Southern Petrochemical Industries Corporation Limited (SPIC) AI Stock Analysis

• Market Cap: ₹18.73B
• Dividend Yield: 2.17%
• Average Volume (3M): 355.32K
• Price to Earnings (P/E): 12.1
• Beta (1Y): 1.29
• Revenue Growth: 46.18%
• EPS Growth: 28.68%
• Country: IN
• Employees: 649
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Agricultural Inputs
• EPS (TTM): 3.28
• Shares Outstanding: 203,640,340
• 10 Day Avg. Volume: 119,192
• 30 Day Avg. Volume: 355,317
• 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: ₹96.00
• Price Target Upside: 4.35% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 58 Neutral
• Price Target: ₹96.00 ▲(4.35% Upside)

The overall stock score of 58 reflects a mixed outlook. The company's strong financial performance, characterized by revenue growth and improved profitability, is offset by concerns over cash flow volatility and rising debt levels. Technical analysis indicates bearish momentum, suggesting potential short-term weakness. However, the stock's attractive valuation, with a low P/E ratio and a decent dividend yield, provides a counterbalance, making it potentially appealing for value-oriented investors.

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, such as urea, di-ammonium phosphate, ammonium phosphate sulphate, super phosphate, and ammonium chloride; secondary nutrients, water soluble fertilizers, organic and organic liquid fertilizers, micro nutrients, and bio pesticides and fertilizers; and industrial products, including gypsum, aluminum fluoride, and silica. The company also engages in the tissue culture businesses. In addition, it offers agricultural services, including soil management, training center, journal, agri clinic, and SMS services for farmers. Southern Petrochemical Industries Corporation Limited was incorporated in 1969 and is headquartered in Chennai, 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: Negative
• Last Price: 92.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 92 is below the 20-day moving average (MA) of 105.66, below the 50-day MA of 98.74, and above the 200-day MA of 84.14, indicating a neutral trend. The MACD of -1.68 indicates Positive momentum. The RSI at 35.04 is Neutral, neither overbought nor oversold. The STOCH value of 5.47 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JAYAGROGN	70 Neutral	11.39B	13.15	9.52%	1.06%	7.47%	-3.69%
KHAICHEM	69 Neutral	11.50B	29.09	0.63%	―	64.35%	―
MANAKSIA	61 Neutral	4.44B	8.24	9.78%	―	40.00%	-23.59%
SPIC	58 Neutral	₹18.73B	12.13	―	2.17%	46.18%	28.68%
MADRASFERT	52 Neutral	13.77B	20.30	-198.92%	―	13.28%	-15.68%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%