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Bata India Ltd

BATAINDIA NSE

Key Fundamentals

MicrocapFootwearConsumer Goods
Market Cap
₹9,645 Cr
Volatility
Moderate
P/E Ratio
66.24
EBITDA
₹786 Cr
Return on Equity
8.41%
Debt to Equity
0.87
Book Value
₹124.14
EPS
₹27.57
52W High
₹1,282.5
52W Low
₹605

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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38 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company has been maintaining a healthy dividend payout of 72.9%
  • Company's working capital requirements have reduced from 25.0 days to 16.7 days

Weaknesses

1
  • Company has a low return on equity of 13.9% over last 3 years.

Growth Rate

Revenue Growth
1.08% ↘
Net Income Growth
-59.42% ↘
Cash Flow Change
-19.37% ↘
ROE
-59.93% ↘
ROCE
-41.60% ↘
EBITDA Margin (Avg.)
-3.19% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk high

Bata India Ltd, with a market cap of ₹8,916 Cr, trades at a PE of 67.1x amid a sharp slowdown in revenue and profit growth. The stock has declined 41% over the past year while compounded sales growth has slowed to just 1% TTM, reflecting a challenging demand environment for the legacy footwear brand.

Bull Case 7
  • Healthy dividend payout ratio of 72.9% signals strong cash generation and shareholder-friendly capital allocation, with a current dividend yield of 1.3%
  • Working capital efficiency has improved significantly, with requirements reducing from 25.0 days to 16.7 days, freeing up cash for operations
  • 5-year compounded sales CAGR of 16% demonstrates the company's ability to grow revenues over a medium-term cycle despite recent weakness
  • 5-year compounded profit CAGR of 32% shows strong operating leverage and margin expansion capability when revenue growth is supportive
  • Consistent ROE track record of 13-14% over 3, 5, and 10-year periods indicates a stable, capital-efficient business model
  • Stock has corrected 41% in one year, potentially compressing valuations from previously elevated levels and offering mean-reversion potential
  • As a dominant branded footwear player with pan-India retail presence, Bata benefits from long-term structural consumption growth in India's ₹8,916 Cr market cap category
Bear Case 8
  • PE ratio of 67.1x is extremely elevated given TTM sales growth of just 1% and profit decline of 6%, suggesting expensive valuation relative to current earnings power
  • Compounded profit growth has turned negative at -19% over 3 years and -6% TTM, indicating sustained earnings deterioration
  • Revenue growth has stagnated at 1% CAGR over both TTM and 3-year periods, signaling potential structural market share loss or demand weakness
  • Stock price CAGR of -26% over 3 years and -15% over 5 years reflects prolonged value destruction for shareholders
  • ROE has declined from 14% (3-year average) to 11% in the last year, showing deteriorating return on capital deployed
  • 10-year compounded profit growth of 0% suggests the business has failed to deliver meaningful long-term earnings growth despite India's consumption boom
  • 10-year stock CAGR of just 2% dramatically underperforms broader market indices, questioning the long-term investment thesis
  • Price-to-book ratio of 5.64x is high for a company generating only 11% ROE in the most recent year, implying the market is pricing in a recovery that may not materialize

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Positives 2
  • Rs 9 dividend recommended Jul 17

    Board recommended dividend of Rs 9 per share for FY2025-26, with record date of July 31, 2026.

  • FY26 turnover Rs 35,155M Jul 17

    FY2025-26 turnover stood at Rs 35,154.84 Million with Net Profit of Rs 1,335.59 Million, confirming steady operations.

Neutral 2
  • 93rd AGM on Aug 12 Jul 17

    Bata India schedules its 93rd AGM for August 12, 2026 via video conferencing. Record date for dividend is July 31, 2026.

  • BRSR filed for FY26 Jul 17

    Bata India filed its Business Responsibility and Sustainability Report for FY26, disclosing ESG metrics with reasonable assurance.

TL;DR: Bata India reported FY26 turnover of Rs 35,155M and net profit of Rs 1,336M, maintaining a modest dividend of Rs 9 per share. No negative catalysts emerged in recent news flow. The company is fulfilling governance obligations with AGM scheduling and ESG disclosures. With no headwinds visible in current filings, the near-term outlook hinges on upcoming AGM commentary around demand trends and margin trajectory.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
958
819
903
798
945
837
919
788
942
801
945
828
979
Expenses
719
637
721
616
760
663
719
610
743
656
733
677
775
Operating Profit
240
182
182
182
185
174
200
178
199
145
212
151
204
OPM %
25%
22%
20%
23%
20%
21%
22%
23%
21%
18%
22%
18%
21%
Other Income
13
-25
11
22
151
18
-1
23
12
13
13
-8
18
Interest
28
28
29
31
31
32
31
35
35
34
32
34
33
Depreciation
81
82
86
90
87
90
90
104
106
105
104
105
103
PBT
144
46
78
83
217
70
77
62
70
19
89
4
86
Tax %
26%
26%
26%
23%
20%
26%
24%
26%
26%
28%
26%
42%
26%
Net Profit
107
34
58
64
174
52
59
46
52
14
66
2
64
EPS in Rs
8.32
2.64
4.51
4.95
13.54
4.04
4.57
3.57
4.05
1.08
5.14
0.17
4.98
Figures in ₹ Crores

Profit & Loss

  Mar 2015 15mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,694
2,423
2,474
2,634
2,931
3,056
1,708
2,388
3,452
3,479
3,489
3,516
3,553
Expenses
2,343
2,129
2,178
2,271
2,441
2,210
1,540
1,960
2,647
2,682
2,738
2,790
2,841
Operating Profit
351
294
296
364
490
846
169
427
804
797
751
726
712
OPM %
13%
12%
12%
14%
17%
28%
10%
18%
23%
23%
22%
21%
20%
Other Income
75
97
18
49
66
66
87
54
39
19
188
24
36
Interest
18
16
15
15
14
129
108
99
118
126
141
147
132
Depreciation
79
79
65
60
64
296
265
242
295
339
371
420
417
PBT
329
297
234
337
478
487
-117
140
430
351
426
182
198
Tax %
30%
27%
32%
35%
31%
32%
-23%
26%
25%
25%
22%
26%
—
Net Profit
231
217
159
221
329
329
-89
103
323
263
331
134
146
EPS in Rs
18
16.91
12.37
17.16
25.6
25.59
-6.95
8.01
25.13
20.42
25.73
10.44
11.37
Div. Payout %
18%
21%
28%
23%
24%
16%
-58%
680%
54%
59%
74%
86%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
64
64
64
64
64
64
64
64
64
64
64
64
Reserves
957
1,157
1,260
1,410
1,678
1,830
1,694
1,750
1,374
1,463
1,511
1,531
Borrowings
0
0
0
0
0
1,249
1,032
1,094
1,246
1,357
1,446
1,387
Other Liabilities
616
512
599
667
732
589
542
616
587
466
801
796
Total Liabilities
1,637
1,733
1,923
2,141
2,474
3,732
3,332
3,525
3,272
3,350
3,823
3,778
Fixed Assets
309
304
268
296
317
1,369
1,120
1,226
1,392
1,509
1,800
1,651
CWIP
48
19
30
12
17
20
34
5
4
4
14
4
Investments
0
0
0
0
0
0
0
0
0
0
1
36
Other Assets
1,280
1,410
1,625
1,833
2,140
2,343
2,179
2,294
1,876
1,837
2,008
2,087
Total Assets
1,637
1,733
1,923
2,141
2,474
3,732
3,332
3,525
3,272
3,350
3,823
3,778
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
119
204
257
160
345
582
461
212
629
453
738
595
Investing
-66
-114
-229
-112
-278
-189
-53
93
439
40
53
-257
Financing
-50
-52
-56
-56
-63
-436
-369
-341
-1,011
-518
-638
-531
Net Cash Flow
2
37
-28
-7
4
-43
39
-37
57
-24
153
-194
Free Cash Flow
-15
165
209
85
263
496
425
164
539
355
670
530
CFO/OP
75
106
109
76
99
91
245
51
90
69
114
93
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
8
11
10
12
8
8
17
11
9
8
12
19
Inventory Days
208
217
225
232
238
246
265
292
218
227
197
164
Days Payable
105
104
129
146
146
142
192
153
99
73
85
77
Cash Conversion Cycle
111
124
106
99
100
112
90
150
128
162
124
107
Working Capital Days
39
61
51
56
46
28
10
33
27
43
16
17
ROCE %
34%
22%
22%
25%
31%
25%
0%
8%
20%
19%
15%
13%

Shareholding Pattern

As of Jun 2026
Promoters 50.16%
DIIs 27.23%
Public 13.96%
FIIs 6.38%
Others 2.28%
Total 100.01%
  Dec 2015Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
52.96%
52.96%
52.96%
52.96%
52.96%
52.96%
50.16%
50.16%
50.16%
50.16%
50.16%
50.16%
50.16%
50.16%
50.16%
50.16%
50.16%
50.16%
50.16%
50.16%
50.16%
50.16%
50.16%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7.51%
7.88%
8.24%
7.63%
8.81%
7.48%
6.93%
6.89%
6.89%
6.18%
6.43%
6.38%
DIIs
18.43%
26.00%
27.30%
28.00%
27.46%
27.41%
30.11%
28.44%
31.58%
30.64%
30.32%
29.97%
29.69%
28.32%
27.52%
27.12%
29.15%
29.46%
29.34%
29.39%
29.31%
28.39%
27.23%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
13.64%
12.89%
11.68%
11.31%
11.24%
11.17%
11.15%
11.46%
11.73%
11.88%
11.44%
10.86%
10.64%
11.44%
13.05%
12.22%
11.62%
11.82%
11.93%
11.85%
12.42%
12.90%
13.96%
Others
14.97%
8.15%
8.06%
7.74%
8.34%
8.47%
8.58%
9.94%
6.53%
7.33%
8.08%
1.50%
1.63%
1.85%
1.65%
1.69%
1.59%
1.63%
1.69%
1.71%
1.93%
2.13%
2.28%
No. of Shareholders
1,06,858
2,23,608
2,00,643
1,91,807
2,01,951
2,02,543
2,06,898
2,16,979
2,28,678
2,31,072
2,22,909
2,09,846
2,04,861
2,23,136
2,53,334
2,37,735
2,33,660
2,34,080
2,34,388
2,36,169
2,39,885
2,41,836
2,45,930

Documents

1
Concall - Nov 2021 Nov 2021
2
Concall - Feb 2022 Feb 2022
3
Concall - Nov 2022 Nov 2022
4
Concall - Jun 2026 Jun 2026
5
Concall - Jun 2026 Jun 2026

Frequently Asked Questions about Bata India Ltd

What does Bata India Ltd do?
Bata India is primarily engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network.
Where is Bata India Ltd (BATAINDIA) listed?
Bata India Ltd is listed on the Indian stock exchanges. It is listed on NSE: BATAINDIA and BSE: 500043. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Bata India Ltd belong to?
Bata India Ltd operates in the Consumer Goods sector within the Footwear industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Bata India Ltd?
Bata India Ltd has a market capitalisation of approximately ₹9645.35 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Bata India Ltd?
The Price-to-Earnings (PE) ratio of Bata India Ltd is 66.24. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Bata India Ltd?
Over the past 52 weeks, Bata India Ltd has traded between a low of ₹605 and a high of ₹1,282.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does Bata India Ltd pay dividends?
Yes, Bata India Ltd has a dividend yield of 3.30%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Bata India Ltd?
Bata India Ltd has a Return on Equity (ROE) of 8.41%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Bata India Ltd on Tapetide?
On Tapetide, you can view Bata India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Bata India is primarily engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network.

Website bata.in
CEO Mr. Gunjan Dinesh Kumar Shah
Employees 3,961
Listed 2003-06-18
Face Value ₹ 5
Issued Size 12,85,27,540

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