Southern Petrochemical Industries Corporation Limited (SPIC) AI Stock Analysis

• Market Cap: ₹22.61B
• Dividend Yield: 1.39%
• Average Volume (3M): 442.98K
• Price to Earnings (P/E): 14.1
• Beta (1Y): 1.33
• Revenue Growth: 46.18%
• EPS Growth: 28.74%
• Country: IN
• Employees: 649
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Agricultural Inputs
• EPS (TTM): 3.28
• Shares Outstanding: 203,640,340
• 10 Day Avg. Volume: 320,069
• 30 Day Avg. Volume: 442,983
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹134.00
• Price Target Upside: 13.13% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: ₹134.00 ▲(13.13% Upside)

The stock's overall score is driven by strong technical momentum and reasonable valuation, despite financial performance concerns related to cash flow and debt levels. The absence of earnings call insights and corporate events limits further analysis.

Southern Petrochemical Industries Corporation Limited Business Overview & Revenue Model

Company Description

Southern Petrochemical Industries Corporation Limited (SPIC) is an Indian company headquartered in Chennai, primarily engaged in the production and marketing of fertilizers and agro-products. Founded in 1969, SPIC is a prominent player in the agriculture sector, with a core focus on manufacturing urea and other nitrogenous fertilizers that are crucial for enhancing crop yield and productivity. The company's operations are supported by a robust distribution network that ensures its products reach farmers across various regions in India.

How the Company Makes Money

SPIC generates revenue through the manufacturing and sale of fertilizers, with urea being its flagship product. The company operates a large-scale production facility in Tuticorin, Tamil Nadu, which enables it to produce significant volumes of fertilizers to meet the demands of the domestic agricultural market. Revenue is primarily derived from sales to farmers and agricultural cooperatives, facilitated by an extensive distribution network that spans multiple states in India. Additionally, SPIC's earnings are bolstered by its strategic partnerships and collaborations with government bodies and agricultural organizations, which help in securing subsidies and ensuring market stability for its products. The company also explores opportunities in international markets, further contributing to its revenue streams.

Southern Petrochemical Industries Corporation Limited Financial Statement Overview

Summary

Southern Petrochemical Industries Corporation Limited demonstrates strong revenue growth and improved profitability, signaling a positive trajectory. However, the volatility in gross profit and the rising debt levels highlight areas of concern. The cash flow situation, with negative free cash flow, necessitates attention to ensure sustainable financial health.

Income Statement

The company has shown robust revenue growth over the years, with a notable increase from 2024 to 2025. Gross and net profit margins have improved significantly from negative values in earlier years to positive margins, indicating enhanced profitability. The EBIT and EBITDA margins are also healthy, showcasing efficient operational management. However, the large fluctuations in gross profit over the years pose a potential risk, reflecting volatility in cost management or revenue recognition.

Balance Sheet

The balance sheet highlights a stable financial structure with a consistent increase in stockholders' equity, reflecting a solid equity base. The debt-to-equity ratio has increased slightly, indicating a moderate reliance on debt financing but still within a manageable range. The equity ratio shows a steady proportion of assets financed by equity, suggesting a balanced approach to financing. Nevertheless, the increase in total debt warrants caution, given the potential impact on financial stability if leverage continues to rise.

Cash Flow

Cash flow analysis indicates variability in free cash flow with negative values in recent years, highlighting challenges in cash generation. The operating cash flow to net income ratio has deteriorated, suggesting issues in converting profits to cash. Despite these challenges, the company has maintained a positive financing cash flow, which has supported operations. The negative free cash flow to net income ratio is a concern and suggests potential liquidity constraints if not addressed.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	30.76B	30.72B	19.44B	5.23B	3.69B	3.17B
Gross Profit	7.25B	7.67B	4.51B	-15.38B	-8.30B	-5.10B
EBITDA	3.17B	3.28B	2.49B	3.96B	1.90B	1.28B
Net Income	1.56B	1.56B	1.13B	3.01B	1.63B	740.75M
Balance Sheet
Total Assets	22.85B	22.85B	17.63B	22.02B	16.92B	17.12B
Cash, Cash Equivalents and Short-Term Investments	807.50M	807.50M	2.05B	419.00M	330.12M	1.06B
Total Debt	7.22B	7.22B	4.71B	4.01B	3.05B	1.04B
Total Liabilities	10.86B	10.86B	6.87B	12.16B	9.98B	11.96B
Stockholders Equity	11.99B	11.99B	10.76B	9.86B	6.94B	5.16B
Cash Flow
Free Cash Flow	0.00	-2.91B	1.54B	-601.09M	-2.67B	1.78B
Operating Cash Flow	0.00	-379.50M	2.27B	-306.62M	-1.06B	3.61B
Investing Cash Flow	0.00	-1.45B	-1.75B	-163.37M	-1.49B	-1.59B
Financing Cash Flow	0.00	1.63B	4.30M	583.91M	1.89B	-1.88B

Southern Petrochemical Industries Corporation Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 118.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPIC, the sentiment is Positive. The current price of 118.45 is above the 20-day moving average (MA) of 101.09, above the 50-day MA of 94.32, and above the 200-day MA of 83.12, indicating a bullish trend. The MACD of 6.59 indicates Negative momentum. The RSI at 69.65 is Neutral, neither overbought nor oversold. The STOCH value of 72.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SPIC.

Southern Petrochemical Industries Corporation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KHAICHEM	69 Neutral	₹11.76B	30.73		0.41%	64.35%	―
SPIC	68 Neutral	₹22.61B	14.14		1.39%	46.18%	28.74%
JAYAGROGN	67 Neutral	₹11.58B	13.16		1.04%	7.47%	-3.69%
Sector *	61 Neutral	$10.27B	6.37	0.76%	2.91%	3.10%	-36.03%
MANAKSIA	61 Neutral	₹4.67B	8.50		10.28%	40.00%	-23.59%
MADRASFERT	52 Neutral	₹14.38B	22.37		―	13.28%	-15.77%
TUTICORALK	―	₹8.98B	26.36		―	―	―