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Southern Petrochemical Industries Corporation Ltd. Stock Analysis

Small Cap
Evaluated by 486 users | BSE: 590030 | NSE: SPIC |
Fertilizers
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 0.53%18.23%498.79%31.65%10.81%15.51%5.73%10.01%71.79%13.85%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 9732,4392,0691,3452,0941,8381,4991,9942,5922,079
Y-o-Y Gr. Rt.-150.6%-15.1%-35%55.7%-12.2%-18.4%33%30%-19.8%
Adjusted EPS (Rs.) -0.850.3155.456.911.722.281.281.9721.984.12
Y-o-Y Gr. Rt.-NA17787.1%-87.5%-75.1%32.6%-43.9%53.9%1015.7%-81.3%
Book Value per Share (Rs.) -62.46-62.846.179.410.2711.4813.1915.0117.0819.67
Adjusted Net Profit -14.15.11,1291413546.526.140.144883.9
Net Op. Cash Flow (Rs. Cr.) -45.743.497.9-34638930.2-35133067.4136
Debt to Cash Flow from Ops -33.7427.381.76-1.350.313.97-1.530.85.942.99
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Southern Petrochemical Industries Corporation Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 8.8%-0.1%11.5%-19.8%
Adjusted EPS NA19.1%47.7%-81.3%
Book Value per Share 013.914.315.2
Share Price -4.2% -0.7% -26.3% -12.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 1.3-0.5-252.5382.2216.4419.8610.1513.97136.9922.42
Operating Profit Margin (%) 1.45.451.923.694.284.262.425.893.857.28
Net Profit Margin (%) -1.450.2154.5710.451.672.531.742.0117.274.04
Debt to Equity -1.5-1.151.242.290.540.491.990.861.151.02
Working Capital Days 1756951181184227258168171251
Cash Conversion Cycle -139-39-26-77-109-181-127-59-113-197
Entity Percentage Holding
Promoters 52.79%
Institutions 2.41%
Non-Institutions 44.81%
Pledged *15.330.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Southern Petrochemical Industries Corporation Ltd.'s performance infers:

Southern Petrochemical Industries Corporation Ltd. earnings have grown by 19.1%, whereas share price has depreciated -0.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Southern Petrochemical Industries Corporation Ltd. share prices over the last 10 years. Here is what we found out:

Southern Petrochemical Industries Corporation Ltd. share price has depreciated -3.4% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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