SESHAPAPER

Seshasayee Paper and Boards Limited

Seshasayee Paper and Boards Limited (SESHAPAPER) financial statements and selected valuation metrics through 30 June 2026.

Commodities›Forest Materials›Paper, Forest & Jute Products›Paper & Paper Products

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Key metrics

Price as of 2026-10-16

Stock price
₹218.45
Market cap
1,378 Cr
Stock P/E
13.3
P/B
0.65
Dividend yield
1.1%
ROE (FY26)
4.0%
ROCE (FY26)
5.6%
Operating margin (FY26)
3.0%
Debt / equity (FY26)
0.00
OCF / EBITDA (FY26)
95.9%
OCF / EBITDA (3Y)
42.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Seshasayee Paper and Boards (SPB) makes paper at its Erode and Tirunelveli mills, selling mainly in India with some exports.

Company snapshot

3rdBy market cap

Ranked among 22 companies in Paper & Paper Products.

What we see

Positives
  • ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 43% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales362 Cr473 Cr539 Cr422 Cr398 Cr431 Cr502 Cr385 Cr346 Cr387 Cr592 Cr492 Cr
Operating expenses (approx.)273 Cr386 Cr472 Cr374 Cr368 Cr424 Cr477 Cr364 Cr320 Cr362 Cr568 Cr448 Cr
EBITDA89 Cr88 Cr68 Cr48 Cr31 Cr8 Cr25 Cr21 Cr26 Cr25 Cr24 Cr44 Cr
OPM %24.7%18.5%12.6%11.3%7.7%1.8%5.0%5.5%7.6%6.4%4.0%8.9%
Other income14 Cr11 Cr13 Cr15 Cr15 Cr21 Cr18 Cr14 Cr13 Cr10 Cr12 Cr12 Cr
Interest0.50 Cr0.50 Cr0.64 Cr1 Cr1 Cr2 Cr4 Cr1 Cr4 Cr3 Cr0.71 Cr0.41 Cr
Depreciation11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr12 Cr11 Cr11 Cr11 Cr12 Cr
Profit before tax96 Cr91 Cr74 Cr50 Cr37 Cr16 Cr29 Cr21 Cr29 Cr24 Cr32 Cr43 Cr
Tax %24.0%24.2%22.7%26.2%23.1%-4.3%7.9%28.0%21.9%23.1%18.7%26.5%
Net profit73 Cr69 Cr57 Cr37 Cr28 Cr17 Cr27 Cr15 Cr22 Cr19 Cr26 Cr32 Cr
EPS (₹)₹12.15₹11.45₹9.44₹6.14₹4.73₹2.76₹4.50₹2.56₹3.72₹3.10₹4.32₹5.30

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,167 Cr1,118 Cr1,326 Cr1,184 Cr782 Cr1,355 Cr2,083 Cr1,802 Cr1,754 Cr1,710 CrSign in free for the trailing twelve months
Operating expenses (approx.)953 Cr911 Cr1,030 Cr917 Cr675 Cr1,189 Cr1,549 Cr1,462 Cr1,643 Cr1,615 CrSign in free for the trailing twelve months
EBITDA214 Cr207 Cr296 Cr267 Cr108 Cr166 Cr534 Cr340 Cr111 Cr96 CrSign in free for the trailing twelve months
OPM %18.3%18.5%22.3%22.5%13.8%12.2%25.6%18.9%6.4%5.6%Sign in free for the trailing twelve months
Other income8 Cr9 Cr23 Cr23 Cr18 Cr16 Cr29 Cr50 Cr69 Cr49 CrSign in free for the trailing twelve months
Interest23 Cr14 Cr14 Cr7 Cr3 Cr3 Cr3 Cr2 Cr8 Cr9 CrSign in free for the trailing twelve months
Depreciation31 Cr32 Cr34 Cr35 Cr38 Cr41 Cr45 Cr44 Cr45 Cr45 CrSign in free for the trailing twelve months
Profit before tax172 Cr176 Cr273 Cr257 Cr93 Cr146 Cr525 Cr357 Cr132 Cr106 CrSign in free for the trailing twelve months
Tax %23.2%29.8%29.8%28.9%-15.0%24.4%24.7%24.1%17.6%22.5%Sign in free for the trailing twelve months
Net profit132 Cr123 Cr192 Cr183 Cr106 Cr110 Cr396 Cr271 Cr109 Cr83 CrSign in free for the trailing twelve months
EPS (₹)₹104.89₹97.74₹152.26₹28.97₹17.66₹18.27₹65.72₹44.96₹18.13₹13.70Sign in free for the trailing twelve months
Dividend payout %————23.7%14.3%4.0%14.0%28.9%19.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital13 Cr13 Cr13 Cr13 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr
Reserves592 Cr713 Cr881 Cr1,019 Cr1,131 Cr1,243 Cr1,623 Cr1,899 Cr1,976 Cr2,030 Cr
Borrowings117 Cr92 Cr51 Cr7 Cr3 Cr4 Cr—21 Cr82 Cr—
Other liabilities397 Cr464 Cr491 Cr422 Cr371 Cr400 Cr443 Cr459 Cr452 Cr460 Cr
Total liabilities1,118 Cr1,281 Cr1,436 Cr1,461 Cr1,517 Cr1,660 Cr2,079 Cr2,391 Cr2,522 Cr2,502 Cr
Fixed assets (net)636 Cr671 Cr670 Cr673 Cr733 Cr814 Cr794 Cr774 Cr755 Cr744 Cr
CWIP41 Cr27 Cr23 Cr31 Cr32 Cr14 Cr20 Cr35 Cr71 Cr93 Cr
Investments93 Cr108 Cr108 Cr105 Cr154 Cr179 Cr198 Cr249 Cr279 Cr306 Cr
Loans & advances——0.62 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories129 Cr158 Cr135 Cr169 Cr227 Cr124 Cr241 Cr288 Cr354 Cr360 Cr
Trade receivables106 Cr107 Cr80 Cr81 Cr82 Cr101 Cr95 Cr119 Cr148 Cr190 Cr
Cash & bank19 Cr25 Cr65 Cr205 Cr114 Cr116 Cr51 Cr9 Cr13 Cr8 Cr
Other assets95 Cr186 Cr356 Cr197 Cr176 Cr311 Cr681 Cr917 Cr901 Cr801 Cr
Total assets1,118 Cr1,281 Cr1,436 Cr1,461 Cr1,517 Cr1,660 Cr2,079 Cr2,391 Cr2,522 Cr2,502 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity200 Cr227 Cr273 Cr166 Cr-7 Cr274 Cr329 Cr202 Cr-61 Cr92 Cr
Cash from investing-36 Cr-52 Cr-16 Cr-27 Cr-82 Cr-250 Cr-372 Cr-225 Cr42 Cr6 Cr
Cash from financing-154 Cr-51 Cr-89 Cr-124 Cr-31 Cr-22 Cr-22 Cr-19 Cr23 Cr-103 Cr
Net cash flow10 Cr124 Cr168 Cr15 Cr-119 Cr3 Cr-66 Cr-42 Cr5 Cr-5 Cr
Free cash flow (OCF − Capex)167 Cr172 Cr243 Cr121 Cr-109 Cr170 Cr297 Cr162 Cr-124 Cr36 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %27.1%23.2%30.4%25.4%8.3%11.8%32.3%18.6%6.8%5.6%
ROE %21.9%17.0%21.5%17.7%9.3%8.8%24.2%14.2%5.5%4.0%
Debtor days33352225382717243140
Inventory days84102741031807492102113119
Days payable12215314311813511689927879
Cash conversion cycle-5-16-47983-1520346580
OCF / EBITDA %93.7%109.3%92.2%62.3%-6.6%165.6%61.5%59.5%-55.0%95.9%
OCF / EBITDA % (3 years)——97.6%86.4%64.5%80.3%73.8%77.4%47.6%42.6%
Debt / equity0.190.130.060.00640.00310.00330.000.010.040.00
Current ratio1.061.311.762.572.592.423.033.343.412.41
Net debt / EBITDA0.46—-0.04-0.74-1.02-0.68-0.090.040.62-0.08