Bata India Hits 52-Week Low Amid Broader Consumer Durables Decline

Bata India Ltd., a prominent player in the consumer durables sector, has experienced significant market activity today, reaching a new 52-week low of Rs. 1,136.4. The stock has been on a downward trend, falling for three consecutive days and recording a total decline of 5.5% during this period. Today, it opened with a gap down of 5.22% and touched an intraday low of Rs. 1,136.4, reflecting a decrease of 6.35%.
In terms of performance, Bata India has outperformed its sector by 0.56%, despite the broader consumer durables industry experiencing a decline of 4.16%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish technical trend.

Over the past year, Bata India has seen a decline of 13.99%, contrasting with the Sensex's drop of 2.07%. The company's operating profit has decreased at an annual rate of 6.84% over the last five years, and its debt-to-equity ratio stands at 0.98 times, the highest in recent history. Despite these challenges, Bata India maintains a strong ability to service its debt, with a low debt-to-EBITDA ratio of 0.92 times and a return on capital employed (ROCE) of 15.2%. The company holds a significant market cap of Rs. 15,596 crore, making it the second-largest in its sector.