Shoppers Stop Ltd.

•

₹ 421.30.33%

2026-08-21

shoppersstop.comBSE: 532638NSE: SHOPERSTOP

Market Cap₹ 4,590 Cr.

Current Price₹ 420

High / Low₹ 572 / 276

Stock P/E0.0

Book Value₹ 25

Price to Book11.12

Dividend Yield0.00 %

ROCE45.6 %

ROE-15.1 %

Face Value₹ 5

Add ratio to table

ABOUT

KEY POINTS

PROS

Company has a healthy return on capital (ROCE) of 62.8%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 59.78x)
Company has delivered good sales growth of 22.2% CAGR over last 5 years
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Company has a low return on equity of 4.9% over last 3 years
Interest coverage is weak at 0.8x - earnings barely cover interest
Contingent liabilities are large at 69.2% of net worth
Stock is trading at 11.1x its book value
Recurring exceptional / one-off items are inflating headline profit

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

Peer comparison

EDIT COLUMNS

Consumer ServicesRetailingRetailing

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	DMART	3979.55	84.88	259564.55	0.00	860.44	11.34	18794.53	14.88	18.03	7.98
2.	TRENT	2944.00	86.78	156983.37	0.14	518.07	21.98	5754.71	17.84	36.73	19.45
3.	VMM	103.40	54.31	48440.92	0.00	258.77	25.57	3727.01	18.68	17.13	14.61
4.	METROBRAND	924.05	61.97	25186.40	0.32	95.26	-3.58	720.36	14.66	33.25	29.85
5.	ABLBL	86.92	60.28	10608.77	0.58	29.02	20.62	2045.74	11.15	27.34	15.06
6.	PNGJL	603.90	19.94	8889.56	0.00	105.33	51.91	2412.98	40.73	20.40	7.56
7.	V2RETAIL	220.00	44.90	8022.03	0.00	41.85	69.70	997.20	57.73	38.43	13.99
8.	AVL	605.70	0.00	7821.89	0.21	77.22	39.99	1192.68	26.85	20.82	10.44
9.	MEDPLUS	649.85	37.09	7807.11	0.00	33.17	-21.67	1879.60	21.84	22.22	7.09
10.	ETHOSLTD	2904.30	74.81	7771.24	0.00	28.66	50.71	461.71	33.32	13.70	12.97
11.	EMIL	191.15	35.67	7354.47	0.00	120.64	458.07	2418.95	39.07	14.49	9.88
12.	SHOPERSTOP	416.50	0.00	4590.07	0.00	-14.25	9.47	1291.41	11.22	43.81	14.51

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	982	1,025	1,207	1,000	1,034	1,068	1,311	1,022	1,094	1,175	1,321	1,117	1,185
	809	865	991	836	892	921	1,072	853	928	1,011	1,111	939	1,213
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	7	11	3	35	4	10	22	17	10	9	24	9	5
Interest	54	55	58	57	60	64	65	69	72	71	70	70	72
Depreciation	105	108	111	112	117	121	129	124	128	133	131	142	136
	20	3	50	28	-31	-31	68	-5	-24	-30	15	-28	-22
Tax %	26.87%	29.92%	28.35%	24.16%	28.43%	28.29%	28.52%	154.53%	24.93%	24.93%	15.48%	33.84%	24.90%
Net Profit	15	2	36	22	-23	-22	49	2	-18	-23	13	-18	-17
	1	0	3	2	-2	-2	4	0	-2	-2	1	-2	-0
Equity Capital	55	55	55	55	55	55	55	55	55	55	55	55	55
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	55	55	55	55	55	55	55	55	55	55	55	55	55
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 982
: 809
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 54
Depreciation: 105
: 20
Tax %: 26.87%
Net Profit: 15
: 1
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 1,025
: 865
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 55
Depreciation: 108
: 3
Tax %: 29.92%
Net Profit: 2
: 0
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 1,207
: 991
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 58
Depreciation: 111
: 50
Tax %: 28.35%
Net Profit: 36
: 3
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 1,000
: 836
Operating Profit: —
OPM %: —
Other Income: 35
Interest: 57
Depreciation: 112
: 28
Tax %: 24.16%
Net Profit: 22
: 2
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 1,034
: 892
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 60
Depreciation: 117
: -31
Tax %: 28.43%
Net Profit: -23
: -2
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 1,068
: 921
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 64
Depreciation: 121
: -31
Tax %: 28.29%
Net Profit: -22
: -2
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 1,311
: 1,072
Operating Profit: —
OPM %: —
Other Income: 22
Interest: 65
Depreciation: 129
: 68
Tax %: 28.52%
Net Profit: 49
: 4
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 1,022
: 853
Operating Profit: —
OPM %: —
Other Income: 17
Interest: 69
Depreciation: 124
: -5
Tax %: 154.53%
Net Profit: 2
: 0
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 1,094
: 928
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 72
Depreciation: 128
: -24
Tax %: 24.93%
Net Profit: -18
: -2
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 1,175
: 1,011
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 71
Depreciation: 133
: -30
Tax %: 24.93%
Net Profit: -23
: -2
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 1,321
: 1,111
Operating Profit: —
OPM %: —
Other Income: 24
Interest: 70
Depreciation: 131
: 15
Tax %: 15.48%
Net Profit: 13
: 1
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 1,117
: 939
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 70
Depreciation: 142
: -28
Tax %: 33.84%
Net Profit: -18
: -2
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 1,185
: 1,213
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 72
Depreciation: 136
: -22
Tax %: 24.90%
Net Profit: -17
: -0
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 55
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,648	3,591	3,481	3,381	1,725	2,494	3,998	4,213	4,436	4,708	4,799
	3,430	3,353	3,204	2,808	1,661	2,211	3,283	3,482	3,713	3,966	4,274
Operating Profit	248	254	295	607	283	449	778	791	775	794	—
OPM %	7	7	8	18	16	18	19	19	17	17	—
Other Income	30	16	18	34	219	166	63	61	53	52	47
Interest	84	63	37	218	231	220	233	248	282	307	284
Depreciation	116	112	135	439	385	352	382	436	492	534	542
	0	29	124	-71	-355	-139	162	101	2	-67	-65
Tax %	6,426	60	36	-99	22	38	26	27	-327	31	31
Net Profit	-20	12	79	-141	-275	-87	119	74	7	-46	-45
EPS	-2	1	9	-16	-29	-8	11	7	1	-4	—
Dividend Payout %	-31	57	8	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-2	1	8	-15	-25	-8	11	7	1	-4	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-2	1	8	-15	-25	-8	11	7	1	-4	—

Mar 2017

: 3,648
: 3,430
Operating Profit: 248
OPM %: 7
Other Income: 30
Interest: 84
Depreciation: 116
: 0
Tax %: 6,426
Net Profit: -20
EPS: -2
Dividend Payout %: -31
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -2

Mar 2018

: 3,591
: 3,353
Operating Profit: 254
OPM %: 7
Other Income: 16
Interest: 63
Depreciation: 112
: 29
Tax %: 60
Net Profit: 12
EPS: 1
Dividend Payout %: 57
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2019

: 3,481
: 3,204
Operating Profit: 295
OPM %: 8
Other Income: 18
Interest: 37
Depreciation: 135
: 124
Tax %: 36
Net Profit: 79
EPS: 9
Dividend Payout %: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

Mar 2020

: 3,381
: 2,808
Operating Profit: 607
OPM %: 18
Other Income: 34
Interest: 218
Depreciation: 439
: -71
Tax %: -99
Net Profit: -141
EPS: -16
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -15

Mar 2021

: 1,725
: 1,661
Operating Profit: 283
OPM %: 16
Other Income: 219
Interest: 231
Depreciation: 385
: -355
Tax %: 22
Net Profit: -275
EPS: -29
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -25
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -25

Mar 2022

: 2,494
: 2,211
Operating Profit: 449
OPM %: 18
Other Income: 166
Interest: 220
Depreciation: 352
: -139
Tax %: 38
Net Profit: -87
EPS: -8
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -8

Mar 2023

: 3,998
: 3,283
Operating Profit: 778
OPM %: 19
Other Income: 63
Interest: 233
Depreciation: 382
: 162
Tax %: 26
Net Profit: 119
EPS: 11
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 11
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 11

Mar 2024

: 4,213
: 3,482
Operating Profit: 791
OPM %: 19
Other Income: 61
Interest: 248
Depreciation: 436
: 101
Tax %: 27
Net Profit: 74
EPS: 7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2025

: 4,436
: 3,713
Operating Profit: 775
OPM %: 17
Other Income: 53
Interest: 282
Depreciation: 492
: 2
Tax %: -327
Net Profit: 7
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2026

: 4,708
: 3,966
Operating Profit: 794
OPM %: 17
Other Income: 52
Interest: 307
Depreciation: 534
: -67
Tax %: 31
Net Profit: -46
EPS: -4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -4

TTM

: 4,799
: 4,274
Operating Profit: —
OPM %: —
Other Income: 47
Interest: 284
Depreciation: 542
: -65
Tax %: 31
Net Profit: -45
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 3%
5 Years:: 22%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 2%
5 Years:: 12%
3 Years:: -19%
1 Year:: -22%

RETURN ON EQUITY

10 Years:: -16%
5 Years:: 6%
3 Years:: 5%
Last Year:: -15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	42	44	44	44	55	55	55	55	55	55
	717	909	933	92	126	41	164	258	271	232
	576	87	40	124	56	104	83	104	142	28
Trade Payables	330	489	1,254	1,497	1,140	1,442	1,826	1,955	2,212	2,334
	167	214	172	2,045	1,798	1,767	2,139	2,563	2,966	3,084
Total Liabilities	1,831	1,743	2,443	3,801	3,175	3,409	4,267	4,934	5,645	5,732
ASSETS	-	-	-	-	-	-	-	-	-	-
	635	648	595	1,878	1,711	1,723	2,097	2,575	2,944	2,990
Capital Work in Progress	13	15	31	10	3	14	30	17	4	4
	408	318	294	206	128	146	73	55	60	110
	353	328	1,054	1,224	847	1,008	1,486	1,615	1,920	1,910
	0	0	0	0	0	0	0	70	35	39
Cash & Bank	5	5	17	1	42	32	25	16	13	11
	418	428	454	482	445	486	555	585	669	669
Total Assets	1,831	1,743	2,443	3,801	3,175	3,409	4,267	4,934	5,645	5,732
Total Debt	576	87	40	124	150	194	104	125	262	154
Net Working Capital	-409	-227	-115	-223	-275	-422	-475	-523	-463	-550
Contingent Liabilities	44	36	147	180	258	280	213	230	267	207
Book Value per Share	90.83	108.32	111.07	15.44	16.50	8.78	19.96	28.42	29.61	26.04
Face Value	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Total Debt	576	87	40	124	150	194	104	125	262	154
Net Working Capital	-409	-227	-115	-223	-275	-422	-475	-523	-463	-550
Contingent Liabilities	44	36	147	180	258	280	213	230	267	207
Book Value per Share	90.83	108.32	111.07	15.44	16.50	8.78	19.96	28.42	29.61	26.04
Face Value	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00

Mar 2017

Equity Capital: 42
: 717
: 576
Trade Payables: 330
: 167
Total Liabilities: 1,831
: 635
Capital Work in Progress: 13
: 408
: 353
: 0
Cash & Bank: 5
: 418
Total Assets: 1,831
Total Debt: 576
Net Working Capital: -409
Contingent Liabilities: 44
Book Value per Share: 90.83
Face Value: 5.00
Total Debt: 576
Net Working Capital: -409
Contingent Liabilities: 44
Book Value per Share: 90.83
Face Value: 5.00

Mar 2018

Equity Capital: 44
: 909
: 87
Trade Payables: 489
: 214
Total Liabilities: 1,743
: 648
Capital Work in Progress: 15
: 318
: 328
: 0
Cash & Bank: 5
: 428
Total Assets: 1,743
Total Debt: 87
Net Working Capital: -227
Contingent Liabilities: 36
Book Value per Share: 108.32
Face Value: 5.00
Total Debt: 87
Net Working Capital: -227
Contingent Liabilities: 36
Book Value per Share: 108.32
Face Value: 5.00

Mar 2019

Equity Capital: 44
: 933
: 40
Trade Payables: 1,254
: 172
Total Liabilities: 2,443
: 595
Capital Work in Progress: 31
: 294
: 1,054
: 0
Cash & Bank: 17
: 454
Total Assets: 2,443
Total Debt: 40
Net Working Capital: -115
Contingent Liabilities: 147
Book Value per Share: 111.07
Face Value: 5.00
Total Debt: 40
Net Working Capital: -115
Contingent Liabilities: 147
Book Value per Share: 111.07
Face Value: 5.00

Mar 2020

Equity Capital: 44
: 92
: 124
Trade Payables: 1,497
: 2,045
Total Liabilities: 3,801
: 1,878
Capital Work in Progress: 10
: 206
: 1,224
: 0
Cash & Bank: 1
: 482
Total Assets: 3,801
Total Debt: 124
Net Working Capital: -223
Contingent Liabilities: 180
Book Value per Share: 15.44
Face Value: 5.00
Total Debt: 124
Net Working Capital: -223
Contingent Liabilities: 180
Book Value per Share: 15.44
Face Value: 5.00

Mar 2021

Equity Capital: 55
: 126
: 56
Trade Payables: 1,140
: 1,798
Total Liabilities: 3,175
: 1,711
Capital Work in Progress: 3
: 128
: 847
: 0
Cash & Bank: 42
: 445
Total Assets: 3,175
Total Debt: 150
Net Working Capital: -275
Contingent Liabilities: 258
Book Value per Share: 16.50
Face Value: 5.00
Total Debt: 150
Net Working Capital: -275
Contingent Liabilities: 258
Book Value per Share: 16.50
Face Value: 5.00

Mar 2022

Equity Capital: 55
: 41
: 104
Trade Payables: 1,442
: 1,767
Total Liabilities: 3,409
: 1,723
Capital Work in Progress: 14
: 146
: 1,008
: 0
Cash & Bank: 32
: 486
Total Assets: 3,409
Total Debt: 194
Net Working Capital: -422
Contingent Liabilities: 280
Book Value per Share: 8.78
Face Value: 5.00
Total Debt: 194
Net Working Capital: -422
Contingent Liabilities: 280
Book Value per Share: 8.78
Face Value: 5.00

Mar 2023

Equity Capital: 55
: 164
: 83
Trade Payables: 1,826
: 2,139
Total Liabilities: 4,267
: 2,097
Capital Work in Progress: 30
: 73
: 1,486
: 0
Cash & Bank: 25
: 555
Total Assets: 4,267
Total Debt: 104
Net Working Capital: -475
Contingent Liabilities: 213
Book Value per Share: 19.96
Face Value: 5.00
Total Debt: 104
Net Working Capital: -475
Contingent Liabilities: 213
Book Value per Share: 19.96
Face Value: 5.00

Mar 2024

Equity Capital: 55
: 258
: 104
Trade Payables: 1,955
: 2,563
Total Liabilities: 4,934
: 2,575
Capital Work in Progress: 17
: 55
: 1,615
: 70
Cash & Bank: 16
: 585
Total Assets: 4,934
Total Debt: 125
Net Working Capital: -523
Contingent Liabilities: 230
Book Value per Share: 28.42
Face Value: 5.00
Total Debt: 125
Net Working Capital: -523
Contingent Liabilities: 230
Book Value per Share: 28.42
Face Value: 5.00

Mar 2025

Equity Capital: 55
: 271
: 142
Trade Payables: 2,212
: 2,966
Total Liabilities: 5,645
: 2,944
Capital Work in Progress: 4
: 60
: 1,920
: 35
Cash & Bank: 13
: 669
Total Assets: 5,645
Total Debt: 262
Net Working Capital: -463
Contingent Liabilities: 267
Book Value per Share: 29.61
Face Value: 5.00
Total Debt: 262
Net Working Capital: -463
Contingent Liabilities: 267
Book Value per Share: 29.61
Face Value: 5.00

Mar 2026

Equity Capital: 55
: 232
: 28
Trade Payables: 2,334
: 3,084
Total Liabilities: 5,732
: 2,990
Capital Work in Progress: 4
: 110
: 1,910
: 39
Cash & Bank: 11
: 669
Total Assets: 5,732
Total Debt: 154
Net Working Capital: -550
Contingent Liabilities: 207
Book Value per Share: 26.04
Face Value: 5.00
Total Debt: 154
Net Working Capital: -550
Contingent Liabilities: 207
Book Value per Share: 26.04
Face Value: 5.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	156	322	203	564	10	389	562	616	566	873
Cash from Investing	-85	32	-131	-283	-36	-109	-52	-137	-162	-170
Cash from Financing	-110	-270	-59	-423	171	-280	-537	-498	-429	-651
	-39	84	13	-142	145	-0	-27	-18	-26	52
Free Cash Flow	75	203	126	-1,103	10	97	132	342	-151	488
OCF / Net Profit	-7.83	27.74	2.58	-4.00	-0.04	-4.49	4.71	8.34	83.93	-18.88
Cumulative 5-Year FCF	0	0	0	0	-689	-667	-738	-522	429	907
OCF / Net Profit	-7.83	27.74	2.58	-4.00	-0.04	-4.49	4.71	8.34	83.93	-18.88
Cumulative 5-Year FCF	0	0	0	0	-689	-667	-738	-522	429	907

Mar 2017

: 156
Cash from Investing: -85
Cash from Financing: -110
: -39
Free Cash Flow: 75
OCF / Net Profit: -7.83
Cumulative 5-Year FCF: 0
OCF / Net Profit: -7.83
Cumulative 5-Year FCF: 0

Mar 2018

: 322
Cash from Investing: 32
Cash from Financing: -270
: 84
Free Cash Flow: 203
OCF / Net Profit: 27.74
Cumulative 5-Year FCF: 0
OCF / Net Profit: 27.74
Cumulative 5-Year FCF: 0

Mar 2019

: 203
Cash from Investing: -131
Cash from Financing: -59
: 13
Free Cash Flow: 126
OCF / Net Profit: 2.58
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.58
Cumulative 5-Year FCF: 0

Mar 2020

: 564
Cash from Investing: -283
Cash from Financing: -423
: -142
Free Cash Flow: -1,103
OCF / Net Profit: -4.00
Cumulative 5-Year FCF: 0
OCF / Net Profit: -4.00
Cumulative 5-Year FCF: 0

Mar 2021

: 10
Cash from Investing: -36
Cash from Financing: 171
: 145
Free Cash Flow: 10
OCF / Net Profit: -0.04
Cumulative 5-Year FCF: -689
OCF / Net Profit: -0.04
Cumulative 5-Year FCF: -689

Mar 2022

: 389
Cash from Investing: -109
Cash from Financing: -280
: -0
Free Cash Flow: 97
OCF / Net Profit: -4.49
Cumulative 5-Year FCF: -667
OCF / Net Profit: -4.49
Cumulative 5-Year FCF: -667

Mar 2023

: 562
Cash from Investing: -52
Cash from Financing: -537
: -27
Free Cash Flow: 132
OCF / Net Profit: 4.71
Cumulative 5-Year FCF: -738
OCF / Net Profit: 4.71
Cumulative 5-Year FCF: -738

Mar 2024

: 616
Cash from Investing: -137
Cash from Financing: -498
: -18
Free Cash Flow: 342
OCF / Net Profit: 8.34
Cumulative 5-Year FCF: -522
OCF / Net Profit: 8.34
Cumulative 5-Year FCF: -522

Mar 2025

: 566
Cash from Investing: -162
Cash from Financing: -429
: -26
Free Cash Flow: -151
OCF / Net Profit: 83.93
Cumulative 5-Year FCF: 429
OCF / Net Profit: 83.93
Cumulative 5-Year FCF: 429

Mar 2026

: 873
Cash from Investing: -170
Cash from Financing: -651
: 52
Free Cash Flow: 488
OCF / Net Profit: -18.88
Cumulative 5-Year FCF: 907
OCF / Net Profit: -18.88
Cumulative 5-Year FCF: 907

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	-2.39	1.32	8.95	-16.02	-25.16	-7.91	10.87	6.72	0.61	-4.20
Book Value (₹)	90.83	108.32	111.07	15.44	16.50	8.78	19.96	28.42	29.61	26.04
Dividend per Share (₹)	0.75	0.75	0.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	10.87	13.34	23.08	32.19	10.01	24.22	45.67	46.38	45.28	44.32
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	6.45%	5.21%	5.81%	12.99%	11.71%	16.42%	17.73%	15.25%	14.55%	14.14%
Net Margin %	-0.52%	0.24%	1.55%	-3.02%	-11.38%	-3.17%	2.72%	1.54%	0.14%	-0.88%
ROE %	-2.60%	1.36%	8.16%	-25.32%	-173.96%	-62.65%	75.70%	27.80%	2.11%	-15.09%
ROCE %	6.24%	7.73%	15.58%	23.12%	-41.83%	26.18%	125.70%	88.90%	53.97%	45.61%
	-1.07%	0.65%	3.76%	-4.51%	-7.89%	-2.63%	3.11%	1.61%	0.13%	-0.81%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	3	3	3	3	5	5	3	4	4	3
Inventory Days	35	26	50	89	156	124	104	118	130	133
Payable Days	56	68	157	255	452	313	256	276	292	295
	-18	-39	-104	-163	-290	-185	-150	-154	-158	-159
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.76x	0.09x	0.04x	0.91x	0.83x	2.02x	0.48x	0.40x	0.80x	0.54x
Interest Coverage (x)	1.00x	1.46x	4.37x	0.68x	-0.54x	0.37x	1.70x	1.41x	1.01x	0.78x
	0.53x	0.70x	0.92x	0.88x	0.82x	0.78x	0.80x	0.80x	0.84x	0.81x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	8.74%	-1.55%	-3.07%	-2.88%	-48.98%	44.56%	60.33%	5.37%	5.28%	6.13%
Operating Profit Growth %	-4.08%	2.64%	16.20%	105.46%	-53.33%	58.39%	73.51%	1.67%	-2.06%	2.39%
Net Profit Growth %	-187.14%	158.20%	578.66%	-278.97%	-95.27%	68.51%	237.57%	-38.05%	-90.88%	-786.05%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-38.22%	-90.89%	-785.68%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	111.91x	894.43x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	26.45x	18.50x	11.12x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	10.58x	8.10x	4.20x

Mar 2017

EPS (₹): -2.39
Book Value (₹): 90.83
Dividend per Share (₹): 0.75
Cash EPS (₹): 10.87
Operating Margin %: 6.45%
Net Margin %: -0.52%
ROE %: -2.60%
ROCE %: 6.24%
: -1.07%
Debtor Days: 3
Inventory Days: 35
Payable Days: 56
: -18
Debt to Equity (x): 0.76x
Interest Coverage (x): 1.00x
: 0.53x
Revenue Growth %: 8.74%
Operating Profit Growth %: -4.08%
Net Profit Growth %: -187.14%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 1.32
Book Value (₹): 108.32
Dividend per Share (₹): 0.75
Cash EPS (₹): 13.34
Operating Margin %: 5.21%
Net Margin %: 0.24%
ROE %: 1.36%
ROCE %: 7.73%
: 0.65%
Debtor Days: 3
Inventory Days: 26
Payable Days: 68
: -39
Debt to Equity (x): 0.09x
Interest Coverage (x): 1.46x
: 0.70x
Revenue Growth %: -1.55%
Operating Profit Growth %: 2.64%
Net Profit Growth %: 158.20%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 8.95
Book Value (₹): 111.07
Dividend per Share (₹): 0.75
Cash EPS (₹): 23.08
Operating Margin %: 5.81%
Net Margin %: 1.55%
ROE %: 8.16%
ROCE %: 15.58%
: 3.76%
Debtor Days: 3
Inventory Days: 50
Payable Days: 157
: -104
Debt to Equity (x): 0.04x
Interest Coverage (x): 4.37x
: 0.92x
Revenue Growth %: -3.07%
Operating Profit Growth %: 16.20%
Net Profit Growth %: 578.66%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): -16.02
Book Value (₹): 15.44
Dividend per Share (₹): 0.00
Cash EPS (₹): 32.19
Operating Margin %: 12.99%
Net Margin %: -3.02%
ROE %: -25.32%
ROCE %: 23.12%
: -4.51%
Debtor Days: 3
Inventory Days: 89
Payable Days: 255
: -163
Debt to Equity (x): 0.91x
Interest Coverage (x): 0.68x
: 0.88x
Revenue Growth %: -2.88%
Operating Profit Growth %: 105.46%
Net Profit Growth %: -278.97%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): -25.16
Book Value (₹): 16.50
Dividend per Share (₹): 0.00
Cash EPS (₹): 10.01
Operating Margin %: 11.71%
Net Margin %: -11.38%
ROE %: -173.96%
ROCE %: -41.83%
: -7.89%
Debtor Days: 5
Inventory Days: 156
Payable Days: 452
: -290
Debt to Equity (x): 0.83x
Interest Coverage (x): -0.54x
: 0.82x
Revenue Growth %: -48.98%
Operating Profit Growth %: -53.33%
Net Profit Growth %: -95.27%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): -7.91
Book Value (₹): 8.78
Dividend per Share (₹): 0.00
Cash EPS (₹): 24.22
Operating Margin %: 16.42%
Net Margin %: -3.17%
ROE %: -62.65%
ROCE %: 26.18%
: -2.63%
Debtor Days: 5
Inventory Days: 124
Payable Days: 313
: -185
Debt to Equity (x): 2.02x
Interest Coverage (x): 0.37x
: 0.78x
Revenue Growth %: 44.56%
Operating Profit Growth %: 58.39%
Net Profit Growth %: 68.51%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 10.87
Book Value (₹): 19.96
Dividend per Share (₹): 0.00
Cash EPS (₹): 45.67
Operating Margin %: 17.73%
Net Margin %: 2.72%
ROE %: 75.70%
ROCE %: 125.70%
: 3.11%
Debtor Days: 3
Inventory Days: 104
Payable Days: 256
: -150
Debt to Equity (x): 0.48x
Interest Coverage (x): 1.70x
: 0.80x
Revenue Growth %: 60.33%
Operating Profit Growth %: 73.51%
Net Profit Growth %: 237.57%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 6.72
Book Value (₹): 28.42
Dividend per Share (₹): 0.00
Cash EPS (₹): 46.38
Operating Margin %: 15.25%
Net Margin %: 1.54%
ROE %: 27.80%
ROCE %: 88.90%
: 1.61%
Debtor Days: 4
Inventory Days: 118
Payable Days: 276
: -154
Debt to Equity (x): 0.40x
Interest Coverage (x): 1.41x
: 0.80x
Revenue Growth %: 5.37%
Operating Profit Growth %: 1.67%
Net Profit Growth %: -38.05%
: -38.22%
P/E (x): 111.91x
P/B (x): 26.45x
Dividend Yield %: 0.00%
: 10.58x

Mar 2025

EPS (₹): 0.61
Book Value (₹): 29.61
Dividend per Share (₹): 0.00
Cash EPS (₹): 45.28
Operating Margin %: 14.55%
Net Margin %: 0.14%
ROE %: 2.11%
ROCE %: 53.97%
: 0.13%
Debtor Days: 4
Inventory Days: 130
Payable Days: 292
: -158
Debt to Equity (x): 0.80x
Interest Coverage (x): 1.01x
: 0.84x
Revenue Growth %: 5.28%
Operating Profit Growth %: -2.06%
Net Profit Growth %: -90.88%
: -90.89%
P/E (x): 894.43x
P/B (x): 18.50x
Dividend Yield %: 0.00%
: 8.10x

Mar 2026

EPS (₹): -4.20
Book Value (₹): 26.04
Dividend per Share (₹): 0.00
Cash EPS (₹): 44.32
Operating Margin %: 14.14%
Net Margin %: -0.88%
ROE %: -15.09%
ROCE %: 45.61%
: -0.81%
Debtor Days: 3
Inventory Days: 133
Payable Days: 295
: -159
Debt to Equity (x): 0.54x
Interest Coverage (x): 0.78x
: 0.81x
Revenue Growth %: 6.13%
Operating Profit Growth %: 2.39%
Net Profit Growth %: -786.05%
: -785.68%
P/E (x): 0.00x
P/B (x): 11.12x
Dividend Yield %: 0.00%
: 4.20x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.58	65.57	65.55	65.52	65.52	65.53	65.70	66.06	66.06
	7.43	7.08	3.32	3.13	3.09	2.94	2.79	2.06	1.92
	22.21	22.67	25.32	25.51	25.48	25.58	25.44	25.45	25.70
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	4.78	4.68	5.81	5.83	5.91	5.96	6.07	6.44	6.33

Jun 2024

: 65.58
: 7.43
: 22.21
Government: 0.00
Public: 4.78

Sep 2024

: 65.57
: 7.08
: 22.67
Government: 0.00
Public: 4.68

Dec 2024

: 65.55
: 3.32
: 25.32
Government: 0.00
Public: 5.81

Mar 2025

: 65.52
: 3.13
: 25.51
Government: 0.00
Public: 5.83

Jun 2025

: 65.52
: 3.09
: 25.48
Government: 0.00
Public: 5.91

Sep 2025

: 65.53
: 2.94
: 25.58
Government: 0.00
Public: 5.96

Dec 2025

: 65.70
: 2.79
: 25.44
Government: 0.00
Public: 6.07

Mar 2026

: 66.06
: 2.06
: 25.45
Government: 0.00
Public: 6.44

Jun 2026

: 66.06
: 1.92
: 25.70
Government: 0.00
Public: 6.33

Documents

Announcements

General Updates
2026-07-31 - Shoppers Stop Limited has informed the Exchange about General Updates
Analysts/Institutional Investor Meet/Con. Call Updates
2026-07-30 - Shoppers Stop Limited has informed the Exchange about Schedule of meet

Annual Reports

Credit Ratings

Credit Rating
2026-06-05 - Shoppers Stop Limited has informed the Exchange about Credit Rating

Concalls

Jul 2026
Transcript PPTREC
May 2026
TranscriptPPTREC
Jan 2026
TranscriptPPTREC