Satia Industries Ltd

₹ 140 -2.61%
02 Dec - close price
About

Incorporated in 1980, Satia Industries Limited (SIL), is one of the biggest and completely integrated Wood and Agro based paper manufacturers. Its products are extensively used in the printing of books, directories, envelopes, diaries, calendars, computer stationery, copy manufacture annual reports, etc. [1]

Key Points

Key Clientele
Supplies to state board ~40-50% of Revenues
Open market supplies: ~50-60% of Revenues[1]
Few of Marquee clients include Bal Bharti, State Election Commission, Indian Railway, Odisha State Bureau of Textbook, Chhatttisgarh Pathya Pustak Nigam[2]

  • Market Cap 1,401 Cr.
  • Current Price 140
  • High / Low 164 / 83.2
  • Stock P/E 10.0
  • Book Value 62.6
  • Dividend Yield 0.14 %
  • ROCE 16.3 %
  • ROE 20.1 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 48.6 days to 35.5 days

Cons

  • The company has delivered a poor sales growth of 10.5% over past five years.
  • Company might be capitalizing the interest cost

* 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
204 201 179 125 148 143 173 191 187 216 297 417 459
160 155 142 97 110 119 126 141 151 177 241 347 367
Operating Profit 44 46 37 28 38 24 46 50 36 39 56 70 92
OPM % 21% 23% 21% 22% 26% 17% 27% 26% 19% 18% 19% 17% 20%
7 2 1 2 0 0 4 1 7 12 7 4 5
Interest 5 5 4 4 4 4 5 4 5 4 8 7 9
Depreciation 13 13 15 12 15 15 16 18 13 14 20 30 31
Profit before tax 32 31 19 14 19 5 30 29 25 34 35 36 57
Tax % 21% 21% 14% 14% 31% 19% 29% 25% 17% 14% 16% 17% 11%
Net Profit 25 24 16 12 13 4 21 22 20 29 30 30 51
EPS in Rs 2.50 2.43 1.60 1.16 1.33 0.37 2.09 2.19 2.03 2.89 2.96 3.02 5.08
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
320 238 278 381 392 433 540 631 738 809 587 891 1,390
296 213 237 320 327 380 449 509 574 634 451 709 1,132
Operating Profit 24 25 41 61 65 54 91 122 164 175 136 181 258
OPM % 8% 11% 15% 16% 17% 12% 17% 19% 22% 22% 23% 20% 19%
5 3 3 -9 4 15 21 30 14 15 7 26 27
Interest 13 14 15 16 16 25 24 24 21 20 18 21 28
Depreciation 9 9 10 27 53 33 40 45 48 55 58 64 94
Profit before tax 7 5 19 11 -0 10 48 83 110 115 67 123 163
Tax % 30% 20% 27% -28% 39,300% -30% 4% 18% 20% 20% 26% 18%
Net Profit 5 4 14 14 8 13 46 69 88 92 50 101 140
EPS in Rs 0.52 0.40 1.39 1.35 0.78 1.31 4.56 6.87 8.78 9.18 4.96 10.07 13.95
Dividend Payout % -0% -0% -0% -0% 13% -0% 4% 4% 3% 2% 2% 2%
Compounded Sales Growth
10 Years: 14%
5 Years: 11%
3 Years: 6%
TTM: 100%
Compounded Profit Growth
10 Years: 38%
5 Years: 17%
3 Years: 4%
TTM: 109%
Stock Price CAGR
10 Years: %
5 Years: 60%
3 Years: 17%
1 Year: 59%
Return on Equity
10 Years: 22%
5 Years: 23%
3 Years: 19%
Last Year: 20%

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
10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 43 47 61 75 81 94 148 213 298 385 435 535 616
85 95 82 176 267 310 204 201 206 272 345 404 322
116 115 122 57 49 45 133 159 147 178 211 288 385
Total Liabilities 254 267 276 318 407 460 496 582 660 845 1,001 1,237 1,334
126 123 163 156 204 250 291 312 383 371 432 802 780
CWIP 17 38 6 33 45 23 10 30 56 215 318 87 138
Investments 6 7 11 11 7 7 3 3 3 3 4 7 7
105 99 95 117 151 180 192 237 218 256 248 340 408
Total Assets 254 267 276 318 407 460 496 582 660 845 1,001 1,237 1,334

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
24 27 38 40 43 112 120 167 150 154 160
-15 -27 -22 -114 -60 -60 -84 -145 -206 -224 -206
-10 -0 -15 75 17 -53 -34 -23 57 69 46
Net Cash Flow -0 0 1 1 -1 0 1 -1 1 -1 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 45 66 61 71 70 82 71 68 52 60 56 44
Inventory Days 57 144 82 59 106 99 43 83 77 55 147 134
Days Payable 78 147 72 57 64 47 45 70 58 55 80 101
Cash Conversion Cycle 24 63 71 73 112 134 68 81 71 60 123 77
Working Capital Days 62 83 78 57 81 87 63 64 51 46 64 35
ROCE % 13% 13% 23% 18% 6% 7% 18% 27% 28% 23% 12% 16%

Shareholding Pattern

Numbers in percentages

1 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
51.68 51.68 51.68 51.68 51.75 51.79 51.79 51.79 51.79 51.79 51.79 51.79
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.19 0.12 0.28
0.00 0.00 0.00 0.00 0.00 0.00 0.23 0.00 0.00 0.00 0.00 0.00
48.32 48.32 48.32 48.32 48.25 48.21 47.99 48.21 48.16 48.02 48.10 47.92

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

Documents

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