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Spice Islands Apparels Limited (526827) Fair Value & Analysis

Other · IN · Market cap ₹189M

SI Spice Islands Apparels Limited 526827 · BSE
Price₹513.35
Fair Value₹157.10
Upside-69.4%
Quality63/100
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Evidence: High Range ₹89.56 – ₹599.16

Fair value as of: Jul 4, 2026

From 16 valuation models · updated today

Share price +24.4% over the past month.

Price vs Fair Value (12 months)

₹530.00 ₹44.37 Fair Value ₹157.10 Jun 2025 Jul 2026

12‑month range ₹44.37 – ₹530.00 · fair‑value band ₹89.56 – ₹599.16 · the ₹513.35 price screens above the ₹157.10 fair value. As of Jul 4, 2026.

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Analysis

Spice Islands Apparels Limited (526827) currently trades at ₹513.35, while our model-based Fair Value estimate is ₹157.10 — implying the stock looks roughly 69.4% overvalued today. We read business quality at 63/100 (solid quality), in the Other sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Spice Islands Apparels Limited generated revenue of ₹141M at a net margin of -13.3%. Revenue declined 86.0% year over year. Net debt stands at ₹10.0M. The stock trades on a trailing P/E of 39.6. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) ₹141M
Revenue growth (YoY) -86.0%
Net margin -13.3%
Free cash flow −₹12.8M FY2026
P/E ratio 39.6
Operating margin -16.2%
More key figures
EPS (TTM) ₹1.11
Net debt ₹10.0M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Spice Islands Apparels Limited manufactures and sells woven and knitted garments in India, the United Kingdom, the United Arab Emirates, and internationally. The company offers men's shirts, ladies blouses/tops/skirts, hand embroidered tops, basic men's/ladies/girls/children's T-shirts, fashion T-shirts, polo shirts, sweatshirts, jerseys, piques, jacquards, and yarn dyed stripes in various fabrics. It is also involved in financial activities. Spice Islands Apparels Limited was founded in 1988 and is based in Mumbai, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Spice Islands Apparels Limited reported revenue of ₹179M in FY2026 versus ₹26.3M in FY2022, a compound +61.6%/yr. Reported net income was ₹56.6M in FY2026.

Revenue +61.6%/yr
FY22 ₹26.3M
FY23 ₹8.6M
FY24 ₹9.0M
FY25 ₹7.8M
FY26 ₹179M
Net income
FY22 −₹13.2M
FY23 −₹1.2M
FY24 ₹3.2M
FY25 ₹4.8M
FY26 ₹56.6M

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Frequently asked questions

Is Spice Islands Apparels Limited (526827) undervalued?
As of Jul 4, 2026, our model estimates a fair value of ₹157.10 versus a price of ₹513.35 — about −69% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 526827?
Our model-based fair value for Spice Islands Apparels Limited is ₹157.10 (as of Jul 4, 2026), built from audited fundamentals. The current price is ₹513.35.
What is the quality score of 526827?
Spice Islands Apparels Limited has a Quality Score of 63/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Spice Islands Apparels Limited (526827)?
Spice Islands Apparels Limited reported trailing-twelve-month revenue of about ₹141M (latest available figure, as of Jul 4, 2026).
What is the net profit margin of 526827?
The net profit margin of Spice Islands Apparels Limited is about -13.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.