Sirpur Paper Mills Ltd (SIRPAPER) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 502455 | NSE: SIRPAPER | Paper & Paper Products | Small Cap

BSE Share Price
Not Listed

Sirpur Paper Mills Ltd (SIRPAPER) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 502455 | NSE: SIRPAPER | Paper & Paper Products | Small Cap

DeciZen - make an informed investing decision on Sirpur Paper Mills

Based on:

M-Cap below 100cr DeciZen not available

Sirpur Paper Mills stock performance -

Key Ratios
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P/E Ratio (SA):
0.45
Market Cap:
18.1 Cr.
52-wk low:
10.6
52-wk high:
10.6

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10 Year X-Ray of Sirpur Paper Mills:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -13.3%-11.2%-19.6%-3.8%-2.6%-3.9%12%43.2%34.8%8.4%-
Value Creation
Index
-2.0NANA-1.3-1.2-1.3-0.12.11.5-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3544200154.1205531935934835531
Sales YoY Gr.-18.8%-100%NA5,591.6%278.8%159.3%76%-0.1%-10.7%-
Adj EPS -58.2-53.6-27.3-0.6-1.2-4.42.218.411.82.323.7
YoY Gr.-NANANANANANA734.4%-36.2%-80.4%-
BVPS (₹) 36.6-16.7-1479.68.74.46.824.736.838.6-52.4
Adj Net
Profit
-95.6-91-46.4-11.7-21.7-79.640.233621441.940
Cash Flow from Ops. -8.8-1.3-1-61.4-85-84.816035831895.5-
Debt/CF from Ops. -39.6-305.1-370-3.5-6.4-9.14.61.40.92.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10%72.9%16.3%-10.7%
Adj EPS NANA1.3%-80.4%
BVPS0.6%34.7%78.3%4.8%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-61.8-152.639.431.3-13-66.639.411738.26.1-344.9
Op. Profit
Mgn %
-10.3-5.70-498.4-74.6-379.334.726.812.4-6.6
Net Profit
Mgn %
-27-21.60-1225-40.1-38.97.635.922.957.6
Debt to
Equity
5.8-13.4-1.51.23.49.661.10.40.4-
Working Cap
Days
161134018,54796742319312014217257
Cash Conv.
Cycle
422004,21614221-121018-39

Recent Performance Summary

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Latest Financials - Sirpur Paper Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 23.7 9.9
TTM Sales (₹ Cr.) 531 217
BVPS (₹.) -52.4 59.1
Reserves (₹ Cr.) -106 83
P/BV -0.20 0.18
PE 0.45 1.07
From the Market
52 Week Low / High (₹) 10.64 / 10.64
All Time Low / High (₹) 7.66 / 205.60
Market Cap (₹ Cr.) 18.1
Equity (₹ Cr.) 17
Face Value (₹) 10
Industry PE 20.2

Management X-Ray of Sirpur Paper Mills:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *93.1993.1993.1993.1993.1993.1993.1993.1993.1993.19
* Pledged shares as % of Promoter's holding (%)

Valuation of Sirpur Paper Mills - Standalone Basis

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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Event Update

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Analyst's Notes

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Key Ratios of Sirpur Paper Mills

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales354.01420.4900.9554.07204.84531.11934.60934.06834.57
Operating Expenses 393.75444.5031.915.7194.39280.69481.93610.15684.06731.01
Manufacturing Costs133.56131.3614.200.0364.14143.53159.96206.86214.18202.63
Material Costs173.73229.1100.6513.2884.42257.34330.15393.66447.10
Employee Cost 67.1069.631.210.8210.2944.7957.5664.6665.8668
Other Costs 19.3614.4016.504.206.687.957.068.4810.3513.27
Operating Profit -39.74-24.02-31.91-4.76-40.32-75.8549.18324.45250103.56
Operating Profit Margin (%) -11.2%-5.7%--498.0%-74.6%-37.0%9.3%34.7%26.8%12.4%
Other Income 11.2010.101.621.0530.3764.6076.31101.46105.796.73
Interest 44.8848.22027.4349.4762.9951.8929.2523.24
Depreciation 29.2728.8416.065.984.2918.9022.2325.9126.8929.12
Exceptional Items 0000000-11.0800
Profit Before Tax -102.69-90.98-46.35-11.69-21.67-79.6240.27337.02299.6657.93
Tax -5.590000009.1685.5716
Profit After Tax -97.10-90.98-46.35-11.69-21.67-79.6240.27327.85214.0841.92
PAT Margin (%) -27.4%-21.6%--1,225.0%-40.1%-38.9%7.6%35.1%22.9%5.0%
Adjusted EPS (₹)-59.1-53.6-27.3-0.6-1.2-4.42.218.011.82.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 104.9614.31-249.65175.04158.6380.33123.99449.91670.37702.51
Share Capital 16.4416.9916.99182182182182182182182
Reserves 88.52-2.69-266.64-6.96-23.37-101.67-58.01267.91488.37520.51
Minority Interest0000000000
Debt343.20353.3486.24212.55544.81746.33690.81443.98263.90191.93
Long Term Debt308.46315.1628.38212.55541.79740.69688.78443.19262.06191.93
Short Term Debt34.7438.1957.8603.025.642.040.791.850
Trade Payables80.4094.7090.7810.9744.7755.6942.0238.6136.5246.03
Others Liabilities 66.83102.24361.1221.7992.17120.58159.46133.83250.36334.04
Total Liabilities 595.40564.59288.49420.36840.381,002.941,016.291,066.331,221.161,274.51

Fixed Assets

Gross Block743.37753.40282.6179.08563.08573.33760.33790.99819.64904.89
Accumulated Depreciation325.16354.4632.644.107.7426.6448.8774.5697.65126.64
Net Fixed Assets 418.21398.94249.9774.98555.34546.69711.46716.42721.99778.25
CWIP 9.3600275.5448.71141.036.308.4311.9318.17
Investments 0000000067.3556.81
Inventories40.9646.126.8323.8050.9037.3954.2170.1379.93104.92
Trade Receivables63.4260.086.4800.0716.81010.3300
Cash Equivalents 3.701.491.2110.149.509.977.617.702.913.32
Others Assets 59.7657.972435.89175.87251.03236.70253.32337.06313.04
Total Assets 595.40564.59288.49420.36840.381,002.941,016.291,066.331,221.161,274.51

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity -8.78-1.25-1-61.39-84.96-84.82159.91357.60318.2295.50
PBT -102.69-90.98-46.35-11.69-21.67-79.6240.27337.02299.6657.93
Adjustment 66.6869.7315.408.0811.1166.8082.5986.2251.4949.25
Changes in Working Capital 25.6420.430.02-57.77-74.33-71.8737.69-65.67-25.87-9.76
Tax Paid 1.60-0.39-0.07-0.01-0.07-0.13-0.640.04-7.06-1.91
Cash Flow From Investing Activity -4.81-1.640.32-96.05-248.98-105.97-49.74-44.76-96.50-49.76
Capex 1.230.110.26-96.36-249.15-106.20-50.39-48.17-38.38-43.42
Net Investments 0.430000002.56-58.77-7.08
Others -6.47-1.750.060.310.170.230.650.850.640.74
Cash Flow From Financing Activity 13.360.630.85166.36333.29191.26-112.53-310.19-225.53-45.42
Net Proceeds from Shares 2.392.370139000000
Net Proceeds from Borrowing 00031.1419570.36-21.82-142.51-102.31-24.99
Interest Paid -46.52-38.800-3.78-2.73-34.72-76.11-46.44-24.27-17.59
Dividend Paid 0000000000
Others 57.4937.070.850141.02155.62-14.60-121.25-98.94-2.83
Net Cash Flow -0.23-2.260.178.93-0.650.48-2.362.65-3.820.32

Finance Ratio

PARTICULARSMar'13Mar'14Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-90.45-571.83N/A0-12.99-66.6339.42114.2538.226.11
ROCE (%)-13.25-11.24N/A-3.81-2.61-3.871243.2134.758.42
Asset Turnover Ratio0.610.77000.090.250.560.930.860.71
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/A3.971.091.492.28
Working Capital Days
Receivable Days6150000130400
Inventory Days423605,8572527030232838
Payable Days1441390076621769453534

Sirpur Paper Mills Ltd Stock News

Sirpur Paper Mills Ltd FAQs

The current trading price of Sirpur Paper Mills 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 Sirpur Paper Mills stood at ₹18.07.
The latest P/E ratio of Sirpur Paper Mills as of 31-Dec-1969 is 0.45.
The latest P/B ratio of Sirpur Paper Mills as of 31-Dec-1969 is -0.20.
The 52-week high of Sirpur Paper Mills is ₹10.64 and the 52-week low is ₹10.64.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sirpur Paper Mills is ₹531.1 ( Cr.) .

About Sirpur Paper Mills Ltd

Sirpur Paper Mills incorporated in 1938, is amongst the largest paper manufacturers of variety and colour paper in India. The company manufactures wide range of papers – writing and printing paper, typewriting paper, duplicating paper, creamwove, maplitho, ledger, bank account book paper, bond, parchment, fancy wrapping, pastel paper, cover paper, pulp board, lofty greeting, industrial Kraft, base paper for coated paper, duplex and triplex board.

Headquartered New Delhi, the company’s manufacturing units are located at Sirpur-Kaghaznagar (Andhra Pradesh). The company commenced production with a capacity of 5000 TPA, which currently stands at 1,38,300 TPA.

Company has a pan-India presence with a network of six specialised depots located in Delhi, Mumbai, Kolkata, Chennai, Jaipur and Hyderabad. It also has reach to more than 50 wholesalers spread across in 33 cities.

Company’s products are not only marketed in India but also internationally to countries like Sri Lanka, Malaysia, Bangladesh, Nepal, UAE, South Africa, Singapore, Nigeria and Mauritius.

The company has clientele namely Manipal Press, Greenply, Formica, Eveready, Nippo and Navneet Publications are among others.

Milestones

1938- Sirpur Paper Mills was incorporated under the management of Hyderabad Construction Company.

1942- The company started its production with a capacity of 14 TPD. 

1949- The management was taken over by industrial trust funds of the state government. 

1953- Company commissioned paper machine 2 with a capacity of 16 TPD and in the same year, management taken over by Birla Brothers. 

1956- Company commissioned turbo alternator 2 and 3 with capacity of 7.5 MW each. 

1959- Company started paper machine 3 with a capacity of 60 TPD.

1966- Company set up paper machine 4 commissioned with a capacity of 10 TPD.

1974- SPML’s paper machine 6 for the manufacture of boards commissioned with a capacity of 60 TPD. 

1976- Company commissioned paper machine 5 with a capacity of 10 TPD.

1980- Company’s turbo alternator 4 commissioned with a capacity of 2.4 MW.

1982- Company set up evaporator with a capacity of 50 TPH.

1984- A recovery boiler for processing thick black liquor solids of 275 TPD was set up. Company was in the initial phase of effluent plant. 

1985- Company set up turbo alternator 5 with a capacity of 5 MW.

1986- Company set up its secondary stage effluent treatment plant

1987- SPML’s drum chipper started functioning with a capacity of 20 TPH.

1994- Its second drum chipper commissioned with a capacity of 20 TPH. 75 TPH FBC boiler commissioned, enabling the Company to use low-grade, high-ash content coal for captive power generation.

The same year the management was taken over by Shri Ranjan Kumar Poddar.

1999- Company’s second 75 TPH boiler was set up, this made the company totally self-reliant in area of power requirement. 

2000- The Company installed an SAP/R3 client-server based, enterprise-wide resource planning solution. Non-ferric alum plant of 25 TPD commissioned. 

2002- The company set up paper machine 7 with a capacity of 60 TPD. It also set up a new bleaching unit and soda recovery boiler was retrofitted. 

2003- Company established a 9.5 MW turbo alternator and cooling tower installed.

2005- A 135 TPD rotary lime kiln was installed.

2010 - The Company introduced Twin Roll Press with capacity of 30-40 TPD wet pulp per day.

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