MarketFriction

Southern Petrochemicals Industries Corporation Ltd

NSE SPIC · BSE 590030 · Fertilizers
₹62.23 -2.67%
NSE close2026-10-01
52 week range55.10 - 96.83
Market cap₹1,290 Cr.
P/E6.29
Price band 20% Delivery 54.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales744506125754760818754781817774584849
Expenses65945098656693739718687740689539790
Operating Profit855627986779379377844559
OPM %11%11%22%13%9%10%4.9%12%9%11%8%7%
Other Income1214-3614612142937121621
Interest882112112112127558
Depreciation1099910991014101010
Profit before tax8052-409153613010192824663
Tax %34%36%-39%31%33%37%35%34%34%34%36%4%
Net Profit5333-24633538196761542960
EPS in Rs2.581.63-1.193.071.731.890.963.283.012.661.452.96
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,9311,4991,9942,5922,0791,5271,8752,8291,9443,0862,9563,024
Expenses1,8911,4451,8832,4921,9661,4561,6992,4741,6902,8022,6562,759
Operating Profit405411110011371176354254284300265
OPM %2.1%3.6%6%3.8%5%4.6%9%13%13%9%10%9%
Other Income3850203424585641-8449386
Interest151141363414143138552824
Depreciation323140323238444438384444
Profit before tax316350667077174321170235321283
Tax %0%9%9%4%4%4%6%6%34%34%34%
Net Profit315745636774163301113156211205
EPS in Rs1.522.812.233.093.313.648.0214.775.557.6410.3810.08
Dividend Payout %0%0%0%0%0%0%6%10%27%26%19%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth4%14%1%-3%
Compounded Profit Growth32%21%-14%28%
Stock Price CAGR13%4%-5%-31%
Return on Equity18%20%14%15%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital204204204204204204204204204204204204
Reserves4273961411672313124907828729951,166
Borrowings149143536263400408104305401471722703
Other Liabilities1,0341,2284158671,2641,2511,100693816218366427
Total Liabilities1,4291,6481,2501,4752,0352,0931,7201,6922,2021,7642,2872,500
Fixed Assets344324263247233353525682657652620616
CWIP332723356926182134108448
Investments101066748898114174192225252288
Other Assets1,0421,2868981,1191,6451,6161,0628341,3528531,3071,149
Total Assets1,4291,6481,2501,4752,0352,0931,7201,6922,2021,7642,2872,500
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity39443-34833067136361-113-11227-38395
Cash from Investing Activity-6-13-20-40-101-151-159-149-34-175-145-262
Cash from Financing Activity-394-18360-2901026-188189570163-89
Net Cash Flow-612-8-069-814-731153-2045
Free Cash Flow38029-3672881-15178-267-41154-29176
CFO/OP626%110%-635%298%63%124%508%-64%9%112%-5%146%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days51322922201312
Inventory Days393310665434216013840271316
Days Payable248373171254276364425150108173744
Cash Conversion Cycle-204-327-43-180-231-321-263-12-6713-23-26
Working Capital Days-26-71-503-13-48-91-57-0-47-9-23
ROCE %7%7%7%12%15%13%13%23%30%18%17%17%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters53.38%53.38%53.38%53.38%53.38%53.38%53.38%53.38%53.38%53.38%53.38%53.38%
FIIs0.42%0.50%0.38%0.34%0.65%0.84%4.87%6.53%6.09%4.92%5.08%4.80%
DIIs2.09%1.68%1.68%1.69%1.17%1.17%0.30%0.29%0.14%0.17%0.14%0.14%
Public44.10%44.44%44.56%44.59%44.80%44.61%41.45%39.80%40.39%41.52%41.40%41.68%
No. of Shareholders1,03,3201,05,8991,24,4301,25,0291,24,4891,27,1391,21,7541,16,1241,11,8451,12,7891,13,2991,13,768

Fundamentals

Market Cap₹ 1,290 Cr.
Current Price₹ 63.5
Stock P/E6.29
Book Value₹ 67.3
ROCE16.8 %
ROE15.0 %
Dividend Yield3.15 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-3%
Compounded Profit Growth (TTM)28%
Consolidated figures.
Valuation
Market capRs 1,267 Cr
Enterprise valueRs 1,871 Cr
P/E (TTM)6.18x
Price to book0.93x
Price to sales0.42x
EV / EBITDA5.34x
EV / EBIT6.09x
EV / sales0.62x
Price to cash flow3.21x
Earnings yield16.17%
Dividend yield3.21%
P/E, 3-year average9.54x
P/B, 3-year average1.18x
P/E, 5-year average8.27x
P/B, 5-year average1.36x
Profitability
Operating margin (excl. other income)10.14%
Operating margin (incl. other income)13.30%
EBITDA margin11.60%
Pre-tax margin9.35%
Net profit margin6.78%
Net margin, latest quarter7.09%
ROE16.46%
ROCE17.50%
ROA8.84%
ROE, 3-year average13.71%
ROCE, 3-year average16.14%
ROA, 3-year average7.41%
ROE, 5-year average20.79%
ROCE, 5-year average20.23%
ROA, 5-year average9.45%
ROIC (approx.)10.25%
Tax rate34.13%
Other income / net worth6.81%
Growth
Sales growth (latest year)-4.22%
Profit growth (latest year)35.90%
Sales CAGR, 3 years1.48%
Sales CAGR, 5 years14.12%
Profit CAGR, 3 years-11.07%
Profit CAGR, 5 years23.34%
Sales growth QoQ45.31%
Profit growth QoQ104.07%
Sales growth YoY (latest quarter)8.73%
Profit growth YoY (latest quarter)-9.79%
Per share
EPS (TTM)Rs 10.06
EPS (latest year)Rs 10.38
EPS (latest quarter)Rs 2.96
EPS, 3-year averageRs 7.86
EPS, 5-year averageRs 9.27
Book value per shareRs 67.28
Sales per shareRs 148.50
Cash flow per shareRs 19.41
Free cash flow per shareRs 3.73
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 1.83
Dividend per share, 5-year averageRs 1.50
Dividends
Dividend payout19.26%
Dividend payout, 3-year average24.15%
Dividend payout, 5-year average17.77%
Efficiency
Asset turnover1.18x
Fixed asset turnover4.80x
Inventory turnover26.07x
Inventory days14 days
Debtor days2 days
Debtors turnover212.35x
Creditor days44 days
Cash conversion cycle-26 days
Working capital days-23 days
Leverage
Total debtRs 703 Cr
Cash and bankRs 99 Cr
Net debtRs 604 Cr
Debt to equity0.51x
Net debt / EBITDA1.72x
Interest coverage12.55x
Current ratio (filing 2026-03-31)0.93x
Quick ratio (filing 2026-03-31)0.83x
Trade payables (filing 2026-03-31)Rs 258 Cr
Owners' fund to total sources54.81%
Debt to assets28.11%
Cash flow
Cash from Operating Activity (latest year)Rs 395 Cr
Cash from Investing Activity (latest year)Rs -262 Cr
Cash from Financing Activity (latest year)Rs -89 Cr
Net Cash Flow (latest year)Rs 45 Cr
Free cash flow (latest year)Rs 76 Cr
FCFE (approx.: FCF + change in debt)Rs 57 Cr
Cash from ops / profit, 5 years0.49x
Sales to cash flow7.48x
Statement figures
Net sales (TTM)Rs 3,024 Cr
Net sales (latest year)Rs 2,956 Cr
Sales (latest quarter)Rs 849 Cr
Operating profit excl. other income (latest year)Rs 300 Cr
Operating profit (latest quarter)Rs 59 Cr
Other income (TTM)Rs 86 Cr
EBITDA (TTM)Rs 351 Cr
PBDT (TTM)Rs 326 Cr
Profit before tax (TTM)Rs 283 Cr
Tax (latest year)Rs 110 Cr
Net profit (TTM)Rs 205 Cr
Net profit (latest year)Rs 211 Cr
Net profit (latest quarter)Rs 60 Cr
Depreciation (TTM)Rs 44 Cr
Depreciation (latest quarter)Rs 10 Cr
Interest (TTM)Rs 24 Cr
Cost of goods sold (latest year)Rs 2,506 Cr
Total expenditure (latest year)Rs 2,656 Cr
Total income (latest year)Rs 3,049 Cr
Share capitalRs 204 Cr
ReservesRs 1,166 Cr
Shareholders' fundsRs 1,370 Cr
Total assetsRs 2,500 Cr
Net blockRs 616 Cr
Capital work in progressRs 448 Cr
InvestmentsRs 288 Cr
ReceivablesRs 14 Cr
InventoryRs 96 Cr
Other liabilitiesRs 427 Cr
Shares outstanding (crore)20.36
Ownership
Promoter holding53.38% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 6.2 is at the 21th percentile of its own 9.4-year range (median 9.2, low 3.8, high 20.4).
P/B 0.92 is at the 5th percentile (median 1.53).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSPICNifty 50Difference
1 week-5.5%-2.8% -2.7 pts
1 month-9.6%-6.8% -2.8 pts
3 months-11.2%-7.6% -3.6 pts
6 months+12.3%+0.4% +11.9 pts
1 year-34.7%-9.9% -24.7 pts
2 years-28.1%-13.6% -14.6 pts
3 years-16.4%+14.2% -30.6 pts
5 years+17.6%+27.9% -10.3 pts

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹849 Cr +8.7% vs Jun 2025. Net profit ₹60 Cr -10.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-21Dividend - Rs 2 Per Share
2025-09-16Dividend - Rs 2 Per Share
2024-09-12Dividend - Rs 1.50 Per Share
2024-09-12Annual General Meeting
2023-09-20Annual General Meeting/Dividend - Rs 1.50 Per Share
2021-09-22 Annual General Meeting
2020-09-10 Annual General Meeting
2019-07-31 Annual General Meeting
2018-07-30 Annual General Meeting
2017-07-17 Annual General Meeting
2016-09-08 Annual General Meeting (Book Closure End Date Revised)
2015-09-04 Annual General Meeting
2014-08-22Annual General Meeting
2013-08-14Annual General Meeting
2012-09-14Annual General Meeting
2011-11-01Annual General Meeting
2010-09-03Annual General Meeting
2009-08-28Annual General Meeting
2008-09-09Annual General Meeting
2007-03-23Agm
DateTypeWhat it says
2026-09-30Shareholder meetingVoting results.
2026-09-28Shareholder meetingProceedings of the 55th Annual General Meeting held on September 28, 2026
2026-09-04Shareholder meetingNotice of 55th Annual General Meeting to be held on September 28, 2026
2026-08-14Press ReleaseA press release dated August 14, 2026, titled "Un-audited Financial results for quarter ended 30th June 2026.".
2026-08-14AppointmentAppointment of Mr Sanket Balvantrao Waghe, IAS as Non- Executive Nominee Director of the company w.e.f. August 14, 2026.
2026-08-14AppointmentRe-appointment of Mr T K Arun as Non- Executive Independent Director of the company w.e.f. November 11, 2026.
2026-08-14AppointmentAppointment of Mr P Sankar, IAS as Non- Executive Nominee Director of the company w.e.f. August 14, 2026.
2026-08-14Director changeChange in Director(s) of the company.
2026-08-14Shareholder meetingThe date of Annual General Meeting to be held on September 28, 2026
2026-08-14Record DateRecord date for the purpose of Dividend is 21-Sep-2026.
2026-08-14Board meeting outcomeSouthern Petrochemicals Industries Corporation Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-10ResignationResignation of Director/KMP/SMP
2026-08-10ResignationResignation of Ms Sweta Suman IAS as Non- Executive Director of the company w.e.f. August 10, 2026.
2026-08-10CessationCessation of Ms Sweta Suman IAS as Non- Executive Director of the company w.e.f. August 10, 2026.
2026-07-27ResignationResignation of Director/KMP/SMP
2026-07-27ResignationResignation of Mr. V Dakshinamoorthy, IAS as Non- Executive Nominee Director of the company w.e.f. July 27, 2026.
2026-07-27CessationCessation of Mr. V Dakshinamoorthy, IAS as Non- Executive Nominee Director of the company w.e.f. July 27, 2026.
2026-07-13ResignationResignation of Mr Sandeep Nanduri, IAS as Non- Executive Director of the company w.e.f. July 13, 2026.
2026-07-13CessationCessation of Mr. Sandeep Nanduri, IAS as Non- Executive Director of the company w.e.f. July 13, 2026.
2026-06-15Disclosure under SEBI TakeovAshwin C Muthiah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-05-22Press ReleaseA press release dated May 22, 2026, titled ""Audited Financial Results for the fourth quarter and year ended 31st March 2026".
2026-05-22CessationCessation of Mr. K R Anandan as Chief Financial Officer of the company w.e.f. May 23, 2026.
2026-05-22AppointmentAppointment of Mr. Narasimhan Raghunathan as Chief Financial Officer of the company w.e.f. May 23, 2026.
2026-05-22DividendBoard of Directors at its meeting held on May 22, 2026, recommended Final Dividend of Rs. 2 per equity share.
2026-05-22Board meeting outcomeSouthern Petrochemicals Industries Corporation Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03