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S P Apparels Ltd share Price Today

Company details

588.15
605.00
386.60
674.85
6M Return -4.22%
1Y Return 56.05%
Mkt Cap.(Cr) 1,498.93
Volume 11,669
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 11,669

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S P Apparels announced Q3FY24 results:

Consolidated Q3FY24:

  • Total Revenue for Q3FY24 is Rs 2,570.12 million, slightly lower than Rs 2,588.29 million in Q3FY23.
  • Profit before Tax for Q3FY24 is Rs 245.02 million compared to Rs 194.27 million in Q3FY23, indicating a growth of 26.12% YoY.
  • Profit after Tax for Q3FY24 is Rs 176.09 million, up from Rs 132.73 million in Q3FY23, showing a growth of 32.67% YoY.
  • Earnings per share for the quarter is Rs 7.02, compared to Rs 5.21 in Q3FY23.

Standalone Q3FY24:

  • Total Revenue for the Quarter is Rs 2,286.55 million compared to Rs 2,269.48 million in Q3FY23.
  • Profit before Tax for the quarter is Rs 291.60 million, up from Rs 225.97 million in Q3FY23, marking a growth of 29.04% YoY.
  • Profit after Tax for the quarter is Rs 222.69 million compared to Rs 162.29 million in Q3FY23, representing a growth of 37.22% YoY.
  • Earnings per share for the quarter is Rs 8.87, up from Rs 6.37 in Q3FY23.

Segmental Performance:

  • Garment Division Adjusted revenue stood at Rs 2,238.12 million with adjusted EBITDA of Rs 387.11 million during the quarter.
  • S.P. Retail Ventures revenue stood at Rs 148.66 million with EBITDA of Rs (29.23) million during the quarter.
  • S.P. Apparels UK (P) revenue stood at Rs 137.70 million with an EBITDA of Rs 5.34 million during the quarter.
  • Sales Quantity exported for the current quarter stood at 14.28 million Pcs, compared to 13.38 million pcs YoY and 15.39 million pcs QoQ.

Result PDF

View Other Company Results

S P Apparels Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (1)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum

Threats (0)

Data not found

Resistance and support

R1 605.5
R2 613.7
R3 622.4
Pivot

596.83

S1 588.7
S2 580.0
S3 571.8
EMA SMA
591.1
590.0
586.8
560.2
588.9
583.9
593.3
576.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
N V INVESTMENTS Bulk Purchase 2023-03-10 341.98 160000 NSE
KESAVAPILLAI ANNAMALAI Bulk Sell 2023-03-10 342 198000 NSE
ASHISH RAMESH KACHOLIA Bulk Sell 2022-12-27 307.1 164427 NSE
Name Category Shares
Perumal Sundararajan PROMOTER 49.97%
Sundararajan Latha PROMOTER 11.8%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

S P Apparels Ltd Stocks COMPARISON

Financials( in Cr) S P Apparels Ltd Grasim Industries Ltd Trident Ltd Raymond Ltd Welspun Living Ltd
Price 597.35 2,441.00 37.85 2,226.45 143.50
% Change 0.05 -0.52 -0.26 -0.78 -0.28
Mcap Cr 1,498.93 166,122.26 19,288.19 14,822.37 13,945.44
Revenue TTM Cr 1,077.88 117,627.08 6,332.26 8,214.72 8,093.76
Net Profit TTM Cr 82.51 11,078.20 441.61 536.96 202.51
PE TTM 16.61 26.62 54.87 8.83 20.48
1 Year Return 56.05 44.33 9.24 40.80 55.05
ROCE 14.28 9.04 11.89 21.11 5.91
ROE 12.58 14.35 10.99 23.24 5.03
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 673.61 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,796.39 -24,413.80
LAST 3M 102,786.44 -26,675.26
LAST 6M 169,824.52 52,410.32
LAST 12M 262,867.28 126,756.31
S. P. Apparels Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 24, 2024 l NSE Announcement

S. P. Apparels Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 22, 2024 l NSE Announcement

Board Meeting for Today

May 21, 2024 l Board Meetings for Today

Date Action Type Ratio
Sep 15, 2023 Dividend 30

S P Apparels Ltd Information

Stock PE (TTM)
16.61
Promoter Holding
61.93%
Book Value
304.3298
ROCE
14.28%
ROE
12.58%
Description
  • S.P. Apparels Limited (SPAL) is one of the leading manufacturers and exporters of knitted garments for infants and children in India. The company has integrated manufacturing facilities which provides end-to-end garment manufacturing from greige fabric to finished products. The company also manufactures and retails menswear garments in India under the brand Crocodile`. SPAL`s business consists of two main divisions - (i) garments division for manufacture and the export of knitted garments for infants and children; and (ii) retail division for manufacture, distribution and marketing of products in India under the brand name Crocodile`. SPAL has two subsidiaries viz. Crocodile Products Private Limited (CPPL) and S. P. Apparels (UK) Private Limited (SPUK). CPPL, which is a joint venture between SPAL and Crocodile International Pte. Ltd. (CIPL), is engaged in the business of, inter alia, establishing and managing units to manufacture, trade, deal, import and export garments and has entered into a technology license agreement with CIPL for the exclusive manufacture, distribution and marketing of menswear under the trademark Crocodile` in India. SPUK was incorporated in 2014 to explore possible marketing opportunities and engage in trading activities with new customers in the United Kingdom, Ireland and other European countries. SPAL operates on a hub and spoke business model, which includes 24 manufacturing facilities as of June 2018 in and around Avinashi, Tamil Nadu and within 125 km from the corporate office. The wide range of infrastructure and machinery at the company`s facilities for the production of yarn, dyeing of fabric, sewing, cutting, printing, embroidery and finishing of garments, enables the company to service its customers with multiple bulk orders in a timely manner. The proximity of the company`s manufacturing facilities and an integrated set-up allows the company to optimize its operations and services customers in a timely manner. S.P. Apparels came out with an initial public offer (IPO) in August 2016. The IPO included 80,22,388 equity shares as fresh issue and 9,00,000 equity shares by way of Offer for sale by New York Life Investment Management India Fund (FVCI) II LLC. During the financial year ended 31 March 2016, the company added 120 new sewing machines. The Processing Division achieved 85% utilization of its capacity. The embroidery and printing factories achieved 90% of their capacities during the year. The efficiency level of the factories of the Garment Division has shown improvement in the range of 5% to 10% during the year under review. The retail division has shown significant growth in terms of increase of retail stores to 40 across the country. During the year under review, the company converted 72,49,454 numbers of 6% Compulsorily Convertible Preference Shares (6% CCPS) of Rs.10/- each and issued 3,45,212 equity shares of Rs.10/- each paid up (including a premium of Rs.200/-) per share and allotted the same in favour of M/s. Euro Asia Agencies Limited, Hong Kong. During the financial year ended 31 March 2017, S.P. Apparels increased the capacity of yarn production by adding a few machines. During the year under review, the company balanced its dyeing and finishing capacities by adding a compacting machine. During the year under review, the company added 300 new sewing machines. During the year, the company`s retail business grew due to increase in the number of stores and change in the product mix offered to customers. During the year under review, growth in the company`s garment division was supported by the increase in capacities and increase in customer demand. Higher growth led to increase in margins. Increase in capacity of the garment division was due to setting up of new factories as also increase in capacities of the existing factories. During the year under review, the company re-aligned its product mix of the garment division. This new product mix also helped the garment division improve worker efficiency and this contributed to revenue growth of the division. The company`s Large Format Stores` sales also grew substantially due to opening up of new outlets. The company`s products were well accepted in all regions and its partners offered it more space looking at the brand`s performance. E-commerce business posted good growth as the company targeted quality conscious customers. During the year under review, S.P. Apparels` subsidiary S. P. Apparels (UK) Private Limited (SPUK) started business relationship with some new customers and also started working on new products.

Registered Address

39-A Extension Street, Kaikattipudur Avinashi, Tirupur, Tamil Nadu, 641654

Tel : 91-4296-304000
Email : csoffice:s-p-apparels.com; spindia:s-p-apparels.co
Website : http://www.spapparels.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540048
NSE Code : SPAL
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE212I01016

FAQ’s on S P Apparels Ltd Shares

You can buy S P Apparels Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy S P Apparels Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:54 PM the closing price of S P Apparels Ltd was Rs.597.35.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 03:54 PM, the market cap of S P Apparels Ltd stood at Rs. 1,498.93.

The latest PE ratio of S P Apparels Ltd as of May 24, 2024 03:54 PM is 16.61

The latest PB ratio of S P Apparels Ltd as of May 24, 2024 03:54 PM is 0.51

The 52-week high of S P Apparels Ltd share price is Rs. 674.85 while the 52-week low is Rs. 386.60

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