Loading…
← CockpitCompetitor Analysis › SHOPERSTOP.NS Shoppers Stop LimitedOpen in the cockpit ↗

Shoppers Stop LimitedSHOPERSTOP.NSCompetitor analysis, valuation and peers

India · INR·Consumer Discretionary›Department Stores
Momentum neutral 42
Mkt cap
$428M
US dollars, full cap
Free float
34%
of shares outstanding
$/day
$5.17M
20-day average traded
Fwd P/E
210.3×
forward earnings
ROIC−WACC
-4.6 pp
WACC 9.2%
Hurdle
-7 pp
Req g minus delivered
Next earnings
76 days
21 Jan 2027
Close · INR₹365.90
1D+1.5%
1W+0.6%
1M-6.8%
3M-12.8%
6M+2.1%
YTD-4.9%
1Y-29.5%
ATR %5.1%
Beta0.97
52w lowhigh29.8% off high

What Shoppers Stop does

Employees: 9,684

Shoppers Stop at a glance

Size Shoppers Stop (SHOPERSTOP.NS) is an India Consumer Discretionary company (Department Stores) with a market value of $428M, the 910th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹365.90 on 6 Nov 2026.

Performance Over six months the shares gained 2.1%, against -13.7% for the median peer and 0.0% for the India market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 8.7% over the last twelve months (peer median -5.5%); the operating margin is 4.4% (peer median 3.1%).

Valuation It trades at 210.3× forward earnings against a peer median of 24.1× (most expensive of 6).

Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is -7 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 4.6 points below its cost of capital (9.2% WACC).

Next results Next results expected around 21 Jan 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026SHOPERSTOP.NS 102Peer median 86
Six months, rebased to 100: Shoppers Stop against the median of its 20 peers (local-currency closes).

Shoppers Stop financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹52.8B₹50.4B₹46.3B₹43.2B₹40.2B
Revenue growth—+9%+7%+7%—
Gross profit₹10.6B₹8.74B₹8.50B₹8.20B₹8.52B
EBITDA₹7.86B₹7.47B₹7.11B₹7.17B₹6.93B
Net income-₹114M-₹361M₹109M₹772M₹1.16B
Free cash flown/a₹6.78B₹3.50B₹1.62B₹1.91B
Capital expendituren/a₹1.39B₹1.82B₹1.76B₹1.46B
Total debt₹34.6B₹33.2B₹33.1B₹27.8B₹23.7B

Quarterly statements and history in the cockpit →

Shoppers Stop competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%-20%0%00071500256160085760071260028060085882446031016010100006792653002187452260600838000417600865000501SHOPERSTOP.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Shoppers Stop is the large dot.

Fundamentals: revenue growth against valuation

-10%-5%0%+5%+10%100×200×000715600858603101000417000501SHOPERSTOP.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shoppers Stop is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%0007156008570004196002806008588244603101600824452260600838000417SHOPERSTOP.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Shoppers Stop is the large dot.

Shoppers Stop competitors and peer comparison

How Shoppers Stop compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Shoppers Stop against its 20 peers (data as of 6 Nov 2026)
MeasureSHOPERSTOP.NSPeer medianRank in peer set
1-month return-6.8%-2.4%5th lowest of 21
6-month return+2.1%-13.7%5th highest of 21
Distance from 52-week high-29.8%-39.0%5th highest of 21
Revenue growth (TTM)+8.7%-5.5%3rd highest of 21
Operating margin4.4%3.1%11th highest of 21
Forward P/E210.3×24.1×most expensive of 6
Growth the price implies (Req g, 7 yrs)17.1%3.4%4th most demanding of 16
Growth delivered (Del g)+23.6%-2.8%highest of 16
Hurdle (Req g minus delivered)-6.5 pp+4.0 pp4th least demanding of 16
ROIC minus cost of capital-4.6 pp-3.0 pp8th lowest of 21
EV / EBITDA9.5×10.0×2nd cheapest of 5
Net debt / EBITDA4.4×3.0×4th most indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Shoppers Stop SHOPERSTOP.NSIndia$428M+2%+9%4%210.3×17.1%+23.6%
Zhongxing Shenyang Commercial Building 000715.SZChina$423M-13%-6%16%26.1×-12.3%-2.8%
Shanghai Xujiahui Commercial 002561.SZChina$436M-14%-6%-9%n/an/an/a
Ningbo Zhongbai 600857.SSChina$444M+4%-56%4%n/a51.6%-9.2%
Wing On Co. International 0289.HKHong Kong$457M-16%-2%16%n/an/an/a
Changsha Tongcheng 000419.SZChina$399M-16%-21%6%n/a-0.3%-3.3%
Nanning Department Store 600712.SSChina$393M-24%-24%-12%n/an/an/a
Nanjing Central Emporium (Group) Stocks 600280.SSChina$480M-9%-10%-2%n/a17.4%-8.1%
INZONE 600858.SSChina$376M-17%-2%6%21.9×-15.7%-0.6%
Kintetsu Department Store 8244.TJapan$491M+16%-1%5%n/a-6.2%-10.5%
Xinjiang Winka Times Department Store 603101.SSChina$502M-36%+5%9%22.6×-4.2%+2.6%
Wenfeng Great World Chain Development 601010.SSChina$328M-48%-22%-4%n/a-5.4%-8.6%
Shanghai Yimin Commercial 600824.SSChina$572M-12%-12%-2%n/a11.8%-7.6%
Dalian Friendship (Group) 000679.SZChina$316M-18%-5%-15%n/an/an/a
AEON Kyushu 2653.TJapan$597M-3%+3%2%n/an/an/a
Guangzhou Grandbuy 002187.SZChina$600M-8%-49%-2%n/a-5.3%-2.0%
Hanwha Galleria 452260.KSSouth Korea$297M-32%+9%7%n/a7.9%+3.9%
Shanghai Join Buy 600838.SSChina$628M+9%+6%-28%n/a22.2%+0.4%
Hefei Department Store 000417.SZChina$678M-13%-9%1%24.1×3.4%+1.3%
Baida 600865.SSChina$682M+5%+9%41%n/a13.3%-2.5%
Wushang 000501.SZChina$775M-18%-3%7%30.0×11.5%-4.7%

Questions

Which companies are Shoppers Stop's closest peers?
The cockpit's peer set: Zhongxing Shenyang Commercial Building (000715.SZ), Shanghai Xujiahui Commercial (002561.SZ), Ningbo Zhongbai (600857.SS), Wing On Co. International (0289.HK), Changsha Tongcheng (000419.SZ), Nanning Department Store (600712.SS), Nanjing Central Emporium (Group) Stocks (600280.SS), INZONE (600858.SS).
Is Shoppers Stop expensive compared with its peers?
On forward p/e it trades at 210.3× against a peer median of 24.1×, most expensive of 6 in its peer set. For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is -7 pp: the price already allows for a slowdown.
How has Shoppers Stop stock performed?
Over six months to 6 Nov 2026 the shares returned +2.1% against -13.7% for the median peer; over one year -29.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.