Bata India Ltd

CMP: 620

Bata India Limited manufactures a wide range of leather, rubber/canvas and plastic footwear products. The Company also manufactures sports apparel and leather accessories. Bata India sells its products through its chain of company owned retail stores in India, as well as to businesses in the USA, United Kingdom, Europe, the Middle East and the Far East.

Bata India is a good brand valued mid-cap stock. Its currently trading at a P/E of little over 18 with decent dividend yields. Minimal liability and good cash flows & cash equivalents. Revenues have risen from 770 Crores to 1266 Crores in the last 5 years. Profits have risen steadily from 40 Crores to 95 Crores over the last 5 years. NPM has risen smartly from 5% towards 8% over 5 years. Buy and hold for long term gains.