S.P. Apparels Ltd. stock analysis
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S.P. Apparels Ltd. (SPAL) Stock Price & Analysis
SPAL Stock Chart & Stats
- Day’s Range
- INR 896.00 - INR 944.60
- 52-Week Range
- INR 585.00 - INR 1,220.10
- Previous Close
- INR 918.50
- Volume
- N/A
- Average Volume (3M)
- 3,083
- Market Cap
- INR 23.09B
- Enterprise Value
- INR 21.10B
- Total Cash (Recent Filing)
- INR 726.33M
- Total Debt (Recent Filing)
- INR 0
- Price to Earnings (P/E)
- 21.8
- Beta
- 0.96
- Next Earnings
- Feb 05, 2027 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Sep 04, 2026
- Dividend Yield
- 0.33%
Bulls Say, Bears Say
Bulls Say
Balance Sheet Resilience
Manageable leverage and a growing equity base provide financial resilience as SPAL navigates operating volatility. Consistently positive ROE indicates that the company continues to generate reasonable returns on shareholder capital, supporting reinvestment and debt-servicing capacity over the coming quarters.
Improved Free Cash Flow
The return to positive free cash flow improves SPAL’s ability to fund capital needs and meet financial obligations without relying entirely on external financing. Although sustainability remains important, the FY2026 rebound provides a stronger cash foundation than the prior year’s negative free cash flow.
Underlying Profitability
SPAL remains profitable despite a difficult revenue period, with positive net and operating margins demonstrating that the business retains earnings capacity. This profitability can support internal funding and provide a base for recovery if apparel demand and revenue volumes stabilize over the next several quarters.
Bears Say
Severe Revenue Contraction
The sharp FY2026 revenue contraction materially weakens earnings visibility and indicates that recent growth has not been dependable. Lower sales volumes can reduce operating leverage, limit reinvestment capacity, and make recovery dependent on a sustained improvement in customer orders and production activity.
Gross Margin Compression
The substantial gross-margin decline signals weaker profitability at the core garment business level and reduces the amount available to cover operating costs, financing, and investment. Unless margins recover, even a rebound in revenue may translate into weaker earnings and less durable cash generation.
Volatile Cash Conversion
Uneven cash conversion makes the reported profit base less reliable as a measure of internally available funding. Volatility in operating and free cash flow can constrain capex planning, increase reliance on balance-sheet resources, and reduce flexibility if revenue weakness persists through the cycle.
S.P. Apparels Ltd. News
S.P. Apparels Shareholders Approve Appointment of Independent Director via Postal Ballot
S.P. Apparels Ltd. ( ($IN:SPAL) ) has shared an announcement. S.P. Apparels Limited has announced that its shareholders have approved, via remote e-voting through a postal ballot process, the appointment
SPAL FAQ
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Company Description
S.P. Apparels Ltd.
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.
- Sector
- General
- Industry
- Apparel - Manufacturers
- CEO
- Sundararajan Mudaliar
- Employees
- 13,534
- Website
- www.s-p-apparels.com
- Address
- 39-A, Extension Street, Tirupur, TN, 641654, IN
S.P. Apparels Ltd. (SPAL) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 11 | 5 | 6 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 8 | 0 | 4 |
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