Southern Petrochemical Industries Corporation Ltd Stock Analysis

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

BSE Share Price 08-Jun-2023 18:14
67.35 -0.56 (-0.82%)

DeciZen - Make an Informed Decision on SPIC

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

SPIC Price Chart

P/E Ratio ( SA) :
4.82
Market Cap :
1,371.5 Cr.
52-wk low :
40.8
52-wk high :
91.9
Bole Toh?

1. Is Southern Petrochemical Industries Corporation Ltd 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.

2. Is Southern Petrochemical Industries Corporation Ltd 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.

3. Is Southern Petrochemical Industries Corporation Ltd a good buy now?

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

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Southern Petrochemical Industries Corporation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 498.8%31.7%10.8%15.5%5.7%10%71.8%13.9%10.5%20.7%-
Value Creation Index 34.61.3-0.20.1-0.6-0.34.1-0.0-0.30.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,0691,3452,0941,8381,4991,9942,5922,0791,5271,8752,819
YoY Gr. Rt. %--35%55.7%-12.2%-18.4%33%30%-19.8%-26.6%22.8%-
Adj EPS 55.56.91.72.31.32224.13714
YoY Gr. Rt. %--87.5%-75.1%32.6%-43.9%53.9%1015.7%-81.3%-26.2%130.9%-
BVPS (₹) 6.29.410.311.513.21517.119.722.630.243.5
Adj Net Profit 1,1291413546.526.140.144883.961.9143284
Cash Flow from Ops. 97.9-34638930.2-35133067.4136360-113-
Debt/CF from Ops. 1.8-1.40.34-1.50.85.930.3-2.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1.1%4.6%-10.2%22.8%
Adj EPS -20.5%40.6%-31.7%130.9%
BVPS 19.31820.933.6
Share Price 18.6% 16% 61.6% 23.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -252.582.216.419.910.21413722.414.426.637.9
Op. Profit Mgn % 1.93.74.34.32.45.93.97.35.69.612.6
Net Profit Mgn % 54.610.51.72.51.7217.344.17.610.1
Debt to Equity 1.22.30.50.520.91.210.20.50.1
Working Cap Days 51181184227258168171251267145150
Cash Conv. Cycle -26-77-109-181-127-59-113-197-207-765

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 37.90%

Debt to equity has declined versus last 3 years average to 0.49

Sales growth is good in last 4 quarters at 65.04%

Sales growth has been subdued in last 3 years -10.23%

Net Profit has been subdued in last 3 years -31.65%

Latest Financials - Southern Petrochemical Industries Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 14 14.8
TTM Sales (₹ Cr.) 2,819 2,819
BVPS (₹.) 43.5 46.2
Reserves (₹ Cr.) 682 738
P/BV 1.55 1.46
PE 4.82 4.56
From the Market
52 Week Low / High (₹) 40.80 / 91.90
All Time Low / High (₹) 5.10 / 93.05
Market Cap (₹ Cr.) 1,372
Equity (₹ Cr.) 203.6
Face Value (₹) 10
Industry PE 10.6

Management X-Ray of SPIC :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of SPIC

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Southern Petrochemical Industries Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SPIC on 08-Jun-2023 18:14 is : 67.35.
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 08-Jun-2023 18:14 the market cap of SPIC stood at ₹ 1,371.5.
The latest PE ratio of SPIC as of 08-Jun-2023 18:14 is 4.82.
The latest PB ratio of SPIC as of 08-Jun-2023 18:14 is 1.55
The 52-week high of SPIC is ₹ 91.90 and the 52-week low is ₹ 40.80.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of SPIC is ₹ 2,819 ( 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-G—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
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