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HomeSHARE MARKETNew Opportunity To Invest; Buy This Low Valuation Stock; Huge Return Within...

New Opportunity To Invest; Buy This Low Valuation Stock; Huge Return Within 5-6 Months

textile
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Stock to Buy: After good signals from global markets, domestic stock markets are trading rapidly today (21 March). Seeing the bullish trend in the stock market, retail investors also have the opportunity to invest money here. 

If a retail investor wants to buy and place a bet on a strong stock, then he can buy as per the opinion of market experts. A market expert, has selected S P Apparels Ltd (NSE: SPAL) to purchase. This share can provide strong earnings to investors.

Why Buy This Stock?

This share is suitable for a portfolio with a long or short-term view.

The expert has put this share up for purchase for the second time. The most important thing is that this stock has corrected well from the above level.

S P Apparels – Buy

This company belongs to the textile sector and retail investors can once again buy this share. The company has recently acquired some companies. 

Experts say that the company has also started some new plants recently. In such a situation, the company may benefit from these new plants and acquisitions and may see a rise in the stock.

What Are The Basic Principles Of A Company?

The company has been in business since 1989. In terms of valuations, the stock is cheap and has also corrected from the above levels. 

The stock of the company is currently trading at a multiple of 17 PE. Profit growth has been 15 percent over the past three years, and sales growth has been around 10-11 percent.

In December 2022, the company had presented a profit of Rs 13 crore and in December 2023, the company had presented a profit of Rs 18 crore. 

The promoters’ stake in the company is around 62 percent and the stake of domestic and foreign investors is around 21-22 percent.

About S P Apparels Ltd Company 

S P Apparels Limited is a manufacturer and exporter company. It is a knitted garment designed for babies and children.

The company offers a complete range of garment manufacturing services, from producing grey fabric to the finished product.

The company manufactures clothing, preparation and spinning textile fibers, weaving textiles, and finishing textiles excluding khadi or handloom.

About 21 factories are operated by the Company.

Crocodile Products Private Limited engages in the business, among other things, of establishing and managing manufacturing, trading, dealing, importing, and exporting garments and manufacturing, distribution, and marketing menswear under the trademark Crocodile.

S P Apparels UK Limited is a trading company. It deals with customers in the United Kingdom, Ireland, and other European countries.

Fundamental Analysis of S P Apparels Ltd

Market Cap₹ 1,432 Cr.
Current Price₹ 562.75
52-wk High₹ 710
52-wk Low₹ 314
Stock P/E17.5
Book Value₹ 287
Dividend0.51 %
ROCE14.6 %
ROE12.6 %
Face Value₹ 10.0
P/B Value1.97
OPM14.7 %
EPS₹ 32.6
Debt₹ 258 Cr.
Debt to Equity0.36

S P Apparels Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹560₹589
2025₹600₹623
2026₹643₹687
2027₹700₹734
2028₹740₹798
2029₹800₹832
2030₹854₹876
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S P Apparels Ltd Shareholding Pattern

Promoters Holding
Dec 202261.93%
Mar 202361.93%
June 202361.93%
Sept 202361.93%
Dec 202361.93%
FII Holding
Dec 20221.23%
Mar 20231.09%
June 20231.07%
Sept 20231.50%
Dec 20231.39%
DII Holding
Dec 202217.61%
Mar 202317.73%
June 202317.60%
Sept 202318.47%
Dec 202319.08%
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Public Holding
Dec 202219.22%
Mar 202319.25%
June 202319.41%
Sept 202318.12%
Dec 202317.61%

S P Apparels Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 825 Cr
2020₹ 808 Cr
2021₹ 652 Cr
2022₹ 859 Cr
2023₹ 1,067 Cr

Last 5 Years’ Net Profit:

2019₹ 73 Cr
2020₹ 47 Cr
2021₹ 43 Cr
2022₹ 85 Cr
2023₹ 82 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.41
20200.41
20210.33
20220.31
20230.32

Last 10 Years’ Profit Growth:

10 Years:44%
5 Years:12%
3 Years:14%
Current Year:-6%

Last 10 years’ Return on Equity (ROE):

10 Years:13%
5 Years:12%
3 Years:12%
Last Year:13%

Sales Growth Over 10 Years:

10 Years:10%
5 Years:10%
3 Years:10%
Current Year:1%

Conclusion

This article is a complete guide about S P Apparels Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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