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Swing Capital

SPL Industries Ltd

NSE: SPLIL BSE: 532651Textile

Incorporated in 1994, SPL Industries Ltd is a manufacturer & exporter of Knitted fabric and Knitted garments

₹28.2
52W: ₹20.2 — ₹46.5
PE 13.5 · Book ₹72.3 · -61% vs book
Market Cap₹81.7 Cr
Stock P/E13.5Price to Earnings
ROCE4.55%Return on Capital
ROE2.86%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company is almost debt free.
  • +Stock is trading at 0.39 times its book value

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of -4.66% over past five years.
  • −Company has a low return on equity of 6.73% over last 3 years.
  • −Earnings include an other income of Rs.17.6 Cr.

Shareholding Pattern

Promoters74.85%
FIIs0.13%
DIIs0%
Public24.69%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters68.93%68.93%68.93%68.93%74.97%▲6.074.97%74.88%▼0.174.85%▼0.0
FIIs0.14%0.13%▼0.00.13%0.13%0.13%0.13%0.13%0.13%
DIIs0%0%0%0%0%0%0%0%
Public30.61%30.61%30.61%30.62%▲0.024.58%▼6.024.58%24.67%▲0.124.69%▲0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales41.8231.2368.6242.4739.4926.7430.7216.6414.9714.65
Expenses40.1930.5864.940.5437.5927.330.1118.2817.3218.78
Operating Profit1.630.653.721.931.9-0.560.61-1.64-2.35-4.13
OPM %3.9%2.08%5.42%4.54%4.81%-2.09%1.99%-9.86%-15.7%-28.19%
Net Profit2.311.864.252.583.970.32.940.91-0.22.38
EPS ₹0.80.641.470.891.370.11.010.31-0.070.82

AI Insights

Revenue Trend

TTM revenue at ₹76.98Cr, down 44.8% YoY. OPM at -9.76%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1.22Cr (2% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0.13% (-0.15pp change). Promoters hold 74.85%.

Margin & Efficiency

ROCE declining from 7.15% (Mar 2014) to 4.55% (Mar 2025). Working capital days: 60.24.

Valuation

PE 13.5x with 4.55% ROCE. Price is -61% above book value of ₹72.3. Dividend yield: 0%.

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