Sundaram Multi Pap Ltd

Sundaram Multi Pap Ltd

₹ 2.53 -1.94%
21 Nov 2:45 p.m.
About

Incorporated in 1985, Sundaram Multi Pap Ltd is in the business of School & Office stationery and E-learning[1]

Key Points

Business Overview:[1][2]
SMPL started off as a school and office paper stationery manufacturing company and diversified into related verticals. At present, it designs, manufactures and markets paper stationery products for students and office/ corporate stationery products, printing, writing & packaging paper, etc. under the brand name Sundaram. It has 200+ product range and sells 5+ lakh books everyday through its distribution network of 15000 dealers and distributors.

  • Market Cap 120 Cr.
  • Current Price 2.53
  • High / Low 4.20 / 2.47
  • Stock P/E
  • Book Value 1.92
  • Dividend Yield 0.00 %
  • ROCE 0.33 %
  • ROE -3.39 %
  • Face Value 1.00

Pros

  • Debtor days have improved from 52.2 to 34.1 days.

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 31.1%
  • Company has a low return on equity of 2.43% over 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
15.53 17.93 25.08 25.96 25.38 22.02 41.01 42.29 22.30 21.94 40.51 42.42 24.00
12.46 14.50 21.53 21.18 21.85 22.11 39.98 40.06 22.54 22.41 37.93 38.69 24.04
Operating Profit 3.07 3.43 3.55 4.78 3.53 -0.09 1.03 2.23 -0.24 -0.47 2.58 3.73 -0.04
OPM % 19.77% 19.13% 14.15% 18.41% 13.91% -0.41% 2.51% 5.27% -1.08% -2.14% 6.37% 8.79% -0.17%
0.64 0.44 0.75 0.77 0.46 0.72 -0.58 -1.16 -0.32 0.38 -0.48 -1.79 -0.10
Interest 1.38 1.36 1.26 1.35 1.02 1.14 0.59 0.93 0.77 0.98 0.78 0.62 0.61
Depreciation 0.95 0.95 0.97 0.97 0.97 0.97 0.98 0.97 1.02 1.07 1.08 1.06 1.09
Profit before tax 1.38 1.56 2.07 3.23 2.00 -1.48 -1.12 -0.83 -2.35 -2.14 0.24 0.26 -1.84
Tax % 0.00% -3.85% 8.70% 0.00% 0.00% 5.41% -3.57% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
1.38 1.62 1.90 3.23 2.00 -1.56 -1.07 -0.83 -2.35 -2.14 0.24 0.25 -1.83
EPS in Rs 0.03 0.03 0.04 0.07 0.04 -0.03 -0.02 -0.02 -0.05 -0.05 0.01 0.01 -0.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
182 154 83 96 94 106 100 97 51 70 114 127 129
158 135 82 84 79 95 85 90 52 59 105 123 123
Operating Profit 23 19 1 12 15 12 15 7 -1 11 10 4 6
OPM % 13% 12% 1% 12% 16% 11% 15% 7% -3% 16% 8% 3% 4%
6 3 0 -4 -8 -16 2 5 2 2 1 -2 -2
Interest 17 17 16 12 10 9 7 10 6 5 4 4 3
Depreciation 5 5 3 3 2 2 4 4 4 4 4 4 4
Profit before tax 7 1 -17 -8 -5 -15 6 -3 -9 4 3 -5 -3
Tax % 39% 85% -4% -18% -0% 0% 0% 0% -2% 3% 2% 0%
5 0 -17 -6 -5 -15 6 -3 -9 4 3 -5 -3
EPS in Rs 0.21 0.00 -0.78 -0.30 -0.20 -0.55 0.22 -0.10 -0.19 0.08 0.05 -0.11 -0.07
Dividend Payout % 47% 216% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: 5%
3 Years: 36%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 18%
TTM: -25%
Stock Price CAGR
10 Years: 2%
5 Years: 14%
3 Years: 8%
1 Year: -8%
Return on Equity
10 Years: -1%
5 Years: -1%
3 Years: 2%
Last Year: -3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 22 22 22 22 25 27 47 47 47 47 47 47 47
Reserves 92 137 91 80 79 69 55 52 44 48 50 45 44
123 116 103 91 64 56 43 45 44 39 35 32 39
42 24 17 14 30 23 17 13 13 12 6 10 8
Total Liabilities 278 299 232 207 196 175 163 158 148 146 138 135 138
86 131 96 87 54 53 67 64 60 57 71 69 69
CWIP 3 0 0 0 0 0 0 0 0 0 0 0 0
Investments 15 15 15 25 39 39 0 0 0 0 0 0 0
174 153 121 94 104 84 96 94 88 89 67 65 69
Total Assets 278 299 232 207 196 175 163 158 148 146 138 135 138

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 29 29 21 1 4 8 3 6 5 11 5
-3 -2 15 10 1 5 -4 4 2 -0 -1 -2
-3 -27 -44 -31 -3 -9 -3 -7 -8 -5 -9 -6
Net Cash Flow -1 -1 0 1 -1 -0 0 0 -1 -0 2 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 162 116 95 103 96 56 78 64 126 82 40 34
Inventory Days 143 191 340 207 131 173 213 201 301 283 155 151
Days Payable 83 44 50 47 65 83 45 13 51 28 11 24
Cash Conversion Cycle 223 262 385 263 162 146 246 252 376 337 185 161
Working Capital Days 237 289 384 209 227 189 280 283 499 404 188 159
ROCE % 10% 7% 1% 6% 8% 8% 9% 3% -2% 8% 7% 0%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
31.05% 31.05% 31.05% 31.05% 31.05% 31.07% 31.07% 31.07% 31.09% 31.11% 31.11% 31.11%
1.93% 1.93% 1.93% 1.93% 1.93% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
67.02% 67.02% 67.02% 67.01% 67.02% 68.89% 68.90% 68.90% 68.88% 68.85% 68.86% 68.85%
No. of Shareholders 30,28246,85248,02851,87251,81152,77953,45356,32357,82773,47779,64388,476

* 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.

Click on the line-items to see the names of individual entities.

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