Baazar Style Retail Limited (IN:STYLEBAAZA)
:STYLEBAAZA
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Baazar Style Retail Limited
(STYLEBAAZA)
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Rating:49Neutral
Price Target:
₹353.00
▲(9.24% Upside)
Action:Reiterated
Date:05/21/26
The score is held back primarily by financial fundamentals—thin and volatile margins, high leverage, and two years of negative free cash flow. Technicals are mixed with medium-term support but weaker near-term positioning, while valuation (P/E ~26.9) is moderate without a dividend yield to bolster attractiveness.
Positive Factors
Strong revenue growth
Sustained ~40% top-line growth shows durable demand for the company’s value-fashion offering and supports scale advantages. Continued revenue expansion can fund store rollouts and operating investments, improving bargaining power with suppliers and long-term market share.
Negative Factors
Thin and falling net margin
A net margin near 1.1% limits retained earnings and operational resilience. Low profitability reduces capacity to fund capex, absorb cost shocks, or invest in omnichannel expansion. Over time, such thin margins heighten sensitivity to input cost inflation and competitive pricing pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained ~40% top-line growth shows durable demand for the company’s value-fashion offering and supports scale advantages. Continued revenue expansion can fund store rollouts and operating investments, improving bargaining power with suppliers and long-term market share.
Read all positive factors
Baazar Style Retail Limited (STYLEBAAZA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹26.48B
Dividend YieldN/A
Average Volume (3M)15.03K
Price to Earnings (P/E)26.9
Beta (1Y)0.30
Revenue Growth37.06%
EPS Growth218.21%
CountryIN
Employees3,371
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)6.03
Shares Outstanding74,617,355
10 Day Avg. Volume13,298
30 Day Avg. Volume15,030
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)4.51
Price to Sales (P/S)1.10
P/FCF Ratio-51.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)9.8
Revenue Forecast (FY)₹24.07B
Baazar Style Retail Limited Business Overview & Revenue Model
Company Description
Baazar Style Retail Limited engages in the retail of various apparel and non-apparel consumer products in India. It offers topwear, ethnic wear, bottomwear, and nightwear for women, and for boys and girls; shirts, t-shirts, trousers, sportswear, w...
How the Company Makes Money
The company primarily makes money by selling merchandise directly to end consumers through its owned/operated brick-and-mortar retail stores under the Style Baazar format. Revenue is generated from (1) sales of apparel (typically the core category...
Baazar Style Retail Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
48
Neutral
Cash Flow
37
Negative
| Breakdown | TTM | Mar 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.76B | 18.41B | 13.43B | 9.72B | 7.87B | 5.50B |
| Gross Profit | 2.73B | 2.89B | 4.49B | 3.22B | 2.51B | 1.72B |
| EBITDA | 1.70B | 2.64B | 1.88B | 1.52B | 1.07B | 783.02M |
| Net Income | 451.00M | 468.68M | 146.63M | 219.43M | 51.02M | -80.07M |
Balance Sheet | ||||||
| Total Assets | 17.45B | 18.83B | 17.54B | 11.66B | 8.67B | 7.54B |
| Cash, Cash Equivalents and Short-Term Investments | 1.01B | 128.80M | 181.51M | 140.83M | 51.39M | 229.72M |
| Total Debt | 8.72B | 9.95B | 9.96B | 6.57B | 4.90B | 4.09B |
| Total Liabilities | 12.89B | 14.32B | 13.50B | 9.51B | 6.74B | 6.10B |
| Stockholders Equity | 4.57B | 4.50B | 4.04B | 2.15B | 1.94B | 1.44B |
Cash Flow | ||||||
| Free Cash Flow | -541.98M | -392.91M | -546.33M | 270.48M | -105.07M | -113.25M |
| Operating Cash Flow | 945.83M | 1.09B | 526.91M | 1.12B | 329.07M | 155.86M |
| Investing Cash Flow | -1.46B | -1.45B | -1.03B | -846.16M | -430.23M | -265.25M |
| Financing Cash Flow | 352.46M | 310.02M | 541.23M | -181.40M | -77.17M | 285.25M |
Baazar Style Retail Limited Technical Analysis
Positive
323.15
Price Trends
326.11
Positive
315.15
Positive
316.94
Positive
Market Momentum
11.71
Positive
45.25
Neutral
19.04
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STYLEBAAZA, the sentiment is Positive. The current price of 323.15 is below the 20-day moving average (MA) of 392.55, below the 50-day MA of 326.11, and above the 200-day MA of 316.94, indicating a neutral trend. The MACD of 11.71 indicates Positive momentum. The RSI at 45.25 is Neutral, neither overbought nor oversold. The STOCH value of 19.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:STYLEBAAZA.
Baazar Style Retail Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹15.73B | 9.44 | ― | 1.31% | 13.11% | 65.11% | |
65 Neutral | ₹18.41B | 13.08 | ― | 0.39% | 18.23% | 27.96% | |
62 Neutral | ₹83.19B | 20.98 | ― | ― | 64.60% | 115.66% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | ₹36.84B | -88.11 | ― | ― | 8.98% | -431.59% | |
53 Neutral | ₹44.34B | 103.54 | ― | ― | 11.52% | 20.75% | |
49 Neutral | ₹26.48B | 26.94 | ― | ― | 37.06% | 218.21% |
* Consumer Cyclical Sector Average
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Baazar Style Retail Limited Corporate Events
Baazar Style Retail Adds New Express Baazar Outlet, Takes Network to 270 Stores
Apr 12, 2026
Baazar Style Retail Limited has opened a new Express Baazar retail outlet in Balasore, Odisha, further strengthening its presence in the eastern India value retail market. With this launch, the company’s total store count has reached 270, un...
Baazar Style Retail Appoints KPMG as Internal Auditor for FY 2026-27
Apr 2, 2026
Baazar Style Retail Limited has appointed M/s KPMG Assurance and Consulting Services LLP as its internal auditor for the financial year 2026-27, following board approval at a meeting held on April 2, 2026. The engagement of a Big Four-affiliated f...
Baazar Style Retail Shuts Brahmapur Store, Store Count Now 262
Apr 1, 2026
Baazar Style Retail Limited has announced the closure of its Style Baazar retail outlet in Brahmapur, Odisha, effective April 1, 2026. Following this shutdown, the company reports that its total store count now stands at 262 locations, indicating ...
Baazar Style Retail Adds 263rd Store With New Odisha Outlet
Mar 14, 2026
Baazar Style Retail Limited has expanded its Style Baazar retail network with the opening of a new store in Karanjia, Odisha, reflecting its continued focus on smaller-city markets. With this launch, the company’s total store count rises to ...
Baazar Style Retail Adds New West Bengal Store, Taking Network to 262 Outlets
Mar 8, 2026
Baazar Style Retail Limited has opened a new Style Baazar retail outlet at Avani Mall in West Bengal, expanding its physical presence in a key regional market and reinforcing its focus on value-driven fashion and lifestyle retail. With this launch...
Baazar Style Retail Opens New Express Baazar Store in Bankura, Reaches 261 Outlets
Mar 7, 2026
Baazar Style Retail Limited has opened a new Express Baazar retail store in Bankura, West Bengal, expanding its footprint in the state’s smaller urban markets. With this launch, the company’s total store count has risen to 261, undersc...
Baazar Style Retail Opens New Store in Uttarpara, Reaches 260 Outlets
Mar 1, 2026
Baazar Style Retail Limited has expanded its Style Baazar footprint with the opening of a new retail store in Uttarpara, West Bengal. This latest addition takes the company’s total store count to 260, underscoring its continued emphasis on p...
Baazar Style Retail Opens New Style Baazar Store in Midnapore, Taking Network to 259 Outlets
Feb 28, 2026
Baazar Style Retail Limited has opened a new Style Baazar retail store in Midnapore, West Bengal, further strengthening its presence in the state. With this launch, the company’s total store count has risen to 259, underscoring its ongoing e...
Baazar Style Retail Adds 258th Store With New Jharkhand Opening
Feb 22, 2026
Baazar Style Retail Limited announced the opening of a new Style Baazar retail outlet in Morabadi, Jharkhand, adding to its expanding brick-and-mortar network. With this launch, the company’s total store count has reached 258, underscoring i...
Baazar Style Retail Adds New Style Baazar Store in Patna, Takes Network to 257 Outlets
Feb 21, 2026
Baazar Style Retail Limited has opened a new Style Baazar retail outlet on Boring Road in Patna, Bihar, marking a continued push into key regional markets. The addition of this store brings the company’s total store count to 257, underscorin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.