About
S.P. Apparels Limited, together with its subsidiaries, manufactures and exports knitted garments for infants and children in India and internationally. The company offers yarns, fabrics, and cotton waste products under the Angel & Rocket brand, as well as dyeing, embroidery, and printing services. It also engages in the manufacture, distribution, marketing, and retail sale of menswear garments under the Crocodile brand name. The company was founded in 1988 and is headquartered in Tirupur, India.
Key Metrics
as of Sep 2026Market Cap2,693 Cr
P/E25.60
Div Yield0.28 %
Book Value₹376.00
52w High₹1,222.00
52w Low₹585.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 275.00 | 252.00 | 264.00 | 308.00 | 290.00 | 278.00 | 234.00 | 256.00 | 214.00 | 255.00 | 224.00 | 251.00 | 218.00 |
| Expenses | 228.00 | 208.00 | 224.00 | 254.00 | 245.00 | 232.00 | 195.00 | 216.00 | 177.00 | 215.00 | 186.00 | 202.00 | 177.00 |
| Operating Profit | 47.00 | 43.00 | 40.00 | 54.00 | 45.00 | 46.00 | 39.00 | 40.00 | 37.00 | 40.00 | 37.00 | 50.00 | 41.00 |
| OPM % | 17.00 | 17.00 | 15.00 | 17.00 | 15.00 | 16.00 | 17.00 | 16.00 | 17.00 | 16.00 | 17.00 | 20.00 | 19.00 |
| Other Income | 1.00 | 1.00 | 3.00 | 2.00 | 1.00 | 3.00 | 1.00 | 1.00 | 2.00 | 2.00 | 5.00 | 5.00 | 4.00 |
| Depreciation | 11.00 | 11.00 | 11.00 | 10.00 | 10.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| Interest | 2.00 | 6.00 | 6.00 | 8.00 | 7.00 | 6.00 | 4.00 | 7.00 | 3.00 | 1.00 | 4.00 | 3.00 | 5.00 |
| Profit before tax | 35.00 | 28.00 | 25.00 | 37.00 | 29.00 | 33.00 | 26.00 | 25.00 | 27.00 | 32.00 | 29.00 | 42.00 | 32.00 |
| Tax % | 24.00 | 23.00 | 24.00 | 27.00 | 32.00 | 26.00 | 31.00 | 28.00 | 16.00 | 17.00 | 24.00 | 23.00 | 31.00 |
| Net Profit | 27.00 | 21.00 | 19.00 | 27.00 | 20.00 | 25.00 | 18.00 | 18.00 | 23.00 | 27.00 | 22.00 | 33.00 | 22.00 |
| EPS in Rs | 10.56 | 8.49 | 7.69 | 10.88 | 7.93 | 9.86 | 7.18 | 7.19 | 9.07 | 10.70 | 8.88 | 13.10 | 8.68 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,113.00 | 982.00 | 948.00 | 942.00 | 735.00 | 536.00 | 757.00 | 777.00 | 627.00 | 619.00 | 536.00 | 474.00 |
| Expenses | 932.00 | 820.00 | 780.00 | 790.00 | 580.00 | 439.00 | 675.00 | 646.00 | 523.00 | 518.00 | 447.00 | 405.00 |
| Operating Profit | 181.00 | 162.00 | 169.00 | 152.00 | 155.00 | 96.00 | 82.00 | 131.00 | 104.00 | 101.00 | 89.00 | 70.00 |
| OPM % | 16.00 | 16.00 | 18.00 | 16.00 | 21.00 | 18.00 | 11.00 | 17.00 | 17.00 | 16.00 | 17.00 | 15.00 |
| Other Income | 7.00 | 7.00 | 15.00 | 19.00 | 1.00 | 1.00 | 13.00 | 3.00 | 16.00 | 21.00 | -12.00 | 7.00 |
| Interest | 27.00 | 20.00 | 13.00 | 16.00 | 11.00 | 13.00 | 22.00 | 6.00 | 29.00 | 18.00 | 25.00 | 31.00 |
| Depreciation | 41.00 | 37.00 | 35.00 | 34.00 | 32.00 | 30.00 | 32.00 | 23.00 | 24.00 | 21.00 | 21.00 | 20.00 |
| Profit before tax | 120.00 | 112.00 | 136.00 | 122.00 | 113.00 | 54.00 | 41.00 | 105.00 | 68.00 | 83.00 | 31.00 | 25.00 |
| Tax % | 27.00 | 25.00 | 24.00 | 25.00 | 26.00 | 28.00 | -8.00 | 33.00 | 38.00 | 40.00 | 34.00 | 57.00 |
| Net Profit | 88.00 | 84.00 | 104.00 | 92.00 | 83.00 | 39.00 | 44.00 | 70.00 | 42.00 | 49.00 | 20.00 | 11.00 |
| EPS in Rs | 34.94 | 33.29 | 41.35 | 36.59 | 32.38 | 15.05 | 17.14 | 27.16 | 16.69 | 19.65 | 11.95 | 6.50 |
| Dividend Payout % | 9.00 | 0.00 | 0.00 | 8.00 | 0.00 | 15.00 | 0.00 | 0.00 | 3.00 | 3.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25.00 | 25.00 | 25.00 | 25.00 | 26.00 | 26.00 | 26.00 | 26.00 | 25.00 | 25.00 | 17.00 | 17.00 |
| Reserves | 914.00 | 835.00 | 754.00 | 650.00 | 604.00 | 526.00 | 496.00 | 460.00 | 377.00 | 345.00 | 111.00 | 72.00 |
| Borrowings | 290.00 | 257.00 | 128.00 | 190.00 | 205.00 | 181.00 | 216.00 | 206.00 | 219.00 | 181.00 | 276.00 | 300.00 |
| Other Liabilities | 145.00 | 152.00 | 139.00 | 139.00 | 166.00 | 150.00 | 143.00 | 193.00 | 190.00 | 139.00 | 174.00 | 141.00 |
| Total Liabilities | 1,375.00 | 1,269.00 | 1,046.00 | 1,004.00 | 1,001.00 | 883.00 | 882.00 | 884.00 | 811.00 | 690.00 | 578.00 | 530.00 |
| Fixed Assets | 542.00 | 449.00 | 434.00 | 439.00 | 434.00 | 438.00 | 440.00 | 314.00 | 306.00 | 300.00 | 279.00 | 268.00 |
| CWIP | 4.00 | 31.00 | 19.00 | 10.00 | 8.00 | 10.00 | 0.00 | 54.00 | 6.00 | 0.00 | 4.00 | 10.00 |
| Investments | 242.00 | 224.00 | 114.00 | 175.00 | 11.00 | 8.00 | 8.00 | 8.00 | 39.00 | 66.00 | 8.00 | 7.00 |
| Other Assets | 587.00 | 565.00 | 480.00 | 381.00 | 549.00 | 427.00 | 434.00 | 508.00 | 459.00 | 324.00 | 287.00 | 245.00 |
| Total Assets | 1,375.00 | 1,269.00 | 1,046.00 | 1,004.00 | 1,001.00 | 883.00 | 882.00 | 884.00 | 811.00 | 690.00 | 578.00 | 530.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 169.00 | 43.00 | 98.00 | 227.00 | 52.00 | 79.00 | 87.00 | 78.00 | 4.00 | 50.00 | 50.00 | 83.00 |
| Cash from Investing Activity | -147.00 | -183.00 | -4.00 | -156.00 | -35.00 | -21.00 | -39.00 | -60.00 | -15.00 | -122.00 | -30.00 | -6.00 |
| Cash from Financing Activity | 2.00 | 110.00 | -81.00 | -73.00 | 11.00 | -45.00 | -50.00 | -17.00 | 14.00 | 75.00 | -20.00 | -77.00 |
| Net Cash Flow | 23.00 | -30.00 | 13.00 | -2.00 | 28.00 | 13.00 | -2.00 | 1.00 | 2.00 | 2.00 | 0.00 | 0.00 |
| Free Cash Flow | 76.00 | -32.00 | 46.00 | 180.00 | 14.00 | 35.00 | 36.00 | -8.00 | -35.00 | 7.00 | 24.00 | 69.00 |
| CFO/OP % | 110.00 | 42.00 | 78.00 | 167.00 | 49.00 | 97.00 | 122.00 | 70.00 | 24.00 | 73.00 | 63.00 | 124.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 37.00 | 39.00 | 32.00 | 16.00 | 31.00 | 59.00 | 41.00 | 57.00 | 92.00 | 80.00 | 59.00 | 59.00 |
| Inventory Days | 223.00 | 331.00 | 228.00 | 228.00 | 432.00 | 523.00 | 267.00 | 319.00 | 305.00 | 152.00 | 226.00 | 187.00 |
| Days Payable | 57.00 | 79.00 | 65.00 | 54.00 | 120.00 | 159.00 | 88.00 | 130.00 | 151.00 | 99.00 | 201.00 | 182.00 |
| Cash Conversion Cycle | 203.00 | 290.00 | 195.00 | 190.00 | 343.00 | 422.00 | 220.00 | 245.00 | 246.00 | 133.00 | 83.00 | 64.00 |
| Working Capital Days | 24.00 | 45.00 | 53.00 | 19.00 | 77.00 | 90.00 | 53.00 | 48.00 | 45.00 | 20.00 | -50.00 | -73.00 |
| ROCE % | 13.00 | 13.00 | 16.00 | 16.00 | 17.00 | 9.00 | 10.00 | 17.00 | 16.00 | 21.00 | 18.00 | 14.00 |
Corporate Actions
12 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 25 Aug 2025 | 25 Aug 2025 | — | 2.00 | |
| Other | 19 Sep 2024 | — | — | — | Annual General Meeting |
| Dividend | 15 Sep 2023 | — | — | 3.00 | |
| Other | 06 Oct 2022 | 07 Oct 2022 | — | — | Buy Back of Shares |
| Other | 06 Oct 2022 | 07 Oct 2022 | — | — | Buy Back |
| Other | 09 Sep 2022 | — | — | — | Annual General Meeting |
| Dividend | 03 Sep 2021 | — | — | 2.25 | |
| Other | 18 Sep 2020 | — | — | — | Annual General Meeting |
| Other | 12 Sep 2019 | — | — | — | Annual General Meeting |
| Dividend | 07 Sep 2018 | — | — | 0.50 | |
| Other | 07 Sep 2018 | — | — | — | Dividend Re -0.5 Per Share |
| Dividend | 03 Aug 2017 | — | — | 0.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update3 Sep 2025 from icra
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Rating update29 Jul 2024 from icra
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Rating update15 May 2023 from icra
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Rating update11 May 2022 from icra
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Rating update9 Mar 2021 from icra
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Rating update24 Apr 2020 from icra
Conference Calls
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