SP Apparels Ltd, founded in 1989 and headquartered near Tirupur, Tamil Nadu, is an end-to-end manufacturer and exporter of knitted garments. The company specializes in infant and children's wear and has recently expanded into adult apparel under the brand "Crocodile," positioning itself as India's largest manufacturer and exporter of infantwear.
The company operates with integrated production facilities in India, supplying high-quality apparel to global markets and serving renowned international brands with a focus on comfort and sustainability. As one of the leading manufacturers and exporters of knitted garments for infants and children in India, SP Apparels has a large network of factories and serves as a sourcing, manufacturing, and supply chain platform, driven by growth in the children's and kids' wear market.
SP Apparels Ltd currently has a market capitalization of ₹2,131.62 crore as of June 27, 2025. For the financial year 2025 (FY25), the company reported revenue of ₹1,395 crore and a net profit of ₹95.1 crore.
The company's financial performance shows a strong growth trajectory:
- FY25 Annual Performance: Net profit rose by 6.10% to ₹95.15 crore in FY25 compared to ₹89.68 crore in FY24, while sales increased by 28.30% to ₹1,395.13 crore in FY25 from ₹1,087.36 crore in FY24.
- Q4 FY25 Quarterly Results: Net profit increased by 6.78% to ₹30.41 crore in Q4 FY25 compared to ₹28.48 crore in Q4 FY24, with sales rising by 35.27% to ₹399.21 crore in Q4 FY25 from ₹295.13 crore in Q4 FY24. The company reported consolidated revenue growth of 35.9% year-on-year for the quarter.
- Market Capitalization: ₹2,131.62 crore (as of June 27, 2025)
- P/E Ratio: 22.40
- P/B Ratio: 2.82
- FY25 Revenue: ₹1,395.13 crore
- FY25 Net Profit: ₹95.15 crore
- Q4 FY25 Net Profit: ₹30.41 crore
- Q4 FY25 Sales: ₹399.21 crore
- Return on Equity (last 3 years): 11.9%
- Promoter Holding: 61.93% (as of March 2025)
- Debt-to-Equity Ratio: 1%
- Dividend Payout (last 3 years): 3.04% of profits
- Debtor Days: Increased from 52.1 to 65.6 days
SP Apparels has announced ambitious expansion plans to support its revenue targets.
- Capacity Expansion: The company plans to increase its machine capacity to 9,000 machines. This includes adding 2,000 machines in Sri Lanka and 1,000 machines in India, aiming for significant growth in overall production capacity. The company achieved a utilization rate of 85% in FY25, up from 76% in FY24.
- International Operations: SP Apparels is strategically expanding its operations in Sri Lanka, capitalizing on improved capacity utilization and skilled labor, while also managing the integration of recent acquisitions. The company is poised for significant growth, driven by the favorable UK-India Free Trade Agreement, which enhances its competitive edge in the textile market.
- Revenue Targets: Management remains optimistic about achieving revenue targets of ₹1,600 crore to ₹1,800 crore for FY26, supported by operational efficiencies and a focus on cash generation. The Young Brand Apparel segment is expected to contribute significantly to overall revenue, with a broader target of ₹2,000 crore revenue by FY27.
SP Apparels operates in the textile and apparel sector, specifically focusing on children's clothing, which positions it well in a niche market with significant growth potential.
- 52-week High: ₹1,133.10
- 52-week Low: ₹628
- Recent Performance (BSE):
- Last month: +23.47%
- Last 3 months: +17.09%
- Last 12 months: +50.62%
- Last 3 years: +178.10%
With its strong manufacturing capabilities, strategic expansion plans, and focus on international markets, SP Apparels continues to strengthen its position as a leading player in India's textile industry.
