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Last Updated: April 2, 2026, 3:39 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532638 | NSE: SHOPERSTOP

Shoppers Stop Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹10.83Overvalued by 96.37%vs CMP ₹298.00

P/E (15.0) × ROE (3.4%) × BV (₹26.10) × DY (2.00%)

Defaults: P/E=15

₹169.23Overvalued by 43.21%vs CMP ₹298.00
MoS: -76.1% (Negative)Confidence: 45/100 (Moderate)Models: 2 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹14.0530%Over (-95.3%)
Graham NumberEarnings₹24.1122%Over (-91.9%)
Net Asset ValueAssets₹26.1312%Over (-91.2%)
EV/EBITDAEnterprise₹788.8615%Under (+164.7%)
Earnings YieldEarnings₹9.9012%Over (-96.7%)
Revenue MultipleRevenue₹419.839%Under (+40.9%)
Consensus (6 models)₹169.23100%Overvalued
Key Drivers: EPS CAGR 29.7% lifts DCF — verify sustainability. | ROE 3.4% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 29.7% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

43
Shoppers Stop Ltd scores 43/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health26/100 · Weak
ROCE 8.0% WeakROE 3.4% WeakD/E 1.55 High debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 65.7% Stable
Earnings Quality50/100 · Moderate
OPM stable around 16% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +6% YoY GrowingProfit (4Q): -158% YoY Declining
Industry Rank50/100 · Moderate
ROCE 8.0% vs industry 11.6% AverageROE 3.4% vs industry 25.3% Below peers3Y sales CAGR: 22% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:39 am

Market Cap 3,285 Cr.
Current Price 298
Intrinsic Value₹169.23
High / Low 589/267
Stock P/E
Book Value 26.1
Dividend Yield0.00 %
ROCE7.96 %
ROE3.39 %
Face Value 5.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Shoppers Stop Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Shoppers Stop Ltd 3,285 Cr. 298 589/267 26.10.00 %7.96 %3.39 % 5.00
V-Mart Retail Ltd 3,839 Cr. 483 962/45832.3 1060.00 %8.50 %3.08 % 10.0
Spencers Retail Ltd 252 Cr. 28.0 72.0/24.3 87.30.00 %9.72 %% 5.00
Future Market Networks Ltd 124 Cr. 2.28 / 20.60.00 %13.3 %116 % 2.00
Praxis Home Retail Ltd 103 Cr. 5.53 14.6/5.24 2.780.00 %9.63 %% 5.00
Industry Average47,537.50 Cr637.3034.1378.480.00%11.59%25.33%6.00

All Competitor Stocks of Shoppers Stop Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,1379249941,0391,2381,0461,0691,1151,3791,0641,1611,2571,416
Expenses 9247698228781,0208809269651,1348949901,0861,198
Operating Profit 213155172161217167143150246170172170218
OPM % 19%17%17%15%18%16%13%13%18%16%15%14%15%
Other Income 24237633348232010106
Interest 52555455595861656570737372
Depreciation 100104105108111112117122130125129134133
Profit before tax 86182035130-32-2973-5-21-2720
Tax % 27%21%27%22%28%23%-28%-28%28%-137%-25%-25%18%
Net Profit 63141433723-23-21522-16-2016
EPS in Rs 5.721.301.320.253.352.11-2.07-1.874.750.18-1.43-1.831.46

Last Updated: February 4, 2026, 5:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 7:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,7184,2174,5953,7573,6973,5783,4641,7492,5194,0224,3174,6284,898
Expenses 3,5833,9484,4153,6293,5463,3322,9121,7052,2493,3273,6003,9194,168
Operating Profit 13526918012815124655244270695717708730
OPM % 4%6%4%3%4%7%16%3%11%17%17%15%15%
Other Income 4132818232182422419455495446
Interest 657885863814197223207209225261288
Depreciation 98125130119115141450392355382437494522
Profit before tax -2578-7-58231110-72-347-981591047-34
Tax % 105%37%482%35%8%41%98%-23%-53%27%26%-55%
Net Profit -5049-40-7821465-142-267-471167711-18
EPS in Rs -0.804.090.23-3.5922.345.94-12.98-24.43-4.2910.587.030.99-1.62
Dividend Payout % -75%15%260%-17%3%10%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)198.00%-181.63%-95.00%374.36%-69.63%-318.46%-88.03%82.40%346.81%-33.62%-85.71%
Change in YoY Net Profit Growth (%)0.00%-379.63%86.63%469.36%-443.99%-248.84%230.43%170.43%264.41%-380.43%-52.09%

Shoppers Stop Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:6%
3 Years:22%
TTM:7%
Compounded Profit Growth
10 Years:-13%
5 Years:16%
3 Years:29%
TTM:-61%
Stock Price CAGR
10 Years:4%
5 Years:26%
3 Years:-6%
1 Year:-35%
Return on Equity
10 Years:-5%
5 Years:-16%
3 Years:29%
Last Year:3%

Last Updated: September 5, 2025, 1:26 pm

Balance Sheet

Last Updated: December 4, 2025, 1:58 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 42424242444444555555555555
Reserves 449487473437860871236521151246266233
Borrowings 645751829885125742,2472,1062,1152,3752,7853,3143,324
Other Liabilities 6417026886927581,4861,7681,2901,5912,0232,2082,4592,595
Total Liabilities 1,7771,9812,0322,0561,7882,4764,0813,5163,7834,6035,2946,0956,207
Fixed Assets 8609039079226736151,9011,7211,7232,0972,5822,9712,945
CWIP 3728332018354431434211316
Investments 00392028225819112814648433
Other Assets 8811,0511,0531,0948141,5671,9451,6641,8992,4242,6883,1073,243
Total Assets 1,7771,9812,0322,0561,7882,4764,0813,5163,7834,6035,2946,0956,207

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 8811115564298202576-3383543561549
Cash from Investing Activity + -208-162-172-111-35-125-284-24-102-29-111-169
Cash from Financing Activity + 1184510-10-171-63-433167-270-537-479-409
Net Cash Flow -2-6-6-579213-14114011-23-29-29
Free Cash Flow -110-52-17-4718489395-85276399388369
CFO/OP 84%50%110%69%221%105%112%-35%134%79%78%78%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-510.00-482.00-649.00-757.0026.00172.00550.0042.00268.00693.00715.00705.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 594655465375
Inventory Days 6769749057188225290244235242273
Days Payable 6564637684224277391349287283303
Cash Conversion Cycle 6141519-21-31-48-94-101-49-34-25
Working Capital Days -36-30-28-48-26-21-44-101-90-51-44-37
ROCE %4%13%6%3%4%12%8%-5%4%15%12%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 65.46%65.46%65.55%65.55%65.54%65.58%65.57%65.54%65.52%65.52%65.53%65.70%
FIIs 6.82%6.83%6.78%6.85%7.43%7.43%7.08%3.32%3.13%3.09%2.94%2.79%
DIIs 20.81%21.37%21.57%21.97%22.17%22.22%22.67%25.32%25.51%25.48%25.58%25.44%
Public 6.90%6.34%6.11%5.64%4.85%4.78%4.68%5.81%5.83%5.91%5.95%6.06%
No. of Shareholders 38,74739,37341,11241,37625,67724,56724,28527,89928,94928,80628,60128,046

Shareholding Pattern Chart

No. of Shareholders

Shoppers Stop Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund 9,174,516 0.74 278.778,911,5712026-03-24 01:42:142.95%
Tata Small Cap Fund 5,272,484 1.5 160.25,220,4332025-12-15 01:06:451%
Kotak Small Cap Fund 4,281,486 0.77 130.09N/AN/AN/A
Nippon India Multi Cap Fund 4,109,700 0.25 124.874,109,7002025-04-22 15:56:530%
DSP Small Cap Fund 796,393 0.14 24.2900,0002026-03-11 00:44:01-11.51%
Canara Robeco Consumer Trends Fund 222,500 0.35 6.76N/AN/AN/A
Kotak ESG Exclusionary Strategy Fund 159,337 0.6 4.84N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 0.997.0310.59-4.29-28.38
Diluted EPS (Rs.) 0.997.0010.51-4.29-28.38
Cash EPS (Rs.) 45.9046.7345.3828.2611.44
Book Value[Excl.RevalReserv]/Share (Rs.) 29.1827.4018.776.9310.95
Book Value[Incl.RevalReserv]/Share (Rs.) 29.1827.4018.776.9310.95
Revenue From Operations / Share (Rs.) 420.46392.56366.78229.98159.90
PBDIT / Share (Rs.) 69.2870.2868.5739.9024.54
PBIT / Share (Rs.) 24.3730.5833.777.50-11.33
PBT / Share (Rs.) 0.639.5014.52-8.90-31.71
Net Profit / Share (Rs.) 0.987.0310.58-4.15-24.42
NP After MI And SOA / Share (Rs.) 0.987.0310.58-4.29-24.42
PBDIT Margin (%) 16.4717.9018.6917.3515.34
PBIT Margin (%) 5.797.789.203.26-7.08
PBT Margin (%) 0.152.413.95-3.87-19.83
Net Profit Margin (%) 0.231.782.88-1.80-15.27
NP After MI And SOA Margin (%) 0.231.782.88-1.86-15.27
Return on Networth / Equity (%) 3.3925.6356.36-61.89-223.13
Return on Capital Employeed (%) 8.6912.8416.804.45-6.46
Return On Assets (%) 0.171.452.52-1.24-7.59
Long Term Debt / Equity (X) 0.290.000.101.180.79
Total Debt / Equity (X) 1.060.570.612.841.55
Asset Turnover Ratio (%) 0.810.870.950.680.45
Current Ratio (X) 0.850.810.800.770.80
Quick Ratio (X) 0.170.180.170.250.26
Inventory Turnover Ratio (X) 2.480.000.000.000.00
Interest Coverage Ratio (X) 2.923.433.602.121.20
Interest Coverage Ratio (Post Tax) (X) 1.041.371.560.64-0.19
Enterprise Value (Cr.) 6354.638425.197196.865290.012495.58
EV / Net Operating Revenue (X) 1.371.951.792.101.43
EV / EBITDA (X) 8.3310.909.5712.109.30
MarketCap / Net Operating Revenue (X) 1.301.921.772.031.34
Price / BV (X) 18.7727.4434.5167.2619.64
Price / Net Operating Revenue (X) 1.301.921.772.031.34
EarningsYield 0.000.010.01-0.01-0.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Shoppers Stop Ltd. is a Public Limited Listed company incorporated on 16/06/1997 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L51900MH1997PLC108798 and registration number is 108798. Currently Company is involved in the business activities of Retail sale of other goods in specialized stores. Company's Total Operating Revenue is Rs. 4435.61 Cr. and Equity Capital is Rs. 55.03 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Retail - Departmental StoresUmang Tower, 5th Floor, Mindspace, Mumbai Maharashtra 400064Contact not found
Management
NamePosition Held
Mr. B S NageshChairman & Non-Exe.Director
Mr. Kavindra MishraManaging Director & CEO
Mr. Ravi C RahejaNon Executive Director
Mr. Neel C RahejaNon Executive Director
Mr. Nirvik SinghNon Exe.Non Ind.Director
Mr. Mahesh ChhabriaIndependent Director
Mr. Ashish HemrajaniIndependent Director
Ms. Purvi ShethIndependent Director
Ms. Smita JatiaIndependent Director
Mr. Arun SirdeshmukhIndependent Director

FAQ

What is the intrinsic value of Shoppers Stop Ltd and is it undervalued?

As of 13 April 2026, Shoppers Stop Ltd's intrinsic value is ₹169.23, which is 43.21% lower than the current market price of ₹298.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.39 %), book value (₹26.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Shoppers Stop Ltd?

Shoppers Stop Ltd is trading at ₹298.00 as of 13 April 2026, with a FY2026-2027 high of ₹589 and low of ₹267. The stock is currently near its 52-week low. Market cap stands at ₹3,285 Cr..

How does Shoppers Stop Ltd's P/E ratio compare to its industry?

Shoppers Stop Ltd has a P/E ratio of , which is below the industry average of 34.13. This is broadly in line with or below the industry average.

Is Shoppers Stop Ltd financially healthy?

Key indicators for Shoppers Stop Ltd: ROCE of 7.96 % is on the lower side compared to the industry average of 11.59%; ROE of 3.39 % is below ideal levels (industry average: 25.33%). Dividend yield is 0.00 %.

Is Shoppers Stop Ltd profitable and how is the profit trend?

Shoppers Stop Ltd reported a net profit of ₹11 Cr in Mar 2025 on revenue of ₹4,628 Cr. Compared to ₹-47 Cr in Mar 2022, the net profit shows an improving trend.

Does Shoppers Stop Ltd pay dividends?

Shoppers Stop Ltd has a dividend yield of 0.00 % at the current price of ₹298.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Shoppers Stop Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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