Seshasayee Paper & Boards Ltd

Seshasayee Paper & Boards Ltd

₹ 348 5.78%
26 Apr - close price
About

Seshasayee Paper & Boards is engaged in the business of manufacture and sale of printing and writing paper.

SPBL is the flagship company of SPB-ESVIN Group headquarted at Chennai. The company was incorporated in the year 1960, Seshasayee Paper has six decades of experience in the Indian paper industry.

Key Points

Products & Brands
SPBL manufactures a variety of papers such as printing and writing (P&W) grade papers (WPP), packing and wrapping grade papers, specialty grade papers, etc. It markets paper products in the domestic market under the brand name Sprint, Sprint Plus, Swift, and Success, which are among the leading brands in Southern India. [1]

  • Market Cap 2,192 Cr.
  • Current Price 348
  • High / Low 422 / 254
  • Stock P/E 8.09
  • Book Value 303
  • Dividend Yield 1.73 %
  • ROCE 20.1 %
  • ROE 15.3 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Stock is trading at 1.15 times its book value

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Paper Industry: Paper

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
328 218 332 334 471 431 523 556 573 427 362 473 539
294 187 292 319 392 343 383 406 416 331 273 386 472
Operating Profit 34 31 40 15 79 88 140 150 157 95 89 88 68
OPM % 10% 14% 12% 5% 17% 20% 27% 27% 27% 22% 25% 19% 13%
5 6 7 3 7 5 13 11 10 13 18 15 17
Interest 1 1 1 1 1 1 1 1 1 0 0 0 1
Depreciation 10 10 10 10 11 12 12 12 10 11 11 11 11
Profit before tax 29 26 36 8 75 81 141 148 156 96 96 91 74
Tax % -119% 25% 24% 25% 24% 25% 24% 25% 24% 25% 24% 24% 23%
64 20 27 6 57 60 106 112 118 72 73 69 57
EPS in Rs 10.09 3.15 4.36 0.96 8.98 9.56 16.85 17.69 18.66 11.38 11.61 10.94 9.01
Raw PDF
Upcoming result date: today

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
820 998 1,008 1,108 1,105 1,326 1,184 782 1,355 2,083 1,802
716 908 901 894 898 1,030 917 675 1,189 1,549 1,462
Operating Profit 105 90 107 214 207 296 267 108 166 534 340
OPM % 13% 9% 11% 19% 19% 22% 23% 14% 12% 26% 19%
5 3 4 12 15 25 31 26 24 40 63
Interest 44 37 32 23 14 14 7 3 3 3 2
Depreciation 49 29 29 31 32 34 35 38 41 45 44
Profit before tax 16 26 50 172 176 273 256 93 146 525 357
Tax % -25% 32% 29% 23% 30% 30% 29% -15% 24% 25% 24%
20 16 36 132 123 192 182 106 110 396 271
EPS in Rs 3.64 2.61 5.71 20.97 19.54 30.44 28.79 16.87 17.44 62.76 42.93
Dividend Payout % 25% 31% 17% 10% 15% 13% 13% 14% 14% 9% 11%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 32%
TTM: -13%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: 37%
TTM: -32%
Stock Price CAGR
10 Years: 24%
5 Years: 13%
3 Years: 32%
1 Year: 24%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 18%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11 13 13 13 13 13 12 12 12 12 12
Reserves 352 401 430 592 713 881 1,007 1,131 1,243 1,623 1,899
434 329 302 171 149 97 10 8 4 0 21
320 380 391 343 406 446 419 367 400 443 459
Total Liabilities 1,118 1,123 1,135 1,118 1,281 1,436 1,448 1,518 1,660 2,079 2,391
726 661 638 650 686 685 688 747 828 809 789
CWIP 2 13 50 41 27 23 31 32 14 20 35
Investments 11 43 47 93 108 107 103 152 178 197 248
379 405 399 335 460 621 626 585 640 1,054 1,319
Total Assets 1,118 1,123 1,135 1,118 1,281 1,436 1,448 1,518 1,660 2,079 2,391

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
209 105 112 200 225 273 165 -7 276 329
-317 -20 -46 -36 -50 -16 -26 -54 -251 -372
176 -104 -66 -154 -51 -89 -124 -31 -22 -22
Net Cash Flow 68 -20 0 10 124 168 15 -91 3 -66

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 44 45 47 35 35 22 25 38 27 17 24
Inventory Days 112 116 97 115 147 110 187 413 87 138 109
Days Payable 251 194 188 168 220 211 215 311 137 134 98
Cash Conversion Cycle -95 -33 -44 -18 -38 -79 -3 140 -23 21 35
Working Capital Days 3 27 24 -1 -13 -17 12 65 6 14 30
ROCE % 11% 26% 22% 31% 26% 9% 12% 37%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
42.65% 42.65% 42.65% 42.80% 42.78% 42.78% 42.78% 42.78% 42.78% 42.78% 42.78% 42.78%
10.95% 10.95% 10.96% 10.71% 10.98% 12.04% 12.73% 12.73% 12.86% 12.86% 12.98% 12.97%
0.03% 0.24% 0.24% 0.24% 0.22% 0.21% 0.21% 0.21% 0.21% 0.03% 0.02% 0.02%
14.27% 14.27% 14.27% 14.27% 14.27% 14.27% 14.27% 14.27% 14.27% 14.27% 14.27% 14.27%
32.10% 31.89% 31.88% 31.98% 31.75% 30.69% 30.00% 29.99% 29.87% 30.05% 29.95% 29.96%
No. of Shareholders 15,97617,31117,76418,59218,48219,46520,89720,46722,29625,68326,43625,875

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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