Southern Petrochemicals Industries Corporation Ltd

About [ edit ]

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

  • Market Cap 886 Cr.
  • Current Price 43.5
  • High / Low 43.5 / 13.8
  • Stock P/E 16.2
  • Book Value 23.0
  • Dividend Yield 0.00 %
  • ROCE 12.9 %
  • ROE 16.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 45.44% 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 -1.45% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.28.87 Cr.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
574.81 872.32 688.71 456.12 554.23 627.64 382.21 515.11 320.20 429.36 426.72
562.78 844.27 654.50 430.80 521.05 600.58 365.98 478.78 305.10 409.63 413.30
Operating Profit 12.03 28.05 34.21 25.32 33.18 27.06 16.23 36.33 15.10 19.73 13.42
OPM % 2.09% 3.22% 4.97% 5.55% 5.99% 4.31% 4.25% 7.05% 4.72% 4.60% 3.14%
Other Income 3.30 5.01 3.52 22.23 4.96 6.20 4.78 7.70 3.41 9.33 8.43
Interest 5.29 5.18 4.84 20.37 11.68 12.38 4.45 5.64 3.28 4.56 4.83
Depreciation 7.88 7.76 8.72 7.70 7.57 7.60 8.42 8.56 9.46 9.20 9.18
Profit before tax 2.16 20.12 24.17 19.48 18.89 13.28 8.14 29.83 5.77 15.30 7.84
Tax % 46.30% 2.14% 2.32% 4.98% 4.87% 4.67% 10.81% 0.97% 12.31% 9.35% 18.37%
Net Profit 1.16 19.70 23.61 18.52 17.98 12.67 7.26 29.54 5.05 13.87 6.39
EPS in Rs 0.06 0.97 1.16 0.91 0.88 0.62 0.36 1.45 0.25 0.68 0.31

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,828 1,112 1,327 2,713 2,344 1,574 2,237 1,931 1,499 1,994 2,592 2,079 1,691
1,812 1,259 1,419 2,604 2,311 1,576 2,174 1,891 1,445 1,883 2,492 1,966 1,607
Operating Profit 16 -147 -92 109 33 -2 63 40 54 111 100 113 85
OPM % 1% -13% -7% 4% 1% -0% 3% 2% 4% 6% 4% 5% 5%
Other Income -63 359 -469 64 1,178 129 11 38 50 20 34 24 29
Interest 136 26 32 88 55 31 32 15 11 41 36 34 18
Depreciation 136 154 70 60 62 60 34 32 31 40 32 32 36
Profit before tax -319 31 -665 25 1,094 37 8 31 63 50 66 70 59
Tax % -4% 33% -0% 106% -0% -9% -37% 0% 9% 9% 4% 4%
Net Profit -341 102 -626 -2 1,100 39 10 31 57 45 63 67 55
EPS in Rs -37.64 -0.13 54.00 1.91 0.51 1.52 2.81 2.23 3.09 3.31 2.69
Dividend Payout % -2% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:6%
5 Years:-1%
3 Years:12%
TTM:-16%
Compounded Profit Growth
10 Years:-4%
5 Years:45%
3 Years:29%
TTM:-3%
Stock Price CAGR
10 Years:6%
5 Years:10%
3 Years:10%
1 Year:206%
Return on Equity
10 Years:%
5 Years:13%
3 Years:16%
Last Year:17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
137 198 179 179 216 216 216 216 204 204 204 204 204
Reserves -629 -460 -1,133 -1,135 -8 19 27 58 96 141 167 231 264
Borrowings 6,073 5,514 1,596 1,252 236 490 137 130 536 263 400 408 106
2,280 1,936 1,186 799 541 824 1,061 1,255 415 867 1,264 1,251 1,409
Total Liabilities 7,832 7,121 1,815 1,082 973 1,537 1,429 1,648 1,250 1,475 2,035 2,093 1,982
1,813 1,592 1,002 631 587 360 344 324 263 247 233 353 336
CWIP 4,860 4,776 39 34 23 26 33 27 23 35 69 26 42
Investments 110 95 12 3 12 11 10 10 66 74 88 98 99
1,047 658 763 414 352 1,140 1,042 1,286 898 1,119 1,645 1,616 1,504
Total Assets 7,832 7,121 1,815 1,082 973 1,537 1,429 1,648 1,250 1,475 2,035 2,093 1,982

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
252 -34 -9 65 101 -323 394 43 -348 330 67 136
-145 185 353 374 8 6 -6 -13 -20 -40 -101 -151
54 -332 -481 -475 -78 292 -394 -18 360 -290 102 6
Net Cash Flow 162 -181 -136 -37 32 -25 -6 12 -8 -0 69 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -1% -3% 0% 19% -3% -3% 7% 7% 7% 12% 15% 13%
Debtor Days 30 29 29 4 6 7 5 13 22 9 2 2
Inventory Turnover 3.25 2.30 4.95 13.44 16.09 7.93 10.70 12.40 7.07 7.68 11.66 10.62

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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