Bata India Ltd (BATAINDIA) AI Stock Analysis

Top Page

Bata India Ltd

(NSE:BATAINDIA)

Select Model

Rating:60Neutral

Price Target:INR 672.00▲(6.91% Upside)

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 generationConsistently 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 growthBroadly 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.

Bata India Ltd (BATAINDIA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 81.74B
Dividend Yield: 5.41%
Average Volume (3M): 37.18K
Price to Earnings (P/E): 55.3
Beta (1Y): 0.97
Revenue Growth: 1.91%
EPS Growth: -29.92%
Country: India
Employees: 4,073
Sector: General
Sector Strength: 55
Industry: Apparel - Footwear & Accessories

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 an...

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 comp...

Bata India Ltd Financial Statement Overview

Summary

Financials are mixed: cash generation is a key strength (strong, consistently positive FCF with high FCF-to-net-income), but revenue growth has been largely flat and profitability deteriorated sharply in FY2026 (net margin down to ~3.8% from ~9.5% in FY2025). Leverage is manageable but not conservative (D/E ~0.87) and ROE weakened meaningfully (~8.4% in FY2026).

Income Statement

67Positive

Balance Sheet

62Positive

Cash Flow

78Positive

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price628.55

Price Trends

50DMA646.79Negative

100DMA659.56Negative

200DMA691.77Negative

Market Momentum

MACD1.36Negative

RSI46.82Neutral

STOCH52.65Neutral

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 628.55 is above the 20-day moving average (MA) of 626.82, below the 50-day MA of 646.79, and below the 200-day MA of 691.77, indicating a neutral trend. The MACD of 1.36 indicates Negative momentum. The RSI at 46.82 is Neutral, neither overbought nor oversold. The STOCH value of 52.65 is Neutral, 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BATAINDIA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:REDTAPE	69Neutral	INR 57.22B	23.27	―	1.93%	18.82%	38.28%
IN:METROBRAND	66Neutral	INR 223.76B	54.13	―	0.73%	15.60%	16.47%
IN:BATAINDIA	60Neutral	INR 80.79B	55.26	―	5.41%	1.91%	-29.92%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:LIBERTSHOE	55Neutral	INR 3.21B	37.10	―	―	6.46%	-30.10%
IN:CAMPUS	51Neutral	INR 58.32B	37.92	―	0.79%	13.71%	30.46%
IN:RELAXO	45Neutral	INR 67.91B	36.53	―	1.29%	2.11%	5.98%

* General Sector Average

Performance Comparison

IN:BATAINDIA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BATAINDIA	Bata India Ltd	628.55	-393.95	-38.53%
IN:CAMPUS	Campus Activewear Ltd.	190.80	-87.49	-31.44%
IN:LIBERTSHOE	Liberty Shoes Limited	188.20	-129.40	-40.74%
IN:METROBRAND	Metro Brands Ltd.	820.80	-325.69	-28.41%
IN:REDTAPE	Redtape Limited	103.50	-35.49	-25.53%
IN:RELAXO	Relaxo Footwears Limited	272.80	-156.91	-36.51%

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.

Date of analysis: Sep 19, 2026

Bata India Ltd AI Stock Analysis