Seshasayee Paper & Boards Ltd
Seshasayee Paper & Boards is engaged in 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.
- Market Cap ₹ 1,249 Cr.
- Current Price ₹ 198
- High / Low ₹ 239 / 134
- Stock P/E 12.1
- Book Value ₹ 191
- Dividend Yield 1.26 %
- ROCE 12.1 %
- ROE 8.89 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.04 times its book value
- Company is expected to give good quarter
Cons
- The company has delivered a poor sales growth of 4.11% over past five years.
- Company has a low return on equity of 11.97% for last 3 years.
- Dividend payout has been low at 14.50% of profits over last 3 years
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
562 | 601 | 821 | 996 | 998 | 1,008 | 1,108 | 1,105 | 1,325 | 1,184 | 782 | 1,355 | |
452 | 502 | 716 | 872 | 908 | 901 | 894 | 897 | 1,029 | 917 | 674 | 1,189 | |
Operating Profit | 110 | 99 | 106 | 124 | 89 | 107 | 214 | 207 | 296 | 267 | 108 | 166 |
OPM % | 20% | 16% | 13% | 12% | 9% | 11% | 19% | 19% | 22% | 23% | 14% | 12% |
6 | 5 | 4 | 5 | 3 | 4 | 8 | 14 | 23 | 23 | 19 | 17 | |
Interest | 22 | 24 | 44 | 39 | 37 | 32 | 23 | 14 | 14 | 7 | 3 | 3 |
Depreciation | 34 | 34 | 49 | 49 | 29 | 29 | 31 | 32 | 34 | 35 | 38 | 41 |
Profit before tax | 61 | 45 | 16 | 41 | 25 | 50 | 168 | 175 | 271 | 248 | 86 | 139 |
Tax % | -7% | 24% | -25% | 35% | 32% | 29% | 24% | 30% | 30% | 30% | -16% | 26% |
Net Profit | 65 | 34 | 21 | 27 | 17 | 36 | 128 | 123 | 190 | 173 | 100 | 103 |
EPS in Rs | 11.55 | 6.06 | 3.64 | 4.25 | 2.75 | 5.64 | 20.29 | 19.48 | 30.11 | 27.50 | 15.90 | 16.35 |
Dividend Payout % | 9% | 16% | 22% | 19% | 29% | 18% | 10% | 15% | 13% | 14% | 15% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 4% |
3 Years: | 1% |
TTM: | 73% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | -4% |
3 Years: | -18% |
TTM: | 3% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 6% |
3 Years: | 0% |
1 Year: | 3% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 15% |
3 Years: | 12% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
11 | 11 | 11 | 13 | 13 | 13 | 13 | 13 | 13 | 12 | 12 | 12 | |
Reserves | 272 | 299 | 351 | 372 | 380 | 408 | 569 | 689 | 855 | 986 | 1,101 | 1,194 |
398 | 220 | 434 | 389 | 328 | 301 | 171 | 149 | 97 | 10 | 8 | 4 | |
193 | 279 | 321 | 320 | 379 | 390 | 343 | 406 | 446 | 406 | 354 | 400 | |
Total Liabilities | 874 | 809 | 1,117 | 1,094 | 1,101 | 1,112 | 1,095 | 1,257 | 1,410 | 1,415 | 1,476 | 1,610 |
475 | 450 | 712 | 666 | 648 | 625 | 637 | 673 | 672 | 675 | 734 | 815 | |
CWIP | 8 | 6 | 2 | 9 | 13 | 50 | 41 | 27 | 23 | 31 | 32 | 14 |
Investments | 23 | 23 | 23 | 32 | 34 | 38 | 84 | 99 | 95 | 84 | 126 | 143 |
367 | 330 | 379 | 386 | 405 | 399 | 333 | 459 | 620 | 625 | 584 | 638 | |
Total Assets | 874 | 809 | 1,117 | 1,094 | 1,101 | 1,112 | 1,095 | 1,257 | 1,410 | 1,415 | 1,476 | 1,610 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
97 | 15 | 209 | 66 | 105 | 112 | 200 | 225 | 273 | 165 | -7 | 274 | |
-24 | -6 | -317 | -21 | -20 | -46 | -38 | -50 | -16 | -26 | -82 | -250 | |
-136 | -31 | 176 | -89 | -104 | -65 | -153 | -51 | -89 | -124 | -31 | -22 | |
Net Cash Flow | -63 | -22 | 67 | -44 | -20 | 0 | 9 | 124 | 168 | 15 | -119 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 34 | 61 | 44 | 44 | 45 | 47 | 35 | 35 | 22 | 25 | 38 | 27 |
Inventory Days | 108 | 181 | 112 | 103 | 116 | 97 | 115 | 147 | 110 | 187 | 413 | 58 |
Days Payable | 178 | 254 | 151 | 162 | 194 | 188 | 168 | 220 | 211 | 215 | 310 | 92 |
Cash Conversion Cycle | -37 | -12 | 5 | -15 | -33 | -44 | -18 | -38 | -79 | -3 | 140 | -6 |
Working Capital Days | 127 | 53 | 3 | 36 | 27 | 24 | -1 | -13 | -17 | 12 | 65 | 6 |
ROCE % | 13% | 11% | 9% | 10% | 9% | 11% | 26% | 23% | 31% | 26% | 8% | 12% |
Documents
Announcements
- Closure of Trading Window 1d
- Reg. 34 (1) Annual Report. 2d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
27 Jun - Copies of the Notice to the Shareholders published in the newspapers, "Business Standard" and Maalai Malar dated 24 06 2022, for the 62nd Annual General …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Jun - Newspaper advertisement about transfer of unclaimed shares to IEPF Demat Account
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 17 Jun
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Production Capacity [1]
Company has two manufacturing units in the state of Tamil Nadu. During the year 2019, the company had a cumulative production of 209,015 tonnes of paper.