Star Paper Mills Ltd - Stock Valuation and Financial Performance

BSE: 516022 | NSE: STARPAPER | Paper & Paper Products | Small Cap

Star Paper Mills Share Price

222.50 -3.05 -1.35%
as on 28-Mar'24 15:30

DeciZen - make an informed investing decision on Star Paper Mills

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

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Star Paper Mills stock performance -

mw4me loader
P/E Ratio (SA):
5.32
Market Cap:
352.1 Cr.
52-wk low:
143.3
52-wk high:
288

Is Star Paper Mills Ltd an attractive stock to invest in?

1. Is Star Paper Mills Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Star Paper Mills Ltd is a average quality company.

2. Is Star Paper Mills Ltd undervalued or overvalued?

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

3. Is Star Paper Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Star 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 Star 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.
Star Paper Mills Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -29.7%31.4%27.9%28.5%13.8%11.9%7.3%3.6%7.1%13.1%-
Value Creation
Index
-3.11.21.01.00.0-0.2-0.5-0.7-0.5-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 275271272324347378341233331493467
Sales YoY Gr.--1.4%0.4%19%6.9%9%-9.7%-31.6%41.6%49.1%-
Adj EPS -14.19.910.638.433.232.721.811.123.447.142.4
YoY Gr.-NA6.8%263.7%-13.5%-1.5%-33.5%-49%111.4%100.9%-
BVPS (₹) 20.730.240.7226.1260.1291.7312.8321.6342.7380.8407.1
Adj Net
Profit
-22.115.416.56051.951.13417.336.673.566
Cash Flow from Ops. 2.614.712.138.935.530.817.528.518.746.8-
Debt/CF from Ops. 80.90.60.100.10000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.7%7.3%13.1%49.1%
Adj EPS NA7.2%29.4%100.9%
BVPS38.2%7.9%6.8%11.1%
Share Price 39.1% 12.1% 22% 54.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-5138.929.828.813.711.97.23.57.11310.8
Op. Profit
Mgn %
-2.95.59.821.920.913.114.19.19.716.314.2
Net Profit
Mgn %
-85.76.118.51513.5107.411.114.914.2
Debt to
Equity
0.60.30.10000000-
Working Cap
Days
5766715763679214310379121
Cash Conv.
Cycle
-49-67-66-41-1342149453797

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.80%

Sales growth is growing at healthy rate in last 3 years 13.06%

Net Profit is growing at healthy rate in last 3 years 29.36%

Sales growth is not so good in last 4 quarters at -2.28%

Latest Financials - Star Paper Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 42.4 6.7
TTM Sales (₹ Cr.) 467 240
BVPS (₹.) 407.1 0
Reserves (₹ Cr.) 620 100
P/BV 0.55 0.00
PE 5.32 33.73
From the Market
52 Week Low / High (₹) 143.30 / 288.00
All Time Low / High (₹) 3.10 / 318.20
Market Cap (₹ Cr.) 352
Equity (₹ Cr.) 15.6
Face Value (₹) 10
Industry PE 6.7

Management X-Ray of Star Paper Mills:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *47.5047.5047.5047.5047.2147.2147.2147.2147.2147.21
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Star Paper Mills

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales275271272324347378341233331493
Operating Expenses 283257246253274328293212299413
Manufacturing Costs13812311412414518014897149220
Material Costs10488797776929470100134
Employee Cost 26272629282828232527
Other Costs 16182724252823232532
Operating Profit -8152771724948213280
Operating Profit Margin (%) -2.9%5.5%9.8%21.9%20.9%13.0%14.1%9.1%9.7%16.2%
Other Income 111257791822
Interest 5331111101
Depreciation 11544445555
Exceptional Items -300000000-12
Profit Before Tax -2682168725249254483
Tax -4-84718-2127818
Profit After Tax -22161760545337183766
PAT Margin (%) -8.0%5.7%6.1%18.6%15.7%14.1%10.9%7.5%11.1%13.3%
Adjusted EPS (₹)-14.210.010.638.734.834.123.911.223.542.1
Dividend Payout Ratio (%)0%0%0%5%7%7%10%22%15%12%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 324764353406455488502535594
Share Capital 16161616161616161616
Reserves 173148337390440473486519579
Minority Interest0000000000
Debt201474210000
Long Term Debt0000000000
Short Term Debt201474210000
Trade Payables70716243423944292930
Others Liabilities 4753441141139698119108104
Total Liabilities 170184176514562592630650672728

Fixed Assets

Gross Block257257260408413422429437441446
Accumulated Depreciation166171175481117222732
Net Fixed Assets918685404405410412415415414
CWIP 1112747633
Investments 323232467881899411347
Inventories24232733444980767596
Trade Receivables77107874063
Cash Equivalents 1656424234139144
Others Assets14301516151615172123
Total Assets 170184176514562592630650672728

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3151239353117291947
PBT -2382168725249254483
Adjustment 148111-73-101-8
Changes in Working Capital 10-0-19-17-16-13-2210-17-8
Tax Paid 10-1-13-14-11-9-6-10-20
Cash Flow From Investing Activity 10-3-35-31-28-4-25-13-41
Capex 0-1-4-4-4-6-9-6-2-5
Net Investments 000-32-26-24-20-13-38
Others 10010-201112
Cash Flow From Financing Activity -4-10-10-3-7-5-8-5-5-7
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -4-3-3-1-1-1-1-10-1
Dividend Paid 0000-4-5-5-4-4-5
Others 0-7-7-2-30-2-1-1-1
Net Cash Flow 05-11-2-25-20-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-50.9839.1829.8328.9914.312.357.93.547.0711.63
ROCE (%)-33.8819.1635.5832.2319.1612.0810.545.148.6214.86
Asset Turnover Ratio1.641.631.610.650.650.560.380.530.74
PAT to CFO Conversion(x)N/A0.940.710.650.650.580.461.610.510.71
Working Capital Days
Receivable Days99119776333
Inventory Days323032324045691157961
Payable Days23929130524920316016119110781

Star Paper Mills Ltd Stock News

Star Paper Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Star Paper Mills on 28-Mar-2024 15:30 is ₹222.5.
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 28-Mar-2024 15:30 the market cap of Star Paper Mills stood at ₹352.1.
The latest P/E ratio of Star Paper Mills as of 28-Mar-2024 15:30 is 5.32.
The latest P/B ratio of Star Paper Mills as of 28-Mar-2024 15:30 is 0.55.
The 52-week high of Star Paper Mills is ₹288.0 and the 52-week low is ₹143.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Star Paper Mills is ₹467.4 ( Cr.) .

About Star Paper Mills Ltd

Star Paper Mills Limited, established in 1938, is an integrated Pulp and Paper Mill. The company is a part of Duncan Goenka Group having its plant at Saharanpur the State of Uttar Pradesh and registered office at Netaji Shubash Road, Kolkata in the State of West Bengal.

The company produces a wide range of Industrial, Packaging and Cultural Papers catering to almost all segments of the Consumers. Star has a distribution network throughout the Country.

The company has In-House R&D Unit recognised by Ministry of Science & Technology - Govt. of India. Star has won several awards in the fields of Energy conservation, Safety and Environment Management.

Business area of the company

The company is engaged in the manufacturing and supply of Paper and Paper Board as its core business. It produces a wide range of Industrial Packaging and cultural paper catering to all segment of the consumer.

Products of the company

  • Cultural Papers
  • Industrial Papers
  • Other Grades
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