Star Paper Mills Ltd
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]
- 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
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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Nov - Copy of paper advertisement -results for the quarter & half year ended 30th Sept., 2023.
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Announcement under Regulation 30 (LODR)-Meeting Updates
9 Nov - Audit Committee and the Board in their respective meetings held today-9th Nov., 2023 has inter-alia approved payment of Brand usage fee/royalty at a rate of …
- RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPT., 2023 9 Nov
- Board Meeting Intimation for Board Meeting To Inter Alia Consider And Approve Results For The Quarter & Half Year Ended 30Th Sept., 2023. 31 Oct
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Oct - Certificate under Reg. 74(5) of SEBI(DP) Regulations , 2018 for the quarter ended 30th Sept., 2023 is attached.
Annual reports
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Financial Year 2023
from bse
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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
from nse
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Financial Year 2011
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Financial Year 2010
from bse
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.