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 ₹ 2,122 Cr.
- Current Price ₹ 336
- High / Low ₹ 422 / 220
- Stock P/E 5.65
- Book Value ₹ 281
- Dividend Yield 1.82 %
- ROCE 36.5 %
- ROE 27.4 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 27.0% CAGR over last 5 years
- Debtor days have improved from 27.4 to 16.7 days.
- Company's working capital requirements have reduced from 28.1 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
820 | 998 | 1,008 | 1,108 | 1,105 | 1,326 | 1,184 | 782 | 1,355 | 2,083 | 1,918 | |
716 | 908 | 901 | 894 | 898 | 1,030 | 917 | 675 | 1,189 | 1,549 | 1,427 | |
Operating Profit | 105 | 90 | 107 | 214 | 207 | 296 | 267 | 108 | 166 | 534 | 491 |
OPM % | 13% | 9% | 11% | 19% | 19% | 22% | 23% | 14% | 12% | 26% | 26% |
5 | 3 | 4 | 12 | 15 | 25 | 31 | 26 | 24 | 40 | 52 | |
Interest | 44 | 37 | 32 | 23 | 14 | 14 | 7 | 3 | 3 | 3 | 3 |
Depreciation | 49 | 29 | 29 | 31 | 32 | 34 | 35 | 38 | 41 | 45 | 44 |
Profit before tax | 16 | 26 | 50 | 172 | 176 | 273 | 256 | 93 | 146 | 525 | 496 |
Tax % | -25% | 32% | 29% | 23% | 30% | 30% | 29% | -15% | 24% | 25% | |
20 | 16 | 36 | 132 | 123 | 192 | 182 | 106 | 110 | 396 | 374 | |
EPS in Rs | 3.64 | 2.61 | 5.71 | 20.97 | 19.54 | 30.44 | 28.79 | 16.87 | 17.44 | 62.76 | 59.34 |
Dividend Payout % | 25% | 31% | 17% | 10% | 15% | 13% | 13% | 14% | 14% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 14% |
3 Years: | 21% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 34% |
5 Years: | 27% |
3 Years: | 30% |
TTM: | 63% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 8% |
3 Years: | 32% |
1 Year: | 15% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 16% |
Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 13 | 13 | 13 | 13 | 13 | 12 | 12 | 12 | 12 | 12 |
Reserves | 352 | 401 | 430 | 592 | 713 | 881 | 1,007 | 1,131 | 1,243 | 1,623 | 1,759 |
434 | 329 | 302 | 171 | 149 | 97 | 10 | 8 | 4 | 0 | 0 | |
320 | 380 | 391 | 343 | 406 | 446 | 419 | 367 | 400 | 443 | 431 | |
Total Liabilities | 1,118 | 1,123 | 1,135 | 1,118 | 1,281 | 1,436 | 1,448 | 1,518 | 1,660 | 2,079 | 2,202 |
726 | 661 | 638 | 650 | 686 | 685 | 688 | 747 | 828 | 809 | 797 | |
CWIP | 2 | 13 | 50 | 41 | 27 | 23 | 31 | 32 | 14 | 20 | 19 |
Investments | 11 | 43 | 47 | 93 | 108 | 107 | 103 | 152 | 178 | 197 | 233 |
379 | 405 | 399 | 335 | 460 | 621 | 626 | 585 | 640 | 1,054 | 1,153 | |
Total Assets | 1,118 | 1,123 | 1,135 | 1,118 | 1,281 | 1,436 | 1,448 | 1,518 | 1,660 | 2,079 | 2,202 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
209 | 105 | 112 | 200 | 225 | 273 | 165 | -7 | 276 | 329 | |
-317 | -20 | -46 | -36 | -50 | -16 | -26 | -54 | -251 | -372 | |
176 | -104 | -66 | -154 | -51 | -89 | -124 | -31 | -22 | -22 | |
Net Cash Flow | 68 | -20 | 0 | 10 | 124 | 168 | 15 | -91 | 3 | -66 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 44 | 45 | 47 | 35 | 35 | 22 | 25 | 38 | 27 | 17 |
Inventory Days | 112 | 116 | 97 | 115 | 147 | 110 | 187 | 413 | 87 | 138 |
Days Payable | 251 | 194 | 188 | 168 | 220 | 211 | 215 | 311 | 137 | 134 |
Cash Conversion Cycle | -95 | -33 | -44 | -18 | -38 | -79 | -3 | 140 | -23 | 21 |
Working Capital Days | 3 | 27 | 24 | -1 | -13 | -17 | 12 | 65 | 6 | 14 |
ROCE % | 11% | 26% | 22% | 31% | 26% | 9% | 12% | 37% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Newspaper Advertisement on Postal Ballot Notice
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 13 Nov
-
Announcement under Regulation 30 (LODR)-Change in Management
11 Nov - Of resignation of Senior Management Personnel of the Company
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Nov - Newspaper Publication of Un-audited Financial Results for the quarter / half year ended September 30, 2023.
- Letter To Shareholders - Un-Audited Financial Results For The Quarter / Half-Year Ended September 30,2023 4 Nov
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
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Financial Year 2010
from bse
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]