Is Southern Petrochemical Industries Corporation a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Southern Petrochemical Industries Corporation Ltd is a average quality company .

Is Southern Petrochemical Industries Corporation undervalued or overvalued?

The key valuation ratios of Southern Petrochemical Industries Corporation Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Southern Petrochemical Industries Corporation share price return in the past 10 years?

Southern Petrochemical Industries Corporation Ltd share price has appreciated 12% annually (CAGR) over the past ten years.

Is Southern Petrochemical Industries Corporation a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Southern Petrochemical Industries Corporation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Southern Petrochemical Industries Corporation?

Company share prices are keep on changing according to the market conditions. The closing price of Southern Petrochemical Industries Corporation on 22-Nov-2024 at 16:59 is 72.13.

What is the P/E ratio of Southern Petrochemical Industries Corporation?

The latest standalone P/E ratio of Southern Petrochemical Industries Corporation as of 22-Nov-2024 is 18.08.

What is the P/B ratio of Southern Petrochemical Industries Corporation?

The latest standalone P/B ratio of Southern Petrochemical Industries Corporation as of 22-Nov-2024 is 1.46.

What is the 52-week high and low of Southern Petrochemical Industries Corporation?

The 52-week high of Southern Petrochemical Industries Corporation is Rs. 107.45 and the 52-week low is Rs. 64.35.

What is the TTM revenue of Southern Petrochemical Industries Corporation?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Southern Petrochemical Industries Corporation is Rs. 2131.29 (Cr.).

Southern Petrochemical Industries Corporation Ltd - Stock Valuation and Financial Performance

Name: Southern Petrochemical Industries Corporation
Brand: Southern Petrochemical Industries Corporation

BSE: 590030 | NSE: SPIC | Fertilizers | Small Cap

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SPIC Share Price

₹72.13 1.28 1.81%
as on 22-Nov'24 16:59

10 Year X-Ray of SPIC:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	9.1%	10.4%	6.3%	11.4%	13.5%	11.7%	8.9%	20.9%	30%	13.4%	-
Value Creation Index ⓘ	-0.4	-0.3	-0.6	-0.2	0.0	-0.2	-0.4	0.5	1.1	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,094	1,838	1,499	1,994	2,592	2,079	1,527	1,875	2,829	1,944	2,131
Sales YoY Gr.	-	-12.2%	-18.4%	33%	30%	-19.8%	-26.6%	22.8%	50.9%	-31.3%	-
Adj EPS ⓘ	1.7	2.3	1.3	2	2.7	4.1	3	7	14.2	6.1	4
YoY Gr.	-	32.6%	-43.9%	53.9%	38.6%	50.9%	-26.2%	130.9%	101.9%	-56.7%	-
BVPS (₹) ⓘ	10.3	11.5	13.2	15	17.1	19.7	22.6	30.2	43.5	46.7	49.5
Adj Net Profit ⓘ	35	46.5	26.1	40.1	55.7	83.9	61.9	143	289	125	81
Cash Flow from Ops. ⓘ	389	30.2	-351	330	67.4	136	360	-106	-11.4	227	-
Debt/CF from Ops. ⓘ	0.3	4	-1.5	0.8	5.9	3	0.3	-2.9	-35.2	2.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-0.8%	-5.6%	8.4%	-31.3%
Adj EPS ⓘ	15.2%	17.6%	26.4%	-56.7%
BVPSⓘ	18.3%	22.3%	27.4%	7.4%
Share Price	12%	29.5%	14%	6.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	16.4	19.9	10.2	14	17	22.4	14.4	26.6	38.5	13.6	8.3
Op. Profit Mgn % ⓘ	4.3	4.3	2.4	5.9	3.9	7.3	5.6	9.6	12.7	13.1	11.6
Net Profit Mgn % ⓘ	1.7	2.5	1.7	2	2.2	4	4.1	7.6	10.2	6.4	3.8
Debt to Equity ⓘ	0.5	0.5	2	0.9	1.2	1	0.2	0.5	0.5	0.5	0.1
Working Cap Days ⓘ	184	227	258	168	171	251	266	149	123	170	135
Cash Conv. Cycle ⓘ	-109	-181	-127	-59	-113	-197	-207	-76	-37	-39	-7

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 26.41%

Return on Equity has declined versus last 3 years average to 8.30%

Sales growth has been subdued in last 3 years 8.38%

Sales growth is not so good in last 4 quarters at -18.81%

Latest Financials - Southern Petrochemical Industries Corporation Ltd.

	Standalone	Consolidated
TTM EPS (₹)	4	5.2
TTM Sales (₹ Cr.)	2,131	2,131
BVPS (₹.) ⓘ	49.5	56.3
Reserves (₹ Cr.) ⓘ	805	943
P/BV ⓘ	1.46	1.28
PE ⓘ	18.08	13.76

From the Market
52 Week Low / High (₹)	64.35 / 107.45
All Time Low / High (₹)	5.10 / 107.45
Market Cap (₹ Cr.)	1,469
Equity (₹ Cr.)	203.6
Face Value (₹)	10
Industry PE ⓘ	17.8

Management X-Ray of SPIC:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of SPIC

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of SPIC

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,094	1,838	1,499	1,994	2,592	2,079	1,527	1,875	2,829	1,944
Operating Expenses ⓘ	2,029	1,800	1,651	1,883	3,055	1,966	1,457	1,699	2,475	1,694
Manufacturing Costs	649	589	568	731	800	652	541	409	325	280
Material Costs	1,262	1,063	790	1,064	1,598	1,185	815	1,187	2,032	1,310
Employee Cost	44	43	53	53	62	59	60	67	73	68
Other Costs ⓘ	74	105	240	35	595	70	40	36	45	36
Operating Profit ⓘ	65	38	-152	111	-463	113	70	176	354	249
Operating Profit Margin (%)	3.1%	2.1%	-10.1%	5.6%	-17.9%	5.4%	4.6%	9.4%	12.5%	12.8%
Other Income ⓘ	12	19	219	5	585	10	29	23	21	18
Interest ⓘ	28	12	11	41	36	34	14	14	31	38
Depreciation ⓘ	30	29	31	40	32	32	38	44	44	38
Exceptional Items ⓘ	0	9	0	2	0	0	0	0	0	-49
Profit Before Tax ⓘ	18	25	26	37	53	57	47	140	300	143
Tax ⓘ	0	0	0	0	0	0	-5	0	15	55
Profit After Tax	18	25	26	37	53	57	52	140	284	88
PAT Margin (%)	0.8%	1.3%	1.8%	1.9%	2.1%	2.7%	3.4%	7.5%	10.1%	4.5%
Adjusted EPS (₹)	0.9	1.2	1.3	1.8	2.6	2.8	2.6	6.9	14.0	4.3
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	7%	11%	35%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	222	246	269	306	348	401	460	614	886	951
Share Capital ⓘ	216	216	204	204	204	204	204	204	204	204
Reserves ⓘ	5	30	65	102	144	197	256	411	682	748
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	120	120	536	263	366	279	104	302	281	144
Long Term Debt	0	0	34	163	129	0	0	37	101	24
Short Term Debt	120	120	502	100	238	279	104	264	179	120
Trade Payables	909	1,146	370	739	1,209	1,182	949	488	602	61
Others Liabilities ⓘ	121	97	9	26	-15	93	40	106	207	433
Total Liabilities ⓘ	1,372	1,609	1,183	1,334	1,908	1,955	1,552	1,510	1,975	1,589
Fixed Assets
Gross Block	1,414	1,417	284	302	319	468	675	865	845	742
Accumulated Depreciation	1,114	1,137	22	57	88	116	151	184	189	91
Net Fixed Assetsⓘ	300	280	261	245	231	352	524	681	656	651
CWIP ⓘ	13	12	23	35	69	26	18	2	1	34
Investmentsⓘ	32	32	36	35	65	64	59	94	92	101
Inventories	133	93	229	189	188	135	351	449	221	95
Trade Receivables	20	63	92	47	18	9	7	0	10	18
Cash Equivalents	10	16	7	8	77	72	106	6	17	174
Others Assetsⓘ	865	1,113	535	774	1,260	1,296	489	278	978	517
Total Assets ⓘ	1,372	1,609	1,183	1,334	1,908	1,955	1,552	1,510	1,975	1,589

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	389	30	-351	330	67	136	360	-106	-11	227
PBT ⓘ	18	25	26	37	53	57	47	140	300	143
Adjustment ⓘ	71	43	41	71	56	67	28	39	68	70
Changes in Working Capital ⓘ	301	-37	-417	222	-46	16	285	-285	-335	71
Tax Paid ⓘ	-1	-1	0	-1	4	-4	0	-1	-44	-56
Cash Flow From Investing Activity ⓘ	-14	-16	-17	-40	-101	-151	-158	-156	-34	-175
Capex	-14	-16	-19	-36	-67	-151	-183	-161	-29	-73
Net Investments	0	0	0	0	-41	-2	21	-1	-18	-112
Others ⓘ	0	0	2	-3	7	2	4	6	13	10
Cash Flow From Financing Activityⓘ	-381	-9	360	-290	102	6	-188	189	57	0
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-100	0	34	129	0	0	-177	172	13	148
Interest Paid ⓘ	-34	-9	-13	-15	-33	-33	-11	-8	-28	-37
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	-10	-30
Others ⓘ	-247	0	339	-403	136	40	0	25	82	-80
Net Cash Flow ⓘ	-6	5	-8	0	69	-8	14	-73	11	53

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	8.78	11.19	10.49	12.96	16.32	15.22	12.05	26.14	37.91	9.57
ROCE (%)	9.05	10.4	6.31	11.38	13.52	11.71	8.86	20.9	30.01	13.37
Asset Turnover Ratio	1.48	1.24	1.08	1.6	1.63	1.09	0.89	1.25	1.65	1.11
PAT to CFO Conversion(x)	21.61	1.2	-13.5	8.92	1.26	2.39	6.92	-0.76	-0.04	2.58
Working Capital Days
Receivable Days	3	8	19	13	5	2	2	1	1	3
Inventory Days	28	22	39	38	26	28	57	76	43	29
Payable Days	223	353	350	190	222	368	477	221	98	92

Southern Petrochemical Industries Corporation Ltd Stock News

Southern Petrochemical Industries Corporation Ltd FAQs

What is the share price of SPIC?

Company share prices are keep on changing according to the market conditions. The closing price of SPIC on 22-Nov-2024 16:59 is ₹72.13.

What is the market cap of SPIC?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Nov-2024 16:59 the market cap of SPIC stood at ₹1,468.9.

What is the P/E ratio of SPIC?

The latest P/E ratio of SPIC as of 22-Nov-2024 16:59 is 18.08.

What is the P/B ratio of SPIC?

The latest P/B ratio of SPIC as of 22-Nov-2024 16:59 is 1.46.

What is the 52-week high and low of SPIC?

The 52-week high of SPIC is ₹107.5 and the 52-week low is ₹64.35.

What is the TTM revenue of SPIC?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SPIC is ₹2,131 ( Cr.) .

About Southern Petrochemical Industries Corporation Ltd

Southern Petrochemical Industry Corporation (SPIC) since its founding in 1975 has been providing product & services that feed, nourish, and protect the agriculture & rural ecosystem.

During the financial year 2000-01, the company disposed of its stake in SPIC PHI Seeds Ltd., in favour of the overseas joint venture partner and also hived off the Heavy Chemicals Division. The company is in the process of identifying suitable partners/ business options for hiving off the pharmaceutical and biotechnology operations.

The company is now a well diversified one with area of businesses spreading from fertilizers to pharma:

Fertilizers- SPIC is among India's largest manufacturers of fertilizers. Operating through a vast India-wide distribution network involving more than 12 states and 4000 outlets, we market more than 2 million tonnes of fertilizers annually to enhance the agricultural productivity and profitability of millions of farmers.

- Urea - Complex fertilizers- Di ammonium phosphate (DAP) - Fertilizer-grade gypsum - Muriate of potash - Sulphuric acid, phosphoric acid, and aluminium fluoride

Engineering- SPIC's engineering services business offers specialized and turnkey project-based solutions mainly in:- Rural and railway electrification - Chemicals and petrochemicals - Fertilizers - Oil and gas - Power

Pharma- Fermentation-based Penicillin-Gâ€”among the world's most cost-effective; - Customs synthesis and contract manufacturing of active pharmaceutical ingredients (apsis), drug intermediates, and synthetic organics compounds for global innovator companies; - Finished dosage forms; - Plant-based neutraceuticals.

Enzymes- Leather - Chemicals and pharmaceuticals - Textiles - Pulp and paper - Food processing - Vegetable oil extraction - Animal feed - Breweries

Agri biotech- Tissue culture plants - Bio-fertilizers - Hybrid seeds - Crop protection

Awards/ Achievements:

National Safety Award for best safety performance 2003 from British Safety Council, UK
Best technical innovation award 2003-04 from Fertilizer Association of India
Best environmental protection award 2003-04 from Fertilizer Association of India
Star Award 2003 from National Safety Council, Tamil Nadu Chapter
Certificate of merit for ISO 9001 and ISO 14001 certification from Indian Chemical Manufacturers' Association
Commendation certificate for being among the top importers 2003-04 at Tuticorin Port from Tuticorin Customs Commissionerate
Best importer award 2003-04 for fertilizer raw materials from Tuticorin Port Trust.

Certifications

1997- ISO 9002 certification for SPIC's engineering services workshop ABS Quality Evaluation, US
1995- ISO 9001 certification from ABS Quality Evaluation, US

Awards for the engineering division

British Safety Council, UK - Five Star Rating Award- Sword of Honor Award- National Safety Award
National Safety Council, US- Award of Honor- International first place- Award of Merit- Safety Star Award
Kuwait National Petroleum Company- Refinery Managers' Rolling Trophy 2001- Refinery Managers' Rolling Trophy 1998