Want to see IN:STYLEBAAZA full AI Analyst Report?
Top Page
Baazar Style Retail Limited
(STYLEBAAZA)
Select Model
Select Model
Rating:49Neutral
Price Target:
₹367.00
▲(13.57% Upside)
Action:Reiterated
Date:08/21/26
Overall score is held back primarily by weak cash-flow quality (two years of negative free cash flow and low operating cash flow coverage) and elevated leverage, despite strong revenue momentum. Technicals are supportive due to strong trend and positive MACD, but extreme overbought readings raise pullback risk. Valuation is a further headwind given the high P/E and lack of dividend support.
Positive Factors
Strong Revenue Growth
FY2026 revenue reached 18.4B after steady prior-year growth, demonstrating sustained demand expansion rather than reliance on a single period. Continued top-line momentum can support store-level operating leverage, broaden customer reach, and create a platform for future earnings growth if margins hold.
Negative Factors
Negative Free Cash Flow
Negative free cash flow for two consecutive years shows that operating cash generation has not covered reinvestment and working-capital needs. Persistent cash deficits reduce financial flexibility, may increase reliance on external financing, and could constrain the company’s ability to fund expansion internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
FY2026 revenue reached 18.4B after steady prior-year growth, demonstrating sustained demand expansion rather than reliance on a single period. Continued top-line momentum can support store-level operating leverage, broaden customer reach, and create a platform for future earnings growth if margins hold.
Read all positive factors
Baazar Style Retail Limited (STYLEBAAZA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹28.06B
Dividend YieldN/A
Average Volume (3M)123.44K
Price to Earnings (P/E)58.4
Beta (1Y)0.41
Revenue Growth34.89%
EPS Growth174.22%
CountryIN
Employees3,371
SectorGeneral
Sector StrengthN/A
IndustryApparel - Retail
Share Statistics
EPS (TTM)6.29
Shares Outstanding76,117,355
10 Day Avg. Volume108,993
30 Day Avg. Volume123,445
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)10.15
Revenue Forecast (FY)₹24.27B
Baazar Style Retail Limited Business Overview & Revenue Model
Company Description
Operating throughout India, Baazar Style Retail Limited offers a diverse array of clothing and other consumer products. Their apparel range includes topwear, ethnic wear, bottomwear, and nightwear for women, along with selections for boys and girl...
How the Company Makes Money
Baazar Style Retail Limited primarily makes money through the sale of merchandise to end customers via its retail stores. Its core revenue stream is retail sales from value-priced fashion products (with apparel being the main category), with earni...
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 | 19.50B | 18.41B | 13.43B | 9.72B | 7.87B | 5.50B |
| Gross Profit | 3.78B | 2.89B | 4.49B | 3.22B | 2.51B | 1.72B |
| EBITDA | 3.20B | 3.08B | 1.88B | 1.52B | 1.07B | 783.02M |
| Net Income | 470.42M | 468.68M | 146.63M | 219.43M | 51.02M | -80.07M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 18.83B | 17.54B | 11.66B | 8.67B | 7.54B |
| Cash, Cash Equivalents and Short-Term Investments | 128.80M | 128.80M | 181.51M | 140.83M | 51.39M | 229.72M |
| Total Debt | 0.00 | 9.95B | 9.96B | 6.57B | 4.90B | 4.09B |
| Total Liabilities | -4.50B | 14.32B | 13.50B | 9.51B | 6.74B | 6.10B |
| Stockholders Equity | 4.50B | 4.50B | 4.04B | 2.15B | 1.94B | 1.44B |
Cash Flow | ||||||
| Free Cash Flow | 244.76M | -392.91M | -546.33M | 270.48M | -105.07M | -113.25M |
| Operating Cash Flow | 1.09B | 1.09B | 526.91M | 1.12B | 329.07M | 155.86M |
| Investing Cash Flow | -828.47M | -1.45B | -1.03B | -846.16M | -430.23M | -265.25M |
| Financing Cash Flow | -35.61M | 310.02M | 541.23M | -181.40M | -77.17M | 285.25M |
Baazar Style Retail Limited Technical Analysis
Neutral
323.15
Price Trends
362.96
Positive
344.96
Positive
326.28
Positive
Market Momentum
2.20
Positive
45.32
Neutral
49.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STYLEBAAZA, the sentiment is Neutral. The current price of 323.15 is below the 20-day moving average (MA) of 386.39, below the 50-day MA of 362.96, and below the 200-day MA of 326.28, indicating a neutral trend. The MACD of 2.20 indicates Positive momentum. The RSI at 45.32 is Neutral, neither overbought nor oversold. The STOCH value of 49.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:STYLEBAAZA.
Baazar Style Retail Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹126.00B | 32.59 | ― | 1.50% | 1.95% | -2.63% | |
65 Neutral | ₹1.39T | 56.07 | ― | 0.23% | 16.92% | 14.21% | |
59 Neutral | ₹15.53B | 29.68 | ― | ― | -1.51% | -38.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹73.58B | 39.65 | ― | ― | 63.30% | 117.94% | |
51 Neutral | ₹90.84B | 51.31 | ― | 0.67% | ― | ― | |
49 Neutral | ₹28.06B | 58.41 | ― | ― | 34.89% | 174.22% |
* General Sector Average
IN:STYLEBAAZA
Baazar Style Retail Limited
368.60
20.50
5.89%
IN:GOCOLORS
Go Fashion (India) Limited
295.35
-395.35
-57.24%
IN:MANYAVAR
Vedant Fashions Limited
518.55
-167.65
-24.43%
IN:TRENT
Trent Limited
2,597.40
-578.68
-18.22%
IN:V2RETAIL
V2 Retail Limited
201.80
-27.47
-11.98%
IN:ABLBL
Aditya Birla Lifestyle Brands Limited
74.43
-71.45
-48.98%
Baazar Style Retail Limited Corporate Events
Baazar Style Retail Posts H1 Growth Amid Festive Timing Hit to Q2 Sales
Oct 3, 2026
Baazar Style Retail Limited reported that revenue from operations for the first half of fiscal 2027 grew 6% year-on-year to ₹9,645 million, underscoring resilient growth despite a shift in the festive calendar. The company added 14 new store...
Baazar Style Retail Converts 1 Million Warrants into Equity Shares
Sep 26, 2026
Baazar Style Retail Limited has approved the conversion of 1 million equity warrants held by non-promoter investors into equity shares through a preferential allotment at an issue price of ₹328.25 per share, including a substantial premium c...
Style Baazar Becomes Principal Partner for India’s Marquee Football Clashes in Kolkata
Sep 25, 2026
Baazar Style Retail Limited has signed on as Principal Partner for India’s high-profile football friendlies against Brazil and Uruguay, both to be played at Kolkata’s iconic Salt Lake Stadium in early October 2026. The tie-up aligns th...
Baazar Style Retail Overhauls Board Committees and Leadership, Moves to Settle Dispute With Cupid Limited
Sep 2, 2026
Baazar Style Retail Limited’s board has reconstituted its Nomination and Remuneration Committee, now comprising three non-executive independent directors, in line with SEBI’s listing and governance requirements. The move underscores th...
Baazar Style Retail Publishes Notices for Virtual 13th AGM
Aug 30, 2026
Baazar Style Retail Limited has notified exchanges that it has published newspaper advertisements for its 13th Annual General Meeting, scheduled for September 25, 2026, which will be conducted via video conferencing or other audio-visual means. Th...
Baazar Style Retail Adds New Gajuwaka Store, Expands Network to 282 Outlets
Aug 30, 2026
Baazar Style Retail Limited has opened a new Style Baazar retail outlet at Arjun Arcade in Gajuwaka, Andhra Pradesh, as disclosed under Indian listing regulations. With this launch, the company’s total store count has risen to 282, underscor...
Baazar Style Retail Independent Directors Step Down, Triggering Board Reshuffle
Aug 20, 2026
Baazar Style Retail Limited has announced the resignation of two non-executive independent directors, Mrs. Richa Manoj Goyal and Mr. Prashant Singhania, effective August 20, 2026. Both departures are attributed to their professional commitments an...
Baazar Style Retail files monitoring report on Rs 331 crore preferential issue
Jul 31, 2026
Baazar Style Retail Limited has disclosed that CARE Ratings Limited, acting as its monitoring agency, has issued a report on the utilisation of proceeds from a preferential issue of share warrants, including partial conversion into equity shares, ...
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.