Seshasayee Paper & Boards Ltd

₹ 297 -0.13%

15 Jul - 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 ₹ 1,872 Cr.
Current Price ₹ 297
High / Low ₹ 374 / 251
Stock P/E 17.9
Book Value ₹ 303
Dividend Yield 0.84 %
ROCE 7.07 %
ROE 5.58 %
Face Value ₹ 2.00

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Pros

Company is almost debt free.
Stock is trading at 0.98 times its book value

Cons

The company has delivered a poor sales growth of 8.18% over past five years.
Earnings include an other income of Rs.70.2 Cr.
Dividend payout has been low at 11.8% of profits over last 3 years
Working capital days have increased from 34.7 days to 60.4 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 SmallCap BSE Allcap BSE Commodities

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	471	431	523	556	573	426	362	473	539	422	398	431	502
	392	343	383	406	416	331	273	386	472	374	368	424	477
Operating Profit	79	88	140	150	157	95	89	88	68	48	31	8	25
OPM %	17%	20%	27%	27%	27%	22%	25%	19%	13%	11%	8%	2%	5%
	4	5	9	9	9	13	14	11	13	16	15	21	18
Interest	1	1	1	1	1	0	0	0	1	1	1	2	4
Depreciation	11	12	12	12	10	11	11	11	11	11	11	11	11
Profit before tax	72	80	136	146	154	96	92	88	70	51	33	15	28
Tax %	25%	26%	25%	25%	25%	25%	25%	25%	24%	25%	26%	-5%	8%
	54	60	102	109	116	71	69	66	53	38	25	16	26
EPS in Rs	8.50	9.46	16.11	17.35	18.37	11.32	10.96	10.42	8.43	6.08	3.93	2.51	4.06
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Upcoming result date: 19 July 2025

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	996	998	1,008	1,108	1,105	1,325	1,184	782	1,355	2,083	1,802	1,754
	872	908	901	894	897	1,029	917	674	1,189	1,548	1,462	1,643
Operating Profit	124	89	107	214	207	296	267	108	166	534	340	111
OPM %	12%	9%	11%	19%	19%	22%	23%	14%	12%	26%	19%	6%
	5	3	4	8	14	23	23	19	17	31	51	70
Interest	39	37	32	23	14	14	7	3	3	3	2	8
Depreciation	49	29	29	31	32	34	35	38	41	45	44	45
Profit before tax	41	25	50	168	175	271	248	86	139	516	345	128
Tax %	35%	32%	29%	24%	30%	30%	30%	-16%	26%	25%	25%	18%
	27	17	36	128	123	190	173	100	103	387	259	105
EPS in Rs	4.25	2.75	5.64	20.29	19.48	30.11	27.50	15.90	16.35	61.29	41.13	16.58
Dividend Payout %	19%	29%	18%	10%	15%	13%	14%	15%	15%	9%	12%	14%

Compounded Sales Growth
10 Years:	6%
5 Years:	8%
3 Years:	9%
TTM:	-3%

Compounded Profit Growth
10 Years:	18%
5 Years:	-10%
3 Years:	0%
TTM:	-60%

Stock Price CAGR
10 Years:	22%
5 Years:	14%
3 Years:	15%
1 Year:	-18%

Return on Equity
10 Years:	15%
5 Years:	13%
3 Years:	15%
Last Year:	6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	13	13	13	13	13	13	12	12	12	12	12	12
Reserves	372	380	408	569	689	855	974	1,090	1,194	1,564	1,825	1,900
	389	328	301	171	149	97	10	8	4	0	21	82
	320	379	390	343	406	446	418	367	400	443	459	451
Total Liabilities	1,094	1,101	1,112	1,095	1,257	1,410	1,415	1,476	1,610	2,020	2,317	2,445
	666	648	625	637	673	672	675	734	815	796	776	756
CWIP	9	13	50	41	27	23	31	32	14	20	35	71
Investments	32	34	38	84	99	95	84	126	143	152	189	215
	386	405	399	333	459	620	625	584	638	1,052	1,318	1,402
Total Assets	1,094	1,101	1,112	1,095	1,257	1,410	1,415	1,476	1,610	2,020	2,317	2,445

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	66	105	112	200	225	273	165	-7	276	328	202	-61
	-21	-20	-46	-38	-50	-16	-26	-53	-251	-372	-225	42
	-89	-104	-65	-153	-51	-89	-124	-31	-22	-22	-19	23
Net Cash Flow	-44	-20	0	9	124	168	15	-91	3	-66	-42	5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	44	45	47	35	35	22	25	38	27	17	24	31
Inventory Days	103	116	97	115	147	110	187	413	87	138	170	165
Days Payable	162	194	188	168	220	211	215	311	137	134	153	115
Cash Conversion Cycle	-15	-33	-44	-18	-38	-79	-3	140	-23	21	41	81
Working Capital Days	36	27	24	-1	-13	-17	12	65	6	14	30	60
ROCE %	10%	9%	11%	26%	23%	31%	26%	8%	12%	37%	20%	7%

Shareholding Pattern

Numbers in percentages

4 Recently

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	42.78%	42.78%	42.78%	42.78%	42.78%	42.78%	42.78%	42.78%	42.78%	42.78%	42.81%	42.90%
	10.98%	12.04%	12.73%	12.73%	12.86%	12.86%	12.98%	12.97%	13.01%	13.11%	13.05%	13.06%
	0.22%	0.21%	0.21%	0.21%	0.21%	0.03%	0.02%	0.02%	0.06%	0.08%	0.08%	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%
	31.75%	30.69%	30.00%	29.99%	29.87%	30.05%	29.96%	29.96%	29.88%	29.77%	29.78%	29.68%
No. of Shareholders	18,482	19,465	20,897	20,467	22,296	25,683	26,436	25,875	25,729	23,430	23,316	22,471

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	42.65%	42.65%	42.65%	42.65%	42.65%	42.80%	42.78%	42.78%	42.90%
	7.06%	1.51%	1.65%	7.99%	10.82%	10.71%	12.73%	12.97%	13.06%
	3.74%	3.74%	3.45%	2.55%	0.03%	0.24%	0.21%	0.02%	0.10%
	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%
No. of Shareholders	12,996	11,667	12,279	13,830	15,452	18,592	20,467	25,875	22,471

* 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

Shareholding Pattern

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