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.
Production Capacity #
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.
65-70% sales from South India #
Company has a network of more than 50 dealers and one depot in Bengaluru. The company also exports its products to countries like United States of America, Sri Lanka, Nepal and Middle East countries.
Moving towards being debt free #
Company have been reducing its debts over last 5 years and has now became a debt free company.
Group Companies
The other companies belonging to the group are Ponni Sugars, High Energy Batteries, SPB – PC (project consultancy), SPB ESVIN Advanced technologies (information technology).
- Market Cap ₹ 925 Cr.
- Current Price ₹ 147
- High / Low ₹ 184 / 80.0
- Stock P/E 7.50
- Book Value ₹ 161
- Dividend Yield 2.39 %
- ROCE 25.9 %
- ROE 18.7 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.91 times its book value
Cons
- The company has delivered a poor sales growth of 3.49% over past five years.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
295 | 348 | 275 | 331 | 354 | 365 | 278 | 300 | 285 | 320 | 139 | 150 | |
247 | 276 | 228 | 249 | 271 | 281 | 216 | 228 | 218 | 256 | 108 | 122 | |
Operating Profit | 48 | 71 | 47 | 82 | 83 | 83 | 62 | 72 | 68 | 65 | 31 | 28 |
OPM % | 16% | 21% | 17% | 25% | 23% | 23% | 22% | 24% | 24% | 20% | 23% | 19% |
Other Income | 7 | 5 | 3 | 5 | 4 | 11 | 6 | 7 | 6 | 5 | 6 | 7 |
Interest | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 2 | 1 | 1 | 1 | 1 |
Depreciation | 8 | 7 | 9 | 9 | 9 | 7 | 9 | 9 | 9 | 8 | 9 | 9 |
Profit before tax | 43 | 65 | 38 | 74 | 75 | 85 | 57 | 68 | 63 | 61 | 28 | 25 |
Tax % | 28% | 32% | 28% | 32% | 33% | 27% | 31% | 31% | 31% | 25% | 35% | 34% |
Net Profit | 31 | 44 | 27 | 50 | 51 | 62 | 39 | 47 | 43 | 46 | 18 | 16 |
EPS in Rs | 4.90 | 6.97 | 4.26 | 7.98 | 8.01 | 9.87 | 6.15 | 7.41 | 6.90 | 7.22 | 2.83 | 2.60 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
519 | 500 | 562 | 601 | 821 | 996 | 998 | 1,008 | 1,108 | 1,105 | 1,325 | 1,184 | 895 | |
453 | 387 | 452 | 502 | 716 | 872 | 908 | 901 | 894 | 897 | 1,029 | 917 | 703 | |
Operating Profit | 66 | 113 | 110 | 99 | 106 | 124 | 89 | 107 | 214 | 207 | 296 | 267 | 192 |
OPM % | 13% | 23% | 20% | 16% | 13% | 12% | 9% | 11% | 19% | 19% | 22% | 23% | 21% |
Other Income | 10 | 9 | 6 | 5 | 4 | 5 | 3 | 4 | 8 | 14 | 23 | 24 | 24 |
Interest | 26 | 28 | 22 | 24 | 44 | 39 | 37 | 32 | 23 | 14 | 14 | 7 | 4 |
Depreciation | 26 | 34 | 34 | 34 | 49 | 49 | 29 | 29 | 31 | 32 | 34 | 35 | 35 |
Profit before tax | 24 | 60 | 61 | 45 | 16 | 41 | 25 | 50 | 168 | 175 | 271 | 249 | 177 |
Tax % | 37% | 33% | -7% | 24% | -25% | 35% | 32% | 29% | 24% | 30% | 30% | 30% | |
Net Profit | 15 | 40 | 65 | 34 | 21 | 27 | 17 | 36 | 128 | 123 | 190 | 175 | 123 |
EPS in Rs | 2.67 | 7.09 | 11.55 | 6.06 | 3.64 | 4.25 | 2.75 | 5.64 | 20.29 | 19.48 | 30.11 | 27.68 | 19.55 |
Dividend Payout % | 26% | 17% | 9% | 16% | 22% | 19% | 29% | 18% | 10% | 15% | 13% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 3% |
3 Years: | 2% |
TTM: | -31% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 55% |
3 Years: | 11% |
TTM: | -38% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 28% |
3 Years: | -12% |
1 Year: | -14% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 20% |
3 Years: | 21% |
Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
11 | 11 | 11 | 11 | 11 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | |
Reserves | 181 | 213 | 272 | 299 | 351 | 372 | 380 | 408 | 569 | 689 | 855 | 986 | 1,004 |
Borrowings | 370 | 325 | 398 | 220 | 434 | 389 | 328 | 301 | 171 | 149 | 97 | 10 | 6 |
186 | 193 | 193 | 279 | 321 | 320 | 379 | 390 | 343 | 406 | 446 | 418 | 433 | |
Total Liabilities | 749 | 743 | 874 | 809 | 1,117 | 1,094 | 1,101 | 1,112 | 1,095 | 1,257 | 1,410 | 1,427 | 1,456 |
527 | 498 | 475 | 450 | 712 | 666 | 648 | 625 | 637 | 673 | 672 | 675 | 680 | |
CWIP | 1 | 8 | 8 | 6 | 2 | 9 | 13 | 50 | 41 | 27 | 23 | 31 | 47 |
Investments | 8 | 10 | 23 | 23 | 23 | 32 | 34 | 38 | 84 | 99 | 95 | 84 | 93 |
212 | 227 | 367 | 330 | 379 | 386 | 405 | 399 | 333 | 459 | 620 | 637 | 636 | |
Total Assets | 749 | 743 | 874 | 809 | 1,117 | 1,094 | 1,101 | 1,112 | 1,095 | 1,257 | 1,410 | 1,427 | 1,456 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
39 | 111 | 97 | 15 | 209 | 66 | 105 | 112 | 200 | 225 | 273 | 166 | |
-39 | -13 | -24 | -6 | -317 | -21 | -20 | -46 | -38 | -50 | -16 | -27 | |
-16 | -70 | -136 | -31 | 176 | -89 | -104 | -65 | -153 | -51 | -89 | -124 | |
Net Cash Flow | -16 | 27 | -63 | -22 | 67 | -44 | -20 | 0 | 9 | 124 | 168 | 15 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 9% | 16% | 13% | 11% | 9% | 10% | 9% | 11% | 26% | 23% | 31% | 26% |
Debtor Days | 34 | 33 | 34 | 61 | 44 | 44 | 45 | 47 | 35 | 35 | 22 | 25 |
Inventory Turnover | 3.88 | 3.46 | 5.22 | 4.26 | 4.94 | 5.48 | 4.63 | 4.50 | 4.35 | 3.73 | 4.14 | 3.11 |
Documents
Add documentRecent announcements
- Board Meeting Intimation for To Consider And Approve The Standalone And Consolidated Un-Audited Financial Results For The Quarter / Nine Months Ended December 31, 2020 1d
- Shareholding for the Period Ended December 31, 2020 12 Jan
- Statement Of Investor Complaints For The Quarter Ended December 2020 7 Jan
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan
- Closure of Trading Window 31 Dec
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse
- Financial Year 2010 from nse