Mayasheel Retail India Ltd
- Unlisted share
- Consumer Goods
- ISIN INE03NO01017
At a glance
Sales
FY23
₹153 Cr
−7.5%on FY22What the company earned from its customers in the year.
Profit
FY23
₹0.96 Cr
−89.9%on FY22What was left after every cost and tax was paid.
Market valuecalculated
₹59 Cr
What the whole company would be worth at GrowFast's indicative price.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Mayasheel Retail India Ltd
- ISIN
- INE03NO01017
- Sector
- Consumer Goods
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹19.75
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Mayasheel Retail India Ltd
Mayasheel Retail India runs the Bazar India chain of value-fashion stores selling low-priced clothing, footwear and general merchandise, mostly in smaller towns of eastern and north-eastern India; it reported 53 stores in 49 cities across 13 states at 31 March 2023. The business was started in 2015 by Atul Garg, the chairman and managing director, who held about 67% of the shares at March 2023, and the company took its present form in May 2018 when the earlier LLP was converted into a public limited company. Its corporate office and warehouse are in Gurugram.
Written from: web.archive.org, web.archive.org, web.archive.org
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Consumer Goods
- ISIN
- INE03NO01017
- Registered and corporate office
- Registered office: Gandhi Nagar, New Delhi; corporate office and warehouse: Sector 35, Gurugram, Haryana
- Mayasheel Retail India directors' report FY2022-23 (company website PDF, Internet Archive copy)
- Promoter
- Atul Garg (founder, Chairman and Managing Director), holding 67.22%
- Key people
- Chairman and Managing Director: Atul Garg; Executive Director: Sushil Kumar Karwa; Chief Financial Officer: Sanjeev Agarwal; Company Secretary: Shwetambery Khurana
- Face value per share
- ₹10
- Equity shares issued and fully paid
- 3,00,00,000 shares
- CIN
- U52599DL2018PLC333450
- Website
- bazarindia.co
Read from: Mayasheel Retail India audited financial statements FY2022-23 (company website PDF, Internet Archive copy), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
61.7×
At this price you pay ₹61.7 for every ₹1 of profit the company made in the year.
Profit margincalculated
0.6%
Out of every ₹100 of sales, ₹0.6 was left as profit.
- Indicative price
- ₹19.75
- Market valuecalculated
- ₹59 Cr
- price × shares
- No. of shares
- 3,00,00,000
- EPS
- ₹0.32
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2022-23. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Mayasheel Retail India Limited (formerly Mayasheel Retail LLP). As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY22 to FY23: ₹165 Cr to ₹153 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY22 to FY23: ₹9.58 Cr to ₹0.96 Cr.
| Particulars | FY22 | FY23Latest |
|---|---|---|
| Revenue from operations (net) | 165.04 | 152.59▼8% |
| Other income | 9.8 | 5.36▼45% |
| Total revenue | 174.84 | 157.95▼10% |
| Depreciation and amortisation expense | 5.14 | 3.13▼39% |
| Financial costs | 2.77 | 1.79▼35% |
| Profit before tax | 12.19 | 1.46▼88% |
| Net profit for the year | 9.58 | 0.96▼90% |
| Basic earnings per share (₹) | 3.25 | 0.32▼90% |
Rupees crore unless marked, standalone. The change shown is the latest year against the year before. Read from: Mayasheel Retail India audited financial statements FY2022-23 (company website PDF, Internet Archive copy).
Ownership
Shareholding pattern
Who owns the company
67.2%Atul Garg (promoter)
- Largest holder
- 67.2%
- Top 2 together
- 79.6%
- Holders named
- 2
- Atul Garg (promoter)67.22%
- Puneet Kalani (promoter)12.38%
- Total79.60%
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 2022-065,00,000 equity shares of ₹10 allotted to Planify Capital Limited at ₹50.48 each (₹40.48 premium) in three lots on 2, 3 and 4 June 2022, taking paid-up capital to ₹30 crore. | Private placement | Equity shares | ₹50.48 | Not stated |
Read from: Mayasheel Retail India directors' report FY2022-23 (company website PDF, Internet Archive copy)
Leadership
Management
Atul Garg
Chairman and Managing Director
Sushil Kumar Karwa
Executive Director
Puneet Kalani
Executive Director
Neha Garg
Non-Executive Director
Mala Thapar
Independent Director
Sanjeev Agarwal
Chief Financial Officer
Shwetambery Khurana
Company Secretary
Read from: Company website, board composition page (Internet Archive copy of November 2023), Mayasheel Retail India audited financial statements FY2022-23 (company website PDF, Internet Archive copy)
Corporate calendar
Events
- 4 Dec 2023Audited resultsFY2022-23 financial statements signed by the board and auditorOpen
- 15 Dec 2022AGM4th annual general meeting; AKNR & Co. appointed statutory auditors for five yearsOpen
- 17 Mar 2020Insolvency processIBBI register shows a corporate insolvency resolution process recorded against the company with commencement date 17 March 2020 (older than three years; kept because an investor would want to know)Open
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Mayasheel Retail India Ltd on WhatsAppIs the price shown for Mayasheel Retail India Ltd final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Mayasheel Retail India Ltd shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Mayasheel Retail India Ltd shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Mayasheel Retail India Ltd. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.