S. P. Apparels Limited (SPAL) — Tangible Net Worth Ratio
S. P. Apparels Limited (SPAL) has a Tangible Net Worth Ratio of 98.5% as of September 2025. This metric is calculated by deducting intangible assets (Rs131.87 Million) from net assets (Rs8.92 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See what is S. P. Apparels Limited's book value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
S. P. Apparels Limited Tangible Net Worth Ratio (2011–2025)
This chart shows how S. P. Apparels Limited's Tangible Net Worth Ratio has changed across 15 annual periods from 2011 to 2025. As of September 2025, the ratio stands at 98.5%, reflecting net assets of Rs8.92 Billion with intangible assets of Rs131.87 Million INR. Also explore S. P. Apparels Limited equity growth rate to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for S. P. Apparels Limited (2011–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for S. P. Apparels Limited from 2011 to 2025, covering 15 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see SPAL market cap overview.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 98.4% | Rs8.50 Billion | Rs138.11 Million | Rs14.56 Billion | ▼ -1.6 pp |
| 2024 | 100.0% | Rs7.57 Billion | Rs3.40 Million | Rs11.42 Billion | ▲ +0.0 pp |
| 2023 | 99.9% | Rs6.67 Billion | Rs3.47 Million | Rs10.97 Billion | ▼ 0.0 pp |
| 2022 | 100.0% | Rs6.31 Billion | Rs180.00K | Rs10.62 Billion | ▲ +0.0 pp |
| 2021 | 100.0% | Rs5.52 Billion | Rs1.05 Million | Rs9.12 Billion | ▲ +0.0 pp |
| 2020 | 100.0% | Rs5.17 Billion | Rs1.84 Million | Rs8.92 Billion | ▲ +0.0 pp |
| 2019 | 99.9% | Rs4.77 Billion | Rs2.61 Million | Rs8.87 Billion | ▲ +0.0 pp |
| 2018 | 99.9% | Rs3.91 Billion | Rs3.39 Million | Rs8.10 Billion | ▲ +0.1 pp |
| 2017 | 99.9% | Rs3.83 Billion | Rs5.41 Million | Rs6.83 Billion | ▲ +0.1 pp |
| 2016 | 99.8% | Rs1.27 Billion | Rs2.76 Million | Rs5.61 Billion | ▲ +0.2 pp |
| 2015 | 99.6% | Rs1.13 Billion | Rs4.25 Million | Rs5.35 Billion | ▲ +0.2 pp |
| 2014 | 99.4% | Rs894.08 Million | Rs5.50 Million | Rs5.25 Billion | ▲ +0.3 pp |
| 2013 | 99.1% | Rs757.01 Million | Rs6.75 Million | Rs5.31 Billion | ▲ +0.2 pp |
| 2012 | 98.9% | Rs736.70 Million | Rs8.00 Million | Rs5.57 Billion | ▲ +1.1 pp |
| 2011 | 97.8% | Rs440.77 Million | Rs9.58 Million | Rs5.36 Billion | — |