Spencer's Retail Ltd.

•

spencersretail.comBSE: 542337NSE: SPENCERS

Market Cap₹ 257 Cr.

Current Price

High / Low₹ 61 / 24

Stock P/E—

Book Value₹ -108

Price to Book-0.24

Dividend Yield0.00 %

ROCE-27.5 %

ROE0.0 %

Face Value₹ 5

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ABOUT

AI Sector View

AI GENERATED

Consumer Services

Buy

Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.

Confidence

73%

View full sector analysis →

PROS

Company is almost debt free
Working capital cycle has improved - days down from -122 to -170
Company generates healthy free cash flow

CONS

Net worth is negative - accumulated losses have eroded equity
Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Company has a low return on capital employed of -29.7%
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 0.0% over last 3 years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer ServicesRetailingRetailing

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DMART	3687.90	78.66	240541.79	0.00	860.44	11.34	18794.53	14.88	18.03	7.98
2.	TRENT	2804.40	82.67	149544.98	0.14	518.07	21.98	5754.71	17.84	36.73	19.45
3.	VMM	101.50	53.31	47550.81	0.00	258.77	25.57	3727.01	18.68	19.24	14.61
4.	METROBRAND	939.90	63.04	25622.76	0.64	95.26	-3.58	720.36	14.66	35.77	29.85
5.	ABLBL	83.43	57.86	10182.81	0.60	29.02	20.62	2045.74	11.15	27.34	15.06
6.	PNGJL	613.50	20.26	9030.88	0.00	105.33	51.91	2412.98	40.73	21.80	7.56
7.	V2RETAIL	218.05	44.50	7950.92	0.00	41.85	69.70	997.20	57.73	38.43	13.99
8.	AVL	614.65	57.11	7937.47	0.20	77.22	39.99	1192.68	26.85	20.82	10.44
9.	MEDPLUS	660.40	37.70	7933.85	0.00	33.17	-21.67	1879.60	21.84	22.22	7.09
10.	EMIL	188.35	35.15	7246.74	0.00	120.64	458.07	2418.95	39.07	11.84	9.88
11.	ETHOSLTD	2639.25	67.99	7062.02	0.00	28.66	50.71	461.71	33.32	13.70	12.97
12.	SPENCERS	28.46	0.00	256.52	0.00	-60.45	1.88	469.47	12.90	-27.46	1.61

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	570	574	654	547	548	518	517	412	416	445	503	436	469
	575	581	642	559	547	563	505	423	423	449	496	443	532
Operating Profit	-5	-7	12	-12	1	-45	12	-11	-7	-4	7	-7	-62
OPM %	-0.81%	-1.17%	1.80%	-2.21%	0.24%	-8.67%	2.28%	-2.78%	-1.60%	-0.79%	1.33%	-1.63%	-13.27%
	12	3	6	4	28	61	3	11	11	4	1	9	2
Interest	34	36	38	41	43	40	41	41	40	41	43	45	46
Depreciation	38	31	32	32	30	64	22	27	26	23	23	23	23
Profit before Tax	-64	-70	-51	-81	-44	-87	-47	-68	-62	-64	-58	-66	-60
Tax %	0.14%	0.13%	0.18%	0.11%	0.14%	0.07%	0.13%	0.09%	0.10%	0.09%	0.10%	0.09%	0.07%
Net Profit	0	0	0	0	-43	-87	-47	-68	-62	-64	-58	-66	-60
	-7.12	-7.78	-5.68	-8.95	-4.82	-9.67	-5.25	-7.59	-6.84	-7.08	-6.47	-7.28	-6.71

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,043	2,187	2,645	2,428	2,300	2,453	2,345	1,995	1,800	1,854
	1,047	2,178	2,587	2,420	2,284	2,474	2,360	2,051	1,823	1,920
Operating Profit	-4	9	57	8	15	-21	-15	-55	-23	-66
OPM %	-0.43%	0.41%	2.17%	0.33%	0.67%	-0.86%	-0.63%	-2.78%	-1.28%	-3.57%
	9	28	32	53	85	57	29	116	38	16
Interest	4	7	82	91	97	115	148	164	169	175
Depreciation	15	25	138	134	126	132	132	143	96	93
Profit before Tax	-14	4	-131	-164	-122	-211	-267	-247	-250	-248
Tax %	-0.00%	42.71%	0.14%	0.21%	0.40%	0.19%	0.13%	0.10%	0.09%	0.09%
Net Profit	-14	2	-131	-164	-121	-210	-266	-246	-249	-248
EPS	0.00	0.30	-16.19	-18.99	-13.49	-23.37	-29.53	-27.33	-27.66	—
Dividend Payout %	—	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: -6%
3 Years:: -10%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: -24%
3 Years:: -24%
1 Year:: -51%

RETURN ON EQUITY

10 Years:: —
5 Years:: -20%
3 Years:: 0%
Last Year:: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0	40	40	45	45	45	45	45	45
	507	508	234	141	16	-196	-461	-707	-958
	1	1	756	857	983	1,245	1,469	1,382	1,638
Trade Payables	280	312	374	331	333	344	385	317	299
	85	53	190	185	188	191	259	273	372
Total Liabilities	873	914	1,594	1,559	1,565	1,629	1,696	1,310	1,396
	239	263	1,055	1,053	1,049	1,132	1,211	953	971
Capital Work in Progress	0	1	10	3	8	2	1	0	0
	7	23	24	35	94	94	56	43	36
	242	270	248	267	260	265	266	170	184
	0	0	0	0	0	0	25	18	25
Cash & Bank	100	220	81	58	18	18	36	26	49
	285	137	176	143	136	119	101	100	131
Total Assets	873	914	1,594	1,559	1,565	1,629	1,696	1,310	1,396

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-48	-10	121	2	54	12	35	37	-60
Cash from Investing	-189	22	-7	-18	-40	-26	11	-20	-8
Cash from Financing	38	-0	-54	-3	-54	-5	-28	-27	92
	-199	9	53	-24	-40	-4	18	-10	24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
58.81	58.81	58.81	58.81	58.81	58.81	58.81	58.81	58.81
8.31	8.30	8.55	8.73	7.55	7.35	6.49	6.54	6.49
1.99	1.99	2.00	1.99	1.99	1.99	1.99	1.99	1.99
0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
30.85	30.87	30.63	30.45	31.61	31.81	32.67	32.62	32.68

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Shareholders meeting

2026-09-11 - Spencer's Retail Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 11, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.

2026-08-18

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-18 - Spencer's Retail Limited has informed the Exchange about Transcript

2026-08-16

Copy of Newspaper Publication

2026-08-16 - Spencer's Retail Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-14

Shareholders meeting

2026-08-14 - Spencer's Retail Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 11, 2026

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Spencer's Retail Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Spencer's Retail Limited has informed the Exchange about Link of Recording

2026-08-13

Investor Presentation

2026-08-13 - Spencer's Retail Limited has informed the Exchange about Investor Presentation

2026-08-13

Outcome of Board Meeting

2026-08-13 - Spencer's Retail Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - Spencer's Retail Limited has informed the Exchange about Schedule of meet

News

Recent coverage and analyst commentary for SPENCERS

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Spencer's Retail Ltd.

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Free 5nance Account

Name

DMART

3687.90

78.66

240541.79

0.00

860.44

11.34

18794.53

14.88

18.03

7.98

TRENT

2804.40

82.67

149544.98

0.14

518.07

21.98

5754.71

17.84

36.73

19.45

VMM

101.50

53.31

47550.81

0.00

258.77

25.57

3727.01

18.68

19.24

14.61

METROBRAND

939.90

63.04

25622.76

0.64

95.26

-3.58

720.36

14.66

35.77

29.85

ABLBL

83.43

57.86

10182.81

0.60

29.02

20.62

2045.74

11.15

27.34

15.06

PNGJL

613.50

20.26

9030.88

0.00

105.33

51.91

2412.98

40.73

21.80

7.56

V2RETAIL

218.05

44.50

7950.92

0.00

41.85

69.70

997.20

57.73

38.43

13.99

AVL

614.65

57.11

7937.47

0.20

77.22

39.99

1192.68

26.85

20.82

10.44

MEDPLUS

660.40

37.70

7933.85

0.00

33.17

-21.67

1879.60

21.84

22.22

7.09

EMIL

188.35

35.15

7246.74

0.00

120.64

458.07

2418.95

39.07

11.84

9.88

ETHOSLTD

2639.25

67.99

7062.02

0.00

28.66

50.71

461.71

33.32

13.70

12.97

SPENCERS

28.46

0.00

256.52

0.00

-60.45

1.88

469.47

12.90

-27.46

1.61

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

570

574

654

547

548

518

517

412

416

445

503

436

469

575

581

642

559

547

563

505

423

449

496

443

532

Operating Profit

-5

-7

-12

-45

-11

-7

-4

-7

-62

OPM %

-0.81%

-1.17%

1.80%

-2.21%

0.24%

-8.67%

2.28%

-2.78%

-1.60%

-0.79%

1.33%

-1.63%

-13.27%

Interest

Depreciation

Profit before Tax

-64

-70

-51

-81

-44

-87

-47

-68

-62

-64

-58

-66

-60

Tax %

0.14%

0.13%

0.18%

0.11%

0.14%

0.07%

0.13%

0.09%

0.10%

0.09%

0.10%

0.09%

0.07%

Net Profit

-43

-87

-47

-68

-62

-64

-58

-66

-60

-7.12

-7.78

-5.68

-8.95

-4.82

-9.67

-5.25

-7.59

-6.84

-7.08

-6.47

-7.28

-6.71

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,043

2,187

2,645

2,428

2,300

2,453

2,345

1,995

1,800

1,854

1,047

2,178

2,587

2,420

2,284

2,474

2,360

2,051

1,823

1,920

Operating Profit

-4

-21

-15

-55

-23

-66

OPM %

-0.43%

0.41%

2.17%

0.33%

0.67%

-0.86%

-0.63%

-2.78%

-1.28%

-3.57%

116

Interest

115

148

164

169

175

Depreciation

138

134

126

132

143

Profit before Tax

-14

-131

-164

-122

-211

-267

-247

-250

-248

Tax %

-0.00%

42.71%

0.14%

0.21%

0.40%

0.19%

0.13%

0.10%

0.09%

Net Profit

-14

-131

-164

-121

-210

-266

-246

-249

-248

EPS

0.00

0.30

-16.19

-18.99

-13.49

-23.37

-29.53

-27.33

-27.66

—

Dividend Payout %

—

0.00%

—

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

507

508

234

141

-196

-461

-707

-958

756

857

983

1,245

1,469

1,382

1,638

Trade Payables

280

312

374

331

333

344

385

317

299

190

185

188

191

259

273

372

Total Liabilities

873

914

1,594

1,559

1,565

1,629

1,696

1,310

1,396

239

263

1,055

1,053

1,049

1,132

1,211

953

971

Capital Work in Progress

242

270

248

267

260

265

266

170

184

Cash & Bank

100

220

285

137

176

143

136

119

101

100

131

Total Assets

873

914

1,594

1,559

1,565

1,629

1,696

1,310

1,396

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-48

-10

121

-60

Cash from Investing

-189

-7

-18

-40

-26

-20

-8

Cash from Financing

-0

-54

-3

-54

-5

-28

-27

-199

-24

-40

-4

-10

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

58.81

8.31

8.30

8.55

8.73

7.55

7.35

6.49

6.54

6.49

1.99

2.00

1.99

0.01

30.85

30.87

30.63

30.45

31.61

31.81

32.67

32.62

32.68

Spencer's Retail Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Spencer's Retail Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI