Bata India (NSE:BATAINDIA) is the largest shoe manufacturer and retailer in India. It has a market cap of Rs. 2,215 crores. Based on recent reported quarterly results(Q3 2010), sales growth (YoY) was 12%, and EPS (YoY) increased 57%.  Bata India has a ROE of 20.1% and ROCE of 30.7%. The ROE and ROCE sugges that this is a very well run business, something you would expect from a brand like Bata. The 3-year earnings growth is 18.7%, and 3-year sales growth is 12.5%.  The debt-to-marketcap ratio is 0.01. The P/E is 25.5 (TTM).

The company is reinventing itself and getting ready for the next growth phase. It is planning to open big-format stores to cater to youth and women. Also planned is growth in tier-II and tier-III cities and towns. The management wants to keep up with the 15% growth.

The relative price performance of Bata India measured over the last 2 years puts it in the top 20% of all stocks. Technically, the daily & weekly charts look strong. The stock has been in a consolidation phase for the past 3 months, but stayed above the 100-day SMA. Today. it showed some signs that it wants to move up again. A target of 400-425 is very likely in the next few months. See latest tweet buzz below the charts. Also, see slide show on stock picks in the consumer sector.

Daily Candlestick Charts

Weekly Candlestick Charts

Recent Twitter & News buzz!!

Third party sources for more analysis on this stock.

1. http://www.google.com/finance?q=NSE:BATAINDIA

2. http://nseindia.com/marketinfo/companyinfo/eod/resHistory.jsp?symbol=BATAINDIA

3. http://www.capital4.com/stocks/BATAINDIA/valuation-snapshot#bottom_table_anchor

Labels: bata, bata shoes, bataindia