S.P. Apparels Limited (SPAL) Fair Value & Analysis
Consumer Cyclical · IN · Market cap ₹27.8B
Fair value as of: Jul 3, 2026
From 26 valuation models · updated today
Share price +32.6% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹608.85 – ₹1,138 · fair‑value band ₹478.44 – ₹1,104 · the ₹1,119 price screens above the ₹883.41 fair value. As of Jul 3, 2026.
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S.P. Apparels Limited (SPAL) currently trades at ₹1,119, while our model-based Fair Value estimate is ₹883.41 — implying the stock looks roughly 21.0% overvalued today. We read business quality at 63/100 (solid quality), in the Consumer Cyclical 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, S.P. Apparels Limited generated revenue of ₹15.8B at a net margin of 6.4%. Revenue declined 8.6% year over year. It earns a return on equity of 11.3%. Net debt stands at ₹3.6B. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
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.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
S.P. Apparels Limited reported revenue of ₹15.8B in FY2026 versus ₹8.2B in FY2022, a compound +17.7%/yr. Reported net income was ₹1.0B in FY2026, compounding +4.5%/yr from FY2022.
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Similar stocks
6 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| H & M Hennes & Mauritz AB HNNMY | $3.58 | $3.95 | +10% |
| Ralph Lauren Corporation RL | $366.55 | $365.78 | -0% |
| Moncler S.p.A MONC | €53.84 | €38.28 | -29% |
| Gildan Activewear Inc GIL | $52.09 | $33.02 | -37% |
| LPP SA LPP | 21,880 PLN | 18,197 PLN | -17% |
| Levi Strauss & Co LEVI | $22.53 | $56.56 | +151% |
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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.