Sundaram Multi Pap Ltd

Sundaram Multi Pap Ltd

₹ 2.48 -4.25%
21 Nov - close price
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 118 Cr.
  • Current Price 2.48
  • High / Low 4.20 / 2.46
  • Stock P/E
  • Book Value 3.67
  • Dividend Yield 0.00 %
  • ROCE 5.15 %
  • ROE -3.08 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.68 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.69% over past five years.
  • Promoter holding is low: 31.1%
  • Company has a low return on equity of -0.40% over last 3 years.
  • Earnings include an other income of Rs.4.71 Cr.
  • Company's cost of borrowing seems high

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
34.99 18.32 14.16 32.12 38.04 18.52 14.65 25.78
30.01 15.59 11.88 27.37 33.45 16.34 15.46 25.13
Operating Profit 4.98 2.73 2.28 4.75 4.59 2.18 -0.81 0.65
OPM % 14.23% 14.90% 16.10% 14.79% 12.07% 11.77% -5.53% 2.52%
0.77 0.66 0.66 0.00 0.67 -0.41 3.89 0.56
Interest 1.90 1.78 1.96 1.76 3.69 1.73 2.24 2.24
Depreciation 0.60 0.69 0.99 1.30 0.83 0.88 0.85 1.55
Profit before tax 3.25 0.92 -0.01 1.69 0.74 -0.84 -0.01 -2.58
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
3.26 0.92 -0.01 1.69 0.74 -0.85 -0.02 -2.58
EPS in Rs 0.12 0.03 -0.00 0.06 0.03 -0.03 -0.00 -0.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
150.17 194.34 179.94 189.06 156.37 84.92 98.52 99.24 108.64 99.59 96.99
131.34 173.30 158.15 164.71 138.83 83.79 85.89 81.82 96.39 84.80 90.40
Operating Profit 18.83 21.04 21.79 24.35 17.54 1.13 12.63 17.42 12.25 14.79 6.59
OPM % 12.54% 10.83% 12.11% 12.88% 11.22% 1.33% 12.82% 17.55% 11.28% 14.85% 6.79%
1.45 2.03 2.27 3.74 1.33 -3.19 -6.50 -7.81 -15.85 2.05 4.71
Interest 6.56 7.97 12.80 17.15 17.96 16.06 12.31 11.19 8.93 7.40 9.89
Depreciation 3.21 4.78 5.27 6.83 6.91 5.29 3.99 3.06 2.69 2.83 4.11
Profit before tax 10.51 10.32 5.99 4.11 -6.00 -23.41 -10.17 -4.64 -15.22 6.61 -2.70
Tax % 26.36% 34.59% 19.20% 73.97% -40.33% -3.16% -14.26% 33.19% 23.92% 0.00% 0.00%
7.74 6.75 4.84 1.07 -3.59 -22.67 -8.72 -6.17 -18.86 6.61 -2.70
EPS in Rs 0.36 0.31 0.22 0.05 -0.17 -1.05 -0.40 -0.25 -0.69 0.21 -0.10
Dividend Payout % 18.58% 21.30% 29.71% 201.50% -6.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -4%
5 Years: 3%
3 Years: -1%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: %
TTM: -147%
Stock Price CAGR
10 Years: 2%
5 Years: 13%
3 Years: 7%
1 Year: -11%
Return on Equity
10 Years: -1%
5 Years: -1%
3 Years: 0%
Last Year: -3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity Capital 7.19 7.19 7.19 21.56 21.56 21.56 21.56 24.56 27.16 27.16 47.39
Reserves 91.51 96.58 99.75 84.11 124.64 73.46 60.09 56.00 42.45 48.24 52.37
69.72 76.08 109.75 127.23 120.12 105.80 93.48 66.80 58.71 43.42 40.33
21.59 33.87 33.14 41.26 22.25 14.29 13.04 30.99 23.59 35.13 18.02
Total Liabilities 190.01 213.72 249.83 274.16 288.57 215.11 188.17 178.35 151.91 153.95 158.11
84.83 90.30 101.16 95.09 137.88 101.45 91.93 58.55 56.71 60.05 63.95
CWIP 9.96 7.91 0.10 2.96 0.00 0.00 0.06 0.00 0.00 0.00 0.00
Investments 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.23
95.21 115.50 148.56 176.10 150.68 113.65 96.18 119.80 95.20 93.90 93.93
Total Assets 190.01 213.72 249.83 274.16 288.57 215.11 188.17 178.35 151.91 153.95 158.11

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-2.87 10.45 -2.10 -1.14 23.30 25.50 23.13 1.96 4.72 7.73
-11.72 -10.13 -8.40 -3.12 -2.53 18.48 9.37 0.85 4.56 -4.32
17.03 -0.93 11.39 3.75 -21.65 -44.21 -32.25 -4.11 -9.34 -3.39
Net Cash Flow 2.44 -0.61 0.89 -0.51 -0.88 -0.22 0.24 -1.30 -0.06 0.02

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Debtor Days 116.47 73.76 138.52 163.81 123.83 108.23 112.44 111.07 68.10 77.70 64.09
Inventory Days 109.58 145.25 159.95 150.33 200.44 354.00 219.01 144.61 184.68 213.39 201.26
Days Payable 40.25 27.17 73.97 82.65 45.71 51.22 47.18 65.84 82.75 44.94 13.42
Cash Conversion Cycle 185.81 191.84 224.51 231.48 278.55 411.01 284.27 189.85 170.03 246.15 251.93
Working Capital Days 177.36 146.65 191.81 214.70 253.35 305.34 175.02 255.40 220.90 267.22 221.17
ROCE % 10.51% 9.96% 9.24% 4.86% -1.69% 4.80% 10.08% 8.85% 10.51% 5.15%

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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