Seshasayee Paper & Boards Ltd
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.
- Market Cap ₹ 1,377 Cr.
- Current Price ₹ 218
- High / Low ₹ 311 / 190
- Stock P/E 11.6
- Book Value ₹ 335
- Dividend Yield 0.91 %
- ROCE 5.60 %
- ROE 4.10 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.66 times its book value
Cons
- Company has a low return on equity of 8.06% over last 3 years.
- Earnings include an other income of Rs.64.6 Cr.
- Dividend payout has been low at 13.2% of profits over last 3 years
- Debtor days have increased from 31.8 to 40.6 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 998 | 1,008 | 1,108 | 1,105 | 1,326 | 1,184 | 782 | 1,355 | 2,083 | 1,802 | 1,754 | 1,710 | 1,974 | |
| Sales growth | +1% | +10% | -0% | +20% | -11% | -34% | +73% | +54% | -13% | -3% | -2% | +19% | |
| 908 | 901 | 894 | 898 | 1,030 | 917 | 675 | 1,189 | 1,549 | 1,462 | 1,643 | 1,615 | 1,835 | |
| Operating Profit | 90 | 107 | 214 | 207 | 296 | 267 | 108 | 166 | 534 | 340 | 111 | 96 | 139 |
| OPM % | 9% | 11% | 19% | 19% | 22% | 23% | 14% | 12% | 26% | 19% | 6% | 6% | 7% |
| 3 | 4 | 12 | 15 | 25 | 31 | 26 | 24 | 40 | 63 | 75 | 64 | 65 | |
| Interest | 37 | 32 | 23 | 14 | 14 | 7 | 3 | 3 | 3 | 2 | 8 | 9 | 4 |
| Depreciation | 29 | 29 | 31 | 32 | 34 | 35 | 38 | 41 | 45 | 44 | 45 | 45 | 46 |
| Profit before tax | 26 | 50 | 172 | 176 | 273 | 256 | 93 | 146 | 525 | 357 | 132 | 106 | 154 |
| Tax % | 32% | 29% | 23% | 30% | 30% | 29% | -15% | 24% | 25% | 24% | 18% | 22% | |
| 16 | 36 | 132 | 123 | 192 | 182 | 106 | 110 | 396 | 271 | 109 | 83 | 119 | |
| EPS in Rs | 2.61 | 5.71 | 20.97 | 19.54 | 30.44 | 28.79 | 16.87 | 17.44 | 62.76 | 42.93 | 17.31 | 13.09 | 18.86 |
| Dividend Payout % | 31% | 17% | 10% | 15% | 13% | 13% | 14% | 14% | 9% | 11% | 14% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 17% |
| 3 Years: | -6% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | -5% |
| 3 Years: | -41% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 5% |
| 3 Years: | -13% |
| 1 Year: | -11% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 12% |
| 3 Years: | 8% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 401 | 430 | 592 | 713 | 881 | 1,007 | 1,131 | 1,243 | 1,623 | 1,899 | 1,976 | 2,030 | 2,100 |
| 329 | 302 | 171 | 149 | 97 | 10 | 8 | 4 | 0 | 21 | 82 | 0 | 0 | |
| 380 | 391 | 343 | 406 | 446 | 419 | 367 | 400 | 443 | 459 | 452 | 460 | 417 | |
| Total Liabilities | 1,123 | 1,135 | 1,118 | 1,281 | 1,436 | 1,448 | 1,518 | 1,660 | 2,079 | 2,391 | 2,522 | 2,502 | 2,530 |
| 661 | 638 | 650 | 686 | 685 | 688 | 747 | 828 | 809 | 789 | 769 | 758 | 760 | |
| CWIP | 13 | 50 | 41 | 27 | 23 | 31 | 32 | 14 | 20 | 35 | 71 | 93 | 120 |
| Investments | 43 | 47 | 93 | 108 | 107 | 103 | 152 | 178 | 197 | 248 | 278 | 305 | 330 |
| 405 | 399 | 335 | 460 | 621 | 626 | 585 | 640 | 1,054 | 1,319 | 1,404 | 1,346 | 1,320 | |
| Total Assets | 1,123 | 1,135 | 1,118 | 1,281 | 1,436 | 1,448 | 1,518 | 1,660 | 2,079 | 2,391 | 2,522 | 2,502 | 2,530 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 329 | 202 | -61 | 92 | |
| -20 | -46 | -36 | -50 | -16 | -26 | -54 | -251 | -372 | -225 | 42 | 6 | |
| -104 | -66 | -154 | -51 | -89 | -124 | -31 | -22 | -22 | -19 | 23 | -103 | |
| Net Cash Flow | -20 | 0 | 10 | 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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 119% | 104% | 103% | 125% | 112% | 79% | 9% | 184% | 86% | 88% | -37% | 125% |
Ratios
Consolidated / View Standalone
| 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 | 164 |
| Days Payable | 194 | 188 | 168 | 220 | 211 | 215 | 311 | 137 | 134 | 153 | 115 | 109 |
| Cash Conversion Cycle | -33 | -44 | -18 | -38 | -79 | -3 | 140 | -23 | 21 | 41 | 81 | 96 |
| Working Capital Days | -20 | -11 | -1 | -13 | -17 | 12 | 65 | 5 | 14 | 26 | 43 | 58 |
| ROCE % | 11% | 26% | 22% | 31% | 26% | 9% | 12% | 37% | 20% | 7% | 6% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Volume tonnes ・Standalone data |
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| Capacity Utilization - Unit: Tirunelveli % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication of Un-audited Financial Results for the quarter and half-year ended September 30, 2026
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
- Time Square Investments bought 5.70 lakh shares on 27 Oct 2026, lifting stake to 11.125%.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Chairman''s Letter To Shareholders
- Q2/H1 FY26 unaudited results approved; revenue Rs 994.99 crore, PAT Rs 68.55 crore.
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Standalone And Consolidated Un-Audited Financial Results For The Quarter And Half-Year Ended September 30, 2026
- Board approved Q2 FY2027 results; standalone revenue 502.99 crore, net profit 34.96 crore.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Products & Brands
The Company manufactures pulp, WPP, packing and wrapping grade papers, and specialty grade papers.
Products are sold under the brands Sprint, Sprint Plus, Swift and Success [1]