Share Price and Basic Stock Data
Last Updated: December 16, 2025, 8:36 am
| PEG Ratio | 2.68 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
SP Apparels Ltd (SPAL) operates within the competitive textiles and readymade apparel sector in India. The company has shown a commendable trajectory in revenue growth, with sales rising from ₹859 Cr in FY 2022 to ₹1,081 Cr in FY 2023, reflecting a healthy increase of 26% year-on-year. This upward trend continued into FY 2024, with revenues reported at ₹1,087 Cr, and trailing twelve months (TTM) figures indicating further growth to ₹1,553 Cr. The quarterly sales data illustrates some fluctuations, particularly in the June quarters, where sales dipped to ₹248 Cr in June 2023 but rebounded to ₹391 Cr by September 2024. Such volatility may be attributed to seasonal demand fluctuations typical in the apparel sector. Overall, SPAL’s ability to maintain a robust sales trajectory amidst market dynamics suggests an effective strategic positioning for growth.
Profitability and Efficiency Metrics
Analyzing SPAL’s profitability metrics reveals a company that is generally efficient but faces pressures typical of the textiles sector. The operating profit margin (OPM) stood at 13% for FY 2025, showcasing a slight decline from 14% in FY 2024. This could indicate rising costs or competitive pricing pressures, which are critical factors in the apparel industry. Despite these challenges, net profit increased to ₹98 Cr in FY 2025, with a net profit margin of 6.81%, down from 8.24% in the previous year. The interest coverage ratio (ICR) of 5.97x suggests that SPAL is comfortably managing its interest obligations, reflecting a sound operational performance. However, the cash conversion cycle stretching to 216 days signals potential inefficiencies in inventory management or receivables collection, an area that may warrant closer scrutiny for better capital utilization.
Balance Sheet Strength and Financial Ratios
The balance sheet of SPAL indicates a reasonably solid financial foundation, although some ratios reflect areas for improvement. Total borrowings stood at ₹405 Cr against reserves of ₹873 Cr, resulting in a manageable debt-to-equity ratio of 0.41. This suggests that the company is not overly leveraged, which is a positive sign for risk-averse investors. The return on equity (ROE) at 11.7% and return on capital employed (ROCE) at 14.2% reflect satisfactory returns, though they are modest compared to industry leaders. The current ratio of 1.46 indicates that SPAL is in a comfortable position to cover its short-term liabilities, while the quick ratio of 0.72 points towards a potential liquidity concern should unexpected expenses arise. Overall, while the company displays resilience, enhancing operational efficiency could further bolster financial health.
Shareholding Pattern and Investor Confidence
SPAL’s shareholding structure reveals a strong promoter presence, with promoters holding 61.93% of the company’s equity. This level of control can instill confidence among retail investors, as it suggests alignment of management interests with those of shareholders. Institutional investors, including domestic institutions (DIIs) at 19.79% and foreign institutional investors (FIIs) at 1.49%, provide a layer of credibility and support for the stock. However, the gradual decline in the number of shareholders—from 19,612 in December 2022 to 17,095 in September 2025—could indicate waning retail interest or market saturation. While institutional backing is encouraging, SPAL may need to engage more effectively with retail investors to sustain market confidence and support for its stock.
Outlook, Risks, and Final Insight
Looking ahead, SPAL faces a mixed outlook characterized by both opportunities and risks. The increasing demand for sustainable and ethically produced apparel could work in SPAL’s favor, especially if the company positions itself as a leader in this niche. However, the apparel industry remains susceptible to fluctuations in raw material prices, which could squeeze margins further. Additionally, the company’s cash conversion cycle highlights potential inefficiencies that, if unaddressed, could impact liquidity and operational flexibility. Investors should also be wary of the potential for increased competition in both domestic and international markets, which could further pressure pricing and profitability. In conclusion, while SPAL exhibits solid fundamentals and growth potential, its ability to navigate operational challenges will be key to sustaining investor confidence and achieving long-term success.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Haria Exports Ltd | 8.07 Cr. | 6.99 | 10.2/4.73 | 53.8 | 12.3 | 0.00 % | 0.78 % | 0.78 % | 10.0 |
| Haria Apparels Ltd | 10.0 Cr. | 6.55 | 7.65/4.35 | 9.02 | 4.35 | 0.00 % | 15.1 % | 14.7 % | 10.0 |
| Garment Mantra Lifestyle Ltd | 29.7 Cr. | 1.48 | 2.15/1.05 | 5.77 | 1.13 | 0.00 % | 7.38 % | 7.31 % | 1.00 |
| Cityman Ltd | 16.9 Cr. | 14.5 | 27.7/12.8 | 5.74 | 0.00 % | 4.18 % | % | 10.0 | |
| Bizotic Commercial Ltd | 749 Cr. | 931 | 1,049/70.1 | 69.1 | 82.7 | 0.00 % | 11.4 % | 7.61 % | 10.0 |
| Industry Average | 4,102.45 Cr | 1,376.83 | 37.66 | 143.35 | 0.23% | 11.30% | 15.68% | 7.21 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 246 | 306 | 251 | 275 | 248 | 292 | 252 | 295 | 245 | 391 | 359 | 399 | 403 |
| Expenses | 203 | 268 | 229 | 235 | 212 | 246 | 218 | 254 | 212 | 342 | 308 | 345 | 351 |
| Operating Profit | 43 | 38 | 22 | 40 | 36 | 47 | 34 | 41 | 33 | 50 | 51 | 54 | 53 |
| OPM % | 17% | 12% | 9% | 14% | 15% | 16% | 14% | 14% | 13% | 13% | 14% | 14% | 13% |
| Other Income | 7 | 9 | 8 | 2 | 4 | 6 | 5 | 2 | 3 | 2 | 3 | 4 | 2 |
| Interest | 5 | 8 | 2 | 7 | 6 | 4 | 5 | 3 | 5 | 11 | 8 | 10 | 12 |
| Depreciation | 10 | 8 | 9 | 9 | 9 | 10 | 9 | 9 | 10 | 11 | 12 | 11 | 11 |
| Profit before tax | 35 | 30 | 19 | 25 | 25 | 38 | 24 | 30 | 21 | 30 | 34 | 37 | 31 |
| Tax % | 27% | 25% | 32% | 19% | 40% | 26% | 28% | 5% | 12% | 28% | 29% | 19% | 32% |
| Net Profit | 26 | 23 | 13 | 21 | 15 | 29 | 18 | 28 | 18 | 22 | 24 | 30 | 21 |
| EPS in Rs | 10.06 | 8.92 | 5.28 | 8.21 | 5.98 | 11.38 | 7.03 | 11.35 | 7.20 | 8.75 | 9.64 | 12.12 | 8.53 |
Last Updated: August 20, 2025, 4:20 am
Below is a detailed analysis of the quarterly data for SP Apparels Ltd (SPAL) based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 403.00 Cr.. The value appears strong and on an upward trend. It has increased from 399.00 Cr. (Mar 2025) to 403.00 Cr., marking an increase of 4.00 Cr..
- For Expenses, as of Jun 2025, the value is 351.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 345.00 Cr. (Mar 2025) to 351.00 Cr., marking an increase of 6.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 53.00 Cr.. The value appears to be declining and may need further review. It has decreased from 54.00 Cr. (Mar 2025) to 53.00 Cr., marking a decrease of 1.00 Cr..
- For OPM %, as of Jun 2025, the value is 13.00%. The value appears to be declining and may need further review. It has decreased from 14.00% (Mar 2025) to 13.00%, marking a decrease of 1.00%.
- For Other Income, as of Jun 2025, the value is 2.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4.00 Cr. (Mar 2025) to 2.00 Cr., marking a decrease of 2.00 Cr..
- For Interest, as of Jun 2025, the value is 12.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 10.00 Cr. (Mar 2025) to 12.00 Cr., marking an increase of 2.00 Cr..
- For Depreciation, as of Jun 2025, the value is 11.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 11.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 31.00 Cr.. The value appears to be declining and may need further review. It has decreased from 37.00 Cr. (Mar 2025) to 31.00 Cr., marking a decrease of 6.00 Cr..
- For Tax %, as of Jun 2025, the value is 32.00%. The value appears to be increasing, which may not be favorable. It has increased from 19.00% (Mar 2025) to 32.00%, marking an increase of 13.00%.
- For Net Profit, as of Jun 2025, the value is 21.00 Cr.. The value appears to be declining and may need further review. It has decreased from 30.00 Cr. (Mar 2025) to 21.00 Cr., marking a decrease of 9.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 8.53. The value appears to be declining and may need further review. It has decreased from 12.12 (Mar 2025) to 8.53, marking a decrease of 3.59.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 4:43 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 450 | 471 | 532 | 632 | 662 | 825 | 808 | 652 | 859 | 1,081 | 1,087 | 1,395 | 1,589 |
| Expenses | 386 | 403 | 447 | 528 | 555 | 691 | 724 | 547 | 707 | 935 | 929 | 1,207 | 1,369 |
| Operating Profit | 64 | 69 | 85 | 104 | 106 | 134 | 84 | 105 | 152 | 146 | 158 | 188 | 220 |
| OPM % | 14% | 15% | 16% | 16% | 16% | 16% | 10% | 16% | 18% | 14% | 15% | 13% | 14% |
| Other Income | 1 | 7 | -12 | 21 | 16 | 3 | 13 | 1 | 9 | 20 | 16 | 12 | 16 |
| Interest | 36 | 31 | 25 | 18 | 29 | 6 | 23 | 14 | 12 | 19 | 19 | 33 | 40 |
| Depreciation | 18 | 20 | 20 | 19 | 22 | 22 | 30 | 32 | 35 | 36 | 38 | 43 | 46 |
| Profit before tax | 12 | 24 | 28 | 87 | 71 | 109 | 44 | 59 | 115 | 111 | 118 | 123 | 150 |
| Tax % | 46% | 60% | 33% | 38% | 33% | 33% | -6% | 27% | 26% | 26% | 24% | 23% | |
| Net Profit | 6 | 10 | 19 | 54 | 48 | 73 | 47 | 43 | 85 | 83 | 90 | 95 | 111 |
| EPS in Rs | 3.97 | 5.98 | 10.98 | 21.30 | 19.00 | 28.56 | 18.26 | 16.80 | 32.96 | 32.88 | 35.72 | 37.90 | 44.12 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 3% | 0% | 0% | 13% | 0% | 9% | 0% | 0% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 66.67% | 90.00% | 184.21% | -11.11% | 52.08% | -35.62% | -8.51% | 97.67% | -2.35% | 8.43% | 5.56% |
| Change in YoY Net Profit Growth (%) | 0.00% | 23.33% | 94.21% | -195.32% | 63.19% | -87.70% | 27.11% | 106.19% | -100.03% | 10.79% | -2.88% |
SP Apparels Ltd (SPAL) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 12% |
| 3 Years: | 18% |
| TTM: | 43% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 11% |
| 3 Years: | 4% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 49% |
| 3 Years: | 18% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 12% |
| 3 Years: | 12% |
| Last Year: | 12% |
Last Updated: September 5, 2025, 1:15 pm
Balance Sheet
Last Updated: December 4, 2025, 1:54 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 25 | 25 | 26 | 26 | 26 | 26 | 25 | 25 | 25 | 25 |
| Reserves | 50 | 59 | 96 | 332 | 372 | 458 | 498 | 533 | 612 | 649 | 739 | 831 | 873 |
| Borrowings | 358 | 304 | 279 | 185 | 223 | 211 | 226 | 194 | 231 | 245 | 203 | 381 | 405 |
| Other Liabilities | 100 | 140 | 169 | 134 | 189 | 192 | 143 | 160 | 193 | 179 | 175 | 219 | 224 |
| Total Liabilities | 525 | 520 | 561 | 677 | 810 | 887 | 892 | 912 | 1,062 | 1,097 | 1,142 | 1,456 | 1,527 |
| Fixed Assets | 285 | 275 | 277 | 299 | 307 | 317 | 444 | 444 | 450 | 459 | 454 | 595 | 688 |
| CWIP | 0 | 0 | 4 | 0 | 6 | 54 | 0 | 10 | 8 | 10 | 19 | 31 | 10 |
| Investments | 1 | 1 | 1 | 58 | 31 | 0 | 0 | 0 | 0 | 113 | 51 | 10 | 25 |
| Other Assets | 240 | 244 | 280 | 319 | 465 | 515 | 448 | 458 | 604 | 515 | 618 | 821 | 805 |
| Total Assets | 525 | 520 | 561 | 677 | 810 | 887 | 892 | 912 | 1,062 | 1,097 | 1,142 | 1,456 | 1,527 |
Below is a detailed analysis of the balance sheet data for SP Apparels Ltd (SPAL) based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 25.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 25.00 Cr..
- For Reserves, as of Sep 2025, the value is 873.00 Cr.. The value appears strong and on an upward trend. It has increased from 831.00 Cr. (Mar 2025) to 873.00 Cr., marking an increase of 42.00 Cr..
- For Borrowings, as of Sep 2025, the value is 405.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 381.00 Cr. (Mar 2025) to 405.00 Cr., marking an increase of 24.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 224.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 219.00 Cr. (Mar 2025) to 224.00 Cr., marking an increase of 5.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 1,527.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,456.00 Cr. (Mar 2025) to 1,527.00 Cr., marking an increase of 71.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 688.00 Cr.. The value appears strong and on an upward trend. It has increased from 595.00 Cr. (Mar 2025) to 688.00 Cr., marking an increase of 93.00 Cr..
- For CWIP, as of Sep 2025, the value is 10.00 Cr.. The value appears to be declining and may need further review. It has decreased from 31.00 Cr. (Mar 2025) to 10.00 Cr., marking a decrease of 21.00 Cr..
- For Investments, as of Sep 2025, the value is 25.00 Cr.. The value appears strong and on an upward trend. It has increased from 10.00 Cr. (Mar 2025) to 25.00 Cr., marking an increase of 15.00 Cr..
- For Other Assets, as of Sep 2025, the value is 805.00 Cr.. The value appears to be declining and may need further review. It has decreased from 821.00 Cr. (Mar 2025) to 805.00 Cr., marking a decrease of 16.00 Cr..
- For Total Assets, as of Sep 2025, the value is 1,527.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,456.00 Cr. (Mar 2025) to 1,527.00 Cr., marking an increase of 71.00 Cr..
Notably, the Reserves (873.00 Cr.) exceed the Borrowings (405.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -294.00 | -235.00 | -194.00 | -81.00 | -117.00 | -77.00 | -142.00 | -89.00 | -79.00 | -99.00 | -45.00 | -193.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 58 | 56 | 78 | 91 | 57 | 42 | 65 | 49 | 35 | 55 | 66 |
| Inventory Days | 221 | 190 | 228 | 147 | 268 | 277 | 233 | 327 | 342 | 223 | 214 | 234 |
| Days Payable | 131 | 173 | 209 | 101 | 145 | 122 | 86 | 123 | 116 | 74 | 80 | 83 |
| Cash Conversion Cycle | 134 | 74 | 75 | 123 | 215 | 212 | 189 | 269 | 275 | 184 | 190 | 216 |
| Working Capital Days | 99 | -79 | -58 | 20 | 39 | 42 | 46 | 74 | 81 | 26 | 53 | 50 |
| ROCE % | 11% | 14% | 18% | 23% | 17% | 18% | 11% | 10% | 16% | 15% | 13% | 14% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| DSP Small Cap Fund | 1,969,499 | 0.91 | 154.18 | 2,075,185 | 2025-12-15 01:44:22 | -5.09% |
| Franklin India Small Cap Fund | 553,032 | 0.32 | 43.29 | 612,600 | 2025-12-15 01:44:22 | -9.72% |
| UTI Aggressive Hybrid Fund | 390,667 | 0.46 | 30.58 | 471,940 | 2025-12-08 03:26:51 | -17.22% |
| UTI Retirement Fund | 103,685 | 0.17 | 8.12 | 123,604 | 2025-12-08 06:44:00 | -16.12% |
| LIC MF Flexi Cap Fund | 90,621 | 0.66 | 7.09 | N/A | N/A | N/A |
| LIC MF Small Cap Fund | 66,808 | 0.84 | 5.23 | 20,473 | 2025-12-08 02:25:41 | 226.32% |
| Mahindra Manulife Equity Savings Fund | 35,035 | 0.5 | 2.74 | N/A | N/A | N/A |
| LIC MF Value Fund | 11,409 | 0.44 | 0.89 | 11,927 | 2025-12-15 01:44:22 | -4.34% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 37.90 | 35.72 | 32.37 | 32.96 | 16.80 |
| Diluted EPS (Rs.) | 37.90 | 35.72 | 32.37 | 32.96 | 16.80 |
| Cash EPS (Rs.) | 55.15 | 50.76 | 47.29 | 46.42 | 29.38 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 341.27 | 301.76 | 265.86 | 245.69 | 214.82 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 341.27 | 301.76 | 265.86 | 245.69 | 214.82 |
| Revenue From Operations / Share (Rs.) | 555.99 | 433.33 | 429.55 | 334.50 | 253.89 |
| PBDIT / Share (Rs.) | 79.70 | 69.38 | 65.97 | 62.75 | 41.15 |
| PBIT / Share (Rs.) | 62.45 | 54.33 | 51.56 | 49.29 | 28.57 |
| PBT / Share (Rs.) | 49.10 | 46.88 | 44.14 | 44.68 | 23.02 |
| Net Profit / Share (Rs.) | 37.90 | 35.72 | 32.88 | 32.96 | 16.80 |
| NP After MI And SOA / Share (Rs.) | 37.90 | 35.72 | 32.88 | 32.99 | 16.82 |
| PBDIT Margin (%) | 14.33 | 16.01 | 15.35 | 18.76 | 16.20 |
| PBIT Margin (%) | 11.23 | 12.53 | 12.00 | 14.73 | 11.25 |
| PBT Margin (%) | 8.83 | 10.81 | 10.27 | 13.35 | 9.06 |
| Net Profit Margin (%) | 6.81 | 8.24 | 7.65 | 9.85 | 6.61 |
| NP After MI And SOA Margin (%) | 6.81 | 8.24 | 7.65 | 9.86 | 6.62 |
| Return on Networth / Equity (%) | 11.10 | 11.73 | 12.24 | 13.29 | 7.73 |
| Return on Capital Employeed (%) | 16.54 | 16.49 | 17.33 | 16.99 | 11.28 |
| Return On Assets (%) | 6.53 | 7.85 | 7.52 | 7.98 | 4.74 |
| Long Term Debt / Equity (X) | 0.04 | 0.01 | 0.01 | 0.05 | 0.09 |
| Total Debt / Equity (X) | 0.41 | 0.23 | 0.32 | 0.31 | 0.32 |
| Asset Turnover Ratio (%) | 1.07 | 0.97 | 0.99 | 0.76 | 0.64 |
| Current Ratio (X) | 1.46 | 1.91 | 1.61 | 1.79 | 1.67 |
| Quick Ratio (X) | 0.72 | 1.07 | 0.76 | 0.74 | 0.74 |
| Inventory Turnover Ratio (X) | 4.39 | 1.15 | 1.13 | 1.11 | 0.76 |
| Dividend Payout Ratio (NP) (%) | 0.00 | 8.39 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 0.00 | 5.90 | 0.00 | 0.00 | 0.00 |
| Earning Retention Ratio (%) | 0.00 | 91.61 | 0.00 | 0.00 | 0.00 |
| Cash Earning Retention Ratio (%) | 0.00 | 94.10 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio (X) | 5.97 | 9.31 | 8.89 | 13.60 | 7.41 |
| Interest Coverage Ratio (Post Tax) (X) | 3.84 | 5.79 | 5.43 | 8.15 | 4.02 |
| Enterprise Value (Cr.) | 2022.74 | 1548.80 | 951.04 | 1012.32 | 529.17 |
| EV / Net Operating Revenue (X) | 1.45 | 1.42 | 0.88 | 1.18 | 0.81 |
| EV / EBITDA (X) | 10.11 | 8.90 | 5.75 | 6.28 | 5.01 |
| MarketCap / Net Operating Revenue (X) | 1.23 | 1.34 | 0.74 | 1.02 | 0.60 |
| Retention Ratios (%) | 0.00 | 91.60 | 0.00 | 0.00 | 0.00 |
| Price / BV (X) | 2.00 | 1.91 | 1.20 | 1.38 | 0.70 |
| Price / Net Operating Revenue (X) | 1.23 | 1.34 | 0.74 | 1.02 | 0.60 |
| EarningsYield | 0.05 | 0.06 | 0.10 | 0.09 | 0.10 |
After reviewing the key financial ratios for SP Apparels Ltd (SPAL), here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 37.90. This value is within the healthy range. It has increased from 35.72 (Mar 24) to 37.90, marking an increase of 2.18.
- For Diluted EPS (Rs.), as of Mar 25, the value is 37.90. This value is within the healthy range. It has increased from 35.72 (Mar 24) to 37.90, marking an increase of 2.18.
- For Cash EPS (Rs.), as of Mar 25, the value is 55.15. This value is within the healthy range. It has increased from 50.76 (Mar 24) to 55.15, marking an increase of 4.39.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 341.27. It has increased from 301.76 (Mar 24) to 341.27, marking an increase of 39.51.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 341.27. It has increased from 301.76 (Mar 24) to 341.27, marking an increase of 39.51.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 555.99. It has increased from 433.33 (Mar 24) to 555.99, marking an increase of 122.66.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 79.70. This value is within the healthy range. It has increased from 69.38 (Mar 24) to 79.70, marking an increase of 10.32.
- For PBIT / Share (Rs.), as of Mar 25, the value is 62.45. This value is within the healthy range. It has increased from 54.33 (Mar 24) to 62.45, marking an increase of 8.12.
- For PBT / Share (Rs.), as of Mar 25, the value is 49.10. This value is within the healthy range. It has increased from 46.88 (Mar 24) to 49.10, marking an increase of 2.22.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 37.90. This value is within the healthy range. It has increased from 35.72 (Mar 24) to 37.90, marking an increase of 2.18.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 37.90. This value is within the healthy range. It has increased from 35.72 (Mar 24) to 37.90, marking an increase of 2.18.
- For PBDIT Margin (%), as of Mar 25, the value is 14.33. This value is within the healthy range. It has decreased from 16.01 (Mar 24) to 14.33, marking a decrease of 1.68.
- For PBIT Margin (%), as of Mar 25, the value is 11.23. This value is within the healthy range. It has decreased from 12.53 (Mar 24) to 11.23, marking a decrease of 1.30.
- For PBT Margin (%), as of Mar 25, the value is 8.83. This value is below the healthy minimum of 10. It has decreased from 10.81 (Mar 24) to 8.83, marking a decrease of 1.98.
- For Net Profit Margin (%), as of Mar 25, the value is 6.81. This value is within the healthy range. It has decreased from 8.24 (Mar 24) to 6.81, marking a decrease of 1.43.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 6.81. This value is below the healthy minimum of 8. It has decreased from 8.24 (Mar 24) to 6.81, marking a decrease of 1.43.
- For Return on Networth / Equity (%), as of Mar 25, the value is 11.10. This value is below the healthy minimum of 15. It has decreased from 11.73 (Mar 24) to 11.10, marking a decrease of 0.63.
- For Return on Capital Employeed (%), as of Mar 25, the value is 16.54. This value is within the healthy range. It has increased from 16.49 (Mar 24) to 16.54, marking an increase of 0.05.
- For Return On Assets (%), as of Mar 25, the value is 6.53. This value is within the healthy range. It has decreased from 7.85 (Mar 24) to 6.53, marking a decrease of 1.32.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.04. This value is below the healthy minimum of 0.2. It has increased from 0.01 (Mar 24) to 0.04, marking an increase of 0.03.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.41. This value is within the healthy range. It has increased from 0.23 (Mar 24) to 0.41, marking an increase of 0.18.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.07. It has increased from 0.97 (Mar 24) to 1.07, marking an increase of 0.10.
- For Current Ratio (X), as of Mar 25, the value is 1.46. This value is below the healthy minimum of 1.5. It has decreased from 1.91 (Mar 24) to 1.46, marking a decrease of 0.45.
- For Quick Ratio (X), as of Mar 25, the value is 0.72. This value is below the healthy minimum of 1. It has decreased from 1.07 (Mar 24) to 0.72, marking a decrease of 0.35.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 4.39. This value is within the healthy range. It has increased from 1.15 (Mar 24) to 4.39, marking an increase of 3.24.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 8.39 (Mar 24) to 0.00, marking a decrease of 8.39.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 5.90 (Mar 24) to 0.00, marking a decrease of 5.90.
- For Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 91.61 (Mar 24) to 0.00, marking a decrease of 91.61.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 94.10 (Mar 24) to 0.00, marking a decrease of 94.10.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 5.97. This value is within the healthy range. It has decreased from 9.31 (Mar 24) to 5.97, marking a decrease of 3.34.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 3.84. This value is within the healthy range. It has decreased from 5.79 (Mar 24) to 3.84, marking a decrease of 1.95.
- For Enterprise Value (Cr.), as of Mar 25, the value is 2,022.74. It has increased from 1,548.80 (Mar 24) to 2,022.74, marking an increase of 473.94.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.45. This value is within the healthy range. It has increased from 1.42 (Mar 24) to 1.45, marking an increase of 0.03.
- For EV / EBITDA (X), as of Mar 25, the value is 10.11. This value is within the healthy range. It has increased from 8.90 (Mar 24) to 10.11, marking an increase of 1.21.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.23. This value is within the healthy range. It has decreased from 1.34 (Mar 24) to 1.23, marking a decrease of 0.11.
- For Retention Ratios (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 30. It has decreased from 91.60 (Mar 24) to 0.00, marking a decrease of 91.60.
- For Price / BV (X), as of Mar 25, the value is 2.00. This value is within the healthy range. It has increased from 1.91 (Mar 24) to 2.00, marking an increase of 0.09.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.23. This value is within the healthy range. It has decreased from 1.34 (Mar 24) to 1.23, marking a decrease of 0.11.
- For EarningsYield, as of Mar 25, the value is 0.05. This value is below the healthy minimum of 5. It has decreased from 0.06 (Mar 24) to 0.05, marking a decrease of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in SP Apparels Ltd (SPAL):
- Net Profit Margin: 6.81%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 16.54% (Industry Average ROCE: 11.3%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 11.1% (Industry Average ROE: 15.68%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 3.84
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0.72
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 16.1 (Industry average Stock P/E: 37.66)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.41
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 6.81%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Textiles - Readymade Apparels | No.39-A, Extension Street, Kaikattipudur, Tiruppur District Tamil Nadu 641654 | spindia@s-p-apparels.com http://www.s-p-apparels.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. P Sundararajan | Chairman & Managing Director |
| Mrs. S Shantha | Joint Managing Director |
| Mr. S Chenduran | Joint Managing Director |
| Mrs. S Latha | Executive Director |
| Mr. A S Anandkumar | Independent Director |
| Mr. C R Rajagopal | Independent Director |
| Mrs. H Lakshmi Priya | Independent Director |
| Mr. B Ravishankar | Independent Director |
FAQ
What is the intrinsic value of SP Apparels Ltd (SPAL)?
SP Apparels Ltd (SPAL)'s intrinsic value (as of 16 December 2025) is 541.00 which is 23.70% lower the current market price of 709.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,779 Cr. market cap, FY2025-2026 high/low of 990/610, reserves of ₹873 Cr, and liabilities of 1,527 Cr.
What is the Market Cap of SP Apparels Ltd (SPAL)?
The Market Cap of SP Apparels Ltd (SPAL) is 1,779 Cr..
What is the current Stock Price of SP Apparels Ltd (SPAL) as on 16 December 2025?
The current stock price of SP Apparels Ltd (SPAL) as on 16 December 2025 is 709.
What is the High / Low of SP Apparels Ltd (SPAL) stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of SP Apparels Ltd (SPAL) stocks is 990/610.
What is the Stock P/E of SP Apparels Ltd (SPAL)?
The Stock P/E of SP Apparels Ltd (SPAL) is 16.1.
What is the Book Value of SP Apparels Ltd (SPAL)?
The Book Value of SP Apparels Ltd (SPAL) is 358.
What is the Dividend Yield of SP Apparels Ltd (SPAL)?
The Dividend Yield of SP Apparels Ltd (SPAL) is 0.28 %.
What is the ROCE of SP Apparels Ltd (SPAL)?
The ROCE of SP Apparels Ltd (SPAL) is 14.2 %.
What is the ROE of SP Apparels Ltd (SPAL)?
The ROE of SP Apparels Ltd (SPAL) is 11.7 %.
What is the Face Value of SP Apparels Ltd (SPAL)?
The Face Value of SP Apparels Ltd (SPAL) is 10.0.