Jun 28, 2022 04:01 PM
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Southern Petrochemical Industries Corporation Limited is engaged in manufacturing urea and petrochemicals and features a market capitalisation of Rs. 961 crores as of 23rd August 2021. It was incorporated within the year 1969. The company has reported its total quarterly income of Rs. 511.87 crores at the end of June 2021. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 590030 and scrip code SPIC respectively. As of 23rd August 2021, the share of SPIC was trading at Rs. 47.20.
SPIC is one of the leading fertiliser companies situated at Thoothukudi within the State of Tamil Nadu. The company has started receiving natural gas from March '21 and had become a gas-based Urea manufacturing unit. During June '21, the company has produced 1.80 lacs MT and sold 1.78 MT of Urea. Its large fertiliser complex can manufacture 6.2 lakh plenty of Neem Coated Urea, and it's a household name within the farming community thanks to its ability to enrich the soil consistently throughout the agriculture cycle with maximum nutrient use efficiency. The company's promoters hold 52.79% of the company's total shareholding, their holdings in the company have increased from 49.43% in December 2018 to 52.79%. However, pledged holding of the promoters was insignificant.
In June 2021, the total revenue from operations of the company stood at Rs. 511.87 crores as against Rs. 388.53 crores in March 2021 and 323.61 crores in June 2020, showing a 31.75% growth quarter-on-quarter. EBITDA of the company fell 6.30% to Rs. 56.22 crores as against Rs. 60 crores in the previous quarter. Net income of the company plunged 23.90% to Rs. 37.10 crores from Rs. 48.75 crores in March 2021. EPS of the company fell to Rs. 1.86 as compared to Rs. 2.40 in March 2021, showing a decrease of 22.50% on a quarter-on-quarter basis. Over the last five years, revenue has grown at a yearly rate of -4.48%, vs industry average of 7.04%. SPIC's shares closed at Rs. 47.20 (NSE) on 23rd August 2021 and has given a return of 115.53% over the last 12 months.
SPIC House 88 Mount Road, Guindy, Chennai, Tamil Nadu, 600032
Cameo Corporate Services Ltd
|AGM Date (Month)||:||Sep|
|Face Value Equity Shares||:||10|
|Market Lot Equity Shares||:||1|
|Book Closure Date (Month)||:||Sep|