SPAL
S. P. Apparels Limited (SPAL) Stock Analysis
S. P. Apparels Limited manufactures knitted garments for infants and children exporting to global retailers. It operates integrated spinning-to-garment facilities in Tamil Nadu with compliance certifications. The company supplies private-label apparel to international brands. It is listed on Indian stock exchanges.
Consumer Cyclical › Apparel Manufacturing
₹926.90
+1.46% 1W | +34.20% 52W
Market Cap
2.3k CR
P/E Ratio
22.2
52W High
₹1221.9
52W Low
₹600
Div. Yield
0.32%
Beta
0.1
50 DMA
₹981.3
200 DMA
₹855.3
Profit Margin
6.7%
Inst. Own.
15.2%
⚡ APPROACHING SUPPORT
⚡ APPROACHING SUPPORT
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 248 | 292 | 252 | 295 | 245 | 391 | 359 | 399 | 403 | 427 | 383 | 365 | 401 |
| Expenses | 212 | 246 | 218 | 254 | 212 | 342 | 308 | 345 | 351 | 365 | 329 | 321 | 341 |
| Operating Profit | 36 | 47 | 34 | 41 | 33 | 50 | 51 | 54 | 53 | 62 | 54 | 44 | 60 |
| OPM % | 15% | 16% | 14% | 14% | 13% | 13% | 14% | 14% | 13% | 15% | 14% | 12% | 15% |
| Other Income | 4 | 6 | 5 | 2 | 3 | 2 | 3 | 4 | 2 | 7 | 6 | 4 | 4 |
| Interest | 6 | 4 | 5 | 3 | 5 | 11 | 8 | 10 | 12 | 10 | 10 | 9 | 15 |
| Depreciation | 9 | 10 | 9 | 9 | 10 | 11 | 12 | 11 | 11 | 12 | 12 | 12 | 13 |
| Profit before tax | 25 | 38 | 24 | 30 | 21 | 30 | 34 | 37 | 31 | 47 | 37 | 26 | 36 |
| Tax % | 40% | 26% | 28% | 5% | 12% | 28% | 29% | 19% | 32% | 26% | 27% | 30% | 31% |
| Net Profit | 15 | 29 | 18 | 28 | 18 | 22 | 24 | 30 | 21 | 35 | 27 | 19 | 25 |
| EPS in Rs | 5.98 | 11.38 | 7.03 | 11.35 | 7.20 | 8.75 | 9.64 | 12.12 | 8.53 | 13.83 | 10.74 | 7.35 | 9.91 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 471 | 532 | 632 | 662 | 825 | 808 | 652 | 859 | 1,081 | 1,087 | 1,395 | 1,578 | 1,576 |
| Expenses | 403 | 447 | 528 | 555 | 691 | 724 | 547 | 707 | 935 | 929 | 1,207 | 1,367 | 1,357 |
| Operating Profit | 69 | 85 | 104 | 106 | 134 | 84 | 105 | 152 | 146 | 158 | 188 | 212 | 220 |
| OPM % | 15% | 16% | 16% | 16% | 16% | 10% | 16% | 18% | 14% | 15% | 13% | 13% | 14% |
| Other Income | 7 | -12 | 21 | 16 | 3 | 13 | 1 | 9 | 20 | 16 | 12 | 18 | 20 |
| Interest | 31 | 25 | 18 | 29 | 6 | 23 | 14 | 12 | 19 | 19 | 33 | 41 | 44 |
| Depreciation | 20 | 20 | 19 | 22 | 22 | 30 | 32 | 35 | 36 | 38 | 43 | 48 | 50 |
| Profit before tax | 24 | 28 | 87 | 71 | 109 | 44 | 59 | 115 | 111 | 118 | 123 | 141 | 146 |
| Tax % | 60% | 33% | 38% | 33% | 33% | -6% | 27% | 26% | 26% | 24% | 23% | 28% | |
| Net Profit | 10 | 19 | 54 | 48 | 73 | 47 | 43 | 85 | 83 | 90 | 95 | 101 | 105 |
| EPS in Rs | 5.98 | 10.98 | 21.30 | 19.00 | 28.56 | 18.26 | 16.80 | 32.96 | 32.88 | 35.72 | 37.90 | 40.16 | 41.83 |
| Dividend Payout % | 0% | 0% | 0% | 3% | 0% | 0% | 13% | 0% | 9% | 0% | 0% | 7% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 13.0% | 19.0% | 11.0% |
| Profit CAGR | 7.0% | 18.0% | 14.0% |
Shareholding Pattern
Promoters61.93%
FIIs1.83%
DIIs19.92%
Public16.32%
Promoters61.93%
FIIs1.49%
DIIs19.79%
Public16.80%
Promoters61.93%
FIIs1.83%
DIIs18.72%
Public17.52%
Promoters61.81%
FIIs1.48%
DIIs16.57%
Public20.13%
Promoters61.81%
FIIs1.49%
DIIs16.15%
Public20.55%
Promoters61.93%
FIIs1.09%
DIIs17.73%
Public19.25%
Promoters61.93%
FIIs1.53%
DIIs18.87%
Public17.68%
Promoters61.93%
FIIs1.81%
DIIs19.68%
Public16.59%
Promoters61.81%
FIIs1.48%
DIIs16.57%
Public20.13%
Promoters61.81%
FIIs1.49%
DIIs16.15%
Public20.55%
SPAL
Holdings Analysis
Key strengths & risk signals
63
Overall
64
Fundamental
62
Technical
Risks (3)
LOW MARGIN! 6.7% profit margin - thin profits.
RECOVERY MODE! Current price (926.9) above 200-day but below 50-day.
WEAK MOMENTUM! Limited price growth - 1.5% (1 week), -4.9% (1 month), -6.6% (3 months).
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (981.3) is above 200-day average (855.3) - positive signal.
GOOD YEAR! Stock gained 34.2% in the last year.
LOW VOLATILITY! Beta of 0.10 - stable stock, less market risk.
Fundamental & Technical Analysis
63Overall
64Fundamental
62Technical
Fundamental Breakdown
Growth Quality
19/30
Revenue CAGR: 13.3% (GOOD, 11/15). Profit CAGR: 7.0% (MODERATE, 8/15).
Profit Margin
3/10
LOW MARGIN! 6.7% profit margin - thin profits.
PEG Valuation
3/10
OVERVALUED! PEG of 3.17 means expensive relative to growth rate.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.32% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
16/20
LESS PUBLIC HOLDING! 19.41% public ownership - good institutional/promoter control.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (981.3) is above 200-day average (855.3) - positive signal.
Price Position
2/10
RECOVERY MODE! Current price (926.9) above 200-day but below 50-day.
Trend Pattern
10/20
TESTING SUPPORT! Stock is at key support level.
52W Performance
10/10
GOOD YEAR! Stock gained 34.2% in the last year.
Volume Sentiment
15/30
BEARISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 35,611 vs down days: 37,843. Ratio: 0.94x
RSI
3/5
NEUTRAL! RSI at 42.1 - balanced momentum.
52W Range
3/5
MID RANGE! Trading at 52.6% of 52W range - neutral zone.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - 1.5% (1 week), -4.9% (1 month), -6.6% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.10 - stable stock, less market risk.
SPAL
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-05-26 | Concall PDF | |
| Q3FY262026-02-18 | Concall PDF | |
| Q2FY262025-11-20 | Concall PDF |
Peer Comparison
Consumer Cyclical · Apparel Manufacturing · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SPAL | ₹926.90 | 22.2 | 6.7% | 13.3% | 7.0% | +34.2% | 63 | APPROACHING SUPPORT | +20.3% | +33.9% | -0.6% | +9.9% |
| KITEX | ₹122.20 | – | -3.8% | 5.8% | -53.2% | -38.0% | 50 | BREAKOUT | -191.8% | +389.7% | -19.5% | -4.7% |
| CANTABIL | ₹249.70 | 21.4 | 11.2% | 15.5% | 12.5% | +1.1% | 75 | BREAKOUT | +10.9% | -44.2% | +12.7% | -29.5% |
| KKCL | ₹448.10 | 18.8 | 11.8% | 15.8% | 6.0% | -14.5% | 65 | BOUNCE FROM SUPPORT | +22.6% | +22.6% | +19.2% | -13.8% |
| SBC | ₹63.30 | 74.5 | 6.6% | 27.2% | 54.1% | +175.5% | 82 | BREAKOUT | +269.2% | +17.1% | +67.0% | -14.5% |
| DOLLAR | ₹275.00 | 13.9 | 5.9% | 10.6% | 26.9% | -22.6% | 69 | APPROACHING RESISTANCE | +22.1% | -20.2% | +1.4% | -34.9% |
| IRISDOREME | ₹64.30 | 69.9 | 8.8% | 19.2% | 25.2% | +81.7% | 79 | CONSOLIDATING UP | +53.8% | -37.5% | +26.2% | -22.0% |
| RUPA | ₹135.90 | 14.4 | 5.9% | 3.3% | 10.5% | -31.3% | 65 | BREAKOUT | +50.9% | -77.1% | +10.0% | -54.3% |
Data from TradeAlone · Updated daily
No news tagged for SPAL yet.
