Seshasayee Paper and Boards Ltd.

•

₹ 228.84-0.66%

2026-08-21

spbltd.comBSE: 502450NSE: SESHAPAPER

Market Cap₹ 1,429 Cr.

Current Price₹ 230

High / Low₹ 293 / 210

Stock P/E14.4

Book Value₹ 329

Price to Book0.72

Dividend Yield0.88 %

ROCE5.6 %

ROE4.1 %

Face Value₹ 2

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ABOUT

KEY POINTS

PROS

Company is almost debt free
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 106.8% 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 84
Company has a consistent dividend-paying track record

CONS

A large part of profit comes from other income (45.8% of PBT)
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 8.3% over last 3 years
Company has a low return on capital employed of 10.9%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.50x)

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

Peer comparison

EDIT COLUMNS

Forest MaterialsPaperPaper & Paper Products

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	JKPAPER	378.80	21.18	6868.36	1.06	136.27	59.49	1887.17	12.72	7.80	15.39
2.	WSTCSTPAPR	614.95	17.68	4061.68	0.49	141.84	135.37	1051.26	10.12	7.11	19.34
3.	SESHAPAPER	226.55	14.43	1428.81	0.88	31.91	106.80	492.08	27.68	5.60	8.85
4.	ANDHRAPAP	60.98	0.00	1212.59	0.82	303.16	1322.95	3937.71	900.89	1.99	12.39
5.	TNPL	138.45	0.00	958.22	2.89	57.40	874.63	11466.40	903.98	5.85	10.02
6.	NRAIL	501.20	0.00	853.00	0.40	34.98	111.33	646.96	43.09	8.25	11.48
7.	PDMJEPAPER	87.44	0.00	830.24	0.69	33.72	-6.95	202.92	3.29	20.10	17.53
8.	KUANTUM	78.92	0.00	688.68	3.17	6.23	-48.34	303.75	36.87	5.24	13.20
9.	SATIA	58.03	0.00	580.30	0.69	-171.20	-641.72	3618.15	875.45	10.53	14.04
10.	BBTCL	245.95	15.16	504.47	0.00	14.39	727.77	180.47	18.53	3.03	18.69
11.	RAMANEWS	32.50	0.00	479.45	0.00	-10.50	-29.46	9.72	6.02	1.87	-7.68
12.	PAKKA	88.56	11.25	422.15	0.00	58.91	3950.33	1171.87	1329.69	10.74	13.05

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	427	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	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	11	14	11	13	15	15	21	18	14	13	10	12	12
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
	94	92	88	70	50	33	15	28	22	24	21	23	43
Tax %	25.78%	25.05%	25.05%	23.94%	26.31%	25.68%	-4.49%	8.29%	27.00%	26.17%	26.46%	25.60%	26.54%
Net Profit	0	0	0	0	37	28	17	27	15	22	19	26	32
	12	12	11	9	6	5	3	4	3	4	3	4	1
Equity Capital	12	12	12	12	12	12	12	12	12	12	12	12	12
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	12	12	12	12	12	12	12	12	12	12	12	12	12
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 427
: 331
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 0
Depreciation: 11
: 94
Tax %: 25.78%
Net Profit: 0
: 12
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 362
: 273
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 0
Depreciation: 11
: 92
Tax %: 25.05%
Net Profit: 0
: 12
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 473
: 386
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 0
Depreciation: 11
: 88
Tax %: 25.05%
Net Profit: 0
: 11
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 539
: 472
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 1
Depreciation: 11
: 70
Tax %: 23.94%
Net Profit: 0
: 9
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 422
: 374
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 1
Depreciation: 11
: 50
Tax %: 26.31%
Net Profit: 37
: 6
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 398
: 368
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 1
Depreciation: 11
: 33
Tax %: 25.68%
Net Profit: 28
: 5
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 431
: 424
Operating Profit: —
OPM %: —
Other Income: 21
Interest: 2
Depreciation: 11
: 15
Tax %: -4.49%
Net Profit: 17
: 3
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 502
: 477
Operating Profit: —
OPM %: —
Other Income: 18
Interest: 4
Depreciation: 11
: 28
Tax %: 8.29%
Net Profit: 27
: 4
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 385
: 364
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 1
Depreciation: 12
: 22
Tax %: 27.00%
Net Profit: 15
: 3
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 346
: 320
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 4
Depreciation: 11
: 24
Tax %: 26.17%
Net Profit: 22
: 4
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 387
: 362
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 3
Depreciation: 11
: 21
Tax %: 26.46%
Net Profit: 19
: 3
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 592
: 568
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 1
Depreciation: 11
: 23
Tax %: 25.60%
Net Profit: 26
: 4
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 492
: 460
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 0
Depreciation: 12
: 43
Tax %: 26.54%
Net Profit: 32
: 1
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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	1,326	1,184	782	1,355	2,083	1,802	1,754	1,710	1,817
	894	898	1,030	917	675	1,189	1,549	1,462	1,643	1,615	1,711
Operating Profit	222	216	319	289	126	181	563	390	180	145	—
OPM %	20	20	24	24	16	13	27	22	10	8	—
Other Income	8	9	23	22	18	16	29	50	69	49	47
Interest	23	14	14	7	3	3	3	2	8	9	8
Depreciation	31	32	34	35	38	41	45	44	45	45	45
	168	175	271	247	85	138	525	357	132	106	112
Tax %	24	30	30	30	-16	26	25	24	18	22	26
Net Profit	128	122	190	173	99	102	396	271	109	83	83
EPS	105	98	30	30	18	18	66	45	18	14	—
Dividend Payout %	10	15	13	13	14	14	9	11	14	15	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	5	1	2	9	7	8	0	0	0	0	16
Adjusted EPS	21	20	30	30	18	18	66	45	18	14	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	5	1	2	9	7	8	0	0	0	0	16
Adjusted EPS	21	20	30	30	18	18	66	45	18	14	—

Mar 2017

: 1,108
: 894
Operating Profit: 222
OPM %: 20
Other Income: 8
Interest: 23
Depreciation: 31
: 168
Tax %: 24
Net Profit: 128
EPS: 105
Dividend Payout %: 10
Minority Interest: 0
Share of Associates: 5
Adjusted EPS: 21
Minority Interest: 0
Share of Associates: 5
Adjusted EPS: 21

Mar 2018

: 1,105
: 898
Operating Profit: 216
OPM %: 20
Other Income: 9
Interest: 14
Depreciation: 32
: 175
Tax %: 30
Net Profit: 122
EPS: 98
Dividend Payout %: 15
Minority Interest: 0
Share of Associates: 1
Adjusted EPS: 20
Minority Interest: 0
Share of Associates: 1
Adjusted EPS: 20

Mar 2019

: 1,326
: 1,030
Operating Profit: 319
OPM %: 24
Other Income: 23
Interest: 14
Depreciation: 34
: 271
Tax %: 30
Net Profit: 190
EPS: 30
Dividend Payout %: 13
Minority Interest: 0
Share of Associates: 2
Adjusted EPS: 30
Minority Interest: 0
Share of Associates: 2
Adjusted EPS: 30

Mar 2020

: 1,184
: 917
Operating Profit: 289
OPM %: 24
Other Income: 22
Interest: 7
Depreciation: 35
: 247
Tax %: 30
Net Profit: 173
EPS: 30
Dividend Payout %: 13
Minority Interest: 0
Share of Associates: 9
Adjusted EPS: 30
Minority Interest: 0
Share of Associates: 9
Adjusted EPS: 30

Mar 2021

: 782
: 675
Operating Profit: 126
OPM %: 16
Other Income: 18
Interest: 3
Depreciation: 38
: 85
Tax %: -16
Net Profit: 99
EPS: 18
Dividend Payout %: 14
Minority Interest: 0
Share of Associates: 7
Adjusted EPS: 18
Minority Interest: 0
Share of Associates: 7
Adjusted EPS: 18

Mar 2022

: 1,355
: 1,189
Operating Profit: 181
OPM %: 13
Other Income: 16
Interest: 3
Depreciation: 41
: 138
Tax %: 26
Net Profit: 102
EPS: 18
Dividend Payout %: 14
Minority Interest: 0
Share of Associates: 8
Adjusted EPS: 18
Minority Interest: 0
Share of Associates: 8
Adjusted EPS: 18

Mar 2023

: 2,083
: 1,549
Operating Profit: 563
OPM %: 27
Other Income: 29
Interest: 3
Depreciation: 45
: 525
Tax %: 25
Net Profit: 396
EPS: 66
Dividend Payout %: 9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 66
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 66

Mar 2024

: 1,802
: 1,462
Operating Profit: 390
OPM %: 22
Other Income: 50
Interest: 2
Depreciation: 44
: 357
Tax %: 24
Net Profit: 271
EPS: 45
Dividend Payout %: 11
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 45
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 45

Mar 2025

: 1,754
: 1,643
Operating Profit: 180
OPM %: 10
Other Income: 69
Interest: 8
Depreciation: 45
: 132
Tax %: 18
Net Profit: 109
EPS: 18
Dividend Payout %: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 18
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 18

Mar 2026

: 1,710
: 1,615
Operating Profit: 145
OPM %: 8
Other Income: 49
Interest: 9
Depreciation: 45
: 106
Tax %: 22
Net Profit: 83
EPS: 14
Dividend Payout %: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14

TTM

: 1,817
: 1,711
Operating Profit: —
OPM %: —
Other Income: 47
Interest: 8
Depreciation: 45
: 112
Tax %: 26
Net Profit: 83
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 16
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 16
Adjusted EPS: —

COMPOUNDED SALES GROWTH

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

COMPOUNDED PROFIT GROWTH

10 Years:: 9%
5 Years:: -5%
3 Years:: -41%

STOCK PRICE CAGR

10 Years:: 10%
5 Years:: 5%
3 Years:: -7%
1 Year:: -13%

RETURN ON EQUITY

10 Years:: 15%
5 Years:: 12%
3 Years:: 8%
Last Year:: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	13	13	13	12	12	12	12	12	12	12
	592	713	881	1,007	1,131	1,243	1,623	1,899	1,976	2,030
	0	0	0	0	0	0	0	21	82	0
Trade Payables	188	236	259	195	171	196	233	259	247	239
	325	319	284	234	203	209	210	200	205	221
Total Liabilities	1,118	1,281	1,436	1,448	1,518	1,660	2,079	2,391	2,522	2,502
ASSETS	-	-	-	-	-	-	-	-	-	-
	649	684	684	686	746	827	807	788	768	757
Capital Work in Progress	41	27	23	31	32	14	20	35	71	93
	93	108	107	103	152	178	197	248	278	305
	129	158	135	169	227	124	241	288	354	360
	0	0	0	0	0	0	0	119	148	190
Cash & Bank	20	144	312	326	207	331	497	608	673	146
	187	160	176	131	152	186	317	305	230	651
Total Assets	1,118	1,281	1,436	1,448	1,518	1,660	2,079	2,391	2,522	2,502
Total Debt	171	149	97	10	8	4	0	21	82	0
Net Working Capital	18	104	251	367	346	348	575	735	881	418
Contingent Liabilities	53	48	51	51	54	74	76	83	87	63
Book Value per Share	479.74	575.31	708.33	169.31	189.82	208.51	271.65	317.49	330.30	339.20
Face Value	10.00	10.00	10.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Total Debt	171	149	97	10	8	4	0	21	82	0
Net Working Capital	18	104	251	367	346	348	575	735	881	418
Contingent Liabilities	53	48	51	51	54	74	76	83	87	63
Book Value per Share	479.74	575.31	708.33	169.31	189.82	208.51	271.65	317.49	330.30	339.20
Face Value	10.00	10.00	10.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00

Mar 2017

Equity Capital: 13
: 592
: 0
Trade Payables: 188
: 325
Total Liabilities: 1,118
: 649
Capital Work in Progress: 41
: 93
: 129
: 0
Cash & Bank: 20
: 187
Total Assets: 1,118
Total Debt: 171
Net Working Capital: 18
Contingent Liabilities: 53
Book Value per Share: 479.74
Face Value: 10.00
Total Debt: 171
Net Working Capital: 18
Contingent Liabilities: 53
Book Value per Share: 479.74
Face Value: 10.00

Mar 2018

Equity Capital: 13
: 713
: 0
Trade Payables: 236
: 319
Total Liabilities: 1,281
: 684
Capital Work in Progress: 27
: 108
: 158
: 0
Cash & Bank: 144
: 160
Total Assets: 1,281
Total Debt: 149
Net Working Capital: 104
Contingent Liabilities: 48
Book Value per Share: 575.31
Face Value: 10.00
Total Debt: 149
Net Working Capital: 104
Contingent Liabilities: 48
Book Value per Share: 575.31
Face Value: 10.00

Mar 2019

Equity Capital: 13
: 881
: 0
Trade Payables: 259
: 284
Total Liabilities: 1,436
: 684
Capital Work in Progress: 23
: 107
: 135
: 0
Cash & Bank: 312
: 176
Total Assets: 1,436
Total Debt: 97
Net Working Capital: 251
Contingent Liabilities: 51
Book Value per Share: 708.33
Face Value: 10.00
Total Debt: 97
Net Working Capital: 251
Contingent Liabilities: 51
Book Value per Share: 708.33
Face Value: 10.00

Mar 2020

Equity Capital: 12
: 1,007
: 0
Trade Payables: 195
: 234
Total Liabilities: 1,448
: 686
Capital Work in Progress: 31
: 103
: 169
: 0
Cash & Bank: 326
: 131
Total Assets: 1,448
Total Debt: 10
Net Working Capital: 367
Contingent Liabilities: 51
Book Value per Share: 169.31
Face Value: 2.00
Total Debt: 10
Net Working Capital: 367
Contingent Liabilities: 51
Book Value per Share: 169.31
Face Value: 2.00

Mar 2021

Equity Capital: 12
: 1,131
: 0
Trade Payables: 171
: 203
Total Liabilities: 1,518
: 746
Capital Work in Progress: 32
: 152
: 227
: 0
Cash & Bank: 207
: 152
Total Assets: 1,518
Total Debt: 8
Net Working Capital: 346
Contingent Liabilities: 54
Book Value per Share: 189.82
Face Value: 2.00
Total Debt: 8
Net Working Capital: 346
Contingent Liabilities: 54
Book Value per Share: 189.82
Face Value: 2.00

Mar 2022

Equity Capital: 12
: 1,243
: 0
Trade Payables: 196
: 209
Total Liabilities: 1,660
: 827
Capital Work in Progress: 14
: 178
: 124
: 0
Cash & Bank: 331
: 186
Total Assets: 1,660
Total Debt: 4
Net Working Capital: 348
Contingent Liabilities: 74
Book Value per Share: 208.51
Face Value: 2.00
Total Debt: 4
Net Working Capital: 348
Contingent Liabilities: 74
Book Value per Share: 208.51
Face Value: 2.00

Mar 2023

Equity Capital: 12
: 1,623
: 0
Trade Payables: 233
: 210
Total Liabilities: 2,079
: 807
Capital Work in Progress: 20
: 197
: 241
: 0
Cash & Bank: 497
: 317
Total Assets: 2,079
Total Debt: 0
Net Working Capital: 575
Contingent Liabilities: 76
Book Value per Share: 271.65
Face Value: 2.00
Total Debt: 0
Net Working Capital: 575
Contingent Liabilities: 76
Book Value per Share: 271.65
Face Value: 2.00

Mar 2024

Equity Capital: 12
: 1,899
: 21
Trade Payables: 259
: 200
Total Liabilities: 2,391
: 788
Capital Work in Progress: 35
: 248
: 288
: 119
Cash & Bank: 608
: 305
Total Assets: 2,391
Total Debt: 21
Net Working Capital: 735
Contingent Liabilities: 83
Book Value per Share: 317.49
Face Value: 2.00
Total Debt: 21
Net Working Capital: 735
Contingent Liabilities: 83
Book Value per Share: 317.49
Face Value: 2.00

Mar 2025

Equity Capital: 12
: 1,976
: 82
Trade Payables: 247
: 205
Total Liabilities: 2,522
: 768
Capital Work in Progress: 71
: 278
: 354
: 148
Cash & Bank: 673
: 230
Total Assets: 2,522
Total Debt: 82
Net Working Capital: 881
Contingent Liabilities: 87
Book Value per Share: 330.30
Face Value: 2.00
Total Debt: 82
Net Working Capital: 881
Contingent Liabilities: 87
Book Value per Share: 330.30
Face Value: 2.00

Mar 2026

Equity Capital: 12
: 2,030
: 0
Trade Payables: 239
: 221
Total Liabilities: 2,502
: 757
Capital Work in Progress: 93
: 305
: 360
: 190
Cash & Bank: 146
: 651
Total Assets: 2,502
Total Debt: 0
Net Working Capital: 418
Contingent Liabilities: 63
Book Value per Share: 339.20
Face Value: 2.00
Total Debt: 0
Net Working Capital: 418
Contingent Liabilities: 63
Book Value per Share: 339.20
Face Value: 2.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	200	225	273	165	-7	276	329	202	-61	92
Cash from Investing	-36	-50	-16	-26	-54	-251	-372	-225	42	6
Cash from Financing	-154	-51	-89	-124	-31	-22	-22	-19	23	-103
	10	124	168	15	-91	3	-66	-42	5	-5
Free Cash Flow	200	172	244	119	-105	173	298	163	-122	37
OCF / Net Profit	1.57	1.84	1.44	0.95	-0.07	2.70	0.83	0.75	-0.56	1.11
Cumulative 5-Year FCF	0	0	0	0	630	602	728	647	406	549
OCF / Net Profit	1.57	1.84	1.44	0.95	-0.07	2.70	0.83	0.75	-0.56	1.11
Cumulative 5-Year FCF	0	0	0	0	630	602	728	647	406	549

Mar 2017

: 200
Cash from Investing: -36
Cash from Financing: -154
: 10
Free Cash Flow: 200
OCF / Net Profit: 1.57
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.57
Cumulative 5-Year FCF: 0

Mar 2018

: 225
Cash from Investing: -50
Cash from Financing: -51
: 124
Free Cash Flow: 172
OCF / Net Profit: 1.84
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.84
Cumulative 5-Year FCF: 0

Mar 2019

: 273
Cash from Investing: -16
Cash from Financing: -89
: 168
Free Cash Flow: 244
OCF / Net Profit: 1.44
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.44
Cumulative 5-Year FCF: 0

Mar 2020

: 165
Cash from Investing: -26
Cash from Financing: -124
: 15
Free Cash Flow: 119
OCF / Net Profit: 0.95
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.95
Cumulative 5-Year FCF: 0

Mar 2021

: -7
Cash from Investing: -54
Cash from Financing: -31
: -91
Free Cash Flow: -105
OCF / Net Profit: -0.07
Cumulative 5-Year FCF: 630
OCF / Net Profit: -0.07
Cumulative 5-Year FCF: 630

Mar 2022

: 276
Cash from Investing: -251
Cash from Financing: -22
: 3
Free Cash Flow: 173
OCF / Net Profit: 2.70
Cumulative 5-Year FCF: 602
OCF / Net Profit: 2.70
Cumulative 5-Year FCF: 602

Mar 2023

: 329
Cash from Investing: -372
Cash from Financing: -22
: -66
Free Cash Flow: 298
OCF / Net Profit: 0.83
Cumulative 5-Year FCF: 728
OCF / Net Profit: 0.83
Cumulative 5-Year FCF: 728

Mar 2024

: 202
Cash from Investing: -225
Cash from Financing: -19
: -42
Free Cash Flow: 163
OCF / Net Profit: 0.75
Cumulative 5-Year FCF: 647
OCF / Net Profit: 0.75
Cumulative 5-Year FCF: 647

Mar 2025

: -61
Cash from Investing: 42
Cash from Financing: 23
: 5
Free Cash Flow: -122
OCF / Net Profit: -0.56
Cumulative 5-Year FCF: 406
OCF / Net Profit: -0.56
Cumulative 5-Year FCF: 406

Mar 2026

: 92
Cash from Investing: 6
Cash from Financing: -103
: -5
Free Cash Flow: 37
OCF / Net Profit: 1.11
Cumulative 5-Year FCF: 549
OCF / Net Profit: 1.11
Cumulative 5-Year FCF: 549

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	105.15	97.77	152.31	30.16	17.67	18.28	65.75	44.98	18.13	13.71
Book Value (₹)	479.74	575.31	708.33	169.31	189.82	208.51	271.65	317.49	330.30	339.20
Dividend per Share (₹)	10.00	15.00	20.00	4.00	2.50	2.50	6.00	5.00	2.50	2.00
Cash EPS (₹)	25.15	24.48	35.46	34.57	22.75	23.73	73.28	52.26	25.66	21.19
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	19.01%	18.49%	23.06%	23.26%	15.33%	12.77%	25.69%	17.83%	5.98%	5.26%
Net Margin %	10.96%	10.47%	13.73%	13.91%	12.08%	7.19%	18.05%	14.20%	5.86%	4.53%
ROE %	24.43%	18.40%	23.44%	18.10%	9.19%	8.51%	27.39%	15.27%	5.60%	4.10%
ROCE %	25.15%	22.91%	30.56%	25.18%	8.11%	11.65%	36.53%	20.12%	7.04%	5.60%
	11.35%	10.20%	13.97%	12.00%	6.70%	6.42%	21.18%	12.11%	4.44%	3.29%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	37	33	25	24	36	24	16	21	26	34
Inventory Days	38	45	39	45	88	45	30	51	63	72
Payable Days	182	197	202	250	333	129	123	146	118	111
	-107	-119	-139	-182	-208	-60	-76	-74	-29	-5
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.28x	0.21x	0.11x	0.01x	0.01x	0.00x	0.00x	0.01x	0.04x	0.00x
Interest Coverage (x)	8.23x	13.22x	20.63x	36.90x	30.36x	48.91x	165.73x	167.75x	16.72x	13.15x
	1.06x	1.31x	1.76x	2.57x	2.59x	2.42x	3.03x	3.34x	3.41x	2.41x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	8.03%	-0.27%	19.95%	-10.66%	-33.96%	73.29%	53.69%	-13.49%	-2.63%	-2.50%
Operating Profit Growth %	98.90%	-2.54%	47.43%	-9.25%	-56.44%	43.85%	210.87%	-30.79%	-53.84%	-19.63%
Net Profit Growth %	259.30%	-4.33%	55.05%	-8.79%	-42.62%	2.72%	288.08%	-31.60%	-59.68%	-24.40%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-31.60%	-59.68%	-24.40%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	6.55x	14.35x	17.91x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.93x	0.79x	0.72x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.70%	0.96%	0.81%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	3.04x	5.42x	9.21x

Mar 2017

EPS (₹): 105.15
Book Value (₹): 479.74
Dividend per Share (₹): 10.00
Cash EPS (₹): 25.15
Operating Margin %: 19.01%
Net Margin %: 10.96%
ROE %: 24.43%
ROCE %: 25.15%
: 11.35%
Debtor Days: 37
Inventory Days: 38
Payable Days: 182
: -107
Debt to Equity (x): 0.28x
Interest Coverage (x): 8.23x
: 1.06x
Revenue Growth %: 8.03%
Operating Profit Growth %: 98.90%
Net Profit Growth %: 259.30%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 97.77
Book Value (₹): 575.31
Dividend per Share (₹): 15.00
Cash EPS (₹): 24.48
Operating Margin %: 18.49%
Net Margin %: 10.47%
ROE %: 18.40%
ROCE %: 22.91%
: 10.20%
Debtor Days: 33
Inventory Days: 45
Payable Days: 197
: -119
Debt to Equity (x): 0.21x
Interest Coverage (x): 13.22x
: 1.31x
Revenue Growth %: -0.27%
Operating Profit Growth %: -2.54%
Net Profit Growth %: -4.33%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 152.31
Book Value (₹): 708.33
Dividend per Share (₹): 20.00
Cash EPS (₹): 35.46
Operating Margin %: 23.06%
Net Margin %: 13.73%
ROE %: 23.44%
ROCE %: 30.56%
: 13.97%
Debtor Days: 25
Inventory Days: 39
Payable Days: 202
: -139
Debt to Equity (x): 0.11x
Interest Coverage (x): 20.63x
: 1.76x
Revenue Growth %: 19.95%
Operating Profit Growth %: 47.43%
Net Profit Growth %: 55.05%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 30.16
Book Value (₹): 169.31
Dividend per Share (₹): 4.00
Cash EPS (₹): 34.57
Operating Margin %: 23.26%
Net Margin %: 13.91%
ROE %: 18.10%
ROCE %: 25.18%
: 12.00%
Debtor Days: 24
Inventory Days: 45
Payable Days: 250
: -182
Debt to Equity (x): 0.01x
Interest Coverage (x): 36.90x
: 2.57x
Revenue Growth %: -10.66%
Operating Profit Growth %: -9.25%
Net Profit Growth %: -8.79%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 17.67
Book Value (₹): 189.82
Dividend per Share (₹): 2.50
Cash EPS (₹): 22.75
Operating Margin %: 15.33%
Net Margin %: 12.08%
ROE %: 9.19%
ROCE %: 8.11%
: 6.70%
Debtor Days: 36
Inventory Days: 88
Payable Days: 333
: -208
Debt to Equity (x): 0.01x
Interest Coverage (x): 30.36x
: 2.59x
Revenue Growth %: -33.96%
Operating Profit Growth %: -56.44%
Net Profit Growth %: -42.62%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 18.28
Book Value (₹): 208.51
Dividend per Share (₹): 2.50
Cash EPS (₹): 23.73
Operating Margin %: 12.77%
Net Margin %: 7.19%
ROE %: 8.51%
ROCE %: 11.65%
: 6.42%
Debtor Days: 24
Inventory Days: 45
Payable Days: 129
: -60
Debt to Equity (x): 0.00x
Interest Coverage (x): 48.91x
: 2.42x
Revenue Growth %: 73.29%
Operating Profit Growth %: 43.85%
Net Profit Growth %: 2.72%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 65.75
Book Value (₹): 271.65
Dividend per Share (₹): 6.00
Cash EPS (₹): 73.28
Operating Margin %: 25.69%
Net Margin %: 18.05%
ROE %: 27.39%
ROCE %: 36.53%
: 21.18%
Debtor Days: 16
Inventory Days: 30
Payable Days: 123
: -76
Debt to Equity (x): 0.00x
Interest Coverage (x): 165.73x
: 3.03x
Revenue Growth %: 53.69%
Operating Profit Growth %: 210.87%
Net Profit Growth %: 288.08%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 44.98
Book Value (₹): 317.49
Dividend per Share (₹): 5.00
Cash EPS (₹): 52.26
Operating Margin %: 17.83%
Net Margin %: 14.20%
ROE %: 15.27%
ROCE %: 20.12%
: 12.11%
Debtor Days: 21
Inventory Days: 51
Payable Days: 146
: -74
Debt to Equity (x): 0.01x
Interest Coverage (x): 167.75x
: 3.34x
Revenue Growth %: -13.49%
Operating Profit Growth %: -30.79%
Net Profit Growth %: -31.60%
: -31.60%
P/E (x): 6.55x
P/B (x): 0.93x
Dividend Yield %: 1.70%
: 3.04x

Mar 2025

EPS (₹): 18.13
Book Value (₹): 330.30
Dividend per Share (₹): 2.50
Cash EPS (₹): 25.66
Operating Margin %: 5.98%
Net Margin %: 5.86%
ROE %: 5.60%
ROCE %: 7.04%
: 4.44%
Debtor Days: 26
Inventory Days: 63
Payable Days: 118
: -29
Debt to Equity (x): 0.04x
Interest Coverage (x): 16.72x
: 3.41x
Revenue Growth %: -2.63%
Operating Profit Growth %: -53.84%
Net Profit Growth %: -59.68%
: -59.68%
P/E (x): 14.35x
P/B (x): 0.79x
Dividend Yield %: 0.96%
: 5.42x

Mar 2026

EPS (₹): 13.71
Book Value (₹): 339.20
Dividend per Share (₹): 2.00
Cash EPS (₹): 21.19
Operating Margin %: 5.26%
Net Margin %: 4.53%
ROE %: 4.10%
ROCE %: 5.60%
: 3.29%
Debtor Days: 34
Inventory Days: 72
Payable Days: 111
: -5
Debt to Equity (x): 0.00x
Interest Coverage (x): 13.15x
: 2.41x
Revenue Growth %: -2.50%
Operating Profit Growth %: -19.63%
Net Profit Growth %: -24.40%
: -24.40%
P/E (x): 17.91x
P/B (x): 0.72x
Dividend Yield %: 0.81%
: 9.21x

Shareholding Pattern

Numbers in percentages

TRADES

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

Jun 2024

: 42.78
: 13.01
: 0.06
: 14.27
: 29.88

Sep 2024

: 42.78
: 13.11
: 0.08
: 14.27
: 29.76

Dec 2024

: 42.81
: 13.05
: 0.08
: 14.27
: 29.78

Mar 2025

: 42.90
: 13.06
: 0.10
: 14.27
: 29.68

Jun 2025

: 42.90
: 13.03
: 0.09
: 14.27
: 29.71

Sep 2025

: 42.90
: 13.02
: 0.10
: 14.27
: 29.71

Dec 2025

: 43.03
: 12.99
: 0.10
: 14.27
: 29.61

Mar 2026

: 43.11
: 12.94
: 0.10
: 14.27
: 29.58

Jun 2026

: 43.27
: 12.60
: 0.09
: 14.27
: 29.77

Documents

Announcements

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

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.