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 ₹ 101 Cr.
- Current Price ₹ 52.2
- High / Low ₹ 95.0 / 40.0
- Stock P/E 14.1
- Book Value ₹ 68.3
- Dividend Yield 0.00 %
- ROCE 9.87 %
- ROE 5.58 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.76 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: | -31% |
| 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 2018 | Oct 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Gross Current Assets (GCA) Days Days |
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| Number of Branch Partners / Channel Partners Numbers |
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| Number of States with Presence Numbers |
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| Number of Permanent Employees Numbers |
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| Total Installed Capacity Lakh sq. mtr |
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Extracted by Screener AI
Documents
Announcements
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Outcome of Board Meeting
29 May 2026 - Board approved FY26 audited results; revenue ₹254.08 crore, profit ₹7.19 crore, unmodified audit opinion.
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Structural Digital Database
28 May 2026 - Submitted SDD compliance certificate for FY ended March 31, 2026; no noncompliances observed.
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Disclosure under SEBI Takeover Regulations
21 May 2026 - Promoters declared no share encumbrance during FY ended March 31, 2026.
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Updates
21 April 2026 - NSE sought price-movement clarification; company said no unpublished price-sensitive information exists.
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Price movement
20 April 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 …
Product Portfolio[1] Plywood, Block Boards & Flush Doors, Veneer, Sawn Timber and are sold under the Brand name “Sylvan”