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

Fair

3. Price Trend

Sylvan Plyboard (India) stock performance -

mw4me loader
P/E Ratio (SA):
27.02
Market Cap:
164.7 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'23Mar'24TTM
ROCE % 6.6%7.9%9.1%8.3%10.2%11.1%6.3%7.5%8.7%11.9%-
Value Creation
Index
-0.5-0.4-0.4-0.4-0.3-0.2-0.6-0.5-0.4-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 238218237232235239109172198223223
Sales YoY Gr.--8.5%8.6%-2%1.3%1.8%-54.4%57.8%15.3%12.7%-
Adj EPS 3.81.12.70.92.15.3-0.123.53.93.2
YoY Gr.--71.1%142.7%-68.2%143.5%153.6%-102.3%NA72.6%11.1%-
BVPS (₹) 45.646.248.149.55356.258.560.763.267.464.1
Adj Net
Profit
4.71.53.61.22.87.2-0.22.84.95.66
Cash Flow from Ops. -4.7-12.76.912.4-2.822.75119.512.8-
Debt/CF from Ops. -6.1-4.36.83.1-18.31.69.44.25.84.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.7%-1%27%12.7%
Adj EPS 0.3%13.6%NA11.1%
BVPS4.4%4.9%4.8%6.6%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
8.32.55.71.849.6-0.23.45.76.14.8
Op. Profit
Mgn %
5.45.15.74.14.97.87.46.27.78.1NAN
Net Profit
Mgn %
20.71.50.51.23-0.21.62.52.52.7
Debt to
Equity
0.50.90.70.60.70.50.60.60.60.6-
Working Cap
Days
02111942022202385113163092970
Cash Conv.
Cycle
010495114100562952101941770

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 27.04%

Debt to equity has declined versus last 3 years average to 0.57

Return on Equity has declined versus last 3 years average to 4.80%

Net Profit has been subdued in last 3 years 0.00%

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

Latest Financials - Sylvan Plyboard (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 3.2 -
TTM Sales (₹ Cr.) 223 -
BVPS (₹.) 64.1 -
Reserves (₹ Cr.) 105 -
P/BV 1.33 -
PE 27.02 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 165
Equity (₹ Cr.) 19.4
Face Value (₹) 10
Industry PE 56.2

Management X-Ray of Sylvan Plyboard (I):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* 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'23Mar'24
Sales238218237232235239109172198223
Operating Expenses 231208224222223220101161185205
Manufacturing Costs18141820111310101718
Material Costs19517718617818317171119129146
Employee Cost 55664679810
Other Costs 14131518263013233231
Operating Profit 710121011188111318
Operating Profit Margin (%) 2.9%4.6%5.1%4.1%4.9%7.7%7.4%6.1%6.6%8.1%
Other Income 1112211112
Interest 5766677679
Depreciation 2333222222
Exceptional Items 00001-40000
Profit Before Tax 1143661459
Tax 0011220113
Profit After Tax 0132440346
PAT Margin (%) 0.2%0.4%1.1%0.8%1.7%1.8%0.3%1.8%1.8%2.7%
Adjusted EPS (₹)0.30.61.91.42.93.20.32.22.54.3
Dividend Payout Ratio (%)0%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'23Mar'24

Equity and Liabilities

Shareholders Fund 56626668727780838896
Share Capital 44555999914
Reserves 52586163686871747982
Minority Interest0000000000
Debt28544639503743425151
Long Term Debt1100008865
Short Term Debt27534538503636344646
Trade Payables75475349517334465762
Others Liabilities 10105106781179
Total Liabilities 169173169165180194165181204218

Fixed Assets

Gross Block35353838394143454651
Accumulated Depreciation10131618202224252627
Net Fixed Assets25222220202019202023
CWIP 0000000011
Investments 11111111000000
Inventories101100108103110120105107132139
Trade Receivables26222326293429413940
Cash Equivalents 01131121246310
Others Assets763410888104
Total Assets 169173169165180194165181204218

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -5-13712-323511913
PBT 11435101459
Adjustment 691086887910
Changes in Working Capital -11-22-53-1412-31-3-5
Tax Paid 0-1-2-1-1-2-10-1-1
Cash Flow From Investing Activity -30-30-4-25-3-40
Capex -3-1-30-2-2-1-3-3-6
Net Investments 00000060-24
Others 1100-210002
Cash Flow From Financing Activity 324-13-143-253-5-8-7
Net Proceeds from Shares 1510000022
Net Proceeds from Borrowing -1-10-100100-20
Interest Paid -5-7-6-6-6-7-7-6-7-9
Dividend Paid 0000000000
Others 826-7-79-180000
Net Cash Flow -411-9-2-3-4133-27
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)0.751.344.142.875.735.840.473.764.136.61
ROCE (%)6.617.939.148.2610.1811.136.257.478.7311.85
Asset Turnover Ratio1.451.321.441.451.361.280.610.991.031.06
PAT to CFO Conversion(x)N/A-132.336-0.755.75N/A3.672.252.17
Working Capital Days
Receivable Days383933374348106747364
Inventory Days150162154159166175378225219221
Payable Days14112698104100133277122145148

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 ₹164.7.
The latest P/E ratio of Sylvan Plyboard (I) as of 01-Jan-1970 05:30 is 27.02.
The latest P/B ratio of Sylvan Plyboard (I) as of 01-Jan-1970 05:30 is 1.33.
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 ₹223.3 ( 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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