SPAL · S. P. Apparels Ltd · Apparel/Accessories
SPAL · S. P. Apparels Ltd · Apparel/Accessories
As of 05 Nov close
52-week range
28.0% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 16 Oct 2026
Revenue (latest Q)
₹401 Cr
Revenue YoY
PAT YoY
+20.4%
Operating margin
Revenue, last 5 quarters
Source: Yahoo Finance, as of 30 Jun 2026
P/E (TTM)
P/B
2.2
P/S (TTM)
Not available from data source
Sector P/E
Not available from data source
Dividend yield
+0.4%
Source: Yahoo Finance, as of 29 Oct 2026
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| SPAL (this stock) | 20.3 | 2.2 | +6.7% | +10.7% | 0.44 | +0.4% |
| Page Industries * | 61.1 | 25.7 | +14.1% | +50.3% | 0.18 | +1.7% |
| Vardhman Textiles * | 21.4 | 1.5 | +8.3% | +8.1% | 0.18 | +0.9% |
| Indo Count Industries * | 57.6 | 4.1 | +3.4% | +6.4% | 0.57 | +0.3% |
* Net margin, ROE, D/E and dividend yield for these companies come from RedixFi fundamentals; the data vendor had no values for them.
Promoter
stable
FII
stable
MF
14.64% (-0.43pp)
falling 3q
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 28 Aug 2026 | P.Sundararajan | SELL | 5,00,000 | ₹46.25 Cr |
| 15 Jun 2026 | P.V Jeeva | SELL | 2,245 | ₹19.12 lakh |
| 15 Jun 2026 | P.V Jeeva | SELL | 2,245 | ₹19.12 lakh |
| 05 Jun 2026 | V. Balaji | SELL | 1,750 | ₹14.08 lakh |
Bulk/block deals
| date | canonicalSymbol | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| 2026-08-28 | SPAL | 500000 | 1 | WEAK | BULK |
| 2026-06-15 | SPAL | 346860 | 1 | WEAK | BULK |
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: During the Q1 FY27 earnings conference call held on August 13, 2026, management reported that the Board approved a dividend of INR 3 per share and proposed a stock split from INR 10 to INR 2 per share, pending approval. Management noted a stable revenue performance with improved profitability, despite a soft top line due to U.S. tariff impacts. They highlighted a goal of achieving consolidated revenue of INR 2,000 crores for FY27, with stronger growth anticipated in the second half. The Garment division remained a key growth driver, showing improved margins and operational efficiencies. Management also discussed the positive impact of the India-U.K. free trade agreement and the addition of new U.K. brands to their customer base. The Young Brand Apparel segment is set to expand with new product lines, while the retail division showed revenue growth. Overall, management expressed confidence in achieving growth objectives and delivering long-term value to stakeholders.
Management emphasized growth initiatives and improved profitability.
Sourced from an exchange-filed transcript, dated 17 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation for S. P. Apparels Limited (SPAL) for Q1 FY27 reported a consolidated revenue from operations of Rs. 4,010.8 million, reflecting a 9.9% quarter-on-quarter increase. EBITDA rose by 37.5% to Rs. 613.6 million, while profit after tax (PAT) increased by 33.8% to Rs. 248.7 million. The presentation highlighted a significant turnaround in the retail division, which improved EBITDA to Rs. 4.2 million from a loss of Rs. 20.7 million in Q1 FY26. SPAL's UK revenue more than doubled year-on-year, reaching Rs. 333.0 million. The company declared a dividend of Rs. 3 per share and proposed a stock split from Rs. 10 to Rs. 2 per share. Management outlined growth strategies focusing on expanding geographical footprints and enhancing existing verticals, including plans for strategic partnerships and capital market fundraising.
Management emphasized strong financial performance and growth strategies.
Sourced from an exchange-filed presentation, dated 12 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings conference call held on May 22, 2026, management of S.P. Apparels Limited discussed the company's performance for Q4 and FY26. Management noted that the global apparel market remained dynamic, with export volumes in the Garment division softer due to US tariff disruptions and geopolitical factors. For FY26, the Garment division reported operational revenue of INR 1,421 crores and EBITDA of INR 230 crores. Management highlighted the importance of their integrated operations and the ongoing expansion in Sri Lanka, aiming for INR 200-250 crores in revenue from that region in FY27. The Retail division achieved positive EBITDA from Q2 to Q4 FY26, with revenue of INR 71.54 crores. Management set a goal of INR 2,000 crores in consolidated revenue for FY27, with an EBITDA margin of around 15%. The call concluded with management expressing confidence in the company's growth trajectory and operational improvements.
Management provided a balanced overview of challenges and growth opportunities.
Sourced from an exchange-filed transcript, dated 26 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation for S. P. Apparels Limited (SPAL) for Q4 and FY26 reported a consolidated revenue from operations of Rs. 15,786.4 million, reflecting a 13.2% year-over-year increase. The presentation highlighted a consolidated profit after tax (PAT) of Rs. 1,009.5 million, which was a 6.1% increase from the previous fiscal year. The EBITDA margin for FY26 was reported at 13.8%, with a total EBITDA of Rs. 2,178.1 million, marking a 16.0% increase year-over-year. The SPUK division achieved a positive EBITDA of Rs. 11.0 million during FY26, and the retail division showed a turnaround with positive EBITDA from Q2FY26 to Q4FY26. The presentation outlined growth strategies including expanding geographical footprints and enhancing existing verticals, alongside a commitment to sustainability and social responsibility.
Management emphasized growth and positive financial performance across various divisions.
Sourced from an exchange-filed presentation, dated 21 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The earnings conference call for S.P. Apparels Limited on February 13, 2026, featured management discussing the company's performance for Q3 and 9M FY26. Chairman P. Sundararajan reported a steady quarter despite sector softness, highlighting improved clarity from recent trade agreements between India and the U.S. and the EU. Management noted a healthy reengagement from American buyers and the onboarding of new customers. The Garment division's utilization declined due to new machine additions and U.S. tariffs, but management anticipated improvements in the next financial year. CFO V. Balaji provided financial highlights, reporting a 10.9% year-on-year revenue growth for Q3 and a 21.9% increase for the nine-month period. The company maintained its revenue guidance of INR 2,000 crores by FY27, emphasizing a focus on quality growth and disciplined execution. Management expressed optimism regarding future growth prospects, particularly in the U.K. and EU markets.
Management expressed optimism about growth prospects and operational performance.
Sourced from an exchange-filed transcript, dated 18 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation for S. P. Apparels Limited (SPAL) reported financial results for Q3 and 9M FY26, highlighting a 21.9% year-over-year increase in revenue from operations and a 27.3% rise in consolidated profit after tax (PAT). The EBITDA margin improved to 14.8% in Q3 FY26, up from 14.2% in Q3 FY25. The SPUK division achieved a positive EBITDA of Rs. 18.7 million during 9M FY26, recovering from a loss in the previous year. The presentation outlined growth strategies, including expanding geographical footprints and enhancing capacity utilization. SPAL emphasized its commitment to sustainability, aiming for carbon neutrality by 2033 and focusing on ethical manufacturing practices. The company also highlighted its strong market position in the infant and children's garment sector, supported by a robust operational framework and strategic partnerships.
Management emphasized growth and recovery in financial performance.
Sourced from an exchange-filed presentation, dated 12 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedS.P. Apparels Limited's FY2026 annual report highlights a year of focused execution, strategic progress, and disciplined growth despite global apparel market challenges like shifting sourcing patterns, tariff-related uncertainty, and geopolitical disruptions. The company leveraged its integrated business model, diversified customer base, and expanding manufacturing footprint to navigate volatility. Key strategic initiatives include strengthening operations in Sri Lanka for geographic diversification, improving customer servicing flexibility, and reducing concentration risk. The report also mentions continued investment in renewable energy, with management's stated target of reaching around 4.5 MW of solar capacity by March 2027.
- Strategic focus on execution, customer relationships, and long-term capability building amidst global challenges
- Strengthening Sri Lanka operations as a key pillar for long-term growth and geographic diversification
- Continued investment in renewable energy with management's stated target of 4.5 MW solar capacity by March 2027
Key takeaway: S.P. Apparels Limited is strategically positioning itself to benefit from global apparel industry shifts by strengthening its Sri Lanka operations and investing in renewable energy, despite navigating challenges like tariff-related uncertainties and geopolitical disruptions.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
2 occurrencesEarlier (1-3 years ago)
The company paid a fine of Rs.9,08,600/- to the National Stock Exchange of India Limited on 20th April 2021 for not having a Women Independent Director on its Board from April 01, 2020 to September 01, 2020.
The company paid a fine of Rs.70,800 to BSE Limited and National Stock Exchange of India Limited for late submission of related party transaction disclosures for the half year ended 31st March 2022.
Routine disclosures
Contingent Liability
2 occurrencesEarlier (1-3 years ago)
The company has a contingent liability of Rs. 6.38 million in Employee State Insurance (ESI) demand and interest of Rs. 6.32 million, with Rs. 12.70 million deposited and an appeal filed against the demand before the labour court.
The company has a contingent liability of Rs. 6.40 million from ESI demand, with 25% (Rs. 1.60 million) deposited and an appeal filed with the labour court.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company extended an ECB loan to its Sri Lanka associate company, which is considered a related party transaction.
Earlier (1-3 years ago)
The Holding Company has paid Rs 1523.01 Millions as purchase consideration towards purchase of 6,51,60,606 equity shares of YBAPL. The acquisition related cost of Rs 3.31 Millions incurred by the holding company have been recognised as an expense in the consolidated statement of Profit and Loss.
The company disclosed related party transactions for the half year ended 31st March 2023 on 17th May 2023, which was submitted after the time stipulated under Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.