S. P. Apparels Limited

Textiles · Textiles & Apparels

NSE: SPAL BSE: 540048

₹964.60

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Textiles & Apparels

The largest companies in the same industry by market cap. This company ranks #26 of 271. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Page Industries Limited	40,583	53.7	49.8%	-13.6%	1.65%	91	0	66
K.P.R. Mill Limited	37,712	58.0	15.2%	4.8%	—	67	0	32
Welspun Living Limited	21,477	67.1	6.9%	94.5%	0.04%	58	17	91
Vardhman Textiles Limited	15,475	18.8	7.1%	30.6%	—	57	78	29
Arvind Limited	14,153	54.6	10.3%	81.2%	0.83%	45	17	32
Trident Limited	11,435	29.5	7.9%	-20.7%	—	58	47	9
Indo Count Industries Limited	9,118	53.3	5.3%	70.7%	—	49	21	52
Garware Technical Fibres Limited	7,527	37.2	14.7%	-0.2%	1.17%	76	4	32
S. P. Apparels Limited (this stock)	2,425	25.6	10.7%	33.6%	0.31%	60	62	32

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹2,643 Cr

EV / EBITDA

13.9x

EV / Sales

2.41x

Market cap / Sales

2.21x

Earnings yield

3.90%

Quarterly Financials

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Standalone Consolidated

↓ Negative

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 276 Cr, down 5.0% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 27 Cr, up 33.4% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	275	35	27	₹10.5600
March 31, 2026	252	28	21	₹8.5000
Dec. 31, 2025	264	25	19	₹7.6900
Sept. 30, 2025	308	37	27	₹10.8800
June 30, 2025	290	29	20	₹7.9300
March 31, 2025	278	33	25	₹9.8600
Dec. 31, 2024	234	26	18	₹7.1800
Sept. 30, 2024	256	25	18	₹7.1800
June 30, 2024	214	27	23	₹9.0700
March 31, 2024	255	32	27	₹10.7000
Dec. 31, 2023	224	29	22	₹
Sept. 30, 2023	251	42	33	₹13.1000
June 30, 2023	218	32	22	₹8.6800

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Sep 23	Jun 23	Mar 23
Total income (before exceptional items)	276	253	267	310	291	281	234	257	217	257	256	222	237
Operating revenue	275	252	264	308	290	278	234	256	214	255	251	218	235
Other income	1	1	3	2	1	3	1	1	2	2	5	4	2
Operating expenses	228	208	224	254	245	232	195	216	177	215	202	177	192
Operating profit	47	43	40	54	45	46	39	40	37	40	50	41	43
Operating profit margin	17.0%	17.1%	15.1%	17.4%	15.4%	16.5%	16.6%	15.6%	17.2%	15.8%	19.7%	18.8%	18.2%
Depreciation	11	11	11	10	10	9	9	9	9	9	9	9	8
Interest	2	6	6	8	7	6	4	7	3	1	3	5	6
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	35	28	25	37	29	33	26	25	27	32	42	32	30
Tax	8	6	6	10	9	9	8	7	4	5	10	10	7
Net profit	27	21	19	27	20	25	18	18	23	27	33	22	23
EPS	10.56	8.50	7.69	10.88	7.93	9.86	7.18	7.18	9.07	10.70	13.10	8.68	9.28
Net profit (TTM)	94	88	91	90	81	84	86	100	104	105	94	87	92
EPS (TTM)	37.63	35.00	36.36	35.85	32.15	33.29	34.13	40.05	41.55	41.76	37.43	34.29	36.01

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	1,113	120	88
March 31, 2025	982	112	84
March 31, 2024	948	136	104
March 31, 2023	940	122	92

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	5.1%	14.2%	1,120^†	989^†	—	965^†	764^†	577^†	782^†	782^†	—	644^†
Operating revenue	5.8%	14.1%	1,113	982	948	940	754^†	576^†	758^†	778^†	628^†	623^†
Other income	—	—	7^†	7^†	—	26^†	9^†	1^†	24^†	3^†	—	21^†
Operating expenses	—	—	932^†	820^†	—	791^†	602^†	475^†	677^†	640^†	524^†	504^†
Operating profit	6.8%	12.5%	181^†	161^†	—	149^†	152^†	100^†	81^†	138^†	104^†	118^†
Operating profit margin	—	—	16.3%^†	16.4%^†	—	15.8%^†	20.2%^†	17.5%^†	10.7%^†	17.8%^†	16.5%^†	19.0%^†
Depreciation	—	—	41^†	37^†	—	34^†	34^†	34^†	32^†	23^†	24^†	22^†
Interest	—	—	27^†	20^†	—	18^†	11^†	14^†	22^†	14^†	29^†	13^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	—	0^†	0^†	0^†	-10^†	0^†	0^†	0^†
Profit before tax	-0.7%	17.3%	120	112	136	122	117^†	54^†	41^†	105^†	68^†	90^†
Tax	—	—	32^†	28^†	—	30^†	29^†	—	-3^†	35^†	26^†	33^†
Net profit	-1.5%	17.8%	88	84	104	92	—	39^†	44^†	70^†	42^†	57^†
EPS	-0.9%	18.4%	35.00^†	33.29^†	—	36.01^†	34.03^†	15.06^†	17.14^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	16.3%^†	16.4%^†	—	15.8%^†	20.2%^†	17.5%^†	10.7%^†	17.8%^†	16.5%^†	19.0%^†
EBIT margin	13.2%^†	13.4%^†	—	15.0%^†	16.9%^†	11.8%^†	8.4%^†	15.2%^†	15.3%^†	16.6%^†
PBT margin	10.7%	11.4%	14.3%	13.0%	15.5%^†	9.4%^†	5.4%^†	13.5%^†	10.8%^†	14.4%^†
Net margin	7.9%	8.5%	10.9%	9.8%	—	6.7%^†	5.8%^†	9.0%^†	6.7%^†	9.1%^†
Interest coverage	5.36x^†	6.59x^†	—	7.62x^†	11.71x^†	4.92x^†	2.82x^†	8.53x^†	3.36x^†	7.70x^†
Dividend payout	5.7%^†	0.0%^†	—	0.0%^†	6.6%^†	0.0%^†	0.0%^†	—	—	—
Earnings retention	94.3%^†	100.0%^†	—	100.0%^†	93.4%^†	100.0%^†	100.0%^†	—	—	—
Current ratio	1.42x	1.47x	—	—	—	—	—	—	—	—
Quick ratio	0.70x	0.56x	—	—	—	—	—	—	—	—
Debt to equity	0.29x	0.30x	—	—	—	—	—	—	—	—
Return on equity	9.4%	9.7%	—	—	—	—	—	—	—	—
Return on assets	6.4%	6.6%	—	—	—	—	—	—	—	—
Return on capital employed	14.1%^†	13.9%^†	—	—	—	—	—	—	—	—
Asset turnover	0.81x	0.77x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	169	-147	2	95	74
March 31, 2025	43	-183	110	77	-33
March 31, 2024	98	-4	-81	52	45
March 31, 2023	227	-156	-73	47	180
March 31, 2022	46	-34	17	38	7

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	1,375	939	914	229	42	473	333	53	530	239
March 31, 2025	1,269	860	835	206	51	467	319	30	436	289
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.