Seshasayee Paper

₹323 8.4 | 2.7%

WEBSITE BSE:502450 NSE : SESHA.PAPER 10 May, 16:01

Market Cap ₹2037 Cr.

Stock P/E 7.2

P/B 1.1

Current Price ₹323

Book Value ₹ 303.1

Face Value 2

52W High ₹421.8

Dividend Yield 1.55%

52W Low ₹ 255.1

Edit Ratio

Seshasayee Paper Research see more...

Overview Inc. Year: 1960Industry: Paper & Paper Products

Seshasayee Paper and Boards Ltd (SPB) is a holding organisation. The Company is engaged within the manufacture of printing and writing papers. The Company is likewise engaged inside the manufacture of paper and paper boards at its unit at Erode and Tirunelveli. The Company's products range consists of MF I and MF II merchandise, MG merchandise, Yankee products and MF III products. Its MF I And MF II merchandise include Azurelaid, Azurelaid (A) and Color Printing (B); MG Products include MG Poster (W), MG Maplitho (W) and MG Plan Kraft (NS); Yankee products consist of MG Poster Plain/Ribbed (Beige), MG Poster (Orange) and MG Ribbed Kraft (YT), and MF III merchandise consist of SPB Grafic, NCR Base Paper and Maplitha (Pigment Coated). SPB produces a variety of products, which includes packing and wrapping papers, and specialty papers. SPB additionally has branded merchandise, inclusive of SPrint, Colour Sprint, Index, SprintPlus and Success. The Company's subsidiary is Esvi International (Engineers & Exporters) Ltd (Esvin).

Seshasayee Paper Share Price

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Peer Comparison

Seshasayee Paper Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	334	471	431	523	556	573	427	362	473	539
Other Income	3	4	5	7	9	9	11	14	11	13
Total Income	338	475	436	530	564	582	438	377	485	553
Total Expenditure	319	392	343	383	406	416	331	273	386	472
Operating Profit	19	83	93	147	158	165	106	104	99	81
Interest	1	1	1	1	1	1	1	1	1	1
Depreciation	10	11	12	12	12	10	11	11	11	11
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	8	72	80	135	146	154	94	92	88	70
Provision for Tax	2	18	20	34	37	38	24	23	22	17
Profit After Tax	6	54	60	100	109	116	70	69	66	53
Adjustments	0	3	1	6	2	2	2	4	3	4
Profit After Adjustments	6	57	60	106	112	118	72	73	69	57
Adjusted Earnings Per Share	1	9.4	10	17.7	18.5	19.5	11.9	12.2	11.5	9.4

Seshasayee Paper Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	834	1014	1026	1108	1105	1326	1184	782	1355	2083	1802	1801
Other Income	5	6	4	8	9	23	22	18	16	29	50	49
Total Income	839	1020	1030	1116	1114	1348	1207	801	1371	2112	1852	1853
Total Expenditure	729	925	918	894	898	1030	917	675	1189	1549	1462	1462
Operating Profit	110	95	112	222	216	319	289	126	181	563	390	390
Interest	44	37	32	23	14	14	7	3	3	3	2	4
Depreciation	49	29	29	31	32	34	35	38	41	45	44	44
Exceptional Income / Expenses	0	-3	0	0	5	0	0	0	0	0	0	0
Profit Before Tax	16	25	50	168	175	271	247	85	138	525	357	344
Provision for Tax	-4	8	15	40	52	81	74	-14	36	130	86	86
Profit After Tax	21	17	36	128	122	190	173	99	102	396	271	258
Adjustments	0	-1	0	5	1	2	9	7	8	0	0	13
Profit After Adjustments	21	16	36	133	123	192	182	106	110	396	271	271
Adjusted Earnings Per Share	3.6	2.6	5.7	21	19.6	30.5	30.2	17.7	18.3	65.8	45	45

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-13%	32%	6%	8%
Operating Profit CAGR	-31%	46%	4%	13%
PAT CAGR	-32%	40%	7%	29%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	13%	27%	12%	23%
ROE Average	15%	17%	16%	15%
ROCE Average	20%	23%	20%	19%

Seshasayee Paper Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	363	414	442	605	725	893	1019	1143	1255	1635	1911
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	195	158	157	117	92	51	7	3	1	0	0
Other Non-Current Liabilities	106	126	140	115	134	160	189	153	158	160	166
Total Current Liabilities	454	425	395	282	329	332	233	218	246	283	315
Total Liabilities	1118	1123	1135	1118	1281	1436	1448	1518	1660	2079	2391
Fixed Assets	726	661	638	649	684	684	686	746	827	807	788
Other Non-Current Assets	36	78	123	170	164	170	161	207	239	413	554
Total Current Assets	357	384	374	300	433	583	600	564	594	858	1050
Total Assets	1118	1123	1135	1118	1281	1436	1448	1518	1660	2079	2391

Seshasayee Paper Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	6	30	10	10	20	144	312	205	114	116	51
Cash Flow from Operating Activities	209	105	112	200	225	273	165	-7	276	329	202
Cash Flow from Investing Activities	-320	-20	-46	-36	-50	-16	-26	-54	-251	-372	-225
Cash Flow from Financing Activities	176	-104	-66	-154	-51	-89	-124	-31	-22	-22	-19
Net Cash Inflow / Outflow	65	-20	0	10	124	168	15	-91	3	-66	-42
Closing Cash & Cash Equivalent	74	10	10	20	144	312	326	114	116	51	9

Seshasayee Paper Ratios

#	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	3.65	2.61	5.72	21.03	19.55	30.46	30.16	17.67	18.28	65.75	44.98
CEPS(Rs)	12.38	7.41	10.21	25.15	24.48	35.46	34.57	22.75	23.73	73.28	52.26
DPS(Rs)	0.8	0.8	1	2	3	4	4	2.5	2.5	6	5
Book NAV/Share(Rs)	64.34	65.63	70.14	95.95	115.06	141.67	169.31	189.82	208.52	271.65	317.49
Core EBITDA Margin(%)	11.92	8.38	9.95	18.33	17.73	21.4	21.46	13.09	11.68	24.36	17.83
EBIT Margin(%)	6.92	5.88	7.68	16.38	16.17	20.61	20.44	10.75	9.89	24.11	18.83
Pre Tax Margin(%)	1.87	2.39	4.67	14.39	14.95	19.61	19.89	10.4	9.69	23.96	18.71
PAT Margin (%)	2.33	1.63	3.3	10.96	10.47	13.73	13.91	12.08	7.19	18.05	14.2
Cash Profit Margin (%)	7.91	4.37	5.98	13.59	13.2	16.17	16.73	16.66	10.07	20.12	16.5
ROA(%)	1.83	1.55	3.15	11.35	10.2	13.97	12	6.7	6.42	21.18	12.11
ROE(%)	5.67	4.48	8.31	24.43	18.4	23.44	18.1	9.19	8.51	27.39	15.27
ROCE(%)	7.64	8.15	11.12	25.15	22.91	30.56	25.18	8.11	11.65	36.53	20.12
Receivable days	41.07	38.03	42.84	36.75	33.18	24.63	23.58	36.13	23.55	16.38	20.53
Inventory Days	36.11	37.84	42.1	38.01	44.76	38.6	44.61	88.1	45.18	30.37	50.61
Payable days	153.68	147.69	190.46	182.24	197.39	202.13	249.88	332.5	128.6	123.14	145.63
PER(x)	12	14.18	8.17	7.44	8.9	6.12	3.45	9.13	9.57	3.59	6.55
Price/Book(x)	0.68	0.56	0.67	1.63	1.51	1.32	0.61	0.85	0.84	0.87	0.93
Dividend Yield(%)	1.83	2.16	2.14	1.28	1.72	2.15	3.85	1.55	1.43	2.54	1.7
EV/Net Sales(x)	0.73	0.54	0.57	1.03	1	0.72	0.26	0.99	0.54	0.44	0.66
EV/Core EBITDA(x)	5.51	5.79	5.25	5.13	5.1	3.01	1.07	6.12	4.01	1.64	3.04
Net Sales Growth(%)	0	21.7	1.1	8.03	-0.27	19.95	-10.66	-33.96	73.29	53.69	-13.49
EBIT Growth(%)	0	3.04	31.76	131.09	-1.1	50.71	-10.77	-65.25	58.88	276.63	-32.1
PAT Growth(%)	0	-15.19	104.72	259.3	-4.33	55.05	-8.79	-42.62	2.72	288.08	-31.6
EPS Growth(%)	0	-28.26	118.56	267.95	-7.01	55.78	-0.98	-41.42	3.43	259.79	-31.6
Debt/Equity(x)	1.2	0.79	0.68	0.28	0.21	0.11	0.01	0.01	0	0	0.01
Current Ratio(x)	0.79	0.9	0.95	1.06	1.31	1.76	2.57	2.59	2.42	3.03	3.34
Quick Ratio(x)	0.59	0.59	0.66	0.6	0.84	1.35	1.85	1.55	1.91	2.18	2.42
Interest Cover(x)	1.37	1.68	2.56	8.23	13.22	20.63	36.9	30.36	48.91	165.73	167.75
Total Debt/Mcap(x)	1.77	1.41	1.02	0.17	0.14	0.08	0.02	0.01	0	0	0.01

Seshasayee Paper Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	42.65	42.8	42.78	42.78	42.78	42.78	42.78	42.78	42.78	42.78
FII	10.96	10.71	10.98	12.04	12.73	12.73	12.86	12.86	12.98	12.97
DII	14.51	14.51	14.49	14.49	14.48	14.48	14.48	14.3	14.29	14.29
Public	31.88	31.98	31.75	30.7	30.01	30.01	29.88	30.06	29.95	29.96
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	2.69	2.7	2.7	2.7	2.7	2.7	2.7	2.7	2.7	2.7
FII	0.69	0.68	0.69	0.76	0.8	0.8	0.81	0.81	0.82	0.82
DII	0.91	0.92	0.91	0.91	0.91	0.91	0.91	0.9	0.9	0.9
Public	2.01	2.02	2	1.94	1.89	1.89	1.88	1.9	1.89	1.89
Others	0	0	0	0	0	0	0	0	0	0
Total	6.31	6.31	6.31	6.31	6.31	6.31	6.31	6.31	6.31	6.31

Pros

Company is almost debt free.

Cons

Promoter holding is low: 42.78%.
Debtor days have increased from 123.14 to 145.63days.
The company has delivered a poor profit growth of 7% over past five 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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Seshasayee Paper

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Seshasayee Paper Research see more...

Overview Inc. Year: 1960Industry: Paper & Paper Products

Seshasayee Paper Share Price

Alert Data

Quarterly Price

Peer Comparison

Seshasayee Paper Quarterly Results

Seshasayee Paper Profit & Loss

Growth Rates

Seshasayee Paper Balance Sheet

Seshasayee Paper Cash Flow

Seshasayee Paper Ratios

Seshasayee Paper Shareholding Pattern

Seshasayee Paper News

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