Baazar Style Retail Ltd. (STYLEBAAZA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-85.9%

₹50.78

vs ₹359.55 price

Levered DCF

-₹271.02

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	43.3×	128.76×	136.05×	588.24×	-373.83×	-189.57×	-246.91×	289.86×
P/B	4.51×	4.68×	13.87×	15.42×	20.76×	38.75×	22.68×	18.9×
P/S	1.1×	1.41×	3.07×	3.79×	5.42×	8.13×	3.87×	4.12×
EV / EBITDA	9.77×	15.29×	23.91×	32.3×	43.08×	80.24×	41.83×	70.76×
Gross margin	15.7%	33.4%	33.2%	31.9%	31.3%	7.7%	29.1%	30.7%
Operating margin	5.1%	7.2%	7.5%	5.7%	3.3%	-0.2%	18.4%	15.1%
Net margin	2.5%	1.1%	2.3%	0.6%	-1.5%	-4.3%	-1.6%	1.4%
Current ratio	0.97×	1.21×	1.05×	1.18×	1.09×	0.96×	1.01×	1.12×
Debt / equity	2.21×	2.47×	3.06×	2.53×	2.85×	3.89×	3.2×	0.76×
Interest coverage	1.22×	1.41×	1.49×	1.09×	0.51×	-0.02×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.4%	3.6%	10.2%	2.6%	-5.6%	-20.4%	-9.2%	6.5%
Return on invested capital	4.9%	5.4%	6.3%	6.1%	2.6%	-0.1%	25.6%	25.5%
Return on assets	2.5%	0.8%	1.9%	0.6%	-1.1%	-3.0%	-1.5%	2.0%
Free cash flow yield	-1.9%	-2.9%	0.9%	-0.4%	-0.4%	1.1%	1.5%	-3.1%
Earnings yield	2.3%	0.8%	0.7%	0.2%	-0.3%	-0.5%	-0.4%	0.3%
Enterprise value	₹30.1B	₹28.7B	₹36.3B	₹34.7B	₹33.7B	₹38.1B	₹27.8B	₹23B
Net debt / EBITDA	3.19×	5.21×	4.24×	4.52×	4.94×	7.21×	5.13×	2.33×
Cash conversion cycle (days)	68	100	96	103	97	46	49	66