Seshasayee Paper and Boards Ltd.

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spbltd.comBSE: 502450NSE: SESHAPAPER

Market Cap₹ 1,541 Cr.

Current Price

High / Low₹ 293 / 210

Stock P/E18.3

Book Value₹ 315

Price to Book0.76

Dividend Yield0.82 %

ROCE5.1 %

ROE3.5 %

Face Value₹ 2

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ABOUT

PROS

Company is almost debt free
Latest quarter profit grew 96.9% YoY, showing strong momentum
Company has delivered good sales growth of 16.9% CAGR over last 5 years
Working capital cycle has improved - days down from 173 to 83
Company has a consistent dividend-paying track record

CONS

A large part of profit comes from other income (54.0% of PBT)
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 8.1% over last 3 years
Company has a low return on capital employed of 10.8%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.54x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Forest MaterialsPaperPaper & Paper Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JKPAPER	408.10	22.82	7399.62	0.98	136.27	59.49	1887.17	12.72	7.80	15.39
2.	WSTCSTPAPR	667.30	19.19	4407.44	0.45	141.84	135.37	1051.26	10.12	7.11	19.34
3.	SESHAPAPER	244.30	15.56	1540.75	0.82	31.91	106.80	492.08	27.68	5.60	8.85
4.	ANDHRAPAP	68.16	49.06	1355.36	0.73	303.16	1322.95	3937.71	900.89	1.99	12.39
5.	TNPL	155.25	4.12	1074.49	2.58	5.74	177.46	1146.64	1.53	5.85	10.02
6.	NRAIL	612.55	16.78	1042.50	0.33	34.98	111.33	646.96	43.09	8.25	11.48
7.	PDMJEPAPER	96.76	10.09	918.74	0.62	33.72	-6.95	202.92	3.29	20.10	17.53
8.	SATIA	66.27	0.00	662.70	0.30	-17.12	-154.18	361.81	-2.45	3.99	14.04
9.	KUANTUM	75.30	18.19	657.10	3.32	6.23	-48.34	303.75	36.87	5.24	13.20
10.	RAMANEWS	32.70	0.00	482.40	0.00	-10.50	-29.46	9.72	6.02	1.87	-7.68
11.	BBTCL	226.50	13.96	464.58	0.00	14.39	727.77	180.47	18.53	3.03	18.69
12.	ORIENTPPR	17.87	2.41	379.18	0.00	-8.25	-124.27	227.61	-4.50	-4.28	3.52

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	426	362	473	539	422	398	431	502	385	346	387	592	492
	331	273	386	472	374	368	424	477	364	320	362	568	460
Operating Profit	95	89	88	68	48	31	8	25	21	26	25	24	32
OPM %	22.29%	24.68%	18.51%	12.57%	11.32%	7.72%	1.77%	5.02%	5.53%	7.60%	6.39%	3.98%	6.47%
	13	14	11	13	16	15	21	18	14	13	10	12	13
Interest	0	0	0	1	1	1	2	4	1	4	3	1	0
Depreciation	11	11	11	11	11	11	11	11	12	11	11	11	12
Profit before Tax	96	92	88	70	51	33	15	28	23	24	21	23	45
Tax %	25.38%	25.04%	25.05%	23.92%	25.48%	25.63%	-4.56%	8.23%	26.02%	26.08%	26.43%	25.59%	25.52%
Net Profit	71	69	66	53	38	25	16	26	17	18	16	17	34
	11.85	11.47	10.92	8.83	6.37	4.11	2.63	4.25	2.83	2.96	2.58	2.89	5.58

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,108	1,105	1,325	1,184	782	1,355	2,083	1,802	1,754	1,710	1,817
	894	897	1,029	917	674	1,189	1,548	1,462	1,643	1,614	1,710
Operating Profit	214	207	296	267	108	166	534	340	111	96	106
OPM %	19.29%	18.76%	22.32%	22.54%	13.76%	12.22%	25.64%	18.87%	6.35%	5.61%	5.86%
	8	14	23	23	19	17	31	51	70	49	48
Interest	23	14	14	7	3	3	3	2	8	9	8
Depreciation	31	32	34	35	38	41	45	44	45	45	45
Profit before Tax	168	175	271	248	86	139	516	345	128	92	114
Tax %	23.78%	29.85%	29.97%	29.97%	-16.11%	25.58%	25.11%	24.91%	18.20%	26.02%	25.82%
Net Profit	128	123	190	173	100	103	387	259	105	68	84
EPS	101.51	97.43	30.13	28.80	16.65	17.12	64.18	43.08	17.37	11.26	—
Dividend Payout %	9.85%	15.39%	13.27%	13.88%	15.01%	14.60%	9.34%	11.61%	14.39%	17.76%	—

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 17%
3 Years:: -6%

COMPOUNDED PROFIT GROWTH

10 Years:: 7%
5 Years:: -8%
3 Years:: -44%

STOCK PRICE CAGR

10 Years:: 10%
5 Years:: 7%
3 Years:: -14%
1 Year:: -9%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 12%
3 Years:: 8%
Last Year:: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	13	13	13	12	12	12	12	12	12	12
	569	689	855	974	1,090	1,194	1,564	1,825	1,900	1,938
	138	112	72	26	20	16	17	39	99	16
Trade Payables	188	236	259	195	171	196	233	259	247	239
	188	207	212	208	183	193	194	182	188	205
Total Liabilities	1,095	1,257	1,410	1,415	1,476	1,610	2,020	2,317	2,445	2,410
	637	673	672	675	734	815	796	776	756	745
Capital Work in Progress	41	27	23	31	32	14	20	35	71	93
	84	99	95	84	126	143	152	189	215	228
	129	158	135	169	227	124	241	288	354	360
	0	0	0	0	0	0	0	119	148	190
Cash & Bank	19	143	311	325	206	329	496	607	671	145
	185	158	175	130	151	185	315	304	229	649
Total Assets	1,095	1,257	1,410	1,415	1,476	1,610	2,020	2,317	2,445	2,410

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	219	260	330	211	10	304	458	202	-61	92
Cash from Investing	-38	-50	-16	-26	-53	-251	-372	-225	42	6
Cash from Financing	-153	-51	-89	-124	-31	-22	-22	-19	23	-103
	9	124	168	15	-91	3	-66	-42	5	-5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
42.78	42.78	42.81	42.90	42.90	42.90	43.03	43.11	43.27
13.01	13.11	13.05	13.06	13.03	13.02	12.99	12.94	12.60
0.06	0.08	0.08	0.10	0.09	0.10	0.10	0.10	0.09
14.27	14.27	14.27	14.27	14.27	14.27	14.27	14.27	14.27
29.88	29.76	29.78	29.68	29.71	29.71	29.61	29.58	29.77

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04

Shareholders meeting

2026-09-04 - Seshasayee Paper and Boards Limited has informed the Exchange regarding Proceedings of Postal Ballot

2026-09-04

Appointment

2026-09-04 - Seshasayee Paper and Boards Limited has informed the Exchange regarding Appointment of Mr R J RAMESH as Non- Executive Independent Director of the company w.e.f. September 04, 2026.

2026-09-04

Shareholders meeting

2026-09-04 - Seshasayee Paper and Boards Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot

2026-09-04

Shareholders meeting

2026-09-04 - Seshasayee Paper and Boards Limited has informed the Exchange regarding voting results of Postal Ballot Notice dated 25.07.2026

2026-08-06

Copy of Newspaper Publication

2026-08-06 - Seshasayee Paper and Boards Limited has informed the Exchange about Copy of Newspaper Publication of Postal Ballot Notice

2026-08-04

Shareholders meeting

2026-08-04 - Seshasayee Paper and Boards Limited has informed the Exchange regarding Submission of Postal Ballot Notice

2026-07-28

Copy of Newspaper Publication

2026-07-28 - Seshasayee Paper and Boards Limited has informed the Exchange about Copy of Newspaper Publication of Un-audited Financial Results for the quarter ended June 30, 2026

2026-07-25

Updates

2026-07-25 - Seshasayee Paper and Boards Limited has informed the Exchange regarding 'Chairman s Letter to Shareholders - Un-audited Financial Results for the quarter ended June 30, 2026

2026-07-25

Appointment

2026-07-25 - Seshasayee Paper and Boards Limited has informed the Exchange regarding Appointment of Mr R J RAMESH as Non- Executive Director of the company w.e.f. July 25, 2026.

News

Recent coverage and analyst commentary for SESHAPAPER

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Seshasayee Paper and Boards Ltd.

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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