Southern Magnesium & Chemicals Ltd

₹ 70.5 0.66%

22 Oct - close price

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 ₹ 21.2 Cr.
Current Price ₹ 70.5
High / Low ₹ 131 / 61.2
Stock P/E
Book Value ₹ 43.5
Dividend Yield 0.00 %
ROCE 3.65 %
ROE 1.00 %
Face Value ₹ 10.0

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Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 20.6%
Debtor days have improved from 56.8 to 35.8 days.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 10.8% over past five years.
Promoter holding has decreased over last 3 years: -3.22%
Working capital days have increased from 248 days to 411 days

* 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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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1.38	2.56	2.88	2.65	5.95	3.93	1.74	0.81	0.22	1.66	0.58	0.90	0.32
	0.74	1.37	1.42	1.68	3.60	2.55	1.36	1.01	0.37	1.40	0.68	0.91	0.79
Operating Profit	0.64	1.19	1.46	0.97	2.35	1.38	0.38	-0.20	-0.15	0.26	-0.10	-0.01	-0.47
OPM %	46.38%	46.48%	50.69%	36.60%	39.50%	35.11%	21.84%	-24.69%	-68.18%	15.66%	-17.24%	-1.11%	-146.88%
	0.04	0.11	0.09	0.10	0.05	0.15	0.16	0.20	0.11	0.13	0.15	0.25	0.08
Interest	0.01	0.03	0.03	0.03	0.01	0.00	0.05	0.08	0.08	0.10	0.10	0.09	0.10
Depreciation	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.00
Profit before tax	0.66	1.26	1.51	1.02	2.37	1.51	0.47	-0.10	-0.13	0.28	-0.06	0.14	-0.49
Tax %	27.27%	27.78%	21.85%	24.51%	25.32%	25.17%	27.66%	-20.00%	-23.08%	25.00%	-16.67%	64.29%	2.04%
	0.48	0.91	1.18	0.76	1.78	1.14	0.35	-0.07	-0.10	0.21	-0.04	0.06	-0.50
EPS in Rs	1.60	3.03	3.93	2.53	5.93	3.80	1.17	-0.23	-0.33	0.70	-0.13	0.20	-1.67
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	5.46	3.22	6.32	1.54	4.42	1.59	2.01	2.34	8.57	9.47	12.43	3.36	3.46
	2.83	1.70	3.39	2.21	2.63	1.79	1.97	1.72	3.72	5.21	8.52	3.34	3.78
Operating Profit	2.63	1.52	2.93	-0.67	1.79	-0.20	0.04	0.62	4.85	4.26	3.91	0.02	-0.32
OPM %	48.17%	47.20%	46.36%	-43.51%	40.50%	-12.58%	1.99%	26.50%	56.59%	44.98%	31.46%	0.60%	-9.25%
	0.83	0.03	0.07	-0.29	0.05	0.03	0.03	0.04	0.09	0.34	0.57	0.64	0.61
Interest	0.07	0.09	0.08	0.09	0.08	0.08	0.09	0.06	0.01	0.10	0.15	0.38	0.39
Depreciation	0.02	0.02	0.02	0.05	0.07	0.09	0.10	0.10	0.05	0.05	0.06	0.04	0.03
Profit before tax	3.37	1.44	2.90	-1.10	1.69	-0.34	-0.12	0.50	4.88	4.45	4.27	0.24	-0.13
Tax %	3.26%	34.72%	34.83%	-1.82%	18.93%	-35.29%	-16.67%	22.00%	27.87%	25.17%	25.06%	45.83%
	3.26	0.94	1.90	-1.08	1.37	-0.23	-0.09	0.40	3.53	3.33	3.20	0.13	-0.27
EPS in Rs	10.87	3.13	6.33	-3.60	4.57	-0.77	-0.30	1.33	11.77	11.10	10.67	0.43	-0.90
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:	0%
5 Years:	11%
3 Years:	-27%
TTM:	-48%

Compounded Profit Growth
10 Years:	-18%
5 Years:	28%
3 Years:	-67%
TTM:	-120%

Stock Price CAGR
10 Years:	9%
5 Years:	20%
3 Years:	-23%
1 Year:	-33%

Return on Equity
10 Years:	25%
5 Years:	27%
3 Years:	21%
Last Year:	1%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
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	-3.34	-2.39	-0.50	-1.58	-0.21	-0.44	-0.54	-0.14	3.39	6.72	9.92	10.05
	2.34	1.83	1.22	1.40	0.55	0.72	1.35	1.15	0.19	2.44	3.29	4.67
	0.37	0.88	2.37	0.73	0.48	0.21	0.15	0.39	1.02	0.84	3.42	0.28
Total Liabilities	2.37	3.32	6.09	3.55	3.82	3.49	3.96	4.40	7.60	13.00	19.63	18.00
	0.34	0.32	0.31	0.49	0.42	0.55	0.47	0.39	0.38	0.36	0.30	0.23
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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	2.03	3.00	5.78	3.06	3.40	2.94	3.49	4.01	7.22	12.64	19.33	17.77
Total Assets	2.37	3.32	6.09	3.55	3.82	3.49	3.96	4.40	7.60	13.00	19.63	18.00

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1.11	0.50	1.00	0.07	1.07	-0.26	0.16	0.40	1.76	-3.08	4.73	-4.69
	0.69	0.01	0.03	-0.22	-0.09	0.15	-0.72	-0.14	0.05	0.11	-5.45	3.69
	-1.59	-0.61	-0.69	0.09	-0.93	0.09	0.54	-0.25	-0.98	2.16	0.70	0.99
Net Cash Flow	0.22	-0.10	0.34	-0.06	0.04	-0.01	-0.03	0.01	0.83	-0.81	-0.02	-0.01
Free Cash Flow	1.79	0.49	0.99	-0.15	1.07	-0.49	0.14	0.39	1.72	-3.12	4.73	-4.67
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	42%	36%	52%	-31%	76%	100%	375%	65%	50%	-43%	158%	-22,100%

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	54.15	115.62	69.88	52.14	21.47	22.96	19.98	32.76	26.83	119.10	15.56	35.85
Inventory Days	136.66	669.17	465.86	647.30	568.61	1,355.71	843.82	1,126.74	326.13	570.63	559.59	1,416.55
Days Payable	0.00	0.00	100.86	28.52	0.00	0.00	23.55	0.00	0.00	0.00	127.23	0.00
Cash Conversion Cycle	190.81	784.79	434.88	670.93	590.08	1,378.67	840.24	1,159.50	352.97	689.73	447.92	1,452.40
Working Capital Days	-57.49	20.40	123.01	191.98	165.98	449.94	199.75	221.50	69.00	209.29	123.92	410.62
ROCE %	230.70%	68.92%	96.75%	-20.80%	57.47%	-7.85%	-0.85%	14.32%	92.35%	48.56%	31.16%	3.65%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Number of permanent employees
count

xx	xx	xx	xx	xx	xx	xx	xx	xx	xx	xx
xxx.xx	xxx.xx	xxx.xx	xx.xx	xxx.xx	xxx.xx	xx.xx	xxx.xx	xx.xx	xx.xx	xx.xx
xx.xx	xx.xx	xxx.xx

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Sale of Products as % of total revenue
%

Imported raw materials as % of total raw materials consumed
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	54.16%	54.16%	54.16%	51.92%	51.14%	50.94%	50.94%	50.94%	50.94%	50.94%	50.94%	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%
	34.59%	34.59%	34.59%	36.82%	37.61%	37.81%	37.81%	37.81%	37.80%	37.81%	37.81%	37.81%
No. of Shareholders	4,867	5,080	5,373	6,121	6,322	6,344	6,357	6,402	6,355	6,359	6,253	6,147

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	54.03%	52.95%	53.36%	53.36%	53.36%	53.36%	53.36%	54.16%	50.94%	50.94%	50.94%
	0.00%	0.00%	0.00%	0.00%	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%
	45.97%	47.05%	46.64%	46.64%	35.39%	35.39%	35.39%	34.59%	37.81%	37.81%	37.81%
No. of Shareholders	4,009	4,021	3,943	3,910	3,917	3,997	4,415	5,080	6,344	6,359	6,147

* 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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Southern Magnesium & Chemicals Ltd

Southern Magnesium & Chemicals Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports