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Bata India Ltd
(BATAINDIA)
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Rating:57Neutral
Price Target:
₹694.00
▲(0.75% Upside)
Action:Reiterated
Date:06/19/26
The score is anchored by solid cash generation, but is weighed down by a sharp FY2026 profitability/ROE decline and limited revenue growth. Technical signals are neutral-to-weak (negative MACD and still below the 200-DMA), and valuation is a major headwind due to the very high P/E with only modest dividend support.
Positive Factors
Strong cash generation
Consistent positive operating cash flow and a notable rise in FY2026 free cash flow support durable internal funding for capex, dividends, and deleveraging. High FCF relative to earnings (FCF to net income ~0.89 in FY2026) indicates earnings are substantially backed by cash, improving long-term financial resilience.
Negative Factors
Stagnant revenue growth
Several years of broadly flat revenue limit the company's ability to leverage fixed costs, expand margins, and generate scale benefits. Low single-digit growth constrains long-term top-line-driven value creation and makes profitability improvements more dependent on mix changes or efficiency gains rather than organic volume expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent positive operating cash flow and a notable rise in FY2026 free cash flow support durable internal funding for capex, dividends, and deleveraging. High FCF relative to earnings (FCF to net income ~0.89 in FY2026) indicates earnings are substantially backed by cash, improving long-term financial resilience.
Read all positive factors
Bata India Ltd (BATAINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹85.39B
Dividend Yield5.15%
Average Volume (3M)51.48K
Price to Earnings (P/E)58.1
Beta (1Y)1.00
Revenue Growth1.91%
EPS Growth-29.92%
CountryIN
Employees4,073
SectorGeneral
Sector StrengthN/A
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)11.37
Shares Outstanding128,527,540
10 Day Avg. Volume9,895
30 Day Avg. Volume51,483
Financial Highlights & Ratios
PEG Ratio-0.98
Price to Book (P/B)4.89
Price to Sales (P/S)2.22
P/FCF Ratio14.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)16.64
Revenue Forecast (FY)₹37.37B
Bata India Ltd Business Overview & Revenue Model
Company Description
Bata India Limited is primarily involved in the creation and distribution of footwear and assorted accessories. The company conducts its business through both manufacturing and trading, reaching customers via an extensive network of retail outlets...
How the Company Makes Money
Bata India primarily makes money by selling footwear and related accessories in India through a mix of (1) retail sales via its network of Bata-branded stores (including company-owned stores and franchisee-operated stores), (2) e-commerce/digital ...
Bata India Ltd Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
62
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.53B | 35.15B | 34.89B | 34.79B | 34.52B | 23.88B |
| Gross Profit | 11.09B | 10.71B | 19.52B | 19.72B | 19.24B | 12.86B |
| EBITDA | 7.30B | 7.37B | 4.58B | 5.22B | 5.59B | 2.36B |
| Net Income | 1.46B | 1.34B | 3.31B | 2.63B | 3.23B | 1.03B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 37.78B | 38.23B | 33.50B | 32.72B | 35.25B |
| Cash, Cash Equivalents and Short-Term Investments | 5.26B | 5.31B | 6.30B | 4.04B | 5.27B | 9.67B |
| Total Debt | 0.00 | 13.87B | 14.46B | 13.57B | 12.46B | 10.94B |
| Total Liabilities | -15.96B | 21.83B | 22.48B | 18.23B | 18.33B | 17.10B |
| Stockholders Equity | 15.96B | 15.96B | 15.75B | 15.27B | 14.38B | 18.15B |
Cash Flow | ||||||
| Free Cash Flow | 2.40B | 5.47B | 7.02B | 3.52B | 5.33B | 1.63B |
| Operating Cash Flow | 2.65B | 6.13B | 7.75B | 4.53B | 6.29B | 2.12B |
| Investing Cash Flow | -1.32B | -2.93B | 150.94M | 403.55M | 4.39B | 928.03M |
| Financing Cash Flow | -3.29B | -5.13B | -6.37B | -5.18B | -10.11B | -3.41B |
Bata India Ltd Technical Analysis
Negative
688.85
Price Trends
677.18
Negative
674.41
Negative
741.50
Negative
Market Momentum
-5.42
Positive
37.74
Neutral
12.42
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BATAINDIA, the sentiment is Negative. The current price of 688.85 is below the 20-day moving average (MA) of 691.14, above the 50-day MA of 677.18, and below the 200-day MA of 741.50, indicating a bearish trend. The MACD of -5.42 indicates Positive momentum. The RSI at 37.74 is Neutral, neither overbought nor oversold. The STOCH value of 12.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BATAINDIA.
Bata India Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹83.10B | 43.71 | ― | 0.90% | 2.11% | 5.98% | |
60 Neutral | ₹66.33B | 42.63 | ― | 0.70% | 13.71% | 30.46% | |
60 Neutral | ₹258.02B | 64.28 | ― | 0.62% | 15.48% | 13.60% | |
59 Neutral | ₹63.85B | 26.20 | ― | 1.72% | 18.82% | 38.28% | |
57 Neutral | ₹85.39B | 58.14 | ― | 5.15% | 1.91% | -29.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | ₹3.85B | 46.24 | ― | 1.12% | 6.46% | -30.10% |
* General Sector Average
IN:BATAINDIA
Bata India Ltd
653.70
-532.09
-44.87%
IN:CAMPUS
Campus Activewear Ltd.
213.75
-54.61
-20.35%
IN:LIBERTSHOE
Liberty Shoes Limited
229.50
-111.10
-32.62%
IN:METROBRAND
Metro Brands Ltd.
953.35
-309.87
-24.53%
IN:REDTAPE
Redtape Limited
115.05
-21.82
-15.94%
IN:RELAXO
Relaxo Footwears Limited
327.00
-167.10
-33.82%
Bata India Ltd Corporate Events
Bata India Warns Shareholders on Transfer of Unclaimed Shares to IEPF
May 25, 2026
Bata India Ltd has notified stock exchanges that it has published statutory newspaper advertisements in Financial Express and Ekdin, in line with Investor Education and Protection Fund (IEPF) rules. These notices inform shareholders about the impe...
Bata India Shareholders Clear Reappointment of Independent Director via Postal Ballot
May 23, 2026
Bata India Ltd has secured shareholder approval via a remote e-voting postal ballot to reappoint Ms. Radha Rajappa as an independent director, with the special resolution passed by the requisite majority. The voting process, conducted in line with...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.