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Bata India Ltd
(BATAINDIA)
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Rating:60Neutral
Price Target:
₹672.00
▼(-2.45% Downside)
Action:Reiterated
Date:09/19/26
The score is primarily supported by strong cash generation and manageable leverage, but capped by the sharp FY2026 margin/ROE decline and weak revenue momentum. Technicals are notably bearish (below major moving averages with negative MACD), and valuation is mixed with a high P/E offset partly by a strong dividend yield.
Positive Factors
Strong cash generation
Consistently positive operating and free cash flow indicate that reported earnings are substantially supported by cash generation. The strong FY2026 free-cash-flow performance can provide internal funding for stores, digital channels, inventory, and shareholder returns while reducing reliance on external financing.
Negative Factors
Limited revenue growth
Broadly flat revenue over several fiscal years indicates that Bata’s current business is not generating strong top-line expansion. Without a sustained improvement in customer demand, store productivity, or digital and category growth, limited sales momentum can constrain operating leverage and earnings progression.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistently positive operating and free cash flow indicate that reported earnings are substantially supported by cash generation. The strong FY2026 free-cash-flow performance can provide internal funding for stores, digital channels, inventory, and shareholder returns while reducing reliance on external financing.
Read all positive factors
Bata India Ltd (BATAINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹80.79B
Dividend Yield5.41%
Average Volume (3M)13.67K
Price to Earnings (P/E)55.3
Beta (1Y)0.97
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. Volume22,944
30 Day Avg. Volume13,667
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)16.09
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 merchandise under the Bata brand and associated labels through multiple channels. Its key revenue stream is domestic retail sales via a large network of physical outlets (including c...
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 | 7.48B | 7.90B | 7.96B | 4.22B |
| 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
Positive
688.85
Price Trends
648.77
Positive
659.57
Negative
693.14
Negative
Market Momentum
2.34
Negative
56.87
Neutral
65.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BATAINDIA, the sentiment is Positive. The current price of 688.85 is above the 20-day moving average (MA) of 626.33, above the 50-day MA of 648.77, and below the 200-day MA of 693.14, indicating a neutral trend. The MACD of 2.34 indicates Negative momentum. The RSI at 56.87 is Neutral, neither overbought nor oversold. The STOCH value of 65.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | ₹67.91B | 36.53 | ― | 1.29% | 2.11% | 5.98% | |
60 Neutral | ₹80.79B | 55.26 | ― | 5.41% | 1.91% | -29.92% | |
60 Neutral | ₹223.76B | 54.13 | ― | 0.73% | 15.60% | 16.47% | |
59 Neutral | ₹57.22B | 23.27 | ― | 1.93% | 18.82% | 38.28% | |
58 Neutral | ₹58.32B | 37.92 | ― | 0.79% | 13.71% | 30.46% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹3.21B | 37.10 | ― | 1.12% | 6.46% | -30.10% |
* General Sector Average
IN:BATAINDIA
Bata India Ltd
628.55
-394.29
-38.55%
IN:CAMPUS
Campus Activewear Ltd.
190.80
-86.70
-31.24%
IN:LIBERTSHOE
Liberty Shoes Limited
188.20
-131.75
-41.18%
IN:METROBRAND
Metro Brands Ltd.
820.80
-299.35
-26.72%
IN:REDTAPE
Redtape Limited
103.50
-31.80
-23.50%
IN:RELAXO
Relaxo Footwears Limited
272.80
-158.29
-36.72%
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.