South India Paper Mills Ltd

S I Paper Mills Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

South India Paper Mills Ltd

₹ 106 -2.13%
30 May - close price
sipaper.com BSE: 516108
About

South India Paper Mills Ltd is primarily engaged in the manufacturing of Paper, Paperboards, Cartons, and Power Generation. [1]

Key Points

Products
Corrugating case raw materials: Kraft Liner Substitutes, Test Liners, White Kraft Liners, Fluting Grades, high-performance fluting, and Test Liner and some Special Application Grades for packaging.
Paper substance: Ranges between 70GSM to 400 GSM with strength ranging between 14 BF and 35 BF. [1]

Website BSE
  • Market Cap ₹ 198 Cr.
  • Current Price ₹ 106
  • High / Low ₹ 148 / 103
  • Stock P/E
  • Book Value ₹ 124
  • Dividend Yield 0.95 %
  • ROCE -5.07 %
  • ROE -13.6 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 0.85 times its book value
  • Company's working capital requirements have reduced from 63.5 days to 49.8 days

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -8.31%
  • Promoter holding is low: 33.2%
  • Company has a low return on equity of 1.05% 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

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
47 35 58 64 71 69 75 85 77 81 75 63 69
40 28 48 54 60 58 65 75 69 73 77 68 76
Operating Profit 7 6 10 10 11 12 9 9 7 7 -1 -5 -7
OPM % 14% 19% 17% 16% 16% 17% 13% 11% 10% 9% -2% -8% -10%
0 0 3 0 0 3 0 0 0 0 0 13 1
Interest 1 1 1 1 1 1 2 1 2 3 4 4 5
Depreciation 3 2 2 2 3 3 3 3 2 4 4 4 4
Profit before tax 3 3 10 7 7 10 6 6 4 0 -9 0 -16
Tax % 4% 29% 27% 29% 30% 15% 26% 26% -11% 81% 25% 0% 34%
Net Profit 3 2 7 5 5 9 4 4 4 0 -7 0 -10
EPS in Rs 2.13 1.47 4.67 3.15 3.42 5.94 2.73 2.79 2.99 0.03 -4.38 0.09 -5.49
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
170 168 142 185 206 195 134 241 216 226 304 288
147 141 128 155 170 164 122 204 182 188 266 294
Operating Profit 23 27 15 29 36 31 13 37 35 38 38 -6
OPM % 13% 16% 10% 16% 18% 16% 9% 15% 16% 17% 12% -2%
6 1 1 1 9 1 2 1 1 3 3 14
Interest 3 2 2 2 2 4 5 5 4 5 6 16
Depreciation 6 7 7 8 8 10 9 10 10 10 9 16
Profit before tax 20 18 6 21 35 18 1 23 21 27 26 -24
Tax % 23% 26% 32% 35% 31% 34% -19% 21% 25% 28% 16% 31%
Net Profit 15 14 4 14 24 12 1 18 16 19 22 -17
EPS in Rs 10.27 9.10 2.59 9.02 16.06 7.97 0.63 12.25 10.63 12.70 14.44 -8.89
Dividend Payout % 21% 24% 58% 28% 19% 19% 158% 12% 14% 8% 7% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 16%
3 Years: 10%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -253%
Stock Price CAGR
10 Years: 9%
5 Years: 1%
3 Years: 26%
1 Year: -26%
Return on Equity
10 Years: 6%
5 Years: 4%
3 Years: 1%
Last Year: -14%

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
15 15 15 15 15 15 15 15 15 15 15 19
Reserves 74 84 85 93 112 126 125 141 154 171 191 215
14 13 15 17 34 45 53 38 42 100 199 192
32 30 38 37 55 44 42 45 42 53 66 65
Total Liabilities 135 141 153 162 216 230 235 239 253 339 471 490
79 77 80 79 114 136 130 132 128 120 304 343
CWIP 0 1 3 2 16 11 15 8 15 106 39 17
Investments 0 0 0 0 0 0 0 0 0 0 0 0
56 63 69 82 86 83 90 99 110 113 127 129
Total Assets 135 141 153 162 216 230 235 239 253 339 471 490

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
22 16 11 15 30 26 -2 39 40 22 39 1
-12 -8 -12 -7 -44 -29 1 -12 -31 -77 -105 -13
-12 -7 -0 -4 12 3 -2 -21 -3 51 84 18
Net Cash Flow -3 2 -1 3 -2 1 -2 5 6 -4 18 5

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 43 43 69 60 64 56 104 60 50 75 58 56
Inventory Days 87 119 130 123 103 109 197 120 126 107 83 94
Days Payable 54 50 76 54 69 60 98 71 52 57 52 76
Cash Conversion Cycle 76 112 124 129 98 105 203 108 123 125 88 74
Working Capital Days 51 63 82 79 60 81 141 71 62 85 55 50
ROCE % 19% 19% 7% 19% 20% 13% 2% 14% 13% 11% 8% -5%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
41.85 41.85 41.90 41.92 41.93 41.94 41.95 41.90 41.88 39.92 41.53 33.21
1.75 1.75 1.75 1.75 1.29 0.49 0.49 0.49 0.49 0.09 0.09 0.07
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.41 0.41 0.33
56.39 56.39 56.34 56.32 56.78 57.57 57.57 57.61 57.63 59.58 57.98 66.38

* 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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