Bata India Limited (BATAINDIA) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Bata India Limited stock ₹438, price ₹639, that is 31.5% below the price, quality 64 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range ₹579.78 – ₹2,008 · fair‑value band ₹310.12 – ₹606.33 · the ₹639.25 price screens above the ₹437.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Bata India Limited manufactures, sells, and trades in footwear and accessories through its retail and wholesale network in India and internationally.
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It offers men's footwear, including casual shoes, slippers and flipflop, as well as ethnic, formals, loafers, sandals, sneakers, sports, and outdoor shoes; women's footwear, such as ballerinas, boots, casual, flats, flipflop, loafers, mule, sandals, sneakers, sports, thongs, and toe ring shoes, as well as heel footwears; kids' footwear; apparel, including joggers and bottoms, shorts, t-shirt, and Polos for men and women; and accessories, such as belts, handbags, laptop bags, belts, wallets, school bags, and other bags.
The company also engages in property letting activities.
It sells its products primarily under the Bata, Hush Puppies, Nine West, North Star, Power, Bata Red Label, Bata Comfit, Bubblegummers, Disney, Naturalizer, Marie Claire, Scholl, Floatz by Bata, Weinbrenner, and Bata Industrials brand names through retail and franchisee stores, a wholesale network, and e-commerce.
The company was formerly known as Bata Shoe Company Private Limited and changed its name to Bata India Limited in 1973. Bata India Limited was incorporated in 1931 and is based in Gurugram, India. Bata India Limited is a subsidiary of Bata (BN) B.V.
Stock analysis
Bata India Limited (BATAINDIA) currently trades at ₹639.25, while our model-based Fair Value estimate is ₹437.65, 32% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ₹556.32 per share, and 3 of the 26 models we run sit above the ₹639.25 price.
Bear case: the Asset-Based group reads lowest at ₹72.19, and 23 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹310.12 (bear) to ₹606.33 (bull), the price of ₹639.25 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bata India Limited reported revenue of ₹35.2B in FY2026 versus ₹23.9B in FY2022, a compound +10.2%/yr. Reported net income was ₹1.3B in FY2026, compounding +6.8%/yr from FY2022.
Key figures
Market cap ₹82.2B (≈ $875M) Small · P/E ratio 54.6 · P/S ratio 2.28 · EPS (TTM) ₹11.70 · Dividend yield 5.3% · Net margin 4.2% · Return on equity 10.9% · Return on assets (EBIT) 28.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 30% fair-value upside, at −32%, BATAINDIA screens richer than that median.
Fair Value models
Bear₹310.12Fair Value ₹437.65Bull₹606.33
Price ₹639.25 · Downside -31.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF₹476.79₹660.41₹895.3379
Growth DCF₹476.46₹633.20₹820.5677
Residual Income₹95.93₹100.94₹109.9076
All 26 models by family
DCF Models
FCF DCF₹476.79₹660.41₹895.3379
Owner Earnings₹429.85₹593.81₹803.5674
5Y Revenue Exit₹344.78₹473.40₹631.3171
5Y EBITDA Exit₹484.12₹736.93₹1,03172
5Y P/E Exit₹313.49₹414.23₹516.2769
10Y Revenue Exit₹392.99₹514.87₹669.8565
10Y EBITDA Exit₹474.91₹673.25₹934.6266
10Y P/E Exit₹380.74₹479.31₹593.5663
Earnings-Based
Graham-Dodd₹71.00₹235.03₹314.4464
Lynch FV₹99.40₹142.00₹184.6061
PEG = 1.0₹99.40₹142.00₹184.6057
EPV₹185.26₹203.07₹217.5670
Dividend Discount
Gordon GGM₹63.36₹106.81₹139.3168
DDM Multi-Stage₹63.36₹98.12₹114.8567
Multiples
P/E Multiple₹172.29₹229.72₹287.1563
P/S Multiple₹133.13₹177.51₹221.8958
P/B Multiple₹323.23₹430.97₹538.7255
EV/EBIT₹255.15₹363.29₹471.4262
EV/EBITDA₹441.17₹611.30₹781.4464
EV/Revenue₹149.42₹243.14₹336.8550
Asset-Based
NCAV (Graham)₹53.87₹72.19₹107.7451
Growth DCF
Growth DCF₹476.46₹633.20₹820.5677
Rev-Margin DCF₹344.78₹479.44₹639.0471
Economic Profit
Residual Income₹95.93₹100.94₹109.9076
ROIC Compounder₹193.24₹222.73₹254.1870
Growth Earnings
Growth-Adj P/E₹144.82₹206.89₹268.9667
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.5%
Start year 2021 (pandemic). Over 10 years: +3.8% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−3.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.1%
Dividend (yield on the price)5.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−9.1% vs −3.2%, slowing
Profit margin 2004 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−2% → 9%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+8.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +4.5% a year for the price and +2.9% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Footwear & Accessories · 100 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−31.5% · Below median
Profitability
Return on equity (12 months)10.9% · Above median
Return on assets3.6% · Above median
Net margin (12 months)4.2% · Above median
Operating margin (12 months)6.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)9.8% · Above median
Dividend yield (12 months)5.3% · Above median
Valuation Multiplesvs Footwear & Accessories median · lower = cheaper
P/E (12 months)54.6× · Priciest 25%
P/B5.15× · Priciest 25%
P/S (12 months)2.28× · Pricier than median
Price / free cash flow (fiscal year)15.0× · Pricier than median
EV/EBITDA17.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)49· sector 13
PAST (return on equity)44· sector 21
HEALTH (low debt)0· sector 97
DIVIDEND (yield)100· sector 58
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Bata India Limited Fair Value". https://www.fairvalue-calculator.com/stock/BATAINDIA
Frequently asked questions
Is Bata India Limited (BATAINDIA) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ₹437.65 versus a price of ₹639.25, about 32% lower (overvalued).
What is the fair value of BATAINDIA?
Our model-based fair value for Bata India Limited is ₹437.65 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹639.25.
What is the quality score of BATAINDIA?
Bata India Limited has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bata India Limited (BATAINDIA)?
Our model-based price target is the fair value of ₹437.65 (as of Nov 10, 2026) from 26 valuation models. Cautious scenario ₹310.12, optimistic scenario ₹606.33. It is a calculation from audited fundamentals, not an analyst target.
What is the Bata India Limited stock forecast for 2026?
Our models put fair value at ₹437.65, about 32% lower versus a price of ₹639.25 (overvalued). Cautious scenario ₹310.12, optimistic scenario ₹606.33. The calculation is refreshed regularly with new filings.
What is the revenue of Bata India Limited (BATAINDIA)?
Bata India Limited reported trailing-twelve-month revenue of about ₹36.1B (latest available figure, as of Nov 10, 2026).
Does Bata India Limited pay a dividend?
Bata India Limited currently shows a dividend yield of 5.32% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Bata India Limited (BATAINDIA) and when is the ex-dividend date?
Bata India Limited pays a dividend of ₹34.00 per share a year, a dividend yield of 5.3%. The last ex-dividend date was Aug 19, 2026. A dividend has been paid every year since at least 2008. Free cash flow covers the dividend 1.25 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Bata India Limited (BATAINDIA)?
For today's price to be fair in a discounted-cash-flow model, Bata India Limited would have to grow free cash flow by +8.9 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.5 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of BATAINDIA use?
Our models discount Bata India Limited at 12.4 %: a base by market capitalisation (small), damped by beta 0.35, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bata India Limited that is +8.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Bata India Limited (BATAINDIA) delivered so far?
Over the past 5 years revenue at Bata India Limited grew +15.5 % a year. The price currently implies free-cash-flow growth of +8.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bata India Limited (BATAINDIA) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into Bata India Limited (+8.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bata India Limited (BATAINDIA)?
The free-cash-flow yield on the price is 6.65 %: that much free cash flow Bata India Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bata India Limited (BATAINDIA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bata India Limited it is ₹437.65 per share (as of Nov 10, 2026), against a price of ₹639.25. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Bata India Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, BATAINDIA trades above its calculated fair value: price ₹639.25, fair value ₹437.65, a gap of about −32% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BATAINDIA?
No. The price is what the market pays today (₹639.25); the fair value is what the company's own numbers justify (₹437.65). For Bata India Limited the two are ₹201.60 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bata India Limited worth?
The market values Bata India Limited at about ₹82.2B (market capitalisation, as of Nov 10, 2026). Per share that is ₹639.25; our models calculate a fair value of ₹437.65 per share.
What do the bullish and bearish scenarios say about BATAINDIA?
Our models span a range for Bata India Limited: cautious scenario ₹310.12, base ₹437.65, optimistic ₹606.33 per share (as of Nov 10, 2026, price ₹639.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BATAINDIA?
Bata India Limited trades at a price-to-earnings ratio of 54.6 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹437.65 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings: 55.2. Other multiples: P/B 5.2, P/S 2.3, EV/EBITDA 17.4.
How solid is the balance sheet of Bata India Limited (BATAINDIA)?
Balance-sheet figures for Bata India Limited (as of Nov 10, 2026): return on equity 10.9%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is BATAINDIA from its 52-week high?
Bata India Limited trades at ₹639.25, about 37% below its 52-week high of ₹1,009 and 10% above the low of ₹579.78 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹437.65 is for.
Which stocks are comparable to Bata India Limited?
From the same area (Consumer Cyclical) we also value NIKE, Inc, adidas AG, On Holding, Deckers Outdoor Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bata India Limited stock attractive at the current price?
The data as of Nov 10, 2026: price ₹639.25, calculated fair value ₹437.65 (−32%), Quality Score 64/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BATAINDIA calculated?
We run Bata India Limited through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹437.65 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Bata India Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bata India Limited (BATAINDIA)?
The closing price on Nov 9, 2026 was ₹639.25. Our model-based fair value is ₹437.65, about 32% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bata India Limited right now?
The price sits above even our optimistic bull case (₹606.33). The favourable scenario is already priced in. Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹310.12 to ₹606.33) leaves room in how you read the outcome.
Where does the earnings growth of Bata India Limited (BATAINDIA) come from?
Earnings per share at Bata India Limited grew +2.9 % a year from 2015 to 2026. Broken into its drivers: revenue per share +4.5 %, EBIT margin +0.7 %, tax rate +0.8 %, residual (interest, one-offs) −2.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Bata India Limited
How large is the market capitalisation of Bata India Limited (BATAINDIA)?
The market capitalisation of Bata India Limited is ₹82.2B (≈ $875M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bata India Limited (BATAINDIA)?
The price-to-sales ratio of Bata India Limited is 2.28 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bata India Limited (BATAINDIA)?
Earnings per share at Bata India Limited are ₹11.70 (price ÷ EPS = P/E 54.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bata India Limited (BATAINDIA)?
The dividend yield of Bata India Limited is 5.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Bata India Limited (BATAINDIA)?
The net margin of Bata India Limited is 4.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bata India Limited (BATAINDIA)?
The return on equity (ROE) of Bata India Limited is 10.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bata India Limited (BATAINDIA)?
On an EBIT basis the return on assets of Bata India Limited is 28.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bata India Limited (BATAINDIA)?
The operating margin of Bata India Limited is 6.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bata India Limited (BATAINDIA)?
Revenue at Bata India Limited is growing +9.8% versus a year earlier (3y avg +0.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bata India Limited (BATAINDIA)?
Earnings per share at Bata India Limited are growing +30.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bata India Limited (BATAINDIA) carry?
The net debt of Bata India Limited is ₹8.9B (fiscal year 2026, ≈ 1.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 10, 2026