Case study

SPENCERS

Spencer'S Retail Limited

Tread carefully1y model -1.1%

Each stock's 10,000-path forecast, rendered as light.

32Score

Spencer'S Retail Limited (SPENCERS) Stock Analysis & Case Study

Is SPENCERS a good buy? The data-driven verdict.

Spencer'S Retail Limited (SPENCERS) trades at ₹33,on the numbers it tread carefully, a Downstox Snapshot Score of 32/100.

On the numbers, Spencer'S Retail Limited (SPENCERS) tread carefully, a Downstox Snapshot Score of 32/100, weighing ROE of 5.0%, a 49% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

SPENCERS fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹299 Cr
Current price
₹33
Book value
₹-101
ROCE
-8.4%
ROE
5.0%
Piotroski F-Score
1/8

How SPENCERS ranks against the 2,373 companies in our screener

We do not hold a debt-to-equity ratio figure for SPENCERS, as of 9 Aug 2026, so it is not ranked here.

SPENCERS share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 7.4y of SPENCERS history (-25%/yr drift, 48%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
SPENCERS 2027₹17₹32₹59-1%
SPENCERS 2028₹13₹32₹75-2%
SPENCERS 2029₹11₹31₹91-3%
SPENCERS 2030₹9₹31₹104-4%
SPENCERS 2031₹8₹31₹119-5%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability SPENCERS goes up, or doubles?

49%
Higher in 1 year
Modelled chance the price is above today in 12 months
48%
Higher in 5 years
Modelled chance the price is above today in 5 years
24%
Doubles in 5 years
Modelled chance of reaching ₹65 within 5 years

The bull case for SPENCERS

  • Spencer'S Retail Limited is part of the nifty500 universe with live, tracked fundamentals on Downstox.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹91.

The bear case & risks

  • SPENCERS's return on equity of 5.0% ranks in the 29th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • SPENCERS's Piotroski F-Score of 1/8 ranks in the bottom 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • High historical volatility (48%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹11.

SPENCERS volatility & expected range, how bumpy is the ride?

Over the last 7.4 years SPENCERS compounded at -25%/year with annualized volatility of 48%. That volatility implies a 1-year 80% range of ₹17-₹59, the honest backbone behind any single price target.

SPENCERS price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 7.4 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
1.1%
80% range₹17-₹59
P(price ↑)49%
P(price 2×)7%
3-Year Forecast
2029
₹0
Median (P50)
3.1%
80% range₹11-₹91
P(price ↑)49%
P(price 2×)19%
5-Year Forecast
2031
₹0
Median (P50)
5.2%
80% range₹8-₹119
P(price ↑)48%
P(price 2×)24%

SPENCERS price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
SPENCERS simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds SPENCERS hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the SPENCERS price target & forecast page.

SPENCERS Piotroski F-Score: 1/8, how financially strong is it?

1/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. SPENCERS scores 1/8, weak on the financial-strength checks.

SPENCERS MTF margin & leverage across 2 brokers

Margin Trading Facility lets you buy SPENCERS with part of the capital. Lower margin % = higher leverage. Rates compared across 2 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
DhanCHEAPEST60.00%1.7×
Kotak Neo100.00%1.0×

Compare every broker on the SPENCERS MTF page.

About Spencer'S Retail Limited: sector, index & market-cap context

Spencer'S Retail Limited (SPENCERS) is a small-cap NSE-listed company, with a market capitalisation of ₹299 Cr. See more stocks on our screener.

How the SPENCERS Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Spencer'S Retail Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

SPENCERS analysis, FAQs

Is Spencer'S Retail Limited (SPENCERS) a good buy?

On the numbers, Spencer'S Retail Limited (SPENCERS) tread carefully, a Downstox Snapshot Score of 32/100, weighing ROE of 5.0%, a 49% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is SPENCERS overvalued or undervalued?

Valuation ratios for SPENCERS are tracked live on Downstox.

What is the SPENCERS share price target for 2031?

SPENCERS's probability-weighted 2031 median target is ₹31, with an 80% range of ₹8-₹119 (10,000-path Monte-Carlo).

What is the probability SPENCERS doubles in 5 years?

The modelled probability of SPENCERS reaching ₹65 (2×) within 5 years is 24%.

What is the bull case for SPENCERS?

Spencer'S Retail Limited is part of the nifty500 universe with live, tracked fundamentals on Downstox.

What are the risks in SPENCERS?

SPENCERS's return on equity of 5.0% ranks in the 29th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. SPENCERS's Piotroski F-Score of 1/8 ranks in the bottom 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. High historical volatility (48%/yr) means a wide, bumpy range of outcomes, size positions accordingly.

More on SPENCERS