Fortune India 500 2025 edition
Rank#470- Total income
- ₹5,037 Cr
- Profit
- ₹11 Cr
Last year #460
Shoppers Stop Limited - consumer services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Listed - NSE: SHOPERSTOP · BSE: 532638 Public Limited Company consumer services Fortune India 500 · #470
Market Cap
₹3,771 Cr
SHOPERSTOP · NSE
Share Price
₹343.65
+0.42% today
Revenue
₹5,043 Cr
FY 2025-26 · +9.0% YoY
EBITDA
₹725 Cr
Margin 14.4%
Net Profit
−₹19.50 Cr
FY 2025-26 · -292.7% YoY
Debt / Equity
10.83
Interest cover 157.0x
Authorised capital
₹100 Cr
Registered with MCA
Paid-up capital
₹55.1 Cr
Issued & subscribed
About Shoppers Stop Limited
Data last updated:
Shoppers Stop Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the hypermarkets and large retail chains segment of the consumer services sector. It was incorporated on 16 June 1997 and has been in existence for over 29 years.
Shoppers Stop is ranked #470 on the Fortune India 500 (2025).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L51900MH1997PLC108798. Its GSTIN is 27AABCS4383A1ZL (Maharashtra). The company holds 30 GST registrations, of which 27 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532638 and NSE: SHOPERSTOP.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹55.1 Cr. It was formerly known as Shoppers Stop Private Limited. It is led by directors including Kavindra Mishra (Managing Director) and Nirvik Singh.
Its last annual general meeting (AGM) was held on 22 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Umang Tower 5th Floor Mindspace Off. Link Road Malad (West), Mumbai, Maharashtra, India – 400064.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹5,043.32 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹19.5 Cr (net margin -0.4%) and EBITDA of ₹725.06 Cr (EBITDA margin 14.4%). The net worth stands at ₹291.01 Cr (down 9.4% YoY). Total assets are valued at ₹3,607.86 Cr (down 0.8% YoY).
The company has about 6,809 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 3 brands: ShoppersStopBeauty, ShopperStop and Shoppers Stop. As per MCA filings, the company has open charges of ₹371 Cr and satisfied charges of ₹1,111.3 Cr on record. Court records list 191 cases involving the company, including 100 filed by the company and 91 filed against it; 37 cases are pending. The company has 43 deals on record (25 market trades, 14 secondary share transfers, 2 funding rounds), with disclosed funding of ₹302.13 Cr; the latest was in January 2026. Its 5 peer companies in the Consumer Services industry (Hypermarkets), with the same principal business activity (retail trading) are compared by revenue, 2 larger and 3 smaller; the largest is Airplaza Retail Holdings Private Limited with revenue of ₹10,684 Cr. The company has 6 MSME Form 1 returns on record between 2020 and 2023, listing 38 overdue payments to 16 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shoppersstop.com.
Company details
CIN L51900MH1997PLC108798
Registration Number 108798
Incorporation Date 16 June 1997
ROC Mumbai
Listing Status Listed - Listed on NSE (SHOPERSTOP); Listed on BSE (532638)
Company Status Active
Date of Last AGM 22 July 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Name history
Shoppers Stop has undergone 2 name changes throughout its history. The company was previously known as Shopper's Stop Limited, and Shoppers Stop Private Limited. The current legal name is Shoppers Stop Limited.
| Company Name | Status |
|---|---|
| Shoppers Stop Limited | Current |
| Shopper's Stop Limited | Previous |
| Shoppers Stop Private Limited | Previous |
CIN history
Shoppers Stop has one previous CIN (Corporate Identification Number): U51900MH1997PTC108798. The current CIN is L51900MH1997PLC108798, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51900MH1997PLC108798 | Current |
| U51900MH1997PTC108798 | Previous |
Recognitions & Rankings of Shoppers Stop
India's Most Valuable Companies 2023 edition · Source: Hurun India
Rank#491- Valuation
- ₹7,035 Cr
2022 #393
Contact details
Shoppers Stop Limited's registered office is in Mumbai, Maharashtra. Its website is shoppersstop.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressUmang Tower 5th Floor Mindspace Off. Link Road Malad (West), Mumbai, Maharashtra, India – 400064
- IndustryConsumer Services, Hypermarkets & Large Retail Chains
To see the full contact details of Shoppers Stop Limited, buy the company report.
Comprehensive company report
Shoppers Stop Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Shoppers Stop operates multiple associated brands including ShoppersStopBeauty, ShopperStop, and Shoppers Stop. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Large format fashion and lifestyle products are retailed across stores. | shoppersstop.com | |
| Online platform for shopping beauty, makeup, skincare, and fragrances products. | ssbeauty.in | |
| Retail of fashion, lifestyle, and home products in India. | shopperstop.com |
Business activity
The main business activity of Shoppers Stop is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Shoppers Stop Limited, buy the company report.
Financials of Shoppers Stop Limited
FY 2025-26 filings availableShoppers Stop Limited reported revenue of ₹5,043.32 Cr (up 9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹5,043 Cr
+9.0% YoY
EBITDA
₹725 Cr
+2.4% YoY
Profit After Tax
−₹19.50 Cr
-292.7% YoY
Net Worth
₹291 Cr
-9.4% YoY
Total Assets
₹3,608 Cr
-0.8% YoY
Total Debt
₹3,317 Cr
+0.1% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5,043 | 4,628 | 4,317 | 4,022 | 2,519 | 1,749 | 3,464 |
| Revenue growth | +9.0% | +7.2% | +7.3% | +59.7% | +44.0% | -49.5% | - |
| EBITDA | 725 | 708 | 710 | 693 | 269 | 44.15 | 542 |
| EBITDA margin | +14.4% | +15.3% | +16.5% | +17.2% | +10.7% | +2.5% | +15.6% |
| Profit before tax | (52.96) | 7.01 | 104 | 159 | (97.53) | (347) | (71.63) |
| Net profit | (19.50) | 10.12 | 81.45 | 114 | (77.56) | (268) | (142) |
| Net profit margin | -0.4% | +0.2% | +1.9% | +2.8% | -3.1% | -15.3% | -4.1% |
| EPS (₹) | (3.28) | 0.99 | 7.03 | 10.58 | (4.29) | (24.42) | (16.14) |
| Balance sheet | |||||||
| Total assets | 3,608 | 3,635 | 3,086 | 2,581 | 2,191 | 2,226 | 2,314 |
| Net worth | 291 | 321 | 301 | 206 | 75.93 | 120 | 66.64 |
| Total debt | 3,317 | 3,314 | 2,785 | 2,375 | 2,115 | 2,106 | 2,247 |
| Cash & bank | 12.71 | 14.02 | 16.74 | 31.35 | 32.49 | 42.12 | 4.35 |
| Net working capital | 28.13 | 101 | (35.32) | (150) | (243) | (133) | (247) |
| Cash flow | |||||||
| Cash from operations | 838 | 549 | 561 | 543 | 383 | (2.95) | 576 |
| Cash from investing | (129) | (169) | (111) | (29.08) | (102) | (23.55) | (284) |
| Cash from financing | (675) | (409) | (479) | (537) | (270) | 167 | (433) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,366 | 1,291 | 1,210 | 1,416 | 1,257 | 1,161 | 1,064 | 1,379 |
| Revenue growth (YoY) | +8.7% | +11.2% | +13.7% | +2.6% | +12.7% | +8.6% | - | - |
| Other income | 22.88 | 5.42 | 8.63 | 23.95 | 9.50 | 10.07 | 20.33 | 22.53 |
| EBITDA | 196 | 187 | 183 | 200 | 170 | 172 | 170 | 246 |
| EBITDA margin | +14.4% | +14.5% | +15.1% | +14.1% | +13.6% | +14.8% | +16.0% | +17.8% |
| Depreciation | 140 | 138 | 144 | 133 | 134 | 129 | 125 | 130 |
| Interest | 74.65 | 73.77 | 72.11 | 71.64 | 72.56 | 73.15 | 70.26 | 65.42 |
| Profit before tax | 4.13 | (19.03) | (24.87) | 19.69 | (26.86) | (20.91) | (5.43) | 72.84 |
| Tax | 1.02 | (4.78) | (8.52) | 3.57 | (6.75) | (5.17) | (7.42) | 20.61 |
| Net profit | 3.11 | (14.25) | (16.35) | 16.12 | (20.11) | (15.74) | 1.99 | 52.23 |
| EPS (₹) | 0.28 | (1.29) | (1.49) | 1.46 | (1.83) | (1.43) | 0.18 | 4.72 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,708 | 4,436 | 4,213 | 3,998 | 2,494 | 1,725 | 3,381 |
| Revenue growth | +6.1% | +5.3% | +5.4% | +60.3% | +44.6% | -49.0% | - |
| EBITDA | 699 | 698 | 705 | 720 | 268 | 42.07 | 553 |
| EBITDA margin | +14.9% | +15.7% | +16.7% | +18.0% | +10.7% | +2.4% | +16.4% |
| Profit before tax | (66.75) | 1.58 | 101 | 162 | (139) | (355) | (70.66) |
| Net profit | (28.28) | 6.39 | 78.03 | 116 | (75.30) | (253) | (141) |
| Net profit margin | -0.6% | +0.1% | +1.9% | +2.9% | -3.0% | -14.7% | -4.2% |
| EPS (₹) | (4.20) | 0.61 | 6.72 | 10.87 | (7.91) | (25.16) | (16.02) |
| Balance sheet | |||||||
| Total assets | 3,516 | 3,563 | 3,056 | 2,585 | 2,192 | 2,243 | 2,328 |
| Net worth | 299 | 340 | 324 | 232 | 98.28 | 182 | 137 |
| Total debt | 3,216 | 3,224 | 2,732 | 2,353 | 2,093 | 2,062 | 2,191 |
| Cash & bank | 10.94 | 13.27 | 16.21 | 25.38 | 31.78 | 41.62 | 1.25 |
| Net working capital | (127) | 6.54 | (105) | (168) | (242) | (129) | (241) |
| Cash flow | |||||||
| Cash from operations | 873 | 566 | 616 | 562 | 389 | 9.88 | 564 |
| Cash from investing | (170) | (162) | (137) | (51.99) | (109) | (36.00) | (283) |
| Cash from financing | (651) | (429) | (498) | (537) | (280) | 171 | (423) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,227 | 1,185 | 1,117 | 1,321 | 1,175 | 1,094 | 1,022 | 1,311 |
| Revenue growth (YoY) | +4.4% | +8.3% | +9.3% | +0.7% | +10.0% | +5.9% | - | - |
| Other income | 22.64 | 5.12 | 8.57 | 23.89 | 9.45 | 10.03 | 19.42 | 22.32 |
| Total expenses | 1,042 | 1,005 | 941 | 1,129 | 1,011 | 928 | 853 | 1,072 |
| EBITDA | 185 | 180 | 177 | 192 | 164 | 166 | 169 | 240 |
| EBITDA margin | +15.1% | +15.2% | +15.8% | +14.6% | +14.0% | +15.2% | +16.6% | +18.3% |
| Depreciation | 138 | 136 | 142 | 131 | 133 | 128 | 124 | 129 |
| Interest | 72.66 | 72.01 | 70.46 | 70.21 | 71.02 | 71.84 | 69.07 | 64.69 |
| Profit before tax | (3.13) | (22.25) | (27.63) | 14.92 | (30.21) | (23.83) | (4.53) | 68.24 |
| Tax | (0.80) | (5.54) | (9.35) | 2.31 | (7.53) | (5.94) | (7.00) | 19.46 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 28 Oct 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,366 | 1,291 | 1,210 | 1,416 | 1,257 | 1,161 | 1,064 | 1,379 |
| Revenue growth (YoY) | +8.7% | +11.2% | +13.7% | +2.6% | +12.7% | +8.6% | - | - |
| Other income | 22.88 | 5.42 | 8.63 | 23.95 | 9.50 | 10.07 | 20.33 | 22.53 |
| EBITDA | 196 | 187 | 183 | 200 | 170 | 172 | 170 | 246 |
| EBITDA margin | +14.4% | +14.5% | +15.1% | +14.1% | +13.6% | +14.8% | +16.0% | +17.8% |
| Depreciation | 140 | 138 | 144 | 133 | 134 | 129 | 125 | 130 |
| Interest | 74.65 | 73.77 | 72.11 | 71.64 | 72.56 | 73.15 | 70.26 | 65.42 |
| Profit before tax | 4.13 | (19.03) | (24.87) | 19.69 | (26.86) | (20.91) | (5.43) | 72.84 |
| Tax | 1.02 | (4.78) | (8.52) | 3.57 | (6.75) | (5.17) | (7.42) | 20.61 |
| Net profit | 3.11 | (14.25) | (16.35) | 16.12 | (20.11) | (15.74) | 1.99 | 52.23 |
| EPS (₹) | 0.28 | (1.29) | (1.49) | 1.46 | (1.83) | (1.43) | 0.18 | 4.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5,043 | 4,628 | 4,317 | 4,022 | 2,519 | 1,749 | 3,464 |
| Revenue growth | +9.0% | +7.2% | +7.3% | +59.7% | +44.0% | -49.5% | - |
| Other income | 52.14 | 54.12 | 55.82 | 56.73 | 195 | 224 | 34.24 |
| Total expenses | 4,318 | 3,919 | 3,606 | 3,329 | 2,249 | 1,705 | 2,922 |
| Employee cost | 458 | 425 | 393 | 352 | 273 | 265 | 335 |
| EBITDA | 725 | 708 | 710 | 693 | 269 | 44.15 | 542 |
| EBITDA margin | +14.4% | +15.3% | +16.5% | +17.2% | +10.7% | +2.5% | +15.6% |
| Depreciation | 541 | 494 | 437 | 382 | 355 | 392 | 450 |
| Interest | 289 | 261 | 225 | 209 | 207 | 223 | 197 |
| Profit before tax | (52.96) | 7.01 | 104 | 159 | (97.53) | (347) | (71.63) |
| Tax | (16.87) | (3.88) | 27.20 | 43.17 | (52.11) | (79.71) | 70.39 |
| Net profit | (19.50) | 10.12 | 81.45 | 114 | (77.56) | (268) | (142) |
| Net profit margin | -0.4% | +0.2% | +1.9% | +2.8% | -3.1% | -15.3% | -4.1% |
| EPS (₹) | (3.28) | 0.99 | 7.03 | 10.58 | (4.29) | (24.42) | (16.14) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 55.06 | 55.03 | 54.98 | 54.83 | 54.76 | 54.69 | 44.00 |
| Reserves & surplus | 236 | 266 | 246 | 151 | 21.17 | 65.04 | 22.64 |
| Shareholders' funds (net worth) | 291 | 321 | 301 | 206 | 75.93 | 120 | 66.64 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 214 | 318 | 152 | 167 | 298 | 221 | 135 |
| Unsecured loans | 3,103 | 2,996 | 2,633 | 2,208 | 1,817 | 1,885 | 2,111 |
| Total debt | 3,317 | 3,314 | 2,785 | 2,375 | 2,115 | 2,106 | 2,247 |
| Total liabilities | 3,608 | 3,635 | 3,086 | 2,581 | 2,191 | 2,226 | 2,314 |
| Assets | |||||||
| Gross block | 4,117 | 4,060 | 3,308 | 3,014 | 2,608 | 2,566 | 2,642 |
| Net block | 3,030 | 2,971 | 2,582 | 2,097 | 1,723 | 1,721 | 1,901 |
| Capital work in progress | 6.92 | 12.82 | 21.14 | 33.92 | 14.03 | 2.93 | 44.42 |
| Investments | 0.01 | 3.49 | 4.01 | 48.03 | 146 | 128 | 191 |
| Inventories | 2,100 | 2,041 | 1,687 | 1,500 | 1,008 | 856 | 1,239 |
| Sundry debtors | 86.53 | 64.92 | 82.36 | 29.41 | 31.50 | 30.77 | 34.07 |
| Cash & bank balances | 12.71 | 14.02 | 16.74 | 31.35 | 32.49 | 42.12 | 4.35 |
| Loans & advances | 512 | 440 | 388 | 312 | 277 | 227 | 243 |
| Total current assets | 2,711 | 2,560 | 2,173 | 1,873 | 1,349 | 1,156 | 1,520 |
| Total current liabilities | 2,683 | 2,459 | 2,208 | 2,023 | 1,591 | 1,290 | 1,767 |
| Net working capital | 28.13 | 101 | (35.32) | (150) | (243) | (133) | (247) |
| Total assets | 3,608 | 3,635 | 3,086 | 2,581 | 2,191 | 2,226 | 2,314 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | (69.14) | (39.92) | (10.57) | 12.42 | 1.54 | (161) | (19.62) |
| Net cash from operating activities | 838 | 549 | 561 | 543 | 383 | (2.95) | 576 |
| Net cash from investing activities | (129) | (169) | (111) | (29.08) | (102) | (23.55) | (284) |
| Net cash from financing activities | (675) | (409) | (479) | (537) | (270) | 167 | (433) |
| Net change in cash | 33.91 | (29.22) | (29.35) | (22.99) | 10.88 | 140 | (141) |
| Closing cash | 12.71 | 14.02 | 16.74 | 31.35 | 32.49 | 42.12 | 4.35 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.0% | +7.2% | +7.3% | +59.7% | +44.0% | -49.5% | - |
| EBITDA growth | +2.4% | -0.3% | +2.5% | +157.5% | +509.9% | -91.9% | - |
| PBT growth | - | -93.3% | -34.4% | +9998.0% | +71.9% | -384.3% | - |
| Net income growth | -292.7% | -87.6% | -28.5% | +246.8% | +71.0% | -88.6% | - |
| Revenue CAGR (3Y) | +7.8% | +22.5% | +35.1% | +5.1% | -11.0% | -22.1% | -4.3% |
| EBITDA CAGR (3Y) | +1.5% | +38.1% | +152.5% | +8.6% | +3.1% | -33.6% | +67.4% |
| Profitability & leverage | |||||||
| Net income margin | -0.7% | +0.2% | +1.8% | +2.9% | -1.8% | -15.3% | -4.1% |
| Return on capital employed | 0.0% | +6.5% | +9.1% | +13.2% | 0.0% | 0.0% | 0.0% |
| Return on net worth | 0.0% | +1.0% | +7.4% | +20.9% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 10.83 | 9.80 | 10.17 | 15.92 | 21.57 | 23.35 | 2.37 |
| Long-term debt / equity | 9.10 | 8.16 | 8.50 | 13.35 | 18.21 | 20.78 | 2.12 |
| Interest cover | 157.01 | 122.00 | 82.25 | 67.12 | -241.30 | -64.04 | 215.77 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.23 | 1.26 | 1.42 | 1.43 | 0.97 | 0.67 | 1.93 |
| Inventory turnover | 2.44 | 2.48 | 2.71 | 3.21 | 2.70 | 1.67 | 3.00 |
| Debtors turnover | 66.60 | 62.84 | 77.24 | 132.07 | 80.90 | 53.95 | 85.20 |
| EPS (₹) | (3.28) | 0.99 | 7.03 | 10.58 | (4.29) | (24.42) | (16.14) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 26.43 | 29.18 | 27.40 | 18.79 | 6.93 | 10.95 | 7.57 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,227 | 1,185 | 1,117 | 1,321 | 1,175 | 1,094 | 1,022 | 1,311 |
| Revenue growth (YoY) | +4.4% | +8.3% | +9.3% | +0.7% | +10.0% | +5.9% | - | - |
| Other income | 22.64 | 5.12 | 8.57 | 23.89 | 9.45 | 10.03 | 19.42 | 22.32 |
| Total expenses | 1,042 | 1,005 | 941 | 1,129 | 1,011 | 928 | 853 | 1,072 |
| EBITDA | 185 | 180 | 177 | 192 | 164 | 166 | 169 | 240 |
| EBITDA margin | +15.1% | +15.2% | +15.8% | +14.6% | +14.0% | +15.2% | +16.6% | +18.3% |
| Depreciation | 138 | 136 | 142 | 131 | 133 | 128 | 124 | 129 |
| Interest | 72.66 | 72.01 | 70.46 | 70.21 | 71.02 | 71.84 | 69.07 | 64.69 |
| Profit before tax | (3.13) | (22.25) | (27.63) | 14.92 | (30.21) | (23.83) | (4.53) | 68.24 |
| Tax | (0.80) | (5.54) | (9.35) | 2.31 | (7.53) | (5.94) | (7.00) | 19.46 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,708 | 4,436 | 4,213 | 3,998 | 2,494 | 1,725 | 3,381 |
| Revenue growth | +6.1% | +5.3% | +5.4% | +60.3% | +44.6% | -49.0% | - |
| Other income | 51.94 | 52.95 | 55.70 | 56.07 | 166 | 219 | 33.49 |
| Total expenses | 4,009 | 3,737 | 3,508 | 3,278 | 2,226 | 1,683 | 2,828 |
| Employee cost | 437 | 410 | 382 | 349 | 269 | 257 | 322 |
| EBITDA | 699 | 698 | 705 | 720 | 268 | 42.07 | 553 |
| EBITDA margin | +14.9% | +15.7% | +16.7% | +18.0% | +10.7% | +2.4% | +16.4% |
| Depreciation | 534 | 492 | 436 | 382 | 352 | 385 | 439 |
| Interest | 284 | 258 | 224 | 233 | 220 | 231 | 218 |
| Profit before tax | (66.75) | 1.58 | 101 | 162 | (139) | (355) | (70.66) |
| Tax | (20.51) | (5.16) | 27.20 | 42.86 | (52.11) | (79.71) | 70.28 |
| Net profit | (28.28) | 6.39 | 78.03 | 116 | (75.30) | (253) | (141) |
| Net profit margin | -0.6% | +0.1% | +1.9% | +2.9% | -3.0% | -14.7% | -4.2% |
| EPS (₹) | (4.20) | 0.61 | 6.72 | 10.87 | (7.91) | (25.16) | (16.02) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 55.06 | 55.03 | 54.98 | 54.83 | 54.76 | 54.69 | 44.00 |
| Reserves & surplus | 244 | 285 | 269 | 177 | 43.52 | 127 | 92.64 |
| Shareholders' funds (net worth) | 299 | 340 | 324 | 232 | 98.28 | 182 | 137 |
| Secured loans | 154 | 262 | 125 | 104 | 298 | 206 | 124 |
| Unsecured loans | 3,063 | 2,962 | 2,607 | 2,249 | 1,795 | 1,855 | 2,068 |
| Total debt | 3,216 | 3,224 | 2,732 | 2,353 | 2,093 | 2,062 | 2,191 |
| Total liabilities | 3,516 | 3,563 | 3,056 | 2,585 | 2,192 | 2,243 | 2,328 |
| Assets | |||||||
| Gross block | 4,153 | 4,115 | 3,384 | 2,844 | 2,700 | 2,619 | 2,678 |
| Net block | 2,990 | 2,944 | 2,575 | 2,097 | 1,723 | 1,711 | 1,878 |
| Capital work in progress | 6.92 | 11.66 | 21.14 | 33.92 | 14.03 | 2.93 | 44.26 |
| Investments | 110 | 59.97 | 55.40 | 73.41 | 146 | 128 | 206 |
| Inventories | 1,910 | 1,920 | 1,615 | 1,486 | 1,008 | 847 | 1,224 |
| Sundry debtors | 39.14 | 35.12 | 70.33 | 30.36 | 38.20 | 34.79 | 35.08 |
| Cash & bank balances | 10.94 | 13.27 | 16.21 | 25.38 | 31.78 | 41.62 | 1.25 |
| Loans & advances | 457 | 430 | 376 | 303 | 271 | 221 | 236 |
| Total current assets | 2,417 | 2,398 | 2,078 | 1,845 | 1,349 | 1,145 | 1,496 |
| Total current liabilities | 2,544 | 2,392 | 2,183 | 2,014 | 1,591 | 1,274 | 1,737 |
| Net working capital | (127) | 6.54 | (105) | (168) | (242) | (129) | (241) |
| Total assets | 3,516 | 3,563 | 3,056 | 2,585 | 2,192 | 2,243 | 2,328 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | (58.94) | (33.20) | (15.25) | 11.74 | 12.24 | (132) | 9.92 |
| Net cash from operating activities | 873 | 566 | 616 | 562 | 389 | 9.88 | 564 |
| Net cash from investing activities | (170) | (162) | (137) | (51.99) | (109) | (36.00) | (283) |
| Net cash from financing activities | (651) | (429) | (498) | (537) | (280) | 171 | (423) |
| Net change in cash | 52.13 | (25.74) | (17.95) | (26.99) | (0.50) | 145 | (142) |
| Closing cash | 10.94 | 13.27 | 16.21 | 25.38 | 31.78 | 41.62 | 1.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6.1% | +5.3% | +5.4% | +60.3% | +44.6% | -49.0% | - |
| EBITDA growth | +0.1% | -1.0% | -2.1% | +169.2% | +536.0% | -92.4% | - |
| PBT growth | - | -98.4% | -37.7% | +9998.0% | +60.9% | -402.3% | - |
| Net income growth | -542.6% | -91.8% | -33.0% | +254.7% | +70.3% | -79.7% | - |
| Revenue CAGR (3Y) | +5.6% | +21.2% | +34.7% | +5.8% | -10.5% | -21.7% | -2.5% |
| EBITDA CAGR (3Y) | -1.0% | +37.7% | +155.9% | +9.2% | -1.2% | -39.3% | +48.1% |
| Profitability & leverage | |||||||
| Net income margin | -1.0% | +0.2% | +1.8% | +3.0% | -3.5% | -16.0% | -4.2% |
| Return on capital employed | 0.0% | +6.4% | +9.1% | +14.2% | 0.0% | 0.0% | 0.0% |
| Return on net worth | 0.0% | +0.6% | +7.1% | +21.1% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 10.08 | 8.98 | 9.15 | 13.46 | 14.84 | 13.36 | 2.00 |
| Long-term debt / equity | 8.68 | 7.64 | 7.76 | 11.40 | 12.70 | 12.08 | 1.84 |
| Interest cover | 172.00 | 124.87 | 83.13 | 68.69 | -261.23 | -67.44 | 191.17 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.14 | 1.18 | 1.35 | 1.44 | 0.94 | 0.65 | 1.84 |
| Inventory turnover | 2.46 | 2.51 | 2.72 | 3.21 | 2.69 | 1.67 | 2.97 |
| Debtors turnover | 126.79 | 84.13 | 83.69 | 116.64 | 68.33 | 49.38 | 85.06 |
| EPS (₹) | (4.20) | 0.61 | 6.72 | 10.87 | (7.91) | (25.16) | (16.02) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 27.17 | 30.85 | 29.45 | 21.13 | 8.97 | 16.61 | 15.53 |
To see the full year-wise statements and ratios of Shoppers Stop Limited, buy the company report.
Board of directors of Shoppers Stop Limited
Shoppers Stop has 9 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirvik Singh Also directs: Gulf Oil Lubricants India Limited | Director | 29 Apr 2024 | 2 Years 5 Months | Current |
| Arun Sirdeshmukh Also directs: Global SS Beauty Brands Limited | Director | 20 Oct 2021 | 5 Years 0 Months | Current |
| Ravi Chandru Raheja | Director | 16 Jun 1997 | 29 Years 4 Months | Current |
| Neel Chandru Raheja | Director | 16 Jun 1997 | 29 Years 4 Months | Current |
| Mahesh Ramchand Chhabria | Director | 23 Jan 2023 | 3 Years 9 Months | Current |
| Purvi Sheth Also directs: Ambuja Cements Limited, Kirloskar Oil Engines Limited, Kirloskar Industries Limited and 5 more | Director | 29 Apr 2024 | 2 Years 5 Months | Current |
Showing 6 of 9 current directors. View all directors
Peer comparison
Shoppers Stop Limited is compared with the 5 companies closest to it by revenue in the Consumer Services industry (Hypermarkets), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Airplaza Retail Holdings Private Limited | ₹10,684 Cr (FY 2025) | 21.0% | Gurgaon, Haryana, India | |||
| Shoppers Stop Limitedthis company | ₹5,043.32 Cr (FY 2026) | -₹19.5 Cr | -0.4% | 9.0% | 6,809 | Mumbai, Maharashtra, India |
| More Retail Private Limited | ₹4,701.32 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| V-Mart Retail Limited | ₹3,265.98 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India | |||
| Delhi Duty Free Services Private Limited | ₹2,209.4 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Spencer's Retail Limited | ₹2,098.72 Cr (FY 2025) | -11.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Shoppers Stop Limited, buy the company report.
Auditor
Shoppers Stop Limited is audited by S R B C & CO LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2025 | 324982E/E300003 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 66.10%, foreign institutional investors hold 1.90%, domestic institutional investors hold 25.70% and retail and other public shareholders hold 6.30%.
Sep 2026
QUARTER
66.10% Promoters
25.70% DII (Domestic Institutional)
1.90% FII (Foreign Institutional)
6.30% Retail & Others
Promoter holding - history
Now 66.10% · Sep 2026High 66.10% · Jun 2026Low 65.50% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 66.10% | 66.10% | 65.70% | 65.50% |
| Public | 33.90% | 33.90% | 34.30% | 34.50% |
Charges & borrowings
Open charges
₹371 Cr
Satisfied charges
₹1,111.3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2024 | 101002969 | Hdfc Bank Limited | ₹100 Cr | Open | |
| 06 Sep 2024 | 100980270 | Others | ₹100 Cr | Open | |
| 22 Apr 2008 | 10106164 | Hdfc Bank Limited | ₹50 Cr | Open | |
| 18 Oct 2004 | 90154070 | Others | ₹60 Cr | Open | |
| 03 Oct 2003 | 90153990 | Axis Bank Limited | ₹15 Cr | Open |
To see the full charge records of Shoppers Stop Limited, buy the company report.
Total charge records: 33 View all charges
Deals & funding
Shoppers Stop Limited has 43 deals on record (25 market trades, 14 secondary share transfers, 2 funding rounds), with disclosed funding of ₹302.13 Cr; the latest was in January 2026.
Total deals
43
Market trades
25
Secondary share transfers
14
Funding rounds
2
QIP
1
Disclosed funding
₹302.13 Cr
Deals on record (5 of 43)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2024 | Market trade | ₹275.89 Cr | Buyer: Tata Mutual Fund, Kotak Mahindra Mutual Fund, Morgan Stanley Investment Management Seller: Amazon.Com Nv Investment Holdings Llc |
| Aug 2020 | Market trade | ₹53.82 Cr | Buyer: Raghukool Estate Developement LLP Seller: Palm Shelter Estate Development LLP |
| Mar 2020 | Market trade | ₹43.29 Cr | Buyer: Capstan Trading LLP Seller: Palm Shelter Estate Development LLP |
| Mar 2020 | Market trade | ₹67.43 Cr | Buyer: Casa Maria Properties LLP Seller: Palm Shelter Estate Development LLP |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Others Shoppers Stop Ltd., Aditya Birla Sun Life Trustee Private Limited , L&T Mutual Fund Trustee Limited Seller: L&T Emerging Business Fund, Icici Prudential Life Insurance Company Limited , Miraj Marketing Company LLP |
To see the full deal history of Shoppers Stop Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shoppers Stop Limited has 191 court cases on record: 100 filed by Shoppers Stop, 91 filed against it. 37 cases are pending and 154 are disposed.
Total cases
191
Filed by the company
100
Filed against the company
91
Pending
37
Disposed
154
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 98 | 32 | 22 |
| District courts | 87 | 57 | 13 |
| Supreme Court | 6 | 2 | 2 |
Cases on record (5 of 191)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Prime Fokus Services LLP | Pending |
| High Court, KARNATAKA | Appeal | Filed against the company by Official Liquidator of M/S United Breweries (Holdings) Ltd.,(In Liqn) | Pending |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed by the company against Magarpatta Retail Private Limited and Another | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Magarpatta Retail Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Lotus Global | Disposed |
To see the full case history of Shoppers Stop Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Shoppers Stop Limited was last rated by Care on 29 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 29 Sep 2022 |
To see the full credit ratings and regulatory alerts of Shoppers Stop Limited, buy the company report.
MSME payment delays
Shoppers Stop Limited has 6 MSME Form 1 returns on record between 2020 and 2023, listing 38 overdue payments to 16 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Waulite Technologies Private Limited | |||
| United Impex (India) | |||
| an individual supplier | |||
| Sky Venture | |||
| Shree Amar Textiles |
To see the full MSME payment records of Shoppers Stop Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Shoppers Stop has 4 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
4
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Global SS Beauty Brands Limited | U52100MH1995PLC095115 | |
| Shoppers Stop Brands (India) Limited | U52100MH2000PLC124945 | |
| Gateway Multichannel Retail (India) Limited | U52100MH2007PLC170243 | |
| Shoppers' Stop.Com (India) Limited | U72900MH2000PLC124178 |
To see the full group structure of Shoppers Stop Limited, buy the company report.
Employees & EPFO
Shoppers Stop Limited has a workforce of 6,809 employees on its EPFO records as of Jan 27, 2026, across 1 active EPFO establishment.
Employee count
6,809
Active EPFO establishments
1
Employee growth
3.09%
GST
Shoppers Stop has 30 GST registrations: 27 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
30
Active
27
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCS4383A1ZL | Maharashtra | Active | 01 Jul 2017 |
| 27AABCS4383A2ZK | Maharashtra | Active | 14 Jul 2017 |
| 03AABCS4383A1ZV | Punjab | Active | 01 Jul 2017 |
| 04AABCS4383A1ZT | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shoppers Stop Limited, buy the company report.
Recent activity
Shoppers Stop Limited has 32 board changes on record since 1997: 9 appointments and 23 cessations. The latest: Karunakaran Mohanasundaram ceased to be CFO on 17 Feb 2026.
AGM
Shoppers Stop Limited last Annual general meeting of members was held on 22 Jul 2026 as per latest MCA records.
Filing
Shoppers Stop Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Ceased
Karunakaran Mohanasundaram ceased to be CFO.
Charges
A charge with Others of Rs. 60.00 Cr registered on 18 Oct 2004 with Charge ID 90154070 was modified on 11 Apr 2025.
Charges
A charge with Axis Bank Limited of Rs. 15.00 Cr registered on 03 Oct 2003 with Charge ID 90153990 was modified on 27 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 100.00 Cr with Charge ID 101002969 was registered on 12 Nov 2024.
Ceased
Vijay Kumar Gupta ceased to be Company Secretary.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 100980270 was registered on 06 Sep 2024.
Charges
A charge registered on 20 Jul 2021 via Charge ID 100467448 with Others was fully satisfied on 26 Aug 2024.
Charges
A charge registered on 12 Jan 2012 via Charge ID 10333964 with Yes Bank Limited was fully satisfied on 29 May 2024.
Appointed
Ashish Omprakash Hemrajani was appointed as Director.
Appointed
Kavindra Mishra was appointed as Managing Director.
101 earlier events are in the company report.
News
SHOPERSTOP: Q2 CONS NET PROFIT 31M RUPEES VS LOSS 201M (YOY)
SHOPERSTOP: Q2 REVENUE 13.7B RUPEES VS 12.6B (YOY)
SHOPERSTOP: Q2 EBITDA 1.96B RUPEES VS 1.7B (YOY); Q2 EBITDA MARGIN 14.36% VS 13.56% (YOY)
Shoppers Stop: Company's Managing Director Emphasizes Focus on Smart Spending, Boosting Profits, and Aiming to Be Debt-Free by the End of Q3.
From our blog
Frequently asked questions
Shoppers Stop is an active public limited company based in Mumbai, Maharashtra, India. The company works in hypermarkets and large retail chains, within the consumer services industry. It was incorporated on 16 June 1997 (29+ years old) and is registered under CIN L51900MH1997PLC108798. Listed on BSE: 532638 and NSE: SHOPERSTOP.
Shoppers Stop reported revenue of ₹5,043.32 Cr for FY 2025-26 (up 9% YoY) based on consolidated financials.
Shoppers Stop has 9 current directors:
- Kavindra Mishra - Managing Director
- Nirvik Singh - Director
- Arun Sirdeshmukh - Director
- Ravi Chandru Raheja - Director
- Neel Chandru Raheja - Director
- Mahesh Ramchand Chhabria - Director
- Purvi Sheth - Director
- Ashish Omprakash Hemrajani - Director
- Smita Jatia - Director
The latest financial statements of Shoppers Stop on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 22 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Shoppers Stop is 27AABCS4383A1ZL, registered in Maharashtra. The company has 30 GST registrations in all, of which 27 are active and 3 are cancelled or inactive. Other active GSTINs include 27AABCS4383A2ZK (Maharashtra), 03AABCS4383A1ZV (Punjab), 04AABCS4383A1ZT (Chandigarh).
The CIN (Corporate Identification Number) of Shoppers Stop is L51900MH1997PLC108798. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Shoppers Stop is a listed company as per MCA records. Its shares are listed on both BSE (code: 532638) and NSE (symbol: SHOPERSTOP).
Shoppers Stop has 191 court cases on record: 100 filed by the company and 91 filed against it. 37 are pending. Most are in the high courts.
Shoppers Stop was incorporated on 16 June 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Shoppers Stop has 43 deals on record (25 market trades, 14 secondary share transfers, 2 funding rounds), with disclosed funding of ₹302.13 Cr; the latest was in January 2026.
The peers of Shoppers Stop by revenue are Airplaza Retail Holdings Private Limited, More Retail Private Limited, V-Mart Retail Limited, Delhi Duty Free Services Private Limited, Spencer's Retail Limited, all in the Consumer Services industry (Hypermarkets), with the same principal business activity (retail trading).
Karunakaran Mohanasundaram ceased to be CFO on 17 Feb 2026. Vijay Kumar Gupta ceased to be Company Secretary on 25 Sep 2024. Ashish Omprakash Hemrajani was appointed as Director on 29 Apr 2024. Shoppers Stop has 32 board changes on record in total.