Seshasayee Paper & Boards Ltd

Seshasayee Paper & Boards Ltd

₹ 325 0.23%
24 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 2,057 Cr.
  • Current Price 325
  • High / Low 422 / 254
  • Stock P/E 6.39
  • Book Value 270
  • Dividend Yield 1.85 %
  • ROCE 37.3 %
  • ROE 27.8 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 26.5% CAGR over last 5 years
  • Debtor days have improved from 27.4 to 16.7 days.
  • Company's working capital requirements have reduced from 28.2 days to 13.6 days

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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
164 328 218 332 334 471 431 523 556 573 426 362 473
151 294 187 292 319 392 343 383 406 416 331 273 386
Operating Profit 14 34 31 40 15 79 88 140 150 157 95 89 88
OPM % 8% 10% 14% 12% 5% 17% 20% 27% 27% 27% 22% 25% 19%
3 3 4 5 3 4 5 9 9 9 13 14 11
Interest 1 1 1 1 1 1 1 1 1 1 0 0 0
Depreciation 9 10 10 10 10 11 12 12 12 10 11 11 11
Profit before tax 7 27 25 34 8 72 80 136 146 154 96 92 88
Tax % 35% -129% 26% 26% 26% 25% 26% 25% 25% 25% 25% 25% 25%
5 61 19 25 6 54 60 102 109 116 71 69 66
EPS in Rs 0.72 9.74 2.94 3.97 0.94 8.50 9.46 16.11 17.35 18.37 11.32 10.96 10.42
Raw PDF
Upcoming result date: 27 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
601 821 996 998 1,008 1,108 1,105 1,325 1,184 782 1,355 2,083 1,835
502 716 872 908 901 894 897 1,029 917 674 1,189 1,548 1,406
Operating Profit 99 106 124 89 107 214 207 296 267 108 166 534 429
OPM % 16% 13% 12% 9% 11% 19% 19% 22% 23% 14% 12% 26% 23%
5 4 5 3 4 8 14 23 23 19 17 31 47
Interest 24 44 39 37 32 23 14 14 7 3 3 3 3
Depreciation 34 49 49 29 29 31 32 34 35 38 41 45 43
Profit before tax 45 16 41 25 50 168 175 271 248 86 139 516 429
Tax % 24% -25% 35% 32% 29% 24% 30% 30% 30% -16% 26% 25%
34 21 27 17 36 128 123 190 173 100 103 387 322
EPS in Rs 6.06 3.64 4.25 2.75 5.64 20.29 19.48 30.11 27.50 15.90 16.35 61.29 51.07
Dividend Payout % 16% 22% 19% 29% 18% 10% 15% 13% 14% 15% 15% 9%
Compounded Sales Growth
10 Years: 10%
5 Years: 14%
3 Years: 21%
TTM: -7%
Compounded Profit Growth
10 Years: 34%
5 Years: 26%
3 Years: 31%
TTM: -1%
Stock Price CAGR
10 Years: 23%
5 Years: 12%
3 Years: 30%
1 Year: 19%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 16%
Last Year: 28%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 13 13 13 13 13 13 12 12 12 12 12
Reserves 299 352 372 380 408 569 689 855 974 1,090 1,194 1,564 1,693
220 434 389 328 301 171 149 97 10 8 4 0 0
279 320 320 379 390 343 406 446 418 367 400 443 431
Total Liabilities 809 1,117 1,094 1,101 1,112 1,095 1,257 1,410 1,415 1,476 1,610 2,020 2,136
450 712 666 648 625 637 673 672 675 734 815 796 784
CWIP 6 2 9 13 50 41 27 23 31 32 14 20 19
Investments 23 23 32 34 38 84 99 95 84 126 143 152 181
330 379 386 405 399 333 459 620 625 584 638 1,052 1,151
Total Assets 809 1,117 1,094 1,101 1,112 1,095 1,257 1,410 1,415 1,476 1,610 2,020 2,136

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
15 209 66 105 112 200 225 273 165 -7 276 328
-6 -317 -21 -20 -46 -38 -50 -16 -26 -53 -251 -372
-31 176 -89 -104 -65 -153 -51 -89 -124 -31 -22 -22
Net Cash Flow -22 67 -44 -20 0 9 124 168 15 -91 3 -66

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 61 44 44 45 47 35 35 22 25 38 27 17
Inventory Days 181 112 103 116 97 115 147 110 187 413 87 138
Days Payable 339 250 162 194 188 168 220 211 215 311 137 134
Cash Conversion Cycle -97 -94 -15 -33 -44 -18 -38 -79 -3 140 -23 21
Working Capital Days 53 3 36 27 24 -1 -13 -17 12 65 6 14
ROCE % 11% 9% 10% 9% 11% 26% 23% 31% 26% 8% 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.

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

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