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SPL Industries Limited
(SPLIL)
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Rating:60Neutral
Price Target:
₹36.00
▼(-5.64% Downside)
Action:Reiterated
Date:08/27/26
Overall score reflects a strong, low-risk balance sheet offset by materially deteriorating operating results and a sharp swing to negative free cash flow. Technicals provide some support with price trading above key moving averages and moderate positive momentum, while valuation looks fair (P/E ~12) but is constrained by uncertainty around the sustainability of earnings given negative operating profitability.
Positive Factors
Debt-Free Balance Sheet
Essentially no leverage reduces interest burden and refinancing risk, giving SPL Industries greater resilience through weak apparel cycles and more flexibility to fund operations or investment without relying heavily on external capital.
Negative Factors
Sharp Revenue Contraction
The revenue decline signals weaker demand, customer volumes, or production utilization and reduces operating leverage. Two consecutive years of contraction make recovery less certain and can pressure the company’s market position and supplier economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
Essentially no leverage reduces interest burden and refinancing risk, giving SPL Industries greater resilience through weak apparel cycles and more flexibility to fund operations or investment without relying heavily on external capital.
Read all positive factors
SPL Industries Limited (SPLIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹917.56M
Dividend YieldN/A
Average Volume (3M)7.63K
Price to Earnings (P/E)12.0
Beta (1Y)1.29
Revenue Growth-36.35%
EPS Growth1.94%
CountryIN
Employees257
SectorGeneral
Sector StrengthN/A
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)2.43
Shares Outstanding29,000,004
10 Day Avg. Volume434
30 Day Avg. Volume7,626
Financial Highlights & Ratios
PEG Ratio-0.31
Price to Book (P/B)0.29
Price to Sales (P/S)0.90
P/FCF Ratio-3.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SPL Industries Limited Business Overview & Revenue Model
Company Description
SPL Industries Limited, an Indian enterprise established in 1991 and based in Faridabad, specializes in the creation, production, and distribution of cotton knitted apparel and other textile products. The company's business activities are primaril...
SPL Industries Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
80
Positive
Cash Flow
52
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 695.40M | 1.39B | 1.99B | 2.69B | 1.89B |
| Gross Profit | -55.61M | 72.75M | 287.11M | 301.13M | 281.63M |
| EBITDA | -81.69M | 159.83M | 192.96M | 369.04M | 317.62M |
| Net Income | 70.61M | 97.92M | 117.51M | 238.36M | 210.84M |
Balance Sheet | |||||
| Total Assets | 2.35B | 2.22B | 2.08B | 2.09B | 2.10B |
| Cash, Cash Equivalents and Short-Term Investments | 792.56M | 708.39M | 242.32M | 327.48M | 683.63M |
| Total Debt | 0.00 | 0.00 | 40.00K | 106.59M | 49.30M |
| Total Liabilities | 190.40M | 131.76M | 89.85M | 216.46M | 466.91M |
| Stockholders Equity | 2.16B | 2.09B | 1.99B | 1.87B | 1.63B |
Cash Flow | |||||
| Free Cash Flow | -193.02M | 231.64M | 42.82M | 3.05M | 13.62M |
| Operating Cash Flow | 234.03M | 206.99M | 71.48M | 140.02M | 80.82M |
| Investing Cash Flow | -232.45M | -208.09M | 37.53M | -257.95M | -43.29M |
| Financing Cash Flow | 0.00 | -1.06M | -107.42M | 47.78M | -2.21M |
SPL Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹15.57B | 13.70 | ― | 1.16% | 6.24% | 15.54% | |
62 Neutral | ₹396.36B | 51.88 | ― | 1.36% | 7.57% | -1.16% | |
62 Neutral | ₹12.00B | 15.79 | ― | 1.85% | 5.33% | -4.01% | |
60 Neutral | ₹917.56M | 11.98 | ― | ― | -36.35% | 1.94% | |
60 Neutral | ₹1.07B | 34.58 | ― | ― | -10.49% | 17.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹36.82B | 35.46 | ― | 0.16% | 10.61% | -33.92% |
* General Sector Average
IN:SPLIL
SPL Industries Limited
34.05
-5.77
-14.49%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.