What is South India Paper Mills Ltd (SIPAPER) share price return in the past 10 years?

South India Paper Mills Ltd share price has declined -3.9% annually (CAGR) over the past ten years.

What is the share price of South India Paper Mills Ltd (SIPAPER)?

Company share prices are keep on changing according to the market conditions. The current trading price of South India Paper Mills Ltd (SIPAPER) on 02-Jul-2026 16:59:59 at 16:59 is 107.60.

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

The latest standalone P/E ratio of South India Paper Mills as of 02-Jul-2026 is 18.78.

What is the P/B ratio of South India Paper Mills Ltd (SIPAPER)?

The latest standalone P/B ratio of South India Paper Mills Ltd (SIPAPER) as of 02-Jul-2026 is 0.91.

What is the 52-week high and low of South India Paper Mills Ltd (SIPAPER)?

The 52-week high of South India Paper Mills Ltd (SIPAPER) is Rs. 114.95 and the 52-week low is Rs. 65.10.

South India Paper Mills Ltd (SIPAPER) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: South India Paper Mills Ltd (SIPAPER)
Brand: South India Paper Mills

South India Paper Mills Ltd (SIPAPER)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 516108 NSE: SIPAPER Paper & Paper Products | Small Cap | South India Paper Share Price

South India Paper Mills Ltd (SIPAPER)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 516108 NSE: SIPAPER Paper & Paper Products | Small Cap | South India Paper Share Price

Key Metrics

Valuation Multiples

Market Cap

₹202 Cr.

Current Price

₹107.6

52-Week Low / High

₹65 / 115

TTM EPS

₹5.7

TTM Sales

₹434 Cr.

Book Value per Share

₹118.6

P/E Ratio

18.78

Industry PE

16.7

Price to Book (P/B)

0.91

In line with its 5-year historical median

Price to Sales (P/S)

0.47

Lower than its 5-year historical median

EV/EBITDA

6.91

Lower than its 5-year historical median

Dividend Yield

Profitability Efficiency

Return on Equity (ROE)

-4.47%

Underperforms industry median

Return on Capital Employed (ROCE)

1.79%

Underperforms industry median

Return on Assets (ROA)

-2.14%

Operating Profit Margin

5.9%

Net Profit Margin

-2.61%

Gross Profit Margin

0.8%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Improving versus 3-year growth rate

18.25%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

27.35%

Net Profit Growth (1 Year)

Asset Quality

Promoter Holding

27.81%

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

0.00%

Reserves

₹204 Cr.

Equity

₹18.8 Cr.

Face Value

₹10

All Time Low / High

₹3.10 / 195.00

South India Paper Mills stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is South India Paper Mills Ltd a good quality company?

South India Paper Mills Ltd is a weak quality company, based on a inconsistent 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 South India Paper Mills Ltd performance compare with that of its Peers?

Q.1 Revenue growth of South India Paper Mills Ltd vs industry peers?

South India Paper Mills Ltd revenue CAGR is 11.16%, compared to the industry median CAGR of 5.29%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of South India Paper Mills Ltd?

Promoters hold 27.81% of the South India Paper Mills Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of South India Paper Mills Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of -2.3% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	25.7%	12.8%	3.1%	14.5%	12.6%	12.5%	9.2%	-1.8%	0.2%	1.8%	-
Value Creation Index ⓘ	0.8	-0.1	-0.8	0.0	-0.1	-0.1	-0.3	-1.1	-1.0	-0.9	-
Growth Parameters ⓘ
Sales ⓘ	207	195	135	243	218	227	305	288	312	369	434
Sales YoY Gr.	-	-5.6%	-31%	80.1%	-10.3%	4.2%	34.7%	-5.7%	8.5%	18.3%	-
Adj EPS ⓘ	12.4	7.6	0.1	12.3	10.6	11.1	13	-13.4	-7.4	-5.7	5.7
YoY Gr.	-	-38.7%	-98.6%	11118.2%	-13.9%	4.5%	16.9%	-203.2%	NA	NA	-
BVPS (₹) ⓘ	84.7	94.2	93.1	104	112.9	123.7	137.4	124.4	117.6	112.6	118.6
Adj Net Profit ⓘ	18.5	11.4	0.2	18.5	15.9	16.7	19.5	-25.1	-13.8	-10.7	11
Cash Flow from Ops. ⓘ	38.2	26.2	-1.7	38.9	39.6	21.9	38.9	0.7	-18.4	40.3	-
Debt/CF from Ops. ⓘ	0.9	1.7	-32.1	1	1.1	4.6	5.1	268.1	-10.7	4.3	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.7%	11.2%	6.5%	18.3%
Adj EPS ⓘ	-191.8%	-188.3%	-176%	NA
BVPSⓘ	3.2%	-0.1%	-6.4%	-4.2%
Share Price	-3.9%	0.1%	-0.7%	22.3%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	15.7	8.5	0.1	12.5	9.8	9.4	9.9	-11.4	-6.1	-5	5
Op. Profit Mgn % ⓘ	17.6	15.6	9.7	15.3	15.9	16.5	12.3	-1.7	5.5	5.9	11.7
Net Profit Mgn % ⓘ	9	5.8	0.1	7.6	7.3	7.3	6.4	-8.7	-4.4	-2.9	2.5
Debt to Equity ⓘ	0.3	0.3	0.4	0.2	0.3	0.5	1	0.8	0.9	0.8	0.3
Working Cap Days ⓘ	131	142	226	134	157	161	121	124	123	114	53
Cash Conv. Cycle ⓘ	70	70	131	78	82	83	70	74	79	84	4

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	207	195	135	242	218	227	305	288	312	369
Operating Expenses ⓘ +	171	165	122	206	183	189	268	294	295	348
Manufacturing Costs	42	42	32	56	51	49	66	82	73	71
Material Costs	97	92	65	111	93	100	156	164	172	226
Employee Cost	16	18	14	21	24	26	27	28	29	29
Other Costs ⓘ	15	12	11	17	15	15	19	20	20	22
Operating Profit ⓘ	36	30	12	37	35	37	37	-6	17	22
Operating Profit Margin (%)	17.4%	15.6%	9.2%	15.1%	15.9%	16.5%	12.3%	-2.1%	5.5%	5.9%
Other Income ⓘ +	0	1	2	1	1	1	1	1	2	1
Exceptional Items ⓘ	8	0	0	0	0	3	3	13	-0	1
Interest ⓘ	2	4	5	5	4	5	6	16	19	20
Depreciation ⓘ	8	10	9	9	10	10	9	16	18	17
Profit Before Tax ⓘ	35	18	1	23	21	27	26	-24	-18	-13
Tax ⓘ	11	6	-0	5	5	8	4	-7	-4	-3
Profit After Tax	24	12	1	18	16	19	22	-17	-13	-10
PAT Margin (%)	11.7%	6.1%	0.7%	7.6%	7.3%	8.4%	7.1%	-5.8%	-4.3%	-2.6%
Adjusted EPS (₹)	16.1	8.0	0.6	12.2	10.6	12.7	14.4	-8.9	-7.2	-5.1
Dividend Payout Ratio (%)	18.70%	18.80%	157.40%	12.30%	14.10%	7.90%	6.90%	0%	0%	0%

Valuation of South India Paper - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	127	141	140	156	169	186	206	233	220	211
Share Capital ⓘ	15	15	15	15	15	15	15	19	19	19
Reserves ⓘ	112	126	125	141	154	171	191	215	202	192
Debt +	29	44	47	32	37	95	188	166	172	151
Long Term Debt	14	30	36	32	26	64	141	133	107	83
Short Term Debt	15	14	12	0	11	30	47	33	65	68
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	18	15	18	22	13	16	22	34	17	19
Others Liabilities ⓘ	42	30	30	29	34	42	54	57	47	63
Total Liabilities ⓘ	216	230	235	239	253	339	471	490	457	443
Fixed Assets
Net Fixed Assets ⓘ +	114	136	130	132	128	120	304	343	331	317
Gross Block	190	221	218	230	235	237	431	486	439	442
Accumulated Depreciation	75	85	88	97	107	117	126	142	108	125
CWIP ⓘ	16	11	15	8	15	106	39	17	0	0
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	27	28	35	36	32	29	36	42	41	48
Trade Receivables	36	30	38	40	30	46	48	44	59	58
Cash Equivalents	4	5	2	8	13	9	27	33	1	1
Others Assets ⓘ	18	21	14	15	35	27	16	10	24	18
Total Assets ⓘ	216	230	235	239	253	339	471	490	457	443

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	38	26	-2	39	40	22	39	1	-18	40
PBT ⓘ	35	18	1	23	21	27	26	-24	-18	-13
Adjustment ⓘ	9	13	12	13	13	11	12	19	35	35
Changes in Working Capital ⓘ	2	1	-14	7	8	-12	4	9	-36	18
Tax Paid ⓘ	-8	-5	-0	-5	-4	-4	-3	-3	0	0
Cash Flow From Investing Activity ⓘ +	-52	-29	1	-12	-31	-77	-105	-13	-1	2
Capex	-53	-30	1	-13	-32	-79	-105	-14	-2	1
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	1	0	0	1	2	-0	0	0	0
Cash Flow From Financing Activity ⓘ +	12	3	-2	-21	-3	51	84	18	-12	-41
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	45	0	0
Net Proceeds from Borrowing ⓘ	9	16	10	-3	-6	39	82	11	-28	-28
Interest Paid ⓘ	-2	-4	-5	-4	-4	-5	-13	-19	-18	-18
Dividend Paid ⓘ	-4	-4	-2	-1	-2	-2	-2	-2	-0	-0
Others ⓘ	8	-5	-4	-12	10	20	17	-18	33	6
Net Cash Flow ⓘ	-2	1	-2	5	6	-4	18	5	-32	1

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	20.46	8.91	0.68	12.42	9.8	10.73	11.06	-7.59	-5.92	-4.47
ROCE (%)	25.67	12.84	3.06	14.45	12.64	12.54	9.18	-1.82	0.18	1.79
Asset Turnover Ratio	1.16	0.93	0.58	1.02	0.88	0.77	0.75	0.6	0.66	0.82
PAT to CFO Conversion(x)	1.58	2.17	-2	2.17	2.5	1.16	1.77	N/A	N/A	N/A
Working Capital Days
Receivable Days	55.20	58.50	92.70	58.70	58.10	61.10	56.50	58.40	60.20	58.10
Inventory Days	47.90	48.40	84.90	53.80	57.60	49.60	38.80	49.40	48.90	44.10
Payable Days	59	66.60	92.10	64.50	68.80	53	44.60	63	54.50	29

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

South India Paper Mills Ltd FAQs

The current trading price of South India Paper on 02-Jul-2026 16:59 is ₹107.6.

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-Jul-2026 the market cap of South India Paper stood at ₹201.8 Cr

The latest P/E ratio of South India Paper as of 01-Jul-2026 is 18.78.

The latest P/B ratio of South India Paper as of 01-Jul-2026 is 0.91.

The 52-week high of South India Paper is ₹115.0 and the 52-week low is ₹65.10.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of South India Paper is ₹434 ( Cr.) .

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

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

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.

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.

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South India Paper Mills Ltd (SIPAPER)

South India Paper Mills Ltd (SIPAPER)

South India Paper Mills stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of South India Paper - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

South India Paper Mills Ltd FAQs

What is the share price of South India Paper?

What is the market cap of South India Paper?

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

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

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

What is the TTM revenue of South India Paper?

Is South India Paper Mills Ltd a good quality company?

Is South India Paper Mills Ltd undervalued or overvalued?

Is South India Paper Mills Ltd a good buy now?

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