Spencer's Retail Ltd. (IN:SPENCERS)
:SPENCERS
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Spencer's Retail Ltd.
(SPENCERS)
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Rating:41Neutral
Price Target:
₹23.50
▼(-43.26% Downside)
Action:Upgraded
Date: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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
Spencer's Retail Ltd. (SPENCERS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.28B
Dividend YieldN/A
Average Volume (3M)7.14K
Price to Earnings (P/E)―
Beta (1Y)1.91
Revenue Growth-16.64%
EPS Growth2.51%
CountryIN
Employees3,312
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)-29.35
Shares Outstanding90,132,010
10 Day Avg. Volume4,598
30 Day Avg. Volume7,140
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)-0.90
Price to Sales (P/S)0.30
P/FCF Ratio38.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-10.61
Revenue Forecast (FY)₹26.73B
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...
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...
Spencer's Retail Ltd. Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
30
Negative
Cash Flow
50
Neutral
| 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
Positive
41.42
Price Trends
32.90
Positive
34.97
Positive
43.77
Negative
Market Momentum
0.95
Positive
53.11
Neutral
22.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPENCERS, the sentiment is Positive. The current price of 41.42 is above the 20-day moving average (MA) of 36.06, above the 50-day MA of 32.90, and below the 200-day MA of 43.77, indicating a neutral trend. The MACD of 0.95 indicates Positive momentum. The RSI at 53.11 is Neutral, neither overbought nor oversold. The STOCH value of 22.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SPENCERS.
Spencer's Retail Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹50.34B | 0.40 | ― | ― | 16.46% | 2726.00% | |
65 Neutral | ₹18.41B | 13.08 | ― | 0.39% | 18.23% | 27.96% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | ₹36.84B | -88.11 | ― | ― | 8.98% | -431.59% | |
53 Neutral | ₹44.34B | 103.54 | ― | ― | 11.52% | 20.75% | |
48 Neutral | ₹76.11B | -15.34 | ― | ― | -46.52% | 15.08% | |
41 Neutral | ₹3.28B | -1.59 | ― | ― | -16.64% | 2.51% |
* Consumer Cyclical Sector Average
IN:SPENCERS
Spencer's Retail Ltd.
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Spencer's Retail Ltd. Corporate Events
Spencer’s Retail Publishes Postal Ballot E-Voting Results for Special Resolution
Mar 14, 2026
Spencer’s Retail Limited has disclosed the results of a special resolution conducted via postal ballot through remote e-voting, in compliance with Regulation 44 of SEBI’s Listing Obligations and Disclosure Requirements. The company has...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.