Loading...

Bata India

NSEI:BATAINDIA
Snowflake Description

Flawless balance sheet with high growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BATAINDIA
NSEI
₹183B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Bata India Limited manufactures and trades in footwear and accessories through its retail and wholesale network in India. The last earnings update was 297 days ago. More info.


Add to Portfolio Compare Print
BATAINDIA Share Price and Events
7 Day Returns
0.9%
NSEI:BATAINDIA
0.8%
IN Luxury
1.1%
IN Market
1 Year Returns
77.2%
NSEI:BATAINDIA
-3.5%
IN Luxury
-0.9%
IN Market
BATAINDIA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bata India (BATAINDIA) 0.9% 5.1% 23% 77.2% 153.8% 157.8%
IN Luxury 0.8% 1.3% 8.5% -3.5% 47.6% 164.4%
IN Market 1.1% 1.8% 5.7% -0.9% 41% 72.2%
1 Year Return vs Industry and Market
  • BATAINDIA outperformed the Luxury industry which returned -3.5% over the past year.
  • BATAINDIA outperformed the Market in India which returned -0.9% over the past year.
Price Volatility
BATAINDIA
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Bata India undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bata India to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bata India.

NSEI:BATAINDIA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.6%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:BATAINDIA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.731 (1 + (1- 35%) (0%))
0.819
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.819 * 8.6%)
14.6%

Discounted Cash Flow Calculation for NSEI:BATAINDIA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bata India is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:BATAINDIA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.6%)
2019 2,765.75 Analyst x4 2,413.45
2020 3,063.75 Analyst x4 2,332.93
2021 3,246.00 Analyst x3 2,156.86
2022 3,450.87 Est @ 6.31% 2,000.91
2023 3,681.49 Est @ 6.68% 1,862.72
2024 3,937.10 Est @ 6.94% 1,738.30
2025 4,217.62 Est @ 7.13% 1,624.95
2026 4,523.51 Est @ 7.25% 1,520.80
2027 4,855.62 Est @ 7.34% 1,424.51
2028 5,215.15 Est @ 7.4% 1,335.10
Present value of next 10 years cash flows ₹18,410.53
NSEI:BATAINDIA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹5,215.15 × (1 + 7.55%) ÷ (14.6% – 7.55%)
₹79,586.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹79,586.24 ÷ (1 + 14.6%)10
₹20,374.37
NSEI:BATAINDIA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹18,410.53 + ₹20,374.37
₹38,784.90
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹38,784.90 / 128.53
₹301.76
NSEI:BATAINDIA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:BATAINDIA represents 0.99933x of BSE:500043
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99933x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 301.76 x 0.99933
₹301.56
Value per share (INR) From above. ₹301.56
Current discount Discount to share price of ₹1,421.20
= -1 x (₹1,421.20 - ₹301.56) / ₹301.56
-371.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Bata India is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bata India's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bata India's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:BATAINDIA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹17.16
BSE:500043 Share Price ** BSE (2019-04-18) in INR ₹1422.15
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.25x
India Market PE Ratio Median Figure of 2,736 Publicly-Listed Companies 16.34x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bata India.

NSEI:BATAINDIA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500043 Share Price ÷ EPS (both in INR)

= 1422.15 ÷ 17.16

82.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bata India is overvalued based on earnings compared to the IN Luxury industry average.
  • Bata India is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Bata India's expected growth come at a high price?
Raw Data
NSEI:BATAINDIA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 82.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
20.3%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.55x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

NSEI:BATAINDIA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 82.89x ÷ 20.3%

4.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bata India is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bata India's assets?
Raw Data
NSEI:BATAINDIA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹114.74
BSE:500043 Share Price * BSE (2019-04-18) in INR ₹1422.15
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.74x
India Market PB Ratio Median Figure of 3,627 Publicly-Listed Companies 1.11x
NSEI:BATAINDIA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500043 Share Price ÷ Book Value per Share (both in INR)

= 1422.15 ÷ 114.74

12.39x

* Primary Listing of Bata India.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bata India is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Bata India's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Bata India has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bata India expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bata India expected to grow at an attractive rate?
  • Bata India's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Bata India's earnings growth is expected to exceed the India market average.
  • Bata India's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:BATAINDIA Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:BATAINDIA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 20.3%
NSEI:BATAINDIA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 12.1%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:BATAINDIA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:BATAINDIA Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 38,035 4,329 4,277 8
2020-03-31 33,465 3,890 3,673 10
2019-03-31 29,738 3,178 3,177 9
NSEI:BATAINDIA Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 26,342 1,603 2,205
2017-03-31 24,743 2,565 1,590
2016-03-31 24,227 2,036 2,174

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bata India's earnings are expected to grow significantly at over 20% yearly.
  • Bata India's revenue is expected to grow by 12.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:BATAINDIA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Bata India Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BATAINDIA Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 33.28 38.60 27.83 8.00
2020-03-31 28.59 32.00 25.00 9.00
2019-03-31 24.73 25.30 23.50 8.00
NSEI:BATAINDIA Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 17.16
2017-03-31 12.37
2016-03-31 16.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bata India is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Bata India's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bata India has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bata India performed over the past 5 years?

  • Bata India's last earnings update was 297 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bata India's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Bata India's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Bata India's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Bata India's earnings growth has exceeded the IN Luxury industry average in the past year (38.7% vs 14.8%).
Earnings and Revenue History
Bata India's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bata India Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BATAINDIA Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 26,341.69 2,205.13 6,979.99
2017-03-31 24,742.56 1,589.51 6,537.77
2016-03-31 24,227.07 2,173.90 6,299.01
2015-04-01 21,551.96 1,850.73 5,709.82
2013-12-31 20,651.74 1,909.04 6,149.45 207.58
2012-12-31 18,424.53 1,720.84 5,459.09 178.71

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bata India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bata India used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Bata India has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bata India's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bata India has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bata India's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bata India's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bata India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bata India's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bata India's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Bata India has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bata India Company Filings, last reported 1 year ago.

NSEI:BATAINDIA Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 14,746.91 0.00 5,890.02
2017-03-31 13,243.23 0.00 5,207.50
2016-03-31 12,209.24 0.00 3,424.70
2015-04-01 10,549.65 0.00 2,118.51
2013-12-31 8,398.74 0.00 2,572.77
2012-12-31 6,990.42 0.00 1,876.85
  • Bata India has no debt.
  • Bata India has not taken on any debt in the past 5 years.
  • Bata India has no debt, it does not need to be covered by operating cash flow.
  • Bata India has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Bata India's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bata India has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.28%
Current annual income from Bata India dividends. Estimated to be 0.51% next year.
If you bought ₹2,000 of Bata India shares you are expected to receive ₹6 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bata India's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Bata India's dividend is below the markets top 25% of dividend payers in India (1.94%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:BATAINDIA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:BATAINDIA Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 7.90 4.00
2020-03-31 6.63 4.00
2019-03-31 5.45 4.00
NSEI:BATAINDIA Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-22 4.000 0.394
2017-05-15 3.500 0.512
2016-08-08 3.500 0.708
2015-05-27 3.250 0.620
2014-02-12 3.250 0.544
2013-02-26 3.000 0.694
2012-02-29 2.500 0.588
2011-04-28 2.000 0.666
2011-02-23 2.000 1.066
2010-03-02 1.500 1.001
2010-02-24 1.500 1.454
2009-04-20 1.250 1.513

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bata India's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).
X
Income/ dividend checks
We assess Bata India's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bata India afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bata India has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bata India's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sandeep Kataria
COMPENSATION ₹28,830,260
AGE 48
TENURE AS CEO 1.7 years
CEO Bio

Mr. Sandeep Kataria has been Chief Executive Officer and Whole-Time Director at Bata India Limited since November 14, 2017. Mr. Kataria served as Country Manager of Bata India Limited since August 1, 2017 until November 14, 2017. Mr. Kataria has spent over 2 decades in the consumer industry, covering design and deployment of business strategy, brand management and sales & marketing leadership across the developing and developed markets. He has over sixteen years of experience in Unilever where he was tasked with roles across general management, global brand management and strategy. He joined Unilever in 1993. He held roles ranging from Regional Sales manager to Global Brand Director in Unilever. He served as Chief Commercial Officer at Vodafone India Limited until August 2017. He served as Chief Marketing Officer of India Operations at Yum! Restaurants International, Inc. He served as the Chief Marketing Officer of Indian Subcontinent at Yum! Restaurants (India) Private Limited since 2010. Mr. Kataria was responsible for all marketing, branding and brand public relations activities for Yum! in the Indian subcontinent. Mr. Kataria holds a Bachelor of Technology degree (Chemical Engineering) from the Indian Institute of Technology, Delhi and a Post-Graduate Diploma in Business Management from XLRI, Jamshedpur. He completed his MBA from XLRI, Jamshedpur.

CEO Compensation
  • Insufficient data for Sandeep to compare compensation growth.
  • Sandeep's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Bata India management team in years:

6
Average Tenure
48
Average Age
  • The average tenure for the Bata India management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sandeep Kataria

TITLE
CEO & Whole-Time Director
COMPENSATION
₹29M
AGE
48
TENURE
1.7 yrs

Rajeev Gopalakrishnan

TITLE
MD, President of Asia South & Executive Director
COMPENSATION
₹49M
AGE
53
TENURE
7.5 yrs

Ram Gupta

TITLE
CFO, Director of Finance & Director
COMPENSATION
₹20M
AGE
59
TENURE
3.8 yrs

Arunito Ganguly

TITLE
Assistant VP
COMPENSATION
₹2M
TENURE
1.3 yrs

Anand Narang

TITLE
Vice President of Marketing & Consumer Services
AGE
45
TENURE
2.8 yrs

Vikas Baijal

TITLE
Senior Vice President of Human Resources
AGE
50
TENURE
5.3 yrs

Sanjay Kanth

TITLE
Senior Vice President of Manufacturing & Purchasing
AGE
55
TENURE
6.8 yrs

Kumar Verma

TITLE
Vice President of eCommerce
AGE
38
TENURE
9.1 yrs

Vijay Gogate

TITLE
Vice President of Famous Brands & Retail Operations
AGE
45
TENURE
9.4 yrs

Joshi Kiran

TITLE
Vice President of Procurement
AGE
45
TENURE
8.8 yrs
Board of Directors Tenure

Average tenure and age of the Bata India board of directors in years:

3.9
Average Tenure
54
Average Age
  • The tenure for the Bata India board of directors is about average.
Board of Directors

Uday Khanna

TITLE
Chairman of the Board
COMPENSATION
₹4M
AGE
69
TENURE
7.8 yrs

Sandeep Kataria

TITLE
CEO & Whole-Time Director
COMPENSATION
₹29M
AGE
48
TENURE
1.4 yrs

Rajeev Gopalakrishnan

TITLE
MD, President of Asia South & Executive Director
COMPENSATION
₹49M
AGE
53
TENURE
8.2 yrs

Ram Gupta

TITLE
CFO, Director of Finance & Director
COMPENSATION
₹20M
AGE
59
TENURE
3.8 yrs

Akshay Kumar Chudasama

TITLE
Independent Director
COMPENSATION
₹2M
AGE
48
TENURE
8 yrs

Anjali Bansal

TITLE
Independent Director
COMPENSATION
₹2M
AGE
47
TENURE
4.9 yrs

Ravi Dhariwal

TITLE
Independent Director
COMPENSATION
₹3M
AGE
66
TENURE
3.9 yrs

Shaibal Sinha

TITLE
Non-Executive Director
COMPENSATION
₹18M
AGE
54
TENURE
3.9 yrs

Ashok Barat

TITLE
Additional Independent Director
AGE
62
TENURE
0.3 yrs

Alberto Toni

TITLE
Non-Executive Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Bata India's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bata India has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

All You Need To Know About Bata India Limited's (NSE:BATAINDIA) Financial Health

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Bata India Limited (NSE:BATAINDIA), with a market cap of ₹179b, are often out of the spotlight. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … See our latest analysis for Bata India

Simply Wall St -

What Type Of Shareholder Owns Bata India Limited's (NSE:BATAINDIA)?

The big shareholder groups in Bata India Limited (NSE:BATAINDIA) have power over the company. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Bata India has a market capitalization of ₹154b, so we would expect some institutional investors to have noticed the stock.

Simply Wall St -

Does The Data Make Bata India Limited (NSE:BATAINDIA) An Attractive Investment?

Bata India Limited (NSE:BATAINDIA) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … , dividend-paying company with a

Simply Wall St -

Should We Be Delighted With Bata India Limited's (NSE:BATAINDIA) ROE Of 15%?

To keep the lesson grounded in practicality, we'll use ROE to better understand Bata India Limited (NSE:BATAINDIA). … That means that for every ₹1 worth of shareholders' equity, it generated ₹0.15 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should You Know About Bata India Limited's (NSE:BATAINDIA) Return On Capital?

and want to begin learning the link between Bata India Limited (NSE:BATAINDIA)’s return fundamentals and stock market performance. … Bata India stock represents an ownership share in the company. … Thus, to understand how your money can grow by investing in Bata India, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Is Bata India Limited (NSE:BATAINDIA) A Financially Sound Company?

Bata India Limited (NSE:BATAINDIA), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Is BATAINDIA right in choosing financial flexibility over lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

Simply Wall St -

Does Bata India Limited's (NSE:BATAINDIA) Stock Price Account For Its Growth?

Bata India Limited (NSE:BATAINDIA) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of ₹1010.95 is based on unrealistic expectations. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Bata India's growth potential is very attractive

Simply Wall St -

Will Bata India Limited's (NSE:BATAINDIA) Earnings Grow In The Next Couple Of Years?

Bata India Limited's (NSE:BATAINDIA) released its most recent earnings update in March 2018, whicha

Simply Wall St -

What Does Bata India Limited's (NSE:BATAINDIA) Ownership Structure Look Like?

A look at the shareholders of Bata India Limited (NSE:BATAINDIA) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership.

Simply Wall St -

Can Bata India Limited (NSE:BATAINDIA) Continue To Outperform Its Industry?

and want to learn about Return on Equity using a real-life example. … With an ROE of 15.0%, Bata India Limited (NSE:BATAINDIA) outpaced its own industry which delivered a less exciting 7.8% over the past year. … See our latest analysis for Bata India

Simply Wall St -

Company Info

Description

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, children, youth, sports, and men; and accessories, such as belts, wallets and clutches, handbags, and shoe care products for men, women, and kids. It sells its products primarily under the Bata, Bubblegummers, Bata Comfit, Footin, Disney, Hush Puppies, Marie Claire, Naturalizer, North Star, Power, Scholl, and Weinbrenner brands. The company operates through approximately 1,375 retail stores. 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.

Details
Name: Bata India Limited
BATAINDIA
Exchange: NSEI
Founded: 1931
₹182,785,441,011
128,527,540
Website: http://www.bata.in
Address: Bata India Limited
Bata House,
418/02, MG Road,
Gurugram,
Haryana, 122002,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500043 Equity Shares Mumbai Stock Exchange IN INR 02. Apr 1996
NSEI BATAINDIA Equity Shares National Stock Exchange of India IN INR 02. Apr 1996
BSE 500043 INR5 Mumbai Stock Exchange IN INR 07. Oct 2015
NSEI BATAINDIA INR5 National Stock Exchange of India IN INR 07. Oct 2015
Number of employees
Current staff
Staff numbers
0
Bata India employees.
Industry
Footwear
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 12:46
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2018/06/26
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.