
S P APPARELS Latest Share Price (SPAL)
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SPAL slipped 0.9% on light volume, lagging Nifty's 0.3% move.
With a market cap of ₹2,488.62 Cr., it trades at a P/E of 23.63. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
S P APPARELS flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●High Promoter HoldingPromoters hold 61.8% skin-in-the-game
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Earnings DeclineEPS (TTM) has contracted by 39.1% YoY
- ●Sales ContractionQuarterly sales dropped 31.4% YoY
- ●Rising Receivables vs SalesReceivables grew 59.9% outpacing sales growth of 28.3%
Latest S P APPARELS News
What changed recently?
Recent events, corporate actions, and announcements.
S. P. APPARELS valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for S. P. APPARELS, framed against the sector median so the premium or discount is obvious at a glance.
S. P. APPARELS trades at a P/E of 23.63× and P/B of 2.63×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
S. P. APPARELS technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for S. P. APPARELS — derived from the latest tape, not yesterday's close.
S. P. APPARELS last traded at ₹994.3 with an intraday range of ₹981–₹1,012.9 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹994.30| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 1074.93 | +80.63 | +8.11% |
| R3 | 1043.03 | +48.73 | +4.90% |
| R2 | 1027.97 | +33.67 | +3.39% |
| R1 | 1011.13 | +16.83 | +1.69% |
| PIVOT | 996.07 | 1.77 | 0.18% |
| CURRENT | 994.30 | — | — |
| S1 | 979.23 | -15.07 | -1.52% |
| S2 | 964.17 | -30.13 | -3.03% |
| S3 | 947.33 | -46.97 | -4.72% |
| S4 | 915.43 | -78.87 | -7.93% |
SPAL is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: ₹988.1–₹1003.6
Trading Inside opening range
S. P. APPARELS financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for S. P. APPARELS — consolidated or standalone — with margins, YoY growth and key ratios inline.
S. P. APPARELS reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹2,488.62 Cr. and reported EPS of ₹10.56.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 1,395 | 1,579 ▲ 13.2% |
| Sales Growth YoY %Derived | 28.31% | 13.15% |
| Other Income | 12 | 18 ▲ 48.6% |
| Total Income | 1,407 | 1,597 ▲ 13.5% |
| 579 | 678 ▲ 17.1% | |
| Gross ProfitDerived | 816 | 901 ▲ 10.4% |
| Gross Margin %Derived | 58.51% | 57.07% |
| 628 | 683 ▲ 8.7% | |
| EBITDA (Operating Profit)Derived | 188 | 218 ▲ 16.0% |
| OPM %Derived | 13.46% | 13.80% |
| 77 | 89 ▲ 15.4% | |
| Profit Before Tax (PBT) | 123 | 147 ▲ 19.6% |
| 28 | 40 ▲ 42.4% | |
| Effective Tax %Derived | 22.82% | 27.18% |
| Total Profit for Period | 95 | 101 ▲ 6.1% |
| Less: Non-controlling Interests | -0 | 0 ▲ 337.0% |
| Net Profit (Owner's PAT)Derived | 95 | 101 ▲ 6.0% |
| Net Profit Margin %Derived | 6.82% | 6.39% |
| PAT Growth YoY %Derived | 6.09% | 5.98% |
| Earnings Per Share (EPS ₹) | 37.90 | 40.15 ▲ 5.9% |
| Diluted Shares Outstanding (Cr) | 3 | 3 ▲ 0.2% |
| Share of Profit from Associates/JVs | — | -6 |
| Other Comprehensive Income (Net of Tax) | -3 | -9 ▼ 202.8% |
| Total Expenses (incl. D&A & Interest) | 1,284 | 1,449 ▲ 12.9% |
| Material Cost % of RevenueDerived | 34.78% | 32.33% |
| Employee Cost % of RevenueDerived | 24.82% | 25.26% |
| Other Cost % of RevenueDerived | 20.23% | 18.02% |
| Interest Coverage (x)Derived | 4.32x | 4.17x |
| Period | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 662 | 826 ▲ 24.8% | 809 ▼ 2.1% | 652 ▼ 19.4% | 859 ▲ 31.8% | 1,078 ▲ 25.4% | 1,087 ▲ 0.9% | 1,395 ▲ 28.3% | 1,579 ▲ 13.2% | |
| Sales Growth YoY %Derived | — | 24.75% | -2.11% | -19.36% | 31.75% | 25.42% | 0.88% | 28.31% | 13.15% | |
| Other Income | 16 | 3 ▼ 79.0% | 24 ▲ 589.2% | 1 ▼ 94.2% | 9 ▲ 590.0% | 23 ▲ 142.3% | 16 ▼ 29.1% | 12 ▼ 25.3% | 18 ▲ 48.6% | |
| Total Income | 679 | 830 ▲ 22.2% | 833 ▲ 0.3% | 654 ▼ 21.5% | 869 ▲ 32.9% | 1,101 ▲ 26.7% | 1,104 ▲ 0.3% | 1,407 ▲ 27.5% | 1,597 ▲ 13.5% | |
255 | 327 ▲ 27.9% | 357 ▲ 9.2% | 270 ▼ 24.4% | 354 ▲ 31.3% | 486 ▲ 37.2% | 451 ▼ 7.1% | 579 ▲ 28.3% | 678 ▲ 17.1% | ||
| Gross ProfitDerived | 407 | 500 ▲ 22.7% | 452 ▼ 9.5% | 383 ▼ 15.4% | 505 ▲ 32.1% | 592 ▲ 17.2% | 636 ▲ 7.4% | 816 ▲ 28.3% | 901 ▲ 10.4% | |
| Gross Margin %Derived | 61.47% | 60.48% | 55.91% | 58.64% | 58.79% | 54.93% | 58.50% | 58.51% | 57.07% | |
301 | 366 ▲ 21.4% | 369 ▲ 0.9% | 278 ▼ 24.6% | 354 ▲ 27.1% | 449 ▲ 27.1% | 478 ▲ 6.4% | 628 ▲ 31.4% | 683 ▲ 8.7% | ||
| EBITDA (Operating Profit)Derived | 106 | 134 ▲ 26.5% | 83 ▼ 37.9% | 104 ▲ 25.5% | 152 ▲ 45.5% | 143 ▼ 6.0% | 158 ▲ 10.6% | 188 ▲ 19.0% | 218 ▲ 16.0% | |
| OPM %Derived | 15.97% | 16.20% | 10.28% | 16.00% | 17.66% | 13.23% | 14.51% | 13.46% | 13.80% | |
51 | 28 ▼ 45.6% | 53 ▲ 89.4% | 47 ▼ 11.6% | 46 ▼ 0.2% | 55 ▲ 17.6% | 56 ▲ 3.3% | 77 ▲ 36.0% | 89 ▲ 15.4% | ||
| Profit Before Tax (PBT) | 71 | 109 ▲ 54.0% | 54 ▼ 50.5% | 59 ▲ 9.2% | 115 ▲ 94.1% | 111 ▼ 3.5% | 118 ▲ 6.2% | 123 ▲ 4.7% | 147 ▲ 19.6% | |
23 | 36 ▲ 55.1% | -3 ▼ 107.0% | 16 ▲ 736.3% | 30 ▲ 88.5% | 28 ▼ 6.1% | 28 ▼ 0.8% | 28 ▲ 0.4% | 40 ▲ 42.4% | ||
| Effective Tax %Derived | 32.72% | 32.96% | -4.64% | 27.00% | 26.22% | 25.51% | 23.81% | 22.82% | 27.18% | |
| Total Profit for Period | 48 | 73 ▲ 53.5% | 57 ▼ 22.8% | 43 ▼ 23.8% | 85 ▲ 96.2% | 83 ▼ 2.6% | 90 ▲ 8.6% | 95 ▲ 6.1% | 101 ▲ 6.1% | |
| Less: Non-controlling Interests | -1 | 0 ▲ 107.1% | 0 ▼ 39.3% | 0 ▼ 8.1% | 0 ▲ 126.5% | -0 ▼ 139.0% | -0 ▼ 96.7% | -0 ▲ 22.0% | 0 ▲ 337.0% | |
| Net Profit (Owner's PAT)Derived | 49 | 73 ▲ 50.6% | 57 ▼ 22.8% | 43 ▼ 23.8% | 85 ▲ 96.2% | 83 ▼ 2.4% | 90 ▲ 8.7% | 95 ▲ 6.1% | 101 ▲ 6.0% | |
| Net Profit Margin %Derived | 7.35% | 8.87% | 7.00% | 6.61% | 9.85% | 7.66% | 8.25% | 6.82% | 6.39% | |
| PAT Growth YoY %Derived | — | 50.62% | -22.78% | -23.80% | 96.15% | -2.45% | 8.65% | 6.09% | 5.98% | |
| Earnings Per Share (EPS ₹) | 19.34 | 28.56 ▲ 47.7% | 22.03 ▼ 22.9% | 16.79 ▼ 23.8% | 32.96 ▲ 96.3% | 32.90 ▼ 0.2% | 35.74 ▲ 8.6% | 37.90 ▲ 6.0% | 40.15 ▲ 5.9% | |
| Diluted Shares Outstanding (Cr) | 3 | 3 ▲ 2.1% | 3 ▲ 0.0% | 3 ▲ 0.0% | 3 ▲ 0.0% | 3 ▼ 2.3% | 3 ▲ 0.0% | 3 ▲ 0.0% | 3 ▲ 0.2% | |
| Share of Profit from Associates/JVs | — | — | — | — | — | — | — | — | -6 | |
| Other Comprehensive Income (Net of Tax) | -5 | 4 ▲ 180.6% | -7 ▼ 285.0% | -9 ▼ 14.7% | 1 ▲ 111.2% | -7 ▼ 788.4% | 8 ▲ 216.6% | -3 ▼ 137.1% | -9 ▼ 202.8% | |
| Total Expenses (incl. D&A & Interest) | 608 | 720 ▲ 18.5% | 779 ▲ 8.1% | 595 ▼ 23.6% | 754 ▲ 26.8% | 990 ▲ 31.3% | 986 ▼ 0.4% | 1,284 ▲ 30.2% | 1,449 ▲ 12.9% | |
| Material Cost % of RevenueDerived | 36.75% | 33.05% | 29.76% | 27.33% | 34.73% | 33.10% | 29.69% | 34.78% | 32.33% | |
| Employee Cost % of RevenueDerived | 24.03% | 22.66% | 24.25% | 22.87% | 22.14% | 22.14% | 23.98% | 24.82% | 25.26% | |
| Other Cost % of RevenueDerived | 21.46% | 21.63% | 21.38% | 19.78% | 18.99% | 19.56% | 20.01% | 20.23% | 18.02% | |
| Interest Coverage (x)Derived | 2.90x | 17.98x | 2.34x | 5.05x | 9.88x | 5.72x | 6.42x | 4.32x | 4.17x |
S P APPARELS segment analysis : revenue and profit mix.
Disclosed business segments at S P APPARELS with their share of revenue and profit, switchable between consolidated and standalone reporting.
S P APPARELS discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for S. P. APPARELS.
Our AI distills the core fundamental drivers supporting S. P. APPARELS, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
S. P. APPARELS's investment case rests on 0 positive markers and 1 flagged concerns drawn from the latest reported filings.
What you're getting.
No strengths or opportunities on record.
Key Risks.
SWOT generation temporarily unavailable due to model error. The security token included in the request is invalid.
Flip Conditions.
Valuation risk. a P/E above 31 would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Return-quality risk. ROE below 8% would indicate weaker capital compounding.
S. P. APPARELS peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — S. P. APPARELS is highlighted for quick read-across.
Quick Compare
Peer Comparison
| Company Name |
|---|
S. P. APPARELS chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for S. P. APPARELS — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
S. P. APPARELS delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for S. P. APPARELS over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in S. P. APPARELS stood at 41.8% of traded volume, against a 20-day average of 43.6%.
S P APPARELS announcements: results, concalls, ratings, M&A.
Filings S P APPARELS sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
S P APPARELS files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 96 documents below.
Copy of Newspaper Publication
S. P. Apparels Limited has informed the Exchange about Copy of Newspaper Publication
Updates
S. P. Apparels Limited has informed the Exchange regarding 'We hereby disclose the disclosure received from Mr. Sundararajan under SEBI((Prohibition…
Updates
S. P. Apparels Limited has informed the Exchange regarding 'Intimation For A Letter Sent To Members'.
Shareholders meeting
S. P. Apparels Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 21, 2026
Copy of Newspaper Publication
S. P. Apparels Limited has informed the Exchange about Copy of Newspaper Publication
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
S P APPARELS dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue S P APPARELS has declared, sequenced by announce and record date.
S P APPARELS corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About S. P. APPARELS: business, sector, key facts.
What S. P. APPARELS does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
S. P. APPARELS operates in the Garments & Apparels industry under the Textiles sector, listed as NSE: SPAL, BSE: 540048.

S.P. Apparels Limited (SPAL) is a prominent Indian company specializing in the manufacturing and export of knitted garments, primarily focused on infant and children's apparel. Their operations span the entire value chain, from sourcing raw materials like yarns and fabrics to the finished product. This vertical integration allows for greater control over quality, cost, and delivery times, a key competitive advantage in the fast-paced garment industry. Their commitment to this integrated approach is evident in their offerings of dyeing, embroidery, and printing services, all integral steps in producing high-quality garments.
A significant portion of SPAL's business revolves around its own branded products. Angel & Rocket, HEAD, and Natalia represent their core offerings in the infant and children's wear market. These brands are likely differentiated through design, target market segments (e.g., price point, style), and possibly distribution channels. The company's expertise in knitting and garment production is clearly showcased through these brands, establishing a strong presence in the children's apparel sector, both domestically within India and internationally through exports.
Beyond its core children's wear business, SPAL has diversified into the menswear market through its acquisition and management of the Crocodile brand. This strategic move allows the company to leverage its manufacturing capabilities and expertise into a different segment of the apparel industry. The acquisition of Crocodile introduces a new layer to their operations, including the manufacturing, distribution, marketing, and retail sale of menswear. This suggests a potential broader expansion strategy, aiming to capitalize on existing infrastructure and industry knowledge to penetrate a new customer base and market segment.
Established in 1988 and headquartered in Tirupur, India – a region known for its textile industry – SPAL has built a considerable presence in the garment manufacturing sector. Their long history and vertical integration point towards a well-established operational structure and strong relationships with suppliers and distributors. The company’s success is a testament to its adaptability, demonstrated through its expansion into different apparel categories and its ability to navigate the complexities of the global textile and apparel markets.
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Questions investors ask about S. P. APPARELS (SPAL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of S. P. APPARELS (SPAL)?
The current share price of S. P. APPARELS (SPAL) is ₹994.30. Today, the stock has declined by ₹8.80 (0.88%), trading in a range of ₹981.00 to ₹1,012.90. The stock opened at ₹998.20 with a trading volume of 23,776 shares.
02Is S. P. APPARELS stock a good investment for long-term?
S. P. APPARELS can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2,488.62 Cr., P/E ratio of 23.63, ROE of 10.74%, and ROCE of 10.65%. The dividend yield stands at 0.3%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of S. P. APPARELS stock?
The 52-week high price of S. P. APPARELS (SPAL) is ₹1,221.90, while the 52-week low is ₹600.00. Currently trading at ₹994.30, the stock is 65.72% above its 52-week low and 18.63% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy S. P. APPARELS stock at the current price?
Whether to buy S. P. APPARELS stock at ₹994.30 depends on multiple factors. The stock is currently trading with a P/E ratio of 23.63 and P/B ratio of 2.63. Today's performance shows a loss of 0.88%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of S. P. APPARELS and when is the next dividend?
S. P. APPARELS offers a dividend yield of 0.3%, which means for every ₹100 invested at the current price of ₹994.30, you can expect to receive approximately ₹0.30 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of S. P. APPARELS?
S. P. APPARELS's key financial metrics include: P/E Ratio: 23.63, P/B Ratio: 2.63, ROE: 10.74%, ROCE: 10.65%, Dividend Yield: 0.3%, EPS: ₹10.56, Book Value: ₹373.77, and Debt-to-Equity: 0.43. The company's market cap stands at ₹2,488.62 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is S. P. APPARELS stock performing today in the market?
S. P. APPARELS stock opened at ₹998.20 and is currently trading at ₹994.30, showing a decline of ₹8.80 (0.88%). The intraday high is ₹1,012.90 and low is ₹981.00. The trading volume stands at 23,776 shares, indicating moderate market participation today.
08What is the P/E ratio of S. P. APPARELS and what does it indicate?
S. P. APPARELS has a Price-to-Earnings (P/E) ratio of 23.63, which means investors are willing to pay 23.63 for every ₹1 of earnings. With an EPS of ₹10.56, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about S. P. APPARELS (SPAL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.