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Swing Capital

Bata India Ltd

NSE: BATAINDIA BSE: 500043Retail

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

₹680
52W: ₹605 — ₹1301
PE 46.3 · Book ₹118 · +476% vs book
Market Cap₹8,738 Cr
Stock P/E46.3Price to Earnings
ROCE15.2%Return on Capital
ROE15.6%Return on Equity
Div. Yield2.72%Face Value ₹5

Strengths

  • +Company has been maintaining a healthy dividend payout of 62.7%
  • +Company's working capital requirements have reduced from 28.6 days to 15.5 days

Weaknesses

  • −The company has delivered a poor sales growth of 2.70% over past five years.

Shareholding Pattern

Promoters50.16%
FIIs6.43%
DIIs28.39%
Public15.02%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters50.16%50.16%50.16%50.16%50.16%50.16%50.16%50.16%
FIIs7.63%8.81%▲1.27.48%▼1.36.93%▼0.66.89%▼0.06.89%6.18%▼0.76.43%▲0.3
DIIs27.52%27.12%▼0.429.15%▲2.029.46%▲0.329.35%▼0.129.39%▲0.029.31%▼0.128.39%▼0.9
Public14.7%13.89%▼0.813.21%▼0.713.45%▲0.213.61%▲0.213.55%▼0.114.34%▲0.815.02%▲0.7

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales819903798945837918788942801945
Expenses637722618760663719612743656733
Operating Profit182182179185174199175199145212
OPM %22%20%22%20%21%22%22%21%18%22%
Net Profit345760174525844521466
EPS ₹2.684.464.6913.574.074.533.394.021.075.14

AI Insights

Revenue Trend

TTM revenue at ₹3,476Cr, down 0.3% YoY. OPM at 21%.

Debt Position

Borrowings at ₹1,378Cr. Debt-to-equity ratio: 0.95x. Moderate leverage.

Capex Cycle

CWIP at ₹1Cr (0% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 28.39% (-1.92pp change). FIIs: 6.43% (-0.20pp change). Promoters hold 50.16%.

Margin & Efficiency

ROCE declining from 40% (Dec 2013) to 15% (Mar 2025). Working capital days: 16.

Valuation

PE 46.3x with 15.2% ROCE. Price is 476% above book value of ₹118. Dividend yield: 2.72%.

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