What we do S P Apparels Ltd is a leading Indian manufacturer and exporter of knitted garments for infants and children, with a retail presence in menswear under 'Crocodile' brand. |
Founded in 1,989 |
Market share India's largest in infants and children's knitted garments export, strong domestic retail footprint, growing international presence. |
Problem solved Provides high-quality, safety-compliant garments for infants and children, addressing global demand for reliable children's apparel manufacturing. |
Top clients or who we serve Global children wear brands, menswear consumers in India, B2B garment exports, and B2C retail customers. |
Key management Chairman & MD Mr. P. Sundararajan (B.Tech, MBA), Joint MD Mrs. S. Shantha, seasoned textile industry professionals lead operations. |
Our journey and innovations Established 1989; IPO in 2016; expanded integrated manufacturing; acquired Young Brand Apparels in 2024 for intimate wear; greenfield expansions in Sri Lanka and India. |
Where we operate India, United Kingdom, Sri Lanka, Europe, USA via subsidiaries and partnerships. |
Top products or what we offer Knitted garments for infants and children, menswear under 'Crocodile' brand, children wear brands Angel & Rocket, intimate wear via Young Brand Apparels. |
Top brands Crocodile – leading menswear in India; Angel & Rocket – premium kids wear; Young Brand Apparels – women's intimate wear exporter. |
Raw materials needed Cotton and other textile fibers, yarn, dyes, embroidery materials, sewing accessories. |
Raw materials supplier Local suppliers near Tirupur, India, and international textile raw material vendors. |
Recurring vs cyclical contribution Majority revenue is recurring via ongoing manufacturing orders and retail sales; some cyclical impact from seasonal retail demand. |
Our industry position Key player in infants and children's garment export market with expanding global footprint and integrated manufacturing moat. |
Financial highlights FY25 consolidated revenue Rs. 14,073 million; PAT Rs. 951 million; 21.9% revenue growth YoY; EBITDA margin ~14%–17%; strong cash flows. |
Geographical revenue split Exports contribute ~84% (mainly outside India); domestic retail and manufacturing ~16%. |
Order book - |
Whats driving growth Capacity expansions, acquisitions (Young Brand Apparels), geographic diversification (Sri Lanka, UK), India-UK FTA benefits, and strong brand portfolio. |
Our future plans Increase machines by 1,000 in India; grow Sri Lanka capacity to 2,000 machines; expand Women's intimate wear exports; raise capital for retail growth. |
Our green promise Commitment to carbon neutrality by 2033; renewable energy use; zero liquid discharge; employee welfare and community social responsibility. |
Our people and values Around 14,000 employees; focus on ethics, inclusion, training; strong management governance and compliance culture. |
Key challenges ahead Margin pressures from freight costs, fluctuating labor efficiency, macroeconomic uncertainties, retail sector inflationary stresses. |
Interesting facts No bulk returns since inception; NABL-accredited quality lab; longstanding relationships with global children wear brands. |
Risks and strategy Mitigates risks via integrated manufacturing, diversified clientele, geographic expansion, and continuous operational efficiency enhancements. |
