| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 401 | 403 | −0.6% |
| EBITDA | 61.4 | 52.9 | +15.9% |
| EBITDA margin | 15.3% | 13.1% | +2.2 pts |
| Profit before tax | 35.8 | 30.8 | +16.5% |
| Net profit | 24.9 | 20.7 | +20.4% |
| EPS | ₹9.89 | ₹8.23 | +20.2% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 2,123 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 67.5 | 67.5 | 35.3 | 129 | 133 | ||
| −6.5 | −6.5 | −6.4 | −6.4 | −6.5 | ||
| 400 | 400 | 381 | 203 | 245 | ||
| 2,450 | — | — | — | — | ||
| 1,576 | 1,579 | 1,395 | 1,087 | 1,078 | ||
| — | +13.2% | +28.3% | +0.9% | — | ||
| 226 | 218 | 188 | 158 | 143 | ||
| 14.4% | 13.8% | 13.5% | 14.5% | 13.2% | ||
| 176 | 170 | 145 | 120 | 106 | ||
| 105 | 101 | 95.1 | 89.6 | 82.5 | ||
| 6.7% | 6.4% | 6.8% | 8.2% | 7.7% | ||
| ₹41.79 | ₹40.11 | ₹37.85 | ₹35.68 | ₹32.83 | ||
| — | +6.0% | +6.1% | +8.7% | — | ||
| — | 209 | 44.4 | 79.2 | 216 | ||
| — | −108 | −82.2 | −55.0 | −51.8 | ||
| 101 | 101 | −37.8 | 24.2 | 164 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 2,123.4 | |
| - Cash, Equiv & ST Investments | 132.8 | 129.1 | 35.3 | 67.5 | 67.5 | |
| + Minority Interest | -6.5 | -6.4 | -6.4 | -6.5 | -6.5 | |
| + Total Debt | 244.7 | 203.4 | 380.8 | 400.2 | 400.2 | |
| Enterprise Value | — | — | — | — | 2,449.6 | |
| Revenue | 1,077.9 | 1,087.4 | 1,395.1 | 1,578.6 | 1,576.3 | |
| Growth %, YoY | — | +0.9 | +28.3 | +13.2 | — | |
| EBITDA | 142.6 | 157.8 | 187.8 | 217.8 | 226.2 | |
| Margin % | 13.23 | 14.51 | 13.46 | 13.80 | 14.35 | |
| EBIT | 106.5 | 120.0 | 144.5 | 170.0 | 176.4 | |
| Net Income | 82.5 | 89.6 | 95.1 | 100.9 | 105.2 | |
| Margin % | 7.66 | 8.24 | 6.82 | 6.39 | 6.67 | |
| EPS, Adj (current shares) | 32.83 | 35.68 | 37.85 | 40.11 | 41.79 | |
| Growth %, YoY | — | +8.7 | +6.1 | +6.0 | — | |
| Cash from Operations | 216.0 | 79.2 | 44.4 | 208.7 | — | |
| Capital Expenditures | -51.8 | -55.0 | -82.2 | -107.5 | — | |
| Free Cash Flow | 164.2 | 24.2 | -37.8 | 101.1 | 101.1 | |
Prices at the previous close · figures from the company's filings with NSE
S. P. Apparels (NSE: SPAL) had a market capitalisation of ₹2,123 crore at the previous close (₹844.65 a share), a PE ratio of 20.2 on the last four quarters' profit and a price-to-book ratio of 2.24. In FY26 its consolidated net profit was ₹101 crore on revenue of ₹1,579 crore; in Q1 FY27 (April–June 2026) it was ₹24.9 crore, up 20.2% year on year. Its debt-to-equity ratio was 0.43 on 31 March 2026. Promoters held 59.82% of the shares on 30 September 2026.
S. P. Apparels' PE ratio is 20.2 at the previous close (₹844.65 a share): a market capitalisation of ₹2,123 crore divided by consolidated net profit of ₹105 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹101 crore) it is 21.0.
S. P. Apparels' debt-to-equity ratio was 0.43 on 31 March 2026: borrowings of ₹400 crore against total equity of ₹940 crore. A year earlier, on 31 March 2025, it was 0.45.
S. P. Apparels' net worth — shareholders' equity in its consolidated balance sheet — was ₹946 crore on 31 March 2026, up 10.5% from ₹856 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,123 crore at the previous close.
S. P. Apparels' price-to-book (PB) ratio is 2.24 at the previous close: a market capitalisation of ₹2,123 crore divided by shareholders' equity (book value) of ₹946 crore on 31 March 2026. That is a book value of ₹376.36 per share against a share price of ₹844.65.
In FY26, S. P. Apparels' return on equity (ROE) was 11.2% and its return on capital employed (ROCE) was 17.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 11.8% and ROCE 16.3%.
S. P. Apparels' book value per share was ₹376.36 on 31 March 2026: shareholders' equity of ₹946 crore divided by the 2.51 crore shares in issue, up 10.3% from ₹341.27 a year earlier. The share price at the previous close was ₹844.65.
S. P. Apparels' market capitalisation was ₹2,123 crore at the previous close: 2.51 crore shares at ₹844.65 each.
S. P. Apparels' basic earnings per share (EPS) were ₹40.22 in FY26, against ₹37.90 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹41.88.
In 2026, S. P. Apparels has declared one dividend: ₹3 with record date 4 September 2026.
No. S. P. Apparels had borrowings of ₹400 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.43. Its cash and current investments were ₹72.6 crore, so its net debt was ₹328 crore.
S. P. Apparels' dividend yield is 0.36% at the previous close: dividends of ₹3 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹844.65. They were ₹3 on 4 September 2026.
S. P. Apparels has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
Promoters held 59.82% of S. P. Apparels on 30 September 2026, down 1.99 percentage points from 61.81% the previous quarter and down 2.11 percentage points from 61.93% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, S. P. Apparels generated ₹209 crore of cash from operations and spent ₹108 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹101 crore. In FY25 it was −₹37.8 crore.
S. P. Apparels' latest results are for Q1 FY27 (April–June 2026), filed on 11 August 2026: consolidated net profit ₹24.9 crore, up 20.2% from ₹20.7 crore in Q1 FY26; revenue from operations ₹401 crore, down 0.6% year on year.
On 30 September 2026, S. P. Apparels' shares were held by promoters 59.82%, foreign portfolio investors (FII/FPI) 2.00%, domestic institutions (DII) 15.84% (including mutual funds at 13.98%) and retail and other non-institutional investors 22.33%. Over the year, FII holding was up 0.52 percentage points from 1.48% and DII holding was down 3.95 percentage points from 19.79%.
In FY26 (April 2025–March 2026), S. P. Apparels' consolidated net profit was ₹101 crore, up 6.1% from ₹95.1 crore in FY25, on revenue from operations of ₹1,579 crore (up 13.2%). Over three years, from FY23, net profit was up 22.3%.
In FY26, S. P. Apparels earned net profit of ₹101 crore on revenue of ₹1,579 crore, against ₹142 crore on ₹1,213 crore for Kewal Kiran Clothing. S. P. Apparels' operating margin was 10.8% (Kewal Kiran Clothing 16.0%) and its return on equity 11.2% (Kewal Kiran Clothing 16.1%).
On FY26 consolidated figures, against Kewal Kiran Clothing, Cantabil Retail India and SBC Exports: S. P. Apparels' operating margin of 10.8% is the third highest of the four (Kewal Kiran Clothing 16.0%, Cantabil Retail India 19.3%, SBC Exports 7.9%; peer average 14.4%); its return on equity of 11.2% is the lowest of the four (Kewal Kiran Clothing 16.1%, Cantabil Retail India 22.0%, SBC Exports 37.2%; peer average 25.1%); its revenue growth over three years of 13.6% a year is the lowest of the four (Kewal Kiran Clothing 15.9% a year, Cantabil Retail India 15.6% a year, SBC Exports 27.2% a year; peer average 19.6% a year).
From S. P. Apparels' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.