SP Apparels
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
SP Apparels is poised for stable growth, supported by management's focus on expanding manufacturing capabilities and a favorable export environment. Recent commentary highlights a strategic emphasis on compliance and workforce empowerment, which are critical for enhancing operational efficiency and meeting international standards. This aligns with Vista's forecast of consistent revenue growth and stable margins, as the company capitalizes on improving demand in the US market and favorable trade agreements. The textile industry is currently experiencing an expansion phase, characterized by moderate margins and competitive pricing pressures, which SP Apparels is navigating effectively. The macroeconomic backdrop in India, marked by robust manufacturing activity and contained inflation, further supports a positive outlook. Over the next 12-24 months, key opportunities include leveraging export growth and enhancing product offerings, while watchpoints include maintaining compliance and managing competitive pressures. Overall, Vista's expected upside of approximately 0.14% reflects a fair valuation, with a 12-month target price of ₹1219.15, indicating a stable investment outlook for SP Apparels
Why We Like This Stock
- Management's focus on expanding manufacturing capabilities and compliance enhances operational efficiency
- Improved US demand and favorable trade agreements are expected to drive revenue growth
- The macroeconomic environment in India supports robust manufacturing activity and stable inflation
Things To Watch Out For
- Competitive pricing pressures may challenge margin expansion
- Maintaining compliance with international standards is critical for export growth
- Fluctuations in crude oil prices could impact operational costs
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,087 | 1,395 | 1,579 | 1,636 | 1,838 |
| Profit Before Tax (Cr.) | 108 | 122 | 141 | 155 | 173 |
| PBT Margin | 9.9% | 8.8% | 893.0% | 9.5% | 9.4% |
| Net Profit (Cr.) | 80 | 87 | 100 | 110 | 123 |
| Earnings Per Share | 31.8 | 34.7 | 39.8 | 43.9 | 49.0 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Moneycontrol | ▲ Overweight | — | 08-Jun-2026 |
Company Overview
Show Company Profile
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.