공고 • Aug 04
S.P. Apparels Limited to Report Q1, 2027 Results on Aug 11, 2026 S.P. Apparels Limited announced that they will report Q1, 2027 results on Aug 11, 2026 Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹990, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 26x in the Luxury industry in India. Total returns to shareholders of 112% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,004 per share. Price Target Changed • Jul 04
Price target increased by 21% to ₹1,106 Up from ₹916, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹1,120. Stock is up 31% over the past year. The company is forecast to post earnings per share of ₹55.60 for next year compared to ₹40.22 last year. New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jun 24
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 55% to ₹1,112. The fair value is estimated to be ₹909, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 63% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹918, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 23x in the Luxury industry in India. Total returns to shareholders of 104% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹890 per share. Reported Earnings • May 22
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: ₹40.22 (up from ₹37.90 in FY 2025). Revenue: ₹16.0b (up 14% from FY 2025). Net income: ₹1.01b (up 6.1% from FY 2025). Profit margin: 6.3% (down from 6.8% in FY 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 9.3%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. 공고 • May 15
S.P. Apparels Limited to Report Fiscal Year 2026 Results on May 20, 2026 S.P. Apparels Limited announced that they will report fiscal year 2026 results on May 20, 2026 Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹10.76 (vs ₹9.86 in 3Q 2025) Third quarter 2026 results: EPS: ₹10.76 (up from ₹9.86 in 3Q 2025). Revenue: ₹3.83b (up 6.6% from 3Q 2025). Net income: ₹270.0m (up 9.1% from 3Q 2025). Profit margin: 7.1% (up from 6.9% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹786, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Luxury industry in India. Total returns to shareholders of 173% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹920 per share. 공고 • Feb 05
S.P. Apparels Limited to Report Q3, 2026 Results on Feb 11, 2026 S.P. Apparels Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Buy Or Sell Opportunity • Feb 05
Now 22% undervalued Over the last 90 days, the stock has risen 8.2% to ₹728. The fair value is estimated to be ₹934, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.4%. Revenue is forecast to grow by 4.7% in a year. Earnings are forecast to grow by 8.8% in the next year. Buy Or Sell Opportunity • Jan 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.9% to ₹681. The fair value is estimated to be ₹868, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.4%. Revenue is forecast to grow by 4.7% in a year. Earnings are forecast to grow by 8.8% in the next year. Buy Or Sell Opportunity • Dec 08
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at ₹720. The fair value is estimated to be ₹901, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.4%. Revenue is forecast to grow by 4.7% in a year. Earnings are forecast to grow by 8.8% in the next year. Reported Earnings • Nov 16
Second quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2026 results: EPS: ₹13.83 (up from ₹8.73 in 2Q 2025). Revenue: ₹4.34b (up 11% from 2Q 2025). Net income: ₹347.0m (up 58% from 2Q 2025). Profit margin: 8.0% (up from 5.6% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 46%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹788, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 25x in the Luxury industry in India. Total returns to shareholders of 116% over the past three years. 공고 • Nov 11
S.P. Apparels Limited to Report Q2, 2026 Results on Nov 14, 2025 S.P. Apparels Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Balaraman Ravishankar was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Upcoming Dividend • Aug 18
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 25 August 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 5.3% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.6%). New Risk • Aug 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. 공고 • Aug 12
S.P. Apparels Limited to Report Q1, 2026 Results on Aug 14, 2025 S.P. Apparels Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • Aug 11
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹37.90 (up from ₹35.72 in FY 2024). Revenue: ₹14.0b (up 28% from FY 2024). Net income: ₹951.0m (up 6.1% from FY 2024). Profit margin: 6.8% (down from 8.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Aug 06
S.P. Apparels Limited, Annual General Meeting, Sep 01, 2025 S.P. Apparels Limited, Annual General Meeting, Sep 01, 2025, at 16:00 Indian Standard Time. Reported Earnings • May 28
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹37.90 (up from ₹35.72 in FY 2024). Revenue: ₹14.1b (up 29% from FY 2024). Net income: ₹951.0m (up 6.1% from FY 2024). Profit margin: 6.8% (down from 8.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. 공고 • May 20
S.P. Apparels Limited to Report Fiscal Year 2025 Results on May 27, 2025 S.P. Apparels Limited announced that they will report fiscal year 2025 results on May 27, 2025 New Risk • May 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹847, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 23x in the Luxury industry in India. Total returns to shareholders of 155% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹677 per share. Buy Or Sell Opportunity • May 07
Now 25% overvalued Over the last 90 days, the stock has fallen 1.8% to ₹847. The fair value is estimated to be ₹677, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 3.1%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. New Risk • Mar 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹643, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 24x in the Luxury industry in India. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹693 per share. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹748, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 23x in the Luxury industry in India. Total returns to shareholders of 92% over the past three years. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹9.86 (vs ₹7.02 in 3Q 2024) Third quarter 2025 results: EPS: ₹9.86 (up from ₹7.02 in 3Q 2024). Revenue: ₹3.62b (up 44% from 3Q 2024). Net income: ₹247.5m (up 41% from 3Q 2024). Profit margin: 6.8% (down from 7.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Feb 05
S.P. Apparels Limited to Report Q3, 2025 Results on Feb 10, 2025 S.P. Apparels Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹926, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 25x in the Luxury industry in India. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,316 per share. Reported Earnings • Nov 12
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ₹3.94b (up 35% from 2Q 2024). Net income: ₹219.2m (down 23% from 2Q 2024). Profit margin: 5.6% (down from 9.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Nov 06
S.P. Apparels Limited to Report Q2, 2025 Results on Nov 11, 2024 S.P. Apparels Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹1,074, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 29x in the Luxury industry in India. Total returns to shareholders of 211% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹462 per share. 공고 • Aug 12
S.P. Apparels Limited, Annual General Meeting, Sep 26, 2024 S.P. Apparels Limited, Annual General Meeting, Sep 26, 2024. Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: ₹7.19 (vs ₹5.97 in 1Q 2024) First quarter 2025 results: EPS: ₹7.19 (up from ₹5.97 in 1Q 2024). Revenue: ₹2.48b (flat on 1Q 2024). Net income: ₹180.5m (up 21% from 1Q 2024). Profit margin: 7.3% (up from 6.0% in 1Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.7% average weekly change). 공고 • Aug 05
S.P. Apparels Limited to Report Q1, 2025 Results on Aug 10, 2024 S.P. Apparels Limited announced that they will report Q1, 2025 results at 12:08 PM, Indian Standard Time on Aug 10, 2024 Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹715, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 28x in the Luxury industry in India. Total returns to shareholders of 228% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹403 per share. Reported Earnings • May 22
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₹35.72 (up from ₹32.37 in FY 2023). Revenue: ₹11.0b (up 2.4% from FY 2023). Net income: ₹896.3m (up 8.6% from FY 2023). Profit margin: 8.1% (up from 7.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. 공고 • May 16
S.P. Apparels Limited to Report Q4, 2024 Results on May 21, 2024 S.P. Apparels Limited announced that they will report Q4, 2024 results on May 21, 2024 Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹618, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 27x in the Luxury industry in India. Total returns to shareholders of 243% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹925 per share. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹7.02 (vs ₹5.21 in 3Q 2023) Third quarter 2024 results: EPS: ₹7.02 (up from ₹5.21 in 3Q 2023). Revenue: ₹2.57b (up 2.3% from 3Q 2023). Net income: ₹176.1m (up 33% from 3Q 2023). Profit margin: 6.9% (up from 5.3% in 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Feb 07
S.P. Apparels Limited to Report Q3, 2024 Results on Feb 12, 2024 S.P. Apparels Limited announced that they will report Q3, 2024 results on Feb 12, 2024 공고 • Feb 06
S.P. Apparels Limited (NSEI:SPAL) agreed to acquire an unknown stake in Young Brand Apparel Private Limited from Bannari Amman Spinning Mills Ltd (NSEI:BASML) for INR 950 million. S.P. Apparels Limited (NSEI:SPAL) agreed to acquire an unknown stake in Young Brand Apparel Private Limited from Bannari Amman Spinning Mills Ltd (NSEI:BASML) for INR 950 million on February 5, 2024. The consideration consists of INR 950 million in cash. As part of the consideration, INR 950 million was paid towards common equity. The transaction is subject to necessary Statutory, Regulatory and other Compliance/approvals.It is expected to complete on May 31, 2024. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹11.39 (vs ₹8.92 in 2Q 2023) Second quarter 2024 results: EPS: ₹11.39 (up from ₹8.92 in 2Q 2023). Revenue: ₹2.92b (down 4.4% from 2Q 2023). Net income: ₹285.8m (up 25% from 2Q 2023). Profit margin: 9.8% (up from 7.5% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (6.6% net profit margin). Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹587, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 23x in the Luxury industry in India. Total returns to shareholders of 389% over the past three years. Board Change • Oct 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Joint MD & Additional Director Senthil Shantha was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 08
Upcoming dividend of ₹3.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 15 September 2023. Payment date: 22 October 2023. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.5%). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹537, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 24x in the Luxury industry in India. Total returns to shareholders of 403% over the past three years. New Risk • Aug 13
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.6% net profit margin). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹5.97 (vs ₹10.04 in 1Q 2023) First quarter 2024 results: EPS: ₹5.97 (down from ₹10.04 in 1Q 2023). Revenue: ₹2.52b (up 2.4% from 1Q 2023). Net income: ₹149.7m (down 42% from 1Q 2023). Profit margin: 5.9% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Aug 03
S.P. Apparels Limited to Report Q1, 2024 Results on Aug 11, 2023 S.P. Apparels Limited announced that they will report Q1, 2024 results at 12:08 PM, Indian Standard Time on Aug 11, 2023 공고 • May 17
S.P. Apparels Limited to Report Q4, 2023 Results on May 18, 2023 S.P. Apparels Limited announced that they will report Q4, 2023 results at 12:30 PM, Indian Standard Time on May 18, 2023 Reported Earnings • May 17
Full year 2023 earnings released: EPS: ₹32.37 (vs ₹32.96 in FY 2022) Full year 2023 results: EPS: ₹32.37 (down from ₹32.96 in FY 2022). Revenue: ₹10.8b (up 25% from FY 2022). Net income: ₹825.1m (down 2.6% from FY 2022). Profit margin: 7.7% (down from 9.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: ₹5.21 (vs ₹9.59 in 3Q 2022) Third quarter 2023 results: EPS: ₹5.21 (down from ₹9.59 in 3Q 2022). Revenue: ₹2.51b (flat on 3Q 2022). Net income: ₹132.7m (down 46% from 3Q 2022). Profit margin: 5.3% (down from 9.8% in 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 07
Price target increased by 9.2% to ₹500 Up from ₹458, the current price target is an average from 2 analysts. New target price is 68% above last closing price of ₹297. Stock is down 39% over the past year. The company is forecast to post earnings per share of ₹38.00 for next year compared to ₹32.96 last year. 공고 • Feb 04
S.P. Apparels Limited to Report Q3, 2023 Results on Feb 09, 2023 S.P. Apparels Limited announced that they will report Q3, 2023 results at 12:08 PM, Indian Standard Time on Feb 09, 2023 Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: ₹8.92 (vs ₹9.05 in 2Q 2022) Second quarter 2023 results: EPS: ₹8.92 (down from ₹9.05 in 2Q 2022). Revenue: ₹3.15b (up 42% from 2Q 2022). Net income: ₹229.2m (down 1.4% from 2Q 2022). Profit margin: 7.3% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 18% per year. 공고 • Oct 20
S.P. Apparels Limited to Report Q2, 2023 Results on Oct 31, 2022 S.P. Apparels Limited announced that they will report Q2, 2023 results on Oct 31, 2022 공고 • Sep 22
S.P. Apparels Limited (BSE:540048) announces an Equity Buyback for 600,000 shares, representing 2.34% for INR 351 million. S.P. Apparels Limited (BSE:540048) announces a share repurchase program. Under the program, the company will repurchase up to 6,00,000 shares, representing 2.34% of its share capital, for INR 351 million. The shares will be repurchased at a price of INR 585 per share. As of June 30, 2022, the company had 2,56,92,600 shares in outstanding. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ₹10.04 (vs ₹4.50 in 1Q 2022) First quarter 2023 results: EPS: ₹10.04 (up from ₹4.50 in 1Q 2022). Revenue: ₹2.53b (up 90% from 1Q 2022). Net income: ₹258.0m (up 123% from 1Q 2022). Profit margin: 10% (up from 8.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 15% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Aug 12
S.P. Apparels Limited, Annual General Meeting, Sep 19, 2022 S.P. Apparels Limited, Annual General Meeting, Sep 19, 2022. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 16% share price gain to ₹381, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Luxury industry in India. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹757 per share. Reported Earnings • May 21
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹32.96 (up from ₹16.80 in FY 2021). Revenue: ₹8.69b (up 33% from FY 2021). Net income: ₹846.9m (up 96% from FY 2021). Profit margin: 9.7% (up from 6.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 18%, compared to a 23% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. 공고 • May 15
S.P. Apparels Limited to Report Q4, 2022 Results on May 20, 2022 S.P. Apparels Limited announced that they will report Q4, 2022 results on May 20, 2022 Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: ₹9.59 (up from ₹7.65 in 3Q 2021). Revenue: ₹2.54b (up 21% from 3Q 2021). Net income: ₹246.4m (up 25% from 3Q 2021). Profit margin: 9.7% (in line with 3Q 2021). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 20%, compared to a 23% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. 공고 • Feb 05
S.P. Apparels Limited to Report Q3, 2022 Results on Feb 11, 2022 S.P. Apparels Limited announced that they will report Q3, 2022 results on Feb 11, 2022 Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 21% share price gain to ₹419, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Luxury industry in India. Total returns to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹409 per share. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹9.05 (vs ₹7.31 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: ₹2.23b (up 17% from 2Q 2021). Net income: ₹232.5m (up 24% from 2Q 2021). Profit margin: 10% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 18% share price gain to ₹347, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Luxury industry in India. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹682 per share. Upcoming Dividend • Aug 27
Upcoming dividend of ₹2.25 per share Eligible shareholders must have bought the stock before 03 September 2021. Payment date: 13 October 2021. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.4%). Major Estimate Revision • Aug 20
Consensus EPS estimates increase to ₹27.75 The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ₹8.05b to ₹8.41b. EPS estimate increased from ₹20.40 to ₹27.75 per share. Net income forecast to grow 28% next year vs 49% growth forecast for Luxury industry in India. Consensus price target up from ₹257 to ₹375. Share price fell 8.2% to ₹312 over the past week. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS ₹4.50 (vs ₹2.27 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹1.33b (up 118% from 1Q 2021). Net income: ₹115.6m (up ₹173.8m from 1Q 2021). Profit margin: 8.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Price Target Changed • Aug 10
Price target increased to ₹257 Up from ₹234, the current price target is an average from 2 analysts. New target price is 18% below last closing price of ₹312. Stock is up 326% over the past year. Major Estimate Revision • Feb 20
Analysts increase EPS estimates to ₹19.10 The 2021 consensus revenue estimate increased from ₹6.42b to ₹6.60b. The earnings per share estimate also received an upgrade from ₹15.40 to ₹19.10 for the same period. Net income is expected to grow by 86% next year compared to 86% growth forecast for the Luxury industry in India. The consensus price target increased from ₹204 to ₹234. Share price is up 22% to ₹189 over the past week. Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS ₹7.65 (vs ₹0.74 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹2.10b (up 19% from 3Q 2020). Net income: ₹196.5m (up ₹177.6m from 3Q 2020). Profit margin: 9.4% (up from 1.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year and the company’s share price has also fallen by 16% per year. Price Target Changed • Feb 17
Price target raised to ₹234 Up from ₹215, the current price target is an average from 2 analysts. The new target price is 15% above the current share price of ₹203. As of last close, the stock is up 22% over the past year. Analyst Estimate Surprise Post Earnings • Feb 17
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 27%, compared to a 34% growth forecast for the Luxury industry in India. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 20% share price gain to ₹184, the stock is trading at a trailing P/E ratio of 26.7x, up from the previous P/E ratio of 22.2x. This compares to an average P/E of 18x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 47%. Is New 90 Day High Low • Feb 15
New 90-day high: ₹184 The company is up 27% from its price of ₹145 on 17 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹51.68 per share. 공고 • Feb 08
S.P. Apparels Limited to Report Q3, 2021 Results on Feb 13, 2021 S.P. Apparels Limited announced that they will report Q3, 2021 results on Feb 13, 2021 Is New 90 Day High Low • Jan 08
New 90-day high: ₹176 The company is up 29% from its price of ₹136 on 09 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹49.82 per share. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹147, the stock is trading at a trailing P/E ratio of 21.3x, down from the previous P/E ratio of 25.2x. This compares to an average P/E of 18x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 63%. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 15% share price gain to ₹172, the stock is trading at a trailing P/E ratio of 25.1x, up from the previous P/E ratio of 21.7x. This compares to an average P/E of 19x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 57%. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 20% share price gain to ₹171, the stock is trading at a trailing P/E ratio of 24.9x, up from the previous P/E ratio of 20.8x. This compares to an average P/E of 17x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 55%. Is New 90 Day High Low • Dec 09
New 90-day high: ₹150 The company is up 44% from its price of ₹105 on 10 September 2020. The Indian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹48.54 per share. Analyst Estimate Surprise Post Earnings • Nov 15
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 22%, compared to a 24% growth forecast for the Luxury industry in India. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS ₹7.31 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹1.90b (down 23% from 2Q 2020). Net income: ₹187.8m (down 46% from 2Q 2020). Profit margin: 9.9% (down from 14% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Nov 14
Analysts update estimates The 2021 consensus revenue estimate was lowered from ₹6.77b to ₹6.42b. Earnings per share (EPS) increased from ₹13.40 to ₹15.00 for the same period. Net income is expected to grow by 34% next year compared to 37% growth forecast for the Luxury industry in India. The consensus price target of ₹162 was unchanged from the last update. Share price is up 11% to ₹143 over the past week. Valuation Update With 7 Day Price Move • Oct 13
Market pulls back on stock over the past week After last week's 16% share price decline to ₹124, the stock is trading at a trailing P/E ratio of 9.4x, down from the previous P/E ratio of 11.2x. This compares to an average P/E of 14x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 69%. Is New 90 Day High Low • Sep 30
New 90-day high: ₹135 The company is up 68% from its price of ₹80.20 on 02 July 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 15% over the same period.