Shreyans Industries Ltd

Shreyans Industries Ltd

₹ 248 0.18%
27 Feb 3:42 p.m.
About

Shreyans Industries Limited (SIL) was initially incorporated in 1979 by the name ‘Shreyans Paper Mills Limited’ by Mr D.K.Oswal and his family members. Subsequently, in 1992, the company’s name was changed to SIL. It is engaged in the manufacturing of Writing and Printing Paper catering to both domestic and international market. [1]

Key Points

Products
The Co manufactures WPP with a GSM (Grams per square meter) range between 44 to 200 GSM and a brightness range of 75% to 90%. The paper is manufactured in both sheet and reel forms and finds its application in the printing of books, notebooks, calendars, diaries, newspaper supplements, pamphlets, computer stationery, playing cards, brochures, magazines and copier paper, envelope making, etc. [1]

  • Market Cap 343 Cr.
  • Current Price 248
  • High / Low 318 / 130
  • Stock P/E 3.53
  • Book Value 251
  • Dividend Yield 1.00 %
  • ROCE 31.0 %
  • ROE 27.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.98 times its book value
  • Company has delivered good profit growth of 18.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 28.1%
  • Debtor days have improved from 20.5 to 15.5 days.

Cons

  • Company has a low return on equity of 12.8% 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.

Peer comparison

Sector: Paper Industry: Paper

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
92 119 135 119 152 178 196 212 229 228 188 171 173
98 111 124 118 157 175 182 182 200 196 149 147 155
Operating Profit -7 8 11 1 -5 3 14 31 29 32 39 24 17
OPM % -7% 7% 8% 1% -3% 2% 7% 14% 13% 14% 21% 14% 10%
8 4 3 5 11 1 2 0 1 2 8 6 15
Interest 2 2 2 2 1 1 2 1 1 1 1 1 1
Depreciation 3 3 3 3 3 3 3 3 3 3 3 3 3
Profit before tax -3 7 10 1 1 -0 12 27 26 30 43 26 28
Tax % -22% -12% 5% 52% 13% -867% 29% 22% 21% 19% 25% 23% 25%
-4 8 9 1 1 -1 8 21 20 24 32 20 21
EPS in Rs -3.06 5.84 6.60 0.43 0.81 -0.64 6.07 15.03 14.58 17.45 23.13 14.24 15.08
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
276 343 402 368 389 420 464 574 540 366 584 866 759
258 318 366 345 366 363 407 494 499 361 574 759 647
Operating Profit 17 26 36 22 24 57 57 80 42 5 10 107 112
OPM % 6% 7% 9% 6% 6% 14% 12% 14% 8% 1% 2% 12% 15%
2 3 1 6 0 -4 4 6 6 20 20 6 31
Interest 6 7 6 7 6 6 6 6 5 5 5 5 4
Depreciation 9 10 9 7 7 8 9 9 11 11 13 13 13
Profit before tax 4 11 22 14 11 39 46 70 33 9 12 94 126
Tax % 39% 32% 42% 29% 21% 35% 32% 33% 2% 7% 17% 22%
2 8 13 10 9 25 31 47 32 9 10 73 97
EPS in Rs 1.65 5.63 9.14 7.09 6.27 18.16 22.55 33.96 23.12 6.35 7.20 53.14 69.90
Dividend Payout % 0% 18% 13% 17% 19% 8% 8% 15% 13% 47% 28% 9%
Compounded Sales Growth
10 Years: 10%
5 Years: 13%
3 Years: 17%
TTM: -7%
Compounded Profit Growth
10 Years: 25%
5 Years: 18%
3 Years: 32%
TTM: 99%
Stock Price CAGR
10 Years: 27%
5 Years: 15%
3 Years: 47%
1 Year: 67%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 13%
Last Year: 27%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 55 61 71 78 85 111 141 184 202 212 218 288 332
50 39 47 44 55 41 46 32 58 66 61 42 45
75 80 97 91 93 104 109 115 108 107 138 138 138
Total Liabilities 193 194 229 226 247 270 310 345 382 398 431 482 530
113 110 112 122 138 148 169 175 173 215 219 215 212
CWIP 4 3 3 6 9 3 7 3 42 16 9 5 5
Investments 0 13 17 18 18 43 46 67 72 85 102 158 201
76 67 96 80 82 76 87 100 96 82 102 105 113
Total Assets 193 194 229 226 247 270 310 345 382 398 431 482 530

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
11 39 16 30 19 54 33 50 53 14 20 90
-20 -20 -16 -18 -24 -34 -32 -27 -62 -16 -6 -63
10 -18 1 -11 5 -21 -2 -23 9 1 -14 -28
Net Cash Flow 1 1 1 0 -1 -0 -0 -0 0 -0 0 0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 35 27 38 28 33 21 31 25 19 26 20 15
Inventory Days 81 52 64 59 47 50 54 56 60 79 58 43
Days Payable 94 78 85 73 69 59 72 61 66 87 81 43
Cash Conversion Cycle 22 -0 16 15 11 12 13 21 13 17 -2 16
Working Capital Days 13 -2 13 4 5 -8 -0 5 -3 -5 -9 -3
ROCE % 9% 16% 23% 14% 12% 33% 29% 35% 15% 5% 6% 31%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
50.53% 50.53% 50.53% 50.53% 50.53% 50.53% 50.53% 50.53% 50.53% 50.53% 50.53% 50.53%
0.02% 0.02% 0.00% 0.08% 0.16% 0.00% 0.13% 0.17% 0.09% 0.69% 0.27% 0.24%
1.15% 0.67% 0.67% 0.01% 0.20% 0.12% 0.02% 0.02% 0.02% 0.02% 0.02% 0.22%
48.31% 48.78% 48.80% 49.38% 49.11% 49.35% 49.32% 49.28% 49.37% 48.76% 49.19% 49.00%
No. of Shareholders 16,81718,88119,77119,37819,32118,12816,87315,45315,13917,09216,62017,336

* 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.

Click on the line-items to see the names of individual entities.

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