SPENCERSConsumer Discretionary

Spencer's Retail Limited

Diversified Retail · ISIN INE020801028 · BSE 542337 · NSE EQ · FV ₹5
Last price
₹28
-0.14%today
What this company does

Spencer's Retail Limited operates in Diversified Retail, part of the Consumer Discretionary sector. It booked ₹469 cr of revenue in its latest quarter (Q1 FY27) and kept -12.9% of sales as profit. It is the 7th largest of 9 Diversified Retail companies we track, by market value.

In the report:
28out of 100
Equitytale Health Score
Fragile

Healthier than 28% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 301–421 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)
30

At close. Not part of the score.

Profitability & returns6

How much profit it earns on the money it employs

Balance sheet10

How much it owes, and whether earnings cover the interest

Cash quality60

Whether reported profit actually arrives as cash

Growth & consistency10

Whether sales and profit have grown, and how steadily

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: valuation. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 13% vs last year
Promoters hold 59%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -12.9% net margin
! Operating cash flow is negative

What if I invest in SPENCERS?

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 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — 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 We do not publish price targets or predict returns.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
₹28 -0.14%
latest close · 2026-09-17
1-year return
-72.3%
52-wk low ₹2752-wk high ₹144
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.
EV / EBITDA38.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on capital-30.6%Loss
WeakFairStrong
Net margin-12.9%Loss
ThinDecentStrong
EBITDA margin2.0%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover-0.3×Risky
RiskyOkayStrong ▸5×
Current ratio0.26Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹254 cr
Book value
₹-101
EPS
₹-6.71
latest quarter
Net debt
₹1,189 cr
owes more than its cash
Enterprise value
₹1,443 cr
EBITDA
₹38 cr
annualised
EBIT
₹-56 cr
annualised
Operating margin
-3.0%
Return on assets
-17.3%
Earnings yield
P/S
0.14
Sales / share
₹208.3
Tax rate
Face value
₹5
Shares
9.0 cr
Working capital
₹-896 cr
Current assets
₹316 cr
Current liabilities
₹1,212 cr
Delivery %
75.3%
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
The company's latest annual profit was negative, so we won't call it cheap off older profits.

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₹469 cr
Other Income₹2 cr
Total Income₹471 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹370 cr
Inventory Change (±)₹7 cr
Employee Benefit Expense₹31 cr
Finance Costs₹46 cr
Depreciation & Amortisation₹23 cr
Other Expenses₹54 cr
Total Expenses₹532 cr
Profit before Tax₹-60 cr
Tax Expense₹-4.5 L
Net Profit₹-60 cr
Net margin on total income-12.8%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹377 cr70.8%
Employee benefit expense₹31 cr5.8%
Finance costs₹46 cr8.7%
Depreciation & amortisation₹23 cr4.4%
Other expenses₹54 cr10.2%
Total income ₹471 cr

The company made a net loss of ₹60 cr this quarter — income covered only 89 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue503 cr436 cr469 cr
Total income504 cr445 cr471 cr
Expenses563 cr511 cr532 cr
Profit before tax-58 cr-66 cr-60 cr
Tax-5.8 L-5.8 L-4.5 L
Net profit (owners' share)-58 cr-66 cr-60 cr
Net margin (owners' share, on revenue)-11.6%-15.0%-12.9%
EPS (₹)-6.47-7.28-6.71
YoY (latest quarter): total income +10.3% · net profit
Balance sheet & cash flow · as of Mar 2026
Total assets
₹1,396 cr
Shareholder equity
₹-913 cr
parent shareholders
Total debt
₹1,235 cr
Cash
₹46 cr
Cash flow · H1 FY26
Operating
₹-77 cr
Investing
₹-7 cr
Financing
₹81 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 Limited₹413₹4,551 cr
Patel Retail Limited₹203₹677 cr17.8
Spencer's Retail Limitedthis company₹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
ActionDetailEx-date
Rights issue15:228 Jul 2020
Who owns it · 2026-06-30
No pledge
Promoter
58.8%
FII / Foreign
6.5%
DII / Domestic
2.0%
Retail / others
32.5%
Smart-money activity
Insider trades
SoldSaregama India Limited · Promoter Group10.51 L · ₹7.6 cr25 Sep 23
SoldKolkata Metro Networks Limited · Key Managerial Personnel1.94 L · ₹1.5 cr2 Mar 22
BoughtSaregama India Limited · Promoter Group1.94 L · ₹1.5 cr2 Mar 22
Bulk / block deals
BoughtPARTH INFIN BROKERS PVT LTD · NSE5.90 L @ ₹112.3127 Aug 24
SoldPARTH INFIN BROKERS PVT LTD · NSE5.90 L @ ₹112.3627 Aug 24
SoldGRAVITON RESEARCH CAPITAL LLP · NSE6.54 L @ ₹110.427 Aug 24
Stake changes
BoughtCastor Investments Limited · promoter→ 2.65% · 3.30 L31 Aug 21
BoughtIntegrated Coal Mining Ltd · promoter→ 2.73% · 18.11 L25 Aug 21
BoughtCastor Investments Ltd · promoter→ 2.29% · 8.60 L25 Aug 21
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 · 11 Sep 2026
See the official result
1
Adoption of Financial Statements (Standalone & Consolidated) of the Company and Reports of Board of Directors and Auditors for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
26.59 L votes for, 6,680 against · 0% of mutual funds and other big investors said no
2
Re-appointment of Mr. Anuj Singh (DIN - 09547776) as a Director of the Company, who retires by rotation.
Backed by 100% of shareholders other than promotersneeded 50%
26.58 L votes for, 7,005 against · 0% of mutual funds and other big investors said no
3
Increase in Borrowing Limits of the Company upto an additional amount of Rs. 350 Crores under Section 180(1)(c) of the Companies Act, 2013.
Backed by 100% of shareholders other than promotersneeded 75%
26.58 L votes for, 6,957 against · 0% of mutual funds and other big investors said no
4
Creation of Charge / Security on the Movable and Immovable Properties of the Company upto an additional amount of Rs. 450 Crores under Section 180(1)(a) of the Companies Act, 2013.
Backed by 100% of shareholders other than promotersneeded 75%
26.58 L votes for, 6,957 against · 0% 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 — 14 named members
owning 58.8% between them · as of 2026-06-30
Rainbow Investments Limited43.94%
Stel Holdings Limited4.88%
Integrated Coal Mining Limited2.73%
Castor Investments Limited2.65%
Quest Capital Markets Limited1.93%
Pcbl Chemical Limited1.27%
Digidrive Distributors Limited1.17%
Sanjiv Goenka0.10%

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.