SP Apparels

Why is SP Apparels Ltd. falling/rising?

As of 02-Jul, SP Apparels Ltd. is facing a stock price decline to 1,105.70, down 1.35%, with a recent trend of decreased investor participation and a significant drop in delivery volume. Despite strong long-term performance, current market sentiment is negative, contributing to the stock's falling price.

As of 02-Jul, SP Apparels Ltd. is experiencing a decline in its stock price, currently at 1,105.70, which reflects a change of -15.1 (-1.35%). The stock has underperformed its sector by -2.52% today and has been on a downward trend for the last two days, with a total decline of -2.92% during this period. Additionally, the stock touched an intraday low of Rs 1,094.9, indicating a significant drop of -2.31%.<BR><BR>Despite its strong performance over the longer term, with a year-to-date increase of 57.90% and a three-year growth of 137.78%, the current situation shows a decrease in investor participation, as evidenced by a 44.54% drop in delivery volume compared to the five-day average. This decline in trading activity may contribute to the stock's falling price.<BR><BR>While SP Apparels Ltd. has a solid financial foundation, including a low Debt to EBITDA ratio and consistent returns over the past three years, the immediate market sentiment appears to be negative, leading to the current price drop.

Which are the latest news on SP Apparels?

What does SP Apparels do?

SP Apparels Ltd. is a leading manufacturer and exporter of knitted garments for infants and children, with a market cap of INR 2,053 Cr. As of March 2026, it reported net sales of 365 Cr and a net profit of 18 Cr.

Overview: <BR>SP Apparels Ltd. is a leading manufacturer and exporter of knitted garments for infants and children, operating within the Garments & Apparels industry and classified as a Small Cap company.<BR><BR>History: <BR>SP Apparels Ltd. was incorporated in an unspecified year and has maintained its status as a prominent player in the children's wear market. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 365 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 18 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 2,053 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 20.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 0.24% <BR>Debt-Equity: 0.37 <BR>Return on Equity: 10.73% <BR>Price to Book: 2.19<BR><BR>Contact Details: <BR>Address: 39-A Extension Street, Kaikattipudur Avinashi Tirupur Tamil Nadu : 641654 <BR>Tel: 91-4296-304000 <BR>Email: csoffice@s-p-apparels.com <BR>Website: http://www.spapparels.com

How big is SP Apparels?

As of 10th June, SP Apparels Ltd. has a market capitalization of 2,053.00 Cr, with recent net sales of 1,578.64 Cr and a net profit of 101.55 Cr. The company reported shareholder's funds of 856.34 Cr and total assets of 1,456.14 Cr for the latest annual period ending March 2025.

As of 10th June, SP Apparels Ltd. has a market capitalization of 2,053.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest 4 quarters, SP Apparels reported Net Sales of 1,578.64 Cr and a Net Profit of 101.55 Cr.<BR><BR>For the latest annual period ending March 2025, the company had Shareholder's Funds of 856.34 Cr and Total Assets amounting to 1,456.14 Cr.

Who are in the management team of SP Apparels?

The management team of SP Apparels includes P Sundarajan (Chairman & Managing Director), S Latha (Executive Director), S Chenduran (Joint Managing Director), and several Non-Executive & Independent Directors, among others. They are responsible for the company's governance and strategic direction.

The management team of SP Apparels includes the following members:<BR><BR>1. **P Sundarajan** - Chairman & Managing Director<BR>2. **S Latha** - Executive Director<BR>3. **S Chenduran** - Joint Managing Director<BR>4. **V Sakthivel** - Non-Executive & Independent Director<BR>5. **A S Anand Kumar** - Non-Executive & Independent Director<BR>6. **K Vinodhini** - Company Secretary & Compliance Officer<BR>7. **C R Rajagopal** - Non-Executive & Independent Director<BR>8. **H Lakshmi Priya** - Non-Executive & Independent Director<BR>9. **S Shantha** - Joint Managing Director<BR><BR>This team plays a crucial role in the governance and strategic direction of the company.

Who are the peers of the SP Apparels?

Peers of SP Apparels include Baazar Style, Ganesha Ecosphe., Sportking India, and others. SP Apparels has a good capital structure but below-average growth, with a 1-year return of -4.53%, better than Ganesha Ecosphe.'s -40.65% but worse than SBC Exports' 149.25%.

Peers: The peers of SP Apparels are Baazar Style, Ganesha Ecosphe., Sportking India, Filatex India, Go Fashion (I), Cantabil Retail, Aayush Art, SBC Exports, Sai Silks, and Sumeet Industrie.<BR><BR>Quality Snapshot: Excellent management risk is observed at SP Apparels and Aayush Art, while Average management risk is found at Ganesha Ecosphe., Sportking India, Go Fashion (I), Cantabil Retail, and Sai Silks, and the rest. Below Average management risk is noted for Baazar Style and SBC Exports, while Filatex India and Sumeet Industrie have Average management risk. In terms of Growth, Excellent growth is seen at Aayush Art and Cantabil Retail, while Average growth is found at Ganesha Ecosphe., Sportking India, Go Fashion (I), Filatex India, and Sai Silks, and the rest. Below Average growth is noted for SP Apparels and Baazar Style. For Capital Structure, Good capital structure is observed at SP Apparels, Filatex India, Go Fashion (I), and Aayush Art, while Average capital structure is found at Ganesha Ecosphe., Sportking India, Cantabil Retail, and Sai Silks, and the rest. Below Average capital structure is noted for Baazar Style and SBC Exports.<BR><BR>Return Snapshot: SBC Exports has the highest 1-year return at 149.25%, while Ganesha Ecosphe. has the lowest at -40.65%. SP Apparels' 1-year return of -4.53% is better than Ganesha Ecosphe. but worse than SBC Exports. Additionally, the peers with negative six-month returns include Filatex India, Go Fashion (I), Cantabil Retail, Sai Silks, and Sumeet Industrie.

Are SP Apparels Ltd. latest results good or bad?

SP Apparels Ltd.'s latest Q4 FY26 results are concerning, with a 39.23% drop in net profit and an 8.59% decline in net sales, indicating significant margin pressure and operational challenges in the garment export industry. Investors should be cautious due to the negative outlook.

SP Apparels Ltd.'s latest results for Q4 FY26 indicate a challenging period for the company. The consolidated net profit decreased by 39.23% year-on-year to ₹18.48 crore, and net sales fell by 8.59% to ₹364.91 crore, marking the lowest quarterly revenue in the past year. Additionally, the operating margin contracted to 12.23%, down from previous quarters, reflecting significant margin pressure.<BR><BR>The results reveal a concerning trend with declining volumes, rising employee costs, and overall compressed margins. The company's ability to maintain profitability is under scrutiny, especially given the current headwinds in the garment export industry, including softening global demand and increased competition.<BR><BR>Overall, the financial performance suggests a negative outlook, warranting close attention from investors as the company navigates these operational challenges.

Should I buy, sell or hold SP Apparels Ltd.?

When is the next results date for SP Apparels Ltd.?

The next results date for SP Apparels Ltd. is 11 February 2026.

The next results date for SP Apparels Ltd. is scheduled for 11 February 2026.

Is SP Apparels technically bullish or bearish?

As of December 1, 2025, SP Apparels is in a mildly bearish trend, indicated by daily moving averages and monthly MACD, despite some weekly bullish signals, and has significantly underperformed compared to the Sensex.

As of 1 December 2025, the technical trend for SP Apparels has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish trend and the monthly MACD showing a mildly bearish signal. The weekly Bollinger Bands are mildly bullish, but the overall monthly indicators, including the KST and Dow Theory, lean towards bearish. The stock has underperformed significantly compared to the Sensex year-to-date and over the past year, further supporting the bearish outlook.

How has been the historical performance of SP Apparels?

SP Apparels has shown consistent growth in net sales and profits, with net sales increasing from 652.31 crore in March 2021 to 1,395.13 crore in March 2025, and profit after tax rising from 43.17 crore to 95.10 crore in the same period. However, cash flow from operating activities declined, indicating challenges in cash management despite overall financial growth.

Answer:<BR>The historical performance of SP Apparels shows a consistent growth in net sales and profits over the years, with significant increases noted in the most recent fiscal year.<BR><BR>Breakdown:<BR>SP Apparels has demonstrated a strong upward trend in net sales, rising from 652.31 crore in March 2021 to 1,395.13 crore in March 2025. This growth is accompanied by an increase in total operating income, which reached 1,395.13 crore in March 2025, up from 859.43 crore in March 2022. The company's operating profit (PBDIT) also improved, reaching 200.00 crore in March 2025, compared to 105.73 crore in March 2021. Profit before tax increased to 123.22 crore in March 2025 from 59.14 crore in March 2021, while profit after tax rose to 95.10 crore from 43.17 crore in the same period. The earnings per share (EPS) also saw a notable increase, reaching 37.92 in March 2025, up from 16.82 in March 2021. On the balance sheet, total assets grew to 1,456.14 crore in March 2025 from 892.47 crore in March 2020, reflecting a robust expansion in the company's financial position. However, total liabilities also increased, reaching 1,456.14 crore in March 2025, indicating a rise in debt levels, particularly in long-term borrowings. The cash flow from operating activities showed a decline to 44.00 crore in March 2025 from 216.00 crore in March 2023, while the net cash outflow was recorded at -43.00 crore in March 2025, highlighting some challenges in cash management despite the overall growth in revenue and profits.

Is SP Apparels overvalued or undervalued?

As of October 8, 2025, SP Apparels is considered fairly valued with a PE ratio of 17.97, an EV to EBITDA of 10.11, and a ROE of 11.05%, showing a more favorable valuation compared to peers like K P R Mill Ltd and Trident, despite a year-to-date return of -23.63% against the Sensex's 4.65%, while maintaining a positive long-term outlook with a 5-year return of 429.76%.

As of 8 October 2025, the valuation grade for SP Apparels has moved from very attractive to attractive, indicating a shift in its perceived value. The company is currently assessed as fairly valued. Key ratios include a PE ratio of 17.97, an EV to EBITDA of 10.11, and a ROE of 11.05%. <BR><BR>In comparison to its peers, SP Apparels has a more favorable valuation than K P R Mill Ltd, which is considered very expensive with a PE ratio of 43.03, and Trident, which is rated as fair with a PE ratio of 33.06. Despite recent stock performance lagging behind the Sensex, with a year-to-date return of -23.63% compared to the Sensex's 4.65%, the long-term outlook remains positive, especially given the company's impressive 5-year return of 429.76%.

Who are the top shareholders of the SP Apparels?

The top shareholders of SP Apparels include promoter Perumal Sundararajan with 49.97%, mutual funds holding 18.43% (led by DSP Small Cap Fund at 8.67%), individual investors at 12.21%, and Foreign Institutional Investors at 1.81%. There are no pledged promoter holdings reported.

The top shareholders of SP Apparels include the promoters, with Perumal Sundararajan holding the highest stake at 49.97%. Additionally, mutual funds collectively hold 18.43% of the shares, with the DSP Small Cap Fund being the largest public shareholder at 8.67%. Foreign Institutional Investors (FIIs) hold a smaller portion, accounting for 1.81%, while individual investors collectively own 12.21% of the company. There are no pledged promoter holdings reported.

Has SP Apparels declared dividend?

Yes, SP Apparels Ltd. has declared a 30% dividend, amounting to ₹3 per share, with an ex-date of September 15, 2023. Despite this, the dividend yield is 0%, but the company has shown strong total returns over longer periods.

SP Apparels Ltd. has declared a 30% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 30%<BR>- Amount per share: 3 per share<BR>- Ex-date: 15 Sep 23<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -9.66%, the dividend return was 0%, resulting in a total return of -9.66%.<BR><BR>Over the past year, the price return was 41.41%, with a dividend return of 0%, leading to a total return of 41.41%.<BR><BR>In the 2-year period, the price return was 98.42%, the dividend return was 0.71%, which resulted in a total return of 99.13%.<BR><BR>For the 3-year period, the price return was 144.62%, the dividend return was 0.84%, culminating in a total return of 145.46%.<BR><BR>In the 4 years, the price return was 249.31%, with a dividend return of 2.32%, giving a total return of 251.63%.<BR><BR>Finally, in the 5-year span, the price return was 1070.74%, the dividend return was 6.48%, resulting in a total return of 1077.22%.<BR><BR>Overall, SP Apparels has declared a dividend, but the dividend yield remains at 0%. The total returns over various periods indicate strong performance, particularly over the longer term, despite a recent decline in the short term.