Spencers Retail Ltd

Spencers Retail Ltd

₹ 94.2 -5.80%
07 Oct - close price
About

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]

Key Points

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.

  • Market Cap 849 Cr.
  • Current Price 94.2
  • High / Low 139 / 63.0
  • Stock P/E
  • Book Value -46.1
  • 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.41.8 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.

Peer comparison

Sector: Retail Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
552 582 624 542 621 649 639 543 570 574 654 547 548
545 569 610 552 615 648 640 546 575 581 642 559 547
Operating Profit 7 13 14 -10 6 2 -1 -3 -5 -7 12 -12 1
OPM % 1% 2% 2% -2% 1% 0% -0% -0% -1% -1% 2% -2% 0%
23 13 19 23 18 5 3 6 12 3 6 4 28
Interest 22 24 26 25 26 27 30 33 34 36 38 41 43
Depreciation 32 30 34 31 32 33 34 32 38 31 32 32 30
Profit before tax -24 -29 -27 -43 -34 -54 -62 -61 -64 -70 -51 -81 -44
Tax % -1% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
-24 -29 -27 -42 -34 -54 -62 -61 -64 -70 -51 -81 -43
EPS in Rs -2.61 -3.18 -2.97 -4.71 -3.73 -5.97 -6.85 -6.79 -7.12 -7.78 -5.68 -8.95 -4.82
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 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 2,323
1,153 2,178 2,587 2,420 2,275 2,448 2,354 2,329
Operating Profit -4 9 57 8 25 4 -9 -6
OPM % -0% 0% 2% 0% 1% 0% -0% -0%
9 28 32 53 76 32 23 42
Interest 4 7 82 91 97 115 148 157
Depreciation 15 25 138 134 126 132 132 125
Profit before tax -14 4 -131 -164 -122 -211 -267 -246
Tax % 0% 43% -0% -0% -0% -0% -0%
-14 2 -131 -164 -121 -210 -266 -245
EPS in Rs 0.27 -14.51 -18.18 -13.48 -23.34 -29.53 -27.23
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: 7%
3 Years: -11%
1 Year: 41%
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
Equity Capital 0 40 40 45 45 45 45
Reserves 507 508 234 141 17 -196 -461
1 0 849 944 1,069 1,341 1,622
373 365 471 429 435 439 490
Total Liabilities 881 914 1,594 1,559 1,565 1,629 1,696
239 263 1,055 1,053 1,049 1,132 1,211
CWIP 0 1 10 3 8 2 1
Investments 7 23 24 35 94 94 56
635 627 505 468 415 401 428
Total Assets 881 914 1,594 1,559 1,565 1,629 1,696

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%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
58.81% 58.81% 58.81% 58.81% 58.81% 58.81% 58.81% 58.81% 58.81% 58.81% 58.81% 58.81%
5.92% 7.61% 7.35% 7.60% 7.87% 7.98% 8.35% 8.45% 8.45% 8.84% 9.38% 8.32%
3.00% 3.01% 3.00% 3.00% 2.98% 2.37% 2.37% 2.37% 2.37% 1.99% 1.99% 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%
32.12% 30.43% 30.69% 30.45% 30.17% 30.68% 30.31% 30.21% 30.21% 30.20% 29.65% 30.72%
0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13%
No. of Shareholders 62,90562,33663,86363,08562,52161,31860,22658,66057,35851,01849,19049,192

* 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.

Click on the line-items to see the names of individual entities.

Documents

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