Southern Petrochemical Industries Corporation Approaches 52-Week High Amid Strong Financial Performance

Southern Petrochemical Industries Corporation has shown remarkable performance today, nearing its 52-week high, just 0.47% away from Rs 118.55. The stock reached an intraday high of Rs 118.2, reflecting a notable increase of 6.44%. In a strong showing, Southern Petrochemical outperformed its sector by 4.1%, while the broader fertilizers industry gained 2.16%.
The company has demonstrated robust financial health, highlighted by a low Debt to EBITDA ratio of 1.18 times, indicating a strong ability to service its debt. Over the past year, Southern Petrochemical has achieved a remarkable 37.09% return, significantly outperforming the Sensex, which has seen a decline of 2.89%. The company’s operating profit has grown at an impressive annual rate of 31.47%, with net sales for the first nine months reaching Rs 2,353.04 crore.

Institutional investors have shown increasing confidence, raising their stake by 1.65% in the last quarter, now holding 6.82% of the company. With a return on capital employed (ROCE) of 13.2 and an attractive valuation, Southern Petrochemical Industries Corporation continues to solidify its position in the market.