SHOPERSTOPConsumer Discretionary

Shoppers Stop Limited

Diversified Retail · ISIN INE498B01024 · BSE 532638 · NSE EQ · FV ₹5
Last price
₹358
+1.14%today
What this company does

Shoppers Stop Limited operates in Diversified Retail, part of the Consumer Discretionary sector. It booked ₹1,366 cr of revenue in its latest quarter (Q2 FY27) and kept 0.2% of sales as profit. It is the 5th largest of 9 Diversified Retail companies we track, by market value.

In the report:
44out of 100
Equitytale Health Score
Strained

Healthier than 44% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 69–428 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
42

At close. Not part of the score.

Profitability & returns41

How much profit it earns on the money it employs

Balance sheet16

How much it owes, and whether earnings cover the interest

Cash quality99

Whether reported profit actually arrives as cash · highest in its sector on what we could measure

Growth & consistency53

Whether sales and profit have grown, and how steadily

Valuation1

What today's price implies, against our models or its peers · lowest in its sector on what we could measure

Governance & risk81

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 9% vs last year
✓ Promoters hold 66%
✓ Turns profit into real cash
Watch-outs
! Thin 0.2% net margin
! 9.7% of promoter stake pledged
! Low 4.6% return on equity
! Carries high debt (D/E 1.0)

What if I invest in SHOPERSTOP?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹358▲ +1.14%
latest close · 2026-11-04
1-year return
+31.8%
52-wk low ₹26852-wk high ₹598
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio319.9High
LowAverageHigh
P/B ratio13.99High
Below bookModerateHigh
EV / EBITDA4.8Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity4.6%Weak
WeakFairStrong ▸15%
Return on capital10.1%Fair
WeakFairStrong
Net margin0.2%Thin
ThinDecentStrong
EBITDA margin16.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.03High
LowModerateHigh ▸1
Interest cover1.1×Risky
RiskyOkayStrong ▸5×
Current ratio0.83Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹3,948 cr
Book value
₹26
EPS
₹0.28
latest quarter
Net debt
₹281 cr
owes more than its cash
Enterprise value
₹4,230 cr
EBITDA
₹877 cr
annualised
EBIT
₹315 cr
annualised
Operating margin
5.8%
Return on assets
0.2%
Earnings yield
0.31%
P/S
0.72
Sales / share
₹495.9
Tax rate
24.7%
Face value
₹5
Shares
11.0 cr
Working capital
₹-586 cr
Current assets
₹2,853 cr
Current liabilities
₹3,439 cr
Delivery %
28.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹862–₹862, midpoint ₹862

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹1,366 cr
Other Income₹23 cr
Total Income₹1,389 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹1,027 cr
Inventory Change (±)₹-194 cr
Employee Benefit Expense₹118 cr
Finance Costs₹75 cr
Depreciation & Amortisation₹140 cr
Other Expenses₹219 cr
Total Expenses₹1,385 cr
Profit before Tax₹4 cr
Tax Expense₹1 cr
Net Profit₹3 cr
Net margin on total income0.2%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹833 cr60.0%
Employee benefit expense₹118 cr8.5%
Finance costs₹75 cr5.4%
Depreciation & amortisation₹140 cr10.1%
Other expenses₹219 cr15.7%
Tax expense₹1 cr0.1%
Profit for the period₹3 cr0.2%
Total income ₹1,389 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,210 cr1,291 cr1,366 cr
Total income1,218 cr1,297 cr1,389 cr
Expenses1,242 cr1,316 cr1,385 cr
Profit before tax-25 cr-19 cr4 cr
Tax-9 cr-5 cr1 cr
Net profit (owners' share)-16 cr-14 cr3 cr
Net margin (owners' share, on revenue)-1.4%-1.1%0.2%
EPS (₹)-1.49-1.290.28
YoY (latest quarter): total income +9.7% · net profit —
Balance sheet & cash flow · as of Sep 2026
High debt
Total assets
₹6,552 cr
Shareholder equity
₹282 cr
parent shareholders
Total debt
₹290 cr
Cash
₹9 cr
Cash flow · H1 FY27
Operating
₹327 cr
Investing
₹-77 cr
Financing
₹-206 cr
Peer comparison
Diversified Retail · by market value
CompanyPriceMarket capP/E
Avenue Supermarts Limited₹3,359₹2.19 L cr73.7
Vishal Mega Mart Limited₹91₹42,491 cr66.7
Electronics Mart India Limited₹154₹5,916 cr12.2
V-Mart Retail Limited₹718₹5,711 cr—
Shoppers Stop Limitedthis company₹354₹3,904 cr316.3
Patel Retail Limited₹244₹814 cr21.4
Spencer's Retail Limited₹20₹184 cr—
Future Enterprises Limited₹2₹98 cr—
JHS Svendgaard Retail Ventures Limited₹27₹22 cr29.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
—
trailing 12 months
Dividend / share (TTM)
—
Last dividend
₹0.75
ex 22 Jul 2019
ActionDetailEx-date
Dividend₹0.75 / share22 Jul 2019
Dividend₹0.75 / share19 Jul 2018
Dividend₹0.75 / share20 Jul 2017
Dividend₹0.75 / share17 Mar 2016
Dividend₹0.75 / share22 Jul 2015
Dividend₹0.75 / share22 Jul 2014
Who owns it · 2026-09-30
⚑ 9.7% pledged
Promoter
66.0%
FII / Foreign
1.9%
DII / Domestic
25.8%
Retail / others
6.3%
Promoter stake up 0.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtCapstan Trading LLP · Promoter Group25,871 · ₹1.1 cr24 Dec 25
BoughtRaghukool Estate Development LLP · Promoter Group14,414 · ₹61.4 L23 Dec 25
BoughtCapstan Trading LLP · Promoter Group17,689 · ₹74.8 L23 Dec 25
Bulk / block deals
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE6.02 L @ ₹408.8415 Oct 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE6.02 L @ ₹409.0415 Oct 26
BoughtMICROCURVES TRADING PRIVATE LIMITED · NSE7.76 L @ ₹410.6615 Oct 26
Stake changes
BoughtHDFC Mutual Fund→ 9.49% · 22.33 L27 Jul 26
BoughtHDFC Mutual Fund→ 7.47% · 24.24 L22 Apr 25
BoughtAnbee Constructions LLP · promoter→ 12.13% · 2,02530 May 24
Promoter pledges
ReleasedIDBI Trusteeship Services Limited, Security Trustee for HDFC Bank Limited18.48 L · 1.68% held25 Aug 25
ReleasedIDBI Trusteeship Services ltd, Security Trustee for HDFC Bank ltd33.82 L · 3.07% held25 Aug 25
ReleasedIDBI Trusteeship Services Ltd, Security Trustee for HDFC Bank Ltd18.48 L · 1.68% held25 Aug 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 17 Jul 2025
See the official result
1
To receive, consider and adopt:a) the audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon; and b) the audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 and the report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
2.63 cr votes for, 13 against · 0% of mutual funds and other big investors said no
2
To note that Mr. B. S. Nagesh (DIN:00027595), Non-Executive and Non-Independent Director, who is due to retire by rotation at this Annual General Meeting, has expressed his desire not to be re-appointed.
Backed by 100% of shareholders other than promotersneeded 50%
2.57 cr votes for, 13 against · 0% of mutual funds and other big investors said no
3
To appoint Parikh & Associates, Practicing Company Secretaries as the Secretarial Auditors for a term of 5 (five) consecutive years and fix their remuneration.
Backed by 100% of shareholders other than promotersneeded 50%
2.62 cr votes for, 1.23 L against · 0% of mutual funds and other big investors said no
4
Approval of Related Party Transaction with M/s. Invik Consulting.
Backed by 82% of shareholders other than promotersneeded 50%
2.16 cr votes for, 46.81 L against · 18% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 115 named members
owning 62.1% between them · as of 2026-09-30
ANBEE CONSTRUCTIONS LLP12.12%
CAPE TRADING LLP12.12%
CAPSTAN TRADING LLP8.29%
CASA MARIA PROPERTIES LLP8.29%
PALM SHELTER ESTATE DEVELOPMENT LLP8.27%
RAGHUKOOL ESTATE DEVELOPEMENT LLP8.27%
NEEL CHANDRU RAHEJA2.37%
RAVI CHANDRU RAHEJA1.24%
Business done with them
FY2026 · 11 of the group
The company paid ₹31 cr to companies in the promoter group last year — about 0.6% of its ₹5,043 cr revenue and received ₹2 cr back from them.
INORBIT MALLS (INDIA) PRIVATE LIMITED
Other payments to them · As per below
₹16 cr
company paid
INORBIT MALLS (INDIA) PRIVATE LIMITED
Leases As Lessee · As per below
₹16 cr
company received
IVORY PROPERTIES AND HOTELS PRIVATE LIMITED
Leases As Lessee · As per below
₹13 cr
company received
TRION PROPERTIES PRIVATE LIMITED
Other payments to them · As per below
₹5 cr
company paid
INORBIT MALLS (INDIA) PRIVATE LIMITED
Settlement Of Liabilities By Entity On Behalf Of Related Party · As per below
₹5 cr
company paid
TRION PROPERTIES PRIVATE LIMITED
Leases As Lessee · As per below
₹4 cr
company received
TRION PROPERTIES PRIVATE LIMITED
Settlement Of Liabilities By Entity On Behalf Of Related Party · As per below
₹2 cr
company paid
INORBIT MALLS (INDIA) PRIVATE LIMITED
Contribution made to them · As per below
₹1 cr
company paid
INORBIT MALLS (INDIA) PRIVATE LIMITED
Settlement Of Liabilities On Behalf Of Entity By Related Party · As per below
₹93 L
company received
TRION PROPERTIES PRIVATE LIMITED
Contribution made to them · As per below
₹85 L
company paid
IVORY PROPERTIES AND HOTELS PRIVATE LIMITED
Other payments to them · As per below
₹35 L
company paid
INORBIT MALLS (INDIA) PRIVATE LIMITED
Contribution received from them · As per below
₹20 L
company received
K RAHEJA CORP REAL ESTATE PRIVATE LIMITED
Sold goods to them · As per below
₹17 L
company received
K RAHEJA CORP PRIVATE LIMITED
Sold goods to them · As per below
₹9 L
company received
MAHANANDA SPA AND RESORTS PRIVATE LIMITED
Other payments to them · As per below
₹6 L
company paid
K. RAHEJA CORPORATE SERVICES PRIVATE LIMITED
Sold goods to them · As per below
₹6 L
company received
CHALET HOTELS LIMITED
Other payments to them · As per below
₹6 L
company paid
TRION PROPERTIES PRIVATE LIMITED
Sold goods to them · As per below
₹5 L
company received
INORBIT MALLS (INDIA) PRIVATE LIMITED
Sold goods to them · As per below
₹5 L
company received
GENEXT HARDWARE & PARKS PRIVATE LIMITED
Sold goods to them · As per below
₹5 L
company received
JUHU BEACH RESORTS LIMITED
Settlement Of Liabilities By Entity On Behalf Of Related Party · As per below
₹3 L
company paid
K RAHEJA CORP INVESTMENT MANAGERS PRIVATE LIMITED
Sold goods to them · As per below
₹1 L
company received

The company also transacted with 24 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.