Seshasayee Paper and Boards Ltd.
Snapshot View

187.70 -0.95 ▼-0.5%

27 May 2022, 04:01:00 PM
Volume: 4,389

Overview View Details

Sector Paper Compare with Sector peers
Industry Paper & Paper Products Compare with Industry peers
Website http://www.spbltd.com
Market Cap 1,169.60 Cr.
Enterprise Value(EV) 857.34 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) 17.44 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 10.76 Trailing Twelve Months Ending 2022-03
Industry PE 16.81 Trailing Twelve Months Ending 2022-03
Book Value / Share 199.12 Trailing Twelve Months Ending 2022-03
Price to Book Value 0.94 Calculated using Price: 187.70
Dividend Yield 1.35 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
-0.50%
1 Week
-6.92%
1 Month
-9.69%
3 Month
+35.08%
6 Month
+16.19%
1 Year
+6.59%
2 Year
+52.97%
5 Year
+16.82%
10 Year
+373.99%
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 9 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. 2022-03* Rs. Cr.
Shh. Funds 363 414 442 605 725 893 1,019 1,143 1,255
Non Curr. Liab. 301 284 298 231 226 211 195 157 159
Curr. Liab. 454 425 395 282 329 332 233 218 246
Minority Int.
Equity & Liab. 1,118 1,123 1,135 1,118 1,281 1,436 1,448 1,517 1,660
Non Curr. Assets 761 739 761 819 848 853 848 953 1,066
Curr. Assets 357 384 374 300 433 583 600 564 594
Misc. Exp. not W/O
Total Assets 1,118 1,123 1,135 1,118 1,281 1,436 1,448 1,517 1,660

Profit Loss View Details

Particulars 9 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. 2022-03 Rs. Cr. TTM
Net Sales 834 1,014 1,026 1,108 1,105 1,326 1,184 782 1,355
Other Income 5 6 4 8 9 23 22 18 16
Total Income 839 1,020 1,030 1,116 1,114 1,348 1,207 801 1,371
Total Expenditure -729 -925 -918 -894 -898 -1,030 -917 -675 -1,189
PBIDT 110 95 112 222 216 319 289 126 181
Interest -44 -37 -32 -23 -14 -14 -7 -3 -3
Depreciation -49 -29 -29 -31 -32 -34 -35 -38 -41
Taxation 4 -8 -15 -40 -52 -81 -74 14 -36
Exceptional Items -3 5
PAT 21 17 36 128 122 190 173 99 102
Minority Interest
Share Associate -1 0 5 1 2 9 7 8
Other Related Items
Consolidated Net Profit 21 16 36 133 123 192 182 106 110
Adjusted EPS 4 3 6 21 20 30 30 18 18

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 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 42.65 42.65 42.65 42.65 42.65 42.65 42.65 42.65 42.80
Public 57.35 57.35 57.35 57.35 57.35 57.35 57.35 57.35 57.20
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

Wed, 11 May 2022
Compliances-Reg.24(A)-Annual Secretarial Compliance
Compliance with the Provisions of Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Amendment Regulations 2018 read with SEBI Circular dated February 08 2019 we enclose the Annual Secretarial Compliance Report from the Practicing Company Secretary for the financial year ended March 31 2022.
Tue, 10 May 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication
Audited Financial Results for quarter and year ended 31.03.2022 - Newspaper publication
Sat, 07 May 2022
Appointment of Company Secretary and Compliance Officer
This is to inform that Sri S Srinivas (ICSI Membership No. A34072) Chief Financial Officer has been appointed as Company Secretary of the Company with effect from May 07 2022 pursuant to Section 203 read with Section 2(24) of the Companies Act 2013.

Technical Scans View Details

Fri, 27 May 2022
High Decrease 1 Month High Decrease 1 Month
High Increase 3 Months High Increase 3 Months
High Increase 2 Years High Increase 2 Years
CCI Bullish CCI Bullish
ROC Trending Down ROC Trending Down

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