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Bata India Ltd share Price Today

Company details

1,343.30
1,364.60
1,294.00
1,771.45
6M Return -15.57%
1Y Return -13.94%
Mkt Cap.(Cr) 17,438.04
Volume 301,156
Div Yield 1.00%
OI
-
OI Chg %
-
Volume 301,156

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Footwear company Bata India announced Q3FY24 results:

  • Revenue from operations for the quarter stood at Rs 9,035 million vs. Rs 9,002 million (Q3FY23), growth driven by premium categories, despite muted demand.
  • Gross Profit expanded by 119 bps for the quarter ended December 31, 2023
  • Network expansion – 54 net new stores, Franchise & COCO expansion.
  • 36 stores were renovated during the quarter to provide an elevated brand experience.
  • Successful execution of portfolio casualization strategy – Sneaker Studio implemented in 655 Stores.
  • Floatz business continues to do exceptionally well with growth of 65%, enhanced by the Floatz banner in 7 new stores.
  • Robust Ecom performance driving the growth.
  • Launched “Every Walk is a Ramp Walk” campaign enhancing Brand metrics significantly.
  • HPM - Merchandising project and ERP continue to progress.
  • 3PL implemented in Hosur.
  • Nine West is on track for launch in stores Q4FY24 onwards.

Speaking on the Q3FY24 performance, Gunjan Shah, MD and CEO - Bata India stated: “Despite persistent market headwinds accentuated in discretionary spending, we continued to invest in new product launches, enhancing customer experience and expanding our reach across channels & markets.

We saw handsome growth in Red Label, Floatz, Comfit, and Hush Puppies. Our strategy for premiumization continues progressively.

Prudent expansion of our Retail Network and marketing investments continue to be our key strategy. We launched our latest campaign “Every Walk is a Ramp Walk” which has met encouraging response and impact on the Brand.

We would continue to focus on efficiency and productivity backed by digital transformation for future readiness with cautious optimism.”

 

Result PDF

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Bata India Ltd shares SWOT Analysis

Strengths (10)

  • Rising Net Cash Flow and Cash from Operating activity
  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Near 52 Week Low

Opportunity (0)

Data not found

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 1,366.5
R2 1,376.2
R3 1,387.8
Pivot

1,354.88

S1 1,345.2
S2 1,333.6
S3 1,323.9
EMA SMA
1,348.5
1,366.5
1,414.6
1,482.1
1,341.1
1,355.8
1,415.6
1,527.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-25 1814.55 139149 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-25 1814.55 18881 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-25 1814.55 139149 BSE
Name Category Shares
Bata (BN)B V PROMOTER 50.16%

OUR RESEARCH VIEW

Investment recommendation
Call Date
16 Feb 2023
Entry Price 1,450.00
Target Price 1,640.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Bata India Ltd Stocks COMPARISON

Financials( in Cr) Bata India Ltd Metro Brands Ltd Relaxo Footwears Ltd Campus Activewear Ltd Mayur Uniquoters Ltd
Price 1,356.75 1,160.05 807.80 250.30 533.35
% Change 0.08 0.55 -1.02 -1.67 0.78
Mcap Cr 17,438.04 31,543.38 20,109.29 7,640.56 2,344.23
Revenue TTM Cr 3,451.57 2,127.10 2,782.77 1,484.25 775.63
Net Profit TTM Cr 323.00 363.35 154.47 117.12 104.21
PE TTM 60.23 75.62 101.34 97.70 19.00
1 Year Return -13.94 21.07 -7.73 -30.24 11.17
ROCE 19.59 24.80 11.61 22.88 17.66
ROE 19.86 25.84 8.55 23.91 14.27
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,438.21 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,096.78 -22,281.88
LAST 3M 110,800.06 -33,313.91
LAST 6M 173,547.28 46,069.63
LAST 12M 272,715.78 126,515.39
Board Meeting for Today

May 29, 2024 l Board Meetings for Today

NSE Board Meetings Forthcomming

May 29, 2024 l NSE Board Meetings Forthcomming

Bata India Limited - Other General Purpose

May 27, 2024 l NSE Announcement

Date Action Type Ratio
Aug 03, 2023 Dividend 270
Aug 04, 2022 Dividend 1010
Aug 04, 2022 Dividend 80

Bata India Ltd Information

Stock PE (TTM)
60.23
Promoter Holding
50.16%
Book Value
109.1669
ROCE
19.59%
ROE
19.86%
Description
  • Bata India Ltd is in the Leather sector is having a market capitalization worth Rs. 21,942.94 crores, it is incorporated in the year 1931. It has reported consolidated sales of Rs. 267.05 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500043, and also listed on the National Stock Exchange (NSE) with the code BATAINDIA.

    Bata India Ltd is primarily involved in the manufacturing and marketing of footwear and related accessories through widespread retail and wholesale networks. Bata India has installed a total of four manufacturing units around the country having a manufacturing capacity of twenty-one million pairs per annum. Bata India has a widespread network of 1526 retail stores around the country. Bata India is India’s second-largest shoe producer. Bata India contributed Rs. 13 lakhs to the PM Cares Covid Fund. The Batanagar employees also served over 1,10,000 meals to the under-served people during the pandemic. The company receives support from its holding company- Bata (BN) B.V., Amsterdam. The promoters of the company own 52.96% of the stake, Foreign Institutional Investors (FII) own 5.23%, Domestic Institutional Investors (DII) own 27.3% stake in the company, and others (such as public & retail investors) hold the balance of 14.51%.

    In June 2021, quarterly net revenue was Rs. 267.05 crores, which has increased by approximately 98.12 % from Rs. 134.79 crores for the April-June 2020 quarter. The quarterly net loss in June 2021 was Rs. 71.32 crores, which has improved and increased by nearly 29.48% from a net loss of Rs. 101.13 crores in June 2020. In June 2021, the reported operating profit was at Rs. 184.06 crores, which is also increased by 40.44% as compared to an operating profit of Rs. 131.06 crores for the quarter ending in June 2020. From a negative EPS of Rs. 7.87 in June 2020, the EPS of Bata India Ltd has risen to a negative EPS of Rs. 5.55 per share in June 2021. BATAINDIA's stock closed at Rs. 1,707.25 on 26th August’2021 (NSE). Bata India Ltd has returned 15.15% in the last six months and returned 26.36% positively in the previous year.

Registered Address

27B Camac Street, 1st Floor, Kolkata, West Bengal, 700016

Tel : 91-033-2301 4400
Email : share.dept:bata.com
Website : http://www.bata.in
Registrar

R & D Infotech Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 500043
NSE Code : BATAINDIA
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE176A01028

FAQ’s on Bata India Ltd Shares

You can buy Bata India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bata India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 28, 2024 03:58 PM the closing price of Bata India Ltd was Rs.1,356.75.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 28, 2024 03:58 PM, the market cap of Bata India Ltd stood at Rs. 17,438.04.

The latest PE ratio of Bata India Ltd as of May 28, 2024 03:58 PM is 60.23

The latest PB ratio of Bata India Ltd as of May 28, 2024 03:58 PM is 0.08

The 52-week high of Bata India Ltd share price is Rs. 1,771.45 while the 52-week low is Rs. 1,294.00

According to analyst recommendations, Bata India Ltd Share has a "Buy" rating for the long term.

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