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S.P.Apparels Ltd

S.P.Apparels Ltd

SPAL Share Price

NSE
1,023.000.20% (-2.00)
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With a market cap of ₹2,339 cr, stock is ranked 1,176

Stock is 3.76x as volatile as Nifty

SPAL Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹2,339 cr, stock is ranked 1,176

Stock is 3.76x as volatile as Nifty

SPAL Performance & Key Metrics

SPAL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
22.272.490.32%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld

SPAL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 2 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

SPAL Company Profile

S.P. Apparels Limited is a manufacturer and exporter of knitted garments for infants and children in India. The Company manufactures and retail menswear garments in India under the brand Crocodile.

Investor Presentation

View older View older 

Aug 12, 2026

PDF
View Older Presentations

SPAL Similar Stocks (Peers)

Compare with peers Compare with peers 

SPAL Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
51.81
51.81
1Y Return
20.11%
20.11%
Buy Reco %
69.57
69.57
PE Ratio
35.29
35.29
1Y Return
71.24%
71.24%
Buy Reco %
100.00
100.00
PE Ratio
39.70
39.70
1Y Return
74.69%
74.69%
Buy Reco %
85.71
85.71
PE Ratio
43.72
43.72
1Y Return
30.15%
30.15%
Buy Reco %
100.00
100.00
PE Ratio
46.47
46.47
1Y Return
20.61%
20.61%
Buy Reco %
85.71
85.71
Compare with Peers

SPAL Sentiment Analysis

SPAL Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

SPAL Stock Summary · August 2026

Management said the quarter combined steady demand visibility with improving profitability, even as U.S. tariff disruption delayed some orders and shipments. Consolidated revenue was broadly stable at around INR 401 crores, but EBITDA still rose 15.9% year on year to INR 61.4 crores and margin expanded to 15.3%, helped by better operating efficiency, product mix and yarn spreads. The tone was constructive, with management emphasizing a solid order book, bookings visible for the next four to five months and capacity effectively spoken for through October, while also highlighting disciplined liquidity, working capital and capital allocation. Strategic focus stayed on scaling export platforms and manufacturing capacity, especially in Sri Lanka and the U.K., where the India-U.K. free trade agreement has improved customer engagement and added three new brands. Management also noted that retail and Young Brand businesses are improving in profitability, though still in scaling phases. Looking ahead, it reiterated FY27 consolidated revenue guidance of INR 2,000 crores, expected moderate first-half growth, and a stronger second half, with no spillover from shipment delays into Q2.

SPAL Stock Growth Drivers
SPAL Stock Growth Drivers
11
  • Shareholder Returns and Capital Allocation Actions

    The company took direct steps to enhance shareholder value by approving a dividend of INR

  • Structural Export Demand Tailwinds and Trade Agreement Benefits

    The business is benefiting from a favorable shift in global apparel sourcing as brands diversify

SPAL Stock Challenges
SPAL Stock Challenges
4
  • Tariff-Driven Demand Disruption and Shipment Delays

    A key negative theme is the disruption caused by U.S. tariff uncertainty, which weakened ordering

  • Weak Profitability in SPUK and Costly Shipment Execution

    SPUK remained unprofitable in the quarter despite strong revenue growth, with EBITDA negative at INR

SPAL Forecast

SPAL Forecasts

Price

Revenue

Earnings

SPAL

SPAL

Income

Balance Sheet

Cash Flow

SPAL Income Statement

SPAL Income Statement

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Quartermar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026jun 2026
Total Revenue296.77248.03393.68362.18403.43405.07434.15388.83368.71404.63
Operating & Other expensessubtract254.33212.31341.62308.43344.97350.51365.27329.35321.35340.69
Depreciation/Amortizationsubtract9.499.8011.0011.7711.3211.2911.7512.4812.3413.24
Interest & Other Itemssubtract3.125.3110.707.799.6911.7810.3210.028.6014.86
Taxes & Other Itemssubtract1.352.548.4210.027.0510.0812.0910.047.9510.94
EPS11.347.198.739.8612.118.2013.8310.767.409.89

SPAL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2027FY 2027

Annual Report Pending

Investor Presentation

Aug 12PDF
FY 2026FY 2026

Annual report

PDF

Investor Presentation

May 21PDF
Feb 12PDF
Nov 15PDF
Aug 18PDF
FY 2025FY 2025

Annual report

PDF

Investor Presentation

May 28PDF
Feb 11PDF
Nov 11PDF
FY 2024FY 2024

Annual report

PDF
FY 2023FY 2023

Annual report

PDF

Investor Presentation

May 18PDF
May 17PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF
 

SPAL Stock Peers

SPAL Past Performance & Peer Comparison

SPAL Past Performance & Peer Comparison

Comparing 3 stocks from 
Consumer DiscretionaryApparel & Accessories

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
S.P.Apparels Ltd23.172.490.32%
Page Industries Limited51.8126.341.55%
Arvind Ltd35.293.530.81%
Pearl Global Industries Ltd39.707.660.61%

SPAL Stock Price Comparison

Compare SPAL with any stock or ETF
Compare SPAL with any stock or ETF
SPAL
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SPAL Holdings

SPAL Shareholdings

SPAL Promoter Holdings Trend

SPAL Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

SPAL Institutional Holdings Trend

SPAL Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

SPAL Shareholding Pattern

SPAL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding61.81%14.64%1.51%1.49%20.55%

Sep 2025

Dec 2025

Mar 2026

Jun 2026

SPAL Shareholding History

SPAL Shareholding History

MarJunSepDec '25MarJun1.81%1.83%1.48%1.83%1.48%1.49%

Mutual Funds Invested in SPAL

Mutual Funds Invested in SPAL

No mutual funds holding trends are available

Top 5 Mutual Funds holding S.P.Apparels Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
8.6743%0.94%-0.18%39/86 (-7)
3.6153%0.24%-0.04%52/131 (0)
1.1321%0.39%-0.21%32/155 (+69)

Compare 3-month MF holding change on Screener

SPAL Insider Trades & Bulk Stock Deals

SPAL Insider Trades & Bulk Stock Deals

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smallcases containing SPAL stock

smallcases containing SPAL stock

Looks like this stock is not in any smallcase yet.

SPAL Events

SPAL Events

SPAL Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

SPAL Dividend Trend

No dividend trend available

SPAL Upcoming Dividends

SPAL Upcoming Dividends

No upcoming dividends are available

SPAL Past Dividends

SPAL Past Dividends

Cash Dividend

Ex DateEx DateSep 4, 2026

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Sep 4, 2026

Cash Dividend

Ex DateEx DateAug 25, 2025

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Aug 25, 2025

Cash Dividend

Ex DateEx DateSep 15, 2023

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Sep 15, 2023

Cash Dividend

Ex DateEx DateSep 3, 2021

Final
Final | Div/Share: ₹2.25

Dividend/Share

2.25

Ex DateEx Date

Sep 3, 2021

Cash Dividend

Ex DateEx DateSep 7, 2018

Final
Final | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Sep 7, 2018

SPAL Stock News & Opinions

SPAL Stock News & Opinions

Earnings
Earnings
S P Apparels Ltd consolidated sales up 9.91% on year in Q2FY2026, net profit soared by 33.78%

S P Apparels Ltd share price ticked higher by 3.14% to Rs 1067.55 after the company's net profit saw a strong growth of 33.78% to Rs 24.87 crore, while revenue from operations slightly gained 9.91% to Rs 401.08 crore in Q2FY26 over Q1FY26. The market capitalization of Garments & Apparels industry group stocks on BSE stood at Rs 87655.53 crore, gaining 2.94%. It has inched up 0.57% over last one week and advanced by 14.60% in last one month while the market capitalization of S P Apparels Ltd has marginally improved by 3.33% and 32.61% in the same period respectively. Profit before tax (PBT) of S P Apparels Ltd stood at Rs 35.85 crore in Q2 FY26, rising by 13.85% year-on-year, and rallying 35.64% quarter-on-quarter. EBITDA came in at Rs 58 crore, heading higher 12.71% YoY and expanding by 41.58% sequentially. Total expenses saw a slight increase of 6.12% to Rs 352.95 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 134.08 crore, witnessing a sharp rise of 37.22% YoY, while employee benefits expense was at Rs 98.5 crore, registering a growth of 10.45% YoY. For the TTM ended FY26, revenue from operations jumped by 28.30% to Rs 1395.13 crore, while net profit saw a marginal increase of 6.10% to Rs 95.1 crore, compared to previous TTM. EBITDA surged by 14600% to Rs 175.62 crore, and PBT saw a minor gain of 4.74% to Rs 123.22 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 44.42 crore in FY26, as against Rs 79.2 crore in FY25. S P Apparels Ltd jumped 29.68% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.56% during the same period.

1 month agoCapital Market - Live
Corporate
Corporate
S.P.Apparels Limited to review financials, dividends, and equity share split at board meeting

S.P.Apparels Limited will hold a board meeting on Tuesday, August 11, 2026, to consider and approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, recommend a final dividend for the financial year 2025-26, and address alterations to the company’s Memorandum of Association and SPAL Employee Stock Option Plan 2024. The board will also consider a sub-division or split of equity shares from a face value of Rs 10 each to Rs 2 each.

1 month agoCapital Market - Live
Earnings
Earnings
S P Apparels consolidated net profit declines 39.23% in the March 2026 quarter

Net profit of S P Apparels declined 39.23% to Rs 18.48 crore in the quarter ended March 2026 as against Rs 30.41 crore during the previous quarter ended March 2025. Sales declined 8.59% to Rs 364.91 crore in the quarter ended March 2026 as against Rs 399.21 crore during the previous quarter ended March 2025. For the full year,net profit rose 5.98% to Rs 100.84 crore in the year ended March 2026 as against Rs 95.15 crore during the previous year ended March 2025. Sales rose 13.15% to Rs 1578.64 crore in the year ended March 2026 as against Rs 1395.13 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales364.91399.21 -9 1578.641395.13 13 OPM %11.9413.59 -13.4013.46 - PBDT38.7748.78 -21 188.86166.52 13 PBT26.4337.46 -29 141.00123.22 14 NP18.4830.41 -39 100.8495.15 6 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Corporate
S.P. Apparels to discuss results

S.P. Apparels will hold a meeting of the Board of Directors of the Company on 20 May 2026.

4 months agoCapital Market - Live
Corporate
Corporate
S P Apparels allots 46,283 equity shares under ESOP

S P Apparels has allotted 46,283 equity shares under ESOP on 02 March 2026. Powered by Capital Market - Live

6 months agoCapital Market - Live
Earnings
Earnings
S P Apparels consolidated net profit rises 11.50% in the December 2025 quarter

Net profit of S P Apparels rose 11.50% to Rs 26.96 crore in the quarter ended December 2025 as against Rs 24.18 crore during the previous quarter ended December 2024. Sales rose 6.58% to Rs 382.95 crore in the quarter ended December 2025 as against Rs 359.32 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales382.95359.32 7 OPM %14.0014.16 - PBDT49.4745.96 8 PBT36.9934.19 8 NP26.9624.18 11 Powered by Capital Market - Live

7 months agoCapital Market - Live
Corporate
Corporate
S.P. Apparels schedules board meeting

S.P. Apparels will hold a meeting of the Board of Directors of the Company on 11 February 2026.Powered by Capital Market - Live

7 months agoCapital Market - Live
Earnings
Earnings
S P Apparels consolidated net profit rises 58.13% in the September 2025 quarter

Net profit of S P Apparels rose 58.13% to Rs 34.71 crore in the quarter ended September 2025 as against Rs 21.95 crore during the previous quarter ended September 2024. Sales rose 9.21% to Rs 427.34 crore in the quarter ended September 2025 as against Rs 391.30 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales427.34391.30 9 OPM %14.5312.70 - PBDT58.5541.37 42 PBT46.8130.37 54 NP34.7121.95 58 Powered by Capital Market - Live

9 months agoCapital Market - Live
Earnings
Earnings
S P Apparels standalone net profit rises 51.36% in the September 2025 quarter

Net profit of S P Apparels rose 51.36% to Rs 27.29 crore in the quarter ended September 2025 as against Rs 18.03 crore during the previous quarter ended September 2024. Sales rose 20.22% to Rs 307.81 crore in the quarter ended September 2025 as against Rs 256.04 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales307.81256.04 20 OPM %17.4215.64 - PBDT47.2834.42 37 PBT37.3525.09 49 NP27.2918.03 51 Powered by Capital Market - Live

9 months agoCapital Market - Live
Corporate
Corporate
S.P. Apparels to conduct board meeting

S.P. Apparels will hold a meeting of the Board of Directors of the Company on 14 November 2025.Powered by Capital Market - Live

10 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. The share price of SPAL as on 11th September 2026 is ₹1023. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. The past returns of S.P.Apparels Ltd (SPAL) share are
    • Past 1 week: -3.74%
    • Past 1 month: -4.55%
    • Past 3 months: 28.74%
    • Past 6 months: 47.70%
    • Past 1 year: 37.81%
    • Past 3 years: 85.58%
    • Past 5 years: 201.50%

  3. The current dividend yield of S.P.Apparels Ltd (SPAL) is 0.29.

  4. Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of S.P.Apparels Ltd (SPAL) is ₹2571.71 Cr as of 11th September 2026.

  5. The 52-week high of S.P.Apparels Ltd (SPAL) is ₹1221.90 and the 52-week low is ₹600.

  6. The P/E (price-to-earnings) ratio of S.P.Apparels Ltd (SPAL) is 25.48. The P/B (price-to-book) ratio is 2.74.

  7. S.P.Apparels Ltd (SPAL) belongs to the Consumer Discretionary sector & Apparel & Accessories sub-sector.

  8. You can directly buy S.P.Apparels Ltd (SPAL) shares on Tickertape. Simply sign up, connect your demat account and place your order.