S.P. Apparels Ltd.
Snapshot View

326.35 -6.40 ▼-1.9%

05 August 2021, 04:00:00 P.M.
Volume: 7,386

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile Compare with Industry peers
Website http://www.spapparels.com
Financial Indicators
Market Cap 854.92 Cr.
Earnings per share (EPS) 16.80 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 19.80 Trailing Twelve Months Ending 2021-03
Industry PE 23.94 Trailing Twelve Months Ending 2021-03
Book Value / Share 217.33 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.53 Calculated using Price: 332.75
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 2.57 Cr. 25,692,600 Shares
FaceValue 10
Company Profile

The company was incorporated in Avinashi, Tamil Nadu, a public limited company under Part IX of the Companies Act, 1956, pursuant to a certificate of incorporation dated November 18, 2005 issued by the Registrar of Companies, Tamil Nadu located at Coimbatore. They are the leading manufacturer and exporter of knitted garments for infants and children in India. These are manufactured at our integrated facilities that allow them to provide end-to-end garment manufacturing services from greige fabric to finished products. They also manufacture and retail menswear garments in India under the brand ‘Crocodile’. They believe their core competency lies in their clear understanding of the specifications of knitted garments in the infants and children category, the buying preferences of their customers and their ability to deliver products of a consistent high quality that meet the product specifications and stringent compliance requirements of their international customers. The company have long-standing relationship with their major customers has been one of the most significant factors contributing to their growth.

SP Apparels operates 21 manufacturing facilities in and around the region of Avinashi in Tamil Nadu. Company has 4,874 sewing machines, eight cutting machines, 79 embroidery machines, 17 printing machines, 16,896 spindles and 22 dyeing machines.

Business area of the company

They also manufacture a broad range of menswear garments consisting of shirts, polo shirts, t-shirts, trousers, jeans, sweaters, jackets and men's innerwear consisting of vests, briefs, boxer shorts and socks under the brand 'Crocodile' which is subsidiaries through an agreement with Crocodile International Pte Limited, Singapore. They mainly export their products to United Kingdom. During financial year16, the company exported approximately 35.98 million pieces of knitted garments for infants and children directly to its international customers, including TESCO and Primark.

Major events and milestones:

  • 1989: Started export operations as a partnership firm.
  • 1998: Set-up our own manufacturing facility at Neelambur.
  • 2001: Commissioning of the first wind energy generator.
  • 2003: Set-up first in-house embroidery facility at Thekkalur.
  • 2004: Set-up our flagship factory at Avinashi with full garment conversion process (from cutting to packing).
  • 2005: Conversion of the partnership firm to our Company.
  • 2005:Set-up first in-house printing facility at Avinashi.
  • 2005: Commissioning of our own dyeing plant at SIPCOT, Perundurai.
  • 2006: Investment by NYLIM India Fund II in our Company pursuant to the SSSA.
  • 2006: Acquisition of majority shareholding in CPPL pursuant to a share transfer agreement dated May 24, 2006 and a memorandum of understanding dated May 24,
  • 2006 executed among CIPL, CPPL, our Company and Shivarams Associates Private Limited.
  • 2006: Addenda to the Technology License Agreement dated May 16, 2006 executed by our Subsidiary, CPPL with Crocodile International Pte Limited in 1996, for the use of the ‘Crocodile’ brand.
  • 2007: Acquisition of the ‘Natalia’ brand pursuant to an agreement dated February 20, 2007.
  • 2007: Amalgamation of S.P. TexFab Private Limited with our Company pursuant to a Scheme of Amalgamation sanctioned by the High Court of Madras with effect from March 21, 2007.
  • 2008: Amalgamation of Sri Balaji Bakkiam Spinning Mills with our Company pursuant to a Scheme of Amalgamation sanctioned by the High Court of Madras with effect from May 13, 2008
  • 2008: Acquisition of our retail division from CPPL, on a going concern basis.
  • 2009: Reschedulement of term loan facilities from State Bank of Mysore and State Bank of Indore. The facility availed from State Bank of Indore has been repaid by our Company subsequently.
  • 2010: Formulation and implementation of a foreign exchange policy for our Company.
  • 2011: Sale of wind mills owned by our Company to Maple Renewable Power Private Limited pursuant to a slump sale agreement dated December 23, 2011.
  • 2013: Investment by Euro Asia pursuant to the Investment Agreement.
  • 2014: Incorporation of a wholly-owned subsidiary, SPUK in the United Kingdom.
  • 2014: Reschedulement of term loan facility from Andhra Bank.
  • 2015: Execution of the Sub-Licensing Agreement with its Subsidiary, CPPL to manufacture, distribute and market products under the ‘Crocodile’ brand.
  • 2015: Transfer of 12 retail stores by Poornam to the Company pursuant to the Slump Sale Agreement.

Awards and Accreditations:

  • 2006: Awarded ‘Outstanding New Vendor’ by The Children’s Place (Disney Store, North America).
  • 2007:  Received ‘Worldwide Responsible Apparel Production’ certification.
  • 2009: Recognized as ‘Star Export House’ by the Government of India.
  • 2009: Awarded 'Trading Fairly Award' by TESCO for setting benchmarks in Tirupur for labor standards compliance, investing in workers and supporting community projects.
  • 2010: Awarded ‘Tamil Nadu State Government Safety Award 2010’ by the Directorate of Industrial Safety and Health, Government of Tamil Nadu for the least number of accidents.
  • 2011: Awarded ‘Tamil Nadu State Government Safety Award 2011’ by the Directorate of Industrial Safety and Health, Government of Tamil Nadu for the least number of accidents.
  • 2011: Awarded ‘Best Newcomer’ by Marks & Spencer Children’s Suppliers Awards 2011.
  • 2011 – 2012: Awarded ‘Values Award’ by TESCO.
  • 2013: Awarded ‘F&F Gold Rated Supplier 2013’  by TESCO.
  • 2013: Received laboratory accreditation ISO/IEC 17025:2005 by the National Accreditation Board for Testing and Calibration Authorities, Department of Science and Technology, India.
  • 2014: Received ISO 9001:2008 systems certification.
  • 2014: Received laboratory testing accreditation by one of our customers.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.92%
1 Week
-2.67%
1 Month
+44.34%
3 Month
+85.80%
6 Month
+114.70%
1 Year
+362.25%
2 Year
+36.81%
5 Year
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 17.05 3.43 10.12 13.51 19.76 22.80 12.67 16.66 9.32
Return on Capital Employed (%) 9.93 10.22 12.04 14.80 14.24 22.59 17.17 17.59 9.30
Return on Assets (%) 1.71 0.38 1.22 1.85 3.44 8.65 6.43 8.65 5.27

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 78 80 94 103 133 358 397 484 523
Non Curr. Liab. 153 112 109 106 109 81 83 76 95
Curr. Liab. 313 343 327 316 327 245 336 333 281
Minority Int. -4 -5 -5 -5 -6 -7 -6 -6 -6
Equity & Liab. 539 531 525 520 563 677 810 887 892
Non Curr. Assets 317 310 301 299 310 314 326 401 464
Curr. Assets 222 220 225 221 253 362 483 486 429
Misc. Exp. not W/O
Total Assets 539 531 525 520 563 677 810 887 892

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 401 429 451 473 533 633 662 826 809
Other Income 3 8 2 9 5 21 16 18 24
Total Income 404 437 453 482 538 654 679 844 833
Total Expenditure -347 -378 -388 -406 -448 -529 -557 -707 -726
PBIDT 57 59 65 75 90 125 122 137 107
Interest -36 -38 -35 -31 -25 -18 -29 -6 -23
Depreciation -16 -17 -18 -20 -20 -19 -22 -22 -30
Taxation 4 -2 -5 -15 -9 -33 -23 -36 3
Exceptional Items -17 -10
PAT 9 2 6 10 19 54 48 73 47

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 31 79 58 84 49 49 -1 82 83
Cash Fr. Inv. -12 -8 -14 -6 -28 -121 -15 -60 -39
Cash Fr. Finan. -20 -69 -44 -77 -20 73 19 -17 -45
Net Change -1 2 0 1 1 2 3 5 -1
Cash & Cash Eqvt 1 3 4 4 5 7 9 15 13

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 61.63 61.63 61.63 61.64 61.64 61.69 61.69 61.69 61.69
Public 38.37 38.37 38.37 38.36 38.36 38.31 38.31 38.31 38.31
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Thu, 29 Jul 2021
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 for UTI Mutual Fund
Tue, 20 Jul 2021
Shareholding for the Period Ended June 30 2021
S.P. Apparels Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Fri, 16 Jul 2021
Clarification sought from S.P. Apparels Ltd
The Exchange has sought clarification from S.P. Apparels Ltd on July 16 2021 with reference to significant movement in price in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded.

The reply is awaited.

Technical Scans View Details

Wed, 04 Aug 2021
Closing Below Previous Low Closing Below Previous Low
Close Within 52 Week High Zone Close Within 52 Week High Zone
CCI Bearish CCI Bearish
RSI Bearish RSI Bearish
MFI Bearish MFI Bearish

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