Southern Petrochemical Industries Corporation Limited (IN:SPIC)
:SPIC
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Southern Petrochemical Industries Corporation Limited
(SPIC)
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Rating:69Neutral
Price Target:
₹81.00
▼(-9.12% Downside)
Action:Reiterated
Date:05/25/26
The score is led by attractive valuation (low P/E and solid dividend yield) and supportive near-term technical momentum (price above key short/mid-term averages with positive MACD). Offsetting these positives, financial quality is mixed: profits improved and leverage is manageable, but cash-flow volatility and a sharp year-over-year drop in free cash flow increase execution risk.
Positive Factors
Earnings recovery
Reported net income rose to 2.11B even as revenue fell ~6.3%, signaling the company can restore profitability via cost control, product mix or efficiency gains. Durable earnings recovery improves ability to cover fixed costs and supports reinvestment and strategic stability over coming quarters.
Negative Factors
Cash-flow volatility
FCF plunged ~84.9% versus the prior year and the firm has had multiple years of negative operating or free cash flow. Persistent cash volatility driven by working-capital swings undermines reliable funding for capex, dividends and debt service, raising execution and refinancing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Earnings recovery
Reported net income rose to 2.11B even as revenue fell ~6.3%, signaling the company can restore profitability via cost control, product mix or efficiency gains. Durable earnings recovery improves ability to cover fixed costs and supports reinvestment and strategic stability over coming quarters.
Read all positive factors
Southern Petrochemical Industries Corporation Limited (SPIC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹14.09B
Dividend Yield2.46%
Average Volume (3M)29.49K
Price to Earnings (P/E)6.7
Beta (1Y)1.24
Revenue Growth-4.22%
EPS Growth35.87%
CountryIN
Employees649
SectorBasic Materials
Sector Strength58
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)9.13
Shares Outstanding203,640,340
10 Day Avg. Volume33,177
30 Day Avg. Volume29,492
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)0.82
Price to Sales (P/S)0.38
P/FCF Ratio12.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Southern Petrochemical Industries Corporation Limited Business Overview & Revenue Model
Company Description
Southern Petrochemical Industries Corporation Limited manufactures and sells fertilizers in India and internationally. The company operates through Agro inputs - Urea Operations and Others - Agri Business segments. It provides chemical fertilizers...
How the Company Makes Money
SPIC’s primary revenue model has historically been based on selling manufactured fertilizer products (notably urea and related agri-nutrient inputs) to distributors, institutional buyers, and agricultural channels, generating revenue from product ...
Southern Petrochemical Industries Corporation Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.56B | 29.56B | 30.72B | 19.44B | 5.23B | 3.79B |
| Gross Profit | 7.42B | 5.90B | 7.67B | 4.51B | -17.44B | -11.74B |
| EBITDA | 3.61B | 3.00B | 3.28B | 2.19B | 3.96B | 1.90B |
| Net Income | 1.86B | 2.11B | 1.56B | 1.13B | 3.01B | 1.63B |
Balance Sheet | ||||||
| Total Assets | 22.36B | 24.98B | 22.85B | 17.63B | 22.02B | 16.92B |
| Cash, Cash Equivalents and Short-Term Investments | 3.70B | 1.25B | 807.50M | 2.05B | 419.00M | 330.12M |
| Total Debt | 4.49B | 7.03B | 7.22B | 4.71B | 4.01B | 3.05B |
| Total Liabilities | 9.37B | 11.28B | 10.86B | 6.87B | 12.16B | 9.98B |
| Stockholders Equity | 13.00B | 13.70B | 11.99B | 10.76B | 9.86B | 6.94B |
Cash Flow | ||||||
| Free Cash Flow | 5.87B | 884.60M | -2.91B | 1.54B | -601.09M | -2.67B |
| Operating Cash Flow | 8.11B | 4.08B | -379.50M | 2.27B | -306.62M | -1.06B |
| Investing Cash Flow | -3.89B | -2.75B | -1.45B | -1.75B | -163.37M | -1.56B |
| Financing Cash Flow | -3.48B | -879.10M | 1.63B | 4.30M | 583.91M | 1.89B |
Southern Petrochemical Industries Corporation Limited Technical Analysis
Negative
89.13
Price Trends
67.10
Positive
69.96
Negative
81.23
Negative
Market Momentum
0.78
Negative
48.79
Neutral
55.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPIC, the sentiment is Negative. The current price of 89.13 is above the 20-day moving average (MA) of 69.93, above the 50-day MA of 67.10, and above the 200-day MA of 81.23, indicating a neutral trend. The MACD of 0.78 indicates Negative momentum. The RSI at 48.79 is Neutral, neither overbought nor oversold. The STOCH value of 55.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SPIC.
Southern Petrochemical Industries Corporation Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹14.09B | 6.65 | ― | 2.46% | -4.22% | 35.87% | |
67 Neutral | ₹187.69B | 9.55 | ― | 2.13% | 24.92% | 18.44% | |
66 Neutral | ₹65.15B | 9.72 | ― | 2.80% | 14.81% | 13.77% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹517.75B | 26.41 | ― | 0.50% | 30.70% | -5.33% | |
53 Neutral | ₹130.55B | 13.97 | ― | 0.62% | 52.51% | 56.28% | |
53 Neutral | ₹70.95B | 16.60 | ― | 0.93% | 9.13% | 76.20% |
* Basic Materials Sector Average
IN:SPIC
Southern Petrochemical Industries Corporation Limited
69.17
-14.62
-17.45%
IN:CHAMBLFERT
Chambal Fertilisers & Chemicals Ltd.
468.55
-75.96
-13.95%
IN:COROMANDEL
Coromandel International Limited
1,755.00
-513.26
-22.63%
IN:GSFC
Gujarat State Fertilizers & Chemicals Limited
163.50
-36.70
-18.33%
IN:PARADEEP
Paradeep Phosphates Ltd.
125.75
-49.60
-28.29%
IN:RCF
Rashtriya Chemicals & Fertilizers Ltd.
128.60
-19.31
-13.06%
Southern Petrochemical Industries Corporation Limited Corporate Events
SPIC posts stronger FY26 profits, declares 20% dividend and reshapes finance leadership
May 22, 2026
Southern Petrochemical Industries Corporation Ltd. reported audited results for the quarter and year ended 31 March 2026, posting annual total income of INR 3,015.10 crore versus INR 3,100.25 crore a year earlier, but increasing profit before tax ...
SPIC Urges Investors to Use Extended SEBI Window for Physical Share Transfers
Mar 24, 2026
Southern Petrochemical Industries Corporation has notified investors that the Securities and Exchange Board of India has extended the special window for re-lodgement of transfer requests for physical share certificates until 4 February 2027. The f...
SPIC Urges Shareholders to Update Email and KYC Details for Digital Ballot Notices
Mar 24, 2026
Southern Petrochemical Industries Corporation Limited has issued a public notice urging shareholders to register or update their email addresses and KYC details with the company, its registrar Cameo Corporate Services, or their depository particip...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.