Baazar Style Retail Limited
NSE: STYLEBAAZASpeciality Retail
Share price
₹372.35
-1.99% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
60
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹2,755 Cr
P/E ratio
101.0
P/B ratio
6.2
ROCE
7.6%
ROE
2.1%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 34.9% over the past year, and 38.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 13.3% to 14.3% over the last two years.
Whether it grew faster than its sector
It grew 38.5% a year against a sector median of 13.9% — 24.6 percentage points faster.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 5.6 times its growth rate, on earnings growth of 18%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Baazar Style Retail Limited — this one | 18%/yr | 101.0× | ₹5.6 |
| Trent Limited | 71%/yr | 83.9× | ₹1.2 |
| Lenskart Solutions Limited | 110%/yr | 172.4× | — |
| Vedant Fashions Limited | -5%/yr | 30.5× | — |
| Aditya Birla Lifestyle Brands Limited | — | 41.2× | — |
| Aditya Vision Limited | 23%/yr | 56.5× | ₹2.5 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Speciality Retail), it ranks 13 of 18 on returns, 5 of 17 on growth, 10 of 18 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 7.6% on capital, ahead of 28% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the 4 years of cash statements on file it made ₹324 crore of cash from the business but spent ₹378 crore on plant and equipment, ₹54 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹490 crore to ₹995 crore.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
6 of 9 checks clear · 67%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 13 Aug 2026 · Consolidated · Unaudited
Revenue
₹486 Cr
Revenue vs last year
+28.7%
Revenue vs last quarter
+4.4%
Net profit
₹2 Cr
Profit vs last year
+11.5%
Net margin
0.5%
EPS
₹0.30
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹2,755 Cr
- Prev close
- ₹372.35
- 52w High
- ₹447
- 52w Low
- ₹230
- Enterprise value
- ₹3,737 Cr
- Beta
- 1.2
- Price CAGR 1y
- 13.0%
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 2.5%
- PEG ratio
- 5.8
- P/E ratio
- 101.0
- P/B ratio
- 6.2
- EV / EBITDA
- 13.4
- Industry P/E
- 41.1
- ROCE
- 7.6%
- ROCE 5y average
- 9.0%
- ROE
- 2.1%
- Debt / Equity
- 2.2
- Interest coverage
- 1.8
- Dividend yield
- 0.0%
- ROE 3y average
- 6.0%
- ROE last year
- 2.0%
Annual P&L
- Annual revenue
- ₹1,841 Cr
- Annual profit
- ₹47 Cr
- Operating margin
- 14.0%
- Net profit margin
- 2.6%
- EBITDA margin
- 14.4%
- Sales growth 3y
- 32.7%
- Sales growth 5y
- —
- Profit growth 3y
- 18.0%
- Profit growth 5y
- —
- EPS
- ₹6.3
- Sales growth TTM
- 35.0%
- Profit growth TTM
- 60.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹486 Cr
- Profit latest quarter
- ₹2 Cr
- YoY quarterly sales growth
- 28.7%
- YoY quarterly profit growth
- 8.3%
- OPM latest quarter
- 14.8%
Balance Sheet
- Book Value
- ₹60.8
- Face Value
- ₹5.0
- Total debt
- ₹995 Cr
- Total cash
- ₹13 Cr
- Borrowings
- ₹995 Cr
- Reserves / Equity
- 11.2
Cash Flow
- Operating cash flow
- ₹126 Cr
- Free cash flow
- -₹22 Cr
- FCF yield
- -3.6%
- Net cash flow
- -₹6 Cr
Shareholding
- Promoter holding
- 37.6%
- FII holding
- 2.1%
- DII holding
- 1.4%
- Public holding
- 59.0%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Trent | 2,893.65 | 84.4 | 1,54,299 | 0.14 | 518.1 | 20.8 | 5,754.7 | 17.8 | 28.3 |
| Lenskart Solut. | 649.30 | 171.5 | 1,12,933 | 0.00 | 228.4 | 240.3 | 2,714.2 | 43.3 | 8.1 |
| Vedant Fashions | 490.95 | 30.9 | 11,929 | 1.63 | 80.6 | 14.7 | 301.4 | 7.2 | 22.8 |
| A B Lifestyle | 71.93 | 41.1 | 8,779 | 0.68 | 29.0 | 20.6 | 2,045.7 | 11.2 | 15.0 |
| Aditya Vision | 599.00 | 55.2 | 7,735 | 0.20 | 77.2 | 40.0 | 1,192.7 | 26.9 | 17.1 |
| V2 Retail | 154.75 | 34.4 | 5,643 | 0.00 | 41.9 | 51.0 | 997.2 | 58.4 | 19.5 |
| Aditya Bir. Fas. | 43.41 | 5,298 | 0.00 | -248.7 | -1.5 | 2,025.6 | 10.6 | -3.8 | |
| Baazar Style | 374.95 | 104.7 | 2,854 | 0.00 | 2.2 | 13.8 | 486.4 | 28.7 | 7.6 |
| Median | 154.75 | 34.4 | 2,854 | 0.00 | 7.8 | 14.3 | 470.9 | 16.6 | 15.0 |
Competes with: Aditya Birla Fashion and Retail Limited, Aditya Birla Lifestyle Brands Limited, Aditya Vision Limited, Arvind Fashions Limited, Lenskart Solutions Limited, SS Retail Limited, Trent Limited, V2 Retail Limited, Vedant Fashions Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 228 | 188 | 333 | 224 | 276 | 311 | 412 | 345 | 378 | 532 | 466 | 466 | 486 |
| Expenses | 194 | 180 | 257 | 200 | 234 | 287 | 328 | 305 | 320 | 463 | 377 | 418 | 414 |
| Material Cost | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Change in Inventories | -146 | 79 | -115 | 48 | -171 | 124 | |||||||
| Purchases of Stock-in-Trade | 377 | 163 | 485 | 242 | 497 | 196 | |||||||
| Employee Cost | 32 | 34 | 41 | 40 | 40 | 41 | |||||||
| Other Expenses | 42 | 44 | 52 | 47 | 52 | 52 | |||||||
| Operating Profit | 34 | 8.59 | 76 | 24 | 42 | 24 | 83 | 40 | 58 | 69 | 89 | 48 | 72 |
| OPM % | 15 | 4.56 | 23 | 11 | 15 | 7.84 | 20 | 12 | 15 | 13 | 19 | 10 | 15 |
| Other Income | 1.54 | 1.15 | 5.93 | 1.32 | -7.62 | 2.17 | 1.89 | 1.77 | 2.13 | 59 | 0.90 | -19 | 3.49 |
| Exceptional items (within Other Income) | 0 | -0.77 | 55 | -1.34 | -21 | 0 | |||||||
| Interest | 11 | 13 | 11 | 14 | 14 | 16 | 17 | 22 | 24 | 17 | 19 | 18 | 20 |
| Depreciation | 17 | 18 | 19 | 20 | 21 | 22 | 27 | 29 | 34 | 42 | 46 | 48 | 52 |
| Profit before tax | 7.62 | -21 | 51 | -8.77 | -0.64 | -12 | 41 | -9.38 | 2.84 | 69 | 26 | -36 | 3.33 |
| Tax % | 28 | -26 | 25 | -27 | -34 | -25 | 25 | -32 | 28 | 25 | 26 | -29 | 33 |
| Net Profit | 5.52 | -15 | 38 | -6.43 | -0.42 | -8.94 | 30 | -6.39 | 2.06 | 51 | 19 | -26 | 2.23 |
| EPS in Rs | 1.58 | -2.22 | 5.49 | -0.92 | -0.06 | -1.20 | 4.08 | -0.86 | 0.28 | 6.90 | 2.54 | -3.44 | 0.29 |
| Diluted EPS in Rs | -0.86 | 0.28 | 6.90 | 2.54 | -3.44 | 0.29 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 788 | 973 | 1,343 | 1,841 | 1,950 |
| Expenses | 685 | 829 | 1,151 | 1,575 | 1,672 |
| Material Cost | 0 | 0 | |||
| Change in Inventories | -139 | -160 | |||
| Purchases of Stock-in-Trade | 1,030 | 1,387 | |||
| Employee Cost | 116 | 155 | |||
| Other Expenses | 147 | 195 | |||
| Operating Profit | 103 | 143 | 192 | 266 | 279 |
| OPM % | 13 | 15 | 14 | 14 | 14 |
| Other Income | 5 | 9 | -4 | 42 | 45 |
| Exceptional items (within Other Income) | -11 | 33 | |||
| Interest | 41 | 49 | 69 | 77 | 74 |
| Depreciation | 61 | 73 | 100 | 170 | 188 |
| Profit before tax | 5 | 29 | 19 | 61 | 62 |
| Tax % | 6 | 25 | 22 | 24 | |
| Net Profit | 5 | 22 | 15 | 47 | 47 |
| EPS in Rs | 1.46 | 3.14 | 1.96 | 6.28 | 6.29 |
| Diluted EPS in Rs | 2.02 | 6.28 | |||
| Dividend Payout % | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- —
- 3 years
- 33%
- TTM
- 35%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- 18%
- TTM
- 60%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- —
- 1 year
- 13%
Return on equity
- 10 years
- —
- 5 years
- —
- 3 years
- 6%
- Last year
- 2%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 35 | 35 | 37 | 37 |
| Reserves | 159 | 180 | 366 | 413 |
| Borrowings | 490 | 657 | 996 | 995 |
| Other Liabilities | 183 | 293 | 354 | 437 |
| Minority Interest | 0 | 0 | ||
| Total Liabilities | 867 | 1,166 | 1,754 | 1,883 |
| Fixed Assets | 468 | 620 | 1,020 | 954 |
| CWIP | 2 | 7 | 14 | 22 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 397 | 539 | 720 | 907 |
| Total Assets | 867 | 1,166 | 1,754 | 1,883 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from Operating Activity | 33 | 112 | 53 | 126 |
| Cash from Investing Activity | -43 | -85 | -103 | -145 |
| Cash from Financing Activity | -8 | -18 | 54 | 14 |
| Net Cash Flow | -18 | 9 | 4 | -6 |
| Free Cash Flow | -10 | 27 | -50 | -21 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 |
| Inventory Days | 217 | 244 | 214 | 203 |
| Days Payable | 113 | 148 | 127 | 117 |
| Cash Conversion Cycle | 103 | 97 | 86 | 86 |
| Working Capital Days | 23 | 3 | 25 | -8 |
| ROCE % | 10 | 9 | 8 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
982inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
44,55,152inr
2026-03-31
stores / outlets at period end
276count
2026-06-30
News
News and filings about Baazar Style Retail Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Consumer Services
- Industry
- Speciality Retail
- Classification
- Consumer Services › Speciality Retail
- ISIN
- INE01FR01028
News impact
Big market events that reach Baazar Style Retail Limited, and how the effect spreads.
22 Sept, 00:01 IST · Market event · high impact
Lenskart Bulk Deal: AIDIA Arm Pares Stake Worth Rs 2,930 Crore
A big Abu Dhabi investor sold Rs 2,930 crore of eyewear seller Lenskart, hurting current holders on a likely dip while letting new buyers buy cheaper.
Who it hits first
- Lenskart Solutions, the eyewear retailer, faces selling pressure after an Abu Dhabi investor arm sold Rs 2,930 crore of its shares in one block.
- The seller cut its holding to 7.76% from 9.77%, putting about 2 points of the company into new hands at once.
- The share price will likely dip while buyers absorb the extra supply, though Lenskart shops and sales are unchanged.
Who may gain
- Institutional buyers who took the Rs 2,930 crore block, likely at a discount to the market price
- New buyers who can pick up Lenskart shares cheaper if the stock dips after the sale
- Traders supplying liquidity around the block who earn spreads as shares change hands
Along the supply chain
Downstream
No downstream change — Lenskart stores and online sales run as before, since only the shareholder list changed.
Upstream
No direct supply-chain link — purely capital-flow event; makers of lenses and frames see no change in orders.
Where demand moves
Business
No change in customer demand for glasses — this is a sale of shares between investors, not a change in Lenskart stores, prices or sales.
Capital
Rs 2,930 crore of Lenskart shares moved from the ADIA arm to new holders, creating extra supply that can push the price down until absorbed, with ADIA still holding 7.76%.
How it spreads across sectors
Consumer Durables
Negligible effect — an eyewear share sale has no link to demand for paints, appliances or jewellery.
Consumer Services
Mild sentiment drag on retail peers such as Trent and Vedant Fashions as a big block reminds investors of extra share supply, but shopper demand is unchanged.
When it plays out
Immediate
1-7 days: Lenskart dips on block supply and discount talk while peers wobble slightly; volume stays high.
Medium term
1-6 months: price driven again by Lenskart sales and profits; overhang fades unless ADIA sells more.
Short term
1-4 weeks: Lenskart steadies as the placed block settles and the ADIA 7.76% remainder overhang is priced; peers decouple.
15 Sept, 05:00 IST · Market event · medium impact
EaseMyTrip co-founder pledges 34.51cr shares to Motilal Oswal Financial Services
A founder of travel website EaseMyTrip has pawned a tenth of the company for a loan — a red flag that usually pushes the shares down.
Who it hits first
- EaseMyTrip faces ~10% pledge-supply overhang plus forced-sale risk on any margin call.
- Small travel peers (Yatra, Ixigo, TBO) derate on sentiment contagion despite clean holdings.
- Consumer-services small-caps broadly soften as promoter-finance headlines spook the tape.
Who may gain
- Zero-pledge travel peers (Ixigo, Yatra, TBO) may attract rotation once the dust settles.
Along the supply chain
Downstream
Travelers and agents see zero impact; bookings, refunds and service run normally.
Upstream
No direct supply-chain link — a promoter-financing event, not an operations event.
Where demand moves
Business
No business-demand impact — travel bookings do not change on promoter financing; this is purely a share-supply event.
Capital
Money exits EaseMyTrip on overhang fears; trims small travel broadly; rotates to clean-holding peers on dips.
How it spreads across sectors
Consumer Services
Online-travel sub-segment derates on pledge contagion; wider consumer-services mood softens.
When it plays out
Immediate
EaseMyTrip down 3-6% on overhang; travel peers dip 1-3% on association.
Medium term
Pledge stays an overhang until released; company must grow into a derated multiple.
Short term
Shareholding filings confirm the final pledged tally; any release filing reverses part of the fall.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Splits, bonuses & buybacks
- daily-prices repair: 3 rows from NSE's archive (replace 1, delete 1, insert 1), 2025-03-18..2026-02-01 (docs/flat_day_repair.md)1× · 18 Mar 2025
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 28 Sep 2026 | BHAGWAN PRASAD | SELL | 14,51,000 | ₹392.38 |
| 28 Sep 2026 | MANSI SHARE AND STOCK BROKING PRIVATE LIMITED | SELL | 4,00,000 | ₹394.55 |
| 28 Sep 2026 | SACHCHIYAY STOCK BROKING PRIVATE LIMITED | BUY | 4,00,000 | ₹394.02 |
| 28 Sep 2026 | MANSI SHARE AND STOCK BROKING PRIVATE LIMITED | BUY | 4,00,000 | ₹394.53 |
| 22 Sep 2026 | SHRUTI MOHTA | SELL | 6,70,000 | ₹376.34 |
| 18 Aug 2026 | MANSI SHARE AND STOCK BROKING PRIVATE LIMITED | SELL | 6,66,172 | ₹402.65 |
| 18 Aug 2026 | ANKUSH KEDIA | SELL | 3,81,000 | ₹402.65 |
| 18 Aug 2026 | MANSI SHARE AND STOCK BROKING PRIVATE LIMITED | BUY | 1,76,179 | ₹402.64 |
| 17 Aug 2026 | ADITYA KUMAR HALWASIYA | BUY | 45,00,000 | ₹362.00 |
| 17 Aug 2026 | SHREYANS SURANA | SELL | 21,00,000 | ₹362.00 |
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 21 Aug 2026 | Rajendra Kumar Gupta HUF · Promoter | SELL | 75,000 | 0.00 |
| 19 Aug 2026 | Rajendra Kumar Gupta HUF · Promoter | SELL | 1,50,000 | 0.00 |
| 18 Aug 2026 | Rajendra Kumar Gupta HUF · Promoter | SELL | 1,00,000 | 0.00 |
| 18 Aug 2026 | Sidharth Surana · Promoter Group | SELL | 9,00,000 | 0.00 |
| 18 Aug 2026 | Bhagwan Prasad · Promoter and Director | SELL | 15,00,000 | 0.00 |
| 18 Aug 2026 | Shreyans Surana · Promoter and Director | SELL | 21,00,000 | 0.00 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-263 Sep 2026
- Results presentation30 Jun 2026
- Earnings call13 Feb 2026
- Annual report · 2024-2529 Aug 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.