Southern Petrochemicals Industries Corporation Ltd

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Southern Petrochemicals Industries Corporation Ltd

₹ 81.6 2.90%
24 Apr - 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 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 ₹ 1,659 Cr.
  • Current Price ₹ 81.6
  • High / Low ₹ 108 / 62.0
  • Stock P/E 10.2
  • Book Value ₹ 52.4
  • Dividend Yield 1.84 %
  • ROCE 29.6 %
  • ROE 35.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 47.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.1%

Cons

  • The company has delivered a poor sales growth of 7.25% 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
427 351 499 616 492 268 751 708 699 672 569 744 506
413 329 456 541 429 274 668 586 601 620 487 659 450
Operating Profit 13 22 43 75 63 -5 83 122 97 51 82 85 56
OPM % 3% 6% 9% 12% 13% -2% 11% 17% 14% 8% 14% 11% 11%
8 38 13 12 16 15 9 11 14 7 11 12 18
Interest 5 1 3 8 2 1 7 7 11 7 5 8 13
Depreciation 9 10 13 14 15 2 12 11 11 10 10 10 9
Profit before tax 8 48 40 64 62 7 73 116 90 41 78 80 52
Tax % 18% -1% 8% 4% 4% 25% 2% 2% 1% 38% 34% 34% 36%
6 49 37 62 60 5 72 114 90 25 51 53 33
EPS in Rs 0.31 2.39 1.82 3.02 2.93 0.25 3.53 5.59 4.40 1.25 2.52 2.58 1.63
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,713 2,344 1,574 2,237 1,931 1,499 1,994 2,592 2,079 1,527 1,875 2,829 2,490
2,600 2,311 1,662 2,174 1,891 1,445 1,883 2,492 1,966 1,456 1,699 2,474 2,217
Operating Profit 113 33 -88 63 40 54 111 100 113 71 176 354 274
OPM % 4% 1% -6% 3% 2% 4% 6% 4% 5% 5% 9% 13% 11%
60 1,177 215 11 38 50 20 34 24 58 56 41 49
Interest 88 55 31 32 15 11 41 36 34 14 14 31 33
Depreciation 60 62 60 34 32 31 40 32 32 38 44 44 39
Profit before tax 25 1,094 37 8 31 63 50 66 70 77 174 321 251
Tax % 106% -0% -9% -37% 0% 9% 9% 4% 4% 4% 6% 6%
-2 1,098 39 10 31 57 45 63 67 74 163 301 163
EPS in Rs -0.13 54.00 1.91 0.51 1.52 2.81 2.23 3.09 3.31 3.64 8.02 14.77 7.98
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 6% 10%
Compounded Sales Growth
10 Years: 2%
5 Years: 7%
3 Years: 11%
TTM: 3%
Compounded Profit Growth
10 Years: 21%
5 Years: 47%
3 Years: 65%
TTM: -42%
Stock Price CAGR
10 Years: 19%
5 Years: 27%
3 Years: 39%
1 Year: 19%
Return on Equity
10 Years: 18%
5 Years: 25%
3 Years: 28%
Last Year: 36%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 166 204 204 204 204 204 204 204 204 204 204 204 204
Reserves -1,119 7 34 42 73 96 141 167 231 312 490 782 864
Preference Capital 12 12 12 12 12 0 0 0 0 0 0 0
1,252 236 490 137 130 536 263 400 408 104 305 401 539
782 527 810 1,046 1,241 415 867 1,264 1,251 1,100 693 816 256
Total Liabilities 1,082 973 1,537 1,429 1,648 1,250 1,475 2,035 2,093 1,720 1,692 2,202 1,863
631 587 360 344 324 263 247 233 353 525 682 657 639
CWIP 34 23 26 33 27 23 35 69 26 18 2 1 27
Investments 3 12 11 10 10 66 74 88 98 114 174 192 217
414 352 1,140 1,042 1,286 898 1,119 1,645 1,616 1,062 834 1,352 981
Total Assets 1,082 973 1,537 1,429 1,648 1,250 1,475 2,035 2,093 1,720 1,692 2,202 1,863

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
65 101 -323 394 43 -348 330 67 136 361 -106 -31
374 8 6 -6 -13 -20 -40 -101 -151 -159 -156 -16
-475 -78 292 -394 -18 360 -290 102 6 -188 189 58
Net Cash Flow -37 32 -25 -6 12 -8 -0 69 -8 14 -73 11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 4 6 7 5 13 22 9 2 2 2 0 1
Inventory Days 31 30 83 39 33 106 65 43 42 160 138 40
Days Payable 70 59 259 248 373 171 254 276 364 425 150 108
Cash Conversion Cycle -34 -23 -170 -204 -327 -43 -180 -231 -321 -263 -12 -67
Working Capital Days -83 -16 62 -4 -46 72 21 21 1 -66 -6 38
ROCE % 17% -3% -3% 7% 7% 7% 12% 15% 13% 13% 23% 30%

Shareholding Pattern

Numbers in percentages

11 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.

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

Documents

Announcements

Annual reports