S.P. Apparels Ltd
S.P. Apparels Ltd (SPAL) last reported results for the quarter ended Jun 2026, with sales of ₹401 crore and net profit of ₹25 crore. S.P. Apparels Ltd’s board meets on 10 Dec 2026. The stock last traded at ₹948, a market capitalisation of ₹2,383 crore, on a P/E of 22.7. Over the past 52 weeks the stock has ranged between ₹585 and ₹1,222. Figures are as of 6 Oct 2026 and are not real time.
S.P. Apparels Ltd share price and key metrics
- Current price
- ₹948
- Market cap
- ₹2,383 cr
- Stock P/E
- 22.7
- Book value
- ₹376
- ROE
- 11.2%
- ROCE
- 14.0%
- Dividend yield
- 0.32%
- 52w high / low
- 1222/585
Metrics as of 6 Oct 2026. Not real time.
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S.P. Apparels Ltd growth and returns
- 10 Years
- 11%
- 5 Years
- 19%
- 3 Years
- 13%
- TTM
- 1%
- 10 Years
- 14%
- 5 Years
- 18%
- 3 Years
- 7%
- TTM
- 7%
- 10 Years
- 11%
- 5 Years
- 22%
- 3 Years
- 22%
- 1 Year
- 33%
- 10 Years
- 12%
- 5 Years
- 12%
- 3 Years
- 11%
- Last Year
- 11%
S.P. Apparels Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹401 cr, down 0.5% from ₹403 cr a year earlier. Net profit was ₹25 cr, up 19.0% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 391 | 359 | 399 | 403 | 427 | 383 | 365 | 401 |
| Expenses | 342 | 308 | 345 | 351 | 365 | 329 | 321 | 341 |
| Operating profit | 50 | 51 | 54 | 53 | 62 | 54 | 44 | 60 |
| OPM % | 13% | 14% | 14% | 13% | 15% | 14% | 12% | 15% |
| Other income | 2 | 3 | 4 | 2 | 7 | 6 | 4 | 4 |
| Interest | 11 | 8 | 10 | 12 | 10 | 10 | 9 | 15 |
| Depreciation | 11 | 12 | 11 | 11 | 12 | 12 | 12 | 13 |
| Profit before tax | 30 | 34 | 37 | 31 | 47 | 37 | 26 | 36 |
| Tax % | 28% | 29% | 19% | 32% | 26% | 27% | 30% | 31% |
| Net profit | 22 | 24 | 30 | 21 | 35 | 27 | 19 | 25 |
| EPS (₹) | 8.75 | 9.64 | 12.12 | 8.53 | 13.83 | 10.74 | 7.35 | 9.91 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
S.P. Apparels Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 632 | 662 | 825 | 808 | 652 | 859 | 1,081 | 1,087 | 1,395 | 1,578 | 1,576 |
| Operating profit | 104 | 106 | 134 | 84 | 105 | 152 | 146 | 158 | 188 | 212 | 220 |
| OPM % | 16% | 16% | 16% | 10% | 16% | 18% | 14% | 15% | 13% | 13% | 14% |
| Net profit | 54 | 48 | 73 | 47 | 43 | 85 | 83 | 90 | 95 | 101 | 105 |
| EPS (₹) | 21.30 | 19.00 | 28.56 | 18.26 | 16.80 | 32.96 | 32.88 | 35.72 | 37.90 | 40.16 | 41.83 |
TTM is the trailing twelve months to the most recent quarter.
S.P. Apparels Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 25 | 25 | 26 | 26 | 26 | 26 | 25 | 25 | 25 | 25 |
| Reserves | 332 | 372 | 458 | 498 | 533 | 612 | 649 | 739 | 831 | 921 |
| Borrowings | 185 | 223 | 211 | 226 | 194 | 231 | 245 | 203 | 381 | 419 |
| Other liabilities | 134 | 189 | 192 | 143 | 160 | 193 | 179 | 175 | 219 | 226 |
| Total liabilities | 677 | 810 | 887 | 892 | 912 | 1,062 | 1,097 | 1,142 | 1,456 | 1,591 |
| Fixed assets | 299 | 307 | 317 | 444 | 444 | 450 | 459 | 454 | 595 | 686 |
| CWIP | 0 | 6 | 54 | 0 | 10 | 8 | 10 | 19 | 31 | 4 |
| Investments | 58 | 31 | 0 | 0 | 0 | 3 | 113 | 51 | 10 | 58 |
| Other assets | 319 | 465 | 515 | 448 | 458 | 602 | 515 | 618 | 821 | 843 |
| Total assets | 677 | 810 | 887 | 892 | 912 | 1,062 | 1,097 | 1,142 | 1,456 | 1,591 |
As reported by the company. Total assets equal total liabilities by construction.
S.P. Apparels Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 26 | -1 | 82 | 83 | 80 | 27 | 216 | 79 | 44 | 209 |
| Cash from investing | -116 | -15 | -60 | -39 | -21 | -29 | -160 | 6 | -170 | -189 |
| Cash from financing | 92 | 19 | -17 | -45 | -42 | 24 | -48 | -67 | 82 | -1 |
| Net cash flow | 2 | 3 | 5 | -1 | 17 | 21 | 8 | 19 | -44 | 18 |
| Free cash flow | -11 | -40 | -3 | 32 | 36 | -6 | 164 | 25 | -37 | 103 |
| CFO / operating profit | 43% | 20% | 72% | 114% | 90% | 34% | 167% | 71% | 42% | 117% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
S.P. Apparels Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 23% | 17% | 18% | 11% | 10% | 16% | 15% | 13% | 14% | 14% |
| Debtor days | 78 | 91 | 57 | 42 | 65 | 49 | 35 | 55 | 66 | 59 |
| Inventory days | 147 | 268 | 277 | 233 | 327 | 342 | 223 | 214 | 234 | 167 |
| Days payable | 101 | 145 | 122 | 86 | 123 | 116 | 74 | 80 | 83 | 69 |
| Cash conversion cycle | 123 | 215 | 212 | 189 | 269 | 275 | 184 | 190 | 216 | 156 |
| Working capital days | 20 | 39 | 42 | 46 | 74 | 80 | 26 | 53 | 51 | 24 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
S.P. Apparels Ltd shareholding pattern
Promoters held 61.81% at Jun 2026, broadly unchanged since Jun 2025. FIIs 1.49% and DIIs 16.15%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 61.93% | 61.93% | 61.93% | 61.93% | 61.93% | 61.93% | 61.81% | 61.81% |
| FIIs | 1.64% | 1.83% | 1.81% | 1.83% | 1.49% | 1.83% | 1.48% | 1.49% |
| DIIs | 19.56% | 19.84% | 19.68% | 19.92% | 19.79% | 18.72% | 16.57% | 16.15% |
| Public | 16.88% | 16.40% | 16.59% | 16.32% | 16.80% | 17.52% | 20.13% | 20.55% |
| No. of shareholders | 16,105 | 16,823 | 16,811 | 16,858 | 17,095 | 15,743 | 17,082 | 17,353 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
When does S.P. Apparels Ltd’s board next meet?
S.P. Apparels Ltd’s board meets on 10 Dec 2026.
- Board meetingSub-division of equity shares
See the full results calendar for every Indian company reporting in the next 30 days.
S.P. Apparels Ltd corporate filings
- S.P. Apparels to sub-divide equity shares from Rs. 10 to Rs. 2 per share, record date set for December 10, 2026Company Updatemedium impact
Cruxal's analysis: S.P. Apparels Limited announced that its Board has approved the sub-division of its face…
Read the full analysis - We hereby disclose the intimation on the closure of trading window period for the quarter ended September 30, 2026.Insider Trading / SASTlow impact
- S.P. Apparels shareholders approve stock split from INR 10 to INR 2 face valueAGM/EGMmedium impact
Cruxal's analysis: S.P. Apparels Limited has successfully concluded its 21st Annual General Meeting held on…
Read the full analysis - S.P. Apparels Ltd discloses revised Annual Report for FY 2025-26Company Updatelow impact
Cruxal's analysis: S.P. Apparels Ltd has released a revised version of its Annual Report for the financial…
Read the full analysis - S.P. Apparels Ltd. Announces Share Split from INR 10 to INR 2 Face Value at 21st AGMAGM/EGMmedium impact
Cruxal's analysis: S.P. Apparels Ltd. has formally moved forward with a stock split, seeking approval to…
Read the full analysis - S.P. Apparels Limited Announces 21st Annual General Meeting (AGM) and E-Voting ScheduleCompany Updatelow impact
Cruxal's analysis: S.P. Apparels Limited has issued a formal notice regarding its 21st Annual General…
Read the full analysis - S.P. Apparels Ltd discloses insider trading regulation filing by Managing DirectorCompany Updatelow impact
Cruxal's analysis: The company has filed a disclosure under Regulation 7(2) of the SEBI (Prohibition of…
Read the full analysis - S.P. Apparels Limited Announces 5-for-1 Stock Split to Enhance LiquidityAGM/EGMmedium impact
Cruxal's analysis: S.P. Apparels Limited has announced a sub-division of its equity shares, splitting each…
Read the full analysis - S.P. Apparels Ltd issues notice to shareholders regarding Annual Report accessCompany Updatelow impact
Cruxal's analysis: S.P. Apparels Ltd has issued a formal communication to shareholders who have not…
Read the full analysis - S.P. Apparels Ltd discloses Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: S.P. Apparels Ltd has filed its Annual Report for the financial year 2025-26 as per…
Read the full analysis - S.P. Apparels Limited schedules 21st Annual General Meeting for September 21, 2026Company Updatelow impact
Cruxal's analysis: S.P. Apparels Limited has issued a formal notice to shareholders regarding its 21st…
Read the full analysis - S.P. Apparels Q1 FY27 Earnings Call: Management Reaffirms INR 2,000 Crore Revenue Guidance Amidst Strategic Stock Split and Dividend AnnouncementCompany Updatehigh impact
Cruxal's analysis: S.P. Apparels Limited reported a stable Q1 FY27 consolidated revenue of INR 401 crore…
Read the full analysis - S.P. Apparels Ltd discloses audio recording of investor conference call held on 13.08.2026Company Updatelow impact
Cruxal's analysis: S.P. Apparels Ltd has released the audio recording of the investor conference call…
Read the full analysis - S.P. Apparels Q1 FY27 Results: Strong QoQ Growth, Dividend Declaration, and Proposed Stock SplitCompany Updatehigh impact
Cruxal's analysis: S.P. Apparels Limited reported a strong Q1 FY27 performance with consolidated revenue…
Read the full analysis - S.P. Apparels Ltd. reports consolidated unaudited financial results for the quarter ended June 30, 2026Company Updatelow impact
Cruxal's analysis: S.P. Apparels Ltd. has published its consolidated unaudited financial results for the…
Read the full analysis - S.P. Apparels Ltd discloses alteration to Memorandum of Association regarding capital clauseCompany Updatelow impact
Cruxal's analysis: S.P. Apparels Ltd has formally disclosed an alteration to the capital clause of its…
Read the full analysis - S.P. Apparels Reports Q1 FY27 Results, Declares Final Dividend, and Announces 1:5 Stock SplitBoard Meetinghigh impact
Cruxal's analysis: S.P. Apparels Limited reported Q1 FY27 consolidated revenue of 401.08 crore, reflecting a…
Read the full analysis - S.P. Apparels schedules conference call for June 30, 2026 quarterly financial resultsCompany Updatelow impact
Cruxal's analysis: S.P. Apparels Limited has announced a conference call to discuss the financial…
Read the full analysis - S.P. Apparels Ltd. announces board meeting to consider stock split, dividend, and ESOP modificationBoard Meetinghigh impact
Cruxal's analysis: S.P. Apparels Ltd. has scheduled a board meeting for August 11, 2026, to review its June…
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