Southern Magnesium & Chemicals Ltd

South. Magnesium Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Southern Magnesium & Chemicals Ltd

₹ 129 -1.97%
11 Jun 10:54 a.m.
southernmagnesium.com BSE: 513498
About

Incorporated in 1985, Southern Magnesium & Chemicals Ltd is in the business of Magnesium Metal and related goods[1]

Key Points

Business Overview:[1][2]
SMCL is promoted by Dr. N B Prasad and family. It set up a project at Gowripatnam, Andhra Pradesh, to manufacture magnesium metal, in a joint venture with the Andhra Pradesh Industrial Development Corporation. It was the first and only company in India to commercially produce Magnesium Metal

Website BSE
  • Market Cap ₹ 38.8 Cr.
  • Current Price ₹ 129
  • High / Low ₹ 469 / 127
  • Stock P/E 12.1
  • Book Value ₹ 43.1
  • Dividend Yield 0.00 %
  • ROCE 31.2 %
  • ROE 28.3 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 41.9%
  • Debtor days have improved from 53.8 to 15.6 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost

* 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

Commodities Metals & Mining Minerals & Mining Industrial Minerals

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
0.17 2.93 1.06 2.79 1.80 1.38 2.56 2.88 2.65 5.95 3.93 1.74 0.81
0.41 1.13 0.66 1.18 0.74 0.74 1.37 1.42 1.68 3.60 2.55 1.36 1.01
Operating Profit -0.24 1.80 0.40 1.61 1.06 0.64 1.19 1.46 0.97 2.35 1.38 0.38 -0.20
OPM % -141.18% 61.43% 37.74% 57.71% 58.89% 46.38% 46.48% 50.69% 36.60% 39.50% 35.11% 21.84% -24.69%
0.00 0.01 0.01 0.01 0.05 0.04 0.11 0.09 0.10 0.05 0.15 0.16 0.20
Interest 0.01 0.01 0.00 0.00 0.00 0.01 0.03 0.03 0.03 0.01 0.00 0.05 0.08
Depreciation 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.02
Profit before tax -0.27 1.79 0.40 1.61 1.10 0.66 1.26 1.51 1.02 2.37 1.51 0.47 -0.10
Tax % -25.93% 25.70% 25.00% 26.09% 33.64% 27.27% 27.78% 21.85% 24.51% 25.32% 25.17% 27.66% -20.00%
-0.21 1.33 0.30 1.18 0.73 0.48 0.91 1.18 0.76 1.78 1.14 0.35 -0.07
EPS in Rs -0.70 4.43 1.00 3.93 2.43 1.60 3.03 3.93 2.53 5.93 3.80 1.17 -0.23
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1.75 5.46 3.22 6.32 1.54 4.42 1.59 2.01 2.34 8.57 9.47 12.43
1.44 2.83 1.70 3.39 2.21 2.63 1.79 1.97 1.72 3.72 5.21 8.52
Operating Profit 0.31 2.63 1.52 2.93 -0.67 1.79 -0.20 0.04 0.62 4.85 4.26 3.91
OPM % 17.71% 48.17% 47.20% 46.36% -43.51% 40.50% -12.58% 1.99% 26.50% 56.59% 44.98% 31.46%
0.00 0.83 0.03 0.07 -0.29 0.05 0.03 0.03 0.04 0.09 0.34 0.57
Interest 0.05 0.07 0.09 0.08 0.09 0.08 0.08 0.09 0.06 0.01 0.10 0.15
Depreciation 0.02 0.02 0.02 0.02 0.05 0.07 0.09 0.10 0.10 0.05 0.05 0.06
Profit before tax 0.24 3.37 1.44 2.90 -1.10 1.69 -0.34 -0.12 0.50 4.88 4.45 4.27
Tax % 0.00% 3.26% 34.72% 34.83% -1.82% 18.93% -35.29% -16.67% 22.00% 27.87% 25.17% 25.06%
0.24 3.26 0.94 1.90 -1.08 1.37 -0.23 -0.09 0.40 3.53 3.33 3.20
EPS in Rs 0.80 10.87 3.13 6.33 -3.60 4.57 -0.77 -0.30 1.33 11.77 11.10 10.67
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 9%
5 Years: 51%
3 Years: 74%
TTM: 31%
Compounded Profit Growth
10 Years: 3%
5 Years: 74%
3 Years: 100%
TTM: -4%
Stock Price CAGR
10 Years: 20%
5 Years: 60%
3 Years: 87%
1 Year: -45%
Return on Equity
10 Years: 36%
5 Years: 36%
3 Years: 42%
Last Year: 28%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Reserves -5.69 -3.34 -2.39 -0.50 -1.58 -0.21 -0.44 -0.54 -0.14 3.39 6.72 9.92
2.97 2.34 1.83 1.22 1.40 0.55 0.72 1.35 1.15 0.19 2.44 3.29
1.19 0.37 0.88 2.37 0.73 0.48 0.21 0.15 0.39 1.02 0.84 3.41
Total Liabilities 1.47 2.37 3.32 6.09 3.55 3.82 3.49 3.96 4.40 7.60 13.00 19.62
0.37 0.34 0.32 0.31 0.49 0.42 0.55 0.47 0.39 0.38 0.36 0.30
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1.09 2.03 3.00 5.78 3.06 3.40 2.94 3.49 4.01 7.22 12.64 19.32
Total Assets 1.47 2.37 3.32 6.09 3.55 3.82 3.49 3.96 4.40 7.60 13.00 19.62

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.05 1.11 0.50 1.00 0.07 1.07 -0.26 0.16 0.40 1.76 -3.08 4.73
0.00 0.69 0.01 0.03 -0.22 -0.09 0.15 -0.72 -0.14 0.05 0.11 -5.45
-0.01 -1.59 -0.61 -0.69 0.09 -0.93 0.09 0.54 -0.25 -0.98 2.16 0.70
Net Cash Flow 0.04 0.22 -0.10 0.34 -0.06 0.04 -0.01 -0.03 0.01 0.83 -0.81 -0.02

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 98.03 54.15 115.62 69.88 52.14 21.47 22.96 19.98 32.76 26.83 119.10 15.56
Inventory Days 222.36 136.66 669.17 465.86 647.30 568.61 1,355.71 843.82 1,126.74 326.13 570.63 559.59
Days Payable 8.39 0.00 0.00 100.86 28.52 0.00 0.00 23.55 0.00 0.00 0.00 127.23
Cash Conversion Cycle 311.99 190.81 784.79 434.88 670.93 590.08 1,378.67 840.24 1,159.50 352.97 689.73 447.92
Working Capital Days -35.46 98.94 227.84 174.99 452.69 189.11 560.13 404.95 369.68 69.00 303.33 220.53
ROCE % 59.79% 230.70% 68.92% 96.75% -20.80% 57.47% -7.85% -0.85% 14.32% 92.35% 48.56% 31.16%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
53.36% 53.36% 53.36% 53.36% 53.36% 54.16% 54.16% 54.16% 54.16% 51.92% 51.14% 50.94%
11.25% 11.25% 11.25% 11.25% 11.25% 11.25% 11.25% 11.25% 11.25% 11.25% 11.25% 11.25%
35.39% 35.39% 35.39% 35.39% 35.38% 34.59% 34.59% 34.59% 34.59% 36.82% 37.61% 37.81%
No. of Shareholders 4,0074,3744,3914,4154,7004,5854,8675,0805,3736,1216,3226,344

* 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

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