Arthneeti

SPL Industries Q2 FY27 Share Price & Earnings Call Analysis

₹28.55-1.55% today
Market cap
₹86 Cr
P/E
10.36
ROE
1.29%
PEG
-0.20
Price to sales
1.19
Debt to equity
0.00
52W high / low
₹40.9 / ₹21.5
Sales growth (5Y)
-8.78%
EBITDA margin
-9.76%
Net profit margin
3.94%
Promoter holding
74.85%
Sales (last year)
₹72 Cr

Incorporated in 1994, SPL Industries Ltd is a manufacturer & exporter of Knitted fabric and Knitted garments

Potential multibaggers · Q2 FY27

Potential multibaggers in Textiles & Apparels
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Sumeet IndustrieGood growth
    3
See all potential multibaggersWhere does SPL Industries rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Textiles & Apparels companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹582 Cr94.0
240%+Flat₹430 Cr23.6
3Sumeet Industrie20–40%Up 2%+₹747 Cr34.4
420–40%Up 2%+₹344 Cr25.5
520–40%Up 0–2%₹2,574 Cr11.2
620–40%Up 0–2%₹1,108 Cr59.8

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Financials of SPL Industries

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

SPL Industries

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +68.93%68.93%68.93%68.93%68.93%68.93%74.97%74.97%74.88%74.85%74.85%74.85%
FIIs +0.22%0.18%0.14%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%
Government +0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%
Public +30.53%30.57%30.61%30.61%30.61%30.62%24.58%24.58%24.67%24.69%24.69%24.72%
No. of Shareholders16,15215,56515,33515,23114,89614,76414,51714,39614,15713,89213,77113,569

Financials of SPL Industries

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +57.5841.8231.2368.6242.4739.4926.7430.7216.6414.9714.6523.2819.40
YoY Sales growth-31.01%-50.99%-48.55%+24.36%-26.24%-5.57%-14.38%-55.23%-60.82%-62.09%-45.21%-24.22%+16.59%
Expenses +53.6340.1930.5864.9040.5437.5927.3030.1118.2817.3218.7823.3319.93
Operating Profit3.951.630.653.721.931.90-0.560.61-1.64-2.35-4.13-0.05-0.53
OPM %6.86%3.90%2.08%5.42%4.54%4.81%-2.09%1.99%-9.86%-15.70%-28.19%-0.21%-2.73%
Other Income +2.462.862.803.563.123.493.004.163.723.136.615.794.15
Interest1.040.570.300.510.540.620.230.280.170.171.220.160.24
Depreciation0.730.760.770.850.750.760.760.760.670.680.771.130.86
Profit before tax4.643.162.385.923.764.011.453.731.24-0.070.494.452.52
Tax %28.02%26.90%22.27%28.21%31.38%1.25%78.62%21.18%26.61%171.43%-387.76%11.01%15.48%
Net Profit +3.342.311.864.252.583.970.302.940.91-0.202.383.962.13
EPS in Rs1.150.800.641.470.891.370.101.010.31-0.070.821.370.73

Financials of SPL Industries

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +59.59148.35150.63172.75156.75176.99110.09197.86284.65199.15139.4169.5372.30
Sales growth+30.88%+148.95%+1.54%+14.68%-9.26%+12.91%-37.80%+79.73%+43.86%-30.04%-30.00%-50.13%-36.35%
Expenses +55.47136.48148.36165.66127.23150.1794.10175.79260.53189.20135.5377.7079.36
Operating Profit4.1211.872.277.0929.5226.8215.9922.0724.129.953.88-8.17-7.06
OPM %6.91%8.00%1.51%4.10%18.83%15.15%14.52%11.15%8.47%5.00%2.78%-11.75%-9.76%
Other Income +0.461.364.903.932.447.925.439.7412.8411.6813.7719.2419.68
Interest0.111.222.731.730.951.320.700.752.122.421.671.721.79
Depreciation3.953.172.993.903.843.152.772.412.783.133.033.253.44
Profit before tax0.528.841.455.3927.1730.2717.9528.6532.0616.0812.956.107.39
Tax %0.00%0.11%0.00%0.00%0.00%-3.30%24.46%26.42%25.64%26.99%24.40%-15.74%
Net Profit +0.528.831.455.3927.1731.2713.5521.0823.8411.759.797.068.27
EPS in Rs0.183.040.501.869.3710.784.677.278.224.053.382.432.85
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Financials of SPL Industries

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital29.0029.0029.0029.0029.0029.0029.0029.0029.0029.0029.0029.00
Reserves25.7334.5635.9441.4668.6299.91113.47134.47158.45170.17179.95187.05
Borrowings +5.3218.3214.932.452.464.004.454.9310.660.000.000.00
Other Liabilities +17.0817.3943.5527.0922.259.584.9541.7710.998.9913.1819.04
Total Liabilities77.1399.27123.42100.00122.33142.49151.87210.17209.10208.16222.13235.09
Fixed Assets +48.5846.9552.2354.8451.6049.0946.4946.5948.7059.7257.2296.64
CWIP0.000.002.430.560.850.000.252.5411.280.000.000.00
Investments0.000.000.000.000.000.000.0010.0345.5257.52105.5988.20
Other Assets +28.5552.3268.7644.6069.8893.40105.13151.01103.6090.9259.3250.25
Total Assets77.1399.27123.42100.00122.33142.49151.87210.17209.10208.16222.13235.09

Financials of SPL Industries

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-3.89-8.9619.2015.8315.8728.1829.788.0814.007.1513.9114.41
Cash from Investing Activity +-0.41-1.81-14.02-0.34-14.12-27.93-28.91-4.33-25.793.75-14.12-14.23
Cash from Financing Activity +5.2111.78-6.11-14.13-0.920.22-0.23-0.224.78-10.740.00-0.02
Net Cash Flow0.911.01-0.931.370.830.470.643.53-7.010.16-0.220.16
Free Cash Flow-4.32-10.518.5011.3713.6627.2529.122.990.364.2913.37-28.23
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-94%-75%846%223%54%105%204%68%93%123%362%-177%

Financials of SPL Industries

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days95.8077.0680.1863.2290.4465.3738.4390.3438.0764.6460.1185.41
Inventory Days73.7046.53102.657.2513.357.3710.127.465.973.524.229.47
Days Payable150.7539.92189.1283.0979.1925.1612.40104.779.469.3211.67105.55
Cash Conversion Cycle18.7583.67-6.29-12.6224.6147.5936.15-6.9734.5858.8552.67-10.68
Working Capital Days29.9534.7211.0019.0255.4753.1724.5033.3026.1863.3260.0617.90
ROCE %1.19%14.50%5.17%9.08%33.08%27.16%13.50%18.82%18.66%7.33%4.55%1.78%

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