SPL Industries Limited (IN:SPLIL)
:SPLIL
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SPL Industries Limited
(SPLIL)
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Rating:66Neutral
Price Target:
₹35.00
▼(-8.26% Downside)
Action:ReiteratedDate:04/21/26
The score is anchored by low financial risk (debt-free balance sheet) and improved FY2025 cash generation, partly offset by significant deterioration in FY2025 revenue and especially gross margin. Technicals are supportive with strong trend/momentum, but overbought signals and a valuation tied to a pressured earnings profile limit upside to the overall score.
Positive Factors
Debt-free balance sheet
Zero net debt materially lowers financial distress risk and gives management durable flexibility to fund working capital, capex or strategic initiatives without reliance on external financing. Over a 2–6 month horizon this supports resilience through demand shocks and preserves strategic optionality.
Negative Factors
Revenue decline and volatility
A ~21% revenue drop and historical top-line volatility reduce scale and operating leverage, undermining margin recovery prospects. Persistent or repeated revenue weakness constrains reinvestment, limits pricing power and makes earnings and cash-flow durability uncertain over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero net debt materially lowers financial distress risk and gives management durable flexibility to fund working capital, capex or strategic initiatives without reliance on external financing. Over a 2–6 month horizon this supports resilience through demand shocks and preserves strategic optionality.
Read all positive factors
SPL Industries Limited (SPLIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.01B
Dividend YieldN/A
Average Volume (3M)7.63K
Price to Earnings (P/E)10.2
Beta (1Y)1.26
Revenue Growth-56.59%
EPS Growth-45.60%
CountryIN
Employees310
SectorConsumer Goods
Sector StrengthN/A
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)1.35
Shares Outstanding29,000,004
10 Day Avg. Volume434
30 Day Avg. Volume7,626
Financial Highlights & Ratios
PEG Ratio-0.59
Price to Book (P/B)0.46
Price to Sales (P/S)0.69
P/FCF Ratio4.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SPL Industries Limited Business Overview & Revenue Model
Company Description
SPL Industries Limited designs, manufactures, and sells cotton knitted garments and made ups in India. The company operates in two segments, Manufacturing Cotton Knitted Garments and Made Ups and Processing Charges, and Trading of Garments. It off...
How the Company Makes Money
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SPL Industries Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
84
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 890.71M | 1.39B | 1.99B | 2.69B | 1.89B | 1.02B |
| Gross Profit | 52.02M | 72.75M | 287.11M | 301.13M | 281.63M | 215.98M |
| EBITDA | 96.16M | 159.83M | 192.96M | 369.04M | 317.62M | 213.95M |
| Net Income | 39.55M | 97.92M | 117.51M | 238.36M | 210.84M | 135.52M |
Balance Sheet | ||||||
| Total Assets | 2.23B | 2.22B | 2.08B | 2.09B | 2.10B | 1.52B |
| Cash, Cash Equivalents and Short-Term Investments | 790.33M | 708.39M | 242.32M | 327.48M | 683.63M | 796.38M |
| Total Debt | 0.00 | 0.00 | 40.00K | 106.59M | 49.30M | 44.45M |
| Total Liabilities | 133.90M | 131.76M | 89.85M | 216.46M | 466.91M | 93.97M |
| Stockholders Equity | 2.10B | 2.09B | 1.99B | 1.87B | 1.63B | 1.42B |
Cash Flow | ||||||
| Free Cash Flow | 185.81M | 231.64M | 42.82M | 3.05M | 13.62M | 291.29M |
| Operating Cash Flow | 208.37M | 206.99M | 71.48M | 140.02M | 80.82M | 297.85M |
| Investing Cash Flow | -187.68M | -208.09M | 37.53M | -257.95M | -43.29M | -289.10M |
| Financing Cash Flow | -136.00K | -1.06M | -107.42M | 47.78M | -2.21M | -2.34M |
SPL Industries Limited Peers Comparison
UnderperformOutperform
Sector (57)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹1.01B | 10.21 | ― | ― | -56.59% | -45.60% | |
62 Neutral | ₹1.33B | 10.89 | ― | 0.51% | 0.49% | 6.91% | |
58 Neutral | ₹871.23M | 31.72 | ― | ― | -17.34% | -68.94% | |
58 Neutral | ₹1.08B | 53.55 | ― | ― | 2.11% | 196.43% | |
57 Neutral | $3.13B | 9.23 | -34.32% | 3.14% | -25.56% | -353.61% | |
49 Neutral | ₹757.60M | 27.28 | ― | ― | 6.42% | 61.96% | |
42 Neutral | ₹1.05B | -0.62 | ― | ― | -72.51% | -25.63% |
* Consumer Goods Sector Average
IN:SPLIL
SPL Industries Limited
34.67
-2.34
-6.32%
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SPL Industries Limited Corporate Events
Exchange Seeks Clarification From SPL Industries on Sharp Share Price Move
Apr 22, 2026
The stock exchange has observed significant price movement in the shares of SPL Industries Limited and has sought clarification from the company to ensure investors have up‑to‑date, relevant information. The company’s response is...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.