CMP: Rs 460.10
Recommendation : BUY
Target Price : Rs 700
Target Period: 6 Months
Stock Details
Market Cap Rs 6,094.78 Crore
52- wk HI/L Rs 658.35 Rs 438
Avg.Volume (Monthly) 425274.33
Face Value Rs 5 About
Historical Prices Bata India Limited is an India-based company engaged in the manufacturing
1 week 1 month 3 month 6 month 1 year and retailing of footwear and accessories for women, men and kids. The
BSE 488.60 457.15 472.20 589.10 643.13
Gain/Loss Company offers various categories for women and men, which include
-3.01% 3.66% 0.36% -19.5% -26.3%
NSE 487.25 460.25 472.30 587.98 642.58 chappals, closed shoes, sandals, formal shoes and sport shoes. The
Gain/Loss
-2.64% 3.07% 0.44% -19.3% -26.2% Companys women accessories include scarves and handbags. Its men
accessories include bags, belts, wallets, shoe care, foot care, handkerchief
and socks. The Companys brands include Ambassador, Angry Birds, Bata,
Revenue (Rs Crore) Bata Lite, Bata Walks Green, Comfit, Hush Puppies, Marie Claire,
3000 2694
Naturalizer, North Star, Power, Sandak, Scholl, Sparx, Sundrops and
2065.18
1842.45
2000 1542.54 Sunshine, among others. It also operates a non-retail distribution network
1258.08
1000 through its urban wholesale division. The Way Finders Brands Limited
0 (WFBL) is a wholly owned subsidiary of the Company. Bata India gains as
Dec'10 Dec'11 Dec'12 Dec'13 Dec'15
parent company hikes stake.
EBIDTA (Rs Crore) Financial Highlights
500
361.38 343.1
409.7 Bata Indias (Bata) Q1FY16 revenues were up 9.4% YoY to Rs.
400 304.4
300
194.35
680.45 crore (I-direct estimate: 603.5 crore)
200
EBITDA for the quarter declined 11.1% YoY to Rs 86.38 crore on
100
0 account of a 294 bps YoY dip in operating margin to 12.7%. The
Dec'10 Dec'11 Dec'12 Dec'13 Dec'15
operating margin declined owing to higher rental, promotional
schemes and price discounts and higher proportion of traded goods
Profit After Tax(Rs Crore)
225.84 231.2 as a percentage of sales
250
190.7
200 171.6 PAT for the quarter stood at Rs. 92.2 crore, posting growth of
150
95.35 ~55.3% YoY (I-direct estimate: Rs. 53.2 crore). PAT was mainly
100
50 driven by exceptional income of 42.95 crore. Excluding this, there
0
Dec'10 Dec'11 Dec'12 Dec'13 Dec'15 was degrowth in PAT by 17% YoY
For any assistance or help, you may contact us at Phone: (+91) 7411847019, 7411847021, 08123061512 or Email: info@marketindexanalyst.com
Equity Research Report
February 13, 2016
For any assistance or help, you may contact us at Phone: (+91) 7411847019, 7411847021, 08123061512 or Email: info@marketindexanalyst.com
Equity Research Report
February 13, 2016
For any assistance or help, you may contact us at Phone: (+91) 7411847019, 7411847021, 08123061512 or Email: info@marketindexanalyst.com
Equity Research Report
February 13, 2016
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