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 26.3
  • Book Value ₹ 325
  • Dividend Yield 0.00 %
  • ROCE 15.6 %
  • ROE 13.2 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has a low return on equity of 13.8% 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

Part of BSE Consumer Discretionary BSE Allcap BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
183 220 216 217 269 219 235 218 251 224 255 214 256
143 178 172 174 230 195 192 177 202 186 215 177 216
Operating Profit 39 41 43 43 39 24 43 41 50 37 40 37 40
OPM % 21% 19% 20% 20% 15% 11% 18% 19% 20% 17% 16% 17% 16%
1 -0 5 7 9 8 2 4 5 5 2 2 1
Interest 1 3 3 5 7 1 6 5 3 4 1 3 7
Depreciation 8 8 8 9 8 9 8 9 9 9 9 9 9
Profit before tax 31 30 36 36 33 23 30 32 42 29 32 27 25
Tax % 28% 18% 30% 26% 22% 28% 24% 31% 23% 24% 17% 16% 28%
23 24 25 27 26 16 23 22 33 22 27 23 18
EPS in Rs 8.77 9.41 9.84 10.40 9.96 6.47 9.27 8.68 13.10 8.88 10.70 9.07 7.19
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
426 451 474 536 619 627 777 757 536 735 942 948 949
370 386 405 447 518 523 646 675 439 580 790 780 794
Operating Profit 56 64 70 89 101 104 131 82 96 155 152 169 155
OPM % 13% 14% 15% 17% 16% 17% 17% 11% 18% 21% 16% 18% 16%
1 1 7 -12 21 16 3 13 1 1 19 15 10
Interest 35 36 31 25 18 29 6 22 13 11 16 13 15
Depreciation 17 18 20 21 21 24 23 32 30 32 34 35 36
Profit before tax 5 13 25 31 83 68 105 41 54 113 122 136 114
Tax % 40% 43% 57% 34% 40% 38% 33% -8% 28% 26% 25% 24%
3 7 11 20 49 42 70 44 39 83 92 104 90
EPS in Rs 1.87 4.26 6.50 11.95 19.65 16.69 27.16 17.14 15.05 32.38 36.59 41.35 35.84
Dividend Payout % 0% 0% 0% 0% 3% 3% 0% 0% 15% 0% 8% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 4%
3 Years: 21%
TTM: 3%
Compounded Profit Growth
10 Years: 30%
5 Years: 7%
3 Years: 35%
TTM: -5%
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: 14%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 55 62 72 111 345 377 460 496 526 604 650 754 789
377 355 300 276 181 219 206 216 181 205 190 128 191
77 93 141 174 139 190 193 143 150 166 139 139 166
Total Liabilities 526 527 530 578 690 811 884 882 883 1,001 1,004 1,046 1,171
292 278 268 279 300 306 314 440 438 434 439 434 445
CWIP 0 0 10 4 0 6 54 0 10 8 10 19 22
Investments 7 7 7 8 66 39 8 8 8 11 175 114 221
226 243 245 287 324 459 508 434 427 549 381 480 484
Total Assets 526 527 530 578 690 811 884 882 883 1,001 1,004 1,046 1,171

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
81 59 83 50 50 4 78 87 79 52 227 98
-5 -14 -6 -30 -122 -15 -60 -39 -21 -35 -156 -4
-73 -44 -77 -20 75 14 -17 -50 -45 11 -73 -81
Net Cash Flow 2 0 0 0 2 2 1 -2 13 28 -2 13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 45 59 59 80 92 57 41 59 31 16 32
Inventory Days 268 219 187 226 152 305 319 267 523 432 228 228
Days Payable 92 109 182 201 99 151 130 88 159 120 54 65
Cash Conversion Cycle 219 155 64 83 133 246 245 220 422 343 190 195
Working Capital Days 29 50 48 60 99 149 129 124 178 146 79 92
ROCE % 9% 11% 14% 18% 21% 16% 17% 10% 9% 17% 16% 16%

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.

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