Revenue GrowthS.P. Apparels' high revenue growth reflects durable demand expansion and successful order capture. Sustained top-line gains support higher capacity utilization, provide scope for operational leverage, and enable reinvestment into design, sourcing, and manufacturing capabilities over the medium term.

Margin ExpansionMaterial improvement in gross and net margins indicates effective cost control and potential pricing or product-mix advantages. Higher unit economics provide a structural buffer in apparel's cyclical environment and create room to invest in quality, compliance, and value-added services that sustain margins long-term.

Balance Sheet StrengthModerate leverage and a strong equity ratio signal a conservative capital structure and financial flexibility. Combined with improved ROE, this foundation supports funding for capex or working capital needs without severe solvency risk, enhancing resilience through industry cycles and growth phases.

Bears Say

Negative Free Cash FlowFCF turning negative from elevated capex may constrain the company’s ability to self-fund operations, dividends, or further investments. If new capacity or upgrades fail to generate commensurate returns, liquidity and strategic flexibility could be impaired over the next several quarters.

Weak Cash ConversionA decline in cash conversion means reported profits are less supported by cash, raising working-capital and liquidity risks. Persistent weak conversion can force reliance on external financing for growth or to cover cyclical order timing, increasing funding costs and financial vulnerability over months to years.

Disclosure Gaps On Customer RiskLack of disclosure on customer concentration and channel mix makes it hard to assess revenue stability and bargaining risk. If material revenues depend on few buyers or export channels, the company could face volatile orders or margin pressure, a structural vulnerability for contract manufacturing models.

S.P. Apparels Ltd. News

S.P. Apparels Confirms SEBI Dematerialisation Compliance for Q3 FY2025-26

The latest announcement is out from S.P. Apparels Ltd. ( ($IN:SPAL) ). S.P. Apparels Limited has notified the...

1M ago

SPAL

S.P. Apparels Shareholders Approve Appointment of Independent Director via Postal Ballot

S.P. Apparels Ltd. ( ($IN:SPAL) ) has shared an announcement. S.P. Apparels Limited has announced that its shareholders...

1M ago

SPAL

S.P. Apparels Publishes Postal Ballot Notice

S.P. Apparels Ltd. ( ($IN:SPAL) ) has provided an update. S.P. Apparels Limited announced the publication of a...

2M ago

SPAL

S.P. Apparels Releases Q1 2025 Financial Results

S.P. Apparels Ltd. ( ($IN:SPAL) ) has provided an announcement. S.P. Apparels Ltd. announced the publication of its...

6M ago

SPAL

SPAL FAQ

What was S.P. Apparels Ltd.’s price range in the past 12 months?

S.P. Apparels Ltd. lowest stock price was ₹585.00 and its highest was ₹990.00 in the past 12 months.

What is S.P. Apparels Ltd.’s market cap?

S.P. Apparels Ltd.’s market cap is ₹16.44B.

When is S.P. Apparels Ltd.’s upcoming earnings report date?

S.P. Apparels Ltd.’s upcoming earnings report date is Feb 16, 2026 which is in 11 days.

How were S.P. Apparels Ltd.’s earnings last quarter?

S.P. Apparels Ltd. released its earnings results on Nov 14, 2025. The company reported ₹13.8 earnings per share for the quarter, beating the consensus estimate of ₹9.4 by ₹4.4.

Is S.P. Apparels Ltd. overvalued?

According to Wall Street analysts S.P. Apparels Ltd.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does S.P. Apparels Ltd. pay dividends?

S.P. Apparels Ltd. pays a Annually dividend of ₹2 which represents an annual dividend yield of 0.28%. See more information on S.P. Apparels Ltd. dividends here

What is S.P. Apparels Ltd.’s EPS estimate?

S.P. Apparels Ltd.’s EPS estimate is 11.6.

How many shares outstanding does S.P. Apparels Ltd. have?

S.P. Apparels Ltd. has 25,092,600 shares outstanding.

What happened to S.P. Apparels Ltd.’s price movement after its last earnings report?

S.P. Apparels Ltd. reported an EPS of ₹13.8 in its last earnings report, beating expectations of ₹9.4. Following the earnings report the stock price went up 6.141%.

Which hedge fund is a major shareholder of S.P. Apparels Ltd.?

Currently, no hedge funds are holding shares in IN:SPAL

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

S.P. Apparels Ltd.

S.P. Apparels Limited engages in the manufacture and sale of knitted garments for infants and children in India. It also manufactures, distributes, and markets adult menswear, such as shirts, polo shirts, T-shirts, trousers, jeans, sweaters, jackets, vests, briefs, boxer shorts, and socks under the Crocodile brand; and women's essential garments under the Natalia brand. The company also exports its products. S.P. Apparels Limited was founded in 1988 and is based in Tirupur, India.