Seshasayee Paper & Boards Ltd

₹ 235 2.22%

19 May - 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
The Company is engaged in the business of manufacturing and sale of paper and paper boards under Sprint, SPD, Color Sprint, and Success brands. ^[1] ^[2]

Website BSE NSE

Market Cap ₹ 1,482 Cr.
Current Price ₹ 235
High / Low ₹ 324 / 212
Stock P/E 21.9
Book Value ₹ 309
Dividend Yield 0.85 %
ROCE 5.09 %
ROE 3.51 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.76 times its book value

Cons

Company has a low return on equity of 7.83% over last 3 years.
Earnings include an other income of Rs.49.5 Cr.
Dividend payout has been low at 14.6% of profits over last 3 years
Debtor days have increased from 31.8 to 40.5 days.

* 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

Commodities Forest Materials Paper, Forest & Jute Products Paper & Paper Products

Part of BSE Commodities BSE 1000

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	573	426	362	473	539	422	398	431	502	385	346	387	592
	416	331	273	386	472	374	368	424	477	364	320	362	568
Operating Profit	157	95	89	88	68	48	31	8	25	21	26	25	24
OPM %	27%	22%	25%	19%	13%	11%	8%	2%	5%	6%	8%	6%	4%
	9	13	14	11	13	16	15	21	18	14	13	10	12
Interest	1	0	0	0	1	1	1	2	4	1	4	3	1
Depreciation	10	11	11	11	11	11	11	11	11	12	11	11	11
Profit before tax	154	96	92	88	70	51	33	15	28	23	24	21	23
Tax %	25%	25%	25%	25%	24%	25%	26%	-5%	8%	26%	26%	26%	26%
	116	71	69	66	53	38	25	16	26	17	18	16	17
EPS in Rs	18.37	11.32	10.96	10.42	8.43	6.08	3.93	2.51	4.06	2.71	2.82	2.46	2.76
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	998	1,008	1,108	1,105	1,325	1,184	782	1,355	2,083	1,802	1,754	1,710
	908	901	894	897	1,029	917	674	1,189	1,548	1,462	1,643	1,614
Operating Profit	89	107	214	207	296	267	108	166	534	340	111	96
OPM %	9%	11%	19%	19%	22%	23%	14%	12%	26%	19%	6%	6%
	3	4	8	14	23	23	19	17	31	51	70	49
Interest	37	32	23	14	14	7	3	3	3	2	8	9
Depreciation	29	29	31	32	34	35	38	41	45	44	45	45
Profit before tax	25	50	168	175	271	248	86	139	516	345	128	92
Tax %	32%	29%	24%	30%	30%	30%	-16%	26%	25%	25%	18%	26%
	17	36	128	123	190	173	100	103	387	259	105	68
EPS in Rs	2.75	5.64	20.29	19.48	30.11	27.50	15.90	16.35	61.29	41.13	16.58	10.75
Dividend Payout %	29%	18%	10%	15%	13%	14%	15%	15%	9%	12%	14%	18%

Compounded Sales Growth
10 Years:	5%
5 Years:	17%
3 Years:	-6%
TTM:	-3%

Compounded Profit Growth
10 Years:	7%
5 Years:	-8%
3 Years:	-44%
TTM:	-35%

Stock Price CAGR
10 Years:	17%
5 Years:	8%
3 Years:	-5%
1 Year:	-15%

Return on Equity
10 Years:	14%
5 Years:	11%
3 Years:	8%
Last Year:	4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	13	13	13	13	13	12	12	12	12	12	12	12
Reserves	380	408	569	689	855	974	1,090	1,194	1,564	1,825	1,900	1,938
	328	301	171	149	97	10	8	4	0	21	82	0
	379	390	343	406	446	418	367	400	443	459	451	460
Total Liabilities	1,101	1,112	1,095	1,257	1,410	1,415	1,476	1,610	2,020	2,317	2,445	2,410
	648	625	637	673	672	675	734	815	796	776	756	745
CWIP	13	50	41	27	23	31	32	14	20	35	71	93
Investments	34	38	84	99	95	84	126	143	152	189	215	228
	405	399	333	459	620	625	584	638	1,052	1,318	1,402	1,344
Total Assets	1,101	1,112	1,095	1,257	1,410	1,415	1,476	1,610	2,020	2,317	2,445	2,410

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	105	112	200	225	273	165	-7	276	328	202	-61	92
	-20	-46	-38	-50	-16	-26	-53	-251	-372	-225	42	6
	-104	-65	-153	-51	-89	-124	-31	-22	-22	-19	23	-103
Net Cash Flow	-20	0	9	124	168	15	-91	3	-66	-42	5	-5
Free Cash Flow	86	69	168	172	243	119	-108	171	297	166	-123	37
CFO/OP	119%	104%	103%	125%	112%	79%	9%	184%	86%	88%	-37%	125%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	45	47	35	35	22	25	38	27	17	24	31	41
Inventory Days	116	97	115	147	110	187	413	87	138	170	165	115
Days Payable	194	188	168	220	211	215	311	137	134	153	115	76
Cash Conversion Cycle	-33	-44	-18	-38	-79	-3	140	-23	21	41	81	79
Working Capital Days	-19	-11	-1	-13	-17	12	65	5	14	26	43	58
ROCE %	9%	11%	26%	23%	31%	26%	8%	12%	37%	20%	7%	5%

Insights

In beta

Mar 2015

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Mar 2020

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Mar 2022

Mar 2023

Mar 2024

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Export Sales Volume
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Production Volume - Total
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Sales Volume - Total
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Installed Capacity - Total
MTPA

Capacity Utilization - Overall
%

Number of Appointed Indentors (Dealers)
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	42.78%	42.78%	42.78%	42.78%	42.78%	42.78%	42.81%	42.90%	42.90%	42.90%	43.03%	43.11%
	12.86%	12.86%	12.98%	12.97%	13.01%	13.11%	13.05%	13.06%	13.03%	13.02%	12.99%	12.94%
	0.21%	0.03%	0.02%	0.02%	0.06%	0.08%	0.08%	0.10%	0.10%	0.10%	0.10%	0.10%
	14.27%	14.27%	14.27%	14.27%	14.27%	14.27%	14.27%	14.27%	14.27%	14.27%	14.27%	14.27%
	29.87%	30.05%	29.96%	29.96%	29.88%	29.77%	29.78%	29.68%	29.70%	29.69%	29.61%	29.59%
No. of Shareholders	22,296	25,683	26,436	25,875	25,729	23,430	23,316	22,471	22,199	22,234	21,661	22,282

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	42.65%	42.65%	42.65%	42.65%	42.65%	42.80%	42.78%	42.78%	42.90%	43.11%
	7.06%	1.51%	1.65%	7.99%	10.82%	10.71%	12.73%	12.97%	13.06%	12.94%
	3.74%	3.74%	3.45%	2.55%	0.03%	0.24%	0.21%	0.02%	0.10%	0.10%
	14.27%	14.27%	14.27%	14.27%	14.27%	14.27%	14.27%	14.27%	14.27%	14.27%
	32.28%	37.82%	37.98%	32.53%	32.23%	31.98%	29.99%	29.96%	29.68%	29.59%
No. of Shareholders	12,996	11,667	12,279	13,830	15,452	18,592	20,467	25,875	22,471	22,282

* 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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Seshasayee Paper & Boards Ltd

Seshasayee Paper & Boards Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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