Baazar Style Retail Ltd
Incorporated in June 2013, Bazaar Style Retail Limited is a fashion retailer operating in West Bengal and Odisha.[1]
- Market Cap ₹ 2,453 Cr.
- Current Price ₹ 328
- High / Low ₹ 392 / 204
- Stock P/E 95.7
- Book Value ₹ 61.2
- Dividend Yield 0.00 %
- ROCE 8.94 %
- ROE 7.05 %
- Face Value ₹ 5.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 35.2% CAGR over last 5 years
Cons
- Stock is trading at 5.36 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 7.37% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Services Retailing Speciality Retail
Part of BSE Allcap BSE Consumer Discretionary
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 538 | 629 | 427 | 551 | 788 | 973 | 1,344 | 1,721 | |
| 506 | 564 | 379 | 482 | 685 | 829 | 1,151 | 1,465 | |
| Operating Profit | 32 | 65 | 47 | 69 | 103 | 143 | 192 | 257 |
| OPM % | 6% | 10% | 11% | 13% | 13% | 15% | 14% | 15% |
| 1 | 2 | 15 | 9 | 5 | 9 | -5 | 64 | |
| Interest | 10 | 35 | 34 | 35 | 41 | 49 | 69 | 81 |
| Depreciation | 11 | 45 | 48 | 53 | 61 | 73 | 100 | 152 |
| Profit before tax | 12 | -13 | -20 | -10 | 5 | 29 | 19 | 88 |
| Tax % | 34% | -24% | -11% | -20% | 6% | 25% | 22% | |
| 8 | -10 | -18 | -8 | 5 | 22 | 15 | 66 | |
| EPS in Rs | 17.54 | -22.62 | -41.95 | -2.41 | 1.46 | 3.15 | 1.98 | 8.86 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 35% |
| TTM: | 41% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 72% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 46% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 7% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 33 | 35 | 35 | 37 | 37 |
| Reserves | 113 | 103 | 85 | 110 | 159 | 180 | 367 | 420 |
| 89 | 345 | 348 | 409 | 490 | 657 | 996 | 872 | |
| 185 | 193 | 164 | 201 | 183 | 293 | 354 | 417 | |
| Total Liabilities | 391 | 645 | 602 | 754 | 867 | 1,166 | 1,754 | 1,746 |
| 99 | 352 | 338 | 386 | 468 | 620 | 1,020 | 923 | |
| CWIP | 3 | 3 | 2 | 3 | 2 | 7 | 14 | 18 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 289 | 291 | 262 | 365 | 397 | 539 | 720 | 805 | |
| Total Assets | 391 | 645 | 602 | 754 | 867 | 1,166 | 1,754 | 1,746 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -13 | 63 | 52 | 16 | 33 | 112 | 53 | |
| -56 | -26 | -9 | -27 | -43 | -85 | -103 | |
| 75 | -46 | -42 | 29 | -8 | -18 | 54 | |
| Net Cash Flow | 6 | -9 | 2 | 18 | -18 | 9 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 230 | 193 | 244 | 272 | 217 | 244 | 214 |
| Days Payable | 163 | 141 | 179 | 175 | 113 | 147 | 127 |
| Cash Conversion Cycle | 67 | 51 | 65 | 97 | 103 | 96 | 86 |
| Working Capital Days | 10 | 0 | -14 | 2 | 23 | 4 | 25 |
| ROCE % | 7% | 3% | 5% | 8% | 10% | 9% |
Documents
Announcements
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Intimation Of Opening Of A New Retail Store Of The Company
1d - Opened new Style Baazar store in Gonda, UP on Feb 18, 2026; total stores now 256.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Letter dated February 13, 2026, whereby the Company has submitted the link to the audio recording of conference call with Investor/analysts, held post announcement of …
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Baazar Style Retail Limited Has informed About General Updates
16 Feb - Allotment of 1,01,00,000 warrants at ₹328.25 each to Cupid Limited, aggregating ₹331.53 crore.
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Intimation Of Opening Of A New Retail Store Of The Company
14 Feb - Opened new Style Baazar store at Padri Bazar, Uttar Pradesh; total stores 255 (14 Feb 2026).
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 13 Feb
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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May 2025TranscriptAI SummaryPPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Oct 2024Transcript PPT
Business Profile[1] Baazar Style Retail is a value fashion retailer offering quality and affordable clothing and home goods.