| P&L Statement | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenue | 359 | 187 | 165 | 152.58 |
| Cost of Material Consumed | 237 | 107 | 107 | 90.29 |
| Change in Inventory | 15 | 16 | -5 | 3.23 |
| Gross Margins | 33.98 | 42.78 | 35.15 | 40.82 |
| Employee Benefit Expenses | 31 | 16 | 14 | 20.92 |
| Other Expenses | 72 | 38 | 31 | 37.11 |
| EBITDA | 4 | 10 | 18 | 1.03 |
| OPM | 1.11 | 5.35 | 10.91 | 0.68 |
| Other Income | 0.7 | 0.8 | 9.7 | 5.35 |
| Finance Cost | 3 | 3 | 3 | 1.78 |
| D&A | 16 | 7 | 5 | 3.13 |
| EBIT | -12 | 3 | 13 | -2.1 |
| EBIT Margins | -3.34 | 1.6 | 7.88 | -1.38 |
| PBT | -16 | 1.2 | 12 | 1.45 |
| PBT Margins | -4.46 | 0.64 | 7.27 | 0.95 |
| Tax | 2 | -0.6 | 2.6 | 0.49 |
| PAT | -18 | 1.8 | 9.4 | 0.96 |
| NPM | -5.01 | 0.96 | 5.7 | 0.63 |
| EPS | -7.2 | 0.72 | 3.19 | 0.32 |
| Financial Ratios | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Operating Profit Margin | 1.11 | 5.35 | 10.91 | 0.68 |
| Net Profit Margin | -5.01 | 0.96 | 5.7 | 0.63 |
| Earning Per Share (Diluted) | -7.2 | 0.72 | 3.19 | 0.32 |
| Assets | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Fixed Assets | 34 | 26 | 24 | 20.93 |
| CWIP | 1.4 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0.05 |
| Trade Receivables | 0 | 0.1 | 0.15 | 0.09 |
| Inventory | 120 | 104 | 109 | 106.35 |
| Other Assets | 18.6 | 27.9 | 21.25 | 20.54 |
| Total Assets | 174 | 158 | 154.4 | 147.96 |
| Liabilities | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Share Capital | 25 | 25 | 29.5 | 30 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | -23 | -14 | -3 | 0.008 |
| Borrowings | 22 | 18 | 11 | 28.43 |
| Trade Payables | 142 | 125 | 102 | 81.59 |
| Other Liabilities | 8 | 4 | 14.9 | 7.93 |
| Total Liabilities | 174 | 158 | 154.4 | 147.96 |
| Cash-Flow Statement | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| PBT | -17.5 | 5.8 | 9.57 | 1.45 |
| OPBWC | 4 | -3.1 | -0.2 | 6.54 |
| Change in Receivables | 1 | -0.14 | 0 | 0.06 |
| Change in Inventories | 15 | 15 | -5.5 | 3.23 |
| Change in Payables | -2 | -17 | -2 | -20.81 |
| Other Changes | -9 | 9 | 11.1 | -6.37 |
| Working Capital Change | 5 | 6.86 | 3.6 | -23.89 |
| Cash Generated From Operations | 9 | 3.76 | 3.4 | -17.35 |
| Tax | 0 | 0 | 0 | 0 |
| Cash Flow From Operations | 9 | 3.76 | 3.4 | -17.35 |
| Purchase of PPE | -1.5 | 7 | 0 | 0 |
| Sale of PPE | 0 | -4 | 3.5 | 2.83 |
| Cash Flow From Investment | -1.6 | 3.8 | -1.3 | -0.3 |
| Borrowing | -6 | -4 | -7 | 17.46 |
| Dividend | 0 | 0 | 0 | 0 |
| Equity | 0 | 0 | 4.5 | 0.5 |
| Others From Financing | -3 | -2.99 | 6.1 | 0.23 |
| Cash Flow from Financing | -9 | -6.99 | 3.6 | 18.19 |
| Net Cash Generated | -1.6 | 0.57 | 5.7 | 0.54 |
| Cash at the Start | 2.4 | 0.78 | 1.4 | 0.33 |
| Cash at the End | 0.8 | 1.35 | 7.1 | 0.87 |
Mayasheel Retail India Limited (brand “Bazar India”) is an unlisted retail company operating a chain of value-fashion and lifestyle stores across India, especially in tier-2 and tier-3 cities. (Unlisted Hub) The business model emphasises affordable apparel, footwear, home furnishings and general merchandise under the tagline “FASHION KE SAATH BACHAT BHI”. (Unlisted Hub) According to reported unlisted-share market data, the shares are trading at very modest valuations: for example, one platform shows a current price of ?24 per share. (UnlistedBuzz) Financially the company has seen mixed results — one summary shows revenue declining in recent years (from ~?359 cr to ~?153 cr over four years) and profit margins extremely thin (EPS ~?0.32 in FY 2023). (UnlistedBuzz)
As with any investment in unlisted shares, there are significant risks to consider here. While the growth story of a budget-retail chain could appeal, the low current valuations reflect concerns — such as weak profitability, heavy competition in the retail sector, small scale compared to listed peers, and limited publicly available financial disclosure. Liquidity is a major constraint: the shares are not listed on any major exchange, which means buying and especially selling them may be difficult and dependent on informal over-the-counter platforms. Even the reported price (~?24) may not fully capture deeper value (or risk) and may not translate into realisable value upon a future listing or sale. Investors should therefore approach Bazar India’s unlisted shares with caution, carry out detailed due diligence, be prepared for a long-term horizon, and understand that there is no guarantee of listing, or of value appreciation.
Q 1 What payment methods are accepted for purchasing Bazar India Unlisted Shares?Answer: Payments can be made via RTGS, NEFT, IMPS, or cheque transfer.Please note that cash deposits are not permitted.
Q 2 Can I use a different bank account for the fund transfer than the one for share credit?
Answer: No, payment must be done from the same account in which the shares are to be credited.
Q 3: What happens if I don't have a client master report?
Answer: If you do not have a client master report, you should ask your broker for it, as it is a necessary document for the transaction.
Q 4 Is there a deadline for transferring funds after booking shares?
Answer: While specific deadlines may vary, it is advisable to transfer funds promptly after booking to ensure a smooth transaction process.
Q 5 Can I make a cash deposit for the share purchase?
Answer: No, cash deposits are not allowed.All payments must be made through electronic transfer methods or cheque.
Q 6 How do I confirm my booking for Bazar India Unlisted Shares?Answer: You can confirm your booking for Bazar India Unlisted Shares by contacting us and specifying the trading price at which you wish to book the shares.
Q 7 What documents do I need to provide for purchasing Bazar India Unlisted Shares?Answer: You need to provide your client master report (CMR), PAN Card, and a Cancelled Cheque if you are not transferring funds from the bank account mentioned in the CMR.These documents are required for KYC compliance as per SEBI regulations.
Q 8 How will I receive the bank details for the fund transfer?
Answer: We will provide you with the necessary bank details after you confirm your booking for the Bazar India Unlisted Shares.
Q 9 What payment methods are accepted for purchasing shares?Answer: Payments must be made through RTGS, NEFT, IMPS, or cheque transfer.Please note that cash deposits are not accepted.
Q 10 Can I transfer funds from any bank account for