Sylvan Plyboard (India) Ltd
Incorporated in 2002, Sylvan Plyboard (India) Ltd is engaged in the manufacturing of various wood products such as plywood, block board, flush door, veneer, and sawn timber across various grades.[1]
- Market Cap ₹ 143 Cr.
- Current Price ₹ 73.7
- High / Low ₹ 139 / 55.0
- Stock P/E 23.7
- Book Value ₹ 62.8
- Dividend Yield 0.00 %
- ROCE 11.8 %
- ROE 6.54 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.17 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.70% over last 3 years.
* 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: Miscellaneous Industry: Miscellaneous
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 169 | 104 | 164 | 188 | 213 | |
| 155 | 96 | 153 | 175 | 195 | |
| Operating Profit | 14 | 8 | 11 | 13 | 18 |
| OPM % | 8% | 8% | 6% | 7% | 9% |
| -0 | 1 | 1 | 1 | 2 | |
| Interest | 8 | 7 | 6 | 7 | 9 |
| Depreciation | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 4 | 1 | 4 | 5 | 9 |
| Tax % | 24% | 27% | 22% | 23% | 31% |
| 3 | 0 | 3 | 4 | 6 | |
| EPS in Rs | 3.01 | 0.41 | 3.35 | 3.80 | 4.27 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 149% |
| TTM: | 76% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 5% |
| Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 14 | 19 |
| Reserves | 70 | 71 | 74 | 79 | 82 | 102 |
| 46 | 47 | 46 | 55 | 55 | 69 | |
| 57 | 39 | 53 | 61 | 67 | 70 | |
| Total Liabilities | 183 | 166 | 181 | 204 | 218 | 260 |
| 19 | 19 | 20 | 20 | 23 | 26 | |
| CWIP | 0 | 0 | 0 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 163 | 147 | 161 | 183 | 193 | 233 | |
| Total Assets | 183 | 166 | 181 | 204 | 218 | 260 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -6 | 5 | 11 | 9 | 13 | |
| 4 | 5 | -3 | -4 | 0 | |
| -7 | 3 | -5 | -8 | -7 | |
| Net Cash Flow | -9 | 13 | 3 | -2 | 7 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 84 | 102 | 90 | 75 | 69 |
| Inventory Days | 355 | 541 | 326 | 374 | 349 |
| Days Payable | 161 | 176 | 140 | 161 | 155 |
| Cash Conversion Cycle | 278 | 467 | 276 | 288 | 263 |
| Working Capital Days | 206 | 348 | 217 | 218 | 195 |
| ROCE % | 6% | 7% | 9% | 12% |
Documents
Announcements
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
8 April 2025 - Exemption from corporate governance report due to SME listing.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
8 April 2025 - Submission of SEBI Regulation 74(5) compliance certificate for March 2025 quarter.
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Trading Window
26 March 2025 - Closure of trading window from April 1, 2025.
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Trading Window-XBRL
26 March 2025 - SYLVAN PLYBOARD (INDIA) LIMITED has informed about Closure of Trading Window
-
General Updates
21 February 2025 - Cautionary email from NSE for delayed AGM proceedings submission
Product Portfolio[1] Plywood, Block Boards & Flush Doors, Veneer, Sawn Timber and are sold under the Brand name “Sylvan”