
About Spencer's Retail Limited
Data last updated:
Spencer's Retail Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the hypermarkets and large retail chains segment of the consumer services sector. It was incorporated on 08 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L74999WB2017PLC219355. Its GSTIN is 19AAICR1034J1ZB (West Bengal). The company holds 14 GST registrations, of which 13 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 542337 and NSE: SPENCERS.
The company has an authorised share capital of ₹1,500.05 Cr and a paid-up capital of ₹50.07 Cr. It was formerly known as Rp-Sg Retail Limited. It is led by directors including Anuj Singh (Managing Director) and Pratip Chaudhuri.
Its last annual general meeting (AGM) was held on 11 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Duncan House 31 Netaji Subhas Road, Kolkata, West Bengal, India – 700001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,817.25 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹258.21 Cr (net margin -14.2%) and EBITDA of -₹10.59 Cr (EBITDA margin -0.6%). Total assets are valued at ₹1,025.37 Cr (up 10.8% YoY).
Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹1,277 Cr and satisfied charges of ₹50 Cr on record. Court records list 59 cases involving the company, including 36 filed by the company and 23 filed against it; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spencersretail.com.
Company details
CIN history
Spencer's Retail has one previous CIN (Corporate Identification Number): U74999WB2017PLC219355. The current CIN is L74999WB2017PLC219355, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74999WB2017PLC219355 | Current |
| U74999WB2017PLC219355 | Previous |
Contact details
Spencer's Retail Limited's registered office is in Kolkata, West Bengal. Its website is spencersretail.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDuncan House 31 Netaji Subhas Road, Kolkata, West Bengal, India – 700001
- IndustryConsumer Services, Hypermarkets & Large Retail Chains
To see the full contact details of Spencer's Retail Limited, buy the company report.
- 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
Business activity
The main business activity of Spencer's Retail 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 Spencer's Retail Limited, buy the company report.
Financials of Spencer's Retail Limited
FY 2025-26 filings availableSpencer's Retail Limited reported revenue of ₹1,817.25 Cr (down 10% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue 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 | 1,817 | 2,019 | 2,370 | 2,480 | 2,343 | 2,428 | 2,645 |
| Revenue growth | -10.0% | -14.8% | -4.5% | +5.8% | -3.5% | -8.2% | - |
| EBITDA | (10.59) | (43.27) | (11.64) | 3.58 | 23.92 | 7.95 | 57.32 |
| EBITDA margin | -0.6% | -2.1% | -0.5% | +0.1% | +1.0% | +0.3% | +2.2% |
| Profit before tax | (250) | (247) | (266) | (211) | (122) | (164) | (131) |
| Net profit | (258) | (267) | (271) | (210) | (122) | (172) | (136) |
| Net profit margin | -14.2% | -13.2% | -11.4% | -8.5% | -5.2% | -7.1% | -5.1% |
| EPS (₹) | (27.66) | (27.33) | (29.53) | (23.34) | (13.48) | (18.18) | (16.44) |
| Balance sheet | |||||||
| Total assets | 1,025 | 925 | 1,223 | 1,208 | 1,147 | 1,144 | 1,134 |
| Net worth | (913) | (662) | (416) | (150) | 61.86 | 186 | 274 |
| Total debt | 1,919 | 1,571 | 1,622 | 1,341 | 1,069 | 944 | 849 |
| Cash & bank | 48.94 | 25.78 | 36.31 | 17.62 | 18.08 | 57.75 | 81.28 |
| Net working capital | (37.16) | (113) | (79.20) | (57.64) | (57.05) | (6.13) | (8.86) |
| Cash flow | |||||||
| Cash from operations | (60.22) | 37.41 | 35.08 | 26.74 | 54.60 | (2.43) | 114 |
| Cash from investing | (8.09) | (20.24) | 11.25 | (25.61) | (40.16) | (18.29) | (6.93) |
| Cash from financing | 92.15 | (26.94) | (28.05) | (4.81) | (54.50) | (3.34) | (54.46) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 469 | 436 | 503 | 445 | 416 | 412 | 517 | 518 |
| Revenue growth (YoY) | +12.9% | +5.9% | -2.7% | -14.1% | -24.2% | - | - | - |
| Other income | 1.81 | 9.30 | 1.31 | 3.74 | 11.41 | 11.26 | 3.07 | 61.02 |
| EBITDA | 7.56 | (7.13) | 6.71 | (3.51) | (6.67) | (11.45) | 11.80 | (44.93) |
| EBITDA margin | +1.6% | -1.6% | +1.3% | -0.8% | -1.6% | -2.8% | +2.3% | -8.7% |
| Depreciation | 23.45 | 23.01 | 23.06 | 23.32 | 26.31 | 27.22 | 21.56 | 63.58 |
| Interest | 46.43 | 44.80 | 43.37 | 40.76 | 40.10 | 41.05 | 40.72 | 39.77 |
| Profit before tax | (60.51) | (65.64) | (58.41) | (63.85) | (61.67) | (68.46) | (47.41) | (87.26) |
| Tax | (0.04) | (0.06) | (0.06) | (0.06) | (0.06) | (0.06) | (0.06) | (0.06) |
| Net profit | (60.47) | (65.58) | (58.35) | (63.79) | (61.61) | (68.40) | (47.35) | (87.20) |
| EPS (₹) | (6.72) | (7.28) | (6.48) | (7.09) | (6.85) | (7.60) | (5.26) | (9.68) |
| 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 | 1,540 | 1,725 | 2,074 | 2,208 | 2,000 | 2,069 | 2,373 |
| Revenue growth | -10.7% | -16.8% | -6.1% | +10.4% | -3.4% | -12.8% | - |
| EBITDA | 36.00 | (21.69) | (18.46) | 4.42 | 17.48 | (0.07) | 79.26 |
| EBITDA margin | +2.3% | -1.3% | -0.9% | +0.2% | +0.9% | 0.0% | +3.3% |
| Profit before tax | (134) | (185) | (212) | (153) | (84.57) | (128) | (57.02) |
| Net profit | (142) | (205) | (217) | (153) | (85.60) | (136) | (61.55) |
| Net profit margin | -9.3% | -11.9% | -10.5% | -6.9% | -4.3% | -6.6% | -2.6% |
| EPS (₹) | (14.82) | (20.50) | (23.50) | (17.00) | (9.38) | (14.19) | (7.17) |
| Balance sheet | |||||||
| Total assets | 1,138 | 955 | 1,248 | 1,205 | 1,151 | 1,122 | 1,050 |
| Net worth | (429) | (293) | (109) | 102 | 257 | 345 | 395 |
| Total debt | 1,551 | 1,236 | 1,342 | 1,088 | 878 | 765 | 644 |
| Cash & bank | 47.68 | 17.52 | 33.79 | 16.10 | 14.90 | 53.48 | 59.63 |
| Net working capital | (11.59) | (119) | (88.57) | (55.18) | (53.06) | 13.17 | 2.20 |
| Cash flow | |||||||
| Cash from operations | (40.20) | 24.92 | 39.41 | 28.81 | 63.17 | (1.80) | 107 |
| Cash from investing | (6.22) | 1.51 | (40.21) | (34.71) | (98.48) | (47.08) | (63.87) |
| Cash from financing | 77.26 | (41.90) | 18.07 | 3.82 | (3.67) | 41.97 | (11.05) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 408 | 379 | 421 | 376 | 346 | 351 | 431 | 443 |
| Revenue growth (YoY) | +17.8% | +8.1% | -2.4% | -15.1% | -27.2% | - | - | - |
| Other income | 1.16 | 8.54 | 0.60 | 3.10 | 8.02 | 9.00 | 2.45 | 59.92 |
| Total expenses | 391 | 374 | 406 | 367 | 340 | 350 | 416 | 485 |
| EBITDA | 16.79 | 4.97 | 14.80 | 9.61 | 6.62 | 0.84 | 15.05 | (42.03) |
| EBITDA margin | +4.1% | +1.3% | +3.5% | +2.6% | +1.9% | +0.2% | +3.5% | -9.5% |
| Depreciation | 14.51 | 14.04 | 13.84 | 14.06 | 14.31 | 16.91 | 13.78 | 54.63 |
| Interest | 37.47 | 34.99 | 34.82 | 32.32 | 31.48 | 31.13 | 32.86 | 32.59 |
| Profit before tax | (34.03) | (35.52) | (33.26) | (33.67) | (31.15) | (38.20) | (29.14) | (69.33) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 469 | 436 | 503 | 445 | 416 | 412 | 517 | 518 |
| Revenue growth (YoY) | +12.9% | +5.9% | -2.7% | -14.1% | -24.2% | - | - | - |
| Other income | 1.81 | 9.30 | 1.31 | 3.74 | 11.41 | 11.26 | 3.07 | 61.02 |
| EBITDA | 7.56 | (7.13) | 6.71 | (3.51) | (6.67) | (11.45) | 11.80 | (44.93) |
| EBITDA margin | +1.6% | -1.6% | +1.3% | -0.8% | -1.6% | -2.8% | +2.3% | -8.7% |
| Depreciation | 23.45 | 23.01 | 23.06 | 23.32 | 26.31 | 27.22 | 21.56 | 63.58 |
| Interest | 46.43 | 44.80 | 43.37 | 40.76 | 40.10 | 41.05 | 40.72 | 39.77 |
| Profit before tax | (60.51) | (65.64) | (58.41) | (63.85) | (61.67) | (68.46) | (47.41) | (87.26) |
| Tax | (0.04) | (0.06) | (0.06) | (0.06) | (0.06) | (0.06) | (0.06) | (0.06) |
| Net profit | (60.47) | (65.58) | (58.35) | (63.79) | (61.61) | (68.40) | (47.35) | (87.20) |
| EPS (₹) | (6.72) | (7.28) | (6.48) | (7.09) | (6.85) | (7.60) | (5.26) | (9.68) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,817 | 2,019 | 2,370 | 2,480 | 2,343 | 2,428 | 2,645 |
| Revenue growth | -10.0% | -14.8% | -4.5% | +5.8% | -3.5% | -8.2% | - |
| Other income | 25.76 | 104 | 25.60 | 32.58 | 76.86 | 53.40 | 31.81 |
| Total expenses | 1,828 | 2,063 | 2,381 | 2,477 | 2,320 | 2,420 | 2,587 |
| Employee cost | 132 | 160 | 201 | 199 | 189 | 193 | 191 |
| EBITDA | (10.59) | (43.27) | (11.64) | 3.58 | 23.92 | 7.95 | 57.32 |
| EBITDA margin | -0.6% | -2.1% | -0.5% | +0.1% | +1.0% | +0.3% | +2.2% |
| Depreciation | 95.69 | 143 | 132 | 132 | 126 | 134 | 138 |
| Interest | 169 | 164 | 148 | 115 | 96.97 | 91.34 | 81.95 |
| Profit before tax | (250) | (247) | (266) | (211) | (122) | (164) | (131) |
| Tax | (0.23) | (0.25) | (0.35) | (0.39) | (0.48) | (0.35) | (0.19) |
| Net profit | (258) | (267) | (271) | (210) | (122) | (172) | (136) |
| Net profit margin | -14.2% | -13.2% | -11.4% | -8.5% | -5.2% | -7.1% | -5.1% |
| EPS (₹) | (27.66) | (27.33) | (29.53) | (23.34) | (13.48) | (18.18) | (16.44) |
| 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 | 45.07 | 45.07 | 45.07 | 45.07 | 45.07 | 45.07 | 39.77 |
| Reserves & surplus | (957) | (706) | (460) | (195) | 17.79 | 142 | 234 |
| Shareholders' funds (net worth) | (913) | (662) | (416) | (150) | 61.86 | 186 | 274 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 1,248 | 917 | 694 | 495 | 343 | 235 | 127 |
| Unsecured loans | 671 | 654 | 927 | 846 | 725 | 709 | 722 |
| Total debt | 1,919 | 1,571 | 1,622 | 1,341 | 1,069 | 944 | 849 |
| Total liabilities | 1,025 | 925 | 1,223 | 1,208 | 1,147 | 1,144 | 1,134 |
| Assets | |||||||
| Gross block | 1,498 | 1,424 | 1,405 | 1,385 | 1,274 | 1,245 | 1,202 |
| Net block | 971 | 953 | 1,211 | 1,132 | 1,049 | 1,053 | 1,055 |
| Capital work in progress | 0.00 | 0.00 | 0.95 | 2.05 | 7.97 | 2.83 | 9.85 |
| Investments | 35.85 | 42.56 | 55.89 | 93.97 | 93.80 | 34.93 | 23.83 |
| Inventories | 184 | 170 | 266 | 265 | 260 | 267 | 248 |
| Sundry debtors | 24.93 | 18.26 | 25.29 | 19.76 | 26.63 | 29.76 | 66.47 |
| Cash & bank balances | 48.94 | 25.78 | 36.31 | 17.62 | 18.08 | 57.75 | 81.28 |
| Loans & advances | 55.74 | 37.70 | 46.12 | 41.86 | 35.11 | 32.86 | 33.34 |
| Total current assets | 314 | 252 | 374 | 344 | 340 | 388 | 429 |
| Total current liabilities | 351 | 365 | 453 | 401 | 397 | 394 | 438 |
| Net working capital | (37.16) | (113) | (79.20) | (57.64) | (57.05) | (6.13) | (8.86) |
| Total assets | 1,025 | 925 | 1,223 | 1,208 | 1,147 | 1,144 | 1,134 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 21.69 | 31.46 | 13.17 | 16.85 | 56.91 | 80.97 | 28.27 |
| Net cash from operating activities | (60.22) | 37.41 | 35.08 | 26.74 | 54.60 | (2.43) | 114 |
| Net cash from investing activities | (8.09) | (20.24) | 11.25 | (25.61) | (40.16) | (18.29) | (6.93) |
| Net cash from financing activities | 92.15 | (26.94) | (28.05) | (4.81) | (54.50) | (3.34) | (54.46) |
| Net change in cash | 23.84 | (9.77) | 18.29 | (3.68) | (40.05) | (24.06) | 52.70 |
| Closing cash | 48.94 | 25.78 | 36.31 | 17.62 | 18.08 | 57.75 | 81.28 |
| 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 | -10.0% | -14.8% | -4.5% | +5.8% | -3.5% | -8.2% | - |
| EBITDA growth | +75.5% | -271.7% | -425.1% | -85.0% | +200.9% | -86.1% | - |
| PBT growth | -1.2% | +7.5% | -26.4% | -72.9% | +25.7% | -25.4% | - |
| Net income growth | +3.3% | +1.5% | -28.8% | -71.7% | +28.9% | -27.2% | - |
| Revenue CAGR (3Y) | -9.9% | -4.8% | -0.8% | -2.1% | -0.8% | +28.3% | - |
| EBITDA CAGR (3Y) | - | - | - | -60.3% | +39.1% | - | - |
| Profitability & leverage | |||||||
| Net income margin | -13.7% | -12.2% | -11.2% | -8.5% | -5.2% | -6.8% | -4.9% |
| Return on capital employed | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 8.11 | 3.90 | 1.03 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 5.74 | 2.88 | 0.79 |
| Interest cover | -159.04 | -88.42 | -102.69 | -89.90 | -95.23 | -72.34 | -101.39 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.32 | 1.55 | 1.85 | 2.03 | 2.00 | 2.16 | 3.68 |
| Inventory turnover | 10.93 | 10.03 | 9.71 | 10.30 | 9.56 | 10.25 | 11.13 |
| Debtors turnover | 89.64 | 100.40 | 114.29 | 116.58 | 89.48 | 54.94 | 51.85 |
| EPS (₹) | (27.66) | (27.33) | (29.53) | (23.34) | (13.48) | (18.18) | (16.44) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (101.18) | (73.29) | (46.03) | (16.58) | 6.97 | 20.78 | 34.44 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 408 | 379 | 421 | 376 | 346 | 351 | 431 | 443 |
| Revenue growth (YoY) | +17.8% | +8.1% | -2.4% | -15.1% | -27.2% | - | - | - |
| Other income | 1.16 | 8.54 | 0.60 | 3.10 | 8.02 | 9.00 | 2.45 | 59.92 |
| Total expenses | 391 | 374 | 406 | 367 | 340 | 350 | 416 | 485 |
| EBITDA | 16.79 | 4.97 | 14.80 | 9.61 | 6.62 | 0.84 | 15.05 | (42.03) |
| EBITDA margin | +4.1% | +1.3% | +3.5% | +2.6% | +1.9% | +0.2% | +3.5% | -9.5% |
| Depreciation | 14.51 | 14.04 | 13.84 | 14.06 | 14.31 | 16.91 | 13.78 | 54.63 |
| Interest | 37.47 | 34.99 | 34.82 | 32.32 | 31.48 | 31.13 | 32.86 | 32.59 |
| Profit before tax | (34.03) | (35.52) | (33.26) | (33.67) | (31.15) | (38.20) | (29.14) | (69.33) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,540 | 1,725 | 2,074 | 2,208 | 2,000 | 2,069 | 2,373 |
| Revenue growth | -10.7% | -16.8% | -6.1% | +10.4% | -3.4% | -12.8% | - |
| Other income | 20.26 | 74.60 | 18.55 | 29.91 | 67.49 | 47.18 | 29.55 |
| Total expenses | 1,504 | 1,747 | 2,092 | 2,204 | 1,982 | 2,069 | 2,294 |
| Employee cost | 90.48 | 115 | 161 | 164 | 152 | 158 | 161 |
| EBITDA | 36.00 | (21.69) | (18.46) | 4.42 | 17.48 | (0.07) | 79.26 |
| EBITDA margin | +2.3% | -1.3% | -0.9% | +0.2% | +0.9% | 0.0% | +3.3% |
| Depreciation | 56.25 | 106 | 92.57 | 96.87 | 93.53 | 106 | 105 |
| Interest | 134 | 132 | 119 | 90.70 | 76.01 | 68.86 | 60.87 |
| Profit before tax | (134) | (185) | (212) | (153) | (84.57) | (128) | (57.02) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (142) | (205) | (217) | (153) | (85.60) | (136) | (61.55) |
| Net profit margin | -9.3% | -11.9% | -10.5% | -6.9% | -4.3% | -6.6% | -2.6% |
| EPS (₹) | (14.82) | (20.50) | (23.50) | (17.00) | (9.38) | (14.19) | (7.17) |
| 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 | 45.07 | 45.07 | 45.07 | 45.07 | 45.07 | 45.07 | 39.77 |
| Reserves & surplus | (474) | (338) | (154) | 56.76 | 212 | 299 | 355 |
| Shareholders' funds (net worth) | (429) | (293) | (109) | 102 | 257 | 345 | 395 |
| Secured loans | 1,002 | 744 | 592 | 392 | 316 | 179 | 70.00 |
| Unsecured loans | 548 | 491 | 750 | 696 | 563 | 587 | 574 |
| Total debt | 1,551 | 1,236 | 1,342 | 1,088 | 878 | 765 | 644 |
| Total liabilities | 1,138 | 955 | 1,248 | 1,205 | 1,151 | 1,122 | 1,050 |
| Assets | |||||||
| Gross block | 901 | 804 | 920 | 940 | 858 | 859 | 797 |
| Net block | 592 | 527 | 774 | 723 | 660 | 687 | 659 |
| Capital work in progress | 0.00 | 0.00 | 0.95 | 1.95 | 5.80 | 1.79 | 8.67 |
| Investments | 528 | 521 | 522 | 492 | 478 | 353 | 316 |
| Inventories | 152 | 136 | 223 | 229 | 229 | 236 | 231 |
| Sundry debtors | 21.47 | 25.55 | 24.25 | 19.07 | 26.17 | 31.46 | 61.19 |
| Cash & bank balances | 47.68 | 17.52 | 33.79 | 16.10 | 14.90 | 53.48 | 59.63 |
| Loans & advances | 63.13 | 20.43 | 28.74 | 28.27 | 23.54 | 21.23 | 18.80 |
| Total current assets | 284 | 199 | 309 | 292 | 294 | 342 | 370 |
| Total current liabilities | 296 | 319 | 398 | 347 | 347 | 329 | 368 |
| Net working capital | (11.59) | (119) | (88.57) | (55.18) | (53.06) | 13.17 | 2.20 |
| Total assets | 1,138 | 955 | 1,248 | 1,205 | 1,151 | 1,122 | 1,050 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 13.47 | 28.95 | 11.67 | 13.75 | 52.72 | 59.63 | 28.03 |
| Net cash from operating activities | (40.20) | 24.92 | 39.41 | 28.81 | 63.17 | (1.80) | 107 |
| Net cash from investing activities | (6.22) | 1.51 | (40.21) | (34.71) | (98.48) | (47.08) | (63.87) |
| Net cash from financing activities | 77.26 | (41.90) | 18.07 | 3.82 | (3.67) | 41.97 | (11.05) |
| Net change in cash | 30.84 | (15.47) | 17.28 | (2.08) | (38.97) | (6.91) | 31.61 |
| Closing cash | 47.68 | 17.52 | 33.79 | 16.10 | 14.90 | 53.48 | 59.63 |
| 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 | -10.7% | -16.8% | -6.1% | +10.4% | -3.4% | -12.8% | - |
| EBITDA growth | +266.0% | -17.5% | -517.7% | -74.7% | - | -100.1% | - |
| PBT growth | +27.7% | +12.8% | -38.2% | -81.2% | +33.9% | -124.3% | - |
| Net income growth | +30.6% | +5.3% | -41.4% | -79.0% | +37.3% | -121.6% | - |
| Revenue CAGR (3Y) | -11.3% | -4.8% | +0.1% | -2.4% | -5.9% | +21.7% | - |
| EBITDA CAGR (3Y) | +101.2% | - | +541.3% | -61.8% | +7.8% | - | - |
| Profitability & leverage | |||||||
| Net income margin | -8.7% | -10.7% | -10.2% | -6.9% | -4.2% | -6.2% | -2.4% |
| Return on capital employed | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 5.48 | 2.73 | 1.90 | 0.65 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 3.68 | 1.92 | 1.42 | 0.50 |
| Interest cover | -659.80 | -103.42 | -107.48 | -98.11 | -99.95 | -64.82 | -236.85 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.93 | 2.17 | 2.43 | 2.68 | 2.54 | 2.73 | 4.48 |
| Inventory turnover | 11.44 | 10.45 | 10.01 | 10.54 | 9.38 | 9.69 | 10.37 |
| Debtors turnover | 69.95 | 75.16 | 104.22 | 106.62 | 75.62 | 48.78 | 48.55 |
| EPS (₹) | (14.82) | (20.50) | (23.50) | (17.00) | (9.38) | (14.19) | (7.17) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (47.60) | (32.55) | (12.12) | 11.30 | 28.51 | 38.23 | 49.70 |
To see the full year-wise statements and ratios of Spencer's Retail Limited, buy the company report.
Board of directors of Spencer's Retail Limited
Spencer's Retail has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pratip Chaudhuri | Director | 14 Nov 2018 | 7 Years 11 Months | Current |
| Utsav Parekh | Director | 14 Nov 2018 | 7 Years 11 Months | Current |
| Shashwat Goenka Also directs: Firstsource Solutions Limited, Cesc Ltd, Purvah Green Power Private Limited and 5 more | Director | 14 Nov 2018 | 7 Years 11 Months | Current |
| Rekha Sethi Also directs: Firstsource Solutions Limited, Kirloskar Brothers Limited, Samvardhana Motherson International Limited and 1 more | Director | 14 Nov 2018 | 7 Years 11 Months | Current |
| Debanjan Mandal Also directs: Bengal Aerotropolis Projects Limited, Indian Chamber of Commerce Calcutta, Fox & Mandal LLP and 5 more | Director | 11 Feb 2019 | 7 Years 8 Months | Current |
| Anuj Singh | Managing Director | 22 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
Spencer's Retail Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Shoppers Stop Limited | ₹4,681.76 Cr (FY 2025) | 7.0% | 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 | ₹2,037.77 Cr (FY 2017) | 12.0% | Kolkata, West Bengal, India | |||
| Spencer's Retail Limitedthis company | ₹1,817.25 Cr (FY 2026) | -₹258.21 Cr | -14.2% | -10.0% | Kolkata, West Bengal, India | |
| Mumbai Travel Retail Limited | ₹1,473.18 Cr (FY 2025) | 20.0% | Ahmedabad, Gujarat, India | |||
| Flemingo Dutyfree Shop Private Limited | ₹1,471.78 Cr (FY 2024) | 11.0% | Navi Mumbai, Maharashtra, India | |||
| Baazar Style Retail Limited | ₹1,352.69 Cr (FY 2025) | 38.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Spencer's Retail Limited, buy the company report.
Auditor
Spencer's Retail Limited is audited by S.R. Batliboi & CO.LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & CO.LLP | FY 2023 | 301003E/E300005 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 58.80%, foreign institutional investors hold 6.50%, domestic institutional investors hold 2.00% and retail and other public shareholders hold 32.70%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 58.80% | 58.80% | 58.80% | 58.80% |
| Public | 41.20% | 41.20% | 41.20% | 41.20% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Feb 2026 | 101258369 | Others | ₹100 Cr | Open | |
| 21 Feb 2026 | 101243032 | Others | ₹150 Cr | Open | |
| 26 Jun 2025 | 101115108 | Axis Bank Limited | ₹50 Cr | Open | |
| 28 Apr 2025 | 101096446 | Others | ₹30 Cr | Open | |
| 21 Mar 2025 | 101073268 | Others | ₹35 Cr | Open |
To see the full charge records of Spencer's Retail Limited, buy the company report.
Total charge records: 23 View all charges
Legal cases
Spencer's Retail Limited has 59 court cases on record: 36 filed by Spencer's Retail, 23 filed against it. 9 cases are pending and 50 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 34 | 8 | 2 |
| District courts | 25 | 15 | 7 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (TS) | Filed by the company against Spencers Travel Services Limited and 5 others | Pending |
| District court, North Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed by the company against Corporate Aesthetic Refurbishing Enterprises Pvt. Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Ms Sign Display Systems Pvt.Ltd. | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by Wipro Limited and 1 other | Pending |
| District court, Central, Delhi | Execution petition | Filed against the company by Charming Apparels Pvt Ltd | Disposed |
To see the full case history of Spencer's Retail 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
Spencer's Retail Limited was last rated by Care on 01 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 01 Oct 2021 |
To see the full credit ratings and regulatory alerts of Spencer's Retail Limited, buy the company report.
MSME payment delays
Spencer's Retail Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 289 overdue payments to 47 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 47)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Star Interiors Private Limited | |||
| Pioneer Foods Private Limited | |||
| Safe Harvest Private Limited | |||
| India Celebrates Inc |
To see the full MSME payment records of Spencer's Retail Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Spencer's Retail has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Natures Basket Limited | U15310WB2008PLC244411 | |
| Omnipresent Retail India Private Limited | U51909WB2011PTC242691 |
To see the full group structure of Spencer's Retail Limited, buy the company report.
GST
Spencer's Retail has 14 GST registrations: 13 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAICR1034J1ZB | West Bengal | Active | 31 Oct 2018 |
| 19AAICR1034J2ZA | West Bengal | Active | 11 Mar 2019 |
| 09AAICR1034J1ZC | Uttar Pradesh | Active | 27 Sep 2018 |
| 33AAICR1034J1ZL | Tamil Nadu | Active | 27 Sep 2018 |
To see the full GST registrations and return filing status of Spencer's Retail Limited, buy the company report.
Recent activity
Spencer's Retail Limited has 27 board changes on record since 2017: 17 appointments and 10 cessations. The latest: Manjir Basu was appointed as CFO on 10 Oct 2025.
48 earlier events are in the company report.
News
Frequently asked questions
Spencer's Retail is an active public limited company based in Kolkata, West Bengal, India. The company works in hypermarkets and large retail chains, within the consumer services industry. It was incorporated on 08 February 2017 (9+ years old) and is registered under CIN L74999WB2017PLC219355. Listed on BSE: 542337 and NSE: SPENCERS.
Spencer's Retail reported revenue of ₹1,817.25 Cr for FY 2025-26 (down 10% YoY) based on consolidated financials.
Spencer's Retail has 6 current directors:
- Anuj Singh - Managing Director
- Pratip Chaudhuri - Director
- Utsav Parekh - Director
- Shashwat Goenka - Director
- Rekha Sethi - Director
- Debanjan Mandal - Director
The latest financial statements of Spencer's Retail on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 11 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Spencer's Retail is 19AAICR1034J1ZB, registered in West Bengal. The company has 14 GST registrations in all, of which 13 are active and 1 is cancelled or inactive. Other active GSTINs include 19AAICR1034J2ZA (West Bengal), 09AAICR1034J1ZC (Uttar Pradesh), 33AAICR1034J1ZL (Tamil Nadu).
The CIN (Corporate Identification Number) of Spencer's Retail is L74999WB2017PLC219355. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Spencer's Retail is a listed company as per MCA records. Its shares are listed on both BSE (code: 542337) and NSE (symbol: SPENCERS).
Spencer's Retail has 59 court cases on record: 36 filed by the company and 23 filed against it. 9 are pending. Most are in the high courts.
Spencer's Retail was incorporated on 08 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Spencer's Retail by revenue are Shoppers Stop Limited, V-Mart Retail Limited, Delhi Duty Free Services Private Limited, Spencer' S Retail Limited, Mumbai Travel Retail Limited and 2 more, all in the Consumer Services industry (Hypermarkets), with the same principal business activity (retail trading).
Manjir Basu was appointed as CFO on 10 Oct 2025. Sandeep Kumar Banka ceased to be CFO on 19 Sep 2025. Rahul Nayak ceased to be Whole-Time Director on 18 May 2024. Spencer's Retail has 27 board changes on record in total.
Spencer's Retail has 13 MSME Form 1 returns on record between 2019 and 2023, listing 289 overdue payments to 47 micro and small suppliers. The latest return was filed on 06 Jan 2024.