Sundaram Multi Pap Ltd

About

Sundaram Multi Pap is engaged in design, manufacture and market paper stationery products exercise note books, long books, note pads, scrap books, drawing books, graph books - for students of all ages, as well as of ice/corporate stationery products and

  • Market Cap 94.8 Cr.
  • Current Price 2.00
  • High / Low 2.72 / 1.05
  • Stock P/E
  • Book Value 2.11
  • Dividend Yield 0.00 %
  • ROCE 5.55 %
  • ROE -3.08 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.95 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.69% over past five years.
  • Promoter holding is low: 31.05%
  • Company has a low return on equity of -0.73% for last 3 years.
  • Earnings include an other income of Rs.4.71 Cr.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
34.99 18.32 14.16 32.12 38.04 18.52 14.65 25.78
30.01 15.59 11.88 27.37 33.45 16.34 15.46 25.13
Operating Profit 4.98 2.73 2.28 4.75 4.59 2.18 -0.81 0.65
OPM % 14.23% 14.90% 16.10% 14.79% 12.07% 11.77% -5.53% 2.52%
Other Income 0.77 0.66 0.66 0.00 0.67 -0.41 3.89 0.56
Interest 1.90 1.78 1.96 1.76 3.69 1.73 2.24 2.24
Depreciation 0.60 0.69 0.99 1.30 0.83 0.88 0.85 1.55
Profit before tax 3.25 0.92 -0.01 1.69 0.74 -0.84 -0.01 -2.58
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 3.26 0.92 -0.01 1.69 0.74 -0.85 -0.02 -2.58
EPS in Rs 0.12 0.03 -0.00 0.06 0.03 -0.03 -0.00 -0.09

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
150.17 194.34 179.94 189.06 156.37 84.92 98.52 99.24 108.64 99.59 96.99
131.34 173.30 158.15 164.71 138.83 83.79 85.89 81.82 96.39 84.80 90.40
Operating Profit 18.83 21.04 21.79 24.35 17.54 1.13 12.63 17.42 12.25 14.79 6.59
OPM % 12.54% 10.83% 12.11% 12.88% 11.22% 1.33% 12.82% 17.55% 11.28% 14.85% 6.79%
Other Income 1.45 2.03 2.27 3.74 1.33 -3.19 -6.50 -7.81 -15.85 2.05 4.71
Interest 6.56 7.97 12.80 17.15 17.96 16.06 12.31 11.19 8.93 7.40 9.89
Depreciation 3.21 4.78 5.27 6.83 6.91 5.29 3.99 3.06 2.69 2.83 4.11
Profit before tax 10.51 10.32 5.99 4.11 -6.00 -23.41 -10.17 -4.64 -15.22 6.61 -2.70
Tax % 26.36% 34.59% 19.20% 73.97% 40.33% 3.16% 14.26% -33.19% -23.92% 0.00% 0.00%
Net Profit 7.74 6.75 4.84 1.07 -3.59 -22.67 -8.72 -6.17 -18.86 5.73 -2.70
EPS in Rs 0.36 0.31 0.22 0.05 -0.17 -1.05 -0.40 -0.25 -0.69 0.21 -0.10
Dividend Payout % 18.58% 21.30% 29.71% 201.50% -6.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:-4%
5 Years:3%
3 Years:-1%
TTM:-3%
Compounded Profit Growth
10 Years:%
5 Years:13%
3 Years:%
TTM:-147%
Stock Price CAGR
10 Years:-18%
5 Years:-15%
3 Years:-5%
1 Year:74%
Return on Equity
10 Years:-1%
5 Years:-1%
3 Years:-1%
Last Year:-3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
7.19 7.19 7.19 21.56 21.56 21.56 21.56 24.56 27.16 27.16 47.39
Reserves 91.51 96.58 99.75 84.11 124.64 73.46 60.09 56.00 42.45 48.24 52.37
Borrowings 69.72 76.08 109.75 127.23 120.12 105.80 93.48 66.80 58.71 43.42 40.33
21.59 33.87 33.14 41.26 22.25 14.29 13.04 30.99 23.59 35.13 18.02
Total Liabilities 190.01 213.72 249.83 274.16 288.57 215.11 188.17 178.35 151.91 153.95 158.11
84.83 90.30 101.16 95.09 137.88 101.45 91.93 58.55 56.71 60.05 63.95
CWIP 9.96 7.91 0.10 2.96 0.00 0.00 0.06 0.00 0.00 0.00 0.00
Investments 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.23
95.21 115.50 148.56 176.10 150.68 113.65 96.18 119.80 95.20 93.90 93.93
Total Assets 190.01 213.72 249.83 274.16 288.57 215.11 188.17 178.35 151.91 153.95 158.11

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-2.87 10.45 -2.10 -1.14 23.30 25.50 23.13 1.96 4.72 7.73
-11.72 -10.13 -8.40 -3.12 -2.53 18.48 9.37 0.85 4.56 -4.32
17.03 -0.93 11.39 3.75 -21.65 -44.21 -32.25 -4.11 -9.34 -3.39
Net Cash Flow 2.44 -0.61 0.89 -0.51 -0.88 -0.22 0.24 -1.30 -0.06 0.02

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Debtor Days 116.47 73.76 138.52 163.81 123.83 108.23 112.44 111.07 68.10 77.70 64.09
Inventory Days 109.58 145.25 159.95 150.33 200.44 354.00 219.01 144.61 184.68 213.39 201.26
Days Payable 40.25 27.17 73.97 82.65 45.71 51.22 47.18 65.84 82.75 44.94 13.42
Cash Conversion Cycle 185.81 191.84 224.51 231.48 278.55 411.01 284.27 189.85 170.03 246.15 251.93
Working Capital Days 177.36 146.63 216.15 238.29 275.69 389.24 270.01 274.93 239.95 288.80 153.96
ROCE % 10.51% 9.96% 9.24% 4.86% -1.69% 4.80% 10.08% 8.85% 11.38% 5.55%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
22.86 22.26 22.26 22.26 22.26 22.26 22.26 31.05 31.05 31.05 31.05 31.05
0.09 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3.37 3.37 3.37 3.37 3.37 3.48 3.37 1.93 1.93 1.93 1.93 1.93
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.00 0.00
73.68 74.28 74.37 74.37 74.37 74.26 74.37 67.02 67.02 66.90 67.02 67.02

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