Spencers Retail Ltd

Spencers Retail Ltd

₹ 120 1.26%
23 Feb - 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 1,083 Cr.
  • Current Price 120
  • High / Low 139 / 51.4
  • Stock P/E
  • Book Value -31.7
  • Dividend Yield 0.00 %
  • ROCE -8.23 %
  • ROE %
  • Face Value 5.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.27.3 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

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
672 592 552 582 624 542 621 649 639 543 570 574 654
658 585 545 569 610 552 615 648 640 546 575 581 642
Operating Profit 14 7 7 13 14 -10 6 2 -1 -3 -5 -7 12
OPM % 2% 1% 1% 2% 2% -2% 1% 0% -0% -0% -1% -1% 2%
14 24 23 13 19 23 18 5 3 6 12 3 6
Interest 24 27 22 24 26 25 26 27 30 33 34 36 38
Depreciation 34 38 32 30 34 31 32 33 34 32 38 31 32
Profit before tax -30 -35 -24 -29 -27 -43 -34 -54 -62 -61 -64 -70 -51
Tax % 0% 0% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-30 -35 -24 -29 -27 -42 -34 -54 -62 -61 -64 -70 -51
EPS in Rs -3.29 -3.83 -2.61 -3.18 -2.97 -4.71 -3.73 -5.97 -6.85 -6.79 -7.12 -7.78 -5.68
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,149 2,187 2,645 2,428 2,300 2,453 2,342
1,153 2,178 2,587 2,420 2,275 2,448 2,344
Operating Profit -4 9 57 8 25 4 -2
OPM % -0% 0% 2% 0% 1% 0% -0%
9 28 32 53 76 32 27
Interest 4 7 82 91 97 115 140
Depreciation 15 25 138 134 126 132 132
Profit before tax -14 4 -131 -164 -122 -211 -247
Tax % 0% 43% 0% 0% 0% 0%
-14 2 -131 -164 -121 -210 -247
EPS in Rs 0.27 -14.51 -18.18 -13.48 -23.34 -27.37
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: -2%
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -23%
TTM: -29%
Stock Price CAGR
10 Years: %
5 Years: -3%
3 Years: 15%
1 Year: 95%
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 Sep 2023
Equity Capital 0 40 40 45 45 45 45
Reserves 507 508 234 141 17 -196 -331
Preference Capital 1 0 0 0 0 0
0 0 849 944 1,069 1,341 1,445
373 365 471 429 435 439 487
Total Liabilities 881 914 1,594 1,559 1,565 1,629 1,646
239 263 1,055 1,053 1,049 1,132 1,128
CWIP 0 1 10 3 8 2 3
Investments 7 23 24 35 94 94 88
635 627 505 468 415 401 427
Total Assets 881 914 1,594 1,559 1,565 1,629 1,646

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-48 -13 114 -2 55 27
-189 22 -7 -18 -40 -26
38 -0 -54 -3 -54 -5
Net Cash Flow -199 9 53 -24 -40 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 12 7 9 4 4 3
Inventory Days 109 57 44 51 52 49
Days Payable 123 66 66 63 67 64
Cash Conversion Cycle -2 -1 -13 -8 -10 -12
Working Capital Days -1 -2 -15 -10 -12 -11
ROCE % 2% -6% -7% -2% -8%

Shareholding Pattern

Numbers in percentages

8 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