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SPIC share price

Southern Petrochemical Industries Corporation Ltd.

NSE: SPIC BSE: 590030 SECTOR: Fertilizers  151k   280   33

73.96
-0.18 (-0.24%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 75.45

Today's Low

₹ 73.13

52 Week High

₹ 107.45

52 Week Low

₹ 64.35

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1506.12 Cr.

Enterprise Value

1800.47 Cr.

No. of Shares

20.36 Cr.

P/E

15.8

P/B

1.5

Face Value

₹ 10

Div. Yield

2.03 %

Book Value (TTM)

₹  49.23

CASH

173.65 Cr.

DEBT

468 Cr.

Promoter Holding

53.38 %

EPS (TTM)

₹  4.68

Sales Growth

-31.28%

ROE

9.57 %

ROCE

13.37%

Profit Growth

-69.09 %

* 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

Track the companies of Group.

Ratios

Sales Growth

1 Year-31.28%
3 Year8.38%
5 Year-5.59%

Profit Growth

1 Year-69.09%
3 Year19.24%
5 Year10.51%

ROE%

1 Year9.57%
3 Year24.54%
5 Year20.18%

ROCE %

1 Year13.37%
3 Year21.43%
5 Year16.97%

Debt/Equity

0.492

Price to Cash Flow

6.62

Interest Cover Ratio

4.7649

CFO/PAT (5 Yr. Avg.)

0.97506511282872

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 53.38 0.00
Jun 2024 53.38 0.00
Mar 2024 53.38 0.00
Dec 2023 53.38 0.00
Sep 2023 53.38 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 19.2420848137148% for the Past 3 years.
  • Company has been maintaining healthy ROE of 24.5422666666667% over the past 3 years.
  • Company has been maintaining healthy ROCE of 21.4258% over the past 3 years.
  • The company has an efficient Cash Conversion Cycle of -60.5286 days.
  • The company has a high promoter holding of 53.38%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.48754955004845.

 Limitations

  • The company has shown a poor revenue growth of 8.37795214438333% for the Past 3 years.
  • Company has contingent liabilities of 258.1 Cr.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Net Sales 568.94 743.64 506.4 124.88 754.34
Total Expenditure 487.11 658.82 450.44 98.03 656
Operating Profit 81.83 84.82 55.96 26.85 98.34
Other Income 2.25 3.86 13.07 7.58 2.03
Interest 4.96 7.77 13.02 20.68 11.92
Depreciation 9.71 9.56 9.48 9.43 9.41
Exceptional Items 0 0 0 -48.61 0
Profit Before Tax 69.41 71.35 46.53 -44.29 79.04
Tax 25.44 26.29 18.46 -15.11 27.69
Profit After Tax 43.97 45.06 28.07 -29.18 51.35
Adjusted EPS (Rs) 2.16 2.21 1.38 -1.43 2.52

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

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 2079.18 1527.01 1874.92 2828.82 1943.86
Total Expenditure 1966.38 1456.58 1699.28 2475.03 1694.4
Operating Profit 112.8 70.43 175.64 353.79 249.46
Other Income 10.47 28.58 23.39 20.63 18.3
Interest 34.15 14.15 14.19 30.93 37.98
Depreciation 32.14 38.23 44.41 43.73 38.18
Exceptional Items 0 0 0 0 -48.61
Profit Before Tax 56.98 46.62 140.43 299.76 142.99
Tax 0.04 -5.23 0 15.32 55.08
Net Profit 56.94 51.85 140.43 284.44 87.91
Adjusted EPS (Rs.) 2.8 2.55 6.9 13.97 4.32

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 203.64 203.64 203.64 203.64 203.64
Total Reserves 196.89 256.29 410.79 682.38 747.55
Borrowings 0 0 37.41 101.4 24.09
Other N/C liabilities -74.28 -71.67 -68.84 -125.52 -8.31
Current liabilities 1628.39 1164.24 926.9 1113.3 622.06
Total Liabilities 1954.63 1552.5 1509.9 1975.2 1589.03
Assets
Net Block 351.83 524.07 680.77 656 650.97
Capital WIP 26.22 17.54 1.86 0.87 33.66
Intangible WIP 0 0 0 0 0
Investments 63.96 58.51 67.22 67.51 69.44
Loans & Advances 83.66 66.78 42.57 27.73 177.8
Other N/C Assets 1.26 15.06 52.9 70.93 79.4
Current Assets 1427.69 870.54 664.59 1152.16 577.76
Total Assets 1954.63 1552.5 1509.9 1975.2 1589.03
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 56.98 46.62 140.43 299.76 142.99
Adjustment 67.02 28.17 39.11 67.51 69.63
Changes in Assets & Liabilities 16.07 284.72 -284.76 -334.6 70.86
Tax Paid -3.68 0.14 -0.75 -44.09 -56.07
Operating Cash Flow 136.39 359.65 -105.96 -11.42 227.41
Investing Cash Flow -151.12 -157.67 -156.01 -34.34 -175.2
Financing Cash Flow 6.42 -188.18 189.1 57.15 0.43
Net Cash Flow -8.31 13.81 -72.87 11.39 52.64

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 53.38 53.38 53.38 53.38 53.38
ami holdings private limi... 19.95 19.95 19.95 19.95 19.95
ashwin c muthiah 0.02 0.02 0.02 0.02 0.02
darnolly investments ltd 0.71 0.71 0.71 0.71 0.71
ficon holdings ltd 8.39 8.39 8.39 8.39 8.39
lotus fertilizers private... 14.98 14.98 14.98 14.98 14.98
ranford investments ltd 1.02 1.02 1.02 1.02 1.02
sicagen india limited 2.56 2.56 2.56 2.56 2.56
south india house estates... 0.88 0.88 0.88 0.88 0.88
south india investments a... 0.02 0.02 0.02 0.02 0.02
south india travels pvt l... 0.12 0.12 0.12 0.12 0.12
tamilnadu industrial deve... - - 4.73 4.73 4.73
tamilnadu industrial deve... 4.73 4.73 - - -
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 46.62 46.62 46.62 46.62 46.62
finquest securities priva... 5.47 5.47 - 3.12 3.11
investor education and pr... - - - 0.09 0.09
llp - - - 0.09 0.14
life insurance corporatio... 1.79 1.38 1.38 1.38 -
finquest securities priva... - - 3.74 - -
investor education and pr... 0.09 0.09 0.09 - -

Ratings & Research Reports

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Company Presentations

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Company News

SPIC - Quaterly Results 9 Aug, 4:34 PM SPIC - Quaterly Results 9 Aug, 4:34 PM SPIC - Quaterly Results 9 Aug, 4:34 PM SPIC - Quaterly Results 8 Aug, 12:00 PM SPIC - Quaterly Results 22 May, 2:42 PM SPIC - Quaterly Results 22 May, 2:42 PM SPIC - Quaterly Results 22 May, 2:42 PM SPIC - Quaterly Results 16 May, 12:00 PM SPIC - Quaterly Results 16 May, 12:00 PM SPIC - Quaterly Results 14 Feb, 12:00 PM SPIC - Quaterly Results 14 Feb, 12:00 PM SPIC - Quaterly Results 14 Feb, 12:00 PM Southern Petrochemical Industries Corporation informs about outcome of board meeting 15 Nov, 10:52 AM SPIC - Quaterly Results 6 Nov, 12:00 PM SPIC - Quaterly Results 6 Nov, 12:00 PM SPIC - Quaterly Results 6 Nov, 12:00 PM SPIC - Quaterly Results 11 Aug, 12:00 PM SPIC - Quaterly Results 11 Aug, 12:00 PM SPIC - Quaterly Results 24 May, 12:00 PM SPIC - Quaterly Results 24 May, 12:00 PM SPIC - Quaterly Results 10 Feb, 12:00 PM SPIC - Quaterly Results 10 Feb, 12:00 PM SPIC - Quaterly Results 10 Feb, 12:00 PM SPIC - Quaterly Results 3 Nov, 12:00 PM SPIC - Quaterly Results 3 Nov, 12:00 PM SPIC - Quaterly Results 3 Nov, 12:00 PM SPIC - Quaterly Results 10 Aug, 12:00 PM SPIC - Quaterly Results 10 Aug, 12:00 PM SPIC - Quaterly Results 10 Aug, 12:00 PM Southern Petrochemicals informs about resignation of director 5 Jul, 4:58 PM SPIC - Quaterly Results 27 May, 12:00 PM SPIC - Quaterly Results 27 May, 12:00 PM Southern Petrochemical Industries Corporation informs about board meeting 20 May, 12:16 PM Southern Petrochemicals temporarily shuts down plants 23 Feb, 11:59 AM SPIC - Quaterly Results 14 Feb, 12:00 PM SPIC setting up facility in Tuticorin to produce medical grade oxygen 24 May, 12:27 PM Southern Petrochemical Industries starts receiving natural gas from Indian Oil Corporation 15 Mar, 11:24 AM Southern Petrochemical Industries Corporation temporary shuts down plants 2 Feb, 3:18 PM

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 15.7228941407752 which is high and comparatively overvalued .

  • Share Price: - The current share price of SPIC is Rs 73.58. One can use valuation calculators of ticker to know if SPIC share price is undervalued or overvalued.

  • 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 4.9329 % 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 0.9288 .

  • 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 9.5699 % .(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 0.492 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 12.5035 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - SPIC has reported revenue growth of -31.2837 % 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 12.8332287304641 %.

  • 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 1.5 and the yield is 2.0281 %.

 

Last Updated on:
Brief about SPIC
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