Stock Price Movement and Market Context
On 4 December 2025, Spencers Retail recorded its lowest-ever share price at ₹42.36. Despite a modest gain of 1.54% on the day, the stock remains below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning indicates a persistent downward trend over multiple time horizons.
Comparatively, the Sensex posted a gain of 0.13% on the same day, while Spencers Retail outperformed its sector by 0.49%. However, this short-term uptick follows a sequence of five consecutive days of decline, highlighting the stock’s recent volatility.
Over longer periods, the stock’s performance has been notably weaker than the broader market. The one-week return stands at -5.90%, contrasting with the Sensex’s -0.59%. The divergence widens over one month and three months, with Spencers Retail showing losses of -13.44% and -28.12% respectively, while the Sensex recorded gains of 2.11% and 5.58% over the same intervals.
Annual and multi-year comparisons further illustrate the stock’s challenges. Over the past year, Spencers Retail’s share price has declined by 50.67%, whereas the Sensex has appreciated by 5.26%. Year-to-date figures reveal a 46.44% reduction for the stock against a 9.06% gain for the benchmark. The three-year and five-year returns for Spencers Retail are -37.09% and -45.02%, respectively, in stark contrast to the Sensex’s 35.55% and 89.04% growth over the same periods. Notably, the stock’s 10-year return remains flat at 0.00%, while the Sensex has surged by 232.39%.
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Financial Health and Profitability Metrics
Spencers Retail’s financial indicators reveal ongoing pressures. The company’s net sales for the first nine months stand at ₹1,272.86 crores, reflecting a contraction of 21.09% compared to the previous period. Correspondingly, the profit after tax (PAT) for the same duration is negative at ₹-193.81 crores, also showing a decline of 21.09%.
The company’s debt profile remains elevated, with an average debt-to-equity ratio of 2.45 times, categorising it as a highly leveraged entity. The half-year debt-to-equity ratio is reported at -2.16 times, indicating a complex capital structure. This level of indebtedness contributes to the company’s classification as having weak long-term fundamental strength.
Operating profit trends over the past five years have been unfavourable, with an annualised rate of change at -350.95%. This figure points to a contraction in core profitability over an extended period. Additionally, the company has reported negative earnings before interest, taxes, depreciation, and amortisation (EBITDA), which adds to the risk profile of the stock.
Comparative Performance and Market Position
Spencers Retail’s stock has consistently underperformed the BSE500 index across the last three annual periods. While the stock’s profits have shown a modest rise of 8.1% over the past year, this has not translated into positive returns for shareholders, as evidenced by the 50.67% decline in share price during the same timeframe.
The company’s majority shareholding remains with promoters, maintaining concentrated ownership. Despite this, the stock’s valuation remains below historical averages, reflecting market caution.
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Summary of Key Challenges
The stock’s trajectory to an all-time low is underpinned by a combination of subdued sales growth, persistent losses, and a leveraged balance sheet. The negative book value further emphasises the company’s fragile long-term financial position. The downward trend in operating profit over five years and the negative EBITDA status highlight ongoing difficulties in generating sustainable earnings.
Despite a brief positive movement on the latest trading day, the overall trend remains downward, with the stock trading below all major moving averages. This technical positioning, combined with fundamental pressures, has contributed to the stock’s sustained underperformance relative to both sector peers and broader market indices.
Investors and market participants will note the stark contrast between Spencers Retail’s returns and those of the Sensex and BSE500 indices over multiple time frames, underscoring the challenges faced by the company within the diversified retail sector.
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