Spencers RetailNSE:SPENCERS +0.98%57 Gross Margin % is 18.81% as of Mar. 2026, which is 3% above its 10-year median of 18.23. GuruFocus rates NSE:SPENCERS with a GF Score™ of 57/100 and a GF Value™ of ₹55.14 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,109 Retail - Cyclical companies, Spencers Retail ranks worse than 77.37% on this metric.
The historical rank and industry rank for Spencers Retail's Gross Margin % or its related term are showing as below:
NSE:SPENCERS'
s Gross Margin % Range Over the Past 10 Years
Min: 15.66 Med: 18.23 Max: 20.89
Current: 20.49
During the past 9 years, the highestGross Margin % of Spencers Retail was 20.89%. The lowest was 15.66%. And the median was 18.23%.
NSE:SPENCERS's Gross Margin % is ranked worse than 77.37% of 1109
companies
in the Retail - Cyclical industry
Industry Median: 36.26
vs NSE:SPENCERS: 20.49
Spencers Retail had a gross margin of 18.81% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Spencers Retail was 4.50% per year.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Spencers Retail had a gross margin of 18.81% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Spencers Retail Gross Margin % Related Terms
Spencers Retail Gross Margin % Historical Data
* Premium members only.
The historical data trend for Spencers Retail's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Department Stores subindustry, Spencers Retail's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Spencers Retail Gross Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Spencers Retail's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Spencers Retail's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Spencers Retail (NSE:SPENCERS) has a Gross Margin % of 18.81% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Spencers Retail and its competitors. This is near median its historical median of 18.23. Over the past decade, Spencers Retail's Gross Margin % has ranged from 15.66 to 20.89. According to the industry distribution chart, Spencers Retail ranks #858 out of 1109 companies in the Retail - Cyclical industry, placing it in the top 77.4%.
Is Spencers Retail's Gross Margin % too high?
Spencers Retail's current Gross Margin % of 18.81% is near median its 10-year median of 18.23. Over the past 10 years, this metric has ranged from a low of 15.66 to a high of 20.89. The Retail - Cyclical industry median Gross Margin % is 36.26. Spencers Retail's value of 18.81% is 48.1% below this industry median. Based on the distribution chart, Spencers Retail ranks #858 out of 1109 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Spencers Retail has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Spencers Retail's Gross Margin % compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Spencers Retail ranks #858 out of 1109 companies for Gross Margin %. This places Spencers Retail in the lower half of its industry. The industry median Gross Margin % is 36.26. Spencers Retail's value of 18.81% is 48.1% below this benchmark. Historically, Spencers Retail's own Gross Margin % has ranged from 15.66 to 20.89 over the past decade. While the company's 10-year median is 18.23 vs. the industry median of 36.26, Spencers Retail has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.26, based on 1,109 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spencers Retail's current Gross Margin % of 18.81% is 48.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Spencers Retail and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spencers Retail's current Gross Margin % is 18.81%, which is near median its own 10-year median of 18.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spencers Retail stock overvalued right now?
Based on GuruFocus' analysis, Spencers Retail (NSE:SPENCERS) is currently considered Possible Value Trap. The stock's GF Value™ is ₹55.14, compared to a current price of ₹34.97 — trading 36.6% below its estimated fair value. The current Gross Margin % is 18.81%, which is near median its 10-year median of 18.23 and 48.1% below the Retail - Cyclical industry median of 36.26. Spencers Retail's overall GF Score™ is 57/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Spencers Retail (NSE:SPENCERS), the current Gross Margin % is 18.81% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Spencers Retail (NSE:SPENCERS) Overvalued in 2026?
Based on GuruFocus' analysis, Spencers Retail stock appears to be undervalued.
The current stock price of ₹34.97 is trading 36.6% below its estimated GF Value™ of ₹55.14.
GuruFocus considers Spencers Retail to be Possible Value Trap.
Key valuation signals for NSE:SPENCERS:
Gross Margin %: 18.81% (near median its 10-year median of 18.23)
GF Value™: ₹55.14 vs. price of ₹34.97 (36.6% below fair value)
Industry Position: 48.1% below the Retail - Cyclical median (#858 of 1109)
No single metric tells the full story. See the NSE:SPENCERS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spencers Retail Ltd is engaged in the retailing of goods and caters to the domestic market. The company is engaged in developing, conducting, investing, and promoting organized retail and operates departmental stores. The company provides a wide across categories such as food, personal care, fashion, home essentials, electrical, and electronics while its specialty section covers Spencer's gourmet, patisserie, wine, and liquor. The group operates only in India.
57GF Score
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