South India Paper Mills Ltd

S I Paper Mills Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

South India Paper Mills Ltd

₹ 100 -1.66%
03 Jul 2:43 p.m.
sipaper.com BSE: 516108
About

Incorporated in 1959, The South India Paper
Mills Ltd manufactures Paper, Paperboards, Cartons and Power Generation[1]

Key Points

Product Profile:
a) Paper Division:[1]
Company deals in corrugating case raw materials viz. Kraft Liner Substitutes, Test Liners, White Kraft Liners, Fluting Grades, high-performance fluting and Test Liner,s and some Special Application Grades for packaging. Paper substance ranges between 70GSM to 400 GSM with strength ranging between 14 BF and 35 BF.

b) Printing & Packaging Division:[2]
Plain brown boxes with single-colour flexo
graphic printing and glued or stapled closures; boxes and shelf-ready packaging with four color flexographic process printing in die cut or Regular Slotted designs; small and micro-fluted boxes with high-quality multi-color graphics; wraparound boxes

Website BSE
  • Market Cap ₹ 188 Cr.
  • Current Price ₹ 100
  • High / Low ₹ 125 / 68.6
  • Stock P/E
  • Book Value ₹ 118
  • Dividend Yield 0.00 %
  • ROCE 0.19 %
  • ROE -5.79 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 0.89 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.33% over past five years.
  • Promoter holding is low: 33.2%
  • Company has a low return on equity of -3.67% over last 3 years.
  • Promoter holding has decreased over last 3 years: -8.76%
  • Working capital days have increased from 71.1 days to 108 days

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
71.04 69.42 74.64 84.79 76.51 80.52 75.19 63.08 69.06 76.93 72.80 71.91 90.66
59.61 57.89 65.21 75.43 69.22 73.15 76.55 68.11 76.28 74.32 68.16 67.20 85.38
Operating Profit 11.43 11.53 9.43 9.36 7.29 7.37 -1.36 -5.03 -7.22 2.61 4.64 4.71 5.28
OPM % 16.09% 16.61% 12.63% 11.04% 9.53% 9.15% -1.81% -7.97% -10.45% 3.39% 6.37% 6.55% 5.82%
0.10 2.76 0.12 0.30 0.16 0.03 0.15 13.37 0.94 0.46 0.14 0.14 0.42
Interest 1.35 1.26 1.51 1.49 1.61 3.26 3.69 4.29 5.01 4.13 4.73 4.71 4.81
Depreciation 2.88 2.54 2.54 2.54 1.81 3.87 3.87 3.90 4.39 4.47 4.56 4.40 4.46
Profit before tax 7.30 10.49 5.50 5.63 4.03 0.27 -8.77 0.15 -15.68 -5.53 -4.51 -4.26 -3.57
Tax % 29.59% 14.97% 25.64% 25.75% -11.17% 81.48% 25.09% 0.00% 34.25% 25.14% 25.28% 25.12% 23.81%
5.13 8.91 4.09 4.18 4.48 0.05 -6.57 0.14 -10.30 -4.14 -3.38 -3.19 -2.73
EPS in Rs 3.42 5.94 2.73 2.79 2.99 0.03 -4.38 0.09 -5.49 -2.21 -1.80 -1.70 -1.46
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
168 142 185 206 195 134 241 216 226 304 287 312
141 128 155 170 164 122 204 182 188 266 293 295
Operating Profit 27 15 29 36 31 13 37 35 38 38 -6 17
OPM % 16% 10% 16% 18% 16% 9% 15% 16% 17% 12% -2% 6%
1 1 1 9 1 2 1 1 3 3 14 1
Interest 2 2 2 2 4 5 5 4 5 6 16 18
Depreciation 7 7 8 8 10 9 10 10 10 9 16 18
Profit before tax 18 6 21 35 18 1 23 21 27 26 -24 -18
Tax % 26% 32% 35% 31% 34% -19% 21% 25% 28% 16% 31% 25%
14 4 14 24 12 1 18 16 19 22 -17 -13
EPS in Rs 9.10 2.59 9.02 16.06 7.97 0.63 12.25 10.63 12.70 14.44 -8.89 -7.16
Dividend Payout % 24% 58% 28% 19% 19% 158% 12% 14% 8% 7% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 5%
3 Years: 11%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 56%
Stock Price CAGR
10 Years: 9%
5 Years: 5%
3 Years: -2%
1 Year: -6%
Return on Equity
10 Years: 4%
5 Years: 1%
3 Years: -4%
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
Equity Capital 15 15 15 15 15 15 15 15 15 15 19 19
Reserves 84 85 93 112 126 125 141 154 171 191 215 202
13 15 17 34 45 53 38 42 100 199 192 198
30 38 37 55 44 42 45 42 53 66 65 38
Total Liabilities 141 153 162 216 230 235 239 253 339 471 490 457
77 80 79 114 136 130 132 128 120 304 343 331
CWIP 1 3 2 16 11 15 8 15 106 39 17 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
63 69 82 86 83 90 99 110 113 127 129 125
Total Assets 141 153 162 216 230 235 239 253 339 471 490 457

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
16 11 15 30 26 -2 39 40 22 39 1 -18
-8 -12 -7 -44 -29 1 -12 -31 -77 -105 -13 -1
-7 -0 -4 12 3 -2 -21 -3 51 84 18 -12
Net Cash Flow 2 -1 3 -2 1 -2 5 6 -4 18 5 -32

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 43 69 60 64 56 104 60 50 75 58 56 69
Inventory Days 119 130 123 103 109 197 120 126 107 83 94 88
Days Payable 50 76 54 69 60 98 71 52 57 52 76 37
Cash Conversion Cycle 112 124 129 98 105 203 108 123 125 88 74 120
Working Capital Days 63 82 79 60 81 141 71 62 85 55 50 108
ROCE % 19% 7% 19% 20% 13% 2% 14% 13% 11% 8% -5%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
41.93% 41.94% 41.95% 41.90% 41.88% 39.92% 41.53% 33.21% 33.19% 33.16% 33.16% 33.16%
1.29% 0.49% 0.49% 0.49% 0.49% 0.09% 0.09% 0.07% 0.07% 0.07% 0.07% 0.07%
0.00% 0.00% 0.00% 0.00% 0.00% 0.41% 0.41% 0.33% 0.32% 0.32% 0.32% 0.32%
56.78% 57.57% 57.57% 57.61% 57.63% 59.58% 57.98% 66.38% 66.40% 66.45% 66.45% 66.46%
No. of Shareholders 4,1174,3034,5774,4254,8054,8894,8434,7144,6494,6494,7004,827

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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