SPIC

Which are the latest news on SPIC?

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

As of 05-Sep, Southern Petrochemical Industries Corporation Ltd. is seeing a stock price increase to 71.29, attributed to a 4-day gain of 4.98%, heightened investor participation, and positive trading activity, despite being below the 200-day moving average. This suggests a bullish trend and positive investor sentiment.

As of 05-Sep, Southern Petrochemical Industries Corporation Ltd. is experiencing a rise in its stock price, currently at 71.29, with a change of 0.24 (0.34%) upwards. This upward movement can be attributed to several factors. The stock has been gaining for the last four days, with a total return of 4.98% during this period. Additionally, the stock's performance today is reported to be in line with its sector, indicating a positive sentiment among investors.<BR><BR>Another significant factor contributing to the rise is the increase in investor participation, as evidenced by a delivery volume of 5.22 lacs on September 3, which represents a remarkable increase of 199.53% compared to the 5-day average delivery volume. This surge in trading activity suggests heightened interest and confidence in the stock.<BR><BR>Furthermore, the stock's current price is higher than its 5-day, 20-day, 50-day, and 100-day moving averages, which typically signals a bullish trend, although it remains below the 200-day moving average. Overall, these elements indicate a positive momentum for Southern Petrochemical Industries Corporation Ltd., leading to the observed rise in its stock price.

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 and non-executive directors, totaling 13 members who guide the company's governance and strategy.

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 comprises a mix of executive, non-executive, and independent directors, contributing to the governance and strategic direction of 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 1,388 Cr and reported net sales of 849 Cr and net profit of 60 Cr for June 2026. Key financial metrics include a P/E ratio of 7.00, a dividend yield of 2.90%, and a return on equity of 15.44%.

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 located in Thoothukudi, Tamil Nadu. The latest quarterly results reported net sales and profit for June 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 849 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 60 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 1,388 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 7.00 <BR>Industry P/E: 22 <BR>Dividend Yield: 2.90% <BR>Debt Equity: 0.42 <BR>Return on Equity: 15.44% <BR>Price to Book: 1.03 <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 management risk, GSFC is rated excellent, while SPIC and others are average; growth is good for SPIC, and Aries Agro leads in 1-year returns at 17.40%.

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 Krishana Phosch. 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, and Indogulf Cropsci. Capital Structure is rated as Excellent for GSFC, Good for SPIC and Aries Agro, Average for Madras Fertilize and Krishana Phosch, and Below Average for RCF, Natl.Fertilizer, Zuari Agro Chem., Khaitan Chemical, and Indogulf Cropsci.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Aries Agro at 17.40%, while the lowest is Kothari Indl at -73.62%. SPIC's own 1-year return is -37.17%, which is higher than Kothari Indl's but lower than Aries Agro's. Additionally, the peers with negative six-month returns include RCF, GSFC, Natl.Fertilizer, Khaitan Chemical, and Zuari Agro Chem.

How big is SPIC?

As of 31st August, Southern Petrochemical Industries Corporation Ltd. has a market capitalization of 1,388.00 Cr, with recent net sales of 3,024.14 Cr and a net profit of 204.96 Cr.

As of 31st August, Southern Petrochemical Industries Corporation Ltd. has a market capitalization of 1,388.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 3,024.14 Cr and a Net Profit of 204.96 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 1,198.85 Cr and Total Assets of 2,189.27 Cr.

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

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.

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.