Southern Magnesium
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Southern Magnesium and Chemicals has received a GST demand notice of ₹30.32 lakh from the Deputy Assistant Commissioner (ST), Special Circle, Rajamahendravaram Division, for alleged short payment of output tax between April 2025 and February 2026. The notice was issued under Section 74A(9)(i) of the CGST/AP GST Act 2017 and was downloaded by the company on June 12, 2026. The company said it believes it has a strong case on the merits and does not expect any financial impact from the demand. The disclosure was made to the stock exchange under Regulation 30 of SEBI LODR regulations.
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Southern Magnesium and Chemicals has received a GST demand notice of ₹30.32 lakh from the Deputy Assistant Commissioner (ST), Special Circle, Rajamahendravaram Division, for alleged short payment of output tax between April 2025 and February 2026. The notice was issued under Section 74A(9)(i) of the CGST/AP GST Act 2017 and was downloaded by the company on June 12, 2026. The company said it believes it has a strong case on the merits and does not expect any financial impact from the demand. The disclosure was made to the stock exchange under Regulation 30 of SEBI LODR regulations.
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What does Southern Magnesium do?
Established in 1985, Southern Magnesium & Chemicals Ltd manufactures magnesium metal, granules, powder, alloy, and extrusions at their project in Andhra Pradesh.
Who are the competitors of Southern Magnesium?
Southern Magnesium major competitors are ND Metal Inds., Poojawestern Metalik, Precision Metaliks, B.C. Power Controls, Sagardeep Alloys, Starlit Power System, Bonlon Industries. Market Cap of Southern Magnesium is ₹22 Crs. While the median market cap of its peers are ₹19 Crs.
Is Southern Magnesium financially stable compared to its competitors?
Southern Magnesium seems to be less financially stable compared to its competitors. Altman Z score of Southern Magnesium is 3.92 and is ranked 4 out of its 8 competitors.
Does Southern Magnesium pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Southern Magnesium latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Southern Magnesium allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Inventory
How strong is Southern Magnesium balance sheet?
Balance sheet of Southern Magnesium is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Southern Magnesium improving?
No, profit is decreasing. The profit of Southern Magnesium is ₹3.2 Crs for Mar 2025, ₹3.33 Crs for Mar 2024 and ₹3.53 Crs for Mar 2023
Is the debt of Southern Magnesium increasing or decreasing?
Yes, The net debt of Southern Magnesium is increasing. Latest net debt of Southern Magnesium is ₹1.6 Crs as of Mar-26. This is greater than Mar-25 when it was -₹8.98 Crs.
Is Southern Magnesium stock expensive?
Yes, Southern Magnesium is expensive. Latest PE of Southern Magnesium is 171, while 3 year average PE is 25.98. Also latest EV/EBITDA of Southern Magnesium is 1388 while 3yr average is 87.91.
Has the share price of Southern Magnesium grown faster than its competition?
Southern Magnesium has given better returns compared to its competitors. Southern Magnesium has grown at ~31.79% over the last 4yrs while peers have grown at a median rate of -17.61%
Is the promoter bullish about Southern Magnesium?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Southern Magnesium is 50.94% and last quarter promoter holding is 50.94%.
Are mutual funds buying/selling Southern Magnesium?
There is Insufficient data to gauge this.