MarketFriction

Bata India Ltd

NSE BATAINDIA · BSE 500043 · Footwear
₹613.00 -0.93%
NSE close2026-10-01
52 week range605.00 - 1,238.00
Market cap₹7,973 Cr.
P/E45.9
Nifty 500Smallcap 250Nifty Consumer Durables Price band 20% Delivery 47.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales819903798945837919788942801945828979
Expenses637721616760663719610743656733677775
Operating Profit182182182185174200178199145212151204
OPM %22%20%23%20%21%22%23%21%18%22%18%21%
Other Income-25112215118-123121313-818
Interest282931313231353534323433
Depreciation828690879090104106105104105103
Profit before tax467883217707762701989486
Tax %26%26%23%20%26%24%26%26%28%26%42%26%
Net Profit345864174525946521466264
EPS in Rs2.644.514.9513.544.044.573.574.051.085.140.174.98
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,4232,4742,6342,9313,0561,7082,3883,4523,4793,4893,5163,553
Expenses2,1292,1782,2712,4412,2101,5401,9602,6472,6822,7382,7902,841
Operating Profit294296364490846169427804797751726712
OPM %12%12%14%17%28%10%18%23%23%22%21%20%
Other Income9718496666875439191882436
Interest1615151412910899118126141147132
Depreciation79656064296265242295339371420417
Profit before tax297234337478487-117140430351426182198
Tax %27%32%35%31%32%-23%26%25%25%22%26%
Net Profit217159221329329-89103323263331134146
EPS in Rs16.9112.3717.1625.6025.59-6.958.0125.1320.4225.7310.4411.37
Dividend Payout %21%28%23%24%16%-58%680%54%59%74%86%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth4%16%1%2%
Compounded Profit Growth0%32%-19%-21%
Stock Price CAGR2%-20%-27%-47%
Return on Equity13%13%14%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital646464646464646464646464
Reserves9571,1571,2601,4101,6781,8301,6941,7501,3741,4631,5111,531
Borrowings000001,2491,0321,0941,2461,3571,4461,387
Other Liabilities616512599667732589542616587466801796
Total Liabilities1,6371,7331,9232,1412,4743,7323,3323,5253,2723,3503,8233,778
Fixed Assets3093042682963171,3691,1201,2261,3921,5091,8001,651
CWIP48193012172034544144
Investments0000000000136
Other Assets1,2801,4101,6251,8332,1402,3432,1792,2941,8761,8372,0082,087
Total Assets1,6371,7331,9232,1412,4743,7323,3323,5253,2723,3503,8233,778
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity119204257160345582461212629453738595
Cash from Investing Activity-66-114-229-112-278-189-53934394053-257
Cash from Financing Activity-50-52-56-56-63-436-369-341-1,011-518-638-531
Net Cash Flow237-28-74-4339-3757-24153-194
Free Cash Flow-1516520985263496425164539355670530
CFO/OP75%106%109%76%99%91%245%51%90%69%114%93%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days8111012881711981219
Inventory Days208217225232238246265292218227197164
Days Payable10510412914614614219215399738577
Cash Conversion Cycle1111241069910011290150128162124107
Working Capital Days396151564628103327431617
ROCE %34%22%22%25%31%25%-0%8%20%19%15%13%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters50.16%50.16%50.16%50.16%50.16%50.16%50.16%50.16%50.16%50.16%50.16%50.16%
FIIs7.51%7.88%8.24%7.63%8.81%7.48%6.93%6.89%6.89%6.18%6.43%6.38%
DIIs29.97%29.69%28.31%27.52%27.12%29.15%29.46%29.35%29.39%29.31%28.39%27.22%
Public12.36%12.26%13.28%14.70%13.89%13.21%13.45%13.61%13.55%14.34%15.02%16.24%
No. of Shareholders2,09,8462,04,8612,23,1362,53,3342,37,7352,33,6602,34,0802,34,3882,36,1692,39,8852,41,8362,45,930

Fundamentals

Market Cap₹ 7,973 Cr.
Current Price₹ 620
Stock P/E45.9
Book Value₹ 124
ROCE12.7 %
ROE10.6 %
Dividend Yield4.03 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)-21%
Consolidated figures.
Valuation
Market capRs 7,879 Cr
Enterprise valueRs 8,769 Cr
P/E (TTM)53.89x
Price to book4.94x
Price to sales2.22x
EV / EBITDA11.73x
EV / EBIT26.55x
EV / sales2.47x
Price to cash flow13.24x
Earnings yield1.86%
Dividend yield1.47%
P/E, 3-year average57.46x
P/B, 3-year average8.78x
P/E, 5-year average94.72x
P/B, 5-year average10.58x
Profitability
Operating margin (excl. other income)20.64%
Operating margin (incl. other income)21.32%
EBITDA margin21.05%
Pre-tax margin5.57%
Net profit margin4.12%
Net margin, latest quarter6.54%
ROE8.47%
ROCE10.97%
ROA3.53%
ROE, 3-year average15.83%
ROCE, 3-year average15.77%
ROA, 3-year average6.89%
ROE, 5-year average14.62%
ROCE, 5-year average15.06%
ROA, 5-year average6.64%
ROIC (approx.)9.80%
Tax rate26.27%
Other income / net worth1.49%
Growth
Sales growth (latest year)0.77%
Profit growth (latest year)-59.41%
Sales CAGR, 3 years0.61%
Sales CAGR, 5 years15.52%
Profit CAGR, 3 years-25.38%
Sales growth QoQ18.28%
Profit growth QoQ2795.02%
Sales growth YoY (latest quarter)3.94%
Profit growth YoY (latest quarter)23.04%
Per share
EPS (TTM)Rs 11.37
EPS (latest year)Rs 10.44
EPS (latest quarter)Rs 4.98
EPS, 3-year averageRs 18.86
EPS, 5-year averageRs 17.95
Book value per shareRs 124.14
Sales per shareRs 276.41
Cash flow per shareRs 46.28
Free cash flow per shareRs 41.24
Dividend per share (latest year)Rs 9.00
Dividend per share, 3-year averageRs 13.33
Dividend per share, 5-year averageRs 21.60
Dividends
Dividend payout86.19%
Dividend payout, 3-year average72.93%
Dividend payout, 5-year average190.52%
Efficiency
Asset turnover0.93x
Fixed asset turnover2.13x
Inventory turnover2.36x
Inventory days155 days
Debtor days19 days
Debtors turnover19.10x
Creditor days77 days
Cash conversion cycle107 days
Working capital days17 days
Leverage
Total debtRs 1,387 Cr
Cash and bankRs 496 Cr
Net debtRs 890 Cr
Debt to equity0.87x
Net debt / EBITDA1.19x
Interest coverage2.49x
Current ratio (filing 2026-03-31)1.72x
Quick ratio (filing 2026-03-31)0.98x
Trade payables (filing 2026-03-31)Rs 331 Cr
Owners' fund to total sources42.23%
Debt to assets36.70%
Cash flow
Cash from Operating Activity (latest year)Rs 595 Cr
Cash from Investing Activity (latest year)Rs -257 Cr
Cash from Financing Activity (latest year)Rs -531 Cr
Net Cash Flow (latest year)Rs -194 Cr
Free cash flow (latest year)Rs 530 Cr
FCFE (approx.: FCF + change in debt)Rs 470 Cr
Cash from ops / profit, 5 years2.28x
Sales to cash flow5.91x
Statement figures
Net sales (TTM)Rs 3,553 Cr
Net sales (latest year)Rs 3,516 Cr
Sales (latest quarter)Rs 979 Cr
Operating profit excl. other income (latest year)Rs 726 Cr
Operating profit (latest quarter)Rs 204 Cr
Other income (TTM)Rs 36 Cr
EBITDA (TTM)Rs 748 Cr
PBDT (TTM)Rs 615 Cr
Profit before tax (TTM)Rs 198 Cr
Tax (latest year)Rs 48 Cr
Net profit (TTM)Rs 146 Cr
Net profit (latest year)Rs 134 Cr
Net profit (latest quarter)Rs 64 Cr
Depreciation (TTM)Rs 417 Cr
Depreciation (latest quarter)Rs 103 Cr
Interest (TTM)Rs 132 Cr
Cost of goods sold (latest year)Rs 1,669 Cr
Total expenditure (latest year)Rs 2,790 Cr
Total income (latest year)Rs 3,539 Cr
Share capitalRs 64 Cr
ReservesRs 1,531 Cr
Shareholders' fundsRs 1,596 Cr
Total assetsRs 3,778 Cr
Net blockRs 1,651 Cr
Capital work in progressRs 4 Cr
InvestmentsRs 36 Cr
ReceivablesRs 184 Cr
InventoryRs 708 Cr
Other liabilitiesRs 796 Cr
Shares outstanding (crore)12.85
Ownership
Promoter holding50.16% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 53.9 is at the 22th percentile of its own 8.4-year range (median 63.0, low 43.4, high 244.8).
P/B 4.94 is the lowest in 9.4 years (median 10.50).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBATAINDIANifty 50Difference
1 week-2.2%-2.8% +0.5 pts
1 month-9.5%-6.8% -2.7 pts
3 months-12.0%-7.6% -4.4 pts
6 months+0.9%+0.4% +0.5 pts
1 year-48.3%-9.9% -38.4 pts
2 years-57.1%-13.6% -43.5 pts
3 years-61.9%+14.2% -76.1 pts
5 years-66.6%+27.9% -94.5 pts
45 mutual fund schemes hold about ₹1,294 Cr. Over three months 38 bought more and 2 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Mirae Asset Large & Midcap Fund0.73%334 +9%
Mirae Asset ELSS Tax Saver Fund0.93%244 +12%
Mirae Asset Midcap Fund0.98%205 +16%
Nippon India Growth Mid Cap Fund0.25%130 +7%
Canara Rob Large and Mid Cap Fund0.46%122 -5%
Quant Small Cap Fund0.17%60 +4%
Mirae Asset Multicap Fund0.99%56 +9%
Mirae Asset Great Consumer Fund0.59%28 +9%
HDFC Large & Mid Cap Fund0.08%25 +10%
Mahindra Manulife Small Cap Fund0.44%24 +100%
Aditya Birla SL MNC Fund0.66%22 +11%
Kotak Special Opportunities Fund1.01%17 -3%
Nippon India Nifty Smallcap 250 Index Fund0.20%7 +9%
Bandhan Multi Cap Fund0.22%7 +121%
SBI Nifty Smallcap 250 Index Fund0.20%4 +9%
Motilal Oswal Nifty Smallcap 250 Index Fund0.20%3 +9%
ICICI Pru Nifty Smallcap 250 Index Fund0.20%2 +9%
HDFC NIFTY Smallcap 250 Index Fund0.20%2 +10%
Nippon India Nifty 500 Equal Weight Index Fund0.20%1 +17%
JioBlackRock Nifty Smallcap 250 Index Fund0.20%1 +9%
Motilal Oswal Nifty 500 Index Fund0.02%1 +9%
Edelweiss Nifty Smallcap 250 Index Fund0.20%1 +9%
Groww Nifty Smallcap 250 Index Fund0.20%0 +9%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.05%0 +11%
Bandhan Nifty Smallcap 250 Index Fund0.20%0 +10%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹979 Cr +3.9% vs Jun 2025. Net profit ₹64 Cr +23.1%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-19Interim Dividend - Rs 25 Per Share
2026-07-31Dividend - Rs 9 Per Share
2025-08-01Dividend - Rs 9 Per Share
2024-08-16Interim Dividend - Rs 10 Per Share
2024-07-31Annual General Meeting/Dividend - Rs 12 Per Share
2023-08-03Annual General Meeting/Dividend - Rs 13.50 Per Share
2022-08-04Annual General Meeting/Dividend - Rs 4 Per Share/Special Dividend - Rs 50.5 Per Share
2021-08-04 Annual General Meeting/Dividend - Rs 4 Per Share
2020-07-29 Annual General Meeting/Dividend - Rs 4 Per Share
2019-07-22 Annual General Meeting/Dividend Rs 6.25 Per Share
2018-07-09 Annual General Meeting/Dividend- Rs 4 Per Share
2017-07-06 Annual General Meeting/Dividend - Rs 3.50 Per Share
2016-07-19 Annual General Meeting/ Dividend - Rs 3.50/- Per Share
2015-10-07 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share0.5000
2015-07-20Annual General Meeting/Dividend - Rs 6.50 Per Share
2014-05-05Annual General Meeting / Dividend - Rs 6.50/- Per Share
2013-05-17Annual General Meeting / Dividend Rs.6/- Per Share
2012-05-14Annual General Meeting/Final Dividend Rs.5/- Per Share And Special Dividend Re.1/- Per Share
2011-06-10Annual General Meeting And Dividend Rs.4/- Per Share
2010-05-06Agm/Div-Rs.3/- Per Share
2009-05-07Agm/Dividend - 25%
2008-05-29Agm/Fin Div-15%+Ad Div-5%Bc Dates Revised
2007-06-08Agm
2006-06-12Agm
DateTypeWhat it says
2026-09-30UpdatesBata India Limited has made disclosure regarding updated contact details under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requir...
2026-09-30Director changeChange in Director(s) of the company.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2017-11-17CESTATBATA INDIA LTD ---VS.--- SERVICE TAX - DELHI
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Bata India Ltd?

Bata India Ltd (BATAINDIA) has a market capitalisation of Rs 7,973 Cr. at the 2026-10-01 close.

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

Bata India Ltd trades at a P/E of 45.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Bata India Ltd's latest quarterly results?

In the Jun 2026 quarter, Bata India Ltd sales was Rs 979 Cr (+3.9% vs Jun 2025) and net profit was Rs 64 Cr.

What is the 52-week high and low of Bata India Ltd?

The 52-week high is Rs 1,238.00 and the 52-week low is Rs 605.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03