Shreyans Industries Ltd

₹ 88.7 1.78%
01 Jul - close price
About

Shreyans Industries Limited is engaged in the manufacturing of Writing and Printing Paper catering to both domestic and international market. [1]

Key Points

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

  • Market Cap 123 Cr.
  • Current Price 88.7
  • High / Low 152 / 79.1
  • Stock P/E 12.3
  • Book Value 168
  • Dividend Yield 3.38 %
  • ROCE 6.16 %
  • ROE 4.35 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.53 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 29.31%

Cons

  • The company has delivered a poor sales growth of 6.83% over past five years.
  • Company has a low return on equity of 7.70% for last 3 years.
  • Earnings include an other income of Rs.20.22 Cr.

* 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
156.20 123.74 127.07 133.30 76.97 79.00 91.90 118.57 135.20 119.44 151.88 177.92
137.49 112.90 117.73 130.55 71.05 80.81 98.48 110.65 124.29 118.27 156.88 174.40
Operating Profit 18.71 10.84 9.34 2.75 5.92 -1.81 -6.58 7.92 10.91 1.17 -5.00 3.52
OPM % 11.98% 8.76% 7.35% 2.06% 7.69% -2.29% -7.16% 6.68% 8.07% 0.98% -3.29% 1.98%
0.24 0.60 2.36 2.83 5.08 3.93 7.57 3.94 3.38 4.87 10.99 0.99
Interest 1.09 1.08 1.29 1.14 1.09 1.04 1.50 1.84 1.51 1.57 1.47 1.47
Depreciation 2.47 2.48 2.44 3.13 2.66 2.66 2.97 2.79 3.22 3.23 3.23 3.13
Profit before tax 15.39 7.88 7.97 1.31 7.25 -1.58 -3.48 7.23 9.56 1.24 1.29 -0.09
Tax % 31.58% 0.76% -50.69% -22.90% 6.62% -17.09% -21.55% -11.89% 4.60% 51.61% 13.18% -866.67%
Net Profit 10.53 7.82 12.01 1.61 6.77 -1.85 -4.23 8.08 9.12 0.60 1.12 -0.88
EPS in Rs 7.62 5.66 8.69 1.16 4.90 -1.34 -3.06 5.84 6.60 0.43 0.81 -0.64

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
256 276 343 402 368 389 420 464 574 540 366 584
242 258 318 366 345 366 363 407 494 499 361 574
Operating Profit 14 17 26 36 22 24 57 57 80 42 5 11
OPM % 5% 6% 7% 9% 6% 6% 14% 12% 14% 8% 1% 2%
4 2 3 1 6 0 -4 4 6 6 20 20
Interest 5 6 7 6 7 6 6 6 6 5 5 6
Depreciation 9 9 10 9 7 7 8 9 9 11 11 13
Profit before tax 4 4 11 22 14 11 39 46 70 33 9 12
Tax % -14% 39% 32% 42% 29% 21% 35% 32% 33% 2% 7% 17%
Net Profit 5 2 8 13 10 9 25 31 47 32 9 10
EPS in Rs 3.41 1.65 5.63 9.14 7.09 6.27 18.16 22.55 33.96 23.12 6.35 7.20
Dividend Payout % -0% -0% 18% 13% 17% 19% 8% 8% 15% 13% 47% 28%
Compounded Sales Growth
10 Years: 8%
5 Years: 7%
3 Years: 1%
TTM: 59%
Compounded Profit Growth
10 Years: 16%
5 Years: -20%
3 Years: -40%
TTM: 13%
Stock Price CAGR
10 Years: 20%
5 Years: -11%
3 Years: -17%
1 Year: -20%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 8%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
14 14 14 14 14 14 14 14 14 14 14 14
Reserves 52 55 61 71 78 85 111 141 184 202 212 218
35 50 39 47 44 55 41 46 32 58 66 61
70 75 80 97 91 93 104 109 115 108 107 138
Total Liabilities 171 193 194 229 226 247 270 310 345 382 398 431
99 113 110 112 122 138 148 169 175 173 215 219
CWIP 3 4 3 3 6 9 3 7 3 42 16 9
Investments 0 0 13 17 18 18 43 46 67 72 85 102
70 76 67 96 80 82 76 87 100 96 82 102
Total Assets 171 193 194 229 226 247 270 310 345 382 398 431

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
22 11 39 16 30 19 54 33 50 53 14 20
-9 -20 -20 -16 -18 -24 -34 -32 -27 -62 -16 -6
-15 10 -18 1 -11 5 -21 -2 -23 9 2 -14
Net Cash Flow -2 1 1 1 0 -1 -0 -0 -0 0 -0 0

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 30 35 27 38 28 33 21 31 25 19 26 20
Inventory Days 71 81 52 64 59 47 50 54 56 60 79 58
Days Payable 66 78 -0 74 59 57 59 72 61 66 87 81
Cash Conversion Cycle 35 37 78 27 29 23 12 13 21 13 17 -2
Working Capital Days 6 13 -2 13 4 5 -8 -0 5 -3 -17 49
ROCE % 9% 9% 16% 23% 14% 12% 33% 29% 35% 15% 5% 6%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
47.26 50.24 50.38 50.53 50.53 50.53 50.53 50.53 50.53 50.53 50.53 50.53
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.00 0.08 0.16
0.10 0.10 0.18 0.04 0.04 0.04 0.02 1.15 0.67 0.67 0.01 0.20
52.65 49.66 49.44 49.44 49.44 49.44 49.45 48.31 48.78 48.80 49.38 49.11

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