Promoter holding
64.27%
SL
S.P.Apparels Limited - Due diligence report
A 360° intelligence report on S.P. Apparels: trust score, financial health, credit view, compliance, directors, growth and distress signals …
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S.P. Apparels — 360° Intelligence Report
Generated from MCA filings & public records70/100
Trust Score
Moderate
S.P. Apparels is assessed as Moderate with a Trust Score of 70/100. S.P. Apparels is an active public limited indian non-government company incorporated in 2005, operating in the Fashion and Textile sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 09 Jul 2026 from the latest processed filings. S.P.Apparels Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
70/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
48/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 3 open (362.50 cr) · 40 satisfied (1,005.62 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of Mysore | 12 | 48.0 cr |
| State Bank Of India | 3 | 48.0 cr |
| Idbi Bank Limited | 5 | 48.0 cr |
| Hdfc Bank Limited | 2 | 48.0 cr |
| Axis Bank Limited | 3 | 48.0 cr |
| Indian Bank | 1 | 48.0 cr |
Compliance Score: 48/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE.
- Litigation present in 2 court forum(s).
- Delayed payments to MSME suppliers disclosed (104 disclosure(s)).
- 3 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SUNDARARAJAN CHENDURAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HARIHARA SHARMA LAKSHMI PRIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHATHAMUR RAMAN RAJAGOPAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIJAYAKUMAR BALAJI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRINIVAS CHIDAMBARAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVISHANKAR BALARAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| K.VINODHINI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PERUMAL SUNDARARAJAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUNDARARAJAN SHANTHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUNDARARAJAN LATHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Kanagaraj Vinodhini | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- SUNDARARAJAN CHENDURAN has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 3 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
4
Group entities
4
Capital events
-
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| S.p Retail Ventures Limited | Subsidiary Company | 74.00% |
| Young Brand Apparel Private Limited | Subsidiary Company | 74.00% |
| Young Brand Global Private Limited | Subsidiary Company | 74.00% |
| Crocodile Products Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: SUNDARARAJAN CHENDURAN (Managing Director) · VIJAYAKUMAR BALAJI (CFO) · PERUMAL SUNDARARAJAN (Managing Director) · SUNDARARAJAN SHANTHA (Managing Director) · SUNDARARAJAN LATHA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Asset base grew 24% - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 20+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 0.86 in a year.
3 director exits within 2 years.
Compliance score is weak (48/100).
3 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 2.91 cr.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence61/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment83/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 362.50 cr already registered.
- Compliance gaps should be priced into terms.
Investor view83/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events20 Nov 2025
Director ceased
PERUMAL SUNDARARAJAN
12 Nov 2025
Director appointed
SRINIVAS CHIDAMBARAM (Additional Director)
Director ceased
ARAVINDA SUNDARA ANAND KUMAR
01 Sep 2025
Last AGM held
Annual general meeting
16 Jun 2025
Charge satisfied
Hdfc Bank Limited
08 Apr 2025
Director ceased
RAVISHANKAR BALARAMAN
31 Mar 2025
Latest balance sheet
Filed with ROC
07 Mar 2025
Director appointed
RAVISHANKAR BALARAMAN (Director)
13 Sep 2024
Charge satisfied
Idbi Bank Limited
14 May 2024
Charge created
Hdfc Bank Limited - 60.00 cr
19 Mar 2024
Charge satisfied
State Bank Of India
19 May 2023
Charge satisfied
Idbi Bank Limited
11 Aug 2022
Director appointed
SUNDARARAJAN SHANTHA (Managing Director)
Director ceased
SUNDARARAJAN CHENDURAN
11 Feb 2022
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
11 active director(s) / partner(s); review board churn before relying on management continuity.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 4 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
5 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Ramco Group | L17111TN1936PLC002298 | Rajapaliyam., Tamil Nadu, India |
| Luckyyarn Tex India Private Limited | U17111TZ2006PTC013103 | Erode, Tamil Nadu, India |
| Dodhia Synthetics | U17120MH1987PLC042131 | Bhiwandi, Maharashtra, India |
| Raymond Uco Denim Private Limited | U17115MH2006PTC162450 | Mumbai, Maharashtra, India |
| Texport Industries | U18101KA1979PTC187684 | Bangalore North, Karnataka, India |
| Sumeet | L45200GJ1988PLC011049 | Surat, Gujarat, India |
| Ganeshaecosphere | L51109UP1987PLC009090 | Kanpur Dehat, Uttar Pradesh, India |
| Kitex Garments | L18101KL1992PLC006528 | Kunnathunad, Kerala, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify S.P. Apparels before audits and certifications: compliance score 48/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of S.P. Apparels: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for S.P. Apparels - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 70/100, distress signals and MSME payment-delay disclosures - know whether S.P. Apparels pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for S.P. Apparels - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is S.P. Apparels an active company?
S.P. Apparels has MCA status “Active” with a compliance score of 48/100 (Caution Indicated).
Is S.P. Apparels financially healthy?
S.P. Apparels has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with S.P. Apparels?
Its overall Trust Score is 70/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls S.P. Apparels?
Promoters hold a minority stake - exact percentages are in the full report. 11 active director(s) are on record.
Does S.P. Apparels have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 40 earlier charge(s) stand satisfied.
Is S.P. Apparels up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 48/100 (Caution Indicated).
Is it risky to lend to S.P. Apparels?
Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
