Seshasayee Paper and Boards Ltd.
Snapshot View

204.35 +1.45 ▲0.7%

02 August 2021, 04:00:00 P.M.
Volume: 7,950

Overview View Details

Sector Paper Compare with Sector peers
Industry Paper & Paper Products Compare with Industry peers
Website http://www.spbltd.com
Financial Indicators
Market Cap 1,279.65 Cr.
Earnings per share (EPS) 16.95 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 11.97 Trailing Twelve Months Ending 2021-06
Industry PE - Trailing Twelve Months Ending 2021-06
Book Value / Share 184.23 Trailing Twelve Months Ending 2021-06
Price to Book Value 1.10 Calculated using Price: 202.90
Dividend Yield 1.23 Period Ending 2021-03
No. of Shares Subscribed 6.31 Cr. 63,068,140 Shares
FaceValue 2
Company Profile

Seshasayee Paper and Boards (SPB), incorporated in June 1960, was promoted by Seshasayee Brothers (Pvt) Limited in association with a foreign collaborator M/s Parsons and Whittemore, South East Asia Inc, USA. After commencement of commercial production, having fulfilled their performance guarantee obligations, the foreign collaborators withdrew in 1969.

SPB, the flagship company belonging to 'ESVIN GROUP', operates an integrated pulp, paper and paper board Mill at Pallipalayam, Erode, District Namakkal, Tamilnadu, India.

SPB commenced commercial production in December 1962, on commissioning a 20,000 tonne per annum (tpa) integrated facility, comprising a Pulp Mill and two Paper Machines (PM-1 and PM-2), capable of producing, writing, printing, craft and poster varieties of paper.

The plant capacity was expanded to 35000 tpa in 1967-68, by modification of PM-2 and addition of a third Paper Machine (PM-3). The cost of the expansion scheme, at Rs 34 millions was part financed by All India Financial Institutions (Rs 31 million).

In the second stage of expansion, undertaken in 1976, capacity was enhanced to 55000 tpa, through addition of a 60 tpd new Paper Machine (PM-4). Cost of the project, including cost of a Chemical Recovery Boiler and other facilities for enhanced requirement of utilities, was estimated at Rs. 176 million. The same was part financed by term loans from Institutions and banks to the extent of Rs 145 million and the balance out of internal generation.

SPB undertook various equipment balancing and modernisation programmes, since then, for improving its operating efficiency, captive power generation capacity, etc., upto 1992-93.

The company embarked on an Expansion / Modernisation Project to enhance its production capacity from 60000 tonnes per annum, to 1,15,000 tonnes per annum and to upgrade some of the existing facilities, at an estimated cost of Rs 1890 million.

The said Expansion / Modernisation Project was completed in December 2000. After successful trials, the commercial production out of the new Paper Machine commenced on July 1, 2000.The current installed capacity of the company stands at 1,15,000 tonnes per annum.

The company's paper plant was originally designed for using bagasse, as the primary raw material mixed with 20% bamboo fibre. Bagasse was being obtained from nearby sugar mill on substitution basis using oil fired boilers.

With sharp increase in oil prices in 1970-71, the company shifted over to the use of hardwood, at the time of its expansion undertaken in 1978. Raw material mix underwent a substantial change, with bamboo and hardwood forming 60% and 40%, respectively, of its raw material consumption.

Soon  the company started apprehending difficulties in procurement of bamboo. In 1981, it added one more digester, to increase the share of the hardwood in the furnish mix to 80% and restricting bamboo use to only 20%.

With the commissioning of more wood based industries in Tamilnadu, there was again an apprehension about availability of hardwood. As a long term strategy, the company at this time decided on restructuring use of bagasse which was seen to be the most reliable source of fibre for the entire Industry.

SPB's exports are nearly 20% of its production and is a significant exporter in the Indian Paper Industry. Due to its excellent export performance, SPB has been awarded 'Golden Export House' status.

In 2011 Seshasayee Paper and Boards acquired M/s Subburaj Papers Private Limited.

Product range of the company includes:

  • MF I And MF II
  • MG
  • Yankee
  • MF3

Awards & Achievements:

  • Capacity Utilisation Award
  • Energy Conservation Award
  • Environmental Protection Award
  • Safety Award
  • Export Performance Award
  • Good Industrial Relations Award
  • TERI - Corporate Environmental Award
  • The Company's quality systems to be covered by the 'ISO 9001' accreditation awarded by Det Norske Veritas, The Netherlands.
  • The Company has also been accredited with 'ISO 14001' certification by Det Norske Veritas, The Netherlands, for its Environmental Quality Systems.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.71%
1 Week
+3.99%
1 Month
+5.94%
3 Month
+33.39%
6 Month
+43.10%
1 Year
+38.26%
2 Year
+20.91%
5 Year
+147.94%
8 years 2013-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 5.67 4.48 8.31 24.43 18.40 23.44 18.10 9.19
Return on Capital Employed (%) 7.64 8.15 11.12 25.15 22.91 30.56 25.18 8.11
Return on Assets (%) 1.83 1.55 3.15 11.35 10.20 13.97 12.00 6.70

Balance Sheet View Details

Particulars 8 years 2013-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 363 414 442 605 725 893 1,019 1,143
Non Curr. Liab. 301 284 298 231 226 211 195 157
Curr. Liab. 454 425 395 282 329 332 233 218
Minority Int.
Equity & Liab. 1,118 1,123 1,135 1,118 1,281 1,436 1,448 1,517
Non Curr. Assets 761 739 761 819 848 853 848 953
Curr. Assets 357 384 374 300 433 583 600 564
Misc. Exp. not W/O
Total Assets 1,118 1,123 1,135 1,118 1,281 1,436 1,448 1,517

Profit Loss View Details

Particulars 8 years 2013-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 834 1,014 1,026 1,108 1,105 1,326 1,184 782
Other Income 5 6 4 8 9 23 22 18
Total Income 839 1,020 1,030 1,116 1,114 1,348 1,207 801
Total Expenditure -729 -925 -918 -894 -898 -1,030 -917 -675
PBIDT 110 95 112 222 216 319 289 126
Interest -44 -37 -32 -23 -14 -14 -7 -3
Depreciation -49 -29 -29 -31 -32 -34 -35 -38
Taxation 4 -8 -15 -40 -52 -81 -74 14
Exceptional Items -3 5
PAT 21 17 36 128 122 190 173 99

Cash Flow View Details

Particulars 8 years 2013-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 209 105 112 200 225 273 165 -7
Cash Fr. Inv. -320 -20 -46 -36 -50 -16 -26 -82
Cash Fr. Finan. 176 -104 -66 -154 -51 -89 -124 -31
Net Change 65 -20 0 10 124 168 15 -119
Cash & Cash Eqvt 74 10 10 20 144 312 326 207

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 42.65 42.65 42.65 42.65 42.65 42.65 42.65 42.65 42.65
Public 57.35 57.35 57.35 57.35 57.35 57.35 57.35 57.35 57.35
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 26 Jul 2021
Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations 2015)
Seshasayee Paper and Boards Ltd has informed BSE regarding the details of Voting results of AGM under Regulation 44(3) of SEBI (LODR) Regulations 2015. Kindly Click here
Mon, 26 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of Un-audited financial results for the Quarter ended 30th June 2021.
Sun, 25 Jul 2021
Shareholder Meeting / Postal Ballot-Outcome of AGM
e-Voting Result of the 61st Annual General Meeting & Appointment of Director

Technical Scans View Details

Fri, 30 Jul 2021
Close Within 52 Week High Zone Close Within 52 Week High Zone
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
Close Crossing 20 EMA From Above Close Crossing 20 EMA From Above
Thu, 29 Jul 2021
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity

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