Star Paper Mills Ltd

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

Star Paper Mills Ltd

₹ 227 -1.41%
07 Dec - close price
starpapers.com BSE: 516022 NSE : STARPAPER
About

Star Paper Mills Limited, part of Duncan Goenka Group, is an integrated Pulp and Paper Mill, producing a wide range of Industrial, Packaging and Cultural Papers.with production capacity of 75000TPA.[1]

Key Points

History[1]
Co. dates back to the 1860s when a Scottish businessman, Walter Duncans, set up a tea business in India. Goenka's family took over the business in the early 1950s. The group took management and control of Star Paper Mills in 1986 thereby having a track record of around three decades in the paper industry.

Website BSE NSE
  • Market Cap ₹ 354 Cr.
  • Current Price ₹ 227
  • High / Low ₹ 245 / 142
  • Stock P/E 4.86
  • Book Value ₹ 398
  • Dividend Yield 1.54 %
  • ROCE 16.8 %
  • ROE 13.1 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.57 times its book value

Cons

  • The company has delivered a poor sales growth of 7.29% over past five years.
  • Company has a low return on equity of 8.10% over last 3 years.
  • Promoters have pledged 47.2% of their holding.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
55 66 87 48 77 93 113 119 134 116 123 124 106
52 56 75 43 70 83 103 103 110 91 109 101 90
Operating Profit 3 10 11 5 7 10 10 16 24 25 15 23 15
OPM % 5% 16% 13% 10% 9% 11% 9% 13% 18% 22% 12% 18% 14%
1 2 1 3 4 3 8 4 3 -6 8 4 8
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 3 11 11 6 10 11 17 18 26 18 21 25 22
Tax % 39% 30% 28% 24% 29% 37% -5% 15% 18% 30% 23% 21% 32%
2 8 8 5 7 7 18 15 21 13 16 20 15
EPS in Rs 1.02 5.02 5.01 3.08 4.37 4.61 11.41 9.79 13.58 8.16 10.54 12.65 9.73
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
228 273 275 271 272 324 347 378 341 233 331 493 468
267 290 283 256 246 253 274 328 293 212 299 412 391
Operating Profit -39 -17 -8 15 27 71 72 49 48 21 32 80 78
OPM % -17% -6% -3% 5% 10% 22% 21% 13% 14% 9% 10% 16% 17%
11 1 -2 1 1 2 5 7 7 9 18 9 15
Interest 3 5 5 3 3 1 1 1 1 1 0 1 1
Depreciation 11 11 11 5 4 4 4 4 5 5 5 5 5
Profit before tax -42 -32 -26 8 21 68 72 52 49 25 44 83 87
Tax % 0% 6% 15% -107% 20% 11% 25% -3% 24% 30% 17% 21%
-42 -30 -22 16 16 60 54 53 37 18 37 66 64
EPS in Rs -27.16 -18.93 -14.15 9.96 10.57 38.67 34.76 34.08 23.88 11.22 23.48 42.07 41.08
Dividend Payout % 0% 0% 0% 0% 0% 5% 7% 7% 10% 22% 15% 12%
Compounded Sales Growth
10 Years: 6%
5 Years: 7%
3 Years: 13%
TTM: 2%
Compounded Profit Growth
10 Years: 16%
5 Years: 7%
3 Years: 28%
TTM: 19%
Stock Price CAGR
10 Years: 43%
5 Years: 7%
3 Years: 29%
1 Year: 18%
Return on Equity
10 Years: 11%
5 Years: 9%
3 Years: 8%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 16 16 16 16 16 16 16 16 16 16 16 16 16
Reserves 68 39 17 31 48 337 390 440 473 486 519 579 605
20 20 20 14 7 4 2 1 0 1 1 0 5
95 112 117 109 106 157 154 135 142 147 136 134 143
Total Liabilities 200 186 170 170 176 514 562 592 630 650 672 728 769
112 100 91 86 85 404 405 410 412 415 415 414 417
CWIP 2 2 1 1 1 2 7 4 7 6 3 3 5
Investments 36 36 32 32 32 46 78 81 89 94 113 47 161
50 48 46 51 58 61 71 96 122 135 141 265 186
Total Assets 200 186 170 170 176 514 562 592 630 650 672 728 769

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 4 3 15 12 39 36 31 18 29 19 47
0 0 1 -0 -3 -35 -31 -28 -4 -25 -13 -41
1 -5 -4 -10 -10 -3 -7 -5 -8 -5 -5 -6
Net Cash Flow 0 -0 -0 5 -1 1 -2 -2 5 -2 0 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 11 10 9 9 14 8 8 7 4 1 7 2
Inventory Days 112 87 61 70 90 113 144 131 224 294 189 179
Days Payable 157 210 176 211 205 148 136 105 124 112 73 57
Cash Conversion Cycle -34 -114 -107 -133 -102 -27 16 33 104 182 122 124
Working Capital Days -14 -48 -61 -64 -43 -14 -0 14 40 42 44 44
ROCE % -32% -30% -28% 19% 36% 32% 19% 12% 10% 5% 9% 17%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
45.17% 45.17% 45.17% 45.17% 45.17% 45.17% 45.17% 44.93% 44.93% 44.93% 44.93% 44.93%
0.13% 0.13% 0.00% 0.02% 0.18% 0.13% 1.70% 2.26% 1.73% 1.77% 1.89% 1.84%
0.01% 0.01% 0.01% 0.02% 0.01% 0.02% 0.01% 0.00% 0.01% 0.00% 0.00% 0.00%
54.69% 54.69% 54.82% 54.79% 54.64% 54.68% 53.12% 52.82% 53.32% 53.30% 53.17% 53.24%
No. of Shareholders 22,89720,76021,78426,69125,44524,82623,01521,94620,97520,50119,81320,272

* 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.

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