Whalesbook
Company OverviewShoppers Stop Ltd. is the nation's leading premier retailer of fashion and beauty brands established in 1991.[1]It has 800+ Brands under its portfolio and 271 Stores spread across 50 cities in India as of 31st Dec 2022.[2]
Business Profile[1]Shoppers Stop Ltd., established in 1991, is India’s premier fashion and beauty retailer. Offering 800+ brands and an omnichannel presence, the company is dedicated to delivering premium retail experiences.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Avenue Super. | 3913.30 | 93.23 | 254771.93 | 0.00 | 684.85 | 3.86 | 16676.30 | 15.45 | 17.95 | 63880.41 | 7.33 | 2732.60 | 685.01 | 11.13 | 11.86 | 0.07 |
| 2. | Vishal Mega Mart | 133.81 | 84.93 | 62524.80 | 0.00 | 152.31 | 46.47 | 2981.49 | 22.38 | 13.10 | 11805.64 | 14.53 | 736.21 | 152.31 | 9.06 | 6.58 | 0.27 |
| 3. | V-Mart Retail | 788.70 | 62.10 | 6256.86 | 0.00 | -8.87 | 84.30 | 806.87 | 22.07 | 8.50 | 3498.90 | 12.50 | 100.75 | -8.87 | 7.40 | 0.91 | 0.95 |
| 4. | Electronics Mart | 117.38 | 49.46 | 4512.00 | 0.00 | 16.14 | -73.13 | 1590.97 | 19.14 | 10.35 | 6879.43 | 5.79 | 91.23 | 6.29 | 2.90 | 4.75 | 1.26 |
| 5. | Shoppers Stop | 406.25 | 516.71 | 4459.17 | 0.00 | -22.68 | -13.68 | 1175.31 | 10.04 | 7.82 | 4603.32 | 16.06 | 8.63 | -22.68 | 14.85 | 0.11 | 10.71 |
| 6. | Patel Retail | 226.00 | 25.53 | 754.18 | 0.00 | 10.14 | 73.33 | 222.44 | 13.88 | 17.33 | 820.68 | 7.11 | 25.25 | 10.14 | 2.05 | 7.05 | 0.34 |
| 7. | Spencer's Retail | 43.15 | – | 390.11 | 0.00 | -63.79 | 26.83 | 445.15 | -14.07 | -9.72 | 1789.83 | -0.55 | -241.15 | -63.79 | – | -17.76 | – |
| – | Median: 10 Co. | 158.0 | 49.46 | 2606.68 | 0.0 | 5.14 | 36.65 | 626.01 | 14.66 | 13.91 | 2644.36 | 7.22 | 23.96 | 5.14 | 4.41 | 4.23 | 0.4 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,132 | 1,207 | 1,311 | 982 | 1,034 | 1,094 | 916 | 1,000 | 1,022 | 1,008 | 1,025 | 1,068 | 1,175 |
Expenses | 920 | 991 | 1,072 | 809 | 892 | 928 | 759 | 836 | 853 | 841 | 865 | 921 | 1,011 |
Operating Profit | 212 | 215 | 240 | 172 | 142 | 166 | 157 | 164 | 169 | 167 | 160 | 147 | 164 |
Other Income | 24 | 3 | 22 | 7 | 4 | 10 | 22 | 33 | 19 | 2 | 6 | 8 | 9 |
Profit before tax | 85 | 50 | 68 | 20 | -31 | -24 | 20 | 28 | -5 | 25 | 3 | -31 | -30 |
Tax % | 27% | 28% | 29% | 27% | -28% | -25% | 18% | 24% | -155% | 27% | 30% | -28% | -25% |
Net Profit | 62 | 36 | 49 | 15 | -23 | -18 | 16 | 22 | 2 | 18 | 2 | -22 | -23 |
EPS in Rs | 5.66 | 3.23 | 4.43 | 1.36 | -2.05 | -1.63 | 1.48 | 1.96 | 0.22 | 1.66 | 0.16 | -2.00 | -2.06 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 2,668 | 2,992 | 3,462 | 3,648 | 3,591 | 3,481 | 3,381 | 1,725 | 2,494 | 3,998 | 4,213 | 4,436 | 4,603 |
Expenses | 2,513 | 2,803 | 3,257 | 3,430 | 3,353 | 3,204 | 2,807 | 1,661 | 2,210 | 3,276 | 3,502 | 3,737 | 3,864 |
Operating Profit | 155 | 189 | 205 | 218 | 239 | 278 | 574 | 64 | 283 | 722 | 712 | 698 | 740 |
Other Income | 12 | 17 | 6 | -18 | -35 | 18 | 13 | 196 | 150 | 54 | 49 | 53 | 61 |
Interest | 42 | 51 | 57 | 84 | 63 | 37 | 218 | 231 | 220 | 233 | 224 | 258 | 277 |
Depreciation | 62 | 86 | 98 | 116 | 112 | 135 | 439 | 385 | 352 | 382 | 436 | 492 | 514 |
Profit before tax | 63 | 70 | 56 | 0 | 29 | 124 | -71 | -355 | -139 | 162 | 101 | 2 | 10 |
Net Profit | 37 | 41 | 23 | -20 | 12 | 79 | -141 | -275 | -87 | 119 | 74 | 7 | 11 |
EPS in Rs | 3.58 | 3.93 | 2.21 | -1.92 | 1.06 | 7.20 | -12.88 | -25.17 | -7.92 | 10.88 | 6.72 | 0.61 | 0.96 |
Dividend Payout % | 17% | 15% | 27% | -31% | 57% | 8% | -0% | -0% | -0% | -0% | -0% | -0% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 42 | 42 | 42 | 42 | 44 | 44 | 44 | 55 | 55 | 55 | 55 | 55 | 55 |
Reserves | 687 | 724 | 737 | 719 | 909 | 934 | 93 | 127 | 44 | 177 | 269 | 285 | 246 |
Borrowings | 451 | 518 | 590 | 576 | 87 | 40 | 2,191 | 2,062 | 2,093 | 2,353 | 2,732 | 3,224 | 3,226 |
Other Liabilities | 479 | 507 | 542 | 499 | 722 | 1,458 | 1,737 | 1,274 | 1,591 | 2,014 | 2,183 | 2,392 | 2,522 |
Total Liabilities | 1,659 | 1,790 | 1,910 | 1,836 | 1,763 | 2,475 | 4,065 | 3,517 | 3,783 | 4,599 | 5,239 | 5,955 | 6,049 |
Fixed Assets | 549 | 596 | 631 | 635 | 648 | 595 | 1,878 | 1,711 | 1,723 | 2,097 | 2,575 | 2,944 | 2,907 |
Gross Block | 846.67 | 968.38 | 716.50 | 812.51 | 928.21 | 990.69 | 2,678.36 | 2,618.71 | 2,699.68 | 2,844.07 | 3,384.39 | 3,766.73 | – |
Accumulated Depreciation | 297.65 | 372.07 | 85.02 | 177.19 | 280.44 | 395.85 | 800.00 | 908.06 | 976.26 | 746.86 | 809.70 | 822.35 | – |
CWIP | 32 | 14 | 28 | 17 | 18 | 35 | 44 | 3 | 14 | 34 | 21 | 12 | 16 |
Investments | 388 | 406 | 405 | 408 | 318 | 294 | 206 | 128 | 146 | 73 | 55 | 60 | 100 |
Other Assets | 690 | 773 | 846 | 775 | 779 | 1,552 | 1,937 | 1,676 | 1,899 | 2,394 | 2,587 | 2,939 | 3,026 |
Total Assets | 1,659 | 1,790 | 1,910 | 1,836 | 1,763 | 2,475 | 4,065 | 3,517 | 3,783 | 4,599 | 5,239 | 5,955 | 6,049 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 125 | 130 | 163 | 156 | 322 | 203 | 564 | 10 | 389 | 562 | 616 | 566 |
Cash from Investing Activity | -207 | -147 | -164 | -85 | 32 | -131 | -283 | -36 | -109 | -52 | -137 | -162 |
Cash from Financing Activity | 78 | 13 | 2 | -110 | -270 | -59 | -423 | 171 | -280 | -537 | -498 | -429 |
Net Cash Flow | -3 | -4 | 0 | -39 | 84 | 13 | -142 | 145 | -0 | -27 | -18 | -26 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 4 | 3 | 2 | 4 | 4 | 5 | 4 | 7 | 6 | 3 | 6 | 3 |
Inventory Days | 64 | 64 | 68 | 56 | 54 | 190 | 227 | 290 | 245 | 233 | 236 | 269 |
Days Payable | 67 | 64 | 65 | 53 | 81 | 226 | 278 | 391 | 350 | 286 | 286 | 310 |
Cash Conversion Cycle | 0 | 2 | 5 | 7 | -22 | -31 | -47 | -93 | -100 | -50 | -44 | -38 |
Working Capital Days | -47 | -44 | -35 | -41 | -24 | -18 | -41 | -94 | -88 | -50 | -47 | -39 |
ROCE % | 10% | 10% | 10% | 10% | 12% | 16% | 10% | -4% | 4% | 16% | 12% | 8% |
Direct from BSE filings, auto-summarised
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