S.P. Apparels (SPAL) Stock Overview
Manufactures and exports knitted garments for infants and children in India and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
Rewards
Risk Analysis
No risks detected for SPAL from our risk checks.
SPAL Community Fair Values
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Analyst Price Targets
S.P. Apparels Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹830.95 |
| 52 Week High | ₹931.25 |
| 52 Week Low | ₹600.00 |
| Beta | -0.089 |
| 1 Month Change | 6.56% |
| 3 Month Change | 17.70% |
| 1 Year Change | 0.52% |
| 3 Year Change | 83.43% |
| 5 Year Change | 270.46% |
| Change since IPO | 192.02% |
Recent News & Updates
Analysis Article • Jun 04
Here's Why We Think S.P. Apparels (NSE:SPAL) Is Well Worth Watching
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Narrative Update • Apr 06
SPAL: Upcoming Board And Shareholder Decisions Will Support Future Rerating Potential
Analysts have kept the fair value estimate for S.P. Apparels steady at ₹903.50, with only small adjustments to inputs such as the discount rate and assumed future P/E, helping to refine rather than reshape their price target view. What's in the News S.P. Apparels has scheduled a Special or Extraordinary Shareholders Meeting for March 21, 2026, via postal ballot in India to seek approval for the reappointment and remuneration of Mrs.Narrative Update • Mar 22
SPAL: Upcoming Governance Decisions Will Support Future Rerating Potential
Analysts keep their fair value estimate for S.P. Apparels steady at ₹903.50, with only minor tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E. This suggests no material change in their overall view of the stock.Narrative Update • Mar 08
SPAL: Upcoming Shareholder Events Will Support Future Rerating Potential
Analysts have kept the price target for S.P. Apparels steady at ₹903.5, with small tweaks to assumptions on discount rate, revenue growth, profit margin, and future P/E supporting this unchanged view. What's in the News Board meeting scheduled for Feb 11, 2026, at 13:00 IST to consider and record unaudited financial results for the quarter ended Dec 31, 2025, along with other items on the agenda (Key Developments).Recent updates
Analysis Article • Jun 04
Here's Why We Think S.P. Apparels (NSE:SPAL) Is Well Worth Watching
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Narrative Update • Apr 06
SPAL: Upcoming Board And Shareholder Decisions Will Support Future Rerating Potential
Analysts have kept the fair value estimate for S.P. Apparels steady at ₹903.50, with only small adjustments to inputs such as the discount rate and assumed future P/E, helping to refine rather than reshape their price target view. What's in the News S.P. Apparels has scheduled a Special or Extraordinary Shareholders Meeting for March 21, 2026, via postal ballot in India to seek approval for the reappointment and remuneration of Mrs.Narrative Update • Mar 22
SPAL: Upcoming Governance Decisions Will Support Future Rerating Potential
Analysts keep their fair value estimate for S.P. Apparels steady at ₹903.50, with only minor tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E. This suggests no material change in their overall view of the stock.Narrative Update • Mar 08
SPAL: Upcoming Shareholder Events Will Support Future Rerating Potential
Analysts have kept the price target for S.P. Apparels steady at ₹903.5, with small tweaks to assumptions on discount rate, revenue growth, profit margin, and future P/E supporting this unchanged view. What's in the News Board meeting scheduled for Feb 11, 2026, at 13:00 IST to consider and record unaudited financial results for the quarter ended Dec 31, 2025, along with other items on the agenda (Key Developments).Narrative Update • Feb 22
SPAL: Higher Growth Assumptions And Upcoming Meetings Will Support Future Upside
The analyst fair value estimate for S.P. Apparels has moved from ₹963.50 to ₹903.50. Analysts cited updated assumptions on the discount rate, revenue growth, profit margin and future P/E to support the new price target.Analysis Article • Jan 29
We Ran A Stock Scan For Earnings Growth And S.P. Apparels (NSE:SPAL) Passed With Ease
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Nov 15
S.P. Apparels' (NSE:SPAL) Returns On Capital Are Heading Higher
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Aug 26
S.P. Apparels Limited's (NSE:SPAL) CEO Compensation Looks Acceptable To Us And Here's Why
Key Insights S.P. Apparels' Annual General Meeting to take place on 1st of September CEO Sundararajan Mudaliar's total...Analysis Article • May 08
Should You Be Adding S.P. Apparels (NSE:SPAL) To Your Watchlist Today?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • May 08
A Piece Of The Puzzle Missing From S.P. Apparels Limited's (NSE:SPAL) 28% Share Price Climb
Those holding S.P. Apparels Limited ( NSE:SPAL ) shares would be relieved that the share price has rebounded 28% in the...Analysis Article • Mar 15
S.P. Apparels Limited (NSE:SPAL) Might Not Be As Mispriced As It Looks After Plunging 27%
S.P. Apparels Limited ( NSE:SPAL ) shareholders that were waiting for something to happen have been dealt a blow with a...Analysis Article • Mar 13
A Look At The Intrinsic Value Of S.P. Apparels Limited (NSE:SPAL)
Key Insights Using the 2 Stage Free Cash Flow to Equity, S.P. Apparels fair value estimate is ₹696 S.P. Apparels' ₹647...Analysis Article • Feb 25
Slowing Rates Of Return At S.P. Apparels (NSE:SPAL) Leave Little Room For Excitement
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Jan 25
S.P. Apparels Limited (NSE:SPAL) Could Be Riskier Than It Looks
When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 31x, you may consider S.P...
New Narrative • Jan 22
Acquisition Of Young Brand Apparel Will Expand US Market Presence And Increase Customer Base
International sourcing strategies and acquisitions enhance S.P. Apparels' revenue and market expansion, including entry into the American market.Analysis Article • Nov 18
S.P. Apparels' (NSE:SPAL) Shareholders May Want To Dig Deeper Than Statutory Profit
The stock price didn't jump after S.P. Apparels Limited ( NSE:SPAL ) posted decent earnings last week. We think that...Analysis Article • Nov 16
S.P. Apparels Limited Just Recorded A 26% Revenue Beat: Here's What Analysts Think
There's been a notable change in appetite for S.P. Apparels Limited ( NSE:SPAL ) shares in the week since its quarterly...Analysis Article • Sep 20
We Think S.P. Apparels Limited's (NSE:SPAL) CEO Compensation Looks Fair
Key Insights S.P. Apparels to hold its Annual General Meeting on 26th of September CEO Sundararajan Mudaliar's total...Analysis Article • Sep 07
With EPS Growth And More, S.P. Apparels (NSE:SPAL) Makes An Interesting Case
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Aug 15
S.P. Apparels Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Last week, you might have seen that S.P. Apparels Limited ( NSE:SPAL ) released its first-quarter result to the market...Analysis Article • Jun 27
S.P. Apparels Limited's (NSE:SPAL) Price Is Right But Growth Is Lacking After Shares Rocket 25%
S.P. Apparels Limited ( NSE:SPAL ) shareholders have had their patience rewarded with a 25% share price jump in the...Analysis Article • Jun 20
Returns On Capital Signal Tricky Times Ahead For S.P. Apparels (NSE:SPAL)
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Aug 22
Is S.P. Apparels (NSE:SPAL) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Jul 18
Should You Think About Buying S.P. Apparels Limited (NSE:SPAL) Now?
S.P. Apparels Limited ( NSE:SPAL ), might not be a large cap stock, but it led the NSEI gainers with a relatively large...Analysis Article • Apr 27
Returns On Capital At S.P. Apparels (NSE:SPAL) Have Hit The Brakes
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...Analysis Article • Mar 07
S.P. Apparels (NSE:SPAL) Has A Pretty Healthy Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Dec 17
Returns At S.P. Apparels (NSE:SPAL) Appear To Be Weighed Down
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...Analysis Article • May 12
At ₹334, Is It Time To Put S.P. Apparels Limited (NSE:SPAL) On Your Watch List?
S.P. Apparels Limited ( NSE:SPAL ), might not be a large cap stock, but it received a lot of attention from a...Analysis Article • Mar 29
The Returns On Capital At S.P. Apparels (NSE:SPAL) Don't Inspire Confidence
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Jan 11
A Look At The Intrinsic Value Of S.P. Apparels Limited (NSE:SPAL)
How far off is S.P. Apparels Limited ( NSE:SPAL ) from its intrinsic value? Using the most recent financial data, we'll...Analysis Article • Dec 14
S.P. Apparels (NSE:SPAL) Seems To Use Debt Quite Sensibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Shareholder Returns
| SPAL | IN Luxury | IN Market | |
|---|---|---|---|
| 7D | 4.1% | 6.0% | 3.8% |
| 1Y | 0.5% | 3.6% | 0.5% |
Return vs Industry: SPAL underperformed the Indian Luxury industry which returned 3.6% over the past year.
Return vs Market: SPAL matched the Indian Market which returned -0.5% over the past year.
Price Volatility
| SPAL volatility | |
|---|---|
| SPAL Average Weekly Movement | 5.7% |
| Luxury Industry Average Movement | 7.1% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in IN Market | 10.2% |
| 10% least volatile stocks in IN Market | 4.7% |
Stable Share Price: SPAL has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: SPAL's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1988 | 8,906 | Sundararajan Mudaliar | www.s-p-apparels.com |
S.P. Apparels Limited, together with its subsidiaries, manufactures and exports knitted garments for infants and children in India and internationally. The company offers yarns, fabrics, and cotton waste products under the Angel & Rocket brand, as well as dyeing, embroidery, and printing services. It also engages in the manufacture, distribution, marketing, and retail sale of menswear garments under the Crocodile brand name.
S.P. Apparels Limited Fundamentals Summary
| SPAL fundamental statistics | |
|---|---|
| Market cap | ₹20.89b |
| Earnings (TTM) | ₹1.01b |
| Revenue (TTM) | ₹15.79b |
20.7x
P/E Ratio1.3x
P/S RatioIs SPAL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SPAL income statement (TTM) | |
|---|---|
| Revenue | ₹15.79b |
| Cost of Revenue | ₹6.78b |
| Gross Profit | ₹9.01b |
| Other Expenses | ₹8.00b |
| Earnings | ₹1.01b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 40.15 |
| Gross Margin | 57.07% |
| Net Profit Margin | 6.39% |
| Debt/Equity Ratio | 42.6% |
How did SPAL perform over the long term?
See historical performance and comparisonDividends
0.2%
Current Dividend Yield5%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/17 06:18 |
| End of Day Share Price | 2026/06/17 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
S.P. Apparels Limited is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Asian Markets Securities Private Limited |
| Vijayaraghavan Swaminathan | Avendus Spark |
| Kameswari V. S. Chavali | FirstCall Research |