Baazar Style Retail Limited (STYLEBAAZA)

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Baazar Style Retail Limited (STYLEBAAZA) · mywealthgrid

About

Baazar Style Retail Limited operates in specialty retail within Consumer Discretionary, with ₹2,779.55 Cr market cap and quarterly revenues of ₹375–532 Cr. The company is positioned in organized retail in India.

Face value: ₹5

Market cap

₹2,803 Cr

P/E

59.6×

P/B

6.1×

Dividend yield

ROE

11%

ROCE

9.5%

Debt / equity

0.77

OPM

14.4%

EPS (TTM)

₹6.3

Book value

₹60.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Earnings collapse: Mar 2026 shows ₹25.64 Cr net loss (EPS -3.44) versus ₹51.49 Cr profit in Sep 2025—verify operational drivers and sustainability
Margin instability: OPM fell from 19.16% (Dec 2025) to 10.35% (Mar 2026)—verify if operational execution or external factors drove deterioration
High valuation on weak profitability: P/E of 59.3 on loss-making quarter leaves minimal buffer for continued underperformance
Debt serviceability: D/E of 0.77 with recent losses—verify covenant headroom and refinancing capacity

Generated analysis · source review pending

Growth drivers

Sep 2025 delivered ₹531.66 Cr revenue with ₹51.49 Cr profit (13% OPM)—verify if repeatable seasonal peak or underlying operational strength
Margin recovery: Dec 2025 achieved 19.16% OPM; verify if management can restore this consistently and identify what drove Mar reversal
ROE of 10.98% suggests room to improve capital returns if growth investments or operational improvements deliver better results

Generated analysis · source review pending

509 historical price candles were omitted because the exchange source has not been verified.

₹368.4-9%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 8.6% (3-yr avg)
−Weak interest coverage of 1.4×

Research score

Structured signal from quality, growth, valuation and momentum.

44/100

Business quality: 27
Growth: 69
Valuation: 35

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	973	1,344	1,841
COGS	648	891	1,226
Gross profit	325	452	615
	183	263	350
	142	190	264
OPM %	14.6%	14.1%	14.4%
Depreciation	73	100	170
Interest	49	69	77
	10	-2	44
Profit before tax	29	19	61
Tax	7	4	14
Tax %	24.9%	22.3%	23.5%
	22	15	47
PAT margin %	2.3%	1.1%	2.6%
EPS (₹)	3.1	2	6.3
EPS adjusted (₹)	3.1	2	6.3
Annual report	—	Annual report for Mar 2025	—

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	35	35	37	37
Reserves	—	180	366	413
	—	178	166	348
	—	773	1,184	1,085
Total equity & liabilities	—	1,166	1,754	1,883
	468	620	1,020	954
CWIP	—	7	12	12
Investments	—	0	0	0
	—	539	723	917
Total assets	—	1,166	1,754	1,883

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	112	53	126
	-85	-103	-145
	-18	54	14
Net cash flow	9	4	-6
Free cash flow	27	-51	-19
CFO / Operating profit %	78.6%	27.8%	47.5%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 37%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 220%

Return on equity

7 years: —
5 years: —
3 years: 8%
Last year: 10%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	33.4%	33.7%	33.4%
EBITDA margin %	14.6%	14.1%	14.4%
EBIT margin %	7.1%	6.7%	5.1%
PAT margin %	2.3%	1.1%	2.6%
Working capital
Receivable days	0	0	0
Inventory days	244	214	203
Payable days	147	127	117
NWC days	96	86	86
Leverage
Current ratio	1.05	1.21	0.97
Debt to EBITDA	1.25	0.88	1.32
Debt to equity	0.83	0.41	0.77
Interest coverage	1.6	1.4	1.4
Asset turnover	0.83	0.77	0.98
Return ratios
Return on assets %	1.9%	0.8%	2.5%
Return on capital employed %	11.4%	10.4%	9.5%
Return on equity %	10.2%	3.6%	10.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	45.56%	45.56%	45.56%	45.56%	45.57%	45.71%	45.71%	45.71%	44.81%
	5.26%	6.53%	5.98%	2.53%	2.41%	3.13%	2.4%	1.68%	1.69%
	10.39%	9.96%	10.43%	11.15%	11.28%	10.36%	8.69%	6.65%	5.95%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%
	38.79%	37.95%	38.03%	40.76%	40.74%	40.8%	43.2%	45.96%	47.55%
No. of shareholders	—	—	—	—	—	75,205	73,945	68,004	58,870

Promoter holding down 0.75 percentage points since Jun 2024.

82 deals · 6 Sept 2024 – 28 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Sept 2026	BHAGWAN PRASAD	Bulk	NSE	Sell	14,51,000	₹392.38	₹56.93 Cr
28 Sept 2026	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Sell	4,00,000	₹394.55	₹15.78 Cr
28 Sept 2026	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Buy	4,00,000	₹394.53	₹15.78 Cr
28 Sept 2026	SACHCHIYAY STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Buy	4,00,000	₹394.02	₹15.76 Cr
22 Sept 2026	SHRUTI MOHTA	Bulk	NSE	Sell	6,70,000	₹376.34	₹25.21 Cr
18 Aug 2026	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Sell	6,66,172	₹402.65	₹26.82 Cr
18 Aug 2026	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	BSE	Buy	4,15,002	₹403.11	₹16.73 Cr
18 Aug 2026	ANKUSH KEDIA	Bulk	NSE	Sell	3,81,000	₹402.65	₹15.34 Cr
18 Aug 2026	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Buy	1,76,179	₹402.64	₹7.09 Cr
18 Aug 2026	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	BSE	Sell	43	₹403.21	₹0.00 Cr

1–10 of 82

1 / 9

Mr. Rohit KediaExecutive Director-Chairperson related to Promoter
Ms. Dipti AgarwalChief Risk Officer
Mr. Shreyans SuranaExecutive Director-MD
Mr. Pradeep Kumar AgarwalExecutive Director
Mr. Bhagwan PrasadExecutive Director
Mrs. Ushma Sheth SuleNon-Executive - Non Independent Director
Mr. Dhanpat Ram AgarwalNon-Executive - Independent Director
Mrs. Richa Manoj GoyalNon-Executive - Independent Director
Mr. Saurabh MittalNon-Executive - Independent Director
Mr. Prashant SinghaniaNon-Executive - Independent Director
Mr. Rishabh Narendra JainNon-Executive - Independent Director

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F&O

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Schemes holding

across 1 fund houses

Held by these funds

1.87%

of the company's equity

All mutual funds

4.36%

shareholding pattern, Jun 2026

Portfolios as of

June 2026

no prior month

2 schemes

		Shares
Value Fund	HDFC Mutual Fund	10.57 L	29.51	0.39%	1.389%	—
Consumption Fund	HDFC Mutual Fund	3.65 L	10.19	1.02%	0.48%	—

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Annual Report FY2025from bse Summary

Investor Presentation and earnings call

Feb 2026TranscriptAI SummaryPPT REC
Nov 2025TranscriptAI SummaryPPT REC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

48 announcementsExport CSV

21 Sept 2026, 12:15 pmCompany Update

Intimation Of Closure Of Retail Store Of The Company

General PDF

11 Sept 2026, 4:21 pmCompany Update

Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, We Wish To Inform You That Baazar Style Retail Limited ("Style Baazar") Has Been Awarded A Guinness World Record™ Title For Creating The World''s Largest Fashion Wardrobe, A Unique Installation Measuring 50 Feet × 25 Feet At City Centre 1, Salt Lake, Bidhannagar, Kolkata.

General PDF

4 Sept 2026, 12:00 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Sept 2026, 9:14 pmCompany Update

Letter To The Members Pursuant To Regulation 36(1)(B) Of SEBI (LODR) Regulations, 2015

General PDF

3 Sept 2026, 9:05 pmOthers

Business Responsibility and Sustainability Reporting (BRSR)

Business Responsibility and Sustainability Reporting (BRSR) PDF

3 Sept 2026, 9:02 pmOthers

Business Responsibility and Sustainability Reporting (BRSR)

Business Responsibility and Sustainability Reporting (BRSR) PDF

3 Sept 2026, 8:47 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

3 Sept 2026, 8:30 pmAGM/EGM

Notice Of The 13Th Annual General Meeting Of The Company For The Financial Year 2025-26

AGM PDF

Date	Category	Subject	Filing
21 Sept 2026, 12:15 pm	Company Update General	Intimation Of Closure Of Retail Store Of The Company	PDF
11 Sept 2026, 4:21 pm	Company Update General	Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, We Wish To Inform You That Baazar Style Retail Limited ("Style Baazar") Has Been Awarded A Guinness World Record™ Title For Creating The World''s Largest Fashion Wardrobe, A Unique Installation Measuring 50 Feet × 25 Feet At City Centre 1, Salt Lake, Bidhannagar, Kolkata.

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Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	33.4%	33.7%	33.4%
EBITDA margin %	14.6%	14.1%	14.4%
EBIT margin %	7.1%	6.7%	5.1%
PAT margin %	2.3%	1.1%	2.6%
Working capital
Receivable days	0	0	0
Inventory days	244	214	203
Payable days	147	127	117
NWC days	96	86	86
Leverage
Current ratio	1.05	1.21	0.97
Debt to EBITDA	1.25	0.88	1.32
Debt to equity	0.83	0.41	0.77
Interest coverage	1.6	1.4	1.4
Asset turnover	0.83	0.77	0.98
Return ratios
Return on assets %	1.9%	0.8%	2.5%
Return on capital employed %	11.4%	10.4%	9.5%
Return on equity %	10.2%	3.6%	10.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lenskart Solutions LimitedLENSKARTLENSKART	₹1,20,170 Cr	₹1,20,390 Cr	₹9,634 Cr	₹2,005 Cr	19.9%	₹655 Cr	5.7%	8.6%	6.7%	19
Vedant Fashions LimitedMANYAVARMANYAVAR	₹12,617 Cr	₹12,617 Cr	₹1,345 Cr	₹652 Cr	48.1%	₹403 Cr	30.3%	30.4%	27.6%	198
Aditya Birla Lifestyle Brands LimitedABLBLABLBL	₹9,085 Cr	₹9,919 Cr	₹8,601 Cr	₹1,389 Cr	16%	₹176 Cr	2%	15.6%	23.3%	59
Aditya Vision LimitedAVLAVL	₹7,388 Cr	₹7,719 Cr	₹2,924 Cr	₹263 Cr	8.5%	₹139 Cr	4.4%	23.7%	18.4%	104
V2 Retail LimitedV2RETAILV2RETAIL	₹7,343 Cr	₹7,597 Cr	₹3,432 Cr	₹508 Cr	14.9%	₹179 Cr	5.3%	22%	26%	116
Aditya Birla Fashion And Retail LimitedABFRLABFRL	₹5,435 Cr	₹7,129 Cr	₹8,371 Cr	₹675 Cr	8%	₹-779 Cr	-10.2%	-2.9%	-12.3%	68
Ss Retail LimitedSSRETAILSSRETAIL	₹5,315 Cr	—	₹2,351 Cr	₹125 Cr	5.3%	₹60 Cr	2.5%	28.7%	26.5%	—
Arvind Fashions LimitedARVINDFASNARVINDFASN	₹5,073 Cr	₹5,604 Cr	₹5,437 Cr	₹731 Cr	13.4%	₹120 Cr	3.5%	23%	12.9%	52
Purple Style Labs LimitedPERNIASPOPPERNIASPOP	₹4,363 Cr	₹4,734 Cr	₹558 Cr	₹21 Cr	3.8%	₹-285 Cr	-51.2%	-24.9%	-875.1%	131
Shankara Buildpro LimitedBUILDPROBUILDPRO	₹3,023 Cr	₹3,084 Cr	₹6,826 Cr	₹227 Cr	3.3%	₹128 Cr	1.9%	40%	23.4%	24
Baazar Style Retail LimitedSTYLEBAAZASTYLEBAAZA	₹2,803 Cr	₹3,151 Cr	₹1,950 Cr	₹279 Cr	14.4%	₹47 Cr	2.6%	9.5%	11%	86
Go Fashion (India) LimitedGOCOLORSGOCOLORS	₹1,551 Cr	₹1,551 Cr	₹838 Cr	₹229 Cr	28.3%	₹53 Cr	7.1%	11.5%	8.5%	334

Baazar Style Retail Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Board meetings1

Announcements

Not in the F&O segment

Ratio timeline

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1