Baazar Style Retail Ltd is a small-cap company listed in the NSE and BSE on 06 Sept 2024. The issue size was Rs. 834.68 Crore and its price range was set to Rs. 370 to Rs. 389. It is a small-cap company and it has been profitable for the last 2 years, it can lead to achieving good returns in Style Baazar’s share price target for 2024, 2025, and 2026.
As of 09 Sept 2024, Style Baazar’s stock is trading at Rs. 400 (market closing price). The Style Baazar IPO was listed at Rs. 389 which means no gains in the IPO but just after being listed the stock made a high of Rs. 431.15. Due to some profit booking and market crash, the stock is trading at Rs. 400.
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About Baazar Style Retail Ltd
Baazar Style Retail Ltd is also known as Style Baazar and it is also popular with the name. The small-cap company has a market cap of Rs. 2982 Crore and was founded in June 2013.
Currently, Style Baazar has 175+ stores, 2800+ employees, and 1.2+ billion customers, and its stores are available in more than 9+ states. In the last 10 – 11 years the company achieved good growth even after a huge competition in the industry.
Style Baazar is a fashion brand that focuses on affordable products for everyone. The company has dozens of brands like Dozo, Miss12, Square Up, Miss 19, Miss Desi, Home Focus, Kirtle, Awana, Corenerzy, and more.
The fashion company has various types of merchandise like Men’s Wear, Women’s Wear, Kids Wear, Beauty, Home needs, Toys, and Stationaries.
In the Tear 2 and Tear 3 cities, Style Baazar is one of the leading players and has a strong market share. If you also live in any Tear 2 or Tear 3 city, you can easily locate a Style Baazar store near you.
Baazar Style Retail Ltd’s Scrip Info
| NSE | STYLEBAAZA |
| BSE | 544243 |
| ISIN | INE01FR01028 |
| SECTOR | Retail |
Company Analysis
Below you’ll find Jio Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹ |
| Sep 2023 | ₹ |
| Dec 2023 | ₹ |
| Mar 2024 | ₹ |
| Jun 2024 | ₹ |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | -₹10 |
| Mar 2021 | -₹18 |
| Mar 2022 | -₹8 |
| Mar 2023 | ₹5 |
| Mar 2024 | ₹22 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹2,982Cr | ROE | 10.20% |
| P/E Ratio (TTM) | 135.94 | EPS (TTM) | 2.94 |
| P/B Ratio | 7.45 | Div. Yield | 0.00% |
| Industry PE | 130.94 | Book Value | 53.63 |
| Debt to Equity | 3.06 | Face Value | 5 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 |
|---|---|---|---|---|---|
| FIIs | NA | NA | NA | NA | 5.26% |
| DIIs | NA | NA | NA | NA | 9.16% |
| Public | NA | NA | NA | NA | 40.01% |
| Promoters | NA | NA | NA | NA | 45.56% |
| Other Holders | NA | NA | NA | NA | 0.00% |
Key Insights
- Profit margins are not stable.
- Company with no promoter pledge.
- Low debt on Style Baazar company.
- The company’s earnings have increased over the years.
- One of the top players in the fashion of the Tear 2 and Tear 3 cities.
- The company has been making a profit consistently for the last 2 years.
Style Baazar Share Price Target
No doubt, Style Bazaar is a good company and it has also been profitable for the last 2 years. In the last 4 years, the sales and net profit of the company have grown by more than 100%. It’s a clear sign that the company started growing and in the upcoming years it will grow a lot and expand its business in more cities and states.
The company was listed recently and a lot of information about the company is still private. So, it might be slightly tough to analyze the company for investing in depth but the good thing is that the company is profitable and has a strong market share in the Tear 2 and Tear 3 cities.
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
Style Baazar Share Price Target 2024
On the first day of listing, the stock was listed at Rs. 389 and made a high of Rs. 431.15. After a few hours of listing, the stock started falling and currently trading at Rs. 400.
Just by a single candle (day), it is hard to find that the stock is bearish or bullish. But most probably the stock will follow the market trend i.e. Nifty. On 6 Sept 2024, the nifty crashed and down by more than 1.1% in a day.
For a clear trend of the Style Baazar share price target 2024, you should wait a few weeks until some chart patterns are not formed. These chart patterns help a lot to analyze the stock for short-term trades like 1 to 2 months.
Style Baazar Share Price Target 2025 and 2026
For the long term, the Style Baazar stock is good if you get it at a good price. PE Ratio is one of the good indicators to find the stock price is expensive or not. As the stock is listed recently, that’s why its accurate PE Ratio information is not available but in a few weeks, it can be available. So, keep checking on any platform you trust or use.
In affordable clothes, accessories, etc. the Style Bazaar is widely used in many states and cities. Currently, Style Baazar has more than 175+ stores that are present in the 9+ states.
Over the years the earnings of the company have increased annually and in FY23 and FY24 the company showed profits. It means the company is now profitable. So, it will help a lot to boost the share price target.
As per available data, the stock can not be analyzed so, there is no Style Baazar share price target for 2025 and 2026 from analysis or brokers.
FAQs
Currently, there is no target for the Style Baazar stock because the stock has been listed recently and not enough data is available to analyze the stock to predict its price for the future.
Also, no brokers or analysts published any report about its target price. They may publish the target price after the quarter results of the company.
Currently, Style Baazar is a profitable company and making a profit since March 2023. In the March 2023 FY, the company showed a net profit of Rs. 5 Crore and in the next year, FY2024 the company showed a net profit of Rs. 22 Crore.
Before March 2023, the company was making a loss and there is no profit and loss data available before the year 2020.
In my view it is a good company because it is now profitable, profits are rising continually, have a strong customer base in the Tear 2 and Tear 3 cities.
It has a strong customer because the company offers affordable and good quality products that easily attract customers.
Final Words
Style Baazar is a small-cap company that can deliver good returns in the long term. As the company has a strong presence in various cities. In the last two years, the company has become profitable and it is also expected that over time the profits are going to rise. Check our view on Style Baazar’s share price target for 2024, 2025, and 2026.