Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Oct - Intimation of Newspaper Publication - Special Window for Transfer and dematerialisation of physical shares.
Source: Bse
Spencer's Retail Limited (SPENCERS)
Small CapConsumer stocks · Small cap · NSE
Spencer's Retail Limited operates in Supermarket, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹21.9
-1.01 · -4.41%
Market cap ₹241 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result13 Aug, 03:29 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage10/14 · 71%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
27Bearishfull bear SMA stack · SMA20 -7.9% / mo · RSI oversold · MACD − · near 52W low · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 22
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SPENCERSD candles · FIT view-33.9%Latest close ₹21.90 on 2026-10-19
Bar
-6.0%
RSI
28
MACD hist
-0.50
52W pos
2%
2026-10-19O ₹23.29H ₹23.29L ₹21.35C ₹21.90Vol 1.6L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SPENCERSNifty Consumer DurablesNifty 500
- SPENCERS
- -38.2%
- Nifty 500
- -5.6%
- Nifty Consumer Durables
- -9.7%
- Vs Nifty 500
- -32.7 pp
Chart stats
19 Oct 2026- From 52W high
- -61.3%
- 52W range position
- 2%
- ATR (14)
- 8.7%
- Volume vs 20D
- 1.04x
- Avg traded value
- ₹0.4 Cr
- 20D price channel
- ₹21.3 - ₹30.4
₹56.5
₹21.3 - ₹56.5
₹1.9
Latest completed session
20-session average
84.2% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED6
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average45
Revenue +12.7% · PAT NDF YoY
Technical
Bearish27
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence56
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 45/100Rev +13% YoY · margin expansion · +8% QoQ
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹469 Cr | +12.7% | +7.6% |
| EBITDA | ₹8 Cr | +214.3% | +214.3% |
| Operating margin | 1.6% | +320 bps | +320 bps |
| PAT | ₹-60 Cr | NDF | NDF |
| PAT margin | -12.8% | +211 bps | +235 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- —
- EV/EBITDA
- 18.68
- Market Cap
- 241.00Cr
Profitability
- ROE
- —
- ROCE
- -9.34%
- ROA
- -17.77%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -6.00%
- EPS 5Y
- -13.00%
- Revenue 3Y
- -10.00%
- EPS 3Y
- -8.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- 0.02×
- Altman Z
- 0.44
- Book Value
- -101.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 6/5
- OCF
- -60.00 Cr
- EPS TTM
- -27.54
Shareholding
- Promoter Hold
- 58.81%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 6%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 1,854+3.0% vs prev
Net Profit
₹ CrLatest: -249-1.2% vs prev
Return on Equity
%Latest: -195-121.3% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 28.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~8.5% over last month) — short-term momentum negative.
- RSI(14) at 28 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
4
RS percentile
Stage 4 Downtrend
1M return
-22.8%
3M return
-38.2%
6M return
-35.9%
1Y return
-58.2%
RS 1D
0
RS 20D
-5
Sector rank
#9
Industry rank
#22
Stage evidence
- Price is 32.6% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.0%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 41.82-3.42%
RS vs Nifty 50042
Valuation & peers
U-Score 6 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 6 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation2/30
Growth0/25
Quality0/20
Balance Sheet3/15
Cash Flow3/10
Piotroski
2/9 (+0)
Penalties
-2
Raw sum
6
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
6/100 · legacy band OVERVALUED
Positive drivers
- Cash flow contributes 3/10 to the score.
- Balance sheet contributes 3/15 to the score.
- Valuation contributes 2/30 to the score.
Main drags
- Altman Z is 0.4, in distress territory.
- Penalty bucket subtracts 2 points.
- Growth is weaker at 0/25; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
—
PB
—
EV/EBITDA
18.7
ROE
—
ROCE
-9.3%
FCF Yield
—
Debt/Equity
0.0
MoS
—
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
6
Previous: 6
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
6
6
6
6
6
6
6
6
6
6
6
6
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
3.3
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
OSIAHYPER
Small
Osia Hyper Retail Limited
Retail
match 82
48
2.1
6.6%
+95%
FAIR VALUE
DMART
Large
Avenue Supermarts Limited
Retail
match 68
35
70.0
12.9%
-108%
WATCHLIST
VMM
Mid
Vishal Mega Mart Limited
Retail
match 67
42
50.4
12.2%
-49%
WATCHLIST
SAKHTISUG
Small
Sakthi Sugars Limited
Retail
match 64
12
—
-59.4%
—
OVERVALUED
PAVNAIND
Small
Pavna Industries Limited
Retail
match 64
15
28.5
2.6%
-371%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Spencer's Retail Limited operates in Supermarket, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
56Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 18th percentile of the scored universe and 20th percentile within Consumer. Main check: financial discipline is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
90 docs text-extracted · 21 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
18th percentile
overall median 67 · Consumer: 20th pctile, median 66 · Small: 20th pctile, median 66
Evidence depth
Financial-only
90 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
48
watch · leverage and solvency
Discipline
40
weak · capital discipline
Results
55
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 58.8%.
- ▸Promoter pledge is zero.
- ▸6 years of positive FCF.
- ▸Debt/equity is 0.00.
Trust risks
- ▸Operating cash flow is negative at ₹-60 Cr.
- ▸Altman Z is 0.44.
- ▸Interest coverage is 0.0x.
- ▸ROCE is low at -9.3%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Spencer's Retail Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportSep 2026
Sep 2026 · Notice Calling The Ninth Annual General Meeting And The Annual Report For The FY 2025-26 14 Aug - Ninth AGM on September 11, 2026; annual report for FY2025-26 released.
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Aug - Newspaper Publication and completion of dispatch of the Notice of Ninth Annual General Meeting
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 14 Aug
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - Newspaper Publication of the extract of the Unaudited Financial Results for the quarter ended June 30, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Jun - Intimation of Newspaper Publication - Special Window for Transfer and dematerialisation of physical shares.
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.