S.P. Apparels Key Ratios
NSE: SPAL | BSE: 540048
₹1,022.00
As on 28-Aug-2026IST
Market cap
₹2,578 Cr
Revenue (TTM)
₹1,576 Cr
P/E Ratio
24.5
P/B Ratio
2.7
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 9.91 | -0.59 | 1.48 | 13.44 | 16.83 |
| EBIT | 49.01 | 15.58 | 8.28 | 21.02 | 13.63 |
| Net Profit | 33.27 | 20.40 | 10.00 | 14.44 | 12.19 |
| EPS | 33.27 | 20.18 | 7.68 | 13.98 | 12.24 |
| Book Value | -- | -- | 12.09 | 11.18 | 10.87 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-25 | Mar-24 |
| EBIT-Margin
| 10.41 | 10.96 | 11.19 | 10.36 | 10.79 |
| Net Margin
| 7.45 | 7.72 | 6.81 | 6.76 | 8.09 |
| Return on equity
| 12.27 | 11.79 | 11.66 | 11.74 | 12.47 |
| Return on Capital
| 14.86 | 14.19 | -- | 14.53 | 15.06 |
| Return on Assets
| 7.56 | 7.16 | 7.14 | 7.32 | 8.01 |
| Debt to Equity (x)
| -- | -- | 0.05 | 0.42 | 0.23 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
--
|
14.53
|
15.06
|
14.98
|
16.39
|
|
Peer Median
|
--
|
13.65
|
20.51
|
19.94
|
--
|
ROE
11.66
Higher than Peers by 0.07
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
11.66
|
11.74
|
12.47
|
12.58
|
14.16
|
|
Peer Median
|
11.59
|
11.89
|
15.90
|
15.36
|
--
|
ROA
7.14
Higher than Peers by 0.89
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
7.14
|
7.32
|
8.01
|
7.35
|
8.39
|
|
Peer Median
|
6.25
|
5.53
|
7.64
|
8.31
|
--
|
EBIT Margin
11.19
Higher than Peers by 3.71
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
11.19
|
10.36
|
10.79
|
10.08
|
12.85
|
|
Peer Median
|
7.49
|
8.19
|
8.54
|
8.35
|
--
|
Net Margin
6.81
Lower than Peers by 0.10
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
6.81
|
6.76
|
8.09
|
7.49
|
9.66
|
|
Peer Median
|
6.91
|
5.47
|
6.56
|
6.89
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
--
|
9.92
|
11.71
|
10.98
|
13.88
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
1.48
Lower than Peers by 7.65
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
1.48
|
28.31
|
0.60
|
25.76
|
31.75
|
|
Peer Median
|
9.13
|
29.72
|
7.05
|
52.87
|
--
|
EBIT Growth
8.28
Lower than Peers by 2.44
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
8.28
|
23.14
|
7.70
|
-1.33
|
57.62
|
|
Peer Median
|
10.71
|
23.89
|
18.97
|
142.79
|
--
|
Net Profit Growth
10.00
Lower than Peers by 4.74
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
10.00
|
6.11
|
8.62
|
-2.58
|
96.18
|
|
Peer Median
|
14.75
|
23.03
|
10.54
|
101.84
|
--
|
EPS Growth
7.68
Higher than Peers by 3.65
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
7.68
|
6.13
|
8.59
|
-0.37
|
96.20
|
|
Peer Median
|
4.03
|
4.03
|
9.38
|
107.50
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
--
|
12.09
|
13.37
|
5.62
|
14.22
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.05
Higher than Peers by 0.04
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
0.05
|
0.42
|
0.23
|
0.32
|
0.31
|
|
Peer Median
|
0.01
|
0.49
|
0.32
|
0.18
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
--
|
0.36
|
0.22
|
0.29
|
0.23
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.32
Lower than Peers by 0.44
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
1.32
|
1.46
|
1.91
|
1.53
|
1.72
|
|
Peer Median
|
1.76
|
1.76
|
1.79
|
1.58
|
--
|
Quick Ratio
0.76
Lower than Peers by 0.29
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
0.76
|
0.73
|
1.07
|
0.80
|
0.76
|
|
Peer Median
|
1.05
|
0.99
|
1.05
|
0.95
|
--
|
Interest Coverage
4.42
Higher than Peers by 0.56
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
4.42
|
4.68
|
6.81
|
6.95
|
9.94
|
|
Peer Median
|
3.85
|
3.00
|
4.17
|
3.69
|
--
|
Operating Efficiency
Debtors to sales
16.06
Lower than Peers by 11.47
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
16.06
|
17.97
|
15.19
|
9.69
|
13.47
|
|
Peer Median
|
27.53
|
32.90
|
23.57
|
18.62
|
--
|
Asset Turnover
1.03
Higher than Peers by 0.13
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
1.03
|
1.07
|
0.97
|
0.96
|
0.85
|
|
Peer Median
|
0.91
|
1.13
|
1.06
|
1.11
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
--
|
54.41
|
45.30
|
37.23
|
49.35
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
--
|
83.16
|
94.31
|
106.20
|
121.76
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
--
|
72.79
|
80.01
|
79.70
|
105.22
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
--
|
64.77
|
59.60
|
63.72
|
65.89
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
24.47
Lower than Peers by 16.06
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
24.47
|
18.01
|
16.26
|
9.77
|
10.36
|
|
Peer Median
|
40.53
|
36.20
|
31.36
|
22.00
|
--
|
Price / Book Value
2.65
Higher than Peers by 0.10
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
2.65
|
2.00
|
1.91
|
1.20
|
1.38
|
|
Peer Median
|
2.55
|
4.03
|
3.69
|
1.80
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
--
|
0.29
|
--
|
0.93
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
11.85
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
11.85
|
10.15
|
8.85
|
5.78
|
6.28
|
|
Peer Median
|
--
|
22.54
|
19.25
|
9.97
|
--
|
Market Cap
2,578
Higher than Peers by 1,462
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
S.P. Apparels
|
2,578
|
1,712
|
1,457
|
806
|
878
|
|
Peer Median
|
1,117
|
714
|
610
|
618
|
--
|