What the business is, and whether it's a good one at a fair price.
Manufactures urea fertilizer through its Agro Inputs (Urea Operations) segment, which generated 95.5% of segment revenue at Rs. 2,720.83 crore in the most recent segment period (year ended March 2023) with a 12.6% EBIT margin. The remaining 4.4% came from Unallocated Income and 0.1% from a small, loss-making Agri Business line. Raw materials are the dominant cost, accounting for 72.9% of total revenue at Rs. 2,155.56 crore in FY26, reflecting heavy dependence on feedstock inputs. The company is mid-way through a major capacity expansion, with capital work-in-progress nearly quadrupling to Rs. 447.64 crore and FY26 capex of Rs. 319.68 crore (10.8% of revenue). Despite consolidated revenue declining 4.2% to Rs. 2,955.97 crore in FY26, net profit grew 35.9% to Rs. 211.48 crore on lower finance costs and improved operating efficiency. Profitability metrics include a 12.13% EBITDA margin, 19.93% ROCE, and a 0.51 debt-to-equity ratio. The promoter group led by Ashwin C Muthiah and persons acting in concert holds 44.64% of shares, including AMI Holdings at 18.31% and state-owned TIDCO at 4.34%.
Measured from the filed financials, judged against its Fertilizers peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from SPIC LTD's filed financials and exchange disclosures
SPIC LTD is a Fertilizers & Agrochemicals company listed on NSE and BSE, trading under the symbol SPIC.
Yes. Over the trailing twelve months SPIC LTD reported a net profit of ₹205 Cr on revenue of ₹3,024 Cr.
Yes. The dividend yield is 2.85% at the current price. It paid out 19% of its profit as dividend in FY26.
No. Debt stands at 0.51× equity, and it carries net debt of ₹604 Cr. That is lower than 41% of its 23 Fertilizers peers.
On trailing P/E, SPIC LTD ranks 4 of 21 in Fertilizers — cheaper than 85% of them, against an industry median of 10.9×. This is a position, not a valuation judgement.
On a typical session SPIC LTD moves 1.32% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by SPIC LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
