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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shoppers Stop Ltd

About the Company - Shoppers Stop Ltd

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. 2493.81 Cr. and Equity Capital is Rs. 54.76 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Retail - Departmental StoresUmang Tower, 5th Floor, Mindspace, Mumbai Maharashtra 400064company.secretary@shoppersstop.com
http://www.shoppersstop.com
Management
NamePosition Held
Mr. B S NageshChairman & Non-Exe.Director
Mr. Venu NairManaging Director & CEO
Mr. Neel C RahejaNon Executive Director
Mr. Ravi C RahejaNon Executive Director
Mr. Arun SirdeshmukhIndependent Director
Ms. Christine KasoulisIndependent Director
Mr. Nirvik SinghIndependent Director
Mr. Manish ChokhaniIndependent Director
Mr. Mahesh ChhabriaIndependent Director
Ms. Smita JatiaIndependent Director

Shoppers Stop Ltd. Share Price Update

Share PriceValue
Today₹732.20
Previous Day₹733.30

Basic Stock Data of Shoppers Stop Ltd

Market Cap 8,092 Cr.
Current Price 736
High / Low890/574
Stock P/E112
Book Value 21.6
Dividend Yield0.00 %
ROCE15.3 %
ROE80.7 %
Face Value 5.00

Data Source: screener.in

Competitors of Shoppers Stop Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
V-Mart Retail Ltd 3,912 Cr. 1,9782,474/1,591 3860.00 %5.17 %1.18 % 10.0
Praxis Home Retail Ltd 258 Cr. 20.638.2/11.0 0.720.00 %17.4 %% 5.00
Spencers Retail Ltd 1,082 Cr. 120139/51.4 31.70.00 %8.23 %% 5.00
Osia Hyper Retail Ltd 602 Cr. 51.078.2/20.141.0 13.90.00 %17.5 %9.48 % 1.00
Industry Average216 Cr48.1510.25108.080%12.08%2.67%5.25

Shoppers Stop Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales7166802056429587139481,0131,1379249941,0391,238
Expenses6235862685707746377868489247698228781,020
Operating Profit9395-637218476162165213155172161217
OPM %13%14%-31%11%19%11%17%16%19%17%17%15%18%
Other Income302464684121622423763
Interest54515153505351515255545559
Depreciation10292899281938593100104105108111
Profit before tax-32-24-139-594-483223861820351
Tax %22%1%25%23%17%69%29%30%27%21%27%22%28%
Net Profit-25-24-105-477-162316631414337
EPS in Rs-2.30-2.20-9.59-0.337.06-1.452.081.485.721.301.320.253.35

Shoppers Stop Ltd Quarterly Chart

Shoppers Stop Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,9103,1193,7184,2174,5953,7573,6973,5783,4641,7492,5194,0224,094
Expenses2,8063,0223,5833,9484,4153,6293,5463,3322,9121,7052,2493,3273,393
Operating Profit1049713526918012815124655244270695700
OPM %4%3%4%6%4%3%4%7%16%3%11%17%17%
Other Income75413281823218242241945560
Interest4255657885863814197223207209216
Depreciation617998125130119115141450392355382418
Profit before tax8-31-2578-7-58231110-72-347-98159127
Tax %415%-72%-105%37%-482%-35%8%41%-98%23%53%27%
Net Profit-24-54-5049-40-7821465-142-267-4711694
EPS in Rs1.85-1.09-0.804.090.23-3.5922.345.94-12.98-24.43-4.2910.588.59
Dividend Payout %33%-56%-75%15%260%-17%3%10%0%0%0%0%

Shoppers Stop Ltd Profit & Loss Yearly Chart

Shoppers Stop Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:2%
3 Years:5%
TTM:10%
Compounded Profit Growth
10 Years:28%
5 Years:26%
3 Years:41%
TTM:-17%
Stock Price CAGR
10 Years:7%
5 Years:10%
3 Years:52%
1 Year:14%
Return on Equity
10 Years:-7%
5 Years:-18%
3 Years:-70%
Last Year:81%

Shoppers Stop Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital41414242424244444455555555
Reserves475459449487473437860871236521151183
Borrowings436498645751829885125742,2472,1062,1152,3752,505
Other Liabilities4555356417026886927581,4861,7681,2901,5912,0232,184
Total Liabilities1,4061,5341,7771,9812,0322,0561,7882,4764,0813,5163,7834,6034,926
Fixed Assets7157418609039079226736151,9011,7211,7232,0972,240
CWIP3232372833201835443143426
Investments00003920282258191128146480
Other Assets6597618811,0511,0531,0948141,5671,9451,6641,8992,4242,660
Total Assets1,4061,5341,7771,9812,0322,0561,7882,4764,0813,5163,7834,6034,926

Shoppers Stop Ltd Reserves and Borrowings Chart

Shoppers Stop Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -5878811115564298202576-3383543
Cash from Investing Activity -172-122-208-162-172-111-35-125-284-24-102-29
Cash from Financing Activity 172471184510-10-171-63-433167-270-537
Net Cash Flow-612-2-6-6-579213-14114011-23

Shoppers Stop Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days345946554653
Inventory Days65656769749057188225290244235
Days Payable63666564637684224277391349287
Cash Conversion Cycle626141519-21-31-48-94-101-49
Working Capital Days-10-8-15-5-13-23-23-18-27-37-40-16
ROCE %6%3%4%13%6%3%4%12%8%-5%4%15%

Shoppers Stop Ltd Financial Efficiency Indicators Chart

Shoppers Stop Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters65.46%65.46%65.41%65.51%65.55%65.55%65.51%65.46%65.46%65.46%65.55%65.55%
FIIs5.76%5.76%5.83%5.94%6.10%6.38%6.71%7.04%6.82%6.83%6.78%6.85%
DIIs19.93%19.93%20.21%20.15%19.82%20.45%20.03%20.36%20.81%21.37%21.57%21.97%
Public8.85%8.85%8.54%8.40%8.53%7.62%7.75%7.14%6.90%6.34%6.11%5.64%
No. of Shareholders31,02231,02228,17126,63325,83629,55638,71036,98338,74739,37341,11241,376

Shoppers Stop Ltd Shareholding Pattern Chart

No. of Shoppers Stop Ltd Shareholders

Shoppers Stop Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Aditya Birla Sun Life ELSS Tax Saver Fund53410502.47369.07
Nippon India Multi Cap Fund46949651.32324.42
Kotak Small Cap Fund - Regular Plan36441381.79251.81
HDFC Small Cap Fund - Regular Plan36032590.93248.99
DSP Small Cap Fund18312190.94126.54
Tata Small Cap Fund14287011.798.72
L&T Large and Midcap Fund - Regular Plan5538982.5641.52
HDFC Multi Cap Fund4139610.2628.6
HDFC ELSS Tax Saver Fund3900000.2126.95
Aditya Birla Sun Life Multi Asset Allocation Fund3346440.7823.12

Shoppers Stop Ltd ROCE Trend

Shoppers Stop Ltd EPS Trend

Shoppers Stop Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)10.59-4.29-28.38-16.147.38
Diluted EPS (Rs.)10.51-4.29-28.38-16.147.38
Cash EPS (Rs.)45.3828.2611.4435.0423.36
Book Value[Excl.RevalReserv]/Share (Rs.)18.776.9310.957.57103.95
Book Value[Incl.RevalReserv]/Share (Rs.)18.776.9310.957.57103.95
Revenue From Operations / Share (Rs.)366.78229.98159.90393.62406.63
PBDIT / Share (Rs.)68.5739.9024.5466.5630.04
PBIT / Share (Rs.)33.777.50-11.3315.3814.06
PBT / Share (Rs.)14.52-8.90-31.71-8.1412.49
Net Profit / Share (Rs.)10.58-4.15-24.42-16.147.38
NP After MI And SOA / Share (Rs.)10.58-4.29-24.42-16.147.38
PBDIT Margin (%)18.6917.3515.3416.907.38
PBIT Margin (%)9.203.26-7.083.903.45
PBT Margin (%)3.95-3.87-19.83-2.063.07
Net Profit Margin (%)2.88-1.80-15.27-4.101.81
NP After MI And SOA Margin (%)2.88-1.86-15.27-4.101.81
Return on Networth / Equity (%)56.36-61.89-223.13-213.117.10
Return on Capital Employeed (%)16.804.45-6.466.3113.48
Return On Assets (%)2.52-1.24-7.59-3.482.62
Long Term Debt / Equity (X)0.101.180.790.000.00
Total Debt / Equity (X)0.612.841.552.330.03
Asset Turnover Ratio (%)0.950.680.451.031.63
Current Ratio (X)0.800.770.800.860.90
Quick Ratio (X)0.170.250.260.220.21
Dividend Payout Ratio (NP) (%)0.000.000.00-4.6410.15
Dividend Payout Ratio (CP) (%)0.000.000.002.143.21
Earning Retention Ratio (%)0.000.000.00104.6489.85
Cash Earning Retention Ratio (%)0.000.000.0097.8696.79
Interest Coverage Ratio (X)3.602.121.202.9719.17
Interest Coverage Ratio (Post Tax) (X)1.560.64-0.190.325.71
Enterprise Value (Cr.)7196.865290.012495.581853.494161.77
EV / Net Operating Revenue (X)1.792.101.430.531.16
EV / EBITDA (X)9.5712.109.303.1615.75
MarketCap / Net Operating Revenue (X)1.772.031.340.491.16
Retention Ratios (%)0.000.000.00104.6489.84
Price / BV (X)34.5167.2619.6425.554.53
Price / Net Operating Revenue (X)1.772.031.340.491.16
EarningsYield0.01-0.01-0.11-0.080.01

Shoppers Stop Ltd Profitability Ratios (%)

Shoppers Stop Ltd Liquidity Ratios

Shoppers Stop Ltd Liquidity Ratios (%)

Shoppers Stop Ltd Interest Coverage Ratios (X)

Shoppers Stop Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shoppers Stop Ltd

Fair Value: ₹1991.34

The stock is undervalued by 170.56% compared to the current price ₹736

*Investments are subject to market risks

Strength and Weakness of Shoppers Stop Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -19.58, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -23.50, which is a positive sign.
  3. The company has shown consistent growth in sales (3.00 cr) and profit (5.77 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 11.88 and average Dividend Yield of 2.55%.
  2. The stock has a low average ROCE of 6.08%, which may not be favorable.
  3. The company has higher borrowings (1,199.31) compared to reserves (381.08), which may suggest financial risk.

Should I Buy Shoppers Stop Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Shoppers Stop Ltd:
    1. Net Profit Margin: 2.88%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 16.80% (Industry Average ROCE: 12.08%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 1.56
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.17
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 114 (Industry average Stock P/E: 10.95)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.61
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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