BATA INDIA increases its risk exposure and slightly lowers to Neutral
BATA INDIA (IN), a company active in the Footwear industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 3 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date October 22, 2021, the closing price was INR 2,022.15 and its expected value was estimated at INR 1,861.87.Bata India Limited is engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network, and development of real estate. The Company's segments include Footwear & Accessories, and Surplus Property Development. The Footwear & Accessories segment is engaged in the business of manufacturing and trading of footwear and accessories items through its retail and wholesale network. The Surplus Property Development segment is involved in development of surplus property at Batanagar. It offers accessories for women, including hand bags, belts, clutches and scarves, and for men, including shoe care products, wallets and belts. Its brands include Bata, Bata Comfit, Bubblegummers, Hush Puppies, Power, Weinbrenner and Naturalizer. It has a retail network of over 1,200 stores. It also operates a non retail distribution network through its urban wholesale division and caters to various customers through approximately 30,000 dealers.
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