About S P Apparels 

SP Apparels Ltd (SPAL) is a leading Indian manufacturer and exporter of knitted garments, especially known for producing infant and children’s wear on a global scale. The company has been operating since 1989 and is headquartered near Tirupur, Tamil Nadu, which is a major textile and garment hub in India.

Objectives of this study

To calculate the beta of S P Apparels   company and observe its significance.

 

Data collection

The historical data of S P Apparels  company and nifty 50 index data was downloaded from the website from the period 1/12/24 to 30/11/25. The data was manipulated to get Friday closing prices.

Literature Review

SP Apparels has shown consistent growth in revenue and profits over the years, reflecting strong operational performance. The company also maintains a healthy financial position, indicating robust business fundamentals.

 

Data analysis

The intercept = a = 15220.63809

Coeffecient = -bx = 14.3781x

a + bx = 15220.63809+ 14.3781x

The equation shows the relationship between the NIFTY 50 and the equity of SP Apparels. The positive value indicates a direct relationship between them. When the equity price of SP Apparels increases, the NIFTY 50 also rises. A 1-unit increase in the equity leads to about a 14.38-unit increase in the NIFTY 50. Overall, SP Apparels’ equity moves in the same direction as the market.

t-stat for beta is 4.1696, p value of which is 0.001334 is more than 0.001334, rather beta is statistically significant at 1% level. R2 is 0.5237, which means 52.37% of the SP Apparels is explained by nifty 50. 47.89% is the error due to the other variable which are not in the model. F is 17.38 and the p value is 0.0001334, the overall model is statistically significant.

No of observations = 48

R2 = 0.5221

F – value = 17.3853

P value significance = 0.0001334

 

 

 

References

R. Sharma, P. Gupta (2025) Financial Performance of SP Apparels Ltd: Revenue and Profit Analysis, International Journal of Textile & Apparel Studies, Vol. 7 No. 1 (2025). https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-sp-apparels-3695447

 

 

Conclusion

Since is 14.3781, it means the stock is extremely volatile compared to the NIFTY 50. A small change in the market can cause a very large change in the stock price. Such a stock carries high risk and can fall sharply during market downturns. It may give high returns in a rising market but is unstable in the long run. Therefore, it is not suitable for conservative long-term investors and is better suited for high-risk or short-term investors.