Southern Petrochemicals Industries Corporation Ltd

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Southern Petrochemicals Industries Corporation Ltd

₹ 83.9 1.65%
03 Jul 11:09 a.m.
spic.in BSE: 590030 NSE: SPIC
About

Southern Petrochemicals Industries Corporation Ltd is engaged in manufacturing and selling Urea and Nitrogenous chemical fertilizer. [1]

Key Points

Product Portfolio
The product offerings of the Co. include Primary nutrients, Secondary Nutrients, Water Soluble Fertilisers, Organic Fertilisers, Non-edible deoiled Cake Fertilisers, Bio Pesticides among other agricultural products.[1]

Website BSE NSE
  • Market Cap ₹ 1,708 Cr.
  • Current Price ₹ 83.9
  • High / Low ₹ 108 / 62.0
  • Stock P/E 14.5
  • Book Value ₹ 46.7
  • Dividend Yield 1.80 %
  • ROCE 17.0 %
  • ROE 12.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 17.6%

Cons

  • The company has delivered a poor sales growth of -5.59% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
351 499 616 492 268 751 708 699 672 569 744 506 125
323 456 541 429 274 668 586 601 620 487 659 450 98
Operating Profit 28 43 75 63 -5 83 122 97 51 82 85 56 27
OPM % 8% 9% 12% 13% -2% 11% 17% 14% 8% 14% 11% 11% 22%
22 0 1 5 16 2 4 9 5 2 4 8 -41
Interest 1 3 8 2 1 7 7 11 7 5 8 8 21
Depreciation 10 13 14 15 2 12 11 11 10 10 10 9 9
Profit before tax 37 28 54 51 8 67 109 85 39 69 71 47 -44
Tax % -14% 0% 0% 0% 0% 0% 0% 0% 39% 37% 37% 40% 34%
42 28 54 51 8 67 109 85 24 44 45 28 -29
EPS in Rs 2.09 1.36 2.63 2.53 0.38 3.28 5.35 4.18 1.16 2.16 2.21 1.38 -1.43
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,046 1,332 2,076 1,812 1,499 1,994 2,592 2,079 1,527 1,875 2,829 1,944
3,185 1,496 2,009 1,773 1,445 1,883 2,492 1,966 1,456 1,699 2,474 1,694
Operating Profit -1,139 -164 68 39 54 111 100 113 71 176 354 249
OPM % -56% -12% 3% 2% 4% 6% 4% 5% 5% 9% 13% 13%
2,331 294 9 27 14 7 21 10 28 23 20 -30
Interest 44 21 28 12 11 41 36 34 14 14 31 38
Depreciation 43 44 30 29 31 40 32 32 38 44 44 38
Profit before tax 1,105 66 18 25 26 37 53 57 47 140 300 143
Tax % 0% 0% 0% 0% 0% 0% 0% 0% -11% 0% 5% 39%
1,105 66 18 25 26 37 53 57 52 140 284 88
EPS in Rs 54.27 3.23 0.86 1.22 1.29 1.83 2.62 2.80 2.55 6.90 13.97 4.32
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 7% 11% 35%
Compounded Sales Growth
10 Years: 4%
5 Years: -6%
3 Years: 8%
TTM: -31%
Compounded Profit Growth
10 Years: 17%
5 Years: 17%
3 Years: 31%
TTM: -59%
Stock Price CAGR
10 Years: 13%
5 Years: 30%
3 Years: 20%
1 Year: 26%
Return on Equity
10 Years: 19%
5 Years: 22%
3 Years: 25%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 204 204 204 204 204 204 204 204 204 204 204 204
Reserves -78 -12 5 30 65 102 144 197 256 411 682 748
Preference Capital 12 12 12 12 0 0 0 0 0 0 0
172 468 120 120 536 263 400 408 104 305 401 471
409 762 1,001 1,214 415 867 1,264 1,251 1,100 693 816 216
Total Liabilities 706 1,421 1,331 1,568 1,219 1,436 2,012 2,059 1,664 1,612 2,103 1,639
412 309 300 281 263 247 233 353 525 682 657 652
CWIP 4 7 13 12 23 35 69 26 18 2 1 34
Investments 48 32 32 32 36 35 65 64 59 94 92 36
242 1,073 986 1,243 898 1,119 1,645 1,616 1,062 834 1,352 916
Total Assets 706 1,421 1,331 1,568 1,219 1,436 2,012 2,059 1,664 1,612 2,103 1,639

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
98 -346 389 30 -351 330 67 136 360 -106 -31 227
-7 14 -14 -16 -17 -40 -101 -151 -158 -156 -16 -175
-67 308 -381 -9 360 -290 102 6 -188 189 58 0
Net Cash Flow 25 -24 -6 5 -8 -0 69 -8 14 -73 11 53

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 2 4 3 13 22 9 2 2 2 0 1 3
Inventory Days 19 85 38 32 106 65 43 42 160 138 40 27
Days Payable 54 292 263 394 171 254 276 364 425 150 108 17
Cash Conversion Cycle -33 -204 -221 -349 -43 -180 -231 -321 -263 -12 -67 13
Working Capital Days -23 70 -4 -50 72 21 21 1 -66 -6 38 42
ROCE % -4% -4% 9% 8% 6% 11% 14% 12% 9% 21% 30%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.79% 53.27% 53.27% 53.27% 53.27% 53.28% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38%
0.00% 0.00% 0.00% 0.00% 0.00% 0.45% 0.14% 0.28% 0.21% 0.42% 0.50% 0.38%
3.06% 2.54% 2.89% 3.35% 3.00% 2.37% 2.39% 2.37% 2.37% 2.09% 1.68% 1.68%
0.09% 0.09% 0.09% 0.09% 0.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
44.06% 44.09% 43.73% 43.28% 43.62% 43.90% 44.09% 43.97% 44.04% 44.10% 44.44% 44.56%
No. of Shareholders 81,14490,10190,72591,25493,90994,42195,82999,1141,00,1441,03,3201,05,8991,24,430

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports