S. P. Apparels Ltd
NSE:SPAL

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S. P. Apparels Ltd
NSE:SPAL
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Price: 811.05 INR 0.94% Market Closed
Market Cap: ₹20.4B

P/E

18.1
Current
9%
More Expensive
vs 3-y average of 16.5

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
18.1
=
Market Cap
₹17.6B
/
Net Income
₹1.1B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
18.1
=
Market Cap
₹17.6B
/
Net Income
₹1.1B

Valuation Scenarios

S. P. Apparels Ltd is trading above its 3-year average

If P/E returns to its 3-Year Average (16.5), the stock would be worth ₹743.24 (8% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-13%
Maximum Upside
+59%
Average Upside
22%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 18.1 ₹811.05
0%
3-Year Average 16.5 ₹743.24
-8%
5-Year Average 15.7 ₹704.6
-13%
Industry Average 27.4 ₹1 232.92
+52%
Country Average 28.7 ₹1 289.79
+59%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
₹17.6B
/
Jan 2026
₹1.1B
=
18.1
Current
₹17.6B
/
Mar 2026
₹1.1B
=
15.5
Forward
₹17.6B
/
Mar 2027
₹1.4B
=
12.5
Forward
₹17.6B
/
Mar 2028
₹1.7B
=
10.3
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Peer Comparison

All Countries
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Market Distribution

Lower than 72% of companies in India
Percentile
28th
Based on 3 123 companies
28th percentile
18.1
Low
0 — 18.9
Typical Range
18.9 — 44.4
High
44.4 —
Distribution Statistics
India
Min 0
30th Percentile 18.9
Median 28.7
70th Percentile 44.4
Max 877 228.1

S. P. Apparels Ltd
Glance View

S.P.Apparels Ltd. engages in the manufacture, sale, and trade of knitted garments. The company is headquartered in Tiruppur, Tamil Nadu. The company went IPO on 2016-08-12. The firm operates approximately 21 factories. The firm delivers products to its customers by vertically integrated manufacturing with a real-time system, control mechanism and lean manufacturing setup. Its products deliver end-to-end garment manufacturing services from greige fabric to finished products. The Companies subsidiaries include Crocodile Products Private Limited and S.P. Apparels (UK) (P) Limited. Crocodile Products Private Limited is engaged in the business of, inter alia, establishing and managing units to manufacture, trade, deal, import and export garments, and manufacturing, distribution and marketing of menswear products under the trademark Crocodile in India. S.P. Apparels (UK) (P) Limited is engaged in trading activities with new customers in the United Kingdom, Ireland and other European countries.

SPAL Intrinsic Value
699.57 INR
Overvaluation 14%
Intrinsic Value
Price ₹811.05
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