What we do Southern Petrochemicals Industries Corporation Ltd (SPIC) is a Tamil Nadu based leading Indian company manufacturing nitrogenous and phosphatic fertilizers alongside ventures in pharmaceuticals, engineering, and agri-business. |
Founded in 1,969 |
Market share One of India's prominent fertilizer producers with substantial urea production and diversified agri-business presence. |
Problem solved Provides essential agricultural inputs like urea and bio-fertilizers to boost crop yield and support India's farming sector. |
Top clients or who we serve Primarily Indian farmers; B2B with government and retail fertilizer distribution networks across states including Tamil Nadu, Kerala, and Maharashtra. |
Key management - |
Our journey and innovations Since 1969, pioneered gas-based fertilizer production, diversified into pharmaceuticals and bio-tech, implemented modernization for enhanced urea capacity and energy-efficient operations. |
Where we operate India-focused operations with significant presence in Tamil Nadu and involvement in regional agri-business markets across South India. |
Top products or what we offer Manufactures neem-coated urea, penicillin-G pharmaceuticals, hybrid seeds, tissue culture plants, and engineering services for agro-industries. |
Top brands SPIC Neem Coated Urea: Market leader in nitrogenous fertilizers with growing production capacity; Bio-fertilizer products; Penicillin-G pharmaceutical line. |
Raw materials needed Natural gas (100% feedstock as of 2024) for fertilizer production; other chemicals for pharmaceuticals and bio-fertilizer manufacturing. |
Raw materials supplier Domestic natural gas from Ramnad ONGC fields; imported LNG via Indian Oil Corporation's Ennore terminal. |
Recurring vs cyclical contribution Majority of revenue is recurring from continuous fertilizer production and sales; agri-business and pharmaceuticals have moderate cyclical influence. |
Our industry position Strong player in India's fertilizer market; recognized for integrating energy-efficient practices and diversification into related chemical sectors. |
Financial highlights FY 2024-25 revenue ₹3128 Cr, net profit ₹156 Cr, EBITDA ₹295 Cr; demonstrating robust growth over previous year. |
Geographical revenue split Complete revenue derived from domestic Indian operations, primarily Tamil Nadu and neighboring states. |
Order book - |
Whats driving growth Increased urea production capacity, modernization projects, strategic natural gas sourcing, government agricultural policies supporting fertilizers, and agro-biotech expansion. |
Our future plans Modernization to boost urea capacity to 912,500 MTPA by 2026; expanding sustainable practices including CO2 capture and zero liquid discharge systems. |
Our green promise Commitment to renewable energy with floating solar projects; biomass power use; carbon capture installations; and afforestation initiatives. |
Our people and values 616 employees with focus on inclusivity, continuous training, stable industrial relations and safety excellence - 1,164 accident-free days recorded. |
Key challenges ahead Managing subsidy implementation, mitigating fuel price volatility, adapting to agrochemical regulations, and tackling competition from imports. |
Interesting facts Achieved all-time high ammonia output and surpassed reassessed urea production capacity by 100,651 MT in FY 2024-25. |
Risks and strategy Risk of input price fluctuations addressed via diversified natural gas sourcing; subsidy cycle improved with technology-enabled supply tracking. |
