Sylvan Plyboard (India) Ltd
₹ 50.4
0.30%
12 Feb
- close price
About
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]
Key Points
- Market Cap ₹ 97.6 Cr.
- Current Price ₹ 50.4
- High / Low ₹ 95.0 / 45.0
- Stock P/E 13.4
- Book Value ₹ 66.6
- Dividend Yield 0.00 %
- ROCE 11.5 %
- ROE 6.19 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.76 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.40% over past five years.
- Company has a low return on equity of 5.66% 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.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 169 | 104 | 164 | 188 | 213 | 231 | 255 | |
| 155 | 96 | 153 | 175 | 195 | 210 | 233 | |
| Operating Profit | 14 | 8 | 11 | 13 | 18 | 21 | 22 |
| OPM % | 8% | 8% | 6% | 7% | 9% | 9% | 9% |
| -0 | 1 | 1 | 1 | 2 | 2 | 1 | |
| Interest | 8 | 7 | 6 | 7 | 9 | 10 | 10 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 3 | 4 |
| Profit before tax | 4 | 1 | 4 | 5 | 9 | 9 | 10 |
| Tax % | 24% | 27% | 22% | 23% | 31% | 24% | |
| 3 | 0 | 3 | 4 | 6 | 7 | 7 | |
| EPS in Rs | 3.01 | 0.41 | 3.35 | 3.80 | 4.27 | 3.56 | 3.76 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 12% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 36% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 6% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 14 | 19 | 19 |
| Reserves | 70 | 71 | 74 | 79 | 82 | 106 | 110 |
| 46 | 47 | 46 | 55 | 55 | 63 | 70 | |
| 57 | 39 | 53 | 61 | 67 | 74 | 61 | |
| Total Liabilities | 183 | 166 | 181 | 204 | 218 | 262 | 260 |
| 19 | 19 | 20 | 20 | 23 | 31 | 30 | |
| CWIP | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 163 | 147 | 161 | 183 | 193 | 231 | 230 | |
| Total Assets | 183 | 166 | 181 | 204 | 218 | 262 | 260 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -6 | 5 | 11 | 9 | 14 | 0 | |
| 4 | 5 | -3 | -4 | -1 | -7 | |
| -7 | 3 | -5 | -8 | -7 | 8 | |
| Net Cash Flow | -9 | 13 | 3 | -2 | 7 | 1 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 84 | 102 | 90 | 75 | 69 | 82 |
| Inventory Days | 355 | 541 | 326 | 374 | 349 | 394 |
| Days Payable | 161 | 176 | 140 | 161 | 155 | 161 |
| Cash Conversion Cycle | 278 | 467 | 276 | 288 | 263 | 315 |
| Working Capital Days | 109 | 211 | 132 | 122 | 110 | 134 |
| ROCE % | 6% | 7% | 9% | 12% | 11% |
Documents
Announcements
-
Shareholders meeting
24 January 2026 - Members approved FPO up to 5,500,000 equity shares for NSE Emerge; remote e-vote Jan 2, 2026.
-
Integrated Filing- Governance
14 January 2026 - Integrated governance filing; tax demands Rs340.00L and Rs103.75L (total Rs443.75L) pending before Supreme Court.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 January 2026 - Certificate under Reg.74(5) for quarter ended 31-Dec-2025: all shares in demat, no rematerialisation requests.
-
Credit Rating
12 January 2026 - Acuite assigned/reaffirmed ratings on Rs132.00 Cr; LT ACUITE BBB (Stable); ST ACUITE A3+; letter dated 08-Jan-2026.
-
Shareholders meeting
5 January 2026 - Special resolution passed on Jan 02, 2026 approving FPO of up to 5,500,000 equity shares.
Product Portfolio[1] Plywood, Block Boards & Flush Doors, Veneer, Sawn Timber and are sold under the Brand name “Sylvan”