SHOPPERS STOP Ltd (SHOPERSTOP) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.29%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 1.9%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: -6.4%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹352.23

200-Day DMA ● Overlay

₹326.68

14-Day RSI ● Overlay

53 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹4,460 Cr

Mid cap

Stock P/E (TTM) Valuation

27.1x

Price / EPS

Book Value (₹) Assets

₹26.4

P/B: 15.3x

ROE (%) Quality

-6.4%

Net Profit / Equity

ROCE (%) Efficiency

7.0%

EBIT / Capital

Dividend Yield Yield

0.00%

Face Value: ₹10

Debt / Equity Solvency

11.40x

Manageable

EPS (TTM) Per Share

₹13.47

Trailing 12M

OPM (%) Spread

15.0%

EBITDA Margin

Free Cash Flow Cash

₹703.00 Cr

CFO - Capex

About SHOPPERS STOP Ltd

SHOPPERS STOP Ltd (SHOPERSTOP) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 10.8% × Turnover: 0.85x × Leverage: 12.4x = ROE: -6.37%

✓ Company Strengths (Pros)

• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company has a high debt-to-equity ratio of 11.40x.
• Stock is trading at a premium of 15.3x its book value.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹5,174 Cr

Latest PAT

-₹35.00 Cr

EPS (TTM)

₹13.47

OPM %

15.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹994.00 Cr	₹1,039 Cr	₹1,238 Cr	₹1,046 Cr	₹1,069 Cr	₹1,115 Cr	₹1,379 Cr	₹1,064 Cr	₹1,161 Cr	₹1,257 Cr	₹1,416 Cr	₹1,210 Cr	₹1,291 Cr
Operating Profit (EBITDA)	₹172.00 Cr	₹161.00 Cr	₹217.00 Cr	₹167.00 Cr	₹143.00 Cr	₹150.00 Cr	₹246.00 Cr	₹170.00 Cr	₹172.00 Cr	₹170.00 Cr	₹218.00 Cr	₹184.00 Cr	₹187.00 Cr
OPM %	17.0%	15.0%	18.0%	16.0%	13.0%	13.0%	18.0%	16.0%	15.0%	14.0%	15.0%	15.0%	15.0%
Interest Expense	₹54.00 Cr	₹55.00 Cr	₹59.00 Cr	₹58.00 Cr	₹61.00 Cr	₹65.00 Cr	₹65.00 Cr	₹70.00 Cr	₹73.00 Cr	₹73.00 Cr	₹72.00 Cr	₹72.00 Cr	₹74.00 Cr
Depreciation	₹105.00 Cr	₹108.00 Cr	₹111.00 Cr	₹112.00 Cr	₹117.00 Cr	₹122.00 Cr	₹130.00 Cr	₹125.00 Cr	₹129.00 Cr	₹134.00 Cr	₹133.00 Cr	₹144.00 Cr	₹138.00 Cr
Profit before Tax (PBT)	₹20.00 Cr	₹3.00 Cr	₹51.00 Cr	₹30.00 Cr	-₹32.00 Cr	-₹29.00 Cr	₹73.00 Cr	-₹5.00 Cr	-₹21.00 Cr	-₹27.00 Cr	₹20.00 Cr	-₹25.00 Cr	-₹19.00 Cr
Net Profit (PAT)	₹14.00 Cr	₹3.00 Cr	₹37.00 Cr	₹23.00 Cr	-₹23.00 Cr	-₹21.00 Cr	₹52.00 Cr	₹2.00 Cr	-₹16.00 Cr	-₹20.00 Cr	₹16.00 Cr	-₹16.00 Cr	-₹14.00 Cr
EPS in ₹	₹1.32	₹0.25	₹3.35	₹2.11	₹-2.07	₹-1.87	₹4.75	₹0.18	₹-1.43	₹-1.83	₹1.46	₹-1.48	₹-1.29

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹4,217 Cr	₹4,595 Cr	₹3,757 Cr	₹3,697 Cr	₹3,578 Cr	₹3,464 Cr	₹1,749 Cr	₹2,519 Cr	₹4,022 Cr	₹4,317 Cr	₹4,628 Cr	₹5,043 Cr	₹5,174 Cr
Expenses	₹3,948 Cr	₹4,415 Cr	₹3,629 Cr	₹3,546 Cr	₹3,332 Cr	₹2,912 Cr	₹1,705 Cr	₹2,249 Cr	₹3,327 Cr	₹3,600 Cr	₹3,919 Cr	₹4,299 Cr	₹4,414 Cr
Operating Profit	₹269.00 Cr	₹180.00 Cr	₹128.00 Cr	₹151.00 Cr	₹246.00 Cr	₹552.00 Cr	₹44.00 Cr	₹270.00 Cr	₹695.00 Cr	₹717.00 Cr	₹708.00 Cr	₹744.00 Cr	₹760.00 Cr
OPM %	6%	3.9%	3.4%	4.1%	7%	16%	2.5%	11%	17%	17%	15%	15%	15%
Interest	₹78.00 Cr	₹85.00 Cr	₹86.00 Cr	₹38.00 Cr	₹14.00 Cr	₹197.00 Cr	₹223.00 Cr	₹207.00 Cr	₹209.00 Cr	₹225.00 Cr	₹261.00 Cr	₹289.00 Cr	₹290.00 Cr
Depreciation	₹125.00 Cr	₹130.00 Cr	₹119.00 Cr	₹115.00 Cr	₹141.00 Cr	₹450.00 Cr	₹392.00 Cr	₹355.00 Cr	₹382.00 Cr	₹437.00 Cr	₹494.00 Cr	₹541.00 Cr	₹549.00 Cr
Profit before Tax	₹78.00 Cr	-₹7.00 Cr	-₹58.00 Cr	₹231.00 Cr	₹110.00 Cr	-₹72.00 Cr	-₹347.00 Cr	-₹98.00 Cr	₹159.00 Cr	₹104.00 Cr	₹7.00 Cr	-₹53.00 Cr	-₹51.00 Cr
Net Profit	₹49.00 Cr	-₹40.00 Cr	-₹78.00 Cr	₹214.00 Cr	₹65.00 Cr	-₹142.00 Cr	-₹267.00 Cr	-₹47.00 Cr	₹116.00 Cr	₹77.00 Cr	₹11.00 Cr	-₹36.00 Cr	-₹35.00 Cr
EPS in Rs	4.09	0.23	-3.59	22.34	5.94	-12.98	-24.43	-4.29	10.58	7.03	0.99	-3.28	-3.14

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹42.00 Cr	₹42.00 Cr	₹42.00 Cr	₹44.00 Cr	₹44.00 Cr	₹44.00 Cr	₹55.00 Cr	₹55.00 Cr	₹55.00 Cr	₹55.00 Cr	₹55.00 Cr	₹55.00 Cr
Reserves & Surplus	₹487.00 Cr	₹473.00 Cr	₹437.00 Cr	₹860.00 Cr	₹871.00 Cr	₹23.00 Cr	₹65.00 Cr	₹21.00 Cr	₹151.00 Cr	₹246.00 Cr	₹266.00 Cr	₹236.00 Cr
Borrowings (Debt)	₹751.00 Cr	₹829.00 Cr	₹885.00 Cr	₹125.00 Cr	₹74.00 Cr	₹2,247 Cr	₹2,106 Cr	₹2,115 Cr	₹2,375 Cr	₹2,785 Cr	₹3,314 Cr	₹3,317 Cr
Total Liabilities	₹1,981 Cr	₹2,032 Cr	₹2,056 Cr	₹1,788 Cr	₹2,476 Cr	₹4,081 Cr	₹3,516 Cr	₹3,783 Cr	₹4,603 Cr	₹5,294 Cr	₹6,095 Cr	₹6,291 Cr
Fixed Assets	₹903.00 Cr	₹907.00 Cr	₹922.00 Cr	₹673.00 Cr	₹615.00 Cr	₹1,901 Cr	₹1,721 Cr	₹1,723 Cr	₹2,097 Cr	₹2,582 Cr	₹2,971 Cr	₹3,030 Cr
Total Assets	₹1,981 Cr	₹2,032 Cr	₹2,056 Cr	₹1,788 Cr	₹2,476 Cr	₹4,081 Cr	₹3,516 Cr	₹3,783 Cr	₹4,603 Cr	₹5,294 Cr	₹6,095 Cr	₹6,291 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹111.00 Cr	₹155.00 Cr	₹64.00 Cr	₹298.00 Cr	₹202.00 Cr	₹576.00 Cr	-₹3.00 Cr	₹383.00 Cr	₹543.00 Cr	₹561.00 Cr	₹549.00 Cr	₹838.00 Cr
Cash from Investing (CFI)	-₹162.00 Cr	-₹172.00 Cr	-₹111.00 Cr	-₹35.00 Cr	-₹125.00 Cr	-₹284.00 Cr	-₹24.00 Cr	-₹102.00 Cr	-₹29.00 Cr	-₹111.00 Cr	-₹169.00 Cr	-₹129.00 Cr
Cash from Financing (CFF)	₹45.00 Cr	₹10.00 Cr	-₹10.00 Cr	-₹171.00 Cr	-₹63.00 Cr	-₹433.00 Cr	₹167.00 Cr	-₹270.00 Cr	-₹537.00 Cr	-₹479.00 Cr	-₹409.00 Cr	-₹675.00 Cr
Free Cash Flow (FCF)	-₹52.00 Cr	-₹17.00 Cr	-₹47.00 Cr	₹184.00 Cr	₹89.00 Cr	₹395.00 Cr	-₹85.00 Cr	₹276.00 Cr	₹399.00 Cr	₹388.00 Cr	₹369.00 Cr	₹703.00 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	9	4	6	5	5	4	6	5	3	7	5	6
Inventory Days	69	74	90	57	188	225	290	244	235	242	273	253
Cash Conversion Cycle (Days)	14	15	19	-21	-31	-48	-94	-101	-49	-34	-25	-37
ROCE %	13%	6%	3%	4%	12%	8%	-5%	4%	15%	12%	8%	7%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹205.72 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹365.00

DCF Fair Value

₹205.72

Graham Number

₹89.45

Margin of Safety

-58%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹205.72

Premium / Overvalued (Margin: -58%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹200	₹198	₹197	₹195
10%	₹204	₹202	₹200	₹198
12%	₹208	₹206	₹204	₹202
14%	₹211	₹209	₹208	₹206

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹206	Fairly Valued
Benjamin Graham Number	₹89	Market Priced
Historical Sector P/E	₹296	Premium
EV / EBITDA Multiplier	₹383	In-Line
Free Cash Flow Yield Model	₹358	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 3/9 (Caution / High Leverage)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

3 / 9 Pass

Altman Z-Score

2.33 (Grey Zone (Moderate Solvency))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 11.40x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 15.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

66.06%

FIIs (Foreign)

1.92%

DIIs (Domestic)

25.70%

Government

0.15%

Public / Retail

6.34%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	65.55%	65.55%	65.54%	65.58%	65.57%	65.54%	65.52%	65.52%	65.53%	65.70%	66.06%	66.06%
+ FIIs (Foreign Portfolio)	6.78%	6.85%	7.43%	7.43%	7.08%	3.32%	3.13%	3.09%	2.94%	2.79%	2.06%	1.92%
+ DIIs (Mutual Funds / Insurance)	21.57%	21.97%	22.17%	22.22%	22.67%	25.32%	25.51%	25.48%	25.58%	25.44%	25.45%	25.70%
+ Public (Retail & HNIs)	6.11%	5.64%	4.85%	4.78%	4.68%	5.81%	5.83%	5.91%	5.95%	6.06%	6.44%	6.34%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Diversified.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

SHOPERSTOP Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

SHOPERSTOP Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

SHOPERSTOP Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹467.20

Accelerated market share capture in Diversified, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹408.80

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 27x P/E.

🐻 Bear Case (15%) -12.0%

₹321.20

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Diversified)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:09 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ SHOPPERS STOP Ltd (SHOPERSTOP)	Target Stock	₹365.00	+0.29%	27.1x	-6.4%	7.0%	11.40	₹4,460 Cr
LIFE INSURA CORP OF INDIA (LICI)	Diversified Operations	₹400.00	+0.25%	8.3x	37.8%	35.1%	0.00	₹4.97 Lakh Cr
BSE Ltd (BSE)	Diversified Operations	₹3,906.00	+2.34%	43.9x	46.0%	60.0%	0.00	₹1.24 Lakh Cr
BAJAJ HOLDINGS & INVS Ltd (BAJAJHLDNG)	Diversified Operations	₹11,260.00	+2.91%	13.4x	11.9%	11.0%	0.00	₹1.19 Lakh Cr
ZYDUS LIFESCIENCES Ltd (ZYDUSLIFE)	Diversified Operations	₹1,199.50	-1.35%	23.5x	21.2%	21.1%	0.46	₹1.14 Lakh Cr
HDFC AMC Ltd (HDFCAMC)	Diversified Operations	₹2,715.00	+3.64%	33.6x	32.9%	42.9%	0.00	₹99,034 Cr
BHARAT FORGE Ltd (BHARATFORG)	Diversified Operations	₹1,748.60	+1.37%	90.7x	12.0%	12.6%	0.76	₹91,626 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:09:49 IST	✓ Live Sync
Financial Statements (10Y)	SHOPPERS STOP Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

Save to Your Watchlist

TickerPulse Academy

SHOPPERS STOP Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About SHOPPERS STOP Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Diversified)

Metric Explainer

Stock DNA Methodology

Document Title