Southern Petrochemical Industries Corporation Limited (IN:SPIC)
:SPIC
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Southern Petrochemical Industries Corporation Limited
(SPIC)
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Rating:61Neutral
Price Target:
₹64.00
▼(-28.19% Downside)
Action:ReiteratedDate:04/02/26
The score is driven primarily by improving profitability and revenue trends but weighed down by weak cash generation (negative free cash flow) and a bearish technical setup. Valuation is a meaningful positive offset due to the low P/E and solid dividend yield.
Positive Factors
Revenue Growth
Sustained ~27% revenue growth signals expanding product volumes or pricing power in core fertilizer/chemical markets. Over a 2-6 month horizon this supports scale benefits, stronger top-line resilience and provides cover for reinvestment into plants or product lines.
Negative Factors
Weak Cash Generation
Persistent negative free cash flow and worsening OCF-to-income conversion imply the company struggles to turn profits into usable cash. Over months this can constrain capex, maintenance, and dividend funding and increase dependence on external financing or asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained ~27% revenue growth signals expanding product volumes or pricing power in core fertilizer/chemical markets. Over a 2-6 month horizon this supports scale benefits, stronger top-line resilience and provides cover for reinvestment into plants or product lines.
Read all positive factors
Southern Petrochemical Industries Corporation Limited (SPIC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.54B
Dividend Yield2.46%
Average Volume (3M)29.49K
Price to Earnings (P/E)7.9
Beta (1Y)1.15
Revenue Growth47.79%
EPS Growth74.12%
CountryIN
Employees649
SectorBasic Materials
Sector Strength58
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)2.65
Shares Outstanding203,640,340
10 Day Avg. Volume33,177
30 Day Avg. Volume29,492
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)1.42
Price to Sales (P/S)0.56
P/FCF Ratio-5.88
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 generates revenue primarily through the sale of its chemical and fertilizer products to industrial customers, agricultural distribution channels, and related buyers, with earnings driven by product volumes sold and realized selling prices. Ke...
Southern Petrochemical Industries Corporation Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
60
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.56B | 30.72B | 19.44B | 5.23B | 3.79B | 3.27B |
| Gross Profit | 7.42B | 7.67B | 4.51B | -17.44B | -11.74B | -9.85B |
| EBITDA | 3.61B | 3.28B | 2.19B | 3.96B | 1.90B | 1.28B |
| Net Income | 1.86B | 1.56B | 1.13B | 3.01B | 1.63B | 740.75M |
Balance Sheet | ||||||
| Total Assets | 22.36B | 22.85B | 17.63B | 22.02B | 16.92B | 17.12B |
| Cash, Cash Equivalents and Short-Term Investments | 3.70B | 807.50M | 2.05B | 419.00M | 330.12M | 1.06B |
| Total Debt | 4.49B | 7.22B | 4.71B | 4.01B | 3.05B | 1.04B |
| Total Liabilities | 9.37B | 10.86B | 6.87B | 12.16B | 9.98B | 11.96B |
| Stockholders Equity | 13.00B | 11.99B | 10.76B | 9.86B | 6.94B | 5.16B |
Cash Flow | ||||||
| Free Cash Flow | 5.87B | -2.91B | 1.54B | -601.09M | -2.67B | 1.78B |
| Operating Cash Flow | 8.11B | -379.50M | 2.27B | -306.62M | -1.06B | 3.61B |
| Investing Cash Flow | -3.89B | -1.45B | -1.75B | -163.37M | -1.56B | -1.59B |
| Financing Cash Flow | -3.48B | 1.63B | 4.30M | 583.91M | 1.89B | -1.88B |
Southern Petrochemical Industries Corporation Limited Technical Analysis
Negative
89.13
Price Trends
66.83
Negative
74.63
Negative
84.12
Negative
Market Momentum
-1.26
Negative
56.37
Neutral
92.36
Negative
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 61.28, above the 50-day MA of 66.83, and above the 200-day MA of 84.12, indicating a neutral trend. The MACD of -1.26 indicates Negative momentum. The RSI at 56.37 is Neutral, neither overbought nor oversold. The STOCH value of 92.36 is Negative, 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹5.42B | 9.32 | ― | ― | 67.43% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹13.54B | 7.91 | ― | 2.46% | 47.79% | 74.12% | |
60 Neutral | ₹9.32B | 22.24 | ― | 1.23% | 0.69% | -7.54% | |
59 Neutral | ₹3.63B | 7.26 | ― | ― | 51.38% | -19.06% | |
40 Underperform | ₹10.70B | 127.23 | ― | ― | 3.38% | 0.68% |
* Basic Materials Sector Average
IN:SPIC
Southern Petrochemical Industries Corporation Limited
66.47
-13.48
-16.86%
IN:JAYAGROGN
Jayant Agro-Organics Limited
193.45
-27.04
-12.26%
IN:KHAICHEM
Khaitan Chemicals & Fertilizers Ltd.
55.86
8.40
17.70%
IN:MADRASFERT
Madras Fertilizers Ltd
66.44
-5.39
-7.50%
IN:MANAKSIA
Manaksia Limited
55.45
-4.79
-7.95%
IN:TUTICORALK
Tuticorin Alkali Chemicals & Fertilizers Limited
53.43
-25.83
-32.59%
Southern Petrochemical Industries Corporation Limited Corporate Events
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...
SPIC Notifies Conversion of Statutory Auditor M S K A & Associates into LLP
Jan 15, 2026
Southern Petrochemical Industries Corporation Limited has disclosed that its statutory auditor, M S K A Associates, Chartered Accountants, has converted into a Limited Liability Partnership (LLP) under the Limited Liability Partnership Act, 2008,...
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.