Shoppers Stop Share Price

1. For the quarter ended on June 30, 2018, Shoppers Stop Limited reported a total standalone income of Rs.833.7 crore. In comparison to the March quarter, the company's revenues have dropped marginally by close to Rs.20 crore while with respect to the same quarter of the previous fiscal year, the fall has been of more than 10%.
2. Considering the profitability of the company, Shoppers Stop Limited reported its profit before tax to be at Rs.15.2 crore, as against a loss of Rs.6.1 crore reported as on June 30, 2017. However, with respect to the March quarter, the company's profit has dropped by more than 35%.
3. The company reported its net profit to be at Rs.9.77 crore, in comparison to a net profit of Rs.20.7 crore reported for the quarter ended on March 31, 2018. On a YoY basis, the company's basic earnings per share (EPS) moved up from negative Rs.0.45 to Rs.1.11.

Shoppers Stop Limited Stock Trends in 2018

1. 2018 has been a volatile year for the stakeholders of Shoppers Stop Limited. The scrip commenced the month of January 2018 at levels close to Rs.560. Over the course of the month, the scrip lost a little under 10% to end the month at Rs.517.70 on the NSE.
2. Over the course of February, the stock price of Shoppers Stop gained marginally to cross the Rs.530 mark. A similar run was seen through most of March as well, up until the last month when the shares lost their recently earned gains to descend into the Rs.510 region.
3. The month of April was a positive one for the investors as the scrip bounced back to cross the Rs.550 mark. Through most of April and May, the shares were traded at levels close to Rs.550. Things didn't change considerably in June and July either, as the scrip maintained its position close to the mark. In the same period, the company announced a final dividend of 15%.
4. In late August, the share price of Shoppers Stop Limited incurred a massive spike owing to a dramatic increase in share volume. The scrip abruptly gained close to 20% and in September, it reached its 52-week high at Rs.689.25 on the NSE. However, this meteoric surge in the stock price was soon followed by a greater nosedive towards the end of the month.
5. After trading at levels close to Rs.650, the scrip lost as much as 30% to descend into the Rs.450 region. In fact, the shares managed to hit their 52-week low at Rs.453.25 after that monumental rise in the price. As of mid-October, the Shoppers Stop Limited shares were seen trading at levels close to Rs.450.

Shoppers Stop Limited Stock Trends in 2016 and 2017

1. At the start of January 2016, the Shoppers Stop Limited shares were trading at levels close to Rs.400 on the NSE. Over the course of the first three months, the scrip lost a little over 10% to touch the Rs.350 mark. The closing price of the shares on March 31, 2016, was Rs.363.25 and in the same period, the company announced an interim dividend of 15%.
2. Through the months of April, May, and June, the stock price didn't vary a lot. Its maintained its heading at levels close to Rs.365 without undergoing any massive losses or spikes. A very similar trend was seen through the third quarter of the calendar year as well, with the shares staying buoyant at levels above Rs.375.
3. Up until late October, things were looking rather bleak with the scrip retaining its position above the Rs.370 mark. Post demonetisation in November, the shares lost more than 25% to descend below the Rs.300 mark. Things stayed that way for the remainder of the year with the closing price of the scrip on December 28, 2016, being Rs.273.55.
4. 2017 started on a rather uneventful note for the investors. All the way from January, through the month of March, the scrip gained steadily to reach its previous levels above the Rs.350 mark. It is worth mentioning that most of these gains were made in March itself. The month of April went by along the same lines with the stock price of Shoppers Stop maintaining its position above the Rs.370 mark.
5. In May, the Shoppers Stop Limited share price went down by a little over 15% to retreat back to their previous levels above Rs.305. However, by July, the shares had managed to bounce back and once again, move past the Rs.350 mark. In the same month, the company announced a final dividend of 15%.
6. In mid-August, the shares were trading at levels close to Rs.330. Over the course of September, the shares gained more than 35% to cross the Rs.450 mark. The scrip continued to soar through the month of October as well and by that time, the shares had crossed the Rs.500 mark. There were also a couple of instances when the scrip ascended into the Rs.600 region, only to retreat back to its previous levels.
7. The Shoppers Stop shares ended the year on a positive note at Rs.560.35 on the NSE.

Should You Invest in Shoppers Stop Limited Shares?

1. Shoppers Stop Limited is an Indian departmental store chain that is known for its comprehensive range of products offered across clothing, cosmetics, fragrance, decor, home furnishing, and footwear segments. The company offers national and international brands across all its stores and also owns Crosswords Bookstores Limited, Upasana Trading Limited, Gateway Multichannel Retail India Limited, and ShoppersStop.Com India Limited.
2. For the year ended on March 31, 2018, the company reported its consolidated income to be at Rs.3,713.2 crore as against Rs.3,788.1 crore. On a YoY basis, the company's expenses dropped down marginally by a little over Rs.100 crore. However, it managed to report a profit after tax of Rs.214.4 crore, as against a loss of Rs.78.37 crore reported for the previous fiscal year.
3. It is important to note that the company's profit was increased owing to exceptional gains recorded for the year. This stemmed from the company disposing of its 51% stake in the Hypercity Retail India Limited.
4. As for the company's consolidated non-current liabilities, they stood at Rs.44.61 crore as on March 31, 2018, as against Rs.370.95 crore reported for the previous fiscal year. As for the company's total assets, it dropped down from Rs.2,056.4 crore to Rs.1787.6 crore, YoY.
5. Considering the performance of the stock, it had a phenomenal run in 2017. The scrip commenced the year trading at levels close to Rs.295 on the NSE and by the end of the year, the same had moved up to deliver exponential gains of more than 80%. The stocks have had a decent run in 2018 as well - they have managed to retain their momentum at levels above Rs.500 for most of the year. In September, the shares even soared to reach their 52-week high at Rs.689.25, before plummeting sharply to reach its 52-week low at Rs.453.25 in October.
6. In the retail sector, there are superior companies like Avenue Supermarts, Aditya Birla Fashion, and Trent that have reported better profits and boast of healthy margins. At the same time, the P/E ratio of Shoppers Stop is comparatively lesser than that of these companies, implying that the scrip may be undervalued. With that in mind, one may invest in this scrip although, caution is to be exercised. Furthermore, before investing in this stock, it is strongly recommended that you research thoroughly.

Company Information

Shoppers Stop Limited is an Indian departmental store chain headquartered in Mumbai, India. It is known for its diversified range of national and international brands available in clothing, accessories, fragrances, footwear, cosmetics, home furnishing, and decor segments. The company aims to serve as a one-stop destination those who are looking for international brands. As of 2018, Shoppers Stop Limited has a total of 83 stores across 38 cities in India.

History of the Company

Shoppers Stop Limited was formed in the year 1991 by the K. Raheja Group - a leading player in the hospitality and real estate sector. That year, the company opened its first store in Andheri and through 1991 to 1994, it focussed on boosting its product offering. In 1995, the company opened its second store in Bengaluru and in 1997, Shoppers Stop Limited was incorporated as a private company. Over the course of the next few years, the company continued to expand its operations by opening more stores in cities like Jaipur, Kolkata, Pune, Bhopal, Amritsar, et cetera. The company went public in 2005 its first Initial Public Offering (IPO) was oversubscribed no less than 17.25 times. In the same year, the company acquired Crossword, thus making it a wholly owned subsidiary of Shoppers Stop Limited.

Management of the Company

Mr. Rajiv Suri - Managing Director, Chief Executive Officer, Customer Care Associate

Mr. Rajiv Suri presently serves as the Chief Executive Officer of Shoppers Stop Limited - a post he has held since January 2018. In addition to this, he is also the Managing Director and Additional Director of the company. Prior to this, he was associated with Majid Al Futtaim - Fashion and over there, he served as the Chief Executive Officer. He has been a part of the retail sector for roughly 20 years now and during his tenure, he has worked with various reputed companies in Asia, the Middle East, and Europe. Some of these companies are A&F, Hollister, Allsaints, Burberry Middle East, Mexx Europe Holding, et cetera, and with them, he has worked towards growth, strategic development, and digitalisation. He holds two Post Graduate Diplomas (PGD) in Sales & Marketing Management and Business Management. He has also done a course in Strategic Retail Management from the Harvard Business School.

Mr. Robert Bready - Independent and Non-Executive Director

Mr. Robert Bready has been serving as the Independent and Non-Executive Director of Shoppers Stop Limited since 2018. Prior to this, he was associated with Koovs Plc where he served as the Chief Creative Officer, Brand Director, and Retail Director. Additionally, he also served as the Creative & Retail Director of Koovs Marketing Consulting Private Limited. He was also associated with ASOS Plc in the capacity of Executive Director where he was primarily responsible for overseeing product strategy and delivery in 140 countries. He finished his B.Sc. in Business Economics at the London University and entered the retail sector in 1992.

Mr. Karunakaran Mohanasundaram - Chief Financial Officer

Mr. Karunakaran Mohanasundaram presently serves as the Chief Financial Officer of Shoppers Stop Limited. He is a qualified Company Secretary and Chartered Accountant and has more than 25 years of experience in the retail, pharmaceutical, and manufacturing segment. Prior to his association with Shoppers Stop, he worked at Avon International as the Executive Director of Finance for the Asia Pacific Region. He is well versed with all the aspects of operating in developed and emerging markets. In addition to Avon, he has also worked with Heinz India Private Limited.

Shoppers Stop Limited Listings in NSE, BSE, and Stock Market Indices

The equity shares of Shoppers Stop Limited are available to the general public for trading on the country's two major bourses - the National Stock Exchange and the Bombay Stock Exchange. Here are the respective codes for the same:

1. NSE Code: SHOPPERSTOPEQ
2. BSE Code: 532638
3. ISIN: INE498B01024
4. Sector: Retail - Departmental Stores

As for the stock market indices, the company comprises the following:

1. Nifty 500
2. Nifty MidSmallCap 400
3. Nifty Smallcap 250
4. S&P BSE 250 SmallCap Index
5. S&P BSE AllCap
6. S&P BSE SmallCap

Registered Office

Shoppers Stop Limited

Umang Tower

5th Floor, Mindspace

Off Link Road

Malad West, Mumbai - 400064

Maharashtra, India

Contact number: +91-22-6129-0400

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The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.