South India Paper Mills Ltd Stock Analysis

BSE: 516108 | NSE: SIPAPER | Paper & Paper Products | Small Cap

BSE Share Price 03-Feb-2023 18:01
114.95 1.05 (0.92%)

DeciZen - Make an Informed Decision on South India Paper

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

1. Quality

2. Valuation

Fair

3. Price Trend

South India Paper Price Chart

P/E Ratio ( SA) :
80.57
Market Cap :
172.4 Cr.
52-wk low :
107
52-wk high :
195
Bole Toh?

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

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

2. Is South India Paper Mills Ltd undervalued or overvalued?

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

3. Is South India Paper Mills Ltd a good buy now?

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.

10 Year X-Ray of South India Paper:

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.
South India Paper Mills 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 14.2%4.7%12%13.9%8.2%1.9%11.3%9.3%8%6.9%-
Value Creation Index 0.0-0.7-0.1-0.0-0.4-0.9-0.2-0.3-0.4-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 168144186207195135243218227305317
YoY Gr. Rt. %--14.8%29.3%11.4%-5.6%-31%80.1%-10.3%4.2%34.7%-
Adj EPS 9.22.58.712.47.60.112.310.611.1131.4
YoY Gr. Rt. %--72.4%242.3%42.6%-38.7%-98.6%11118.2%-13.9%4.5%16.9%-
BVPS (₹) 65.766.672.384.794.293.1104112.9123.7137.4132.1
Adj Net Profit 13.73.81318.511.40.218.515.916.719.52
Cash Flow from Ops. 16.511.414.638.226.2-1.738.939.621.938.9-
Debt/CF from Ops. 0.81.31.20.91.7-32.111.14.65.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.8%9.4%8%34.7%
Adj EPS 3.9%11.4%1.7%16.9%
BVPS 8.57.89.711.1
Share Price 10.7% -3.6% 17.8% -22.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 14.73.812.515.78.50.112.59.89.49.91.1
Op. Profit Mgn % 16.310.315.717.615.69.715.315.916.512.37.2
Net Profit Mgn % 8.22.7795.80.17.67.37.36.40.7
Debt to Equity 0.10.20.20.30.30.40.20.30.510.7
Working Cap Days 116150132131142226134157161121131
Cash Conv. Cycle 5883737070131788283700

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.96

Sales growth is good in last 4 quarters at 14.44%

Return on Equity has declined versus last 3 years average to 1.10%

Sales growth has been subdued in last 3 years 7.99%

Net Profit has been subdued in last 3 years 1.67%

Latest Financials - South India Paper Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 1.4 -
TTM Sales (₹ Cr.) 317 -
BVPS (₹.) 132.1 -
Reserves (₹ Cr.) 183 -
P/BV 0.87 -
PE 80.57 -
From the Market
52 Week Low / High (₹) 107.00 / 195.00
All Time Low / High (₹) 3.10 / 195.00
Market Cap (₹ Cr.) 172
Equity (₹ Cr.) 15
Face Value (₹) 10
Industry PE 7.8

Management X-Ray of South India Paper :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of South India Paper

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

South India Paper Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of South India Paper on 03-Feb-2023 18:01 is : 115.0.
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 03-Feb-2023 18:01 the market cap of South India Paper stood at ₹ 172.4.
The latest PE ratio of South India Paper as of 03-Feb-2023 18:01 is 80.57.
The latest PB ratio of South India Paper as of 03-Feb-2023 18:01 is 0.87
The 52-week high of South India Paper is ₹ 195.0 and the 52-week low is ₹ 107.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of South India Paper is ₹ 317.0 ( Cr.) .

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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