As of 6 Nov 2026, Shoppers Stop is loss-making on a trailing 12-month basis, with a net loss of ₹11 Cr, so it has no P/E ratio. The share price is ₹365.90, 23% below its 52-week high. Sales grew 8.9% a year over 3 years. Debt is 12.25× equity. It is a small-cap company with a market cap of ₹4,033 Cr, ranked 3rd of 7 Department Stores companies by market cap; the shares fell 26% over the past year.
- ₹360.35
- ₹369.75
- ₹350.20
- ₹360.35
- 1.8 L
Health check
- ReturnsIn line
−25.6% over a year, better than 4 of 6 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +8.9% a year over 3 years, but loss-making now.
- ProfitabilityWeak
ROCE 7.6% vs peer median 14.5%.
- Balance sheetStretched
Debt 12.25× equity, interest covered 0.8×, Piotroski 3 of 9.
- Red flags4 to check
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹4,033 Cr
- Small cap
- P/E
- n/a
- Industry 24.5
- Price to book
- 14.40
- Peers 1.20
- Dividend yield
- 0.00%
- ROE
- −4.0%
- Peers 12.1%
- ROCE
- 7.6%
- Peers 14.5%
- Debt to equity
- 12.25
- Debt ₹3,457 Cr
- EPS (TTM)
- −₹1.04
- Face value ₹5
- OPM (TTM)
- 14.9%
- Net margin −0.2%
- Sales growth
- +8.7%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.76
- EV/EBITDA 20.3
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −4.0%.
- Debt is 12.25× equity.
- Interest coverage of only 2.7×.
About Shoppers Stop
Shoppers Stop Limited engages in the retailing of household and consumer products through departmental stores under the Shoppers Stop brand in India. The company offers women's Indian wear for weddings, festivals, and occasions under the Kashish brand; festive and ceremonial ethnic wear for men under the Bandeya brand; Smart casual products under the Fratini brands; family fashion products under the Stop brand; and Western-inspired denim and casual wear…
- Headquarters
- Mumbai
- Employees
- 7,055
- Sector
- Consumer Cyclical
- ISIN
- INE498B01024
- Website
- shoppersstop.com
Price range
- Avg volume (3M)
- 5.6 L
- 1-year return
- minus 25.6%
- From 52-week high
- minus 23.2%
Analyst consensus
Peers · Department Stores
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VMMVishal Mega Mart | 94.00 | plus 0.11% | 44,037 | 49.5 | 5.53 | 14.6% | 12.1% | 14.3% | 19.4% | 37.7% | 0.00% | minus 34.6% |
| VMARTV-Mart Retail | 759.20 | minus 1.37% | 6,042 | 46.3 | 6.34 | 14.5% | 14.1% | 13.7% | 15.5% | – | 0.14% | minus 7.5% |
| SHOPERSTOPShoppers Stop | 365.90 | plus 1.54% | 4,033 | – | 14.40 | 7.6% | −4.0% | 4.1% | 8.9% | – | 0.00% | minus 25.6% |
| PATELRMARTPatel Retail | 251.17 | plus 3.66% | 839 | 19.3 | 2.31 | 15.9% | 15.7% | 6.5% | 0.9% | 33.6% | 0.00% | plus 10.5% |
| SPENCERSSpencer's Retail | 19.15 | minus 0.31% | 173 | – | −0.19 | −50.1% | – | 0.2% | −10.0% | – | 0.00% | minus 61.6% |
| OSIAHYPEROsia Hyper Retail | 2.08 | minus 1.89% | 34 | 1.5 | 0.08 | – | 5.6% | 2.7% | – | – | 0.00% | minus 89.8% |
| FELFuture Enterprises | 0.28 | plus 3.70% | 14 | – | 0.01 | −1492.2% | −238.3% | −98.0% | – | – | 0.00% | minus 35.7% |
| Median of 6 peers | – | −0.10% | 506 | 32.8 | 1.20 | 14.5% | 12.1% | 4.6% | 8.2% | 35.6% | 0.00% | −35.1% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,161 | 1,416 | 1,210 | 1,291 | 1,366 | |
| 990 | 1,198 | 1,026 | 1,104 | 1,170 | |
| 172 | 218 | 184 | 187 | 196 | |
| 14.8% | 15.4% | 15.2% | 14.5% | 14.4% | |
| 10.1 | 24 | 8.6 | 5.4 | 22.9 | |
| 73.2 | 71.6 | 72.1 | 73.8 | 74.7 | |
| 129 | 133 | 144 | 138 | 140 | |
| – | −17.7 | −1.3 | – | – | |
| −20.9 | 19.7 | −24.9 | −19 | 4.1 | |
| 24.7% | 18.1% | 34.3% | 25.1% | 24.7% | |
| −15.7 | 16.1 | −16.4 | −14.3 | 3.1 | |
| -1.43 | 1.46 | -1.49 | -1.49 | 0.28 |
Profit & loss
- Sales CAGR 3Y
- +8.9%
- ROE
- −4.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,708 | 4,048 | 4,358 | 4,788 | |
| – | +9.2% | +7.7% | +9.9% | |
| 2,982 | 3,303 | 3,624 | 4,019 | |
| 726 | 746 | 734 | 769 | |
| 19.6% | 18.4% | 16.8% | 16.1% | |
| 7.9 | −10.3 | −6.4 | −7.5 | |
| 209 | 225 | 261 | 289 | |
| 382 | 437 | 494 | 541 | |
| 15.3 | 30.7 | 34.8 | 15.5 | |
| 159 | 104 | 7 | −53 | |
| 27.1% | 26.0% | −55.3% | 31.9% | |
| 116 | 77.3 | 10.9 | −36.1 | |
| – | minus 33.4% | minus 85.9% | minus 431.4% | |
| 10.51 | 7.00 | 0.99 | -3.28 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 54.8 | 55 | 55 | 55.1 | |
| 151 | 246 | 266 | 236 | |
| 2,375 | 2,785 | 3,314 | 3,317 | |
| 2,023 | 2,208 | 2,459 | 2,683 | |
| 4,603 | 5,294 | 6,095 | 6,291 | |
| 2,215 | 2,690 | 3,103 | 3,142 | |
| 29.6 | 17.4 | 5.3 | 3.6 | |
| 0 | 0 | 0 | 0 | |
| 124 | 94.9 | 76.7 | 95.7 | |
| 2,235 | 2,492 | 2,909 | 3,050 | |
| 4,603 | 5,294 | 6,095 | 6,291 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 543 | 561 | 549 | 838 | |
| −29.1 | −111 | −169 | −129 | |
| −537 | −479 | −409 | −675 | |
| −23 | −29.4 | −29.2 | 34 | |
| −146 | −176 | −182 | −139 | |
| 397 | 385 | 366 | 699 |
Shareholding pattern
- Promoters66.01%
- Public33.99%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 66.01% | 33.99% | minus 0.05 | |
| 30 Jun 2026 | 66.06% | 33.94% | 0.00 | |
| 31 Mar 2026 | 66.06% | 33.94% | plus 0.36 | |
| 31 Dec 2025 | 65.70% | 34.30% | plus 0.17 | |
| 30 Sep 2025 | 65.53% | 34.47% | – |
Major shareholders
Filings & events
News
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