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S.P. Apparels Limited (SPAL.NS)
INR1,076.70
-44.90 (-4.00%)
IN NSE Consumer Cyclical Apparel - Manufacturers
Address
39-A, Extension Street 641654
Tirupur, IN
Tirupur, IN
CEO
V. Jeeva
Website
s-p-apparels.com
IPO
2016-08-12
ISIN INE212I01016
Also trades on
Bombay Stock Exchange · SPAL.BO (INR)
National Stock Exchange of India · SPAL.NS (INR)
Description
S.P. Apparels Limited, an Indian enterprise, specializes in producing and selling knitted attire primarily for infants and children within the domestic market. The company further diversifies its portfolio by manufacturing, distributing, and marketing an extensive collection of adult menswear, including shirts, polo shirts, t-shirts, trousers, jeans, sweaters, jackets, vests, briefs, boxer shorts, and socks, all under its prominent 'Crocodile' brand. Additionally, it offers essential women's clothing lines through the 'Natalia' label. A portion of its merchandise is also exported internationally. Established in 1988, S.P. Apparels Limited operates from its headquarters in Tirupur, India.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
INR1,076.70
-44.90 (-4.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
245.8K
Beta
-0.09
Float Shares
9.24M
Free Float %
36.8%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.63% | -4.15% | -0.48% | +4.05% | -3.71% | +8.70% | -11.68% | +99.48% | +278.81% | +164.42% | +164.42% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
1,076.70
DCF (Unlevered)
2,208.92
+105.2%
DCF (Levered)
1,959.06
+82.0%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
100% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | -1 |
| Buy | 1 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Piotroski F-Score
4 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Apparel - Manufacturers: +3.9%+13.2% ★ Q1'26: -8.6% (vs Q1'25)
-
EPS growth Apparel - Manufacturers: +10.5%+6.2% Q1'26: -38.8% (vs Q1'25)
-
FCF margin FCF growth · Apparel - Manufacturers: +37.5%+12.9% Q1'26: +16.2% (vs Q1'25)
-
EBIT margin Apparel - Manufacturers: +8.0%+10.8% ★ Q1'26: +8.9% (vs Q1'25)
-
ROIC Apparel - Manufacturers: +6.0%+9.5% ★ Q1'26: +7.1% (vs Q1'25)
-
Share dilution Apparel - Manufacturers: +0.0%0.0% ★ Q1'26: +0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Apparel - Manufacturers: 0.02×1.92× Q1'26: 3.08× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 2 Rev. Ana. 1 EPS Ana. |
Mar 2027 2 Rev. Ana. 1 EPS Ana. |
Mar 2028 2 Rev. Ana. 1 EPS Ana. |
Mar 2029 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
6.33B
est: 6.33B (+0.0%)
|
6.62B
est: 6.52B (+1.6%)
|
8.26B
est: 8.28B (-0.2%)
|
7.63B
est: 8.44B (-9.6%)
|
6.32B
est: 6.68B (-5.5%)
|
8.22B
est: 8.59B (-4.3%)
|
10.27B
est: 10.78B (-4.7%)
|
10.31B
est: 10.85B (-4.9%)
|
13.95B
est: 13.92B (+0.2%)
|
16.16B
15.95B – 16.38B
+16.1% YoY
|
18.42B
18.36B – 18.48B
+14.0% YoY
|
20.55B
20.51B – 20.58B
+11.5% YoY
|
25.39B
25.30B – 25.47B
+23.6% YoY
|
| EBITDA |
1.25B
est: 1.04B (+20.1%)
|
1.14B
est: 1.07B (+6.5%)
|
1.42B
est: 970.87M (+46.6%)
|
896.46M
est: 1.51B (-40.7%)
|
1.04B
est: 550.79M (+88.0%)
|
1.60B
est: 1.41B (+13.3%)
|
1.59B
est: 590.98M (+169.4%)
|
1.69B
est: 1.72B (-1.9%)
|
2.00B
est: 2.21B (-9.6%)
|
2.57B
2.53B – 2.60B
+16.1% YoY
|
2.93B
2.92B – 2.94B
+14.0% YoY
|
3.26B
3.26B – 3.27B
+11.5% YoY
|
4.03B
4.02B – 4.05B
+23.6% YoY
|
| EBIT |
1.05B
est: 790.53M (+33.3%)
|
893.51M
est: 814.32M (+9.7%)
|
1.21B
est: 1.13B (+7.0%)
|
597.12M
est: 1.02B (-41.2%)
|
712.31M
est: 404.77M (+76.0%)
|
1.25B
est: 1.07B (+16.6%)
|
1.23B
est: 434.30M (+183.3%)
|
1.31B
est: 1.34B (-2.2%)
|
1.57B
est: 1.72B (-9.1%)
|
2.00B
1.98B – 2.03B
+16.1% YoY
|
2.28B
2.27B – 2.29B
+14.0% YoY
|
2.54B
2.54B – 2.55B
+11.5% YoY
|
3.14B
3.13B – 3.16B
+23.6% YoY
|
| Net Income |
536.05M
est: 682.34M (-21.4%)
|
478.13M
est: 557.26M (-14.2%)
|
733.72M
est: 582.68M (+25.9%)
|
469.19M
est: 757.65M (-38.1%)
|
431.73M
est: 377.67M (+14.3%)
|
846.93M
est: 828.45M (+2.2%)
|
825.12M
est: 716.85M (+15.1%)
|
896.25M
est: 927.00M (-3.3%)
|
951.02M
est: 924.86M (+2.8%)
|
1.11B
1.10B – 1.11B
+19.9% YoY
|
1.38B
1.33B – 1.43B
+24.4% YoY
|
1.67B
1.66B – 1.68B
+20.9% YoY
|
2.10B
2.09B – 2.10B
+25.6% YoY
|
| SGA |
229.80M
est: 157.04M (+46.3%)
|
167.67M
est: 161.76M (+3.7%)
|
200.56M
est: 2.55B (-92.1%)
|
206.73M
est: 2.75B (-92.5%)
|
130.70M
est: 2.09B (-93.8%)
|
193.36M
est: 213.10M (-9.3%)
|
226.56M
est: 2.25B (-89.9%)
|
282.68M
est: 615.26M (-54.1%)
|
423.73M
est: 789.29M (-46.3%)
|
916.50M
904.28M – 928.73M
+16.1% YoY
|
1.04B
1.04B – 1.05B
+14.0% YoY
|
1.16B
1.16B – 1.17B
+11.5% YoY
|
1.44B
1.43B – 1.44B
+23.6% YoY
|
| EPS |
21.30
est: 27.18 (-21.6%)
|
19.00
est: 22.20 (-14.4%)
|
28.66
est: 30.90 (-7.3%)
|
18.26
est: 23.70 (-23.0%)
|
16.80
est: 20.10 (-16.4%)
|
32.96
est: 33.00 (-0.1%)
|
32.37
est: 39.75 (-18.6%)
|
35.72
est: 36.94 (-3.3%)
|
37.88
est: 36.85 (+2.8%)
|
44.20
44.00 – 44.40
+19.9% YoY
|
55.00
52.92 – 57.08
+24.4% YoY
|
66.50
66.21 – 66.79
+20.9% YoY
|
83.50
83.14 – 83.86
+25.6% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-21 | A | 4/5 | 5/5 | 4/5 | 5/5 | 2/5 | 3/5 | 3/5 |
| 2026-05-20 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-19 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-18 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-15 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-14 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-13 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-12 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-11 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-08 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-07 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-06 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-05 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-04 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-30 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-29 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-28 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-24 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-17 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
2.89B
OE per share TTM
114.93
Owner's Yield
15.08%
Maintenance CapEx ratio
141.86%
Maint CapEx / Avg PPE
49.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 5 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Dimensional - Emerging Markets Value ETF DFEV | 0.00% | 56.2K | 0.46% |
| 2 | Dimensional - Emerging Markets Core Equity 2 ETF DFEM | 0.00% | 187.3K | 0.39% |
| 3 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 78.5K | 0.28% |
| 4 | Dimensional - Emerging Markets ex China Core Equity ETF DEXC | 0.00% | 450.23 | 0.56% |
| 5 | Dimensional - Emerging Core Equity Market ETF DFAE | 0.00% | 12.5K | 0.29% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
202.1K
Shares Outstanding
25.14M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Sundararajan Perumal Mudaliar | Chairman & MD | 24M | male |
| Sundararajan Latha | Executive Director | 19M | female |
| Chenduran Sundararajan | Joint MD & Non-Executive Director | 15M | male |
| Sundararajan Senthil Shantha | Joint MD & Director | 1M | female |
| V. Jeeva | Chief Executive Officer of Garment Division | — | female |
| C. Narayanan | GM of Spinning | — | — |
| Vinodhini Kanagaraj | Nodal Officer, Company Secretary & Compliance Officer | — | female |
| Manoharan Rajan | GM of Operations - 2 | — | — |
| T. R. Ponnusamy | General Manager of Marketing & Merchandising | — | male |
| V. Balaji | Chief Financial Officer | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for SPAL.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
