Sangal Papers Ltd

₹ 179 4.99%
05 Dec - close price
About

Sangal Papers Ltd is engaged in business of manufacture of newsprint, writing & printing paper and other various special paper for domestic and export markets.[1]

Key Points

Product Portfolio
The company's product portfolio includes paper products such as ribbed papers, envelope papers, packing & lamination, Scrapbook/ craft, MG color papers, Writing & printing papers, stationary and newsprint papers. All of its products are manufactured from 100% recycled grade paper.[1]

  • Market Cap 23.4 Cr.
  • Current Price 179
  • High / Low 297 / 68.5
  • Stock P/E 6.75
  • Book Value 292
  • Dividend Yield 0.00 %
  • ROCE 6.99 %
  • ROE 4.72 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.61 times its book value
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 8.26% over past five years.
  • Promoter holding is low: 39.5%
  • Company has a low return on equity of 4.01% 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.

Peer comparison

Sector: Paper Industry: Paper

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
29.44 31.97 27.52 16.55 22.97 31.94 34.44 39.18 37.49 39.71 38.62 52.12 55.38
29.00 29.84 26.94 17.10 21.15 30.73 33.69 37.37 37.28 38.78 37.12 49.22 54.24
Operating Profit 0.44 2.13 0.58 -0.55 1.82 1.21 0.75 1.81 0.21 0.93 1.50 2.90 1.14
OPM % 1.49% 6.66% 2.11% -3.32% 7.92% 3.79% 2.18% 4.62% 0.56% 2.34% 3.88% 5.56% 2.06%
0.09 0.16 0.53 0.07 0.04 0.03 0.33 0.14 0.09 0.08 0.34 0.48 0.53
Interest 0.51 0.53 0.47 0.42 0.37 0.41 0.37 0.38 0.38 0.38 0.41 0.39 0.43
Depreciation 0.28 0.36 0.32 0.34 0.34 0.34 0.35 0.36 0.37 0.32 0.38 0.38 0.36
Profit before tax -0.26 1.40 0.32 -1.24 1.15 0.49 0.36 1.21 -0.45 0.31 1.05 2.61 0.88
Tax % -42.31% 7.14% -46.88% 0.00% 0.87% 12.24% 11.11% 11.57% -8.89% 35.48% 19.05% 29.12% 36.36%
Net Profit -0.37 1.31 0.46 -1.24 1.15 0.42 0.32 1.08 -0.49 0.21 0.85 1.86 0.55
EPS in Rs -2.83 10.02 3.52 -9.49 8.80 3.21 2.45 8.26 -3.75 1.61 6.50 14.23 4.21
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
70 82 91 100 93 94 104 120 148 125 106 155 186
64 76 85 93 87 88 99 114 139 121 102 150 179
Operating Profit 6 6 6 7 5 6 5 6 9 5 3 5 6
OPM % 8% 7% 7% 7% 6% 6% 5% 5% 6% 4% 3% 3% 3%
0 0 0 -0 0 0 0 1 1 1 0 1 1
Interest 2 3 3 3 2 2 2 2 2 2 2 2 2
Depreciation 1 2 2 2 1 1 1 1 1 1 1 1 1
Profit before tax 2 2 2 2 2 2 3 4 7 2 1 2 5
Tax % 40% 19% 33% 25% 41% 33% 35% 28% 16% 5% 14% 22%
Net Profit 1 1 1 2 1 2 2 3 6 2 1 2 3
EPS in Rs 9.18 11.17 9.87 12.01 10.86 12.70 13.08 19.89 46.97 13.77 4.97 12.54 26.55
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 2%
TTM: 30%
Compounded Profit Growth
10 Years: 1%
5 Years: -1%
3 Years: -36%
TTM: 161%
Stock Price CAGR
10 Years: 21%
5 Years: 12%
3 Years: 42%
1 Year: 63%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 4%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
1 1 1 1 1 1 1 1 1 1 1 1 1
Reserves 13 14 15 17 18 20 21 24 30 32 33 34 37
21 25 25 23 24 22 18 20 18 20 19 19 24
13 15 18 14 15 14 12 18 19 15 18 19 29
Total Liabilities 48 55 59 54 58 57 53 63 68 69 71 74 92
18 18 17 18 20 21 21 25 28 30 32 30 34
CWIP 0 0 0 0 0 0 2 0 0 0 0 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
30 37 42 37 38 35 31 38 40 39 39 44 56
Total Assets 48 55 59 54 58 57 53 63 68 69 71 74 92

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
6 -7 2 4 1 4 9 2 8 3 7 1
-1 -1 -2 -1 -3 -2 -2 0 -5 -2 -3 -0
-1 4 0 -2 1 -2 -6 -0 -3 -0 -3 -1
Net Cash Flow 3 -3 1 0 -2 0 0 2 0 -0 -0 0

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 63 71 79 60 77 78 64 66 55 66 84 58
Inventory Days 81 142 141 119 111 86 56 74 69 72 86 66
Days Payable 64 80 104 61 72 55 31 58 55 48 78 52
Cash Conversion Cycle 80 133 116 118 116 109 89 83 69 91 93 72
Working Capital Days 67 99 90 81 97 92 72 70 57 74 84 63
ROCE % 13% 12% 12% 13% 12% 12% 11% 12% 20% 8% 5% 7%

Shareholding Pattern

Numbers in percentages

5 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
39.40 39.43 39.47 39.47 39.47 39.47 39.47 39.47 39.48 39.48 39.48 39.48
60.60 60.57 60.53 60.53 60.53 60.53 60.53 60.53 60.52 60.52 60.52 60.52

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