Bata India Limited (BATAINDIA)

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Bata India Limited (BATAINDIA) · mywealthgrid

About

Bata India: footwear player in Consumer Discretionary sector. Market cap ₹9,710.75 Cr, quarterly revenues ₹800–979 Cr. Maintains operating margins 18–23% with zero debt.

Face value: ₹5

Market cap

₹7,877 Cr

P/E

53.9×

P/B

4.9×

Dividend yield

5.5%

ROE

8.5%

ROCE

12.8%

Debt / equity

OPM

20.1%

EPS (TTM)

₹11.4

Book value

₹124.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE ratio 66.43 extremely stretched. Stock fell 36% in one year despite stable margins—valuation reset risk ahead.

Mar 2026 net profit crashed to ₹2.07 Cr from ₹66 Cr in Dec 2025, even with OPM at 18%. Verify nature of below-the-line drains or one-time items.

EPS swings violently: ₹5.14 (Dec 2025) → ₹0.16 (Mar 2026) → ₹4.96 (Jun 2026). Identify if seasonal, one-time, or structural.

ROE 8.47% is low—weak capital efficiency relative to book value.

Generated analysis · source review pending

Growth drivers

Revenue grew 18% QoQ in Dec 2025 (₹944.68 Cr vs ₹801.33 Cr in Sep) and 18% again from Mar 2026 (₹827.63 Cr) to Jun 2026 (₹978.95 Cr); verify if demand-driven or seasonal.

Operating margins held 18–23% across quarters with volatile net profit—indicates stable cost structure; verify if durability can support expansion.

Zero debt (D/E = 0) and active dividend payments provide financial capacity for growth investments; verify management's capex and marketing strategy.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹613.0-1.2%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 20.1%
+Revenue CAGR of 15.5% over the last 5 years
+Almost debt-free (debt/equity 0)
+Dividend yield of 5.5%

Cons

−Profit declined 25.4% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

37/100

Business quality: 41
Growth: 28
Valuation: 41

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET NIFTY CONSUMER DURABLES

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,456	2,504	2,641	2,931	3,056	1,708	2,388	3,452	3,479	3,489	3,516
COGS	—	867	933	1,006	1,297	838	1,087	1,514	1,492	1,524	1,572
Gross profit	—	1,638	1,708	1,925	1,760	871	1,301	1,938	1,986	1,964	1,944
	2,180	1,359	1,357	1,448	927	709	882	1,144	1,200	1,227	1,237
	276	279	351	477	832	162	418	794	786	737	707
OPM %	11.2%	11.1%	13.3%	16.3%	27.2%	9.5%	17.5%	23%	22.6%	21.1%	20.1%
Depreciation	79	65	60	64	296	265	242	295	339	371	420
Interest	2	4	4	4	118	104	93	108	117	128	135
	-48	68	50	68	69	89	56	39	21	189	30
Profit before tax	297	234	337	478	487	-117	140	430	351	426	182
Tax	79	75	117	149	158	-27	37	107	88	96	48
Tax %	26.7%	32%	34.6%	31.1%	32.5%	-23.4%	26.3%	24.9%	25.1%	22.5%	26.3%
	217	159	221	329	329	-89	103	323	263	331	134
PAT margin %	8.9%	6.4%	8.4%	11.2%	10.8%	-5.2%	4.3%	9.4%	7.6%	9.5%	3.8%
EPS (₹)	16.9	—	—	—	25.6	-7	8	25.1	20.4	25.7	10.4
EPS adjusted (₹)	—	—	—	25.6	25.6	-7	8	25.1	20.4	25.7	10.4
	20.7%	—	—	—	15.6%	—	680.4%	53.7%	58.8%	73.8%	86.2%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	64	64	64	64	64	64	64	64
Reserves	1,678	1,830	1,694	1,750	1,374	1,463	1,511	1,531
Minority interest	—	—	—	—	—	—	0	—
	—	—	—	—	0	0	0	0
	732	1,839	1,574	1,710	1,833	1,823	2,248	2,183
Total equity & liabilities	2,474	3,732	3,332	3,525	3,272	3,350	3,823	3,778
	317	337	290	305	1,392	1,509	1,800	1,651
CWIP	17	20	29	4	2	2	14	4
Investments	0	—	—	0	1	1	1	36
	2,140	3,376	3,013	3,216	1,878	1,839	2,008	2,087
Total assets	2,474	3,732	3,332	3,525	3,272	3,350	3,823	3,778

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	65.7%	57.6%	51%	54.5%	56.1%	57.1%	56.3%	55.3%
EBITDA margin %	16.3%	27.2%	9.5%	17.5%	23%	22.6%	21.1%	20.1%
EBIT margin %	14.1%	17.5%	-6%	7.4%	14.5%	12.8%	10.5%	8.1%
PAT margin %	11.2%	10.8%	-5.2%	4.3%	9.4%	7.6%	9.5%	3.8%
Working capital
Receivable days	8	8	17	11	9	8	12	19
Inventory days	304	246	265	292	218	227	195	164
Payable days	—	—	192	153	99	73	84	77
NWC days	—	—	90	150	128	162	123	107
Leverage
Current ratio	2.92	2.5	2.61	2.45	1.96	2.08	1.84	1.72
Debt to EBITDA	—	—	—	—	0	0	0	0
Debt to equity	—	—	—	—	0	0	0	0
Interest coverage	135.6	5.1	-0.1	2.5	5	4.3	3.4	2.7
Asset turnover	1.18	0.82	0.51	0.68	1.05	1.04	0.91	0.93
Return ratios
Return on assets %	13.3%	8.8%	-2.7%	2.9%	9.9%	7.8%	8.6%	3.6%
Return on capital employed %	26.1%	25.3%	-0.3%	8.7%	20.9%	20.1%	15.7%	12.8%
Return on equity %	18.9%	17.4%	-5.1%	5.7%	22.5%	17.2%	21%	8.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	50.16%	50.16%	50.16%	50.16%	50.16%	50.16%	50.16%	50.16%	50.16%	50.16%	50.16%	50.16%
	7.51%	7.88%	8.24%	7.63%	8.81%	7.48%	6.93%	6.89%	6.89%	6.18%	6.43%	6.38%
	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%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	12.36%	12.27%	13.28%	14.69%	13.91%	13.21%	13.45%	13.61%	13.56%	14.35%	15.02%	16.23%
No. of shareholders	—	—	—	—	—	—	—	—	2,36,169	2,39,885	2,41,836	2,45,930

Promoter holding up 0 percentage points since Sep 2023.

44 deals · 1 Jun 2022 – 25 Oct 2022

Date	Client	Type	Venue	Side	Quantity	Price	Value
25 Oct 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	BSE	Buy	1,39,149	₹1,814.55	₹25.25 Cr
25 Oct 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	BSE	Sell	1,39,149	₹1,814.55	₹25.25 Cr
25 Oct 2022	ISHARES MSCI INDIA SMALL-CAP ETF	Block	BSE	Buy	18,881	₹1,814.55	₹3.43 Cr
25 Oct 2022	ISHARES INDIA SC MAURITIUS COMPANY	Block	BSE	Sell	18,881	₹1,814.55	₹3.43 Cr
17 Oct 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	BSE	Sell	1,39,014	₹1,785.35	₹24.82 Cr
17 Oct 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	BSE	Buy	1,39,014	₹1,785.35	₹24.82 Cr
17 Oct 2022	ISHARES MSCI INDIA SMALL-CAP ETF	Block	BSE	Buy	18,860	₹1,785.35	₹3.37 Cr
17 Oct 2022	ISHARES INDIA SC MAURITIUS COMPANY	Block	BSE	Sell	18,860	₹1,785.35	₹3.37 Cr
11 Oct 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	BSE	Buy	67,966	₹1,781.15	₹12.11 Cr
11 Oct 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	BSE	Sell	67,966	₹1,781.15	₹12.11 Cr

1–10 of 44

1 / 5

Mr. Ashwani WindlassNon-Executive - Independent Director-Chairperson
Ms. Radha RajappaNon-Executive - Independent Director
Mr. Ashok Kumar BaratNon-Executive - Independent Director
Mr. Mukesh Hari ButaniNon-Executive - Independent Director
Mr. Shaibal SinhaNon-Executive - Non Independent Director
Mr. Gerd GraehslerNon-Executive - Non Independent Director
Mr. Gunjan Dineshkumar ShahExecutive Director-CEO-MD
Mr. Amit AggarwalExecutive Director
Mr. Sanjay Sarvotham RaoExecutive Director
Mr. Nitin BagariaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 8 fund houses

Held by these funds

1.88%

of the company's equity

All mutual funds

15.68%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

24 schemes · 8 fund houses

		Shares
Growth Mid Cap FundNEW	Nippon India Mutual Fund	19 L	129.66	0.25%	1.479%	—
Portfolio of Kotak Special Opportunities Fund	Kotak Mahindra Mutual Fund	2.51 L	17.16	1.01%	0.196%	-0
Nifty Smallcap 250 Index Fund	Nippon India Mutual Fund	1.02 L	6.94	0.2%	0.079%	+1,244
Nifty Smallcap 250 Index Fund	SBI Mutual Fund	51,706	3.53	0.2%	0.04%	+577
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	37,482	2.56	0.2%	0.029%	+340
Nifty Smallcap 250 Index Fund	ICICI Prudential Mutual Fund	22,805	1.56	0.2%	0.018%	+461
Nifty 500 Equal Weight Index Fund	Nippon India Mutual Fund	15,390	1.05	0.2%	0.012%	+8
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	10,177	0.69	0.02%	0.008%	+349

1–8 of 24

1 / 3

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

23

Interim dividend19 Aug 2026 · ex-date₹25
Dividend dividend31 Jul 2026 · ex-date₹9
Final dividend1 Aug 2025 · ex-date₹9
Interim dividend16 Aug 2024 · ex-date₹10
Final dividend31 Jul 2024 · ex-date₹12
Dividend dividend3 Aug 2023 · ex-date₹13.5
Dividend dividend4 Aug 2022 · ex-date₹4
Special dividend4 Aug 2022 · ex-date₹50.5
Dividend dividend4 Aug 2021 · ex-date₹4
Dividend dividend29 Jul 2020 · ex-date₹4
Dividend dividend22 Jul 2019 · ex-date₹6.25
Dividend dividend9 Jul 2018 · ex-date₹4
Dividend dividend6 Jul 2017 · ex-date₹3.5
Dividend dividend19 Jul 2016 · ex-date₹3.5
Dividend dividend20 Jul 2015 · ex-date₹6.5
Dividend dividend5 May 2014 · ex-date₹6.5
Dividend dividend17 May 2013 · ex-date₹6
Dividend dividend14 May 2012 · ex-date₹5
Special dividend14 May 2012 · ex-date₹1
Dividend dividend10 Jun 2011 · ex-date₹4
Dividend dividend6 May 2010 · ex-date₹3
Dividend dividend7 May 2009 · ex-date₹2.5
Dividend dividend29 May 2008 · ex-date₹2

1

Board meeting to consider results11 Aug 2026

1

Face value ₹10 → ₹57 Oct 2015 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

125 announcementsExport CSV

30 Sept 2026, 7:00 pmCompany Update

Disclosure Under Regulation 30(5) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	65.7%	57.6%	51%	54.5%	56.1%	57.1%	56.3%	55.3%
EBITDA margin %	16.3%	27.2%	9.5%	17.5%	23%	22.6%	21.1%	20.1%
EBIT margin %	14.1%	17.5%	-6%	7.4%	14.5%	12.8%	10.5%	8.1%
PAT margin %	11.2%	10.8%	-5.2%	4.3%	9.4%	7.6%	9.5%	3.8%
Working capital
Receivable days	8	8	17	11	9	8	12	19
Inventory days	304	246	265	292	218	227	195	164
Payable days	—	—	192	153	99	73	84	77
NWC days	—	—	90	150	128	162	123	107
Leverage
Current ratio	2.92	2.5	2.61	2.45	1.96	2.08	1.84	1.72
Debt to EBITDA	—	—	—	—	0	0	0	0
Debt to equity	—	—	—	—	0	0	0	0
Interest coverage	135.6	5.1	-0.1	2.5	5	4.3	3.4	2.7
Asset turnover	1.18	0.82	0.51	0.68	1.05	1.04	0.91	0.93
Return ratios
Return on assets %	13.3%	8.8%	-2.7%	2.9%	9.9%	7.8%	8.6%	3.6%
Return on capital employed %	26.1%	25.3%	-0.3%	8.7%	20.9%	20.1%	15.7%	12.8%
Return on equity %	18.9%	17.4%	-5.1%	5.7%	22.5%	17.2%	21%	8.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Metro Brands LimitedMETROBRANDMETROBRAND	₹22,721 Cr	₹22,721 Cr	₹2,311 Cr	₹719 Cr	30.3%	₹339 Cr	14.5%	21.4%	22.2%	188
Bata India LimitedBATAINDIABATAINDIA	₹7,877 Cr	₹7,877 Cr	₹3,553 Cr	₹712 Cr	20.1%	₹146 Cr	3.8%	12.8%	8.5%	107
Relaxo Footwears LimitedRELAXORELAXO	₹7,102 Cr	₹7,102 Cr	₹2,753 Cr	₹383 Cr	13.8%	₹185 Cr	6.6%	11.1%	8.3%	138
Campus Activewear LimitedCAMPUSCAMPUS	₹6,292 Cr	₹6,467 Cr	₹1,194 Cr	₹242 Cr	20.2%	₹125 Cr	10.4%	38.1%	33.8%	137
Redtape LimitedREDTAPEREDTAPE	₹1,593 Cr	₹1,979 Cr	₹2,436 Cr	₹438 Cr	14.4%	₹246 Cr	10%	31.8%	26.6%	240
Sreeleathers LimitedSREELSREEL	₹679 Cr	₹679 Cr	₹258 Cr	₹38 Cr	13.6%	₹33 Cr	11.6%	7.8%	6%	-6
Liberty Shoes LimitedLIBERTSHOELIBERTSHOE	₹369 Cr	₹448 Cr	₹737 Cr	₹62 Cr	8.7%	₹9 Cr	1.5%	9%	4.9%	171
Lehar Footwears LtdLEHARLEHAR	₹351 Cr	₹403 Cr	₹147 Cr	₹8 Cr	9%	₹1 Cr	4.8%	24.5%	17%	86
Khadim India LimitedKHADIMKHADIM	₹209 Cr	₹330 Cr	₹349 Cr	₹45 Cr	13.4%	₹3 Cr	0.8%	9.3%	1.5%	216
Ksr Footwear LimitedKSRKSR	₹69 Cr	₹85 Cr	₹200 Cr	₹-3 Cr	-4.2%	₹-8 Cr	-6.4%	-13.8%	-16.9%	70
Sarup Industries LtdSARUPINDUSSARUPINDUS	₹36 Cr	₹72 Cr	₹10 Cr	₹-0 Cr	9.3%	₹-4 Cr	3.5%	4%	—	1,752
Marc Loire Fashions LtdMARCLOIREMARCLOIRE	₹28 Cr	—	₹35 Cr	₹2 Cr	6.8%	₹2 Cr	5%	—	—	—

Date	Category	Subject	Filing
30 Sept 2026, 7:00 pm	Company Update General	Disclosure Under Regulation 30(5) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
30 Sept 2026, 6:39 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
21 Sept 2026, 5:34 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
17 Sept 2026, 3:06 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
9 Sept 2026, 3:02 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
2 Sept 2026, 6:56 pm	Company Update General	Details Of Lodgement And Re-Lodgement Of Physical Shares	PDF
24 Aug 2026, 6:32 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
24 Aug 2026, 11:09 am	Company Update General	Disclosure Under Regulation 30(5) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	204	257	160	345	582	461	212	629	453	738	595
	-114	-229	-112	-278	-189	-53	93	439	40	53	-257
	-52	-56	-56	-63	-436	-369	-341	-1,011	-518	-638	-531
Net cash flow	37	-28	-7	4	-43	39	-37	57	-24	153	-194
Free cash flow	163	205	82	263	496	424	163	533	352	665	529
CFO / Operating profit %	73.8%	92.1%	45.6%	72.3%	69.9%	284.3%	50.5%	79.2%	57.7%	100.1%	84.2%

Bata India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

23

1

1

Announcements

23

1

1

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Bata India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends23

Board meetings1

Stock splits1

Announcements

Dividends23

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

23

1

1

23

1

1