Osia Hyper Retail Limited (OSIAHYPER) AI Stock Analysis

• Market Cap: ₹1.03B
• Dividend Yield: N/A
• Average Volume (3M): 1.16M
• Price to Earnings (P/E): 15.9
• Beta (1Y): 1.72
• Revenue Growth: 7.37%
• EPS Growth: -2.12%
• Country: IN
• Employees: 1,110
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Department Stores
• EPS (TTM): 0.24
• Shares Outstanding: 176,958,900
• 10 Day Avg. Volume: 702,915
• 30 Day Avg. Volume: 1,164,895
• PEG Ratio: -1.88
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.22
• P/FCF Ratio: -1.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: ₹6.00 ▼(-60.45% Downside)
• Action: Reiterated Date: 03/12/26
• Date: Action: Reiterated 03/12/26

The score is primarily constrained by weak cash flow (negative free cash flow and financing dependence) and deteriorating margins despite strong revenue growth, alongside a clear bearish technical trend. Valuation is relatively neutral with a mid-range P/E, but it is not enough to offset the financial and momentum risks.

Positive Factors

Sustained Revenue Growth

Osia has delivered sustained top-line expansion across the 2021–2025 period, supported by a reported revenue growth metric (Fundamentals.RevenueGrowth 1.6604). Durable revenue growth underpins scale economics, supports investments in omnichannel capabilities and store rollout, and gives management runway to improve unit economics over multiple quarters.

Balance Sheet Expansion

The company’s expanding asset base and higher shareholders' equity reflect deliberate investment in inventory, stores, or infrastructure. A larger balance sheet supports operational scale, better supplier terms and capacity to execute strategic initiatives, strengthening long-term market position if returns on those assets improve.

Moderate Equity Ratio / Financial Buffer

A moderate equity ratio provides a structural buffer against volatility and supports access to external finance without excessive dilution. This capital structure gives management flexibility to fund growth, absorb temporary shocks, and pursue strategic investments over a multi-quarter horizon while maintaining creditor confidence.

Negative Factors

Negative Free Cash Flow

Persistent negative free cash flow forces dependence on external financing to sustain operations and growth. Over several quarters this erodes liquidity cushions, increases refinancing and interest-rate risk, constrains capital expenditure and working-capital flexibility, and weakens the company's ability to self-fund strategic initiatives.

Deteriorating Margins

Margins have compressed despite top-line growth, showing falling gross and operating profitability and muted net margins. Structural margin pressure—from cost inflation, pricing competition, or operational inefficiencies—reduces cash conversion and the scope to absorb higher costs or invest in growth while achieving acceptable returns.

Rising Leverage

An increasing debt-to-equity ratio signals rising financial leverage as the business expands. Higher leverage raises fixed interest obligations, diminishes resilience to demand downturns, and limits strategic flexibility; combined with weak cash flow and margin pressure, it materially increases solvency and refinancing risk over the medium term.

Osia Hyper Retail Limited Business Overview & Revenue Model

Company Description

Osia Hyper Retail Limited operates a supermarket chain under the Osia Hypermart name in India. The company's products portfolio in stores include menswear, women's wear, kid's wear, footwear, cosmetics, perfumes and handbags, household accessories, lingerie, gifts, FMCG products, crockery, handicrafts, utensils, handlooms, etc. It operates 43 stores in Ahmedabad, Vadodara, Gandhinagar, Gandhidham, Palanpur, Mehsana, and Dehgam; and one distribution center located at Rakhial, Ahmedabad. The company was formerly known as Mapple Exim Limited and changed its name to Osia Hyper Retail Limited in September 2017. Osia Hyper Retail Limited was incorporated in 2013 and is based in Ahmedabad, India.

How the Company Makes Money

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Osia Hyper Retail Limited Financial Statement Overview

Summary

Strong revenue growth is offset by weakening profitability (declining gross profit and lower EBIT/EBITDA margins) and low net margins. Balance sheet expansion is positive, but rising leverage adds risk. Cash flow is a key concern with consistently negative free cash flow and reliance on financing.

Income Statement

Osia Hyper Retail Limited has demonstrated strong revenue growth over the years, with a significant increase from 2021 to 2025. However, the company has experienced declining gross profit margins, with a notable decrease in EBIT and EBITDA margins in 2025 compared to prior years. Despite the revenue growth, net profit margins remain relatively low, indicating challenges in cost management or increased competition in the industry.

Balance Sheet

The company's balance sheet shows a strong growth in total assets and stockholders' equity, indicating expansion. However, the debt-to-equity ratio has increased over the years, suggesting higher leverage which may be a risk if not managed properly. The equity ratio is moderate, reflecting a balanced but cautious financial structure.

Cash Flow

Osia Hyper Retail Limited faces significant challenges in cash flow, with consistently negative free cash flow over the years. The operating cash flow to net income ratio indicates operational inefficiencies. The company relies heavily on financing activities to support its cash requirements, which could pose long-term sustainability issues.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	14.49B	14.27B	11.47B	7.32B	5.90B	3.16B
Gross Profit	1.77B	1.47B	1.87B	1.19B	1.21B	709.08M
EBITDA	728.96M	776.21M	727.86M	435.90M	266.78M	155.55M
Net Income	226.79M	195.15M	182.98M	95.01M	90.40M	54.22M
Balance Sheet
Total Assets	8.72B	8.39B	5.48B	4.35B	4.01B	2.62B
Cash, Cash Equivalents and Short-Term Investments	1.13B	68.68M	437.33M	112.45M	20.54M	38.15M
Total Debt	1.71B	1.82B	1.24B	1.24B	781.51M	517.89M
Total Liabilities	4.41B	4.47B	3.48B	3.23B	3.09B	1.79B
Stockholders Equity	4.32B	3.93B	1.99B	1.13B	913.49M	823.09M
Cash Flow
Free Cash Flow	-55.09M	-2.77B	-71.93M	-477.21M	-681.45M	-214.64M
Operating Cash Flow	-52.67M	-2.70B	93.30M	-277.58M	-429.71M	-73.21M
Investing Cash Flow	-2.42M	-74.50M	-165.22M	-199.62M	-249.36M	-147.39M
Financing Cash Flow	35.35M	2.01B	302.51M	351.47M	148.13M	205.96M

Osia Hyper Retail Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OSIAHYPER, the sentiment is Negative. The current price of 15.17 is above the 20-day moving average (MA) of 8.64, above the 50-day MA of 12.03, and below the 200-day MA of 17.27, indicating a bearish trend. The MACD of -1.82 indicates Positive momentum. The RSI at 10.74 is Positive, neither overbought nor oversold. The STOCH value of 0.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:OSIAHYPER.

Osia Hyper Retail Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MEGASTAR	64 Neutral	₹2.75B	21.19	―	―	62.82%	27.59%
SCPL	64 Neutral	₹3.21B	20.89	―	―	-3.32%	-29.05%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
OSIAHYPER	51 Neutral	₹1.03B	15.87	―	―	7.37%	-2.12%
MIRCELECTR	48 Neutral	₹8.87B	-19.72	―	―	-30.79%	59.95%
PRAXIS	40 Underperform	₹1.15B	-2.67	―	―	-36.99%	―

Osia Hyper Retail Limited Corporate Events

Osia Hyper Retail Defers Fund-Raising Plan, Pledges Stronger SEBI Compliance

Osia Hyper Retail Limited’s board has postponed a decision on a proposed capital raising plan involving potential issuance of equity shares, convertible securities, and other equity-linked instruments through methods such as rights issues, private placements, or qualified institutional placements. The deferral suggests a pause in the company’s immediate fund-raising strategy, which could delay planned expansion or balance sheet initiatives tied to new capital.

The board also reviewed and acknowledged an advisory from the National Stock Exchange flagging delayed lock-in of 118,225,000 warrants under SEBI’s ICDR regulations, and instructed management to strengthen compliance and internal monitoring mechanisms. This response indicates the company is seeking to address regulatory lapses proactively, aiming to reduce compliance risk and reassure regulators and investors about its governance standards going forward.

Osia Hyper Retail Announces Resignation of Independent Director Nishit Popat

Osia Hyper Retail Limited has announced the resignation of Mr. Nishit Bharatbhai Popat as a Non-Executive Independent Director, effective from the close of business on 9 January 2026, citing personal commitments and pre-occupation as the reason for his departure. The change, disclosed in compliance with SEBI’s listing regulations, adjusts the company’s board composition and may prompt investors and governance-focused stakeholders to watch for subsequent board appointments and the company’s approach to maintaining independent oversight as it continues to operate in India’s competitive retail market.

Osia Hyper Retail Discloses Default on Corporate Credit Card Dues to HDFC Bank

Osia Hyper Retail Limited has disclosed a default on unsecured corporate credit card dues owed to HDFC Bank, with an outstanding amount of Rs. 0.36 crore (including interest) relating to an obligation with a tenure of 45 days and a default date of 19 August 2025. The disclosure, made under SEBI’s Listing Regulations and associated circulars, highlights that the company’s total outstanding borrowings from banks and financial institutions stand at Rs. 80.46 crore, with overall financial indebtedness of Rs. 140.41 crore, signalling a leveraged balance sheet that stakeholders may view as heightening credit and liquidity risk.