₹1061.0
-0.35% today
· 30d +4.75%
as of 2026-09-04
Price · Daily Candles
“SPAL's Profit Plunge: Quarterly Earnings Sink 38.84% Amidst Strong Technicals and DII Exit.”
SPAL, a mid-cap apparel manufacturer with a ₹2643 Cr market cap, delivered mixed performance in the latest quarter. While annual revenue grew 13.15% to ₹1579 Cr, Q4 net profit declined significantly by 38.84% YoY to ₹19 Cr, despite a 14% ROCE. Shareholding data reveals a DII stake reduction of 2.15% QoQ, even as the stock has surged 40.81% in the last month.
BULL CASE
+Annual revenue witnessed a healthy 13.15% YoY growth, reaching ₹1579 Cr, while Net Profit increased by 6.14% to ₹101 Cr.
+The stock has shown significant momentum, with a 1-month return of 40.81% and a 3-month return of 54.27%.
+Technical indicators are highly favorable, with a strong bullish MACD signal (value 25.3172) and a moderate bullish RSI(14) at 68.37.
+The 5-year revenue CAGR stands at a robust 19.33%, and net profit CAGR is 18.52% for the same period.
+The company maintains a steady ROCE of 14.0% with a reasonable PE ratio of 28.41.
BEAR CASE
−Quarterly net profit dropped sharply by 38.84% YoY to ₹19 Cr, corresponding to a revenue decline of 8.59% in the same period.
−Domestic Institutional Investors (DIIs) reduced their stake by 2.15% QoQ, while FIIs also trimmed their holding by 0.35% QoQ.
−Operating profit margin (OPM) decreased by 1.35% QoQ, reflecting pressure on operational efficiency.
−The company's P/E of 28.41 is above the sector median for profitable peers like MANYAVAR (29.81) and PGIL (34.27), but significantly lower than PAGEIND (59.0).
⟳ What Changed
₹ Latest Earnings · Q ending 2026-06-30
REVENUE
₹401 Cr
-0.59% YoY
NET PROFIT
₹25 Cr
+20.43% YoY
OPM
16.04%
+2.57pp YoY
EPS
₹9.89
PE 28.41
Intrinsic value · DCF: N/A — ML model predicts severe Δ FCF compression (h1=-50.0%, h2=-50.0%, h3=-45.8% of mktcap), driving projected FCF negative by year 3 despite healthy current FCF. Treating as forecast outlier rather than reporting a misleading ₹0 valuation. Use the Strategy Fit and ML sections instead.
◇ Sector Position
SPAL's PE of 28.41 and ROCE of 14.0% place it on the lower end compared to peers like PAGEIND (59.0 PE, 68.86% ROCE) but above ABFRL (9.81% ROCE).
PEERPEROCE %
SPAL28.4114.0
+ 2 more peers — sign in to view
ML Forward Growth Predictions 🔒
72
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
STRONG
90
Valuation
REASONABLE
60
Growth
STEADY
61
Profitability
DECENT
68
Technicals
STRONG
73
Risk
LOW
80
Key Stats
TTM PE
28.41
P/B
3.02
52W HIGH
₹1221.9
OFF HIGH
-13.17%
DIV YIELD
0.19%
MKT CAP
₹2667 Cr
◉ Active Signals
MACDBullish14.6052
RSI(14)Bullish61.12
Street Consensus
2 analysts₹915.5
mean target
Low ₹911.0Now ₹1061.0High ₹920.0
⧉ Strategy Fit 🔒