Seshasayee Paper And Boards Limited (SESHAPAPER)

Loading page…

Seshasayee Paper And Boards Limited (SESHAPAPER) · mywealthgrid

About

Seshasayee manufactures paper and boards for the Indian market within the Materials sector. The company operates at mid-cap scale (₹1,464 Cr market capitalisation) with zero debt and a 43% promoter stake. Regular dividend distributions reflect mature, cash-generative operations in a commodity-sensitive industry.

Face value: ₹2

Market cap

₹1,491 Cr

P/E

15.1×

P/B

0.7×

Dividend yield

0.8%

ROE

4.1%

ROCE

4.6%

Debt / equity

OPM

5.6%

EPS (TTM)

₹16.4

Book value

₹339.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Volatile profitability: Jun 2026 generated ₹33.59 Cr profit on ₹492 Cr revenue (8.91% OPM) versus Mar 2026's ₹17.39 Cr on ₹591.78 Cr revenue (3.98% OPM), indicating inconsistent cost management or revenue-mix challenges.
Low capital efficiency: ROE of 4.1% suggests poor returns on shareholder capital, raising questions about operational leverage and competitive positioning.
Paper sector commodity exposure: margins fluctuate with pulp, chemical and energy costs. Verify: hedging strategies and ability to pass through input inflation to customers.
Negative momentum: 1-year stock return of -12.78% despite regular dividends signals investor concern. Verify: peer performance and any operational headwinds not reflected in reported results.

Generated analysis · source review pending

Growth drivers

Recent operational strength: Jun 2026 achieved 8.91% OPM on ₹492 Cr revenue versus 5.61% historical average, suggesting potential for improved earnings if this efficiency level sustains.
Strong balance sheet flexibility: zero debt (D/E = 0) removes financing constraints and enables investment in capacity or technology. Verify: management's capex and strategic growth plans.
Volume headroom: quarterly revenue of ₹346–₹591 Cr indicates existing operational scale; incremental growth would flow to bottom line if margins stabilize. Verify: domestic demand trends and export competitiveness in paper/boards markets.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹236.4-2.5%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 16.9% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 11.4×

Cons

−Low return on equity of 8.3% (3-yr avg)
−Thin operating margin of 5.6%
−Profit declined 4.9% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

55/100

Business quality: 35
Growth: 50
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,184	782	1,355	2,083	1,802	1,754	1,710
COGS	578	386	777	993	964	1,121	1,141
Gross profit	606	396	578	1,090	838	633	570
	330	281	404	545	485	516	458
	275	115	174	545	353	118	111
OPM %	23.3%	14.7%	12.8%	26.2%	19.6%	6.7%	6.5%
Depreciation	35	38	41	45	44	45	45
Interest	7	3	3	3	2	8	9
	23	18	16	29	50	69	49
Profit before tax	257	93	146	525	357	132	106
Tax	74	-14	36	130	86	23	24
Tax %	28.9%	-15%	24.4%	24.7%	24.1%	17.6%	22.5%
	183	106	110	396	271	109	83
PAT margin %	15.4%	13.6%	8.1%	19%	15%	6.2%	4.8%
EPS (₹)	29	17.7	18.3	65.7	45	18.1	13.7
EPS adjusted (₹)	30.4	17.7	18.3	65.8	45	18.1	13.7
	13.8%	14.2%	13.7%	9.1%	11.1%	13.8%	14.6%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	13	13	13	12	12	12	12	12	12	12
Reserves	455	713	881	869	1,131	1,243	1,623	1,899	1,976	2,030
	254	92	51	51	8	4	0	21	82	0
	392	464	491	491	367	400	443	459	452	460
Total equity & liabilities	1,114	1,281	1,436	1,424	1,518	1,660	2,079	2,391	2,522	2,502
	625	673	672	672	746	827	807	788	768	757
CWIP	50	27	23	23	32	14	20	35	71	93
Investments	75	108	107	107	154	179	198	249	279	306
	364	473	634	622	585	640	1,054	1,319	1,404	1,346
Total assets	1,114	1,281	1,436	1,424	1,518	1,660	2,079	2,391	2,522	2,502

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	51.2%	50.6%	42.6%	52.3%	46.5%	36.1%	33.3%
EBITDA margin %	22.5%	13.8%	12.2%	25.6%	18.9%	6.4%	5.6%
EBIT margin %	19.6%	8.9%	9.2%	23.5%	16.4%	3.8%	3%
PAT margin %	15.4%	13.6%	8.1%	19%	15%	6.2%	4.8%
Working capital
Receivable days	25	38	27	17	24	31	41
Inventory days	85	215	58	89	109	115	115
Payable days	—	162	92	86	98	80	76
NWC days	—	91	-6	20	35	66	79
Leverage
Current ratio	1.76	2.59	2.42	3.03	3.34	3.41	2.41
Debt to EBITDA	0.19	0.07	0.02	0	0.06	0.73	0
Debt to equity	0.06	0.01	0	0	0.01	0.04	0
Interest coverage	37.1	30.4	48.9	162.4	161.7	16	11.4
Asset turnover	0.83	0.52	0.82	1	0.75	0.7	0.68
Return ratios
Return on assets %	12.8%	7%	6.6%	19%	11.3%	4.3%	3.3%
Return on capital employed %	23.4%	7.4%	10.3%	32.3%	17.9%	6.4%	4.6%
Return on equity %	20.7%	9.3%	8.8%	24.2%	14.2%	5.5%	4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	42.78%	42.78%	42.78%	42.78%	42.78%	42.81%	42.89%	42.9%	42.9%	43.03%	43.11%	43.27%
	12.86%	12.98%	12.97%	13.01%	13.11%	13.05%	13.06%	13.03%	13.02%	12.99%	12.94%	12.6%
	0.04%	0.02%	0.02%	0.06%	0.08%	0.08%	0.09%	0.1%	0.1%	0.1%	0.1%	0.09%
	0%	0%	0%	0%	0%	0%	0%	0%	14.27%	14.27%	14.27%	14.27%
	44.32%	44.22%	44.23%	44.15%	44.03%	44.06%	43.96%	43.97%	29.71%	29.61%	29.58%	29.77%
No. of shareholders	—	—	—	—	—	—	—	—	22,234	21,661	22,282	22,671

Promoter holding up 0.49 percentage points since Sep 2023.

Mr. N GopalaratnamExecutive Director-Chairperson
Mr. Mohan Verghese ChunkathNon-Executive - Independent Director
Mr. S DurgashankarNon-Executive - Independent Director
Mrs. Sheela BalakrishnanNon-Executive - Independent Director
Mr. T.C.A. RanganathanNon-Executive - Independent Director
Mr. C ChandramouliNon-Executive - Independent Director
Mr. Kumar JayantNon-Executive - Nominee Director
Mr. Anurag MishraNon-Executive - Nominee Director
Mr. Ganesh Balakrishna BhadtiExecutive Director
Mr. S SrinivasExecutive Director
Mr. R.j. RameshNon-Executive - Nominee Director

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Seshasayee Paper And Boards Limited. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

28 Sept 2026, 11:14 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

Loading announcements…

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	51.2%	50.6%	42.6%	52.3%	46.5%	36.1%	33.3%
EBITDA margin %	22.5%	13.8%	12.2%	25.6%	18.9%	6.4%	5.6%
EBIT margin %	19.6%	8.9%	9.2%	23.5%	16.4%	3.8%	3%
PAT margin %	15.4%	13.6%	8.1%	19%	15%	6.2%	4.8%
Working capital
Receivable days	25	38	27	17	24	31	41
Inventory days	85	215	58	89	109	115	115
Payable days	—	162	92	86	98	80	76
NWC days	—	91	-6	20	35	66	79
Leverage
Current ratio	1.76	2.59	2.42	3.03	3.34	3.41	2.41
Debt to EBITDA	0.19	0.07	0.02	0	0.06	0.73	0
Debt to equity	0.06	0.01	0	0	0.01	0.04	0
Interest coverage	37.1	30.4	48.9	162.4	161.7	16	11.4
Asset turnover	0.83	0.52	0.82	1	0.75	0.7	0.68
Return ratios
Return on assets %	12.8%	7%	6.6%	19%	11.3%	4.3%	3.3%
Return on capital employed %	23.4%	7.4%	10.3%	32.3%	17.9%	6.4%	4.6%
Return on equity %	20.7%	9.3%	8.8%	24.2%	14.2%	5.5%	4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jk Paper LimitedJKPAPERJKPAPER	₹6,937 Cr	₹9,373 Cr	₹7,365 Cr	₹968 Cr	13.1%	₹324 Cr	3.9%	7.4%	4.9%	69
West Coast Paper Mills LimitedWSTCSTPAPRWSTCSTPAPR	₹4,802 Cr	₹5,116 Cr	₹4,389 Cr	₹505 Cr	9.7%	₹237 Cr	3.6%	6%	4.4%	106
Seshasayee Paper And Boards LimitedSESHAPAPERSESHAPAPER	₹1,491 Cr	₹1,491 Cr	₹1,817 Cr	₹119 Cr	5.6%	₹99 Cr	4.8%	4.6%	4.1%	79
Andhra Paper LimitedANDHRAPAPANDHRAPAP	₹1,419 Cr	₹1,652 Cr	₹1,702 Cr	₹82 Cr	4%	₹28 Cr	1.1%	2%	1%	68
N R Agarwal Industries LimitedNRAILNRAIL	₹1,121 Cr	₹1,910 Cr	₹2,340 Cr	₹232 Cr	8.1%	₹62 Cr	2%	8.8%	5.5%	44
Tamil Nadu Newsprint & Papers LimitedTNPLTNPL	₹1,022 Cr	₹2,620 Cr	₹4,649 Cr	₹494 Cr	10.4%	₹261 Cr	5.3%	7%	11.3%	-31
Pudumjee Paper Products LimitedPDMJEPAPERPDMJEPAPER	₹907 Cr	₹930 Cr	₹814 Cr	₹125 Cr	15.3%	₹91 Cr	11.6%	17.8%	14.9%	91
Emami Paper Mills LimitedEMAMIPAPEMAMIPAP	₹707 Cr	₹1,524 Cr	₹2,008 Cr	₹241 Cr	10.3%	₹94 Cr	3.2%	14%	9.8%	107
Satia Industries LimitedSATIASATIA	₹683 Cr	₹982 Cr	₹1,443 Cr	₹119 Cr	9.1%	₹-8 Cr	2.8%	4.6%	3.8%	110
Kuantum Papers LimitedKUANTUMKUANTUM	₹670 Cr	₹1,530 Cr	₹1,174 Cr	₹162 Cr	14.8%	₹36 Cr	3.8%	5.4%	3.4%	77
Shree Rama Newsprint LimitedRAMANEWSRAMANEWS	₹433 Cr	₹810 Cr	₹33 Cr	₹-2 Cr	0.7%	₹-69 Cr	-209.4%	0.8%	—	-50
Orient Paper & Industries LimitedORIENTPPRORIENTPPR	₹344 Cr	₹631 Cr	₹895 Cr	₹-32 Cr	-4.2%	₹-71 Cr	-3.2%	-4.2%	-1.9%	32

Date	Category	Subject	Filing
28 Sept 2026, 11:14 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
4 Sept 2026, 4:54 pm	AGM/EGM Postal Ballot	Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot	PDF
4 Sept 2026, 1:14 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
4 Sept 2026, 1:07 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
4 Sept 2026, 12:59 pm	AGM/EGM Postal Ballot	Seshasayee Paper and Boards Ltd - 502450 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report	PDF
4 Sept 2026, 12:57 pm	AGM/EGM Postal Ballot	Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot	PDF
31 Jul 2026, 10:45 am	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
28 Jul 2026, 12:39 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	200	227	165	-7	274	329	202	-61	92
	-38	-52	26	-82	-250	-372	-225	42	6
	-153	-51	124	-31	-22	-22	-19	23	-103
Net cash flow	9	124	—	-119	3	-66	-42	5	-5
Free cash flow	167	172	211	-109	170	297	162	-124	36
CFO / Operating profit %	—	—	61.9%	-6.6%	165.6%	61.5%	59.5%	-55%	95.9%

Seshasayee Paper And Boards Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

22

1

1

Compounded sales growth

Compounded profit growth

Return on equity

Seshasayee Paper And Boards Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Dividends22

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

22

1

1