SPL Industries Limited SPLIL NSE

Consumer Cyclical · Apparel Manufacturing · India

https://www.spllimited.com

SPL Industries Limited manufactures and sells knitted garments and fabrics in India and internationally. It operates through Manufacturing Cotton Knitted Garments and Made Ups and Processing Charges; and Trading of Garments segments. The company offers a range of outerwear, such as T shirts, sweatshirts, and polo shirts, etc.; and knitted fabrics, including single jersey, jacquard, interlocks, flat backs, auto stripes fleece, double jersey jacquard, and waffles and various textures. It also trades in garments. In addition, the company is involved in processing activities, such as printing, dyeing, coloring, spinning, weaving, combing, knitting, and bleaching services. It exports its products to the United States and European markets. The company was formerly known as Shivalik Prints Private Limited and changed its name to SPL Industries Limited in September 1994. SPL Industries Limited was incorporated in 1991 and is based in Faridabad, India.

Market & Price

Market Cap

₹94.75 Cr

Current Price

₹32.28

High / Low (52W)

₹46.02 / ₹21.50

Beta

0.68

Valuation

Stock P/E

15.44

Industry PE

26.67

Forward P/E

PEG Ratio

Book Value

₹74.01

Price to Book

0.44

P/S

1.23

EV/EBITDA

-2.00

Dividend Yield

Profitability & Returns

ROCE

6.85%

ROE

ROA

Profit Margin

7.84%

Op Margin

-33.46%

EPS (Latest Qtr)

₹0.82

EPS (TTM)

₹2.09

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

₹0

Total Assets

₹222.12 Cr

Current Assets

₹104.03 Cr

Working Capital

₹93.85 Cr

Ownership

Promoter Holding

74.85%

Chg in Prom Hold

FII / Inst Holding

0.00%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹14.82 Cr

Total Revenue (TTM)

₹76.98 Cr

EBITDA

₹-7.43 Cr

Free Cash Flow

Operating Cash Flow

Shares Outstanding

₹2.90 Cr

Gross Margin

12.64%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

-11.19%

Profit 5Y

-22.56%

Revenue (YoY)

-45.20%

Earnings (YoY)

720.00%

PROS

No notable strengths flagged.

CONS

Revenue declined at -11.2% CAGR over 5 years.
Earnings shrank at -22.6% CAGR over 5 years.
Trading 29.9% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SPLIL SPL Industries Limited NSE	32.28	15.44	₹94.75 Cr	-	6.85%	-	-11.19%	-22.56%
2	MARUTI Maruti Suzuki India Limited NIFTY50NSEAI	13,127.00	28.09	₹4.13 L Cr	1.07%	17.22%	14.43%	16.60%	21.11%
3	M&M Mahindra & Mahindra Limited NIFTY50NSEAI	3,045.60	20.00	₹3.66 L Cr	1.08%	17.26%	18.75%	18.44%	18.48%
4	TITAN Titan Company Limited NIFTY50NSE	4,074.90	71.43	₹3.61 L Cr	0.27%	38.43%	37.13%	23.83%	16.00%
5	ETERNAL Eternal Limited NSEAITECH	250.58	626.45	₹2.30 L Cr	-	2.87%	1.19%	97.70%	45.90%
6	EICHERMOT Eicher Motors Limited NIFTY50NSEAI	7,177.00	35.71	₹1.97 L Cr	0.98%	26.43%	23.77%	17.47%	23.70%
7	TVSMOTOR TVS Motor Company Limited NSE	3,355.70	52.91	₹1.59 L Cr	0.36%	28.86%	31.62%	26.91%	31.46%
8	HYUNDAI HYUNDAI MOTOR INDIA LTD NSE	1,924.00	28.82	₹1.56 L Cr	1.09%	32.62%	29.92%	5.50%	4.87%
9	MOTHERSON Samvardhana Motherson International Limited NSEAI	145.74	39.82	₹1.53 L Cr	0.41%	11.82%	10.11%	17.10%	37.17%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	-	26.74 Cr	23.56 Cr	16.64 Cr	14.97 Cr	14.65 Cr
Cost of Revenue	-	22.50 Cr	26.05 Cr	14.46 Cr	13.62 Cr	13.11 Cr
Gross Profit	-	4.24 Cr	-2.49 Cr	2.17 Cr	1.35 Cr	1.54 Cr
Operating Expenses	-	5.56 Cr	-2.35 Cr	4.48 Cr	4.38 Cr	6.44 Cr
Operating Income	-	-1.32 Cr	-14.46 L	-2.31 Cr	-3.03 Cr	-4.90 Cr
EBITDA	-	2.44 Cr	4.67 Cr	2.08 Cr	77.17 L	2.48 Cr
Interest Expense	-	23.13 L	17.62 L	17.40 L	16.58 L	1.22 Cr
Pretax Income	-	1.44 Cr	3.73 Cr	1.24 Cr	-7.38 L	48.60 L
Tax Provision	-	1.14 Cr	79.28 L	32.65 L	12.45 L	-1.90 Cr
Net Income	-	30.15 L	2.94 Cr	91.30 L	-19.83 L	2.38 Cr
Diluted EPS	1.37	0.10	-	0.31	-0.07	0.82

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Revenue	188.79 Cr	269.40 Cr	188.14 Cr	132.26 Cr
Cost of Revenue	160.63 Cr	239.29 Cr	170.54 Cr	116.96 Cr
Gross Profit	28.16 Cr	30.11 Cr	17.60 Cr	15.31 Cr
Operating Expenses	7.75 Cr	8.77 Cr	10.77 Cr	14.45 Cr
Operating Income	20.42 Cr	21.34 Cr	6.82 Cr	85.62 L
EBITDA	31.70 Cr	35.72 Cr	21.53 Cr	17.55 Cr
Interest Expense	64.40 L	87.73 L	2.32 Cr	1.57 Cr
Pretax Income	28.66 Cr	32.06 Cr	16.09 Cr	12.95 Cr
Tax Provision	7.57 Cr	8.22 Cr	4.34 Cr	3.16 Cr
Net Income	21.08 Cr	23.84 Cr	11.75 Cr	9.79 Cr
Diluted EPS	7.27	8.22	4.05	3.38

Compounded Sales Growth

5 Years:	-11.19%
1 Year:	-45.20%

Compounded Profit Growth

5 Years:	-22.56%
1 Year:	720.00%

Stock Price Performance

1 Year:	-17.32%
6 Months:	-18.30%
3 Months:	+9.65%
1 Month:	+0.03%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Assets	210.16 Cr	209.10 Cr	208.16 Cr	222.12 Cr
Current Assets	135.19 Cr	77.28 Cr	70.22 Cr	104.03 Cr
Cash & Equivalents	8.11 Cr	1.09 Cr	1.25 Cr	1.04 Cr
Inventory	2.70 Cr	3.44 Cr	1.38 Cr	1.09 Cr
Receivables	48.97 Cr	29.69 Cr	35.27 Cr	22.96 Cr
Total Liabilities	46.69 Cr	21.65 Cr	8.98 Cr	13.18 Cr
Current Liabilities	45.93 Cr	21.04 Cr	8.19 Cr	10.18 Cr
Long Term Debt	0	0	0	0
Total Debt	4.93 Cr	10.66 Cr	40,000	0
Total Equity	163.47 Cr	187.45 Cr	199.17 Cr	208.95 Cr
Shares Outstanding	2.90 Cr	2.90 Cr	2.90 Cr	2.90 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Operating Cash Flow	8.08 Cr	14.00 Cr	7.15 Cr	20.70 Cr
Investing Cash Flow	-4.33 Cr	-25.79 Cr	3.75 Cr	-20.81 Cr
Financing Cash Flow	-22.14 L	4.78 Cr	-10.74 Cr	-10.57 L
Capital Expenditure	-6.72 Cr	-13.70 Cr	-2.87 Cr	-53.75 L
Free Cash Flow	1.36 Cr	30.48 L	4.28 Cr	20.16 Cr
Net Change in Cash	3.53 Cr	-7.01 Cr	15.96 L	-21.51 L

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Gross Margin %	14.9%	11.2%	9.4%	11.6%
Operating Margin %	10.8%	7.9%	3.6%	0.6%
Net Margin %	11.2%	8.8%	6.2%	7.4%
ROE %	12.9%	12.7%	5.9%	4.7%
ROCE %	12.4%	11.3%	3.4%	0.4%

Shareholding Pattern

Insiders

74.85%

Institutions

0.00%

Public Float

0.00%

Analyst View

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SPLIL · Consumer Cyclical