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Southern Petrochemical Industries Corporation Limited
(SPIC)
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Rating:65Neutral
Price Target:
₹61.00
▼(-31.56% Downside)
Action:Reiterated
Date:08/25/26
The score is driven primarily by acceptable but uneven financial performance—improving profitability and manageable leverage are offset by materially volatile cash generation and a sharp free-cash-flow drop. Valuation is a clear positive (low P/E and supportive dividend yield), while technicals are neutral-to-slightly positive with the stock above short/mid-term averages but still below the 200-day trend.
Positive Factors
Improved profitability
Net income rose to 2.11B even as revenue fell 6.33%, indicating the company remained profitable through weaker top-line conditions. This improved earnings base can strengthen internal funding capacity, although the broader earnings record remains uneven.
Negative Factors
Revenue contraction
The revenue decline signals weaker demand or sales performance across the company’s chemical and agricultural-input activities. Sustained top-line contraction can limit operating leverage, reduce resources available for investment, and make future earnings growth more dependent on cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability
Net income rose to 2.11B even as revenue fell 6.33%, indicating the company remained profitable through weaker top-line conditions. This improved earnings base can strengthen internal funding capacity, although the broader earnings record remains uneven.
Read all positive factors
Southern Petrochemical Industries Corporation Limited (SPIC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.56B
Dividend Yield3.52%
Average Volume (3M)21.71K
Price to Earnings (P/E)5.7
Beta (1Y)1.43
Revenue Growth-2.84%
EPS Growth28.22%
CountryIN
Employees647
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)10.08
Shares Outstanding203,640,340
10 Day Avg. Volume21,321
30 Day Avg. Volume21,709
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)0.82
Price to Sales (P/S)0.38
P/FCF Ratio12.75
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 (SPIC) is a prominent manufacturer and distributor of fertilizers, serving both the Indian and international markets. The company's operations are divided into two primary segments: Agro inputs...
Southern Petrochemical Industries Corporation Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.21B | 29.56B | 30.72B | 19.44B | 5.23B | 3.79B |
| Gross Profit | 5.62B | 5.90B | 7.67B | 4.51B | -17.44B | -11.74B |
| EBITDA | 3.06B | 3.93B | 3.28B | 2.19B | 3.96B | 1.90B |
| Net Income | 2.05B | 2.11B | 1.56B | 1.13B | 3.01B | 1.63B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 24.98B | 22.85B | 17.63B | 22.02B | 16.92B |
| Cash, Cash Equivalents and Short-Term Investments | 1.25B | 1.24B | 807.50M | 2.05B | 419.00M | 330.12M |
| Total Debt | 0.00 | 7.03B | 7.22B | 4.71B | 4.01B | 3.05B |
| Total Liabilities | -13.70B | 11.28B | 10.86B | 6.87B | 12.16B | 9.98B |
| Stockholders Equity | 13.70B | 13.70B | 11.99B | 10.76B | 9.86B | 6.94B |
Cash Flow | ||||||
| Free Cash Flow | 5.87B | 884.60M | -2.91B | 1.54B | -601.09M | -2.67B |
| Operating Cash Flow | 8.11B | 4.08B | -379.50M | 2.27B | -306.62M | -1.06B |
| Investing Cash Flow | -3.89B | -2.75B | -1.45B | -1.75B | -163.37M | -1.56B |
| Financing Cash Flow | -3.48B | -879.10M | 1.63B | 4.30M | 583.91M | 1.89B |
Southern Petrochemical Industries Corporation Limited Technical Analysis
Negative
89.13
Price Trends
64.21
Negative
65.09
Negative
66.30
Negative
Market Momentum
-2.43
Positive
32.36
Neutral
22.69
Neutral
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 60.30, above the 50-day MA of 64.21, and above the 200-day MA of 66.30, indicating a bearish trend. The MACD of -2.43 indicates Positive momentum. The RSI at 32.36 is Neutral, neither overbought nor oversold. The STOCH value of 22.69 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹143.85B | 7.46 | ― | 3.06% | 15.58% | 10.17% | |
66 Neutral | ₹54.17B | 7.83 | ― | 3.68% | 29.18% | 7.85% | |
65 Neutral | ₹11.56B | 5.65 | ― | 3.52% | -2.84% | 28.22% | |
63 Neutral | ₹512.77B | 27.95 | ― | 0.63% | 23.50% | -18.96% | |
62 Neutral | ₹144.30B | 12.39 | ― | 1.08% | 54.29% | 14.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹53.29B | 11.93 | ― | 2.42% | 17.52% | 56.09% |
* General Sector Average
IN:SPIC
Southern Petrochemical Industries Corporation Limited
56.78
-32.57
-36.45%
IN:CHAMBLFERT
Chambal Fertilisers & Chemicals Ltd.
359.10
-116.16
-24.44%
IN:COROMANDEL
Coromandel International Limited
1,737.85
-491.49
-22.05%
IN:GSFC
Gujarat State Fertilizers & Chemicals Limited
135.95
-51.18
-27.35%
IN:PARADEEP
Paradeep Phosphates Ltd.
138.95
-28.55
-17.04%
IN:RCF
Rashtriya Chemicals & Fertilizers Ltd.
96.60
-50.89
-34.50%
Southern Petrochemical Industries Corporation Limited Corporate Events
SPIC Confirms SEBI Dematerialisation Compliance for September Quarter
Oct 13, 2026
Southern Petrochemical Industries Corporation Limited has submitted a compliance certificate to the National Stock Exchange of India for the quarter ended 30 September 2026, as required under Regulation 74(5) of the SEBI (Depositories and Particip...
Southern Petrochemical Files Scrutinizer’s Report and E-Voting Results for 55th AGM
Sep 30, 2026
Southern Petrochemical Industries Corporation Limited, a Chennai-based player in the petrochemicals and fertilizers segment, serves industrial and agricultural stakeholders with chemical inputs and related products. Its operations are closely alig...
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.