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S.P. Apparels

BSE:540048
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
540048
BSE
₹6B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

S.P. Apparels Limited manufactures and sells knitted garments for infants and children under the Natalia brand in India and internationally. The last earnings update was 10 days ago. More info.


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540048 Share Price and Events
7 Day Returns
-1.4%
BSE:540048
0.3%
IN Luxury
1%
IN Market
1 Year Returns
-24%
BSE:540048
-8.7%
IN Luxury
-8.2%
IN Market
540048 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
S.P. Apparels (540048) -1.4% 13% -0.1% -24% - -
IN Luxury 0.3% -0.2% -2.3% -8.7% 55.9% 186.4%
IN Market 1% -2.2% -1.2% -8.2% 46.7% 78.8%
1 Year Return vs Industry and Market
  • 540048 underperformed the Luxury industry which returned -8.7% over the past year.
  • 540048 underperformed the Market in India which returned -8.2% over the past year.
Price Volatility
540048
Industry
5yr Volatility vs Market

540048 Value

 Is S.P. Apparels undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of S.P. Apparels to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for S.P. Apparels.

BSE:540048 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:540048
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.573 (1 + (1- 35%) (28.71%))
0.68
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

Discounted Cash Flow Calculation for BSE:540048 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for S.P. Apparels is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:540048 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) -295.00 357.50 408.00 451.36 499.33
Source Analyst x2 Analyst x2 Analyst x1 Est @ 10.63% Est @ 10.63%
Present Value
Discounted (@ 13.51%)
-259.89 277.46 278.97 271.89 264.98
Present value of next 5 years cash flows ₹833.42
BSE:540048 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹499.33 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹9,010.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹9,010.58 ÷ (1 + 13.51%)5
₹4,781.70
BSE:540048 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹833.42 + ₹4,781.70
₹5,615.11
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹5,615.11 / 25.69
₹218.55
BSE:540048 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹218.55
Current discount Discount to share price of ₹251.30
= -1 x (₹251.30 - ₹218.55) / ₹218.55
-15%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of S.P. Apparels is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for S.P. Apparels's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are S.P. Apparels's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:540048 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹26.50
BSE:540048 Share Price ** BSE (2019-02-22) in INR ₹251.3
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.69x
India Market PE Ratio Median Figure of 2,709 Publicly-Listed Companies 15.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of S.P. Apparels.

BSE:540048 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:540048 Share Price ÷ EPS (both in INR)

= 251.3 ÷ 26.50

9.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • S.P. Apparels is good value based on earnings compared to the IN Luxury industry average.
  • S.P. Apparels is good value based on earnings compared to the India market.
Price based on expected Growth
Does S.P. Apparels's expected growth come at a high price?
Raw Data
BSE:540048 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
13.1%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 0.99x
India Market PEG Ratio Median Figure of 607 Publicly-Listed Companies 1.15x

*Line of best fit is calculated by linear regression .

BSE:540048 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.48x ÷ 13.1%

0.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • S.P. Apparels is good value based on expected growth next year.
Price based on value of assets
What value do investors place on S.P. Apparels's assets?
Raw Data
BSE:540048 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹169.55
BSE:540048 Share Price * BSE (2019-02-22) in INR ₹251.3
India Luxury Industry PB Ratio Median Figure of 306 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.05x
BSE:540048 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:540048 Share Price ÷ Book Value per Share (both in INR)

= 251.3 ÷ 169.55

1.48x

* Primary Listing of S.P. Apparels.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • S.P. Apparels is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess S.P. Apparels's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. S.P. Apparels has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

540048 Future Performance

 How is S.P. Apparels expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is S.P. Apparels expected to grow at an attractive rate?
  • S.P. Apparels's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • S.P. Apparels's earnings growth is positive but not above the India market average.
  • S.P. Apparels's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:540048 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:540048 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 13.1%
BSE:540048 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 12.7%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:540048 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:540048 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 10,251 574 878 1
2020-03-31 9,238 656 836 2
2019-03-31 7,971 544 695 2
BSE:540048 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 7,869 675
2018-09-30 7,272 545
2018-06-30 7,026 494
2018-03-31 6,624 -12 478
2017-12-31 6,396 512
2017-09-30 6,231 532
2017-06-30 6,241 615
2017-03-31 6,330 489 536
2016-12-31 6,140 511
2016-09-30 6,067 494
2016-06-30 5,699 391
2016-03-31 5,328 488 135

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • S.P. Apparels's earnings are expected to grow by 13.1% yearly, however this is not considered high growth (20% yearly).
  • S.P. Apparels's revenue is expected to grow by 12.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:540048 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from S.P. Apparels Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540048 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 35.60 35.60 35.60 1.00
2020-03-31 33.15 36.30 30.00 2.00
2019-03-31 27.55 28.10 27.00 2.00
BSE:540048 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 26.50
2018-09-30 21.51
2018-06-30 19.58
2018-03-31 19.00
2017-12-31 23.01
2017-09-30 22.39
2017-06-30 23.42
2017-03-31 21.30
2016-12-31 24.45
2016-09-30 23.92
2016-06-30 22.80
2016-03-31 7.88

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • S.P. Apparels is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess S.P. Apparels's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
S.P. Apparels has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

540048 Past Performance

  How has S.P. Apparels performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare S.P. Apparels's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • S.P. Apparels has delivered over 20% year on year earnings growth in the past 5 years.
  • S.P. Apparels's 1-year earnings growth exceeds its 5-year average (31.9% vs 28.6%)
  • S.P. Apparels's earnings growth has exceeded the IN Luxury industry average in the past year (31.9% vs 14.1%).
Earnings and Revenue History
S.P. Apparels's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from S.P. Apparels Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540048 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,868.85 675.11 1,822.11
2018-09-30 7,272.24 545.03 1,764.47
2018-06-30 7,026.15 493.52 1,649.79
2018-03-31 6,624.15 478.13 1,684.44
2017-12-31 6,395.78 511.99 1,689.78
2017-09-30 6,231.49 532.01 1,633.16
2017-06-30 6,240.54 614.63 1,488.14
2017-03-31 6,330.01 536.05 1,601.10
2016-12-31 6,139.78 511.35 1,534.85
2016-09-30 6,066.88 493.93 1,478.33
2016-06-30 5,698.82 391.06 1,400.43
2016-03-31 5,328.25 135.19 1,321.06
2015-03-31 4,725.66 92.66 1,052.22
2014-03-31 4,508.72 66.67 809.29
2013-03-31 4,285.03 23.64 836.58
2012-03-31 4,006.09 97.07 808.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • S.P. Apparels has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • S.P. Apparels used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • S.P. Apparels's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess S.P. Apparels's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
S.P. Apparels has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

540048 Health

 How is S.P. Apparels's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up S.P. Apparels's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • S.P. Apparels is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • S.P. Apparels's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of S.P. Apparels's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from S.P. Apparels Company Filings, last reported 1 month ago.

BSE:540048 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,296.72 1,853.69 762.29
2018-09-30 4,296.72 1,853.69 762.29
2018-06-30 3,908.79 2,175.62 765.08
2018-03-31 3,908.79 2,233.75 764.99
2017-12-31 3,642.65 1,992.71 801.69
2017-09-30 3,642.65 1,992.71 801.69
2017-06-30 3,830.83 1,722.62 933.93
2017-03-31 3,503.19 1,848.40 933.93
2016-12-31 3,558.38 1,842.82 1,080.28
2016-09-30 3,558.38 1,842.82 1,080.28
2016-06-30 1,267.95 2,593.64 112.94
2016-03-31 1,267.95 2,593.64 112.94
2015-03-31 979.87 2,528.73 71.67
2014-03-31 894.08 2,980.23 151.01
2013-03-31 757.01 3,111.42 69.93
2012-03-31 736.70 3,496.91 67.37
  • S.P. Apparels's level of debt (43.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (350% vs 43.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • S.P. Apparels earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess S.P. Apparels's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. S.P. Apparels has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

540048 Dividends

 What is S.P. Apparels's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.2%
Current annual income from S.P. Apparels dividends.
If you bought ₹2,000 of S.P. Apparels shares you are expected to receive ₹4 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • S.P. Apparels's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.55%).
  • S.P. Apparels's dividend is below the markets top 25% of dividend payers in India (2.04%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:540048 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:540048 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31
BSE:540048 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-27 0.500 0.194
2018-05-29 0.500 0.156
2017-09-01 0.500 0.134
2017-05-24 0.500 0.114

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • S.P. Apparels is not paying a notable dividend for India, therefore no need to check if the payments are stable.
  • S.P. Apparels is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of S.P. Apparels's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of S.P. Apparels's dividends as it is not paying a notable one for India.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess S.P. Apparels's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can S.P. Apparels afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. S.P. Apparels has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

540048 Management

 What is the CEO of S.P. Apparels's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Perumal Sundararajan
COMPENSATION ₹11,400,000
AGE 62
CEO Bio

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 to Garment export companies in 1980's, Mr. Sundararajan has immense knowledge about various fabrics and the ever demanding market needs. This has helped him to meet customers' expectation by delivering the right product at right time with acceptable quality levels in the Garment export business as well. Having worked with the world's leading retailers of EU and USA, he has versatile knowledge in the trends, the requirements for various brands and customers.

CEO Compensation
  • Perumal's compensation has been consistent with company performance over the past year.
  • Perumal's remuneration is higher than average for companies of similar size in India.
Management Team

Perumal Sundararajan

TITLE
Chairman & MD
COMPENSATION
₹11M
AGE
62

V. Balaji

TITLE
Chief Financial Officer
COMPENSATION
₹2M
AGE
47

Vinodhini Kanagaraj

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹480K
AGE
30

Sundararajan Latha

TITLE
Executive Director
COMPENSATION
₹7M
AGE
54

P. Jeeva

TITLE
Chief Executive Officer of Garment Division
COMPENSATION
₹53M
AGE
49

Chenduran Sundararajan

TITLE
Director of Operations & Executive Director
COMPENSATION
₹3M
AGE
29

V. Raam

TITLE
Chief Operating Officer
AGE
50
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the S.P. Apparels board of directors in years:

3.7
Average Tenure
67
Average Age
  • The tenure for the S.P. Apparels board of directors is about average.
Board of Directors

Perumal Sundararajan

TITLE
Chairman & MD
COMPENSATION
₹11M
AGE
62

Sundararajan Latha

TITLE
Executive Director
COMPENSATION
₹7M
AGE
54
TENURE
13.3 yrs

Chenduran Sundararajan

TITLE
Director of Operations & Executive Director
COMPENSATION
₹3M
AGE
29
TENURE
3.9 yrs

Venkidusamy Sakthivel

TITLE
Independent Director
COMPENSATION
₹90K
AGE
67
TENURE
13.1 yrs

Guruswamy Ramakrishnan

TITLE
Independent Director
COMPENSATION
₹40K
AGE
71
TENURE
3.3 yrs

Yesuthasen Pathiudian

TITLE
Independent Director
COMPENSATION
₹100K
AGE
70
TENURE
3.4 yrs

Aravinda Anand Kumar

TITLE
Independent Director
COMPENSATION
₹80K
AGE
71
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by S.P. Apparels insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
02. Feb 19 Buy Perumal Sundararajan Individual 25. Jan 19 01. Feb 19 6,125 ₹220.29 ₹1,349,258
05. Oct 18 Buy Perumal Sundararajan Individual 01. Oct 18 05. Oct 18 33,881 ₹278.37 ₹9,231,906
05. Oct 18 Buy Perumal Sundararajan Individual 01. Oct 18 03. Oct 18 16,125 ₹275.99 ₹4,450,350
29. Sep 18 Buy Sundararajan Latha Individual 24. Sep 18 27. Sep 18 8,898 ₹277.99 ₹2,473,586
29. Sep 18 Buy Sundararajan Latha Individual 24. Sep 18 27. Sep 18 8,898 ₹280.08 ₹2,473,587
08. Sep 18 Buy Perumal Sundararajan Individual 20. Aug 18 07. Sep 18 5,546 ₹315.57 ₹1,714,759
20. Aug 18 Buy Perumal Sundararajan Individual 01. Aug 18 17. Aug 18 3,463 ₹335.22 ₹1,134,191
20. Aug 18 Buy Perumal Sundararajan Individual 01. Aug 18 17. Aug 18 3,463 ₹327.52 ₹1,134,190
27. Jul 18 Buy Perumal Sundararajan Individual 23. Jul 18 27. Jul 18 19,105 ₹342.95 ₹6,207,835
27. Jul 18 Buy Perumal Sundararajan Individual 23. Jul 18 27. Jul 18 19,105 ₹341.06 ₹6,207,835
17. Jul 18 Buy Perumal Sundararajan Individual 04. Jun 18 04. Jun 18 525,000 ₹382.02 ₹200,560,489
17. Jul 18 Buy Perumal Sundararajan Individual 10. May 18 10. May 18 66 ₹350.78 ₹23,002
06. Jun 18 Buy Perumal Sundararajan Individual 04. Jun 18 04. Jun 18 525,000 ₹382.02 ₹200,560,489
28. Feb 18 Buy Sundararajan Latha Individual 23. Feb 18 27. Feb 18 7,377 ₹336.33 ₹2,481,109
28. Feb 18 Buy Perumal Sundararajan Individual 26. Feb 18 26. Feb 18 14,563 ₹336.31 ₹4,897,659
26. Feb 18 Buy Perumal Sundararajan Individual 23. Feb 18 23. Feb 18 15,120 ₹338.34 ₹5,115,668
X
Management checks
We assess S.P. Apparels's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. S.P. Apparels has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

540048 News

Simply Wall St News

Should You Be Tempted To Sell SP Apparels Limited (BOM:540048) Because Of Its PE Ratio?

and want to better understand how you can grow your money by investing in SP Apparels Limited (BOM:540048). … SP Apparels Limited (BOM:540048) trades with a trailing P/E of 17.4x, which is higher than the industry average of 17.2x. … While this makes 540048 appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio.

Simply Wall St -

540048 Company Info

Map
Description

S.P. Apparels Limited manufactures and sells knitted garments for infants and children under the Natalia brand in India and internationally. The company also 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. In addition, it exports its products. The company was founded in 1989 and is headquartered in Tirupur, India.

Details
Name: S.P. Apparels Limited
540048
Exchange: BSE
Founded: 1989
₹6,456,550,380
25,692,600
Website: http://www.spapparels.com
Address: S.P. Apparels Limited
39-A, Extension Street,
Kaikattipudur,
Tirupur,
Tamil Nadu, 641654,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 540048 Equity Shares Mumbai Stock Exchange IN INR 12. Aug 2016
NSEI SPAL Equity Shares National Stock Exchange of India IN INR 12. Aug 2016
Number of employees
Current staff
Staff numbers
12,898
S.P. Apparels employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 13:14
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/02/19
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.