar Verma
Head of Omni Channel - Asia0yrsno datano data

4.1yrs

Average Tenure

50yo

Average Age

Experienced Management: BATAINDIA's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sandeep Kataria
CEO & Whole-Time Director2.5yrs₹33.90m0.000080% 185.4k
Rajeev Gopalakrishnan
MD & Executive Director9yrs₹53.22mno data
Ram Gupta
Director of Finance4.5yrs₹24.92m0.000040% 92.7k
Ashwani Windlass
Independent Chairman0.3yrsno datano data
Ravindra Dhariwal
Independent Director4.8yrs₹2.17mno data
Anjali Bansal
Independent Director5.8yrs₹1.77mno data
Ashok Barat
Independent Director1.2yrs₹50.00kno data
Akshay Kumar Chudasama
Independent Director8.8yrs₹2.02mno data
Alberto Michele Toni
Non-Executive Director1yrsno datano data

4.5yrs

Average Tenure

54yo

Average Age

Experienced Board: BATAINDIA's board of directors are considered experienced (4.5 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: BATAINDIA
  • Exchange: NSEI
  • Founded: 1931
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: ₹231.787b
  • Shares outstanding: 128.53m
  • Website: https://www.bata.in

Number of Employees


Location

  • Bata India Limited
  • Bata House
  • 418/02, MG 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
500043BSE (Mumbai Stock Exchange)INR5ININROct 2015
BATAINDIANSEI (National Stock Exchange of India)INR5ININROct 2015

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 accessories, such as belts, clutches, handbags, and shoe care products. It sells its products primarily under the Bata, Comfit, Disney, Footin, Hush Puppies, Marie Claire, Naturalizer, North Star, Power, Scholl, Weinbrenner, and Bubblegummers brands. The company operates through approximately 1,415 retail stores with 3.07 million sq ft of retail space. It also exports its products. The company was formerly known as Bata Shoe Company Private Limited and changed its name to Bata India Limited in 1973. The company was incorporated in 1931 and is based in Gurugram, India. Bata India Limited is a subsidiary of Bata (BN) B.V. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 13:03
End of Day Share Price2020/02/20 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.