Shoppers Stop Ltd

About

Shoppers Stop Ltd is a leading premier retailer of fashion and beauty products established in 1991. It owns and operates various department stores, home concept stores and specialty beauty stores across the country.[1]

Key Points

Product Offerings
The company sells a wide range of products under various private and trusted brands through its stores. Its product offerings include clothes, beauty products, home products (kitchen, furnishing, appliances, bath, bedding, etc.), books, electronics and various others.[1][2]

See full details
  • Market Cap 3,040 Cr.
  • Current Price 278
  • High / Low 297 / 159
  • Stock P/E
  • Book Value 10.9
  • Dividend Yield 0.00 %
  • ROCE -5.48 %
  • ROE -287 %
  • Face Value 5.00

Pros

Cons

  • Stock is trading at 25.39 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.57% over past five years.
  • Company has a low return on equity of -23.06% for last 3 years.
  • Earnings include an other income of Rs.182.48 Cr.

Peer comparison

Sector: Retail Industry: Textiles - Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
890 1,025 813 854 866 1,019 724 56 297 716 680 205
836 929 755 716 729 819 649 161 335 623 586 268
Operating Profit 54 96 57 138 138 200 75 -106 -38 93 95 -63
OPM % 6% 9% 7% 16% 16% 20% 10% -190% -13% 13% 14% -31%
Other Income 2 3 6 2 18 7 -2 106 63 30 24 64
Interest 3 3 3 49 48 49 52 56 61 54 51 51
Depreciation 32 28 49 90 90 96 173 103 96 102 92 89
Profit before tax 21 67 11 1 17 62 -152 -158 -132 -32 -24 -139
Tax % 45% 37% 43% 109% 147% 111% 16% 24% 26% 22% 1% 25%
Net Profit 12 42 6 -0 -8 -7 -127 -120 -98 -25 -24 -105
EPS in Rs 1.08 3.81 0.59 -0.01 -0.75 -0.60 -11.63 -10.99 -8.93 -2.30 -2.20 -9.59

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
1,536 2,287 2,910 3,119 3,718 4,217 4,595 3,757 3,697 3,578 3,464 1,749 1,899
1,430 2,158 2,806 3,022 3,583 3,948 4,415 3,629 3,546 3,332 2,912 1,705 1,812
Operating Profit 106 129 104 97 135 269 180 128 151 246 552 44 87
OPM % 7% 6% 4% 3% 4% 6% 4% 3% 4% 7% 16% 3% 5%
Other Income 10 5 7 5 4 13 28 18 232 18 24 224 182
Interest 25 30 42 55 65 78 85 86 38 14 197 223 218
Depreciation 38 47 61 79 98 125 130 119 115 141 450 392 379
Profit before tax 52 57 8 -31 -25 78 -7 -58 231 110 -72 -347 -328
Tax % 31% 68% 415% -72% -105% 37% -482% -35% 8% 41% -98% 23%
Net Profit 36 43 19 -11 -8 42 2 -37 244 65 -142 -267 -252
EPS in Rs 4.13 4.23 1.85 -1.09 -0.80 4.09 0.23 -3.59 22.34 5.94 -12.98 -24.43 -23.02
Dividend Payout % 15% 14% 33% -56% -75% 15% 260% -17% 3% 10% 0% 0%
Compounded Sales Growth
10 Years:-3%
5 Years:-18%
3 Years:-22%
TTM:-29%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:0%
Stock Price CAGR
10 Years:-2%
5 Years:-4%
3 Years:-17%
1 Year:69%
Return on Equity
10 Years:-2%
5 Years:-5%
3 Years:-23%
Last Year:-287%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
35 41 41 41 42 42 42 42 44 44 44 55
Reserves 216 460 475 459 449 487 473 437 860 871 23 65
Borrowings 229 263 436 498 645 751 829 885 125 74 2,247 2,106
295 397 455 535 641 702 688 692 758 1,486 1,768 1,347
Total Liabilities 775 1,161 1,406 1,534 1,777 1,981 2,032 2,056 1,788 2,476 4,081 3,572
301 587 715 741 860 903 907 922 673 615 1,901 1,721
CWIP 28 43 32 32 37 28 33 20 18 35 44 3
Investments 40 0 0 0 0 0 39 20 282 258 191 128
406 532 659 761 881 1,051 1,053 1,094 814 1,567 1,945 1,721
Total Assets 775 1,161 1,406 1,534 1,777 1,981 2,032 2,056 1,788 2,476 4,081 3,572

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
78 138 -5 87 88 111 155 64 298 202 576 -3
-58 -189 -172 -122 -208 -162 -172 -111 -35 -125 -284 -24
-33 60 172 47 118 45 10 -10 -171 -63 -433 167
Net Cash Flow -13 9 -6 12 -2 -6 -6 -57 92 13 -141 140

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 3 3 3 4 5 9 4 6 5 5 4 6
Inventory Days 64 64 65 65 67 69 74 90 57 188 225 290
Days Payable 103 70 63 66 65 64 63 76 84 224 277 391
Cash Conversion Cycle -36 -2 6 2 6 14 15 19 -21 -31 -48 -94
Working Capital Days 25 -9 -3 -4 -5 4 3 2 -18 -14 -26 -37
ROCE % 16% 14% 6% 3% 4% 13% 6% 3% 4% 12% 8% -5%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
63.68 63.68 63.68 63.71 63.72 63.86 63.86 63.86 63.86 65.46 65.46 65.46
11.85 11.75 10.39 7.03 6.92 6.95 6.96 6.73 6.58 5.58 5.76 5.76
12.46 12.93 14.48 18.19 22.93 22.81 21.13 20.78 19.35 19.67 19.93 19.93
12.02 11.65 11.45 11.07 6.43 6.38 8.05 8.63 10.21 9.29 8.85 8.85

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