KIAASA
Introduction
Kiaasa Retail Limited is a rapidly growing Indian fashion brand founded in 2018 and based in Ghaziabad, India. It is a fashion brand specializing in affordable women’s ethnic and fusion wear.
Promoter and Founder Introduction
Kiaasa retail limited is founded by Mr. Om Prakash and
Mr. Amit Chauhan, who are also the managing director
and whole-time director of the company.
They took over the company in early 2021 and turned it
into a structured retail enterprise listed on the BSE with
more than 100 stores.
Financial statement Analysis
INCOME STATEMENT
Particulars | Mar 2023 | Mar 2024 | Mar 2025 |
Sales | 50 | 84 | 122 |
Expenses | 45 | 75 | 105 |
Operating Profit | 5 | 9 | 16 |
OPM % | 10% | 11% | 14% |
Other Income | 0 | 0 | 0 |
Interest | 1 | 2 | 3 |
Depreciation | 1 | 1 | 1 |
Profit before tax | 3 | 7 | 12 |
Tax % | 29% | 26% | 26% |
Net Profit | 2 | 5 | 9 |
BALANCE SHEET
Particulars | Mar 2023 | Mar 2024 | Mar 2025 |
Equity Capital | 0.50 | 4 | 13 |
Reserves | 2 | 8 | 28 |
Borrowings | 21 | 16 | 29 |
Other Liabilities | 30 | 67 | 75 |
Total Liabilities | 54 | 95 | 144 |
Fixed Assets | 1 | 9 | 24 |
CWIP | 0 | 0 | 0 |
Investments | 0 | 0 | 0 |
Other Assets | 53 | 87 | 120 |
Total Assets | 54 | 95 | 144 |
Key Interpretation and Insights
Strengths
The key strengths of Kiaasa can be interpreted in the following manner:
The company has shown rapid growth in its revenues. The company has also shown impressive performance in terms of its return on equity and return on capital employed. Moreover, the company has an omnichannel presence, which is a major strength. The company has shown rapid growth in its store count. Furthermore, the company has focused on the ethnic wear segment, which is a major strength for the company.
Weaknesses
Kiaasa Retail Limited has negative free cash flow because of higher capital expenditures. The company might face problems in maintaining profitability because of increasing operating and administrative expenses. The company might face problems in maintaining liquidity because of increasing working capital requirements.
Risk Factors
The company might face risks like demand fluctuations in the fashion retail industry and higher competition. The company might face problems in maintaining profitability because of higher capital expenditures.
Future Outlook
The future of Kiaasa Retail Limited looks bright because of the company's plan to expand more retail stores. The company can increase profitability by managing costs and improving free cash flow. The company can maintain profitability in the long term only by managing costs and improving free cash flow.
Conclusion
Kiaasa Retail Limited is a highly profitable retail company with higher growth rates. The company has improved profitability and higher profitability margins. The company has negative free cash flow and increasing working capital requirements. The company is in an excellent financial position but in an expansion phase.
Sources
Kiaasa retail limited
Screener
Yahoo finance