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Sylvan Plyboard (India) Ltd (SYLVANPLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SYLVANPLY Wood & Wood Products | Small Cap | Sylvan Plyboard (I) Share Price

BSE Share Price
Not Listed

Sylvan Plyboard (India) Ltd (SYLVANPLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SYLVANPLY Wood & Wood Products | Small Cap | Sylvan Plyboard (I) Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹97 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹3.7
TTM Sales
₹253 Cr.
Book Value per Share
₹64.6
P/E Ratio
13.48
Lower than its 3-year historical median
Industry PE
56
Price to Book (P/B)
0.77
Lower than its 3-year historical median
Price to Sales (P/S)
0.38
Lower than its 3-year historical median
EV/EBITDA
6.56
Lower than its 3-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
6.23%
Return on Capital Employed (ROCE)
11.50%
Return on Assets (ROA)
2.88%
Operating Profit Margin
9%
Net Profit Margin
2.85%
Gross Profit Margin
5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
8.4%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
15.91%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.3%
Asset Quality
Promoter Holding
73.68%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹106 Cr.
Equity
₹19.4 Cr.
Face Value
₹10
All Time Low / High
- / -

Sylvan Plyboard (India) stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Sylvan Plyboard (India) Ltd a good quality company?
Sylvan Plyboard (India) Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Sylvan Plyboard (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sylvan Plyboard (India) Ltd vs industry peers?
Sylvan Plyboard (India) Ltd revenue CAGR is 0.26%, compared to the industry median CAGR of 1.10%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Sylvan Plyboard (India) Ltd?
Promoters hold 73.68% of the Sylvan Plyboard (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sylvan Plyboard (India) Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -30.22% based on the current price.

10 Year X-Ray :

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

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7.9%9.1%8.3%10.2%11.1%6.3%7.5%8.7%11.9%11.5%-
Value Creation
Index
-0.4-0.4-0.4-0.3-0.2-0.6-0.5-0.4-0.2-0.2-

Growth Parameters

Sales 218237232235239109172198223242253
Sales YoY Gr.-8.6%-2%1.3%1.8%-54.4%57.8%15.3%12.7%8.4%-
Adj EPS 1.12.70.92.15.3-0.123.53.93.83.7
YoY Gr.-142.7%-68.2%143.5%153.6%-102.3%NA72.6%11.1%-2.6%-
BVPS (₹) 46.248.149.55356.258.560.763.267.464.664.6
Adj Net
Profit
1.53.61.22.87.2-0.22.84.95.67.47
Cash Flow from Ops. -12.76.912.4-2.822.75119.514.20-
Debt/CF from Ops. -4.36.83.1-18.31.69.44.25.83.92965.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 1.2%0.3%12.1%8.4%
Adj EPS 14.8%-6.2%23.2%-2.6%
BVPS3.8%2.8%2.1%-4.1%
Share Price - - - -30.2%

Key Financial Parameters

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.55.71.849.6-0.23.45.76.16.75.7
Op. Profit
Mgn %
5.15.74.14.97.87.46.27.78.19NAN
Net Profit
Mgn %
0.71.50.51.23-0.21.62.52.53.12.8
Debt to
Equity
0.90.70.60.70.50.60.60.60.60.5-
Working Cap
Days
2111942022202385113163092973050
Cash Conv.
Cycle
10495114100562952101941771890

Valuation of Sylvan Plyboard (I) - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23Mar'24Mar'25
Sales217.89236.55231.82234.75238.85108.89171.82198.07223.26242.01
Operating Expenses + 207.86224.50222.30223.28220.36100.83161.29184.95205.08220.95
Manufacturing Costs13.8817.6019.5510.7712.819.599.9516.6518.3819.59
Material Costs176.52186.02178.16182.59171.2170.97119.47128.58145.60153.32
Employee Cost 4.565.636.244.026.056.818.598.0810.1112.30
Other Costs 12.9015.2518.3525.9030.2913.4623.2731.653135.75
Operating Profit 10.0312.059.5211.4818.498.0610.5313.1218.1721.06
Operating Profit Margin (%) 4.6%5.1%4.1%4.9%7.7%7.4%6.1%6.6%8.1%8.7%
Other Income + 1.051.162.291.811.071.401.101.081.621.50
Exceptional Items 00-0.270.70-4.1300000
Interest 6.766.485.875.727.106.995.607.258.5910.47
Depreciation 3.112.762.502.302.271.952.102.342.373.04
Profit Before Tax 1.213.983.175.966.060.513.934.618.839.05
Tax 0.421.341.251.951.710.140.881.082.732.15
Profit After Tax 0.792.651.914.014.350.373.053.536.096.90
PAT Margin (%) 0.4%1.1%0.8%1.7%1.8%0.3%1.8%1.8%2.7%2.9%
Adjusted EPS (₹)0.61.91.42.93.20.32.22.54.33.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 6265.6467.5672.2976.6779.7882.8388.1296.18125.17
Share Capital 4.474.554.554.559.099.099.099.3014.2719.37
Reserves 57.5261.1063.0167.7567.5870.6973.7478.8281.91105.79
Debt +53.6245.7838.5250.4536.5143.3742.1351.4950.9160.99
Long Term Debt0.960.480.280.330.477.747.965.785.353.26
Short Term Debt52.6745.3038.2450.1236.0435.6334.1745.7145.5557.72
Minority Interest0000000000
Trade Payables46.8652.6548.8651.2873.3234.2545.7456.6661.7967.65
Others Liabilities 10.395.199.966.297.148.0810.627.488.678.46
Total Liabilities 172.87169.26164.90180.32193.65165.47181.32203.75217.55262.26

Fixed Assets

Net Fixed Assets +21.9622.0819.9219.8119.5618.7620.4219.9223.1930.52
Gross Block35.4038.2038.2239.5041.3342.9645.2346.2650.5660.61
Accumulated Depreciation13.4416.1218.3019.6821.7724.2024.8126.3427.3630.09
CWIP 0.190000000.841.270.36
Investments 11.1210.9710.870000000
Inventories99.70107.65103.42109.51120.16105.16106.57131.62139.15165.65
Trade Receivables22.3122.6925.7029.3033.8829.1940.5138.5340.0951.54
Cash Equivalents 11.192.530.5711.6211.834.105.583.109.6610.96
Others Assets 6.403.344.4210.088.228.268.259.744.193.23
Total Assets 172.87169.26164.90180.32193.65165.47181.32203.75217.55262.26
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -12.696.8712.36-2.7822.674.9911.029.4514.180.02
PBT 1.213.983.175.2610.190.513.934.618.839.05
Adjustment 9.159.547.556.338.398.406.818.9510.1012.46
Changes in Working Capital -22.31-5.143.12-14.3512.36-2.880.52-3.16-3.28-18.85
Tax Paid -0.74-1.51-1.47-0.55-2-1.04-0.24-0.95-1.46-2.64
Cash Flow From Investing Activity + -0.05-2.84-0.22-3.69-1.535.30-2.72-4.11-0.89-6.88
Capex -0.68-2.68-0.34-2.16-2.03-1.41-3.30-2.54-5.99-9.39
Net Investments -0.100.150.10006.290.15-2.034.131.52
Others 0.72-0.310.03-1.520.510.420.430.460.970.99
Cash Flow From Financing Activity + 23.72-12.70-14.103.32-25.083.08-5.37-7.82-6.738.16
Net Proceeds from Shares 51000001.761.9728.05
Net Proceeds from Borrowing -0.520.15-1.170010.080.24-2.32-0.11-3.45
Interest Paid -6.76-6.48-5.87-5.72-7.10-6.99-5.60-7.25-8.59-10.47
Dividend Paid 0000000000
Others 26.01-7.37-7.069.05-17.99-0000-5.97
Net Cash Flow 10.98-8.67-1.95-3.14-3.9413.382.94-2.486.561.30
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.344.142.875.735.840.473.764.136.616.23
ROCE (%)7.939.148.2610.1811.136.257.478.7311.8511.5
Asset Turnover Ratio1.321.441.451.361.280.610.991.031.061.01
PAT to CFO Conversion(x)-16.062.596.47-0.695.2113.493.612.682.330
Working Capital Days
Receivable Days38.6033.3036.6042.8048.30105.707472.8064.3069.10
Inventory Days161.80153.60159.40165.50175.50377.60224.90219.50221.30229.90
Payable Days126.2097.60104100.10132.80276.60122.20145.40148.50154.10

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Sylvan Plyboard (India) Ltd FAQs

The current trading 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 31-Dec-1969 the market cap of Sylvan Plyboard (I) stood at ₹96.87 Cr

The latest P/E ratio of Sylvan Plyboard (I) as of 31-Dec-1969 is 13.48.

The latest P/B ratio of Sylvan Plyboard (I) as of 31-Dec-1969 is 0.77.

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 ₹253 ( Cr.) .

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

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

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.

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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