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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
Balance-sheet ResilienceManageable leverage (D/E ~0.44) and an expanding equity base provide financial flexibility to absorb cyclical swings in apparel demand. This reduces short-to-medium term solvency risk and supports access to capital for working capital or selective capex over the next several months.
Improved Cash Generation (FY2026)A rebound to positive operating cash flow and free cash flow in FY2026 demonstrates recovery in cash conversion versus the prior year. Sustained positive FCF increases the firm's ability to self-fund working capital and modest capex, reducing reliance on new borrowing in the medium term.
Stable Profitability Profile / Business ModelA focused manufacturing/export model serving brands and retailers, coupled with consistently solid ROE (~10–13%), indicates an enduring ability to generate returns on capital. This structural profitability supports resilience if order books normalize and utilization improves.
Bears Say
Revenue Collapse And VolatilityA 67% year-over-year revenue drop in FY2026 signals a large loss of volume or orders, sharply reducing visibility into future top-line performance. Such volatility threatens scale economics, makes planning difficult, and risks sustained underutilization of factory capacity over coming quarters.
Severe Gross-margin CompressionA near-halving of gross margin points to significant pricing pressure, input-cost shocks, or adverse mix shifts. This materially erodes operating leverage and long-term earnings power and will require structural corrective measures—pricing, cost reduction, or higher volumes—to restore sustainable profitability.
Uneven Cash Conversion And Consistency RiskAlthough FCF turned positive in FY2026, conversion at ~39% of net income and prior multi-year swings highlight inconsistent cash generation. This raises risk around funding recurring capex, working capital, and debt service if revenue or margins remain pressured.

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 ₹1186.05 in the past 12 months.
    What is S.P. Apparels Ltd.’s market cap?
    S.P. Apparels Ltd.’s market cap is ₹28.55B.
      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 36 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 0.28%. 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 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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