Sylvan Plyboard (India) Ltd
Incorporated in 2002, Sylvan Plyboard (India) Ltd is in the manufacturing of plywood, Block Board, Flush Doors, Veneers, and allied products.[1]
- Market Cap ₹ 104 Cr.
- Current Price ₹ 53.7
- High / Low ₹ 82.0 / 40.0
- Stock P/E 14.5
- Book Value ₹ 68.3
- Dividend Yield 0.00 %
- ROCE 9.87 %
- ROE 5.58 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.79 times its book value
- Company has delivered good profit growth of 79.1% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.05% 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
Consumer Discretionary Consumer Durables Consumer Durables Plywood Boards/ Laminates
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 169 | 104 | 164 | 188 | 213 | 231 | 253 | |
| 155 | 96 | 153 | 175 | 195 | 210 | 231 | |
| 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 | 9 |
| 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% | 27% |
| 3 | 0 | 3 | 4 | 6 | 7 | 7 | |
| EPS in Rs | 3.01 | 0.41 | 3.35 | 3.80 | 4.27 | 3.56 | 3.71 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 10% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 79% |
| 3 Years: | 28% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 6% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 14 | 19 | 19 |
| Reserves | 70 | 71 | 74 | 79 | 82 | 106 | 113 |
| 46 | 47 | 46 | 55 | 55 | 63 | 64 | |
| 57 | 39 | 53 | 61 | 67 | 74 | 76 | |
| Total Liabilities | 183 | 166 | 181 | 204 | 218 | 262 | 272 |
| 19 | 19 | 20 | 20 | 23 | 31 | 29 | |
| CWIP | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 163 | 147 | 161 | 183 | 193 | 231 | 243 | |
| Total Assets | 183 | 166 | 181 | 204 | 218 | 262 | 272 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -6 | 5 | 11 | 9 | 14 | 0 | 13 | |
| 4 | 5 | -3 | -4 | -1 | -7 | -3 | |
| -7 | 3 | -5 | -8 | -7 | 8 | -12 | |
| Net Cash Flow | -9 | 13 | 3 | -2 | 7 | 1 | -1 |
| Free Cash Flow | -8 | 4 | 8 | 7 | 8 | -9 | 11 |
| CFO/OP | -30% | 75% | 107% | 79% | 86% | 13% | 73% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 84 | 102 | 90 | 75 | 69 | 82 | 81 |
| Inventory Days | 355 | 541 | 326 | 374 | 349 | 394 | 399 |
| Days Payable | 161 | 176 | 140 | 161 | 155 | 161 | 159 |
| Cash Conversion Cycle | 278 | 467 | 276 | 288 | 263 | 315 | 321 |
| Working Capital Days | 109 | 211 | 132 | 122 | 110 | 134 | 132 |
| ROCE % | 6% | 7% | 9% | 12% | 11% | 10% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| States with Presence count |
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| Authorized Dealers and Sub-dealers count |
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| Capacity Utilization % |
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| Installed Capacity lakh sq. mtrs |
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| Manufactured Goods Revenue Share % of revenue from operations |
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| Plywood, Blockboard & Flush Door Revenue Share % of revenue from operations |
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Extracted by Screener AI
Documents
Announcements
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Integrated Filing- Governance
15 July 2026 - Quarterly governance filing for June 2026; nil investor complaints and ongoing tax disputes disclosed.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 July 2026 - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026; no rematerialisation requests.
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Updates
6 July 2026 - Company clarified significant share price movement was market-driven and no unpublished price-sensitive information exists.
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Price movement
6 July 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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General Updates
20 June 2026 - Internal Auditor Mayank Poddar resigned effective close of business June 22, 2026.
Business Overview:[1][2][3]
SPIL manufactures diverse wood products, including plywood, block boards, flush doors, and veneers, under the Sylvan brand. It distributes through 6,000+ branch partners and 1,500 dealers while trading imported timber.