
Bombay Swadeshi Stores Limited Unlisted Shares
vs. prev. close ₹470
Market cap
₹232 Cr
IPO stage
No DRHP filed
CIN
U74999MH1905PLC000223
Price History
About Bombay Swadeshi Stores Limited Unlisted Shares
The Bombay Store turns 120 this year, and FY26 was the one where it finally crossed ₹100 crore in revenue. Debt-free, family-run, and compounding profits at a 29% return on equity, it's a heritage retail story with real room left to run.
Short Version :
Bombay Swadeshi Stores Limited operates The Bombay Store, a 120-year-old Mumbai-origin retail brand selling Indian handicrafts, home décor and lifestyle products through a pan-India network of 30 stores. FY26 revenue crossed the ₹100 crore mark for the first time, growing 12.7% to ₹100.01 crore, with profit after tax up 18.3% to ₹10.31 crore. FY26 EPS stood at ₹20.87, book value per share at ₹72.17, and return on equity at a strong 28.92%. The company is debt-light, carries no long-term borrowings, and remains closely held by the Chandak-Kabra family.
Why It Trades Where It Does :
The business is anchored by over a century of brand heritage in a niche "Indian handicrafts and lifestyle" retail category with limited organized competition, translating into consistently profitable, debt-free operations. A return on equity of 28.92% on a relatively lean equity base of ₹35.65 crore reflects efficient capital use rather than balance-sheet leverage, since the company holds only ₹7.00 crore of short-term borrowings and no long-term debt. The valuation story rests on a mature, cash-generative retail franchise with a clear expansion runway rather than a high-growth narrative, tempered by the company's small scale, unlisted status and tightly held ownership structure.
Top Risk :
Thin governance through FY26: no constituted Audit Committee and limited independent board representation; two independent directors were appointed only in August 2026, after the year closed
Concentrated family ownership (Chandak-Kabra family) with no listed trading history, limiting liquidity and price discovery for minority shareholders
Pending litigation tied to one retail store (MG Road, Pune), with a court-ordered deposit of ₹5.21 crore already made, locking up working capital
Business remains exposed to discretionary consumer spending and a single-brand, single-format retail model
Top Opportunities :
Crossed the ₹100 crore revenue milestone in FY26, with scope to scale further across India's growing mall and lifestyle-retail ecosystem
Three new stores added in FY26 (SkyCity Mall Mumbai, Y Junction Mall Hyderabad, Inorbit Mall Visakhapatnam), taking the network to 30 stores and demonstrating an active, proven rollout playbook
Debt-free balance sheet (just ₹7.00 crore of short-term borrowings against ₹35.65 crore of equity) leaves ample headroom to fund further expansion through internal accruals or external capital
Over a century of brand equity ("Since 1906") supports premiumization and cross-category extension within home décor and lifestyle products
Disclaimer :
Priveq.in is an informational platform for unlisted and pre-IPO shares, operated by Priveq Investech Private Limited (the named counterparty on transactions). Unlisted shares carry risks including illiquidity, valuation uncertainty, and limited regulatory disclosure. This page is informational only and does not constitute investment advice.
Company Details
Industry
Consumer Goods (FMCG)
Founded
1905
Headquarters
Mumbai, Maharashtra, India
Min Lot Size
1
Face Value
₹2.00
Total Shares
4940000
Regulatory Information
Corporate Identity Number (CIN)
U74999MH1905PLC000223
PAN Number
AAACB4624J
ISIN
INE595B01027
Key Valuation Ratios
Valuation
Market Cap
₹232.18 Cr
P/E Ratio
22.36×
P/S Ratio
2.32×
P/B Ratio
6.51×
EV / EBITDA
15.68×
Returns & Per Share
ROE
29.12%
EPS
₹21.02
Book Value / Share
₹72.16
Solvency
Debt / Equity
0.20×
Interest Coverage
6,093.43×
Company Fundamentals
As of FY2026 Annual · updated 16 Oct 2026Gross Profit
₹52.12 Cr
EBITDA
₹15.03 Cr
Revenue Growth
12.66%
Profit Margin
10.38%
Performance Trends
5 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
Debt-to-Equity
0.20×
EBITDA Margin
15.03%
Interest Coverage
6,093.43×
Financial Statements
| Line item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Total Income | |||||
| Revenue from operationsDisclosed | 26.24₹ Crore | 70.14₹ Crore | 83.1₹ Crore | 88.77₹ Crore | 100.01₹ Crore |
| Other incomeDisclosed | 23.86₹ Lakh | 27.17₹ Lakh | 13.32₹ Lakh | 15.26₹ Lakh | 10.98₹ Lakh |
| Total IncomeDerived | 26.48₹ Crore | 70.42₹ Crore | 83.23₹ Crore | 88.92₹ Crore | 100.12₹ Crore |
| Expenses | |||||
| Cost of goods soldDisclosed | 13.08₹ Crore | 33.29₹ Crore | 39.75₹ Crore | 42.85₹ Crore | 47.88₹ Crore |
| Employee benefits expenseDisclosed | 6.67₹ Crore | 7.62₹ Crore | 8.58₹ Crore | 9.78₹ Crore | 11.59₹ Crore |
| Finance costsDisclosed | 26.56₹ Lakh | 79.41₹ Lakh | 69₹ Thousand | 30₹ Thousand | 23₹ Thousand |
| Depreciation and amortization expenseDisclosed | 96.34₹ Lakh | 74.63₹ Lakh | 71.47₹ Lakh | 90.3₹ Lakh | 1.01₹ Crore |
| Manufacturing expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Operating expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Other expensesDisclosed | 12.24₹ Crore | 16.59₹ Crore | 20.68₹ Crore | 23.56₹ Crore | 25.65₹ Crore |
| Total ExpensesDerived | 33.21₹ Crore | 59.04₹ Crore | 69.73₹ Crore | 77.1₹ Crore | 86.14₹ Crore |
| Profit | |||||
| Exceptional itemsDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 3.53₹ Lakh |
| Profit before taxDerived | -6.74₹ Crore | 11.38₹ Crore | 13.5₹ Crore | 11.82₹ Crore | 14.01₹ Crore |
| Current tax expenseDisclosed | 0₹ Crore | 0₹ Crore | 1.19₹ Crore | 3.11₹ Crore | 3.81₹ Crore |
| Deferred tax expenseDisclosed | -1.64₹ Crore | 2.85₹ Crore | 2.38₹ Crore | -54₹ Thousand | -16.96₹ Lakh |
| Tax expenseDisclosed | -1.63₹ Crore | 2.59₹ Crore | 3.58₹ Crore | 3.1₹ Crore | 3.63₹ Crore |
| Profit After TaxDerived | -5.1₹ Crore | 8.79₹ Crore | 9.92₹ Crore | 8.72₹ Crore | 10.38₹ Crore |
| Other comprehensive incomeDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Total Comprehensive IncomeDerived | -5.1₹ Crore | 8.79₹ Crore | 9.92₹ Crore | 8.72₹ Crore | 10.38₹ Crore |
Mrs. Madhu Abhay Chandak
Director
12 yrs
Mrs. Jyoti Varun Kabra
Director
8 yrs
Express buy interest
No commitment — the desk will reach out
Current Price
₹470Secure & Verified Transaction
Unlisted shares are illiquid and carry higher market risks. Please read the Risk Disclosure before investing.
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About Bombay Swadeshi Stores Limited Unlisted Shares unlisted shares
Indicative · updated dailyBombay Swadeshi Stores Limited unlisted share price today
Bombay Swadeshi Stores Limited unlisted share price today is ₹470 as of 16 October 2026.
Bombay Swadeshi Stores Limited Unlisted Shares — frequently asked questions
- What is the grey market price for Bombay Swadeshi Stores Limited?
No IPO is currently announced for Bombay Swadeshi Stores Limited, so no grey market exists; the price above reflects Priveq's own desk valuation.
- Has Bombay Swadeshi Stores Limited filed for an IPO, and when might it list?
Bombay Swadeshi Stores Limited has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.
- How does Bombay Swadeshi Stores Limited compare to its listed peers?
There is no closely comparable listed company for Bombay Swadeshi Stores Limited in India today.
- Is Bombay Swadeshi Stores Limited on the SME or Mainboard IPO track?
Bombay Swadeshi Stores Limited has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is Bombay Swadeshi Stores Limited's CIN and registered office?
Bombay Swadeshi Stores Limited's Corporate Identity Number is U74999MH1905PLC000223, registered at Mumbai, Maharashtra, India.
- What is Bombay Swadeshi Stores Limited's market capitalisation?
Bombay Swadeshi Stores Limited's market capitalisation is approximately ₹232 crore, based on its current unlisted share price.
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Buying, selling and holding unlisted shares
Applies to every company on Priveq- How do I buy Bombay Swadeshi Stores Limited unlisted shares?
Priveq Investech Private Limited is the named counterparty on every transaction. To buy Bombay Swadeshi Stores Limited unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, Bombay Swadeshi Stores Limited shares are transferred off-market straight to your demat account, with no pooling and no middlemen.
- How do I sell Bombay Swadeshi Stores Limited unlisted shares?
Submit an Express Sell Interest for Bombay Swadeshi Stores Limited through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer Bombay Swadeshi Stores Limited shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.
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Minimum investment varies by company and is shown as the Min Investment figure on this page. Bombay Swadeshi Stores Limited's minimum is ₹470.
- Is there a maximum investment limit?
There's no fixed maximum investment limit for Bombay Swadeshi Stores Limited unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.
- Is buying Bombay Swadeshi Stores Limited unlisted shares legal in India?
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- What is the lock-in period for Bombay Swadeshi Stores Limited unlisted shares?
Bombay Swadeshi Stores Limited has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.
- What happens if Bombay Swadeshi Stores Limited's IPO is delayed or withdrawn?
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- How are capital gains on Bombay Swadeshi Stores Limited unlisted shares taxed?
If you sell unlisted shares, including Bombay Swadeshi Stores Limited, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If Bombay Swadeshi Stores Limited lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.
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Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.
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- How does Priveq determine the desk price for Bombay Swadeshi Stores Limited?
Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for Bombay Swadeshi Stores Limited specifically, broader sentiment in the unlisted and pre-IPO market, how Bombay Swadeshi Stores Limited's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.
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