Sangal Papers Ltd

Sangal Papers Ltd

₹ 160 -3.61%
16 Jun 11:36 a.m.
About

Incorporated in 1980, Sangal Papers Ltd is engaged in the manufacturing of paper.[1]

Key Points

Business Overview:[1][2]
SPL is a manufacturer and supplier of Newsprint paper, Writing & Printing Papers, Kraft, and other various speciality paper for domestic and international markets.

  • Market Cap 21.0 Cr.
  • Current Price 160
  • High / Low 285 / 143
  • Stock P/E 8.86
  • Book Value 357
  • Dividend Yield 0.00 %
  • ROCE 7.37 %
  • ROE 5.20 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.47 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 11.1% over past five years.
  • Promoter holding is low: 39.5%
  • Company has a low return on equity of 6.11% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 38.8% of their holding.

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
59.76 49.57 46.52 45.56 48.68 42.61 51.19 39.66 46.81 47.57 48.35 46.70 36.72
58.28 47.41 46.35 43.11 46.74 40.72 47.87 38.57 45.30 45.59 47.20 45.34 34.54
Operating Profit 1.48 2.16 0.17 2.45 1.94 1.89 3.32 1.09 1.51 1.98 1.15 1.36 2.18
OPM % 2.48% 4.36% 0.37% 5.38% 3.99% 4.44% 6.49% 2.75% 3.23% 4.16% 2.38% 2.91% 5.94%
0.43 0.15 0.22 0.16 0.47 0.13 0.20 0.10 0.21 0.15 0.32 0.15 0.23
Interest 0.60 0.60 0.63 0.65 0.66 0.62 0.65 0.67 0.59 0.56 0.56 0.54 0.54
Depreciation 0.49 0.44 0.44 0.44 0.39 0.48 0.51 0.44 0.49 0.48 0.49 0.49 0.55
Profit before tax 0.82 1.27 -0.68 1.52 1.36 0.92 2.36 0.08 0.64 1.09 0.42 0.48 1.32
Tax % 24.39% 28.35% -33.82% 24.34% 36.76% 28.26% 34.32% -112.50% 32.81% 26.61% 26.19% 27.08% 31.06%
0.62 0.91 -0.45 1.15 0.86 0.67 1.56 0.17 0.43 0.80 0.30 0.35 0.92
EPS in Rs 4.74 6.96 -3.44 8.80 6.58 5.13 11.93 1.30 3.29 6.12 2.29 2.68 7.04
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
93 94 104 120 148 125 106 155 226 190 180 179
87 88 99 114 139 121 102 150 219 184 172 173
Operating Profit 5 6 5 6 9 5 3 5 7 7 8 7
OPM % 6% 6% 5% 5% 6% 4% 3% 3% 3% 4% 5% 4%
0 0 0 1 1 1 0 1 2 1 0 1
Interest 2 2 2 2 2 2 2 2 2 3 3 2
Depreciation 1 1 1 1 1 1 1 1 2 2 2 2
Profit before tax 2 2 3 4 7 2 1 2 5 3 4 3
Tax % 41% 33% 35% 28% 16% 5% 14% 22% 29% 29% 30% 29%
1 2 2 3 6 2 1 2 3 2 3 2
EPS in Rs 10.86 12.70 13.08 19.89 46.97 13.77 4.97 12.54 25.93 18.89 21.65 18.13
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 11%
3 Years: -7%
TTM: 0%
Compounded Profit Growth
10 Years: 3%
5 Years: 30%
3 Years: -11%
TTM: -22%
Stock Price CAGR
10 Years: 14%
5 Years: 15%
3 Years: 4%
1 Year: -7%
Return on Equity
10 Years: 8%
5 Years: 6%
3 Years: 6%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 1 1 1 1 1 1 1 1 1 1 1 1
Reserves 18 20 21 24 30 32 33 34 38 40 43 45
24 22 18 20 18 20 19 19 25 26 27 31
15 14 12 18 19 15 18 19 26 22 21 21
Total Liabilities 58 57 53 63 68 69 71 74 90 90 92 99
20 21 21 25 28 30 32 30 36 35 40 49
CWIP 0 0 2 0 0 0 0 0 0 3 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
38 35 31 38 40 39 39 44 54 52 53 50
Total Assets 58 57 53 63 68 69 71 74 90 90 92 99

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1 4 9 2 8 3 7 1 4 4 6 11
-3 -2 -2 0 -5 -2 -3 -0 -8 -3 -4 -12
1 -2 -6 -0 -3 -0 -3 -1 4 -1 -2 2
Net Cash Flow -2 0 0 2 0 -0 -0 0 1 0 -0 1
Free Cash Flow -3 2 7 2 3 -0 3 0 -4 1 1 -1
CFO/OP 24% 82% 181% 57% 102% 67% 204% 34% 80% 75% 80% 164%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 77 78 64 66 55 66 84 58 46 48 55 49
Inventory Days 111 86 56 74 69 72 86 66 58 78 84 52
Days Payable 72 55 31 58 55 48 78 52 48 47 45 26
Cash Conversion Cycle 116 109 89 83 69 91 93 72 57 79 93 76
Working Capital Days 36 35 33 29 33 37 45 38 25 31 38 29
ROCE % 12% 12% 11% 12% 20% 8% 5% 7% 12% 9% 10% 7%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Installed Capacity
MT per annum

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Actual Production
MT
Sales Volume
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
39.48% 39.48% 39.48% 39.48% 39.48% 39.48% 39.48% 39.48% 39.48% 39.48% 39.48% 39.48%
60.52% 60.52% 60.53% 60.53% 60.52% 60.52% 60.52% 60.52% 60.51% 60.51% 60.51% 60.51%
No. of Shareholders 8,2748,2528,2068,1288,0208,0158,0247,9977,9947,9647,9517,925

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