Southern Petrochemicals Industries Corporation Limited (SPIC) is a leading global chemicals and fertilizers company headquartered in Chennai, India. Established in 1969, SPIC specializes in the manufacturing and selling of Urea and Nitrogenous chemical fertilizers, alongside a diversified portfolio in petrochemicals, engineering, pharmaceuticals, biotechnology, and construction services.
Initially focused on petrochemicals, the company has evolved to become one of India's leading fertilizer manufacturers. SPIC operates a comprehensive fertilizer manufacturing facility at Tuticorin, Tamil Nadu, which serves as a key production hub. Its commitment to the agricultural sector is evident through its extensive product range and farmer support services.
SPIC has demonstrated robust financial performance, reflecting its strong market presence and operational efficiency. As of July 4, 2025, the company's market capitalization stands at ₹1,820.54 Crore. The P/E (price-to-earnings) ratio is 11.70, and the P/B (price-to-book) ratio is 1.69. The current dividend yield is 2.24%.
The company announced a 20% dividend payout of ₹2 per equity share for the financial year 2024-25, pending shareholder approval.
• Annual Revenue (FY25): ₹3,071.65 crore (58.87% growth year-on-year)
• Annual Net Profit (FY25): ₹155.62 crore (37.64% growth year-on-year)
• Q4 FY25 Revenue: ₹750.35 crore (525.03% growth year-on-year)
• Q4 FY25 Net Profit: ₹19.47 crore (vs. net loss of ₹24.23 crore in Q4 FY24)
• Market Capitalization: ₹1,820.54 crore (as of July 4, 2025)
• P/E Ratio: 11.70
• P/B Ratio: 1.69
• Dividend Yield: 2.24%
• 52-Week High: ₹96.63
• 52-Week Low: ₹66.22
SPIC offers a comprehensive range of products catering to the agricultural and industrial sectors. Its product offerings include:
* Primary Nutrients (e.g., Urea)
* Secondary Nutrients
* Micronutrients
* Water Soluble Fertilizers
* Organic Fertilizers
* Non-edible De-oiled Cake Fertilizers
* Bio Fertilizers
* Organic Pesticides
* Plant Growth Regulators
* Plant Bio Stimulants
* Industrial Products (Gypsum, Aluminum Fluoride, Ammonium Chloride, Silica)
Beyond products, SPIC provides valuable services to farmers to enhance cultivation practices, including:
* Soil health management
* Integrated nutrient and pest management
* Advisory on corrective steps to improve soil health through its soil testing laboratory at Tuticorin.
SPIC is actively pursuing strategic initiatives to enhance operational efficiency, reduce costs, and promote environmental sustainability:
* Logistics Optimization: An agreement with IOCL allows SPIC to utilize IOCL's tank farm facilities at Tuticorin Port for handling imported naphtha shipments, significantly reducing ship demurrage by enabling quicker cargo discharge.
* Plant Modernization: The company is in the final stages of converting its naphtha-based plant to a gas-based facility. This conversion is expected to improve cost efficiency and reduce the environmental footprint of its operations.
* Renewable Energy: Greenam, an associate company, commissioned a 25.33 MW DC/22.0 MW AC Floating Solar Project on March 7, 2022, demonstrating SPIC's commitment to renewable energy and environmental sustainability.
SPIC operates with a diversified corporate structure, encompassing businesses in fertilizer, engineering, pharmaceuticals, biotechnology, and construction services. Ashwin C Muthiah serves as the Chairman, with M B Ganesh as the Company Secretary.
The company's subsidiary network includes:
* Orchard Microsystems Ltd
* IndoJordan Chemicals Company Ltd
* SPEL Semiconductor Ltd
* SPIC Fertilizers and Chemicals Ltd Mauritius
Southern Petrochemicals Industries Corporation continues to be a significant player in India's fertilizer and chemical industry. Its strong fundamentals and growth prospects are supported by the country's increasing agricultural development needs. The company's focus on diversifying its production initiatives, enhancing operational efficiency, and commitment to offering quality services positions it well for sustained growth.
Trading on both NSE (Symbol: SPIC) and BSE (Code: 590030), SPIC remains dedicated to serving its customers across India while integrating sustainable practices into its core business operations.
