BSE: 544267 | NSE: | Paper & Paper Products |
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Subam Papers Ltd is a below average quality company.
The key valuation ratios of Subam Papers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Subam Papers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 14.4% | 5.4% | 19.6% | - |
| Value Creation Index ⓘ | 0.0 | -0.6 | 0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 318 | 445 | 448 | 448 |
| Sales YoY Gr. | - | 40.2% | 0.5% | - |
| Adj EPS ⓘ | 16.8 | 0.6 | 20.3 | 14.2 |
| YoY Gr. | - | -96.5% | 3398.3% | - |
| BVPS (₹) ⓘ | 99.2 | 97.9 | 118.2 | 133 |
| Adj Net Profit ⓘ | 27.3 | 0.9 | 33 | 33 |
| Cash Flow from Ops. ⓘ | 18.9 | 38.2 | 18.6 | - |
| Debt/CF from Ops. ⓘ | 6.1 | 2.7 | 6.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 0.5% | ||||
| Adj EPS ⓘ | NA | NA | NA | 3398.3% | ||||
| BVPSⓘ | NA | NA | NA | 20.7% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 16.9 | 0.6 | 18.8 | 11.3 |
| Op. Profit Mgn % ⓘ | 12.4 | 4.9 | 13.6 | NAN |
| Net Profit Mgn % ⓘ | 8.6 | 0.2 | 7.4 | 7.4 |
| Debt to Equity ⓘ | 0.7 | 0.7 | 0.6 | - |
| Working Cap Days ⓘ | 0 | 149 | 145 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 55 | 61 | 0 |
Debt to equity has declined versus last 3 years average to 0.64
Return on Equity has declined versus last 3 years average to 11.30%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 14.2 | 14.4 |
| TTM Sales (₹ Cr.) | 448 | 494 |
| BVPS (₹.) ⓘ | 133 | 135.9 |
| Reserves (₹ Cr.) ⓘ | 286 | 293 |
| P/BV ⓘ | 1.05 | 1.02 |
| PE ⓘ | 9.80 | 9.68 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 115.00 / 154.70 |
| All Time Low / High (₹) | 115.00 / 154.70 |
| Market Cap (₹ Cr.) | 323 |
| Equity (₹ Cr.) | 23.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 11.7 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Sales | 318 | 445 | 448 |
| Operating Expenses ⓘ | 278 | 423 | 387 |
| Manufacturing Costs | 49 | 72 | 124 |
| Material Costs | 209 | 325 | 236 |
| Employee Cost | 11 | 14 | 15 |
| Other Costs ⓘ | 9 | 12 | 12 |
| Operating Profit ⓘ | 39 | 22 | 61 |
| Operating Profit Margin (%) | 12.4% | 4.9% | 13.5% |
| Other Income ⓘ | 7 | 7 | 6 |
| Interest ⓘ | 3 | 11 | 13 |
| Depreciation ⓘ | 7 | 14 | 10 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 37 | 4 | 44 |
| Tax ⓘ | 9 | 3 | 11 |
| Profit After Tax | 27 | 1 | 33 |
| PAT Margin (%) | 8.6% | 0.2% | 7.4% |
| Adjusted EPS (₹) | 16.8 | 0.6 | 20.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 161 | 159 | 192 | |||||||
| Share Capital ⓘ | 2 | 2 | 2 | |||||||
| Reserves ⓘ | 160 | 158 | 191 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 106 | 92 | 108 | |||||||
| Long Term Debt | 60 | 55 | 51 | |||||||
| Short Term Debt | 46 | 37 | 57 | |||||||
| Trade Payables | 44 | 48 | 35 | |||||||
| Others Liabilities ⓘ | 25 | 25 | 34 | |||||||
| Total Liabilities ⓘ | 337 | 324 | 370 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 200 | 227 | 245 | |||||||
| Accumulated Depreciation | 77 | 92 | 101 | |||||||
| Net Fixed Assetsⓘ | 123 | 135 | 144 | |||||||
| CWIP ⓘ | 0 | 0 | 20 | |||||||
| Investmentsⓘ | 16 | 15 | 15 | |||||||
| Inventories | 51 | 33 | 47 | |||||||
| Trade Receivables | 73 | 71 | 92 | |||||||
| Cash Equivalents | 5 | 5 | 5 | |||||||
| Others Assetsⓘ | 69 | 65 | 47 | |||||||
| Total Assets ⓘ | 337 | 324 | 370 | |||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 19 | 38 | 19 |
| PBT ⓘ | 30 | 4 | 44 |
| Adjustment ⓘ | 10 | 14 | 10 |
| Changes in Working Capital ⓘ | -21 | 20 | -27 |
| Tax Paid ⓘ | 0 | 0 | -8 |
| Cash Flow From Investing Activity ⓘ | -120 | -26 | -38 |
| Capex | -95 | -26 | -19 |
| Net Investments | -5 | 0 | 0 |
| Others ⓘ | -20 | 0 | -20 |
| Cash Flow From Financing Activityⓘ | 101 | -12 | 19 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 58 | -5 | -4 |
| Interest Paid ⓘ | 0 | 0 | 0 |
| Dividend Paid ⓘ | -3 | 0 | 0 |
| Others ⓘ | 46 | -7 | 23 |
| Net Cash Flow ⓘ | 0 | 0 | 0 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.89 | 0.59 | 18.75 | |||||||
| ROCE (%) | 14.42 | 5.37 | 19.61 | |||||||
| Asset Turnover Ratio | 0.94 | 1.35 | 1.29 | |||||||
| PAT to CFO Conversion(x) | 0.7 | 38 | 0.58 | Working Capital Days | ||||||
| Receivable Days | 84 | 59 | 67 | |||||||
| Inventory Days | 59 | 35 | 33 | |||||||
| Payable Days | 77 | 52 | 65 | |||||||
Subam Papers Limited was originally incorporated on October 06, 2004, as a Private Limited Company in the name of ‘Subam Papers Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, Tamil Nadu. Subsequently pursuant to a Special Resolution of its Shareholders passed in the Extra-Ordinary General Meeting held on March 08, 2024, the company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the company was changed to ‘Subam Papers Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on May 15, 2024 by the Registrar of Companies, Central Processing Centre.
The company is engaged in the manufacturing of Kraft Paper and Paper Products. It proudly calls its self as a packaging solution providing company. Subam started its journey in the year 2004 with manufacturing of paper cones and later expanded the product base by adding Duplex board and Kraft paper in its portfolio. The company is not like the traditional paper manufactures, it does not manufacture its products from wood pulp but instead it uses waste paper as its raw material. It aims to preserve Mother Nature and tend to drive the company on the principle of recycling. The company leverages wastepaper as the primary raw material in the production of Kraft Paper and Duplex Board.
It is dedicated to sustainability, using recycled paper and cardboard in the production of Kraft Paper and Duplex Board. This not only reduces waste but also underscores its commitment to environmental responsibility. To further minimize its environmental impact, it harnesses renewable energy through its own wind and solar power installations. As an ISO 9001:2015 and FSC Recycled certified organization, it follows a strong Quality Management System. It ensures top-quality materials, workmanship, schedules, and public service, meeting all project standards. Its focus on quality control upholds high safety and environmental standards, consistently meeting client expectations. With its FSC Recycled certification, it shows its commitment to sustainability by using 100% recycled materials. Its success is due to understanding customer needs, offering cost-effective and consistent quality products, adhering to delivery schedules, being flexible with sizes, and providing responsive customer service. It has a well-trained team dedicated to meeting special quality requirements.
Business area of the company
The company is primarily engaged as manufacturers of Kraft Paper and Paper Products. The company caters to Indian as well as International market.
Products of the company
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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