Spencer's Retail Ltd. (SPENCERS) AI Stock Analysis

• Market Cap: ₹2.70B
• Dividend Yield: N/A
• Average Volume (3M): 7.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.79
• Revenue Growth: -21.05%
• EPS Growth: 8.16%
• Country: IN
• Employees: 3,312
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Department Stores
• EPS (TTM): -6.47
• Shares Outstanding: 90,132,010
• 10 Day Avg. Volume: 4,598
• 30 Day Avg. Volume: 7,140
• PEG Ratio: 0.32
• Price to Book (P/B): -0.90
• Price to Sales (P/S): 0.30
• P/FCF Ratio: 38.54
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -10.61
• Revenue Forecast (FY): ₹26.73B

• Rating: 41 Neutral
• Price Target: ₹23.50 ▼(-43.26% Downside)
• Action: Upgraded Date: 01/29/26
• Date: Action: Upgraded 01/29/26

The score is weighed down primarily by weak financial performance (losses, declining revenue, and negative equity indicating elevated balance-sheet risk), reinforced by bearish technical signals (price below major moving averages and negative MACD). Valuation is hard to support with a negative P/E and no dividend yield data provided.

Positive Factors

Diversified grocery retail model

Spencer’s core model sells a broad assortment of grocery and everyday essentials across multiple categories and store formats. This category diversification supports recurring customer demand and reduces revenue volatility, providing a durable revenue base if store execution and merchandising remain stable.

Negative Factors

Declining revenue trend

A ~16.6% revenue decline signals weakening top-line scale and customer traction. Sustained revenue contraction impairs buying power, increases per-unit fixed costs, and lengthens the timeframe to recover profitability; reversing this trend is critical for a durable recovery.

Spencer's Retail Ltd. Business Overview & Revenue Model

Company Description

Spencer's Retail Limited, together with its subsidiaries, engages in developing, conducting, investing, and promoting organized retail business in India. It operates departmental and neighborhood stores under various formats, as well as hypermarke...

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Spencer's Retail Limited, together with its subsidiaries, engages in developing, conducting, investing, and promoting organized retail business in India. It operates departmental and neighborhood stores under various formats, as well as hypermarke...

How the Company Makes Money

Spencer's Retail Ltd. generates revenue mainly by selling merchandise to end customers through its Spencer’s branded retail outlets (e.g., supermarkets/hypermarkets) and associated retail channels. Its primary revenue stream is retail sales across...

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Spencer's Retail Ltd. generates revenue mainly by selling merchandise to end customers through its Spencer’s branded retail outlets (e.g., supermarkets/hypermarkets) and associated retail channels. Its primary revenue stream is retail sales across...

Spencer's Retail Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	18.63B	19.95B	23.45B	24.53B	23.00B	24.28B
Gross Profit	2.52B	3.90B	4.27B	4.50B	3.62B	3.98B
EBITDA	355.15M	602.61M	139.56M	361.55M	1.01B	532.63M
Net Income	-2.65B	-2.46B	-2.66B	-2.10B	-1.21B	-1.64B
Balance Sheet
Total Assets	0.00	13.10B	16.96B	16.29B	15.65B	15.59B
Cash, Cash Equivalents and Short-Term Investments	257.81M	284.58M	314.58M	333.78M	388.58M	577.48M
Total Debt	0.00	15.71B	16.22B	13.41B	10.69B	9.44B
Total Liabilities	6.62B	19.71B	21.12B	17.80B	15.03B	13.73B
Stockholders Equity	-6.62B	-6.62B	-4.16B	-1.50B	618.57M	1.86B
Cash Flow
Free Cash Flow	0.00	154.16M	-5.48M	5.96M	298.31M	-252.67M
Operating Cash Flow	0.00	374.14M	350.83M	267.40M	546.02M	-24.28M
Investing Cash Flow	0.00	-202.40M	112.55M	-256.10M	-401.61M	-182.92M
Financing Cash Flow	0.00	-269.41M	-280.47M	-48.14M	-544.96M	-33.43M

Spencer's Retail Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 41.42
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPENCERS, the sentiment is Neutral. The current price of 41.42 is above the 20-day moving average (MA) of 29.62, above the 50-day MA of 32.87, and below the 200-day MA of 47.99, indicating a neutral trend. The MACD of -1.68 indicates Negative momentum. The RSI at 48.23 is Neutral, neither overbought nor oversold. The STOCH value of 50.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SPENCERS.

Spencer's Retail Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CANTABIL	70 Outperform	₹20.00B	13.08	―	0.39%	19.90%	27.94%
VMART	66 Neutral	₹43.43B	16.14	―	―	16.45%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SHOPERSTOP	59 Neutral	₹32.53B	65.70	―	―	8.80%	9.81%
ABFRL	48 Neutral	₹70.13B	-15.34	―	―	-32.83%	31.19%
SPENCERS	41 Neutral	₹2.70B	-1.59	―	―	-21.05%	8.16%

Spencer's Retail Ltd. Corporate Events