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 ₹ 2,184 Cr.
- Current Price ₹ 293
- High / Low ₹ 392 / 230
- Stock P/E 85.2
- 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 4.91 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: | 5% |
| 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 |
| Free Cash Flow | -69 | 37 | 43 | -11 | -10 | 27 | -50 |
| CFO/OP | -25% | 103% | 111% | 25% | 37% | 80% | 34% |
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% |
Insights
In beta| Mar 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Number of Stores Number |
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| Total Retail Area Mn Sq. Ft. |
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| Average Transaction Value INR |
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| Number of Bills Million |
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| Private Label Revenue Share % |
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| Sales Per Square Feet (Per Month) INR |
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Documents
Announcements
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Intimation Of Closure Of Retail Store Of The Company
2m - The Company has closed the operation of one store of Style Baazar at Brahmapur, Odisha today.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
24h - Received order to pay ₹1,30,000 settlement fee (paid) on March 30, 2026 for labeling irregularities.
- Closure of Trading Window 24 Mar
-
Intimation Of Opening Of A New Retail Store Of The Company
14 Mar - Opened new Style Baazar store in Karanjia, Odisha; total stores now 263 (14 Mar 2026).
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Intimation Of Opening Of A New Retail Store Of The Company
8 Mar - Opened new store at Avani Mall, West Bengal on March 8, 2026; total stores 262.
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.