S.P. Apparels Limited

BSE:540048 Stock Report

Market Cap: ₹22.3b

S.P. Apparels Valuation

Is 540048 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 540048 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 540048 (₹891.8) is trading below our estimate of fair value (₹1323.11)

Significantly Below Fair Value: 540048 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 540048?

Key metric: As 540048 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 540048. This is calculated by dividing 540048's market cap by their current earnings.
What is 540048's PE Ratio?
PE Ratio25.9x
Earnings₹860.34m
Market Cap₹22.29b

Price to Earnings Ratio vs Peers

How does 540048's PE Ratio compare to its peers?

The above table shows the PE ratio for 540048 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average51.8x
500414 Timex Group India
110.8xn/a₹20.7b
CANTABIL Cantabil Retail India
31.8xn/a₹19.2b
MONTECARLO Monte Carlo Fashions
32.8xn/a₹17.4b
DOLLAR Dollar Industries
31.9x27.5%₹29.5b
540048 S.P. Apparels
25.9x21.2%₹22.3b

Price-To-Earnings vs Peers: 540048 is good value based on its Price-To-Earnings Ratio (25.9x) compared to the peer average (51.8x).

Price to Earnings Ratio vs Industry

How does 540048's PE Ratio compare vs other companies in the IN Luxury Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BOMDYEING Bombay Dyeing and Manufacturing
1.2xn/aUS$515.65m
503804 Shri Dinesh Mills
4.7xn/aUS$26.41m
521034 Soma Textiles & Industries
2.4xn/aUS$25.42m
INDIANCARD Indian Card Clothing
2.1xn/aUS$18.65m
540048 25.9xIndustry Avg. 28.7xNo. of Companies33PE020406080100+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 540048 is good value based on its Price-To-Earnings Ratio (25.9x) compared to the Indian Luxury industry average (28.7x).

Price to Earnings Ratio vs Fair Ratio

What is 540048's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

540048 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.9x
Fair PE Ratio33.8x

Price-To-Earnings vs Fair Ratio: 540048 is good value based on its Price-To-Earnings Ratio (25.9x) compared to the estimated Fair Price-To-Earnings Ratio (33.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 540048 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹891.80
₹984.67
+10.4%
8.4%₹1,102.00₹920.00n/a3
Nov ’25₹920.90
₹952.33
+3.4%
11.5%₹1,102.00₹845.00n/a3
Oct ’25₹957.00
₹952.33
-0.5%
11.5%₹1,102.00₹845.00n/a3
Sep ’25₹870.60
₹952.33
+9.4%
11.5%₹1,102.00₹845.00n/a3
Aug ’25₹856.05
₹717.50
-16.2%
5.9%₹760.00₹675.00n/a2
Jul ’25₹766.85
₹708.33
-7.6%
5.2%₹760.00₹675.00n/a3
Jun ’25₹571.85
₹692.67
+21.1%
5.4%₹745.00₹658.00n/a3
May ’25₹590.80
₹682.67
+15.5%
3.9%₹720.00₹658.00n/a3
Apr ’25₹573.45
₹681.67
+18.9%
4.1%₹720.00₹655.00n/a3
Mar ’25₹616.25
₹662.50
+7.5%
1.1%₹670.00₹655.00n/a2
Feb ’25₹611.05
₹687.50
+12.5%
9.8%₹755.00₹620.00n/a2
Jan ’25₹605.80
₹630.00
+4.0%
1.6%₹640.00₹620.00n/a2
Dec ’24₹608.45
₹630.00
+3.5%
1.6%₹640.00₹620.00n/a2
Nov ’24₹556.95
₹585.00
+5.0%
9.4%₹640.00₹530.00₹920.902
Oct ’24₹505.40
₹522.50
+3.4%
1.4%₹530.00₹515.00₹957.002
Sep ’24₹584.65
₹522.50
-10.6%
1.4%₹530.00₹515.00₹870.602
Aug ’24₹451.70
₹486.50
+7.7%
5.9%₹515.00₹458.00₹856.052
Feb ’24₹300.50
₹463.00
+54.1%
8.0%₹500.00₹426.00₹611.052
Jan ’24₹325.55
₹463.00
+42.2%
8.0%₹500.00₹426.00₹605.802
Dec ’23₹395.85
₹463.00
+17.0%
8.0%₹500.00₹426.00₹608.452
Nov ’23₹354.40
₹463.00
+30.6%
8.0%₹500.00₹426.00₹556.952

Analyst Forecast: Target price is less than 20% higher than the current share price.

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