Southern Magnesium & Chemicals Ltd

SOUTHMG

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Market Cap

₹ 28 Cr

P/E

72.12

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

OVERVALUED

Growth

EXCEPTIONAL

Profitability

LOW MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Southern Magnesium & Chemicals (SMCL) specializes in the manufacture of magnesium chips, turnings, granules, and powders, having transitioned from magnesium metal due to market conditions.

Incorporated in 1985, SMCL started operations with a 200 tpa pilot plant, later upgraded to 600 tpa, collaborating with Andhra Pradesh Industrial Development Corporation.

The company experienced various expansions, including the establishment of a plant in Bahrain and enhancement of reduction furnaces in 1995-96.

Despite halting magnesium metal production, SMCL diversifies into magnesium downstream products, enhancing its market adaptability.

Sector

Mining & Mineral products

Industry

Metal - Others

Market Cap

28 Cr

Volatility

Low Risk

P/E Ratio

72.1

Industry P/E

19.7

PEG Ratio

0.7

P/B Ratio

2.2

52W High

329.50

52W Low

85.55

Sales CAGR

31.26%

74.57%

50.97%

10Y

14.77%

Profit CAGR

-3.90%

99.89%

—

10Y

14.53%

ROE

TTM

2.98%

34.63%

30.16%

10Y

29.99%

ROCE

TTM

4.73%

47.37%

41.19%

10Y

41.84%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SIYARAM	60.00	131 Cr	8.98	1.03	0.00	7.67	9.94	3.44
INNOMET	98.65	128 Cr	68.51	3.09	0.00	5.02	7.10	3.57
SPRAYKING	1.85	39 Cr	4.87	0.99	0.00	19.71	15.16	8.67
KRUPALU	55.48	33 Cr	—	1.66	0.00	2.55	6.04	1.48
POOJA	29.80	30 Cr	13.75	2.04	3.35	14.83	12.26	4.46
SOUTHMG	93.75	28 Cr	72.12	2.16	0.00	2.98	4.73	2.15
NDMETAL	87.00	22 Cr	—	7.13	0.00	-1.32	1.99	-0.37

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1.38	2.56	2.88	2.65	5.95	3.93	1.74	0.81	0.22	1.66
Expenses	0.74	1.37	1.42	1.68	3.60	2.55	1.35	1.01	0.36	1.40
Operating Profit	0.64	1.19	1.46	0.97	2.35	1.38	0.39	-0.20	-0.14	0.26
OPM %	46.38	46.48	50.69	36.60	39.50	35.11	22.41	-24.69	-63.64	15.66
Other Income	0.04	0.11	0.09	0.10	0.05	0.15	0.16	0.20	0.11	0.13
Interest	0.01	0.03	0.03	0.03	0.01	0.00	0.05	0.08	0.08	0.10
Depreciation	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.01	0.01
Profit Before Tax	0.66	1.26	1.51	1.02	2.38	1.51	0.48	-0.09	-0.13	0.28
Tax %	27.27	27.78	21.85	24.51	25.21	25.17	27.08	22.22	23.08	25.00
Net Profit	0.48	0.91	1.18	0.76	1.78	1.14	0.35	-0.07	-0.10	0.21
EPS in Rs	1.58	3.02	3.95	2.55	5.93	3.80	1.16	-0.23	-0.33	0.69

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	7.25	1.62	4.42	1.59	2.01	2.34	8.57	9.47	12	6.70
Expenses	3.39	2.20	2.62	1.78	1.97	1.72	3.71	5.21	8.52	5.27
Operating Profit	3.86	-0.58	1.79	-0.19	0.04	0.62	4.86	4.26	3.91	1.43
OPM %	53.24	-35.68	40.61	-12.10	2.12	26.53	56.67	44.97	31.46	21.34
Other Income	0.07	-0.30	0.05	0.03	0.03	0.04	0.09	0.34	0.57	0.62
Interest	0.08	0.09	0.08	0.08	0.09	0.06	0.01	0.10	0.15	0.21
Depreciation	0.02	0.05	0.07	0.09	0.10	0.10	0.05	0.05	0.06	0.07
Profit Before Tax	2.90	-1.10	1.69	-0.34	-0.12	0.50	4.88	4.45	4.27	1.77
Tax %	34.63	1.57	18.93	32.86	20.69	20.65	27.72	25.12	25.16	25.42
Net Profit	1.90	-1.08	1.37	-0.23	-0.09	0.40	3.53	3.33	3.20	1.32
EPS in Rs	6.41	-3.60	4.57	-0.78	-0.31	1.34	11.77	11.10	10.66	1.29
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00
Reserves	-2.39	-0.50	-1.58	-0.21	-0.44	-0.54	-0.14	3.39	6.72	9.92
Borrowings	1.83	1.22	1.40	0.55	0.72	1.35	1.15	0.19	2.45	3.29
Other Liabilities	0.89	2.37	0.73	0.48	0.21	0.16	0.33	1.02	0.83	3.41
Total Liabilities	3.33	6.10	3.55	3.82	3.49	3.97	4.35	7.60	13	20
Fixed Assets	0.32	0.31	0.49	0.42	0.55	0.47	0.39	0.38	0.36	0.30
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	3.00	5.78	3.06	3.39	2.94	3.49	3.96	7.23	13	19
Total Assets	3.33	6.10	3.55	3.82	3.49	3.97	4.35	7.60	13	20

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.50	1.00	0.07	1.07	-0.26	0.16	0.40	1.76	-3.08	4.73
Cash from Investing Activity	0.01	0.03	-0.22	-0.09	0.15	-0.72	-0.14	0.05	0.11	-5.45
Cash from Financing Activity	-0.61	-0.69	0.09	-0.93	0.09	0.54	-0.25	-0.98	2.16	0.70
Net Cash Flow	-0.10	0.34	-0.06	0.04	-0.01	-0.03	0.01	0.83	-0.81	-0.02

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	53.36%	53.36%	53.36%	54.16%	54.16%	54.16%	54.16%	51.92%	51.14%	50.94%	50.94%	50.94%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%
Public	35.39%	35.39%	35.39%	34.59%	34.59%	34.59%	34.59%	36.83%	37.61%	37.81%	37.81%	37.81%
Total Shareholders	4,391	4,415	4,700	4,585	4,867	5,080	5,373	6,121	6,322	6,344	6,357	6,402

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Dec 13, 2024	Nuthakki ram prasad huf	Insider - Promoter	Disposal	344.74	0.19 Cr	5,372	0.17
Dec 11, 2024	Nuthakki ram prasad huf	Insider - Promoter	Disposal	314.39	0.44 Cr	13,915	0.46
Aug 02, 2024	N naga ratna	Insider - Promoter	Disposal	320.80	0.15 Cr	4,780	0.16
Aug 02, 2024	N naga ratna	Insider - Promoter	Disposal	305.83	1.91 Cr	62,320	2.08
Jul 31, 2024	Naga ratna nuthakki	Bulk	Sell	305.83	1.91 Cr	62,320	2.07
Sep 28, 2023	Stocktalks private limited	Bulk	Sell	153.05	0.32 Cr	21,000	0.70
Sep 27, 2023	Rajender prasad nuthakki	Insider - Promoter & Director	Acquisition	150.05	0.04 Cr	2,988	0.09
Sep 19, 2023	Rajender prasad nuthakki	Insider - Promoter & Director	Acquisition	138.90	0.09 Cr	6,611	0.22
Sep 19, 2023	Rajender prasad nuthakki	Insider - Promoter & Director	Acquisition	138.00	0.07 Cr	4,870	0.16
Aug 24, 2023	Rajender prasad nuthakki	Insider - Promoter & Director	Acquisition	116.55	0.08 Cr	7,211	0.24

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

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Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SIYARAM	60.00	131 Cr	8.98	1.03	0.00	7.67	9.94	3.44
INNOMET	98.65	128 Cr	68.51	3.09	0.00	5.02	7.10	3.57
SPRAYKING	1.85	39 Cr	4.87	0.99	0.00	19.71	15.16	8.67
KRUPALU	55.48	33 Cr	—	1.66	0.00	2.55	6.04	1.48
POOJA	29.80	30 Cr	13.75	2.04	3.35	14.83	12.26	4.46
SOUTHMG	93.75	28 Cr	72.12	2.16	0.00	2.98	4.73	2.15
NDMETAL	87.00	22 Cr	—	7.13	0.00	-1.32	1.99	-0.37

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1.38	2.56	2.88	2.65	5.95	3.93	1.74	0.81	0.22	1.66
Expenses	0.74	1.37	1.42	1.68	3.60	2.55	1.35	1.01	0.36	1.40
Operating Profit	0.64	1.19	1.46	0.97	2.35	1.38	0.39	-0.20	-0.14	0.26
OPM %	46.38	46.48	50.69	36.60	39.50	35.11	22.41	-24.69	-63.64	15.66
Other Income	0.04	0.11	0.09	0.10	0.05	0.15	0.16	0.20	0.11	0.13
Interest	0.01	0.03	0.03	0.03	0.01	0.00	0.05	0.08	0.08	0.10
Depreciation	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.01	0.01
Profit Before Tax	0.66	1.26	1.51	1.02	2.38	1.51	0.48	-0.09	-0.13	0.28
Tax %	27.27	27.78	21.85	24.51	25.21	25.17	27.08	22.22	23.08	25.00
Net Profit	0.48	0.91	1.18	0.76	1.78	1.14	0.35	-0.07	-0.10	0.21
EPS in Rs	1.58	3.02	3.95	2.55	5.93	3.80	1.16	-0.23	-0.33	0.69

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	7.25	1.62	4.42	1.59	2.01	2.34	8.57	9.47	12	6.70
Expenses	3.39	2.20	2.62	1.78	1.97	1.72	3.71	5.21	8.52	5.27
Operating Profit	3.86	-0.58	1.79	-0.19	0.04	0.62	4.86	4.26	3.91	1.43
OPM %	53.24	-35.68	40.61	-12.10	2.12	26.53	56.67	44.97	31.46	21.34
Other Income	0.07	-0.30	0.05	0.03	0.03	0.04	0.09	0.34	0.57	0.62
Interest	0.08	0.09	0.08	0.08	0.09	0.06	0.01	0.10	0.15	0.21
Depreciation	0.02	0.05	0.07	0.09	0.10	0.10	0.05	0.05	0.06	0.07
Profit Before Tax	2.90	-1.10	1.69	-0.34	-0.12	0.50	4.88	4.45	4.27	1.77
Tax %	34.63	1.57	18.93	32.86	20.69	20.65	27.72	25.12	25.16	25.42
Net Profit	1.90	-1.08	1.37	-0.23	-0.09	0.40	3.53	3.33	3.20	1.32
EPS in Rs	6.41	-3.60	4.57	-0.78	-0.31	1.34	11.77	11.10	10.66	1.29
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00
Reserves	-2.39	-0.50	-1.58	-0.21	-0.44	-0.54	-0.14	3.39	6.72	9.92
Borrowings	1.83	1.22	1.40	0.55	0.72	1.35	1.15	0.19	2.45	3.29
Other Liabilities	0.89	2.37	0.73	0.48	0.21	0.16	0.33	1.02	0.83	3.41
Total Liabilities	3.33	6.10	3.55	3.82	3.49	3.97	4.35	7.60	13	20
Fixed Assets	0.32	0.31	0.49	0.42	0.55	0.47	0.39	0.38	0.36	0.30
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	3.00	5.78	3.06	3.39	2.94	3.49	3.96	7.23	13	19
Total Assets	3.33	6.10	3.55	3.82	3.49	3.97	4.35	7.60	13	20

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.50	1.00	0.07	1.07	-0.26	0.16	0.40	1.76	-3.08	4.73
Cash from Investing Activity	0.01	0.03	-0.22	-0.09	0.15	-0.72	-0.14	0.05	0.11	-5.45
Cash from Financing Activity	-0.61	-0.69	0.09	-0.93	0.09	0.54	-0.25	-0.98	2.16	0.70
Net Cash Flow	-0.10	0.34	-0.06	0.04	-0.01	-0.03	0.01	0.83	-0.81	-0.02

Oscillators

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Overview

Detailed Summary

Southern Magnesium & Chemicals (SMCL) specializes in the manufacture of magnesium chips, turnings, granules, and powders, having transitioned from magnesium metal due to market conditions.

Incorporated in 1985, SMCL started operations with a 200 tpa pilot plant, later upgraded to 600 tpa, collaborating with Andhra Pradesh Industrial Development Corporation.

The company experienced various expansions, including the establishment of a plant in Bahrain and enhancement of reduction furnaces in 1995-96.

Despite halting magnesium metal production, SMCL diversifies into magnesium downstream products, enhancing its market adaptability.

Sector

Mining & Mineral products

Industry

Metal - Others

Market Cap

28 Cr

Volatility

Low Risk

P/E Ratio

72.1

Industry P/E

19.7

PEG Ratio

0.7

P/B Ratio

2.2

52W High

329.50

52W Low

85.55

Sales CAGR

31.26%

74.57%

50.97%

10Y

14.77%

Profit CAGR

-3.90%

99.89%

—

10Y

14.53%

ROE

TTM

2.98%

34.63%

30.16%

10Y

29.99%

ROCE

TTM

4.73%

47.37%

41.19%

10Y

41.84%