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S.P. Apparels Ltd. (IN:SPAL)
:SPAL
India Market
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S.P. Apparels Ltd. (SPAL) Price & Analysis

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SPAL Stock Chart & Stats

₹698.15
-₹2.15(-0.23%)
At close: 4:00 PM EST
₹698.15
-₹2.15(-0.23%)

Bulls Say, Bears Say

Bulls Say
Manageable Leverage & Resilient EquityS.P. Apparels' debt-to-equity near 0.44 and growing equity provide a tangible buffer versus peers. Manageable leverage supports capacity to fund operations and absorb shocks, preserving strategic optionality for capex or order fulfilment even if revenues fluctuate over the medium term.
Positive Free Cash Flow In FY2026A rebound to positive FCF in FY2026 indicates the business can generate internal funds after capex, reducing reliance on external financing for working capital or reinvestment. Sustained FCF would support debt servicing and incremental investments into capacity or efficiency over the next several quarters.
Reasonable Operating Profitability And ROEMaintained operating margins and consistent ROE signal the core manufacturing model remains profitable on normalized volumes. Such margin and return levels reflect structural cost control and production know-how that can underpin recovery in earnings as demand or utilization normalizes.
Bears Say
Severe FY2026 Revenue CollapseA ~67% revenue drop represents a material hit to top-line stability and reflects either lost orders, client concentration issues, or demand shocks. Persistent revenue volatility undermines margin leverage, cashflow visibility, and the ability to sustain fixed-cost heavy garment manufacturing without strategic remediation.
Major Gross-margin CompressionA near-30 percentage-point gross-margin decline indicates structural margin stress from pricing, input cost shifts, or unfavorable product mix. Such deep compression erodes operating resilience and requires either durable cost reductions or price recovery to restore prior profitability levels over the medium term.
Uneven Cash Conversion & Rising Debt RiskIntermittent cash conversion and multi-year swings heighten funding risk for seasonal working capital in apparel manufacturing. Combined with rising absolute debt since FY2024, inconsistent FCF weakens the company's buffer to support capex, absorb shocks, or pursue strategic investments without external funding.

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 ₹1220.10 in the past 12 months.
    What is S.P. Apparels Ltd.’s market cap?
    S.P. Apparels Ltd.’s market cap is ₹25.10B.
      When is S.P. Apparels Ltd.’s upcoming earnings report date?
      S.P. Apparels Ltd.’s upcoming earnings report date is Aug 07, 2026 which is in 14 days.
        How were S.P. Apparels Ltd.’s earnings last quarter?
        S.P. Apparels Ltd. released its earnings results on May 20, 2026. The company reported ₹7.4 earnings per share for the quarter, missing the consensus estimate of ₹12.9 by -₹5.5.
          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 0.21%. 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 for its next earnings report is not yet available.
              How many shares outstanding does S.P. Apparels Ltd. have?
              S.P. Apparels Ltd. has 25,138,884 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 ₹7.4 in its last earnings report, missing expectations of ₹12.9. Following the earnings report the stock price went up 0.747%.
                  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, an Indian enterprise, specializes in producing and selling knitted attire primarily for infants and children within the domestic market. The company further diversifies its portfolio by manufacturing, distributing, and marketing an extensive collection of adult menswear, including shirts, polo shirts, t-shirts, trousers, jeans, sweaters, jackets, vests, briefs, boxer shorts, and socks, all under its prominent 'Crocodile' brand. Additionally, it offers essential women's clothing lines through the 'Natalia' label. A portion of its merchandise is also exported internationally. Established in 1988, S.P. Apparels Limited operates from its headquarters in Tirupur, India.

                    S.P. Apparels Ltd. (SPAL) Earnings & Revenues

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