
About S.P.Apparels Limited
Data last updated:
S.P.Apparels Limited is a public limited company based in Avinashi Tirupur District, Tamil Nadu, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 18 November 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN L18101TZ2005PLC012295. Its GSTIN is 32AAJCS4031P1Z6 (Kerala). The company holds 11 GST registrations, of which 3 are active. Its shares are listed on BSE: 540048 and NSE: SPAL.
The company has an authorised share capital of ₹47.25 Cr and a paid-up capital of ₹25.14 Cr. It is led by directors including Sundararajan Chenduran (Managing Director) and Sundararajan Perumal Mudaliar (Managing Director).
Its last annual general meeting (AGM) was held on 01 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 39 – A Extension Street Kaikattipudur, Avinashi Tirupur District, Tamil Nadu, India – 641654.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,578.64 Cr, a growth of 13.2% compared to the previous year. For the same year it recorded a net profit of ₹100.99 Cr (net margin 6.4%) and EBITDA of ₹211.45 Cr (EBITDA margin 13.4%). The net worth stands at ₹946.13 Cr (up 10.5% YoY). Total assets are valued at ₹1,374.59 Cr (up 10.3% YoY).
The company has about 1,515 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: SP Apparels. As per MCA filings, the company has open charges of ₹447.4 Cr and satisfied charges of ₹1,005.62 Cr on record. Court records list 115 cases involving the company, including 68 filed by the company and 42 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website s-p-apparels.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address39 – A Extension Street Kaikattipudur, Avinashi Tirupur District, Tamil Nadu, India – 641654
- IndustryFashion and Textile, Designer & Branded Fashion
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
CIN History of S.P.Apparels Limited
S.P.Apparels has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L18101TZ2005PLC012295, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L18101TZ2005PLC012295 | Current |
| U18101TZ2005PLC012295 | Previous |
| U18101TZ2005SGC012295 | Previous |
Associated Brands with S.P.Apparels Limited
S.P.Apparels operates one associated brand: SP Apparels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Knitted garments for children and men are manufactured and sold. | s-p-apparels.com |
Business Activity of S.P.Apparels Limited
The main business activities of S.P.Apparels are manufacturing and support service to organizations. In detail, this covers textile, leather and other apparel products and other support services to organizations. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of S.P.Apparels Limited
S.P.Apparels Limited is audited by A S A & ASSOCIATES LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A S A & ASSOCIATES LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of S.P.Apparels Limited
S.P.Apparels has 8 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sundararajan Latha Also directs: S.P Retail Ventures Limited, Young Brand Apparel Private Limited, Crocodile Products Private Limited and 1 more | Whole-Time Director | 18 Nov 2005 | 20 Years 10 Months | Current |
| Harihara Sharma Lakshmi Priya | Director | 02 Sep 2020 | 6 Years 1 Months | Current |
| Sundararajan Chenduran Also directs: Poornam Enterprises Private Limited, S.P Retail Ventures Limited, Young Brand Apparel Private Limited and 3 more | Managing Director | 30 Mar 2015 | 11 Years 6 Months | Current |
| Sundararajan Perumal Mudaliar Also directs: Poornam Enterprises Private Limited, S P Superfine Cotton Mills Private Limited, S.P Retail Ventures Limited and 3 more | Managing Director | 18 Nov 2005 | 20 Years 10 Months | Current |
| Chathamur Raman Rajagopal Also directs: S.P Retail Ventures Limited, Young Brand Apparel Private Limited, Young Brand Global Private Limited and 5 more | Director | 02 Sep 2020 | 6 Years 1 Months | Current |
| Sundararajan Shantha | Managing Director | 11 Aug 2022 | 4 Years 1 Months | Current |
Financials of S.P.Apparels Limited FY 2025-26 filings available
S.P.Apparels Limited reported revenue of ₹1,578.64 Cr (up 13.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,579 | 1,395 | 1,087 | 1,081 | 859 | 652 | 809 |
| Revenue growth | +13.2% | +28.3% | +0.6% | +25.8% | +31.8% | -19.4% | - |
| EBITDA | 211 | 188 | 158 | 145 | 152 | 104 | 73.41 |
| EBITDA margin | +13.4% | +13.5% | +14.5% | +13.5% | +17.7% | +16.0% | +9.1% |
| Profit before tax | 141 | 123 | 118 | 111 | 115 | 59.12 | 44.41 |
| Net profit | 101 | 94.28 | 82.14 | 82.37 | 84.78 | 43.31 | 55.03 |
| Net profit margin | +6.4% | +6.8% | +7.6% | +7.6% | +9.9% | +6.6% | +6.8% |
| EPS (₹) | 40.15 | 37.90 | 35.72 | 32.88 | 32.96 | 16.80 | 18.26 |
| Balance sheet | |||||||
| Total assets | 1,375 | 1,246 | 969 | 922 | 876 | 760 | 756 |
| Net worth | 946 | 856 | 764 | 674 | 638 | 558 | 523 |
| Total debt | 419 | 381 | 203 | 245 | 231 | 194 | 226 |
| Cash & bank | 58.90 | 41.29 | 79.25 | 64.39 | 59.50 | 41.18 | 46.30 |
| Net working capital | 520 | 557 | 408 | 347 | 412 | 313 | 312 |
| Cash flow | |||||||
| Cash from operations | 209 | 44.42 | 79.20 | 216 | 26.89 | 80.50 | 82.71 |
| Cash from investing | (189) | (170) | 6.21 | (160) | (29.34) | (20.79) | (38.88) |
| Cash from financing | (1.49) | 82.50 | (66.78) | (47.82) | 23.63 | (42.38) | (44.96) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 401 | 365 | 383 | 427 | 403 | 399 | 359 | 391 |
| Revenue growth (YoY) | -0.6% | -8.6% | +6.6% | +9.2% | +64.5% | - | - | - |
| Other income | 3.55 | 3.80 | 5.89 | 6.80 | 1.63 | 4.23 | 2.87 | 2.39 |
| EBITDA | 60.39 | 43.56 | 53.60 | 62.07 | 52.93 | 54.24 | 50.89 | 49.68 |
| EBITDA margin | +15.1% | +11.9% | +14.0% | +14.5% | +13.1% | +13.6% | +14.2% | +12.7% |
| Depreciation | 13.24 | 12.34 | 12.48 | 11.75 | 11.29 | 11.32 | 11.77 | 11.00 |
| Interest | 14.86 | 8.60 | 10.02 | 10.32 | 11.78 | 9.69 | 7.79 | 10.70 |
| Profit before tax | 35.84 | 26.42 | 36.99 | 46.80 | 31.49 | 37.46 | 34.20 | 30.37 |
| Tax | 10.98 | 7.84 | 9.99 | 12.10 | 10.12 | 7.07 | 10.04 | 8.45 |
| Net profit | 24.86 | 18.58 | 27.00 | 34.70 | 21.37 | 30.39 | 24.16 | 21.92 |
| EPS (₹) | 9.86 | 7.38 | 10.71 | 13.77 | 8.20 | 12.11 | 9.86 | 8.73 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,113 | 982 | 948 | 942 | 735 | 536 | 758 |
| Revenue growth | +13.4% | +3.5% | +0.6% | +28.2% | +37.1% | -29.3% | - |
| EBITDA | 181 | 161 | 168 | 152 | 146 | 96.26 | 71.16 |
| EBITDA margin | +16.3% | +16.5% | +17.7% | +16.1% | +19.9% | +18.0% | +9.4% |
| Profit before tax | 120 | 112 | 136 | 122 | 113 | 53.90 | 40.92 |
| Net profit | 87.88 | 82.65 | 96.06 | 91.66 | 83.27 | 38.85 | 52.01 |
| Net profit margin | +7.9% | +8.4% | +10.1% | +9.7% | +11.3% | +7.3% | +6.9% |
| EPS (₹) | 34.94 | 33.29 | 41.35 | 36.59 | 32.38 | 15.06 | 17.14 |
| Balance sheet | |||||||
| Total assets | 1,242 | 1,129 | 913 | 874 | 847 | 746 | 752 |
| Net worth | 939 | 860 | 779 | 675 | 630 | 552 | 522 |
| Total debt | 290 | 257 | 128 | 190 | 205 | 181 | 216 |
| Cash & bank | 53.96 | 30.48 | 60.13 | 51.31 | 56.01 | 31.71 | 40.89 |
| Net working capital | 361 | 363 | 300 | 256 | 350 | 293 | 308 |
| Cash flow | |||||||
| Cash from operations | 169 | 43.32 | 97.76 | 227 | 51.90 | 79.40 | 86.93 |
| Cash from investing | (147) | (183) | (4.14) | (156) | (35.24) | (20.74) | (38.89) |
| Cash from financing | 1.51 | 110 | (81.02) | (73.16) | 11.14 | (45.37) | (49.62) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 275 | 252 | 264 | 308 | 290 | 278 | 234 | 256 |
| Revenue growth (YoY) | -5.0% | -9.5% | +13.2% | +20.2% | +35.3% | - | - | - |
| Other income | 1.26 | 1.00 | 2.73 | 1.75 | 1.29 | 2.86 | 0.85 | 1.19 |
| Total expenses | 228 | 208 | 224 | 254 | 245 | 232 | 195 | 216 |
| EBITDA | 46.77 | 43.13 | 40.05 | 53.62 | 44.54 | 45.84 | 38.80 | 40.05 |
| EBITDA margin | +17.0% | +17.1% | +15.1% | +17.4% | +15.4% | +16.5% | +16.6% | +15.6% |
| Depreciation | 10.60 | 10.72 | 10.89 | 9.93 | 9.53 | 9.34 | 9.47 | 9.33 |
| Interest | 2.42 | 5.71 | 6.41 | 8.08 | 7.21 | 6.10 | 3.95 | 6.82 |
| Profit before tax | 35.01 | 27.70 | 25.48 | 37.36 | 29.09 | 33.26 | 26.23 | 25.09 |
| Tax | 8.47 | 6.35 | 6.17 | 10.06 | 9.21 | 8.52 | 8.23 | 7.06 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 401 | 365 | 383 | 427 | 403 | 399 | 359 | 391 |
| Revenue growth (YoY) | -0.6% | -8.6% | +6.6% | +9.2% | +64.5% | - | - | - |
| Other income | 3.55 | 3.80 | 5.89 | 6.80 | 1.63 | 4.23 | 2.87 | 2.39 |
| EBITDA | 60.39 | 43.56 | 53.60 | 62.07 | 52.93 | 54.24 | 50.89 | 49.68 |
| EBITDA margin | +15.1% | +11.9% | +14.0% | +14.5% | +13.1% | +13.6% | +14.2% | +12.7% |
| Depreciation | 13.24 | 12.34 | 12.48 | 11.75 | 11.29 | 11.32 | 11.77 | 11.00 |
| Interest | 14.86 | 8.60 | 10.02 | 10.32 | 11.78 | 9.69 | 7.79 | 10.70 |
| Profit before tax | 35.84 | 26.42 | 36.99 | 46.80 | 31.49 | 37.46 | 34.20 | 30.37 |
| Tax | 10.98 | 7.84 | 9.99 | 12.10 | 10.12 | 7.07 | 10.04 | 8.45 |
| Net profit | 24.86 | 18.58 | 27.00 | 34.70 | 21.37 | 30.39 | 24.16 | 21.92 |
| EPS (₹) | 9.86 | 7.38 | 10.71 | 13.77 | 8.20 | 12.11 | 9.86 | 8.73 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,579 | 1,395 | 1,087 | 1,081 | 859 | 652 | 809 |
| Revenue growth | +13.2% | +28.3% | +0.6% | +25.8% | +31.8% | -19.4% | - |
| Other income | 18.12 | 12.19 | 16.32 | 20.04 | 9.50 | 1.38 | 23.71 |
| Total expenses | 1,367 | 1,207 | 930 | 935 | 708 | 548 | 736 |
| Employee cost | 399 | 346 | 261 | 239 | 190 | 149 | 196 |
| EBITDA | 211 | 188 | 158 | 145 | 152 | 104 | 73.41 |
| EBITDA margin | +13.4% | +13.5% | +14.5% | +13.5% | +17.7% | +16.0% | +9.1% |
| Depreciation | 47.86 | 43.30 | 37.75 | 36.15 | 34.59 | 32.31 | 29.93 |
| Interest | 40.72 | 33.49 | 18.70 | 18.62 | 11.85 | 14.28 | 22.78 |
| Profit before tax | 141 | 123 | 118 | 111 | 115 | 59.12 | 44.41 |
| Tax | 40.05 | 28.12 | 28.02 | 28.26 | 30.10 | 15.97 | (2.51) |
| Net profit | 101 | 94.28 | 82.14 | 82.37 | 84.78 | 43.31 | 55.03 |
| Net profit margin | +6.4% | +6.8% | +7.6% | +7.6% | +9.9% | +6.6% | +6.8% |
| EPS (₹) | 40.15 | 37.90 | 35.72 | 32.88 | 32.96 | 16.80 | 18.26 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 25.14 | 25.09 | 25.09 | 25.09 | 25.69 | 25.69 | 25.69 |
| Reserves & surplus | 921 | 831 | 739 | 649 | 612 | 533 | 498 |
| Shareholders' funds (net worth) | 946 | 856 | 764 | 674 | 638 | 558 | 523 |
| Minority interest | (6.50) | (6.39) | (6.44) | (6.50) | (6.53) | (6.45) | (6.42) |
| Secured loans | 382 | 347 | 174 | 206 | 180 | 145 | 214 |
| Unsecured loans | 37.46 | 34.24 | 29.80 | 38.61 | 51.44 | 48.85 | 11.92 |
| Total debt | 419 | 381 | 203 | 245 | 231 | 194 | 226 |
| Total liabilities | 1,375 | 1,246 | 969 | 922 | 876 | 760 | 756 |
| Assets | |||||||
| Gross block | 1,212 | 1,076 | 837 | 807 | 766 | 728 | 697 |
| Net block | 686 | 595 | 454 | 459 | 450 | 444 | 444 |
| Capital work in progress | 3.87 | 30.56 | 18.75 | 10.20 | 7.75 | 10.24 | 0.00 |
| Investments | 57.94 | 9.80 | 51.47 | 113 | 2.81 | 0.19 | 0.19 |
| Inventories | 310 | 371 | 265 | 297 | 332 | 241 | 228 |
| Sundry debtors | 253 | 251 | 165 | 105 | 116 | 117 | 94.04 |
| Cash & bank balances | 58.90 | 41.29 | 79.25 | 64.39 | 59.50 | 41.18 | 46.30 |
| Loans & advances | 92.29 | 78.51 | 41.46 | 26.68 | 57.23 | 36.51 | 60.43 |
| Total current assets | 715 | 741 | 551 | 493 | 564 | 436 | 429 |
| Total current liabilities | 195 | 185 | 143 | 145 | 152 | 122 | 116 |
| Net working capital | 520 | 557 | 408 | 347 | 412 | 313 | 312 |
| Total assets | 1,375 | 1,246 | 969 | 922 | 876 | 760 | 756 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 35.28 | 78.80 | 60.16 | 51.91 | 30.73 | 13.39 | 14.51 |
| Net cash from operating activities | 209 | 44.42 | 79.20 | 216 | 26.89 | 80.50 | 82.71 |
| Net cash from investing activities | (189) | (170) | 6.21 | (160) | (29.34) | (20.79) | (38.88) |
| Net cash from financing activities | (1.49) | 82.50 | (66.78) | (47.82) | 23.63 | (42.38) | (44.96) |
| Net change in cash | 18.46 | (43.52) | 18.63 | 8.26 | 21.18 | 17.34 | (1.13) |
| Closing cash | 58.90 | 41.29 | 79.25 | 64.39 | 59.50 | 41.18 | 46.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +13.2% | +28.3% | +0.6% | +25.8% | +31.8% | -19.4% | - |
| EBITDA growth | +12.6% | +19.0% | +8.4% | -4.1% | +45.4% | +42.1% | - |
| PBT growth | +14.4% | +4.7% | +6.2% | -3.5% | +94.2% | +33.1% | -59.4% |
| Net income growth | +7.1% | +14.8% | -0.3% | -2.8% | +95.8% | -21.3% | - |
| Revenue CAGR (3Y) | +13.5% | +17.5% | +18.6% | +10.1% | +1.3% | -0.5% | +8.5% |
| EBITDA CAGR (3Y) | +13.3% | +7.4% | +14.8% | +25.6% | +4.3% | -0.5% | -10.8% |
| Profitability & leverage | |||||||
| Net income margin | +6.4% | +6.8% | +8.2% | +7.6% | +9.9% | +6.6% | +5.8% |
| Return on capital employed | +13.8% | +14.1% | +14.3% | +14.3% | +15.4% | +9.6% | +10.6% |
| Return on net worth | +11.2% | +11.7% | +12.5% | +12.6% | +14.2% | +8.0% | +10.9% |
| Debt / equity | 0.44 | 0.36 | 0.31 | 0.36 | 0.36 | 0.39 | 0.43 |
| Long-term debt / equity | 0.07 | 0.06 | 0.05 | 0.08 | 0.10 | 0.11 | 0.09 |
| Interest cover | 24.89 | 23.17 | 15.58 | 17.03 | 10.12 | 19.83 | 52.39 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.38 | 1.46 | 1.32 | 1.37 | 1.15 | 0.92 | 1.31 |
| Inventory turnover | 4.64 | 4.39 | 3.87 | 3.44 | 3.00 | 2.78 | 3.40 |
| Debtors turnover | 6.27 | 6.71 | 8.06 | 9.81 | 7.40 | 6.19 | 7.27 |
| EPS (₹) | 40.15 | 37.90 | 35.72 | 32.88 | 32.96 | 16.80 | 18.26 |
| Dividend per share (₹) | 3.00 | 0.00 | 0.00 | 3.00 | 0.00 | 2.25 | 0.00 |
| Book value per share (₹) | 376.36 | 341.27 | 304.32 | 268.45 | 248.23 | 217.33 | 203.64 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 275 | 252 | 264 | 308 | 290 | 278 | 234 | 256 |
| Revenue growth (YoY) | -5.0% | -9.5% | +13.2% | +20.2% | +35.3% | - | - | - |
| Other income | 1.26 | 1.00 | 2.73 | 1.75 | 1.29 | 2.86 | 0.85 | 1.19 |
| Total expenses | 228 | 208 | 224 | 254 | 245 | 232 | 195 | 216 |
| EBITDA | 46.77 | 43.13 | 40.05 | 53.62 | 44.54 | 45.84 | 38.80 | 40.05 |
| EBITDA margin | +17.0% | +17.1% | +15.1% | +17.4% | +15.4% | +16.5% | +16.6% | +15.6% |
| Depreciation | 10.60 | 10.72 | 10.89 | 9.93 | 9.53 | 9.34 | 9.47 | 9.33 |
| Interest | 2.42 | 5.71 | 6.41 | 8.08 | 7.21 | 6.10 | 3.95 | 6.82 |
| Profit before tax | 35.01 | 27.70 | 25.48 | 37.36 | 29.09 | 33.26 | 26.23 | 25.09 |
| Tax | 8.47 | 6.35 | 6.17 | 10.06 | 9.21 | 8.52 | 8.23 | 7.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,113 | 982 | 948 | 942 | 735 | 536 | 758 |
| Revenue growth | +13.4% | +3.5% | +0.6% | +28.2% | +37.1% | -29.3% | - |
| Other income | 6.77 | 7.38 | 15.66 | 19.82 | 9.37 | 1.12 | 23.81 |
| Total expenses | 932 | 820 | 780 | 791 | 589 | 440 | 687 |
| Employee cost | 311 | 275 | 242 | 224 | 186 | 142 | 195 |
| EBITDA | 181 | 161 | 168 | 152 | 146 | 96.26 | 71.16 |
| EBITDA margin | +16.3% | +16.5% | +17.7% | +16.1% | +19.9% | +18.0% | +9.4% |
| Depreciation | 41.07 | 37.12 | 35.06 | 33.75 | 32.41 | 30.41 | 31.63 |
| Interest | 27.42 | 19.98 | 13.11 | 15.62 | 10.60 | 13.07 | 22.42 |
| Profit before tax | 120 | 112 | 136 | 122 | 113 | 53.90 | 40.92 |
| Tax | 31.79 | 28.22 | 31.93 | 30.47 | 29.35 | 15.21 | (3.12) |
| Net profit | 87.88 | 82.65 | 96.06 | 91.66 | 83.27 | 38.85 | 52.01 |
| Net profit margin | +7.9% | +8.4% | +10.1% | +9.7% | +11.3% | +7.3% | +6.9% |
| EPS (₹) | 34.94 | 33.29 | 41.35 | 36.59 | 32.38 | 15.06 | 17.14 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 25.14 | 25.09 | 25.09 | 25.09 | 25.69 | 25.69 | 25.69 |
| Reserves & surplus | 914 | 835 | 754 | 650 | 604 | 526 | 496 |
| Shareholders' funds (net worth) | 939 | 860 | 779 | 675 | 630 | 552 | 522 |
| Secured loans | 271 | 235 | 102 | 162 | 173 | 134 | 207 |
| Unsecured loans | 18.81 | 22.37 | 25.57 | 28.49 | 31.32 | 46.35 | 9.41 |
| Total debt | 290 | 257 | 128 | 190 | 205 | 181 | 216 |
| Total liabilities | 1,242 | 1,129 | 913 | 874 | 847 | 746 | 752 |
| Assets | |||||||
| Gross block | 973 | 842 | 793 | 766 | 727 | 730 | 699 |
| Net block | 542 | 449 | 434 | 439 | 434 | 438 | 440 |
| Capital work in progress | 3.83 | 30.56 | 18.75 | 10.20 | 7.75 | 10.24 | 0.00 |
| Investments | 242 | 224 | 114 | 175 | 10.86 | 8.14 | 8.14 |
| Inventories | 239 | 289 | 215 | 237 | 296 | 241 | 228 |
| Sundry debtors | 113 | 104 | 84.11 | 42.32 | 61.92 | 86.74 | 85.72 |
| Cash & bank balances | 53.96 | 30.48 | 60.13 | 51.31 | 56.01 | 31.71 | 40.89 |
| Loans & advances | 52.92 | 44.12 | 36.06 | 21.93 | 54.60 | 36.26 | 60.30 |
| Total current assets | 459 | 467 | 395 | 353 | 468 | 396 | 414 |
| Total current liabilities | 98.06 | 105 | 94.92 | 96.47 | 118 | 103 | 107 |
| Net working capital | 361 | 363 | 300 | 256 | 350 | 293 | 308 |
| Total assets | 1,242 | 1,129 | 913 | 874 | 847 | 746 | 752 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 29.70 | 59.67 | 47.08 | 49.10 | 21.29 | 8.01 | 9.59 |
| Net cash from operating activities | 169 | 43.32 | 97.76 | 227 | 51.90 | 79.40 | 86.93 |
| Net cash from investing activities | (147) | (183) | (4.14) | (156) | (35.24) | (20.74) | (38.89) |
| Net cash from financing activities | 1.51 | 110 | (81.02) | (73.16) | 11.14 | (45.37) | (49.62) |
| Net change in cash | 23.18 | (29.98) | 12.59 | (2.02) | 27.80 | 13.29 | (1.58) |
| Closing cash | 53.96 | 30.48 | 60.13 | 51.31 | 56.01 | 31.71 | 40.89 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +13.4% | +3.5% | +0.6% | +28.2% | +37.1% | -29.3% | - |
| EBITDA growth | +12.3% | -4.0% | +10.8% | +3.9% | +51.9% | +35.3% | - |
| PBT growth | +7.1% | -17.7% | +11.0% | +8.7% | +108.8% | +31.7% | -60.9% |
| Net income growth | +6.3% | -14.0% | +4.8% | +10.1% | +114.3% | -25.3% | - |
| Revenue CAGR (3Y) | +5.7% | +10.1% | +21.0% | +7.5% | -1.9% | -5.1% | +6.9% |
| EBITDA CAGR (3Y) | +6.1% | +3.4% | +20.5% | +28.7% | +3.8% | -2.5% | -11.1% |
| Profitability & leverage | |||||||
| Net income margin | +7.9% | +8.5% | +10.9% | +9.7% | +11.3% | +7.2% | +5.8% |
| Return on capital employed | +12.4% | +12.9% | +16.7% | +16.0% | +15.5% | +8.9% | +10.2% |
| Return on net worth | +9.8% | +10.2% | +14.3% | +14.1% | +14.1% | +7.2% | +10.3% |
| Debt / equity | 0.30 | 0.23 | 0.22 | 0.30 | 0.33 | 0.37 | 0.42 |
| Long-term debt / equity | 0.06 | 0.04 | 0.04 | 0.08 | 0.10 | 0.10 | 0.08 |
| Interest cover | 19.55 | 16.07 | 9.85 | 13.23 | 9.32 | 19.85 | 56.72 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.23 | 1.20 | 1.22 | 1.26 | 1.01 | 0.75 | 1.22 |
| Inventory turnover | 4.22 | 3.90 | 4.20 | 3.54 | 2.74 | 2.29 | 3.19 |
| Debtors turnover | 10.26 | 10.43 | 15.00 | 18.08 | 9.89 | 6.22 | 7.35 |
| EPS (₹) | 34.94 | 33.29 | 41.35 | 36.59 | 32.38 | 15.06 | 17.14 |
| Dividend per share (₹) | 3.00 | 0.00 | 0.00 | 3.00 | 0.00 | 2.25 | 0.00 |
| Book value per share (₹) | 373.70 | 342.63 | 310.45 | 269.03 | 245.25 | 214.90 | 203.18 |
Shareholding Pattern of S.P.Apparels Limited
Shareholding for the quarter ended Sep 2026: promoters hold 61.80%, foreign institutional investors hold 1.50%, domestic institutional investors hold 16.10% and retail and other public shareholders hold 20.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 61.80% | 61.80% | 61.90% | 61.90% |
| Public | 38.20% | 38.20% | 38.10% | 38.10% |
Group Structure of S.P.Apparels Limited
S.P.Apparels has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| S.P Retail Ventures Limited | U17290TZ2021PLC036832 | - |
| Crocodile Products Private Limited | U18101TZ1998PTC008439 | - |
Showing major subsidiaries. Total: 2.
Charges & Borrowings of S.P.Apparels Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 May 2026 | Hdfc Bank Limited | ₹7.4 Cr | Open |
| 14 May 2024 | Hdfc Bank Limited | ₹60 Cr | Open |
| 29 Jan 2020 | The Hongkong and Shanghai Banking Corporation Limited | ₹6 Cr | Open |
| 31 Mar 2017 | State Bank of India | ₹374 Cr | Open |
| 05 Mar 2021 | Idbi Bank Limited | ₹2.73 Cr | Satisfied |
Total charge records: 44 View all charges
Employees and EPFO Compliance at S.P.Apparels Limited
S.P.Apparels Limited has a workforce of 1,515 employees as of Apr 10, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of S.P.Apparels Limited
S.P.Apparels has 11 GST registrations: 3 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAJCS4031P1Z6 | Kerala | Active | 01 Jul 2017 |
| 33AAJCS4031P1Z4 | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAJCS4031P2Z3 | Tamil Nadu | Active | 18 Aug 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Legal Cases of S.P.Apparels Limited
S.P.Apparels Limited has 115 court cases on record: 68 filed by S.P.Apparels, 42 filed against it, 5 where it is another party. 5 cases are pending and 110 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 75 | 14 | 3 |
| District courts | 40 | 28 | 2 |
Cases on record (5 of 115)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Civil suit | Filed by the company against Lardums Electricals Private Limited | Disposed |
| District court, Coimbatore, Tamil Nadu | Petition | Filed by the company against Axis Bank Limited | Disposed |
| Madras High Court | Appeal | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| Madras High Court | Court case (TCA) | Filed against the company by Principal Commissioner of | Pending |
Full case history
All 115 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit Ratings, Litigation & Regulatory Alerts for S.P.Apparels Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by S.P.Apparels Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of S.P.Apparels Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of S.P.Apparels Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on S.P.Apparels Limited
Recent News on S.P.Apparels Limited
Frequently Asked Questions about S.P.Apparels Limited
S.P.Apparels is an active public limited company based in Avinashi Tirupur District, Tamil Nadu, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 18 November 2005 (21+ years old) and is registered under CIN L18101TZ2005PLC012295. Listed on BSE: 540048 and NSE: SPAL.
S.P.Apparels reported revenue of ₹1,578.64 Cr for FY 2025-26 (up 13.2% YoY) based on consolidated financials.
S.P.Apparels has 8 current directors:
- Sundararajan Chenduran - Managing Director
- Sundararajan Perumal Mudaliar - Managing Director
- Sundararajan Shantha - Managing Director
- Sundararajan Latha - Whole-Time Director
- Harihara Sharma Lakshmi Priya - Director
- Chathamur Raman Rajagopal - Director
- Srinivas Chidambaram - Additional Director
- Ravishankar Balaraman - Director
The GSTIN of S.P.Apparels is 32AAJCS4031P1Z6, registered in Kerala. The company has 11 GST registrations in all, of which 3 are active and 8 are cancelled or inactive. Other active GSTINs include 33AAJCS4031P1Z4 (Tamil Nadu), 33AAJCS4031P2Z3 (Tamil Nadu).
The CIN (Corporate Identification Number) of S.P.Apparels is L18101TZ2005PLC012295. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. S.P.Apparels is listed on both BSE (code: 540048) and NSE (symbol: SPAL).
S.P.Apparels has 115 court cases on record: 68 filed by the company and 42 filed against it. 5 are pending. Most are in the high courts.
S.P.Apparels was incorporated on 18 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Coimbatore.
S.P.Apparels can be reached through the website s-p-apparels.com. Its registered office is in Avinashi Tirupur District, Tamil Nadu, India.