S. P. Apparels Limited (SPAL) — Cash Flow Quality Index
S. P. Apparels Limited (SPAL) has a Cash Flow Quality Index of 3.63x as of September 2025. Operating cash flow of Rs1.26 Billion exceeds net income of Rs347.04 Million, indicating high earnings quality where cash backs reported profits. Explore SPAL operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
S. P. Apparels Limited Cash Flow Quality Index (2012–2025)
Historical Cash Flow Quality Index for S. P. Apparels Limited across 14 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see SPAL cash generation efficiency.
Annual Cash Flow Quality Index for S. P. Apparels Limited (2012–2025)
Year-by-year earnings quality comparison for S. P. Apparels Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.47x | Rs444.18 Million | Rs951.02 Million | ▼ -47.1% |
| 2024 | 0.88x | Rs792.04 Million | Rs896.25 Million | ▼ -54.7% |
| 2023 | 1.95x | Rs2.16 Billion | Rs1.11 Billion | ▲ +732.4% |
| 2022 | 0.23x | Rs268.93 Million | Rs1.15 Billion | ▼ -82.8% |
| 2021 | 1.36x | Rs805.04 Million | Rs591.42 Million | ▼ -10.9% |
| 2020 | 1.53x | Rs827.06 Million | Rs541.40 Million | ▲ +103.1% |
| 2019 | 0.75x | Rs823.33 Million | Rs1.09 Billion | ▲ +4681.1% |
| 2018 | -0.02x | Rs-11.67 Million | Rs710.66 Million | ▼ -102.9% |
| 2017 | 0.56x | Rs488.85 Million | Rs870.52 Million | ▼ -67.8% |
| 2016 | 1.74x | Rs487.81 Million | Rs279.94 Million | ▼ -49.1% |
| 2015 | 3.42x | Rs835.91 Million | Rs244.25 Million | ▼ -60.7% |
| 2014 | 8.71x | Rs580.97 Million | Rs66.67 Million | ▼ -73.8% |
| 2013 | 33.31x | Rs787.40 Million | Rs23.64 Million | ▲ +3818.0% |
| 2012 | -0.90x | Rs-86.96 Million | Rs97.07 Million | — |