SPL Industries Limited

NSE: SPLILTrading - Textile Products

Share price

₹29.29

-2.37% close of 9 Oct 2026

Market cap ₹85 CrP/E 10.3

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 6 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹85 Cr

P/E ratio

10.3

P/B ratio

0.4

ROCE

1.8%

ROE

-32.9%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹44.0952-week low ₹21.50

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales fell 36.4% over the past year. Meanwhile what it keeps of every 100 rupees of sales slipped from 4.0% to -11.7% over the last two years.

Whether it grew faster than its sector

It grew -42.1% a year against a sector median of 7.2% — 49.3 percentage points slower.

Room to re-rate, or risk of de-rating

At 10.3× earnings against a market that pays 24.1× across 2199 companies we can price. It is against its own five-year median of 10.5×, the 47th percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

	Profit growth	Price per ₹1 profit	Per 1% growth
SPL Industries Limited — this one	-51%/yr	10.3×	—
PDS Limited	-23%/yr	40.0×	—
Bhilwara Technical Textiles Limited	—	—	—
Aarnav Fashions Limited	175%/yr	16.8×	—
Heads UP Ventures Limited	—	—	—
Globale Tessile Limited	-3%/yr	—	—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Trading - Textile Products), it ranks 4 of 6 on returns, 5 of 6 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 1.8% on capital, ahead of 33% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹58 crore of cash from the business but spent ₹65 crore on plant and equipment, ₹7 crore more than it made, paid from its own cash and investments. And the profit is real: of every 100 rupees it reported over 12 years, about 95 arrived as cash. Its cash comes back faster than it used to: it went from being waiting 33.3 days for its cash to waiting 17.9 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

6 of 10 checks clear · 60%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 12 Aug 2026 · Standalone · Unaudited

Revenue

₹19 Cr

Net profit

₹2 Cr

Net margin

11.0%

EPS

₹0.73

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap: ₹85 Cr
Prev close: ₹29.29
52w High: ₹45.2
52w Low: ₹20.2
Enterprise value: ₹6 Cr
Beta: 1.0
Price CAGR 1y: -24.0%
Price CAGR 3y: -26.0%
Price CAGR 5y: -9.0%
Price CAGR 10y: 0.0%

Ratios

Return on assets: 3.0%
PEG ratio: -0.2
P/E ratio: 10.3
P/B ratio: 0.4
EV / EBITDA: —
Industry P/E: 19.0
ROCE: 1.8%
ROCE 5y average: 10.2%
ROE: -32.9%
Debt / Equity: 0.0
Interest coverage: 4.5
Dividend yield: 0.0%
ROE 3y average: 2.0%
ROE last year: 1.0%

Annual P&L

Annual revenue: ₹70 Cr
Annual profit: ₹7 Cr
Operating margin: -11.8%
Net profit margin: 10.2%
EBITDA margin: -11.8%
Sales growth 3y: -37.5%
Sales growth 5y: -8.8%
Profit growth 3y: -51.0%
Profit growth 5y: -28.0%
EPS: ₹2.4
Sales growth TTM: -36.0%
Profit growth TTM: 2.0%
Dividend payout: 0.0%

Quarter P&L

Sales latest quarter: ₹19 Cr
Profit latest quarter: ₹2 Cr
YoY quarterly sales growth: 16.6%
YoY quarterly profit growth: 134.1%
OPM latest quarter: -2.7%

Balance Sheet

Book Value: ₹74.5
Face Value: ₹10.0
Total debt: ₹0 Cr
Total cash: ₹10 Cr
Borrowings: ₹0 Cr
Reserves / Equity: 6.5

Cash Flow

Operating cash flow: ₹14 Cr
Free cash flow: -₹28 Cr
FCF yield: -35.3%
Net cash flow: ₹0 Cr

Shareholding

Promoter holding: 74.8%
FII holding: 0.1%
DII holding: —
Public holding: 24.7%

Peer comparison

Company	Price ₹	P/E	Mkt cap ₹ Cr	Div yield %	Profit qtr ₹ Cr	Profit var %	Sales qtr ₹ Cr	Sales var %	ROCE %
PDS	347.40	41.7	4,906	0.95	28.6	45.0	3,443.7	14.8	12.5
Bhilwara Tech	39.30		229	0.00	3.6	1067.7	6.1	14.5	-6.7
Aarnav Fashions	37.31	17.4	159	0.00	1.7	-11.1	86.5	-10.9	7.6
SPL Industries	29.49	10.4	86	0.00	2.1	134.1	19.4	16.6	1.8
Anand Rayons	35.73	7.2	78	0.00	2.3	96.6	95.6	25.9	10.4
Vivaa Tradecom	138.00	61.8	54	0.00	0.0	-48.1	156.7	23.6	5.2
Sanblue Corp.	28.12	67.0	14	0.00	-0.1	28.6	1.5	340.0	0.4
Median	39.30	29.6	229	0.00	3.6	45.0	86.5	14.5	7.6

Competes with: Aarnav Fashions Limited, Bhilwara Technical Textiles Limited, Globale Tessile Limited, Heads UP Ventures Limited, PDS Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026

Line item	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	58	42	31	69	42	39	27	31	17	15	15	23	19
Expenses	54	40	31	65	41	38	27	30	18	17	19	23	20
Material Cost								1.31	1.33	0.92	0.96	0.98	0.98
Change in Inventories								1.57	0.14	-0.01	-0.29	0.30	-0.44
Purchases of Stock-in-Trade								18	7.90	8.52	8.24	15	13
Employee Cost								2.90	2.92	2.89	2.77	2.79	2.92
Other Expenses								5.91	5.99	5.01	7.10	4.67	3.93
Operating Profit	3.95	1.63	0.65	3.72	1.93	1.90	-0.56	0.61	-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	-16	-28	-0.21	-2.73
Other Income	2.46	2.86	2.80	3.56	3.12	3.49	3	4.16	3.72	3.13	6.61	5.79	4.15
Exceptional items (within Other Income)								0	0	0	0	0	0
Interest	1.04	0.57	0.30	0.51	0.54	0.62	0.23	0.28	0.17	0.17	1.22	0.16	0.24
Depreciation	0.73	0.76	0.77	0.85	0.75	0.76	0.76	0.76	0.67	0.68	0.77	1.13	0.86
Profit before tax	4.64	3.16	2.38	5.92	3.76	4.01	1.45	3.73	1.24	-0.07	0.49	4.45	2.52
Tax %	28	27	22	28	31	1.25	79	21	27	171	-388	11	15
Net Profit	3.34	2.31	1.86	4.25	2.58	3.97	0.30	2.94	0.91	-0.20	2.38	3.96	2.13
EPS in Rs	1.15	0.80	0.64	1.47	0.89	1.37	0.10	1.01	0.31	-0.07	0.82	1.37	0.73
Diluted EPS in Rs								1.01	0.31	-0.07	0.82	1.37	0.73

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	60	148	151	173	157	177	110	198	285	199	139	70	72
Expenses	55	136	148	166	127	150	94	176	261	189	136	78	79
Material Cost											6.58	4.18
Change in Inventories											0.24	0.13
Purchases of Stock-in-Trade											87	39
Employee Cost											12	11
Other Expenses											29	23
Operating Profit	4.12	12	2.27	7.09	30	27	16	22	24	9.95	3.88	-8.17	-7.06
OPM %	6.91	8	1.51	4.10	19	15	15	11	8.47	5	2.78	-12	-9.76
Other Income	0.46	1.36	4.90	3.93	2.44	7.92	5.43	9.74	13	12	14	19	20
Exceptional items (within Other Income)											0	0
Interest	0.11	1.22	2.73	1.73	0.95	1.32	0.70	0.75	2.12	2.42	1.67	1.72	1.79
Depreciation	3.95	3.17	2.99	3.90	3.84	3.15	2.77	2.41	2.78	3.13	3.03	3.25	3.44
Profit before tax	0.52	8.84	1.45	5.39	27	30	18	29	32	16	13	6.10	7.39
Tax %	0	0.11	0	0	0	-3.30	24	26	26	27	24	-16
Net Profit	0.52	8.83	1.45	5.39	27	31	14	21	24	12	9.79	7.06	8.27
EPS in Rs	0.18	3.04	0.50	1.86	9.37	11	4.67	7.27	8.22	4.05	3.38	2.43	2.85
Diluted EPS in Rs											3.38	2.43
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	0	0

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years: -7%
5 years: -9%
3 years: -37%
TTM: -36%

Compounded profit growth

10 years: -11%
5 years: -28%
3 years: -51%
TTM: 2%

Stock price CAGR

10 years: 0%
5 years: -9%
3 years: -26%
1 year: -24%

Return on equity

10 years: 10%
5 years: 6%
3 years: 2%
Last year: 1%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	29	29	29	29	29	29	29	29	29	29	29	29
Reserves	26	35	36	41	69	100	113	134	158	170	180	187
Borrowings	5.32	18	15	2.45	2.46	4	4.45	4.93	11	0	0	0
Other Liabilities	17	17	44	27	22	9.58	4.95	42	11	8.99	13	19
Total Liabilities	77	99	123	100	122	142	152	210	209	208	222	235
Fixed Assets	49	47	52	55	52	49	46	47	49	60	57	97
CWIP	0	0	2.43	0.56	0.85	0	0.25	2.54	11	0	0	0
Investments	0	0	0	0	0	0	0	10	46	58	106	88
Other Assets	29	52	69	45	70	93	105	151	104	91	59	50
Total Assets	77	99	123	100	122	142	152	210	209	208	222	235

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-3.89	-8.96	19	16	16	28	30	8.08	14	7.15	14	14
Cash from Investing Activity	-0.41	-1.81	-14	-0.34	-14	-28	-29	-4.33	-26	3.75	-14	-14
Cash from Financing Activity	5.21	12	-6.11	-14	-0.92	0.22	-0.23	-0.22	4.78	-11	0	-0.02
Net Cash Flow	0.91	1.01	-0.93	1.37	0.83	0.47	0.64	3.53	-7.01	0.16	-0.22	0.16
Free Cash Flow	-4.32	-11	8.50	11	14	27	29	2.99	0.36	4.29	13	-28

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	96	77	80	63	90	65	38	90	38	65	60	85
Inventory Days	74	47	103	7.25	13	7.37	10	7.46	5.97	3.52	4.22	9.47
Days Payable	151	40	189	83	79	25	12	105	9.46	9.32	12	106
Cash Conversion Cycle	19	84	-6.29	-13	25	48	36	-6.97	35	59	53	-11
Working Capital Days	30	35	11	19	55	53	25	33	26	63	60	18
ROCE %	1.19	15	5.17	9.08	33	27	14	19	19	7.33	4.55	1.78

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026

Line item	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	69	69	69	69	69	69	69	75	75	75	75	75
FIIs	0.25	0.22	0.18	0.14	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	31	31	31	31	31	31	31	25	25	25	25	25
No. of Shareholders	15,385	16,152	15,565	15,335	15,231	14,896	14,764	14,517	14,396	14,157	13,892	13,771

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -24.7% (₹38.90 → ₹29.29)Brick size ₹1.52 (fixed)Bricks 35

Price moved up one brickPrice moved down one brickLast close ₹29.29 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-79.26inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about SPL Industries Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

dyes and textile chemicals
garments and accessories purchased as stock-in-trade
packing material
stores and spares

Buys from

A B Cotspin India Limited · Cotton yarn

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector: Textiles
Industry: Trading - Textile Products
Classification: Textiles › Trading - Textile Products
ISIN: INE978G01016

Plants

SPL Industries knitted fabric processing and garment unit, Sector-6

News impact

Big market events that reach SPL Industries Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

daily-prices repair: 8 rows from NSE's archive (replace 1, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Annual report · 2025-2616 Jul 2026

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.