Recent Price Movement and Market Context
On 14 Jan 2026, Bata India’s share price touched Rs.904.95, the lowest level in the past year, trading within a narrow intraday range of Rs.8.85. This decline comes amid a broader market environment where the Sensex opened lower at 83,358.54 points, down 269.15 points (-0.32%), and was trading near 83,576.01 points (-0.06%) during the day. Notably, the Sensex remains approximately 3.09% below its 52-week high of 86,159.02, with small-cap stocks leading gains, as the BSE Small Cap index rose by 0.16%.
Bata India’s stock performance contrasts sharply with the benchmark index, having delivered a negative return of -32.70% over the last twelve months, while the Sensex posted a positive 9.31% gain in the same period. The stock’s 52-week high stands at Rs.1,425, underscoring the extent of the recent decline.
Technical Indicators and Moving Averages
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates sustained bearish momentum and a lack of short-term recovery signals. The day’s price change was a modest decline of 0.18%, yet the stock managed to outperform its sector by 0.37%, suggesting some relative resilience within the footwear segment.
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Financial Performance and Profitability Metrics
Bata India’s recent quarterly results have reflected a challenging period for the company. Net sales declined by 14.92%, contributing to what MarketsMOJO classifies as very negative results for the quarter ended September 2025. The company’s profit after tax (PAT) for the quarter stood at Rs.19.85 crore, representing a sharp fall of 64.0% compared to the average PAT of the previous four quarters.
Operating profit to interest coverage ratio has deteriorated to a low of 4.28 times, indicating tighter margins for servicing interest expenses. Meanwhile, the debt-to-equity ratio at the half-year mark has risen to 2.94 times, the highest level recorded in recent periods, signalling increased leverage on the balance sheet.
Long-Term Underperformance and Market Position
The stock has consistently underperformed the benchmark indices over the past three years, with returns lagging behind the BSE500 index in each annual period. This trend has contributed to the current subdued market sentiment and the stock’s downgrade in the MarketsMOJO grading system from a Strong Sell to a Sell as of 11 Nov 2025, with a Mojo Score of 33.0.
Operational and Valuation Factors
Despite the recent setbacks, Bata India maintains certain strengths in its operational metrics. The company exhibits a high return on capital employed (ROCE) of 15.35%, reflecting efficient utilisation of capital resources. Additionally, the debt-to-EBITDA ratio remains relatively low at 0.97 times, suggesting a manageable debt servicing capacity despite the elevated debt-to-equity ratio.
Operating profit has demonstrated robust long-term growth, expanding at an annualised rate of 44.45%. The company’s valuation metrics also indicate an attractive position, with an enterprise value to capital employed ratio of 5.3, which is lower than the historical average of its peers. This discount in valuation is consistent with the stock’s subdued price performance and profit decline of 21.7% over the past year.
Shareholding and Institutional Interest
Institutional investors hold a significant stake in Bata India, accounting for 36.29% of the share capital. This level of institutional ownership reflects confidence in the company’s fundamentals from investors with extensive analytical resources, despite the recent price weakness.
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Summary of Key Metrics
To summarise, Bata India Ltd. is currently trading at Rs.904.95, its lowest level in 52 weeks, with a market cap grade of 3 and a Mojo Grade of Sell. The stock’s recent performance has been marked by a three-day consecutive decline, a significant drop in net sales and profits, and increased leverage. However, the company retains operational strengths such as a high ROCE, manageable debt-to-EBITDA ratio, and strong long-term operating profit growth.
The broader market context shows a mixed environment, with the Sensex hovering near its 52-week high and small caps leading gains, while Bata India’s stock remains under pressure. The stock’s valuation discount relative to peers and institutional backing are notable factors amid the current price weakness.
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