SPIC

Southern Petrochemicals Industries Corporation Limited

Southern Petrochemicals Industries Corporation Limited (SPIC) financial statements and selected valuation metrics through 30 June 2026.

Commodities›Chemicals›Fertilizers & Agrochemicals›Fertilizers

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Key metrics

Price as of 2026-10-16

Stock price
₹60.49
Market cap
1,232 Cr
Stock P/E
6.0
P/B
0.90
Dividend yield
3.2%
ROE (FY26)
15.4%
ROCE (FY26)
16.9%
Operating margin (FY26)
8.7%
Debt / equity (FY26)
0.51
OCF / EBITDA (FY26)
132.0%
OCF / EBITDA (3Y)
70.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

SPIC (Southern Petrochemical Industries Corporation) makes and sells fertilizers, mainly urea, and operates mostly in India.

Company snapshot

10thBy market cap

Ranked among 19 companies in Fertilizers.

Segment mix

Reportable segments as of 2023-03-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 96.2% of revenue

SegmentRevenue shareRevenuePBTAssets
Agro Inputs (Urea Operations)
96.2%
2,721 Cr343 Cr—
Others (Agri Business)
0.1%
2 Cr-3 Cr—
Unallocated Income
4.5%
126 Cr0 Cr—

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales744 Cr506 Cr125 Cr754 Cr760 Cr818 Cr754 Cr781 Cr817 Cr774 Cr584 Cr849 Cr
Operating expenses (approx.)659 Cr450 Cr98 Cr656 Cr693 Cr739 Cr718 Cr687 Cr740 Cr689 Cr539 Cr790 Cr
EBITDA85 Cr56 Cr27 Cr98 Cr67 Cr79 Cr37 Cr93 Cr77 Cr84 Cr45 Cr59 Cr
OPM %11.4%11.1%21.5%13.0%8.8%9.7%4.9%12.0%9.4%10.9%7.7%6.9%
Other income4 Cr13 Cr8 Cr2 Cr2 Cr5 Cr5 Cr18 Cr26 Cr5 Cr12 Cr1 Cr
Interest8 Cr13 Cr21 Cr12 Cr11 Cr21 Cr12 Cr12 Cr7 Cr5 Cr5 Cr8 Cr
Depreciation10 Cr9 Cr9 Cr9 Cr10 Cr9 Cr9 Cr10 Cr14 Cr10 Cr10 Cr10 Cr
Profit before tax80 Cr52 Cr-40 Cr91 Cr53 Cr61 Cr30 Cr101 Cr92 Cr82 Cr46 Cr63 Cr
Tax %34.2%35.9%38.8%31.3%33.3%37.3%34.9%33.9%33.6%34.0%35.9%3.9%
Net profit53 Cr33 Cr-24 Cr63 Cr35 Cr39 Cr19 Cr67 Cr61 Cr54 Cr29 Cr60 Cr
EPS (₹)₹2.80₹1.78₹-1.19₹3.07₹1.73₹1.89₹0.96₹3.28₹3.01₹2.66₹1.45₹2.96

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,502 Cr1,994 Cr2,592 Cr2,079 Cr1,527 Cr1,875 Cr2,829 Cr1,944 Cr3,086 Cr2,956 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,448 Cr1,884 Cr2,492 Cr1,966 Cr1,457 Cr1,699 Cr2,475 Cr1,694 Cr2,805 Cr2,656 CrSign in free for the trailing twelve months
EBITDA54 Cr111 Cr100 Cr113 Cr70 Cr176 Cr354 Cr249 Cr281 Cr300 CrSign in free for the trailing twelve months
OPM %3.6%5.6%3.8%5.4%4.6%9.4%12.5%12.8%9.1%10.1%Sign in free for the trailing twelve months
Other income14 Cr5 Cr21 Cr10 Cr30 Cr17 Cr21 Cr18 Cr14 Cr59 CrSign in free for the trailing twelve months
Interest11 Cr41 Cr36 Cr34 Cr14 Cr14 Cr31 Cr38 Cr55 Cr28 CrSign in free for the trailing twelve months
Depreciation31 Cr40 Cr32 Cr32 Cr38 Cr44 Cr44 Cr38 Cr38 Cr44 CrSign in free for the trailing twelve months
Profit before tax63 Cr50 Cr66 Cr70 Cr77 Cr174 Cr321 Cr170 Cr235 Cr321 CrSign in free for the trailing twelve months
Tax %8.8%8.6%4.5%3.8%3.8%6.0%6.4%33.5%33.8%34.1%Sign in free for the trailing twelve months
Net profit57 Cr45 Cr63 Cr67 Cr74 Cr163 Cr301 Cr113 Cr156 Cr211 CrSign in free for the trailing twelve months
EPS (₹)₹2.93₹2.22₹2.60₹3.14₹3.98₹8.02₹14.83₹5.55₹7.64₹10.39Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%3.3%26.5%19.6%18.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital204 Cr204 Cr204 Cr204 Cr204 Cr204 Cr204 Cr204 Cr204 Cr204 Cr
Reserves96 Cr141 Cr167 Cr231 Cr312 Cr490 Cr782 Cr872 Cr995 Cr1,166 Cr
Borrowings536 Cr263 Cr366 Cr279 Cr104 Cr302 Cr398 Cr464 Cr716 Cr698 Cr
Other liabilities415 Cr867 Cr1,298 Cr1,379 Cr1,093 Cr696 Cr817 Cr223 Cr370 Cr430 Cr
Total liabilities1,250 Cr1,475 Cr2,035 Cr2,093 Cr1,712 Cr1,692 Cr2,202 Cr1,763 Cr2,285 Cr2,498 Cr
Fixed assets (net)261 Cr244 Cr230 Cr351 Cr523 Cr677 Cr654 Cr645 Cr613 Cr610 Cr
CWIP22 Cr35 Cr69 Cr26 Cr18 Cr2 Cr0.87 Cr34 Cr108 Cr448 Cr
Investments——88 Cr98 Cr114 Cr174 Cr193 Cr226 Cr253 Cr289 Cr
Inventories229 Cr189 Cr188 Cr135 Cr351 Cr449 Cr220 Cr95 Cr80 Cr94 Cr
Trade receivables92 Cr47 Cr18 Cr9 Cr7 Cr0.45 Cr10 Cr18 Cr12 Cr14 Cr
Cash & bank4 Cr3 Cr72 Cr64 Cr78 Cr5 Cr16 Cr69 Cr49 Cr94 Cr
Other assets642 Cr955 Cr1,370 Cr1,410 Cr621 Cr384 Cr1,107 Cr676 Cr1,169 Cr949 Cr
Total assets1,250 Cr1,475 Cr2,035 Cr2,093 Cr1,712 Cr1,692 Cr2,202 Cr1,763 Cr2,285 Cr2,498 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-348 Cr338 Cr67 Cr136 Cr336 Cr-113 Cr-31 Cr227 Cr-38 Cr395 Cr
Cash from investing-20 Cr-48 Cr-101 Cr-151 Cr-159 Cr-149 Cr-16 Cr-175 Cr-145 Cr-262 Cr
Cash from financing360 Cr-290 Cr102 Cr6 Cr-188 Cr189 Cr58 Cr0.43 Cr163 Cr-89 Cr
Net cash flow-8 Cr-0.24 Cr69 Cr-8 Cr-11 Cr-73 Cr11 Cr53 Cr-20 Cr45 Cr
Free cash flow (OCF − Capex)-367 Cr296 Cr0.49 Cr-15 Cr153 Cr-262 Cr-60 Cr154 Cr-291 Cr76 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %8.8%14.9%13.8%14.6%14.7%18.9%25.4%13.5%15.2%16.9%
ROE %19.1%13.2%17.0%15.5%14.4%23.5%30.5%10.5%13.0%15.4%
Debtor days22922201312
Inventory days10466454215213542271316
Days payable167257289369412147116173744
Cash conversion cycle-42-183-242-325-258-12-7213-23-26
OCF / EBITDA %-645.5%304.7%67.6%120.9%476.4%-64.5%-8.7%91.2%-13.5%132.0%
OCF / EBITDA % (3 years)——21.5%167.5%190.7%100.0%32.0%10.7%18.0%70.4%
Debt / equity1.790.760.990.640.200.430.400.430.600.51
Current ratio0.781.030.990.880.760.771.040.941.000.93
Net debt / EBITDA9.86—2.95———1.081.582.372.02