SPICCommodities

Southern Petrochemicals Industries Corporation Limited

Fertilizers · ISIN INE147A01011 · BSE 590030 · NSE EQ · FV ₹10
Last price
₹67
+0.13%today
What this company does

Southern Petrochemicals Industries Corporation Limited operates in Fertilizers, part of the Commodities sector. It booked ₹849 cr of revenue in its latest quarter (Q1 FY27) and kept 7.1% of sales as profit. It is the 8th largest of 9 Fertilizers companies we track, by market value.

In the report:
62out of 100
Equitytale Health Score
Mixed

Healthier than 62% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 43–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
40

At close. Not part of the score.

Profitability & returns58

How much profit it earns on the money it employs

Balance sheet33

How much it owes, and whether earnings cover the interest

Cash quality52

Whether reported profit actually arrives as cash

Growth & consistency61

Whether sales and profit have grown, and how steadily

Valuation90

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 9% vs last year
Promoters hold 53%
No promoter shares pledged
Strong 18% return on equity
Turns profit into real cash
Watch-outs
! Thin 7.1% net margin
! Profit down 10% vs last year

What if I invest in SPIC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹67 +0.13%
latest close · 2026-09-17
1-year return
+29.9%
52-wk low ₹4152-wk high ₹93
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio5.7Low
LowAverageHigh
P/B ratio0.99Below book
Below bookModerateHigh
EV / EBITDA8.2Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity17.6%Strong
WeakFairStrong ▸15%
Return on capital12.8%Fair
WeakFairStrong
Net margin7.1%Decent
ThinDecentStrong
EBITDA margin7.1%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.51Moderate
LowModerateHigh ▸1
Interest cover6.4×Strong
RiskyOkayStrong ▸5×
Current ratio0.93Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹1,363 cr
Book value
₹67
EPS
₹2.96
latest quarter
Net debt
₹604 cr
owes more than its cash
Enterprise value
₹1,967 cr
EBITDA
₹241 cr
annualised
EBIT
₹202 cr
annualised
Operating margin
6.0%
Return on assets
9.6%
Earnings yield
17.69%
P/S
0.40
Sales / share
₹166.7
Tax rate
5.7%
Face value
₹10
Shares
20.4 cr
Working capital
₹-61 cr
Current assets
₹857 cr
Current liabilities
₹917 cr
Delivery %
50.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Priced about rightMedium confidence
Median of 2 models ₹68 vs market price ₹67 — price is 1% below it
Safety cushion+1.4%(target ≥ +20%)
Models span ₹60₹75, midpoint ₹68
Model ₹68
Price ₹67
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹849 cr
Other Income₹1 cr
Total Income₹850 cr
Cost of Materials₹710 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-54 cr
Employee Benefit Expense₹23 cr
Finance Costs₹8 cr
Depreciation & Amortisation₹10 cr
Other Expenses₹112 cr
Total Expenses₹808 cr
Profit before Tax₹43 cr
Tax Expense₹2 cr
Share of JV / Associates₹20 cr
Net Profit₹60 cr
Net margin on total income7.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹656 cr75.3%
Employee benefit expense₹23 cr2.6%
Finance costs₹8 cr0.9%
Depreciation & amortisation₹10 cr1.1%
Other expenses₹112 cr12.8%
Tax expense₹2 cr0.3%
Profit for the period₹60 cr6.9%
Total income ₹850 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue774 cr584 cr849 cr
Total income778 cr596 cr850 cr
Expenses704 cr554 cr808 cr
Profit before tax74 cr42 cr43 cr
Tax28 cr16 cr2 cr
Net profit (owners' share)54 cr29 cr60 cr
Net margin (owners' share, on revenue)7.0%5.0%7.1%
EPS (₹)2.661.452.96
YoY (latest quarter): total income +6.5% · net profit -9.8%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹2,498 cr
Shareholder equity
₹1,370 cr
parent shareholders
Total debt
₹698 cr
Cash
₹94 cr
Cash flow · H1 FY26
Operating
₹811 cr
Investing
₹-389 cr
Financing
₹-348 cr
Peer comparison
Fertilizers · by market value
CompanyPriceMarket capP/E
Coromandel International Limited₹1,930₹56,929 cr37.3
Fertilizers and Chemicals Travancore Limited₹760₹49,164 cr
Chambal Fertilizers & Chemicals Limited₹414₹16,583 cr7.9
Paradeep Phosphates Limited₹154₹15,968 cr10.2
Gujarat State Fertilizers & Chemicals Limited₹152₹6,068 cr9.6
Rashtriya Chemicals and Fertilizers Limited₹110₹6,060 cr20.6
National Fertilizers Limited₹67₹3,279 cr7.2
Southern Petrochemicals Industries Corporation Limitedthis company₹67₹1,363 cr5.7
Madras Fertilizers Limited₹61₹985 cr7.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹2
ex 16 Sep 2025
ActionDetailEx-date
Dividend₹2 / share16 Sep 2025
Dividend₹1.5 / share12 Sep 2024
Dividend₹1.5 / share20 Sep 2023
Who owns it · 2026-06-30
No pledge
Promoter
53.4%
FII / Foreign
4.8%
DII / Domestic
0.1%
Retail / others
41.7%
Smart-money activity
Insider trades
BoughtSICAGEN INDIA LIMITED · Promoter Group16.37 L · ₹18.2 cr26 Aug 25
SoldSouth India House Estates and Properties Limited · Promoter Group16.37 L · ₹18.2 cr26 Aug 25
BoughtSicagen India Limited · Promoter Group16.37 L · ₹18.2 cr26 Aug 25
Bulk / block deals
SoldHRTI PRIVATE LIMITED · NSE10.33 L @ ₹112.2620 Aug 25
BoughtHRTI PRIVATE LIMITED · NSE9.63 L @ ₹112.5520 Aug 25
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE10.28 L @ ₹112.4620 Aug 25
Stake changes
BoughtSICAGEN INDIA LIMITED · promoter→ 3.44% · 16.37 L26 Aug 25
SoldSouth India House Estates And Properties Ltd · promoter→ 0.00% · 16.37 L26 Aug 25
SoldSouth India House Estates And Properties Ltd. · promoter→ 0.00% · 16.37 L26 Aug 25
Promoter pledges
ReleasedAsset Construction Company (India ) Ltd3.10 L · 0.15% held17 Feb 17
ReleasedAsset Reconstruction Company (India) Ltd3.85 L · 0.19% held17 Feb 17
InvokedInfrastructure leasing & Financial Services Ltd38.24 L · 2.07% held12 Nov 16
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 31 Jan 2026
See the official result
1
Appointment of Tmt. Sweta Suman, IAS, (DIN: 11292451) as Nominee Director of the Company representing M/s Tamilnadu Industrial Development Corporation Limited.
Backed by 69% of shareholders other than promotersneeded 50%
18.53 L votes for, 8.45 L against · 86% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 12 named members
owning 53.4% between them · as of 2026-06-30
AMI HOLDINGS PRIVATE LIMITED19.95%
LOTUS FERTILIZERS PRIVATE LIMITED14.98%
FICON HOLDINGS LTD8.39%
TAMILNADU INDUSTRIAL DEVELOPMENT CORPORATION LTD4.73%
SICAGEN INDIA LIMITED3.43%
RANFORD INVESTMENTS LTD1.02%
DARNOLLY INVESTMENTS LTD0.71%
SOUTH INDIA TRAVELS PVT LTD0.12%
Business done with them
FY2025 · 4 of the group
The company paid ₹6 cr to companies in the promoter group last year — about 0.2% of its ₹3,086 cr revenue and received ₹2 cr back from them.
Sicagen India Limited
Bought goods from them · Receivable, Payable, Purchase of Materials and spares,
also owns 3.43% of the company
₹5 cr
company paid
Lotus Fertilizers Private Limited
Sold goods to them · Sale of goods, Payable, Lotus Fertilizers Private Limited
also owns 14.98% of the company
₹2 cr
company received
Sicagen India Limited
Other payments to them · Receivable, Payable, Purchase of Materials and spares,
also owns 3.43% of the company
₹44 L
company paid
SOUTH INDIA HOUSE ESTATES AND PROPERTIES LIMITED
Other payments to them · Payable, guest house expences
₹9 L
company paid
South India Travels Private Limited
Other payments to them · Car Rentals, Guest House Expenses
also owns 0.12% of the company
₹6 L
company paid
Sicagen India Limited
Provided services to them · Receivable, Payable, Purchase of Materials and spares,
also owns 3.43% of the company
₹3 L
company received
Sicagen India Limited
Other income from them · Receivable, Payable, Purchase of Materials and spares,
also owns 3.43% of the company
₹3 L
company received
Lotus Fertilizers Private Limited
Other payments to them · Sale of goods, Payable, Lotus Fertilizers Private Limited
also owns 14.98% of the company
₹1 L
company paid

The company also transacted with 6 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.