SPIC

Why is Southern Petrochemical Industries Corporation Ltd. falling/rising?

As of 25-Aug, the stock price of Southern Petrochemical Industries Corporation Ltd. is rising to 70.48, reflecting a 1.44% increase. This rise is driven by recent gains, increased investor participation, and strong sector performance, despite a slight underperformance compared to its sector today.

As of 25-Aug, the stock price of Southern Petrochemical Industries Corporation Ltd. is rising, currently at 70.48, reflecting a change of 1.0 (1.44%) upward. This increase can be attributed to several factors. The stock has been gaining for the last three days, with a total return of 3.24% during this period. Additionally, the stock has outperformed the benchmark Sensex over the past week, with a return of +5.48% compared to the Sensex's +0.54%. <BR><BR>Investor participation has also increased, as evidenced by a significant rise in delivery volume, which was 4.12 lacs on 24 August, marking an 85.11% increase against the five-day average. Furthermore, the stock's price is currently higher than its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a positive short-term trend, although it remains below the 200-day moving average.<BR><BR>Despite underperforming the sector by -1.68% today, the overall performance in the fertilizer sector, which gained by 2.73%, may also contribute to the stock's upward movement. Thus, the combination of recent gains, increased investor interest, and sector performance supports the rise in the stock price of Southern Petrochemical Industries Corporation Ltd.

Which are the latest news on SPIC?

Should I buy, sell or hold Southern Petrochemical Industries Corporation Ltd.?

Who are in the management team of SPIC?

The management team of SPIC includes S R Ramakrishnan (Whole-time Director), Ashwin C Muthiah (Chairman), and several independent directors, along with company secretaries and nominees from TIDCO, bringing diverse expertise to the company.

The management team of SPIC includes the following individuals:<BR><BR>1. **S R Ramakrishnan** - Whole-time Director<BR>2. **Ashwin C Muthiah** - Chairman (Non-Executive)<BR>3. **B Narendran** - Independent Director<BR>4. **M B Ganesh** - Company Secretary & Compliance Officer<BR>5. **Sashikala Srikanth** - Independent Director<BR>6. **T K Arun** - Independent Director<BR>7. **S Radhakrishnan** - Independent Director<BR>8. **Debendranath Sarangi** - Independent Director<BR>9. **Rita Chandrasekar** - Independent Director<BR>10. **Vandhana Garg** - Nominee (TIDCO)<BR>11. **A R Rajalakshmi** - Nominee (TIDCO)<BR>12. **Jayashree Muralidharan** - Nominee (TIDCO)<BR>13. **Devaki Ashwin Muthiah** - Non-Executive Director<BR><BR>This team brings a diverse range of expertise and governance to the company.

What does SPIC do?

Southern Petrochemical Industries Corporation Limited (SPIC) is an Indian micro-cap fertilizer manufacturer based in Thoothukudi, Tamil Nadu, with a market cap of INR 1,377 Cr, net sales of 584 Cr, and a net profit of 29 Cr as of March 2026. Key financial metrics include a P/E ratio of 7.00, a dividend yield of 2.96%, and a debt-equity ratio of 0.42.

Overview:<BR>Southern Petrochemical Industries Corporation Limited (SPIC) is a leading Indian fertilizer manufacturing company operating in the micro-cap category.<BR><BR>History:<BR>SPIC was founded as a joint venture by Dr. M A Chidambaram and the Tamil Nadu Industrial Development Corporation Limited (TIDCO). The company is based in Thoothukudi, Tamil Nadu. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 584 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 29 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 1,377 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 7.00<BR>- Industry P/E: 22<BR>- Dividend Yield: 2.96%<BR>- Debt Equity: 0.42<BR>- Return on Equity: 15.44%<BR>- Price to Book: 1.00<BR><BR>Contact Details:<BR>Address: SPIC House 88 Mount Road, Guindy Chennai Tamil Nadu : 600032<BR>Tel: 91-44-22350245<BR>Email: spiccorp@spic.co.in<BR>Website: http://www.spic.in

Who are the peers of the SPIC?

SPIC's peers include RCF, GSFC, National Fertilizer, Madras Fertilizer, Zuari Agro Chem., Aries Agro, Khaitan Chemical, Indogulf Cropsci, and Krishana Phosch. In terms of performance, Aries Agro has the highest 1-year return at 7.58%, while SPIC's return is -21.43%.

Peers: The peers of SPIC are RCF, GSFC, Natl.Fertilizer, Madras Fertilize, Zuari Agro Chem., Aries Agro, Khaitan Chemical, Indogulf Cropsci, and Krishana Phosch.<BR><BR>Quality Snapshot: Excellent management risk is observed at GSFC, while Average management risk is found at RCF, Natl.Fertilizer, SPIC, Madras Fertilize, Aries Agro, Khaitan Chemical, Indogulf Cropsci, and the rest. Growth is rated as Excellent for Krishana Phosch, Good for Natl.Fertilizer and SPIC, and Below Average for RCF, GSFC, Madras Fertilize, Zuari Agro Chem., Aries Agro, Khaitan Chemical, Indogulf Cropsci, and the rest. Capital Structure is rated as Excellent for GSFC, Good for SPIC, Average for Madras Fertilize, Aries Agro, Krishana Phosch, and Below Average for RCF, Natl.Fertilizer, Zuari Agro Chem., Khaitan Chemical, Indogulf Cropsci, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Aries Agro at 7.58%, while the peer with the lowest is Kothari Indl at -70.34%. SPIC's own 1-year return is -21.43%, which is better than Kothari Indl but worse than Aries Agro. Additionally, several peers, including Madras Fertilize, Zuari Agro Chem., Khaitan Chemical, and Indogulf Cropsci, have negative six-month returns.

Are Southern Petrochemical Industries Corporation Ltd. latest results good or bad?

Southern Petrochemical Industries Corporation Ltd. reported mixed results for Q4 FY26, with net sales declining by 24.52% quarter-on-quarter and net profit dropping 45.46%, indicating serious operational challenges despite a year-on-year profit increase. Overall, the latest results are concerning due to significant revenue decline and reduced operating margins.

Southern Petrochemical Industries Corporation Ltd. (SPIC) has reported mixed results for Q4 FY26, which can be characterized as concerning overall. <BR><BR>The company experienced a significant decline in both net sales and net profit. Net sales fell to ₹584.15 crores, marking a 24.52% decrease compared to the previous quarter and a 22.56% decline year-on-year. This drop in revenue is the lowest quarterly figure in the past year, indicating substantial volume pressures in the fertiliser sector due to subdued demand.<BR><BR>Consolidated net profit also saw a sharp decline, dropping to ₹29.49 crores, which represents a 45.46% decrease from the previous quarter, although it reflects a 51.46% increase year-on-year. While the year-on-year profit growth is a positive aspect, the quarter-on-quarter performance raises significant concerns.<BR><BR>Operating margins have contracted to 7.76%, down from 10.96% in the previous quarter, further highlighting the challenges the company faces in maintaining profitability amidst declining sales.<BR><BR>Overall, while there are some positive year-on-year comparisons, the recent quarterly performance indicates serious operational challenges that SPIC needs to address. The significant revenue decline and margin compression suggest a difficult environment ahead for the company.

How big is SPIC?

As of 14th August, Southern Petrochemical Industries Corporation Ltd. has a market capitalization of 1,378.65 Cr, with recent net sales of 2,955.96 Cr and net profit of 211.49 Cr over the last four quarters.

As of 14th August, <BR><BR>Market Cap: Southern Petrochemical Industries Corporation Ltd. has a market capitalization of 1,378.65 Cr and is classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 2,955.96 Cr, while the sum of Net Profit for the same period is 211.49 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2025. Shareholder's Funds are valued at 1,198.85 Cr, and Total Assets amount to 2,189.27 Cr.

Is SPIC technically bullish or bearish?

As of December 3, 2025, the market trend is mildly bearish, supported by bearish signals from the weekly MACD and Bollinger Bands, despite some mixed indicators from daily moving averages and the KST.

As of 3 December 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD and Bollinger Bands both indicating bearish signals. The Dow Theory also supports this with a mildly bearish reading on both weekly and monthly time frames. Although the daily moving averages show a mildly bullish signal, the overall indicators suggest weakness in the current trend. The KST is bearish on a weekly basis but bullish monthly, adding mixed signals. The RSI shows no significant signals, indicating a lack of momentum. Overall, the bearish indicators outweigh the bullish ones, leading to a mildly bearish outlook.

Is SPIC overvalued or undervalued?

As of December 3, 2025, SPIC is considered very attractive and undervalued with a PE ratio of 9.04, significantly lower than peers like Coromandel International and Chambal Fertilizers, indicating potential for recovery despite recent underperformance against the Sensex.

As of 3 December 2025, the valuation grade for SPIC has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently assessed as undervalued. Key ratios supporting this assessment include a PE ratio of 9.04, an EV to EBITDA of 6.14, and a PEG ratio of 0.46, all of which suggest that SPIC is trading at a discount compared to its earnings growth potential.<BR><BR>In comparison to its peers, SPIC's valuation metrics stand out favorably; for instance, Coromandel International is classified as very expensive with a PE ratio of 32.06, while Chambal Fertilizers, which is rated fair, has a PE of 9.36. This peer comparison reinforces the notion that SPIC is undervalued in its sector. Additionally, while SPIC's stock has underperformed the Sensex over the past week and month, it has outperformed on a year-to-date basis, suggesting potential for recovery and growth.

How has been the historical performance of SPIC?

SPIC's historical performance shows strong sales growth from 1,527.01 Cr in Mar'21 to 3,086.33 Cr in Mar'25, but profitability has fluctuated, with profit after tax peaking at 279.24 Cr in Mar'23 and declining to 123.21 Cr in Mar'25, alongside negative cash flow from operations in Mar'25. Total assets and liabilities increased over the same period, indicating rising costs impacting overall profitability.

Answer:<BR>The historical performance of SPIC shows significant fluctuations in various financial metrics over the years.<BR><BR>Breakdown:<BR>SPIC's net sales increased from 1,527.01 Cr in Mar'21 to 3,086.33 Cr in Mar'25, reflecting a strong growth trajectory. Total operating income followed a similar trend, rising from 1,527.01 Cr in Mar'21 to 3,086.33 Cr in Mar'25. However, total expenditure also rose significantly, from 1,456.58 Cr in Mar'21 to 2,804.92 Cr in Mar'25, impacting the operating profit, which peaked at 374.42 Cr in Mar'23 before declining to 295.33 Cr in Mar'25. Profit before tax showed a similar pattern, reaching 299.76 Cr in Mar'23 but dropping to 202.66 Cr in Mar'25. The profit after tax fluctuated, peaking at 279.24 Cr in Mar'23 and settling at 123.21 Cr in Mar'25. The company's total assets increased from 1,988.83 Cr in Mar'20 to 2,189.27 Cr in Mar'25, while total liabilities also rose from 1,988.83 Cr in Mar'20 to 2,189.27 Cr in Mar'25. Cash flow from operating activities was negative in Mar'25 at -37.00 Cr, contrasting with positive cash flows in previous years. Overall, SPIC's financial performance reflects both growth in sales and challenges in maintaining profitability amidst rising costs.

Who are the top shareholders of the SPIC?

The top shareholders of SPIC include Ami Holdings Private Limited with 18.31%, Ares Diversified at 3.18%, and individual investors collectively holding 32.13%. Additionally, 12 mutual fund schemes own 0.01%, while 28 foreign institutional investors hold 4.87%.

The top shareholders of SPIC include several key players. The majority shareholders are the promoters, with Ami Holdings Private Limited holding the highest stake at 18.31%. In terms of public shareholders, Ares Diversified is the largest, owning 3.18%. Additionally, individual investors collectively hold 32.13% of the shares. The company also has 12 mutual fund schemes holding a small portion of 0.01%, and 28 foreign institutional investors (FIIs) holding 4.87%.

When is the next results date for SPIC?

No Upcoming Board Meetings

Has SPIC declared dividend?

Yes, Southern Petrochemical Industries Corporation Ltd. has declared a 15% dividend, amounting to 1.5 per share, with an ex-date of September 12, 2024. The company has shown strong total returns over various periods, particularly with a 433% total return over the past five years.

Southern Petrochemical Industries Corporation Ltd. has declared a 15% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 15%<BR>- Amount per share: 1.5<BR>- Ex-date: 12 Sep 24<BR><BR>Dividend Yield: 1.74%.<BR><BR>Total Returns by Period:<BR>Over the past 6 months, the price return was 10.45%, with no dividend return, resulting in a total return of 10.45%.<BR><BR>In the 1-year period, the price return was 20.78%, the dividend return was 1.90%, leading to a total return of 22.68%.<BR><BR>For the 2-year period, the price return was 25.84%, with a dividend return of 4.47%, culminating in a total return of 30.31%.<BR><BR>In the 3-year period, the price return was 53.84%, the dividend return was 6.64%, resulting in a total return of 60.48%.<BR><BR>Over the 4-year period, the price return was 91.87%, with a dividend return of 6.07%, leading to a total return of 97.94%.<BR><BR>For the 5-year period, the price return was 418.04%, the dividend return was 14.96%, resulting in a total return of 433.0%.<BR><BR>Overall, SPIC has declared a significant dividend, and the total returns over various periods indicate strong performance, particularly in the long term, with substantial price appreciation and a consistent dividend yield.