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Shoppers Stop Limited (SHOPERSTOP) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹46.4B (≈ $492M) · ISIN INE498B01024

What is Shoppers Stop Limited really worth?

SS Shoppers Stop Limited SHOPERSTOP · BSE
Price₹382.65
Fair Value₹352.33
Upside−7.9%
Quality48/100

Below-average quality, currently priced close to our fair value of ₹352.33.

As of Aug 24, 2026, the fair value of Shoppers Stop Limited is ₹352.33 per share against a price of ₹382.65, so the fair value sits 8% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +22.3 %/yr)
!Loss-making · -0.7% net margin
!Narrow moat 18/100
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range ₹259.19 – ₹445.47

Fair value as of: Aug 24, 2026

From 16 valuation models · updated 13 days ago

Share price −6.0% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

₹913.70 ₹198.95 Fair Value ₹352.33 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.

How to read this chart

60‑month range ₹198.95 – ₹913.70 · fair‑value band ₹259.19 – ₹445.47 · the ₹382.65 price screens above the ₹352.33 fair value. Dashed = 300-day average. As of Aug 24, 2026.

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Analysis

Shoppers Stop Limited (SHOPERSTOP) currently trades at ₹382.65, while our model-based Fair Value estimate is ₹352.33, implying the stock looks roughly 8.6% fairly valued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of ₹720.32 per share, and 9 of the 16 models we run sit above the ₹382.65 price. Bear case: the Earnings-Based group reads lowest at ₹183.27, and 7 of the 16 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Shoppers Stop Limited generated revenue of ₹51.7B at a net margin of −0.7%. Revenue grew 11.2% year over year. It earns a return on equity of −11.8%. Net debt stands at ₹2.2B. Fundamentals as of Aug 24, 2026

Our scenario range runs from ₹259.19 (bear case) to ₹445.47 (bull case); at ₹382.65, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −15% fair-value upside, at −8%, SHOPERSTOP screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence ₹789.20 ₹1,379 ₹2,373 78
Growth DCF ₹788.25 ₹1,342 ₹2,260 76
Owner Earnings ₹411.59 ₹720.32 ₹1,241 74
All 16 models by family
DCF Models
FCF DCF best evidence ₹789.20 ₹1,379 ₹2,373 78
Owner Earnings ₹411.59 ₹720.32 ₹1,241 74
5Y Revenue Exit ₹380.23 ₹550.10 ₹761.00 73
5Y EBITDA Exit ₹642.21 ₹1,078 ₹1,608 74
10Y Revenue Exit ₹507.41 ₹710.54 ₹984.75 67
10Y EBITDA Exit ₹685.72 ₹1,092 ₹1,678 67
Earnings-Based
EPV ₹156.63 ₹183.27 ₹206.58 74
Dividend Discount
Gordon GGM ₹5.50 ₹11.43 ₹18.14 66
DDM Multi-Stage ₹5.50 ₹9.64 ₹12.00 66
Multiples
EV/EBIT ₹276.24 ₹369.38 ₹462.53 66
EV/EBITDA ₹624.66 ₹833.95 ₹1,043 67
EV/Revenue ₹185.17 ₹265.89 ₹346.62 53
Asset-Based
NCAV (Graham) ₹13.20 ₹17.69 ₹26.41 54
Growth DCF
Growth DCF ₹788.25 ₹1,342 ₹2,260 76
Rev-Margin DCF ₹380.23 ₹557.31 ₹782.61 73
Economic Profit
ROIC Compounder ₹168.53 ₹211.78 ₹260.32 72

Widest divergence: DCF Models (₹720.32) versus Dividend Discount (₹9.64). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/S ratio 0.90 TTM
EPS (TTM) ₹−3.33
Dividend yield 0.1%
Net margin −0.8% FY2026
Return on equity −11.8% TTM
Return on assets (EBIT) 3.6% avg 5y
More key figures
Profitability
Operating margin 3.8% TTM
Growth
Revenue (TTM) ₹51.7B TTM
Revenue growth (YoY) +11.2% 3y avg +6.0%
EPS growth (YoY) −69.1%
Balance sheet & cash flow
Free cash flow ₹7.0B FY2026
Net debt ₹2.2B FY2026 · ≈ 0.3 yrs of FCF

Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 48

Profitability 26
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Shoppers Stop Limited engages in the retail of various household and consumer products through retail and departmental stores in India.

Full company description

Shoppers Stop Limited engages in the retail of various household and consumer products through retail and departmental stores in India. The company operates Shoppers Stop stores that provide apparels for men, women, and kids; accessories, bags and wallets, grooming, watches, sunglasses and frames, jewellery, and footwear; and beauty products, such as make up, skincare, bath and body, nails, haircare, and fragrances products, as well as tools and accessories; and HomeStop stores, which offer kitchen and dining, décor, home furnishing, storage and organization, smart home and appliances, bath accessories, and bedding products. It also operates Crossword bookstores; and retails various consumer products through online channels and mobile applications. Shoppers Stop Limited was founded in 1991 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Shoppers Stop Limited reported revenue of ₹47.9B in FY2026 versus ₹24.9B in FY2022, a compound +17.7%/yr. Reported net income was −₹361M in FY2026.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹47.9B
Latest YoY
+9.9%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.0%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.3%
Avg. revenue growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.3%
EBIT margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−19.9% (2021) → 4.8% (2026)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Revenue +17.7%/yr
FY22 ₹24.9B
FY23 ₹40.2B
FY24 ₹40.5B
FY25 ₹43.6B
FY26 ₹47.9B
Net income
FY22 −₹470M
FY23 ₹1.2B
FY24 ₹773M
FY25 ₹109M
FY26 −₹361M

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Cite: Fair Value Calculator (2026). "Shoppers Stop Limited Fair Value". https://www.fairvalue-calculator.com/stock/SHOPERSTOP.BSE

Peer Group

Department Stores · 119 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 48 · Below median
Fair Value upside −8% · Above median
Return on assets 2% · Above median
Net margin (TTM) −1% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 11% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Department Stores median · lower = cheaper

P/B 0.17× · Cheaper than 75% of peers
P/S (TTM) 0.01× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
PEG 1.89× · Pricier than median

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Department Stores stocks, each showing price versus our Fair Value estimate (as of Aug 24, 2026).

Stock Price Fair Value vs Fair Value
Falabella S.A FALABELLA 6,380 CLP 8,005 CLP +25%
Dillard's, Inc DDS $630.71 $536.21 −15%
99 Speed Mart Retail Holdings 5326 3.65 MYR 1.59 MYR −56%
Cencosud S.A CENCOSUD 1,949 CLP 2,425 CLP +24%
Macy's, Inc M $21.93 $42.68 +95%
Vishal Mega Mart Limited VMM ₹107.00 ₹30.46 −72%
Central Retail Corporation CRC 27.50 THB 20.89 THB −24%
SHINSEGAE Inc 004170 424,000 KRW 177,841 KRW −58%
Lotte Shopping Co 023530 96,700 KRW 76,636 KRW −21%
PT Daya Intiguna Yasa Tbk MDIY 940.00 IDR 968.76 IDR +3%

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Frequently asked questions

Is Shoppers Stop Limited (SHOPERSTOP) overvalued or undervalued?
As of Aug 24, 2026, our model estimates a fair value of ₹352.33 versus a price of ₹382.65, about −8% upside (fairly valued).
What is the fair value of SHOPERSTOP?
Our model-based fair value for Shoppers Stop Limited is ₹352.33 (as of Aug 24, 2026), built from audited fundamentals. The current price: ₹382.65.
What is the quality score of SHOPERSTOP?
Shoppers Stop Limited has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Shoppers Stop Limited (SHOPERSTOP)?
Our model-based price target is the fair value of ₹352.33 (as of Aug 24, 2026) from 16 valuation models. Cautious scenario ₹259.19, optimistic scenario ₹445.47. It is a calculation from audited fundamentals, not an analyst target.
What is the Shoppers Stop Limited stock forecast for 2026?
Our models put fair value at ₹352.33, about −8% upside versus a price of ₹382.65 (fairly valued). Cautious scenario ₹259.19, optimistic scenario ₹445.47. The calculation is refreshed regularly with new filings.
What is the revenue of Shoppers Stop Limited (SHOPERSTOP)?
Shoppers Stop Limited reported trailing-twelve-month revenue of about ₹51.7B (latest available figure, as of Aug 24, 2026).
What is the net profit margin of SHOPERSTOP?
The net profit margin of Shoppers Stop Limited is about −0.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Shoppers Stop Limited pay a dividend?
Shoppers Stop Limited currently shows a dividend yield of about 0.14% relative to its recent price (as of Aug 24, 2026).
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