SHOPERSTOPConsumer Discretionary

Shoppers Stop Limited

Diversified Retail · ISIN INE498B01024 · BSE 532638 · NSE EQ · FV ₹5
Last price
₹413
+4.55%today
What this company does

Shoppers Stop Limited operates in Diversified Retail, part of the Consumer Discretionary sector. It booked ₹1,291 cr of revenue in its latest quarter (Q1 FY27) and kept -1.1% of sales as profit. It is the 5th largest of 9 Diversified Retail companies we track, by market value.

In the report:
40out of 100
Equitytale Health Score
Strained

Healthier than 40% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 69–421 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)
61

At close. Not part of the score.

Profitability & returns21

How much profit it earns on the money it employs

Balance sheet17

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 & consistency52

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 & risk80

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

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 11% vs last year
Promoters hold 66%
Watch-outs
! Currently loss-making
! Thin -1.1% net margin
! 9.7% of promoter stake pledged
! Low -19.6% return on equity

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 We do not publish price targets or predict returns.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
₹413 +4.55%
latest close · 2026-09-17
1-year return
+68.2%
52-wk low ₹23752-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/B ratio15.64High
Below bookModerateHigh
EV / EBITDA6.2Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-19.6%Loss
WeakFairStrong ▸15%
Return on capital7.1%Weak
WeakFairStrong
Net margin-1.1%Loss
ThinDecentStrong
EBITDA margin14.9%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.81Moderate
LowModerateHigh ▸1
Interest cover0.7×Risky
RiskyOkayStrong ▸5×
Current ratio0.85Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹4,551 cr
Book value
₹26
EPS
₹-1.29
latest quarter
Net debt
₹223 cr
owes more than its cash
Enterprise value
₹4,774 cr
EBITDA
₹771 cr
annualised
EBIT
₹219 cr
annualised
Operating margin
4.2%
Return on assets
-0.9%
Earnings yield
P/S
0.88
Sales / share
₹469.1
Tax rate
Face value
₹5
Shares
11.0 cr
Working capital
₹-481 cr
Current assets
₹2,711 cr
Current liabilities
₹3,192 cr
Delivery %
40.3%
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 2026-09-17.

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 ₹868₹868, midpoint ₹868

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 · Q1 FY27 (consolidated)
Revenue from Operations₹1,291 cr
Other Income₹5 cr
Total Income₹1,297 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹765 cr
Inventory Change (±)₹18 cr
Employee Benefit Expense₹118 cr
Finance Costs₹74 cr
Depreciation & Amortisation₹138 cr
Other Expenses₹204 cr
Total Expenses₹1,316 cr
Profit before Tax₹-19 cr
Tax Expense₹-5 cr
Net Profit₹-14 cr
Net margin on total income-1.1%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹783 cr59.5%
Employee benefit expense₹118 cr8.9%
Finance costs₹74 cr5.6%
Depreciation & amortisation₹138 cr10.5%
Other expenses₹204 cr15.5%
Total income ₹1,297 cr

The company made a net loss of ₹14 cr this quarter — income covered only 99 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,416 cr1,210 cr1,291 cr
Total income1,440 cr1,218 cr1,297 cr
Expenses1,402 cr1,242 cr1,316 cr
Profit before tax20 cr-25 cr-19 cr
Tax4 cr-9 cr-5 cr
Net profit (owners' share)16 cr-16 cr-14 cr
Net margin (owners' share, on revenue)1.1%-1.4%-1.1%
EPS (₹)1.46-1.49-1.29
YoY (latest quarter): total income +10.7% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹6,291 cr
Shareholder equity
₹291 cr
parent shareholders
Total debt
₹236 cr
Cash
₹13 cr
Cash flow · H1 FY26
Operating
₹368 cr
Investing
₹-77 cr
Financing
₹-252 cr
Peer comparison
Diversified Retail · by market value
CompanyPriceMarket capP/E
Avenue Supermarts Limited₹3,711₹2.42 L cr70.3
Vishal Mega Mart Limited₹101₹47,344 cr46.0
Electronics Mart India Limited₹185₹7,121 cr14.7
V-Mart Retail Limited₹790₹6,285 cr33.3
Shoppers Stop Limitedthis company₹413₹4,551 cr
Patel Retail Limited₹203₹677 cr17.8
Spencer's Retail Limited₹28₹254 cr
Future Enterprises Limited₹2₹97 cr
Future Lifestyle Fashions Limited₹1₹22 cr
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 · 2026-06-30
9.7% pledged
Promoter
66.1%
FII / Foreign
1.9%
DII / Domestic
25.7%
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
short · NSE2811 Jul 25
BoughtTURNAROUND OPPORTUNITIES FUND · NSE2.46 L @ ₹627.618 Dec 24
BoughtTATA MUTUAL FUND · NSE19.12 L @ ₹627.618 Dec 24
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 — 109 named members
owning 62.1% between them · as of 2026-06-30
ANBEE CONSTRUCTIONS LLP12.13%
CAPE TRADING LLP12.13%
CAPSTAN TRADING LLP8.29%
CASA MARIA PROPERTIES LLP8.29%
PALM SHELTER ESTATE DEVELOPMENT LLP8.28%
RAGHUKOOL ESTATE DEVELOPEMENT LLP8.28%
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.