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Swing Capital

Spencers Retail Ltd

NSE: SPENCERS BSE: 542337Retail

Incorporated in 2017, Spencer’s Retail Ltd develops, conducts, and promotes organized retail. It operates departmental and neighborhood stores under various formats across the country[1]

₹34.1
52W: ₹24.3 — ₹70.2
PE 0 · Book ₹39.7 · -14% vs book
Market Cap₹307 Cr
Stock P/E—Price to Earnings
ROCE6.75%Return on Capital
ROE0%Return on Equity
Div. Yield0%Face Value ₹5

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of -6.45% over past five years.
  • −Earnings include an other income of Rs.20.7 Cr.

Shareholding Pattern

Promoters58.81%
FIIs6.55%
DIIs1.99%
Public32.48%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters58.81%58.81%58.81%58.81%58.81%58.81%58.81%58.81%
FIIs8.32%8.31%▼0.08.54%▲0.28.74%▲0.27.56%▼1.27.36%▼0.26.5%▼0.96.55%▲0.0
DIIs1.99%1.99%1.99%1.99%1.99%1.99%1.99%1.99%
Public30.72%30.73%▲0.030.48%▼0.330.29%▼0.231.47%▲1.231.67%▲0.232.54%▲0.932.48%▼0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales499570477476443431351346376421
Expenses507564488471485416350340367406
Operating Profit-86-114-4215171015
OPM %-2%1%-2%1%-9%3%0%2%3%4%
Net Profit-57-41-63-48-69-29-38-31-34-33
EPS ₹-6.28-4.55-6.94-5.34-7.69-3.23-4.24-3.46-3.74-3.69

AI Insights

Revenue Trend

TTM revenue at ₹1,494Cr, down 12.2% YoY. OPM at 2%.

Debt Position

Borrowings at ₹1,369Cr. Debt-to-equity ratio: N/Ax. High leverage — monitor closely.

Institutional Flow

DIIs: 1.99% (-0.38pp change). FIIs: 6.55% (-1.90pp change). Promoters hold 58.81%.

Margin & Efficiency

ROCE declining from 0% (Mar 2018) to -7% (Mar 2025). Working capital days: -133.

Recent Announcements