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

• Market Cap: ₹4.52B
• Dividend Yield: N/A
• Average Volume (3M): 7.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.23
• Revenue Growth: -21.05%
• EPS Growth: 8.16%
• Country: IN
• Employees: 3,312
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Department Stores
• EPS (TTM): -7.08
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: ₹42.00 ▼(-8.89% Downside)

Spencer's Retail Ltd. faces significant financial challenges, with declining revenues, high leverage, and negative earnings. Technical indicators suggest a bearish trend, and the valuation metrics highlight financial instability. These factors contribute to a low overall stock score.

Positive Factors

Private Label Products

Private label products can enhance profitability through higher margins, providing a competitive edge and supporting long-term financial health.

Strategic Partnerships

These partnerships can drive customer loyalty and increase sales, strengthening Spencer's market position and revenue potential over time.

Operating Cash Flow Improvement

Improved cash flow management indicates better operational efficiency, enhancing the company's ability to invest in growth and manage debt.

Negative Factors

Declining Revenue

Persistent revenue decline suggests challenges in maintaining market share and competitiveness, impacting long-term growth prospects.

High Leverage

High leverage increases financial risk, limiting flexibility and potentially leading to difficulties in meeting financial obligations.

Consistent Losses

Ongoing losses reflect operational inefficiencies and profitability challenges, which can undermine long-term sustainability and investor confidence.

Spencer's Retail Ltd. Business Overview & Revenue Model

Company Description

Spencer's Retail Ltd. (SPENCERS) is a prominent retail company in India, specializing in a wide range of products across various sectors, including grocery, apparel, electronics, and home goods. The company operates a chain of hypermarkets and specialty stores, catering to diverse consumer needs with an emphasis on quality and customer service. Spencer's is known for its innovative retail solutions and commitment to enhancing the shopping experience through a mix of physical stores and digital platforms.

How the Company Makes Money

Spencer's Retail Ltd. generates revenue primarily through the sale of consumer goods in its stores. Key revenue streams include sales from grocery items, apparel, electronics, and home essentials. The company benefits from its extensive supply chain and partnerships with various brands, allowing it to offer a wide range of products at competitive prices. Additionally, Spencer's engages in promotional activities and loyalty programs to drive customer retention and increase sales volume. E-commerce initiatives also contribute to revenue, as the company continues to expand its online presence to cater to the growing demand for digital shopping experiences.

Spencer's Retail Ltd. Financial Statement Overview

Summary

Spencer's Retail Ltd. is experiencing significant financial distress, with declining revenues, consistent losses, and high leverage. While there are slight improvements in operating cash flow, the overall financial health is concerning, with potential risks associated with high debt and negative equity.

Income Statement

Spencer's Retail Ltd. has faced declining revenue over the years, with a negative net profit margin indicating consistent losses. Although the gross profit margin remains positive, the EBIT and EBITDA margins are negative, reflecting operational challenges and profitability concerns.

Balance Sheet

The company has a negative stockholders' equity, indicating financial distress and high leverage. The debt-to-equity ratio is concerning due to negative equity, and the company’s assets are mostly funded by liabilities, posing significant financial risk.

Cash Flow

Operating cash flow has improved but remains relatively low compared to net income, indicating challenges in generating cash. The free cash flow has shown some improvement recently, suggesting a better cash management strategy despite overall financial struggles.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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: Negative
• Last Price: 46.10
• 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 Negative. The current price of 46.1 is below the 20-day moving average (MA) of 46.97, below the 50-day MA of 51.66, and below the 200-day MA of 60.34, indicating a bearish trend. The MACD of -1.69 indicates Negative momentum. The RSI at 39.13 is Neutral, neither overbought nor oversold. The STOCH value of 57.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	₹20.64B	26.42	―	0.40%	19.90%	27.94%
VMART	64 Neutral	₹65.97B	98.07	―	―	16.45%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SHOPERSTOP	58 Neutral	₹53.38B	290.09	―	―	8.80%	9.81%
ABFRL	48 Neutral	₹93.63B	―	―	―	-32.83%	31.19%
SPENCERS	39 Underperform	₹4.52B	-1.71	―	―	-21.05%	8.16%

Spencer's Retail Ltd. Corporate Events

Spencer’s Retail Releases Q2 FY26 Investor Update

Spencer’s Retail Limited has released its investor update for the quarter ending September 30, 2025, as part of its compliance with SEBI regulations. The update, now available on the company’s website, provides stakeholders with insights into the company’s financial performance and strategic direction for the specified period.

Spencer’s Retail Announces Trading Window Closure Ahead of Financial Results

Spencer’s Retail Limited has announced the closure of its trading window in compliance with SEBI’s Insider Trading Regulations, effective from October 1, 2025, until 48 hours after the release of its unaudited financial results for the second quarter of the fiscal year 2025-26. This move is part of the company’s adherence to regulatory requirements, ensuring that designated persons and their immediate relatives do not engage in trading the company’s securities during this period, which could impact investor confidence and market integrity.