Spencers Retail Ltd
Incorporated in 2017, Spencer’s Retail Ltd develops, conducts, and promotes organized retail. It operates departmental and neighborhood stores under various formats across the country[1]
- Market Cap ₹ 824 Cr.
- Current Price ₹ 90.9
- High / Low ₹ 139 / 73.6
- Stock P/E
- Book Value ₹ -60.6
- Dividend Yield 0.00 %
- ROCE -10.3 %
- ROE %
- Face Value ₹ 5.00
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.40% over past five years.
- Earnings include an other income of Rs.99.8 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 13m | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 1,149 | 2,187 | 2,645 | 2,428 | 2,300 | 2,453 | 2,345 | 2,267 | |
| 1,153 | 2,178 | 2,587 | 2,420 | 2,275 | 2,448 | 2,354 | 2,311 | |
| Operating Profit | -4 | 9 | 57 | 8 | 25 | 4 | -9 | -44 |
| OPM % | -0% | 0% | 2% | 0% | 1% | 0% | -0% | -2% |
| 9 | 28 | 32 | 53 | 76 | 32 | 23 | 100 | |
| Interest | 4 | 7 | 82 | 91 | 97 | 115 | 148 | 161 |
| Depreciation | 15 | 25 | 138 | 134 | 126 | 132 | 132 | 157 |
| Profit before tax | -14 | 4 | -131 | -164 | -122 | -211 | -267 | -263 |
| Tax % | 0% | 43% | -0% | -0% | -0% | -0% | -0% | |
| -14 | 2 | -131 | -164 | -121 | -210 | -266 | -262 | |
| EPS in Rs | 0.27 | -14.51 | -18.18 | -13.48 | -23.34 | -29.53 | -29.12 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | -1% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -25% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | -6% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 40 | 40 | 45 | 45 | 45 | 45 | 45 |
| Reserves | 507 | 508 | 234 | 141 | 17 | -196 | -461 | -591 |
| 1 | 0 | 849 | 944 | 1,069 | 1,341 | 1,622 | 1,535 | |
| 373 | 365 | 471 | 429 | 435 | 439 | 490 | 449 | |
| Total Liabilities | 881 | 914 | 1,594 | 1,559 | 1,565 | 1,629 | 1,696 | 1,437 |
| 239 | 263 | 1,055 | 1,053 | 1,049 | 1,132 | 1,211 | 962 | |
| CWIP | 0 | 1 | 10 | 3 | 8 | 2 | 1 | 1 |
| Investments | 7 | 23 | 24 | 35 | 94 | 94 | 56 | 71 |
| 635 | 627 | 505 | 468 | 415 | 401 | 428 | 403 | |
| Total Assets | 881 | 914 | 1,594 | 1,559 | 1,565 | 1,629 | 1,696 | 1,437 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| -48 | -13 | 114 | -2 | 55 | 27 | 35 | |
| -189 | 22 | -7 | -18 | -40 | -26 | 11 | |
| 38 | -0 | -54 | -3 | -54 | -5 | -28 | |
| Net Cash Flow | -199 | 9 | 53 | -24 | -40 | -4 | 18 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 12 | 7 | 9 | 4 | 4 | 3 | 4 |
| Inventory Days | 109 | 57 | 44 | 51 | 52 | 49 | 52 |
| Days Payable | 123 | 66 | 66 | 63 | 67 | 64 | 75 |
| Cash Conversion Cycle | -2 | -1 | -13 | -8 | -10 | -12 | -19 |
| Working Capital Days | -1 | -2 | -15 | -10 | -12 | -11 | -18 |
| ROCE % | 2% | -6% | -7% | -2% | -8% | -10% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Dec - Certificate under SEBI regulations for November 2024.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
28 Nov - Intimation of lost share certificate by shareholder.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
11 Nov - Transcripts of the Q2 (FY24-25) Post Results Earnings Conference Call
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Nov - Newspaper Publication of the extract of Un-audited Financial Results for the quarter and half year ended on September 30, 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
6 Nov - Audio recording of Q2 earnings conference call.
Annual reports
Concalls
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jul 2024TranscriptNotesPPT
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Jul 2024TranscriptNotesPPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023TranscriptNotesPPT
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Sep 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Sep 2020Transcript PPT
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Sep 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Jan 2019TranscriptNotesPPT
Business Overview:[1]
SRL, part of the RP-Sanjiv Goenka Group, is a multi-format retailer offering a diverse range of products including FMCG, fashion, food, staples, general merchandise, personal care, home essentials, electricals, and electronics. Its specialty sections include Spencer’s Gourmet, Patisserie, Wine & Liquor, Epicuisine, and L'exclusif for healthy alternatives. Currently, Spencer’s (including Nature's Basket) operates 167 stores spanning 13.71 lakh square feet across 41 cities in India.