Southern Petrochemicals Industries Corporation Ltd

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Southern Petrochemicals Industries Corporation Ltd

₹ 70.7 -2.74%
21 Nov - close price
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 company’s product offerings include Primary nutrients, Secondary Nutrients, Water Soluble Fertilisers, Organic Fertilisers, Non-edible deoiled Cake Fertilisers, pesticides, industrial products, etc. [1]

Website BSE NSE
  • Market Cap ₹ 1,441 Cr.
  • Current Price ₹ 70.7
  • High / Low ₹ 108 / 64.4
  • Stock P/E 9.30
  • Book Value ₹ 56.4
  • Dividend Yield 2.12 %
  • ROCE 17.8 %
  • ROE 14.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 18.7% CAGR over last 5 years

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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
616 492 268 751 708 699 672 569 744 506 125 754 760
541 429 274 668 586 601 620 487 659 450 98 656 693
Operating Profit 75 63 -5 83 122 97 51 82 85 56 27 98 67
OPM % 12% 13% -2% 11% 17% 14% 8% 14% 11% 11% 22% 13% 9%
12 16 15 9 11 14 7 11 12 14 -36 14 6
Interest 8 2 1 7 7 11 7 5 8 8 21 12 11
Depreciation 14 15 2 12 11 11 10 10 10 9 9 9 10
Profit before tax 64 62 7 73 116 90 41 78 80 52 -40 91 53
Tax % 4% 4% 25% 2% 2% 1% 39% 34% 34% 36% -39% 31% 33%
62 60 5 72 114 90 25 51 53 33 -24 63 35
EPS in Rs 3.02 2.93 0.25 3.53 5.59 4.40 1.25 2.52 2.58 1.63 -1.19 3.07 1.73
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,344 1,574 2,237 1,931 1,499 1,994 2,592 2,079 1,527 1,875 2,829 1,944 2,145
2,311 1,662 2,174 1,891 1,445 1,883 2,492 1,966 1,456 1,699 2,474 1,690 1,897
Operating Profit 33 -88 63 40 54 111 100 113 71 176 354 254 248
OPM % 1% -6% 3% 2% 4% 6% 4% 5% 5% 9% 13% 13% 12%
1,177 215 11 38 50 20 34 24 58 56 41 -8 -3
Interest 55 31 32 15 11 41 36 34 14 14 31 38 51
Depreciation 62 60 34 32 31 40 32 32 38 44 44 38 38
Profit before tax 1,094 37 8 31 63 50 66 70 77 174 321 170 156
Tax % -0% -9% -37% 0% 9% 9% 4% 4% 4% 6% 6% 34%
1,098 39 10 31 57 45 63 67 74 163 301 113 107
EPS in Rs 54.00 1.91 0.51 1.52 2.81 2.23 3.09 3.31 3.64 8.02 14.77 5.55 5.24
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 6% 10% 27%
Compounded Sales Growth
10 Years: 2%
5 Years: -6%
3 Years: 8%
TTM: -20%
Compounded Profit Growth
10 Years: 18%
5 Years: 19%
3 Years: 26%
TTM: -29%
Stock Price CAGR
10 Years: 11%
5 Years: 30%
3 Years: 17%
1 Year: 5%
Return on Equity
10 Years: 19%
5 Years: 23%
3 Years: 25%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 204 204 204 204 204 204 204 204 204 204 204 204 204
Reserves 7 34 42 73 96 141 167 231 312 490 782 872 945
249 503 149 143 536 263 400 408 104 305 401 471 564
515 797 1,034 1,228 415 867 1,264 1,251 1,100 693 816 218 397
Total Liabilities 973 1,537 1,429 1,648 1,250 1,475 2,035 2,093 1,720 1,692 2,202 1,764 2,110
587 360 344 324 263 247 233 353 525 682 657 652 635
CWIP 23 26 33 27 23 35 69 26 18 2 1 34 58
Investments 12 11 10 10 66 74 88 98 114 174 192 225 251
352 1,140 1,042 1,286 898 1,119 1,645 1,616 1,062 834 1,352 853 1,165
Total Assets 973 1,537 1,429 1,648 1,250 1,475 2,035 2,093 1,720 1,692 2,202 1,764 2,110

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
101 -323 394 43 -348 330 67 136 361 -106 -11 227
8 6 -6 -13 -20 -40 -101 -151 -159 -156 -34 -175
-78 292 -394 -18 360 -290 102 6 -188 189 57 0
Net Cash Flow 32 -25 -6 12 -8 -0 69 -8 14 -73 11 53

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 6 7 5 13 22 9 2 2 2 0 1 3
Inventory Days 30 83 39 33 106 65 43 42 160 138 40 27
Days Payable 59 259 248 373 171 254 276 364 425 150 108 17
Cash Conversion Cycle -23 -170 -204 -327 -43 -180 -231 -321 -263 -12 -67 13
Working Capital Days -16 62 -4 -46 72 21 21 1 -66 -6 38 36
ROCE % -3% -3% 7% 7% 7% 12% 15% 13% 13% 23% 30% 18%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
53.27% 53.27% 53.27% 53.28% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38%
0.00% 0.00% 0.00% 0.45% 0.14% 0.28% 0.21% 0.42% 0.50% 0.38% 0.34% 0.65%
2.89% 3.35% 3.00% 2.37% 2.39% 2.37% 2.37% 2.09% 1.68% 1.68% 1.69% 1.17%
0.09% 0.09% 0.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
43.73% 43.28% 43.62% 43.90% 44.09% 43.97% 44.04% 44.10% 44.44% 44.56% 44.59% 44.80%
No. of Shareholders 90,72591,25493,90994,42195,82999,1141,00,1441,03,3201,05,8991,24,4301,25,0291,24,489

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports