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Swing Capital

Southern Petrochemicals Industries Corporation Ltd

NSE: SPIC BSE: 590030Chemicals

Southern Petrochemicals Industries Corporation Ltd is engaged in manufacturing and selling Urea and Nitrogenous chemical fertilizer. [1]

₹68
52W: ₹55 — ₹128
PE 7.94 · Book ₹55.6 · +22% vs book
Market Cap₹1,385 Cr
Stock P/E7.94Price to Earnings
ROCE16.1%Return on Capital
ROE13.1%Return on Equity
Div. Yield2.93%Face Value ₹10

Strengths

  • +Stock is trading at 1.15 times its book value
  • +Stock is providing a good dividend yield of 3.05%.
  • +Company is expected to give good quarter
  • +Company has been maintaining a healthy dividend payout of 25.5%

Shareholding Pattern

Promoters53.38%
FIIs5.08%
DIIs0.14%
Public41.4%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters53.38%53.38%53.38%53.38%53.38%53.38%53.38%53.38%
FIIs0.34%0.65%▲0.30.84%▲0.24.87%▲4.06.53%▲1.76.09%▼0.44.92%▼1.25.08%▲0.2
DIIs1.69%1.17%▼0.51.17%0.3%▼0.90.29%▼0.00.14%▼0.10.17%▲0.00.14%▼0.0
Public44.59%44.8%▲0.244.61%▼0.241.45%▼3.239.8%▼1.740.39%▲0.641.52%▲1.141.4%▼0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales744506125754760818754781817774
Expenses65945098656693739718687740689
Operating Profit85562798677937937784
OPM %11%11%22%13%9%10%5%12%9%11%
Net Profit4528-2951313513585349
EPS ₹2.211.38-1.432.521.521.740.642.862.612.39

AI Insights

Revenue Trend

TTM revenue at ₹3,126Cr, up 1.3% YoY. OPM at 9%.

Debt Position

Borrowings at ₹449Cr. Debt-to-equity ratio: 0.48x. Healthy balance sheet.

Capex Cycle

CWIP at ₹228Cr (38% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 0.14% (-2.23pp change). FIIs: 5.08% (+4.87pp change). Promoters hold 53.38%.

Margin & Efficiency

ROCE improving from -4% (Mar 2014) to 16% (Mar 2025). Working capital days: -9.

Valuation

PE 7.94x with 16.1% ROCE. Price is 22% above book value of ₹55.6. Dividend yield: 2.93%.

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