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10 Yrs X-Ray 
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About
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
₹118.15 1.10 (0.94%)
As on 30-Sep'26 16:59
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
₹118.15 1.10 (0.94%)
As on 30-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹219 Cr.
Current Price
₹118.2
52-Week Low / High
₹65 / 136
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
16.6
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
17.47%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
27.82%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹18.8 Cr.
Face Value
₹10
All Time Low / High
₹3.10 / 195.00
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Weak
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?
Revenue growth of South India Paper Mills Ltd vs industry peers?
South India Paper Mills Ltd revenue CAGR is %, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of South India Paper Mills Ltd?
Promoters hold 27.82% of the South India Paper Mills Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
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 -2.5% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.8% | 3.1% | 14.5% | 12.6% | 12.5% | 9.2% | -1.8% | 0.2% | 1.8% | 9.2% | - |
| Value Creation Index ⓘ | -0.1 | -0.8 | 0.0 | -0.1 | -0.1 | -0.3 | -1.1 | -1.0 | -0.9 | NA | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 195 | 135 | 243 | 218 | 227 | 305 | 288 | 312 | 369 | 434 | 445 |
| Sales YoY Gr. | - | -31% | 80.1% | -10.3% | 4.2% | 34.7% | -5.7% | 8.5% | 18.3% | 17.5% | - |
| Adj EPS ⓘ | 7.6 | 0.1 | 12.3 | 10.6 | 11.1 | 13 | -13.4 | -7.4 | -5.7 | 5.8 | 7.9 |
| YoY Gr. | - | -98.6% | 11118.2% | -13.9% | 4.5% | 16.9% | -203.2% | NA | NA | NA | - |
| BVPS (₹) ⓘ | 94.2 | 93.1 | 104 | 112.9 | 123.7 | 137.4 | 124.4 | 117.6 | 112.6 | 118.6 | 121.2 |
| Adj Net Profit ⓘ | 11.4 | 0.2 | 18.5 | 15.9 | 16.7 | 19.5 | -25.1 | -13.8 | -10.7 | 11 | 15 |
| Cash Flow from Ops. ⓘ | 26.2 | -1.7 | 38.9 | 39.6 | 21.9 | 38.9 | 0.7 | -18.4 | 40.3 | 42.6 | - |
| Debt/CF from Ops. ⓘ | 1.7 | -32.1 | 1 | 1.1 | 4.6 | 5.1 | 268.1 | -10.7 | 4.3 | 3.7 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.3% | 13.9% | 14.7% | 17.5% | ||||
| Adj EPS ⓘ | -2.8% | -12.1% | NA | NA | ||||
| BVPSⓘ | 2.6% | -0.9% | -1.6% | 5.3% | ||||
| Share Price | -2.4% | -3.8% | 3% | 64.3% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.5 | 0.1 | 12.5 | 9.8 | 9.4 | 9.9 | -11.4 | -6.1 | -5 | 5.1 | 6.6 |
| Op. Profit Mgn % ⓘ | 15.6 | 9.7 | 15.3 | 15.9 | 16.5 | 12.3 | -1.7 | 5.5 | 5.9 | 11.9 | 12.5 |
| Net Profit Mgn % ⓘ | 5.8 | 0.1 | 7.6 | 7.3 | 7.3 | 6.4 | -8.7 | -4.4 | -2.9 | 2.5 | 3.3 |
| Debt to Equity ⓘ | 0.3 | 0.4 | 0.2 | 0.3 | 0.5 | 1 | 0.8 | 0.9 | 0.8 | 0.7 | - |
| Working Cap Days ⓘ | 142 | 226 | 134 | 157 | 161 | 121 | 124 | 123 | 114 | 106 | 53 |
| Cash Conv. Cycle ⓘ | 70 | 131 | 78 | 82 | 83 | 70 | 74 | 79 | 84 | 77 | 4 |
Valuation of South India Paper - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
No data found!
No data found!
No data found!
No data found!
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South India Paper Mills Ltd FAQs
The current trading price of South India Paper on 30-Sep-2026 16:59 is ₹118.2.
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 29-Sep-2026 the market cap of South India Paper stood at ₹219.5 Cr
The latest P/E ratio of South India Paper as of 29-Sep-2026 is 14.89.
The latest P/B ratio of South India Paper as of 29-Sep-2026 is 0.97.
The 52-week high of South India Paper is ₹136.0 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 ₹445 ( 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 Fair 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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