S.P. Apparels Ltd
- P/E
- 20x
- 52-week range
- 600 – 1,221.9
- ROE
- 11%
- ROCE
- 14%
- Sector
- Textiles & Apparels
- Industry
- Garments & Apparels
- Listed on
- NSE, BSE
About
S.P.Apparels Limited is an India-based manufacturer and exporter of knitted garments for infants and children. The Company provides end-to-end garment manufacturing services from gray fabric to finished products, which include body suits, sleepsuits, tops, and bottoms. The Company’s subsidiaries include Crocodile Products Private Limited, S.P. Apparels (UK) (P) Limited and S.P.Retail Ventures Limited. Crocodile Products Private Limited is engaged in the business of, inter alia, establishing and managing units to manufacture, trade, deal, import and export garments, and marketing menswear products under the trademark of Crocodile in India. S.P. Apparels (UK) (P) Limited is engaged in trading activities with new customers in the United Kingdom, Ireland, and other European countries. It also provides after-sales service to its customers for any technical and other grievances.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Garments & Apparels: 62 companies →S.P. Apparels Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)20 against a typical 18.7: pricier than most peers (1st = cheapest).33rd of 62
- Sales growth−0.5% against a typical +8.8% from a year earlier.31st of 46
- Profit growth+19% against a typical +4.1% from a year earlier.14th of 41
- Share price, 3 months−16.8% against a typical −5.7%.41st of 56
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA- | Stable | 16 Oct 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 16 Oct 2026 | Reaffirmed | [ICRA]AA- | — | ICRA | ₹ 431 Cr. | |
| 3 Sep 2025 | Reaffirmed | [ICRA]AA- | — | ICRA | ₹ 396 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 11 Aug 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026, dividend and other business matters |
| 20 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 11 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 14 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 14 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 6 Aug 2025 | Dividend | We wish to to inform you that a meeting of the Board of Directors of the Company will be held on Wednesday, August 6, 2025, inter-alia to consider and recommendation of final dividend, if any for the financial year 2024-25. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 292 | 252 | 295 | 245 | 391 | 359 | 399 | 403 | 427 | 383 | 365 | 401 |
| Expenses | 246 | 218 | 254 | 212 | 342 | 308 | 345 | 351 | 365 | 329 | 321 | 341 |
| Operating Profit | 47 | 34 | 41 | 33 | 50 | 51 | 54 | 53 | 62 | 54 | 44 | 60 |
| OPM % | 16% | 14% | 14% | 13% | 13% | 14% | 14% | 13% | 15% | 14% | 12% | 15% |
| Other Income | 6 | 5 | 2 | 3 | 2 | 3 | 4 | 2 | 7 | 6 | 4 | 4 |
| Interest | 4 | 5 | 3 | 5 | 11 | 8 | 10 | 12 | 10 | 10 | 9 | 15 |
| Depreciation | 10 | 9 | 9 | 10 | 11 | 12 | 11 | 11 | 12 | 12 | 12 | 13 |
| Profit before tax | 38 | 24 | 30 | 21 | 30 | 34 | 37 | 31 | 47 | 37 | 26 | 36 |
| Tax % | 26% | 28% | 5% | 12% | 28% | 29% | 19% | 32% | 26% | 27% | 30% | 31% |
| Net Profit | 29 | 18 | 28 | 18 | 22 | 24 | 30 | 21 | 35 | 27 | 19 | 25 |
| EPS in Rs | 11.38 | 7.03 | 11.35 | 7.2 | 8.75 | 9.64 | 12.12 | 8.53 | 13.83 | 10.74 | 7.35 | 9.91 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 11%
- 5 Years
- 19%
- 3 Years
- 13%
- TTM
- 1%
- 10 Years
- 14%
- 5 Years
- 18%
- 3 Years
- 7%
- TTM
- 7%
- 10 Years
- 12%
- 5 Years
- 24%
- 3 Years
- 21%
- TTM
- —
- 10 Years
- 12%
- 5 Years
- 12%
- 3 Years
- 11%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| S.P. Apparels Ltd | ₹ 839.75 | — | 20x | — | 11% | — |
| Page Industries | ₹ 33,774.65 | ₹ 37,672 Cr. | 49.8x | 26.3x | 0% | 0% |
| Vardhman Textiles | ₹ 495.00 | ₹ 14,319 Cr. | 22.4x | 1.5x | 0% | 0% |
| Indo Count Industries | ₹ 390.35 | ₹ 7,721 Cr. | 68.4x | 3.7x | 0% | 0% |
| Raymond | ₹ 1,064.00 | ₹ 7,083 Cr. | 42.9x | 2.4x | 0% | 0% |
| Gokaldas Exports | ₹ 673.70 | ₹ 4,937 Cr. | 59.9x | 2.7x | 0% | 0% |
Management
- Perumal Sundararajan Mudaliar
- Chairman of the Board, Managing Director
- V. Balaji
- Chief Financial Officer
- P.V. Jeeva
- Chief Executive Officer - Garments Division
- K. Vinodhini
- Compliance Officer, Company Secretary
- Sundararajan Chenduran
- Joint Managing Director, Executive Director
- Sundararajan Shantha
- Joint Managing Director, Executive Director
- Sundararajan Latha
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.