SPIC Share Price

Southern Petrochemical Industries Corporation Limited (SPIC) is a leading producer of fertilisers in India. SPIC Ltd is a state-owned industrial development institution with its headquarters in Tamil Nadu.

The company was founded in 1969 in Chennai. It started as a manufacturer of all kinds of fertilisers. Owing to the high demand for fertilisers, in 1979, the company installed a pure gas hydrogen recovery unit to produce Ammonia. The company also later diversified into plastic products and petrochemicals segments.

In 1983, SPIC Ltd acquired two chemical tankers, ‘SPIC Pearl’ and ‘SPIC Emerald’ for regular delivery of phosphoric acid to its plants from overseas suppliers. The company also purchased a modern gas carrier for better supply of chemicals and gases.

In later years, the company diversified into IC chip making through its subsidiary SPIC Electronics & Systems Limited. The company’s subsidiary Manali Petrochemical Ltd was also commissioned to manufacture Propylene Oxide, Propylene Glycol, and Polycol. SPIC was also selected as a co-promoter for an aromatics project set up as a joint venture with the Madras Refineries Limited.

In 1995, SPIC signed a memorandum of understanding with the US-based company Gelman Sciences for manufacturing membrane filters for industrial healthcare operations.

In 1996, BIODART, an enzyme project for the production of basic enzymes and formulations for the leather industry, was also commissioned by SPIC. Chlorine Engineers Corporation (CEC) of Japan entered into an agreement to provide technical knowledge and expertise for setting up a membrane cell conversion project.

In 1997, SPIC set up its first overseas manufacturing plant in trade free zone of Jebel Ali in the United Arab Emirates. It was set up as a wholly owned subsidiary with a manufacturing capacity of 1,200 TPA of urea and 6.85 TPA of ammonia. In 2000, the production facility in Manali was shut down due to concerns over its functioning conditions.

In 2002, SPIC closed its ammonia unit in Tuticorin due to leakage in the pipeline. In 2015, the closed Tuticorin plant was commissioned again and it is fully functioning today. An MoU was signed between SPIC and the Government of Tamil Nadu to set up an additional production facility of 12,70,000 MTP per annum of Urea in Tuticorin.

SPIC Limited’s market capitalisation stood at over ₹1,990 crore, as of February 8, 2024. SPIC share price has surged over 280% in the last three years.

SPIC Limited Business operations

SPIC is primarily engaged in manufacturing of urea and other organic fertilisers, including Neem Coated Urea. The company is one of the largest manufacturers of fertilisers.

The company has seven offices across India – Tamil Nadu, Kerala, Andhra Pradesh, Telangana, Karnataka, Maharashtra and Pondicherry.

SPIC Limited has four subsidiary companies: Tuticorin Alkali Chemicals and Fertilisers Limited, Greenam Energy Private Limited, National Aromatics and Petrochemicals Corporation Limited and Tamilnadu Petroproducts Limited.

During FY23, the company reported the highest-ever production of 759,199 MT of Urea since the commissioning of all its plants. The company manufactured 759,199 MT of Neem Coated Urea and sold 757,984 MT.

SPIC Limited has entered into a deal with Indian Oil Corporation (IOC) to use their Tank Farm Facility at Tuticorin Port premises for handling a part of the company’s Imported Naphtha shipments.

Under its fertilisers division the company offers Diammonium phosphate (DAP), fertilizer-grade gypsum, Muriate of potash, Sulphuric acid, phosphoric acid, and aluminium fluoride. Its engineering division offers specialised and turnkey project-based solutions in electrification, chemicals and petrochemicals plants, fertiliser manufacturing units and oil, gas and power projects.

The company has also diversified into the pharma sector with the manufacturing and supply of a wide range of speciality chemicals and intermediaries. The company supplies fermentation-based Penicillin-Gamong , customs synthesis and contract manufacturing of active pharmaceutical ingredients (APIs), drug intermediates and synthetic organics compounds. The company also caters to the needs of numerous companies in textile, food processing and agri biotech industries.

SPIC Financial Highlights

• Revenue: SPIC reported revenue of ₹3,015.10 crore in FY26 vs ₹3,100.25 crore in FY25. It showed a decrease of 2.75% on a yearly basis.
• Operating Profit: SPIC reported an operating profit of ₹321.04 crore in FY26 vs ₹235.07 crore in FY25. It showed an increase of 36.57% on a year-on-year basis.
• Net Profit: SPIC reported a net profit of ₹211.48 crore in FY26 vs ₹155.62 crore in FY25. It showed an increase of 35.90% on a yearly basis.

SPIC Quarterly Result Highlights

• SPIC reported revenue of ₹595.73 crore in Mar 2026, compared with ₹778.39 crore in Dec 2025, representing a decrease of 23.47% on a quarter-on-quarter (QoQ) basis.
• SPIC reported an operating profit of ₹45.98 crore in Mar 2026, compared with ₹81.90 crore in Dec 2025, representing a decrease of 43.86% on a quarter-on-quarter (QoQ) basis.
• SPIC reported a profit of ₹29.49 crore in Mar 2026, compared with ₹54.07 crore in Dec 2025, reflecting a decrease of 45.46% on a QoQ basis.
• The earnings per share (EPS) of SPIC stood at ₹7.64 during Mar 2026.