1 Share Becomes 5: Garment Major SP Apparels Sets Stock Split Record Date as Shares Surge 35% in 2026

• by Akanksha Mishra
• 2026-10-06 15:35:00

Garment and textile manufacturer SP Apparels Ltd, a constituent of the BSE Consumer Discretionary Index, has officially finalized the record date for its upcoming corporate action on Tuesday, October 6, 2026. Following board-level approvals and shareholder sign-offs, the company announced that it will execute a 1:5 stock split, sub-dividing each existing equity share of ₹10 face value into five separate shares with a face value of ₹2 each. Market participants greeted the development positively during Tuesday's market hours, sending the stock higher by over 1% and extending its year-to-date capital appreciation to more than 35% across 2026.

The 1:5 Stock Split Blueprint: Note the December 10 Record Date

The regulatory filing outlines key timelines and structural mechanics governing the sub-division of shares:

Record Date Finalized: Following a comprehensive board meeting on Tuesday, October 6, the board of directors fixed December 10, 2026, as the official record date to determine shareholder eligibility for the sub-division.

1:5 Ratio Mechanics: Under the approved corporate action, every one fully paid-up equity share of face value ₹10 will be divided into 5 equity shares of face value ₹2 each, directly boosting market liquidity and retail participation.

AGM Ratification: The strategic split follows prior shareholder approval obtained during the company’s 21st Annual General Meeting (AGM) conducted on September 21.

Proportionate Valuation Realignment: While investors holding the stock on the cut-off date will see their share count multiplied by five, the overall portfolio value remains adjusted proportionately alongside the adjusted per-share market price.

Operational Resilience: Profit Jumps 20.4% in First Quarter Despite Flat Topline

The corporate action follows robust underlying financial performance across the company's manufacturing verticals:

Net Profit Expansion: In the first quarter of the financial year (Q1 FY27), SP Apparels delivered a consolidated net profit of ₹24.87 crore, registering an impressive 20.4% jump compared to ₹20.66 crore posted during the corresponding quarter of the previous fiscal.

EBITDA and Margin Gains: Operating earnings before interest, taxes, depreciation, and amortization (EBITDA) surged 15.9% to ₹61.36 crore from ₹52.94 crore year-on-year, pushing EBITDA margins higher to 15.3% against 13.1% in the prior-year period.

Steady Core Revenue: Consolidated operating revenue stood resilient at ₹401.08 crore during the quarter, marginally easing by 0.6% compared to ₹403.44 crore in the year-ago period, highlighting strong operational efficiency and disciplined cost control across its garment supply chain.

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