Southern Petrochemicals Industries (NSE:SPIC) Asset Turnover: 0.23 (As of Mar. 2026)


NSE:SPIC Southern Petrochemicals Industries Corp Ltd NSE:SPIC
77 GF Score
Price ₹67.61
GF Value ₹386.96
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Southern Petrochemicals Industries Asset Turnover?

Southern Petrochemicals Industries NSE:SPIC -2.13% 77 Asset Turnover is 0.23 as of Mar. 2026. GuruFocus rates NSE:SPIC with a GF Score™ of 77/100 and a GF Value™ of ₹386.96 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Southern Petrochemicals Industries's Revenue for the three months ended in Mar. 2026 was ₹5,793 Mil. Southern Petrochemicals Industries's Total Assets for the quarter that ended in Mar. 2026 was ₹24,976 Mil. Therefore, Southern Petrochemicals Industries's Asset Turnover for the quarter that ended in Mar. 2026 was 0.23.

Asset Turnover is linked to ROE % through Du Pont Formula. Southern Petrochemicals Industries's annualized ROE % for the quarter that ended in Mar. 2026 was 8.61%. It is also linked to ROA % through Du Pont Formula. Southern Petrochemicals Industries's annualized ROA % for the quarter that ended in Mar. 2026 was 4.72%.


Southern Petrochemicals Industries  (NSE:SPIC) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Southern Petrochemicals Industries's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1179.6/13700.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1179.6 / 23170)*(23170 / 24975.6)*(24975.6/ 13700.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.09 %*0.9277*1.823
=ROA %*Equity Multiplier
=4.72 %*1.823
=8.61 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Southern Petrochemicals Industries's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=1179.6/24975.6
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1179.6 / 23170)*(23170 / 24975.6)
=Net Margin %*Asset Turnover
=5.09 %*0.9277
=4.72 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Southern Petrochemicals Industries Asset Turnover Related Terms


Southern Petrochemicals Industries Asset Turnover Historical Data

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The historical data trend for Southern Petrochemicals Industries's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Southern Petrochemicals Industries Asset Turnover Chart

Southern Petrochemicals Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.27 0.21 1.52 1.23

Southern Petrochemicals Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 0.34 0.36 0.34 0.23

NSE:SPIC vs CTVA, CF, MOS: Asset Turnover Comparison

For the Agricultural Inputs subindustry, Southern Petrochemicals Industries's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Southern Petrochemicals Industries Asset Turnover vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Southern Petrochemicals Industries's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Southern Petrochemicals Industries's Asset Turnover falls into.


NSE:SPIC
77GF Score
Southern Petrochemicals Industries Corp Ltd NSE:SPIC
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Southern Petrochemicals Industries Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Southern Petrochemicals Industries's Asset Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2026 )/( (Total Assets (A: Mar. 2025 )+Total Assets (A: Mar. 2026 ))/ count )
=29404.5/( (22848.4+24975.6)/ 2 )
=29404.5/23912
=1.23

Southern Petrochemicals Industries's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=5792.5/( (0+24975.6)/ 1 )
=5792.5/24975.6
=0.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.23 mean?
Southern Petrochemicals Industries (NSE:SPIC) has a Asset Turnover of 0.23 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Southern Petrochemicals Industries and its competitors.
Is Southern Petrochemicals Industries' Asset Turnover too high?
Southern Petrochemicals Industries' current Asset Turnover is 0.23. Overall, Southern Petrochemicals Industries has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Southern Petrochemicals Industries' Asset Turnover compare to CTVA and CF?
Southern Petrochemicals Industries' Asset Turnover of 0.23 can be compared against companies in the Agriculture industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for an Agriculture company?
A good Asset Turnover depends on the Agriculture industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Southern Petrochemicals Industries and its competitors. Southern Petrochemicals Industries's current Asset Turnover is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Petrochemicals Industries stock overvalued right now?
Based on GuruFocus' analysis, Southern Petrochemicals Industries (NSE:SPIC) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹386.96, compared to a current price of ₹67.61 — trading 82.5% below its estimated fair value. The current Asset Turnover is 0.23. Southern Petrochemicals Industries' overall GF Score™ is 77/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Southern Petrochemicals Industries (NSE:SPIC), the current Asset Turnover is 0.23 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Southern Petrochemicals Industries (NSE:SPIC) Overvalued in 2026?

Based on GuruFocus' analysis, Southern Petrochemicals Industries stock appears to be undervalued. The current stock price of ₹67.61 is trading 82.5% below its estimated GF Value™ of ₹386.96. GuruFocus considers Southern Petrochemicals Industries to be Significantly Undervalued.

Key valuation signals for NSE:SPIC:

  • Asset Turnover: 0.23
  • GF Value™: ₹386.96 vs. price of ₹67.61 (82.5% below fair value)
  • GF Score™: 77/100 with 4 warning signs

No single metric tells the full story. See the NSE:SPIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Southern Petrochemicals Industries Business Description

Address Mount Road, Number 88, SPIC House, Guindy, Chennai, TN, IND, 600 032
Southern Petrochemicals Industries Corp Ltd is a manufacturer and seller of nitrogenous and phosphatic fertilizers, including urea and neem-coated urea. The company operates a large fertilizer complex in Tuticorin, Tamil Nadu, capable of producing substantial volumes to support agricultural productivity across India. SPIC also provides secondary and micronutrient fertilizers, organic fertilizers, biopesticides, and plant growth regulators to enrich soil and crop health. Its industrial by-products, such as phosphoric acid and sulfuric acid, serve other sectors like cement and aluminum production. Revenue is majorly generated from the sale of fertilizer products through an extensive dealer network serving rural and farming communities nationwide.
77GF Score

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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹67.61
Price
₹386.96
GF Value