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Shoppers Stop Limited
(SHOPERSTOP)
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Rating:57Neutral
Price Target:
₹439.00
▲(16.28% Upside)
Action:Reiterated
Date:09/26/26
The score is primarily held back by financial risk: recent profitability deterioration into a net loss and a highly leveraged balance sheet. Offsetting this, operating and free cash flow are strong and improving, and technicals are constructive with the price trading above major moving averages and positive MACD. Valuation remains a drag because negative earnings make the P/E less informative and no dividend yield is available.
Positive Factors
Steady Revenue Growth
Sustained revenue expansion indicates continuing consumer demand and recovery across the retail business. Although growth moderated in FY2026, a multi-year upward trend can support operating scale, strengthen brand reach, and provide a foundation for improved earnings if margins stabilize.
Negative Factors
High Financial Leverage
Debt is very large relative to the equity base, leaving the company exposed to earnings volatility and reducing financial flexibility. High leverage can constrain reinvestment, increase dependence on sustained cash generation, and make a prolonged margin downturn more damaging.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Sustained revenue expansion indicates continuing consumer demand and recovery across the retail business. Although growth moderated in FY2026, a multi-year upward trend can support operating scale, strengthen brand reach, and provide a foundation for improved earnings if margins stabilize.
Read all positive factors
Shoppers Stop Limited (SHOPERSTOP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹46.06B
Dividend Yield0.16%
Average Volume (3M)8.69K
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue Growth9.62%
EPS Growth-293.21%
CountryIN
Employees7,055
SectorGeneral
Sector StrengthN/A
IndustryDepartment Stores
Share Statistics
EPS (TTM)-3.15
Shares Outstanding110,205,666
10 Day Avg. Volume15,382
30 Day Avg. Volume8,691
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)10.93
Price to Sales (P/S)0.63
P/FCF Ratio4.69
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)2.6
Revenue Forecast (FY)₹55.34B
Shoppers Stop Limited Business Overview & Revenue Model
Company Description
Shoppers Stop Limited, an Indian retail enterprise, provides a broad array of household and consumer goods. Its main Shoppers Stop department stores offer clothing for men, women, and children, along with various accessories like perfumes, cosmeti...
How the Company Makes Money
Shoppers Stop primarily makes money by retailing merchandise to consumers through its department store network and online channels. Its core revenue stream is the sale of goods across key categories such as apparel, beauty/cosmetics, accessories, ...
Shoppers Stop Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
33
Negative
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.74B | 50.43B | 46.28B | 43.17B | 40.22B | 25.19B |
| Gross Profit | 10.30B | 10.10B | 19.00B | 8.20B | 8.52B | 2.88B |
| EBITDA | 7.83B | 7.44B | 7.08B | 7.66B | 7.50B | 4.64B |
| Net Income | -345.90M | -360.90M | 108.90M | 772.50M | 1.16B | -470.00M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 62.91B | 60.95B | 52.94B | 46.03B | 37.83B |
| Cash, Cash Equivalents and Short-Term Investments | 127.10M | 127.10M | 140.20M | 166.30M | 793.70M | 1.78B |
| Total Debt | 0.00 | 33.17B | 33.14B | 27.85B | 23.75B | 21.15B |
| Total Liabilities | -2.91B | 60.00B | 57.73B | 49.93B | 43.97B | 37.07B |
| Stockholders Equity | 2.91B | 2.91B | 3.21B | 3.01B | 2.06B | 759.30M |
Cash Flow | ||||||
| Free Cash Flow | 2.90B | 6.78B | 3.66B | 3.85B | 3.97B | 2.75B |
| Operating Cash Flow | 3.68B | 8.17B | 5.49B | 5.61B | 5.43B | 3.83B |
| Investing Cash Flow | -767.30M | -1.31B | -1.69B | -1.11B | -290.80M | -1.02B |
| Financing Cash Flow | -2.52B | -6.52B | -4.09B | -4.79B | -5.37B | -2.70B |
Shoppers Stop Limited Technical Analysis
Positive
377.55
Price Trends
399.92
Positive
378.12
Positive
362.62
Positive
Market Momentum
5.40
Negative
57.77
Neutral
63.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHOPERSTOP, the sentiment is Positive. The current price of 377.55 is below the 20-day moving average (MA) of 395.30, below the 50-day MA of 399.92, and above the 200-day MA of 362.62, indicating a bullish trend. The MACD of 5.40 indicates Negative momentum. The RSI at 57.77 is Neutral, neither overbought nor oversold. The STOCH value of 63.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SHOPERSTOP.
Shoppers Stop Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹60.72B | 4.57 | ― | 0.13% | 19.09% | 104.43% | |
69 Neutral | ₹19.31B | 19.85 | ― | 0.65% | 16.08% | 24.68% | |
57 Neutral | ₹46.06B | -131.75 | ― | 0.16% | 9.62% | -293.21% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹54.85B | 43.24 | ― | 0.41% | 13.94% | ― | |
42 Neutral | ₹2.48B | -0.97 | ― | ― | -0.49% | 6.19% |
* General Sector Average
IN:SHOPERSTOP
Shoppers Stop Limited
415.30
-108.35
-20.69%
IN:ARVINDFASN
Arvind Fashions Ltd.
388.50
-139.55
-26.43%
IN:CANTABIL
Cantabil Retail India Limited
230.85
-26.18
-10.18%
IN:FEL
Future Enterprises Ltd
0.49
-0.09
-15.52%
IN:SPENCERS
Spencer's Retail Ltd.
26.56
-30.72
-53.63%
IN:VMART
V-Mart Retail Ltd
752.80
28.67
3.96%
Shoppers Stop Limited Corporate Events
Shoppers Stop Schedules Investor Meet with HDFC Mutual Fund
Sep 10, 2026
Shoppers Stop Limited has notified the stock exchanges that its senior management will meet representatives of HDFC Mutual Fund in person on September 16, 2026, at 4:00 p.m. The company clarified that no unpublished price-sensitive information wil...
Shoppers Stop Publishes June-Quarter Results in Line with SEBI Norms
Jul 24, 2026
Shoppers Stop Limited announced that it has published its financial results for the quarter ended June 30, 2026 in leading newspapers, following approval of the results by its Board of Directors on July 22, 2026. The disclosures, made under SEBI&#...
Shoppers Stop expands employee equity as SSL Plan 2022 advances
Jul 22, 2026
Shoppers Stop’s Nomination Remuneration Corporate Governance Committee has approved the allotment of 80,916 equity shares following the exercise of vested employee stock options under its 2022 stock option plan, marginally increasing the co...
Shoppers Stop Ups Share Capital With ESOP Allotment, Grants Fresh Equity Awards
Jul 22, 2026
Shoppers Stop has approved the allotment of 80,916 equity shares following the exercise of vested employee stock options under its 2022 stock option plan, marginally increasing its paid-up share capital to Rs. 55.10 crore spread over 11.02 crore s...
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.