Sangal Papers Ltd

Sangal Papers Ltd

₹ 275 0.31%
22 Nov - close price
About

Incorporated in 1980, Sangal Papers Ltd is a manufacturer of Newsprint, Writing & Printing paper and other various special paper for domestic and exports markets[1]

Key Points

Product Profile:[1]
a) Craft Papers
b) Color Papers
c) MG Varieties Paper
d) Hi Bulk Paper
e) News Print Paper
f) Specialty Papers
g) Other Products

  • Market Cap 36.0 Cr.
  • Current Price 275
  • High / Low 324 / 163
  • Stock P/E 8.50
  • Book Value 335
  • Dividend Yield 0.00 %
  • ROCE 9.14 %
  • ROE 6.12 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.82 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 39.5%
  • Company has a low return on equity of 6.65% over last 3 years.
  • Promoters have pledged 38.8% of their holding.

* 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.

Peer comparison

Sector: Paper Industry: Paper

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
37.49 39.71 38.62 52.12 55.38 58.84 59.76 49.57 46.52 45.56 48.68 42.61 51.19
37.28 38.78 37.12 49.22 54.24 58.05 58.28 47.41 46.35 43.11 46.74 40.72 47.87
Operating Profit 0.21 0.93 1.50 2.90 1.14 0.79 1.48 2.16 0.17 2.45 1.94 1.89 3.32
OPM % 0.56% 2.34% 3.88% 5.56% 2.06% 1.34% 2.48% 4.36% 0.37% 5.38% 3.99% 4.44% 6.49%
0.09 0.08 0.34 0.48 0.53 0.58 0.43 0.15 0.22 0.16 0.47 0.13 0.20
Interest 0.38 0.38 0.41 0.39 0.43 0.52 0.60 0.60 0.63 0.65 0.66 0.62 0.65
Depreciation 0.37 0.32 0.38 0.38 0.36 0.36 0.49 0.44 0.44 0.44 0.39 0.48 0.51
Profit before tax -0.45 0.31 1.05 2.61 0.88 0.49 0.82 1.27 -0.68 1.52 1.36 0.92 2.36
Tax % 8.89% 32.26% 19.05% 29.12% 36.36% 30.61% 24.39% 28.35% -33.82% 24.34% 36.76% 28.26% 34.32%
-0.49 0.21 0.85 1.86 0.55 0.35 0.62 0.91 -0.45 1.15 0.86 0.67 1.56
EPS in Rs -3.75 1.61 6.50 14.23 4.21 2.68 4.74 6.96 -3.44 8.80 6.58 5.13 11.93
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
91 100 93 94 104 120 148 125 106 155 226 190 188
85 93 87 88 99 114 139 121 102 150 219 184 178
Operating Profit 6 7 5 6 5 6 9 5 3 5 7 7 10
OPM % 7% 7% 6% 6% 5% 5% 6% 4% 3% 3% 3% 4% 5%
0 -0 0 0 0 1 1 1 0 1 2 1 1
Interest 3 3 2 2 2 2 2 2 2 2 2 3 3
Depreciation 2 2 1 1 1 1 1 1 1 1 2 2 2
Profit before tax 2 2 2 2 3 4 7 2 1 2 5 3 6
Tax % 33% 25% 41% 33% 35% 28% 16% 5% 14% 22% 29% 29%
1 2 1 2 2 3 6 2 1 2 3 2 4
EPS in Rs 9.87 12.01 10.86 12.70 13.08 19.89 46.97 13.77 4.97 12.54 25.93 18.89 32.44
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 5%
3 Years: 22%
TTM: -12%
Compounded Profit Growth
10 Years: 4%
5 Years: -17%
3 Years: 56%
TTM: 197%
Stock Price CAGR
10 Years: 23%
5 Years: 33%
3 Years: 47%
1 Year: 50%
Return on Equity
10 Years: 8%
5 Years: 6%
3 Years: 7%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1 1 1 1 1 1 1 1 1 1 1 1 1
Reserves 15 17 18 20 21 24 30 32 33 34 38 40 42
25 23 24 22 18 20 18 20 19 19 25 26 30
18 14 15 14 12 18 19 15 18 19 26 22 26
Total Liabilities 59 54 58 57 53 63 68 69 71 74 90 90 99
17 18 20 21 21 25 28 30 32 30 36 35 39
CWIP 0 0 0 0 2 0 0 0 0 0 0 3 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
42 37 38 35 31 38 40 39 39 44 54 52 60
Total Assets 59 54 58 57 53 63 68 69 71 74 90 90 99

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 4 1 4 9 2 8 3 7 1 4 4
-2 -1 -3 -2 -2 0 -5 -2 -3 -0 -8 -3
0 -2 1 -2 -6 -0 -3 -0 -3 -1 4 -1
Net Cash Flow 1 0 -2 0 0 2 0 -0 -0 0 1 0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 79 60 77 78 64 66 55 66 84 58 46 48
Inventory Days 141 119 111 86 56 74 69 72 86 66 58 78
Days Payable 104 61 72 55 31 58 55 48 78 52 48 47
Cash Conversion Cycle 116 118 116 109 89 83 69 91 93 72 57 79
Working Capital Days 90 81 97 92 72 70 57 74 84 63 50 63
ROCE % 12% 13% 12% 12% 11% 12% 20% 8% 5% 7% 12% 9%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
39.48% 39.48% 39.48% 39.48% 39.48% 39.48% 39.48% 39.48% 39.48% 39.48% 39.48% 39.48%
60.52% 60.52% 60.52% 60.52% 60.52% 60.52% 60.52% 60.52% 60.53% 60.53% 60.52% 60.52%
No. of Shareholders 8,2868,3168,3018,3568,3428,2868,2748,2528,2068,1288,0208,015

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