Southern Petrochemicals Industries Corporation Ltd

About

Southern Petrochemical Industries Corporation Limited is engaged in manufacturing and selling of urea, a nitrogenous chemical fertilizer.

  • Market Cap 904 Cr.
  • Current Price 44.4
  • High / Low 68.4 / 18.1
  • Stock P/E 5.88
  • Book Value 30.8
  • Dividend Yield 0.00 %
  • ROCE 12.5 %
  • ROE 15.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 43.79% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -4.58% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.71.32 Cr.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
689 456 554 628 382 515 320 429 427 351 499 616
654 431 521 601 366 479 305 415 413 329 456 541
Operating Profit 34 25 33 27 16 36 15 14 13 22 43 75
OPM % 5% 6% 6% 4% 4% 7% 5% 3% 3% 6% 9% 12%
Other Income 4 22 5 6 5 8 3 9 8 38 13 12
Interest 5 20 12 12 4 6 3 5 5 1 3 8
Depreciation 9 8 8 8 8 9 9 9 9 10 13 14
Profit before tax 24 19 19 13 8 30 6 10 8 48 40 64
Tax % 2% 5% 5% 5% 11% 1% 12% 14% 18% -1% 8% 4%
Net Profit 24 19 18 13 7 30 5 8 6 49 37 62
EPS in Rs 1.16 0.91 0.88 0.62 0.36 1.45 0.25 0.42 0.31 2.39 1.82 3.02

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
1,112 1,327 2,713 2,344 1,574 2,237 1,931 1,499 1,994 2,592 2,079 1,527 1,892
1,492 1,419 2,600 2,311 1,662 2,174 1,891 1,445 1,883 2,492 1,966 1,457 1,738
Operating Profit -380 -92 113 33 -88 63 40 54 111 100 113 70 153
OPM % -34% -7% 4% 1% -6% 3% 2% 4% 6% 4% 5% 5% 8%
Other Income 592 -469 60 1,177 215 11 38 50 20 34 24 59 71
Interest 26 32 88 55 31 32 15 11 41 36 34 14 17
Depreciation 154 70 60 62 60 34 32 31 40 32 32 38 47
Profit before tax 31 -665 25 1,094 37 8 31 63 50 66 70 77 161
Tax % 33% -0% 106% -0% -9% -37% 0% 9% 9% 4% 4% 4%
Net Profit 102 -626 -2 1,100 39 10 31 57 45 63 67 74 154
EPS in Rs -37.64 -0.13 54.00 1.91 0.51 1.52 2.81 2.23 3.09 3.31 3.64 7.54
Dividend Payout % 1% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: -5%
3 Years: -9%
TTM: 15%
Compounded Profit Growth
10 Years: 19%
5 Years: 44%
3 Years: 20%
TTM: 206%
Stock Price CAGR
10 Years: 8%
5 Years: 17%
3 Years: 20%
1 Year: 125%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 17%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
198 179 179 216 216 216 216 204 204 204 204 204 204
Reserves -460 -1,133 -1,135 -8 19 27 58 96 141 167 231 312 423
Borrowings 5,514 1,596 1,252 236 490 137 130 536 263 400 408 104 104
1,936 1,186 799 541 824 1,061 1,255 415 867 1,264 1,251 1,093 1,405
Total Liabilities 7,121 1,815 1,082 973 1,537 1,429 1,648 1,250 1,475 2,035 2,093 1,712 2,135
1,592 1,002 631 587 360 344 324 263 247 233 353 525 564
CWIP 4,776 39 34 23 26 33 27 23 35 69 26 18 16
Investments 95 12 3 12 11 10 10 66 74 88 98 114 159
658 763 414 352 1,140 1,042 1,286 898 1,119 1,645 1,616 1,055 1,395
Total Assets 7,121 1,815 1,082 973 1,537 1,429 1,648 1,250 1,475 2,035 2,093 1,712 2,135

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-34 -9 65 101 -323 394 43 -348 330 67 136 336
185 353 374 8 6 -6 -13 -20 -40 -101 -151 -159
-332 -481 -475 -78 292 -394 -18 360 -290 102 6 -188
Net Cash Flow -181 -136 -37 32 -25 -6 12 -8 -0 69 -8 -11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 29 29 4 6 7 5 13 22 9 2 2 2
Inventory Days 126 97 31 30 83 39 33 106 65 43 42 157
Days Payable 819 281 70 59 259 7 373 171 254 276 364 436
Cash Conversion Cycle -664 -155 -34 -23 -170 37 -327 -43 -180 -231 -321 -278
Working Capital Days -389 -158 -44 -14 72 -4 -46 72 21 25 24 -68
ROCE % -3% 0% 19% -3% -3% 7% 7% 7% 12% 15% 13% 12%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents