Is South India Paper Mills a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that South India Paper Mills Ltd is a below average quality company .

Is South India Paper Mills undervalued or overvalued?

The key valuation ratios of South India Paper Mills Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is South India Paper Mills share price return in the past 10 years?

South India Paper Mills Ltd share price has appreciated 4.1% annually (CAGR) over the past ten years.

Is South India Paper Mills a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of South India Paper Mills Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of South India Paper Mills?

The latest standalone P/E ratio of South India Paper Mills as of 20-Dec-2024 is 0.00.

What is the P/B ratio of South India Paper Mills?

The latest standalone P/B ratio of South India Paper Mills as of 20-Dec-2024 is 0.95.

What is the 52-week high and low of South India Paper Mills?

The 52-week high of South India Paper Mills is Rs. 120.75 and the 52-week low is Rs. 68.60.

South India Paper Mills Ltd - Stock Valuation and Financial Performance

Name: South India Paper Mills
Brand: South India Paper Mills

BSE: 516108 | NSE: SIPAPER | Paper & Paper Products | Small Cap

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South India Paper Share Price

₹109.60 -1.05 -0.95%
as on 20-Dec'24 16:59

10 Year X-Ray of South India Paper:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	18.9%	25.7%	12.8%	3.1%	14.5%	12.6%	12.5%	9.2%	-1.8%	0.2%	-
Value Creation Index ⓘ	0.4	0.8	-0.1	-0.8	0.0	-0.1	-0.1	-0.3	-1.1	-1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	186	207	195	135	243	218	227	305	288	312	354
Sales YoY Gr.	-	11.4%	-5.6%	-31%	80.1%	-10.3%	4.2%	34.7%	-5.7%	8.5%	-
Adj EPS ⓘ	8.7	12.4	7.6	0.1	12.3	10.6	11.1	13	-13.4	-7.4	-5.3
YoY Gr.	-	42.6%	-38.7%	-98.6%	11118.2%	-13.9%	4.5%	16.9%	-203.2%	NA	-
BVPS (₹) ⓘ	72.3	84.7	94.2	93.1	104	112.9	123.7	137.4	124.4	117.6	115.4
Adj Net Profit ⓘ	13	18.5	11.4	0.2	18.5	15.9	16.7	19.5	-25.1	-13.8	-10
Cash Flow from Ops. ⓘ	14.6	38.2	26.2	-1.7	38.9	39.6	21.9	38.9	0.7	-18.4	-
Debt/CF from Ops. ⓘ	1.2	0.9	1.7	-32.1	1	1.1	4.6	5.1	268.1	-10.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6%	5.2%	11.3%	8.5%
Adj EPS ⓘ	-198.2%	-190.2%	-187.3%	NA
BVPSⓘ	5.6%	2.5%	-1.7%	-5.5%
Share Price	4.1%	7.7%	-7.1%	13.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	12.5	15.7	8.5	0.1	12.5	9.8	9.4	9.9	-11.4	-6.1	-4.6
Op. Profit Mgn % ⓘ	15.7	17.6	15.6	9.7	15.3	15.9	16.5	12.3	-1.7	5.5	6
Net Profit Mgn % ⓘ	7	9	5.8	0.1	7.6	7.3	7.3	6.4	-8.7	-4.4	-2.8
Debt to Equity ⓘ	0.2	0.3	0.3	0.4	0.2	0.3	0.5	1	0.8	0.9	0.4
Working Cap Days ⓘ	132	131	142	226	134	157	161	121	124	123	55
Cash Conv. Cycle ⓘ	73	70	70	131	78	82	83	70	74	79	-4

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.26%

Debt to equity has declined versus last 3 years average to 0.90

Sales growth is good in last 4 quarters at 25.46%

Return on Equity is Poor

Latest Financials - South India Paper Mills Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-5.3	-
TTM Sales (₹ Cr.)	354	-
BVPS (₹.) ⓘ	115.4	-
Reserves (₹ Cr.) ⓘ	198	-
P/BV ⓘ	0.95	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	68.60 / 120.75
All Time Low / High (₹)	3.10 / 195.00
Market Cap (₹ Cr.)	206
Equity (₹ Cr.)	18.8
Face Value (₹)	10
Industry PE ⓘ	11.5

Management X-Ray of South India Paper:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of South India Paper

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of South India Paper

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	186	207	195	135	242	218	227	305	288	312
Operating Expenses ⓘ	156	171	165	122	206	183	189	268	294	295
Manufacturing Costs	39	42	42	32	56	51	49	66	82	73
Material Costs	89	97	92	65	111	93	100	156	164	172
Employee Cost	15	16	18	14	21	24	26	27	28	29
Other Costs ⓘ	13	15	12	11	17	15	15	19	20	20
Operating Profit ⓘ	29	36	30	12	37	35	37	37	-6	17
Operating Profit Margin (%)	15.7%	17.4%	15.6%	9.2%	15.1%	15.9%	16.5%	12.3%	-2.1%	5.5%
Other Income ⓘ	1	0	1	2	1	1	1	1	1	2
Interest ⓘ	2	2	4	5	5	4	5	6	16	19
Depreciation ⓘ	8	8	10	9	9	10	10	9	16	18
Exceptional Items ⓘ	0	8	0	0	0	0	3	3	13	0
Profit Before Tax ⓘ	21	35	18	1	23	21	27	26	-24	-18
Tax ⓘ	7	11	6	0	5	5	8	4	-7	-4
Profit After Tax	14	24	12	1	18	16	19	22	-17	-13
PAT Margin (%)	7.3%	11.7%	6.1%	0.7%	7.6%	7.3%	8.4%	7.1%	-5.8%	-4.3%
Adjusted EPS (₹)	9.0	16.1	8.0	0.6	12.2	10.6	12.7	14.4	-8.9	-7.2
Dividend Payout Ratio (%)	28%	19%	19%	157%	12%	14%	8%	7%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	108	127	141	140	156	169	186	206	233	220
Share Capital ⓘ	15	15	15	15	15	15	15	15	19	19
Reserves ⓘ	93	112	126	125	141	154	171	191	215	202
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	14	29	44	47	32	37	95	188	166	172
Long Term Debt	5	14	30	36	32	26	64	141	133	107
Short Term Debt	9	15	14	12	0	11	30	47	33	65
Trade Payables	13	18	15	18	22	13	16	22	34	17
Others Liabilities ⓘ	27	42	30	30	29	34	42	54	57	47
Total Liabilities ⓘ	163	216	230	235	239	253	339	471	490	457
Fixed Assets
Gross Block	146	190	221	218	230	235	237	431	486	439
Accumulated Depreciation	67	75	85	88	97	107	117	126	142	108
Net Fixed Assetsⓘ	79	114	136	130	132	128	120	304	343	331
CWIP ⓘ	2	16	11	15	8	15	106	39	17	0
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	30	27	28	35	36	32	29	36	42	41
Trade Receivables	30	36	30	38	40	30	46	48	44	59
Cash Equivalents	6	4	5	2	8	13	9	27	33	1
Others Assetsⓘ	16	18	21	14	15	35	27	16	10	24
Total Assets ⓘ	163	216	230	235	239	253	339	471	490	457

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	15	38	26	-2	39	40	22	39	1	-18
PBT ⓘ	21	35	18	1	23	21	27	26	-24	-18
Adjustment ⓘ	9	9	13	12	13	13	11	12	19	35
Changes in Working Capital ⓘ	-10	2	1	-14	7	8	-12	4	9	-36
Tax Paid ⓘ	-5	-8	-5	0	-5	-4	-4	-3	-3	0
Cash Flow From Investing Activity ⓘ	-7	-52	-29	1	-12	-31	-77	-105	-13	-1
Capex	-8	-53	-30	1	-13	-32	-79	-105	-14	-2
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	1	0	0	1	2	0	0	0
Cash Flow From Financing Activityⓘ	-4	12	3	-2	-21	-3	51	84	18	-12
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	45	0
Net Proceeds from Borrowing ⓘ	3	9	16	10	-3	-6	39	82	11	-28
Interest Paid ⓘ	-2	-2	-4	-5	-4	-4	-5	-13	-19	-18
Dividend Paid ⓘ	-2	-4	-4	-2	-1	-2	-2	-2	-2	0
Others ⓘ	-3	8	-5	-4	-12	10	20	17	-18	33
Net Cash Flow ⓘ	3	-2	1	-2	5	6	-4	18	5	-32

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	12.99	20.46	8.91	0.68	12.42	9.8	10.73	11.06	-7.59	-5.92
ROCE (%)	18.9	25.67	12.84	3.06	14.45	12.64	12.54	9.18	-1.82	0.18
Asset Turnover Ratio	1.25	1.16	0.93	0.58	1.02	0.88	0.77	0.75	0.6	0.66
PAT to CFO Conversion(x)	1.07	1.58	2.17	-2	2.17	2.5	1.16	1.77	N/A	N/A
Working Capital Days
Receivable Days	53	55	59	93	59	58	61	56	58	60
Inventory Days	53	48	48	85	54	58	50	39	49	49
Payable Days	59	59	67	92	64	69	53	45	63	55

South India Paper Mills Ltd Stock News

South India Paper Mills Ltd FAQs

What is the share price of South India Paper?

Company share prices are keep on changing according to the market conditions. The closing price of South India Paper on 20-Dec-2024 16:59 is ₹109.6.

What is the market cap of South India Paper?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of South India Paper stood at ₹205.5.

What is the P/E ratio of South India Paper?

The latest P/E ratio of South India Paper as of 20-Dec-2024 16:59 is 0.00.

What is the P/B ratio of South India Paper?

The latest P/B ratio of South India Paper as of 20-Dec-2024 16:59 is 0.95.

What is the 52-week high and low of South India Paper?

The 52-week high of South India Paper is ₹120.8 and the 52-week low is ₹68.60.

What is the TTM revenue of South India Paper?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of South India Paper is ₹354.2 ( Cr.) .

About South India Paper Mills Ltd

South India Paper Mills (SIPM) was incorporated in 1959 and promoted by the South India Paper group. The company is engaged in paper business. It manufactures paper and paperboards such as cartons. The company caters to the needs of various segments of paper-based industries such as newsprint, writing paper, packaging, etc. SIPM is also engaged in power cogeneration. It generates steam process requirements as well as power generation by fluidised bed combustion (FBC) boilers. The plant is located at Chikkayanachatra (Mysore) in Karnataka. The total installed capacity of the company is 56,000 MT of paper and paper boards per annum. SIPM is a 47-year old public limited company listed on BSE. SIPM primarily manufactures corrugating raw material (Kraft, Liner board, Test Liner & Fluting).

SIPM's clientele includes top FMCG companies and several EOUs. The company has stake on a box manufacturing company as well. Future plans include installation of a state-of-the-art sheet plant to cater to the box manufacturer's requirement. South India Paper Mills Limited is an India-based company.

Milestones:

1959 - The company was incorporated and acquired a paper mill for a consideration of Rs 7.16 lakh.

1968- 1970 - The company increased its capacity to 24 TPD.

1982 - SIPM's capacity was further enhanced to 45 TPD. The company's object is to manufacture paper and paper boards.

1996- The high pressure power boiler became operational from February. This is expected to insulate the cost of fuel by virtue of supply shortages and off season scarcities.

1998 - The company undertook an expansion project for setting up (i) Electro static precipitator system (ii) High pressure boiler of 25 tph capacity (iii) New paper machine (iv)Turbo generating set of 3.5 MW capacity.

Business areas of the company:

The company is engaged in the manufacture of paper and paper products. It is also engaged in the generation of power. The company operates in two segments: Paper & Paper Products and Power. Its products include Kraft liners / Test liners, MG Kraft Paper, MF Printing and Writing & Newsprint.