{"id":7307,"date":"2015-05-02T17:26:53","date_gmt":"2015-05-02T11:56:53","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=7307"},"modified":"2015-05-27T12:28:02","modified_gmt":"2015-05-27T06:58:02","slug":"bata-india-ltd-safe-walk","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/bata-india-ltd-safe-walk\/7307","title":{"rendered":"Bata India Ltd: Safe Walk"},"content":{"rendered":"<p style=\"text-align: justify;\">Founded in 1931, Bata India Ltd is engaged in the manufacturing and\u00a0retailing of footwear and accessories for women, men and kids. Having a\u00a0retail network of 1,400+ stores, the company has a significant presence in\u00a0almost all metros and towns. Through its manufacturing facilities in West\u00a0Bengal, Bihar, Haryana, Karnataka and Tamil Nadu, the company produces\u00a0some of the country\u2019s well-known brands. In an effort to accelerate its\u00a0growth trajectory, Bata India is continuously increasing its focus on tier III\u00a0and tier IV cities where the potential for growth is significant.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #2baae2; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"\"http:\/\/www.fundsindia.com\/content\/jsp\/LP\/equity\/equities1.do?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Equity Account Now! <\/span><\/a><\/div>\n<p><strong>Valuation and view<\/strong><\/p>\n<p style=\"text-align: justify;\">Given Bata India\u2019s consistent efforts towards attracting new\u00a0customers and retaining the existing ones, we remain positive\u00a0on the growth prospects of the company in the long-term.\u00a0With a massive restructuring exercise, Bata India has evolved\u00a0from being a low growth, low-profit generating company to\u00a0one that can boast on all key parameters, namely, growth,\u00a0profitability and cash generation. The company\u2019s investments\u00a0in new sales channels, franchisee model in tier III and tier IV\u00a0cities and launch of e-commerce model are steps in the right\u00a0direction.<\/p>\n<p style=\"text-align: justify;\">Considering the above aspects, we rate the stock as \u2018BUY\u2019 at a\u00a0CMP of Rs 1,018.8, attractively placed at P\/E of ~33.4x and\u00a0~25.4x, for FY16E and FY17E, respectively to arrive at a target\u00a0price of Rs 1,221.7, with a potential upside of ~19.9% for the\u00a0coming 12 months.<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/05\/Research-Report-Bata-India-Ltd.pdf\">Research Report Bata India Ltd<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Founded in 1931, Bata India Ltd is engaged in the manufacturing and\u00a0retailing of footwear and accessories for women, men and kids. Having a\u00a0retail network of 1,400+ stores, the company has a significant presence in\u00a0almost all metros and towns. Through its manufacturing facilities in West\u00a0Bengal, Bihar, Haryana, Karnataka and Tamil Nadu, the company produces\u00a0some of the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bata India Ltd: Safe Walk<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Bata India Ltd. 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