S P Apparels Ltd
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]
- Market Cap ₹ 1,106 Cr.
- Current Price ₹ 430
- High / Low ₹ 531 / 281
- Stock P/E 11.2
- Book Value ₹ 248
- Dividend Yield 0.52 %
- ROCE 15.8 %
- ROE 14.2 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- The company has delivered a poor sales growth of 6.34% over past five years.
- Company has a low return on equity of 11.2% for last 3 years.
- Company might be capitalizing the interest cost
- Dividend payout has been low at 4.46% of profits over last 3 years
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
399 | 425 | 450 | 471 | 532 | 632 | 662 | 825 | 808 | 652 | 859 | 972 | |
339 | 370 | 386 | 403 | 447 | 528 | 555 | 691 | 724 | 547 | 708 | 805 | |
Operating Profit | 60 | 55 | 64 | 69 | 85 | 104 | 106 | 134 | 84 | 105 | 152 | 167 |
OPM % | 15% | 13% | 14% | 15% | 16% | 16% | 16% | 16% | 10% | 16% | 18% | 17% |
1 | 0 | 1 | 7 | -12 | 21 | 16 | 3 | 13 | 1 | 10 | 16 | |
Interest | 40 | 34 | 36 | 31 | 25 | 18 | 29 | 6 | 23 | 14 | 12 | 14 |
Depreciation | 16 | 17 | 18 | 20 | 20 | 19 | 22 | 22 | 30 | 32 | 35 | 36 |
Profit before tax | 5 | 4 | 12 | 24 | 28 | 87 | 71 | 109 | 44 | 59 | 115 | 133 |
Tax % | -97% | 51% | 46% | 60% | 33% | 38% | 33% | 33% | -6% | 27% | 26% | |
Net Profit | 10 | 2 | 7 | 10 | 19 | 54 | 48 | 73 | 47 | 43 | 85 | 99 |
EPS in Rs | 5.78 | 1.40 | 3.97 | 5.98 | 10.98 | 21.30 | 19.00 | 28.56 | 18.26 | 16.80 | 32.99 | 38.55 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 0% | 0% | 13% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 6% |
3 Years: | 1% |
TTM: | 34% |
Compounded Profit Growth | |
---|---|
10 Years: | 25% |
5 Years: | 10% |
3 Years: | 5% |
TTM: | 64% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | 31% |
1 Year: | 35% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 12% |
3 Years: | 11% |
Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|
37 | 37 | 44 | 44 | 37 | 25 | 44 | 26 | 26 | 26 | 26 | |
Reserves | 41 | 44 | 50 | 59 | 96 | 332 | 372 | 458 | 498 | 533 | 612 |
392 | 360 | 331 | 276 | 259 | 185 | 204 | 211 | 226 | 194 | 214 | |
89 | 111 | 127 | 167 | 189 | 134 | 208 | 192 | 143 | 158 | 210 | |
Total Liabilities | 539 | 531 | 525 | 520 | 561 | 677 | 810 | 887 | 892 | 910 | 1,062 |
282 | 299 | 285 | 275 | 277 | 299 | 307 | 317 | 444 | 444 | 450 | |
CWIP | 26 | 0 | 0 | 0 | 4 | 0 | 6 | 54 | 0 | 10 | 8 |
Investments | 1 | 1 | 1 | 1 | 1 | 58 | 31 | 0 | 0 | 0 | 0 |
230 | 230 | 240 | 244 | 280 | 319 | 465 | 515 | 448 | 456 | 604 | |
Total Assets | 539 | 531 | 525 | 520 | 561 | 677 | 810 | 887 | 892 | 910 | 1,062 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|
31 | 79 | 58 | 84 | 49 | 26 | -1 | 82 | 83 | 80 | 33 | |
-12 | -8 | -14 | -6 | -28 | -116 | -15 | -60 | -39 | -21 | -35 | |
-20 | -69 | -44 | -77 | -20 | 92 | 19 | -17 | -45 | -42 | 24 | |
Net Cash Flow | -1 | 2 | 0 | 1 | 1 | 2 | 3 | 5 | -1 | 17 | 21 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 52 | 44 | 44 | 58 | 56 | 78 | 91 | 57 | 42 | 65 | 46 |
Inventory Days | 298 | 270 | 221 | 190 | 228 | 147 | 268 | 277 | 233 | 327 | 342 |
Days Payable | 131 | 134 | 131 | 173 | 209 | 101 | 145 | 122 | 86 | 123 | 123 |
Cash Conversion Cycle | 219 | 180 | 134 | 74 | 75 | 123 | 215 | 212 | 189 | 269 | 266 |
Working Capital Days | 139 | 112 | 99 | 42 | 53 | 98 | 141 | 119 | 116 | 146 | 140 |
ROCE % | 8% | 11% | 14% | 18% | 22% | 17% | 17% | 11% | 10% | 16% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 Aug - The audio call recording of the Company''s Analyst call to discuss the Financial Results (standalone and consolidated) for the first quarter ended 30th June 2022 …
- Corporate Action - Fixes Book Closure For 17Th Annual General Meeting Of The Company. 12 Aug
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Aug - In accordance with Regulation 47 of the SEBI (LODR) Regulations, 2015, enclosed please find herewith the newspaper publication of the consolidated audited financial statements for …
-
Announcement under Regulation 30 (LODR)-Investor Presentation
11 Aug - Copy of Financial Presentation for Q 1 FY 23 results of the Company.
- Financial Results For 30.06.2022 11 Aug
Annual reports
Concalls
-
Aug 2022TranscriptPPT
-
May 2022Transcript PPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
Jul 2021Transcript PPT
-
Feb 2021Transcript PPT
-
Nov 2020Transcript PPT
-
Sep 2020Transcript PPT
-
Jul 2020Transcript PPT
-
Feb 2020Transcript PPT
-
Nov 2019Transcript PPT
-
Aug 2019Transcript PPT
-
Jul 2019Transcript PPT
-
May 2019TranscriptPPT
-
Mar 2019Transcript PPT
-
Nov 2018Transcript PPT
-
Aug 2018Transcript PPT
-
Jun 2018Transcript PPT
-
Mar 2018Transcript PPT
-
Feb 2018TranscriptPPT
-
Dec 2017Transcript PPT
-
Nov 2017TranscriptPPT
-
Aug 2017Transcript PPT
-
Jun 2017TranscriptPPT
-
Feb 2017TranscriptPPT
-
Nov 2016TranscriptPPT
Product Portfolio