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South India Paper

₹79.1 -0.6 | 0.8%

Market Cap ₹148 Cr.

Stock P/E -15.4

P/B 0.7

Current Price ₹79.1

Book Value ₹ 114.7

Face Value 10

52W High ₹114.2

Dividend Yield 0%

52W Low ₹ 65.1

South India Paper Research see more...

Overview Inc. Year: 1959Industry: Paper & Paper Products

South India Paper Mills Ltd is a reputable company engaged in the manufacture and distribution of paper products in southern India. With a strong presence in the paper industry for several decades, the company has established itself as a trusted provider of high-quality paper solutions. South India Paper Mills specializes in producing a diverse range of paper products, including writing paper, printing paper, packaging paper, and specialty papers for various applications. They utilize advanced manufacturing techniques and employ a skilled workforce to ensure consistent product quality and meet the growing demands of customers. The company's commitment to environmental sustainability is reflected in its use of eco-friendly materials and adherence to responsible production practices. South India Paper Mills aims to cater to the diverse needs of its customers while maintaining its position as a leading player in the paper manufacturing industry in South India.

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South India Paper Share Price

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South India Paper Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 77 73 72 91 90 102 84 94 107 112
Other Income 0 0 0 1 0 0 0 0 0 0
Total Income 77 73 72 91 90 102 84 94 107 112
Total Expenditure 74 68 67 85 85 95 79 88 96 99
Operating Profit 3 5 5 6 5 7 4 6 11 13
Interest 4 5 5 5 5 5 5 5 5 5
Depreciation 4 5 4 4 4 4 4 4 4 4
Exceptional Income / Expenses 0 0 -0 -0 0 1 0 0 0 0
Profit Before Tax -6 -5 -4 -4 -4 -2 -4 -3 1 4
Provision for Tax -1 -1 -1 -1 -1 -0 -1 -1 0 1
Profit After Tax -4 -3 -3 -3 -3 -1 -3 -2 1 3
Adjustments 0 0 0 0 0 0 -0 -0 0 0
Profit After Adjustments -4 -3 -3 -3 -3 -1 -3 -2 1 3
Adjusted Earnings Per Share -2.2 -1.8 -1.7 -1.5 -1.5 -0.6 -1.8 -1.2 0.5 1.5

South India 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 186 207 195 135 242 218 227 305 288 312 369 397
Other Income 1 0 1 2 1 1 1 1 1 2 1 0
Total Income 187 207 197 137 243 218 228 306 289 314 370 397
Total Expenditure 156 171 165 122 206 183 189 268 294 295 348 362
Operating Profit 30 37 32 15 37 35 38 38 -5 19 23 34
Interest 2 2 4 5 5 4 5 6 16 19 20 20
Depreciation 8 8 10 9 9 10 10 9 16 18 17 16
Exceptional Income / Expenses 0 8 0 0 0 0 3 3 13 -0 1 0
Profit Before Tax 21 35 18 1 23 21 27 26 -24 -18 -13 -2
Provision for Tax 7 11 6 -0 5 5 8 4 -7 -4 -3 -1
Profit After Tax 14 24 12 1 18 16 19 22 -17 -13 -10 -1
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 14 24 12 1 18 16 19 22 -17 -13 -10 -1
Adjusted Earnings Per Share 9 16.1 8 0.6 12.2 10.6 12.7 14.4 -8.9 -7.2 -5.1 -1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 18% 7% 11% 7%
Operating Profit CAGR 21% -15% -8% -3%
PAT CAGR 0% NAN% NAN% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -30% -15% 5% -2%
ROE Average -4% -6% 1% 6%
ROCE Average 2% 0% 4% 10%

South India 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 108 127 141 140 156 169 186 206 233 220 211
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 5 14 30 36 32 26 64 141 133 107 83
Other Non-Current Liabilities 14 21 19 17 17 19 22 20 12 11 29
Total Current Liabilities 35 53 40 42 34 39 67 104 111 118 120
Total Liabilities 163 216 230 235 239 253 339 471 490 457 443
Fixed Assets 79 114 136 130 132 128 120 304 343 331 317
Other Non-Current Assets 12 25 20 20 18 47 126 47 22 5 5
Total Current Assets 72 77 74 85 88 79 93 119 124 110 114
Total Assets 163 216 230 235 239 253 339 471 490 457 443

South India 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 3 6 4 5 2 8 13 9 27 33 1
Cash Flow from Operating Activities 15 38 26 -2 39 40 22 39 1 -18 40
Cash Flow from Investing Activities -7 -52 -29 1 -12 -31 -77 -105 -13 -1 2
Cash Flow from Financing Activities -4 12 3 -2 -21 -3 51 84 18 -12 -41
Net Cash Inflow / Outflow 3 -2 1 -2 5 6 -4 18 5 -32 1
Closing Cash & Cash Equivalent 6 4 5 2 8 13 9 27 33 1 1

South India 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) 9.02 16.06 7.97 0.64 12.25 10.63 12.7 14.44 -8.89 -7.16 -5.14
CEPS(Rs) 14.03 21.38 14.31 6.49 18.58 17.14 19.46 20.73 -0.34 2.38 3.7
DPS(Rs) 2.5 3 1.5 1 1.5 1.5 1 1 0 0 0
Book NAV/Share(Rs) 72.27 84.72 94.21 93.13 104.03 112.89 123.74 137.43 124.42 117.57 112.63
Core EBITDA Margin(%) 14.83 16.46 14.7 9.24 15.1 15.88 16.53 12.27 -2.09 5.48 5.9
EBIT Margin(%) 11.55 16.78 10.79 4.31 11.52 11.78 13.76 10.39 -2.63 0.24 1.95
Pre Tax Margin(%) 10.51 15.91 8.8 0.6 9.57 9.8 11.74 8.4 -8.35 -5.72 -3.46
PAT Margin (%) 6.87 10.99 5.78 0.71 7.57 7.33 8.4 7.09 -5.79 -4.3 -2.61
Cash Profit Margin (%) 10.69 14.63 10.38 7.23 11.49 11.82 12.87 10.18 -0.22 1.43 1.88
ROA(%) 8.58 12.73 5.35 0.41 7.75 6.48 6.44 5.35 -3.47 -2.84 -2.14
ROE(%) 12.99 20.46 8.91 0.68 12.42 9.8 10.73 11.06 -7.59 -5.92 -4.47
ROCE(%) 18.9 25.67 12.84 3.06 14.45 12.64 12.54 9.18 -1.82 0.18 1.79
Receivable days 53.03 55.23 58.5 92.67 58.68 58.07 61.09 56.46 58.35 60.17 58.06
Inventory Days 52.9 47.88 48.42 84.88 53.8 57.56 49.6 38.81 49.41 48.94 44.12
Payable days 58.96 58.98 66.57 92.1 64.47 68.81 53 44.55 62.97 54.52 29.02
PER(x) 7.32 6.1 14.44 186.79 6.74 3.97 6.89 11.44 0 0 0
Price/Book(x) 0.91 1.16 1.22 1.27 0.79 0.37 0.71 1.2 0.92 0.62 0.75
Dividend Yield(%) 3.79 3.06 1.3 0.84 1.82 3.55 1.14 0.61 0 0 0
EV/Net Sales(x) 0.59 0.86 1.09 1.7 0.63 0.42 0.98 1.37 1.3 1.07 0.9
EV/Core EBITDA(x) 3.64 4.85 6.71 15.67 4.11 2.6 5.8 10.9 -77.5 17.59 14.47
Net Sales Growth(%) 29.26 11.43 -5.55 -31.04 80.07 -10.26 4.21 34.65 -5.73 8.5 18.25
EBIT Growth(%) 189.14 61.66 -39.26 -74.01 381.34 -8.25 21.74 1.71 -123.85 109.91 858.94
PAT Growth(%) 247.87 78.04 -50.37 -92.03 1827.74 -13.17 19.45 13.71 -176.97 19.46 28.2
EPS Growth(%) 247.87 78.04 -50.37 -92.03 1827.74 -13.17 19.45 13.71 -161.58 19.46 28.2
Debt/Equity(x) 0.16 0.27 0.32 0.38 0.24 0.25 0.54 0.96 0.82 0.9 0.83
Current Ratio(x) 2.04 1.44 1.85 2 2.63 2.01 1.39 1.15 1.12 0.93 0.95
Quick Ratio(x) 1.18 0.93 1.16 1.17 1.55 1.19 0.95 0.81 0.74 0.58 0.55
Interest Cover(x) 11.17 19.27 5.41 1.16 5.93 5.97 6.83 5.21 -0.46 0.04 0.36
Total Debt/Mcap(x) 0.17 0.23 0.26 0.3 0.31 0.67 0.77 0.8 0.9 1.45 1.11

South India Paper Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 33.19 33.16 33.16 33.16 33.14 33.11 33.06 32.63 31.28 30.85
FII 0 0 0 0 0 0 0 0 0 0
DII 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39
Public 66.42 66.45 66.45 66.45 66.47 66.5 66.55 66.98 68.33 68.76
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.7 times its book value
  • Debtor days have improved from 54.52 to 29.02days.
  • Company has reduced debt.

Cons

  • Promoter holding is low: 30.85%.
  • Company has a low return on equity of -6% over the 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.

South India Paper News

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