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Swing Capital

Baazar Style Retail Ltd

NSE: STYLEBAAZA BSE: 544243Retail

Incorporated in June 2013, Bazaar Style Retail Limited is a fashion retailer operating in West Bengal and Odisha.[1]

₹371
52W: ₹230 — ₹427
PE 108 · Book ₹61.2 · +506% vs book
Market Cap₹2,766 Cr
Stock P/E108Price to Earnings
ROCE8.94%Return on Capital
ROE7.05%Return on Equity
Div. Yield0%Face Value ₹5

Strengths

  • +Company is expected to give good quarter
  • +Company has delivered good profit growth of 35.2% CAGR over last 5 years

Weaknesses

  • −Stock is trading at 6.12 times its book value
  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of 7.37% over last 3 years.

Shareholding Pattern

Promoters45.71%
FIIs1.68%
DIIs6.65%
Public45.96%
CategorySep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters45.56%45.56%45.57%▲0.045.57%45.71%▲0.145.71%45.71%
FIIs6.53%5.98%▼0.52.53%▼3.52.41%▼0.13.13%▲0.72.4%▼0.71.68%▼0.7
DIIs9.96%10.44%▲0.511.15%▲0.711.29%▲0.110.35%▼0.98.69%▼1.76.65%▼2.0
Public37.96%38.02%▲0.140.75%▲2.740.75%40.8%▲0.043.2%▲2.445.96%▲2.8

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales188333223276311412345378532466
Expenses180257200234286328305320463377
Operating Profit9762442248340586989
OPM %5%23%11%15%8%20%12%15%13%19%
Net Profit-1538-60-930-625119
EPS ₹-2.225.49-0.92-0.06-1.194.08-0.860.286.92.54

AI Insights

Revenue Trend

TTM revenue at ₹1,721Cr, up 28.1% YoY. OPM at 15%.

Debt Position

Borrowings at ₹872Cr. Debt-to-equity ratio: 2.08x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹18Cr (2% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 6.65% (-3.31pp change). FIIs: 1.68% (-4.85pp change). Promoters hold 45.71%.

Margin & Efficiency

ROCE improving from 0% (Mar 2019) to 9% (Mar 2025). Working capital days: 25.

Valuation

PE 108x with 8.94% ROCE. Price is 506% above book value of ₹61.2. Dividend yield: 0%.

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