Fin Cascade

Prices as of 9 Oct 2026 close · Not investment advice

Bata India Limited

NSE: BATAINDIAFootwear

Share price

₹613.25

+1.64% close of 9 Oct 2026

Market cap ₹7,850 CrP/E 45.1

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

55

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹7,850 Cr

P/E ratio

45.1

P/B ratio

4.9

ROCE

12.7%

ROE

10.6%

Dividend yield

4.1%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹1,172.3052-week low ₹603.35

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 1.9% over the past year, and 7.9% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 22.4% to 19.9% over the last four years.

Whether it grew faster than its sector

It grew 7.9% a year against a sector median of 11.3% — 3.3 percentage points slower.

Room to re-rate, or risk of de-rating

At 45.1× earnings it costs 1.9× the market, which pays 24.1× across 2199 companies we can price. Its own industry sits at 38.4×, across 5 companies. It is against its own five-year median of 66.3×, the 1st percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
Bata India Limited — this one-19%/yr45.1×—
Metro Brands Limited5%/yr57.8×₹11.6
Relaxo Footwears Limited5%/yr38.4×₹7.7
Redtape Limited19%/yr25.4×₹1.3
Campus Activewear Limited9%/yr39.1×₹4.3
Sreeleathers Limited-4%/yr19.4×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Footwear), it ranks 4 of 8 on returns, 6 of 8 on growth, 2 of 8 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 12.7% on capital, ahead of 50% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹2627 crore of cash from the business, spent ₹369 crore on plant and equipment, and returned ₹3039 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 186 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 33 days for its cash to waiting 17 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 10 checks clear · 90%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Hit the 80% store-revamp coverage goal, but converted 775 stores against the 800-850 planned

Announced 11 Aug 2026 · Consolidated · Unaudited

Revenue

₹979 Cr

Revenue vs last year

+3.9%

Revenue vs last quarter

+18.3%

Net profit

₹64 Cr

Profit vs last year

+23.0%

Profit vs last quarter

+2795.2%

Net margin

6.5%

EPS

₹4.98

Earnings call transcript · 13 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹7,850 Cr
Prev close
₹613.25
52w High
₹1,195
52w Low
₹600
Enterprise value
₹8,706 Cr
Beta
0.9
Price CAGR 1y
-50.0%
Price CAGR 3y
-28.0%
Price CAGR 5y
-21.0%
Price CAGR 10y
2.0%

Ratios

Return on assets
3.5%
PEG ratio
-2.4
P/E ratio
45.1
P/B ratio
4.9
EV / EBITDA
12.2
Industry P/E
40.5
ROCE
12.7%
ROCE 5y average
15.0%
ROE
10.6%
Debt / Equity
0.9
Interest coverage
2.2
Dividend yield
4.1%
ROE 3y average
14.0%
ROE last year
11.0%

Annual P&L

Annual revenue
₹3,516 Cr
Annual profit
₹134 Cr
Operating margin
21.0%
Net profit margin
3.8%
EBITDA margin
20.6%
Sales growth 3y
0.6%
Sales growth 5y
15.5%
Profit growth 3y
-19.0%
Profit growth 5y
32.0%
EPS
₹10.4
Sales growth TTM
2.0%
Profit growth TTM
-21.0%
Dividend payout
86.0%

Quarter P&L

Sales latest quarter
₹979 Cr
Profit latest quarter
₹64 Cr
YoY quarterly sales growth
3.9%
YoY quarterly profit growth
23.1%
OPM latest quarter
20.8%

Balance Sheet

Book Value
₹125
Face Value
₹5.0
Total debt
₹1,387 Cr
Total cash
₹496 Cr
Borrowings
₹1,387 Cr
Reserves / Equity
23.9

Cash Flow

Operating cash flow
₹595 Cr
Free cash flow
₹530 Cr
FCF yield
4.9%
Net cash flow
-₹194 Cr

Shareholding

Promoter holding
50.2%
FII holding
6.4%
DII holding
27.2%
Public holding
16.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Metro Brands825.1055.322,4730.7395.3-4.8720.414.720.1
Bata India615.1045.47,8964.0664.015.9979.03.912.7
Relaxo Footwear287.7538.77,1731.2254.912.3705.17.711.2
Campus Activewe.208.3741.46,3730.7226.117.8385.212.221.2
Redtape113.6325.56,2821.7644.515.2481.33.624.5
Sreeleathers287.3519.86490.707.0138.659.619.77.0
Liberty Shoes216.4843.23680.000.7-77.0169.9-1.77.9
Median208.3741.46490.7016.613.8277.55.812.7

Competes with: Campus Activewear Limited, Khadim India Limited, Liberty Shoes Limited, Metro Brands Limited, Redtape Limited, Relaxo Footwears Limited, Sreeleathers Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales958819903798945837919788942801945828979
Expenses719637721616760663719610743656733677775
Material Cost586365495661
Change in Inventories-4881-5295-2552
Purchases of Stock-in-Trade322294344272329330
Employee Cost124116111111113114
Other Expenses153189188206203218
Operating Profit240182182182185174200178199145212151204
OPM %25222023202122232118221821
Other Income13-25112215118-123121313-818
Exceptional items (within Other Income)0-4.78-8.27-7.93-280
Interest28282931313231353534323433
Depreciation81828690879090104106105104105103
Profit before tax144467883217707762701989486
Tax %26262623202624262628264226
Net Profit107345864174525946521466264
EPS in Rs8.322.644.514.95144.044.573.574.051.085.140.174.98
Diluted EPS in Rs3.574.051.085.140.174.98

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015 15mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,6942,4232,4742,6342,9313,0561,7082,3883,4523,4793,4893,5153,553
Expenses2,3432,1292,1782,2712,4412,2101,5401,9602,6472,6822,7382,7902,841
Material Cost260233
Change in Inventories117100
Purchases of Stock-in-Trade1,1481,239
Employee Cost462452
Other Expenses765785
Operating Profit351294296364490846169427804797751726712
OPM %13121214172810182323222120
Other Income759718496666875439191882436
Exceptional items (within Other Income)123-49
Interest181615151412910899118126141147132
Depreciation7979656064296265242295339371420417
Profit before tax329297234337478487-117140430351426182198
Tax %302732353132-232625252226
Net Profit231217159221329329-89103323263331134146
EPS in Rs181712172626-6.958.012520261011
Diluted EPS in Rs2610
Dividend Payout %182128232416-5868054597486

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
4%
5 years
16%
3 years
1%
TTM
2%

Compounded profit growth

10 years
0%
5 years
32%
3 years
-19%
TTM
-21%

Stock price CAGR

10 years
2%
5 years
-21%
3 years
-28%
1 year
-50%

Return on equity

10 years
13%
5 years
13%
3 years
14%
Last year
11%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 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

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 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

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 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 %342222253125-0820191513

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters505050505050505050505050
FIIs7.517.888.247.638.817.486.936.896.896.186.436.38
DIIs303028282729292929292827
Public121213151413131414141516
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

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -47.5% (₹1,169.00 → ₹613.25)Brick size ₹13.94 (fixed)Bricks 92
₹800₹1,000₹613Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹613.25 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

856inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

97,59,811inr

2026-03-31

stores / outlets at period end

2,000count

2026-06-30

News

News and filings about Bata India Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Uses as raw material

  • EVA (ethylene-vinyl acetate)
  • PVC / PU polymeric materials
  • canvas / textiles
  • footwear chemicals (polyurethane resin, polychloroprene rubber, polyamide resin, wattle extract)
  • leather / raw hides
  • rubber

Depends on the price of

  • Crude Oil Brent
  • rubber

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Consumer Durables
Industry
Footwear
Classification
Consumer Durables › Footwear
ISIN
INE176A01028

Plants

  • Bataganj manufacturing facility · Bataganj / Patna, Bihar
  • Batanagar factory · Batanagar / Kolkata metropolitan area, West Bengal
  • Hosur manufacturing facility · Hosur, Tamil Nadu
  • Peenya manufacturing facility

News impact

Big market events that reach Bata India Limited, and how the effect spreads.

16 Sept, 10:57 IST · Market event · medium impact

UK, EU trade pacts to boost India’s leather exports

New UK and EU trade pacts should lift India's leather and shoe exports toward $5.5 billion, helping shoemakers like Bata, Mayur and Red Tape, with no clear losers except rival exporting countries.

Consumer Durables

Who it hits first

  • Indian leather and footwear exporters get cheaper access to the UK and EU — two of their biggest buyers — as trade pacts cut import duties; the leather export council (CLE) expects footwear exports alone to reach $5.5 billion.
  • No listed company was named in the report, so the boost lands sector-wide on shoemakers and leather-goods makers rather than on one stock.

Who may gain

  • Listed shoemakers and leather-linked makers: Mayur Uniquoters (artificial leather for shoes and furnishings), Bata India (India's largest shoe retailer, with an export arm), and Red Tape (footwear brand with overseas sales).
  • Unlisted tannery clusters (Chennai, Kanpur, Kolkata) and shipping/logistics firms gain from higher export volumes.

Along the supply chain

Downstream

UK and EU retailers and distributors get cheaper Indian shoes to stock; Indian ports and freight firms handle higher footwear cargo volumes.

Upstream

Tanneries, leather-chemical makers and shoe-component suppliers in Tamil Nadu, UP and West Bengal get more orders as exporters scale up; hides and chemical input demand rises.

Where demand moves

Business

UK and EU shoe buyers shift part of their orders from Bangladesh, Vietnam and China to Indian makers as duties fall; Indian tanneries and component makers (soles, laces, cartons) see more orders in turn.

Capital

Export-theme money rotates toward high-export consumer names and leather pure-plays; small sentiment lift for the wider Consumer Durables pack on pro-trade headlines.

How it spreads across sectors

Consumer Durables

Footwear and leather-goods makers gain export demand; sentiment spillover to other export-heavy durables.

Services

Small lift for logistics and freight handlers on higher export cargo.

Textiles

Mild positive readthrough — apparel exporters share the same UK/EU buyers and benefit from the same pro-trade mood.

Commodity angle

Cc skip reason

no_commodity_link

When it plays out

Immediate

1-7 days: sentiment pop for leather and footwear stocks on the headline; exporters' commentary in business press.

Medium term

1-6 months: export orders convert to shipments and revenue; footwear export data shows whether the $5.5 billion run-rate is on track.

Short term

1-4 weeks: tariff details and product lists emerge; order enquiries from UK/EU buyers pick up; stocks re-rate on confirmed numbers or fade if details disappoint.

Who it hits first

  • FTA grants tariff concessions on bilateral $1.75bn trade — primary beneficiaries leather, agri, apparel exporters; risk to dairy

Who may gain

  • Indian leather and footwear exporters (Bata, Superhouse), textile (KPRMill); minor positive for general logistics

Along the supply chain

Downstream

NZ dairy distribution would compete with Indian milk powder market

Upstream

Leather tanning value chain in Tamil Nadu, UP gains

Where demand moves

Business

Indian leather exports to NZ tariff-free; reciprocal NZ dairy exports possible

Capital

Niche thematic — limited large-cap participation

How it spreads across sectors

Logistics

Modest container traffic uplift via Vizag/Chennai-Auckland routes

When it plays out

Immediate

Niche leather/textile names rally on Monday

Medium term

Trade volumes ramp over 2-3 years

Short term

Tariff schedule analysis week 2-4

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

19 Aug 2026interim₹25
31 Jul 2026unspecified₹9
1 Aug 2025unspecified₹9
16 Aug 2024interim₹10
31 Jul 2024unspecified₹12
3 Aug 2023unspecified₹13.5
4 Aug 2022unspecified₹4
4 Aug 2022special₹50.5

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.