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Kiaasa Retail Ltd (544711)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544711 NSE: Retailing | Small Cap | Kiaasa Retail Share Price

₹43.12 -2.26 (-4.98%)

As on 04-Jun'26 16:59

Kiaasa Retail Ltd (544711)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544711 NSE: Retailing | Small Cap | Kiaasa Retail Share Price

₹43.12 -2.26 (-4.98%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹79 Cr.
Current Price
₹43.1
52-Week Low / High
₹38 / 123
TTM EPS
₹6.1
TTM Sales
₹135 Cr.
Book Value per Share
₹60.5
P/E Ratio
7.03
Lower than its 5-year historical median
Industry PE
70.6
Price to Book (P/B)
0.71
Lower than its 5-year historical median
Price to Sales (P/S)
0.58
Lower than its 5-year historical median
EV/EBITDA
4.36
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
34.21%
Outperforms industry median
Return on Capital Employed (ROCE)
30.94%
Outperforms industry median
Return on Assets (ROA)
7.52%
Operating Profit Margin
13.5%
Net Profit Margin
7.41%
Gross Profit Margin
11.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
44.2%
Operating Profit Growth (1 Year)
-
78.48%
Net Profit Growth (1 Year)
-
67.97%
Asset Quality
Promoter Holding
50.22%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹92 Cr.
Equity
₹18.2 Cr.
Face Value
₹10
All Time Low / High
₹37.65 / 123.00

Kiaasa Retail stock performance

Key Ratios
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Check Before You Invest

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M-Cap below 100cr DeciZen not available

Q.1 Is Kiaasa Retail Ltd a good quality company?
Kiaasa Retail Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Kiaasa Retail Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Kiaasa Retail Ltd vs industry peers?
Kiaasa Retail Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 13.55%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Kiaasa Retail Ltd?
Promoters hold 50.22% of the Kiaasa Retail Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Kiaasa Retail Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
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10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kiaasa Retail Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'23Mar'24Mar'25TTM
ROCE % ⓘ17.9%33.9%30.9%-
Value Creation
Index ⓘ		0.31.41.2-

Growth Parameters ⓘ
Sales ⓘ5084.4122135
Sales YoY Gr.-68.6%44.2%-
Adj EPS ⓘ21.95.37.16.1
YoY Gr.--75.8%33.6%-
BVPS (₹) ⓘ26.31231.960.5
Adj Net
Profit ⓘ		2.55.4911
Cash Flow from Ops. ⓘ-3.210.8-12.3-
Debt/CF from Ops. ⓘ-6.61.5-2.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA44.2%
Adj EPS ⓘNANANA33.6%
BVPSⓘNANANA166.4%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		83.171.234.213.3
Op. Profit
Mgn % ⓘ		9.610.913.5NAN
Net Profit
Mgn % ⓘ		4.96.47.48.3
Debt to
Equity ⓘ		7.11.30.7-
Working Cap
Days ⓘ		02953040
Cash Conv.
Cycle ⓘ		081790

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Sales50.0484.35121.63
Operating Expenses ⓘ + 45.2375.16105.21
Manufacturing Costs2.251.443.13
Material Costs25.4750.8666.45
Employee Cost 5.497.7611.12
Other Costs ⓘ 12.0215.0924.51
Operating Profit ⓘ 4.819.2016.42
Operating Profit Margin (%) 9.6%10.9%13.5%
Other Income ⓘ + 0.140.160.02
Exceptional Items ⓘ 000
Interest ⓘ 0.881.642.80
Depreciation ⓘ 0.620.511.39
Profit Before Tax ⓘ 3.457.2112.25
Tax ⓘ 0.991.843.23
Profit After Tax 2.465.379.02
PAT Margin (%) 4.9%6.4%7.4%
Adjusted EPS (₹)21.95.37.1
Dividend Payout Ratio (%)0%0%0%

Valuation of Kiaasa Retail - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2.9612.1140.59
Share Capital ⓘ 0.504.5012.74
Reserves ⓘ 2.467.6127.85
Debt +20.8014.9626.15
Long Term Debt1.812.453.77
Short Term Debt18.9912.5222.38
Minority Interest000
Trade Payables23.3047.3438.26
Others Liabilities ⓘ 7.1021.0139.21
Total Liabilities ⓘ 54.1595.43144.22

Fixed Assets

Net Fixed Assets ⓘ +1.318.6624.18
Gross Block1.939.7926.70
Accumulated Depreciation0.621.122.51
CWIP ⓘ 000
Investments ⓘ 000
Inventories19.9651.5168.24
Trade Receivables21.126.7321.88
Cash Equivalents 1.401.732.70
Others Assets ⓘ 10.3526.8027.20
Total Assets ⓘ 54.1595.43144.22

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -3.2310.84-12.29
PBT ⓘ 3.457.2112.25
Adjustment ⓘ 1.011.873.59
Changes in Working Capital ⓘ -7.672.82-26.21
Tax Paid ⓘ -0.02-1.06-1.92
Cash Flow From Investing Activity ⓘ + -0.63-8.06-16.70
Capex -0.63-7.86-16.91
Net Investments 0-0.210.20
Others ⓘ 00.010.01
Cash Flow From Financing Activity ⓘ + 5.13-2.6630.16
Net Proceeds from Shares ⓘ 0419.59
Net Proceeds from Borrowing ⓘ 1.810.641.32
Interest Paid ⓘ -0.39-1.38-2.20
Dividend Paid ⓘ 000
Others ⓘ 3.71-5.9211.46
Net Cash Flow ⓘ 1.270.131.18

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)83.0771.234.21
ROCE (%)17.9433.9430.94
Asset Turnover Ratio0.921.131.02
PAT to CFO Conversion(x)-1.312.02-1.36
Working Capital Days
Receivable Days154.1060.3042.90
Inventory Days145.60154.60179.70
Payable Days333.90253.50235.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Kiaasa Retail Ltd FAQs

The current trading price of Kiaasa Retail on 04-Jun-2026 16:59 is ₹43.12.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Kiaasa Retail stood at ₹78.61 Cr

The latest P/E ratio of Kiaasa Retail as of 03-Jun-2026 is 7.03.

The latest P/B ratio of Kiaasa Retail as of 03-Jun-2026 is 0.71.

The 52-week high of Kiaasa Retail is ₹123.0 and the 52-week low is ₹37.65.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kiaasa Retail is ₹135 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kiaasa Retail Ltd is a below average quality company.

The key valuation ratios of Kiaasa Retail Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kiaasa Retail Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Kiaasa Retail Ltd

Kiaasa Retail was initially incorporated as Limited Liability Partnership in the name and style of ‘Kiaasa Retail LLP’ under the Limited Liability Partnership Act, 2008, on April 20, 2018, vide Certificate of Incorporation issued by, Central Registration Centre, Registrar of Companies. It was later converted into a Private Limited Company after a general resolution passed by the designated partners on February 14, 2022, and a fresh certificate of incorporation issued in the name and style ‘Kiaasa Retail Private Limited’ on June 07, 2022 on behalf of Registrar of Companies, Central Registration Centre. Upon the conversion of the company into a public limited company, pursuant to a Board resolution dated on October 10, 2024, and a special resolution at an extraordinary general meeting dated October 18, 2024 and a fresh certificate of incorporation in the name and style of ‘Kiaasa Retail Limited’ on January 21, 2025 issued by the Registrar of Companies.

Kiaasa Retail is an ethnic wear brand that offers a wide range of apparel, footwear, and accessories designed exclusively for women. The product portfolio includes salwar kameez, lehengas, jewellery, bags, and scarves. The brand caters to the evolving fashion needs of Indian women by providing high-quality and affordable products that reflect their individuality. It operates through a network of exclusive brand outlets and online presence, ensuring accessibility across multiple platforms.

It operates its Exclusive Brand Outlets (EBOs) through three models: FOFO (Franchise Owned Franchise Operated), COCO (Company Owned Company Operated), and FICO (Franchise Invested Company Operated), allowing it to manage its retail network efficiently. It uses a combination of marketing strategies, partnerships with influencers and location-specific campaigns to increase its market reach.

Business area of the company 

Kiaasa Retail is engaged in the business of manufacture, resell, trade, export, import, sell in wholesale and retail of fashion accessories, garments, footwear, leather goods, wearing apparel and dress materials, also as traders, fabricators, manufacturers, exporters and importers of all kinds of clothing, readymade garments, jewelry, footwear, hand bags, beauty products and all accessories related to fashion & lifestyle products. 

Products of the company

  • Salwar-kurta-dupatta 
  • Gown
  • Co-ord set
  • Dress
  • Night wear
  • Jumpsuit
  • Kurta
  • Girls wear
  • Lehenga
  • Bottom/pant
  • Kids wear
  • Shawl/stole
  • Dupatta
  • Crop top
  • Unstitched
  • Top
  • Footwear
  • Hand bags
  • Woolen
  • Drape wear
  • Jewelry

Awards, accreditations or recognitions

  • 2022: The company received ICONIC Brand of the year in ‘Ethnic Women’s Wear’ award given by Blossom Media Private Limited.
  • 2023: Excellence in Business & Leadership Award ‘Kiaasa Retail Limited was awarded as Asia’s Business Leadership Award 2023’ in India’s fastest Growing Women’s Ethnic Wear Brand.

History and milestones

  • 2018: Incorporation of KIAASA in Noida, a D2C Ethnic Wear brand.
  • 2018: Opening of 1st store in Kamla Nagar, Delhi.
  • 2021: Acquisition of KIAASA by current Promoters.
  • 2021: Golden Jubilee with 50th store opening in Vadodara.
  • 2021: Acquisition of South Indian brand ‘U Women’ by KIAASA thus spreading its wings in South India.
  • 2022: Acquisition of brand ‘LAABHA’ with stores in Delhi/NCR.
  • 2022: Store count reaching century with opening of 100th Kiaasa Store opened in Crown Plaza, Faridabad.
  • 2022: Laid down platform for online operations on its Website on Pilot Project mode.
  • 2023: All Kiaasa Stores goes online model initiated in a phased and planned manner. Gaur City Mall (Noida) Store, Crown Interior (Faridabad) store converted into online store for test marketing.
  • 2023: Kanika Mann, Actress as a Brand Ambassador of Brand ‘Kiaasa’.
  • 2023: Online project started as a pilot project to check the efficiency.
  • 2023: Concept of Nine99 stores launched to form 2 and 3 locations, where 80% goods were priced below 80%.
  • 2024: Switch to new age software for smooth store operations.
  • 2024: Rebranding and relaunch of new logo with more subtle and Feminine touch Corporate Identity.
  • 2024: Started online selling on Amazon and Flipkart.
  • 2025: Further to boost on market presence it has also onboarded Lime road and Myntra.


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