# Shoppers Stop share price today (Shoppers Stop Ltd, NSE: SHOPERSTOP)

> Shoppers Stop share price today: ₹354.25 at the NSE close on 3 November 2026, down 31.1% in a year. Shoppers Stop (NSE: SHOPERSTOP) is worth ₹3,901 crore, trades at a P/E of 884.6 and has closed between ₹288.50 and ₹472.65 over the past 52 weeks. > Shoppers Stop Ltd's share price has risen faster than its earnings: −31.1% in a year, against −431.3% for earnings per share. SHOPERSTOP · Retail - Departmental Stores · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/shoppers-stop-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹354.25 (−31.1% in a year)
- P/E: 884.6× (higher than 99% of the last 11 years)
- Revenue (Sep 2026): ₹1,366 Cr (+8.7% on a year ago)
- Profit (Sep 2026): ₹3.1 Cr
- Operating margin: 14.4% (+0.8 points on a year ago)
- ROCE: 7%, FY26
- ROIC: 7.0%, against a 12.0% cost of capital: −5.0 points

The main question: the share price moved −31.1% in a year while yearly earnings per share moved −431.3%. The difference came from the market paying a higher multiple. ## What is the Shoppers Stop share price today? Shoppers Stop Ltd's share price was ₹354.25 at the close on 3 November 2026. It has been falling for 1 week. That is 8.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹289 and ₹473, and at that close it sat 36% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running. Over the last 11 years the share price moved +6% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 9 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Shoppers Stop this quarter? Three changes stood out: foreign funds (FIIs) cut their stake for 9 quarters in a row, revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) and indian funds and insurers (DIIs) raised their stake for 3 quarters in a row. 1. Foreign funds (FIIs) cut their stake for 9 quarters in a row From 7.4% to 1.9% of the company by the September 2026 quarter. 2. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹1,366 crore, +8.7% on a year earlier. Why: Revenue rose partly because beauty sales grew fast, led by fragrances. Next results: check whether sales at stores open a year or more grow by the mid single digit rate or slightly higher that management expects. From the earnings call on 16 Oct 2026. 3. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row From 25.4% to 25.8% of the company by the September 2026 quarter. ## What are Shoppers Stop's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Shoppers Stop reported revenue of ₹1,366 crore, up 8.7% from ₹1,257 crore a year earlier, and a profit of ₹3.11 crore, against a loss of ₹20.1 crore a year earlier. ### Shoppers Stop results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,366 crore | ₹1,257 crore | +8.7% |
| Profit | ₹3.11 crore | loss of ₹20.1 crore | n/a |
| Earnings per share | ₹0.28 | ₹−1.83 | n/a |
| Operating margin | 14.4% | 13.6% | +0.8 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Shoppers Stop's management discussed these results on a call held on 16 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Shoppers Stop share price history? Shoppers Stop closed at ₹354.25 on 3 November 2026, down 31.1% from ₹514.45 a year earlier (31 October 2025) and down 1.9% over five years. Its highest weekly close since March 2016 was ₹914.05 on 13 September 2024. ### Shoppers Stop share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹339.15 | +4.5% |
| 1 month ago · 1 Oct 2026 | ₹404.70 | −12.5% |
| 6 months ago · 30 Apr 2026 | ₹296.90 | +19.3% |
| 1 year ago · 31 Oct 2025 | ₹514.45 | −31.1% |
| 3 years ago · 3 Nov 2023 | ₹628.70 | −43.7% |
| 5 years ago · 4 Nov 2021 | ₹361.05 | −1.9% |
| 10 years ago · 4 Nov 2016 | ₹331.97 | +6.7% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹334.72 | +5.8% |
| Highest weekly close since March 2016 · 13 Sep 2024 | ₹914.05 | −61.2% |
| Lowest weekly close since March 2016 · 22 May 2020 | ₹125.92 | +181.3% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹472.65 | −25.1% |
| 52-week low (weekly close) · 20 Mar 2026 | ₹288.50 | +22.8% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Shoppers Stop? 3 Nov 2026: Shoppers Stop closed at ₹354.25, up 4.5% on the week and down 12.5% on the month. 16 Oct 2026: Shoppers Stop held its results call for July to September 2026. Management guided: 12 department store openings in FY27, up from 9-10 outlook, premium elevated formats. ### Earlier

- Results for July to September 2026: Revenue up 8.7% on a year earlier. ## What dividend does Shoppers Stop pay? Shoppers Stop has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. Not in its latest year. Shoppers Stop Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 4 of its last 13 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Shoppers Stop management say on the latest results call? On the call for July to September 2026, held on 16 October 2026, Shoppers Stop's management guided: 12 department store openings in FY27, up from 9-10 outlook, premium elevated formats. > “With our consistent focus, the premium portfolio contribution in stores improved by 390 basis points and now stands at an all-time high of 73%.”
> Kavindra Mishra, on the call for July to September 2026

### What management guided

- 10-12 department openings per year for next 2-3 years sustained. - Personal Shopper contribution to reach 30% of revenue by year-end on expanded resourcing. - FY27 LFL growth mid-single-digit or slightly higher with healthy profitability expansion building on H1. - INTUNE new-venture losses to reduce further in Q3 and Q4 on productivity momentum. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4538/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 16 October 2026.)

## What to watch in Shoppers Stop's next results? When Shoppers Stop reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Early Pujo/Dussehra momentum converting through Diwali peak into reported LFL - per festive strength commentary. - What to check (from the call)
- Early Pujo/Dussehra momentum converting through Diwali peak into reported LFL - per festive strength commentary. - New-venture losses narrowing further in peak quarter on freshness discipline - per H2 reduction expectations. - Standalone borrowings reaching debt-free close by quarter-end - per internal-accruals funding commentary. ## Which stock lists is Shoppers Stop on? Shoppers Stop is on one of our India lists: Breakout stocks. [Breakout stocks Breakout date: 16 October 2026](https://www.sectoralpha.in/breakout-stocks-india)

## Is Shoppers Stop profitable? Shoppers Stop Ltd earned ₹3.1 Cr of net profit in the Sep 2026 quarter. The full FY26 year was a loss of ₹36.0 Cr. That is 0.2% of the quarter's revenue. The same quarter a year earlier lost ₹20.1 Cr. 6 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was −₹36.0 Cr (−427.3% on the year before). ## How much revenue does Shoppers Stop make, and is it growing? Shoppers Stop Ltd reported ₹1,366 Cr of revenue in the Sep 2026 quarter, +8.7% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 0.9% a year on average. The last full year, FY26, came in at ₹5,043 Cr. The last four reported quarters add to ₹5,283 Cr. FY26 revenue was ₹5,043 Cr, +9.0% on the year before. Recent pace: the last four quarters grew +9.1% on average, against 0.9% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +8.7%, against +8.7% a year over the last 8 quarters (stabilising). ## How much of every ₹100 of sales does Shoppers Stop keep? Shoppers Stop Ltd's operating margin was 14.4% in the Sep 2026 quarter, 0.8 percentage points higher than the same quarter a year ago. Across 13 years it has been between 2.5% and 17.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +0.8 percentage points on the year while gross margin changed +0.1 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Shoppers Stop's profit turning into cash? Over the last 3 years, 810% of Shoppers Stop Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹838 Cr of operating cash against −₹36.0 Cr of profit. After ₹594 Cr of spending on assets, ₹244 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 810% of profit came in as cash: the cash cycle got 57 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 1.6× depreciation over three years. The next section checks what that spending is building. ## Where does Shoppers Stop's cash go? Shoppers Stop Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −37 days in FY26, up from −94 days in FY21. It spent ₹2,378 Cr on assets over the last 3 years. Customers take 6 days to pay, and stock sits for 253 days on average. At FY26 sales of ₹5,043 Cr, each day of that cycle ties up about ₹13.8 Cr, so roughly −₹511 Cr is tied up in the business at any time. FY26: customers took 6 days to pay and stock sat for 253 days, about 8.3 months of sales sitting as stock, for a full cycle of −37 days, longer than FY21's −94. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 253 days. Customers pay about 6 days after that. Suppliers are paid at 295 days. Together that makes the −37-day cycle. Spending on assets: ₹2,378 Cr over the last 3 years, against ₹1,472 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹7.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Shoppers Stop's P/E ratio, and how does it compare with its own history? Shoppers Stop Ltd's P/E is 884.6×, about the highest it has ever been. Its usual P/E (the middle reading) is 93.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −431.3% while the price moved −31.1%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved −17.4% a year; about −64.5% a year came from earnings growth and about +47.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Shoppers Stop business getting better or worse? Shoppers Stop Ltd's business is turning around. Profit growth has swung from −293.3% at its low to −161.9%, rising from a low 1 quarters ago, with ROCE steady at 8.9%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does Shoppers Stop earn on its capital? Shoppers Stop Ltd earned a ROCE of 7% in FY26. That is up from a low of −5% in FY21. Its return on capital used (ROIC) is 5.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −0.7% net margin and 0.80× asset turnover (sales divided by assets). Why the return is what it is (FY26): a −0.7% net margin × 0.80× asset turnover × 21.62× leverage (assets divided by equity) ≈ −12.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 7.0% − 12.0% = −5.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Shoppers Stop have too much debt? Shoppers Stop Ltd has total debt of ₹3,457 Cr against shareholder equity of ₹282 Cr as of Sep 2026, so its debt is 12.26× its equity. Year by year, that ratio went from 27.83 in FY22 to 11.40 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Shoppers Stop shareholding pattern? Foreign institutions cut their stake in Shoppers Stop Ltd by 5.2 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 1.9% of the company. Domestic institutions moved +3.1 points over the same period, to 25.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −5.2 points over 8 quarters, to 1.9%; Domestic institutions: +3.1 points over 8 quarters, to 25.8%; Promoters: +0.4 points over 8 quarters, to 66.0%. Why the owners changed: foreign institutions moved −5.2 points and domestic institutions +3.1 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Shoppers Stop from balance-sheet trouble? For Shoppers Stop Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Shoppers Stop rank in its industry? 50.4 out of 100, rank 1 of 3 in Retail - Departmental Stores, with 71% of the evidence available. Shoppers Stop Ltd scores 50.4 out of 100 against the 3 companies it is compared with in Retail - Departmental Stores, ranking 1. Relative strength against the index is 3.2%, and revenue and profit growth are weak. The four parts add up to the total exactly: 15.6 + 5.7 + 10 + 19.1 = 50.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Shoppers Stop compared with? Shoppers Stop ranks 1 of 3 Retail - Departmental Stores companies on the 4-Factor Sector Score, with 50.4 out of 100. 1. Shoppers Stop Ltd this page SHOPERSTOP · losing its lead · Evidence leans up · 71% evidence 50.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.6/35 · Revenue 8.7% · Profit -80% · Operating margin change 0.8 points · 74% evidence Capital efficiency 5.7/25 · ROCE 7% · Operating margin 14.4% · 100% evidence Valuation 10.0/20 · P/E 909× · PEG n/a · 0% evidence Relative strength 19.1/20 · Lead over its industry 10.3% · Lead over NIFTY 500 3.2% · 1 year -29.3% · 100% evidence · 7 of 12 weeks ahead Exact sum: 15.6 + 5.7 + 10 + 19.1 = 50.4 · What this means: Relative strength against the index is 3.2%, and revenue and profit growth are weak. 2. [Avenue Supermarts Ltd](https://www.sectoralpha.in/stocks/avenue-supermarts-ltd) DMART · quiet · Evidence leans down · 90% evidence 38.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/35 · Revenue 16.2% · Profit 14% · Operating margin change 0 points · 100% evidence Capital efficiency 13.4/25 · ROCE 17.2% · Operating margin 7% · 100% evidence Valuation 5.0/20 · P/E 67× · PEG 6.36 · 50% evidence Relative strength 0.0/20 · Lead over its industry -9.2% · Lead over NIFTY 500 -14.8% · 1 year -23% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.2 + 13.4 + 5 + 0 = 38.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Yamuna Syndicate Ltd](https://www.sectoralpha.in/stocks/yamuna-syndicate-ltd) turning · Most evidence points down · 80% evidence 32.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.0/35 · Revenue 11.3% · Profit 2.8% · Operating margin change 1.1 points · 83% evidence Capital efficiency 5.4/25 · ROCE 4.2% · Operating margin 3.5% · 95% evidence Valuation 8.3/20 · P/E 8.1× · PEG n/a · 35% evidence Relative strength 5.9/20 · Lead over its industry -5.5% · Lead over NIFTY 500 -11.6% · 1 year -33% · 100% evidence · 0 of 12 weeks ahead Exact sum: 13 + 5.4 + 8.3 + 5.9 = 32.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Retail - Departmental Stores](https://www.sectoralpha.in/sectors/retail-departmental-stores), all 3 compared on one page. ## Which companies are close to Shoppers Stop in size? Shoppers Stop is the 2nd largest of 3 Retail - Departmental Stores companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Avenue Supermarts. Just below it: Yamuna Syndicate. ### Retail - Departmental Stores companies close in size

1. [Avenue Supermarts Ltd](https://www.sectoralpha.in/stocks/avenue-supermarts-ltd) ₹2,08,674 crore
2. Shoppers Stop Ltd ₹4,008 crore
3. [Yamuna Syndicate Ltd](https://www.sectoralpha.in/stocks/yamuna-syndicate-ltd) ₹741 crore

[All 3 Retail - Departmental Stores companies, largest first](https://www.sectoralpha.in/sectors/retail-departmental-stores#all-companies)

### Companies close in size in other industries

1. [Alok Industries Ltd](https://www.sectoralpha.in/stocks/alok-industries-ltd) ₹4,012 crore · Textiles - Weaving
2. [Purple Style Labs Ltd](https://www.sectoralpha.in/stocks/purple-style-labs-ltd) ₹4,011 crore
3. Shoppers Stop Ltd ₹4,008 crore
4. [TCPL Packaging Ltd](https://www.sectoralpha.in/stocks/tcpl-packaging-ltd) ₹4,005 crore · Packaging - FMCG/Consumers
5. [Capillary Technologies India Ltd](https://www.sectoralpha.in/stocks/capillary-technologies-india-ltd) ₹4,000 crore · IT - Software

## What else do people ask about Shoppers Stop? ### What is Shoppers Stop's share price today? Shoppers Stop Ltd's share price is ₹354.25, −31.1% over the past year. The whole company is worth ₹3,901 Cr on the market. In the last 52 weeks it traded between ₹289 to ₹473; today it is 36% of the way up from the low, 8.6% below its 200-day average (as of 3 November 2026). ### What were Shoppers Stop's latest quarterly results? Shoppers Stop Ltd reported revenue of ₹1,366 Cr and net profit of ₹3.1 Cr for the Sep 2026 quarter. Earnings per share were ₹0.28. The operating margin was 14.4%, 0.8 percentage points higher than a year earlier (as of 3 November 2026). ### What is Shoppers Stop's market cap? Shoppers Stop Ltd's market capitalisation is ₹3,901 Cr at a share price of ₹354.25. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Shoppers Stop performing? Shoppers Stop Ltd's share price has been falling for 1 weeks. Over the past 13 weeks it has done worse than the NIFTY 500, for 4 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Shoppers Stop's share price go up? This page does not forecast Shoppers Stop Ltd's share price. What it shows instead: the share price is ₹354.25, and it has been falling for 1 weeks. Its P/E of 884.6× is higher than 99% of its own last 11 years (as of 3 November 2026). ### Does Shoppers Stop have too much debt? Yes, Shoppers Stop Ltd has a lot of debt: its debt is 11.40× its equity, and its operating profit is 3 times its interest bill. FY26 borrowings were ₹3,317 Cr against equity of ₹291 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Is Shoppers Stop's profit real cash? Yes, over the last 3 years, 810% of Shoppers Stop Ltd's reported profit came in as cash from operations. The latest year was lower at -2328%, so the trend is worth watching. In FY26, operating cash was ₹838 Cr against reported profit of −₹36.0 Cr. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is Shoppers Stop in its business cycle? Shoppers Stop Ltd's FY26 operating margin was 15.0%, against a 13-year range of 2.5% to 17.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 14.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Shoppers Stop story? The main question: the share price moved −31.1% in a year while yearly earnings per share moved −431.3%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Shoppers Stop a stock worth studying right now? What the numbers show: Shoppers Stop Ltd's share price has risen faster than its earnings: −31.1% in a year, against −431.3% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Shoppers Stop share price forecast for 2026? What management itself guided: 12 department store openings in FY27, up from 9-10 outlook, premium elevated formats. ## Lists

- Breakout stocks: https://www.sectoralpha.in/breakout-stocks-india

This is research, not advice. We’re not SEBI-registered.