Seshasayee Paper & Boards Ltd

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NSEBSE

339.603.20 (0.95%)

03:49 PM,4th Mar 2024

340.403.45 (1.02%)

04:01 PM,4th Mar 2024

BSE : 502450

NSE : SESHAPAPER

Sector : Industrials

ISIN Code : INE630A01024

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Last Updated: Mar 04 2024 | 04:01 PM IST

Market Cap (₹ Cr)

2141

Turnover (₹ Cr)

0.08

Volume (Shares)

24456

Face Value

2

52-WK High

421.85

52-WK High Date

12 Sep 2023

52-WK Low

220.10

52-WK Low Date

28 Mar 2023

All Time High

421.85

All Time High Date

12 Sep 2023

All Time Low

2.41

All Time Low Date

17 Jul 2001

Seshasayee Paper & Boards Ltd

Seshasayee Paper & Boards Ltd. was incorporated in June 22 1960 and promoted by S Viswanathan and N Gopalaratnam. The Company is engaged into manufacture and sale of printing and writing paper and has plants in two locations one at Erode and another at Tirunelveli with an aggregate capacity to produce 255000 tonnes of paper per annum (TPA). The company completed the first phase (cost:Rs 10 cr) of its modernisation programme in 1994 for which it came out with a rights issue at a premium of Rs 10 in Dec.'93. In the same year the company spent over Rs 6 cr on energy conservation financed by term loans from IDBI. It has enhanced its capacity to 115000 tpa from 69000 tpa. Company's quality systems continue to be covered by the ISO 9001 accrediation awarded by Det Norske Veritas The Netherlands. The company is repaying its term loans for which it availed for Expansion/Modernization projectsdue to the Financial Institution/Banks. A multi-purpose business paper 'SPRINT' was launched during 2003 and the same was well accepted in the market.During March 2011 the Company acquired 41.67% of the Equity Capital of Subburaj Papers Limited (SPL) held by the Promoters.During the year 2013 the Company acquired 100% of the Equity of Esvi International (Engineers & Exporters) Limited (Esvin) therebymaking it a wholly owned subsidiary of the Company. During the year 2014 the Company issued 1363628 Equity Shares to the Equity Shareholders of SPB Papers Limited which amalgamated with the Company pursuant to the Scheme of Amalgamation approved by the Hon'ble High Court of Madras. In 2016 Company embarked on implementation of two Projects viz. Mill Development Plan II at Unit : Erode and Mill Expansion Plan at Unit : Tirunelveli. The Mill Development Plan II - Phase I was completed which costed Rs. 75 crores. Under Phase-I Wood Pulp Line was upgraded to produce 1 45 000 tonnes per annum of wood pulp. Second Stage Oxygen Delignification System and a Twin Roll Barrier Press were installed in the Wood Pulp Mill. A new Electro Static Precipitator was added in Chemical Recovery Complex. In addition a new Winder was added to Paper Machine 1-4. Distributed Control System in the Stock Preparation Section of Paper Machines 1-4 and Energy Efficient Drive System were added in Paper Machine 3. Further major retrofit was carried out in Power Boiler to generate additional steam and power. This helped to wheel 3 MW of power from Unit : Erode to Unit : Tirunelveli. Work commenced under Phase-II at an estimated cost of Rs 50 crores to enhance paper production and upgrading Bagasse Pulping facility and Waste Water Treatment Plant. Mill Expansion Plan in Unit : Tirunelveli was undertaken which costed Rs 75 crores. Film Press and Top Wire Former were installed in the Paper Machine to help in improving the quality of paper as well as step up production. De-Inking Plant recommissioned which helped to step up pulp production and reduce use of expensive imported pulp. Re-build of Power Boiler was completed to generate additional power.After completion of the Mill Development Plan - II (Phase - I and II) at Unit : Erode and Mill Expansion Plan in Unit : Tirunelveli in Financial Years 2017-18 and 2018-19 the Company embarked on a Mill Development Plan - III (MDP - III) at Unit : Erode costing Rs. 315 crores. The execution of the Project MDP-III commenced effective from July 01 2020. The Company completed upgradation works on Paper Machine - 1 and Paper Machine - 5 in FY 2020-21 as part of project Mill Development Plan - III (MDP-III). As part of the second phase of the project it completed upgradation works in Paper Machine - 2 Paper Machine - 4 Pulp Mill and Recovery Boiler during the Financial Year 2021-22. Accordingly the total installed capacity of theCompany currently stood at 255000 tonnes per annum with the completion of the Project MDP-III.

Seshasayee Paper & Boards Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

2141

EPS - TTM (₹) [S]

51.06

P/E Ratio (X) [S]

1.26

Face Value (₹) 2
Latest Dividend (%)300.00
Latest Dividend Date 07 Jun 2023
Dividend Yield (%) 1.68
Book Value Share (₹) [S]270.44
P/B Ratio (₹) [S]1.26
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

334.60

340.65

Week Low/High

316.85

346.00

Month Low/High

316.85

350.00

Year Low/High

220.10

422.00

All time Low/High

2.00

422.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-1.35%-1.41%1.491.28%
1 Month1.03%0.82%2.482.52%
3 Month-0.13%-0.10%7.278.31%
6 Month3.85%3.98%12.5614.73%
1 Year30.16%29.79%23.5127.35%
3 Year104.52%104.27%45.2948.57%

Company Info

Company Information

Chairman & Exec. Director : N Gopalaratnam

Independent Director : S Narayan

Independent Director : V Sridar

Managing Director : K S Kasi Viswanathan

Independent Director : A L Somayaji

Independent Director : Nanditha Krishna

Independent Director : Mohan Verghese Chunkath

Nominee (TIIC) : Hans Raj Verma

Director (Operation) : GANESH BALAKRISHNA BHADTI

Nominee (Govt) : T Rito Cyriac

Registered Office: Pallipalayam, Cauvery RS PO,Erode,Tamil Nadu-638007 Ph: 91-4288-2240221-2240228

Email:edoff@spbltd.com

URL:http://www.spbltd.com