Shoppers Stop vs Spencer’s Retail vs Vishal Mega Mart: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Shoppers Stop PE NA, mkt cap Rs 4,350 crore. Spencer’s Retail PE NA, mkt cap Rs 255 crore. Vishal Mega Mart PE 54.74, mkt cap Rs 48,722 crore.
Quick Answer
Shoppers Stop vs Spencer’s Retail vs Vishal Mega Mart is a side-by-side comparison of three companies from the Department Store and Value Retail space. On this comparison, Shoppers Stop carries a market capitalisation of about Rs 4,350 crore against Rs 255 crore for Spencer’s Retail and Rs 48,722 crore for Vishal Mega Mart, with return on equity of -6.11%, 27.31% and 11.32% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Shoppers Stop vs Spencer’s Retail vs Vishal Mega Mart starts with the core numbers most investors compare within the Department Store and Value Retail segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Department Store and Value Retail bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Shoppers Stop, Spencer’s Retail and Vishal Mega Mart: Company Overview
Shoppers Stop is a listed Indian company in the Department Store and Value Retail space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Spencer’s Retail is a listed Indian company in the Department Store and Value Retail space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Vishal Mega Mart is a listed Indian company in the Department Store and Value Retail space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Shoppers Stop vs Spencer’s Retail vs Vishal Mega Mart: Valuation and Profitability Snapshot
| Metric | Shoppers Stop | Spencer’s Retail | Vishal Mega Mart |
|---|---|---|---|
| Market Cap (approx.) | Rs 4,350 crore | Rs 255 crore | Rs 48,722 crore |
| PE Ratio (TTM) | NA | NA | 54.74 |
| PB Ratio | 14.95 | 0.00 | 6.56 |
| Return on Equity (ROE) | -6.11% | 27.31% | 11.32% |
| EPS (TTM, Rs) | -3.14 | -27.53 | 1.90 |
| Dividend Yield | 0.00% | 0.00% | 0.00% |
| Debt to Equity | 11.40 | -2.10 | 0.27 |
| Book Value per Share (Rs) | 26.41 | -101.18 | 15.85 |
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On valuation, Shoppers Stop trades at a PE of NA and a PB of 14.95, Spencer’s Retail at a PE of NA and a PB of 0.00, while Vishal Mega Mart trades at a PE of 54.74 and a PB of 6.56. On return on equity, the three post -6.11%, 27.31% and 11.32% respectively, and on dividend yield they stand at 0.00%, 0.00% and 0.00%.
Shoppers Stop vs Spencer’s Retail vs Vishal Mega Mart: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Shoppers Stop | Rs 1,296.83 crore | Rs -14.25 crore | +10.7% | +6.4% |
| Spencer’s Retail | Rs 471.28 crore | Rs -60.45 crore | +10.3% | +5.8% |
| Vishal Mega Mart | Rs 3,760.15 crore | Rs 258.77 crore | +19.1% | +19.8% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three department store and value retail names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Shoppers Stop vs Spencer’s Retail vs Vishal Mega Mart highlights how differently three companies in the same department store and value retail segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Shoppers Stop vs Spencer’s Retail vs Vishal Mega Mart
What is the market cap difference between Shoppers Stop, Spencer’s Retail and Vishal Mega Mart?
Ans. As of September 2026, Shoppers Stop has a market cap of approximately Rs 4,350 crore, Spencer’s Retail is at approximately Rs 255 crore, and Vishal Mega Mart is at approximately Rs 48,722 crore.
Which of the three has the highest PE ratio?
Ans. Among Shoppers Stop, Spencer’s Retail and Vishal Mega Mart, the PE ratios stand at NA, NA and 54.74 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Shoppers Stop, Spencer’s Retail and Vishal Mega Mart post ROE of -6.11%, 27.31% and 11.32% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Shoppers Stop, Spencer’s Retail and Vishal Mega Mart carry dividend yields of 0.00%, 0.00% and 0.00% respectively.
What is the debt to equity ratio for Shoppers Stop, Spencer’s Retail and Vishal Mega Mart?
Ans. Shoppers Stop carries a debt to equity of 11.40, Spencer’s Retail of -2.10, and Vishal Mega Mart of 0.27.
Which of the three trades at the highest price to book value?
Ans. Shoppers Stop, Spencer’s Retail and Vishal Mega Mart trade at price to book ratios of 14.95, 0.00 and 6.56 respectively.
Is one of Shoppers Stop, Spencer’s Retail or Vishal Mega Mart better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
