SPL Industries Limited (SPLIL) Fair Value & Analysis
Consumer Cyclical · IN · Market cap ₹886M
Strengths
Risks
Fair value as of: Aug 24, 2026
From 7 valuation models · updated today
Share price −2.4% over the past month.
Below-average quality, screening 35% undervalued on our models.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.
How to read this chart
60‑month range ₹21.39 – ₹83.95 · fair‑value band ₹31.04 – ₹51.74 · the ₹30.55 price screens below the ₹41.39 fair value. Dashed = 300-day average. As of Aug 24, 2026.
Analysis
SPL Industries Limited (SPLIL) currently trades at ₹30.55, while our model-based Fair Value estimate is ₹41.39, implying the stock looks roughly 35.5% undervalued today. The Quality Score stands 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: low), always confirm before acting.
Over the trailing twelve months, SPL Industries Limited generated revenue of ₹891M at a net margin of 4.4%. Revenue declined 62.1% year over year. It earns a return on equity of 1.9%. Net debt stands at ₹95.7M. Fundamentals as of Aug 24, 2026
Our scenario range runs from ₹31.04 (bear case) to ₹51.74 (bull case); at ₹30.55, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 45% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -20% fair-value upside, at 35%, SPLIL screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 7 models by family
Widest divergence: Asset-Based (₹49.91) versus Earnings-Based (₹20.24). Highest evidence: Growth-Adj P/E (68).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 38
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
SPL Industries Limited designs, manufactures, and sells cotton knitted garments and made ups in India and internationally. It operates through Manufacturing Cotton Knitted Garments and Made Ups and Processing Charges; and Trading of Garments segments.
Full company description
SPL Industries Limited designs, manufactures, and sells cotton knitted garments and made ups 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 knitted fabrics, such as single jersey, jacquard, interlocks, flat backs, auto stripes fleece, double jersey jacquard, and waffles and various textures; and a range of outerwear, such as T shirts, sweatshirts, and polo shirts, etc. 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. Further, it exports its products to the United States, Canada, Mexico, the United Kingdom, Germany, Spain, the Netherlands, the Middle East, and Japan. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
SPL Industries Limited reported revenue of ₹660M in FY2026 versus ₹1.9B in FY2022, a compound −23.1%/yr. Reported net income was ₹70.6M in FY2026, compounding −23.9%/yr from FY2022.
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Peer Group
Apparel Manufacturing · 216 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Apparel Manufacturing median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| H & M Hennes & Mauritz AB HMB | kr 174.25 | kr 165.47 | -5% |
| Ralph Lauren Corporation RL | $396.35 | $220.38 | -44% |
| Moncler S.p.A MONC | €49.64 | €50.69 | +2% |
| Gildan Activewear Inc GIL | C$81.50 | C$32.85 | -60% |
| LPP SA LPP | 22,220 PLN | 17,754 PLN | -20% |
| Levi Strauss & Co LEVI | $22.44 | $15.20 | -32% |
| V.F. Corporation VFC | $14.57 | $10.44 | -28% |
| Bosideng International Holdings 3998 | HK$4.65 | HK$5.92 | +27% |
| Youngor Fashion Co 600177 | ¥7.91 | ¥5.59 | -29% |
| Kontoor Brands, Inc KTB | $82.01 | $85.76 | +5% |
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Frequently asked questions
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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.
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