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SPL Industries Limited (SPLIL) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹897M

SI SPL Industries Limited SPLIL · NSE
Price₹31.63
Fair Value₹41.39
Upside+30.9%
Quality48/100
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Evidence: Medium Range ₹31.04 – ₹51.74

Fair value as of: Jul 3, 2026

From 9 valuation models · updated today

Share price +3.9% over the past month.

Price vs Fair Value (12 months)

₹44.09 ₹21.50 Fair Value ₹41.39 Jul 2025 Jul 2026

12‑month range ₹21.50 – ₹44.09 · fair‑value band ₹31.04 – ₹51.74 · the ₹31.63 price screens below the ₹41.39 fair value. As of Jul 3, 2026.

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Analysis

SPL Industries Limited (SPLIL) currently trades at ₹31.63, while our model-based Fair Value estimate is ₹41.39 — implying the stock looks roughly 30.9% undervalued today. We read business quality at 48/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

Over the trailing twelve months, SPL Industries Limited generated revenue of ₹695M at a net margin of 10.2%. Revenue declined 24.2% year over year. It earns a return on equity of 3.3%. The balance sheet holds a net cash position of ₹105M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹695M
Revenue growth (YoY) -24.2%
Net margin 10.2%
Return on equity 3.3%
Free cash flow −₹193M FY2026
P/E ratio 12.6
More key figures
Operating margin -5.1%
EPS (TTM) ₹2.43
EPS growth (YoY) +35.6%
Net cash ₹105M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

SPL Industries Limited manufactures and sells knitted garments and fabrics in India and internationally. It operates through Manufacturing Cotton Knitted Garments and Made Ups and Processing Charges; and Trading of Garments segments. The company offers a range of outerwear, such as T shirts, sweatshirts, and polo shirts, etc.; and knitted fabrics, including single jersey, jacquard, interlocks, flat backs, auto stripes fleece, double jersey jacquard, and waffles and various textures. It also trades in garments. In addition, the company is involved in processing activities, such as printing, dyeing, coloring, spinning, weaving, combing, knitting, and bleaching services. It exports its products to the United States and European markets. The company was formerly known as Shivalik Prints Private Limited and changed its name to SPL Industries Limited in September 1994. SPL Industries Limited was incorporated in 1991 and is based in Faridabad, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

SPL Industries Limited reported revenue of ₹695M in FY2026 versus ₹1.9B in FY2022, a compound −22.1%/yr. Reported net income was ₹70.6M in FY2026, compounding −23.9%/yr from FY2022.

Revenue −22.1%/yr
FY22 ₹1.9B
FY23 ₹2.7B
FY24 ₹2.0B
FY25 ₹1.4B
FY26 ₹695M
Net income −23.9%/yr
FY22 ₹211M
FY23 ₹238M
FY24 ₹118M
FY25 ₹97.9M
FY26 ₹70.6M

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6 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

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Ralph Lauren Corporation RL $366.55 $365.78 -0%
Moncler S.p.A MONC €51.22 €50.69 -1%
Gildan Activewear Inc GIL $58.41 $37.01 -37%
LPP SA LPP 18,350 PLN 20,063 PLN +9%
Levi Strauss & Co LEVI $22.95 $14.47 -37%

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Frequently asked questions

Is SPL Industries Limited (SPLIL) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹41.39 versus a price of ₹31.63 — about +31% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SPLIL?
Our model-based fair value for SPL Industries Limited is ₹41.39 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹31.63.
What is the quality score of SPLIL?
SPL Industries Limited has a Quality Score of 48/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of SPL Industries Limited (SPLIL)?
SPL Industries Limited reported trailing-twelve-month revenue of about ₹695M (latest available figure, as of Jul 3, 2026).
What is the net profit margin of SPLIL?
The net profit margin of SPL Industries Limited is about 10.2%, meaning it keeps roughly 10.2% of revenue as net income. 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.