South India Paper Mills Ltd
₹ 73.0
2.41%
28 Mar
2:51 p.m.
About
Incorporated in 1959, The South India Paper
Mills Ltd manufactures Paper, Paperboards, Cartons and Power Generation[1]
Key Points
- Market Cap ₹ 137 Cr.
- Current Price ₹ 73.0
- High / Low ₹ 128 / 68.6
- Stock P/E
- Book Value ₹ 120
- Dividend Yield 0.00 %
- ROCE -5.02 %
- ROE -13.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.61 times its book value
- Company's working capital requirements have reduced from 63.6 days to 50.0 days
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 33.2%
- Company has a low return on equity of 1.03% over last 3 years.
- Earnings include an other income of Rs.1.68 Cr.
- Promoter holding has decreased over last 3 years: -8.74%
* 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.
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Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
170 | 168 | 142 | 185 | 206 | 195 | 134 | 241 | 216 | 226 | 304 | 287 | 291 | |
147 | 141 | 128 | 155 | 170 | 164 | 122 | 204 | 182 | 188 | 266 | 293 | 286 | |
Operating Profit | 23 | 27 | 15 | 29 | 36 | 31 | 13 | 37 | 35 | 38 | 38 | -6 | 5 |
OPM % | 13% | 16% | 10% | 16% | 18% | 16% | 9% | 15% | 16% | 17% | 12% | -2% | 2% |
6 | 1 | 1 | 1 | 9 | 1 | 2 | 1 | 1 | 3 | 3 | 14 | 2 | |
Interest | 3 | 2 | 2 | 2 | 2 | 4 | 5 | 5 | 4 | 5 | 6 | 16 | 19 |
Depreciation | 6 | 7 | 7 | 8 | 8 | 10 | 9 | 10 | 10 | 10 | 9 | 16 | 18 |
Profit before tax | 20 | 18 | 6 | 21 | 35 | 18 | 1 | 23 | 21 | 27 | 26 | -24 | -30 |
Tax % | 23% | 26% | 32% | 35% | 31% | 34% | -19% | 21% | 25% | 28% | 16% | 31% | |
15 | 14 | 4 | 14 | 24 | 12 | 1 | 18 | 16 | 19 | 22 | -17 | -21 | |
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 | -11.20 |
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: | -2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -37% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | -3% |
3 Years: | -7% |
1 Year: | -34% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 19 | 19 |
Reserves | 74 | 84 | 85 | 93 | 112 | 126 | 125 | 141 | 154 | 171 | 191 | 215 | 207 |
14 | 13 | 15 | 17 | 34 | 45 | 53 | 38 | 42 | 100 | 199 | 192 | 201 | |
32 | 30 | 38 | 37 | 55 | 44 | 42 | 45 | 42 | 53 | 66 | 65 | 40 | |
Total Liabilities | 135 | 141 | 153 | 162 | 216 | 230 | 235 | 239 | 253 | 339 | 471 | 490 | 467 |
79 | 77 | 80 | 79 | 114 | 136 | 130 | 132 | 128 | 120 | 304 | 343 | 351 | |
CWIP | 0 | 1 | 3 | 2 | 16 | 11 | 15 | 8 | 15 | 106 | 39 | 17 | 3 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
56 | 63 | 69 | 82 | 86 | 83 | 90 | 99 | 110 | 113 | 127 | 129 | 113 | |
Total Assets | 135 | 141 | 153 | 162 | 216 | 230 | 235 | 239 | 253 | 339 | 471 | 490 | 467 |
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% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 14 Mar
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Feb - Submission of Newspaper ad w.r.t Unaudited Financial Results for the Qtr ended 31st Dec 2023, published in Business Standard & Vishwavani on 10-02-2024.
- SIPM Unaudited Financial Results Q3 - FY 2023-24 8 Feb
- Board Meeting Outcome for Outcome Of Board Meeting - Financial Results Q3 FY 2023-24 8 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Jan
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Product Profile:
a) Paper Division:[1]
Company deals in corrugating case raw materials viz. Kraft Liner Substitutes, Test Liners, White Kraft Liners, Fluting Grades, high-performance fluting and Test Liner,s and some Special Application Grades for packaging. Paper substance ranges between 70GSM to 400 GSM with strength ranging between 14 BF and 35 BF.
b) Printing & Packaging Division:[2]
Plain brown boxes with single-colour flexo
graphic printing and glued or stapled closures; boxes and shelf-ready packaging with four color flexographic process printing in die cut or Regular Slotted designs; small and micro-fluted boxes with high-quality multi-color graphics; wraparound boxes