S P Apparels Ltd

S P Apparels Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

S P Apparels Ltd

₹ 943 -0.23%
13 Dec - close price
spapparels.com BSE: 540048 NSE: SPAL
About

The company was established in 1989, it is a leading manufacturer and exporter of knitted garments for infants and children in India. These are manufactured at the integrated facilities that allow providing end-to-end garment manufacturing services from greige fabric to finished products. [1], Mr. P. Sundararajan is the Chairman and Managing Director of our Company. [2]. The company provides end-to-end garment manufacturing from greige fabric to finished products including bodysuits, sleepsuits, tops, and bottoms. [3]

Key Points

Business Segments

Website BSE NSE
  • Market Cap ₹ 2,367 Cr.
  • Current Price ₹ 943
  • High / Low ₹ 1,133 / 462
  • Stock P/E 27.5
  • Book Value ₹ 318
  • Dividend Yield 0.00 %
  • ROCE 13.5 %
  • ROE 11.4 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 2.96 times its book value
  • Company has a low return on equity of 12.6% over last 3 years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Products

Part of BSE Consumer Discretionary BSE SmallCap BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
222 250 254 246 306 251 275 248 292 252 295 245 391
182 212 209 203 268 229 235 212 246 218 254 212 342
Operating Profit 40 39 45 43 38 22 40 36 47 34 41 33 50
OPM % 18% 15% 18% 17% 12% 9% 14% 15% 16% 14% 14% 13% 13%
1 4 5 7 9 8 2 4 6 5 2 3 2
Interest 1 4 4 5 8 2 7 6 4 5 3 5 11
Depreciation 9 9 9 10 8 9 9 9 10 9 9 10 11
Profit before tax 31 30 37 35 30 19 25 25 38 24 30 21 30
Tax % 25% 18% 31% 27% 25% 32% 19% 40% 26% 28% 5% 12% 28%
23 25 25 26 23 13 21 15 29 18 28 18 22
EPS in Rs 9.05 9.59 9.80 10.06 8.92 5.28 8.21 5.98 11.38 7.03 11.35 7.20 8.75
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
425 450 471 532 632 662 825 808 652 859 1,081 1,087 1,184
370 386 403 447 528 555 691 724 547 707 935 929 1,026
Operating Profit 55 64 69 85 104 106 134 84 105 152 146 158 158
OPM % 13% 14% 15% 16% 16% 16% 16% 10% 16% 18% 14% 15% 13%
0 1 7 -12 21 16 3 13 1 9 20 16 12
Interest 34 36 31 25 18 29 6 23 14 12 19 19 25
Depreciation 17 18 20 20 19 22 22 30 32 35 36 38 40
Profit before tax 4 12 24 28 87 71 109 44 59 115 111 118 105
Tax % 51% 46% 60% 33% 38% 33% 33% -6% 27% 26% 26% 24%
2 6 10 19 54 48 73 47 43 85 83 90 86
EPS in Rs 1.40 3.97 5.98 10.98 21.30 19.00 28.56 18.26 16.80 32.96 32.88 35.72 34.33
Dividend Payout % 0% 0% 0% 0% 0% 3% 0% 0% 13% 0% 9% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 6%
3 Years: 19%
TTM: 11%
Compounded Profit Growth
10 Years: 29%
5 Years: 2%
3 Years: 24%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: 35%
3 Years: 31%
1 Year: 53%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 13%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 17 17 17 17 25 25 26 26 26 26 25 25 25
Reserves 44 50 59 96 332 372 458 498 533 612 649 739 773
380 358 304 279 185 223 211 226 194 231 245 203 324
91 100 140 169 134 189 192 143 158 193 179 175 255
Total Liabilities 531 525 520 561 677 810 887 892 910 1,062 1,097 1,142 1,378
299 285 275 277 299 307 317 444 444 450 459 454 591
CWIP 0 0 0 4 0 6 54 0 10 8 10 19 22
Investments 1 1 1 1 58 31 0 0 0 3 113 51 7
230 240 244 280 319 465 515 448 456 602 515 618 759
Total Assets 531 525 520 561 677 810 887 892 910 1,062 1,097 1,142 1,378

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
79 58 84 49 26 -1 82 83 80 27 216 79
-8 -14 -6 -28 -116 -15 -60 -39 -21 -29 -160 6
-69 -44 -77 -20 92 19 -17 -45 -42 24 -48 -67
Net Cash Flow 2 0 1 1 2 3 5 -1 17 21 8 19

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 44 44 58 56 78 91 57 42 65 49 35 55
Inventory Days 270 221 190 228 147 268 277 233 327 342 223 214
Days Payable 134 131 173 209 101 145 122 86 123 116 74 80
Cash Conversion Cycle 180 134 74 75 123 215 212 189 269 275 184 190
Working Capital Days 112 99 42 53 98 141 119 116 146 150 96 110
ROCE % 9% 11% 14% 18% 23% 17% 18% 11% 10% 16% 15% 13%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
61.69% 61.69% 61.69% 61.69% 61.93% 61.93% 61.93% 61.93% 61.93% 61.93% 61.93% 61.93%
0.98% 1.19% 1.31% 1.16% 1.23% 1.09% 1.07% 1.50% 1.39% 1.53% 1.59% 1.64%
15.01% 15.05% 16.35% 16.86% 17.61% 17.73% 17.60% 18.47% 19.08% 18.87% 19.25% 19.56%
22.33% 22.07% 20.66% 20.29% 19.22% 19.25% 19.41% 18.12% 17.61% 17.68% 17.23% 16.88%
No. of Shareholders 15,31418,35019,66526,84119,61218,39217,77017,20316,37615,67715,36716,105

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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DRHP

Credit ratings

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