Southern Magnesium & Chemicals Ltd (SOUTHMG) Share Price & Fundamentals

What we do

Southern Magnesium & Chemicals Ltd manufactures magnesium-based products including chips, turnings, granules, and powders primarily serving the Indian market.

Founded in

1,985

Market share

Established specialist in magnesium products with significant operational history and a focus on downstream products within India.

Problem solved

Supporting industries requiring refined magnesium materials by providing reliable, high-quality magnesium derivatives.

Top clients or who we serve

B2B clients in industries such as automotive, aerospace, and pharmaceuticals within India.

Key management

N. Ravi Prasad - Managing Director & CEO; N. Rajender Prasad - Joint Managing Director & CFO, both key promoters.

Our journey and innovations

Started in 1985 with a magnesium metal plant; expanded into downstream magnesium products and overseas projects, now focused on magnesium chips and powders.

Where we operate

Operations concentrated in India with past projects in Bahrain for overseas clients.

Top products or what we offer

Magnesium chips, turnings, granules, and powders manufactured via Pidgeon process; no current magnesium metal production.

Top brands

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Raw materials needed

Calcined dolomite, carbon dioxide, and other magnesium precursors.

Raw materials supplier

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Recurring vs cyclical contribution

Revenue primarily from cyclical industrial sales; returns fluctuate with market demand.

Our industry position

A niche player specializing in magnesium derivatives in India with a legacy spanning over three decades.

Financial highlights

FY 2024-25 revenue Rs. 12.43 crore; net profit Rs. 3.2 crore; steady top-line growth with slight profit dip.

Geographical revenue split

100% revenue from India as of FY 2024-25.

Order book

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Whats driving growth

Increased demand for magnesium derivatives across industrial sectors and consistent operational improvements.

Our future plans

Focus on expanding magnesium derivative products and optimizing production efficiencies to capture market growth.

Our green promise

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Our people and values

A dedicated workforce of 31 employees emphasizing integrity, prudence, and sustainable business practices.

Key challenges ahead

Market volatility for magnesium products and competition from alternative materials.

Interesting facts

First to set up a magnesium metal plant in India using the Pidgeon process; diversified downstream product portfolio.

Risks and strategy

Mitigates market and operational risks via careful financial management and incremental capacity expansions.