Spencers Retail Ltd

Spencers Retail Ltd

₹ 91.3 0.44%
28 Mar - close price
About

Spencer’s Retail Limited was incorporated as RP-SG Retail Limited, It is a part of RP-Sanjiv Goenka Group and a multi-format retailer providing a range of quality products across diverse categories including food, personal care, fashion, home essentials, electrical, and electronics. [1]

Key Points

Brand Reputation
In 1920, it was the first grocery chain in India.
In 1980, it became the first supermarket chain.
In 2001, it was the first to introduce hypermarkets in India in Hyderabad. [1]
In 2018, it became the first omni-channel grocery retailer in India with the launch of an online shopping portal. [2]
The Company established a differentiated recall through specialty sections comprising Spencer’s Gourmet, Patisserie, Wine, Liquor, and Epicuisine, and Natures Basket comprises L’Exclusif, Natures, and Healthy Alternatives. [3]

  • Market Cap 823 Cr.
  • Current Price 91.3
  • High / Low 139 / 51.5
  • Stock P/E
  • Book Value -0.83
  • Dividend Yield 0.00 %
  • ROCE -5.37 %
  • ROE -85.4 %
  • Face Value 5.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -44.1% over last 3 years.
  • Earnings include an other income of Rs.19.4 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Retail Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
586 518 472 507 544 476 555 581 563 482 503 499 570
572 512 470 496 533 484 549 578 565 484 509 507 564
Operating Profit 13 6 3 11 11 -7 6 3 -2 -3 -6 -8 6
OPM % 2% 1% 1% 2% 2% -2% 1% 1% -0% -1% -1% -2% 1%
13 21 21 8 18 21 18 5 3 4 7 3 6
Interest 19 20 17 19 20 20 20 22 23 26 26 29 31
Depreciation 28 31 23 23 25 22 24 24 26 23 26 23 22
Profit before tax -21 -24 -17 -22 -17 -28 -20 -37 -48 -48 -52 -57 -41
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-21 -24 -17 -22 -17 -28 -20 -37 -48 -48 -52 -57 -41
EPS in Rs -2.30 -2.70 -1.88 -2.46 -1.89 -3.15 -2.24 -4.13 -5.28 -5.34 -5.74 -6.28 -4.55
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,149 2,187 2,373 2,069 2,000 2,180 2,054
1,148 2,173 2,294 2,069 1,981 2,175 2,064
Operating Profit 0 14 79 -0 18 5 -11
OPM % 0% 1% 3% -0% 1% 0% -1%
9 28 30 47 67 29 19
Interest 4 7 61 69 76 91 112
Depreciation 15 25 105 106 94 97 94
Profit before tax -9 10 -57 -128 -85 -153 -197
Tax % 0% 18% 0% 0% 0% 0%
-9 8 -57 -128 -85 -153 -197
EPS in Rs 0.88 -6.33 -14.19 -9.38 -17.00 -21.91
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: -3%
TTM: -6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -48%
Stock Price CAGR
10 Years: %
5 Years: -10%
3 Years: 9%
1 Year: 73%
Return on Equity
10 Years: %
5 Years: -22%
3 Years: -44%
Last Year: -85%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 40 40 40 45 45 45 45
Reserves 550 557 355 299 212 57 -53
Preference Capital 1 0 0 0 0 0
0 0 644 765 878 1,088 1,194
331 365 379 341 362 363 416
Total Liabilities 921 962 1,418 1,451 1,497 1,553 1,602
234 259 659 687 660 723 733
CWIP 0 1 9 2 6 2 2
Investments 55 77 316 353 478 492 509
632 625 434 409 353 336 357
Total Assets 921 962 1,418 1,451 1,497 1,553 1,602

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-43 -8 107 -2 63 29
-236 16 -64 -47 -98 -35
82 -0 -11 42 -4 4
Net Cash Flow -197 9 32 -7 -39 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 12 8 9 6 5 3
Inventory Days 109 57 45 52 52 47
Days Payable 122 66 60 60 66 62
Cash Conversion Cycle -1 -1 -6 -3 -10 -11
Working Capital Days -1 -2 -10 -7 -12 -12
ROCE % 3% -0% -6% -1% -5%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
56.51% 56.51% 58.81% 58.81% 58.81% 58.81% 58.81% 58.81% 58.81% 58.81% 58.81% 58.81%
5.25% 5.68% 5.92% 7.61% 7.35% 7.60% 7.87% 7.98% 8.35% 8.45% 8.45% 8.84%
2.54% 2.44% 3.00% 3.01% 3.00% 3.00% 2.98% 2.37% 2.37% 2.37% 2.37% 1.99%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
35.70% 35.36% 32.12% 30.43% 30.69% 30.45% 30.17% 30.68% 30.31% 30.21% 30.21% 30.20%
0.00% 0.00% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13%
No. of Shareholders 68,33269,12862,90562,33663,86363,08562,52161,31860,22658,66057,35851,018

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls