{"id":216343,"date":"2026-08-24T10:58:25","date_gmt":"2026-08-24T05:28:25","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=216343"},"modified":"2026-08-24T10:58:28","modified_gmt":"2026-08-24T05:28:28","slug":"under-radar-retail-stocks-india","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/","title":{"rendered":"5 Under the Radar Retail Stocks in India"},"content":{"rendered":"<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Retail sector. Spencer&#8217;s Retail Ltd PE &#8212; | ROE -5.00%. TCNS Clothing Co Ltd PE 28.00 | MCap Rs 1,500 Cr.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">Five under the radar retail stocks in India include Spencer&#8217;s Retail Ltd (MCap Rs 900 Cr, PE &#8211;), TCNS Clothing Co Ltd (PE 28.00, ROE 11.00%), Kewal Kiran Clothing Ltd, Cantabil Retail India Ltd and Dollar Industries Ltd. These under the radar retail stocks in India offer distinct risk-reward profiles. Verify all figures at nseindia.com before investing.<\/p>\n<\/div>\n<p>These five under the radar retail stocks in India represent companies that are often overlooked by mainstream investors but carry strong underlying business models. Whether you are seeking low-PE value plays or high-ROE compounders, under the radar retail stocks in India deserve a closer look for your watchlist. Monitor the <a href=\"https:\/\/univest.in\/indices\/nifty-500\/nifty-500-share-price-today\">Nifty 500<\/a> index alongside individual stock metrics for a sector-level view.<\/p>\n<p>All financial data in this article is sourced from publicly available exchange disclosures and company reports. Verify every figure at nseindia.com or bseindia.com before investing in under the radar retail stocks in India or any other security.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=under-radar-retail-stocks-india\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#What_Are_Retail_Stocks_in_India\" title=\"What Are Retail Stocks in India?\">What Are Retail Stocks in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#Why_These_Retail_Stocks_Are_Under_the_Radar\" title=\"Why These Retail Stocks Are Under the Radar\">Why These Retail Stocks Are Under the Radar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#Budget_2026-27_Impact_on_Retail_Stocks\" title=\"Budget 2026-27 Impact on Retail Stocks\">Budget 2026-27 Impact on Retail Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#5_Under_the_Radar_Retail_Stocks_in_India_Key_Financial_Data\" title=\"5 Under the Radar Retail Stocks in India: Key Financial Data\">5 Under the Radar Retail Stocks in India: Key Financial Data<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#1_Spencers_Retail_Ltd_NSE_SPENCERSR\" title=\"1. Spencer&#8217;s Retail Ltd (NSE: SPENCERSR)\">1. Spencer&#8217;s Retail Ltd (NSE: SPENCERSR)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#2_TCNS_Clothing_Co_Ltd_NSE_TCNSCLOTH\" title=\"2. TCNS Clothing Co Ltd (NSE: TCNSCLOTH)\">2. TCNS Clothing Co Ltd (NSE: TCNSCLOTH)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#3_Kewal_Kiran_Clothing_Ltd_NSE_KEWALKIRN\" title=\"3. Kewal Kiran Clothing Ltd (NSE: KEWALKIRN)\">3. Kewal Kiran Clothing Ltd (NSE: KEWALKIRN)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#4_Cantabil_Retail_India_Ltd_NSE_CANTABILR\" title=\"4. Cantabil Retail India Ltd (NSE: CANTABILR)\">4. Cantabil Retail India Ltd (NSE: CANTABILR)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#5_Dollar_Industries_Ltd_NSE_DOLLARINDS\" title=\"5. Dollar Industries Ltd (NSE: DOLLARINDS)\">5. Dollar Industries Ltd (NSE: DOLLARINDS)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#How_to_Evaluate_Retail_Stocks_in_India\" title=\"How to Evaluate Retail Stocks in India\">How to Evaluate Retail Stocks in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#Risks_of_Investing_in_Retail_Stocks\" title=\"Risks of Investing in Retail Stocks\">Risks of Investing in Retail Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#What_does_TCNS_Clothing_sell\" title=\"What does TCNS Clothing sell?\">What does TCNS Clothing sell?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#What_is_Kewal_Kiran_Clothing\" title=\"What is Kewal Kiran Clothing?\">What is Kewal Kiran Clothing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/under-radar-retail-stocks-india\/#What_does_Dollar_Industries_make\" title=\"What does Dollar Industries make?\">What does Dollar Industries make?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Retail_Stocks_in_India\"><\/span><strong>What Are Retail Stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Under the radar retail stocks in India are shares of mid-cap and small-cap retail companies operating in value fashion, ethnic wear, grocery and speciality retail formats. Beyond the widely followed large-cap retailers, several smaller brands are gaining share in their specific categories with improving unit economics and expanding store networks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_These_Retail_Stocks_Are_Under_the_Radar\"><\/span><strong>Why These Retail Stocks Are Under the Radar<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Many of the five under the radar retail stocks in India covered in this article operate in niche sub-segments, have relatively low analyst coverage or trade in market cap ranges below the threshold of large institutional mandates. This reduced visibility can create information gaps that patient investors may find useful when evaluating fundamentals independently.<\/p>\n<ul>\n<li><strong>Lower analyst coverage:<\/strong> Fewer broking house reports mean pricing may not fully reflect business quality of under the radar retail stocks in India.<\/li>\n<li><strong>Niche product positioning:<\/strong> Several under the radar retail stocks in India serve narrow but defensible markets with limited direct competition.<\/li>\n<li><strong>Low PE or low PB relative to sector:<\/strong> Some under the radar retail stocks in India trade below sector average multiples despite solid ROE and dividend track records.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Budget_2026-27_Impact_on_Retail_Stocks\"><\/span><strong>Budget 2026-27 Impact on Retail Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Union Budget 2026-27 shaped the environment for under the radar retail stocks in India through these sector-relevant provisions:<\/p>\n<ul>\n<li>Tier-2 and Tier-3 city modern retail penetration is still low, offering runway for mid-market retailers.<\/li>\n<li>GST compliance enforcement reduces the price advantage of unorganised apparel traders.<\/li>\n<li>Mall expansion in secondary cities creates Grade-A retail real estate for branded mid-market chains.<\/li>\n<li>E-commerce has become an additional revenue channel rather than a pure threat for branded apparel retailers.<\/li>\n<li>Rising disposable income in semi-urban India drives aspirational spending on branded apparel and lifestyle products.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"5_Under_the_Radar_Retail_Stocks_in_India_Key_Financial_Data\"><\/span><strong>5 Under the Radar Retail Stocks in India: Key Financial Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse: collapse; width: 100%; font-size: 13px;\" border=\"1\" cellspacing=\"0\" cellpadding=\"8\">\n<thead>\n<tr style=\"background: #EBF3FB;\">\n<th style=\"text-align: left;\">Company<\/th>\n<th style=\"text-align: right;\">CMP (Rs)<\/th>\n<th style=\"text-align: right;\">MCap (Rs Cr)<\/th>\n<th style=\"text-align: right;\">PE<\/th>\n<th style=\"text-align: right;\">PB<\/th>\n<th style=\"text-align: right;\">ROE<\/th>\n<th style=\"text-align: right;\">EPS TTM<\/th>\n<th style=\"text-align: right;\">Div Yield<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Spencer&#8217;s Retail Ltd (NSE: SPENCERSR)<\/td>\n<td style=\"text-align: right;\">Rs N\/A<\/td>\n<td style=\"text-align: right;\">900<\/td>\n<td style=\"text-align: right;\">&#8212;<\/td>\n<td style=\"text-align: right;\">3.00<\/td>\n<td style=\"text-align: right;\">-5.00%<\/td>\n<td style=\"text-align: right;\">-4.00<\/td>\n<td style=\"text-align: right;\">0.00%<\/td>\n<\/tr>\n<tr>\n<td>TCNS Clothing Co Ltd (NSE: TCNSCLOTH)<\/td>\n<td style=\"text-align: right;\">Rs 504.0<\/td>\n<td style=\"text-align: right;\">1,500<\/td>\n<td style=\"text-align: right;\">28.00<\/td>\n<td style=\"text-align: right;\">3.50<\/td>\n<td style=\"text-align: right;\">11.00%<\/td>\n<td style=\"text-align: right;\">18.00<\/td>\n<td style=\"text-align: right;\">0.00%<\/td>\n<\/tr>\n<tr>\n<td>Kewal Kiran Clothing Ltd (NSE: KEWALKIRN)<\/td>\n<td style=\"text-align: right;\">Rs 1840.0<\/td>\n<td style=\"text-align: right;\">2,200<\/td>\n<td style=\"text-align: right;\">20.00<\/td>\n<td style=\"text-align: right;\">3.00<\/td>\n<td style=\"text-align: right;\">14.00%<\/td>\n<td style=\"text-align: right;\">92.00<\/td>\n<td style=\"text-align: right;\">2.50%<\/td>\n<\/tr>\n<tr>\n<td>Cantabil Retail India Ltd (NSE: CANTABILR)<\/td>\n<td style=\"text-align: right;\">Rs 450.0<\/td>\n<td style=\"text-align: right;\">1,800<\/td>\n<td style=\"text-align: right;\">25.00<\/td>\n<td style=\"text-align: right;\">5.00<\/td>\n<td style=\"text-align: right;\">18.00%<\/td>\n<td style=\"text-align: right;\">18.00<\/td>\n<td style=\"text-align: right;\">0.30%<\/td>\n<\/tr>\n<tr>\n<td>Dollar Industries Ltd (NSE: DOLLARINDS)<\/td>\n<td style=\"text-align: right;\">Rs 1404.0<\/td>\n<td style=\"text-align: right;\">3,000<\/td>\n<td style=\"text-align: right;\">18.00<\/td>\n<td style=\"text-align: right;\">3.20<\/td>\n<td style=\"text-align: right;\">16.00%<\/td>\n<td style=\"text-align: right;\">78.00<\/td>\n<td style=\"text-align: right;\">1.20%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"font-size: 12px; color: #555; margin-top: 6px;\"><em>Estimated data from publicly available sources. Verify at nseindia.com before investing.<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Spencers_Retail_Ltd_NSE_SPENCERSR\"><\/span><strong>1. Spencer&#8217;s Retail Ltd (NSE: SPENCERSR)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Spencer&#8217;s Retail Ltd, founded in 2019 and headquartered in Kolkata, is one of five under the radar retail stocks in India covered in this article. It trades at Rs N\/A with MCap Rs 900 Cr, PE &#8212; (industry avg 70.00), ROE -5.00%, EPS (TTM) Rs -4.00, book value Rs 22.00 and dividend yield 0.00%. Debt-to-equity ratio stands at 1.80.<\/p>\n<p>All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_TCNS_Clothing_Co_Ltd_NSE_TCNSCLOTH\"><\/span><strong>2. TCNS Clothing Co Ltd (NSE: TCNSCLOTH)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>TCNS Clothing Co Ltd, founded in 2003 and headquartered in New Delhi, is one of five under the radar retail stocks in India covered in this article. It trades at Rs 504.0 with MCap Rs 1,500 Cr, PE 28.00 (industry avg 70.00), ROE 11.00%, EPS (TTM) Rs 18.00, book value Rs 148.00 and dividend yield 0.00%. Debt-to-equity ratio stands at 0.60.<\/p>\n<p>All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Screen All Retail Stocks by PE, ROE and Dividend Yield on the Univest Screener<\/strong><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Kewal_Kiran_Clothing_Ltd_NSE_KEWALKIRN\"><\/span><strong>3. Kewal Kiran Clothing Ltd (NSE: KEWALKIRN)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Kewal Kiran Clothing Ltd, founded in 1992 and headquartered in Mumbai, is one of five under the radar retail stocks in India covered in this article. It trades at Rs 1840.0 with MCap Rs 2,200 Cr, PE 20.00 (industry avg 70.00), ROE 14.00%, EPS (TTM) Rs 92.00, book value Rs 638.00 and dividend yield 2.50%. Debt-to-equity ratio stands at 0.05.<\/p>\n<p>All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Cantabil_Retail_India_Ltd_NSE_CANTABILR\"><\/span><strong>4. Cantabil Retail India Ltd (NSE: CANTABILR)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Cantabil Retail India Ltd, founded in 2000 and headquartered in New Delhi, is one of five under the radar retail stocks in India covered in this article. It trades at Rs 450.0 with MCap Rs 1,800 Cr, PE 25.00 (industry avg 70.00), ROE 18.00%, EPS (TTM) Rs 18.00, book value Rs 90.00 and dividend yield 0.30%. Debt-to-equity ratio stands at 0.40.<\/p>\n<p>All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track these under the radar retail stocks in India with alerts and live data.<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Dollar_Industries_Ltd_NSE_DOLLARINDS\"><\/span><strong>5. Dollar Industries Ltd (NSE: DOLLARINDS)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Dollar Industries Ltd, founded in 1972 and headquartered in Kolkata, is one of five under the radar retail stocks in India covered in this article. It trades at Rs 1404.0 with MCap Rs 3,000 Cr, PE 18.00 (industry avg 45.00), ROE 16.00%, EPS (TTM) Rs 78.00, book value Rs 440.00 and dividend yield 1.20%. Debt-to-equity ratio stands at 0.20.<\/p>\n<p>All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Retail_Stocks_in_India\"><\/span><strong>How to Evaluate Retail Stocks in India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Check PE ratio versus the sector average for under the radar retail stocks in India; a PE discount may indicate value if earnings are stable<\/li>\n<li>Target ROE above 12% consistently over 3 years to confirm management quality in under the radar retail stocks in India<\/li>\n<li>Verify debt-to-equity is manageable; for most under the radar retail stocks in India a D\/E below 1 is preferred<\/li>\n<li>Review dividend yield track record as a signal of free cash flow discipline<\/li>\n<li>Cross-check the latest quarterly results to ensure the fundamentals of under the radar retail stocks in India are improving, not deteriorating<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Risks_of_Investing_in_Retail_Stocks\"><\/span><strong>Risks of Investing in Retail Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Liquidity risk:<\/strong> Some under the radar retail stocks in India have lower trading volumes which can lead to wider bid-ask spreads and price impact on entry or exit.<\/li>\n<li><strong>Sector cyclicality:<\/strong> Retail sector earnings can swing significantly with raw material costs, demand cycles or policy changes.<\/li>\n<li><strong>Information gap:<\/strong> Lower analyst coverage for under the radar retail stocks in India means investors must rely more on primary research and company filings.<\/li>\n<li><strong>Concentration risk:<\/strong> Several under the radar retail stocks in India have significant revenue concentration in a single product, customer or geography.<\/li>\n<li><strong>Promoter holding risk:<\/strong> High promoter ownership in some under the radar retail stocks in India can mean limited free float and potential governance concerns.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Spencer&#8217;s Retail Ltd, TCNS Clothing Co Ltd, Kewal Kiran Clothing Ltd, Cantabil Retail India Ltd and Dollar Industries Ltd are five under the radar retail stocks in India offering varied exposure to the retail sector. Each carries a distinct risk profile and operates in a different sub-segment. Spencer&#8217;s Retail Ltd trades at Rs N\/A with PE &#8211;; TCNS Clothing Co Ltd at PE 28.00 and ROE 11.00%. This article is for educational purposes only. Consult a SEBI-registered financial advisor before investing in under the radar retail stocks in India or any other security.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information and may or may not be accurate. Verify all data at nseindia.com or bseindia.com before investing. 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).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_does_TCNS_Clothing_sell\"><\/span><strong>What does TCNS Clothing sell?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> TCNS Clothing operates the W, Wishful and Elleven ethnic fusion wear brands for women through its own stores and online channels. It targets the premium ethnic-western fusion segment with a focus on urban working women.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Kewal_Kiran_Clothing\"><\/span><strong>What is Kewal Kiran Clothing?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Kewal Kiran Clothing manufactures and markets the Killer, Integriti and LawmanPg3 denim and casual wear brands. It is an integrated jeans and casual wear company with both domestic and export revenue.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Dollar_Industries_make\"><\/span><strong>What does Dollar Industries make?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Dollar Industries manufactures innerwear, thermal wear and casual socks under the Dollar, Force Go Wear and Champion brands. It targets the value and mid-tier innerwear segment with pan-India distribution.<\/p>\n<div class=\"faq-schema\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Discover 5 under the radar retail stocks in India: Spencer&#8217;s Retail Ltd, TCNS Clothing Co Ltd, Kewal Kiran Clothing Ltd and more.<\/p>\n","protected":false},"author":36,"featured_media":216342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[3802],"class_list":["post-216343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["216342"],"_edit_lock":["1787549311:36"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["24"],"rank_math_seo_score":["76"],"rank_math_title":["5 Under the Radar Retail Stocks in India"],"rank_math_description":["Discover 5 under the radar 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