Southern Petrochemical Industries Corporation Ltd.

NSE: SPIC BSE: 590030 SECTOR: Fertilizers  24k   133   18

58.05
+0.75 (1.31%)
NSE: Today, 02:14 PM

Price Summary

Today's High

₹ 59.15

Today's Low

₹ 57

52 Week High

₹ 92.65

52 Week Low

₹ 40.75

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1182.13 Cr.

Enterprise Value

1177.27 Cr.

No. of Shares

20.36 Cr.

P/E

6.58

P/B

1.74

Face Value

₹ 10

Div. Yield

0.87 %

Book Value (TTM)

₹  33.46

CASH

108.61 Cr.

DEBT

103.75 Cr.

Promoter Holding

53.27 %

EPS (TTM)

₹  8.82

Sales Growth

-26.56%

ROE

12.05 %

ROCE

8.86%

Profit Growth

-8.94 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year-26.56%
3 Year-8.5%
5 Year-3.64%

Profit Growth

1 Year-8.94%
3 Year11.68%
5 Year15.92%

ROE%

1 Year12.05%
3 Year14.53%
5 Year13.41%

ROCE %

1 Year8.86%
3 Year11.36%
5 Year10.36%

Debt/Equity

0.2256

Price to Cash Flow

3.53

Interest Cover Ratio

4.29381261215435

CFO/PAT (5 Yr. Avg.)

2.29156469251804

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2022 53.27 0
Mar 2022 53.27 0
Dec 2021 53.27 0
Sep 2021 53.27 0
Jun 2021 52.79 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has significantly decreased its debt by 304.0021 Cr.
  • The company has an efficient Cash Conversion Cycle of -423.890116283937 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.29156469251804.
  • The company has a high promoter holding of 53.27%.

 Limitations

  • The company has shown a poor revenue growth of -8.50434810854325% for the Past 3 years.
  • Tax rate is low at -11.212373398309.
  • The company has a low EBITDA margin of -2.46144718296668% over the past 5 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Net Sales 498.76 615.51 492.49 268.17 750.62
Total Expenditure 455.65 540.99 429.03 273.61 667.68
Operating Profit 43.1 74.52 63.46 -5.44 82.94
Other Income 0.4 1.4 5.29 16.3 2.45
Interest 2.56 7.78 2.5 1.35 6.8
Depreciation 13.26 14.49 14.82 1.83 11.73
Exceptional Items 0 0 0 0 0
Profit Before Tax 27.68 53.64 51.43 7.68 66.85
Tax 0 0 0 0 0
Profit After Tax 27.68 53.64 51.43 7.68 66.85
Adjusted EPS (Rs) 1.36 2.63 2.53 0.38 3.28

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 1499.02 1993.61 2591.96 2079.18 1527.01
Total Expenditure 1650.54 1882.76 3055.43 1966.38 1456.58
Operating Profit -151.51 110.85 -463.47 112.8 70.43
Other Income 219.26 4.92 584.55 10.47 28.58
Interest 10.57 40.88 35.67 34.15 14.15
Depreciation 30.83 40.11 32.06 32.14 38.23
Exceptional Items 0 2.45 0 0 0
Profit Before Tax 26.35 37.23 53.34 56.98 46.62
Tax 0 0 0 0.04 -5.23
Net Profit 26.35 37.23 53.34 56.94 51.85
Adjusted EPS (Rs.) 1.29 1.83 2.62 2.8 2.55

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 203.64 203.64 203.64 203.64 203.64
Total Reserves 65.05 102.03 144.2 196.89 256.29
Borrowings 34.1 162.75 128.66 0 0
Other N/C liabilities -9.46 -72.74 -75.2 -74.28 -71.67
Current liabilities 890.04 938.22 1506.57 1628.39 1164.24
Total Liabilities 1183.37 1333.9 1907.86 1954.63 1552.5
Assets
Net Block 261.28 245.44 231.34 351.83 524.07
Capital WIP 22.17 35.46 69.01 26.22 17.54
Intangible WIP 0.53 0 0 0 0
Investments 36.9 36.39 66.6 65.22 59.75
Loans & Advances 46.86 53.8 49.12 83.66 66.78
Other N/C Assets 124.92 0 0 0 0
Current Assets 690.71 962.81 1491.79 1427.69 884.36
Total Assets 1183.37 1333.9 1907.86 1954.63 1552.5
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 26.35 37.23 53.34 56.98 46.62
Adjustment 40.58 70.77 56.05 67.02 28.17
Changes in Assets & Liabilities -417.35 222.06 -46.43 16.07 259.69
Tax Paid -0.28 -0.51 4.41 -3.68 0.14
Operating Cash Flow -350.69 329.55 67.36 136.39 334.62
Investing Cash Flow -17.37 -39.75 -100.6 -151.12 -157.67
Financing Cash Flow 360.32 -290.04 102.3 6.42 -188.18
Net Cash Flow -7.75 -0.24 69.07 -8.31 -11.22

Corporate Actions

Investors Details

PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Promoters 52.79 53.27 53.27 53.27 53.27
ami holdings priva... - - - - 18.31
ami holdings priva... 18.31 - 18.31 18.31 -
ami holdings pvt l... - 18.31 - - -
lotus fertilizers ... - 13.75 - - 13.75
lotus fertilizers ... 13.75 - 13.75 13.75 -
lotus fertilizers ... - - - - -
lotus fertilizers - - - - -
ficon holdings lim... - 7.70 - - 7.70
ficon holdings - - - - -
ficon holdings lim... 7.70 - 7.70 7.70 -
tamilnadu industri... - - - - -
tamilnadu industri... - 4.34 - - 4.34
tamilnadu industri... 4.34 - 4.34 4.34 -
sicagen india limi... - 1.48 - - 1.48
sicagen india limi... 1.48 - 1.48 1.48 -
goldnest trading c... - - 1.19 1.19 -
gold nest trading ... - 1.19 - - -
goldnest trading c... 1.19 - - - -
ranford investment... - - - - -
ranford investment... - 0.94 - - 0.94
ranford investment... 0.94 - 0.94 0.94 -
south india house ... - - 0.89 0.89 -
south india house ... - 0.89 - - 0.80
south india house ... 0.89 - - - -
south india house ... - - - - -
darnolly investmen... - - - - -
dornally investmen... - 0.65 - - 0.65
dornally investmen... 0.65 - 0.65 0.65 -
acm educational fo... - - 0.07 0.07 -
acm educational fo... - - - - 0.32
south india travel... 0.10 - - - -
south india travel... - 0.10 - - -
south india travel... - - - - 0.10
south india travel... - - - 0.10 -
south india travel... - - 0.10 - -
acm education foun... 0.07 - - - -
acm education foun... - 0.07 - - -
acm education foun... - - - - -
mr ashwin c muthiah - - 0.01 0.02 -
goldnest trading c... - - - - 0.02
mr ashwin c muthia... - - - - 0.02
dr a c muthiah - 0.02 - - -
dr a c muthiah 0.02 - 0.01 - -
ashwin chidambaram... - - - - -
ashwin chidambaram... - - - - -
gold nest trading ... - - - - -
PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Investors 47.21 46.73 46.73 46.73 46.73
finquest financial... - - 7.54 7.99 -
finquest financial... - 6.11 - - -
minal bharat patel - - - - -
ruchit bharat pate... - - - - 3.44
ruchit bharat patel - - - - -
finquest financial... - - - - 3.04
ruchi bharat patel - - - - -
hardik b patel - - - - 2.12
life insurance cor... - - 1.93 1.93 -
life insurance cor... - - - - 1.93
vibgyor investors ... - - 1.23 - -
vibgyor investors ... - 1.13 - - -
vibgyor investment... - - - - 1.23
vibgyor investors ... - - - 1.20 -

Annual Reports

Ratings & Research Reports

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Company Presentations

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SPIC Stock Price Analysis and Quick Research Report. Is SPIC an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). SPIC has a PE ratio of 6.49674595795823 which is low and comparatively undervalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. SPIC has ROA of 2.95683985883156 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. SPIC has a Current ratio of 0.759604478647147 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. SPIC has a ROE of 12.0516885115206 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. SPIC has a D/E ratio of 0.2256 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. SPIC has an Inventory turnover ratio of 6.42291049119823 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - SPIC has reported revenue growth of -26.5572341019055 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of SPIC for the current financial year is 4.61226347771883 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for SPIC is Rs 0 and the yield is 0.8741 %.

 

Brief about SPIC

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