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As of 6 Nov 2026, SPL Industries trades at 10.0× trailing earnings, below the industry P/E of 17.2×, and the shares are 36% below their 52-week high. Its ROCE of 3.0% is the second-lowest among the 7 largest Apparel Manufacturing peers, and sales and net profit fell 37% and 33% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. The company has almost no debt. It is a small-cap company with a market cap of ₹83 Cr, ranked 33rd of 61 Apparel Manufacturing companies by market cap; the shares fell 30% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹28.90
Day high
₹29.00
Day low
₹27.80
Prev. close
₹28.03
Volume
3.9K

Health check

1 good · 4 to check
  • ReturnsBehind

    −30.3% over a year, better than 1 of 7 peers.

  • Price tagDistorted

    A one-off gain inflates profit, so P/E isn’t comparable right now.

  • GrowthShrinking

    Sales −37.4%, profit −33.3% a year over 3 years.

  • ProfitabilityWeak

    ROCE 3.0% vs peer median 20.1%.

  • Balance sheetSolid

    Practically debt-free.

  • Red flags4 to check

    Return on equity is low at 3.3%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Apparel Manufacturing

60 listed peers. Screen the industry

Small cap

₹83 Cr, #33 of 61 in its industry by size.

Defensive

Beta 0.79 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹72 Cr · profit ₹8 Cr
Market cap
₹83 Cr
Small cap
P/E
10.0
Industry 17.2
Price to book
0.38
Peers 5.48
Dividend yield
0.00%
ROE
3.3%
Peers 20.0%
ROCE
3.0%
Peers 20.1%
Debt to equity
0.00
Debt ₹0.00 Cr
EPS (TTM)
₹2.85
Face value ₹10
OPM (TTM)
−9.8%
Net margin 11.5%
Sales growth
+16.6%
Latest quarter vs a year ago
Profit growth
+133.4%
Latest quarter vs a year ago
Price to sales
1.15
EV/EBITDA −0.9

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly profit up 133.4% on a year ago.
  • Quarterly sales up 16.6% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 3.3%.
  • Net profit is above operating profit, so a one-off gain is likely flattering earnings.
  • 36% below its 52-week high.
  • Interest coverage of only −16.8×.

Derived automatically from reported figures. Not a recommendation.

About SPL Industries

SPL Industries Limited designs, manufactures, and sells knitted fabrics and garments in India and internationally. The company operates in two segments, Manufacturing Cotton Knitted Garments and Made Ups and Processing Charges, and Trading of Garments. It offers various outerwear, including t-shirts, sweatshirts, polo shirts, and others; and fabrics, such as single and double jersey jacquards, interlocks, flat backs, auto stripe fleeces, waffles, and…

Headquarters
Faridabad
Employees
257
Sector
Consumer Cyclical
ISIN
INE978G01016
Website
spllimited.com

Price range

52 weeks

₹20.20₹44.44

Today

₹27.80₹29.00
Avg volume (3M)
7.8K
1-year return
minus 30.3%
From 52-week high
minus 36.1%

Peers · Apparel Manufacturing

Compare with peersScreen the whole industry
Company
PAGEINDPage Industries35,930.00plus 1.15%40,07653.026.6761.5%52.5%21.4%3.8%10.2%2.23%minus 11.5%
PGILPearl Global Industries1,338.800.00%12,36839.98.4620.1%21.2%9.0%17.5%23.0%0.54%plus 105.8%
MANYAVARVedant Fashions472.80minus 6.51%11,48829.85.4822.3%20.0%44.0%1.9%−4.3%1.64%minus 21.6%
GOKEXGokaldas Exports682.95minus 7.32%5,00437.82.328.9%4.7%8.2%20.9%−16.7%0.00%minus 14.5%
ABFRLAditya Birla Fashion and Retail39.02minus 6.61%4,748–0.91−3.2%−12.3%8.9%−13.0%–0.00%minus 50.3%
LUXINDLux Industries1,162.40plus 0.41%3,49634.11.869.3%5.9%6.4%7.2%−9.9%0.17%minus 7.5%
SBCSBC Exports68.70plus 2.86%3,27180.832.4836.4%41.5%8.7%27.2%54.1%0.00%plus 176.0%
SPLILSPL Industries28.40plus 1.32%8310.00.383.0%3.3%−9.8%−37.4%−33.3%0.00%minus 30.3%
Median of 7 peers–0.00%5,00438.95.4820.1%20.0%8.9%7.2%2.9%0.17%−11.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
16.61514.723.319.4
18.317.318.823.319.9
−1.6−2.4−4.1−0.1−0.5
−9.8%−15.7%−28.2%−0.2%−2.8%
3.73.16.65.84.2
0.20.21.20.20.2
0.70.70.81.10.9
1.2−0.10.54.42.5
26.3%−168.7%−390.6%10.9%15.3%
0.9−0.22.442.1
0.31-0.070.821.370.73

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−37.4%
Profit CAGR 3Y
−33.3%
EPS CAGR 3Y
−33.4%
ROE
3.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
26919913266
–minus 26.0%minus 33.6%minus 50.1%
24518912874.2
24.19.93.9−8.2
9.0%5.0%2.9%−12.4%
11.911.69.417
0.92.31.60.5
2.83.133.3
−0.3−04.31.1
32.116.1136.1
25.7%27.0%24.4%−15.8%
23.811.89.87.1
–minus 50.7%minus 16.7%minus 27.9%
8.224.053.382.43

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
29292929
158170180187
10.70–0
11913.219
209208222235
48.841.939.842.6
11.3–––
66.97558.719.4
32.724.267.675.9
49.367.15697.1
209208222235

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
147.113.914.4
−25.83.8−14.1−14.2
4.8−10.7−0−0
−70.2−0.20.2
−13.7−2.9−0.5−57.9
0.34.313.4−43.4

Shareholding pattern

Source: NSE filings
74.8%
promoters
  • Promoters74.85%
  • Public25.15%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202674.85%25.15%0.00
30 Jun 202674.85%25.15%0.00
31 Mar 202674.85%25.15%minus 0.03
31 Dec 202574.88%25.12%minus 0.09
30 Sep 202574.97%25.03%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you