Baazar Style Retail (STYLEBAAZA) had a P/E of 62.1× on 6 Nov 2026, above the industry P/E of 35.3×, and the shares are 13% below their 52-week high. It earns ROCE of 14% and ROE of 11%, and sales and net profit grew 33% and 109% a year over 3 years. Debt is 2.21× equity. It is a small-cap company with a market cap of ₹3,092 Cr, ranked 7th of 14 Apparel Retail companies by market cap; the shares rose 12% over the past year.
- ₹369.05
- ₹397.00
- ₹366.25
- ₹372.70
- 21 L
Health check
- ReturnsAhead
+11.9% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 62.1 vs industry 35.3.
- GrowthSteady
Sales +32.7%, profit +109.4% a year over 3 years.
- ProfitabilityAverage
ROCE 13.5% vs peer median 16.4%.
- Balance sheetStretched
Debt 2.21× equity, interest covered 1.8×, Piotroski 6 of 9.
- Red flags2 to check
Debt is 2.21× equity.
Small cap
High beta
Key metrics
- Market cap
- ₹3,092 Cr
- Small cap
- P/E
- 62.1
- Industry 35.3
- Price to book
- 6.47
- Peers 7.01
- Dividend yield
- 0.00%
- ROE
- 11.0%
- Peers 16.5%
- ROCE
- 13.5%
- Peers 16.4%
- Debt to equity
- 2.21
- Debt ₹995 Cr
- EPS (TTM)
- ₹6.29
- Face value ₹5
- OPM (TTM)
- 13.3%
- Net margin 2.4%
- Sales growth
- +28.9%
- Latest quarter vs a year ago
- Profit growth
- +8.5%
- Latest quarter vs a year ago
- Price to sales
- 1.59
- EV/EBITDA 13.1
Strengths and risks
Strengths
- Quarterly sales up 28.9% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Debt is 2.21× equity.
- P/E of 62.1 against an industry P/E of 35.3.
About Baazar Style Retail
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, winter wear, and accessories for men; footwear, bags, accessories, toys, stationery, and travel products; skincare, cosmetics, hygiene and grooming essentials; and home and living products, such as kitchenware,…
- Headquarters
- Kolkata
- Employees
- 4,132
- Sector
- Consumer Cyclical
- ISIN
- INE01FR01028
- Website
- stylebaazar.in
Price range
- Avg volume (3M)
- 13 L
- 1-year return
- plus 11.9%
- From 52-week high
- minus 12.6%
Peers · Apparel Retail
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TRENTTrent | 3,079.00 | plus 0.79% | 1,64,182 | 86.6 | 21.13 | 28.2% | 27.1% | 19.2% | 34.7% | 57.0% | 0.13% | minus 34.5% |
| METROBRANDMetro Brands | 824.55 | minus 2.74% | 22,477 | 54.4 | 10.75 | – | 21.2% | 30.1% | – | – | 0.71% | minus 25.0% |
| ABLBLAditya Birla Lifestyle Brands | 76.99 | minus 0.65% | 9,351 | 46.9 | 6.48 | 13.2% | 15.0% | 39.5% | – | – | 0.65% | minus 43.5% |
| V2RETAILV2 Retail | 173.50 | plus 7.54% | 6,326 | 34.2 | 7.01 | 20.6% | 26.0% | 14.8% | 54.1% | – | 0.00% | minus 34.2% |
| ARVINDFASNArvind Fashions | 342.85 | minus 3.27% | 4,585 | 34.7 | 4.86 | 19.6% | 16.5% | 13.2% | 9.0% | 49.4% | 0.45% | minus 35.3% |
| PERNIASPOPPurple Style Labs | 491.05 | minus 5.39% | 3,931 | – | 8.35 | −65.6% | −901.4% | −21.4% | 14.7% | – | 0.00% | minus 8.7% |
| STYLEBAAZABaazar Style Retail | 390.75 | plus 4.84% | 3,092 | 62.1 | 6.47 | 13.5% | 11.0% | 4.1% | 32.7% | 109.4% | 0.00% | plus 11.9% |
| GOCOLORSGo Fashion (India) | 270.34 | plus 2.25% | 1,422 | 35.3 | 1.99 | 11.4% | 5.6% | 27.4% | 8.0% | −10.6% | 0.00% | minus 59.0% |
| Median of 7 peers | – | −0.65% | 6,326 | 41.1 | 7.01 | 16.4% | 16.5% | 19.2% | 14.7% | 49.4% | 0.13% | −34.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 377 | 532 | 466 | 466 | 486 | |
| 320 | 463 | 377 | 436 | 414 | |
| 57.8 | 69.1 | 89.4 | 29.4 | 72 | |
| 15.3% | 13.0% | 19.2% | 6.3% | 14.8% | |
| 3.3 | 3.8 | 2.2 | 20.6 | 3.5 | |
| 23.5 | 17 | 18.6 | 17.7 | 20.3 | |
| 34 | 42.2 | 46.2 | 47.7 | 51.8 | |
| −0.8 | 55.3 | −1.3 | −20.6 | – | |
| 2.8 | 68.9 | 25.6 | −36 | 3.3 | |
| 27.6% | 25.3% | 25.8% | 28.8% | 33.0% | |
| 2.1 | 51.5 | 19 | −25.6 | 2.2 | |
| 0.28 | 6.90 | 2.54 | -3.44 | 0.29 |
Profit & loss
- Sales CAGR 3Y
- +32.7%
- Profit CAGR 3Y
- +109.4%
- EPS CAGR 3Y
- +109.4%
- ROE
- 11.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 787 | 972 | 1,343 | 1,840 | |
| – | +23.5% | +38.2% | +37.1% | |
| 681 | 825 | 1,146 | 1,569 | |
| 106 | 147 | 196 | 271 | |
| 13.5% | 15.1% | 14.6% | 14.7% | |
| 0.3 | −0.2 | −0.6 | 2.3 | |
| 40.8 | 49.1 | 68.8 | 76.6 | |
| 61.2 | 73.5 | 99.9 | 170 | |
| 1.3 | 5.3 | −8.2 | 34.3 | |
| 5.4 | 29.2 | 18.9 | 61.3 | |
| 5.6% | 24.9% | 22.3% | 23.5% | |
| 5.1 | 21.9 | 14.7 | 46.9 | |
| – | +330.1% | minus 33.2% | +219.6% | |
| 0.68 | 2.94 | 2.02 | 6.28 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 34.9 | 34.9 | 37.3 | 37.3 | |
| 159 | 180 | 366 | 413 | |
| 490 | 657 | 996 | 995 | |
| 183 | 293 | 354 | 437 | |
| 867 | 1,166 | 1,754 | 1,883 | |
| 469 | 626 | 1,031 | 962 | |
| 1.6 | 7.1 | 12.4 | 13.7 | |
| – | – | 30.2 | 47.4 | |
| 5.1 | 14.1 | 18.2 | 12.5 | |
| 391 | 519 | 663 | 847 | |
| 867 | 1,166 | 1,754 | 1,883 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 32.9 | 112 | 52.7 | 126 | |
| −43 | −84.6 | −103 | −145 | |
| −7.7 | −18.1 | 54.1 | 14.3 | |
| −17.8 | 8.9 | 4.1 | −5.6 | |
| −43.4 | −84.7 | −107 | −148 | |
| −10.5 | 27 | −54.6 | −22.6 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 4.0% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.