Sylvan Plyboard (India) Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: SYLVANPLY | Wood & Wood Products | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Sylvan Plyboard (I)

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Sylvan Plyboard (India) stock performance -

mw4me loader
P/E Ratio (SA):
51.67
Market Cap:
182.3 Cr.
52-wk low:
0
52-wk high:
0

Is Sylvan Plyboard (India) Ltd an attractive stock to invest in?

1. Is Sylvan Plyboard (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sylvan Plyboard (India) Ltd is a below average quality company.

2. Is Sylvan Plyboard (India) Ltd undervalued or overvalued?

The key valuation ratios of Sylvan Plyboard (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Sylvan Plyboard (India) Ltd a good buy now?

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

10 Year X-Ray of Sylvan Plyboard (I):

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sylvan Plyboard (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23TTM
ROCE % 9.6%6.2%7.2%4.8%6%10.3%3.9%5.3%7.3%-
Value Creation
Index
-0.3-0.6-0.5-0.7-0.6-0.3-0.7-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 238218237232235239109172198198
Sales YoY Gr.--8.5%8.6%-2%1.3%1.8%-54.4%57.8%15.3%-
Adj EPS 3.81.12.70.92.15.3-0.123.51.8
YoY Gr.--71.1%142.7%-68.2%143.5%153.6%-102.3%NA72.6%-
BVPS (₹) 45.646.248.149.55356.258.560.763.263.4
Adj Net
Profit
4.71.53.61.22.87.2-0.22.84.94
Cash Flow from Ops. -4.7-12.76.912.4-2.822.7511-2.1-
Debt/CF from Ops. -6.1-4.36.83.1-18.31.69.44.2-26.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA-3.1%-6.1%15.3%
Adj EPS NA32.9%-12.5%72.6%
BVPSNA5%4%4%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.32.55.71.849.6-0.23.45.72.9
Op. Profit
Mgn %
5.45.15.74.14.97.87.46.27.7NAN
Net Profit
Mgn %
20.71.50.51.23-0.21.62.51.8
Debt to
Equity
0.50.90.70.60.70.50.60.60.6-
Working Cap
Days
02111942022202385113163090
Cash Conv.
Cycle
010495114100562952101940

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.62

Return on Equity has declined versus last 3 years average to 2.90%

Sales growth has been subdued in last 3 years -6.05%

Net Profit has been subdued in last 3 years -12.48%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Sylvan Plyboard (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 1.8 -
TTM Sales (₹ Cr.) 198 -
BVPS (₹.) 63.4 -
Reserves (₹ Cr.) 104 -
P/BV 1.48 -
PE 51.67 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 182
Equity (₹ Cr.) 19.4
Face Value (₹) 10
Industry PE 46.5

Management X-Ray of Sylvan Plyboard (I):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sylvan Plyboard (I)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23
Sales238218237232235239109172198
Operating Expenses 231208224222223220101161185
Manufacturing Costs181418201113101014
Material Costs19517718617818317171119129
Employee Cost 5566467911
Other Costs 141315182630132332
Operating Profit 7101210111881113
Operating Profit Margin (%) 2.9%4.6%5.1%4.1%4.9%7.7%7.4%6.1%6.6%
Other Income 111221111
Interest 576667767
Depreciation 233322222
Exceptional Items 00001-4000
Profit Before Tax 114366145
Tax 001122011
Profit After Tax 013244034
PAT Margin (%) 0.2%0.4%1.1%0.8%1.7%1.8%0.3%1.8%1.8%
Adjusted EPS (₹)0.30.61.91.42.93.20.32.22.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 566266687277808388
Share Capital 445559999
Reserves 525861636868717479
Minority Interest000000000
Debt285446395037434251
Long Term Debt110000886
Short Term Debt275345385036363446
Trade Payables754753495173344657
Others Liabilities 1010510678117
Total Liabilities 169173169165180194165181204

Fixed Assets

Gross Block353538383941434546
Accumulated Depreciation101316182022242526
Net Fixed Assets252222202020192020
CWIP 000000001
Investments 1111111100000
Inventories101100108103110120105107132
Trade Receivables262223262934294139
Cash Equivalents 011311212463
Others Assets76341088810
Total Assets 169173169165180194165181204

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -5-13712-323511-2
PBT 1143510145
Adjustment 6910868879
Changes in Working Capital -11-22-53-1412-31-15
Tax Paid 0-1-2-1-1-2-10-1
Cash Flow From Investing Activity -30-30-4-25-3-4
Capex -3-1-30-2-2-1-3-3
Net Investments 00000060-2
Others 1100-21000
Cash Flow From Financing Activity 324-13-143-253-5-8
Net Proceeds from Shares 151000002
Net Proceeds from Borrowing -1-10-100100-2
Interest Paid -5-7-6-6-6-7-7-6-7
Dividend Paid 000000000
Others 826-7-79-18000
Net Cash Flow -411-9-2-3-4133-14
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23
Ratios
ROE (%)0.751.344.142.875.735.840.473.764.13
ROCE (%)6.617.939.148.2610.1811.136.257.478.73
Asset Turnover Ratio1.451.321.441.451.361.280.610.991.03
PAT to CFO Conversion(x)N/A-132.336-0.755.75N/A3.67-0.5
Working Capital Days
Receivable Days3839333743481067473
Inventory Days150162154159166175378225219
Payable Days14112698104100133277122145

Sylvan Plyboard (India) Ltd Stock News

Sylvan Plyboard (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sylvan Plyboard (I) on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Sylvan Plyboard (I) stood at ₹182.3.
The latest P/E ratio of Sylvan Plyboard (I) as of 01-Jan-1970 05:30 is 51.67.
The latest P/B ratio of Sylvan Plyboard (I) as of 01-Jan-1970 05:30 is 1.48.
The 52-week high of Sylvan Plyboard (I) is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sylvan Plyboard (I) is ₹198.1 ( Cr.) .

About Sylvan Plyboard (India) Ltd

Sylvan Plyboard (India) limited was originally incorporated as a Private Limited Company in the name of ‘Singh Brothers Exim Private Limited’ on August 02, 2002 under the provisions of Companies Act, 1956 issued by Registrar of Companies - West Bengal. Subsequently the name of the company was changed to ‘Sylvan Plyboard (India) Private Limited’ vide a fresh Certificate of Incorporation consequent upon Change of Name dated March 05, 2013 issued by Registrar of Companies - West Bengal. Subsequently, the company was converted into Public Limited Company under the Companies Act, 2013 and the name of the Company was changed to ‘Sylvan Plyboard (India) Limited’ vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated June 19, 2018 issued by Registrar of Companies, Kolkata.

The company is engaged into manufacturing of various wood products such as plywood, block board, flush door, veneer and sawn timber across various grades and thickness. In the year 1951, Jai Prakash Singh (Whole Time Director of the company and father of its promoter) through his proprietorship concern, Singh Brothers & Co., started the business as a trading concern of indigenous timber logs and subsequent selling the same in Indian market. Leveraging the knowledge of timber products and domestic market, in the year 2004, the Company acquired ongoing business of Singh Brothers & Co. (Proprietorship Firm). Over the period, after establishing its selves in trading of timber products, it diversified its activities to manufacturing activities by setting up an integrated manufacturing facility in Baidyabati, West Bengal 

It is dedicated to constantly expanding and updating its product range in order to stay ahead in the market. Its range of products under its manufacturing capabilities is summarized as under: Plywood, Block Boards & Flush Doors, Veneer, and Sawn Timber. The company markets its products under the brand name of ‘Sylvan’, through its network of Authorized Dealers and Authorized Sub Dealers. 

It has more than many numbers of plywood products in its basket, thickness ranging from 4 mm to 40 mm. The company has large range of product offering to wide range of customers, ‘Sylvan Z+ Premium Plus’ is the most premium plywood product of the Company amongst other offerings in premium segment. It has ‘Robusta Premium’ & ‘Primo Plus’ for middle segment and ‘Sylvan Blu’ which is aimed at lower class segment with a view of addressing the growing demand of cheaper plywood and their alternatives. It also offers Boiling Water Proof (BWP) and Boiling Water Resistant (BWR) plywood. Its range of plywood products caters to various customers across various segments.

Business area of the company

The company is engaged in the business of manufacturing plywood, block board, flush door, veneers and allied products. In addition, it engages in import and trading of timber logs and sawn timber.

Products of the company

  • Plywood
  • Blockboard
  • Flush door
  • Veneer
  • Sawn timber
  • Resin/Glue

History and milestones

  • 2002: Business started in the name ‘Singh Brothers Exim Private Limited’. 
  • 2004: Acquisition of M/s Singh Brother & Co. (Proprietorship concern of Jai Prakash Singh). 
  • 2013: Change in name from ‘Singh Brothers Exim Private Limited’ to ‘Sylvan Plyboard (India) Private Limited’.
  • 2016: Certified as an ISO- 14001:2004 Company.
  • 2016: Certified as an ISO- 9001:2008 Company.
  • 2016: Certified as an OHSAS 18001:2007 Company.
  • 2018: Company converted from Private Limited Company to Public Limited Company i.e. ‘Sylvan Plyboard (India)’.

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