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RATING

RECOMMENDATION

Strong Buy

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RATING

RECOMMENDATION

Strong Buy

Business Type

Traditional Business

  • Bazar India Growth

Get detailed information about the Bazar India Share Price. In this research report, you will get to know about Bazar India Pre IPO data. In addition, get the Complete details about the Net Profit Growth, Revenue Growth and Book Value Growth.

Bazar India Revenue Growth

Growth in %

  • -48.01%

    1 Year

  • -21.14%

    3 Year

  • 11.11%

    5 Year

For two reasons, the total income of the company has been reduced by 52%. First, the company had faced several lockdown restrictions as well as operational curbs that reduced the total volume of the items sold in all the categories. Secondly, the company could have done better if they had maintained the margins of revenue per unit of sales as in FY20. Hence, low volume and lower margins have reduced the overall revenue of the company. Though the lower margins is to reach to large section of population and put less burden due to curb on spending imposed by COVID19. 

Bazar India Net Profit Growth(PAT)

Growth in %

  • NA

    1 Year

  • -33.05%

    3 Year

  • 31.80%

    5 Year

Despite a fall in revenue in FY21, the company earned a positive net profit of Rs. 1.82 Cr against a Rs. 17 Cr loss in FY20. This was primarily due to a fall in expenses by 50%. Expenses have been significantly reduced as there has been COVID-19, which caused the company to try to use their existing inventory to sell more and to make fewer purchases of raw materials. The focus of the company is to bring the economies of scale to maintain the stable level of expenses. 

Bazar India EPS Growth

Growth in %

  • NA

    1 Year

  • -37.95%

    3 Year

  • -7.87%

    5 Year

Due to lower expenses per unit of revenue, the net profits of the company increased, which caused the EPS of the company to increase from Rs. -7.04 in FY20 to Rs. 0.75 in FY21.

  • Bazar India Book Value Growth

Growth in %

  • -42.53%

    1 Year

  • -27.77%

    3 Year

  • 15.40%

    5 Year

On average, the company's book value had decreased. However, if we look at the company's performance in FY21, we can see that the total book value has improved as a result of the company's reduced usage of reserves. Instead, they borrowed money to cover their working capital needs, boosting the company's book value.

Bazar India EBITDA Growth

Growth in %

  • 186.30%

    1 Year

  • -17.34%

    3 Year

  • 27.43%

    5 Year

The company has increased its EBITDA even with far less revenue than the previous year as the company became cost-conservative with the COVID-19 restriction, which induced the company to incur fewer expenses, which can be seen with only Rs. 2 Cr on advertisements, discounts, and promotions in FY21 against Rs. 6 Cr in FY20. Other expenses have also seen a significant decline, causing a higher EBITDA than in the previous year.

Bazar India Operating Profit Growth

Growth in %

  • NA

    1 Year

  • -34.43%

    3 Year

  • 17.96%

    5 Year

The EBIT of the company has been good compared to the previous year because the company has reduced its asset base, which reduces the total depreciation of the company significantly. Due to lockdown, most of the assets were not used, thereby reducing the depreciation amount from Rs. 16 Cr in FY20 to only Rs. 6 Cr in FY21. Also, lower revenue per unit of expense became the catalyst for higher operating profits than in the previous year.

Bazar India Asset Growth

Growth in %

  • -8.98%

    1 Year

  • -7.91%

    3 Year

  • 23.67%

    5 Year

Due to lower furniture and fixtures as well as other infrastructure expenses such as equipment, maintenance, and air conditioners, the company's total assets have decreased from Rs. 174 Cr in FY20 to Rs. 158 Cr in FY21. This was due to the COVID-19 lockdown and operating store restrictions.

Bazar India Cash Flow from Operations

Growth in %

  • -60.74%

    1 Year

  • -29.69%

    3 Year

  • NA

    5 Year

For a variety of causes, the company's financial flow had been disturbed. The company had first increased their debt to buy fixed assets. Second, the corporation had been unable to collect money from its debtors, resulting in the loss of a source of cash inflow. Third, and most importantly, the company's asset base is lower in FY21 than in FY20, resulting in a lower depreciation amount of Rs. 6 Cr in FY21 versus Rs. 16 Cr in FY20, resulting in lower cash flow addition.

  • Bazar India Solvency Ratios

Bazar India D/E Ratio

The company's debt to equity ratio has risen on average. However, if we look at the firm's individual performance in FY21, we can see that the overall debt has decreased as the company has lowered both long-term and short-term debt and the total equity of the company has improved, upon which company's debt to equity ratio decreased.

Bazar India Current Ratio

A marginal increase in current  ratio is primarily because of lower closing inventories this year as compared to FY20. This is majorly because of lower stock-in-trade acquired for trading purposes from Rs. 118 Cr in FY20 to Rs. 103 Cr. in FY21.

Bazar India Quick Ratio

The quick ratio has increased from previous year as the company has increased the considered secured and unsecured goods from Rs. 1.7 Cr in FY20 to 8.7 Cr in FY21 increasing the current assets of the company. 

Bazar India Interest Coverage Ratio

The company is profitable in FY21 due to lower expense per unit of revenue and significantly lower depreciation, resulting in an increase in EBIT and a subsequent fall in interest as the company took more borrowings from secured channels and fewer from unsecured channels, resulting in a lower interest amount and thus a higher interest coverage ratio.

  • Bazar India Operating Efficiency

Bazar India Operating Profit EBIT Margin(OPM)

The company's EBIT margin has increased significantly as a result of measures taken to reduce losses by reducing expenses by using more of their previous closing inventory and lowering operating expenses when compared to the previous year, resulting in a positive and strong EBIT margin despite lower revenue compared to FY20.

Bazar India Profit Before Tax Margin (PBT Margin)


Bazar India Profit After Tax Margin (PAT Margin)

The company's profit after tax margin has improved, as a result of a 1.1x increase in net profits and a 50% drop in revenue. This resulted in a positive PAT margin, which was a result of the company increasing its market share by expanding its footholds in newer geographies where organised retail presence is low to gain a first mover advantage, as well as improving sales in existing stores.


  • Bazar India Profitablity Ratio

Bazar India Return on Equity(RoE)

The company's ROE has increased dramatically owing to a net profit of Rs. 1.8 crore in FY21, compared to a loss of Rs. 17 crore in FY21. Although the company's equity has increased as a result of the COVID-19 issue, fewer general reserves were utilised in FY21, resulting in a high ROE for FY21.

Bazar India Return on Capital Employed(RoCE)

ROCE% of the company has improved due to lower purchases of garments, clothes, packaging materials, and other merchandise as compared to FY20, which was due to the lower demand for apparel products in FY21 as a result of the COVID-19 Crisis. As a result, it increased the EBIT of the company, and with positive net profits in FY21, ROCE increased.

Bazar India Return to Assets (RoA)

Because of the increasing use of existing assets, the company's ROA has increased dramatically. Furthermore, there had been fewer purchases of fixed assets, lowering the total assets of the company, lowering the denominator, and increasing the ROA of the company with the increase in net profit.

  • Bazar India Valuation Ratios

Bazar India Earning Yield