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Seshasayee Paper Overview

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); Yan...Read More

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Seshasayee Paper Key Financials

Market Cap ₹1536 Cr.

Stock P/E 14.1

P/B 0.8

Current Price ₹243.6

Book Value ₹ 322.2

Face Value 2

52W High ₹323.8

Dividend Yield 1.03%

52W Low ₹ 213

Seshasayee Paper Share Price

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Volume
Price

Seshasayee Paper Quarterly Price

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Seshasayee Paper Peer Comparison

Seshasayee Paper Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 362 473 539 422 398 431 502 385 346 387
Other Income 14 11 13 15 15 21 18 14 13 10
Total Income 377 485 553 437 414 452 521 399 360 397
Total Expenditure 273 386 472 374 368 424 477 364 320 362
Operating Profit 104 99 81 62 46 28 43 35 40 35
Interest 1 1 1 1 1 2 4 1 4 3
Depreciation 11 11 11 11 11 11 11 12 11 11
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 92 88 70 50 33 15 28 22 24 21
Provision for Tax 23 22 17 13 9 -1 2 6 6 6
Profit After Tax 69 66 53 37 25 16 26 16 18 16
Adjustments 4 3 4 0 4 1 1 -1 5 3
Profit After Adjustments 73 69 57 37 28 17 27 15 22 19
Adjusted Earnings Per Share 12.2 11.5 9.4 6.1 4.7 2.8 4.5 2.6 3.7 3.1

Seshasayee Paper Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1014 1026 1108 1105 1326 1184 782 1355 2083 1802 1754 1620
Other Income 6 4 8 9 23 22 18 16 29 50 69 55
Total Income 1020 1030 1116 1114 1348 1207 801 1371 2112 1852 1823 1677
Total Expenditure 925 918 894 898 1030 917 675 1189 1549 1462 1643 1523
Operating Profit 95 112 222 216 319 289 126 181 563 390 180 153
Interest 37 32 23 14 14 7 3 3 3 2 8 12
Depreciation 29 29 31 32 34 35 38 41 45 44 45 45
Exceptional Income / Expenses -3 0 0 5 0 0 0 0 0 0 0 0
Profit Before Tax 25 50 168 175 271 247 85 138 525 357 132 95
Provision for Tax 8 15 40 52 81 74 -14 36 130 86 23 20
Profit After Tax 17 36 128 122 190 173 99 102 396 271 109 76
Adjustments -1 0 5 1 2 9 7 8 0 0 0 8
Profit After Adjustments 16 36 133 123 192 182 106 110 396 271 109 83
Adjusted Earnings Per Share 2.6 5.7 21 19.6 30.5 30.2 17.7 18.3 65.8 45 18.1 13.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -3% 9% 8% 6%
Operating Profit CAGR -54% -0% -9% 7%
PAT CAGR -60% 2% -9% 20%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -8% -1% 9% 17%
ROE Average 6% 16% 13% 15%
ROCE Average 7% 21% 17% 19%

Seshasayee Paper Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 414 442 605 725 893 1019 1143 1255 1635 1911 1988
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 158 157 117 92 51 7 3 1 0 0 0
Other Non-Current Liabilities 126 140 115 134 160 189 153 158 160 166 168
Total Current Liabilities 425 395 282 329 332 233 218 246 283 315 365
Total Liabilities 1123 1135 1118 1281 1436 1448 1518 1660 2079 2391 2522
Fixed Assets 661 638 649 684 684 686 746 827 807 788 768
Other Non-Current Assets 78 123 170 164 170 161 207 239 413 554 507
Total Current Assets 384 374 300 433 583 600 564 594 858 1050 1246
Total Assets 1123 1135 1118 1281 1436 1448 1518 1660 2079 2391 2522

Seshasayee Paper Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 30 10 10 20 144 312 205 114 116 51 9
Cash Flow from Operating Activities 105 112 200 225 273 165 -7 276 329 202 -61
Cash Flow from Investing Activities -20 -46 -36 -50 -16 -26 -54 -251 -372 -225 42
Cash Flow from Financing Activities -104 -66 -154 -51 -89 -124 -31 -22 -22 -19 23
Net Cash Inflow / Outflow -20 0 10 124 168 15 -91 3 -66 -42 5
Closing Cash & Cash Equivalent 10 10 20 144 312 326 114 116 51 9 13

Seshasayee Paper Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.62 5.72 21.03 19.55 30.46 30.16 17.67 18.28 65.75 44.98 18.13
CEPS(Rs) 7.41 10.21 25.15 24.48 35.46 34.57 22.75 23.73 73.28 52.26 25.66
DPS(Rs) 0.8 1 2 3 4 4 2.5 2.5 6 5 2.5
Book NAV/Share(Rs) 65.63 70.14 95.95 115.06 141.67 169.31 189.82 208.52 271.65 317.49 330.3
Core EBITDA Margin(%) 8.38 9.95 18.33 17.73 21.4 21.46 13.09 11.68 24.36 17.83 5.98
EBIT Margin(%) 5.88 7.68 16.38 16.17 20.61 20.44 10.75 9.89 24.11 18.83 7.57
Pre Tax Margin(%) 2.39 4.67 14.39 14.95 19.61 19.89 10.4 9.69 23.96 18.71 7.12
PAT Margin (%) 1.63 3.3 10.96 10.47 13.73 13.91 12.08 7.19 18.05 14.2 5.86
Cash Profit Margin (%) 4.37 5.98 13.59 13.2 16.17 16.73 16.66 10.07 20.12 16.5 8.29
ROA(%) 1.55 3.15 11.35 10.2 13.97 12 6.7 6.42 21.18 12.11 4.44
ROE(%) 4.48 8.31 24.43 18.4 23.44 18.1 9.19 8.51 27.39 15.27 5.6
ROCE(%) 8.15 11.12 25.15 22.91 30.56 25.18 8.11 11.65 36.53 20.12 7.04
Receivable days 38.03 42.84 36.75 33.18 24.63 23.58 36.13 23.55 16.38 20.53 26.2
Inventory Days 37.84 42.1 38.01 44.76 38.6 44.61 88.1 45.18 30.37 50.61 62.92
Payable days 147.69 190.46 182.24 197.39 202.13 249.88 332.5 128.6 123.14 145.63 118.19
PER(x) 14.18 8.17 7.44 8.9 6.12 3.45 9.13 9.57 3.59 6.55 14.35
Price/Book(x) 0.57 0.67 1.63 1.51 1.32 0.61 0.85 0.84 0.87 0.93 0.79
Dividend Yield(%) 2.16 2.14 1.28 1.72 2.15 3.85 1.55 1.43 2.54 1.7 0.96
EV/Net Sales(x) 0.54 0.57 1.03 1 0.72 0.26 0.99 0.54 0.44 0.66 0.56
EV/Core EBITDA(x) 5.79 5.25 5.13 5.1 3.01 1.07 6.12 4.01 1.64 3.04 5.42
Net Sales Growth(%) 21.7 1.1 8.03 -0.27 19.95 -10.66 -33.96 73.29 53.69 -13.49 -2.63
EBIT Growth(%) 3.04 31.76 131.09 -1.1 50.71 -10.77 -65.25 58.88 276.63 -32.1 -60.75
PAT Growth(%) -15.19 104.72 259.3 -4.33 55.05 -8.79 -42.62 2.72 288.08 -31.6 -59.68
EPS Growth(%) -28.26 118.55 267.95 -7.01 55.78 -0.98 -41.42 3.43 259.79 -31.6 -59.68
Debt/Equity(x) 0.79 0.68 0.28 0.21 0.11 0.01 0.01 0 0 0.01 0.04
Current Ratio(x) 0.9 0.95 1.06 1.31 1.76 2.57 2.59 2.42 3.03 3.34 3.41
Quick Ratio(x) 0.59 0.66 0.6 0.84 1.35 1.85 1.55 1.91 2.18 2.42 2.44
Interest Cover(x) 1.68 2.56 8.23 13.22 20.63 36.9 30.36 48.91 165.73 167.75 16.72
Total Debt/Mcap(x) 1.41 1.02 0.17 0.14 0.08 0.02 0.01 0 0 0.01 0.05

Seshasayee Paper Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 42.78 42.78 42.78 42.78 42.78 42.81 42.9 42.9 42.9 43.03
FII 12.86 12.98 12.97 13.01 13.11 13.05 13.06 13.03 13.02 12.99
DII 14.3 14.29 14.29 14.33 14.35 14.35 14.36 14.36 14.37 14.37
Public 30.06 29.95 29.96 29.88 29.76 29.78 29.68 29.71 29.71 29.61
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Seshasayee Paper News

Seshasayee Paper Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Debtor days have improved from 145.63 to 118.19days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 43.03%.
  • The company has delivered a poor profit growth of -8% over past five years.
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