Skip to content
Bata logo

Bata India

BATAINDIA NSE
₹633.20 −16.60 (−2.55%)
P/E
55.69
View as Markdown
MCP
Close 4 Nov 2026 ₹633.20 −417.50 −39.7% 1Y
Start ₹1,050.70

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
12.70%
Debt to Equity
0.87
EPS (TTM)
₹11.37
Book Value
₹124.14
Market Cap
—
P/E (TTM)
55.69
P/B
5.10
ROE
10.60%
Dividend Yield
3.85%
EBITDA
₹786 Cr
52W High
₹1,069.70
52W Low
₹599.60
Day Range
₹613.15 – ₹640.00
Volume
5,36,490

Peer Comparison

Consumer Discretionary › Consumer Goods › Footwear

Bata peer comparison
Metro Brands
₹854.9057.30₹23,027 Cr11.140.72%22.10%20.10%₹2,956 Cr₹412 Cr
Bata (this company)
₹633.2055.69₹8,059 Cr5.103.85%10.60%12.70%₹3,553 Cr₹146 Cr
Relaxo Footwears
₹289.2538.83₹7,152 Cr3.261.23%8.33%11.20%₹2,753 Cr₹186 Cr
Campus Activewear
₹199.7839.64₹6,007 Cr6.740.77%18.00%21.20%₹1,816 Cr₹154 Cr
Redtape
₹105.9823.82₹5,927 Cr5.731.87%26.60%24.50%₹2,436 Cr₹247 Cr
Sreeleathers
₹262.0018.49₹614 Cr1.220.76%4.70%6.97%₹258 Cr₹33 Cr
Liberty Shoes
₹191.7338.19₹323 Cr1.401.33%4.82%7.91%₹737 Cr₹9 Cr
Median 7 companies₹262.0038.83₹6,007 Cr5.101.23%10.60%12.70%₹2,436 Cr₹154 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

45 Average

Data confidence 100/100

Category scores

Quality
74
Strong
Returns, margins, earnings quality 22% weight
Valuation
55
Good
Cheap vs sector & own history 24% weight
Growth
18
Poor
Sales & profit trajectory 9% weight
Financial Health
33
Poor
Solvency, leverage, coverage 9% weight
Momentum
20
Poor
Trend strength, vol-adjusted 12% weight
Ownership
29
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has been maintaining a healthy dividend payout of 72.9%
  • Company's working capital requirements have reduced from 25.0 days to 16.7 days

Weaknesses

1
  • Company has a low return on equity of 13.9% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1072
OscillatorsNeutral171
Moving AveragesStrong Bearish901

Key readings

RSI (14)
48.42
Neutral
MACD (12,26,9)
1.14
Bullish
SMA (50)
642.48
Bearish
SMA (200)
711.86
Bearish

As of

Analyst Rating

Based on 14 analysts
SELL50%

3 of 14 analysts rate Buy, 4 Hold, 7 Sell.

As of

BUY
3
21%
HOLD
4
29%
SELL
7
50%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+3.79%
5Y+15.53%
3Y+0.61%
1Y+0.77%
TTM+1.92%

Net profit

Net profit growth by window
10Y−4.71%
5YTurned to profit
3Y−25.42%
1Y−59.52%
TTM−30.14%

Operating cash flow

Operating cash flow growth by window
10Y+11.30%
5Y+5.24%
3Y−1.84%
1Y−19.38%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+8.52 pp
5Y+10.76 pp
3Y−2.64 pp
1Y−0.87 pp
TTM−1.50 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,474 Cr
Mar 2018₹2,634 Cr
Mar 2019₹2,931 Cr
Mar 2020₹3,056 Cr
Mar 2021₹1,708 Cr
Mar 2022₹2,388 Cr
Mar 2023₹3,452 Cr
Mar 2024₹3,479 Cr
Mar 2025₹3,489 Cr
Mar 2026₹3,516 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹159 Cr
Mar 2018₹221 Cr
Mar 2019₹329 Cr
Mar 2020₹329 Cr
Mar 2021−₹89.00 Cr
Mar 2022₹103 Cr
Mar 2023₹323 Cr
Mar 2024₹263 Cr
Mar 2025₹331 Cr
Mar 2026₹134 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹231 Cr +42.9% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Bata India Ltd, with a market cap of ₹8,916 Cr, trades at a PE of 67.1x amid a sharp slowdown in revenue and profit growth. The stock has declined 41% over the past year while compounded sales growth has slowed to just 1% TTM, reflecting a challenging demand environment for the legacy footwear brand.

Bull Case 7
  • Healthy dividend payout ratio of 72.9% signals strong cash generation and shareholder-friendly capital allocation, with a current dividend yield of 1.3%
  • Working capital efficiency has improved significantly, with requirements reducing from 25.0 days to 16.7 days, freeing up cash for operations
  • 5-year compounded sales CAGR of 16% demonstrates the company's ability to grow revenues over a medium-term cycle despite recent weakness
  • 5-year compounded profit CAGR of 32% shows strong operating leverage and margin expansion capability when revenue growth is supportive
  • Consistent ROE track record of 13-14% over 3, 5, and 10-year periods indicates a stable, capital-efficient business model
  • Stock has corrected 41% in one year, potentially compressing valuations from previously elevated levels and offering mean-reversion potential
  • As a dominant branded footwear player with pan-India retail presence, Bata benefits from long-term structural consumption growth in India's ₹8,916 Cr market cap category
Bear Case 8
  • PE ratio of 67.1x is extremely elevated given TTM sales growth of just 1% and profit decline of 6%, suggesting expensive valuation relative to current earnings power
  • Compounded profit growth has turned negative at -19% over 3 years and -6% TTM, indicating sustained earnings deterioration
  • Revenue growth has stagnated at 1% CAGR over both TTM and 3-year periods, signaling potential structural market share loss or demand weakness
  • Stock price CAGR of -26% over 3 years and -15% over 5 years reflects prolonged value destruction for shareholders
  • ROE has declined from 14% (3-year average) to 11% in the last year, showing deteriorating return on capital deployed
  • 10-year compounded profit growth of 0% suggests the business has failed to deliver meaningful long-term earnings growth despite India's consumption boom
  • 10-year stock CAGR of just 2% dramatically underperforms broader market indices, questioning the long-term investment thesis
  • Price-to-book ratio of 5.64x is high for a company generating only 11% ROE in the most recent year, implying the market is pricing in a recovery that may not materialize

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: Bata India reported FY26 turnover of Rs 35,155M and net profit of Rs 1,336M, maintaining a modest dividend of Rs 9 per share. No negative catalysts emerged in recent news flow. The company is fulfilling governance obligations with AGM scheduling and ESG disclosures. With no headwinds visible in current filings, the near-term outlook hinges on upcoming AGM commentary around demand trends and margin trajectory.

Positives 2
  • Rs 9 dividend recommended Jul 17

    Board recommended dividend of Rs 9 per share for FY2025-26, with record date of July 31, 2026.

  • FY26 turnover Rs 35,155M Jul 17

    FY2025-26 turnover stood at Rs 35,154.84 Million with Net Profit of Rs 1,335.59 Million, confirming steady operations.

Neutral 2
  • 93rd AGM on Aug 12 Jul 17

    Bata India schedules its 93rd AGM for August 12, 2026 via video conferencing. Record date for dividend is July 31, 2026.

  • BRSR filed for FY26 Jul 17

    Bata India filed its Business Responsibility and Sustainability Report for FY26, disclosing ESG metrics with reasonable assurance.

Quarterly Results

₹ Cr
BATAINDIA quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
958
819
903
798
945
837
919
788
942
801
945
828
979
862
Expenses
719
637
721
616
760
663
719
610
743
656
733
677
775
718
Operating Profit
240
182
182
182
185
174
200
178
199
145
212
151
204
144
OPM %
25%
22%
20%
23%
20%
21%
22%
23%
21%
18%
22%
18%
21%
17%
Other Income
13
−25
11
22
151
18
−1
23
12
13
13
−8
18
18
Interest
28
28
29
31
31
32
31
35
35
34
32
34
33
32
Depreciation
81
82
86
90
87
90
90
104
106
105
104
105
103
105
PBT
144
46
78
83
217
70
77
62
70
19
89
4
86
25
Tax %
26%
26%
26%
23%
20%
26%
24%
26%
26%
28%
26%
42%
26%
27%
Net Profit
107
34
58
64
174
52
59
46
52
14
66
2
64
18
EPS (₹)
8.32
2.64
4.51
4.95
13.54
4.04
4.57
3.57
4.05
1.08
5.14
0.17
4.98
—

Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
BATAINDIA profit and loss, annual, ₹ crore
Particulars Mar 2015 15mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,694
2,423
2,474
2,634
2,931
3,056
1,708
2,388
3,452
3,479
3,489
3,516
3,553
Expenses
2,343
2,129
2,178
2,271
2,441
2,210
1,540
1,960
2,647
2,682
2,738
2,790
2,841
Operating Profit
351
294
296
364
490
846
169
427
804
797
751
726
712
OPM %
13%
12%
12%
14%
17%
28%
10%
18%
23%
23%
22%
21%
20%
Other Income
75
97
18
49
66
66
87
54
39
19
188
24
36
Interest
18
16
15
15
14
129
108
99
118
126
141
147
132
Depreciation
79
79
65
60
64
296
265
242
295
339
371
420
417
PBT
329
297
234
337
478
487
−117
140
430
351
426
182
198
Tax %
30%
27%
32%
35%
31%
32%
−23%
26%
25%
25%
22%
26%
—
Net Profit
231
217
159
221
329
329
−89
103
323
263
331
134
146
EPS (₹)
18
16.91
12.37
17.16
25.6
25.59
−6.95
8.01
25.13
20.42
25.73
10.44
11.37
Div. Payout %
18%
21%
28%
23%
24%
16%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
680%
54%
59%
74%
86%
—

Balance Sheet

₹ Cr
BATAINDIA balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
64
64
64
64
64
64
64
64
64
64
64
64
Reserves
957
1,157
1,260
1,410
1,678
1,830
1,694
1,750
1,374
1,463
1,511
1,531
Borrowings
0
0
0
0
0
1,249
1,032
1,094
1,246
1,357
1,446
1,387
Other Liabilities
616
512
599
667
732
589
542
616
587
466
801
796
Total Liabilities
1,637
1,733
1,923
2,141
2,474
3,732
3,332
3,525
3,272
3,350
3,823
3,778
Fixed Assets
309
304
268
296
317
1,369
1,120
1,226
1,392
1,509
1,800
1,651
CWIP
48
19
30
12
17
20
34
5
4
4
14
4
Investments
0
0
0
0
0
0
0
0
0
0
1
36
Other Assets
1,280
1,410
1,625
1,833
2,140
2,343
2,179
2,294
1,876
1,837
2,008
2,087
Total Assets
1,637
1,733
1,923
2,141
2,474
3,732
3,332
3,525
3,272
3,350
3,823
3,778

Cash Flow

₹ Cr
BATAINDIA cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
119
204
257
160
345
582
461
212
629
453
738
595
Investing
−66
−114
−229
−112
−278
−189
−53
93
439
40
53
−257
Financing
−50
−52
−56
−56
−63
−436
−369
−341
−1,011
−518
−638
−531
Net Cash Flow
2
37
−28
−7
4
−43
39
−37
57
−24
153
−194
Free Cash Flow
−15
165
209
85
263
496
425
164
539
355
670
530
CFO/OP
75
106
109
76
99
91
245
51
90
69
114
93

Ratios

BATAINDIA financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
8
11
10
12
8
8
17
11
9
8
12
19
Inventory Days
208
217
225
232
238
246
265
292
218
227
197
164
Days Payable
105
104
129
146
146
142
192
153
99
73
85
77
Cash Conversion Cycle
111
124
106
99
100
112
90
150
128
162
124
107
Working Capital Days
39
61
51
56
46
28
10
33
27
43
16
17
ROCE %
34%
22%
22%
25%
31%
25%
0%
8%
20%
19%
15%
13%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Bata insights

63 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 50.16%
  • DIIs 26.17%
  • Public 15.27%
  • FIIs 5.75%
  • Others 2.65%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Bata India

What does Bata India Ltd do?
Bata India is primarily engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network.
Where is Bata India Ltd (BATAINDIA) listed?
Bata India Ltd trades as BATAINDIA on the NSE and under code 500043 on the BSE.
Which sector does Bata India Ltd belong to?
Bata India Ltd is classified under the Consumer Goods sector, in the Footwear industry.
What is the PE ratio of Bata India Ltd?
Bata India Ltd trades at a PE ratio of 55.69 as of 4 Nov 2026, on earnings per share of ₹11.37, against a book value of ₹124.14 per share.
What is the 52-week high and low of Bata India Ltd?
Over the last 52 weeks Bata India Ltd has traded between ₹599.6 and ₹1,069.7 as of 4 Nov 2026.
Does Bata India Ltd pay dividends?
Bata India Ltd has a dividend yield of 3.85%.
What is the Return on Equity (ROE) of Bata India Ltd?
Bata India Ltd reported a return on equity of 10.60%. Its debt-to-equity ratio is 0.87.

Company Information

Bata India is primarily engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network.

Website bata.in
CEO Mr. Gunjan Dinesh Kumar Shah
Employees 3,961
Listed 18 Jun 2003
Face Value ₹5

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/BATAINDIA.md for Bata India Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Consumer Durables stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month