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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Southern Petrochemical Industries Corporation Limited is a fertilizer manufacturing company. Its segment includes Agro Inputs-Urea Operations and Others -Agri Business. It is engaged in the manufacturing and selling urea, a nitrogenous chemical fertilizer, and has its…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, stagnant business, reasonably priced.
SPIC is scored on the commodity / cyclical framework. It keeps a slim 7.0% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.87× reported profit. It throws off free cash worth 11.1% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at 2%/yr and profit at -11%/yr. Book value has grown 12%/yr. Return on equity is a healthy 15.4%. In the latest quarter profit grew 104% versus the prior quarter.
At 6× earnings, the stock sits at the 25th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price asks for only ~-8%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 5.87 | — | — |
| P/B | 0.88 | 3.22 | better |
| EV/EBITDA | 5.18 | 14.27 | better |
| ROE | 15.44 | 11.15 | better |
| ROCE | 16.58 | 10.25 | better |
| ROA | 8.21 | 3.37 | better |
| Quick Ratio | 0.83 | 1.25 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Coromandel Interntl | 30.3 | 4.3 | 15.6% |
| FACT | 1743.1 | 35.3 | 6.6% |
| Chambal Fertilizers | 8.1 | 1.4 | 16.8% |
Revenue declined 3% in the latest year — a break from prior trajectory. 2% CAGR — growing but slowly. Growth is decelerating — latest year grew slower than the year before.
Revenue is outpacing profit (2% vs -11%) — costs are rising faster than the top line. The latest year saw a +36% swing — check if it's a one-off or structural.
Operating margins have been stable around 11% — no major structural shift. The gap between operating and net margin is widening — interest or tax costs are rising. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 15% — a respectable return on shareholder capital. High ROE despite single-digit margins — an asset-turn play with high capital velocity. Capital efficiency declining — ROE down 15pp.
-11% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 1.9× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 43% sequentially — momentum is building. Run-rate fading — recent quarters 11% below earlier ones.
Profit jumped 104% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 53.4% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.