Bata India Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 22, 2025, 10:12 pm

Market Cap	15,758 Cr.
Current Price	1,227
High / Low	1,633/1,136
Stock P/E	44.3
Book Value	114
Dividend Yield	0.98 %
ROCE	18.7 %
ROE	19.8 %
Face Value	5.00
PEG Ratio	0.43

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Bata India Ltd

Competitors of Bata India Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Campus Activewear Ltd	7,584 Cr.	248	372/210	63.8	22.7	0.28 %	16.7 %	14.9 %	5.00
AKI India Ltd	69.9 Cr.	7.70	29.0/6.98	49.6	7.26	0.00 %	5.82 %	3.65 %	2.00
Relaxo Footwears Ltd	10,495 Cr.	422	888/375	59.8	80.8	0.71 %	13.9 %	10.5 %	1.00
Liberty Shoes Ltd	728 Cr.	426	570/276	40.6	126	0.00 %	9.45 %	7.21 %	10.0
Khadim India Ltd	551 Cr.	299	445/252	105	136	0.00 %	7.80 %	2.87 %	10.0
Industry Average	7,023.20 Cr	438.28		60.52	81.13	0.33%	12.06%	9.82%	5.50

All Competitor Stocks of Bata India Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	841	665	943	830	900	779	958	819	903	798	945	837	919
Expenses	673	503	698	669	694	597	719	637	721	616	760	663	719
Operating Profit	169	162	245	161	206	182	240	182	182	182	185	175	200
OPM %	20%	24%	26%	19%	23%	23%	25%	22%	20%	23%	20%	21%	22%
Other Income	14	19	9	12	8	10	13	-25	11	22	150	17	-1
Interest	23	25	25	27	29	27	28	28	29	31	31	32	31
Depreciation	62	72	69	74	75	76	81	82	86	90	87	90	90
Profit before tax	97	85	160	72	110	88	144	46	78	83	217	70	77
Tax %	26%	26%	25%	24%	24%	26%	26%	26%	26%	23%	20%	26%	24%
Net Profit	72	63	119	55	83	66	107	34	58	64	174	52	59
EPS in Rs	5.63	4.90	9.29	4.27	6.47	5.11	8.32	2.64	4.51	4.95	13.54	4.04	4.57

Last Updated: March 3, 2025, 5:19 pm

Below is a detailed analysis of the quarterly data for Bata India Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 919.00 Cr.. The value appears strong and on an upward trend. It has increased from 837.00 Cr. (Sep 2024) to 919.00 Cr., marking an increase of 82.00 Cr..
For Expenses, as of Dec 2024, the value is 719.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 663.00 Cr. (Sep 2024) to 719.00 Cr., marking an increase of 56.00 Cr..
For Operating Profit, as of Dec 2024, the value is 200.00 Cr.. The value appears strong and on an upward trend. It has increased from 175.00 Cr. (Sep 2024) to 200.00 Cr., marking an increase of 25.00 Cr..
For OPM %, as of Dec 2024, the value is 22.00%. The value appears strong and on an upward trend. It has increased from 21.00% (Sep 2024) to 22.00%, marking an increase of 1.00%.
For Other Income, as of Dec 2024, the value is -1.00 Cr.. The value appears to be declining and may need further review. It has decreased from 17.00 Cr. (Sep 2024) to -1.00 Cr., marking a decrease of 18.00 Cr..
For Interest, as of Dec 2024, the value is 31.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 32.00 Cr. (Sep 2024) to 31.00 Cr., marking a decrease of 1.00 Cr..
For Depreciation, as of Dec 2024, the value is 90.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 90.00 Cr..
For Profit before tax, as of Dec 2024, the value is 77.00 Cr.. The value appears strong and on an upward trend. It has increased from 70.00 Cr. (Sep 2024) to 77.00 Cr., marking an increase of 7.00 Cr..
For Tax %, as of Dec 2024, the value is 24.00%. The value appears to be improving (decreasing) as expected. It has decreased from 26.00% (Sep 2024) to 24.00%, marking a decrease of 2.00%.
For Net Profit, as of Dec 2024, the value is 59.00 Cr.. The value appears strong and on an upward trend. It has increased from 52.00 Cr. (Sep 2024) to 59.00 Cr., marking an increase of 7.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 4.57. The value appears strong and on an upward trend. It has increased from 4.04 (Sep 2024) to 4.57, marking an increase of 0.53.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 9:05 pm

Metric	Dec 2012	Dec 2013	Mar 2015n n 15m	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,842	2,065	2,694	2,423	2,474	2,634	2,931	3,056	1,708	2,388	3,452	3,479	3,498
Expenses	1,556	1,728	2,343	2,129	2,178	2,271	2,441	2,210	1,540	1,960	2,647	2,682	2,757
Operating Profit	287	338	351	294	296	364	490	846	169	427	804	797	741
OPM %	16%	16%	13%	12%	12%	14%	17%	28%	10%	18%	23%	23%	21%
Other Income	29	18	75	97	18	49	66	66	87	54	39	19	188
Interest	12	13	18	16	15	15	14	129	108	99	118	126	125
Depreciation	51	59	79	79	65	60	64	296	265	242	295	339	358
Profit before tax	253	283	329	297	234	337	478	487	-117	140	430	351	447
Tax %	32%	33%	30%	27%	32%	35%	31%	32%	-23%	26%	25%	25%
Net Profit	172	191	231	217	159	221	329	329	-89	103	323	263	348
EPS in Rs	13.39	14.86	18.00	16.91	12.37	17.16	25.60	25.59	-6.95	8.01	25.13	20.42	27.10
Dividend Payout %	22%	22%	18%	21%	28%	23%	24%	16%	-58%	680%	54%	59%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-26.73%	38.99%	48.87%	0.00%	-127.05%	215.73%	213.59%	-18.58%
Change in YoY Net Profit Growth (%)	0.00%	65.72%	9.88%	-48.87%	-127.05%	342.78%	-2.14%	-232.17%

Bata India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	5%
5 Years:	3%
3 Years:	27%
TTM:	1%

Compounded Profit Growth
10 Years:	4%
5 Years:	-2%
3 Years:	77%
TTM:	23%

Stock Price CAGR
10 Years:	9%
5 Years:	0%
3 Years:	-14%
1 Year:	-9%

Return on Equity
10 Years:	14%
5 Years:	11%
3 Years:	15%
Last Year:	20%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:37 am

Month	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	64	64	64	64	64	64	64	64	64	64	64	64	64
Reserves	635	776	957	1,157	1,260	1,410	1,678	1,830	1,694	1,750	1,374	1,463	1,405
Borrowings	0	0	0	0	0	0	0	1,249	1,032	1,094	1,246	1,357	1,438
Other Liabilities	430	542	616	512	599	667	732	589	542	616	587	466	580
Total Liabilities	1,130	1,382	1,637	1,733	1,923	2,141	2,474	3,732	3,332	3,525	3,272	3,350	3,487
Fixed Assets	243	248	309	304	268	296	317	1,369	1,120	1,226	1,392	1,509	1,569
CWIP	18	24	48	19	30	12	17	20	34	5	4	4	6
Investments	0	0	0	0	0	0	0	0	0	0	0	0	1
Other Assets	868	1,110	1,280	1,410	1,625	1,833	2,140	2,343	2,179	2,294	1,876	1,837	1,912
Total Assets	1,130	1,382	1,637	1,733	1,923	2,141	2,474	3,732	3,332	3,525	3,272	3,350	3,487

Below is a detailed analysis of the balance sheet data for Bata India Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹64.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 64.00 Cr..
For Reserves, as of Sep 2024, the value is ₹1,405.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,463.00 Cr. (Mar 2024) to ₹1,405.00 Cr., marking a decrease of 58.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹1,438.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 1,357.00 Cr. (Mar 2024) to ₹1,438.00 Cr., marking an increase of 81.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹580.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 466.00 Cr. (Mar 2024) to ₹580.00 Cr., marking an increase of 114.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹3,487.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,350.00 Cr. (Mar 2024) to ₹3,487.00 Cr., marking an increase of 137.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,569.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,509.00 Cr. (Mar 2024) to ₹1,569.00 Cr., marking an increase of 60.00 Cr..
For CWIP, as of Sep 2024, the value is ₹6.00 Cr.. The value appears strong and on an upward trend. It has increased from 4.00 Cr. (Mar 2024) to ₹6.00 Cr., marking an increase of 2.00 Cr..
For Investments, as of Sep 2024, the value is ₹1.00 Cr.. The value appears strong and on an upward trend. It has increased from 0.00 Cr. (Mar 2024) to ₹1.00 Cr., marking an increase of 1.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹1,912.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,837.00 Cr. (Mar 2024) to ₹1,912.00 Cr., marking an increase of 75.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹3,487.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,350.00 Cr. (Mar 2024) to ₹3,487.00 Cr., marking an increase of 137.00 Cr..

However, the Borrowings (1,438.00 Cr.) are higher than the Reserves (₹1,405.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	184	182	119	204	257	160	345	582	461	212	629	453
Cash from Investing Activity +	-128	-118	-66	-114	-229	-112	-278	-189	-53	93	439	40
Cash from Financing Activity +	-46	-46	-50	-52	-56	-56	-63	-436	-369	-341	-1,011	-518
Net Cash Flow	11	18	2	37	-28	-7	4	-43	39	-37	57	-24

Free Cash Flow

Month	Dec 2012	Dec 2013	Mar 2015n n 15m	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	287.00	338.00	351.00	294.00	296.00	364.00	490.00	845.00	168.00	426.00	803.00	796.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	9	9	8	11	10	12	8	8	17	11	9	8
Inventory Days	194	224	208	217	225	232	238	246	265	292	218	227
Days Payable	92	110	105	104	129	146	146	142	192	153	99	73
Cash Conversion Cycle	111	123	111	124	106	99	100	112	90	150	128	162
Working Capital Days	32	36	39	61	51	56	46	54	47	64	52	72
ROCE %	42%	40%	34%	22%	22%	25%	31%	25%	-0%	8%	20%	19%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	52.96%	52.96%	50.16%	50.16%	50.16%	50.16%	50.16%	50.16%	50.16%	50.16%	50.16%	50.16%
FIIs	6.01%	6.66%	6.84%	7.87%	4.86%	5.85%	6.63%	7.51%	7.88%	8.24%	7.63%	8.81%
DIIs	27.46%	27.41%	30.11%	28.97%	31.58%	30.56%	30.31%	29.97%	29.69%	28.31%	27.52%	27.12%
Public	13.57%	12.97%	12.89%	13.00%	13.41%	13.42%	12.89%	12.36%	12.26%	13.28%	14.70%	13.89%
No. of Shareholders	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

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Mirae Asset Large & Midcap Fund	3,094,295	1.12	449.49	3,094,295	2025-04-22 17:25:40	0%
ICICI Prudential Value Discovery Fund	1,648,927	0.48	239.53	1,648,927	2025-04-22 17:25:40	0%
Canara Robeco Emerging Equities	1,598,275	0.93	232.17	1,598,275	2025-04-22 17:25:40	0%
Mirae Asset ELSS Tax Saver Fund	1,482,414	0.83	215.34	1,482,414	2025-04-22 17:25:40	0%
Quant Small Cap Fund	1,391,548	0.79	202.14	1,391,548	2025-04-22 17:25:40	0%
Nippon India Growth Fund	1,043,061	0.45	151.52	1,043,061	2025-04-22 17:25:40	0%
ICICI Prudential Multicap Fund	767,778	0.78	111.53	767,778	2025-04-22 17:25:40	0%
ICICI Prudential India Opportunities Fund	701,922	0.43	101.96	701,922	2025-04-22 17:25:40	0%
Aditya Birla Sun Life MNC Fund - Div	451,154	1.62	65.54	451,154	2025-04-22 17:25:40	0%
Aditya Birla Sun Life MNC Fund - Gr	451,154	1.62	65.54	451,154	2025-04-22 17:25:40	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	20.42	25.13	8.01	-6.95	25.59
Diluted EPS (Rs.)	20.42	25.13	8.01	-6.95	25.59
Cash EPS (Rs.)	46.81	48.07	26.84	13.65	48.61
Book Value[Excl.RevalReserv]/Share (Rs.)	118.80	111.90	141.19	136.79	147.35
Book Value[Incl.RevalReserv]/Share (Rs.)	118.80	111.90	141.19	136.79	147.35
Revenue From Operations / Share (Rs.)	270.65	268.55	185.77	132.93	237.78
PBDIT / Share (Rs.)	65.95	64.77	36.92	19.94	70.08
PBIT / Share (Rs.)	39.57	41.83	18.09	-0.65	47.07
PBT / Share (Rs.)	27.28	33.44	10.87	-9.07	37.91
Net Profit / Share (Rs.)	20.42	25.13	8.01	-6.95	25.59
NP After MI And SOA / Share (Rs.)	20.42	25.13	8.01	-6.95	25.59
PBDIT Margin (%)	24.36	24.11	19.87	14.99	29.47
PBIT Margin (%)	14.61	15.57	9.73	-0.49	19.79
PBT Margin (%)	10.07	12.45	5.85	-6.82	15.94
Net Profit Margin (%)	7.54	9.35	4.31	-5.22	10.76
NP After MI And SOA Margin (%)	7.54	9.35	4.31	-5.22	10.76
Return on Networth / Equity (%)	17.19	22.45	5.67	-5.07	17.36
Return on Capital Employeed (%)	19.45	21.95	8.58	-0.32	20.63
Return On Assets (%)	7.83	9.87	2.92	-2.68	8.81
Asset Turnover Ratio (%)	1.05	1.02	0.69	0.48	0.98
Current Ratio (X)	2.11	1.96	2.45	2.61	2.50
Quick Ratio (X)	0.84	0.86	1.38	1.75	1.41
Inventory Turnover Ratio (X)	0.26	0.29	0.33	0.14	0.30
Dividend Payout Ratio (NP) (%)	66.09	216.86	49.91	-57.56	24.42
Dividend Payout Ratio (CP) (%)	28.84	113.38	14.90	29.30	12.85
Earning Retention Ratio (%)	33.91	-116.86	50.09	157.56	75.58
Cash Earning Retention Ratio (%)	71.16	-13.38	85.10	70.70	87.15
Interest Coverage Ratio (X)	7.24	7.72	5.11	2.47	7.65
Interest Coverage Ratio (Post Tax) (X)	3.59	3.99	2.11	0.18	3.79
Enterprise Value (Cr.)	17126.47	17706.92	24247.77	16956.86	14859.80
EV / Net Operating Revenue (X)	4.92	5.13	10.16	9.93	4.86
EV / EBITDA (X)	20.21	21.27	51.10	66.17	16.50
MarketCap / Net Operating Revenue (X)	5.04	5.28	10.56	10.57	5.18
Retention Ratios (%)	33.90	-116.86	50.08	157.56	75.57
Price / BV (X)	11.48	12.68	13.90	10.27	8.35
Price / Net Operating Revenue (X)	5.04	5.28	10.56	10.57	5.18
EarningsYield	0.01	0.01	0.00	0.00	0.02

After reviewing the key financial ratios for Bata India Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 5.00.
For Basic EPS (Rs.), as of Mar 24, the value is 20.42. This value is within the healthy range. It has decreased from 25.13 (Mar 23) to 20.42, marking a decrease of 4.71.
For Diluted EPS (Rs.), as of Mar 24, the value is 20.42. This value is within the healthy range. It has decreased from 25.13 (Mar 23) to 20.42, marking a decrease of 4.71.
For Cash EPS (Rs.), as of Mar 24, the value is 46.81. This value is within the healthy range. It has decreased from 48.07 (Mar 23) to 46.81, marking a decrease of 1.26.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 118.80. It has increased from 111.90 (Mar 23) to 118.80, marking an increase of 6.90.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 118.80. It has increased from 111.90 (Mar 23) to 118.80, marking an increase of 6.90.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 270.65. It has increased from 268.55 (Mar 23) to 270.65, marking an increase of 2.10.
For PBDIT / Share (Rs.), as of Mar 24, the value is 65.95. This value is within the healthy range. It has increased from 64.77 (Mar 23) to 65.95, marking an increase of 1.18.
For PBIT / Share (Rs.), as of Mar 24, the value is 39.57. This value is within the healthy range. It has decreased from 41.83 (Mar 23) to 39.57, marking a decrease of 2.26.
For PBT / Share (Rs.), as of Mar 24, the value is 27.28. This value is within the healthy range. It has decreased from 33.44 (Mar 23) to 27.28, marking a decrease of 6.16.
For Net Profit / Share (Rs.), as of Mar 24, the value is 20.42. This value is within the healthy range. It has decreased from 25.13 (Mar 23) to 20.42, marking a decrease of 4.71.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 20.42. This value is within the healthy range. It has decreased from 25.13 (Mar 23) to 20.42, marking a decrease of 4.71.
For PBDIT Margin (%), as of Mar 24, the value is 24.36. This value is within the healthy range. It has increased from 24.11 (Mar 23) to 24.36, marking an increase of 0.25.
For PBIT Margin (%), as of Mar 24, the value is 14.61. This value is within the healthy range. It has decreased from 15.57 (Mar 23) to 14.61, marking a decrease of 0.96.
For PBT Margin (%), as of Mar 24, the value is 10.07. This value is within the healthy range. It has decreased from 12.45 (Mar 23) to 10.07, marking a decrease of 2.38.
For Net Profit Margin (%), as of Mar 24, the value is 7.54. This value is within the healthy range. It has decreased from 9.35 (Mar 23) to 7.54, marking a decrease of 1.81.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 7.54. This value is below the healthy minimum of 8. It has decreased from 9.35 (Mar 23) to 7.54, marking a decrease of 1.81.
For Return on Networth / Equity (%), as of Mar 24, the value is 17.19. This value is within the healthy range. It has decreased from 22.45 (Mar 23) to 17.19, marking a decrease of 5.26.
For Return on Capital Employeed (%), as of Mar 24, the value is 19.45. This value is within the healthy range. It has decreased from 21.95 (Mar 23) to 19.45, marking a decrease of 2.50.
For Return On Assets (%), as of Mar 24, the value is 7.83. This value is within the healthy range. It has decreased from 9.87 (Mar 23) to 7.83, marking a decrease of 2.04.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.05. It has increased from 1.02 (Mar 23) to 1.05, marking an increase of 0.03.
For Current Ratio (X), as of Mar 24, the value is 2.11. This value is within the healthy range. It has increased from 1.96 (Mar 23) to 2.11, marking an increase of 0.15.
For Quick Ratio (X), as of Mar 24, the value is 0.84. This value is below the healthy minimum of 1. It has decreased from 0.86 (Mar 23) to 0.84, marking a decrease of 0.02.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 0.26. This value is below the healthy minimum of 4. It has decreased from 0.29 (Mar 23) to 0.26, marking a decrease of 0.03.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 66.09. This value exceeds the healthy maximum of 50. It has decreased from 216.86 (Mar 23) to 66.09, marking a decrease of 150.77.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 28.84. This value is within the healthy range. It has decreased from 113.38 (Mar 23) to 28.84, marking a decrease of 84.54.
For Earning Retention Ratio (%), as of Mar 24, the value is 33.91. This value is below the healthy minimum of 40. It has increased from -116.86 (Mar 23) to 33.91, marking an increase of 150.77.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 71.16. This value exceeds the healthy maximum of 70. It has increased from -13.38 (Mar 23) to 71.16, marking an increase of 84.54.
For Interest Coverage Ratio (X), as of Mar 24, the value is 7.24. This value is within the healthy range. It has decreased from 7.72 (Mar 23) to 7.24, marking a decrease of 0.48.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 3.59. This value is within the healthy range. It has decreased from 3.99 (Mar 23) to 3.59, marking a decrease of 0.40.
For Enterprise Value (Cr.), as of Mar 24, the value is 17,126.47. It has decreased from 17,706.92 (Mar 23) to 17,126.47, marking a decrease of 580.45.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 4.92. This value exceeds the healthy maximum of 3. It has decreased from 5.13 (Mar 23) to 4.92, marking a decrease of 0.21.
For EV / EBITDA (X), as of Mar 24, the value is 20.21. This value exceeds the healthy maximum of 15. It has decreased from 21.27 (Mar 23) to 20.21, marking a decrease of 1.06.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 5.04. This value exceeds the healthy maximum of 3. It has decreased from 5.28 (Mar 23) to 5.04, marking a decrease of 0.24.
For Retention Ratios (%), as of Mar 24, the value is 33.90. This value is within the healthy range. It has increased from -116.86 (Mar 23) to 33.90, marking an increase of 150.76.
For Price / BV (X), as of Mar 24, the value is 11.48. This value exceeds the healthy maximum of 3. It has decreased from 12.68 (Mar 23) to 11.48, marking a decrease of 1.20.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 5.04. This value exceeds the healthy maximum of 3. It has decreased from 5.28 (Mar 23) to 5.04, marking a decrease of 0.24.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bata India Ltd as of April 23, 2025 is: 807.79

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 23, 2025, Bata India Ltd is Overvalued by 34.17% compared to the current share price 1,227.00

Intrinsic Value of Bata India Ltd as of April 23, 2025 is: 1,645.27

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 23, 2025, Bata India Ltd is Undervalued by 34.09% compared to the current share price 1,227.00

Last 5 Year EPS CAGR: 103.67%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 24.00%, which is a positive sign. The company has higher reserves (1,337.62 cr) compared to borrowings (570.46 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.15 cr) and profit (303.77 cr) over the years.	The stock has a high average Working Capital Days of 50.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 118.00, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bata India Ltd:
1. Net Profit Margin: 7.54%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 19.45% (Industry Average ROCE: 12.06%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 17.19% (Industry Average ROE: 9.82%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 3.59
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.84
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 44.3 (Industry average Stock P/E: 60.52)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Bata India Ltd. is a Public Limited Listed company incorporated on 23/12/1931 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L19201WB1931PLC007261 and registration number is 007261. Currently Company is involved in the business activities of Retail sale of footwear. Company's Total Operating Revenue is Rs. 3478.41 Cr. and Equity Capital is Rs. 64.26 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Footwears	27B, Camac Street, 1st Floor, Kolkata West Bengal 700016	share.dept@bata.com http://www.bata.in

Management
Name	Position Held
Mr. Ashwani Windlass	Chairman & Ind.Director
Mr. Gunjan Shah	Managing Director & CEO
Mr. Anil Somani	Director - Finance & CFO
Mr. Akshay Chudasama	Independent Director
Mr. Ashok Kumar Barat	Independent Director
Ms. Radha Rajappa	Independent Director
Mr. Mukesh Butani	Independent Director
Mr. Gerd Graehsler	Non Executive Director
Ms. Kanchan Chehal	Non Executive Director
Mr. Ravindra Dhariwal	Non Executive Director
Mr. Shaibal Sinha	Non Executive Director

FAQ

What is the intrinsic value of Bata India Ltd?

Bata India Ltd's intrinsic value (as of 23 April 2025) is ₹807.79 — 34.17% lower the current market price of 1,227.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 15,758 Cr. market cap, FY2025-2026 high/low of ₹1,633/1,136, reserves of 1,405 Cr, and liabilities of 3,487 Cr.

What is the Market Cap of Bata India Ltd?

The Market Cap of Bata India Ltd is 15,758 Cr..

What is the current Stock Price of Bata India Ltd as on 23 April 2025?

The current stock price of Bata India Ltd as on 23 April 2025 is 1,227.

What is the High / Low of Bata India Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Bata India Ltd stocks is ₹1,633/1,136.

What is the Stock P/E of Bata India Ltd?

The Stock P/E of Bata India Ltd is 44.3.

What is the Book Value of Bata India Ltd?

The Book Value of Bata India Ltd is 114.

What is the Dividend Yield of Bata India Ltd?

The Dividend Yield of Bata India Ltd is 0.98 %.

What is the ROCE of Bata India Ltd?

The ROCE of Bata India Ltd is 18.7 %.

What is the ROE of Bata India Ltd?

The ROE of Bata India Ltd is 19.8 %.

What is the Face Value of Bata India Ltd?

The Face Value of Bata India Ltd is 5.00.