S. P. APPARELS LIMITED (SPAL) financials

S. P. APPARELS LIMITED (SPAL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

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…

Market Cap: ₹2,176Cr.
Current Price: ₹864
Stock P/E: 23.0
ROE: 9.77%
ROCE: 12.5%
Book Value: ₹374
Dividend Yield: 0.35%
52W High / Low: ₹1,222/585

In Jun 2026, S. P. APPARELS LIMITED (SPAL) reported sales ₹275 Cr and net profit ₹27 Cr.

Annual TTM: sales ₹1,099 Cr, net profit ₹94 Cr.

Shareholding: Promoters 59.82% (Sep 2026), FIIs 2.00% (Sep 2026), DIIs 15.84% (Sep 2026), Public 22.32% (Sep 2026), No. of Shareholders 18,516% (Sep 2026).

SPAL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	256	234	278	290	308	264	252	275
Expenses	216	195	232	245	254	224	208	228
Operating Profit	40	39	46	45	54	40	43	47
OPM %	16%	17%	16%	15%	17%	15%	17%	17%
Other Income	1	1	3	1	2	3	1	1
Interest	7	4	6	7	8	6	6	2
Depreciation	9	9	9	10	10	11	11	11
Profit before tax	25	26	33	29	37	25	28	35
Tax %	28%	31%	26%	32%	27%	24%	23%	24%
Net Profit	18	18	25	20	27	19	21	27
EPS in Rs	7.19	7.18	9.86	7.93	10.88	7.69	8.49	10.56
Raw PDF	—	—	—	—	—	—	—	—

SPAL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	757	536	735	942	948	982	1,113	1,099
Expenses	675	439	580	790	780	820	932	915
Operating Profit	82	96	155	152	169	162	181	184
OPM %	11%	18%	21%	16%	18%	16%	16%	17%
Other Income	13	1	1	19	15	7	7	7
Interest	22	13	11	16	13	20	27	23
Depreciation	32	30	32	34	35	37	41	42
Profit before tax	41	54	113	122	136	112	120	126
Tax %	-8%	28%	26%	25%	24%	25%	27%	—
Net Profit	44	39	83	92	104	84	88	94
EPS in Rs	17.14	15.05	32.38	36.59	41.35	33.29	34.94	37.62
Dividend Payout %	0%	15%	0%	8%	0%	0%	9%	—

SPAL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	26	26	26	26	25	25	25	25
Reserves	460	496	526	604	650	754	835	914
Borrowings	206	216	181	205	190	128	257	290
Other Liabilities	193	143	150	166	139	139	152	145
Total Liabilities	884	882	883	1,001	1,004	1,046	1,269	1,375
Fixed Assets	314	440	438	434	439	434	449	542
CWIP	54	0	10	8	10	19	31	4
Investments	8	8	8	11	175	114	224	242
Other Assets	508	434	427	549	381	480	565	587
Total Assets	884	882	883	1,001	1,004	1,046	1,269	1,375

SPAL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	78	87	79	52	227	98	43	169
Cash from Investing Activity	-60	-39	-21	-35	-156	-4	-183	-147
Cash from Financing Activity	-17	-50	-45	11	-73	-81	110	2
Net Cash Flow	1	-2	13	28	-2	13	-30	23
Free Cash Flow	-8	36	35	14	180	46	-32	76
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	70%	122%	97%	49%	167%	78%	42%	110%

SPAL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	61.93%	61.93%	61.93%	61.93%	61.93%	61.81%	61.81%	59.82%
FIIs	1.83%	1.81%	1.83%	1.49%	1.83%	1.48%	1.49%	2.00%
DIIs	19.84%	19.68%	19.92%	19.79%	18.72%	16.57%	16.15%	15.84%
Public	16.40%	16.59%	16.32%	16.80%	17.52%	20.13%	20.55%	22.32%
No. of Shareholders	16,823	16,811	16,858	17,095	15,743	17,082	17,353	18,516

SPAL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	57	41	59	31	16	32	39	37
Inventory Days	319	267	523	432	228	228	331	223
Days Payable	130	88	159	120	54	65	79	57
Cash Conversion Cycle	245	220	422	343	190	195	290	203
Working Capital Days	48	53	90	77	19	53	45	24
ROCE %	17%	10%	9%	17%	16%	16%	13%	13%

SPALUpdated 22 Oct 2026, 21:20

S. P. Apparels Limited

SPALUpdated 22 Oct 2026, 21:20

Market Cap

₹2,176Cr.

Current Price

₹864

High / Low

₹1,222/585

Stock P/E

23.0

Book Value₹374

Dividend Yield0.35%

ROCE12.5%

ROE9.77%

Face Value₹10.0

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	218	5	177	4	9	32	31	22	8.68
Sep 2023	251	3	202	5	9	42	23	33	13.1
Dec 2023	224	4	186	5	9	29	24	22	8.88
Mar 2024	255	1	215	2	9	32	17	27	10.7
Jun 2024	214	3	177	2	9	27	16	23	9.07
Sep 2024	256	7	216	1	9	25	28	18	7.19
Dec 2024	234	4	195	1	9	26	31	18	7.18
Mar 2025	278	6	232	3	9	33	26	25	9.86
Jun 2025	290	7	245	1	10	29	32	20	7.93
Sep 2025	308	8	254	2	10	37	27	27	10.88
Dec 2025	264	6	224	3	11	25	24	19	7.69
Mar 2026	252	6	208	1	11	28	23	21	8.49
Jun 2026	275	2	228	1	11	35	24	27	10.56

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	474	31	405	7	20	25	57	11	6.5
Mar 2016	536	25	447	-12	21	31	34	20	11.95
Mar 2017	619	18	518	21	21	83	40	49	19.65
Mar 2018	627	29	523	16	24	68	38	42	16.69
Mar 2019	777	6	646	3	23	105	33	70	27.16
Mar 2020	757	22	675	13	32	41	-8	44	17.14
Mar 2021	536	13	439	1	30	54	28	39	15.05
Mar 2022	735	11	580	1	32	113	26	83	32.38
Mar 2023	942	16	790	19	34	122	25	92	36.59
Mar 2024	948	13	780	15	35	136	24	104	41.35
Mar 2025	982	20	820	7	37	112	25	84	33.29
Mar 2026	1113	27	932	7	41	120	27	88	34.94
TTM	1099	23	915	7	42	126	—	94	37.62

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	59.82%
FIIs	2%
DIIs	15.84%
Public	22.32%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	61.93%	1.39%	19.08%	17.61%
Mar 2024	61.93%	1.53%	18.87%	17.68%
Jun 2024	61.93%	1.59%	19.25%	17.23%
Sep 2024	61.93%	1.64%	19.56%	16.88%
Dec 2024	61.93%	1.83%	19.84%	16.4%
Mar 2025	61.93%	1.81%	19.68%	16.59%
Jun 2025	61.93%	1.83%	19.92%	16.32%
Sep 2025	61.93%	1.49%	19.79%	16.8%
Dec 2025	61.93%	1.83%	18.72%	17.52%
Mar 2026	61.81%	1.48%	16.57%	20.13%
Jun 2026	61.81%	1.49%	16.15%	20.55%
Sep 2026	59.82%	2%	15.84%	22.32%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	17	72	300	141	530	268	10	7	245	530
Mar 2016	17	111	276	174	578	279	4	8	287	578
Mar 2017	25	345	181	139	690	300	0	66	324	690
Mar 2018	25	377	219	190	811	306	6	39	459	811
Mar 2019	26	460	206	193	884	314	54	8	508	884
Mar 2020	26	496	216	143	882	440	0	8	434	882
Mar 2021	26	526	181	150	883	438	10	8	427	883
Mar 2022	26	604	205	166	1001	434	8	11	549	1001
Mar 2023	25	650	190	139	1004	439	10	175	381	1004
Mar 2024	25	754	128	139	1046	434	19	114	480	1046
Mar 2025	25	835	257	152	1269	449	31	224	565	1269
Mar 2026	25	914	290	145	1375	542	4	242	587	1375

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	83	-6	-77	0
Mar 2016	50	-30	-20	0
Mar 2017	50	-122	75	2
Mar 2018	4	-15	14	2
Mar 2019	78	-60	-17	1
Mar 2020	87	-39	-50	-2
Mar 2021	79	-21	-45	13
Mar 2022	52	-35	11	28
Mar 2023	227	-156	-73	-2
Mar 2024	98	-4	-81	13
Mar 2025	43	-183	110	-30
Mar 2026	169	-147	2	23

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	59	59	80	92	57	41	59	31	16	32	39	37
Inventory Days	187	226	152	305	319	267	523	432	228	228	331	223
Days Payable	182	201	99	151	130	88	159	120	54	65	79	57
Cash Conversion Cycle	64	83	133	246	245	220	422	343	190	195	290	203
Working Capital Days	-73	-50	20	45	48	53	90	77	19	53	45	24
ROCE %	14%	18%	21%	16%	17%	10%	9%	17%	16%	16%	13%	13%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of S. P. APPARELS LIMITED (SPAL)?

The reported market capitalisation for S. P. APPARELS LIMITED (SPAL) is ₹2,176Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of SPAL?

The current price shown for S. P. APPARELS LIMITED (SPAL) on Fincrux is ₹864 with a 52-week high/low of ₹1,222/585.

What is the P/E ratio of S. P. APPARELS LIMITED (SPAL)?

The stock P/E for S. P. APPARELS LIMITED (SPAL) is 23.0 on Fincrux, with ROE at 9.77% and ROCE at 12.5%.

What were SPAL latest quarterly results?

For Jun 2026, S. P. APPARELS LIMITED (SPAL) reported sales ₹275 Cr and net profit ₹27 Cr (figures in ₹ crore unless noted).

What are SPAL annual sales and net profit?

For TTM, S. P. APPARELS LIMITED (SPAL) shows sales of ₹1,099 Cr and net profit of ₹94 Cr on the Fincrux profit & loss statement.

Who owns S. P. APPARELS LIMITED (SPAL)?

Latest shareholding for S. P. APPARELS LIMITED (SPAL) on Fincrux: Promoters 59.82% (Sep 2026), FIIs 2.00% (Sep 2026), DIIs 15.84% (Sep 2026), Public 22.32% (Sep 2026), No. of Shareholders 18,516% (Sep 2026).

Where can I find S. P. APPARELS LIMITED (SPAL) financials?

S. P. APPARELS LIMITED (SPAL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show SPAL balance sheet and cash flow?

Yes. The S. P. APPARELS LIMITED (SPAL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 22 October 2026 at 21:20