MarketFriction

SPL Industries Ltd

NSE SPLIL · BSE 532651 · Trading - Textile Products
₹28.50 -2.53%
NSE close2026-10-01
52 week range20.20 - 45.20
Market cap₹89.4 Cr.
P/E10.8
Price band 20% Delivery 70.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales41.8231.2368.6242.4739.4926.7430.7216.6414.9714.6523.2819.40
Expenses40.1930.5864.9040.5437.5927.3030.1118.2817.3218.7823.3319.93
Operating Profit1.630.653.721.931.90-0.560.61-1.64-2.35-4.13-0.05-0.53
OPM %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 Income2.862.803.563.123.493.004.163.723.136.615.794.15
Interest0.570.300.510.540.620.230.280.170.171.220.160.24
Depreciation0.760.770.850.750.760.760.760.670.680.771.130.86
Profit before tax3.162.385.923.764.011.453.731.24-0.070.494.452.52
Tax %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 Profit2.311.864.252.583.970.302.940.91-0.202.383.962.13
EPS in Rs0.800.641.470.891.370.101.010.31-0.070.821.370.73
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales148.35150.63172.75156.75176.99110.09197.86284.65199.15139.4169.5372.30
Expenses136.48148.36165.66127.23150.1794.10175.79260.53189.20135.5377.7079.36
Operating Profit11.872.277.0929.5226.8215.9922.0724.129.953.88-8.17-7.06
OPM %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 Income1.364.903.932.447.925.439.7412.8411.6813.7719.2419.68
Interest1.222.731.730.951.320.700.752.122.421.671.721.79
Depreciation3.172.993.903.843.152.772.412.783.133.033.253.44
Profit before tax8.841.455.3927.1730.2717.9528.6532.0616.0812.956.107.39
Tax %0.11%0.00%0.00%0.00%-3.30%24.46%26.42%25.64%26.99%24.40%-15.74%
Net Profit8.831.455.3927.1731.2713.5521.0823.8411.759.797.068.27
EPS in Rs3.040.501.869.3710.784.677.278.224.053.382.432.85
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-7%-9%-37%-36%
Compounded Profit Growth-11%-28%-51%2%
Stock Price CAGR0%-9%-22%-22%
Return on Equity10%6%2%1%
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
Borrowings5.3218.3214.932.452.464.004.454.9310.660.000.000.00
Other Liabilities17.0817.3943.5527.0922.259.584.9541.7710.998.9913.1819.04
Total Liabilities77.1399.27123.42100.00122.33142.49151.87210.17209.10208.16222.13235.09
Fixed Assets48.5846.9552.2354.8451.6049.0946.4946.5948.7059.7257.2296.64
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 Assets28.5552.3268.7644.6069.8893.40105.13151.01103.6090.9259.3250.25
Total Assets77.1399.27123.42100.00122.33142.49151.87210.17209.10208.16222.13235.09
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 Activity5.2111.78-6.11-14.13-0.920.22-0.23-0.224.78-10.740.00-0.02
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/OP-94%-75%846%223%54%105%204%68%93%123%362%-177%
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters68.93%68.93%68.93%68.93%68.93%68.93%68.93%74.97%74.97%74.88%74.85%74.85%
FIIs0.25%0.22%0.18%0.14%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%
Government0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%
Public30.51%30.53%30.57%30.61%30.61%30.61%30.62%24.58%24.58%24.67%24.69%24.69%
No. of Shareholders15,38516,15215,56515,33515,23114,89614,76414,51714,39614,15713,89213,771

Fundamentals

Market Cap₹ 89.4 Cr.
Current Price₹ 30.8
Stock P/E10.8
Book Value₹ 74.5
ROCE1.78 %
ROE1.29 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-36%
Compounded Profit Growth (TTM)2%
Standalone figures.
Valuation
Market capRs 83 Cr
Enterprise valueRs 72 Cr
P/E (TTM)9.99x
Price to book0.38x
Price to sales1.14x
EV / EBITDA5.72x
EV / EBIT7.86x
EV / sales1.00x
Price to cash flow5.74x
Earnings yield10.01%
P/E, 3-year average10.56x
P/B, 3-year average0.51x
P/E, 5-year average9.55x
P/B, 5-year average0.72x
Profitability
Operating margin (excl. other income)-11.75%
Operating margin (incl. other income)15.92%
EBITDA margin17.45%
Pre-tax margin10.22%
Net profit margin11.44%
Net margin, latest quarter10.98%
ROE3.32%
ROCE3.68%
ROA3.09%
ROE, 3-year average4.73%
ROCE, 3-year average6.72%
ROA, 3-year average4.42%
ROE, 5-year average8.31%
ROCE, 5-year average11.49%
ROA, 5-year average7.26%
ROIC (approx.)5.17%
Tax rate-15.74%
Other income / net worth8.91%
Growth
Sales growth (latest year)-50.13%
Profit growth (latest year)-27.89%
Sales CAGR, 3 years-37.49%
Sales CAGR, 5 years-8.78%
Profit CAGR, 3 years-33.34%
Profit CAGR, 5 years-12.22%
Sales growth QoQ-16.67%
Profit growth QoQ-46.21%
Sales growth YoY (latest quarter)16.59%
Profit growth YoY (latest quarter)134.07%
Per share
EPS (TTM)Rs 2.85
EPS (latest year)Rs 2.43
EPS (latest quarter)Rs 0.73
EPS, 3-year averageRs 3.29
EPS, 5-year averageRs 5.07
Book value per shareRs 74.50
Sales per shareRs 24.93
Cash flow per shareRs 4.97
Free cash flow per shareRs -9.73
Efficiency
Asset turnover0.30x
Fixed asset turnover0.72x
Inventory turnover53.76x
Inventory days7 days
Debtor days85 days
Debtors turnover4.27x
Creditor days106 days
Cash conversion cycle-11 days
Working capital days18 days
Leverage
Cash and bankRs 10 Cr
Net debtRs -10 Cr
Net debt / EBITDA-0.83x
Interest coverage5.13x
Owners' fund to total sources91.90%
Cash flow
Cash from Operating Activity (latest year)Rs 14 Cr
Cash from Investing Activity (latest year)Rs -14 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -28 Cr
Cash from ops / profit, 5 years0.78x
Sales to cash flow4.83x
Statement figures
Net sales (TTM)Rs 72 Cr
Net sales (latest year)Rs 70 Cr
Sales (latest quarter)Rs 19 Cr
Operating profit excl. other income (latest year)Rs -8 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 20 Cr
EBITDA (TTM)Rs 13 Cr
PBDT (TTM)Rs 11 Cr
Profit before tax (TTM)Rs 7 Cr
Tax (latest year)Rs -1 Cr
Net profit (TTM)Rs 8 Cr
Net profit (latest year)Rs 7 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 61 Cr
Total expenditure (latest year)Rs 78 Cr
Total income (latest year)Rs 89 Cr
Share capitalRs 29 Cr
ReservesRs 187 Cr
Shareholders' fundsRs 216 Cr
Total assetsRs 235 Cr
Net blockRs 97 Cr
InvestmentsRs 88 Cr
ReceivablesRs 16 Cr
InventoryRs 1 Cr
Other liabilitiesRs 19 Cr
Shares outstanding (crore)2.90
Ownership
Promoter holding74.85% (-0.12 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 10.0 is at the 46th percentile of its own 9.4-year range (median 10.3, low 2.3, high 50.0).
P/B 0.38 is at the 1th percentile (median 0.95).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSPLILNifty 50Difference
1 week-3.7%-2.8% -1.0 pts
1 month-10.0%-6.8% -3.2 pts
3 months-9.9%-7.6% -2.3 pts
6 months+32.6%+0.4% +32.2 pts
1 year-28.6%-9.9% -18.7 pts
2 years-53.3%-13.6% -39.7 pts
3 years-55.5%+14.2% -69.7 pts
5 years-39.2%+27.9% -67.1 pts

Red flags

F-score 5 of 8
lookProfit leans on other income Other income was 315% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹19 Cr +16.6% vs Jun 2025. Net profit ₹2 Cr +134.1%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2023-09-21Annual General Meeting
2022-09-21Annual General Meeting
2021-09-21 Annual General Meeting
2020-09-10 Annual General Meeting
2019-09-19 Annual General Meeting
2018-09-18 Annual General Meeting
2017-09-21 Annual General Meeting
2016-09-21 Annual General Meeting
2015-09-14 Annual General Meeting
2014-09-15Annual General Meeting
2013-09-16Annual General Meeting
2012-09-17Annual General Meeting
2011-09-16Annual General Meeting
2010-09-08Annual General Meeting
2009-09-17Annual General Meeting
2008-09-17Annual General Meeting
2007-09-14Agm/Dividend-10%
2006-09-15Agm
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of SPL Industries Ltd?

SPL Industries Ltd (SPLIL) has a market capitalisation of Rs 89.4 Cr. at the 2026-10-01 close.

What is the P/E ratio of SPL Industries Ltd?

SPL Industries Ltd trades at a P/E of 10.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were SPL Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, SPL Industries Ltd sales was Rs 19 Cr (+16.6% vs Jun 2025) and net profit was Rs 2 Cr.

What is the 52-week high and low of SPL Industries Ltd?

The 52-week high is Rs 45.20 and the 52-week low is Rs 20.20.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03