---
title: "Southern Petrochemicals Industries Corporation Ltd (SPIC) — Share Price, Financials & Analysis"
symbol: "SPIC"
company: "Southern Petrochemicals Industries Corporation Ltd"
canonical: "https://tapetide.com/stocks/SPIC"
isin: "INE147A01011"
nse_symbol: "SPIC"
bse_code: "590030"
sector: "Commodities"
industry: "Fertilizers & Agrochemicals"
market_cap_cr: 1394.12
generated_at: "2026-09-13T18:45:12.136Z"
---

# Southern Petrochemicals Industries Corporation Ltd (SPIC)

Canonical page: https://tapetide.com/stocks/SPIC

## Company

- **NSE Symbol:** SPIC
- **BSE Code:** 590030
- **ISIN:** INE147A01011
- **Sector:** Commodities
- **Industry:** Fertilizers & Agrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 1996-01-10
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** spic.in

## About

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

## Latest Price

- **Price:** ₹69
- **Change:** -0.3 (-0.43%)
- **Open:** ₹68.5
- **Day High:** ₹69.3
- **Day Low:** ₹68.16
- **Previous Close:** ₹69.3
- **Volume:** 246359
- **As Of:** 2026-09-11T10:25:52+00:00

## Key Fundamentals

Observed at 2026-09-11T04:41:46.165277Z.

- **Market Cap:** ₹1394.12 Cr
- **Classification:** Microcap
- **P/E (reported):** 6.9
- **P/E (TTM):** 6.85
- **EPS (TTM):** ₹10.08
- **EPS (reported):** ₹8.47
- **Book Value:** ₹67.28
- **Price to Book:** 1.03
- **Dividend Yield:** 2.89%
- **ROE:** 15.44%
- **ROCE:** 22.11%
- **Debt to Equity:** 0.51
- **Revenue (yearly):** ₹3015.1 Cr
- **Net Income:** ₹211.5 Cr
- **EBITDA:** ₹358.6 Cr
- **52-Week High:** ₹114.99
- **52-Week Low:** ₹55.1
- **RSI (14):** 51.22

## Tapetide Score

- **Score:** 61 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Flat
- **Percentile:** 90.4 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 41.68 | 9% |
| growth | 21.16 | 9% |
| momentum | 50.95 | 12% |
| ownership | 69.08 | 24% |
| quality | 63.46 | 22% |
| valuation | 83.65 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 1.03 times its book value
- Company has been maintaining a healthy dividend payout of 24.2%

### Weaknesses

- Company might be capitalizing the interest cost

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | 73.82% | 449.09% |
| ebitda margin growth | 37.1% | 24.87% | -12.82% | 17.13% |
| net income growth | 104.07% | 35.93% | -14% | 21% |
| revenue growth | 45.65% | -2.75% | 1% | 14% |
| roce | 38.22% | 5.29% | 21.28% | 23.45% |
| roe | 104.07% | 18.95% | 12.98% | -34.41% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 744 | 506 | 125 | 754 | 760 | 818 | 754 | 781 | 817 | 774 | 584 | 849 |
| Expenses | 659 | 450 | 98 | 656 | 693 | 739 | 718 | 687 | 740 | 689 | 539 | 790 |
| Operating Profit | 85 | 56 | 27 | 98 | 67 | 79 | 37 | 93 | 77 | 84 | 45 | 59 |
| OPM % | 11 | 11 | 22 | 13 | 9 | 10 | 4.9 | 12 | 9 | 11 | 8 | 7 |
| Other Income | 12 | 14 | -36 | 14 | 6 | 12 | 14 | 29 | 37 | 12 | 16 | 21 |
| Interest | 8 | 8 | 21 | 12 | 11 | 21 | 12 | 12 | 7 | 5 | 5 | 8 |
| Depreciation | 10 | 9 | 9 | 9 | 10 | 9 | 9 | 10 | 14 | 10 | 10 | 10 |
| Profit before tax | 80 | 52 | -40 | 91 | 53 | 61 | 30 | 101 | 92 | 82 | 46 | 63 |
| Tax % | 34 | 36 | -39 | 31 | 33 | 37 | 35 | 34 | 34 | 34 | 36 | 4 |
| Net Profit | 53 | 33 | -24 | 63 | 35 | 38 | 19 | 67 | 61 | 54 | 29 | 60 |
| EPS in Rs | 2.58 | 1.63 | -1.19 | 3.07 | 1.73 | 1.89 | 0.96 | 3.28 | 3.01 | 2.66 | 1.45 | 2.96 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1994 | 2592 | 2079 | 1527 | 1875 | 2829 | 1944 | 3086 | 2956 | 3024 |
| Expenses | 1883 | 2492 | 1966 | 1456 | 1699 | 2474 | 1690 | 2802 | 2656 | 2759 |
| Operating Profit | 111 | 100 | 113 | 71 | 176 | 354 | 254 | 284 | 300 | 265 |
| OPM % | 6 | 3.8 | 5 | 4.6 | 9 | 13 | 13 | 9 | 10 | 9 |
| Other Income | 20 | 34 | 24 | 58 | 56 | 41 | -8 | 44 | 93 | 86 |
| Interest | 41 | 36 | 34 | 14 | 14 | 31 | 38 | 55 | 28 | 24 |
| Depreciation | 40 | 32 | 32 | 38 | 44 | 44 | 38 | 38 | 44 | 44 |
| Profit before tax | 50 | 66 | 70 | 77 | 174 | 321 | 170 | 235 | 321 | 283 |
| Tax % | 9 | 4 | 4 | 4 | 6 | 6 | 34 | 34 | 34 | — |
| Net Profit | 45 | 63 | 67 | 74 | 163 | 301 | 113 | 156 | 211 | 205 |
| EPS in Rs | 2.23 | 3.09 | 3.31 | 3.64 | 8.02 | 14.77 | 5.55 | 7.64 | 10.38 | 10.08 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 6 | 10 | 27 | 26 | 19 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 204 | 204 | 204 | 204 | 204 | 204 | 204 | 204 | 204 | 204 |
| Reserves | 96 | 141 | 167 | 231 | 312 | 490 | 782 | 872 | 995 | 1166 |
| Borrowings | 536 | 263 | 400 | 408 | 104 | 305 | 401 | 471 | 722 | 703 |
| Other Liabilities | 415 | 867 | 1264 | 1251 | 1100 | 693 | 816 | 218 | 366 | 427 |
| Total Liabilities | 1250 | 1475 | 2035 | 2093 | 1720 | 1692 | 2202 | 1764 | 2287 | 2500 |
| Fixed Assets | 263 | 247 | 233 | 353 | 525 | 682 | 657 | 652 | 620 | 616 |
| CWIP | 23 | 35 | 69 | 26 | 18 | 2 | 1 | 34 | 108 | 448 |
| Investments | 66 | 74 | 88 | 98 | 114 | 174 | 192 | 225 | 252 | 288 |
| Other Assets | 898 | 1119 | 1645 | 1616 | 1062 | 834 | 1352 | 853 | 1307 | 1149 |
| Total Assets | 1250 | 1475 | 2035 | 2093 | 1720 | 1692 | 2202 | 1764 | 2287 | 2500 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -348 | 330 | 67 | 136 | 361 | -113 | -11 | 227 | -38 | 395 |
| Cash from Investing Activity | -20 | -40 | -101 | -151 | -159 | -149 | -34 | -175 | -145 | -262 |
| Cash from Financing Activity | 360 | -290 | 102 | 6 | -188 | 189 | 57 | 0 | 163 | -89 |
| Net Cash Flow | -8 | 0 | 69 | -8 | 14 | -73 | 11 | 53 | -20 | 45 |
| Free Cash Flow | -367 | 288 | 1 | -15 | 178 | -267 | -41 | 154 | -291 | 76 |
| CFO/OP | -635 | 298 | 63 | 124 | 508 | -64 | 9 | 112 | -5 | 146 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 22 | 9 | 2 | 2 | 2 | 0 | 1 | 3 | 1 | 2 |
| Inventory Days | 106 | 65 | 43 | 42 | 160 | 138 | 40 | 27 | 13 | 16 |
| Days Payable | 171 | 254 | 276 | 364 | 425 | 150 | 108 | 17 | 37 | 44 |
| Cash Conversion Cycle | -43 | -180 | -231 | -321 | -263 | -12 | -67 | 13 | -23 | -26 |
| Working Capital Days | -50 | 3 | -13 | -48 | -91 | -57 | 0 | -47 | -9 | -23 |
| ROCE % | 7 | 12 | 15 | 13 | 13 | 23 | 30 | 18 | 17 | 17 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 53.38% | 53.38% | 53.38% | 53.38% | 53.38% | 53.38% | 53.38% | 53.38% | 53.38% | 53.38% | 53.38% | 53.38% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 4.87% | 6.53% | 6.09% | 4.92% | 5.08% | 4.8% |
| DIIs | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.28% | 0.13% | 0.17% | 0.13% | 0.14% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 32.2% | 32.82% | 34.73% | 34.89% | 34.88% | 34.81% | 32.13% | 31.5% | 32.48% | 33.6% | 33.23% | 33.27% |
| Others | 14.12% | 13.51% | 11.59% | 11.43% | 11.44% | 11.51% | 9.32% | 8.31% | 7.91% | 7.92% | 8.17% | 8.42% |
| No. of Shareholders | 103320 | 105899 | 124430 | 125029 | 124489 | 127139 | 121754 | 116124 | 111845 | 112789 | 113298 | 113768 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 4 / 6 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 69.86 | Sell |
| EMA (10) | 69.77 | Sell |
| SMA (20) | 69.27 | Sell |
| EMA (20) | 69.34 | Sell |
| SMA (50) | 67.93 | Buy |
| EMA (50) | 68.68 | Buy |
| SMA (100) | 68.78 | Buy |
| EMA (100) | 69.12 | Sell |
| SMA (200) | 70.83 | Sell |
| EMA (200) | 71.88 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.51 | Neutral |
| MACD (12,26,9) | 0.59 | Sell |
| Stochastic (14,3,3) | 36.06 | Neutral |
| ADX (14) | 21.02 | Neutral |
| Williams %R (14) | -71.91 | Neutral |
| ATR (14) | 1.75 | Neutral |
| ROC (12) | -1.82 | Sell |
| Stoch RSI (14) | 9.95 | Buy |
| UO (7,14,28) | 37.92 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-17 | [Fixes Book Closure for AGM (Cut-off date for e-voting)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=24158751-632F-41D2-A386-5683D20F1E1F-181838.pdf) |
| 2026-08-17 | [Fixes Record Date for Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=CBADA45F-456B-4A7C-A6DF-19022E1AC6E8-182655.pdf) |
| 2026-08-17 | [Fixes Record Date for Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=CBADA45F-456B-4A7C-A6DF-19022E1AC6E8-182227.pdf) |
| 2026-05-25 | [Board recommends Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0F15A84F-48D7-4394-99E5-31C596229E2F-175441.pdf) |
| 2026-05-25 | [Outcome of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=39928596-70B9-482D-8598-111274D9C251-175705.pdf) |
| 2025-09-05 | [Revised Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5DA517D9_A932_45BA_B217_399BCBBDBB7A_102507.pdf) |
| 2025-09-05 | [Revised Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=DB1E8EEE_6B29_4E82_8CA9_F96A172C5D84_102626.pdf) |
| 2025-09-01 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2C67A570_9467_4763_A428_492134EE323C_181524.pdf) |
| 2025-09-01 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0A58E128_6173_43BF_8EC2_E68B34F48C04_181850.pdf) |
| 2025-08-18 | [Outcome of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=82B4FCEA-699D-40B1-BC80-F62FD4D84D28-155105.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-17 | [Standalone & Consolidated Financial Results Limited Review Report for June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=F7998016-A9F6-4EFB-A507-FF8AC29C685A-181447.pdf) |
| 2026-05-25 | [Standalone & Consolidated Financial Results Auditors Report for March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6F492B1B-74DB-4E2E-958D-C65430048B5C-175046.pdf) |
| 2025-11-14 | [Standalone & Consolidated Financial Results Limited Review Report for September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9F798932-46FD-4A49-A01B-F20B5845929B-193754.pdf) |
| 2025-08-18 | [Standalone & Consolidated Financial Results Limited Review Report for June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=FA313D15-0FD8-4AFA-9762-D92F988619B4-155613.pdf) |
| 2025-05-13 | [Standalone & Consolidated Financial Results Auditors Report for March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0454D4B8-1B17-4A6D-A084-C8CF576E9DF6-150108.pdf) |
| 2025-02-10 | [Standalone & Consolidated Financial Results Limited Review Report for December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7760F6AC-FFF2-4AEC-9AA1-AFE8E797243C-173437.pdf) |
| 2024-11-14 | [Standalone & Consolidated Financial Results, Limited Review Report for September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=CE97C510-132F-475E-97E2-4E01A8B90FA9-182143.pdf) |
| 2024-08-09 | [Standalone & Consolidated Financial Results, Limited Review Report for June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6CB0F5E0-A189-432E-BCB6-C43D3C83D651-163429.pdf) |
| 2024-05-22 | [Standalone & Consolidated Financial Results, Auditors Report for March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5E538A94-6898-45BE-AD15-0AD3BEECC25E-144235.pdf) |
| 2023-11-15 | [Standalone & Consolidated Financial Results, Limited Review Report for September 30, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4434F6D5-BF78-4327-B1BD-C562FEE6A09C-091454.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 14 Nov 2025 - Q2/H1 FY26 unaudited results: H1 net profit Rs111.37Cr standalone; Rs127.92Cr consolidated; Sweta Suman appointed. | [Standalone & Consolidated Financial Results, Limited Review Report for September 30, 2025 14 Nov 2025 - Q2/H1 FY26 unaudited results: H1 net profit Rs111.37Cr standalone; Rs127.92Cr consolidated; Sweta Suman appointed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9F798932-46FD-4A49-A01B-F20B5845929B-193754.pdf) |
| — | [Revised Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 5 Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5DA517D9_A932_45BA_B217_399BCBBDBB7A_102507.pdf) |
| — | [Revised Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 5 Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/DB1E8EEE_6B29_4E82_8CA9_F96A172C5D84_102626.pdf) |
| — | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1 Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2C67A570_9467_4763_A428_492134EE323C_181524.pdf) |
| — | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1 Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0A58E128_6173_43BF_8EC2_E68B34F48C04_181850.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1280_SPIC_2012_2013_29082013145253.zip) |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_SPIC_2011_2012_17092012084639.zip) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/bseplus/AnnualReport/590030/94816590030.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/590030/75182590030.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/590030/71643590030.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2018/SOUTHERN_PETROCHEMICALS_LTD-590030-MARCH-2018.PDF) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2017/SOUTHERN_PETROCHEMICALS_LTD-590030-MARCH-2017.PDF) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2016/SOUTHERN_PETROCHEMICALS_LTD-590030-MARCH-2016.PDF) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2015/SOUTHERN_PETROCHEMICALS_LTD-590030-MARCH-2015.PDF) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/590030/5900300314.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:45:12.136Z.