S.P. Apparels Limited

BSE: SPAL540048ISIN INE212I01016

Consumer Discretionary
Garments & Apparels
BSE Consumer Discretionary

Share price

₹877.00+27.65 (+3.26%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹1,220.10
52W low: ₹585.00
Off 52W high: -28.12%
1M return: -6.44%
3M return: -16.68%
6M return: +7.24%
1Y return: +23.36%
20D avg volume: 3,904
50 DMA: ₹949.21
200 DMA: ₹861.85

Key ratios Consolidated

Market cap: ₹2,205 Cr
Current price: ₹877.00
52W high / low: ₹1,220.10 / ₹585.00
Face value: ₹10.00
P/E: 20.96
P/B: 2.33
EPS (TTM): ₹41.83
Book value / share: ₹376.36
ROE: —
ROCE: 18.10%
Operating margin: —
Net margin: —
Debt / equity: 0.43
Net debt: ₹346.49 Cr
Interest cover: 4.62
Dividend yield: 0.34%
Dividend / share (TTM): ₹3.00
Payout: 7.17%
Cash conversion cycle: 100.6 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	401.08	364.91	382.95	427.34	403.44	399.21	359.32	391.30	245.31	295.13	252.14	292.46
	3.55	3.80	5.89	6.80	1.63	4.22	2.87	2.39	2.71	1.64	4.88	5.63
	404.63	368.71	388.83	434.14	405.07	403.43	362.18	393.68	248.03	296.77	257.01	298.10
	367.81	341.21	348.85	385.76	373.58	365.97	327.39	363.32	227.43	266.94	232.51	259.68
	134.08	97.71	109.27	150.15	153.27	116.84	141.65	148.14	78.58	79.06	87.89	84.77
	41.28	50.91	26.02	38.89	22.30	21.96	30.64	33.01	14.51	24.70	21.99	29.13
	98.50	89.18	99.93	106.37	103.28	93.39	92.37	91.61	68.84	67.89	65.40	65.93
	14.86	8.60	10.02	10.32	11.78	9.69	7.79	10.70	5.31	3.12	5.48	4.20
	13.24	12.34	12.48	11.74	11.29	11.32	11.17	11.00	9.80	9.49	9.37	9.53
	71.15	65.72	67.33	76.60	74.77	76.68	67.94	79.03	58.55	52.97	49.46	60.66
	36.82	27.50	39.99	48.38	31.48	37.46	34.79	30.37	20.60	29.83	24.50	38.41
	-0.97	0.00	-3.00	0.00	-0.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	35.85	27.50	36.99	48.38	30.77	37.46	34.79	30.37	20.60	29.83	24.50	38.41
	10.97	7.84	9.99	12.10	10.12	7.07	10.04	8.45	2.56	1.37	6.89	9.83
	24.87	18.59	27.00	34.70	20.66	30.39	24.75	21.92	18.05	28.46	17.61	28.58
	9.89	7.40	10.76	13.83	8.23	12.11	9.86	8.73	7.19	11.34	7.02	11.39
Key metrics
	63.95	48.44	59.49	70.44	53.84	58.47	53.75	52.07	35.71	42.44	39.35	52.14
	15.90%	13.30%	15.50%	16.50%	13.30%	14.60%	15.00%	13.30%	14.60%	14.40%	15.60%	17.80%
	6.20%	5.10%	7.10%	8.10%	5.10%	7.60%	6.90%	5.60%	7.40%	9.60%	7.00%	9.80%
	—	3.50%	—	5.90%	—	5.00%	—	—	—	—	—	—
	-0.60%	-8.60%	6.60%	9.20%	64.50%	35.30%	42.50%	33.80%	—	—	—	—
	20.40%	-38.80%	9.10%	58.30%	14.50%	6.80%	40.50%	-23.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,576	1,579	1,395	1,087	1,078	859.43
	20.04	18.12	12.19	16.32	23.01	9.49
	1,596	1,597	1,407	1,104	1,101	868.92
	1,444	1,449	1,284	986.03	990.02	754.13
	491.21	510.41	485.21	322.79	356.81	298.45
	157.10	138.12	100.12	98.04	131.46	144.85
	393.98	398.75	346.21	260.78	238.67	190.30
	43.80	40.72	33.48	18.70	18.62	11.85
	49.80	47.86	43.30	37.75	36.15	34.63
	280.80	284.42	282.21	217.54	210.81	163.21
	152.69	147.35	123.22	117.64	110.87	114.79
	-3.97	0.00	0.00	0.00	-0.11	0.00
	148.72	147.35	123.22	117.64	110.77	114.79
	40.90	40.05	28.12	28.02	28.25	30.10
	105.16	100.94	95.10	89.62	82.51	84.69
	41.88	40.22	37.90	35.72	32.37	32.96
Key metrics
	242.32	235.93	200.00	174.09	165.54	161.27
	15.37%	14.90%	14.30%	16.00%	15.40%	18.80%
	6.67%	6.40%	6.80%	8.20%	7.70%	9.90%
	—	18.10%	16.50%	—	—	—
	1.48%	13.20%	28.30%	0.90%	25.40%	—
	7.61%	6.10%	6.10%	8.60%	-2.60%	—
	—	101.14	-37.82	—	—	—
	—	2.07	0.47	—	—	—
	—	0.43	0.45	—	—	—
	—	346.49	345.55	—	—	—
	—	100.6	128.0	—	—	—
Balance sheet
	—	1,591	1,456	—	—	—
	—	728.40	741.27	—	—	—
	—	53.73	35.27	—	—	—
	—	253.14	250.75	—	—	—
	—	310.33	370.72	—	—	—
	—	88.16	—	—	—	—
	—	649.55	557.71	—	—	—
	—	128.50	132.17	—	—	—
	—	550.96	508.96	—	—	—
	—	400.22	380.82	—	—	—
	—	350.93	316.21	—	—	—
	—	49.29	64.61	—	—	—
	—	939.62	849.95	—	—	—
Cash flow
	—	208.69	44.42	—	—	—
	—	-188.75	-176.73	—	—	—
	—	-1.49	82.50	—	—	—
	—	107.55	82.24	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	275.12	251.53	264.42	307.81	289.68	277.98	233.56	256.04	214.05	255.12	223.81	251.46
	1.26	1.00	2.73	1.75	1.29	2.86	0.85	1.19	2.49	1.92	4.84	4.71
	276.38	252.53	267.15	309.56	290.98	280.84	234.41	257.23	216.53	257.04	228.66	256.16
	241.37	224.83	241.67	272.20	261.88	247.57	208.17	232.14	189.38	224.72	199.50	213.66
	89.48	64.98	69.11	100.11	103.31	77.37	95.48	99.28	76.87	79.06	87.89	84.77
	9.37	9.37	3.27	12.51	4.69	3.57	1.15	0.53	0.56	0.33	0.32	0.66
	72.54	68.97	77.51	83.80	80.35	71.67	70.33	70.12	63.15	63.67	60.64	61.15
	2.42	5.71	6.41	8.08	7.21	6.10	3.95	6.82	3.11	1.21	4.22	3.01
	10.60	10.72	10.89	9.93	9.53	9.34	9.47	9.32	8.99	8.77	8.80	8.81
	59.36	50.54	52.64	63.87	63.38	60.93	53.22	60.39	51.47	47.27	43.61	53.62
	35.01	27.70	25.48	37.36	29.10	33.27	26.24	25.09	27.15	32.32	29.16	42.50
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	35.01	27.70	25.48	37.36	29.10	33.27	26.24	25.09	27.15	32.32	29.16	42.50
	8.48	6.35	6.17	10.07	9.21	8.53	8.23	7.06	4.40	5.48	6.89	9.64
	26.54	21.35	19.30	27.29	19.89	24.74	18.01	18.03	22.75	26.84	22.27	32.86
	10.56	8.50	7.69	10.88	7.93	9.86	7.18	7.18	9.07	10.70	8.87	13.10
Key metrics
	48.03	44.13	42.78	55.37	45.84	48.71	39.66	41.23	39.25	42.30	42.18	54.32
	17.50%	17.50%	16.20%	18.00%	15.80%	17.50%	17.00%	16.10%	18.30%	16.60%	18.80%	21.60%
	9.60%	8.50%	7.30%	8.90%	6.90%	8.90%	7.70%	7.00%	10.60%	10.50%	10.00%	13.10%
	—	3.20%	—	4.50%	—	4.10%	—	—	—	—	—	—
	-5.00%	-9.50%	13.20%	20.20%	35.30%	9.00%	4.40%	1.80%	—	—	—	—
	33.40%	-13.70%	7.20%	51.40%	-12.60%	-7.80%	-19.10%	-45.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,099	1,113	981.62	948.32	939.52	735.09
	6.74	6.77	7.38	15.66	22.80	9.37
	1,106	1,120	989.01	963.98	962.32	744.46
	980.07	1,001	877.26	828.29	840.04	623.68
	323.68	337.51	349.01	322.79	356.81	298.45
	34.52	29.84	5.80	0.97	1.74	5.90
	302.82	310.63	275.26	242.09	223.66	180.62
	22.62	27.42	19.98	13.11	15.62	10.60
	42.14	41.07	37.12	35.06	33.75	32.41
	226.41	230.42	226.01	193.50	187.22	149.83
	125.55	119.64	111.75	135.69	122.28	120.78
	0.00	0.00	0.00	—	—	—
	125.55	119.64	111.75	135.69	122.28	120.78
	31.07	31.79	28.21	31.93	30.46	29.35
	94.48	87.84	83.53	103.76	91.81	83.20
	37.63	35.00	33.29	41.35	36.02	35.59
Key metrics
	190.31	188.13	168.85	183.86	171.65	163.79
	17.32%	16.90%	17.20%	19.40%	18.30%	22.30%
	8.60%	7.90%	8.50%	10.90%	9.80%	11.30%
	—	14.10%	13.90%	—	—	—
	3.94%	13.40%	3.50%	0.90%	27.80%	—
	17.12%	5.20%	-19.50%	13.00%	10.30%	—
	—	74.13	-33.23	—	—	—
	—	1.93	0.52	—	—	—
	—	0.29	0.30	—	—	—
	—	218.13	227.32	—	—	—
	—	95.6	120.4	—	—	—
Balance sheet
	—	1,375	1,269	—	—	—
	—	472.99	467.46	—	—	—
	—	52.87	29.70	—	—	—
	—	113.05	104.03	—	—	—
	—	239.32	288.84	—	—	—
	—	52.92	—	—	—	—
	—	530.15	435.70	—	—	—
	—	61.08	69.10	—	—	—
	—	332.87	318.56	—	—	—
	—	271.00	257.02	—	—	—
	—	229.38	205.89	—	—	—
	—	41.62	51.13	—	—	—
	—	939.44	859.75	—	—	—
Cash flow
	—	169.11	43.31	—	—	—
	—	-147.46	-183.27	—	—	—
	—	1.51	109.98	—	—	—
	—	94.98	76.54	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +5.82%
Sales CAGR 5Y: —
Profit CAGR 3Y: -1.46%
Profit CAGR 5Y: —
Sales YoY (TTM): +3.94%
Profit YoY (TTM): +17.12%

Consolidated

Sales CAGR 3Y: +13.56%
Sales CAGR 5Y: —
Profit CAGR 3Y: +6.95%
Profit CAGR 5Y: —
Sales YoY (TTM): +1.48%
Profit YoY (TTM): +7.61%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 59.82%

Quarter	September 2026	June 2026
Promoter %	59.82%	61.81%

Holder	Type	Holding	Previous	Change
Perumal Sundararajan	Promoter	47.89%	49.88%	-1.99%
Sundararajan Latha	Promoter	11.78%	11.78%	0.00%
Dsp Small Cap Fund	Public	7.68%	7.68%	0.00%
Quant Mutual Fund - Quant Small Cap Fund	Public	3.20%	3.20%	0.00%
Mahindra Manulife Manufacturing Fund	Public	1.39%	1.40%	-0.01%
EURO ASIA AGENCIES LIMITED	Public	1.37%	1.37%	0.00%
Uti Aggressive Hybrid Fund	Public	1.33%	1.99%	-0.66%
Sundararajan Chenduran	Promoter Group	0.11%	0.11%	0.00%
Shantha Senthil	Promoter Group	0.04%	0.04%	0.00%
Agilamani	Promoter Group	0.00%	0.00%	0.00%
S.P Retail Brands Limited	Promoter Group	0.00%	0.00%	0.00%
Ashokraman	Promoter Group	0.00%	0.00%	0.00%
Veluswamy	Promoter Group	0.00%	0.00%	0.00%
Poornam Enterprises Private Limited	Promoter Group	0.00%	0.00%	0.00%
Ramaswami	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Page Industries Ltd. S	39,674	35,570.10	52.49	61.50%	+7.57% TTM	-1.16% TTM	-11.25%
Arvind Ltd.	13,595	499.75	28.63	15.20%	+19.08% TTM	+12.45% TTM	+57.45%
Pearl Global Industries Limited	12,218	1,321.05	40.18	22.30%	+13.75% TTM	+29.56% TTM	+102.86%
Gokaldas Exports Ltd	5,356	730.90	52.02	9.40%	+7.65% TTM	-40.43% TTM	-15.28%
LUX Industries Limited	3,525	1,172.05	33.32	9.40%	+4.35% TTM	-15.10% TTM	-6.36%
SBC EXPORTS LIMITED	3,195	67.10	79.10	37.50%	+63.27% TTM	+80.12% TTM	+177.27%
Kitex Garmenets Ltd.	2,690	134.85	-90.56	2.00%	-20.74% TTM	-134.77% TTM	-34.30%
Kewal Kiran Clothing Ltd.	2,654	430.65	15.85	17.80%	+12.89% TTM	+23.48% TTM	-16.81%
S.P. Apparels Limited	2,205	877.00	20.96	18.10%	+1.48% TTM	+7.61% TTM	+23.36%
CANTABIL RETAIL INDIA LIMITED S	2,137	255.50	21.93	17.50%	+16.08% TTM	+24.66% TTM	+3.55%
Dollar Industries Limited	1,453	256.15	13.02	16.50%	+6.24% TTM	+13.81% TTM	-27.69%
Monte Carlo Fashions Limited	1,019	491.65	11.35	16.90%	+13.85% TTM	+3.85% TTM	-32.14%
RUPA & COMPANY LIMITED	988	124.25	12.70	10.70%	+3.39% TTM	+4.60% TTM	-35.54%
BRAHM VIRAT INDUSTRIES CORPORATION LIMITED S	628	432.20	101.46	5.10%	-19.25% TTM	+296.15% TTM	-32.48%
Bizotic Commercial Limited S	480	83.00	18.82	20.00%	—	—	-27.07%
THOMAS SCOTT (INDIA) LIMITED S	420	286.35	20.12	21.30%	+42.24% TTM	+57.13% TTM	-31.71%
MEENAKSHI INDIA LIMITED S	418	185.95	—	—	—	—	—
Vishal Fabrics Limited	415	16.78	11.97	11.70%	—	—	-38.98%
Bella Casa Fashion & Retail Limited S	297	222.00	16.54	16.60%	+22.44% TTM	+4.72% TTM	-51.12%
SARASWATI SAREE DEPOT LIMITED S	257	64.98	10.88	16.40%	+0.95% TTM	-23.26% TTM	-23.01%
Zodiac Clothing Co. Ltd.	176	64.00	-5.07	-10.40%	-11.34% TTM	+5.66% TTM	-34.77%
VIP Clothing Limited S	171	19.02	18.11	10.20%	+0.34% TTM	+27.52% TTM	-43.61%
LORENZINI APPARELS LIMITED S	161	9.34	29.19	12.90%	+39.74% TTM	+12.55% TTM	-8.07%
Fractal Industries Limited	155	198.00	—	22.40%	—	—	—
Filatex Fashions Ltd	150	0.18	87.51	0.20%	-56.57% TTM	-81.21% TTM	-63.27%

Filings & corporate actions

Recent announcements

We hereby disclose the compliances certificate under Reg. 74(5) of SEBI (DP) Regulation, 2018.13 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We here by disclose the record date for Subdivision or Split of of equity shares as December 10, 20266 Oct 2026 · Corp. Action / Record Date
We hereby disclose the outcome of the Board Meeting held on 06.10.20266 Oct 2026 · Company Update / General
We hereby disclose the intimation on the closure of trading window period for the quarter ended September 30, 2026.28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
We hereby disclose the Scrutinizer''s Report and Voting Results for the 21st AGM of SP Apparels Limited.23 Sep 2026 · AGM/EGM / AGM
We hereby disclose the Revised Annual Report for FY 2025-26.22 Sep 2026 · Company Update / General
We hereby disclose the outcome of 21st Annual General Meeting21 Sep 2026 · AGM/EGM / AGM
We hereby disclose the Newspaper Publication of AGM Notice to be held on 29.08.202629 Aug 2026 · Company Update / Newspaper Publication
We hereby disclose the disclosure received from Mr. Sundararajan, Managing Director of the company under SEBI(Prohibition of Insider Trading)Regulation, 201529 Aug 2026 · Company Update / General
We hereby disclose the Notice of the AGM to be held on 21.09.202628 Aug 2026 · AGM/EGM / AGM
We hereby disclose the letter shared along with the weblink of the Annual Report to the Shareholders, not registered their email ids with the company.28 Aug 2026 · Company Update / General
We hereby disclose the Annual Report for FY 2025-2628 Aug 2026 · Others / Reg. 34 (1) Annual Report
We hereby disclose the Newspaper Publication on the notice of the AGM to be held on 21.09.202628 Aug 2026 · Company Update / Newspaper Publication
We hereby disclose the Transcript of the conference call for the quarter ended June 30, 2026.17 Aug 2026 · Company Update / Earnings Call Transcript
We hereby disclose the audio recording of the investor conference call held on 13.08.202613 Aug 2026 · Company Update / Analyst / Investor Meet
We hereby disclose the Investor Presentation for Q1 FY2712 Aug 2026 · Company Update / Investor Presentation
We hereby disclose the newspaper publication of the financial result for the quarter ended June 30, 202612 Aug 2026 · Company Update / Newspaper Publication
We hereby disclose that the Annual General Meeting will be held on Monday, September 21, 2026.11 Aug 2026 · Company Update / General
We here by disclose the alteration of Memorandum of Association, capital clause.11 Aug 2026 · Company Update / Amendments to Memorandum & Articles of Association
We hereby disclose the split of the existing equity shares of face value of Rs. 10 each into Rs. 2 each.11 Aug 2026 · Corp. Action / Sub-division / Stock Split
We hereby disclose the Book closure date for purpose of records of members of the company in the AGM.11 Aug 2026 · Corp. Action / Book Closure
We hereby disclose the Record Date for purpose of E-voting in AGM.11 Aug 2026 · Corp. Action / Record Date
We hereby disclose the record date for payment of final dividend.11 Aug 2026 · Corp. Action / Record Date
We here by disclose the approval of Payment of Final Dividend11 Aug 2026 · Corp. Action / Dividend
We hereby disclose the approval of standalone and consolidated financials for the quarter ended 30.06.202611 Aug 2026 · Result / Financial Results
We hereby update the approval of Standalone and Consolidated un-audited Financial Results of the Company for the Quarter ended 30.06.2026 and other agenda items.11 Aug 2026 · Board Meeting / Outcome of Board Meeting
S.P. Apparels Limited hereby inform that we have scheduled a conference call to discuss the financial performance of the Company for the Quarter ended June 30, 2026.10 Aug 2026 · Company Update / Analyst / Investor Meet
S.P. Apparels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve the unaudited financial results ....4 Aug 2026 · Board Meeting / Board Meeting
We hereby disclose the termination of Loan Agreement, entered with S.P. Apparels (UK) (P) Limited, a wholly owned subsidiary company.30 Jul 2026 · Company Update / General
We hereby disclose the execution of Loan Agreement with SP Apparels UK (P) Limited, a Wholly Owned Subsidiary of the Company.29 Jul 2026 · Company Update / General
We hereby disclose our clarification on the significant movement in the price of Shares.11 Jul 2026 · Company Update / General
The Exchange has sought clarification from S.P. Apparels Ltd on July 10, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information ....10 Jul 2026 · Company Update / Clarification
We hereby disclose the Corporate Guarantee given to SP APPARELS (UK) P LIMITED, a wholly owned subsidiary of the company.8 Jul 2026 · Company Update / General
We hereby disclose the Certificate Under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the Quarter ended June 30, 2026.6 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We here by submit the intimation for closure of trading window period for the quarter ended June 30, 2026.27 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
We hereby attached the disclosure received from Mrs. P.V Jeeva, Designated Person of the Company Under SEBI (Prohibition of Insider Trading) Regulations, 201519 Jun 2026 · Company Update / General
We hereby disclose the Loan Agreement executed between S.P. APPARELS LIMITED AND S.P APPARELS (UK) (P) LIMITED.11 Jun 2026 · Company Update / General
We hereby attached the disclosure received from Mr. V. Balaji, Chief Financial Officer of the company under SEBI (Prohibition of Insider Trading) Regulation, 2015.9 Jun 2026 · Company Update / General
we hereby submitted the Secretarial Compliance Report for the year ended 31.03.2026.29 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
We hereby attached the transcript of conference call held on May 22, 2026 to discuss the financials results for the quarter and year ended March 31, 2026.26 May 2026 · Company Update / Earnings Call Transcript

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 3.0000	4 Sep 2026	4 Sep 2026	—
Final Dividend - Rs. - 2.0000	25 Aug 2025	25 Aug 2025	—

Board meetings

11 Aug 2026 Board Meeting - Financial Results