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Southern Magnesium and Chemicals Ltd

SOUTHMG

Southern Magnesium and Chemicals Ltd

SOUTHMG
MaterialsMining - Manganese
SmallcapWith a market cap of ₹84 cr, stock is ranked 3,118
High RiskStock is 3.68x as volatile as Nifty
281.903.41% (+9.30)
281.903.41% (+9.30)

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MaterialsMining - Manganese
SmallcapWith a market cap of ₹84 cr, stock is ranked 3,118
High RiskStock is 3.68x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

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MaterialsMining - Manganese
SmallcapWith a market cap of ₹84 cr, stock is ranked 3,118
High RiskStock is 3.68x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
17.378.71
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
29.463.341.38%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Southern Magnesium and Chemicals is engaged in business of producing magnesium and allied products.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 17.02%, vs industry avg of -0.91%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.27% to 0.29%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 19.44%, vs industry avg of -9.02%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue3.256.391.584.471.622.042.388.669.8115.82
Raw Materialssubtract2.073.210.780.660.610.790.742.254.619.25
Power & Fuel Costsubtract0.020.030.030.030.030.040.030.040.04
Employee Costsubtract0.460.710.510.580.750.720.700.780.94
Selling & Administrative Expensessubtract0.130.180.250.460.310.180.120.460.41
Operating & Other expensessubtract-0.99-0.740.960.900.080.240.130.19-0.79
Depreciation/Amortizationsubtract0.020.020.050.070.090.100.100.050.050.07
Interest & Other Itemssubtract0.090.080.090.080.080.090.060.010.100.07
Taxes & Other Itemssubtract0.501.01-0.020.32-0.12-0.020.111.361.121.56
EPS3.176.30-3.574.57-0.70-0.331.3011.7311.1016.23
DPS0.000.000.000.000.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
MaterialsMining - Manganese

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Southern Magnesium and Chemicals Ltd25.418.71
Sandur Manganese and Iron Ores Ltd28.593.172.37%
Moil Ltd20.472.452.05%
Nagpur Power and Industries Ltd-302.032.00

Price Comparison

Compare SOUTHMG with any stock or ETF
Compare SOUTHMG with any stock or ETF
SOUTHMG
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 2.24%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Increased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has increased by 1.92%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding51.92%0.00%0.00%0.00%48.08%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.00%0.00%0.00%0.00%0.00%0.00%

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

SOUTHMG has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Dividends

Hmm, looks like data is unavailable here. Please come back after some time
News & Opinions
Earnings
Southern Magnesium & Chemicals standalone net profit rises 25.27% in the September 2024 quarter

Net profit of Southern Magnesium & Chemicals rose 25.27% to Rs 1.14 crore in the quarter ended September 2024 as against Rs 0.91 crore during the previous quarter ended September 2023. Sales rose 53.52% to Rs 3.93 crore in the quarter ended September 2024 as against Rs 2.56 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3.932.56 54 OPM %35.3746.48 - PBDT1.541.27 21 PBT1.521.26 21 NP1.140.91 25 Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Southern Magnesium & Chemicals to hold board meeting

Southern Magnesium & Chemicals will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Southern Magnesium & Chemicals to announce Quarterly Result

Southern Magnesium & Chemicals will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Southern Magnesium & Chemicals schedules AGM

Southern Magnesium & Chemicals announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live

Southern Magnesium & Chemicals standalone net profit rises 270.83% in the June 2024 quarter

3 months agoBusiness Standard
Earnings
Southern Magnesium & Chemicals standalone net profit rises 270.83% in the June 2024 quarter

Net profit of Southern Magnesium & Chemicals rose 270.83% to Rs 1.78 crore in the quarter ended June 2024 as against Rs 0.48 crore during the previous quarter ended June 2023. Sales rose 331.16% to Rs 5.95 crore in the quarter ended June 2024 as against Rs 1.38 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales5.951.38 331 OPM %39.6646.38 - PBDT2.400.67 258 PBT2.380.66 261 NP1.780.48 271 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Southern Magnesium & Chemicals schedules board meeting

Southern Magnesium & Chemicals will hold a meeting of the Board of Directors of the Company on 26 July 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live

Southern Magnesium & Chemicals reports standalone net loss of Rs 0.19 crore in the September 2021 quarter

3 years agoBusiness Standard

Southern Magnesium & Chemicals reports standalone net profit of Rs 0.16 crore in the June 2021 quarter

3 years agoBusiness Standard

Southern Magnesium & Chemicals reports standalone net profit of Rs 0.13 crore in the March 2021 quarter

3 years agoBusiness Standard