SPIC

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

As of 09-Jul, Southern Petrochemical Industries Corporation Ltd. is seeing a slight rise in stock price to 67.03, but it has underperformed its sector and benchmarks significantly over the past year. Despite increased investor interest and a high dividend yield, the stock's overall health remains concerning due to its history of declines and weak performance indicators.

As of 09-Jul, Southern Petrochemical Industries Corporation Ltd. is experiencing a slight rise in its stock price, currently at 67.03, with a change of 0.46 (0.69%) upwards. This increase comes after a trend reversal, as the stock has gained after three consecutive days of decline. However, it is important to note that the stock has underperformed its sector by 0.44% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally weak performance.<BR><BR>Despite the recent uptick, the stock has shown significant underperformance over longer periods, with a year-to-date decline of 20.25% and a one-year return of -21.16%. This consistent underperformance against benchmarks, such as the Sensex, which has gained 3.82% over the past month, raises concerns about the stock's overall health.<BR><BR>On a more positive note, there has been a rise in investor participation, with delivery volume increasing by 35.42% compared to the 5-day average, suggesting some renewed interest. Additionally, the company boasts a high dividend yield of 3% at the current price and has shown healthy long-term growth with an annual operating profit increase of 51.37%. However, the stock's valuation remains attractive, trading at a discount compared to its peers, and the company has a low debt-to-equity ratio of 0.39 times.<BR><BR>In summary, while Southern Petrochemical Industries Corporation Ltd. is currently seeing a rise in its stock price, it faces significant challenges, including a history of underperformance, declining profits, and low domestic mutual fund interest, which may overshadow the recent positive movements.

Which are the latest news on SPIC?

How big is SPIC?

As of 10th June, Southern Petrochemical Industries Corporation Ltd. has a market capitalization of 1,405.00 Cr, categorizing it as a Small Cap company, with recent net sales of 2,955.96 Cr and a net profit of 211.49 Cr.

As of 10th June, Southern Petrochemical Industries Corporation Ltd. has a market capitalization of 1,405.00 Cr, which categorizes it as a Small Cap company.<BR><BR>In the latest 4 quarters, the company reported Net Sales of 2,955.96 Cr and a Net Profit of 211.49 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.

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 nominee directors, bringing diverse expertise to the company.

The management team of SPIC includes the following members:<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 diverse team brings a range of expertise and governance to the company.

Who are the peers of the SPIC?

SPIC's peers include GSFC, National Fertilizers, Madras Fertilizers, Zuari Agro Chemicals, Khaitan Chemical, Rama Phosphates, Aries Agro, Krishana Phosphate, and M B Agro Products. In terms of performance, GSFC shows excellent management risk and capital structure, while SPIC has good growth and capital structure, with a 1-year return of -23.01%, better than National Fertilizers but worse than Rama Phosphates.

Peers: The peers of SPIC are GSFC, Natl.Fertilizer, Madras Fertilize, Zuari Agro Chem., Khaitan Chemical, Rama Phosphates, Aries Agro, Krishana Phosch., and M B Agro Prod.<BR><BR>Quality Snapshot: Excellent management risk is observed at GSFC, while Average management risk is found at Natl.Fertilizer, Madras Fertilize, Khaitan Chemical, Rama Phosphates, Aries Agro, and the rest. Growth is rated as Excellent for Krishana Phosch. and M B Agro Prod., while Good growth is noted for SPIC, and Below Average growth is seen at GSFC, Natl.Fertilizer, Madras Fertilize, Zuari Agro Chem., Khaitan Chemical, Rama Phosphates, Aries Agro, and the rest. Capital Structure is rated as Excellent for GSFC, Good for SPIC, and Average for Madras Fertilize, while Below Average is noted for Natl.Fertilizer, Zuari Agro Chem., Khaitan Chemical, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Rama Phosphates at -3.04%, while the lowest is Natl.Fertilizer at -30.75%. SPIC's own 1-year return of -23.01% is better than Natl.Fertilizer but worse than Rama Phosphates. Additionally, several peers, including Natl.Fertilizer, Zuari Agro Chem., Khaitan Chemical, and Madras Fertilize, have negative six-month returns.

What does SPIC do?

Southern Petrochemical Industries Corporation Limited (SPIC) is a small-cap Indian fertilizer manufacturer with a market cap of INR 1,405 Cr, reporting net sales of 584 Cr and a net profit of 29 Cr for March 2026. Key metrics include a P/E ratio of 6.00, a dividend yield of 2.91%, 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 small-cap segment.<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 latest quarterly results reported are for March 2026, showing net sales and profit figures.<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 1,405 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 6.00 <BR>Industry P/E: 22 <BR>Dividend Yield: 2.91% <BR>Debt Equity: 0.42 <BR>Return on Equity: 15.44% <BR>Price to Book: 1.02 <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

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 a strong year-on-year net profit increase of 74.07% and a 7.60% rise in net sales for the latest quarter, but faced an 8.23% decline in net profit and a drop in operating margins from the previous quarter, indicating potential short-term challenges. Investors should watch for improvements in upcoming quarters.

Southern Petrochemical Industries Corporation Ltd. (SPIC) has reported mixed results for the latest quarter ending September 2025. On one hand, the company achieved a consolidated net profit of ₹61.22 crores, which is a significant increase of 74.07% year-on-year, indicating strong annual growth. Additionally, net sales for the quarter reached ₹817.29 crores, reflecting a healthy year-on-year growth of 7.60% and a sequential increase of 4.70%.<BR><BR>However, there are concerns regarding the quarter-on-quarter performance. The consolidated net profit declined by 8.23% from the previous quarter, signaling potential challenges in maintaining profitability despite revenue growth. Operating margins also fell sharply, decreasing to 9.45% from 12.00% in the previous quarter, which raises questions about cost management and pricing power.<BR><BR>Overall, while the year-on-year growth figures are encouraging, the sequential decline in profit and margins suggests that SPIC is facing some headwinds that could impact its short-term performance. Investors should closely monitor upcoming quarters for signs of margin recovery and improved cash flow management.

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.