Scrip Watch, Free Modules

Southern Petrochemicals Ltd

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

Southern Petrochemicals Ltd

Southern Petrochemicals Ltd

Fertilizers
FV – Rs 10; 52wks H/L – 25.35/9.5; TTQ – 12 K; CMP – Rs 21 (As On July 17, 2020);                     

            Market Cap – Rs 436 Crs

Consolidated Financials and Valuations (Amt in Rs Crs unless specified)

 


Equity Capital

Net worth
Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

Industry P/E

P/BV

Promoter’s
Stake

FY20

203.64 435 279 2090 67 21 3.3 6.4 9.43 1

52.79

FY19 203.64 371 367 2613 63 18 3.1 6.8 9.43 1.2

52.79

 

Debt to Equity – 0.64

ROE – 15

Market Cap/Sales – 0.2

  • During the quarter, the production and sale of Urea of the company were 1.05 lac MT and 1.16 lac MT and for the year production and sale of Urea stood at 5.50 lac MT and 5.54 lac MT respectively.
  • Of India on 17th June 2015, had permitted the companyto produce  Urea using Naptha as feedstock on existing provisions till assured supply of gas is made available.
  • Subsidy for the quarter and year end of Rs. 436 crs and 1702 crs has been accounted base don the provisional Retention Price (RP) computed in line with government’s policy.
  • During the year, the sale of tissue cultures recorded a sales turnover of Rs. 8 crs. The demand for the product was low due to unfavorable seasonal conditions and subsidy policy under National Horticulture Mission.
  • The Company has signed a Hospitality Agreement with Indian Oil Corporation for a period of two years from 1st July 2019 for using their Tank farm facility at Tuticorin Port premises for handling a part of SPIC’s Imported Naphtha shipments. This has facilitated SPIC for faster discharge of cargo and thereby minimizing the ship demurrage to a large extent.
  • One of the Associate companies is putting up a 24.7 MW floating solar power project in the Company’s water reservoirs which, when completed during this year, will reduce the cost of power. 

 

Overview:

  • Southern Petrochemical Industries Corporation (SPIC) Limited is one of the leading fertilizer manufacturing companies in the country located at Thoothukudi in the State of Tamil Nadu. It is a joint venture founded by Dr M A Chidambaram and Tamil Nadu Industrial Development Corporation Limited (TIDCO), a state-owned industrial development institution.
  • SPIC is one of the earliest units set up in the country with a vision to produce high quality fertilizers to improve the agricultural output of the country.
  • SPIC’s large fertilizer complex is capable of producing 6.2 lakh tons of Neem Coated Urea.
  • SPIC is a household name within the farming community due to its ability to enrich the soil consistently throughout the agricultural cycle with maximum nutrient use efficiency.
  • The Company is a Lead Fertilizer Supplier (LFS) for Tamil Nadu and Pondicherry, we have ensured the usage of 11,611 numbers of Point of Sales (PoS) devices out of 11,980 devices available in the States. The usage percentage is 97 % which is the highest in the country.

Products:

  • Chemical Fertilizers
  • Water soluble Fertilizers
  • Organic Fertilizers
  • Micro Nutrients
  • Plant Growth Regulators
  • Industrial Products

Management:

  • Ashwin C Muthiah – Chairman
  • K R Anandan – CFO

Shareholding Pattern:

Major Holdings:

Non – Promoters

No. of shares held % shares held

Ruchit Bharat Patel

7013442 3.44

Finquest Financial Solutions Pvt.Ltd

6196897 3.04

Hardik B

431559

2.12

LIC 3926725

1.93

Vibgoyar Investors & Developers Pvt. Ltd 2500000

1.23

 

Share Price Trend:

Share Price Snapshot:

Year

Open (Rs.) High (Rs.) Low (Rs.) Close (Rs.)

2010

15.85 35.2 15.8 25.3

2011

25.45 37.75 14.05 14.45

2012

14.55 23.1 12.75 15.55

2013

15.7 21.3 6.7 12.71

2014

12.66 30.25 10.07 23.5
2015 24 24.85 14.95

22.45

2016 23.2 27.3 17.6

18.75

2017 18.65 49.2 18.4

48.7

2018 48.8 58 23

26.35

2019 26.7 29.55 16.4

18.95

2020 19 25.35 9.5

21.4

 

Excerpts from Gaurav’s Blog

Losers Focus on Winners – Winners Focus on Winning   Workshop Conceptualised & Conducted by GAURAV A PARIKH Stock Markets ~ Minting Millions ~ TOP 10 Winning Moves Grabbing Short Term Too While Compounding Long Term Post Pandemic lock-down, this is the First Fundamental Direct Equity ‘Value Vs Price’ Workshop in over Two and a Half Years by Gaurav Parikh and Jeena … Mumbai Equity Workshop ~ Saturday April 30 2022 ~ Almost Full ~ Top 10 Winning Moves Read More » The post Mumbai Equity Workshop ~ Saturday April 30 2022 ~ Almost Full ~ Top 10 Winning Moves first appeared on Gaurav's Blog. [...]

  Rest in Peace now Gerela Saab  ! Mr S T Gerela ex GM of BSE passed away peacefully this morning We had not met in years but he always remained at the top of my mind when it came to testimonials for this is what he had said to me over a decade ago,when … RIP S T Gerela ex GM BSE ~ gave me the best compliment till date Read More » The post RIP S T Gerela ex GM BSE ~ gave me the best compliment till date first appeared on Gaurav's Blog. [...]

Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! Promoter Group of  Vedanta Ltd has proposed a voluntary de-listing at an indicative offer price of Rs 87.50~are the over 7.3 lakh minority shareholders from Alibag !? …apologies to the people of Alibag Some would term this as De-listing Duplicity ~ but I would … Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! Read More » The post Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! first appeared on Gaurav's Blog. [...]

This is a Riskless Reliance Industries Rights Investment Strategy for those over 2.3 Million Shareholders already holding RIL shares. It is not a recommendation to buy RIL cum rights  It’s a no brainer yet I’m just penning a brief note because some have told me they hold Reliance but are skipping the Rights ! Don’t … Riskless Reliance Industries Rights Investment Strategy Read More » The post Riskless Reliance Industries Rights Investment Strategy first appeared on Gaurav's Blog. [...]

 Wealth is negotiable, Health is not Your Personal Well Being is more important that the Stock Market Well Being ~ Always & more so in this unfathomable ongoing Covid-19 Reality Above’s a three minute reach out by me last night to all connected with me to reinforce this .It’s also posted on Facebook , … Covid-19 Crisis-Your Well Being is more important than Stock Market Well Being Read More » The post Covid-19 Crisis-Your Well Being is more important than Stock Market Well Being first appeared on Gaurav's Blog. [...]