
3 Largest Footwear Retailer, Vehicle Decorative Parts Maker and Engine Cooling Systems Maker Stocks With a Strong Future Roadmap: Bata India, SJS Enterprises and Banco Products (India)
Bata India, SJS Enterprises and Banco Products (India): ROE of 10.4% to 28.6% and FY22 to FY26 revenue CAGR of 10.1% to 27.0%. Prices as of 3 Nov 2026.
Updated: 4 Nov 2026 • 1:38 pm
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Quick Answer
The three footwear, vehicle decor and radiator stocks to watch are Bata India, SJS Enterprises and Banco Products (India). Their return on equity ranges from 10.4% to 28.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.1% to 27.0%. Banco Products (India) has the highest return on equity at 28.6%, while SJS Enterprises has the fastest revenue growth at 27.0% a year. Prices are based on the 3 November 2026 close, and this article is educational, not investment advice.
Footwear, vehicle decor and radiator stocks give investors a way to track businesses that sit close to everyday demand in India. Bata India, SJS Enterprises and Banco Products (India) cover the largest footwear retailer, a vehicle decorative parts maker and an engine cooling systems maker.
This list covers three footwear, vehicle decor and radiator stocks with complete current figures: Bata India, SJS Enterprises and Banco Products (India). Every figure comes from the latest reported financials and the 3 November 2026 market close. Companies without complete current figures were left out.
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What Are Footwear, Vehicle Decor and Radiator Stocks?
Footwear, vehicle decor and radiator stocks are listed companies that sell footwear through a large store network, make lenses, badges and decals for vehicles and appliances, and make radiators, heat exchangers and gaskets for vehicles and industry. Their earnings depend on shopper footfall, vehicle output and industrial demand.
Footwear, Vehicle Decor and Radiator Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Bata India | 649.8 | 8,187 | 56.0 | 37.0 | 10.4 | 0.87 |
| SJS Enterprises | 2,170.7 | 6,459 | 30.5 | 36.9 | 19.7 | 0.03 |
| Banco Products (India) | 593.85 | 8,345 | 16.9 | 35.2 | 28.6 | 0.36 |
On valuation, SJS Enterprises and Banco Products (India) trade at a P/E below the industry P/E, while Bata India trades above it, which reflects the growth the market already expects. Readers comparing footwear, vehicle decor and radiator stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in footwear, vehicle decor and radiator stocks can use the coming numbers to test whether growth is holding.
Why Do Footwear, Vehicle Decor and Radiator Stocks Have a Strong Roadmap in India?
Footwear, vehicle decor and radiator stocks have a strong roadmap in India because a shift toward branded footwear, rising demand for premium vehicle finishes and steady vehicle output keep widening the market for these companies.
- Footwear retail. Branded stores reach more shoppers.
- Decorative parts. Premium finishes matter more to buyers.
- Cooling systems. Engines and machines need heat management.
Why Bata India Features Among These Footwear, Vehicle Decor and Radiator Stocks
Among the footwear, vehicle decor and radiator stocks on this list, Bata India is the country's largest footwear retailer, selling under the Bata, Hush Puppies, Power and other brands through a large network of company-owned and franchised stores.
The company has a return on equity of 10.4%, a debt to equity ratio of 0.87 and a market capitalisation of Rs 8,187 crore. The stock trades at a P/E of 56.0, above the industry P/E of 37.0.
Revenue rose from Rs 2,444 crore in FY22 to Rs 3,595 crore in FY26, a compound annual growth rate of 10.1%. Net profit grew from Rs 103 crore in FY22 to Rs 134 crore in FY26, which works out to a compound annual growth rate of 6.8%. In the June 2026 quarter, revenue grew 4.0% year on year to Rs 997 crore, while net profit rose 23.0% to Rs 64.0 crore.
Roadmap: The company is widening its range into sports, casual and premium footwear and adding stores in smaller towns. A trusted brand and deep retail reach support steady demand.
What to watch: Follow store additions, premium product mix and same-store sales.
Why SJS Enterprises Features Among These Footwear, Vehicle Decor and Radiator Stocks
Among the shoe retail and decor part shares on this list, SJS Enterprises makes decorative aesthetic parts such as lenses, badges, decals and appliqués for vehicles, along with products for consumer durables.
Revenue rose from Rs 374 crore in FY22 to Rs 973 crore in FY26, a compound annual growth rate of 27.0%. Net profit grew from Rs 55.0 crore in FY22 to Rs 172 crore in FY26, which works out to a compound annual growth rate of 32.9%.
In the June 2026 quarter, revenue grew 25.3% year on year to Rs 266 crore, while net profit rose 115.0% to Rs 74.4 crore. The company has a return on equity of 19.7%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 6,459 crore. The stock trades at a P/E of 30.5, below the industry P/E of 36.9.
Roadmap: Premium finishes, electric vehicle styling and a rising number of parts per vehicle widen its addressable market. The company has also acquired overseas and domestic businesses, which deepen its product range and customer mix.
What to watch: Follow how newly acquired units are integrated and how premium finishes contribute to the mix.
Why Banco Products (India) Features Among These Footwear, Vehicle Decor and Radiator Stocks
Among the three companies on this list, Banco Products (India) is a Vadodara-based maker of engine cooling systems, radiators, heat exchangers, gaskets and sealing products for vehicle makers, industrial customers and the aftermarket.
In the June 2026 quarter, revenue grew 20.9% year on year to Rs 1,190 crore, while net profit rose 11.7% to Rs 122 crore. Revenue rose from Rs 1,963 crore in FY22 to Rs 3,995 crore in FY26, a compound annual growth rate of 19.4%.
Net profit grew from Rs 152 crore in FY22 to Rs 482 crore in FY26, which works out to a compound annual growth rate of 33.3%. The company has a return on equity of 28.6%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 8,345 crore. The stock trades at a P/E of 16.9, below the industry P/E of 35.2.
Roadmap: The company is growing its cooling systems range for commercial vehicles, off-highway machines and industrial uses and is widening its presence in overseas markets. Aftermarket sales add steady demand beyond new vehicle production.
What to watch: Monitor vehicle production trends, export orders and raw material costs.
Bata India vs SJS Enterprises vs Banco Products (India) on Key Financials
The table below sets the three footwear, vehicle decor and radiator stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Bata India | 2,444 | 3,595 | 10.1% | 134 | 3.7% |
| SJS Enterprises | 374 | 973 | 27.0% | 172 | 17.7% |
| Banco Products (India) | 1,963 | 3,995 | 19.4% | 482 | 12.1% |
Banco Products (India) posts the highest return on equity in this group at 28.6%. Banco Products (India) has the largest FY26 revenue at Rs 3,995 crore, and SJS Enterprises shows the fastest revenue growth with a 27.0% compound annual rate. A useful habit with footwear, vehicle decor and radiator stocks is to check each new quarterly result against the capacity plans the company described earlier. Many investors spread money across several shoe store, badge and cooling part stocks instead of one name, which keeps a single result from deciding the outcome.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Bata India | 959 | 997 | 4.0% |
| SJS Enterprises | 212 | 266 | 25.3% |
| Banco Products (India) | 984 | 1,190 | 20.9% |
Key Risks to Check Before Investing in Footwear, Vehicle Decor and Radiator Stocks
Every theme carries risks that deserve a check before any decision. For these footwear, vehicle decor and radiator stocks, the main points are: Long-term shoe retail and decor part shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Consumer spending. Sales follow festivals, incomes and consumer mood.
- Production cycles. Vehicle output can vary with demand.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter footwear, vehicle decor and radiator stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Footwear, Vehicle Decor and Radiator Stocks
Footwear, vehicle decor and radiator stocks work best when investors track growth, valuation and return on equity side by side. Bata India, SJS Enterprises and Banco Products (India) each have a clear plan to grow. Based on the 3 November 2026 close, Bata India trades at Rs 649.8, SJS Enterprises at Rs 2,170.7 and Banco Products (India) at Rs 593.85. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these footwear, vehicle decor and radiator stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track footwear, vehicle decor and radiator stocks, set price alerts and get research-backed stock ideas.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are footwear, vehicle decor and radiator stocks?
Ans. Footwear, vehicle decor and radiator stocks are listed companies that sell footwear through a large store network, make lenses, badges and decals for vehicles and appliances, and make radiators, heat exchangers and gaskets for vehicles and industry. Their earnings depend on shopper footfall, vehicle output and industrial demand. This list looks at three of them, Bata India, SJS Enterprises and Banco Products (India), using reported FY22 to FY26 financials and the 3 November 2026 closing prices.
Which footwear, vehicle decor and radiator stocks are covered in this list?
Ans. This list covers Bata India, SJS Enterprises and Banco Products (India). Based on the 3 November 2026 close, Bata India traded at Rs 649.8, SJS Enterprises at Rs 2,170.7 and Banco Products (India) at Rs 593.85. Their return on equity ranges from 10.4% to 28.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.1% to 27.0%.
Why do footwear, vehicle decor and radiator stocks have a strong future roadmap in India?
Ans. Footwear, vehicle decor and radiator stocks have a strong roadmap in India because a shift toward branded footwear, rising demand for premium vehicle finishes and steady vehicle output keep widening the market for these companies. The main drivers are as follows. Footwear retail. Branded stores reach more shoppers. Decorative parts. Premium finishes matter more to buyers. Cooling systems. Engines and machines need heat management. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Bata India performed financially?
Ans. Revenue rose from Rs 2,444 crore in FY22 to Rs 3,595 crore in FY26, a compound annual growth rate of 10.1%. Net profit grew from Rs 103 crore in FY22 to Rs 134 crore in FY26, which works out to a compound annual growth rate of 6.8%. In the June 2026 quarter, revenue grew 4.0% year on year to Rs 997 crore, while net profit rose 23.0% to Rs 64.0 crore. The company has a return on equity of 10.4%, a debt to equity ratio of 0.87 and a market capitalisation of Rs 8,187 crore. The stock trades at a P/E of 56.0, above the industry P/E of 37.0. Looking ahead, the company is widening its range into sports, casual and premium footwear and adding stores in smaller towns. A trusted brand and deep retail reach support steady demand.
How has SJS Enterprises performed financially?
Ans. Revenue rose from Rs 374 crore in FY22 to Rs 973 crore in FY26, a compound annual growth rate of 27.0%. Net profit grew from Rs 55.0 crore in FY22 to Rs 172 crore in FY26, which works out to a compound annual growth rate of 32.9%. In the June 2026 quarter, revenue grew 25.3% year on year to Rs 266 crore, while net profit rose 115.0% to Rs 74.4 crore. The company has a return on equity of 19.7%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 6,459 crore. The stock trades at a P/E of 30.5, below the industry P/E of 36.9. Looking ahead, premium finishes, electric vehicle styling and a rising number of parts per vehicle widen its addressable market. The company has also acquired overseas and domestic businesses, which deepen its product range and customer mix.
How has Banco Products (India) performed financially?
Ans. Revenue rose from Rs 1,963 crore in FY22 to Rs 3,995 crore in FY26, a compound annual growth rate of 19.4%. Net profit grew from Rs 152 crore in FY22 to Rs 482 crore in FY26, which works out to a compound annual growth rate of 33.3%. In the June 2026 quarter, revenue grew 20.9% year on year to Rs 1,190 crore, while net profit rose 11.7% to Rs 122 crore. The company has a return on equity of 28.6%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 8,345 crore. The stock trades at a P/E of 16.9, below the industry P/E of 35.2. Looking ahead, the company is growing its cooling systems range for commercial vehicles, off-highway machines and industrial uses and is widening its presence in overseas markets. Aftermarket sales add steady demand beyond new vehicle production.
What risks should investors check before buying footwear, vehicle decor and radiator stocks?
Ans. Investors should check a few risks before buying footwear, vehicle decor and radiator stocks. Consumer spending. Sales follow festivals, incomes and consumer mood. Production cycles. Vehicle output can vary with demand. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of footwear, vehicle decor and radiator stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 3 November 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
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