Star Paper Mills Ltd

Star Paper Mills Ltd

₹ 224 0.20%
13 Dec - close price
About

Incorporated in 1938, Star Paper Mills Ltd manufactures and supplies Paper and Paper Board[1]

Key Points

Business Overview:[1]
SPML is is a part of Duncan Goenka Group. It is an ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 certified integrated Pulp and Paper Mill. Company produces a wide range of Industrial, Packaging and Cultural Papers. It has an R&D Unit recognised by Ministry of Science & Technology

  • Market Cap 349 Cr.
  • Current Price 224
  • High / Low 288 / 190
  • Stock P/E 5.93
  • Book Value 428
  • Dividend Yield 1.79 %
  • ROCE 13.4 %
  • ROE 10.5 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.52 times its book value

Cons

  • Company has a low return on equity of 10.3% over last 3 years.
  • Promoters have pledged 47.2% of their holding.
  • Earnings include an other income of Rs.35.9 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
77 93 113 119 134 116 123 124 106 115 100 114 111
70 83 103 103 110 91 109 101 90 101 95 104 102
Operating Profit 7 10 10 16 24 25 15 23 15 14 5 10 9
OPM % 9% 11% 9% 13% 18% 22% 12% 18% 14% 12% 5% 9% 8%
4 3 8 4 3 -6 8 4 8 7 11 8 10
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 10 11 17 18 26 18 21 25 22 19 14 16 17
Tax % 29% 37% -5% 15% 18% 30% 23% 21% 32% 24% -0% 16% 17%
7 7 18 15 21 13 16 20 15 15 14 14 15
EPS in Rs 4.37 4.61 11.41 9.79 13.58 8.16 10.54 12.65 9.73 9.46 9.17 8.91 9.30
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
273 275 271 272 324 347 378 341 233 331 493 444 440
290 283 256 246 253 274 328 293 212 299 412 387 402
Operating Profit -17 -8 15 27 71 72 49 48 21 32 80 57 38
OPM % -6% -3% 5% 10% 22% 21% 13% 14% 9% 10% 16% 13% 9%
1 -2 1 1 2 5 7 7 9 18 9 30 36
Interest 5 5 3 3 1 1 1 1 1 0 1 1 1
Depreciation 11 11 5 4 4 4 4 5 5 5 5 5 6
Profit before tax -32 -26 8 21 68 72 52 49 25 44 83 81 68
Tax % -6% -15% -107% 20% 11% 25% -3% 24% 30% 17% 21% 21%
-30 -22 16 16 60 54 53 37 18 37 66 64 58
EPS in Rs -18.93 -14.15 9.96 10.57 38.67 34.76 34.08 23.88 11.22 23.48 42.07 41.00 36.84
Dividend Payout % 0% 0% 0% 0% 5% 7% 7% 10% 22% 15% 12% 10%
Compounded Sales Growth
10 Years: 5%
5 Years: 3%
3 Years: 24%
TTM: -6%
Compounded Profit Growth
10 Years: 19%
5 Years: 5%
3 Years: 56%
TTM: -19%
Stock Price CAGR
10 Years: 29%
5 Years: 15%
3 Years: 19%
1 Year: -4%
Return on Equity
10 Years: 11%
5 Years: 9%
3 Years: 10%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 16 16 16 16 16 16 16 16 16 16 16 16 16
Reserves 39 17 31 48 337 390 440 473 486 519 579 632 653
20 20 14 7 4 2 1 0 1 1 0 5 5
112 117 109 106 157 154 135 142 147 136 134 137 148
Total Liabilities 186 170 170 176 514 562 592 630 650 672 728 790 822
100 91 86 85 404 405 410 412 415 415 414 425 425
CWIP 2 1 1 1 2 7 4 7 6 3 3 3 3
Investments 36 32 32 32 46 78 81 89 94 113 47 194 227
48 46 51 58 61 71 96 122 135 141 265 167 167
Total Assets 186 170 170 176 514 562 592 630 650 672 728 790 822

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 3 15 12 39 36 31 18 29 19 47 26
0 1 -0 -3 -35 -31 -28 -4 -25 -13 -41 -9
-5 -4 -10 -10 -3 -7 -5 -8 -5 -5 -6 -9
Net Cash Flow -0 -0 5 -1 1 -2 -2 5 -2 0 -1 7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 10 9 9 14 8 8 7 4 1 7 2 3
Inventory Days 87 61 70 90 113 144 131 224 294 189 179 219
Days Payable 210 176 211 205 148 136 105 124 112 73 57 46
Cash Conversion Cycle -114 -107 -133 -102 -27 16 33 104 182 122 124 176
Working Capital Days -48 -61 -64 -43 -14 -0 14 40 42 44 44 63
ROCE % -30% -28% 19% 36% 32% 19% 12% 10% 5% 9% 17% 13%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
45.17% 45.17% 45.17% 44.93% 44.93% 44.93% 44.93% 44.93% 44.93% 44.93% 44.93% 44.93%
0.18% 0.13% 1.70% 2.26% 1.73% 1.77% 1.89% 1.84% 1.70% 1.70% 1.71% 1.76%
0.01% 0.02% 0.01% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
54.64% 54.68% 53.12% 52.82% 53.32% 53.30% 53.17% 53.24% 53.37% 53.37% 53.37% 53.31%
No. of Shareholders 25,44524,82623,01521,94620,97520,50119,81320,27219,32017,49416,74616,982

* 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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