BATAINDIA

 UPDATE 26-08-18 TIME: 7:30 PM

Bata India

Bata India is a footwear manufacturing company incorporated in 1931. The company was earlier known as Bata Shoe Company, later in 1973 the name was changed to the present one.

The company manufactures footwear for men, women and children. The Company manufactures shoes of various quality such as leather, rubber, canvas and PVC shoes.

Bata Group has worldwide presence across 5 continents, serving 1 million customers per day and operating 4,600 retail stores globally.

Prior to incorporation of Bata footwear were manufactured by handicrafts and small enterprise sectors. The company started with its small operation unit located at Konnagar (near Calcutta) in 1932.

Currently it has five factories located at Batanagar, (West Bengal), Bataganj, (Bihar), Faridabad (Haryana), Peenya (Karnataka) and Hosur (Tamil Nadu).

Today the company is the largest shoe company in India in terms of sales and revenues.  It commands around 35 percent of market share in India. Company’s 98 percent revenue comes from domestic operation. It owns 1250 stores spread across India.

BIL’ manufacturing unit became first Indian shoe company to receive the ISO: 9001 certification. The company currently sells over 45 million pairs of shoes every year and has an annual sales turnover of more than Rs 8000 million (USD 178 million).

Currently the company owns brands like Hush Puppies, Dr Scholls, North Star, Power, Marie Claire, Bubblegummers, Ambassador, Comfit and Wind.

Quarterly Financial Trend & Technicals Long Term Drivers-Quality & Valuation

Performance Today : Inline with Sector

New 52 Week and All time High: Touched a new high of Rs 1,087.60

Consecutive Rise: Stock has been gaining for the last 10 days and has risen 13.35% in the period

Moving Averages: Stock has traded higher than 5 day, 20 day, 50 day, 100 day and 200 day moving average.

Falling Investor Participation: Delivery Vol of 2.91 lacs on 24 Aug has fallen by -0.72% against 5-day avg delivery vol

IndustryConsumer durables

Market cap Rs 12,589 Cr (Mid Cap) — P/E 51.24 / Industry P/E -14.44

Dividend Yield 0.41 % / Debt Equity -0.33 / Return on Equity 16.62 %

Price to Book 8.51 / Net Sales Rs 797.28 cr Net Profit (Quarterly Results – Jun 2018) Rs 82.55 Cr

Standalone Quarterly Results

Total Operating income Jun 2018

797.28

Mar 2018

632.31

26.09%
Net Sales 797.28 632.31 26.09%
Other Operating Income 0.00 0.00
Total Expenditure (Excl Depreciation) 665.46 550.01 20.99%
Raw Material Cost 73.02 58.91 23.96%
Purchase of Finished goods 248.66 264.05 -5.83%
(Increase) / Decrease In Stocks 51.00 -44.06 215.76%
Employee Cost 82.26 80.89 1.70%
Power Cost 0.00 0.00
Manufacturing Expenses 119.51 100.60 18.80%
Selling and Distribution Expenses 0.00 0.00
Other Expenses 91.02 89.62 1.56%
Operating Profit (PBDIT) excl Other Income 131.82 82.30 60.16%
Other Income 11.98 13.71 -12.64%
Operating Profit (PBDIT) 143.80 96.01 49.77%
Interest 0.90 2.04 -55.81%
Exceptional Items 0.00 0.00
Gross Profit (PBDT) 142.89 93.97 52.06%
Depreciation 15.01 16.86 -10.93%
Profit Before Tax 127.88 77.12 65.83%
Tax 45.33 25.03 81.07%
Provisions and contingencies 0.00 0.00
Profit After Tax 82.55 52.08 58.50%
Extraordinary Items 0.00 0.00
Prior Period Expenses 0.00 0.00
Other Adjustments 0.00 0.00
Net Profit 82.55 52.08 58.50%
Equity Capital 64.26 64.26
Face Value (IN RS) 5.00 5.00
Reserves 0.00 0.00
Earnings per share (EPS) 6.42 4.05 58.50%
Diluted Earnings per share 6.42 4.05 58.52%
Operating Profit Margin (Excl OI) 16.53% 13.02% 3.52%
Gross Profit Margin 17.92% 14.86% 3.06%
PAT Margin 10.35% 8.24% 2.12%
Public Share Holdings (%) 0.00% 0.00%
Pledged Promotor Holding (%) 0.00% 0.00%

Share Holding Pattern

Bata India
Bata India