Spencer's Retail Ltd. (SPENCERS) AI Stock Analysis

• Market Cap: ₹4.86B
• Dividend Yield: N/A
• Average Volume (3M): 11.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.27
• Revenue Growth: -19.82%
• EPS Growth: -7.75%
• Country: IN
• Employees: 3,312
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Department Stores
• EPS (TTM): -6.84
• Shares Outstanding: 90,132,010
• 10 Day Avg. Volume: 8,642
• 30 Day Avg. Volume: 11,402
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹57.00
• Price Target Upside: 5.71% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 44 Neutral
• Price Target: ₹57.00 ▲(5.71% Upside)

The overall stock score is primarily impacted by the company's poor financial performance, characterized by declining revenues and high leverage. Technical analysis suggests a bearish trend, while valuation metrics are unattractive due to negative earnings. The absence of earnings call data and corporate events does not alter the assessment.

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 hypermarkets. The company offers products in various categories, such as groceries, fresh products, general merchandise, personal care products, apparel and accessories, consumer durables, and other lifestyle products. It provides its products under the own brands, including Smart Choice, Tasty Wonders, Clean Home, and Maroon, as well as under the various private brands, such as 2Bme, Healthy Alternatives, Hands on, and Inscapes. In addition, the company engages in the online retail business. As of March 31, 2022, it operated 154 stores. The company was formerly known as RP-SG Retail Limited and changed its name to Spencer's Retail Limited in December 2018. Spencer's Retail Limited was founded in 1863 and is headquartered in Kolkata, India.

How the Company Makes Money

Spencer's Retail Ltd. generates revenue primarily through its network of retail stores, which serve as the main points of sale for its diverse product offerings. The company earns money by procuring products from various suppliers and manufacturers and selling them at a markup to consumers. Key revenue streams include sales of groceries, fresh produce, household items, fashion, and electronics. Spencer's also enhances its earnings through strategic partnerships with brands and suppliers, allowing for exclusive product offerings and promotions. Additionally, the company leverages private label products, which typically offer higher margins than third-party brands. Seasonal sales, loyalty programs, and targeted marketing campaigns further contribute to Spencer's revenue generation.

Spencer's Retail Ltd. Financial Statement Overview

Summary

Spencer's Retail Ltd. is experiencing significant financial distress, with declining revenues, consistent losses, and high leverage. While there are slight improvements in operating cash flow, the overall financial health is concerning, with potential risks associated with high debt and negative equity.

Income Statement

Spencer's Retail Ltd. has faced declining revenue over the years, with a negative net profit margin indicating consistent losses. Although the gross profit margin remains positive, the EBIT and EBITDA margins are negative, reflecting operational challenges and profitability concerns.

Balance Sheet

The company has a negative stockholders' equity, indicating financial distress and high leverage. The debt-to-equity ratio is concerning due to negative equity, and the company’s assets are mostly funded by liabilities, posing significant financial risk.

Cash Flow

Operating cash flow has improved but remains relatively low compared to net income, indicating challenges in generating cash. The free cash flow has shown some improvement recently, suggesting a better cash management strategy despite overall financial struggles.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	19.95B	19.95B	23.45B	24.53B	22.36B	23.57B
Gross Profit	2.03B	3.90B	4.27B	4.50B	3.62B	3.98B
EBITDA	602.61M	602.61M	139.56M	361.55M	1.01B	532.63M
Net Income	-2.46B	-2.46B	-2.66B	-2.10B	-1.21B	-1.64B
Balance Sheet
Total Assets	13.10B	13.10B	16.96B	16.29B	15.65B	15.59B
Cash, Cash Equivalents and Short-Term Investments	284.58M	284.58M	314.58M	333.78M	388.58M	577.48M
Total Debt	15.71B	15.71B	16.22B	13.41B	10.69B	9.44B
Total Liabilities	19.71B	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

• Technical Analysis Sentiment: Negative
• Last Price: 53.92
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPENCERS, the sentiment is Negative. The current price of 53.92 is below the 20-day moving average (MA) of 57.53, below the 50-day MA of 58.07, and below the 200-day MA of 67.47, indicating a bearish trend. The MACD of -0.85 indicates Positive momentum. The RSI at 31.99 is Neutral, neither overbought nor oversold. The STOCH value of 6.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SPENCERS.

Spencer's Retail Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CANTABIL	66 Neutral	₹21.21B	27.15	19.04%	0.40%	19.03%	25.30%
SHOPERSTOP	63 Neutral	₹59.38B	331.60	3.39%	―	7.45%	-55.35%
VMART	59 Neutral	₹57.39B	85.31	5.65%	―	15.89%	―
ABFRL	52 Neutral	₹103.29B	-20.32	-5.52%	―	-19.17%	37.41%
SPENCERS	44 Neutral	₹4.86B	―	―	―	-19.82%	-7.75%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Spencer's Retail Ltd. Corporate Events

Spencer’s Retail Releases Q1 2025 Financial Results

Spencer’s Retail Limited has published its unaudited financial results for the quarter ending June 30, 2025, in major newspapers. This announcement is part of the company’s transparency efforts, potentially impacting its market perception and providing stakeholders with insights into its financial health.