NSE: SPAL | BSE: 540048

Mid-range Performer

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782.85 2.00 (0.26%)

39,861 NSE+BSE Volume

NSE 28 Nov, 2025 3:31 PM (IST)

1,964.4

Market Cap

Below industry Median

Beta 1Year

Very High Volatility

S P Apparels Ltd. share price target and research reports

Name: Latest research reports of S P Apparels Ltd. authored by Edelweiss and published by - Trendlyne research reports.
Item: S P Apparels Ltd.
Rating: 5
Author: Edelweiss

Latest analyst research reports with target prices and PDF download for SPAL, BSE:540048 S P Apparels Ltd.

Search Inside the pdf :

S P Apparels Ltd.

19 Nov 2019

S.P. Apparels Ltd. - Result Update Q2FY20

Buy: S P Apparels Ltd.

Target

Edelweiss

Although SP Apparels (SPAL) has had strong revenue growth for seven quarters now, EBITDA has once again come below our already-muted estimates.

Number of FII/FPI investors decreased from 60 to 50 in Sep 2025 qtr

S P Apparels Ltd.

16 Aug 2019

S P Apparels Ltd - Result Update Q1FY20

Buy: S P Apparels Ltd.

Target

Edelweiss

Although SP Apparels (SPAL) continued with its strong revenue growth traction for 6 quarters now, EBITDA was impacted by one-offs and an inferior product mix.

Number of FII/FPI investors decreased from 60 to 50 in Sep 2025 qtr

S P Apparels Ltd.

27 May 2019

S P Apparels Ltd - Result Update Q4FY19

Buy: S P Apparels Ltd.

Target

Edelweiss

S P Apparels (SPAL) continued with its strong revenue growth traction as sales at INR 222 cr grew by 22% YoY and were above our estimates of ~18% growth.

S P Apparels Ltd. is trading above all available SMAs

S P Apparels Ltd.

18 Feb 2019

S.P. Apparels Ltd - Result Update Q3FY19

Buy: S P Apparels Ltd.

Edelweiss

SP Apparels (SPAL) had been reporting inline numbers from the last 4 quarters but has surprised positively by reporting a big beat in numbers for Q3FY19.

S P Apparels Ltd. is trading above all available SMAs

S P Apparels Ltd.

16 Nov 2018

S.P. Apparels Ltd | Q2FY19 Result Update

Buy: S P Apparels Ltd.

Target

Edelweiss

Sales at INR 191cr in Q2FY19 grew 15% from INR 166 Cr in Q1FY18 and this was exactly in line with our estimates.

Number of FII/FPI investors decreased from 60 to 50 in Sep 2025 qtr

S P Apparels Ltd.

04 Jun 2018

S. P. Apparels Ltd.| Q4FY18 Result Update

Buy: S P Apparels Ltd.

Edelweiss

SP Apparels Ltd (SPAL) had faced multiple headwinds over the last few quarters which has led to a subdued performance.

Number of FII/FPI investors decreased from 60 to 50 in Sep 2025 qtr

S P Apparels Ltd.

20 Feb 2018

SP Apparels Ltd - Result Update Q3FY18

Buy: S P Apparels Ltd.

Target

Edelweiss

SP Apparels Ltd (SPAL) had braved multiple headwinds such as Brexit, currency volatility, adverse raw material prices, GST and downward revision of duty drawback rates and outperformed peers in...

Number of FII/FPI investors decreased from 60 to 50 in Sep 2025 qtr

S P Apparels Ltd.

14 Dec 2017

SP Apparels Ltd - IPO

IPO Note: S P Apparels Ltd.

ICICI Securities Limited

We recently met the management of SP Apparels (SPAL) to understand the opportunities in the Indian garmenting sector and how SPAL is poised to capture the same. Established in 1989, SPAL is a leading manufacturer and exporter of knitted garments for infants and children in India. It mainly operates in two business verticals, including manufacturing, export of knitted garments for infants, children wear, which contributes ~90% and retailing, which contributes 10% of its overall revenues (as on H1FY18). SPAL has established expertise in 0-8 year kidswear segment...

Number of FII/FPI investors decreased from 60 to 50 in Sep 2025 qtr

S P Apparels Ltd.

17 Nov 2017

S P Apparels Ltd - Result Update Q2FY18

Buy: S P Apparels Ltd.

Target

Edelweiss

Inspite of multiple headwinds such as Brexit, currency volatility, adverse raw material prices, GST and downward revision of duty drawback rates, S.P.Apparels Ltd. (SPAL) still reported...

Number of FII/FPI investors decreased from 60 to 50 in Sep 2025 qtr

S P Apparels Ltd.

17 Aug 2017

S.P. Apparels Ltd - Result Update Q1FY18

Buy: S P Apparels Ltd.

Edelweiss

S.P.Apparels Ltd. (SPAL) reported a 5% revenue de-growth (adjusted for forex gains of INR 5.6 Cr) which was slightly below our expectations of a 2-3% growth, mainly due to currency...

Number of FII/FPI investors decreased from 60 to 50 in Sep 2025 qtr

Is S P Apparels Ltd. worth buying?

75 Votes:

Buy 81.33%

Sell 8.0%

Hold 10.67%