Stock Performance and Market Context
The stock’s new low price of Rs.29.95 represents a sharp contrast to its 52-week high of Rs.64.45, highlighting a steep depreciation of over 53% within the last year. This decline is notably more severe than the broader market, with SPL Industries Ltd delivering a negative return of -48.35% over the past 12 months, while the Sensex posted a positive gain of 8.30% during the same period.
On the day SPL Industries hit this low, the Sensex itself was experiencing a downturn, closing at 82,978.26, down 0.71% or 516.23 points from its previous close. Despite the Sensex being only 3.83% below its 52-week high of 86,159.02, SPL Industries’ performance remains distinctly weaker, underscoring company-specific pressures rather than broad market trends.
The stock currently trades below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling a persistent downtrend. This technical positioning suggests that short-term and long-term investor sentiment remains subdued.
Handpicked from 50, scrutinized by experts – Our recent selection, this Mid Cap from Bank - Public, is already delivering results. Don't miss next month's pick!
- - Expert-scrutinized selection
- - Already delivering results
- - Monthly focused approach
Financial Performance and Earnings Trends
SPL Industries Ltd’s financial results have been under strain, with the company reporting negative outcomes for four consecutive quarters. The most recent quarterly figures reveal a sharp contraction in net sales, which fell by 62.09% to Rs.14.97 crores. This steep decline in revenue has been accompanied by a significant deterioration in profitability metrics.
The company’s Profit Before Tax excluding Other Income (PBT less OI) plunged by 703.77% to a loss of Rs.3.20 crores in the latest quarter. Similarly, the net profit after tax (PAT) declined by 105.0%, registering a loss of Rs.0.20 crores. These figures underscore the challenges faced by SPL Industries in maintaining operational profitability.
Over the last five years, the company’s net sales have contracted at an annualised rate of -6.15%, while operating profit has deteriorated by an alarming -185.81%. This long-term negative growth trajectory has contributed to the stock’s current valuation challenges and investor sentiment.
Valuation and Risk Assessment
The stock’s Mojo Score stands at 15.0, with a Mojo Grade of Strong Sell as of 15 Dec 2025, an upgrade from the previous Sell rating. This grading reflects the company’s deteriorating fundamentals and heightened risk profile. The Market Cap Grade is rated at 4, indicating a relatively modest market capitalisation within its sector.
Despite the negative earnings trend, SPL Industries maintains a low average Debt to Equity ratio of zero, suggesting limited financial leverage. However, the stock’s valuation remains risky compared to its historical averages, with profits falling by 68.8% over the past year, further compounding concerns.
Consistent underperformance against the benchmark indices has been a feature of SPL Industries’ recent history. The stock has underperformed the BSE500 index in each of the last three annual periods, reinforcing the challenges faced in regaining investor confidence.
Holding SPL Industries Ltd from Garments & Apparels? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Institutional Participation and Shareholding Trends
Interestingly, institutional investors have marginally increased their stake in SPL Industries Ltd by 1.14% over the previous quarter, collectively holding 1.59% of the company’s shares. This uptick in institutional participation may reflect a strategic interest in the stock despite its recent performance, given the greater analytical resources available to these investors.
While the company’s fundamentals remain under pressure, the presence of institutional investors could provide some stability in shareholding patterns amid the ongoing volatility.
Sector and Industry Context
SPL Industries operates within the Garments & Apparels sector, which has experienced mixed performance in recent times. The sector itself has faced headwinds from changing consumer preferences and competitive pressures. SPL Industries’ underperformance relative to its sector peers further highlights company-specific factors influencing its stock trajectory.
Despite the broader market’s modest fluctuations, SPL Industries’ stock has demonstrated a more pronounced decline, emphasising the need to closely monitor its financial and operational developments.
Summary of Key Metrics
To summarise, SPL Industries Ltd’s stock has reached a 52-week low of Rs.29.95, reflecting a sustained downtrend over recent months. The company’s financial results have shown significant declines in sales and profitability, with negative earnings reported for four consecutive quarters. The stock’s Mojo Grade was downgraded to Strong Sell in December 2025, signalling elevated risk. Institutional investors have slightly increased their holdings, while the company maintains a low debt profile.
These factors collectively illustrate the challenges faced by SPL Industries Ltd in the current market environment.
Unlock special upgrade rates for a limited period. Start Saving Now →
