SPAL

S.P. Apparels Ltd.

NSE: SPAL

BSE: 540048

Sector: Textiles

Industry Group: Textiles & Apparels

Industry: Garments & Apparels

1,041.00-23.0 (-2.16%)

8 Sep, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

61.6 / 100

Value Score

68.2 / 100

Price Momentum Score

85.4 / 100

QVM Score

91.6 / 100

Key Metrics

Market Cap

2616.97

P/E (TTM)

24.88

P/B

2.77

P/S (TTM)

1.66

EV/EBITDA

13.10

CAPE (5Y)

28.23

ROE (TTM)

11.17

ROCE (TTM)

13.07

ROA (TTM)

6.63

Avg 3Y ROE

11.73

Earnings 3Y CAGR

13.82

Sales 3Y CAGR

13.44

Sales 5Y CAGR

19.48

Debt/Equity

0.44

Consensus TP

1137.50

Strong Buy %

Promoter Holding

61.81

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of S.P. Apparels Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong price momentum

Price Momentum score of 85.4 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

85.4 / 100

Analysts have been raising forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has increased by 0.78% in the last 3 months, indicating earnings momentum

What is Earnings upgrade (3M)?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.44 as on 30 Jun 2026 and Debt to Equity decreased marginally by 0.01 in the last 1 year

What is Debt to Equity?

Company's earnings are of high quality

Earnings quality score of 72.4 indicates that the company's earnings are of high quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

72.4 / 100

Negative

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of 1.48% for 12-month ended 30 Jun 2026 and the growth was 6.17 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 7.65

Value 1.48

-54.36122.56

Low EPS growth and in line with median growth of industry

The company delivered low EPS growth of 7.26% for 12-month ended 30 Jun 2026 and the growth was 1.24 percentage points lower than median growth of industry

What is EPS growth (1Y)?

Low dividend yield

The company has a low dividend yield of 0.19%

What is Dividend yield?

Neutral

Reasonably valued but PE TTM is at a premium to industry median P/E

PE TTM of 24.88 indicates that the stock is reasonably valued on a standalone basis but is at a 32.27% premium to industry median P/E

What is P/E Ratio?

Median: 18.81

Value 24.88

4.772126.73

Moderate and stable ROE

The company reported moderate ROE of 11.17% for 12-month ended 30 Jun 2026 and ROE declined marginally by -50 bps from 1 year ago

What is ROE (FY)?

Moderate and stable operating margin

The company reported moderate operating margin of 11.19% for 12-month ended 30 Jun 2026 and operating margin improved marginally by 69 bps from 1 year ago

What is Operating profit margin?

Financial Snapshot

See detailed analysis

Multi-year trends for S.P. Apparels Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

S.P. Apparels Ltd. Shareholding Pattern

Quarterly breakdown of S.P. Apparels Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	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	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	61.64	61.64	61.69	61.69	61.69	61.69	61.69	61.69	61.69	61.69	61.69	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.81	61.81
Indian Promoter	61.64	61.64	61.69	61.69	61.69	61.69	61.69	61.69	61.69	61.69	61.69	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.93	61.81	61.81
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	21.60	15.44	14.54	14.88	14.75	14.79	15.72	15.99	16.24	17.66	18.02	18.84	18.83	18.66	19.96	20.46	20.40	20.83	21.19	21.68	21.49	21.75	21.27	20.56	18.05	17.64
Mutual Funds / UTI	13.66	13.66	14.54	14.73	14.73	14.74	15.30	15.01	15.05	16.34	16.76	17.49	17.49	16.92	17.27	17.88	17.37	17.72	18.15	18.25	18.43	18.67	18.44	17.36	15.07	14.64
FI/Bank/Insurance	1.68	1.65	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.60	0.60	0.60	0.60	0.60	0.61
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	6.27	0.13	0.00	0.15	0.02	0.05	0.42	0.98	1.19	1.31	1.16	1.23	1.09	1.07	1.50	1.39	1.53	1.59	1.64	1.83	1.81	1.83	1.49	1.83	1.48	1.49
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.10	0.12	0.24	0.68	1.20	1.20	1.50	1.53	1.41	1.09	0.65	0.65	0.75	0.77	0.90	0.90
Non-Institution	16.76	22.92	23.77	23.44	23.57	23.52	22.59	22.33	22.07	20.66	20.30	19.23	19.24	19.41	18.11	17.61	17.67	17.24	16.87	16.40	16.59	16.32	16.80	17.52	20.14	20.55
Bodies Corporate	1.77	1.88	1.62	1.59	2.08	1.59	1.31	1.33	1.16	1.32	1.16	1.47	1.21	1.25	1.07	1.12	1.31	1.47	1.31	1.37	1.24	1.28	1.22	2.06	2.30	1.44
Others (incl. Retail) No. of shareholders	14.99 11,642	21.04 12,699	22.15 12,825	21.85 12,484	21.49 11,961	21.93 14,931	21.28 15,311	21.00 15,185	20.91 18,203	19.34 19,530	19.14 26,674	17.76 19,439	18.03 18,233	18.16 17,604	17.04 17,012	16.49 16,184	16.36 15,442	15.77 15,090	15.56 15,813	15.03 16,529	15.35 16,525	15.04 16,563	15.58 16,803	15.46 15,529	17.84 16,827	19.11 17,107

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Garments & Apparels	4.18%	10 / 16

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in S.P. Apparels Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
CARNELIAN ASSET MANAGEMENT & ADVISORS PRIVATE LIMITED	28 Aug 2026	buy	₹ 925.00	5.00 lac	₹ 46.25 cr
SUNDARARAJAN PERUMAL MUDALIAR	28 Aug 2026	sell	₹ 925.00	5.00 lac	₹ 46.25 cr

Corporate Actions

History of S.P. Apparels Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 3/share
Record date: 4th Sep 2026Ex-date: 4th Sep 2026
Announced on: 11th Aug 2026
Dividend₹ 2/share
Record date: 25th Aug 2025Ex-date: 25th Aug 2025
Announced on: 6th Aug 2025
Dividend₹ 3/share
Record date: 15th Sep 2023Ex-date: 15th Sep 2023
Announced on: 11th Aug 2023
Others
Ex-date: 6th Oct 2022Announced on: 21st Sep 2022
On market tender offer. Shares Repurchased 600000. Total Amount Returned INR 351000000.
Dividend₹ 2.25/share
Record date: 6th Sep 2021Ex-date: 3rd Sep 2021
Announced on: 21st Jun 2021

Company Profile

Overview of S.P. Apparels Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

S.P.Apparels Limited is an India-based manufacturer and exporter of knitted garments for infants and children. The Company provides end-to-end garment manufacturing services from gray fabric to finished products, which include body suits, sleepsuits, tops, and bottoms. The Company’s subsidiaries inc...

Key personnel

Mr. V. Balaji

Chief Financial Officer

Mrs. P.V. Jeeva

Chief Executive Officer - Garments Division

Mrs. K. Vinodhini

Compliance Officer, Company Secretary

Mr. Perumal Sundararajan MudaliarD

Chairman of the Board, Managing Director

Sri. Sundararajan ChenduranD

Joint Managing Director, Executive Director

Smt. Sundararajan ShanthaD

Joint Managing Director, Executive Director

Mrs. Sundararajan LathaD

Whole-Time Director

Mr. Aravinda Sundara Anand KumarD

Non-Executive Independent Director

View all

Incorporated on

18 Nov 2005

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

13,534

IPO date

12 Aug 2016

Free Float

97,51,380

Website

https://www.s-p-apparels.com/

Phone no.

+914296304000

Address

39 - A, Extention Street, Kaikattipudur, Avinashi, TIRUPPUR, 641654, India

Frequently Asked Questions

What is the current share price of S.P. Apparels Ltd.?

The current share price of S.P. Apparels Ltd. is ₹ 1,041.00 as of 8 Sep 2026.

What is the market capitalisation of S.P. Apparels Ltd.?

The market capitalisation of S.P. Apparels Ltd. stands at ₹ 2,616.97 Cr.

What is the PE ratio of S.P. Apparels Ltd.?

The Price-to-Earnings (PE) ratio of S.P. Apparels Ltd. is 24.88 as of the latest trailing twelve months data.

What is the ROE and ROCE of S.P. Apparels Ltd.?

S.P. Apparels Ltd. has a Return on Equity (ROE) of 11.17% and a Return on Capital Employed (ROCE) of 13.07% as per the latest financial reports.

What is the 52-week high and low of S.P. Apparels Ltd.?

The 52-week high of S.P. Apparels Ltd. is - and the 52-week low is -.

What is the dividend yield of S.P. Apparels Ltd.?

The dividend yield of S.P. Apparels Ltd. is 0.19% based on the current market price.

What is the FII and DII holding in S.P. Apparels Ltd.?

Foreign Institutional Investors (FII) hold 1.49%, Domestic Institutional Investors (DII) hold 15.25% and retail/public investors hold 19.11% of S.P. Apparels Ltd. shares.

What sector does S.P. Apparels Ltd. belong to?

S.P. Apparels Ltd. operates in the Textiles sector.

What is the beta of S.P. Apparels Ltd.?

The beta of S.P. Apparels Ltd. is 0.74, indicating its price volatility relative to the broader market. Over the past 1 year, S.P. Apparels Ltd. has delivered an absolute return of 42.97%.

What is the RSI of S.P. Apparels Ltd.?

The 14-day Relative Strength Index (RSI) of S.P. Apparels Ltd. is 55.17, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

S.P. Apparels Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

S.P. Apparels Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Holdings and Presence

Company Profile

Corporate Actions