MarketFriction

Seshasayee Paper & Boards Ltd

NSE SESHAPAPER · BSE 502450 · Paper & Paper Products
₹236.35 -1.71%
NSE close2026-10-01
52 week range209.96 - 293.11
Market cap₹1,535 Cr.
P/E15.5
Price band 20% Delivery 63.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales362473539422398431502385346387592492
Expenses273386472374368424477365320362568449
Operating Profit89886848318252026252444
OPM %25%19%13%11%8%1.8%5%5%8%6%4.0%9%
Other Income181517151921201418132012
Interest001112414310
Depreciation111111111111111211111112
Profit before tax969174503716292129243243
Tax %24%24%23%26%23%-4%8%28%22%23%19%27%
Net Profit736957372817271522192632
EPS in Rs11.6110.949.015.874.512.644.292.453.552.964.135.06
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0081,1081,1051,3261,1847821,3552,0831,8021,7541,7101,817
Expenses9018948981,0309176751,1891,5491,4621,6431,6151,699
Operating Profit10721420729626710816653434011196118
OPM %11%19%19%22%23%14%12%26%19%6%6%6%
Other Income41215253126244063756463
Interest3223141473332898
Depreciation293132343538414544454545
Profit before tax5017217627325693146525357132106128
Tax %29%23%30%30%29%-15%24%25%24%18%22%
Net Profit361321231921821061103962711098399
EPS in Rs5.7120.9719.5430.4428.7916.8717.4462.7642.9317.3113.0915.70
Dividend Payout %17%10%15%13%13%14%14%9%11%14%15%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%17%-6%6%
Compounded Profit Growth9%-5%-41%13%
Stock Price CAGR10%6%-14%-5%
Return on Equity14%12%8%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital131313131312121212121212
Reserves4014305927138811,0071,1311,2431,6231,8991,9762,030
Borrowings329302171149971084021820
Other Liabilities380391343406446419367400443459452460
Total Liabilities1,1231,1351,1181,2811,4361,4481,5181,6602,0792,3912,5222,502
Fixed Assets661638650686685688747828809789769758
CWIP135041272331321420357193
Investments434793108107103152178197248278305
Other Assets4053993354606216265856401,0541,3191,4041,346
Total Assets1,1231,1351,1181,2811,4361,4481,5181,6602,0792,3912,5222,502
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity105112200225273165-7276329202-6192
Cash from Investing Activity-20-46-36-50-16-26-54-251-372-225426
Cash from Financing Activity-104-66-154-51-89-124-31-22-22-1923-103
Net Cash Flow-2001012416815-913-66-425-5
Free Cash Flow8669168172243119-108171297166-12337
CFO/OP119%104%103%125%112%79%9%184%86%88%-37%125%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days454735352225382717243141
Inventory Days1169711514711018741387138170165164
Days Payable194188168220211215311137134153115109
Cash Conversion Cycle-33-44-18-38-79-3140-2321418196
Working Capital Days-20-11-1-13-171265514264358
ROCE %11%26%22%31%26%9%12%37%20%7%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters42.78%42.78%42.78%42.78%42.78%42.81%42.90%42.90%42.90%43.03%43.11%43.27%
FIIs12.86%12.98%12.97%13.01%13.11%13.05%13.06%13.03%13.02%12.99%12.94%12.60%
DIIs0.03%0.02%0.02%0.06%0.08%0.08%0.10%0.10%0.10%0.10%0.10%0.09%
Government14.27%14.27%14.27%14.27%14.27%14.27%14.27%14.27%14.27%14.27%14.27%14.27%
Public30.05%29.96%29.96%29.88%29.77%29.78%29.68%29.70%29.69%29.61%29.59%29.76%
No. of Shareholders25,68326,43625,87525,72923,43023,31622,47122,19922,23421,66122,28222,671

Fundamentals

Market Cap₹ 1,535 Cr.
Current Price₹ 243
Stock P/E15.5
Book Value₹ 324
ROCE5.60 %
ROE4.10 %
Dividend Yield0.82 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)13%
Consolidated figures.
Valuation
Market capRs 1,491 Cr
Enterprise valueRs 1,345 Cr
P/E (TTM)15.06x
Price to book0.73x
Price to sales0.82x
EV / EBITDA7.40x
EV / EBIT9.85x
EV / sales0.74x
Price to cash flow16.20x
Earnings yield6.64%
Dividend yield0.81%
P/E, 3-year average13.57x
P/B, 3-year average0.85x
P/E, 5-year average10.90x
P/B, 5-year average0.87x
Profitability
Operating margin (excl. other income)5.61%
Operating margin (incl. other income)9.37%
EBITDA margin9.99%
Pre-tax margin7.07%
Net profit margin5.45%
Net margin, latest quarter6.48%
ROE4.10%
ROCE5.60%
ROA3.29%
ROE, 3-year average8.32%
ROCE, 3-year average10.92%
ROA, 3-year average6.61%
ROE, 5-year average12.31%
ROCE, 5-year average16.32%
ROA, 5-year average9.59%
ROIC (approx.)5.58%
Tax rate22.46%
Other income / net worth3.15%
Growth
Sales growth (latest year)-2.50%
Profit growth (latest year)-24.40%
Sales CAGR, 3 years-6.35%
Sales CAGR, 5 years16.94%
Profit CAGR, 3 years-40.70%
Profit CAGR, 5 years-4.95%
Sales growth QoQ-16.86%
Profit growth QoQ22.50%
Sales growth YoY (latest quarter)27.68%
Profit growth YoY (latest quarter)106.80%
Per share
EPS (TTM)Rs 15.70
EPS (latest year)Rs 13.09
EPS (latest quarter)Rs 5.06
EPS, 3-year averageRs 24.44
EPS, 5-year averageRs 30.71
Book value per shareRs 323.77
Sales per shareRs 288.12
Cash flow per shareRs 14.59
Free cash flow per shareRs 5.87
Dividend per share (latest year)Rs 1.91
Dividend per share, 3-year averageRs 3.02
Dividend per share, 5-year averageRs 3.44
Dividends
Dividend payout14.59%
Dividend payout, 3-year average13.16%
Dividend payout, 5-year average12.46%
Efficiency
Asset turnover0.68x
Fixed asset turnover2.26x
Inventory turnover3.86x
Inventory days94 days
Debtor days41 days
Debtors turnover9.00x
Creditor days109 days
Cash conversion cycle96 days
Working capital days58 days
Leverage
Cash and bankRs 146 Cr
Net debtRs -146 Cr
Net debt / EBITDA-0.80x
Interest coverage16.86x
Current ratio (filing 2026-03-31)2.41x
Quick ratio (filing 2026-03-31)1.19x
Trade payables (filing 2026-03-31)Rs 239 Cr
Owners' fund to total sources81.62%
Cash flow
Cash from Operating Activity (latest year)Rs 92 Cr
Cash from Investing Activity (latest year)Rs 6 Cr
Cash from Financing Activity (latest year)Rs -103 Cr
Net Cash Flow (latest year)Rs -5 Cr
Free cash flow (latest year)Rs 37 Cr
Cash from ops / profit, 5 years0.86x
Sales to cash flow18.59x
Statement figures
Net sales (TTM)Rs 1,817 Cr
Net sales (latest year)Rs 1,710 Cr
Sales (latest quarter)Rs 492 Cr
Operating profit excl. other income (latest year)Rs 96 Cr
Operating profit (latest quarter)Rs 44 Cr
Other income (TTM)Rs 63 Cr
EBITDA (TTM)Rs 182 Cr
PBDT (TTM)Rs 174 Cr
Profit before tax (TTM)Rs 128 Cr
Tax (latest year)Rs 24 Cr
Net profit (TTM)Rs 99 Cr
Net profit (latest year)Rs 83 Cr
Net profit (latest quarter)Rs 32 Cr
Depreciation (TTM)Rs 45 Cr
Depreciation (latest quarter)Rs 12 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 1,393 Cr
Total expenditure (latest year)Rs 1,615 Cr
Total income (latest year)Rs 1,775 Cr
Share capitalRs 12 Cr
ReservesRs 2,030 Cr
Shareholders' fundsRs 2,042 Cr
Total assetsRs 2,502 Cr
Net blockRs 758 Cr
Capital work in progressRs 93 Cr
InvestmentsRs 305 Cr
ReceivablesRs 190 Cr
InventoryRs 360 Cr
Other liabilitiesRs 460 Cr
Shares outstanding (crore)6.31
Ownership
Promoter holding43.27% (+0.37 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 15.1 is at the 78th percentile of its own 9.4-year range (median 8.8, low 3.4, high 20.5).
P/B 0.73 is at the 3th percentile (median 1.12).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSESHAPAPERNifty 50Difference
1 week-3.4%-2.8% -0.6 pts
1 month+1.6%-6.8% +8.4 pts
3 months+2.1%-7.6% +9.7 pts
6 months-4.1%+0.4% -4.5 pts
1 year-7.8%-9.9% +2.1 pts
2 years-32.2%-13.6% -18.7 pts
3 years-38.5%+14.2% -52.7 pts
5 years+30.4%+27.9% +2.5 pts

Red flags

F-score 5 of 8
explainReceivables outrunning sales Receivables grew 28% vs sales -3% in 2026
lookProfit leans on other income Other income was 60% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-05-12: Seshasayee Paper and Boards Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹492 Cr +27.8% vs Jun 2025. Net profit ₹32 Cr +113.3%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
JK Paper Ltd7,09621.77.39 %
West Coast Paper Mills Ltd4,64120.26.17 %
Andhra Paper Ltd1,42751.70.04 %
N R Agarwal Industries Ltd1,12517.08.49 %
Tamil Nadu Newsprint & Papers Ltd1,0534.046.41 %
Pudumjee Paper Products Ltd8989.8618.1 %
Emami Paper Mills Ltd7187.6011.4 %
Satia Industries Ltd6873.94 %
Kuantum Papers Ltd67118.65.24 %
Prabhatam Infra Venture Ltd614-97.1 %
Shree Rama Newsprint Ltd4640.93 %
Pakka Ltd35025.23.31 %
Orient Paper & Industries Ltd343-4.24 %
Ruchira Papers Ltd3139.3911.1 %
Genus Paper & Boards Ltd26419.06.17 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-06-10Dividend - Rs 2 Per Share
2025-06-04Annual General Meeting/Dividend - Rs 2.50 Per Share
2024-05-22Annual General Meeting/Dividend - Rs 5 Per Share
2023-06-07Annual General Meeting/Dividend - Rs 6 Per Share
2022-07-12Annual General Meeting/Dividend - Rs 2.50 Per Share
2021-07-13 Annual General Meeting/Dividend - Rs 2.50 Per Share
2020-07-28 Annual General Meeting/Dividend - Rs 3.50 Per Share Special Dividend - Rs 0.50 Per Share
2019-08-19 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2019-07-16 Annual General Meeting/Dividend - Rs 20 Per Share
2018-07-10 Annual General Meeting/Dividend- Rs 15 Per Share
2017-07-18 Dividend - Rs 10/- Per Share
2016-07-14 Dividend - Rs 5/- Per Share
2015-07-21Final Dividend - Rs 4/- Per Share
2014-07-15Dividend - Rs 4/- Per Share
2013-07-17Dividend-Rs.4/- Per Share
2012-07-18Dividend - Rs.5/- Per Share
2011-07-12Dividend - Rs.5/- Per Share
2010-07-13Final Dividend Rs.3.50 Per Share And Golden Jubilee Special Dividend Rs.2.50 Per Share
2009-07-14Dividend-Rs.3.50 Pr Share
2008-07-15Dividend - 40%
2007-07-16Dividend-35%
2006-07-14Dividend-25%
DateTypeWhat it says
2026-09-04Shareholder meetingProceedings of Postal Ballot
2026-09-04AppointmentAppointment of Mr R J RAMESH as Non- Executive Independent Director of the company w.e.f. September 04, 2026.
2026-09-04Shareholder meetingSeshasayee Paper and Boards Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
2026-09-04Shareholder meetingVoting results of Postal Ballot Notice dated 25.07.2026
2026-08-04Shareholder meetingSubmission of Postal Ballot Notice
2026-07-25UpdatesChairman s Letter to Shareholders - Un-audited Financial Results for the quarter ended June 30, 2026
2026-07-25AppointmentAppointment of Mr R J RAMESH as Non- Executive Director of the company w.e.f. July 25, 2026.
2026-07-25Board meeting outcomeSeshasayee Paper and Boards Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-20Shareholder meetingProceedings of Annual General Meeting held on Jun 20, 2026
2026-06-20Shareholder meetingSeshasayee Paper and Boards Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 20, 2026
2026-06-20Shareholder meetingVoting results of Annual General Meeting held on Jun 20, 2026
2026-05-30UpdatesLetter to Shareholders who have not registered their e-mail id, advising them the web-link and exact path of our website to access the Annual Report f...
2026-05-26Shareholder meetingNotice of Annual General Meeting to be held on Jun 20, 2026
2026-05-20Disclosure under SEBI TakeovSeshasayee Paper and Boards Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of ...
2026-05-12General UpdatesGeneral Updates- Capital investment of Rs 25 crores for copier paper conversion facilities
2026-05-12Change in AuditorsChange in Auditors of the company.
2026-05-12Record DateRecord date for the purpose of Dividend is 10-Jun-2026.
2026-05-12DividendBoard of Directors at its meeting held on May 12, 2026, recommended Final Dividend of Rs. 2.00 per equity share.
2026-05-12Board meeting outcomeSeshasayee Paper and Boards Limited has submitted to the Exchange, the Audited financial results for the period ended March 31, 2026.
2026-05-04Disclosure under SEBI TakeovPonni Sugars (Erode) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-04-30UpdatesInitial Disclosure to be made by an entity Identified NOT as a Large Corporate.
2026-04-21Disclosure under SEBI TakeovHigh Energy Batteries ( India)Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of In...
2026-03-12AppointmentAppointment of Mr ANURAG MISHRA, IFS as a Nominee Director of the company w.e.f. March 12, 2026.
2026-03-12AppointmentRe-appointment of Mr. N GOPALARATNAM as Wholt-time Director, designated as Chairman of the company w.e.f. April 01, 2026.
2026-03-12Shareholder meetingProceedings of Postal Ballot along with a copy of minutes.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-04-12NCLTS Dhanapal (Liquidator) M/S Of Servalakshmi Paper Ltd Vs Seshasayee Paper And Boards Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Seshasayee Paper & Boards Ltd?

Seshasayee Paper & Boards Ltd (SESHAPAPER) has a market capitalisation of Rs 1,535 Cr. at the 2026-10-01 close.

What is the P/E ratio of Seshasayee Paper & Boards Ltd?

Seshasayee Paper & Boards Ltd trades at a P/E of 15.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Seshasayee Paper & Boards Ltd's latest quarterly results?

In the Jun 2026 quarter, Seshasayee Paper & Boards Ltd sales was Rs 492 Cr (+27.8% vs Jun 2025) and net profit was Rs 32 Cr.

What is the 52-week high and low of Seshasayee Paper & Boards Ltd?

The 52-week high is Rs 293.11 and the 52-week low is Rs 209.96.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03