MarketFriction

Baazar Style Retail Ltd

NSE STYLEBAAZA · BSE 544243 · Speciality Retail
₹368.35 -4.26%
NSE close2026-10-01
52 week range229.95 - 447.10
Market cap₹3,082 Cr.
P/E113
IPO 2024 · -5% since Price band 5% Delivery 60.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales188.45333.10223.42275.71310.91411.60345.32377.44531.66466.46465.71486.38
Expenses179.86257.22199.82233.68286.50328.29305.41319.58462.52377.09417.53414.42
Operating Profit8.5975.8823.6042.0324.4183.3139.9157.8669.1489.3748.1871.96
OPM %4.56%22.78%10.56%15.24%7.85%20.24%11.56%15.33%13.00%19.16%10.35%14.80%
Other Income1.155.931.33-7.622.181.901.782.5259.030.91-18.723.49
Interest13.1011.3713.9314.0815.9217.3421.6923.5117.0318.5617.7420.28
Depreciation17.5419.1519.7520.9322.4927.0929.3834.0142.2246.1547.7451.83
Profit before tax-20.9051.29-8.75-0.60-11.8240.78-9.382.8668.9225.57-36.023.34
Tax %-25.93%25.23%-26.63%-35.00%-24.70%25.40%-31.77%27.62%25.28%25.85%-28.82%32.93%
Net Profit-15.4838.35-6.41-0.39-8.8930.42-6.402.0751.4918.97-25.642.23
EPS in Rs-2.225.49-0.92-0.06-1.194.08-0.860.286.902.54-3.440.29
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5386294275517889731,3431,8411,950
Expenses5065643794826858291,1511,5751,672
Operating Profit32654769103143192266279
OPM %6%10%11%13%13%15%14%14%14%
Other Income1215959-44245
Interest103534354149697774
Depreciation114548536173100170188
Profit before tax12-13-20-10529196162
Tax %34%-24%-11%-20%6%25%22%24%
Net Profit8-10-18-8522154747
EPS in Rs17.54-22.62-41.95-2.411.463.151.986.286.29
Dividend Payout %0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%34%33%35%
Compounded Profit Growth%20%18%60%
Stock Price CAGR%%%9%
Return on Equity%4%6%2%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4443335353737
Reserves11310385110159180367413
Borrowings89345348409490657996995
Other Liabilities185193164201183293354437
Total Liabilities3916456027548671,1661,7541,883
Fixed Assets993523383864686201,020954
CWIP3323271422
Investments00000000
Other Assets289291262365397539720907
Total Assets3916456027548671,1661,7541,883
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-136352163311253126
Cash from Investing Activity-56-26-9-27-43-85-103-145
Cash from Financing Activity75-46-4229-8-185414
Net Cash Flow6-9218-1894-6
Free Cash Flow-693743-11-1027-50-22
CFO/OP-25%103%111%25%37%80%34%52%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days00000000
Inventory Days230193244272217244214203
Days Payable163141179175113147127117
Cash Conversion Cycle67516597103968686
Working Capital Days100-14223425-8
ROCE %7%3%5%8%10%9%8%
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters45.56%45.56%45.57%45.57%45.71%45.71%45.71%44.80%
FIIs6.53%5.98%2.53%2.41%3.13%2.40%1.68%1.69%
DIIs9.96%10.44%11.15%11.29%10.35%8.69%6.65%5.94%
Public37.96%38.02%40.75%40.75%40.80%43.20%45.96%47.55%
No. of Shareholders1,12,77589,59887,27384,43275,20573,94568,00458,870

Fundamentals

Market Cap₹ 3,082 Cr.
Current Price₹ 405
Stock P/E113
Book Value₹ 60.4
ROCE7.57 %
ROE2.20 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)35%
Compounded Profit Growth (TTM)60%
Standalone figures.
Valuation
Market capRs 2,573 Cr
Enterprise valueRs 3,216 Cr
P/E (TTM)54.69x
Price to book11.96x
Price to sales1.32x
EV / EBITDA9.94x
EV / EBIT23.75x
EV / sales1.65x
Price to cash flow23.01x
Earnings yield1.83%
Profitability
Operating margin (excl. other income)14.75%
Operating margin (incl. other income)15.64%
EBITDA margin16.58%
Pre-tax margin3.17%
Net profit margin2.41%
Net margin, latest quarter0.46%
ROE10.76%
ROCE10.11%
ROA2.16%
ROE, 3-year average2.31%
ROCE, 3-year average7.60%
ROA, 3-year average0.54%
ROE, 5-year average-4.08%
ROCE, 5-year average6.52%
ROA, 5-year average-0.64%
ROIC (approx.)11.86%
Tax rate24.90%
Other income / net worth4.03%
Growth
Sales growth (latest year)23.45%
Profit growth (latest year)331.18%
Sales CAGR, 3 years31.60%
Sales CAGR, 5 years12.57%
Profit CAGR, 5 years23.55%
Sales growth QoQ4.44%
Sales growth YoY (latest quarter)28.86%
Profit growth YoY (latest quarter)7.73%
Per share
EPS (TTM)Rs 6.74
EPS (latest year)Rs 3.15
EPS (latest quarter)Rs 0.32
EPS, 3-year averageRs 0.73
EPS, 5-year averageRs -12.47
Book value per shareRs 30.80
Sales per shareRs 279.18
Cash flow per shareRs 16.01
Free cash flow per shareRs -3.15
Efficiency
Asset turnover0.83x
Fixed asset turnover1.57x
Inventory turnover1.58x
Inventory days231 days
Creditor days117 days
Cash conversion cycle86 days
Working capital days-8 days
Leverage
Total debtRs 657 Cr
Cash and bankRs 15 Cr
Net debtRs 643 Cr
Debt to equity3.06x
Net debt / EBITDA1.99x
Interest coverage1.84x
Current ratio (filing 2026-03-31)0.97x
Quick ratio (filing 2026-03-31)0.18x
Trade payables (filing 2026-03-31)Rs 394 Cr
Owners' fund to total sources18.46%
Debt to assets56.40%
Cash flow
Cash from Operating Activity (latest year)Rs 112 Cr
Cash from Investing Activity (latest year)Rs -85 Cr
Cash from Financing Activity (latest year)Rs -18 Cr
Net Cash Flow (latest year)Rs 9 Cr
Free cash flow (latest year)Rs -22 Cr
FCFE (approx.: FCF + change in debt)Rs 145 Cr
Cash from ops / profit, 5 years4.20x
Sales to cash flow8.70x
Statement figures
Net sales (TTM)Rs 1,950 Cr
Net sales (latest year)Rs 973 Cr
Sales (latest quarter)Rs 486 Cr
Operating profit excl. other income (latest year)Rs 143 Cr
Operating profit (latest quarter)Rs 72 Cr
Other income (TTM)Rs 45 Cr
EBITDA (TTM)Rs 323 Cr
PBDT (TTM)Rs 250 Cr
Profit before tax (TTM)Rs 62 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 47 Cr
Net profit (latest year)Rs 22 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 188 Cr
Depreciation (latest quarter)Rs 52 Cr
Interest (TTM)Rs 74 Cr
Cost of goods sold (latest year)Rs 684 Cr
Total expenditure (latest year)Rs 829 Cr
Total income (latest year)Rs 981 Cr
Share capitalRs 35 Cr
ReservesRs 180 Cr
Shareholders' fundsRs 215 Cr
Total assetsRs 1,166 Cr
Net blockRs 620 Cr
Capital work in progressRs 7 Cr
InvestmentsRs 0 Cr
InventoryRs 433 Cr
Other liabilitiesRs 293 Cr
Shares outstanding (crore)6.99
Ownership
Promoter holding44.80% (-0.77 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 11.96 is at the 50th percentile (median 11.73).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSTYLEBAAZANifty 50Difference
1 week-0.6%-2.8% +2.2 pts
1 month-7.5%-6.8% -0.7 pts
3 months+14.0%-7.6% +21.6 pts
6 months+35.0%+0.4% +34.6 pts
1 year+3.1%-9.9% +13.0 pts
2 years+2.2%-13.6% +15.8 pts
3 mutual fund schemes hold about ₹40 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Value Fund0.48%40
HDFC Consumption Fund0.00%0
Bandhan Small Cap Fund0.00%0

Red flags

F-score 6 of 7
lookRegulator order or action Regulator order or action 2026-03-31: Baazar Style Retail Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹486 Cr +28.9% vs Jun 2025. Net profit ₹2 Cr +7.7%.

Activity

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DateClientSideQtyPrice
2026-09-28Sachchiyay Stock Broking Private LimitedBUY400,000394.02
2026-09-28Mansi Share And Stock Broking Private LimitedSELL400,000394.55
2026-09-28Mansi Share And Stock Broking Private LimitedBUY400,000394.53
2026-09-28Bhagwan PrasadSELL1,451,000392.38
No corporate actions on record.
DateTypeWhat it says
2026-09-26UpdatesAllotment of 10,00,000 Securities by conversion of warrants into Equity Shares pursuant to preferential issue.
2026-09-25Press ReleaseA press release dated September 25, 2026, titled "Baazar Style Retail Limited brings global Football to Kolkata as Principal partner for Indias Marque...
2026-09-25ResignationResignation of Director/KMP/SMP
2026-09-25ResignationResignation of Mr Pradeep Kumar Agarwal as Executive Director of the company w.e.f. September 25, 2026.
2026-09-25Shareholder meetingBaazar Style Retail Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-25UpdatesIntimation of opening of a new retail store of the Company.
2026-09-24ResignationResignation of Director/KMP/SMP
2026-09-24ResignationResignation of Mr Rohit Kedia as Executive Director of the company w.e.f. September 24, 2026.
2026-09-23UpdatesIntimation of opening of a new retail store of the Company.
2026-09-21UpdatesIntimation of closure of a retail store of the Company.
2026-09-11Press ReleaseA press release dated September 11, 2026, titled "Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulat...
2026-09-03UpdatesThe letter sent to shareholders providing weblink of Annual Report for FY 2025-26.
2026-09-03Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-09-02Change in ManagementChange in Management
2026-09-02Board meeting outcomeOutcome of Board Meeting held on September 02, 2026.
2026-08-30UpdatesIntimation Of Opening Of New Retail Store Of The Company.
2026-08-29Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-29UpdatesIntimation of opening of new retail stores of the Company.
2026-08-26UpdatesIntimation Of Opening Of New Retail Store Of The Company.
2026-08-25UpdatesIntimation of opening of a new retail store of the Company.
2026-08-22UpdatesIntimation Of Closure Of Retail Store Of The Company.
2026-08-21UpdatesDisclosures received by the Company under Regulation 7(2)(a) of SEBI (PIT) Regulations, 2015 from the Designated Person in Form-C.
2026-08-20ResignationResignation of Mrs. Richa Manoj Goyal and Mr. Prashant Singhania as Non- Executive Independent Directors of the company w.e.f. August 20, 2026.
2026-08-19ResignationResignation of Mrs. Ushma Sheth Sule as Non- Executive Director of the company w.e.f. August 19, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Baazar Style Retail Ltd?

Baazar Style Retail Ltd (STYLEBAAZA) has a market capitalisation of Rs 3,082 Cr. at the 2026-10-01 close.

What is the P/E ratio of Baazar Style Retail Ltd?

Baazar Style Retail Ltd trades at a P/E of 113 on trailing twelve-month profit, at the 2026-10-01 close.

What were Baazar Style Retail Ltd's latest quarterly results?

In the Jun 2026 quarter, Baazar Style Retail Ltd sales was Rs 486 Cr (+28.9% vs Jun 2025) and net profit was Rs 2 Cr.

What is the 52-week high and low of Baazar Style Retail Ltd?

The 52-week high is Rs 447.10 and the 52-week low is Rs 229.95.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03