Star Paper Mills Ltd

₹ 196 3.08%
06 Oct 4:01 p.m.
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. [1]

Key Points

Products
Cultural Papers: Used in Diary/calendar printing, Map Printing,Wedding/Invitation/Greeting Card Mfg, etc.
Industrial Papers: Used in Decorative / Industrial Laminates, Foil Lamination, Envelope Mfg, Identity Card, etc.
Other Grades: Used in Braille press / TextBook, Defense /Ammunition Packing, Banks etc. [1]

  • Market Cap 305 Cr.
  • Current Price 196
  • High / Low 221 / 110
  • Stock P/E 6.51
  • Book Value 343
  • Dividend Yield 1.79 %
  • ROCE 8.58 %
  • ROE 7.06 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.56 times its book value
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of 0.39% over past five years.
  • Company has a low return on equity of 6.02% over last 3 years.
  • Promoters have pledged 47.5% of their holding.
  • Earnings include an other income of Rs.18.5 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
89 74 89 89 26 55 66 87 48 77 93 113 119
75 63 77 78 29 52 56 75 43 70 83 103 103
Operating Profit 14 11 11 11 -3 3 10 11 5 7 10 10 16
OPM % 16% 15% 13% 13% -11% 5% 16% 13% 10% 9% 11% 9% 13%
2 2 2 2 5 1 2 1 3 4 3 8 4
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 14 12 12 11 0 3 11 11 6 10 11 17 18
Tax % 3% 44% 23% 32% 4% 39% 30% 28% 24% 29% 37% -5% 15%
Net Profit 14 7 9 8 0 2 8 8 5 7 7 18 15
EPS in Rs 8.86 4.32 5.70 5.00 0.17 1.02 5.02 5.01 3.08 4.37 4.61 11.41 9.79
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
260 228 273 275 271 272 324 347 378 341 233 331 402
271 267 290 283 256 246 253 274 328 293 212 299 359
Operating Profit -12 -39 -17 -8 15 27 71 72 49 48 21 32 43
OPM % -4% -17% -6% -3% 5% 10% 22% 21% 13% 14% 9% 10% 11%
10 11 1 -2 1 1 2 5 7 7 9 18 19
Interest 2 3 5 5 3 3 1 1 1 1 1 0 0
Depreciation 12 11 11 11 5 4 4 4 4 5 5 5 5
Profit before tax -15 -42 -32 -26 8 21 68 72 52 49 25 44 56
Tax % 33% 0% 6% 15% -107% 20% 11% 25% -3% 24% 30% 17%
Net Profit -10 -42 -30 -22 16 16 60 54 53 37 18 37 47
EPS in Rs -6.50 -27.16 -18.93 -14.15 9.96 10.57 38.67 34.76 34.08 23.88 11.22 23.48 30.18
Dividend Payout % -8% 0% 0% 0% 0% 0% 5% 7% 7% 10% 22% 15%
Compounded Sales Growth
10 Years: 4%
5 Years: 0%
3 Years: -4%
TTM: 58%
Compounded Profit Growth
10 Years: 11%
5 Years: -10%
3 Years: -11%
TTM: 114%
Stock Price CAGR
10 Years: 29%
5 Years: 2%
3 Years: 19%
1 Year: 24%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 6%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
16 16 16 16 16 16 16 16 16 16 16 16
Reserves 111 68 39 17 31 48 337 390 440 473 486 519
15 20 20 20 14 7 4 2 1 0 1 1
75 95 112 117 109 106 157 154 135 142 147 136
Total Liabilities 216 200 186 170 170 176 514 562 592 630 650 672
121 112 100 91 86 85 404 405 410 412 415 415
CWIP 3 2 2 1 1 1 2 7 4 7 6 3
Investments 36 36 36 32 32 32 46 78 81 89 94 113
56 50 48 46 51 58 61 71 96 122 135 141
Total Assets 216 200 186 170 170 176 514 562 592 630 650 672

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-7 -1 4 3 15 12 39 36 31 18 29 19
-1 0 0 1 -0 -3 -35 -31 -28 -4 -25 -13
8 1 -5 -4 -10 -10 -3 -7 -5 -8 -5 -5
Net Cash Flow -1 0 -0 -0 5 -1 1 -2 -2 5 -2 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 13 11 10 9 9 14 8 8 7 4 1 7
Inventory Days 121 112 87 61 70 90 113 144 131 224 294 189
Days Payable 71 157 210 176 211 205 148 136 105 124 112 73
Cash Conversion Cycle 63 -34 -114 -107 -133 -102 -27 16 33 104 182 122
Working Capital Days 27 -14 -48 -61 -64 -43 -14 -0 14 40 42 44
ROCE % -9% -32% -30% -28% 19% 36% 32% 19% 12% 10% 5% 9%

Shareholding Pattern

Numbers in percentages

8 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
45.56 45.17 45.17 45.17 45.17 45.17 45.17 45.17 45.17 45.17 45.17 45.17
0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.00 0.02 0.18 0.13 1.70
0.20 0.23 0.48 0.54 0.01 0.01 0.01 0.01 0.02 0.01 0.02 0.01
54.11 54.47 54.22 54.16 54.69 54.69 54.69 54.82 54.79 54.64 54.68 53.12

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