S.P. Apparels Limited manufactures and sells knitted garments for infants and children under the Natalia brand in India and internationally.
Undervalued with excellent balance sheet.
Share Price & News
How has S.P. Apparels's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 540048's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 540048 underperformed the Indian Luxury industry which returned 12.8% over the past year.
Return vs Market: 540048 underperformed the Indian Market which returned 5.2% over the past year.
Price Volatility Vs. Market
How volatile is S.P. Apparels's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is S.P. Apparels undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 540048 (₹160.05) is trading below our estimate of fair value (₹438.47)
Significantly Below Fair Value: 540048 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 540048 is good value based on its PE Ratio (6.5x) compared to the Luxury industry average (10.6x).
PE vs Market: 540048 is good value based on its PE Ratio (6.5x) compared to the Indian market (13x).
Price to Earnings Growth Ratio
PEG Ratio: 540048 is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: 540048 is overvalued based on its PB Ratio (0.8x) compared to the IN Luxury industry average (0.5x).
How is S.P. Apparels forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 540048's forecast earnings growth (23.4% per year) is above the savings rate (6.5%).
Earnings vs Market: 540048's earnings (23.4% per year) are forecast to grow faster than the Indian market (20.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 540048's revenue (9.4% per year) is forecast to grow faster than the Indian market (9% per year).
High Growth Revenue: 540048's revenue (9.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 540048's Return on Equity is forecast to be high in 3 years time
How has S.P. Apparels performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 540048 has high quality earnings.
Growing Profit Margin: 540048's current net profit margins (7.3%) are lower than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: 540048's earnings have grown significantly by 23.2% per year over the past 5 years.
Accelerating Growth: 540048's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 540048 had negative earnings growth (-6.4%) over the past year, making it difficult to compare to the Luxury industry average (6.4%).
Return on Equity
High ROE: 540048's Return on Equity (12.2%) is considered low.
Return on Assets
Return on Capital Employed
How is S.P. Apparels's financial position?
Financial Position Analysis
Short Term Liabilities: 540048's short term assets (₹4.7B) exceed its short term liabilities (₹3.0B).
Long Term Liabilities: 540048's short term assets (₹4.7B) exceed its long term liabilities (₹962.3M).
Debt to Equity History and Analysis
Debt Level: 540048's debt to equity ratio (41.3%) is considered high.
Reducing Debt: 540048's debt to equity ratio has reduced from 275.1% to 41.3% over the past 5 years.
Debt Coverage: 540048's debt is well covered by operating cash flow (38.5%).
Interest Coverage: 540048's interest payments on its debt are well covered by EBIT (4.7x coverage).
Inventory Level: 540048 has a high level of physical assets or inventory.
Debt Coverage by Assets: 540048's debt is covered by short term assets (assets are 2.2x debt).
What is S.P. Apparels's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 540048's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 540048's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 540048's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 540048's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 540048 is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 540048's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Perumal Sundararajan (63yo)
Mr. Perumal Sundararajan serves as Chairman at S. P. Apparels Ltd and has been its Managing Director since November 21, 2005 and its Director November 18, 2005. Being a manufacturer and supplier of fabrics ...
CEO Compensation Analysis
Compensation vs Market: Perumal's total compensation ($USD237.50K) is above average for companies of similar size in the Indian market ($USD50.10K).
Compensation vs Earnings: Perumal's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chairman & MD||0yrs||₹17.00m||49.76% ₹2.1b|
|Director of Operations & Executive Director||4.9yrs||₹8.00m||0.10% ₹4.3m|
|Executive Director||14.3yrs||₹12.20m||11.77% ₹497.5m|
|Independent Director||4.3yrs||₹140.00k||no data|
|Independent Director||4.4yrs||₹140.00k||no data|
|Independent & Non-Executive Director||14.1yrs||₹100.00k||no data|
|Independent Director||4.3yrs||₹60.00k||no data|
Experienced Board: 540048's board of directors are considered experienced (4.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
S.P. Apparels Limited's company bio, employee growth, exchange listings and data sources
- Name: S.P. Apparels Limited
- Ticker: 540048
- Exchange: BSE
- Founded: 1988
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: ₹4.226b
- Shares outstanding: 25.69m
- Website: https://www.s-p-apparels.com
Number of Employees
- S.P. Apparels Limited
- 39-A, Extension Street
- Tamil Nadu
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|540048||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Aug 2016|
|SPAL||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Aug 2016|
S.P. Apparels Limited manufactures and sells knitted garments for infants and children under the Natalia brand in India and internationally. The company manufactures and retails adult menswear garments, such as shirts, polo shirts, T-shirts, trousers, jeans, sweaters, jackets, vests, briefs, boxer shorts, and socks under the Crocodile brand. The company also designs, manufactures, and sells body suits, sleep suits, tops, and bottoms. In addition, it exports its products. The company was founded in 1988 and is based in Tirupur, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 13:32|
|End of Day Share Price||2020/02/27 00:00|
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 here.